Rule #1 Finance Blog
Being good at skiing may not mean you will be excellent at snowboarding on the first try, but it does provide you with an understanding of winter sports which you can then grow upon.
This week on InvestED we dive into Charlie Munger’s first principle of finding great companies. We explain what it means to be capable of understanding the business and the level of understanding that is ultimately recommended before investing in a company. Read more.
The stock market is the best wealth creator in the entire world, yet remains a confusing concept for a lot of people.
Most people don’t know the stock market basics.
When it comes to investing, where do you start? How does the stock market work? It’s difficult to pick a single starting point with so many investing strategies out there.
But that’s okay.
Today, we’ll cover the basics such as how the market works, how to learn to invest, and how beginners can get started.
When it comes to investing, there are many different views and investment mindsets as to how we should be doing it. I’ve spent years trying model and teach how the best investors in the world – investors like Warren Buffett, Charlie Munger, and Mohnish Pabrai invest.
Everyone should learn how to invest if they want to be financially free in retirement. If that’s true, why doesn’t everybody learn to invest? Read more.
When there’s a stock market drop, what do Rule #1 investors do? Stock market trends create fluctuations. The market goes from an emotional status of exuberance and excitement with an overheated market environment, to the exact opposite. The opposite emotion is fear, everything is horrible, everybody’s unemployed, and the sun is never going to come up tomorrow. That’s Read more.
When it comes to investing you have a lot of choices. You may have asked yourself, “Are mutual funds a good investment?” Maybe you’re looking for some mutual fund investment advice from someone who isn’t a fund manager.
Always remember your mutual fund manager wants to keep your money, so does your broker, and any other financial services professional who happen to have their hands in your pockets. Read more.
Your financial advisor is going to give you choices in your 401k or in your IRA between index funds and mutual funds. What are the best choices to make when it comes to your retirement? What is the difference between index funds and mutual funds? Read more.
Investing is arguably one of the most important elements of our financial future, yet most people choose not to invest due to a fear of failure. In this week’s episode, we discuss the emotional aspect of investing, how to grow when others are fearful, and the various types of bonds. Read more.
What if there was a way to invest in real estate without the hassle of having to manage the property yourself? As part of our ongoing discussion about alternative paths of investing, this week we discuss Real Estate Investment Trusts (REIT). Read more.
We discuss if it’s possible to make real estate a beneficial component of your all-weather financial portfolio. We talk about a couple of books we’ve been reading, how Warren Buffett bought a farm and if Phil should bring back the snap brim hat. Read more.
Phil and Danielle discuss a few different market theories and books written over the years to try to answer Danielle’s question of,
“We only can see the price of a stock today of the company that we want to buy. How do you know if THAT price is a good price or not?
The stock market definitely gets overpriced, however over the long term it usually is rational. Phil explains how and why you should be buying when there is fear in the stock market and selling when there is greed in the stock market. Read more.