TL,DR: Where your store products matters as much as what you buy Depending on your goals, and the type of investments you make, you may need a variety of financial accounts. Each account provides different levels of preservation and protection of your money and products - kind of like the storage in your kitchen. Kitchen Table / Checking and Savings Account Extra cash in checking and savings accounts like food on your kitchen table. You’re not taking any precautions to preserve it because the...

TL,DR: Where your store products matters as much as what you buy Depending on your goals, and the type of investments you make, you may need a variety of financial accounts. Each account provides different levels of preservation and protection of your money and products - kind of like the storage in your kitchen. Kitchen Table / Checking and Savings Account Extra cash in checking and savings accounts like food on your kitchen table. You’re not taking any precautions to preserve it because the...

TL,DR: Every investment decision has tax implications. There’s no such thing as a free lunch. Whether it’s a pit, packaging, or scraps, consuming food products creates food waste. Financial products create a byproduct as well. Without careful planning, that byproduct can be investment penalties or a high tax bill. With planning, it can be a low tax bill, or even a rebate. Garbage / Capital Gains Tax Disposing of garbage is not free. Capital gains are not free either, however there are ways to...

TL,DR: Every investment decision has tax implications. There’s no such thing as a free lunch. Whether it’s a pit, packaging, or scraps, consuming food products creates food waste. Financial products create a byproduct as well. Without careful planning, that byproduct can be investment penalties or a high tax bill. With planning, it can be a low tax bill, or even a rebate. Garbage / Capital Gains Tax Disposing of garbage is not free. Capital gains are not free either, however there are ways to...

TL,DR: By harnessing our memories of food, we can quickly and enjoyably recall relevant financial concepts. Our brains can store an almost infinite amount of information when that information activates our senses. Visuals are the most common example of this phenomena. Memory scientists once showed a slide show containing thousands of images to a class of students, flashing each image on the screen for a mere fraction of a second. The students were then shown a new slide show, this time mixing...

TL,DR: By harnessing our memories of food, we can quickly and enjoyably recall relevant financial concepts. Our brains can store an almost infinite amount of information when that information activates our senses. Visuals are the most common example of this phenomena. Memory scientists once showed a slide show containing thousands of images to a class of students, flashing each image on the screen for a mere fraction of a second. The students were then shown a new slide show, this time mixing...

TL,DR: In order to successfully invest your money, you will need savings, a budget, and a plan. Before exiting the tram at the the summit of the Jackson Hole Mountain Resort, a ski patrol officer will solicit a confirmation of safe skiing from all the riders by shouting out “if you don’t know” and hearing in response “don’t go!”. It’s cute tradition, but also extremely important. Skiing can be extremely dangerous, especially when leaving the resort and forging a new path. Put another way, fai...

TL,DR: In order to successfully invest your money, you will need savings, a budget, and a plan. Before exiting the tram at the the summit of the Jackson Hole Mountain Resort, a ski patrol officer will solicit a confirmation of safe skiing from all the riders by shouting out “if you don’t know” and hearing in response “don’t go!”. It’s cute tradition, but also extremely important. Skiing can be extremely dangerous, especially when leaving the resort and forging a new path. Put another way, fai...

TL,DR: Novice investors and people looking for financial independence will appreciate the simplicity and relatability of the pages to come. Financial professionals might find the content boring, redundant, and unnecessary. That’s okay. They probably already know everything about investing anyways. To confirm whether the book is right for you, please begin by answering a few multiple choice questions in your head.When speaking outloud, the word “finance” is pronounced A. fə-ˈnan(t)s, fuh eh ná...

TL,DR: Novice investors and people looking for financial independence will appreciate the simplicity and relatability of the pages to come. Financial professionals might find the content boring, redundant, and unnecessary. That’s okay. They probably already know everything about investing anyways. To confirm whether the book is right for you, please begin by answering a few multiple choice questions in your head.When speaking outloud, the word “finance” is pronounced A. fə-ˈnan(t)s, fuh eh ná...

TL,DR: There are three primary means of investing, all of which come with different pros and cons. Professional Chef / Financial Advisor Like a professional chef, financial advisors, will take the time to understand what you want, and then find the products to meet your demands. You pay a premium for this service, sometimes up to 3% of the assets under management (the amount of money you give them to invest). Despite the premium, there is no guarantee that an advisor will choose the best prod...

TL,DR: There are three primary means of investing, all of which come with different pros and cons. Professional Chef / Financial Advisor Like a professional chef, financial advisors, will take the time to understand what you want, and then find the products to meet your demands. You pay a premium for this service, sometimes up to 3% of the assets under management (the amount of money you give them to invest). Despite the premium, there is no guarantee that an advisor will choose the best prod...

TL,DR: Financial industry jargon has gotten out of control. “Shorting the VIX”, “Inverted Yield Curve”, “Dividend Aristrocrat”, “Double Hammer Candlestick”, “Fannie Mae and Freddy Mac”. Who ever said finance bros lack creativity? Gatekeepers of the financial industry use all sorts of words to describe financial products. Instrument. Asset. Investment. Security. Vehicle. Piece. Paper. Receipt. Certificate. More or less all of these terms mean exactly the same thing. They all refer to investmen...

