Learn more about moneyandinvestments with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
The Average Investor’s Commandments
- Think Long-Term. It’s very rare for a sudden move in price to mean very much Things will balance out so be patient.
- Always keep a few months expenses around in case something happens and invest the rest.
- Buy What You Believe In. If you do not know or understand what you’re buying, don’t buy it. Invest in something that you personally believe in.
- Do Your Own Research.
- Set It and Forget It.
- Consistently Contribute.
- Be Fearful When Others Are Greedy.When everyone is a winner you should be concerned.
- Be Greedy When Others Are Fearful.The best time to buy is when the world is on fire, not just the typical knee-jerk reaction of the media.
- Find and Remove Frivolous Fees. When the stakes are highest, so are the fees. Even a 1% fee can become significant over the long-term.
- Diversify. If it can fail, it will fail. Plan ahead for failure.
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2.51K reads
MORE IDEAS ON THIS
Investing
... is the trading of your money today for a lot more money in the future. It is a high yield over the long term.
940
5.74K reads
What happens to your money
Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.
When you deposit your money in the bank, the bank turns around and invests that money at 7% a year or more. ...
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You Don’t Need a Financial Advisor
- A financial advisor’s compensation is rarely if ever tied to your success. The majority of their income is based upon the amount they get you to invest.
- You will pay a fee to your chosen fund plus a fee to the financial advisor.
- You Might Not Get The B...
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The Average Investor...
- does not try and time the market – buy low and sell high,
- also does not try to beat the market,
- just try and achieve average returns,
- realises that it does not involve a lot of work or stress and locks in a nice healthy return over the long term.
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Portfolio and Diversification
- Your portfolio reflects your long-term wealth building investment strategy – not the short term. It includes everything you own. Your retirement accounts, your investment accounts, even your home are types of investments.
- Diversification is a way to describe owning mult...
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3 base components of the market
- Productivity Growth: Equivalent to technology getting better, faster and us constantly learning from our mistakes. We will always be able to do more with less time and resources than we were able to in the past.
- The Short-Term Debt Cycle is defined by...
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The Snowball: Warren Buffett and the Business of Life
Author: Alice Schroeder
Synopsis: Alice Schroeder used her unprecedented access into the life of buffet and the people close to him to bring the life story of the most successful investor of our times, Oracle of Omaha himself Warren Buffet.The Snowball is r...
The Problem With Mutual Funds
When you buy mutual funds, you are charged a purchase fee upfront. This is a one-time payment to the fund management institution. Annually, you will be charged with a percentage of management fees, commonly known as “expense ratio”, which can be expensive.
Beware when advisors...
Dollar Cost Averaging
In terms of the beginning investor, the mutual fund fees are actually an advantage relative to the commissions on stocks. The reason for this is that the fees are the same, regardless of the amount you invest. Therefore, as long as you meet the minimum requirement to open an account, you can inve...
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