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Recently, we talked about how cryptocurrencies worked. Then, we looked at the history of cryptocurrencies. Finally, I discuss what I think is wrong with them.

Cryptocurrencies are not an investment. When you buy a cryptocurrency, you do not buy any value. You speculate that other people will later give a higher value than what you paid. This speculation, or even gambling, is not investing. Moreover, there are several problems with investing in a cryptocurrency that you do not have with stocks. Let’s see what they are!

Continue reading “The 6 Biggest Problems of Investing in Cryptocurrencies”

In the previous post about cryptocurrencies, we talked about what cryptocurrencies were. We mainly talked about how cryptocurrencies work. You should know more about blockchain, cryptography, and miners.

This post talks about the history of cryptocurrencies and how it all started with bitcoin. And how it all expanded into several thousand alternative cryptocurrencies. Most of the article will be related to bitcoin since it was the first cryptocurrency. And it was also the one that made the more headlines over the years!

However, bitcoin is not the only cryptocurrency out there. Most people believe that cryptocurrencies and bitcoins are the same things. But bitcoin is only one of the cryptocurrencies.

Without further ado, let’s delve into a bit of cryptocurrency history.

Continue reading “A short history of Cryptocurrencies”

If you read financial news or finance blogs, you have heard (a lot) about cryptocurrencies and especially Bitcoin. You probably have read some success stories where people made a fortune investing in one cryptocurrency. You also probably have read stories where people have lost a fortune with them. But what is a cryptocurrency? And how do they work?

In this post, I will answer these questions for you. It could be interesting to know precisely how they work. You probably have heard of the words blockchain, miner, or even hash function. We will see how they come into play for cryptocurrencies.

I will not cover the investment quality of cryptocurrencies in this post. I plan to discuss that in another post. Finally, in a later post, I will also discuss the history of cryptocurrencies since their creation.

Continue reading “Cryptocurrencies in nutshell – How do they work?”

If you are following personal finance blogs or podcasts, you probably have heard the name of Warren Buffett. He is very famous in the community. Warren Buffett is a very successful investor.

He made a fortune from nothing. Being one of the wealthiest persons in the world also helps to make him a very well-known figure. It is the first reason he is famous in the community.

The second reason is that he advised his fortune to be invested in index funds once he passes away. It is one of the few big investors who are supporting index funds. Finally, he also beat the market for many years, which is something complicated.

In this article, we are going to look at the history of Warren Buffett first. Some numbers may not seem much in the early years. You need to take into account inflation. One thousand dollars 70 years ago are worth around 10’000 dollars now. We are primarily going to focus on the most significant investment he did. Then, I am going to talk about some essential traits of this great man. It is going to be a long article!

Continue reading “Who is Warren Buffett ? The Man and His Investments”

With my new job this year, I get access to an Employee Stock Purchase Plan (ESPP). It is the first time I am working for a company that offers such a plan. As such, I have been researching my options for how to handle this ESPP. In this post, I am going to share what I have found out about ESPP.

An ESPP is a plan to use some part of your salary to get shares of your company at a discount price.

In this article, I present many strategies that exist to decide when to sell shares coming from an ESPP. Finally, I go over the strategy I chose to use for my ESPP shares.

Continue reading “Employee Stock Purchase Plan (ESPP): Take advantage of great returns!”

We have already talked about the famous Three-Fund Portfolio and its variants. It is a simple portfolio made of only three funds. It is straightforward to manage yet very effective and diversified. We also saw the two-fund and one-fund portfolios. They are even more simple and have many advantages. These two are called lazy portfolios. They are the most well-known lazy portfolios.

But there are more lazy portfolios than these. People have proposed many more portfolios over the years. In this article, I cover more of these portfolios. They are called lazy portfolios because they are all using index funds. And you can keep the allocation of the different funds for many years.

Instead of choosing stocks, which is difficult, you choose stock funds or bond funds. You can either use mutual funds or Exchange Traded Funds (ETFs) depending on what you prefer and what you have access to.

Continue reading “7 Lazy Portfolios to keep investing simple”