Rule #1 Finance Blog
financial control
Why You Should Practice Paper Trading
I’m going to talk to you real quick about using something called “paper money” in order to learn how to invest. Paper money trading is really cool. Let me tell you about it.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
Responsible Investing With Your Own Personal Values
Our personal values are incredibly important to successful investing. Almost no one talks about how to connect your values or your heart to where your money is going.
I think it is the most important vote in your life to invest your money into the things that you value and that you want to see in the world 20 years from now.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
Advantages and Disadvantages of ETFs
ETF. Exchange-traded fund. A security that tracks an index and represents a basket of stocks like an index fund, but trades like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
Perfectly Legal, 100% Free, Tax Loopholes
If we could just buy and hold, there wouldn’t be a tax issue. Unfortunately, we’re not geniuses enough to know the stock can’t go lower, and Mr. Market is far too irrational to be trusted. So we use the Tools, get in and out with the big guys, and avoid the danger of holding in a market that can crash. Great. Except now the Feds can tax us.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
The Ugly Game of Assets Under Management
Get this into your head: Mutual fund companies are not in the stockpiling business or even the investing business. They are in the asset-collection business. They call it AUM and, like the yoga mantra “om,” they repeat it endlessly to assure a happy life.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
What is a Berky and Do You Need One?
Stockpiling your way to riches wouldn’t be possible if it weren’t for Mr. Market. But it also wouldn’t be possible without a proper place to stash the excess cash that you’ll be using for your investments.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
The Problem With 401k Programs
Since I’m a former river guide and not a tax attorney or CPA, I’m not going to advise you about how to set up these plans.
I will tell you however, I’m not a huge fan of the 401k programs because most of them force you to invest in mutual funds.
Ready to Hit Your Financial Goals?
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.