Ideas on Personal Finance
Happy New Year! I am glad to say goodbye to 2022. What a year it has been for savers and investors. The high inflation was bad for savers, and the market downturn was bad for investors. Almost every type of investment was down. However, 2022 did offer some useful investing lessons. Diversification does not matter, … Read more
Last week, a friend mentioned that he is expecting there will be a recession next year. He said he is saving money to invest when the market goes down. He is probably right – there will be a recession next year. However, waiting for that to start investing is not a good idea. There are … Read more
It is common to see headlines like “Inflation hits multi-decade high” or “Unless your salary goes up 8.5%, you are losing money”. While these headlines grab attention, they may not be relevant to you. Everyone’s inflation rate is different. The overall inflation rate is 8.5%, which is the average for everyone. Your rate could be … Read more
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A few months ago, I had written that the government wanted to cause a recession in order to stop the runaway inflation. Well, now that the government has managed to start a recession, it is worth thinking about what comes next. Why recession? Recessions suck. The economy slows down, job losses increase, and people feel … Read more
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
Twitter is a big waste of time, but occasionally you find something interesting. I recently saw a tweet with a chart from Our World In Data. It shows who people spend their time with as they age. As you can imagine, who we spend time with changes a lot throughout our lives. The chart below … 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