If you’ve never done any investing before, the prospect can be scary. But I’ll tell you a little secret: Pretty much anything you do for the first time can be a little scary.
Remember the first time you drove a car or started a job? Scary, right? But you got over it. You figured out what to do, asked for help or information when you needed it, and made it through. You got more confident over time. Investing can be the same way. » Read more
I love DIYing things around the house. I also love investing. So is it any surprise that I daydream about investing in a fixer upper?
I picture lovingly redoing older homes, and then selling them for a tidy profit (if I can bear to let them go).
There’s one big problem with that:
I don’t have a spare $150K+ laying around to invest in even one house. I can’t go out and buy a house nearby for cash, spend months renovating it in my spare time while it sits empty, and then sell it. No part of that dream is feasible right now.
It turns out, it doesn’t have to be.
There’s a completely different way to invest in a house flip, and that’s pretty great if you ask me. » Read more
Now I won’t pretend to know what the stock market is going to do. It might implode, it might skyrocket, or it might stagnate — or even do all three on the very same day. Who knows. But I do know that one of the (many) strategies for making money in the stock market is “buy low, sell high”. » Read more
It’s important to know your investment risk tolerance level. Why? Because ALL investments have risk, and some types of investment are (much!) riskier than others.
You don’t want to take chances you can’t live with, which means that in addition to knowing how risky the things you’re considering investing in are, you need to know two things about yourself when investing:
- How comfortable you are with losing your money; and
- How comfortable you are with not making enough money to meet your needs.
» Read more