A recession can be a scary time for many investors throughout the market. Though I may have very limited investing experience when it comes to stock market recessions or crashes. I always look at it as another opportunity to be the stocks and ETFs at discounted prices kind of like a clearance sale at a department store. For me I have always looked at the current state of the market with a grain of salt as I know I’m playing the long-term game with compound intere...
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One of the more underrated aspects of building wealth is financial literacy and loving below your means. In doing so, you put yourself in a great position to be able to save for emergency expenses and build up a fund for that. As well as having your money work for you instead of the other way around. For instance, investing in real estate, stocks, and crypto which do correctly over a long time will help put you in the best position to retire financially free!
Regardless of what may be happening around the world. My approach to investing remains the same. I just keep on buying regularly in the market DCA over a long period. Then my thoughts on the war ending soon I don’t believe so, because of the strong uprising from the Ukrainian troops and citizens. And the Russian troop's inability to take over the capital of Ukrainian.
Slight interest rate raise from the Fed won’t be The end of the world for I believe it is beneficial, especially those with bank accounts saving accounts interest which will even better rise as the month transpired. I also believe that with these interest rate hikes that inflation will hopefully be under control within the following years.
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With the dollar losing its value on a year-to-year basis, and the USA economy shortcomings to compared to the raising Chinese economy. We could see the course of 20-30 years that the Chinese currency replaces the US dollar and becomes the world reverse currency with fast growing economy.
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I believe if hard sanctions place against Russia and then being one the main suppliers of energy. The energy sector and many others will be hit hard and will show a buying opportunity to those who pursue it.
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My investing philosophy is a well-around perspective of temperament. Be be successful investor you need to have the right temperament in the markets. Boting getting to high in the highs and getting to low in the lows. For me I am investing in a DCA position into index funds that track the market. One one day achieve the desire to become wealthy 💰
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Through the wild market swings of the new year. I have learned to focus less of my emotions on the short-term swings of the market and focus on my long-term goals in the market. This being passively investing into market indexes over a long period of time to beat the minority active traders and mutual advisers. To one day having the desire to retire a tax-free multi millionaire thanks in part to my Roth IRA’s
The stock comparison feature allows me to better understand and compare similar stocks to one another. This feature will help down the line when I do start to invest in stocks in the near future
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