About Adam Woods

Adam Woods is a physicist. His research interests include building software to run and build geomagnetic models. Adam got interested in personal finance in the great recession when it became obvious an interest was necessary. After harassing his friends and family (and a short intervention) he took to the web where he blogs about finance, investment, politics, and economics. Adam is currently located in Boulder, Colorado where he can generally be found hiking, biking, or running a D&D campaign. He can also be contacted at adamwoods137@gmail.com.

Mailbag: Should I Stop Investing, Because Trump Won

By |November 18th, 2016|Categories: Blog|

You can email me at adamwoods137@gmail.com Hi Adam, I'm just starting out in my career and I think I'm ready to start investing.  I really expected Hillary to win the election. Now that it's Trump I don't know if I still should.  It looked like when Trump started winning the market dropped a lot. Thanks, Melanie Well, when

Should I invest in a Dividend Reinvestment Plan (DRIP)

By |November 10th, 2016|Categories: Blog|

Thanks to Andrew Magill for the image. The answer to this question is complicated and gets to the root of psychology and money.  If you're about my age, probably the best thing for you to do is to set your money in a total market index fund and ignore it until roughly retirement.  This is very probably the

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How does consignment work?

By |October 19th, 2016|Categories: Blog|

Sell your extra stuff.  If your in credit card debt, sell everything you reasonably can.  There are all kinds of cognitive biases (loss aversion, the endowment effect, and post-purchase rationalization) working together to make you want to keep stuff that you wouldn't buy today, even at the price you could get selling it used. "Have you ever noticed that

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How much to budget for auto maintenance

By |October 11th, 2016|Categories: Blog|

photo credit: flickr.com/27248028@N02 So, you own a car. You've heard that sometimes these things don't run in perfect condition forever.  Go figure.  So how much should you budget for auto maintenance? The answer is: about 15% of your income. So how much should you budget? If you make more money you could certainly spend more, but I suggest prioritizing

Pay off your student debt

By |October 4th, 2016|Categories: Blog|

Getting rid of this guy. You have to spend less than you earn. If you have $20,000 of student loans you have to spend $20,000 less than you earn plus an additional amount for interest. If you have a high interest rate (anything over 10%) this is an *emergency*. Debt that compounds at 10% or greater will double

How much should I save by 25?

By |September 14th, 2016|Categories: Blog|

The answer here is obvious. It depends, or variously as much as you can. Alright.  Probably what you care about is how much your peers have saved by this point? Well according to the US census bureau the median person between the ages of 25-34 has $6,676, in Net Worth.  This is possibly due to a significant amount of student debt overhang.  The problem with