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 mayContinue reading “Rule # 1 of Investing Debunked”
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 negativeContinue 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.
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.Continue reading “Rich people play the money game to win”