updated 16d ago
Just Keep Buying
The 2x Rule works like this: Anytime I want to splurge on something, I have to take the same amount of money and invest it as well. So, if I wanted to buy a $400 pair of dress shoes, I would also have to buy $400 worth of stocks (or other income-producing assets). This makes me re-evaluate how much I really want something because if I am not willin
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David Horne added 1mo ago
why you should invest: To save for your future self. To preserve your money against inflation. To replace your human capital with financial capital.
from Just Keep Buying by Nick Maggiulli
David Horne added 1mo ago
Fund the life you need before you risk it for the life you want.
from Just Keep Buying by Nick Maggiulli
David Horne added 1mo ago
Expected Annual Return = (1 + % Gain Needed to Recover)^(1/Number of Years to Recover) – 1 But since we know that the “% Gain Needed to Recover” is 50%, we can plug in this number and simplify this equation to: Expected Annual Return = (1.5)^(1/Number of Years to Recover) – 1 So, if you think the market recovery will take: 1 year, then your expecte
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David Horne added 1mo ago