The Intelligent Investor In today’s post, I will summarize and discuss the top takeaways from the book, “The Intelligent Investor” by Benjamin Graham. Warren Buffet, one of the most successful investors the world has ever known has this to say about the book. The best book on investing, ever written. Warren Buffet Investment vs. Speculation Graham defines investment as: One
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If you have been keeping track of the stock market’s volatility lately, like most investors, you’ll probably want to take a peek your portfolio, asset allocation, and performance. Particularly, if you’re a fan of the three-fund portfolio, you’d wanted to know how it’s performing and make sure that you have the ideal asset allocation. I recently finished listening to The
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You may already own a car, and know somewhat the costs associated with car ownership. But have you ever asked yourself this question: how much car can I afford? In this post, I’ll discuss the 20/4/10 rule and how it applies to the process of buying a car. If you can afford to buy a car with cash that’s the
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What is the 50/30/20 rule budgeting rule One of the most important things in personal finance is to get intimate with your expenses and have a budget in place. And one of the simplest budgeting rules of thumb is the 50/30/20 system. Senator and Democratic presidential candidate Elizabeth Warren coined the 50/30/30 rule in her book “All Your Worth: The
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What is the true cost of car ownership? Believe it or not, owning a car is expensive. You probably already know that but do you know what’s the real cost of car ownership? An article from MSN shed light on the average cost of a car. Car gurus estimate the average cost to operate and maintain a car is $9,576
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Continuing with my book review series, in this post I will summarize and showcase the top 5 lessons from The Richest Man in Babylon by George S. Clason. It’s true that money principles derived thousands of years ago can still be relevant and applicable today. Let’s dive into the top 5 takeaways from this book. Richest Man in Babylon Lesson
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I have to confess, I have to Google the routing number to Wells Fargo every time I needed it. I have been with Wells Fargo since 2002 so that’s a lot of Googling! That is why I am creating this post for my own reference and you’re welcome to use it as well. History of Wells Fargo Wells Fargo is
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Ever wonder how financially literate you are? Take the financial literacy test here and find out! The quiz is from The National Financial Capability Study (NFCS) is a project of the FINRA Investor Education Foundation (FINRA Foundation). For your convenience, here are the questions: Financial Literacy Test: Question 1. Suppose you have $100 in a savings account earning 2 percent
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How does your 401k balance compare to your peers? Tax advantage plans like 401k and Roth IRA are one of the simplest and best ways to invest for your retirement. Do you wish to know how much you need to contribute? What is a 401k? A 401k is an employer-sponsored retirement plan. Employees can automatically deduct a portion of their
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