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Is It Time To Ditch Bonds?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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I’ve been getting a lot of messages lately asking this question. Basically, people (including myself) are looking at their portfolios and seeing everything going up except bonds. They’re reading the news about interest rates being in the crapper, and they’re asking themselves “Why are we owning these things? All they’ve done lately is go down.” Remember, the primary reason that bonds are used in an investment portfolio is that they act as stabilizers. They generally move in the opposite direction of the stock market, so when equities go up, bonds go down and when equities go down, bonds go up. […]

Why Gamestop investors Should NOT Invest in Index Funds

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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After we covered the saga of the Redditors and Gamestop a few weeks ago, our prediction came true a few days later: the stock crashed in value from a high of around $350 all the way down to $40, for an 89% loss. Much wailing and gnashing of teeth ensued on the Reddit forums while the rest of the investing world pointed and laughed. And then we all moved on with our lives to obsess over Meghan Markle. I had forgotten about these guys for a while, until one day I logged into my Questrade account. As I was poking […]

Can the Gamestop Saga Crash the Stock Market?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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On a wall in our apartment is a section covered with post-its that both FIRECracker and I use to store potential article ideas. On one pink post-it are the words “Robinhood + Gamestop” I had put up there a few weeks ago when I had noticed something strange happening on the financial markets. Back then, there was a strange amount of chatter and interest in a random stock, Gamestop, for seemingly no reason. Similar things had been happening to other companies like AMC and Blackberry, and it was causing their stocks to spike to the complete surprise of the people […]

Our 2020 Finances: How Did Our Portfolio Do?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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(Click here for Part 1 to see how much we spent this year.) Alright! 2020 is finally over! We made it! Just barely, but we made it! At the beginning of this year, we were hanging out in Chiang Mai, Thailand. We were riding high off the surprisingly strong stock market performance of 2019 that saw our 60/40 portfolio return a stunning 16%. And I was sitting in a cafe answering emails from readers asking how I could justify putting money into the stock market when valuations were at such nosebleed levels? My answer to them turned out to be […]

Joe Biden Wants to Change 401(k) Plans

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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A little over two weeks ago, Joe Biden was projected by every major media outlet to become the 46th president of the United States. Predictably, the current occupant of the White House and his supporters took it super well, taking to the airwaves to claim he won the election and challenging the results in court, alleging massive voter fraud. All of that sound and fury, however, has so far resulted in nothing. Over thirty lawsuits filed by the Trump administration have been thrown out because they have not shown any evidence of voter fraud affecting enough votes to sway the […]

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