Society has long conveyed the idea that you have to work well into your prime years to maintain or exceed the same lifestyle you have now. The idea of “work” and telling people your profession may often be portrayed as a status symbol. The same people who work well into their prime years realize that … Continue reading The [Not So] Secret Path To A Million Dollar Portfolio:
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Financial Markets Are The Greatest Equalizer
The pandemic has shed light on humanity’s greatest challenges, with racial tensions being on top of mind. It’s safe to say that America’s shameful history of discrimination against people of color has creeped up once again. As a result of this unfortunate reality, African Americans & Hispanics are also far less represented when it comes … Continue reading Financial Markets Are The Greatest Equalizer
Lessons Learned From Market Rally:
With the blink of an eye, we’ve returned to pre-COVID levels in the stock market. The Nasdaq just hit the 10,000 level - unbelievable stuff, amidst a time of record unemployment & sluggish demand. One important distinction to recognize before we dive deeper into the key takeaways from this market recovery is that at the … Continue reading Lessons Learned From Market Rally:
Managing a Crisis – A Savings Plan
Periods of uncertainty are meant to test our resilience. This time is no different. From a financial perspective, we can choose to emerge stronger by having a solid savings & budgeting plan ready to go or continue business as usual and spend unnecessarily when we really don't need to. These points must be stressed during … Continue reading Managing a Crisis – A Savings Plan
The Race To Fight COVID-19
Big Pharma is on the hunt to find a possible cure for COVID-19. In the near term, the hope is for a successful clinical trial for a drug as opposed to a vaccine, which can take 12-18 months to be administered. Even in a Post-Covid world, these companies have an excellent pipeline for years to … Continue reading The Race To Fight COVID-19
The Enterprise Mindset – Fighting Status Quo
When it comes to investing and generating wealth, I've always stressed a long term view that requires to keep the following things in check. Emotions No investor can be successful if he/she gives in to a market in free fall by selling their positions for a steep loss due to lack of liquidity or panic … Continue reading The Enterprise Mindset – Fighting Status Quo
Trading A Bear Market
For those actively invested, this week has been a roller-coaster ride for your portfolio, for the worse. After a historic 11-year bull market, we now find ourselves in a bear market. A bear market is a 20% decline from a market peak. Black Swan Events:What got us here? We’re in the midst of a coronavirus … Continue reading Trading A Bear Market
How Society Discourages Wealth Accumulation
Our Love For Debt:America’s love for debt knows no bounds... just look around you. Don’t get me wrong and this is not a rant.. but the truth. I love the United States and wouldn’t see myself living anywhere else. However, the way the economic system is structured, it is overly reliant on consumer spending. 70% … Continue reading How Society Discourages Wealth Accumulation
Financial Markets: The Bull and Bear case
If you closely follow US markets, you know that nearly every sector in the economy YTD has notched respectable gains. Financials, Technology, Health care.. you name it, until these past two weeks. A world of easy monetary policy has further strengthened investor optimism and financial markets continue to weather any storm that comes their way- … Continue reading Financial Markets: The Bull and Bear case
Prepare for tomorrow: IRAs
If you remember from my first blog post, I mentioned that knowing your numbers is essential to current and long term financial success. Preparing for your rainy days is no different and after the dismal collapse of savings/retirement accounts during the 2007-2008 recession, it is more important now than ever before to know where your … Continue reading Prepare for tomorrow: IRAs
Investing 101 