Contrary to what Hollywood would have you believe, trading stocks isn’t a matter of putting on your favorite power suit, picking up a phone, and screaming “SELL! SELL! SELL!” Pictured: Complete BS Instead of trying to buy and sell hot stocks in the hopes of striking it rich, I suggest you reframe: Investing is a long-term strategy to help ensure your financial future. In fact, it’s the single most crucial thing you can do today to make sure you’re ready for retirement and other savings goals. The sooner you start, the easier it is to get rich. But I get it. We’ve been led to believe a lot of different things about stocks. Some of them are positive (“you can get rich by trading stocks!”), some of them not so much (“stocks are risky, ESPECIALLY with the recession/depression/financial-crisis-of-the-week just around the corner!”). Luckily, most all of that noise is just that. There’s more than 100 years of evidence in the stock market that suggests that by investing in the stock market, you’ll be able to grow your wealth consistently over time. To do that, though, you need to understand the basics of stocks — and how to trade them. What is a [...]
Everyone wants more money, but very few people are willing to go get a second job. Most of us can barely handle the first job, much less a second one.
A common thread among these people is passive inc [...]