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I’m only one year into my investment journey, but the lessons have been coming hard and fast. Maybe after a few more years of experience, I’ll dish some different tips, but if I had anything to tell the me of a year ago, it’d be three simple words: take…it…slow. Why?
I bought all the stocks on my list in the first two days. While most have turned out well (thankfully), a few were bought way too high (hi, Disney). ...
I bought all the stocks on my list in the first two days. While most have turned out well (thankfully), a few were bought way too high (hi, Disney). ...
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This post is only about the mindset not how to pick the right stock, value investing etc.For me the most important thing in trading is having the right mindset.
- Know your risk![]()
If you buy a risky stock be prepared for big winnings but also more important for big loses. I have friend who called me at night who said that he can’t handle it anymore because his portfolio is -30% down and sold everything..... I saw it in the forum here...
- Know your risk
If you buy a risky stock be prepared for big winnings but also more important for big loses. I have friend who called me at night who said that he can’t handle it anymore because his portfolio is -30% down and sold everything..... I saw it in the forum here...
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
Using credit cards to buy essentials has become somewhat commonplace. But even if an ever-increasing number of consumers are willing to pay double-digit interest rates on gasoline, groceries, and a host of other items that are gone long before the bill is paid in full, it's not wise financial advice to do so. Credit card interest rates make the price of the charged items a great deal more expensive. In some cases, using credit can also mean you'll spen...
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$Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$ $ts $Netflix (NFLX.US)$ An important step to consider when trying to get ahead financially is budgeting. After all, how can you know where your money is going if you don't budget? How can you set spending and saving goals if you don't know where your money is going? You need to set up a budget whether you make thousands or hundreds of thousands of dollars a year.
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If you don’t learn to manage your money, then other people will find ways to mismanage it for you. Some of these people may be ill-intentioned, like unscrupulous, commission-based financial planners. Others may be well-meaning but may not know what they’re doing, like Grandma Betty, who really wants you to own your own house even though you can only afford one by taking on a risky adjustable-rate mortgage.
Instead of relying on others for advice, take charge and read a few basi...
Instead of relying on others for advice, take charge and read a few basi...
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Your financial future depends on what is going on right now. People spend countless hours watching TV or scrolling through their social media feeds, but setting aside two hours a week for their finances is out of the question. You need to know where you are going. Make spending some time planning your finances a priority.
The Bottom Line
To steer yourself away from the dangers of overspending, start by monitoring the little expenses that add up quickly, then move on to monitorin...
The Bottom Line
To steer yourself away from the dangers of overspending, start by monitoring the little expenses that add up quickly, then move on to monitorin...
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$AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ In the late 20s, I was making a great salary, aggressively saving, living frugally, but for investing was risk averse, by nature. I did not want to lose money I had earned and saved. I still don't.
Full blown dot com mania rolled around when the globe.com went public in late 2010. I played around with an ETrade account during the .com bubble, making harmless $5k trades, no options, took p...
Full blown dot com mania rolled around when the globe.com went public in late 2010. I played around with an ETrade account during the .com bubble, making harmless $5k trades, no options, took p...
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$Crypto ETFs (LIST2595.US)$ I have a confession to make. Even after all the analyses and strategies I have created, I allocate most of my investments to the S&P500 while keeping some part of it for the moonshots. I have told the exact same thing to everyone who has asked me personally for investment advice.
But as explained in this fantastic article by Nick, the problem with most financial advice is that it’s biased heavi...
But as explained in this fantastic article by Nick, the problem with most financial advice is that it’s biased heavi...
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It may sound simple, but many people struggle with this first rule. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and outside the company, for what you do. Being underpaid even by $1,000 a year can have a significant cumulative effect over the course of your working life.
No matter how much or how ...
No matter how much or how ...
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Steady, Low cost, long term, investing.![]()
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$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $AMC Entertainment (AMC.US)$
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Funn : Shared same thoughts. Thanks for sharing.
Dons hobby : I really do appreciate your post. Very informative.
Thanks again Don
Jay-Jay : thank you
开心钱钱 : Okay, share.
102138918 Funn : I’m
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