JL Collins, author of the Simple Path to Wealth, presents: A Guided Meditation for When the Stock Market is Dropping. Breath. In. Out. In. And out. Name the fear. Fear is the mindkiller. Fear is the little-death that brings total obliteration to my investments. I will face my fear. I will permit it to pass … Read more
What if the market drops? What if I miss the rally? Relax. You don’t need to get this exactly right. Little, automatic, diversified investments, at a low-cost, in a simple portfolio will perform well over time. You don’t need to be the best investor or even a great investor. You just need to avoid being … Read more
The stock market, or share market, is a chaotic system. It is impossible to predict what will happen in the next day, month, quarter, year, or even decade based on prior data. Because the actors in the system Chaotic systems are deterministic, nonlinear dynamic systems that exhibit extreme sensitivity to initial conditions, making long-term prediction … Read more
Foreign investment funds are a complicated feature of investing while living and paying tax in New Zealand.
If you’re paying Milford Funds or Fisher Funds 1.4% per year, that’s $1,400 for every $100,000 invested. Every year. For the rest of your life. That adds up quick. That’s one reason I started Simple Money. When fund fees are shown to the average consumer, suddenly it makes sense to pay $1,000, or $2,000 or … Read more
Sahil Bloom’s new book The Five Types of Wealth explores the idea that besides the commonly thought of idea of financial wealth, there are 4 other categories of wealth we should be thinking about. You could be very financially wealthy and yet be impoverished in one or more of the other categories. You see this … Read more