D 2021-07-29T20:09:06.685
L ToolsResources
P 844be25355260a277444e3aa6bec3e53ce2c0ffa0bf5bccb31169d2f38d9cbdf
U zie
W 4219
<h2>Tools & Resources</h2>
<h3>Could also be called how I learned all of this stuff.</h3>
<h3>Websites</h3>
* [https://www.mymoney.gov|US Government My Money website]
* [https://www.fdic.gov/resources/consumers/money-smart/teach-money-smart/money-smart-for-adults.html|FDIC Smart Money] course.
* [https://www.bogleheads.org/|Bogleheads] 501c3 ran Forum & Wiki dedicated to personal Finance.
* [https://www.reddit.com/r/FIREyFemmes/|Reddit FIREyFemmes] Reddit sub-reddit, also see their [https://www.reddit.com/r/FIREyFemmes/wiki/faq|FAQ] that lists other useful sub-reddits.
* [https://zerodha.com/varsity/|Markets, Trading and Investing Simplified] Zerodha's varsity website tries to educate one about Trading, Investing and personal finance.
* [https://www.fidsafe.com/|Fidelity Safe Documents] - A way to store important documents for your next of kin(given to them as you want or full access @ time of death).
* [https://www.whitecoatinvestor.com/|White Coat Investor] Doctor interested in FI blog
* [https://www.bogleheads.org/wiki/Retirement_calculators_and_spending|Financial Retirement/Independence Calculators]
* [https://www.portfoliovisualizer.com/|Portfolio Visualizer] Compare strategies across history.
* If you are going to hire an advisor, [https://www.sec.gov/investor/brokers.htm|check them out]. The Securities Exchange Commission keeps updated information on all these folks at: [https://www.sec.gov/investor/brokers.htm]
* [http://eyebonds.info/downloads/index.html|Some Excel Calculators]
* [https://investorsolutions.com/news-resources-calculators/#tabs|financial calculators] & [https://www.financeformulas.net/index.html|financial calculators]
* [https://mathinvestor.org/|Math Investor blog]
<h3>Books</h3>
* [https://www.etf.com/docs/IfYouCan.pdf|"If You Can - How Millenials Can Get Rich Slowly"] - William J. Bernstein.
* "The little Book of Common Sense Investing" - John C. Bogle
* "The Intelligent Investor" - Benjamin Graham
* "Budgeting 101" - Michele Cagan
* "The Ascent of Money: A financial History of the world" - Niall Ferguson
* "Choose FI" - Chris Mamula & Brad Barrett & Jonathan Mendonsa
<h3>Lectures/Academics</h3>
* Money and Banking: What Everyone Should Know - Michael K Salemi, PHD
* Financial Literacy: Finding your way in the financial markets - Connel Fullenkamp PHD
* The Art of Investing: Lessons from History's Greatest Traders - John M. Longo PHD
* Money Management Skills - Michael Finke PHD
* Understanding Investments - Connel Fullenkamp PHD
* Advanced Investments - Steve L. Slezak PHD
* Who Should Buy Long-Term Bonds? John Y. CAMPBELL & Luis VICEIRA, Harvard
* [https://en.wikipedia.org/wiki/Trinity_study|Safe Withdrawal Rate Study] Trinity University
* "Multifactor Portfolio Efficiency and Multifactor Asset Pricing" by Fama (JFQA 1996). [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2695535|link]
AKA proof the market is efficient.
* [https://www.collaborativefund.com/blog/the-psychology-of-money/|"The Psychology of Money"] by Morgan Housel
It has a mathematical proof showing MKT is efficient.
<h3>Timing The Market Games</h3>
Or games that will prove that timing the market is 99.999% of the time a terrible idea, and you shouldn't bother.
* [https://www.prudential.com/cdn/tools/out-smart-market/?toolcta=OFF|Prudential]
* [https://qz.com/487013/this-game-will-show-you-just-how-foolish-it-is-to-sell-stocks-right-now/|QZ.com]
* [https://engaging-data.com/market-timing-game/|Engaging-Data]
<h3>Safe withdrawal rate(SWR) -> how many times expenses you need.</h3>
i.e. for a 4%/yr SWR, you need 25 x your expenses/yr.
<p>
example:
I believe a 4% SWR is a safe starting point, I currently spend $40k/yr in expenses, how much $'s do I need invested?
<P>
<code>
40,000 * 25 = 1,000,000
1,000,000 * .04 = 40,000
</code>
<p>
<table>
<tr><th>SWR</th><TH>Expenses multiplier</th></tr>
<tr><td>4.5%</td><td>22</td></tr>
<tr><td>4%</td><td>25</td></tr>
<tr><td>3.5%</td><td>28.6</td></tr>
<tr><td>3</td><td>33</td></tr>
<tr><td>2</td><td>50</td></tr>
</table>
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