8 Money Mistakes You NEED to Avoid!

Feb. 10, 2019

Here is the video link.


8 MONEY MISTAKES YOU NEED TO AVOID (summary): #1.) Relying on the Hope Strategy: believing you’ll make lots of money and all your financial problems will go away (ie. starter entrepreneurs spending more money than they make). #2.) Having a spending problem = spending more than you can afford. (ie. Buying all the stuff you don’t need: cars, shoes, clothes, etc). Solution: spend less than you make. Save and invest the rest. #3.) Holding cash. Mistake: keeping your money in your account (cash). Inflation exists. Therefore the value of your money will decrease every year. Solution: invest your money and take advantage of the long term power of compound interest. #4.) Investing before paying debts. If you have debts with high interest rates pay them first before even thinking of investing. Otherwise your debts will compound at a higher rate than your investments. #5.) Not planning for medium term expenses. Thinking of your expense 2-4 months ahead will help you to avoid any unpleasant financial surprises in the long run. #6.) Not saving your money to help you think longterm. Living paycheck to paycheck keeps you in a short term mentality. Solution: put a little bit of many away every paycheck will help you shift into a longterm mentality when it comes to your financial goals. #7.) Not starting a side hustle if you don’t like your current job. 85% of people in the US don’t like their jobs. Yet more people choose to complain than do anything about it. Solution: in the age of technology, do something about it and start a side hustle. #8.) Not learning about investing. Fear of losing money keeps people away from the knowledge of investing. Solution: investing is like learning how to ski. You see people do it and it looks easy. Yet you try it and fall over and over again. But the more you practice the better you get. Learn how to invest.

Proverbs 13:7 "One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth."

Feb. 10, 2019

Introduction

It is my favorite verse today. I read it first time, but I like the statement. One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth. 

45555 YALE ROAD, Chilliwack, British Columbia V2P0A9

$199,900 CAD

$845/moGet Mortgage

Get your credit report & score

• 1 Beds
 
• 1 Baths
 
• 635 Sqft

Property Type

Condo

MLS® Number

R2335934

Year Built

2008

Date Added

29 January 2019

Stories

1

Basement

None

Location

Neighborhood

Chilliwack Proper

Postal Code

V2P0A9

Description for 45555 YALE ROAD

ATTENTION First time Buyers and Investors!! Come and see this great 1 bedroom 1 bathroom condo in "The Vibe"! Completely redone from top to bottom this immaculate unit features a brand new kitchen with stainless steel appliances, quartz countertops, and beautiful tile backsplash. Fresh paint, and new contemporary vinyl flooring give this unit a modern feel. Other features include, new lighting and blinds throughout, as well as a new vanity and dual flush toilet in the ensuite. Superb patio has access from both the master bedroom and living room. Centrally located to all amenities, the highway and new Molson Brewery! Rent out or live in today! (id:1937)

Here is the link.

Home price:  $199,000

Down payment: 20%  $39,980

Mortgage amount: $159,920

Rate type: Fixed

Term: 5 years

Location: Chilliwack

Scotia bank  3.69% $815

45744 SPADINA AVENUE, Chilliwack, British Columbia

Here is the information. Here is the link.

$174,900 CAD

$739/moGet Mortgage

Get your credit report & score

• 2 Beds
 
• 1 Baths
 
• 785 Sqft

Property Type

Condo

MLS® Number

R2335507

Year Built

1982

Date Added

26 January 2019

Stories

1

Home price: $174,900
Down payment: 20% $34,980
Mortgage amount: $139,920

Rate type: Fixed
Term: 5 years
Location: Chilliwack

3.69%, $713/ month

#1 Difference Between The RICH And The POOR 💸

Here is the link.

How To Make Passive Income vs. Leveraged Income (With Dan Lok)

Here is the link.

Why it is important to keep good relationship with friends?

February 9, 2019

Introduction

It is my personal finance research. I like to write a good quality blog related to the topic.

