Passive income – the holy grail of the FIRE pursuit. In this post, I’ll share how I increased my net-worth by approximately $40k in a single month. But first, why are you here? Most probably because you find the idea of earning 5 digits in a month (without exchanging your time for it) somewhat exciting. …
If you’re researching investing, you’re most probably having some uncertainties that need to be addressed. By no means a complete list can be compiled to answer every question a beginner might have, but here are a few I’ve heard lately. So, if you overcome investing fear but still aren’t ready to take the leap, let’s …
It’s a monthly update post again, so let’s kick it off as usual: BTC Performance, October 2020 S&P 500 Performance, October 2020 Interesting! In the first part of the month, we were observing a behavior which became “normal” and “expected”: a strong correlation between the stock and the crypto markets. This is something that became …
Efficient Market Hypothesis (EMH) is the hypothesis that securities trade at their fair value i.e. their prices reflect all currently known information. So, how do we know whether a market is efficient or not? Basically, it’s a matter of how fast does trading activity reflect new information in the securities’ prices. In an inefficient market, …
“How to get rich?” – a question popping into the majority of peoples’ heads on daily basis. In this post I want to give a blueprint of how to do it. What I’ll propose it’s neither exclusive nor unique – there are many opportunities to get rich in the world. However, some people may be …
One question I often get is why do I worry so much about living below my means. The answer is simple: Because most probably I’ll be alive in 10 years. That’s it. Oh, you need further explanation? Okay, let’s get to it. The case Let’s set the stage. We will analyze two people, Mr. Spend …
This was a big month for MonkWealth. A big milestone was reached by publishing my first book: Become an Investor: The Ultimate Guide to Long-Term Investing for Absolute Beginners. The majority of you reading this post would already know it – and most probably already enjoying a copy of it. Contrary to what I expected, which is …
Well, Become an Investor: The Ultimate Guide to Long-Term Investing for Absolute Beginners was published as a standalone book. As hard as it was to prepare this project in silence, after months of hard work I pulled it off and am so excited to share it with my readers! And yes, I literally mean share it. Most …
Welcome to another monthly update. There is no question about it, this one will be crypto-related. Bitcoin’s performance aside, most alts I hold grew for more than 50%. I always have a strange feeling when I use any variation of the term “altcoin”, as I’m unsure where to draw the line, but that’s a discussion …
This post will compare the benefits of first pillar pension to long-term investing in the stock market. The three pillar pension system works similarly in most countries: First pillar pension – state pension / social security Second pillar pension – pension that you accumulate and fund with your employers Third pillar pension – private pension …