It is well-documented compound interest is one of the strongest forces known to man, and not too far behind compound interest is momentum. I think one of the factors that keep momentum from receiving more praise is momentum can fade and it requires work to keep it going. Compound interest just works–it doesn’t take much effort to keep it compounding.…
Casey Mullooly: You Invest Against Yourself “The idea of accumulating wealth as a way to keep score against others doesn’t make a ton of sense because not everybody is playing the same game as you. You invest against yourself, and that means you get to define the game and make the rules. Do so under your own terms in a way that…
The other day I posted a gem of a video about how ludicrous we can sound talking about Bitcoin and cryptocurrency, and I mentioned the video could have been CrossFit and it would have applied to me as well. Thanks to @1prcntdecisions I now have a CrossFit themed video to laugh at myself about. Shoutout to JP Sears at Awaken With JP,…
…then how can you laugh at anybody else? This video popped up on my feed a couple of times over the weekend, and I couldn’t help but laugh. I’ve had many conversations about Bitcoin and cryptocurrency, and while I don’t sound like the guy in this video, I’m sure I’ve sounded like I belong to a cult to some people.…
Morgan Housel via Collaborative Wealth: The Greatest Story Ever Told–it’s long but well worth the time. A must read!! Brendan Mullooly: Investors Are Like Gardners, Not Carpenters “As investors, we crave the controlled, certain, and precise nature of the carpenter’s work, but reality hands us the messy gardener’s circumstances instead. Successful investors realize this, and learn to not let perfect become…
I have to confess something…I don’t follow my own advice when it comes to CNBC. I tell clients all of the time to tune out the noise and not to even turn the station on. Yet, it’s streaming all day in my office; granted all but an hour of the day the sound is turned down so I can listen…
Crypto education continues…just paid 38% in fees to test out owning Ripple…tuition paid. What a process! — Justin Castelli (@jus10castelli) December 18, 2017 Worried my professional identity was beginning to blur the line between a financial advisor and a crypto-crazy, I had planned to take a break from the world of cryptocurrency and Blockchain after cashing in my initial investment and…
The Reformed Broker: A Twist “Right now, there is a very high correlation between the price of Bitcoin and the amount of new accounts being opened on the Coinbase platform. As the new accounts have skyrocketed to north of 13 million or so, the price of a BTC has shot up along with it.” Pragmatic Capitalism: IFGAF > FOMO “Financial…
Since I’ve been vocal about my crypto experiment, I feel I should share I took some gains and am now playing with house money–took out my initial investment for the time being. Not recommending anything, but just trying to be transparent. — Justin Castelli (@jus10castelli) December 13, 2017 Let’s start out with the obvious, this is in no way any…
GQ: Are You Saving Enough Money? “Your money is like a snowball rolling downhill, except in addition to picking up all the snow on the ground, you’re standing next to it throwing, even more, snow (a.k.a. money) onto it, which in turn, adds more snow (a.k.a. compounded interest) from the ground until eventually, it turns into…Warren Buffet.” Of…