Facts

One thing I have to do is to gather facts from my personal experience.

1. In 2009, I filed an appeal for leave case in Canada Federal court. I need to provide a Canada post office address. I asked the help from my Shanghai Jiaotong University classmate and we stayed the same dorm 7 of us 4 years from 1984 to 1988. Both of us are Christians, we worked together very well on my case, and I decided to choose to live in the city of Vancouver.

2. I will think carefully and write a few more friends.

Why I choose to write every day?

Feb. 9, 2019

Introduction

It is Saturday and this 4:00 PM I have to go to party to meet my Shanghai Jiaotong Univeristy classmates in the city of Vancouver. I have to learn from friends and also keep good relationships. I start to share my blogs related to personal finance, since all my friends have 10 times more compared to my wealth.

Feel good to share with friends

I have full time job, and I also work on a few project last two weeks. I need to find a renter for my Florida Boca Raton condo, and I need to give out guidance to my nephew related to his principal application. I have to follow up wealthy friends and also keep them entertained. One of them is to share my personal finance blogs.

I choose not to be a driver for my rich elder sister. I was naive and paid $500 dollar for renting a car, a brand new car with 3000 miles, I took risk and spent time to drive one day to Yosemite in 2014; I decide not to be a servant to my sister. I need to save those airline ticket, rental fee of car, risk of car accident which may bring me a lot of trouble. One idea is to stay distance from wealth friends and relatives.

Dan Lok: 5 High Income Skills That Made Him Over $10M - NO COLLEGE REQUIRED!

Here is the link.

Solomon's Proverbs: Money

Here is the link.

Blog keyword search: lottery winner

Feb. 9, 2019

Introduction

It is my favorite reading when I feel tired and like to learn something related to money. I search my blog using keyword: lottery winner, here are blogs to read.

Case study: IRA CD 4010 from 2006 to 2019

Feb. 9, 2019

Introduction

It is my personal finance study. I started the research starting from Nov. 2018. Tonight I spent more than two hours to sort all papers related to 4 CD accounts from New York community bank. I like to case study No. 1 account from 2006 to 2019.

Case study

First of all, I am still pushing myself to learn how to manage accounts. This is the first time I decided to spend time to sort out all CD statements, and then staple all statements for one account together.

I just could not believe that it is such great feeling. I have luxury time to review my own finance statement, and then look into the issues. How should I do in order to manage accounts and do it proper way.

My belief is that I have to build good finance habits first. In order to grow rich and build wealth, I have to learn and train myself to take business seriously.

Facts to review

I chose easy way to put No. 1 account with New Community bank CD. Since I experienced 2002, 2008 recession, I sold all stocks and IRA, and took the loss.

One thing is that I did not spend time from 2010 to 2018 November to study finance and investment at all.

What I like to do is to check in all statements in github, and then share in juliapersonalfinance. I was so glad to learn from my own experience. Even though I only made the interest from CD from 2006 to 2019.

Financial date quick review

It is hard for me to understand the account with balance and changing interest rate, from high 5.20 to low 1.095.

I like to play with those numbers and then try to figure out something basic things.

Account No: 4010

Year       Interest
2008       5.070
2009       4.163
2010       1.095
2011       1.489
2012       2.230
2013       2.230
2014       2.230
2015       2.230
2016       2.230

Year       Amount
2007       5,597.26
2008       5,730.42
2009       5815.10
2010       6052.43 <- add more than $3000 IRA this time ?
2011       10,549.99
2012       10830.00
2013     
2014     
2015       11324.19
2016       11579.55
2017
2018
2019       12,409

One statement a time

I saved some statements by looking up my paper work. I try to read those finance data and figure out how I should manage better if I have chance.

