Portfolio Audit 2023: The annual review of my goal-based investments

I evaluate the performance of my retirement portfolio and my son’s future portfolio each year in a personal finance audit. This is the 11th edition. Published from 2013 onwards, these audits provide a sense of accountability and ensure I do not fall prey to fear of missing out, preventing bad investment decisions. They also point…

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How can the salaried class build wealth across generations

This article discusses how the salaried can build wealth across generations. I am passionate about this topic because I have witnessed wealth diminish within my family from generation to generation. I am determined to do everything I can to prevent this from happening in the future. My great-grandfather lived an upper-middle-class lifestyle during the 1940s…

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How to Defeat Analysis Paralysis in Investment Decisions

We discuss how investors can overcome analysis paralysis and confidently make investment decisions. Analysis paralysis is a frequently encountered issue in managing personal finances, impacting individuals in distinct ways. As an illustration, I can swiftly select a mutual fund and invest a substantial amount within 10 minutes. However, when choosing a health insurance policy, I…

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How do I invest an inheritance and pass it on to my daughter?

A reader sent us the following question.  “I’m an aspiring DIY investor and frequently read your posts on freefincal. I have also attended the goal-based learning tutorials on freefincal and found them very useful”. “Most of the analysis and approach I have read is on systematic investment planning. My question is, “How to plan, monitor…

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