STAYING INVESTED — THE FINAL LESSON

One of the worst mistakes you can make is to switch into and out of stocks or stock mutual funds, hoping to avoid the upcoming Correction. It’s also a mistake to sit on your cash and wait for the upcoming correction before you invest in stocks. In trying to time the market to sidestep the bears, people often miss out on the chance to run with the bulls.

A review of the S&P 500 going back to 1954 shows how expensive it is to be out of stocks during the short stretches when they make their biggest jumps. If you…

Young people have the time to invest, but they don’t always have the cash. It’s just not any cash that can safely be put into stocks: it’s cash you can afford to live without for many years while it compounds.

The scenario we’ve seen in the case of Sandy Cartwheel would be the best and easiest place to start — Read the scenario here -> Learn to Earn by Peter Lynch #1

THE PERKS OF OWNERSHIP

Stocks are very democratic. If you want to buy a share and become an owner of the public company of your choice, the can’t stop you. And once…

Invest for the Long Term

Starting early and being patient is all you need to do to make a good return in the market. A small amount of money invested early is worth more in the long run than a larger amount invested later. People who need to pull their money out over a short period such as 1 year, 2 years or 5 years shouldn’t bother with stocks as there is simply no telling what the stock prices will do from 1 year to the next. This is something that can be seen by the current pandemic. …

Key Points from

Of the many things we’re taught in school, investing and saving is not one of them. The principles of finance are simple and easily grasped. One, Savings = Investment, as over the long term it’s not how much money you make. It’s how much of that money you put to work by saving and investing it. Though it doesn’t hurt to have a high starting point.

Invest Now — Enjoy Later

Learn from Joe Bigbelly’s mistakes:

• Bigbelly is 23 — Good 😃 (Young)
• Bigbelly works part-time at Wal-Mart — Good 😃 (Stable Job)
• Bigbelly lives at home with his parents — Good 😃 (Low Expenses)
• …

Please read from Key Lessons from Plato’s Republic — Book I, as this story is part of a broader series on Plato’s Republic.

Socrates has now completed the main argument of The Republic; he has defined justice and shown it to be worthwhile. Now, he banishes poets from the city. He has three reasons for regarding the poets as unwholesome and dangerous. First, they pretend to know all sorts of things, but they really know nothing at all. It is widely considered that they have knowledge of all that they write about, but, in fact, they do not. The things…

Please read from Key Lessons from Plato’s Republic — Book I, as this story is part of a broader series on Plato’s Republic.

Under the tyranny of erotic love he has permanently become while awake what he used to become occasionally while asleep.

In Book IX, Socrates introduces the tyrannical man’s long and strategically astute portrait. The tyrannical person is ruled by lawless desires, the kind of desires that occurs only rarely in dreams in normal individuals (desires for illicit sexual unions or heinous murders). …

Please read from Key Lessons from Plato’s Republic — Book I, as this story is part of a broader series on Plato’s Republic.

Now that Socrates has finished describing the just city, he begins describing the four unjust constitutions of city and man. The city-man pairs includes Timocracy, and the honor-driven man who resembles and rules that sort of government; Oligarchy, which resembles and is ruled by a man driven by his necessary appetites; Democracy, which resembles and is ruled by a man driven by his unnecessary appetites; and Tyranny, which resembles and is ruled by a man driven by…

Please read from Key Lessons from Plato’s Republic — Book I, as this story is part of a broader series on Plato’s Republic.

Socrates introduces the most exquisite and renowned metaphor in Western philosophy in Book VII: the allegory of the cave. This metaphor is intended to demonstrate the impact of education on the human soul. Education pushes the philosopher up the divided line, and eventually gets him to the Form of the Good.

The Allegory of the Cave

Socrates portrays a gloomy scene. Since birth, a group of individuals have existed in a deep cave, never seeing the light of day. Such entities are…