William Cowie's saved articles

Psychological studies of those who build wealth vs. those who stay in debt/poor their entire lives show a remarkable difference in outlook on fate. Those who were never able to build wealth seemed to blame fate: Read more

A HUGE piece of this is the part about not reading the news and checking the stock price. Seriously, looking at it every day and seeing the tiny, temporary highs & lows will make you think that you can actively manage your portfolio. But there are PILES of studies on how active trading reduces your overall gain, so… Read more

I'll exchange all my money for toilet paper. Just you wait, one day you guys will run out of it, and I will be the winner...!

Preferds really are an often overlooked asset class

And if it all out crashes and doesn't return it doesn't really matter whether you put money in or not. We're all monetarily screwed at that point. But if it does continue its overall incline there's a lot to gain.

I exchange all my money for gold and shotguns like Glenn Beck warns me to so when the coming Rapture/Revolution/Race War/Socialism/holocaust starts, I'll be ready. Read more