Tag: investing
Recovering From Financial Mistakes Like The Wealthy
Regardless how experienced or educated you are, you will still make financial mistakes, some of them humdingers. Personal finance blogs and media outlets frequently share basic financial mistakes to avoid: spend less than you earn, invest in index funds, avoid debt and so forth. All this is good advice, but it goes a lot deeper […]
Should You Invest In Marijuana Stock?
Like any other investment, Marijuana stocks are an investment and carry a certain amount of risk and reward associated with taking that risk. As it has been proven time and again, the higher the risk you take the greater the rewards you shall reap. As an investor, no matter how risk-seeking or risk-averse is your investment mindset, it is […]
Surround Yourself With Winners
Motivational speaker Jim Rohn has a great quote that’s highly memorable: “You’re the average of the five people you spend the most time with.” Now, you could quibble with the numbers a little bit. But there’s a simple theme we can take away from this. And we can apply that theme in our investing activities, […]
Recession Preparation – How To Survive The Looming Bear Market
NASDAQ CHART: Dow Jones: NASDAQ was trading in a range above 7000 in January 2018. Once August rolled around, it was trading over 8000. Then comes October, and it has since been in a declining trend since. We’ve witnessed the market’s relentless economic and stock market growth for almost a decade now, and every stock market pundit […]
Keep Your Finances Moving Forward
We’re coming up on the end of the year, yes already! During this time of year, we sometimes feel pressured to make specific New Year’s resolutions/goals. As it relates to finance, we may have resolutions like I will get rid of all my debt next year or I will invest triple the amount into the […]
When To Take Profits In Stocks
Knowing when to get into stocks is super important, no doubt – but just as important is knowing when to get out. Have you mastered the art and the science of profit taking? Profits Are the Name of the Game It’s hard to imagine that anybody in the investing game doesn’t have one ultimate objective […]
Invest On Behalf Of Your Kids Now
As parents, we want to be able to provide for our kids. Part of providing is to make smart financial decisions that can help them in the future. One way to do this is to take their money out of a savings account that’s earning a measly 1% of interest and instead investing it into […]
Be Like Buffett
Warren Buffet, the Oracle of Omaha himself, hasn’t written an investing book but has nonetheless imparted pearls of wisdom through the years. So how can we mortals model our investing methodologies on his timeless principles? A Giant for the Ages Some of us might be able to recall the ad campaign of yesteryear that enjoined […]
Why A Roth 401k Plan Makes Sense For You
Most everyone knows about a 401k plan. It is a typical benefit employers provide to help their employees save for retirement. While there are many benefits to investing in a 401k plan, there are some drawbacks. As such, a new version of the 401k plan has been growing in popularity. The Roth 401k plan. What […]
Working Hard Isn’t Enough To Get Ahead
If you come from a lower or middle-class background in America, you’ve probably heard someone say that the key to success in life is working hard. That’s not to say that wealthy people don’t want their children to work hard – they just know the formula isn’t that simple. I recently read an excerpt from “The […]
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