A Crack in the Matrix: A Financial Fable
Book available on Amazon (both paperback and digital) and iBooks (digital only). More info at http://ElephantsPaycheck.com How do you measure investing success? How do you invest for long term growth? Think you can't get a brokerage's attention because you don't have enough to invest? You're probably right. Think you can't trust your brokerage because they're the ones benefiting from the products they sell you? Also right. A friend once asked me about this, asked "if this works, why doesn't everyone do it?". Well, the brokerages you get advice from don't make any money when investing this way. Why would they teach you something that earns them less money? Good point. Caution! Reading this brief Financial Fable may cause you to ask uncomfortable questions about your retirement future. You have been warned. ;-) If you like this, please share it.
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A Crack in the Matrix: A Financial Fable
- 1. A Crack in the Matrix A FINANCIAL FABLE
- 2. The Leaning Tower of Pisa is leaning further each year Oh my!
- 3. Proof
- 4. Wait!
- 5. It’s Just an Illusion Whew.
- 6. It’s an artifact of the way our eyes are designed You were looking at two copies of the same image
- 7. Try it Yourself Download the image, duplicate it, open both & place them side-by-side
- 8. Often when things “make sense” we don’t ask deep probing questions
- 9. We Should Yes, even when things make sense
- 10. Lets Try This Again
- 11. Your investing success is measured by how large your portfolio has grown
- 12. Brokerage statements focus on cost, total value, and gain or loss with a passing mention of income Proof
- 14. Even when you invest for income, your statement focuses on portfolio value
- 15. Fixed Income is 99% of the portfolio...
- 16. Fixed Income is 99% of the portfolio... Why is “valuation” focused on “account value”?
- 17. It’s Just Another Illusion
- 18. Dividend Reinvesting Instead of taking a dividend payment in cash today, you reinvest your dividend into the company in order to get a larger future payout A well known way of long-term investing for ‘regular people’
- 19. Dividend Reinvesting How it looks on your brokerage statement
- 20. One Reinvestment... Why is it 2 Transactions?
- 21. Taxes due this year Tax basis for the future
- 22. It’s an artifact of the way financial institutions are designed To ensure IRS (tax) compliance & reporting
- 23. Why judge the success of your investments by how much tax you owe...
- 24. ... Especially when you’re investing in a tax deferred retirement account (IRA)?! Duh!
- 25. Brokerage statements don’t serve the customer They serve the IRS
- 26. Can we do better*? * Do better, but please also pay your taxes!
- 27. Can meaningful measurements be used to motivate healthy investing habits?
- 28. Can meaningful measurements be used to make investing fun? You’re one of those people too afraid to open their monthly statements, aren’t you?
- 30. Measure what matters. Let go of the fear. Be empowered. Ignore the noise.
- 31. A fun & socially conscious blueprint to help you get started investing safely Read the book Not quite convinced? Learn more.