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June 18 · Issue #33 · View online
Personal Finance & Financial Independence
3(ish) Articles, Curated Daily
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Investing in the stock market often gets compared to gambling in a casino. As we all know, when it comes to gambling, the house always wins. Those massive casinos in Vegas didn’t get built because their owners lose money at blackjack. So, should the same attitude be applied to the stock market. I’ll say both yes and no. The market does always win and if you approach your investments without a strategy, you will always lose. But, just because the market wins, doesn’t mean you have to lose. In fact, today it’s easier than ever to BECOME the market. If you don’t want to become an active investor (and I certainly don’t), become the house and buy the market via low cost index funds.
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Who is the house?
If indexers and passive fund holders own a huge amount of the market, maybe they benefit abstractly from the increase in activity in the form of eventual price discovery? The passive shareholder nets the end result of the all the buyers and all the sellers competing all day?
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The Cost in Wealth of Revolving Credit Card Debt | BEYOND PENNIES
Revolving credit card debt is a common problem for people across all income ranges. Those who have ample income and can easily meet their minimum payments often don’t think twice about what its really costing them in wealth.
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Not All Income Is Created Equal
Learning that one dollar can actually be worth less than another, simply based on how it comes in, completely re-shaped how I spend my time and energy.
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