Stocks are in correction mode, learn why. My bartending skill are increasing, That Badass Money Handbook update, fee free banks, and more!
It’s freezing here in Cinci again. Snow is on the ground and the fire is on in the fireplace!
Krista and I had an awesome kid free weekend for the most part with lots of good food and drinks.
We even learned how to make a Cosmopolitan. We can now make 3 drinks at home:
Jack & Coke
Our bartending skills are expanding. :)
STOCKS ARE CORRECTING!
I’ve got a brand new post on the site:
If you don’t invest in stocks you’re going to want to read this! I want you to be a Money Badass and if you’re not investing, you’re leaving money on the table.
The Badass Stock Portfolio ended January with huge gains! Here is a screenshot of the portfolio as of end of day January 31st.
If you’re following stocks you know that their currently dropping. This is good!
Like I said last week, stocks move in an upward trend over history with rallies and dips. We had an amazing January and now the stock market is correcting as it became overvalued.
The economy is doing well, so well in fact, that the Federal Reserve will likely increase the interest rates faster than expected to keep inflation in check. This usually spooks the markets, making the correction even more accelerated.
With the economy doing so well, this pullback is more likely just a normal correction than the start of a bear market.
We’ll see how it’s doing next week and go from there.
THAT BADASS MONEY HANDBOOK
I’m creating a bit more each day and getting very close to finished on the Handbook. Here’s a picture of the latest chapter in progress:
This 3 part Handbook is the ultimate guide to managing your day to day money.
I chose this topic because people my age (millennials) are beginning their “adult” life with no training on how to manage their money. Schools aren’t teaching it. Parents act like talking about money is horrible.
Somebody has to do it…
Our generation is getting buried in student debt for low paying jobs and nobody is helping them out.
This Handbook is the all in one, step-by-step guide to manage your money and become a Money Badass.
My goal is to have it out by the end of the month. I better get busy..
QUESTION: How can I get rid of bank fee’s like overdraft fee’s?
ANSWER: I hate bank fee’s too! I use to work at a credit union and still despised their made up fees.
If you already have a bank fee on your account right now, call them up and simply tell them you are going to taking your account elsewhere if they do not remove the fee. It costs them nothing to charge you that fee or remove it.
These fee’s are literally made up to find ways to suck the money out of your account and put it into theirs! I worked at a bank. I sat in the meetings.. That was the whole point.
Even better, switch to a NO FEE bank! Yes they exist! I made the switch and LOVE it.
There are more options now, but I made the switch to SIMPLE and couldn’t be happier.
There is no reason to pay bank fee’s. Switch to a FEE FREE bank ASAP!
See you next week!
Dave | Creator of Money Badass