Category: 401k and Personal Finance

Reading Time: 4 minutes Writing from my experience on credit card both from consumer (outside) and business (inside) perspective: meaning encourage more usage of the card via loyalty and rewards, make sure the card is on the top of the deck etc. I also understand Americans are addicted to the credit card to a large extent. Full disclosure: between

stlplace
February 21, 2024

Reading Time: < 1 minute Reasons for that: economy and layoffs – we have zero control on neither; at certain point, companies and organizations started to discriminate against older workers in terms of hiring and firing (layoffs), due to their potentially higher salary, higher healthcare expense, and so on. Surprising, at least for now, AI is the not main reason

stlplace
February 7, 2024

Reading Time: 2 minutes If you just want to look at the contractor list, it’s here. Basic Knowledge Living in the USA usually also means driving and owning a home. And we need some knowledge about the cars and the house. Even if we live in condo or apartments – in those cases we typically don’t need to mow

stlplace
January 20, 2024

Reading Time: < 1 minute The famous investor Charlie Munger used to say unfiltered* and he commented: every time you hear EBITA (Investopedia definition, note sometimes it’s also called EBITDA, where the D stands for depreciation), which stands for Earning before Interest, Taxation and Amortization (and depreciation), you replaced it with Bullshit earnings. More cheats, liars and lies I have

stlplace
January 7, 2024

Reading Time: < 1 minute I came across this term yesterday. You may search the Twitter (aka X) for more tweets on the topic. And this made me to think two small stock positions I have and I may have talked about them in my blog posts too: LEG (Legget and Platt) and SCS (Steelcase). I just did a bit

stlplace
January 2, 2024

Reading Time: 2 minutes Some friends asked me about the year end tax moves, such as the tax loss selling etc. Here is a good article on the topic – Tax-Loss Harvesting: What It Is, How It Works. My take on tax: this is at least secondary maybe even more down the priority list. The No. 1 priority in

stlplace
December 19, 2023

Reading Time: 3 minutes 油管:my Youtube 2022 video for BRK HQ video below (narration mostly in Chinese) Charlie Munger We know Charlie Munger (Wiki) passed away recently, and he was the vice chairman of Berkshire Hathaway: he had some influence on Warren Buffet’s investments over the years, including See’s Candy, Coca Cola and so on. Here is the free

stlplace
December 9, 2023

Reading Time: 2 minutes That is the S&P 500 index funds. This is similar to Warren Buffett’s recommendation. He actually has more recommendations beyond stocks or bonds. Anyway, I think for most people who are still in the wealth accumulation stage (I think most people before retirement is in this category), low cost stock index funds, plus some low

stlplace
December 3, 2023

Reading Time: 2 minutes I went to my 9 year old (4th grader)’s class recently and tried to talk about the “The Stock Market Game” (btw, it looks like my main winner is Nike for now 🙂 Below is something I shared in my daughter’s class. I also tried to answer some questions on individual stocks too, e.g., Adobe,

stlplace
October 29, 2023

Reading Time: 3 minutes Or rewards credit cards. Today I received an email from PenFed Credit Union and they are asking me to lobby the congress on rewards Credit Cards. I no longer have their credit cards, I used to have their reward cards, and earned quite a bit gift cards from them. Basically I redeemed the points for

stlplace
October 3, 2023
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