🗡️ What's your edge?

Published 2 months ago • 1 min read

Greetings Reader,

You can win at gambling if you have an edge. The same is true for day trading. You can do it if you have an edge.

Prime example: the casino always wins because there's a house edge built into every game being played there.

The reality is that the only edge you have when it comes to investing is your time horizon. You have to wait long enough for the market to go up. Sometimes that happens quickly. Sometimes it takes a few years or more.

Unless you're that trader who made $70 million in 60 seconds with the (likely) help of some insider information, contributing early and often into index funds is the best way.

Use your edge.

Oh - and if someone is promising to "teach" you a special no-lose method to invest just ask yourself this - why aren't they using that method for themselves or at a hedge fund? (because that's where the folks with a real edge are trading at)

Something to remember as we navigate these volatile times, as they always bring out the charlatans.

(View this email as a webpage)

🦉 Why do people pay expensive financial advisors?

Mathematically, we know that paying someone a 1% assets under management fee will severely eat into your investment returns.

Yet many people still do it.

Why? I sought to try to understand.

👉 Why do people pay for expensive financial advisors?

🗺️ Do you have a financial map?

One of the most useful tools we have in our financial toolkit is our financial map. It's a drawing of all of our accounts and how they're linked.

I've used it to simplify our finances. I've used it to know how to move my money around at a glance.

It's super simple to make and everyone should have one.

👉 Draw your a financial map

💰 Answers to 15 Tariff Questions

Tariffs have been in the news a lot.

Maybe you're not 100% sure what it actually means.

My internet friend Jesse Cramer answers 15 tariff questions:

👉 The 15 Tariff Questions I’ve Heard Most

What did you think of today's email?
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite

Talk to you soon!

Jim

PS. Vicki Robin's Your Money or Your Life is available on the Kindle for only $1.99 - Oprah said "This is a wonderful book. It can really change your life."

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