Halloween Strategy

Coincides with sell in may and go away.  The idea is to maximize capital gains by getting out of the market between May-Oct.  Historically those are the most volatile times.

Halloween Strategy - Investopedia

Correction

Corrections are drops in a market index of 5-10%.  Investopedia says 10%, but 5% can still be considered a correction.  Also if you are always waiting to get in after a 10% decline and the index doesn't decline that much, then you are less likely to maximize your gains and miss a good entry point.

Correction - Investopedia

To live a life determined by boss's and paychecks isn't really living a life

Just ask yourself if you want your worth to be determined by anyone else other than yourself.  Also do you want your life to be scheduled around what others want or what you want?

The point of this blog is to make you question these ideas and yourself so that you can really take control of your life.  You don't have to live by the status quo, but you do have to think to live outside the norm. If you continue to read I know you will generate an idea that works for you and can change everything about your future.

How many times have you said I need to make more money?

I have heard that statement time and time again and even said it myself.  The sooner you realize that you don't need more money, you need more assets, the better.

Assets essentially bring in more money without you having to put any extra work in.

You should acquire assets or investments to generate multiple streams of income.  As you add to your investments and they start to grow more rapidly you will produce more money that you didn't have to physically work for.  That money will generate more money if reinvested in your initial investment.

More money will not solve your problems because more expenses usually come with more money.

A persons spending tends to increase when they make more money.

So try to think of growth and sustainability when it comes to your finances.



Wikipedia Asset Definition

People are creatures of habit

Think about it we get up, go to work, drink a coffee, eat lunch, drink another coffee, go home, go to bed, wake up and do it again.

This is just a thought of the day but I encourage you to do something, anything to change it up.  Get yourself thinking differently and change your lifestyle.

Do something you've always wanted to do or go some place you've wanted to go.  Allow yourself the time to think and take a break from the usual day to day.

Think about your assets, can they help you in a time of financial crisis?

This is just a thought, but really think about what you own.  If you were to lose your job today what do you own that would generate income for you so that you could survive or even thrive without that job.

Also what if you retire? Are you living off social security and a 401k/pension?  What can you do to make the most of it?

I ask questions so that people question themselves and the approach they are taking or will take.  Sometimes it's more important to make people think than to share what I want for a day.


So what do you do to generate consistent income or what will you do now that you thought about it?




Reading the book rich dad poor dad inspired this thought.

The purpose of all of my posts

To really understand a subject you must be well versed in that subject.  True, but to really be successful you must know a little information about a lot of different subjects.

I post about more than just finance, because topics like government, taxes, and your health are all important in finance.  With more knowledge comes greater understanding of the industry as a whole, your finances, and your life.

I encourage you to learn about many different industries and ideas so that you can be creative with your life and your investments.

Specializing in only one field or subject can be limiting.  Don't limit your perspective.