While I think about money and investing every day, it's rare that I have an epiphany. But last week I had one.On Friday, something crazy happened to my investment portfolio. I hold 931 shares of Meta (Facebook) and the stock had its best day ever. It was actually the best day ever for any stock. Ever. The shares rose 20% from $394.78 to $474.99. This $80.21 increase … [Read more...] about An Index Fund In Reverse (Facebook Insanity!)
index funds
How I Hired The Best People In The World To Make Me Rich
If you own a business, you know how hard it is to hire good people. Heck, it's difficult to hire someone to mow your lawn these days. The labor market is tight. Good humans are hard to find. With that in mind, I'm going to tell you something amazing.I have some of the brightest minds in the world working for me today.And my manager role is almost completely passive. … [Read more...] about How I Hired The Best People In The World To Make Me Rich
Stock Picking Experiment: Year 3 Update
In December of 2017, Dividend Growth Investor (DGI) asked me if I'd like to duplicate the famous Warren Buffett bet. For those unfamiliar, in 2008 Buffett famously challenged the hedge fund industry:Can you beat the S&P 500 over a 10 year period?Only one hedge fund accepted the bet and didn't do well. Buffett, and more importantly index investors, won.But, I'm a … [Read more...] about Stock Picking Experiment: Year 3 Update
Money Withdrawal Strategies (Keeping The Tax Man Away)
Money is a precious resource that must not be wasted. It isn't easy to collect those dollars, so they should be saved, invested, and spent with maximum efficiency and thoughtfulness. Between investing and spending comes withdrawals. Since most of us have money tied up in multiple accounts, it makes sense to take money out strategically so your tax bill is minimized.UPDATE: … [Read more...] about Money Withdrawal Strategies (Keeping The Tax Man Away)