Date: 2008-01-25
Current interest rate: 5.070
Current APY: 5.20
Next renewal Date: 3/3/09

Date: 2009-08-03
Current interest rate: 4.163%
Next renewal date: 9/09/2010

Reinvestment date: 9/09/09
New maturity date: 3/09/10
New interest rate: 1.095
New apy: 1.10%

Actionable Items

I need to look up data from Form 5498 in order to get the balance for the account 4010.

It is hard for me to figure out the detail since I did not do annual checking for this account. It is hard for me to figure out the detail, but at least I made some interest and compound interest amount based on this account.

meetup finance

Feb. 9, 2019

Introduction

It is the first time I attended the meetup hosted by 9cat related to finance. I went to Burnaby meetup in the van city community room in town center of Logheed mall.

Take some notes

This week 9Cat Burnaby meetup topics

讲座：初创公司融资概论
主讲人：Andy Tian

关于Andy Tian

Andy Tian是UBC的MBA master of Finance。现在是一家温哥华的新创公司的合伙人，资本管理公司Goldenwise Capital Management (hedge fund）的投资分析师，在中国有三年的证券及衍生品职业交易员的经历。

Lecture: Financing for startups： an overview
Lecturer: Andy Tian

About Andy Tian

Andy Tian is UBC MBA master of Finance. Now Vancouver startup cofounder. Investment Analyst of Goldenwise Capital Management (hedge fund), 3 years of Equity and derivative trader in China .

Friday, Feb. 1, 2019
7:30 PM to 10:30 PM
Every week on Friday

VanCity Community Room
3977 north road, Burnaby, BC

My notes

I did take some note in hand writing. I like to look into later. 

DIVIDEND STOCKS 🤑 Basics of Investing with Dividends

Here is the link.

DIVIDENDS! 💸 Safest Way To Get Rich?

Here is the link.

Your social security statement

Feb. 7, 2019

Introduction

It is my personal finance research. I have to spend time to look into those statements. I worked in United States for a few startup companies from 1998 to 2007. I have to look into and then I like to push myself to learn more related to USA social security benefits.

STOCK MARKET FOR BEGINNERS 📈 How To Invest As A COMPLETE Beginner In 2019!

Here is the link.

2:31 - Intro (Realistic Expectations) 9:07 - Lesson #1 (Buy Low, Sell High) 14:57 - Lesson #2 (Ignore the Noise) 20:20 - Lesson #3 (Stock Market = Pendulum) 24:12 - Lesson #4 (Invest in What You Know) 27:45 - Lesson #5 (Plan Out Your Investments) 30:39 - Lesson #6 (Diversify) 34:18 - Lesson #7 (Low Share Price Doesn’t Equal Cheap) 37:19 - Lesson #8 (The Value of Money) 42:50 - Lesson #9 (Speculation) 45:10 - Lesson #10 (Timing the Market)

How to build my own personal finance curriculum?

Feb. 7, 2019

Introduction

It is my personal finance research. What I believe that one person can grow rich if he/ she is well educated in terms of personal finance. I like to learn more about personal finance. The most challenge is how to be a smart and efficient self-learner.

Curriculum

I like to learn some basic terms, work on some math related to finance, and learn some principles. I like to find some good books, mentors, and also community to build and share and grow together.

1000 hours personal finance research

Feb. 6, 2019

Introduction

It is time for me to make plans in terms of what to work on after work and weekends. I like to spend some time to do personal finance research. I chose to start to work on personal finance research in Nov. 2018, and I like to continue and push myself to learn more. One thing I can do is to work on personal finance research and learn 1000 hours first.

Ideas to look into

I like to find projects to work on.

Ryan Scribner

Feb. 6, 2019

Introduction

It is time for me to plan what I should learn in terms of personal finance research. I like to work on something related to stock market, but I do like to learn something first. Ryan scribner is the channel I like to spend time to learn.

HOW TO VALUE A STOCK 📈 When Should You Buy A Stock?

Here is the link. 

Try to live on $100 grocery

Feb. 6, 2019

Introduction

It is my personal finance. I like to figure out how to live one month and only spend $100.00 dollars in grocery. How can I do that?

