Rule #1 Finance Blog

With Investor Phil Town

How to Create an Investment Plan in 5 Steps

Phil Town

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Posted in how to invest

Setting budgets and milestones are great, but these efforts are futile if you don’t create an actual investment plan to help you stay on track. It’s one of the most critical steps to meeting your long-term financial goals.

Warren Buffett once said that “An idiot with a plan can beat a genius without a plan,” and this is especially true in investing.

That’s why today, I want to cover how to create an investment plan in 5 simple steps, so you can kickstart your journey and set yourself up for a financially secure future.

So, let’s get started.

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Investing for Beginners: Get Started Investing with These 10 Steps

Phil Town

5 comments.

Posted in how to invest

Pssst… This blog has been updated!

To bring you the latest investing tips for 2021, this blog has been updated and added to our NEW Ultimate Guide to Investing.

Check out our new playbook to teach you everything you need to know about investing in today’s volatile market.

Learning how to start investing may seem intimidating to beginners.

But you should know:

It’s not as scary as some new investors expect it to be.

In fact:

Opening a brokerage account and adjusting your level of risk to suit your financial goals is one of the easiest ways to prepare for retirement.

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How to Invest in Stocks: A Guide to Stock Market Investments for 2021

Phil Town

0 comments.

Posted in how to invest

Pssst… This blog has been updated!

To bring you the latest investing tips for 2021, this blog has been updated and added to our NEW Ultimate Guide to Investing.

Check out our new playbook to teach you everything you need to know about investing in today’s volatile market.

Investing in stocks is one of the best things you can do to set yourself up financially. It’s a great way to earn a passive income and essential for any inflation-beating retirement plan, in my opinion.

But here’s the catch:

You actually need to understand how to invest in stocks in order to make money. If you don’t approach it with a bit of knowledge and a decent strategy, then you might as well save your money for Vegas.

Now let’s get into it:

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Are Robo-Advisors a Good Idea?

Phil Town

20 comments.

Posted in how to invest

Robo-advisors are one of the hottest topics in the financial advising business right now. 

People are beginning to warm up to the idea of having a computer algorithm manage their money in place of a financial advisor. 

And there are tons of different options out there like Robinhood and Betterment that are becoming increasingly popular – but will these services actually help you make smart investing decisions? 

Let’s break down how robo-advisors work to determine if it’s the best way to manage your financial portfolio.

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15 Types of Investments: What Will Make You the Most Money?

Phil Town

1 comments.

Posted in how to invest

Pssst… This blog has been updated!

To bring you the latest investing tips for 2021, this blog has been updated and added to our NEW Ultimate Guide to Investing.

Check out our new playbook to teach you everything you need to know about investing in today’s volatile market.

If you’re reading this, you’re already thinking like an investor. Wise investors know not to blindly put all their eggs in one basket. Instead, they  become familiar with a few a types of investments and use their knowledge of each to make money in different ways.

Thankfully, there are lots of baskets to choose from.

But you should know:

It’s important to understand all your options as an investor before you actually invest your money and build an investment portfolio.

Of course, every type of investment has its upside and downside. The best types of investments to make for yourself depends on a few things. These include your risk tolerance, level of understanding of certain markets, timeline, and reason for investing.

Among the different types of investments out there, there are probably a few that will work well for you. Let’s explore them all so you can decide what to invest in. 

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5 Types of Investing Strategies: How to Pick the Right One for You

Phil Town

0 comments.

Posted in how to invest

If you’re doing it right, investing in the stock market is much more than picking a few companies, buying a few shares, and hoping for the best.

Smart investors are those that are disciplined and have an investing strategy in place to help guide them as they go along with their investment choices.

Today, I am going to go over five of the most common investing strategies and how to pick the right one for you. After this quick read, you’ll be on your way to growing your wealth and achieving financial freedom.

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Do Election Years Affect the Stock Market?

Phil Town

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Posted in how to invest

One question that always seems to come up in investing circles every four years is the relationship between an election year and the stock market.

Regardless of who is running, election years can have a big impact on the market’s performance – and given that this year’s election is taking place in the midst of a global pandemic, this is all the more true.

Below, we’ll cover everything you need to know about how to invest during election years in order to help you navigate these tricky times.

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Should You Re-Evaluate Your Investments?

Phil Town

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Posted in how to invest

If you invest the Rule #1 way, you have probably made some pretty incredible investments. While you have done your due diligence to pick wonderful companies that you can hold onto for years, if not decades, you’d be remiss not to re-evaluate your investments from time to time.

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My Biggest Stock Market Mistakes (And How to Avoid Them)

Phil Town

0 comments.

Posted in how to invest

Over the years, I have been blessed with an incredible amount of investing success – so much so that I was able to turn my meager income as a river guide into an investing empire. However, even the most successful investors’ journies are still fraught with errors and investing mistakes, and my journey is certainly no exception.

Nevertheless, as painful as these investing mistakes were at the time, I have learned a lot from them and have used them to become a better investor.

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Small Investment Ideas: How to Invest with Little Money

Phil Town

28 comments.

Posted in how to invest

Pssst… This blog has been updated!

To bring you the latest investing tips for 2021, this blog has been updated and added to our NEW Ultimate Guide to Investing.

Check out our new playbook to teach you everything you need to know about investing in today’s volatile market.

While investing has historically been left up to the big guys at big banks managing big money, that’s not the only way to invest today. Investing is accessible to everyone with every size bank account. There are plenty of small investment ideas for as little as $20 or as much as $1000.

Everyone needs to start somewhere. In fact, if you’re just beginning your investing journey, it’s a good practice to start small.

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