49 Years Ago, on 15 August 1971, in an address to the nation, the then US President, Richard Nixon, announces the devaluation of the dollar (which marked the beginning of the end for the Bretton Woods system) and speaks in detail about the measures taken to increase prosperity in the United States. Extracted below part … Read more 49 Years after the Nixon Shock – How is the dollar doing today?
Inflation is a poorly understood phenomenon. It had been around for as long as goods and services have been traded. “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Eving Do you know that $1 in 1970 is worth $6.5 … Read more Making Sence of Your Money
2020 is a tough year, over the past weeks, they are growing cases of COVID-19 worldwide outside China, and then stock markets in turmoil as oil price crashes. Many had been thinking: “Should I sell?” “Will it rebounds?” “What if it goes down more?” In the end, one’s indecision leads to inaction. Here’s something in … Read more The Worst is yet to come!
Not too long ago, Michael Burry began talking of the “Index Fund Bubble” that he believes would burst soon. For those of you asking yourself who Michael Burry is, and why do people listen to him, here is a little background on him. Michael Burry famously called the housing collapse and resulting recession in 2009. … Read more Should You Continue Investing in Index Fund?
Are you wondering why you lack the initiative in affairs of finance? Are you willing to change your financial habits to get on the right financial track? Are you looking for strategies to improve your finances and ways to make more money? Are you looking to remove the shackles of the 9-5 and take control … Read more Becoming an Invested Millennial