Do you feel wealthy? Almost certainly the booming stock market has people feeling richer than ever, but according to a recent survey by Ameriprise Financial, the vast majority of American millionaires with between $1 and $5 million dollars don’t consider themselves wealthy. Most of the surveyed millionaires consider themselves as having a “middle-class” lifestyle. Only 13% of these millionaires consider themselves “wealthy” or “upper-class”…Read more
Imagine for a moment you owned stock in a very good business… but the stock just did nothing for years. It lagged behind your other investments. Let’s say those shares under-performed the S&P 500 by 2% annually. Would you sell? How long could that investment under-perform before you finally gave-up and decided to sell it?
This is one of the most important investing questions that every investor needs to answer…Read more
If each moment in life has a season, then June was definitely one of the busy seasons. The month just flew by! For starters, Tako Jr. #1 finished kindergarten and I went back to my full-time stay-at-home-dad gig. I decided to take it easy on blogging this summer, so I could spend a lot more time with Tako Jr. #1. So far it’s working out great, and I think he’s having a lot of fun…Read more
Ah, depreciation! It’s a fascinating money topic that doesn’t get nearly enough attention. If you happen to find yourself talking about deprecation … say at a dinner party, you’ll quickly find yourself no-longer being invited to those dinner parties.
Depreciation is about as popular of a conversation subject as say … differential calculus. That is to say, it’s extremely unpopular…Read more
The school year is over and summer is finally here! My oldest son, Tako Jr. #1, just finished his first school year as a kindergartner! I’m amazed at how much kids learn in kindergarten these days. They seem super-smart now! Tako Jr. #1 learned a ton of new stuff — reading, writing, and math. All in just a few short months!
It was an amazing school year…Read more
In days long past, a nap (or a short break) after a leisurely lunch was a commonplace occurrence in many parts of the world. This break was called a ‘siesta’, and was especially common in warm countries — Spain, Italy, Greece, as well as several countries in Latin America. In hot climates, taking a nap in the afternoon was a great way to escape the hottest hours of the day.
Lately though, the practice of taking a siesta has fallen out of favor. (Or at least it’s in decline) The modern world and it’s hyper-connected super-productive workplace has made the siesta a thing of the past…Read more
Investing your hard earned dollars into the stock market is probably the most common way to save for retirement these days, but investing takes plenty of faith (as discussed in a previous post). Market crashes and giant bull markets happen. Black Swan events. Weird stuff happens all the time. Things you wouldn’t expect, and events that defy logic. There’s even times when investing theory and the real world just completely disagree…Read more
Quick question: How much of what you do as an investor is done on faith? The belief that you’ll continue to earn good returns from your favorite asset class. I ask, because even though we happen to be living in an Age of Prosperity, many investors are largely relying on blind faith when investing in the stock market…Read more
It seems like everybody has a side hustle these days. Whether it’s a Youtube channel, flipping goods on Ebay, selling hand-made thingamajigs on Etsy — there’s plenty of ways to make a little extra money on the side. Blogs (like this one) are just one example.
Most people don’t make a ton of money from these side hustles however. You don’t see Etsy many sellers driving Ferrari’s…Read more