Rule #1 Finance Blog

With Investor Phil Town

Will There Be a Recession in 2020?

Phil Town

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Posted in investing news and tips

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.

Read more.

When Should You Sell a Stock?

Phil Town

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Posted in investing news and tips

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.

The Best Way to Invest $10,000 in 2021

Phil Town

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Posted in investing news and tips

If you’ve got $10,000 to invest, you’re off to a great start. $10,000 is much more than many of the world’s richest investors started out with, including Warren Buffett. Read more.

My Favorite Investing Resources That I Check Every Day

Phil Town

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Posted in investing news and tips

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.

7 Financial Goals to Set in 2021

Phil Town

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Posted in investing news and tips

In order to achieve your financial goals, you first have to set them. Setting goals is proven to be an essential factor in finding success, and this is something that applies to all aspects of life. Read more.

Money Traps to Avoid in Your 50’s

Phil Town

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Posted in investing news and tips

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.

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5 Step Money Challenge to Prepare for 2021

Phil Town

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Posted in investing news and tips

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…

Are You Ready to Commit to Saving and Investing?

Get Your Finances on Track with my 14-Day Financially Fit Challenge

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3 Millionaire Lifestyle Myths Debunked

Phil Town

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Posted in investing news and tips

What comes to mind when you think of a millionaire?

If you’re like most people, you probably think fancy cars, an elaborate mansion, and a frivolous, over-the-top lifestyle.

In reality, the real lives of most millionaires are much different than our stereotypes would suggest.

Let’s clear up some of these misconceptions and a look at some of the most common millionaire lifestyle myths to uncover what the life of the typical millionaire is really like.

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The Best Investors in the World and What You Can Learn From Them

Phil Town

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Posted in investing news and tips

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Investing Expectations Vs. Reality

Phil Town

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Posted in investing news and tips

Few people in the world TRULY understand investing. This means that there are a lot of misconceptions about it that have been perpetuated for a long time and cause a distance between investing expectations and reality. Read more.