Rule #1 Finance Blog

With Investor Phil Town

How to Invest During a Pandemic: COVID-19 and the Stock Market

Phil Town

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Posted in how to invest

The world has never before seen a pandemic like the one we are experiencing right now. During this time there is extreme uncertainty around both the future of the economy as a whole and personal financial situations, but what if I told you that you could learn how to invest during a pandemic—or any market condition—and thrive?

How to Build Generational Wealth and Keep it!

Phil Town

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You have likely thought about generational wealth whether you know it or not. It means wealth for you, your children, your grandkids, their grandkids and so on all the way down generations of family members.

Worrying about our kids is second nature. If you have considered how your own parents provided for you, or have thought about how you will make sure you have enough in the bank to sustain your family after you’re gone, you have mulled over this concept of generational wealth.

With the right planning, you can set up your family business or investment portfolios to bring financial success for hundreds of years.

The Best Way to Make Your Retirement Portfolio Crash-Resilient

Phil Town

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The U.S. economy could slip into a recession at any time, so creating a crash-resilient retirement is more important than ever.

How Do Stock Options Work? A Guide to Options Trading

Phil Town

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Posted in how to invest

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.

Will There Be a Recession in 2020?

Phil Town

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Posted in how to invest

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 stock market works by running 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.

When Should You Sell a Stock?

Phil Town

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Posted in how to invest

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?

The Best Way to Invest $10,000 in 2022

Phil Town

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Posted in how to invest

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.

Still, you can’t just blindly throw your $10,000 into the stock market and expect to do well without knowing how to invest correctly.

If you would like to turn your great start to long-term success, here are a few of the best ways to invest $10,000.

My Favorite Investing Resources That I Check Every Day

Phil Town

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Posted in how to invest

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.

7 Financial Goals to Set in 2022

Phil Town

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Posted in how to invest

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.

Money Traps to Avoid in Your 50’s

Phil Town

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Posted in how to invest

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.