Rule #1 Finance Blog
investing news and tips
Over the years, I have been blessed with an incredible amount of investing success – so much so that I was able to turn my meager income as a river guide into an investing empire. However, even the most successful investors’ journies are still fraught with errors and investing mistakes, and my journey is certainly no exception.
Nevertheless, as painful as these investing mistakes were at the time, I have learned a lot from them and have used them to become a better investor.
While investing has historically been left up to the big guys at big banks managing big money, that’s not the only way to invest today. Investing is accessible to everyone with every size bank account. There are plenty of small investment ideas for as little as $20 or as much as $1000.
Everyone needs to start somewhere. In fact, if you’re just beginning your investing journey, it’s a good practice to start small.
The stock market health is a good indicator of how the overall economy is doing, which is why it is often used interchangeably with the economy—but these two are not one and the same. To clear up the confusion, I’ll answer the question: how does the stock market affect the economy?
One of the biggest obstacles I hear holding people back from investing is that they think it is too complicated or risky, but if you know smart investment practices it really makes the whole process a lot simpler.
With the current stock market at an all high, one of the biggest question on everyone’s mind is, “Will there be a recession in 2020?”
The stock market keeps on hitting new record highs. It has literally never been higher than it is now, but of course, it won’t stay that way forever.
The market runs in cycles. It goes up, it goes down.
We can’t tell EXACTLY when the market will hit bottom again, but by looking at market cycles, we can get a rough idea of whether for not a recession with happening in 2020.
One of the best things about living in the digital age is the fact that almost everyone has an unlimited source of information available at all times.
The internet has been a game-changer for investing resources, enabling people like you and me, to learn everything there is to know about investing all without ever leaving their house. Read more.
Every phase of life has its own set of things that you should avoid.
If you’re in your 50s and nearing retirement avoiding these money traps is especially important. The last thing you want to do is trip now when you are so close to the finish line.
With that said, let’s talk about money traps to avoid in your 50s.
Few people in the world TRULY understand investing. This means that there are a lot of misconceptions about it that have been perpetuated for a long time and cause a distance between investing expectations and reality. Read more.
When you invest in the things that you understand and are passionate about, the entire investing process is simplified, making it easier for you to navigate the various decisions that must be made along the way. This is a concept that Warren Buffett has used to become a billionaire, and it’s something that he continues to abide by to this day.
In every sense of the phrase, Warren Buffett’s favorite things have made him rich.
Let’s look at Warren Buffett’s stocks and just how he has used his values and his passions to earn money through investing. Consider these examples as inspiration for what can be achieved when you invest with your values.
Before I ever invested a single penny, I worked as a river guide making barely enough to keep a roof over my head. When I got the opportunity to learn how to invest, let me tell you, I jumped on it, and I’ve done pretty well for myself. I’ve gotten and given a lot of investing advice over the years but today, I’m going to give you the best I’ve ever gotten. I hope it’s as helpful for you as it was for me.