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Posts Tagged ‘Investing’

Why I’ll never buy gold

January 14, 2013 Leave a comment

Past Gold Prices via Wikipedia

When it comes to investing, I like to keep it simple.  I invest almost exclusively in Vanguard broad index funds with low expense ratios.  It’s statistically proven, and it’s the same advice you’ll get from the other bloggers in the personal finance world.

So why does anyone buy gold as an investment?  With prices over $1600/oz, things are starting to get crazy!  How is this any different from stuffing money in your mattress?  Apparently most of the world disagrees with me, but hear me out.

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My Investing Strategy: Taking the first step

December 19, 2012 1 comment

Meteor_Crater1

As you know, I’ve been able to save quite a bit of money this year.  As my savings account began to grow past my annual spending, I decided it was time to figure out what investing was all about.  I certainly made a few mistakes along the way, but after reading more and more about investing, I am starting to feel comfortable with my strategy.

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What’s your Expense Freedom Day?

December 13, 2012 Leave a comment

Boiler Blast

Tax Freedom Day is a concept used to compare how much of your earnings go to taxes.  Basically, it assumes that everything you earn goes towards taxes 24/7 until you pay your share of taxes, to give you a feeling for how much of your income is used to run the government before you get to spend anything.

For example, if your effective tax rate were 25%, your tax freedom day would be April 1st (exactly 25% of the way through the year).  So then I wondered, how many days are you working just to cover your expenses?  For many people, it may be until December 31st, but it’s a useful exercise to understand the magnitude of each of our expenses. Read more…

Would the market have jumped 23.5% if Romney won?

November 9, 2012 Leave a comment

The Theory

I don’t pretend to know what the stock market will do from day to day, but what I do believe is that no one else does either.  If they did, they’d be rich… so it fell 2.5% yesterday, and some were making that claim that this was because Obama had been elected instead of Romney.  The basic premise is that since Obama is “anti-business”, businesses lost value as soon as he became president.

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Motivated by long term gratification

November 4, 2012 Leave a comment

Hot Chocolate 15K

So today I ran an extremely well organized race called the Hot Chocolate 15K (you get a bunch of chocolate at the end).  It was a great course through downtown Chicago and the weather was 38 degrees and sunny (perfect!).  I enjoy  running long distances because I get a long while alone with my thoughts.  So I got to thinking about my motivation and the motivation of the 40,000 folks around me.  I don’t think I’m motivated by the same things as other people…

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Categories: The Master Plan Tags: ,

The Magic Money Box that doubles your cash every 10 years

October 22, 2012 Leave a comment

How many times have you been told that it’s important to start saving for retirement as soon as you enter the working world?  I had heard this conventional wisdom over and over again, but I never really believed it… that is, until I ran some of the numbers myself.

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Categories: Investing Tags: ,
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