Stock Market Experiment Results – 3 Months

By |April 17th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

At the beginning of the year I decided to do a stock market experiment to see if randomly picking stocks is better or worse than expert picks. And to make it more interesting, I added a few more "funds" like a collection of stocks picked by personal finance bloggers, some I personally picked for Tag, and more. Now that it's

The First Step to $1 Million of Net Worth

By |March 29th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

I got a reader email that I had to share for two reasons. First, the question is about saving money and investing for retirement and it coincides very well with the Roth IRA Movement. Second, the reader is only 20 years old and is already looking at retirement savings!!!!!! This guy is a freaking BOSS!!!!!! We'll call him Military Mike,

Teach Someone About Roth IRAs Today

By |March 27th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

Today I'm a part of the Roth IRA Movement. Of for those of you on twitter, the #RothIRAMovement This all started with my good buddy Jeff Rose, who asked a group of over 50 college students to raise their hands if they knew what a Roth IRA was. Not a single person moved, except maybe to send a text or

A Roth IRA Isn’t Completely Tax Free

By |February 27th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

Last weekend I got a phone call from my cousin Tootie (not his real name, but a nickname I've used for him forever). He's a junior in college and most of our conversations revolve around sports so I was expecting to get some trouble about Mizzou blowing a 19 point lead against Kansas. Imagine my surprise when he told me

Can I Pick Stocks or What!?

By |February 7th, 2012|Categories: Blog, Personal Finance Tips|Tags: , |

At the beginning of this year I decided to start a little experiment with the stock market. I wanted to see how well some financial experts and the S&P 500 did against the stock picks of complete amateurs, as well as some very risky (or even random) stock choices. I'm tracking nine different "indexes" and if you're really curious to

Do the “Experts” Know Anything about Picking Stocks?

By |January 4th, 2012|Categories: Blog, Personal Finance Tips|Tags: , |

I've been investing in the stock market for over four years now, and at times it's been downright ugly. The only investing strategy that makes sense to me is buy and hold. Short term investing, even for just one year, seems like a complete crap shoot to me. photo credit: And since I'm not someone who likes

12 Stock Picks for 2012

By |January 3rd, 2012|Categories: Blog, Personal Finance Tips|Tags: , |

The first lesson in investing is “only invest in things you know”.  Sometimes it is tempting not to follow this advice as the grass always seems greener on the other side.  This mistake usually doesn't work in your favor, as you can see by my worst 2011 investment, which did not meet the criteria of “invest only in things you know”.

Join the Money Pros 2012 Index Fund Challenge

By |December 17th, 2011|Categories: Blog|Tags: , |

Do you like picking stocks? I do. I like it best when I pick the right ones, but just picking them in general is fun. If you think you can pick stocks better than a bunch of personal finance bloggers, you should join the Money Pros 2012 Index Fund Challenge. Enter the Money Pros Index Fund Challenge It's simple. You

Whatever Wednesday: Christmas, Covered Calls, and Cardinals

By |December 14th, 2011|Categories: Blog, Life|Tags: , , |

Today is yet another edition of Whatever Wednesday, where my twitter followers and facebook fans tell me what they want me to write about. I do whatever my fans say. Because I care. This week's article is brought to you by the letter "C". I'm talking ugly Christmas sweaters, investing, toilet paper, Cardinals baseball, net worth, and Christmas spending. Ugly

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Whatever Wednesday: Stock Market Gambling and Cheese Grilled

By |November 23rd, 2011|Categories: Blog, Life|Tags: , , |

In case you missed it last week, I've decided that until further notice, Wednesday is going to be Whatever Wednesday on Thousandaire. I'll ask for topics on my twitter and facebook on Tuesday nights and will write about what you want to read. If you want to tell me what to do, make sure to follow me and give me