Investing made simple. Where should you invest? Information on stocks, mutual funds, index funds, retirement accounts and more. Also be sure to check out our complete guide to investing.
What makes a company a large cap or a small cap?
What the heck is a “blue chip” stock?
It’s important to know the difference if you’re interested in the Stock Market.
There are ways to organize all sizes of companies into different titles, though it’s not an exact science.
These titles are given for a reason. So that you can easily determine the size of different companies.
So let’s get into what the different sizes are and what it all means…
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” -George Soros
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.” -Warren Buffett
Most of you know that I am a huge Buffett fan, and I consider myself an investor like him. (Well, maybe not like him, but an investor nevertheless.)
George Soros is more of a trader.
One is not right and the other wrong. Buffett and Soros both have billions of dollars to prove that.
But it is important to know which one you are…
36% of Americans save absolutely nothing for retirement.
80% of people ages 30-54 believe they will not have enough money saved for retirement when the time comes.
You know you need some sort of retirement plan, but can you afford it?
Are you a statistic? Or on your way to becoming one?
Spoiler alert: Yes, you can afford to invest in your retirement
It doesn’t take much to get started and it takes even less to keep going.
Here’s how you can invest for retirement, even if you think you can’t afford it…
There are strategies for paying off your home early.
Those strategies are great and they work.
But is it worth it to pay off your home early?
With mortgage rates being so low, why not invest the extra money instead of paying off your home?
I really don’t think you have to pick. I think you can do both.
If you want to pay off your home early, this may be the best strategy for you.
Let me explain…
When you hear about investing for retirement, you usually hear about mutual funds.
More specifically index funds. Especially if you have been reading my articles.
It’s not just me.
Index funds are widely held as one of the best investments for retirement.
Especially if you want the easy way out.
Even Warren Buffett recommends index funds for the average investor.
That’s all good and well, but there are 1000s of index funds, which ones should you invest in?
Good question and here is the answer…
Have you ever consistently watched the price of a stock?
You probably noticed that the price changed everyday.
It may have went up one day, down the next and back up the following day.
That’s typical for any stock.
But what causes a stock price to change so often?
It’s simple, all kinds of things…
Do you save for your children’s education?
Or do you plan to start?
If you think it’s important to help your child with college expenses, you are in luck, because you have some options.
One of the most common ways to save for education is through a 529 plan.
A 529 is like an IRA for education.
Let’s see how a 529 can help you…
“The goal of retirement is to live off your assets-not on them”
Rule No.1 of living off your assets: You must have assets.
You may plan to retire. You may not.
Either way, it’s a good idea to have a plan for wealth building. You may need it.
So, when do you start planning for it? And how do you do it?