Investing for kids: Which accounts and how to do it
One of the most common questions I get is “how do I invest for my child’s future?”. It can be a confusing landscape, so I break it down as simply as possible in this no-nonsense article.
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Job Post: Operations Manager / Website Administrator / Social Media Marketer / Support Specialist
Last updated on December 14th, 2020 by This position has been filled! The details of the post are left here for archival purposes. About the Company Personal Finance Club is a small, but profitable online startup seeking its first part-time employee! Founded in 2019 as a free educational resource with a mission to bring financial […]
SPAXX vs FDIC vs FDRXX – Best Fidelity Core Position?
Last updated on January 19th, 2021 by The quick answer It doesn’t matter because you shouldn’t be holding cash in your Roth IRA anyway. So just pick SPAXX and go on with your life. 😀 Longer explanation If you’re using Fidelity, you might see a button like this: That looks tempting, so you click on […]
Why you didn’t profit from your primary residence
Often I have a conversation like this with one my friends: My friend: My home is killing it. Six years ago I paid $300,000 for it and now it’s worth $380,000! That’s a profit of $80,000!Me: But if you sell it, wouldn’t you have to pay 6% realtor fees off the top?My friend: Well, yeah, […]
HappyYou Conference Slides
You did it! You saw my talk at the free HappyYou conference! If you’re looking for the slides you can download them here.
Three-Fund Portfolio
Last updated on August 16th, 2020 by A three-fund portfolio is a simple way to diversify across the world’s stock and bond markets, and guarantee yourself your fair share of the full world’s market growth. It’s optimal investing with optimal simplicity. What is a three-fund portfolio? A three fund portfolio is an allocation of just […]
The layers of investing: Why “IRA vs Index Funds” doesn’t make sense
I think getting these different “layers” confused is the absolute number one most common confusion in investing. So let’s walk through what happens when you invest.1. You go to a brokerage website (e.g. Vanguard.com)2. You open an account (e.g. a Roth IRA)… now your Roth IRA is with/inside of Vanguard.3. You contribute money to your […]
Primary home vs investment property vs S&P 500
I often discuss how owning your primary home isn’t a great investment. In fact, after you account for property taxes, mortgage interest, maintenance, insurance, and realtor fees, almost every homeowner loses money net of their expenses. While most homeowners do sell the property for more than they bought it for, that just gives the illusion […]
What’s the difference between an index fund and an ETF
I get this question a lot. ETFs and index funds are nearly identical. The equivalent ETF and index fund (as the example above) contains the exact same stocks and performs exactly the same. The only difference is in how you buy and sell them. ETFs trade like stocks. You can buy and sell in realtime […]
Why you shouldn’t invest your down payment for a house
Many of you know I talk about investing and the power of index funds all the time, but today’s post is about when NOT to invest. The power of investing comes from time. When you have a 10+ year horizon the impact of buying and holding index funds can be massive. But over a shorter […]