2020 was an interesting year, to say the least. What started off as a seemingly normal year, quickly turned into a year never experienced before (and hopefully never experienced again.) Stocks started 2020 off strong, however, the emergence of COVID-19, and the subsequent lockdowns caused the market to drop approximately 35%. The market rebounded quickly and reached new all-time highs at the end of the year. Retailers, airlines, and cruise stocks got crushed. E-commerce companies such as Amazon (AMZN), Shopify (SHOP), and Etsy (ETSY) thrived. Electric Vehicle (EV) companies became the next hot ..read more

If the coronavirus pandemic has taught us one thing about personal finance, it’s that tackling debt should be a priority during good financial times. When debt is used appropriately, such as buying a house, it can enhance our lives and help us build wealth. However, when debt is used inappropriately or excessively, it can have dire financial consequences. I think the use of debt will increase in the short term because interest rates are so low. The key to debt is to use it wisely to pursue your financial goals in a risk-appropriate manner. In this article, I will present two well-known methods ..read more

Well, that was fun! Now that quarter two 2020 has ended, it's time to provide a brief market and portfolio update and highlight some of the main events that happened in the market this quarter... The post Quarter Two 2020 Market and Portfolio Update appeared first on The Trail To Wealth ..read more

COVID-19 = Health concerns, missed paychecks, lost jobs, stress, and the unknown. As COVID-19 continues to spread and the uncertainty surrounding it grows, health and finances are two of the main concerns people have. In this article, I will attempt to tackle a question that is at the forefront of a lot of peoples' minds right now; how do I handle my finances during COVID-19? The post How to Handle Your Finances During Covid-19 appeared first on The Trail To Wealth ..read more

Are emergency funds, rainy-day funds, and reserve funds all considered the same thing? Are your life savings the same as an emergency fund? Yikes, I hope not! By definition - an emergency fund is savings set aside to cover one specific purpose – an emergency. An emergency can consist of a broken water heater, medical expenses, a flat tire, lost job, or any other financial surprise life throws your way. Any unexpected expense that can cause undue financial hardship on someone is an emergency and should be covered by money in your emergency fund... The post What Is An Emergency Fund? appeared fi ..read more

To help ensure that you’re knowledgeable about your finances, this section is dedicated to a list of financial terms everyone should know. These terms will help make you more savvy about your finances and help with conversations surrounding finances... The post 10 Personal Finance Terms Everyone Should Know appeared first on The Trail To Wealth ..read more