Having some cash aside is never a bad idea. It makes sure you can pay the bills and maybe cover some unexpected costs. Having a lot of cash, however, might not be such a good idea. Interest rates have become so low that they don’t cover the cost of inflation anymore.
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. ~ Sam ewing
Let’s find out why investing is the best option and how to do it.
Continue reading “How to start investing: Step by step guide”
Being a successful investor is often considered as beating the overall market return. But what if you are happy with the market return? What if you don’t want to dedicate your free time to reading financial reports, CEO letters and want to avoid risk as much as possible?
If so, investing in an index fund might be the thing for you. Hang on, I will cover everything you need to know.
” By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.” ~ Warren Buffett
Continue reading “Successful with passive investing”