The last few weeks have been tough on investors. Wall Street has been taking it on the chin—thank you, Omicron, thank you, Mr. Inflation, and thank you, Mr. Fed Chairman for signaling that the Fed will soon be raising interest rates. Well, regardless of what’s made investors jittery, stocks have been losing value bigly and …
Continue reading “How I Learned to Stop Worrying and Love the Investing Process”
I suppose there are more kinds of passive investments, but my pedestrian mind can only think of four: real estate, authorship, pensions, and Wall Street. Here’s my take on all four: Real Estate When Mrs. Groovy and I relocated from Long Island to North Carolina in 2006 we dabbled a little bit in real estate. …
Continue reading “Passive Income for the Simple and Unadventurous”
Here is the final installment to our “Stop It” guide: Stop It Rule Five: Stop worrying that the stock market is rigged and invest the bulk of your savings. If you have a brokerage or retirement account with Fidelity you will see that Fidelity provides the annualized returns of a number of benchmarks so you …
Continue reading “The “Stop It” Guide to Personal Finance: Part Five”
Part four of my “Stop It” guide happens to be the linchpin of personal finance. Here it is: Stop It Rule Four: Stop spending more than you earn If you’re living paycheck to paycheck, “Stop it.” Work more or downgrade your lifestyle or do both. The only way to get ahead financially and build wealth …
Continue reading “The “Stop It” Guide to Personal Finance: Part Four”
There’s a difference between functional housing and dream housing. Functional housing provides the bare necessities while dream housing provides all the modern conveniences and wraps them up in a whole lot of class and style. It’s the difference between floors covered with linoleum and floors covered with Brazilian walnut hardwood. Now, to further drive home …
Continue reading “The “Stop It” Guide to Personal Finance: Part Three”