“Funding Yourself”

What a week to be alive, right?! I mean there is so much going on and if you are not into reading, skimming through short emailed newsletters, listening to the news, or watching a credible channel, you most likely are out of the know!

Image from: NBC News

After much deliberation and observation of peoples activities through social media and … and…. Well actually that’s about it since I don’t get out too much, I have come up with a list of time wasting activities that may be keeping you from becoming more knowledgeable.

(In an announcers voice)

“Top waste of time activities have been ranked and scored by Kenny Davis and you can see them now!”

  1. Watching ESPN
  2. Anything that has Baseball in it (I mean come on… they play 162 games in a season)
  3. All Reality TV
  4. Only doing Bench Press in the gym (skinny legs look bad)
  5. The Hallmark Channel
  6. Video Games (except for NBA 2k and Madden…. And COD)

I’m going to stop at six (6) because I can go on all day about what I believe is a waste of time and you could be utilizing that time with more beneficial tasks.


Let’s move on to our News & Topics from last week.

  • Looks like you can count on the cost of Oil (and your gas) to continue upward
  • JC Penny cut ties with Apple Pay
  • Pinterest is doing really well in the stock market (only costs $24 per share)
  • Binance (World’s Biggest Crypto Exchange) is launching its own blockchain
  • Amazon looking to start a new free music service for all (No Androids Allowed)
  • Uber gets $1 Billion investment from SoftBank for autonomous vehicles
Image from: The Street

It turns out that the average citizen isn’t the only person that doesn’t fully appreciate the work of police; Microsoft feels the exact same way. Apparently, a California law enforcement agency asked “politely” to be able to install Microsoft’s new facial recognition technology into two of their products. The two products being; the cameras that are put into the officer’s vehicles and also their ever so evasive body cameras.

If you’re thinking in any type of logical way, the use of it actually makes some sense. Although, there is a small hiccup that most people do not know about within the facial recognition AI that Microsoft has created…… Oh, you are going to love this!

“Microsoft concluded it would lead to innocent women and minorities being disproportionately held for questioning because the artificial intelligence has been trained on mostly white and male pictures.”

Isn’t that outlandishly interesting. A racist and sexist artificial intelligence software. I mean I can’t even make this stuff up; but, with all of that said they decided to allow a prison to use it instead (yeah, I know, not much of a difference).

Image from: Money Crashers

The Financial Seed: Index Mutual Funds

Throughout the past few years it has come to my attention that a large percentage of the Generation X and Millenials have no idea what an Index Mutual Fund is. This is deeply troubling, and for many reasons.

If you have not been investing into Index Mutual Funds up to this point, or if your company is putting your money into a 401K but you have no idea where its going, you are setting yourself up to miss out on possible hundreds of thousands of dollars by the time you reach your relative retirement age.

So, let’s start with a high level definition of what it is; “a type of mutual fund with a portfolio constructed to match or track components of a market index. Providing broad market exposure, low operating expenses, and a low portfolio turnover” (https://www.investopedia.com/terms/i/indexfund.asp)

In more simpler terms these are most of the accounts that are used for your 401K and retirement plans. The importance in managing your retirement plan and understanding where your money is going can be extremely beneficial towards the growth of your overall investment. One mutual fund can be built to be more risky and in turn create higher influx in returns for the amount that you have invested. On the other side, you can invest your money into bonds, which will be less risky but also the chances of it increasing in value is lower too.

My advice is to obtain the list of your retirement plan and where your money is currently being withdrawn into. Once you have obtained that list, research each one to see which companies are included in the mutual fund and how risky they are supposed to be as well.

Below you will find a short list of examples that you can research to see what I am talking about.

  • Vanguard 500 Index Fund
  • Vanguard Bond Market Index Fund
  • Vanguard Small Cap Index Fund
  • SPDR S&P 500 Trust ETF
  • iShares Russell 2000

Thank you all for reading and if you have any feedback on this or any of my past articles please comment.

See you next Tuesday and remember what I said about “Time Wasters!”

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