The sky is falling! The market is about to crash! The youth of today are corrupted! Every innocuous thing you love is Bad, Actually! Doomsaying is the grift that keeps on giving. Spread fear and doubt about some looming crisis—real or imagined—and you instantly take on a mantle of wisdom and moral authority. Best of all, you don’t need to […]
Futurama is one of the greatest cartoons of all time. If you haven’t seen this gem of the early noughties, here’s the basic premise: Pizza delivery boy Fry accidentally falls into a cryogenic freezer at the turn of the new millennium, and wakes up 1000 years in the future.
In the sixth episode, ‘A Fishful of Dollars’, Fry re-discovers his old bank account, which contained the princely sum of 93 cents at the time he was frozen. Over the 1000 years he spent as a human popsicle, he is told the balance has compounded from less than a buck to the staggering sum of $4.3 billion. Hijinks and capers ensue…
Marry an accountant, but have occasional flings with rock stars. Lift very heavy weights for a few repetitions, then do lots of low-impact cardio. Work a secure and boring job, while pursuing highly speculative ventures on the side.
The common thread running through all these ideas is called the ‘Barbell Strategy’, and it’s useful for all sorts of big decisions – from your career and work, to health and fitness, and of course, your investment portfolio…
It’s pretty embarrassing to air this story in public, but it’s for a good enough cause that I’ve decided to bite the bullet. Back in 2015, I was still picking individual stocks, and doing pretty well for myself. I probably thought I was hot shit. That is, before I made a series of really dumb mistakes which cost me US$10,000.
I would have reached my six figures savings goal much faster if I hadn’t screwed up, but I didn’t lose any sleep over the whole mess. In fact, I’m actually kind of glad it happened. I might be a slow learner, but hopefully you can wise up sooner than I did…
If you’ve hitched your wagon to the Deep Dish caravan, you’ve got a big problem on your hands: A bunch of small but powerful lifestyle tweaks have unleashed a tsunami of savings and filled your pockets with cash. What to do with all that lovely money? Getting started with investing is easy, and anyone can do it! Come join our hero Jimmy on his epic animated adventure from total noob to investing badass.