Okay readers, let's settle this debate once and for all, right now: which is financially a better option, renting or owning? This debate seems to be an ever lasting discussion. It is hard to really quantify, since all situations are a little different. However, if you know all the parameters, you can quite well approximate how buying vs renting compares.
When you start investing in the stock market for the first time, usually your intuition is that the risk is in deprecation of the stock's value. Say you buy Alphabet at $2,451, will the price be more or less the next month, or in a year's time. This however is only a very narrow view of the risk.
This article will be a quick overview of the kind of things you should think about when gauging the risk of a stock. If you think there's something missing from the list, please drop me a line at thewealthyfinn@gmail.com or on twitter @thewealthyfinn.
So what risks are there? Here are some common ones to look out for:
The year 2021 was thrilling in so many ways. Everything went up, up, up (until it didn't). It was the best year financially so far in my whole life. Now, 2022 has been totally different and mostly wiped out already the gains I got in the previous year, but let's not focus on that right now. I'll make this a positive post about 2021 and I'll sulk on inflation fears, stock market crashes and WW3 later, ok?
Like I mentioned in my last update, I crossed another 100k€ mark this month, yay! π Will I make it to 1,000,000 € by the time I am 40? Can you become a millionaire by 40? Stick around to find out.
What's been happening with me lately? Quite a bit actually.
Continue reading to learn more π
There's always a crash coming. Ever since 2013 they've been calling it, just around the corner. I was bearish before the corona crash, but I was wrong. What was I wrong about?
The magnitude of quantitative easing central banks were willing to do.
I've been looking at my finances and this year looks just amazing - again. I can't wait to tell you about it! Here it goes:
