Rule #1 Finance Blog
With Investor Phil Town
If you’re reading this, you’re already thinking like an investor. Wise investors know not to blindly put all their eggs in one basket. Instead, they become familiar with a few a types of investments and use their knowledge of each to make money in different ways.
Thankfully, there are lots of baskets to choose from.
But you should know:
It’s important to understand all your options as an investor before you actually invest your money and build an investment portfolio.
Of course, every type of investment has its upside and downside. The best types of investments to make for yourself depends on a few things. These include your risk tolerance, level of understanding of certain markets, timeline, and reason for investing.
Among the different types of investments out there, there are probably a few that will work well for you. Let’s explore them all so you can decide what to invest in.
If you’re doing it right, investing in the stock market is much more than picking a few companies, buying a few shares, and hoping for the best.
Smart investors are those that are disciplined and have an investing strategy in place to help guide them as they go along with their investment choices.
Today, I am going to go over five of the most common investing strategies and how to pick the right one for you. After this quick read, you’ll be on your way to growing your wealth and achieving financial freedom.
One question that always seems to come up in investing circles every four years is the relationship between an election year and the stock market.
Regardless of who is running, election years can have a big impact on the market’s performance – and given that this year’s election is taking place in the midst of a global pandemic, this is all the more true.
Below, we’ll cover everything you need to know about how to invest during election years in order to help you navigate these tricky times.
If you invest the Rule #1 way, you have probably made some pretty incredible investments. While you have done your due diligence to pick wonderful companies that you can hold onto for years, if not decades, you’d be remiss not to re-evaluate your investments from time to time.
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.
Stock market volatility may sound scary, but it’s actually essential in order for Rule #1 investors to be successful. It’s the reason why there are opportunities to purchase great companies at great prices.
Today, I’ll get into exactly what is market volatility and why you shouldn’t be afraid of it.
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?