It’s human nature to create plans and strategies for just about everything, from navigating your car to work every morning to knowing what to buy at the grocery store (even if your shopping list is in your head). However, choosing the right investment strategy can be one of the most important financial decisions you make. So how do you choose the strategy that’s right for you?
Procrastinating is usually a bad thing… but not when it comes to paying taxes. Here’s some good news: Paying taxes is one of the rare times when “putting it off” can actually be a good strategy. If you are making enough to save some money (and everyone should do so, even if it is just a small amount each month), you need to know how taxes will affect your savings over the long run.
By now, we all know that real estate can be one of the best investments you ever make. But what about investing in real estate abroad? That’s just impossible and you shouldn’t even dream about it, right? Wrong!
In my previous article, I discussed three big risks that anyone considering a real estate investment needs to know about. Although real estate investing can be hugely rewarding, if you don’t do your due diligence, it can also be a nightmare. Here are four additional risks you need to watch out for. (Click here to read about the first three risks.)
Historically, investing in real estate has been one of the best ways to build long-term wealth. Many of the world’s richest people made their fortunes by investing in properties. However, just as with any other type of investment, real estate investing is not without risk. Here are a few pitfalls you should be aware of before becoming a real estate investor. We’ve divided them up into two installments.
As you might suspect, there’s much more to options than just buying and selling calls and puts. (And if you need a primer on options basics, check out this link.) There are options strategies for making bets (speculating), reducing risk and generating income. Some strategies make a profit when a stock goes up. Some do well when a stock goes down. And some are designed to do best when things stay calm. You can also apply these strategies to the overall stock market, using options on an index such as the S&P 500.
You’ve probably seen one or more stock charts — maybe the ones with vertical bars and little horizontal dashes or those with rectangles that look kind of like sticks of dynamite. Some charts have a meandering line going across the whole graph. Is this all some type of visual Morse code? More like a clever way of conveying a lot of information with some lines and dashes. (Come to think of it, that does sound like Morse code.) This article explains how to read those bars, boxes and lines, so that you can understand the stories they’re telling.
Whether you’re a seasoned trader or you’re just starting out, one of the best things you can do to improve your performance is to keep a trading journal.
If you’re thinking about buying an investment property but don’t have the cash needed in your bank account, don’t despair. Luckily, there are more financing options than you probably realize. Selecting the best option for your real estate investment strategy and particular situation can even save you thousands of dollars.
You may think that owning stocks involves picking the companies you want to buy and phoning up your broker (or logging into your brokerage account) and telling them how many shares you want to buy. Holding shares of stock this way is known as direct stock ownership. And while buying stocks individually is definitely one way to invest, it’s not the only way.