As soon as I finished my post on lessons from the 2008 recession, I realized it made sense to revisit a few lessons from an earlier recession, the 2000 dot-com crash. Lasting from around 2000 to 2002, it was proceeded by a huge run up in stocks largely fueled by technology companies. I was 26 when the 2000 dot-com crash began, and was only two years into my 9 to 5 … [Read more...] about Lessons Learned from the Dot-Com Recession
Archives for April 2019
One Year Anniversary of Being Debt Free
April 2019 represents the one year anniversary of my wife and I paying off our last remaining debt, our mortgage. This was a big decision for us and the decision came after many hours of reading, watching, discussing and constantly revisiting the same assumptions and concerns over and over again. Credit goes to my wife for really throwing down the gauntlet and setting high … [Read more...] about One Year Anniversary of Being Debt Free
Auto-Investing
When I was in high school and college I used to mail in checks to dividend reinvestment plans (DRIPs). I had DRIPs for GTE and Ford stock and would mail in anywhere from $10 to $50 at a time. When I started my career in consulting in 1998 I began my first real auto investing experience with a corporate 401k, where I got to put away around 3 or 4 percent of my … [Read more...] about Auto-Investing
Traveling in Style
When my wife and I lived on the east coast, we had lots of friends and colleagues that would take the same kinds of vacations. The Caribbean resorts were very popular, followed by cruises and other stateside beach resorts. I’d ask people what they do, and usually get a response like: eating, drinking, sleeping in, snorkeling, stuff like that. I remember my wife (girlfriend … [Read more...] about Traveling in Style
Lessons Learned from the 2008 Recession
“After all, you only find out who is swimming naked when the tide goes out" Warren Buffett Real estate, investing, and cash, my biggest lessons of the 2008 and 2009 recession. In 2008 and 2009 we had one nasty recession. Watching banks like Bear Sterns go under while the stock market was going down 700 points seemingly every day was a wild ride. At the time, my wife and I … [Read more...] about Lessons Learned from the 2008 Recession