Sunday, June 17, 2018

My New Perspective on Personal Belongings

I was scanning the Internet for some used skis/boots/poles for the kids and came across a estate auction site.  I was shocked to see the low current bid prices on items such as hand made Persian rugs.  The bids were as low as $1, although there was still 2 days left to bid.

So I have concluded that almost everything I own is depreciating and will be worth almost nothing if I sell them.  Very disappointing, but probably will lead me to think differently about how I spend my money on material things: Maybe owning stuff is not such a good idea....

For more on New Beginnings, check back every Sunday for a new segment.

This is not financial or investment advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Friday, June 15, 2018

A Potential Last Hurrah Retirement Job

Recently, I was thinking that a great last hurrah, short term,  retirement job would be to work for the President of the United States.  Then I saw this article that the Trump Administration is having a job fair.  So I might apply for a position.

I'm not looking for anything long term, so this may be a perfect fit :-)

For more on  Reaping the Rewards , check back every Friday for a new segment.

This is not financial or job  advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Tuesday, June 12, 2018

Doubling Income is Life Changing

In his book Factfulness, Hans Rosling makes the point that for people in Level 1 of extreme poverty (living on less than $1 per day) a dollar, an increase in income is life changing, noting that a $1 increase income per day would make little difference to people in Level 3 and 4, the upper half.   However, he did comment that a doubling of income for people in these level's would also be life changing.

His comment got me thinking that maybe I need to revise my financial goals to doubling my income over a specific time, say every 10 years on average.  So after 30 years, I would have 8 times my starting income. 

This approach may cause me to rethink our investment strategies.

For more on Ideas You Can Use, check back every  Tuesday for a new segment.

This is not financial or investment advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Sunday, June 10, 2018

Investing in a Coccoonng Theme

It seems to me that businesses that enable people to get things done without leaving home are doing very well.  Examples include:  Amazon (shopping); Facebook, and Twitter (Social Connections); Grubhub (eating out); and Netflix (entertainment).    I may start an account devoted to this theme and invest accordingly.

Disclosure:  We have positions in Amazon, Facebook, Grubhub and Netflix at the time of this posting.


For more on New Beginnings, check back every  Sunday for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

My Latest Reading

Factfulness by Hans Gosling is a book everyone should read, especially those with liberal or conservative viewpoints.  The basic theme is the world is better than we think it is and our cognitive biases make us think it is worse. 

I read it because it was the one book Bill Gates recommends to read in 2018.    It is causing me to rethink some of my investing view points.




Disclosure: No compensation was received for writing this post.   This receives compensation if a purchase is made via an Amazon link on this site.

For more on  New Beginnings, check back every Sunday for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Thursday, June 07, 2018

A Success Sequence

When I was growing up, my parents, especially my mom, emphasized going to college, getting a good job and getting married before having kids.  Recently, I read that doing it in this order is has been called a success sequence, based on research by the Brookings Institute.

Actually, the Brookings Institute study specified graduating from high school, so I guess my parents were a little ahead of their time.

Anyway, I hope to instill the same sequence in the minds of our kids.  While, it does not guarantee success, it sure does improve the probability.

For more on Crossing Generations, check back every Thursday for a new segment.

This is not financial or parentingadvice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Wednesday, May 16, 2018

Taking Advantage of Volatility

"Buy the dips, sell the rips." ~ Wall Street Adage

With the current volatility, I have started buying additional shares of my core holdings to trade.  To note, I am not selling my core holding, which I plan to hold through the volatility.

So when one of my holdings dips, I buy an additional small position.   When it rises approximately 10%, I sell the small position.  Then I wait for it to dip again.   With multiple holdings, I can rotate as different sectors dip at different times. 

Normally, the cost of transactions would prevent me from making small trades of around $100-$200.   However, I was given free trades in two of my brokerage accounts, which allow me to make the small trades commission free.  Thus, my small profit is not eliminated by the commission charge.

I expect the market will continue to be volatile the rest of 2018, allowing me to "buy the dips, and sell the rips" with small trades.

For more on The Practice of Personal Finance, check back every Wednesday  for a new segment.

This is not financial or investment advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Tuesday, May 15, 2018

Some Contrarian Scenarios

Here are my contrarian thoughts about the economy for the rest of 2018:

  • Oil will go over $90/bbl.
  • Interest rates will rise slower than expected.
  • Inflation will continue to be low.
  • Republicans will maintain a majority in Congress
If these scenarios happen, oil stocks, dividend stocks, and REITs should do well and our retirement investments should benefit.   

Disclosure:  We currently hold oil stocks, dividend stocks and REITs in our portfolios.


For more on Ideas You Can Use, check back every Tuesday  for a new segment.

This is not financial or investment advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Monday, May 14, 2018

Taking Advantage of Low Tax Rates

With the new tax law, I can keep my tax rate at 12%, until 2025, unless there is a repeal.  I don't believe tax rates can be kept this low after 2025.  So I plan to convert as much of my Traditional IRAs as possible to Roth IRAs while still in the 12% tax bracket.   That way I can reduce my future RMDs, pay a low tax rate, and continue to grow our retirement savings tax free.

Of course, tax laws can be changed.  So I will taking advantage of the lower tax rate in 2018 and all future years.

For more on  Strategies and Plans, check back every Monday for a new segment.

This is not financial, retirement or tax advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC

Sunday, May 13, 2018

$100 Oil?

This CNBC article speculates that $100/bbl oil may happen in the near future.   Who knows, but if it does happen, our investments will benefit.  When oil and oil stocks started falling in 2015, I bought.  When they continued falling in 2016, I bought more.   When oil finally bottomed in 2017, I bought even more. 

It has been a painful journey.  Maybe  I will get some financial benefit from all the pain :-)

For more on  New Beginnings, check back every  Sunday for a new segment.

This is not financial or investment advice. Please consult a professional advisor.

Copyright © 2018 Achievement Catalyst, LLC