Rule #1 Finance Blog
With Investor Phil Town
The U.S. economy could slip into a recession at any time, so creating a crash-resilient retirement is more important than ever. Read more.
Did you know that Warren Buffett trades stock options?
You don’t have to be an options trader to be a Rule #1 investor, but the right kinds of options trades fit in beautifully with Rule #1 strategies and can increase your portfolio’s returns.
Options trading, done right, can even reduce the risk of owning stocks.
One of the biggest obstacles I hear holding people back from investing is that they think it is too complicated or risky, but if you know smart investment practices it really makes the whole process a lot simpler.
With the current stock market at an all high, one of the biggest question on everyone’s mind is, “Will there be a recession in 2020?”
The stock market keeps on hitting new record highs. It has literally never been higher than it is now, but of course, it won’t stay that way forever.
The market runs in cycles. It goes up, it goes down.
We can’t tell EXACTLY when the market will hit bottom again, but by looking at market cycles, we can get a rough idea of whether for not a recession with happening in 2020.
Determining when you should sell a stock may seem tricky, but it is actually really simple.
Warren Buffett says that the ideal investment is one that you can hold onto forever, growing your money for as long as you own it.
However, Buffett and every other successful investor also know that there are times when selling a stock is the best path forward. So, the question is when should you sell a stock? Read more.
One of the best things about living in the digital age is the fact that almost everyone has an unlimited source of information available at all times.
The internet has been a game-changer for investing resources, enabling people like you and me, to learn everything there is to know about investing all without ever leaving their house. Read more.
Every phase of life has its own set of things that you should avoid.
If you’re in your 50s and nearing retirement avoiding these money traps is especially important. The last thing you want to do is trip now when you are so close to the finish line.
With that said, let’s talk about money traps to avoid in your 50s.
It’s important that before you actually start investing on your own, that you get your financial house in order. Many people don’t track their spending and many of us haven’t started saving for retirement. There’s always room for improvement when it comes to what we’re doing with our money, which is why I want to give you a financial challenge…