I started investing about 11 years ago, and my wife started more recently, in 2017. Though we started investing at different times and at different ages, we both made a lot of mistakes in our first year. Amateur investors often end up losing money when they first enter the market, either because they are overconfident, … Continue reading Amateur Investing Mistakes To Learn From
Ever since we started this blog, I have been tirelessly promoting the importance of wealth management at an early age among our friend circle. However, whenever I mentioned the stock market to my immigrant friends, I often received an interesting reaction--they either assume that investing can wait till they are more established or profess complete … Continue reading How Do Immigrants Invest? The Financial Decisions of Immigrant Households
While it is very difficult to accurately predict the stock market, as discussed in my article "Should You Wait To Buy The Dip? Why This Strategy May Cost You," investor confidence can be used as an indicator to assess how the market may move. If investors are confident in the market, then people are more … Continue reading How Do Investors Feel About The Stock Market For 2021?
I keep hearing people say that putting money into the stock market now, when it's hitting new highs practically every day, is a bad idea, and that you should instead wait for the next dip or crash to invest. This seems sensible on its face. Why buy overvalued stocks now when you could theoretically buy … Continue reading Should You Wait To Buy The Dip? Why This Strategy May Cost You
I was recently attempting to determine the best time to sell some of my stocks based on capital gains tax rates. I knew that you generally want to wait to sell until after holding for at least one year to take advantage of lower tax rates for long-term capital gains, but I was unsure how … Continue reading How To Calculate Taxes On Stock Capital Gains With Examples
I recently read an interesting study in The Journal of Finance titled "Who Wears the Pants? Gender Identity Norms and Intra-Household Financial Decision Making" by Da Ke. Ke examined microdata from the Annual Social and Economic Supplement (ASEC) of the Current Population Survey (1988-2018), the 5% sample of the decennial census (1980-2000) pooled with the … Continue reading Ignorant Husbands Prevent Smart Wives From Owning Stocks, Study Claims
I recently saw an ad on Facebook that was something to the effect of "How to be a millionaire by age 40." When I clicked to read the article, the advice given was basically to get a really high paying job at a very young age and start investing right away. While this would certainly … Continue reading Can You Be A Millionaire By 40 With Just An Average Salary?
Investing your money is a great way to grow your nest egg, but it can be challenging for beginners. Investing is inherently risky. If you invest poorly or are unlucky, you could end up losing your money. However, if you are disciplined and invest for the long term, you are likely to generate a substantial … Continue reading Why Emotions And Investing Don’t Mix
It's commonly said that gold is a safe-haven investment that can protect your portfolio from financial uncertainty. I have often heard that when the stock market falls, people turn to gold as a safer choice for their money. But is that really true? How is gold correlated with other assets, including stocks, bonds, and real … Continue reading What Assets Are Correlated With Gold?
With the stock market at record highs, a pandemic ravaging our country, and a violent mob attempting to overthrow the government, it's only a matter of time before the stock market takes a dive. Although it's unpleasant to see your investments lose value, this is not something to fear. The market goes up and down … Continue reading How To Prepare For A Market Downturn