Don’t Kill The Chicken So I’m 15 minutes into an explanation of what I think is a pretty important and complicated subject when my client stops me mid-sentence. She says, “So basically, don’t kill the chicken.” I pause. I pause some more. She looks at me like I’m an idiot, and I look at her…
Read MoreA discount brokerage firm is another way you can invest your money. A discount brokerage firm is a DIY approach. Here, won’t need an advisor to work with you. Instead, you are going to be able to research and buy and sell stocks, bonds, mutual funds, and ETFs yourself. If I need to change the…
Read MoreOne option as an investor is to invest your money with and through an RIA. An RIA is a Registered Investment Advisor. What’s so significant about an RIA? An RIA is a financial firm that can advise clients about their investments, insurance, and general financial planning topics. Some RIAs only act as advisors to your…
Read MoreAs an investor, you could also invest with a brokerage firm. Why is it called a brokerage firm? Well, they act as brokers. Meaning, they are middlemen and women who sit between you (the investor) and the investments. Brokerage firms can be big firms, such as Merrill Lynch, UBS, and Goldman Sachs, and they can…
Read MoreThe question here is not “What should I invest in?” but instead, “Where should I invest?” You probably want to know your options, don’t you? One option is to invest with a mutual fund company. What’s a mutual fund company? It’s a company that has created at least one mutual fund that investors can invest…
Read MoreAre you feeling good about value companies? Remember, those are companies that seem to be undervalued, maybe because of a temporary setback, or companies that are more mature and stable. These companies tend to produce a lot of profit and might be more stable, but they are not expected to grow like crazy. Let’s compare…
Read MoreYou’ve probably heard of Warren Buffett, right? He’s one of the richest people in the world. What makes Warren so interesting is, unlike the other richest people on the list who started companies, like Bill Gates (Microsoft), Mark Zuckerberg (Facebook), or Jeff Bezos (Amazon.com), Warren made his money through investing. That’s an amazing achievement. And…
Read MoreHey, do you want to buy my car for $8,000? You couldn’t possibly answer that question without knowing more about my car. What is the make? Model? Year? Miles? Does it run? You get it. The same is true for investing. You need to know something about the stock before you can decide if it’s…
Read MoreJust one more depressing lesson, and then we’re done. I promise! Next, we’ll talk about recessions and depressions. Unlike corrections and bear markets, where these terms describe the stock market going down, recessions and depressions describe how much the economy is going down. A recession is when a country’s economy, meaning the goods and services…
Read MoreThese next two lessons suck. I mean, the lessons are okay, but the content is awfully depressing. But we are all big boys and girls. As investors, we shouldn’t kid ourselves. Let’s have an honest look at what happens when things don’t go as planned. By the end of these lessons, you’ll be familiar with…
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