“The things you own end up owning you.” - Chuck Palahniuk. I was minimalist. It was very easy and stress-free life. I did own many things but but only after careful planning and I was quick to sell things that didn’t meet my expectations or once I stopped using them. I also used to live well below my means. I felt free because loss of job or any other financial crisis would not affect me much. ...
It’s both intriguing and somewhat disheartening to observe how trading concepts often mirror human behavior. Here’s how: Follow the Trend In the investment world, the saying “past performance does not guarantee future results” is well-known. Despite this warning, many successful trend followers have found that stocks moving up generally continue to do so, and vice versa. Interestingly, this concept applies to humans as well. Those who are happy and kind often continue in the same manner or even improve, while those who are miserable tend to spiral downward. ...
If you don’t give money its purpose, it will end up defining yours. — Read on moretothat.com/money/
The text of Pricing Money, J. D. A Wiseman, Wiley (2001) — Read on www.jdawiseman.com/books/pricing-money/Pricing_Money_JDAWiseman.html
Most Important Papers for Quantitative Traders | Hacker News — Read on news.ycombinator.com/item
We just recently bought a beautiful single family home. Before this, we lived in a townhouse. And before townhouse, I have lived in apartments. Buying a townhouse was a big step but buying single family home is a whole new beast. First, buying a house is probably a sound financial decision. There are plenty of articles and research that shows people who own homes are financially better off. But very few people talk about negatives of homeownership. And I think because lack of that information, a lot of people make incorrect decisions and end up regretting their home purchase. I did. I had huge buyer’s remorse the day we moved into our new home. I am still getting over it. ...
Calculating rough ROI on rentals is easy: For example, let’s say one buys $500,000 single family home and rent it out for $3000 per month. Since it is investment property, they will need to make at least 20% down payment. On $400,000 loan, their monthly payment would be about $2750 at 3.25% interest rate, with $10,000 in property taxes per year and $2000 yearly insurance. ($36,000 - $33,000) / $100,000 = 0.03 or 3% return. ...