Once you've completed Step 1 and Step 2, you've secured an emergency fund and paid off your debt. The next step is to invest your money. But the big question is, where do I invest? Scenario: You have X amount of dollars you'd like to invest. You know you're supposed to invest and from reading the blog posts here, you understand the best thing to do is to find index funds or … [Read more...] about Where Do I Invest?
Congratulations! You've finally reached step 3: Investing. Now that you have your debts all cleared and your liabilities close to zero, it's time to take a look back at your emergency fund. You will want to work on getting 6 months worth of expenses saved up if you haven't done so before moving on to investing. Tax-Advantage Investing Our first course of action in … [Read more...] about Step 3: Investing
Hey guys, it’s been a while since I’ve written a blog post. A few buddies of mine and I are currently competing in a Virtual Stock Exchange game on Marketwatch. It seems many of us have caught on the concept of dumping a large sum of money into a Penny Stock and watching the returns. So I decided to talk about some penny stock tips. Afterall, buying a penny stock for $1 and … [Read more...] about Penny Stocks: Watch Out!
Now that you've completed steps 1 and 2 and are ready to start investing, let's start with the basics on picking stocks. The majority of my trades are based on technicals and statistics but today I'll be discussing this from a more fundamental approach with only a minimal touch of technicals. So what factors might you look into when deciding whether or not a company is a … [Read more...] about Picking Stocks: How to Analyze a Company
A while back, I wrote this blog post on how you can get a paycheck every month from your stocks that pay dividends. I'd like to emphasize a new area to take a look at that's been trending recently: REIT Dividends. These investments consist of bundles of real estate together. As people pay their mortgages, that cash flow goes through the REIT and to the investors. Without … [Read more...] about Best REITs To Buy – Generate Monthly Cashflow
I go through a mental checklist in my head before determining when to enter a trade. There are probably a million variables that a trader can look at. However, you don't want to corner yourself into analysis paralysis. Additionally, everyone analyzes different variables depending on their strategies. These are the ones that I tend to look at and I find are pretty common amongst … [Read more...] about When To Enter A Trade – A Trader’s Checklist