Did you know that failure is an essential part of learning how to do things?
None of us start out knowing how to do things. Despite that, many of us feel that we should somehow be instantly proficient when we we try something new. That means many of us are reluctant to try things that are new to us — especially when it comes to our money.
We worry that we’ll do it wrong, and so we don’t even really investigate our options. Or we may get started with something and then give up when we encounter difficulties or get frustrated at the speed of our progress. » Read more
It’s common to believe that there’s no point in investing unless you have a lot of money available to work with, but that’s not true at all.
It IS possible to successfully invest small amounts of money, especially if you can commit to doing so on a regular basis. In fact, that’s one way that small amounts can eventually become large amounts. » Read more
Investing in stocks can be a great thing, especially if you do so with a well-thought out plan that ensures you don’t have all of your eggs in one basket. But many folks jump into buying stocks for the wrong reasons. Here are nine good reasons NOT to buy a stock.
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The investing process is filled with terms that you don’t hear every day. Terms like asset allocation, diversification, and rebalancing your portfolio pop up, and it’s almost like listening to a foreign language. But, there’s a trick to learning foreign languages, and it works with learning about investing too. It helps if you listen to native speakers, ask questions, practice, and try to understand.
With that in mind, I’d like to share some thoughts from Robert Stammers, who is a Chartered Financial Analyst and the director of Investor Education at the CFA Institute. My comments & “translations” are in brackets.
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