Let’s imagine you’re in your early thirties, have no savings, but have recently read my book and now understand that through a disciplined program of saving and investing over the next 20 years, you still have time to secure a comfortable financial future. You’ve...read more
Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. — Fred Schwedread more
The story of a friend who started investing, but didn’t stay the course—illustrating why it’s important to understand that a successful long-term investment journey is very likely to include short-term periods of loss.read more
In Money for Something, we talk about the importance of investing in a diversified portfolio of passive assets that track entire markets because of the overwhelming data that demonstrates that nobody can predict the market. Along those lines, I wanted to give an...read more
New York magazine has an interesting interview with Michael Burry, the autistic head of Scion Asset Management who profited tremendously on credit default swaps leading up to the 2008 financial crisis. In the interview, I appreciated his focus on the role of...read more
A critically important concept to understand is the difference between investing and speculating. Harry Browne defined it best in his book, Fail-Safe Investing: When you invest, you accept whatever return the markets are paying investors in general. When you...read more
We live in an age in which the responsibility for providing for one’s financial needs during retirement mostly lies on the individual. A historically successful approach involves persistent saving and investing according to the fundamentals introduced in my book,...read more
For the past several months, I’ve been experimenting with crowd-sourced real estate (P2RE) investing, having placed investments at RealtyShares, RealtyMogul, Fundrise and Patch of Land. In this article, I outline how I track the performance of these investments using...read more
In my book, Money for Something we discuss how important it is to "stay the course." Most people, however, don't stay the course, and this chart from the J.P. Morgan Guide to the Markets illustrates the astounding consequences. Truly incredible—During the 20 years...read more
The power of compounding interest can be understood through the “rule of 72”—i.e. the number of years it takes to double your money is approximately equal to 72 divided by your rate of return. For example, assuming your invested savings compound at a rate of 7%, you...read more
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