Category Investing

Crypto : From Evil Criminal Network to Sensible Investment in just 18 months

It’s amazing how quickly the media narrative shifts. Crypto has gone from being portrayed as the payments network for SPECTRE Criminal Enterprises Inc. to sensible investment in just 18 months. If the speed of this change seems crazy to you, you’re not alone. Everything is speeding up One of the reasons that everything seems crazy these days […]

The 3 Flavours of Investment Risk

This post was first published in September 2019 and updated in December 2020. Most people think that investing in the stockmarket is dangerous. This is not really true. Catching Ebola is dangerous. Juggling chainsaws is dangerous. The stockmarket just contains some risks that you need to know about. And if you buy and hold a […]

Lessons from The Great Crypto Crash of May 2021

Last week I wrote about crypto and said it was in a bubble: Yes, this is a bubble. Yes, lots of punters will get rekt (as the lingo goes). Traders gonna trade and it’s not my job or your job to save them. And then, just days later, crypto markets crashed. It would have been […]

The Ten Commandments of Index Investing

Much of life is too complicated to be boiled down to just a few simple rules to follow. But it is possible to make investing clearer and simpler than the media and financial services industry have. So listen up heathens…here are the 10 commandments of simple low-cost equity investing. 1. Know thy purpose Money is […]

How To Build A Compounding Machine

Imagine a black box. Your job is to earn and save as much money as you can. You put the cash saved into the black box…into your compounding machine. Once you put the cash inside the box and close the lid, the magic starts to happen. Inside the black box the most powerful force in […]

Honey, I fired the wealth manager!

One of the great things about a blog is the comments, emails and other feedback from readers.  Best of all are reader success stories like the one I have for you today. Like everything good, the rewards of blogging are not always obvious at first. You share your insights and try to make the world a […]

How to break up with your wealth manager

Reader: OK, T.E.A. – I’m the customer of a wealth manager or financial adviser and I read your previous post on being screwed.  I’ve a nasty feeling I’m paying a shit load of fees for underperformance but I’m nervous about changing.  It would be hard for me to leave…who would I speak to when the news headlines are […]

financial independence

Day trading: Frankie goes to Vegas

Charlie Munger likes to invert problems. He says he’d like to know where he is destined to die. Why? He explains: “So I can then be sure never to go there”. Similarly, one way to get rich is to think about how to get poor…..and then do the opposite. A good example of this is day trading. […]

A tale of 2 bear markets

I have a confession to make. Along The Path to financial independence, The Escape Artist made plenty of mistakes, including the occasional cluster-fuck. Here is the story of how I screwed up in one bear market and learned the lessons to make money in the next one. In bull markets, investors often become complacent. As […]

Is your financial adviser screwing you?

I’m going to turn down a new job tomorrow. People keep telling me that I’ll need to get another job…for mental stimulation even if not for the money. They may be right about that, but this particular job is not for me. Its not because I can’t do the job. Its a wealth management role that […]