Category: Investing

Cryptocurrency Confusion

Remember the 1850s through 1900, when people travelled west to California, then ultimately to the Klondike to search for gold and strike it rich? Very few of them ended up finding enough gold to make any money. Most of them went bust and had a pretty rough time. This is kind of what is happening right now with cryptocurrencies, and blockchain in particular. There’s a lot of confusion, and there is money to be made, but very carefully. So, let’s break it down a bit.

The Rule of 72

NCIS is a show that’s been on for about 14 years, and the actor Mark Harmon plays a character called Gibbs on the show. Gibbs has all these rules he operates on. There’s Rule 12 where you don’t do this, or Rule 15 where you always do that, and many other rules that he brings up throughout the show. Gibbs’ rules remind me of something in the financial world that helps make life a little simpler: The Rule of 72.

Begin With the End in Mind

There is a famous book that came out in 1989 called The 7 Habits of Highly Effective People by Stephen Covey. The number two habit in the book is “Begin with the end in mind.” It’s an interesting way of looking at life, one we don’t often think of, but as the name of the book suggests, it’s effective.

5 Key Money Issues

Life is full of issues. We worry about our health, family, the economy, the weather, politicians, the government, and so on. I want to look at five issues that successful investors have when it comes to their wealth.

5 Stock Market Truths

Always buy stocks when the market is down. Never buy stocks when the market is down. You’ve probably heard both of these arbitrary truths, but that’s what happens when we have these rules in our head about the stock market that aren’t really based on anything.

Where is the safest place to pull money in a down market?

Jim Ryun was going for the gold in the metric mile at the 1972 Munich Olympics. In his semifinal race, he got tripped up and fell with about two laps to go. He got up and ran valiantly, but he could not catch the leaders and didn’t make the final. He just didn’t have enough time to make up the difference and ultimately didn’t get a shot at the gold.

Investable Collectables?

Remember Beanie Babies back in the 1990s? They started out in the beginning of that decade as loveable, kids’ toys, then turned in to valuable collector’s items where you could trade them for higher and higher prices and make a lot of money. Then suddenly, they bombed. Within a few years, you could buy three for a dollar at the dollar store.

Feeling Confu$ed About Money Decisions?

Amazon founder Jeff Bezos was once asked, “What do you think is going to change in the future?” His response was that change wasn’t what to focus on. Instead, he said, “Ask yourself, ‘What’s likely to stay the same?’”

Is It Safe?

With the recent market correction, many clients are asking us, “Is it safe?” It reminds me of Marathon Man, the classic 1976 movie in which the evil villain (Sir Laurence Olivier) performs dental torture on poor Dustin Hoffman. Throughout the ordeal, Olivier’s character keeps asking Hoffman “Is it safe?” even though Hoffman has no idea why he’s being tortured. With investing, we can’t predict the future, but you don’t have to be in the dark about safety.

The Tricky Dance with Bonds

Do you remember “bearer bonds” from 30 to 50 years ago? Those bonds had actual physical coupons that you could clip and redeem at your bank for cash. Bond coupons were similar to grocery coupons then, and made it easy for people to understand how bonds worked.

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