Stick to the Plan! Why FOMO Can Kill Your Investment Portfolio

From a Jeff Clark newsletter, where he talks about FOMO (Fear of Missing Out) and what risks it entails to investors. Why FOMO could ruin youBy Jeff ClarkIn 1999, the various conservative mutual funds I recommended they invest in earned 58%. It was far more than we had projected. It was far more than they needed to maintain their standard of living.

But, the Munder NetNet Fund their neighbor invested in – which only bought internet-related stocks – earned three times that amount.

The couple told me they wanted to sell the funds I recommended and put everything into the Munder NetNet Fund.

I reminded them of their long-term goals. I told them that 1999 was an “outlier” year. Just about everything made money. They had made far more money in their conservative funds than we had projected. It wasn’t likely to happen again anytime soon.

And even though I would have profited handsomely on the commission earned by selling their existing funds and buying the Munder NetNet Fund, I told them not t…

Personal Finance in 10 Simple Sentences

I moved #10 to #1, because it is actually the most important.
1. You need a written budget and a written plan for your money 2. Spend less than you earn3. Create an emergency fund immediately 4. There is no tomorrow; start today 5. It's purely on your shoulders 6. The "Joneses" are living a lie 7. Pay off your debt 8. Create multiple sources of income 9. Personal finance is 20% knowledge and 80% behavior 10. Income does not determine your wealth

The State of American Education (and most of these people vote!)


Standard Education Will Give You Standard Results


Year-end Rallies Weakest When Incumbent Republican Has Lost


MBA Student: My Generation Is Blind to the Prosperity Around Us!

Omar, Sanders and AOC have called for dismantling our economic system and replacing it with Socialism.
This article was written by a 26 yr old college student by the name of Alyssa Ahlgren, who's in grad school for her MBA.

“My Generation Is Blind to the Prosperity Around Us! I'm sitting in a small coffee shop near Nokomis (Florida) trying to think of what to write about. I scroll through my newsfeed on my phone looking at the latest headlines of presidential candidates calling for policies to "fix" the so-called injustices of capitalism. I put my phone down and continue to look around.

I see people talking freely, working on their MacBook's and ordering food they get in an instant, seeing cars go by outside, and it dawned on me; we live in the most privileged time in the most prosperous Nation and we've become completely blind to it.

Vehicles, food, technology, freedom to associate with whom we choose. These things are so ingrained in our American way of life we…

Homeowners Associations: Beware, Be Careful

I have put together a series of resources and videos on Homeowners Associations. I focus on Texas, but these laws and procedures are common in many states. I've tried to be "neutral" and not just focus on the negatives of HOAs, as there are some benefits to these organizations. Most of the videos simply deal with your rights as a homeowner. 
Many states have a state agency that regulates or monitors HOAs. However. Texas does not. 
Here are some other resources that might be useful:
Texas HOA Laws and Resources Can you dissolve an HOA in Texas? Texas State Law Library: Property Owners Associations Texas Property Code: Restrictive Covenants Texas HOA Law: 2019 Legislative Update Texas Property Codes Texas Residential Property Owners Protection Act Test
HOA Litigation in Texas (4:00)
He mentions Right of Redemption in reference to foreclosure: The right of redemption, in the law of real property, is the right of a debtor whose real property has been foreclosed upon and sold to reclaim …