Rule #1 Finance Blog
With Investor Phil Town
The time value of compound interest simply can’t be overstated. If you begin investing in your 30s by putting aside $5,000 per year, you can expect to have around $1 million by the time you retire at age 65.
Meanwhile, someone who doesn’t start saving until their 40s will need to set aside three times this annual amount to achieve the same total return. Read more.
Market timing or being able to time the stock market – predicting when it is going to crash and investing accordingly – is the holy grail of investing…investing Nirvana.
Having a crystal ball to predict the market is every investor’s dream. Read more.
One of the most commonly held misconceptions in investing is the idea that you must work with a financial advisor in order to be successful.
Perhaps this myth has persisted for so long thanks to persistent marketing on behalf of financial advisory firms.
However, the reality is that investors who manage their own money are often able to perform just as well or better than those who work with a financial advisor and without any high fees eating into their returns. Read more.
Anybody who knows me for more than two seconds knows Warren Buffett has made a big impact on me and my investment strategy. Heck, I even named my business Rule #1 after one of his quotes, “Rule #1 never lose money. Rule #2 never forget rule number one.” – Warren Buffett That’s a rule I Read more.
There are common investing lies and myths that can often scare off the individual investor and make them wonder if investing is worth it.
I have put together my top 3 straight up investing lies that the majority of people are taught to believe. Read more.
“You don’t make money when you buy stocks. You don’t make money when you sell stocks. You make money while you wait.” – Charlie Munger
Most of the time, successful investing is a waiting game. Just as there are poor times to sell your stocks, there are poor times to buy them as well, and sitting on money (cash) while you wait for a better opportunity is often one of the best investing decisions that you can make. Read more.
Nothing can sink a company and all of its investors quite as fast as corrupt companies, corrupt CEOs, or management teams.
You don’t have to look very hard to find examples of CEOs and other executives who sent their companies into a tailspin due to shady deals, ethically questionable behavior, and corporate corruption. Read more.
Though it has had a few jitters lately, the overall strength of current market has been unprecedented, soaring past record after record in its continual upward climb.
However, no matter how strong a bull market is, it must come down eventually, and it is my opinion that a considerable stock market crash could be on the horizon.
Here are 6 reasons why I feel the stock market could be heading for tough times in the not-so-distant future. Read more.
Of the many different investing strategies that a modern-day investor has to choose from, value investing is among the most tried and true of them all.
Let’s dive into what value investing is and how you can use the principles of value investing to drastically grow your wealth over time. Read more.
Figuring out how to invest money in order to effectively set yourself up for future success can sometimes be a real challenge. There’s certainly no shortage of information on investing available in the digital age, however, this glut of information can often be as overwhelming as it is helpful. This post is just for you: Read more.