investing Archives - Empathic Finance

Is there an alternative? Stocks, inflation, and where to put your money now

Posted by Mike Pumphrey on July 3, 2023 | Featured | 5 Comments

With inflation and rising interest rates, some say that there are better places to put your money than stocks. I’m skeptical. … Read More

Tags: bonds, index funds, investing, investment, stocks

It’s not enough to deposit money in your investment accounts

Posted by Mike Pumphrey on March 27, 2023 | Featured | No Comments

If you just deposit money in your investment account’s settlement fund and stop there, it could cost you hundreds of thousands of dollars. … Read More

Tags: 401(k), investing, retirement, Roth IRA, Vanguard

Simple millionaire steps: Max out your Roth IRA

Posted by Mike Pumphrey on February 27, 2023 | Featured | No Comments

The simplest and most flexible way to build millionaire-level investment wealth is through the Roth IRA. If you can max it out, you should. … Read More

Tags: investing, investment, millionaire, Roth, Roth IRA, simple

Roth, IRA, 401(k), oh my! How to figure out where to put your investment money

Posted by Mike Pumphrey on February 20, 2023 | Featured | No Comments

If you’re confused about where to put your investments and in what order, I break it down to a simple order. … Read More

Tags: 401(k), investing, investment, investments, retirement, Roth, Roth 401(k), Roth IRA

Why not keep your debt and use the cash flow?

Posted by Mike Pumphrey on December 19, 2022 | Featured | No Comments

There is a school of thought that you can use leverage to create cash flow without ever needing to pay off debt. But there’s a small problem. I was recently listening to a radio show hosted by a real estate … Read More … Read More

Tags: cash flow, debt, debt free, debt payoff, investing

The data is in: You can’t beat the market

Posted by Mike Pumphrey on December 12, 2022 | Featured | No Comments

I look at S&P SPIVA scorecards for mutual funds, which confirm what we already knew about investing: that you can’t beat the market. Note: I’m not a financial advisor. I don’t offer financial (or legal) advice. My job is to … Read More … Read More

Tags: index funds, investing, investment, market, mutual funds, S&P 500, stock market

Is it safe to put your money in stablecoins?

Posted by Mike Pumphrey on September 12, 2022 | Featured | No Comments

I look at cryptocurrency stablecoins and how they are used, and compare them to the original stablecoin, the U.S. dollar. I don’t know if you know this, but I’ve started syndicating all my content over on Medium. You can subscribe … Read More … Read More

Tags: crypto, cryptocurrencies, cryptocurrency, investing, safety, stablecoins

Why do we care about the stock market’s daily moves?

Posted by Mike Pumphrey on August 22, 2022 | Featured | No Comments

There is no practical reason for most people to follow the up and down moves of the stock market, and plenty of reason to ignore all of it. I listen to NPR a fair amount, mostly when I’m in the … Read More … Read More

Tags: investing, retirement, S&P 500, sports, stock market, stocks

Why you can’t invest in crypto

Posted by Mike Pumphrey on May 16, 2022 | Featured | No Comments

Many people think that they are investing in cryptocurrencies, but they are wrong, because the very nature of crypto makes this impossible. When it comes to crypto, most people fall into a few categories: “I keep hearing about it, but … Read More … Read More

Tags: Bitcoin, crypto, cryptocurrencies, cryptocurrency, investing, speculation

Debunking Ben & Arthur: How to win at investing even if you start later

Posted by Mike Pumphrey on March 14, 2022 | Featured | No Comments

The parable from the Dave Ramsey team about Ben and Arthur is fatally flawed, which is good news for pretty much everyone. Everyone knows that you should start saving for retirement early. And that makes sense. The sooner you start, … Read More … Read More

Tags: Dave Ramsey, investing, retirement

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