Tip 1. Educate yourself on investing
Not understanding or knowing how to invest is very expensive.
Investing is one area where the lack of education could prove to be very, very costly. One could loose most or all of their life savings. Some will loose more then they have. Before you invest, you have to fully understand what ...
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Tip 2. Get lower brokerage fees
Open account with low fees discount stock broker firm.
The days of paying $20 in stock broker commissions for a trade are over! I see no good reason to pay over $10 per trade now. In fact, many very good discount brokerage firms charge much less. Below are examples of ...
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Tip 3. Mutual funds are obsolete!
ETFs are secure and cheap alternatives to mutual funds.
ETFs are portfolios of stocks, bonds or in some cases other investments that trade on a stock exchange much the same way as a regular stock does. At the moment, all ETFs are essentially index funds, which is to say they track the performance ...
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Tip 4. Don't trade stocks
Most individual investors who are trading stocks loose money.
I'll try to make a case why individual, that does not have extensive experience with investing, and not fully understands risks involved, should NOT trade stocks AT ALL! Here are some of the reasons for not trading stocks on your ...
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Tip 5. Real estate investing
If dollar falls, real estate could be the best investment.
With all the enormous printing of money by the government, inflation is inevitable. If dollar tumbles as the result of it, then the value of all loans you own would fall too. And the biggest loan is usually your mortgage. So when inflation ...
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Tip 6. Gold shines again!
Protect your savings and retirement money with gold.
The government is printing money in huge amounts. Budget deficits are enormous. Interest rates are at 0%. The result of all this could be only one - inflation. The dollar will fall. And this will devalue your retirement and savings accounts. The ...
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