Hey Money Wizards, So you’ve decided to pass on becoming one of the 99% of stock traders underperforming the index, and you’ve opted for the time tested, Warren Buffet approved strategy of index fund investing. Unfortunately, there are quite a few options for index funds, and one of the most common questions I get is whether […]
Investing
Should You Trade Individual Stocks?
You can make money trading individual stocks. Phew, I typed that opinion on a personal finance site, and my web page didn’t implode on itself from the incredulity of thousands of personal finance bloggers across the globe. You see, the common line of thinking in the personal finance blogosphere goes something like this: “You can […]
Emergency Funding Like a Pro: Ditching the $800,000 Emergency Fund
A few weeks ago, the financial world couldn’t stop talking about the old fisherman who, for the past 10 years, had secretly held onto a $100 million pearl… under his bed of all places. Although the complete lack of any kind of safe storage for the largest pearl ever discovered would personally make me a […]
You Can’t Get Rich Living in Fear
Well, this week the majority of this site’s writing is coming to you from an actual professional, and not just my usual amateur ramblings. In case you missed it, Business Insider ran a feature story on me! The article includes plenty of juicy details I’ve never discussed on this site, including my yearly salary and […]
The Easy 401K Strategy to Kill Your Tax Bill and Retire a Multi-Millionaire
Last Updated: April 2018 October 21, 2015 marked a huge announcement which I’m sure many Money Wizards were eagerly awaiting. Aside from being the official Back to the Future Day… …the IRS also announced 2016 retirement plan limitations. For those who don’t care to sift through thrilling paragraphs that read like this: The Code provides that the […]
