So you want to be rich? Glad you’re here. Financial Samurai is focused on getting rich and staying rich. If you want to get rich, you must practice predicting the future. If you want to stay rich, you must continuously invest in real assets that hold its value. Finally, if you want to live freely, […]
So You Want To Be Rich Eh? Read More »
Losing someone else’s money is far worse than losing your own money. If you lose someone else’s money, you will have this tremendous psychological burden that will be hard to shake. For a brief moment in time, I wanted to be a money manager. The idea of managing other people’s money was alluring. After all,
Something Far Worse Than Losing Money: Losing Someone Else’s Money Read More »
I originally wrote this post on June 1, 2012, the month I stopped receiving a paycheck after I retired early from a 13-year career in finance. I’m revisiting this post over 13 years later. Stock market armageddon seems to happen every 5-10 years. 2018-2020 were extremely volatile years. Who would have thought the stock market
Stock Market Armageddon Returns! How To Invest In A Meltdown Read More »
Investing in the stock market is one of the key ways to grow your wealth. If you save money but only keep it in cash for your whole life, you’re not going to be able to beat inflation. Sure there is risk involved when investing in the stock market. But there’s a wide range of
Investing In The Stock Market: Jump In! Read More »
Structured derivative products are a type of investment that provide some downside hedges. They are also called structured notes. I wrote this post back in 2012 after I got a six-figure severance. I was trying to figure out how to safely invest my severance with a hedge given I no longer had a job. I’m
Understanding Structured Derivative Products As An Investment Read More »
Back in July of 2010, I wrote a post entitled, “Am I Living In A Parallel Universe?” discussing the disconnect between the robustness on the ground in San Francisco and the incredibly negative mood by the mass media. Back then, I kept thinking “the economy is back, baby,” but nobody seemed to agree. Even my
The Economy Is Back, Baby! 2026+ Edition Read More »
We have a culture of blaming others for our problems and Main Street is now on a tear with this “Occupy Wall Street” movement that’s gathering steam. The thesis is that financial institutions and anybody who has anything to deal with financial institutions are bad. The government and the media help fuel the fire against Wall
“We Are Wall Street” E-mail Fights Back Against Main Street Read More »
If you want to drastically increase your betting odds, this post is for you. As someone who worked on the trading floor for two major investment banks for 13 years, I’m very accustomed to betting. We proposition bet (prop bet) on random things all the time. The more bets you make, the better your betting
How To Drastically Increase Your Betting Odds And Help Other People Read More »
If you’re worried about the state of the markets, don’t panic. The economy will be just fine. It’s important to use times of uncertainty to preserve capital and not do anything rash. As the markets were melting down this past week I decided to go watch the World Champion San Francisco Giants beat up the
The Economy Will Be Just Fine: 40,000 People Can’t Be Wrong! Read More »
It’s good to be frugal by nature. You will likely never get into financial trouble as a result. You will always be able to appreciate things since you’re never buying the best and most expensive stuff. Sometimes, however, it’s good to splurge. You’ve already read “‘No Point Making Money If You Don’t Spend Your Money“, and
Things Totally Worth Splurging Money On Read More »