TL,DR: Financial industry jargon has gotten out of control. “Shorting the VIX”, “Inverted Yield Curve”, “Dividend Aristrocrat”, “Double Hammer Candlestick”, “Fannie Mae and Freddy Mac”. Who ever said finance bros lack creativity? Gatekeepers of the financial industry use all sorts of words to describe financial products. Instrument. Asset. Investment. Security. Vehicle. Piece. Paper. Receipt. Certificate. More or less all of these terms mean exactly the same thing. They all refer to investmen...

Cake, financial education and tech-literacy are on my mindPrepare yourself for a 47 course meal. Here’s the menu:🎼 Prelude🍔 Acquired Taste🔁 Cue, Routine, Reward🔥 Cooking with Gas🍤 Hors D’eouvres👨‍🌾 From Farm to Table🍈 Fruits and Veggies🚠 If You Don’t Know, Don’t Go🍴 Set the Table👨‍🍳 Pick your Poison♻ Taking Out the Trash🍑 Season to Taste🥣 Raw vs Prepared💜 Nutrition Facts (Stocks)🍎 Blue Chip Stocks🍓 Cyclical Stocks🍋 Defensive Stocks🥥 ADR🍇 Growth Stocks🍊 Penny Stocks🍩 Meme...

Cake, financial education and tech-literacy are on my mindPrepare yourself for a 47 course meal. Here’s the menu:🎼 Prelude🍔 Acquired Taste🔁 Cue, Routine, Reward🔥 Cooking with Gas🍤 Hors D’eouvres👨‍🌾 From Farm to Table🍈 Fruits and Veggies🚠 If You Don’t Know, Don’t Go🍴 Set the Table👨‍🍳 Pick your Poison♻ Taking Out the Trash🍑 Season to Taste🥣 Raw vs Prepared💜 Nutrition Facts (Stocks)🍎 Blue Chip Stocks🍓 Cyclical Stocks🍋 Defensive Stocks🥥 ADR🍇 Growth Stocks🍊 Penny Stocks🍩 Meme...

TL,DR: Welcome to a long winded and time intensive response to a question I have been asked hundres of times: “What should I invest in?” and to which I’ve responded with consistency and admonishment: “It depends”. ”Having money isn’t everything. Not having it is.“ This adage from the wise shepherd of our generation, Kanye Omare West, rings true for the rich, the poor and everyone in between. People ask me all the time what they should invest in, likely because I work for a financial services ...

TL,DR: Welcome to a long winded and time intensive response to a question I have been asked hundres of times: “What should I invest in?” and to which I’ve responded with consistency and admonishment: “It depends”. ”Having money isn’t everything. Not having it is.“ This adage from the wise shepherd of our generation, Kanye Omare West, rings true for the rich, the poor and everyone in between. People ask me all the time what they should invest in, likely because I work for a financial services ...

TL,DR: In order to understand the value of an investment product, you need to understand its origins. Step 1: The Farm / Issuer The food product is planted and cultivated by a farmer looking to raise money The investment product is conceived and registered by a company looking to raise money Step 2: The Factory / Investment Bank The food product is sent to a factory to be packaged and vetted for defects in preparation for distribution The investment product is vetted and prepared for distribu...

TL,DR: In order to understand the value of an investment product, you need to understand its origins. Step 1: The Farm / Issuer The food product is planted and cultivated by a farmer looking to raise money The investment product is conceived and registered by a company looking to raise money Step 2: The Factory / Investment Bank The food product is sent to a factory to be packaged and vetted for defects in preparation for distribution The investment product is vetted and prepared for distribu...

TL,DR: Financial literacy matters. Financial concepts put you to sleep. Both these statements hold some truth, but only the latter statement can change. The word “investing” kills the appetite. It triggers images of a bore, a traditional suit, a bank, or a combination of the three. “Food” on the other hand, stimulates the senses. Just the thought of it can get you through a bad situation, and have you looking forward to a good one. In fact, our bodies actually release endorphins in anticipati...

TL,DR: Financial literacy matters. Financial concepts put you to sleep. Both these statements hold some truth, but only the latter statement can change. The word “investing” kills the appetite. It triggers images of a bore, a traditional suit, a bank, or a combination of the three. “Food” on the other hand, stimulates the senses. Just the thought of it can get you through a bad situation, and have you looking forward to a good one. In fact, our bodies actually release endorphins in anticipati...

TL,DR: Stocks and Bonds are the building blocks of a healthy investment diet. Fruits / Stocks Like fruits, stocks can be succulent and sweet or bitter and sour, carrying more risk and reward than other investments. What’s in a Name? No one knows for certain why ”stock” represents shares in a company, although some theories suggest stock reflects the material used in the hull of a boat, or from the trunk of a tree. Stocks were first traded at a shipping port in Denmark - so wooden boats are fi...

TL,DR: Stocks and Bonds are the building blocks of a healthy investment diet. Fruits / Stocks Like fruits, stocks can be succulent and sweet or bitter and sour, carrying more risk and reward than other investments. What’s in a Name? No one knows for certain why ”stock” represents shares in a company, although some theories suggest stock reflects the material used in the hull of a boat, or from the trunk of a tree. Stocks were first traded at a shipping port in Denmark - so wooden boats are fi...