My short term research

I like to figure out how to make a living in one month to spend only $100 dollars on grocery. Can I do it? How can I do it?

I like to have some weight control and one idea is to cut down the expense. I need to look into how many unprocessed food for me to consume. What time/ how often should I shop for grocery?

6 Great Financial Goals to Set for 2019 | Phil Town

Here is the link.

- Set a budget. 4:03 - Make a savings goal for yourself. 5:34 - Pay off bad debts. 6:26 - Get your credit in check. 8:01 - Get your taxes done early. 8:44 - Take some time to research companies to invest in. 11:30

6 Money Traps to Avoid in Your 30s | Phil Town

Here is the link.

1 1:04 Buying a car out of your price range 2 3:14 Buying a home out of your price range 3 4:31 Spending too much going out 4 5:30 Having an expensive significant other 5 7:00 Paying too much for credit card bills 6 8:08 Not investing.

"If you buy things you don't need, you will soon sell things you need" .....Warren Buffett

Case study: 2012 citi credit card statements

Feb. 6, 2019

Introduction

It is my personal finance research. Today I got 12 statement of citi bank credit card statement in 2012. I like to case study the expenses on the citi credit card.

Case study

It is the third year I worked full time starting from 2010. I decided to take a vacation in January, I started with asset in Canada with $17,000 US dollars, but actually spent over $5,000 Canadian dollars for one month vacation.

I review all possible mistakes I made, and I like to push myself to learn.

One is to choose wrong time to take vacation. I paid $1050 US dollars for Air Canada ticket. This is the first vacation I took after I landed in Canada in 2010.

My analysis

I should choose slow season to take vacation. I can get ticket around $550 Canadian dollars in May. I should review my shopping habit and learn how to avoid those shopping expense around $500.00 dollars.

Actionable Items

I need to look into how to take vacation to China. How to reduce cost and also discipline myself in terms of shopping using credit card.

It is so easy for me to save $500 dollar on airline ticket if I choose the vacation in April instead of January.

I should study Air Canada ticket round trip to Canada, and learn how to time the market in the lowest point.

One thing I like to push myself to learn is to learn to spend minimum on vacation. I should understand that the expense should be income - savings. If my asset in Canada is less than $20,000 dollars, I should not spend $4000 for a vacation.

Also if I cannot control expense on clothing, I cannot control my personal finance at all.

NEXT MARKET CRASH: 10 Ways To Make Millions As An Entrepreneur

Here is the link.

53 Best Dividend Stocks for 2018 and Beyond

Feb. 6, 2019

Introduction

It is my personal finance research. I like to push myself learn more about finance. One thing is to read about more companies with dividends. One of companies is ITW. I went to interview in 2006. Here is the link.

14 Retirement Mistakes You Will Regret Forever

Feb. 6, 2019

Introduction

It is my personal finance research. I have to push myself to read more content related to stock market and other investments. Here is the article I like to read called 14 retirement mistakes you will regret forever.

My favorite learning

It is mistake 11: Avoid stock market

Shying away from stocks because they seem too risky is one of the biggest mistakes investors can make when saving for retirement. True, the market has plenty of ups and downs, but since 1926 stocks have returned an average of about 10% a year. Bonds, CDs, bank accounts and mattresses don't come close.

"Conventional wisdom may indicate the stock market is 'risky' and therefore should be avoided if your goal is to keep your money safe," says Elizabeth Muldowney, a financial adviser with Savant Capital Management in Rockford, Ill. "However, this comes at the expense of low returns and, in fact, you have not eliminated your risk by avoiding the stock market, but rather shifted your risk to the possibility of your money not keeping up with inflation."

We favor low-cost mutual funds and exchange-traded funds because they offer an affordable way to own a piece of hundreds or even thousands of companies without having to buy individual stocks. And don't even think about retiring your stock portfolio once you reach retirement age, says Murphy, of Fidelity Investments. Nest eggs need to keep growing to finance a retirement that might last 30 years. You do, however, need to ratchet down risk as you age by gradually reducing your exposure to stocks.

