Those readers who’ve been around this blog for a while know that I rarely take a break from regularly scheduled programming. In other words, I happen to be one of those (boring?) folks who like to stick to a schedule. Thus, when I do […]
If I am to be perfectly honest, Easter Friday found me in a slightly disoriented state. I am no stranger to hard work, but even by those standards, the past weeks have been more than intense. The investment banking world is on absolute fire. […]
The biggest refrain you hear from people who think you can beat the stock market goes as follows:
“By definition, 50% of investors do better than the market and the other 50% do worse. Surely it cannot be so hard to be in the first group.” […]
Halfway through last year, I published a detailed guide on how to build wealth in your 40s.
The reader reaction was nothing short of overwhelming.
Numerous folks reached out to thank me for addressing an often-overlooked topic.
For some reason […]
Fifteen or so years ago, I decided to burnish my educational credentials with an accounting designation.
Having survived the initial set of grueling exams, I was admitted to a year-long “professional development” program.
Sadly, that meant that once a month, I had to spend an entire weekend holed up in a nondescript conference room with a bunch of other accounting conscripts. […]
“How to build wealth” is one of the top search strings that lands readers on this blog.
Now, wealth is a fluid term.
But let’s say you are gunning for the conventional definition of wealth, which means a seven-figure plus net worth. […]
Welcome to the weekend! Over the past few months, my trusted Yahoo stock app has been playing visual tricks on me. More than once, I had to do a double take to confirm that my eyes weren’t (prematurely) giving up on me. But no, […]
Dealing with money inevitably fuses math and emotions.
Sadly, we often fail at both.
Theoretically, math should be the more straightforward component of the two. You are either good at it or not. […]
The period between 1999 and 2009 will likely go down as the “decade of pain” for US large-cap investors.
The S&P 500 followed the roaring 90s with a nasty, -2% annualized return over the subsequent ten years.
And yes, that does include reinvestment of dividends. […]
Are you looking for advice on how to build wealth in your 30s?
Not too long ago, I updated the blueprint on how to build wealth in your 20s.
When I first wrote that post, it was partially intended as a letter to my younger self, outlining all the things […]
Struggling with money? Join the club. As a personal finance blogger with nearly two years of writing and almost two decades of investing experience under my belt, I would expect to have it all figured out by now. The reality is, I am just […]
Time flies. Six weeks ago, things couldn’t look gloomier. Post-Christmas hangover, exacerbated by the lockdown. An impossibly long road ahead to sunnier weather and a vaccinated population. And yet, as I look back at this year’s inaugural edition of Greatest Hits, I am pleased […]
There are four key levers that determine how wealthy you will ultimately get. The most obvious one is how much money you make. However, as this guy has shown, that’s just the starting point. If you want to build wealth, you’ve also got to […]
And then, there were four.
Four investment bankers, all up for a promotion to the next level. Not quite the coveted managing director title yet, but nonetheless a big step […]
Every year, without exception, I see the exact same situation playing out at work.
Bright, motivated, and hard-working guys and girls begin their careers as investment banking analysts.
Almost immediately, the most ambitious and foresightful of the bunch […]
Debating the merits of active vs passive investing has got to be one of the favourite – and entertaining – pastimes in the FIRE community. Clearly, the default stance is that passive beats active by a stretch. At the same time, take a closer […]
To kick off today’s post, let me tell you a little story. The story is about a good friend of mine from the MBA days. To preserve confidentiality, we can call him Mike. Today, however, I will call him the Frustrated Consultant. With that […]
Regular readers of this blog will notice that today’s post is a day late. No, the intention was not to turn it into Valentine’s day present (though I am sure it’s a nice touch). The real explanation is far more prosaic – I’ve spent […]
The other day, I had a call from my relationship banker across the pond. Now, I have no idea why I have a relationship banker. I’m far, far away from meeting the definition of an ultra-high-net-worth individual, for whom such niceties are usually reserved. […]
If you want to embark on a thankless affair, look no further than the pursuit of financial independence. There are a million constantly moving pieces being debated in the personal finance community. Persistent calls to “index and chill”. Heated discussions about safe withdrawal rates. […]
Sometimes it seems there is nothing but obstacles on your road to financial independence. Stagnating pay, high taxes, the ever-increasing cost of living, stock market downturns. Take your pick – all of these… […]
A few weeks ago, I sat down on a Saturday afternoon to write a post about the top investing mistakes people make on their journeys. Now, I am not talking about active investing, trying to time the market, or even join that exclusive club […]
Over the past few weeks, a strangely coordinated affair played out across investment banks around the world. At the surface, it manifested itself in short, ten-minute conversations – all revolving around a single number. A number that is, at least theoretically, supposed to reflect […]
Welcome to the weekend. Let me kick off today’s edition of Greatest Hits with a little story. A long, long time ago, I had a little conundrum on my hands. To be precise, I had to find a way to pay for college. As […]
It’s going to happen. It could happen tomorrow – or many years from now. Perhaps it’s a sharp drawdown – or a painfully long journey that resembles death by a thousand cuts. It could end quickly, like the March 2020 or the October 1987 […]
Earlier this month, I set out to cross off a few items on my 2021 money agenda. As part of that (somewhat boring) exercise, I had to transfer roughly £150k from my wife’s workplace pension into Hargreaves Lansdown. Alongside Vanguard, Hargreaves is one of […]
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