Could your behavior be negatively affecting your stock portfolio performance? The answer to this question is Yes for many investors! In the finance field today, this new field of study is referred to as: “Behavioral Finance.” This field studies human behavior using a combination of economics and psychology. Here are 4 areas of your behavior…
This article will address some of the best-kept secrets of the wealthy. First of all, the rich mostly earn “passive” and “portfolio” income…not earned income! The wealthy know these two types of income will allow them huge tax advantages. Many wealthy individuals do not work for money. Instead, the rich make sure their money is…
When choosing a company to invest in it is necessary to perform the necessary homework first on the company. An individual should focus on their individual company’s performance and not just the market. In addition, an individual should aim to invest long-term and exercise patience and discipline. You should take your stock purchase as seriously…
What are the 3 asset classes to compare before you begin investing your hard-earned money? This article will discuss each of the three following asset classes: Cash, Bonds, and Stocks. Cash Investments I will start with cash. This is a liquid asset that many individuals consider a “safe” asset so they leave cash in their bank…
Why are stocks such good investments? The number one benefit is that stocks are the highest performing assets long-term! No other investment over time have managed to beat the returns on stocks! In addition, owning stocks allows you to own successful companies and earn compound interest! And when these companies prosper, so do you! Stocks Have…
OPEN UP A BROKERAGE ACCOUNT: The first step in buying a stock is to open up and fund a brokerage account. This is a simple process! You simply fill out a new application and fund your account. It’s similar to opening up a new bank account. First, however, make sure you compare the costs and…