12 Excellent Tenant Screening Questions You Cannot Fail to Ask

Here is the link.

How to Save Lots of Money If You’re a Big Spender

Here is the link.


TIMESTAMPS Save your loose change. 0:45 Apply the 24-hour rule. 1:44 Turn your bad habits into savings. 3:08 Pay yourself first. 4:19 Have a no-spend month. 5:15 How to buy and save. 6:31 Save in stages. 7:45

How To Save Money Fast - 18 Money Saving Tips

Here is the link.

HOW TO SAVE MONEY FAST - 5 TIPS FOR SAVING MONEY

Here is the link.

FrancisKong.com: Mastery and Discipline

Here is the link.

10,000 hours rule - discipline

Mastery and discipline - go to chores, and build up levels by expertise. The discipline is the key to the mastery.

What Really Makes The Rich Get Richer And The Poor Get Poorer - The Five Laws Of Gold

Here is the link.

1. Pay yourself first

3:11/ 8:09
2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

Book: How an economy grows and why it crashes - Peter D. Schiff

Here is the video link.

0:56 / 9:34
Reality check:

The possibility of using tools, alongside reduced consumption and risk taking, creates financial wealth.

How is Wealth Created | Savings and Investments

Here is the link.

Write a letter for my relative as a principal applicant

Feb. 4, 2019

Introduction

It is hard for me to help my relative to learn how to listen to others. I got a letter from Hong Kong immigration office called procedure fairness letter yesterday. I plan to write a letter and explain what happened and ask for the help if need. We will get another certificate but China is celebrating Chinese new year and it may take a few days break every office in China.

Being a sponsor

In order to sponsor my young relative, we have to do DNA test and also provide death certification of my late mom and father. We got letter in Dec 5, 2018, and we need to mail the document before Jan. 19, 2019. My relative sent out the package but Hong Kong visa office did not receive the letter before Jan. 19, 2019 deadline.

There are two possible reasons. One is the person picking up the mail for expedite mail did not do the work; The second one is that my relative did not put any reference related to client number or application number in the package.

Brain Dump 🧠: Turn Creative Thinking Into Pure Profit

Here is the link.

How to Invest: Top 9 Ways to Invest $10,000 💰(real life strategies)

Here is the link.

#1 Wealth Killer 💰❌ (screw the latte. This is WORSE)

Here is the link.

How The Wealthy Get Richer (7 strategies revealed)

Here is the link.

7 Financial Skills I Wished I Would Have Learned in High School

Here is the link.

#1: How Credit Cards and Interest Rates Work #2: How to Balance a Checkbook #3: Budgeting Basics #4: The Power of Compound Interest #mindblown #5: How to Build Credit (or not ruin it) #6: Investing and Stock Market Basics #7: How to Start a Biz-nass

Behavioral finance topics

Here is the link.

Mental accounting
Prospect theory ( Part 1)
 - Loss aversion, sun fallacy

Prospect theory ( Part 2)
 - Status quo bias, endowment effect, regret aversion

Money illusion and bigness bias

Anchoring and confirmation bias

Overconfidence

Herd mentality

Role of emotions

NEXTERA ENERGY (FPL)

Feb. 4, 2019

Introduction

It is my personal finance research. I did purchase FPL stock in 2001 20 shares with $55.00 dollars. Now the price is $177.82 dollars.

2001 IRA account stock purchase

DIY CLEANERS: My NEW Cleaning Kit! (Baking Soda, Vinegar, Essential Oils, Castile Soap & More!)

Here is the link.

How to Clean a Bathtub & Shower! (Easy Bathroom Cleaning Routine)

Here is the link.

Save Money! 10 Ways to Make Your Groceries Last Longer! (Clean My Space)

Here is the link.

