4♣ – Volatility is not Risk
Volatility is not Risk – Risk is the danger that you might lose purchasing power.
Volatility is not Risk – Risk is the danger that you might lose purchasing power.
You need a budget – to make sure that you spend less money than you have.
Gold is not an investment – it’s an insurance and the anti-currency.
Watch out for Red Flags – Turn them into a Bargepole list
Taxes matter – because you can’t spend pre-tax-income.
You need a Financial Plan – to cope with the bumps in the road and to reach your destination.
Don’t invest in IPOs – because you will probably lose money.
You need a Stock Buying Checklist, but you need to make it for yourself.
Costs matter, because every penny counts and a penny saved is a penny earned.
The best time to start is now – the best time to start investing is today, because time in the market beats timing the market.
The Problem / Cash & Debt / Opinion
by Mike Rawson · Published September 8, 2015 · Last modified October 20, 2016
I wish that money had never been invented – a visit to the Tate Gallery in St. Ives sparks a meditation on the utility of money.
by Mike Rawson · Published September 3, 2015 · Last modified January 9, 2020
We look at a white paper from GMO, which analyses sequencing risk during the accumulation phase and recommends dynamic asset allocation.
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What we really want to do is buy businesses that we would be happy to own forever.