Financial Index Puns

Taken from youtube.com/watch?v=JdUKhgW1gOo, if you were to write your index card, what would it contain? I came up with the following:

1. Don't start investing if you don't have a goal. Match your goals with your personal values.
2. Leverage your employee benefits and personal connections, and be grateful for them.
3. Take advantage of tax-free investments (PERA, MP2, and Employer Pension).
4. Make sure you have sufficient life and health insurance. Use term insurance and build wealth to the point you can self-insure.
5. Live on less than you make.
6. Pay your debts in full.
7. Pay attention to management fees. Normally index funds and ETFs outperform most actively managed funds.
8. Beware of conflicts of interest, especially those who are selling you financial products.
9. Don't solely focus on long-term investments. Know that you have short and mid-term obligations as well.
10. Work towards building your "fortress of solitude" (https://www.youtube.com/watch?v=xdfeXqHFmPI)

Age 40 Married 3 kids between 11-6 Mortgage $350 week Joint Income $180k pretax Super fund is last option as may start business with the capital in next few years.

After cap gains paid in march, would be left with 160k to remain in high rate interest rate or Index fund or other?!?

TIA

Buy list 9-25

Tier 1

ARNC (10%+) X (10%+) CLF (10%+) SLB (10%+) MMP (10%+)

BAND 1/2 (10%+)

UPS (10%) DE (10%) DHI (10%)

PYPL (10%)

Steel sector is overrepresented above. In parentheses is my expected price target. Most of the time I put in a limit sell after I buy.

I have to see if I buy all, just some and if I have to switch out winners from last week. It also depends on Monday's action. Once the ridiculous sell off in China/Hong Kong stops things will explode.

Britain’s blue-chip share index has suffered its worst year since the 2008 financial crisis, as the Covid-19 pandemic and Brexit uncertainty hit stocks during a turbulent 12 months for investors.

The FTSE 100 index of top shares listed in London fell by 14.3% during 2020, the poorest performance among the largest international stock indices, and its biggest decline since 2008.

While the FTSE 100 struggled, the US stock market had hit a series of record highs in recent weeks. The S&P 500 is up 15% for the year, with the technology-focused Nasdaq surging by 43%.

Germany’s DAX index ended the year up 3.6% and France’s CAC fell by around 7%. Japan’s Nikkei gained 16%, while China’s CSI 300 surged 27% during 2020.

Spain’s IBEX 35 had an even worse year than the FTSE 100, though, dropping 15.5%.

Link :https://www.theguardian.com/business/2020/dec/31/ftse-100-suffers-worst-year-since-2008-financial-crisis?CMP=Share_AndroidApp_Other

The FTSE is indeed a dogshit of an index . Very few innovative companies on it.

Financial advice: 1) Dollar cost average into bitcoin/ether 2) Never use credit cards for credit (pay on time) 3) Look into low tax countries to incorporate your business in 4) Just buy mutual funds or index funds for equity exposure (managing your own books takes too much time)

by LifeMathMoney