HSN | Suze Orman | Suze Tips: Three Keys to Financial Freedom

Here is the link.

Live under your mean within your need.

Suze Orman shares how to plan for retirement today: work until 68, if you have a job.

Here is the link.

Mark Cortazzo, CFP®, CIMA®

Here is the profile page.

Hedge Your Nest Eggs Against Volatile Market Swings

Here is the link.

May 5, 2019 3:57 PM

I played the video again and I like to write down main ideas from the interview.

How can individuals How can individuals hedge their nest eggs against volatile market swings? Three experts join us with different diversification solutions. Top rated financial planner Mark Cortazzo specializes in guaranteed income investments, Peter Crane is the king of cash equivalents, and Jim Lebenthal is a veteran of the municipal bond world.? Three experts join us with different diversification solutions. Top rated financial planner Mark Cortazzo specializes in guaranteed income investments, Peter Crane is the king of cash equivalents, and Jim Lebenthal is a veteran of the municipal bond world. Broadcast on March 28, 2008.

Book: The total money makeover

book: Money master the game

Simple Steps to Financial Freedom

Here is the link.

FAU has medicine school

Feb. 3, 2019

Introduction

It is tough for me to work on marketing and sales as a home owner near Florida Atlantic University. I have to push myself to serve people better. One thing is to find a new renter in the current market.

A few ideas to work on

One thing to be a home owner in Florida is to push myself to reach out Chinese community near FAU campus; I have lived there over 14 years. I tried so many things but I like to learn to build wealth.

Wealth like a tree, starts from a seed.

Case study: 100 minutes mock interview

Feb. 3, 2019

Introduction

It was a mock interview and I had very good discussion with an experienced software programmer and we worked together and discussed the algorithms over 100 minutes. The interview date was Jan. 31, 2019 10:00 PM - 11:50 PM.

Case study

I like to write down a case study for this mock interview.

Andrew Lo

Here is the link.

In Pursuit of the Perfect Portfolio: Robert J. Shiller

Here is the link.

Robert J. Shiller: Anxious about the Next Bubble

Here is the link.

Robert Shiller - On Home Prices Always Going Up

Here is the link.

My reading plan

Feb. 3, 2019

Introduction

It is my personal finance research. I try to know more about people and also I like to read more well-written article. The goal to read is to push myself learn how to think and analyze based on financial problems.

Reading plan 

Here is the website for me to read called Rober J. Shiller - The New York Times.

Unless Flipping, Buying a Home Not a Good Investment: Shiller (7/18/13)

Here is the link.

Robert J. Shiller

Here is the link.

Best Investment Advice From Economist Robert Shiller | Money | TIME

Here is the link.

Financial English VV 51 - Company Finance and Startups (1) | Business English Vocabulary

Here is the link for 8:50 minutes video.

Financial Terms You Need To Know!

Here is the link.

MoneyTrack Ep. 306: Straight Talk with John Bogle

Here is the link.

12:57/ 25:38

Bogle's Financial Plan

1. Own a diversified stock portfolio
2. Own a diversified bond portfolio
3. Increase bond to stock ratio with age.
4. Reduce brokerage fees.

The Aspen Institute

Here is the link.

Vanguard Founder Jack Bogle dies at 89

Here is the link.

LOUIS RUKEYSER

Here is interview I like to watch.

new economic thinking

Here is the link.

Emma Coleman Jordan

Here is the law profession profile.

What if I plan to go back to China?

Feb. 2, 2019

Introduction

It is my personal finance research. I like to look into the topic called "What if I plan to go back to China?"

Canadian citizen

I chose to become a Canadian citizen as soon as possible once I landed in Canada in 2010. I need to find a place that I can retire.

I became a Canadian citizen in November 2014. I start to work on a series of problems and learn how to solve them one by one.

One of them is to build wealth and grow rich. I notice that I start to experience difference when I turned 50 years old.

What if I plan to go back to China?

