A Personal finance blog to get rich
Increasing your annual returns by just 1% over 30 years could raise your total returns by nearly 32%, while a 2% improvement would result in a 72% increase. These small improvements each year are powerful because of the magic of compounding.
Whether your ultimate objective is income generation or long-term growth, you can benefit from using three key methods to boost your returns. Most investors fail to use these approaches and miss out on easy gains.
Investing is one of the most significant decisions anyone can take in their lifetime. Most people will make the process complicated during investment time by overthinking, such as what is the best time to start? How much is good to invest? Where to invest? And many more.
If you are wondering, “what is an SIP calculator?”, you can get the best solution and find answers to all your questions. It is essential and beneficial for everyone to know about this tool and experience its benefits.
When I first started earning money it was 2000, I was in India. I straight away jumped for direct stocks purchases, and within a year I lost half of it. Poor stock-picking coupled with the burst of the dot-com bubble were to blame. But, it taught me what not to do with money when you are a beginner. Since then I have committed many more mistakes, at the same time, I also did things that worked very well.
A few of the mutual funds I bought between 2003 and 2005 got almost tripled their 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 even I don’t take my advice for granted, always consult with someone you trust before taking any of the steps I mentioned below.
Investing is remarkably easy these days, and you don’t need to work on Wall Street to buy stocks and shares or play the forex markets. Thanks to online trading platforms, anyone can become an armchair investor, but there are many pitfalls to be aware of. There are common mistakes beginner investors make.
Beginner investors are often sucked in by wild claims of huge profits for very little effort. But for every Instagram influencer showing off his Maserati and piles of cash, there are thousands of people who lost their pants when they misunderstood the power of leverage.
Hope you haven’t frowned seeing the title. Many invest in stocks out of compulsion or impulses. This article is for those. I generally tend to write about people who are like me, middle class, having some money to enjoy life but, mostly trying hard to maximize money’s worth.
People like us, do not usually have money for buying stocks on impulse. Still, it almost happened to me last week. I was on the verge of buying into Facebook on an opening day.
In the end, I did resist buying Facebook stock. Not that Facebook is a bad investment but, the whole affair was nothing else than impulse buying. I didn’t study the valuation, I wasn’t reading analyst reports. I was just buying it, for the sake of it. Giving in to the hype and hoopla.
My retirement portfolio consists of stocks and bonds, primarily because my employer 401k doesn’t have any other option other than those. My IRA account has some investment in GLD (SPDR gold ETF). Later in this post, find the image with the last three years’ performance of this ETF. Gold and silver during recession perform better.
Better than any stocks in my IRA portfolio. As the recession fear grows, this ETF and similar ones would tend to perform even better. People do buy bullion more during or approaching a recession.
I realized that most of my regular readers are not struggling to meet life’s needs financially. Rather, they are quite fortunate with regards to financial health. They invest regularly and they have very stable jobs. So why not talk about something that fits the need of a financially-well-to-do?
If you are a salaried employee, like me, you must receive some end of the year bonus. Today’s topic is to invest that bonus in something luxury, like a watch, an exotic vacation experience (which is not a financial investment though), a rare picture from some famous artist, etc.
As a beginner investor in the stock market, it is critical that you understand the fundamentals. There are millions of investors out there and even more competing theories and strategies about how to make money in the stock market.
However, if I was ever lucky enough to go back in time and be a true beginner again in the stock market, here are the 7 stock market investing tips I would give to myself that I have learned over the last decade.
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.
According to research in 2010, precious metals were some of the most lucrative assets over the previous five years – earning investors an impressive 42% return from their 2010 precious metal investments.
Despite these optimistic numbers, investors should research the current economy and metals market before diving into investments. The value of precious metals tends to fluctuate over time, so taking the time to consider current market trends is crucial to achieving the highest rates of returns.
