LEARN ALL ABOUT INVESTMENTS
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- Type of Investments to Learn
- Investment Tutorial for Absolute Beginners
- HOW TO START Stock Trading
- INVESTING: WHAT IS A COMMON STOCK?
- INVESTING: PREFERRED STOCKS AND SENIOR SECURITIES. PART I.
- INVESTING:SENIOR SECURITIES & CORPORATE BONDS. PART II.
- INVESTING: ETFs (Exchange Traded Funds)
- INVESTING: REITs
- INVESTING: MORTGAGE REITs
- INVESTING: CEFs (closed-end funds)
- INVESTING: Mutual Funds
- INVESTING: WHAT YOU NEED TO KNOW ABOUT DIVIDENDS
- INVESTING: How to Trade Stocks for Beginners
- Personal Finances 101
- Do you still want Crypto?
- Investment Strategies
- A Few Investment Lessons. Part I.
- A Few Investment Lessons. Part II.
- A Few Investment Lessons. Part III.
- A Few Investment Lessons. Part IV.
- How I made a strategic tax-related mistake and what you can learn from it
- How I became a Real Estate Investor
- Real Estate Investing: How to Buy and Rent. Landlord 101
- Real Estate Investing: How to Buy and Rent. Landlord 101. Part 2
- Real Estate Investing: How to Buy and Rent. Landlord 101, Part 3
- Mortgage Pay-Off Debate
- What I’ve learned about the good, the bad, and the ugly Annuities
- What I’ve learned about the good, the bad, and the ugly Annuities. Part II
- My Case Against Stock Ratings
- My Case Against Stock Ratings. More discoveries
- Money Management skills deficiency
- Why Market Timing Is Not Always A Bad Idea
- MY CASE AGAINST INVESTMENT NEWSLETTERS
Not every man may agree with me, but I am positive that a man should acquire investment skills.
Just recall your school or even college… How much did you learn about money and investments during your school years? Yeah, probably zero! Nada!
You have learned math, some algebra, and geometry, but nothing about how to manage the green buck. That is a reason behind much of the negative news about retirees who cannot save enough funds to support their lives after they stop working.
Many men live from check to check, even if they are earning a decent income. Some people think that their employer's 401 (k) plan is sufficient, and they spend the rest of their money as if there is no tomorrow…
It is a pity. Nobody taught them how to manage a simple family budget or how to manage their finances, keeping in mind that they would need the funds for future housing or starting a family.
If you are among them, wake up! Don’t be ignorant of your own future. There is plenty of literature, online training, and articles, so you have to start somewhere.
I’m inviting you to start today!
If you have some investment knowledge, congrats! You are smarter than 40% of those (including women) who were unaware of money management and reached retirement age without substantial funds.
I am offering you several articles that may assist you in your endeavor. I don’t promise you a comprehensive education in the field of investing, but I will share some personal insights. I bet you may find them helpful even if you are knowledgeable enough.
I am going to share “Investing 101”, covering how to become a Real Estate Investor, insights into money management and asset allocation, investment newsletters, stock ratings, buying annuities, investors’ tools, and helpful websites for research and market monitoring, as well as mobile applications for investment, and much more.
Later, I will post more information about the basics of investing, but let me share my personal story about stock and mutual fund investing first.
Since 1996, when I began my journey in the investing world, the market and active investing have taught me a few important lessons.
As a beginner, I started investing by acquiring several mutual funds and then gradually added some stocks that I had discovered through newsletters from the investing “gurus.”
Looking at my trades now, it is evident that I have made all possible mistakes the newbies usually make: buying high and panicky selling low; choosing the wrong stocks (including penny stocks) and ignoring the market trend; not learning the charts, not having an investment plan, no strategy… oh, well, you know what I am talking about.
Even 12 years later, in 2008, when I had, perhaps, some investing experience, I violated my own buy/sell rules and lost about $80K during the market crash by failing to sell when it was defined by my selling rule in the hope that it "cannot go lower".
The biggest problem for any investor is being too lazy to review their past trades and analyze their own mistakes or successes. Have you lost money on bad trades? Why did it happen? Wrong stock? Bad timing? Have you watched the market at the time of purchasing the stock? All these and many more questions must be answered, or you will “step on the same rake” again and again.
I confess that I was lazy for many years. Serious investing demands a serious approach and diligent effort. Non-stop learning, adjusting, and polishing your investment style, having the right tool for monitoring/research, and, finally, having the inexpensive online broker with add-on values – all of it is a component of future success. Otherwise, don’t do this on your own if you think it is a piece of cake. Perhaps hire a financial adviser.
At some point, a few years ago, I began analyzing all my past trades, which helped me avoid repeating old mistakes. I finally saw more profits than losses.
In the following blogs, I will continue writing about this topic. If you're interested in learning more, you can subscribe to receive timely updates.
DISCLAIMER.
This site is for informational and educational purposes only and should not be construed to constitute professional advice. Nothing included here shall be a solicitation or endorsement. I am not affiliated with, nor do I receive compensation from, any company. I will utilize my extensive notes from various articles. If I did not specify the source, I would like to extend my gratitude to all the authors whose thoughts I have incorporated into these pages.