This week saw some drops in the market in the middle of the week more than wiping out any gains made on Monday or Friday. The Dow industrial average ended basically flat with a 0.06% gain for the week whereas the S&P 500 and Nasdaq ended down 0.89% and a whopping 3.73% respectively.
I primarily use Webull for individual stocks and while my portfolio there is still up overall, this past week it took a bit of a beating and ended up down over 2% for the week.
If you are interested in opening a Webull account, they do offer a couple of free stocks for signing up and making an initial deposit. I’d appreciate using my affiliate link to sign up.
Vanguard is a great brokerage to get started with investing in the stock market and in fact, was the first brokerage I setup. Vanguard’s low-cost market index ETF and mutual funds revolutionized how retail investors can invest in broad-based market funds at a reasonable cost. Vanguard has been around for a long time and isn’t going to be going anywhere for the foreseeable future. So let’s go ahead and open an account so we can get investing in the markets.
These days a lot of people are interested in starting a side business to help supplement their income but are not fond of fronting a bunch of cash to get started. Fortunately, there are businesses you can start from your home with little upfront cost. Continue reading “Small Investment Side Business”
People often ask me why I don’t just stop working and bake full-time or open a bakery in town. There are several reasons, the biggest being I am not much of a risk taker. I enjoy having a full-time job, knowing that as long as I work there I will have a paycheck. I like that I work from home and I am not adding a business mortgage or lease to my expenses. I would also have to make a lot of cakes to make a living wage, and a good cake is very time-consuming. I like knowing that my budget is based on my salary and any extra from my side business is a bonus. Continue reading “Side Business Joys”
Out with the old, in with the new. Each year before Christmas I take some time to clean out items and clothing we no longer use in anticipation for all the new items that will be coming in later. Early November is the perfect time for this for various reasons. Continue reading “Out With the Old…”
Good Morning America did a piece about Ryan Grant a former accountant that now makes a living from selling products on Amazon through Fulfillment by Amazon. Ryan is doing what’s called “Retail Arbitrage”, buying goods on sale or clearance at a discounted price and then selling them in another place (in this case Amazon) at a higher price, the old adage of “buy low, sell high.” The video does a good job of going over the basics of getting set up and starting but really glosses over the fees and costs and how to account for them. I also have a hard time picturing that he’d be able to source $4 million in goods to sell just from clearance racks, but that could just be because of my perspective of doing something similar in a small town. Otherwise, it’s a great success story and is kind of inspiring of something to aim for.
The last half of October was really busy for us and included a vacation to California. So the time we needed to spend between getting ready for that and “recovering” after we got back, we made the decision not to purchase much inventory before then and haven’t had much time afterward to pick up much either. There’s still some stuff that sold that I want to talk about in this post. Continue reading “Our Buys and Sells From Late October (2017)”
When it comes to being a saver and a spender, I tend to be both. I love to shop, update things and have some convenience in my life. I also want to be sure to save money and not live beyond my means. To keep a good balance, it is all about balance. Here are a few of the areas we choose to spend and save. Continue reading “Budgeting, Spending Priorities and Little Luxuries”