Tag: personal finance
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The HAWK Token Is Just Another Crypto Scam
A cryptocurrency is nothing more than open-source computer code that practically anyone can copy, make some changes to, and call their own. Anyone with a laptop and some caffeine can create a cryptocurrency. The success of any coin depends on the promoter’s ability to hype the coin and a lot of gullible people willing to…
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The Eternal Pull of the Financial Soothsayers: Trump’s Election and the Predictive Game
in Stock MarketToday, half of market and political predictors are baking in glory, while the other half are retrieving into a dark corner of the internet to find their own spin on why/how they went wrong. The demand for active stock pickers, market pundits, and fund managers has never waned. Though passive funds now hold more U.S.…
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Why Passive Investing Feels Wrong but Is Actually Right for Your Portfolio
in Stock MarketAt one point in my life, I worked as a financial advisor. Supposedly my job was to help people manage their finances, offer advice on investments, and guide them toward financial security. However, it didn’t take long for me to realize that the financial industry was heavily tilted in favor of institutions and advisors—leaving the…
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What would You do with $1,000,000
Have you ever imagined what you would do if you suddenly had one million dollars in your bank account? One of the first milestones in financial achievement is reaching one million dollars. Although inflation has diminished its value over time, it remains a significant sum. It’s not just about the money—it’s about the security, freedom,…
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Interest rates: Variable rate or fix rate?
in Real EstateSeveral years ago, I bought a condo. Interest rates were at record lows. The variable rate was 2.25%, and the fixed rate was 3.25%. Which one would you have chosen? The fixed rate guarantees the same rate for five years, providing peace of mind that the interest rate won’t rise above 3.25%. The variable rate,…
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Are You Insured, Uninsured, Or Self-Insured? Which One Works Best for You?
In a previous blog post, I shared how the movie The Godfather influenced my life. Another film that shaped my thinking is Wall Street (1987) with Michael Douglas. Two lines from the movie are particularly memorable: “There is no nobility in poverty dad, one day you are going to be proud of me.” “The point…