Vanguard Founder Jack Bogle's '90s Interview Shows His Investing Philosophy

Here is the link.

Read books by John C. Bogle.
1. The little book on common sense investing.
2. Bogle on mutual funds
3. Common sense on mutual funds.
4. Bogle on investing, the 50 years.
5. Enough
6. Clash of Cultures.
7. Character counts.
8. Battle for soul of capitalism .

My best coaches in personal finance

Feb. 2, 2019

Introduction

It is my personal finance research. I started from November 2008. I started to find so many coaches through books and youtube videos. I like to write down top 10 best coaches and then I need to push myself to learn better.

My top 10 coaches

1. Top 1: Francis Kong
2. Top 2: Suze Orman
3. Top 3: Tony Robbins
4. Top 4: Jack Bogle
5. Top 5: Our rich journey - youtube.com
6. Top 6: Rebecca Bustamante - Thought leaders
7. Top 7: Lottery winners end up broke - case study 20 winners
8. Top 8: Barbara corcoran - one hour talk
9. Top 9: Dave Ramsey - learn how to do plastic surgery, here is the talk
10. Top 10: John Carreyrou's bad blood book - here is the link

My three months self-learning

I try to cover as many as topics I can, and also I find that the learning is so exciting and also enjoyable. It is so painful for me to review my past experience, and I like to push myself to learn the basics.

Discipline is Key to Everything

Here is the link.

Discipline is to delay gratification. Push yourself to complete the task and then enjoy the benefit later.

Case study: Scotia US dollar saving account

February 2, 2019

Introduction

It is my personal finance research. I like to look into my Scotia us dollar saving account, and then I like to push myself to learn from my mistakes; I need to push myself to learn more about personal finance.

Case study

Here are the list of things for me to do.

1. Get together all copy of statements from my paper records.
2. Sort them by the year.
3. Take picture for last statement for each year.
4. Check in my github folder
5. Share my personal finance github folder
6. Create an excel sheet with all the balance
7. Ask questions, and talk about mistakes I make on those years
8. Brainstorm ideas how to manage those balance

Budget time to work on the account 4 hours+.

Analysis of my saving account

I learned on Feb. 1, 2019 that Vanguard US index fund VUSXX has 2% yield. I should move those fund from 2010 October to my USA chase checking account, and transfer the fund to Ameritrade account.

Case study: New york community bank IRA CDs

February 2, 2019

Introduction

It is my personal finance research. I like to put together all the information I have with New york community bank IRA CDs, and I like to look into the issues I have, how I should improve my investment through 1999 to 2019. 20 years is long time, but I do not fully use those time to create wealth.

Case study

I had more than 4 years full time jobs as a software programmer in United States, all of them are startup when I started. I did invest 401 K for all four companies.

Here are the facts for me to review, I need to push myself to find problems in terms of finance habit, and learn how to manage risk, and evaluate best options with those 20 years.

weekly contest 122

Feb. 2, 2019

Introduction

It was so exciting to play the contest again. I did work on three algorithms, but I misunderstood the requirement for the last algorithm, and then I did not have enough time to finish the third one, I submitted the solution and the code passed online judge just one minute after the contest.

My performance

Here is my ranking.

Q2 - here is my discussion link on Leetcode.com using suffix, here is the link for prefix.

Solution failed to pass the test case in the contest:
Q4 - here is the discuss link.

Solution submitted after the contest, just one minute after the contest:

Q3 - here is the link.

Personal finance research is so exciting

Feb. 2, 2019

Introduction

It is so amazing experience to work on personal finance research. I have math major, once I work on numbers then I do not want to stop. I think that this personal finance project can last forever. I have s o many case study on my past experience, and I have so many videos to watch and books to lookup. Life is so exciting once I learn to work on my personal finance.

I am three month old finance baby

Learning finance is so much fun. I have so rich experience to play with so many things. I have financial difficulty to afford a home in Vancouver area. Every time I think about my age and financial situation, my tears can easy come out and then I have to push myself to learn how to value my time and every dollar I own.

