J.C.’s Money Blog

One reason why I decided to quit my corporate job, is that I have a valuable asset, which I am not taking advantage of. This asset is risk tolerance.
I work at a huge, stable global corporation. The risk that my company will not send me my paycheck each month is essentially zero. My paycheck is […]

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Up till now, I have mostly accumulated mutual funds through my retirement account, and an index fund in my taxable trading account. I have dabbled in individual stocks with moderate success, but always thought I should focus on my career until I have enough net worth to make actively managing my portfolio worth my time.
How […]

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“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
- Warren Buffet
I just put in a market order for some more shares of SPDRs(SPY). The price tanked another 2% yesterday and has pretty much wiped out all of 2007’s gains.
With this I get a little chunk […]

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Ever since I was a kid and learned that the bank pays you to keep your money there, the idea of living off interest has fascinated me. The concept that you can make just as much money with no risk doing nothing than someone working full time blew my mind.
Carlos Slim is now the richest […]

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My lifetime goal is to have a net worth of $100 million.
I don’t really care about having a yacht or a big house, but I would like to be able to live comfortably and then have a big impact when I am old. With $100 million, I should be able to achieve something worthwhile.
I want […]

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I determined that I can likely make significantly more money working on websites than I can with my corporate job. One major point of concern for me which has prevented me from getting started right away is my unvested 401k match.
Next year in September, my retirement account through work completely vests. Right now my unvested […]

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Creating wealth (or even just an income to get by) is about resource allocation. That is in fact the essence of economics, the systems by which resources are allocated. For corporations the two main resources are labor and capital. Labor has a cost in terms of wages, and capital has a cost (opportunity cost when […]

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Yesterday was the first day back from vacation, and I’m really looking forward to quitting my job now. It looks like I have lots of travel scheduled in the coming weeks, so my job is going to eat into my free time as well. I will enjoy being out of the office though. I guess […]

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