Rule #1 Finance Blog
With Investor Phil Town
What is a Tech Bubble? And How to Tell if We’re in One
Don’t burst your bubble! Understanding if we are in a tech bubble can be tricky. Find the signs of a tech bubble and be prepared for when the bubble bursts.
If someone told you that you could make a few hundred dollars, or maybe even a few thousand dollars, a month on top of your regular paycheck, you’d be interested, right?
It seems that everyone these days has a “side hustle,” but this isn’t a new concept. Most financially successful people, if not all, have multiple streams of income.
How to Diversify Your Portfolio the Right Way
Warren Buffett once said, “Diversification is protection against ignorance.”
When you think about it, this quote makes perfect sense. If you diversify too much, you will never be an expert in any one industry or company and could lose sight of how to best manage your investment.
In this instance, ignorance is most certainly not bliss.
Financial Freedom 101: Passive Income and Generating Wealth
Being financially free sounds nice to all of us, doesn’t it? It sounds like a whole lot of stress is gone for good, and having plenty of money in the bank each month. For many of us though, it also sounds too good to be true—But, it isn’t.
Anyone can achieve financial freedom. Yes, this includes you.
Best Ways to Save Money And Improve Your Financial Standing
Saving money can be difficult to commit to, but if you start now, you can set yourself up for the future you’ve always hoped for.
For many people, financial struggles are a direct result of not bringing in enough money.
Will The Stock Market Crash Again?
Is the market going to crash soon?
If you have found yourself asking this question and wondering where we will be in the next few months, or even by the end of this year, you’re not alone. If the COVID-19 pandemic has taught us anything, it’s that there is a lot we can’t control.
But if the stock market does crash, it won’t be the first time. Stock market crashes have occurred throughout history from time to time, and although this may not be a comforting thought, they are always unexpected.
Worrying about when the market will crash won’t help, but learning what to do before, during, and after it occurs will. My goal is to leave you with all the information you need to know if a stock market crash is on the horizon… and it very well could be.
This way, you can take that worry and turn it into productive action that will actually help you handle and even benefit from a stock market crash.
Signs of a Market Crash? Don’t Own These Companies
There’s a lot of fear surrounding stock market crashes, so it’s natural to wonder if we’re on the cusp of a crash and what to do about it.
While you can’t predict the stock market, knowing how to spot the signs of a market crash can help you prepare for an impending downturn.
Before we dive in, I want to be clear: knowing a crash could be coming will only get you so far.
Think about it. If you see the warning signs of a market downfall, but haven’t put in the work to confidently know what you should and shouldn’t be invested in both now, and after the market drops – where does that really leave you?
That’s why in this post I’ll show you not only the warning signs of a market crash approaching, but also what to do about it and how to spot companies that will survive any market volatility.
Let’s dive in.
Stock Market Crashes in History (and My Predictions…)
You’ve probably heard before that those who do not learn from history are doomed to repeat it.
This saying holds true for many things, including investing.
The Rule of 72: Learn How To Double Your Money with Compound Interest
Did I have you at “double your money”?
You can double your investments quickly if you get a great rate of return thanks to the power of compound interest. But, how will you know what rate of return you need to double your money in the next 3, 5, or 10 years? Well, there’s a formula for that and it’s called the Rule of 72.