Finance and Career

Yearly Archives: 2014

Billionaire Ray Dalio Reveals His 5 Tips for Making Money From the Stock Market


Everyone knows who Warren Buffett is, even those who do not invest a dime in the stock market.  However, not too many people outside of the investment and business world know the name Ray Dalio.  But they should, he is a hedge fund manager that manages over $100 billion in assets and is one of the most successful investors of all time.  His personal net worth is (at the time of this writing) over $13 billion.  That makes him richer than a lot of other more “popular” billionaires, including Elon Musk, Mark Cuban, and Eric Schmidt (of Google fame).  So when he gives advice, people listen.  He wrote a paper called Principles that summarizes how he makes his investment decisions.  Below are five of those non-technical principles taken from his paper:

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6 Characteristics Successful Day Traders Have in Common


Many have tried day trading, and an overwhelming majority have failed.  However, for every 99 that fails miserably at day trading, there is always that one success story.  So what do these successful day traders have that the overwhelming majority of day traders don’t?  It’s not access to capital.  Rather, it is a set of character traits that allows them to stand tall against the volatile and stressful world of day trading.  I have talked to many day traders and have done quite a bit of research on them—and I have managed to come up with six character traits that all day traders have in common.  If you are interested in reading what makes a successful day trader, read below.

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How Much Should You Have In Your 401k By 30?


With pension plans a thing of a past and Social Security benefits uncertain, your 401k plan is by far the most important vehicle to a safe retirement.  So in order to secure a good retirement, how much should you have in your 401k by 30?  We will answer this use four different scenarios.  In all the scenarios, we assume that the starting salary is $45,000 and it rises at 3% per year—because $45,000 is the average for a college graduate and a 3% rise per annum is the average throughout the many industries.

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8 Blue Collar Jobs That Pay Six Figures


The old adage is that the only way to truly make it in America is with a college degree.  And it seems even that is hard nowadays.  For evidence, all you need to do is turn on the news every night and hear disheartening stories of down-and-out college graduates working for minimum wage.

However, that is only one side of the story.  The reality is that you do not need to get a college degree to make a lot of money.  There are plenty of opportunities out there for people to make money.  Such opportunities are plentiful in so-called “blue collar” professions, or trade craft professions.  If you don’t mind working with your hands most of the day, here are 8 blue collar jobs that make six figures:

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How the Federal Reserve Increases Money Supply

To understand how the Federal Reserve increase money supply, it is important to first understand the meaning of money supply, which we will think of as: money which is available (in the economy) for use.

Second, you must remember the three parties that influence the money supply:

  1.  The Federal Reserve
  2. Banks
  3. Households that deposit money

It will be easier to understand money supply if you remember that the word “reserve” implies not available to use, so it will help to notice when “reserve” appears as we’re talking about decreasing the money supply.

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The Stock Market and the Business Cycle: Their Correlative Relationship


Many people think that investing in stocks is a surefire way to get rich and hit the jackpot.  The reality couldn’t be further from the truth.  See, the truth is that to get average returns that beat inflation, all you need to do is put it in an index fund.  Index funds will match the market returns of whichever market the index fund follows, be it the S&P 500, the Dow Jones, or the Nasdaq.  The market, on average, has been known to return an average of 10% per year.

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List of Economic Indicators to Guide Your Investment Decisions


Economic indicators are useful in telling us whether the economy is doing well or not.  They indicate whether an economy is heading in or out of a recession, or if the economy is experiencing a boom.  There are a lot of economic indicators and sometimes they may contradict one another.  Thus, it is important to look at the overall economic environment using multiple indicators to get a clearer picture of how the economy is doing. The following is a list of 27 economic indicators you can use to make investment/business decisions.  

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The 4 Psychological Phases of Asset Bubbles


Every investment/asset will have inherent risk that comes with it; no risk no reward.  The amount of risk will vary with each asset.  But no matter what kind of asset it is, there is always a chance of an asset bubble.  An asset bubble is the result of human emotion in play in the markets.  Investors get overzelous on an asset and become delusional in thinking that the sky is the limit, which creates sky high prices.  But eventually, the bubble bursts.

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The most recent bubble burst is the real estate bubble.  We saw it burst in 2007/2008 and it has only begun to recover.  A lot of people lost a lot of money when that bubble bursted.  However, a few savvy investors saw the asset bubble coming and hedged against it.  So if you want to protect your wealth or even make money when asset bubbles burst, learn to recognize the patterns in an asset bubble.  In each asset bubble, there are four distinct phases, which are: Stealth, Awareness, Mania, and Blowoff.

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Tips for Finding an Entry Level Job


You’re fresh out of school and now it’s time to look for a job.  You have very little or no prior work experience but many jobs require years of prior experience.  This is a common problem among college graduates.  There are a lot of jobs out there available but many of them require a plethora of experience to apply.

One of the first things you are probably told to do when looking for a job is to look at online job search engines; but every other college graduate is doing the same thing.  So what can you do to get the edge in the job hunt for that entry level job?  Here are four tips you can use to help you get an entry level job.

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Where Can I Get a Degree in Big Data?


Big data (also referred to as business analytics) is all the rave nowadays and information is the new currency.  As software gets more sophisticated at aggregating data, the economy is in need of people to interpret and decipher the data aggregated.

However, academia has been slow to roll out degrees that can properly prepare students for a career in big data.  While many math, computers, informatics, and statistics majors will probably end up doing quite well in the big data field, many people agree that it is time to give big data its own program.

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