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The “Art” of Market Timing

The Big Picture

When you get it wrong, it crushes your retirement plans. My own track record at making big calls is pretty damned good, but none of our clients wants me slinging around their retirement monies based on my gut instinct. The dotcom top, the double bottom in Oct 02-March 03; the highs in 2007, the lows 2009. More on this later.

Marketing 296
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Finally, a Stock Market Crash!

Mr. Money Mustache

Even Mr. Money Mustache, as a person who retired 17 years ago, is still in this boat for the simple reason that my retirement income from dividends and hobby businesses is still greater than my annual living expenses (which still hover around $20,000 per year). 3) Okay, but I really am retired and trying to live off my investments now.

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Transcript: Tom Hancock, GMO

The Big Picture

I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. And that a bit of that cult, Dick and Ike are both retired now. And I very much get the sense he has no interest in retiring. Learn math, learn history.

Valuation 130
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Two Years Without Health Insurance (and What I’m Doing Now)

Mr. Money Mustache

So I decided to take some action, by doing the math for myself using a spreadsheet. My past articles and experiences have shown that for many of us, a big hurdle when considering early retirement or self-employment is “what about health insurance”? I felt like I was being squeezed from both ends and it was starting to p**s me off.

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Pain is Part of the Process

The Better Letter

percent (2009). Many – probably most – investors who cash out when negative volatility rears its ugly head will see their chances of investment and retirement success decrease significantly. This is the best thing I read this week (it combines magic, music, mystery, and math); this is the best thing I saw.

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Transcript: Anat Admati

The Big Picture

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing.

Banking 198
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What Might Happen if You Invest $100 in Bitcoin Today?

Good Financial Cents

Bitcoin was created in 2009 by a mysterious figure who goes by the pseudonym Satoshi Nakamoto. When it first launched in 2009, a single bitcoin was only worth a few cents, but at its peak, it was worth around $60,000. But while Nakamoto is known as the currency’s founder, it is not controlled by any single individual.