Since the March crash, the stock market is on a bull run and new investors are jumping in the pool! Just in March 2020, more people opened an account with E-Trade than all of 2019! Several of you have asked my advice on buying individual stocks. A STOCK PRICE CAN DO THREE THINGS: Go Up Stay Flat Go Down. You and I want to invest in companies whose shares are going up. ...
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Vice President Pence was criticized when he stated the best way for the American people to calm down - “turn off the television sets”. I happen to agree, as the media is feeding the panic. I work from home and keep a business/investment channel on my televisions. But often mute the televisions because I do not want to hear paid “Talking Heads” reading or making up their opinions. The enemy of ...
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{Continuation from last week’s blog:} WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS? https://wealthbuildingpowers.com/2020/02/24/when-the-u-s-has-a-cough-the-rest-of-the-world-catches-a-cold-what-happens-when-china-has-a-coronavirus/} Last week I attended several sessions where U. S. Administration officials, including Vice President Pence, discussed the Coronavirus, known risk and actions the U. S. has and is taking. Fifty-nine countries are reporting Coronavirus cases and as of March 1, 2020, there has ...
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Warren Buffett with an estimated net-worth of ~$90 billion is considered the world’s best stock investor Mr. Buffett stated, “the S&P 500 ETF index fund is the best investment MOST Americans can make.”
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THE IMPORTANCE OF LEARNING COMPOUND INTEREST
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https://www.cnbc.com/video/2019/05/23/how-to-double-your-money-in-the-stock-market.html?__source=flipboard Sorry for earlier post. Link did not work. This is an excellent short video discussing the power of compound interest in building YOUR WEALTH. Worth a listen
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Approximately 76 million or 44 percent of Americans paid ZERO federal income tax in 2018. For the rest of us, about 70% will get a refund. Keep in mind because your tax bracket was most likely decreased for 2018, your refund will be smaller than 2017’s refund. WHAT YOU CAN DO WITH YOUR REFUND- TO GROW YOUR NET-WORTH PAY OFF HIGH INTEREST DEBT If you have credit card debt, this may be a perfect use for your tax ...
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To take advantage of ups and downs in the price of stocks, many investors, including myself, utilize Dollar Cost Averaging (DCA) as a strategy. DOLLAR COST AVERAGING: is an automated and disciplined investment strategy. It removes emotions from the investment process because you are investing a fixed amount of money at set periods. As the price of an ETF, Mutual Fund, or stock varies from month to month, you acquire the ...
Read MoreMany investors both institutional and individuals sold in October 2018. What about you? I am not smart enough to guess the best time to get out and return to the market, so I held my positions. I have survived numerous corrections, like this October 2018, where I lost significant PAPER Net-Worth. BY recognizing my inability to time the market and just sit still, my Net-Worth increases most years. Taking No Action ...
Read MorePlease click on below link to see a 60 second overview of this week's blog. Click backspace to return to the blog. https://biteable.com/watch/embed/leadership-1928968 LEADERSHIP on Biteable. When you consider buying a company’s stock, one of the key factors you MUST research, is company leadership, especially the Chief Executive Officer (CEO). The competency of the CEO and his direct reports is the difference between making money on stocks and eating peanut butter sandwiches ...
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