I’m all but set up. I have some minor details to iron out but i’m very excited to get this project going.
I have no idea where this will lead me. The current Buffett Indicator ratio tells me the market is significantly overvalued. For all I know, the market could crash 10% tomorrow or go up another 20% in the following year. It doesn’t matter. This is a long term project.
So what’s the real reason behind this site?
To show that by using something so simple, you can in fact save and invest. It doesn’t have to be complicated. And you don’t need a lot to begin with. I’m starting this project with roughly $1,900. I will be saving about $50 weekly for this project. Something every American should be able to save. It doesn’t sound like much now but over time, it will add up. Financial gurus call this compounding. Albert Einstein called this the 8th wonder of the world.
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”- Albert Einstein