10350425_10102940515934325_1061710205122688594_n_large

Peter Koehler

Stop Chasing Yield

The mental benefits of passive investing

Silvrback blog image

In my last post I laid out step-by-step exactly how I manage and invest my money.

Most of my investment portfolio is in passive, diversified index funds. This means I don't choose any specific stocks myself, I simply invest in the world markets as a whole.

By definition, this means that I won't beat the market.

What?! Isn't the point . . .

Read More

April 24, 2017

How I Manage My Money Step-by-Step

A simple and effective approach to building wealth

A couple of years ago I wrote a post about How to Start Investing Today.

Since then, my basic investment philosophy has not changed, but some of my specific recommendations have evolved.

In this post, I reintroduce my investing philosophy and share my updated and specific steps for how I manage my money.

Who is this for?

This post . . .

Read More

April 23, 2017

How to Be a Day 1 Person

Silvrback blog image

Jeff Bezos likes to call Amazon a "Day 1 company."

We are all familiar with the feeling of Day 1. 

It's that feeling of the incredible first date, starting a new job, the first day of school, the beginning of the playoffs, or launching a new idea or product.

Day 1 is all about movement, momentum, hard work, and . . .

Read More

April 13, 2017

What to do with our weak minds

Us humans have weak minds. 

We stick to the status quo when we should be making a change.

We hardly ever change our minds, even when we're wrong. 

We make terrible, and easily avoidable, financial choices.

And we're scared of sharks, even though 733X as many humans are killed by freshwater snails.

But it's not all bad news . . .

Read More

April 02, 2017

Status Quo Bias

One of my favorite economists/philosophers, Tyler Cowen, has a great interview on the Ezra Klein Show, which I highly recommend.

At multiple points in the interview, they discuss status quo bias.

Status quo bias is exactly what it sounds like - an emotional bias in favor of the way things are.

The thing about status quo bias which is so . . .

Read More

March 30, 2017

This Is It.

We are studious in high school so we get into a good college.

We study and stress in college so we get a degree.

We use our degree to get a good job.

We work hard at our job so we can make a lot of money. 

We make a lot of money so we can retire!

And then ... 

... what?

It turns out, there is nothing special waiting at the end.

. . .

Read More

February 04, 2017

What is your MVW?

A lot of people have fitness resolutions for the New Year.

And most people make them WAY too ambitious.

It's really hard to start doing crossfit, or running, or yoga 3X per week, if previously:

  • You rarely or sporadically did that thing.
  • You don't have a specific program to follow.
  • You haven't specifically scheduled it on your calendar . . .

Read More

January 05, 2017

Archive