Rule #1 Finance Blog

how to invest

Smart Investment Strategies Every Investor Should Know

Phil Town

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One of the biggest obstacles holding people back from investing is that they think it is too complicated or too risky, but there are simple and smart investment strategies everyone can learn.

And by making smart investments based on research, even beginner investors can greatly reduce the risk of investing.

How To Avoid Capital Gains Tax

Phil Town

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If you’ve ever bought and sold a rental property, a stock, or any investment, you were likely charged capital gains tax, whether you know it or not. 

Capital gains tax gets a pretty bad rap, and rightfully so. This tax can take a huge cut of your profits from investments. 

I’ll show you how it works, why it can be disadvantageous for investors, and how to avoid capital gains tax to a certain extent. That’s right, there are strategies you can follow that can greatly reduce the taxes you pay on your profits so you can keep more of your money.  

When you invest the Rule #1 way, you can easily avoid capital gains tax. Here’s how.  

What is a Tech Bubble? And How to Tell if We’re in One

Phil Town

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Posted in how to invest

Don’t burst your bubble! Understanding if we are in a tech bubble can be tricky. Find the signs of a tech bubble and be prepared for when the bubble bursts.

Stock Market Crashes in History (and Predictions for 2021)

Phil Town

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You’ve probably heard before that those who do not learn from history are doomed to repeat it.

This saying holds true for many things, including investing.

My Biggest Stock Market Mistakes (And How to Avoid Them)

Phil Town

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Over the years, I have been blessed with an incredible amount of investing success – so much so that I was able to turn my meager income as a river guide into an investing empire. However, even the most successful investors’ journies are still fraught with errors and investing mistakes, and my journey is certainly no exception.

Nevertheless, as painful as these investing mistakes were at the time, I have learned a lot from them and have used them to become a better investor.

How The Stock Market Affects the Economy

Phil Town

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The stock market health is a good indicator of how the overall economy is doing, which is why it is often used interchangeably with the economy—but these two are not one and the same. To clear up the confusion, I’ll answer the question: how does the stock market affect the economy?

Will There Be a Recession in 2020?

Phil Town

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With the current stock market at an all high, one of the biggest question on everyone’s mind is, “Will there be a recession in 2020?”

The stock market keeps on hitting new record highs. It has literally never been higher than it is now, but of course, it won’t stay that way forever.

The market runs in cycles. It goes up, it goes down.

We can’t tell EXACTLY when the market will hit bottom again, but by looking at market cycles, we can get a rough idea of whether for not a recession with happening in 2020.

My Favorite Investing Resources That I Check Every Day

Phil Town

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One of the best things about living in the digital age is the fact that almost everyone has an unlimited source of information available at all times.

The internet has been a game-changer for investing resources, enabling people like you and me, to learn everything there is to know about investing all without ever leaving their house.

Money Traps to Avoid in Your 50’s

Phil Town

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Every phase of life has its own set of things that you should avoid.

If you’re in your 50s and nearing retirement avoiding these money traps is especially important. The last thing you want to do is trip now when you are so close to the finish line.

With that said, let’s talk about money traps to avoid in your 50s.

Investing Expectations Vs. Reality

Phil Town

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Few people in the world TRULY understand investing. This means that there are a lot of misconceptions about it that have been perpetuated for a long time and cause a distance between investing expectations and reality.