Want to buy a car the right way?

Car God 2018 Cover Front Back B


The Car God is out now! Visit www.thecargod.com 


Want one Location for Multiple Savings Accounts?


Best banks for multiple savings accounts

If you want more than one account for your savings, these six financial institutions should be at the top of your list. They offer some of the highest annual percentage yields, or APYs, on the market, spare people from monthly maintenance fees and let customers nickname accounts to personalize them. And you probably won’t run up against the account limit at these banks.

Note: the banks and credit unions listed above let people nickname their accounts based on what their savings goals are. You can name these accounts whatever you’d like — “vacation fund,” “House fund”, “emergency fund,” or simply “buffer savings”.

Forex is one of the dumbest things you can do with your time or money.

“Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.

Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . com/q2347.” The “q2347” is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347” gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it. “

Jamal Johnson

Let me tell you a story about Jamal Johnson.
Jamal had been fortunate enough to have parents that were financially responsible. Those parents made sure to invest consistently from his childhood because one day they knew they wanted to send him to college without the huge burden of student loans.

As Jamal graduated from college and started his career in 1999, his parent’s foresight allowed him, without having student loans hanging over his head, to begin investing a reasonable amount of his post graduate salary.

He only had $4k per year to invest in these early days.

In the November 1999, toward the height of the tech boom, he spent $1,000 on each of the following four stocks he chose at random:



Best Buy
Then in the year 2000 as the tech collapse got into full swing, he saw a bunch of layoffs around him. Those who survived these layoffs were forced to essentially double their workloads overnight to make up for the help from other team members that used to be available.

He noticed himself and all of his co-workers had essentially become caffeine addicts overnight.

He decided to keep investing and spent $1k each on the following 7 stocks:
Yahoo (added to his position)

Microsoft (added to his position)

Sprint (added to his position)

Best Buy (added to his position)

Monster Beverages (new position)

Starbucks (new position)

Keurig (new position)
Life happened and little Jamal Johnson never got around to investing anything else. But since he was debt free, he never had to touch his investments in an emergency.
Fast forward to 2016, his holdings looked like this:
Yahoo ($2,249.36)

Microsoft ($1,659.81)

Sprint ($225.65)

Best Buy ($3,078.67)

Monster Beverages ($616,347.81)

Starbucks ($4,545.21)

Keurig ($77,689.18)
Amount spent in 1999 = $4k

Amount spent in 2000 = $7k

Total spent for both years = $11k

Total portfolio value in 2016 (not even including dividends) = $709,029.12
And that was on two years of contributions to his portfolio.

You have any idea how many millions his portfolio would have had if he rented and used his cash flow to make the same $7k in investments every year since then?
But never mind all that. Back to your orderly complaining about there are no opportunities for people who look like you.
Investing in publicly traded companies is the most racially agnostic sport you can ever take part in.
Also, its not about “what if I lose all of my money in stocks”. The question is “what if I don’t?”

A company’s stock can only go to zero. It can rise through infinity however.

You only need one winner amongst dozens to make everything else not even matter.
Use ETFs to safely diversify during normal markets and individual stocks in market crashes. 
“the stock market is the only market where things go on sale and customers run out the store”
Be the person running IN the store. 


Now thats a risk vs reward ratio I like to take part in.