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Online trading can be a great deal of fun and, naturally, there is always the distinct possibility of enjoying substantial returns over time. Some approach investing as a hobby while others focus on making it their primary income source. Regardless of intentions, emotion always plays a role in trading. It should also be mentioned that “trader anxiety” is actually much more common than many believe. Are there any ways to mitigate the effects of such an emotion and how can you “pay it cool” when the heat is on?
Investing is making your money work for you. You can make your money work for you with a variety of vehicles like mutual funds, stocks, bonds and real estate. Myths about investing are everywhere! Myths about investing are especially rampant on social media. The thing is myths about investing are keeping people on the sidelines.
Investing truly is the only way to create long lasting wealth.
Check out these 5 myths about investing debunked.
Today’s post is a guest post by Andre Albritton from The Millennials Next Door. Check out his bio at the end of the post.
Looking at the stock market can be quite confusing if you are like most people who have no experience in investing. You have hundreds of companies, tons of numbers all of the place and the lingo sounds like another language. With new president-elect Donald Trump, it has become more confusing and volatile. The market has had sectors plummet and other sectors go up. Granted the market has stabilized since Election Day but the fact is we may be transitioning into a bear market from a bull market. However, there are tactics for each market that can help you profit off of any situation.
The market is based on global economic concerns, national economic data, and corporate financial performance. America has been in a bull market for the past seven years. This shows that investors believe the economy is doing well and have an optimistic outlook that strong results will continue. Since investors are optimistic about the market condition they will typically buy stocks while planning to make a profit whether it be for the short or long term. A simple way to remember the bull market is when a bull attacks its horn will strike up.
On the other side, we have the bear market. During this market condition investors are much more cautious about buying stocks and anticipating losses. This, of course, moves investors to sell their stocks instead of holding on to them. Typically a two-month downturn of 20% or more in multiple broad indexes, such as Dow Jones Industrial Average or Standard & Poor’s 500 index, will create a bear market. A simple way to remember the bear market is when a bear attacks its claws strikes down.
According to a Forbes study about millennials and investing, 66% of millennials want to invest. If so many millennials want to invest, what is stopping us? Is it lack of knowledge? Lack of finances? Or even student loan burden?
“37% of millennials felt that their peers were ahead of them either in financial stability, current income, or saving for the future.” I don’t want you to feel like your behind because it is so easy to get your feet wet in investing. You don’t need to know everything about the stock market, you don’t need to be student loan free, and you don’t need a lot of money!
Check out these 6 companies that allow you to invest for $100 or less:
According to a recent study by USA Today, millennials will need between 1.8 million to 2.5 million for retirement. That is a lot of money! Of course, that is taking into account inflation by the time we get ready to retire and the fact that social security may be unavailable. Nevertheless, it is still a lot of money! In order to get there, millennials will have to do more than just save in their 401k – or company-sponsored retirement plan. That is why every millennial needs a Traditional and/or Roth IRA.
Today, we will break down what an IRA is, the similarities and difference between Traditional and Roth IRAs, and which saving vehicle is best for you.
I love that so many people are curious about investing. The world of investing can be overwhelming for beginners – stocks, bonds, mutual funds, ETFs, annuities and the list goes on. Investing is the key to truly building wealth. I want you to get started as soon as possible.
A statement that I get often is “how do I invest in stocks.” Before I answer that question, I always like to cover the basics which we’ll go over in this post.
Do you like free money? I know I do. What if I were to tell you that you may be missing out on free money at work.
When I say you are missing out on money at work, I don’t mean a little bit of money. You could be missing out on hundreds of thousands of free dollars! What if I told you that you were missing out on $600,000 worth of free money!
Check out this post for details on how you may be missing out on free money at work and how to fix it!
Think you don’t have any money to trade? I am here to tell you that you are wrong! Everyone has money to trade. Yes, even you. If financial freedom is truly a priority to you, then you can make trading happen. Together we will find money for you to trade even if you are on a tight budget!
Sacrifices may need to be made but have you thought about why you want to trade? Are you looking to retire early? Create a stream of income? Fund a business? Or even pay down debt? Knowing the why will make the next 4 steps so much easier.
Today’s post is written by an awesome trading and investment coach, Tela Holcomb. Check out her bio at the end of the post!
Do you workout? Earlier this year, I started working out… again and it feels great getting into shape! I have more energy and I feel stronger. It also feels great to know working out has long-term health benefits.
Well, it’s just as important to keep your finance in shape. Part of being financially fit is learning how to invest for retirement. Today, I’m sharing with you four lessons the gym taught me about investing.
Brexit. The term has been all over the media for the past few days. Brexit is the affectionate term for British voters voting in favor of leaving the European Union which took place Friday, June 24th. Although it may take 2 years for Britain to officially leave the European Union, there has been speculation about the immediate and long term effects. If you are like me, you may be wondering what Brexit means to you. Don’t worry, I’ll tell you.