Readers and friends often say to me, “I don’t know anything about investing. How do I get started?”
It’s a great question to ask because the important thing is to, in fact, get started.
We know that markets go up over the long term, and we know that the longer you invest, the more money you will have. So waiting even a few years until you have more knowledge could have a profoundly negative impact on your net worth down the road.
Below are my suggestions, in the order that you should read them, for some resources that will help you understand the …read more […]
For the last few months, investing in Tesla (Nasdaq: TSLA) has been like playing chess with a pigeon.
In other words, say you’re on one side of the chessboard – and you move your pawn up one spot.
On the other side of the board, your opponent – the pigeon – picks up their queen, jumps it eight spaces ahead, walks onto the board, pecks your king, flips the entire board over, sends the pieces everywhere and then declares they’ve won the game.
Sound like a frustrating game to play?
Well, frustrated is exactly how Tesla shareholders are feeling lately.
For starters, you have the …read more […]
The stock market has been on a historic run for the last decade. Real estate is worth more now than ever before. Even mutual funds have seen higher returns. But there’s one type of investment that’s getting a lot more attention and one group largely responsible for driving its popularity: Millennials and cryptocurrency.
The return of the S&P 500 over the last five years is about 50%. That’s a fantastic return on investment. But it pales in comparison to Bitcoin’s return. In the last five years, Bitcoin has returned over 2,500%. On top of mind-boggling returns, Bitcoin is a new investment …read more […]