Know why trading things that you want to things that you need can be a very nice thing for you to do.
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Are you afraid of investing?
I'm not. I know for myself that investing can help me achieve my goals, and one of them is to be financially independent myself.
There are other benefits of investing that you're missing if you're not an investor yet, you can read them here.
When it comes to expected return, we love big numbers. Big returns sell possibility. Big projections sell better. But is it realistic?
According to H. Kent Baker and Victor Ricciardi in The European Financial Review, there are several behavioral biases that can impact your investment portfolio and result in lower returns. Here are two of those biases:
Once upon a time being frugal was “not cool.” Then a recession hit and stuck around a lot longer than many “experts” anticipated so nowadays Frugal is the New Black aka it’s cool to be frugal!
TradeStation is a solid brokerage to consider if you're an active trader. Read my TradeStation review to see why so many investors like using their service.
Compound interest can make you wealthy. To unleash the power of compounding, you must understand what it is and how your money can make you more money.
Ever since I started investing, I wanted to track my investments. I wanted to monitor my returns and see graphs and charts showing everything imaginable. Just ask my wife and she will tell you that for our net worth statement, I have at least 3 graphs and charts showing different information. I can’t help it. It’s my drug of choice.