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Books are your best friend to obtain financial literacy. What school didn’t teach you, what your parents didn’t teach you, what society didn’t teach you, you can learn it from books. Wealthy people devote at least 30 minutes per day reading. The average person reads 30 minutes per year. Books are fundamental on your path … Read more
I am a big fan of passive long term investing. Why? Because it’s very simple, low cost requires a few hours per month and it performs better than any actively managed hedge fund. I make my investments through ETFs. The broker I use to buy the ETFs is Interactive Brokers. Click here to open a … Read more
The trick is to look at your portfolio as a single asset and to manage your holdings in a way that keeps that portfolio near its highs. Compounding is defined by Investopedia as “the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time.” The … Read more
What is a stock split? A stock split occurs when a company increases the total number of outstanding shares for the price of the same share, effectively breaking one share into several smaller whole shares. For example, a company could do a 4-for-1 stock split, where one $100 share would then become four $25 shares, … Read more
Before you invest in the stock market you need to do this. You need do some math first How much are your monthly expenses? Include everything, house mortgage, car loan, utility bills, groceries, clothing, entertainment, etc. Take that number and multiply it by 12. For example, if your monthly expenses are $3.000 you need at … Read more
Investing is the ultimate long term game. There are many ways to start investing. You can invest in real estate, stocks, index funds, start a business, you can also invest in yourself. Yes, that’s an investment too. The more you learn the more you earn. Think about it, the more you study about real estate, … Read more