How many different ways can you make at least $100 a day? Making $100 a day on average is making about $3000 a month. In order to make $3000 a month you have to make about $20 an hour. You can make $100 a day/$3000 a month day trading, selling covered calls, working a nine to five or collecting dividend payments from stocks. The best thing is that you can even achieve all of these $100 a day payments in the same day making $400 a day. Now this is easier said than done and I will go over exactly what each of these $100 a day tasks would look like, and if done over 10 years would yield over 1 million dollars.Continue reading “How to become a millionaire with $100 a day”
Life is about relationships and time. Time is how we grow and cherish those relationships. Whether it’s our relationship with God, family or friends at the end of it all this is what matters in life. It’s not our career, money or fame. This begs the question how can we get more time to spend with the people that’s important to us when there are only 24 hours in a day. Well the only way to get it back it to buy it back. This is done by spending less time working and trading time for money. There are multiple ways to approach this. You can shoot for complete financial independence and save 25 times your yearly expenses which can seem like a daunting pursuit, but it can be done with tremendous discipline and sacrifice, or you could grow your nest egg slowly and use it as a store of value.Continue reading “It’s Nothing But a Nest Egg”
The core of your portfolio should be a total stock market index fund or S&P 500 fund. This fund is relatively stable and won’t drop as much as some individual stocks. You could include utility stocks and communications stocks in this category as well, but these large cap index funds are composed mostly of large cap growth and value stocks with blue chip stocks contributing as well. These index funds should compose 25 to 75% of your portfolio. This means if your portfolio is composed of over 75% index funds then your portfolio may be too conservative and if your portfolio is composed of over 75% individual stocks and under 25% index funds then your portfolio may be too aggressive. Your risk tolerance of course plays a big factor in your asset allocation. My brother for instance has his portfolio in 100% individual stocks and that fits his risk tolerance. I myself like to stay within the ranges mentioned above and I’m currently in a 50/50 Stock/Index fund mix.Continue reading “Where Index funds belong in your portfolio”
Investing is not just about making money. It’s about making more money than you lose. One of Warren Buffet’s famous quote is about rule #1 of investing which states never lose money. This is true under certain conditions and investing strategies, but every one knows that if you invest in 10 individual stocks, 5 may be winners and 5 of them may be losers and in that case you may want to cut your losers short and let the winners ride; but notice that if you cut the losers short then you will have losses. If you’re an option or day trader it’s the same and if you’re a buy and hold investor it’s similar as well. In the buy and hold investing world the loss is a paper loss and you don’t cut the losses. You just continue dollar cost averaging by continuing to buy more of the underlying stock or index fund.Continue reading “Rule # 1 of Investing Debunked”
Passive income is indeed real and in this article I want to discuss the differences between active and passive income and how to obtain passive income. Active income is obtained by trading time for money and passive income is achieved by trading minimal to no time for money. I call trading minimal time for money semi passive income and no time for money true passive income.Continue reading “How to Generate Passive Income”
This post is about dollar cost averaging (DCA) vs. the marvelous time spent in the market. You see time in the market and dollar cost averaging are two of the greatest strategies used to build wealth in the stock market.Continue reading “The DC vs. Marvel of Investing”
Let me just clarify some terms. A correction is a decline of 10% or greater in the price of a security, asset, or a financial market. Corrections can last anywhere from days to months, or even longer. A bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and declining economic prospects.Continue reading “How to prepare for a bear market”
There are so many recommendations, stock tips and forecasting in the market right now that it will make your head spin. What is needed more than anything right now is patience and persistence. Stick to your investment plan and maintain your emergency fund.Continue reading “The Royal Rumble With Mr. Market”
As the bull market rages on, hot stock tips can be found on every corner and new IPO’s are coming out on a daily basis. Millions of dollars are flowing into the stock market daily. Let the good times roll.
You may call me a permabear or a pessimist, but I’m very concerned about buying stocks in this current market environment. The only stock that I’m not concerned at all about buying at all time highs is a total stock market index fund. I’ll buy it all day everyday no matter what the price. There are multiple reasons why.Continue reading “The Only Stock Worth Buying”
Rich people play the money game to win and poor people play the money game not to lose, but it’s a spectrum.
I recently read The Millionaire Fastlane when I ran across this principle, but I realized that there is actually a middle ground. It’s for those that are in the getting rich slowly lane. The book calls the middle ground group the slow lane travelers.Continue reading “Rich people play the money game to win”