Rule #1 Finance Blog

With Investor Phil Town

[Ask the Experts] Advice for Investing for Beginners

Phil Town

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Posted in how to invest

When it comes to learning how to invest, many people don’t know where to start. To them, the stock market is a risky place where you gamble your money…

This couldn’t be further from the truth.

In fact, the stock market is the single best method someone can use to grow their wealth and retire. Read more.

5 Financial Regrets (And How to Avoid Them)

Phil Town

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Posted in how to invest

Many times in life, regret is unavoidable. When it comes to financial regret though, you really try to avoid it as much as possible.

Regret over money is just the worst… Read more.

How to Feel Confident in Your Investing Choices

Phil Town

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Posted in how to invest

Investing is not something that comes easily to everyone overnight. It’s something that you need to work at in order to feel more confident in.

When it comes to the stock market, investor confidence is very important.

The best thing you can do to become more confident and rational when you invest is to really understand what you’re buying.

Having confidence as an investor helps you to make better decisions when owning a stock over time while allowing you to really understand what is going on at a specific moment in time. Read more.

Investing in IPO Stocks: Everything You Should Know

Phil Town

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Posted in how to invest

2019 is the year of IPOs, with numerous high-profile companies going public in the past few months.

The question on many people’s minds is: are these companies worth the investment?

Let’s talk about what IPO stocks are, some of the most recent IPOs and whether or not you’re missing the boat on buying Lyft, Uber or Snapchat. Read more.

Invest in What You Love

Phil Town

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Posted in how to invest

When it comes to investing, conventional wisdom says to hand your money over to a financial advisor and let them diversify your investments for you. Why think too much about where your money is going if you don’t have to?  But there’s a problem with that mindset: your values matter and you should be investing in what you love.  Read more.

Does an Inverted Yield Curve Mean Recession is Coming?

Phil Town

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Posted in how to invest

If you’ve been paying any attention to the market recently, you’re probably wondering if or when a crash is going to happen. I completely anticipate a pullback soon. We’re in a record-long bull run on the market.

We’re due for a storm…

It almost happened in 2018 but didn’t, it might happen in 2019 or in 2020, but it’s coming. In fact, one of the major indicators of this might be the inverted yield curve. Read more.

How Fear Impacts the Stock Market

Phil Town

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Posted in how to invest

When your retirement savings are on the line, if you’re just starting out, or if you’ve been investing for a long time… you can be seriously impacted by stock market fear when making investment choices.

It’s a fact of life that people are emotional. And for good reason, they want to protect their nest egg.

But…

Emotional people don’t make the best investors. So, we need to figure out how to not let fear impact our investing.

As Warren Buffett said, “If you cannot control your emotions, you cannot control your money.”

Read more.

How to Save $10,000 This Year

Phil Town

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Posted in how to invest

Saving $10,000 in a year may seem like a pretty hefty goal, but it’s a lot easier than it sounds…

I’m not talking about saving pennies through couponing, skipping your lattes, or eating ramen every night either. Read more.

How to Find & Choose the Best Investments for You

Phil Town

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Posted in how to invest

No matter how much investing experience you have or how much money you have to invest, succeeding in investing ultimately comes down to finding the best investments that work for you. Read more.

6 Money Traps to Avoid in Your 40s

Phil Town

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Posted in how to invest

By the time you’ve reached your 40s, you’re probably earning more, saving more, traveling more, and feeling more comfortable…

But, be careful!

You still face the potential to have your cost of living creep up to a level that could cause problems.

Here are six common money traps to avoid in your 40s so you can set yourself up for financial freedom in retirement. Read more.