Ideas on Personal Finance
This blog has been beating the drum about saving and investing for a while now. However, readers have pointed out several reasons why they do not invest. I also had doubts about investing, and I did not invest for a long time. That was a big mistake because I lost out on all those years … Read more
Do you know who the best investors are? Based on a study by Fidelity, it was found that the people who had the best investment returns were … dead people! When Fidelity analyzed the investment returns on customer accounts, they found out that dead people had higher returns than other customers. Although I have not … Read more
With the stock market down substantially, many financial discussions nowadays focus on what other investment options are available apart from stocks. Stocks vs. Other Assets One can invest in several other assets – bonds, property, gold, cash, commodities, bitcoin, etc. However, are they worth investing in? No one can predict the future, but we can … Read more
For some Finer readers who like to listen to podcasts, one of my articles was featured in the Optimal Finance Daily podcast. Please click here to listen online or click here to listen on the Apple Podcast app or search for “Optimal Finance Daily” in your podcast app (Episode 1,944). For those of us who … Read more
Everyone talks about investing in the next Amazon or Google. However, identifying innovative products and companies is surprisingly difficult. Alexander Bell, inventor of the telephone, tried to sell his invention to Western Union – a big telegraph company. Western Union was not interested and stated, “This telephone has too many shortcomings to be seriously considered … Read more
People prepare for the future based on their past experience. Armies learn from the last war and use that knowledge to plan for the next war. However, by the time the next war comes along, things have inevitably changed. So the strategies from the last war do not work. The most famous example is the … Read more
It may seem strange that the government and federal reserve want to purposefully cause a recession. During a recession, the economy shrinks, companies lay off workers, and things get miserable all around. So why then would they want to start a recession? In a previous article, I talked about what was causing inflation last year. … Read more
The ups and downs of the stock market affect all of us. Even if you don’t buy or sell stocks, you still own stocks through your retirement accounts (like 401K). I had written earlier about why one should not panic during a market downturn. However, as the market continues to go down further, it isn’t … Read more
A house is the biggest purchase people make in their lifetime. From a financial perspective, a house is a terrible investment (one should instead rent). But there are non-financial reasons that make buying a home worthwhile. Why buying a house is the worst investment? If you list out all the criteria you would want from … Read more
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When I started investing, I made the common beginner’s mistake – I started by buying and selling stocks. Over the years, I have learned that buying stocks / mutual funds / real estate / etc., should be the last step in investing. Below, I have highlighted three steps to take before investing. Hopefully, it will … Read more