Browsing Tag:investing

The Quintessential Key to Building Wealth: It’s Not What You Think

Anyone can create the lifestyle and legacy they want—even you, especially you! The good news is that if you want to experience prosperity, you don’t have to time the markets perfectly, make a six-figure income, or inherit a fortune from your deceased uncle. The bad news is that it’ll take work and you’ll have to do the exceptionally boring, yet all-important task to get you there: budgeting. I know it’s not fun or cool to talk about, but we must…

A Huge Warning Sign for Stock Market Investors

In the third week of March, 2020, the stock market experienced its worst day since 1987. With fears of the global pandemic worsening, the S&P 500 Index was down 34% by March 23rd.[1] Investors lost a lot of money. While much of that has been recovered, the 2020 market drop leaves valuable lessons for investors about the future of their money. In the months after March 2020, I’ve fielded dozens of phone calls, emails, and texts from investors who were…

What to do With Your Investments in Light of the Coronavirus

Markets during Coronavirus

Much has changed in the world of investments since the coronavirus pandemic. The volatility in the stock market this February and March rattled investors before making a rocky recovery April-July. Added to the coronavirus fears are real economic issues of companies slowing down and small businesses shuttering their doors or finding it difficult to find work. While this has been a volatile time in the markets and no one can predict when things will get back to normal, there are…

The Quintessential Key to Building Wealth: It’s not What You Think

budgeting

The research is in. The findings are conclusive. Anyone can create the lifestyle and legacy that they want—even you, especially you! The good news is that if you want to grow wealth, you don’t have to time the markets perfectly, make a six-figure income, or inherit a fortune from your deceased uncle. The bad news is that it’ll take work and you’ll have to do the exceptionally boring, yet all-important task to get you there—budgeting. Budgeting is the most essential…

How to Invest in the Stock Market

stock market

A commonly known investing philosophy is to buy low and sell high. When it comes to the stock market, however, many investors do exactly the opposite. Why do they make this common mistake? The tendency for many people is to want to get in on stocks when they are rising and cash out on them when they are falling. The psychological factor behind this is the investors’ fear of missing out on a good thing. They would rather buy stocks…