Personal Finance Day 7 Blog

  
Personal Finance Day 7 Blog
Oscar Rawson



  Today was the 7th day of our Personal Finance J-Term. We began the day with a seminar about the last section of Why Didn't They Teach Me This in School? and Your Money or Your Life. We primarily discussed investment income, and when it becomes safe to live off of the return on your investments, also known as the "Crossover Point". It's when your investment income exceeds 4% of your expenses. There were some more philosophical discussions, too. What would you do if you didn't have to work for a year? What about the rest of your life? The answer for a number of people was resoundingly traveling. After the seminar, we watched the documentary Cryptopia. We all thought it was incredibly interesting how it revealed the inner workings of cryptocurrency and speculated about how technology such as blockchain and cryptocurrency mining could affect the future.  After lunch, we heard each other's presentations on Cryptoassets, as well as our Investments presentations.  We also began a very interesting activity about Technical Analysis. We picked a stock, went back in time, and analyzed its patterns from years ago. If our strategies worked well, we knew we could continue to implement these investment strategies. 

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