In yesterday’s post, I wrote that doing due diligence on a particular stock is the best risk management strategy. If you can avoid making a bad investment decision from the very beginning, there is no need for further strategy to avoid losses. Stock Equity Due Diligence So how do you perform due diligence on stock…
Month: August 2023
Risk Managing The Stock Market
I recently wrote about one of my favorite real estate investment mentors, Coach Carson and recently ordered his book. I highly recommend the book because it offers insights not just into real estate but the human condition. In Chapter 3 of the book, Coach Carson tells the story of Bob & Karen (minor spoilers) who…
When You Change Jobs, Move Your HSA Account
When most people change jobs they know to take their 401k with them to their new company or roll over that money into an IRA. Whenever I’ve changed jobs I usually roll my 401k money into an IRA that has been accumulating all my 401ks over the years. Recently I left a job where I…
The Best Resources For Real Estate Investment Rentals
Personal Finance is an adventure for everybody and over the years, I’ve accumulated a long list of useful websites, favorite YouTubers and other resources but today I want to focus on three that I think have been the most beneficial to me over the past couple of years. With mortgage interest rates approaching 8% we…
How Much Money I Save Working From Home
The last three jobs I’ve had the opportunity to work from home. I have had, on occasion, travel to the office for certain events or activities but for the most part, I work home nearly 99% of the time. So let me go through the list of money I save now by working from home:…
Cash Is King!
Forget bank Certificate of Deposits and forget about leaving your money in a checking or savings account. Everyone I know and their dog is buying US Bonds right now and with juicy yields of 5.38 percent for 1 month T-Bill to 5.36 percent for 1 year T-Bill but the going rate for 2 year Notes…
Mortgage Rates At 21 Year Highs, Wait Till They Go Higher Before You Buy!
I am in the market for a new home but the home is not for me, it’s for one of my kids. My kid has been renting for the past two years and it pains me to see him throw money away each month. What I mean by “throw away” is that he isn’t building…
How To Get Rid of Student Loans
There is a secret toolbox that exists in the sagacious financial mind and one of those tools is a little something I like to call debt laundering. What is debt laundering? Debt laundering is the process of taking bad debt (like student loans) and exchanging it for good debt (like credit card debt). I know…
The Great Debate: Spend Less or Earn More?
Back in the heyday of personal finance blogs there was a great debate that stormed through the pf blogosphere and that was the debate over whether one should spend less than they earn or earn more than they spend. Spend Less Than You Earn The philosophy of spend less than you earn was to essentially…
Will Zelle Kill Credit Cards?
I love credit cards and I don’t ever carry a balance. I have 0% balance transfer credit cards in which I take the credit card banks money at zero percent and invest it in high yielding CDs or bonds making 5% or more. I have airline credit cards that rack up miles so I can…