I love every dollar I make, but I love to learn how to count the dollar and try to save one. 

Jack Bogle on Index Funds, Vanguard, and Investing Advice

Here is the link.

1.Bogle on Mutual Funds (1993).
2. Common sense on Mutual Funds.(1999)
3. John Bogle on Investing (2000).
4. Character Counts (2002) .
5.The battle for the soul of Capitalism.(2005)
6.The little book of Common sense Investing.(2007).
7.Enough (2008)
8.Common Sense on Mutual Funds .Fully Updated 10th Anniversary Edition (2010) A MUST READ.
9. Don't Cont on it.(2011).
10. The Clash of the Cultures. (2012).

Rana Foroohar

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A Conversation with John C. Bogle

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John C. Bogle - The Battle for the Soul of Capitalism

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Vanguard Webcast: Vanguard Founder Jack Bogle marks 65 years in the financial services industry

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John Bogle, Founder of The Vanguard Group | A Motley Fool Special Interview

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Case study: 2009 credit report

February 2, 2019

Introduction

It is my personal finance research. I spent time to review my IRA CD performance from 1999 to 2019, and then I came cross my 2009 credit report paper copy. I searched the hard disk but I could not find the electronic copy. I like to case study the credit report.

Case study

I am very happy to retrieve my home equity line balance from 2007 Dec. to 2009 October. I like to look into the decision making behind those transactions behind the home equity line.

I did withdraw $30,000 US dollars from home equity line after I left full time software job from one year full time job as a software programmer in Oct. 2007.

Best buy/ HSBC
opened on 04/2002, high balance $1964.00 for SONY laptop I purchased.

Home depot/ citibank

Date opened
07/2003
high balance
$3590

I put tiles on the floor and paid home depot to hire the contractor in 2003.

Actionable Items

I like to push myself learn personal finance. One idea is to look into those financial data, and learn from the experience. What mistakes I have made in those years.

One of ideas to lower the risk and cost reduction is to purchase used car, and cheap laptop, and carefully monitor the expenses. I should pay attention to mini leaks and major leaks in terms of annual report, decade report.

I also have to learn how to be an intelligent person, avoid emotional decision making; I should always consider alternative cheap ways to solve problems. I should not pay any expensive service from any one in the world. I just use common sense and take some risk to evaluate the situation by myself.

Big mistake in 2002

I found out in Feb. 2019 I sold VIGRX fund in Feb. 2002 with loss $1900, originally I bought $3000.00 dollars in 2001; later in Oct. 2002, I purchased most expensive laptop in my life, SONY.

If I hold the fund VIGRX, then it is worth $10,000 US dollars.

I remembered that I told my friend in 2002, I helped the economy, I paid my mom to visit Florida second time after I lost the job in 2001; I purchased the laptop in 2002; I gave away cash $2000 US dollars for expense of my mom's trip in China.

I will look into this issue later. Once I learn more about personal finance, I should have ideas how to think and make personal finance decisions.

An Evening with John Bogle: From Wall Street to Your Street

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38:00 / 55:04

Question: 401 K price went down half price
Answer:

MoneyTrackTV

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MoneyTrack Ep. 201: A True Investing 101

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17:12/ 26:58
Investing 101 with Guest professor
John Bogle

18:16/ 26:53
Your emotions can make or break your success.

Your emotion tells you to buy when it is high.
Your emotion tells you to sell when it is low.


Balance stock with bonds to stabilize your

19:17/ 26:53
Why do index funds cost less?

- Low overhead costs.
- No need for money managers.

Why are Index Funds so popular?

You keep the profit.

Lange-Bogle 9: Time is Your Friend, Impulse is Your Enemy.

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In Pursuit of the Perfect Portfolio: John C. Bogle

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Investment Legend, John Bogle Shares the Investment Lessons of a Lifetime

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