Bob | Basic Finance

Husband. Dad. Investor. Taking a common-sense approach to budgeting & investing. Not Financial Advice. Opinions are my own.

[Bob | Basic Finance @MyBasicFinance]

Here are 3 simple tips for investing during a recession — perfect if you're trying to stay steady while everything else feels like a financial rollercoaster:

[Bob | Basic Finance @MyBasicFinance]

https://t.co/QsxKCoahmX

[Bob | Basic Finance @MyBasicFinance]

Check out my membership card from https://t.co/MonVXHI0DF!

[Bob | Basic Finance @MyBasicFinance]

@naiivememe You are awesome!

[Bob | Basic Finance @MyBasicFinance]

@DevotedDividend VOO

[Dividend Disruptor @DividndDisruptr]

“You don't need a lot of brains in this business. What you do need is emotional stability. You have to be able to think independently: when you come to a conclusion, you have to really not care what other people say and just follow the facts and your reasoning.”

~ Warren Buffett

[Bob | Basic Finance @MyBasicFinance]

https://t.co/2WViXz7tHW

[Bob | Basic Finance @MyBasicFinance]

Win 1 $BTC! I’ve been using WeBull for years and they wanted me to share this. https://t.co/2WViXz7tHW

[Bob | Basic Finance @MyBasicFinance]

@zerohedge Not a surprise with the current administration. Current policies are not a job creator.

[Bob | Basic Finance @MyBasicFinance]

The U.S.-China trade clash may bring the U.S. “weeks away” from a rare-earths supply crisis—though major defense contractors are downplaying the risk.

[Bob | Basic Finance @MyBasicFinance]

Meme stocks are the energy drinks of the market.
Quick buzz, wild ride, brutal crash. 😅
Remember when $BYND was the future of food?
It rode the hype wave like $GME and $AMC, but the fundamentals couldn’t keep up with the flavor.

Here’s the thing:
📉 Hype can move prices, but it doesn’t build businesses.
📈 Long-term wealth is built with boring—$VOO, $SCHD, $VTI kind of boring.
I’m not saying don’t have fun.
I’m just saying don’t YOLO your rent money into stocks that trend on Reddit.

Want excitement? Eat a spicy taco. 🌮
Want freedom? Build a solid portfolio.

[Bob | Basic Finance @MyBasicFinance]

@unusual_whales Thanks fantastic news for those who don't like inflation...

[Bob | Basic Finance @MyBasicFinance]

@ObjIFDividends

[Bob | Basic Finance @MyBasicFinance]

@kinginvestings When my son comes home and says one kid is criticizing him for playing too hard on the basketball court, my advice is to keep playing hard and he'll either catch up or quit. Keep moving forward.

[Bob | Basic Finance @MyBasicFinance]

@unusual_whales Too much leverage is going to kill them! Ugh...live simply and grow your bags.

[Bob | Basic Finance @MyBasicFinance]

@Dom_Investing Dom, I'm thinking you will have to buy the latest iPhone and take pictures of your current phone, then post it. It's all a scheme by $appl to boost sales...ha!

[Bob | Basic Finance @MyBasicFinance]

💸 Financial literacy isn’t about being perfect. It’s about being aware.
Here’s one simple tip that changed my money mindset:
Track where your dollars go—before they ghost you. 👻
It’s not fun at first (unless spreadsheets are your thing 🤓),
but knowing your monthly spend on coffee, takeout, or that “one-time” Amazon buy? Game changer.
📊 Once I started tracking, I realized I was spending more on cold brew than my Roth IRA.
Now I sip smarter ☕ and invest the difference into $VOO and $VTI.

Start simple:
✅ Use a budgeting app
✅ Look at last month’s bank statement
✅ Categorize your top 3 expenses
Then ask: Do these match my goals?

You don’t need a finance degree to get ahead.
You just need a plan (and maybe one less Starbucks run 😅).
👉 What’s one expense you were surprised by when you started tracking?

#FinancialLiteracy #BudgetBetter #PassiveIncome #ETFinvesting #RothIRA #MyBasicFinance

[Bob | Basic Finance @MyBasicFinance]

@unusual_whales $BYND! They have the meats!!

[Bob | Basic Finance @MyBasicFinance]

@unusual_whales No surprise. Itsumi Mario!!

[Bob | Basic Finance @MyBasicFinance]

Your future will soon be for sale again. Thank DT!

[Bob | Basic Finance @MyBasicFinance]

There are really only two tax systems:
📘 One for the informed.
📕 One for everyone else.

Most investors wait until April to think about taxes.
Smart ones plan year-round.

One simple strategy? Tax-loss harvesting. 👇
Sell an investment that’s down → lock in the loss → use it to offset gains later.

🚫 But don’t rebuy something “significantly identical.”
With options, I use a different strike and expiration so the IRS can’t say, “Nope, doesn’t count.”

Other tax-smart moves:
✅ Use a Roth IRA for tax-free growth
✅ Max your HSA (triple tax benefits!)
✅ Hold long-term for better capital gains rates

You don’t need to be a tax pro.
You just need a plan before December 31st.