A Personal finance blog for saving money and earning more and thus having a better life
Everybody has heard stories about people going from broke to millionaires through trading and investing. And everybody else wishes to duplicate that feat. Little they know that a transformation like that requires a mountain of change.
If you want to be successful in trading and investing, you should focus your attention on these five traits that are common to wealthy investors.
An investor is someone who commits a certain sum of money to an economic enterprise. In exchange for assuming risk, he or she expects to earn a profit. Warren Buffett succinctly defined investing as “The process of laying out money now to receive more money in the future.”
If a profit isn’t guaranteed, why risk your money at all? It’s because if you invest wisely, the upside is worth the risk.
Regardless of how much you earn an hour, simply trading time for dollars has some serious limitations: you have to work long and hard; sacrifice your precious time, and deal with the stress of constant effort to stay ahead of your expenses.
Millennials are known to differ from previous generations. They’re less concerned about the future and more concerned about the present. But that has led to the unintended side effect of millennials not making the investments they should.
The best time to start is when you’re young. And among all past generations, Millennials have more access to research, expert opinions due to the digital age. When every knowledge is within reach, then why don’t they get skilled in financial management.
Do not put all eggs in one market, spread your investment across multiple areas and instruments. Do mistakes at the beginning for they’ll turn into important financial lessons.
The two traditional forms of investing when saving for the long term are stocks and real estate. Both have proven to be successful over the past decades and offer a path to financial security, but which is better? Real estate or stocks?
The truth is that there is no one right answer for everyone. Each of these investments has their own advantages and disadvantages in building up a portfolio of assets and the deciding factor often comes down to personal preferences.
Micro investing is the latest fintech trend which enables even the most novice investor to invest effortlessly. The idea is geared towards young people who have a limited amount of resources and don’t have much left for investing.
Millennials are facing a litany of financial challenges in today’s market. They’re not making as much money as their parents were at their age, student debt has ballooned to outlandish proportions, and many of them are living at home instead of owning a home of their own.
Investing in the international real estate can be as risky as it is profitable. Unlike other types of investments, it generally requires a higher initial investment, as well as more research. However, it can be immensely profitable as well. There are many strategies you can employ to guide you through this process.
There are certain concerns that apply to all real estate investments, but international real estate comes with its set of unique challenges and opportunities. The strategies described here, factor in several criteria. Some are riskier than others, but at the same time hold the promise of higher return on investment.
When I first started earning money it was 2000, I was in India. I straightaway jumped for stocks and within a year my invested amount lost half of its value. Poor stock picking coupled with the burst of the dot-com bubble taught me what not to do with money when you are a beginner. Since then I committed many mistakes, at the same time, I did things that worked very well for me.
A few of the mutual funds I bought between 2003 and 2005 got almost tripled its value before I sold them off. I had mentored people towards their first investing since then, A little disclaimer, I am not a financial expert and don’t take my advice for granted, consult with someone you trust before taking any of the steps I mentioned below. The following ideas are lessons I learned with my life and lives of the people (at work and within the family) who came to me for advice.
Many people talk about contrarian investing, but the fact is that most investments are inherently contrarian. For example, you don’t want to buy stocks when everyone else is buying them or sell them when everyone else is selling them.
Whether you are investing in stocks, real estate or precious metals, the idea is not to do what the “herd” is doing at that particular moment. You may be focused on trying to expect a new trend with an original investment idea or staying in a bull market when others are suggesting an exit, but the point is the same – never simply go along with the crowd.
If you are new to fx trading, or you just need to brush up on your knowledge, then it might be a good idea to revisit the basics of stock investments. These types of financial moves are quite popular with many people, namely businessmen and women who are looking to multiply their earnings.
Yet if you are unsure of just how to go about navigating the stock market, read on for some tips and hints on how to do so without putting all of your money at high risk. With just a few key points, you can make a wiser and safer decision with your funds.
When we talk about the stock market, we are just using an umbrella term for the different kinds of investments included in this entity. For instance, if you want to do some Forex trading, you can do so with preferred stocks or common stocks.
There can be no argument that much in the world has changed technologically in the last thirty to forty years. Virtually every machine we use these days has a computer inside it, and when it comes to personal computers, many people own more than one. Conversely, about forty years ago,Microsoft was in its infancy, and personal computers were just beginning to be introduced to the consumer for purchase with only 64K of RAM, but a hefty price tag of three or four thousand dollars apiece.
You might be wondering what this has to do with investing. The answer is that with the advancements we have seen in technology, we have been forced to make changes in the way we invest. Here are 8 ways that technology has changed investing.
Gone are the days of old when securities were traded on actual stock certificates. Although this change took place around forty years ago, it was made possible through technological advances enabling the trades to be done electronically. This advancement also allowed more transactions to take place at a much faster rate.