invest in stocks

The COVID-19 pandemic has caused a lot of problems, not the least of which are financial challenges. Nevertheless, it might be a great time to invest in stocks. After all, if you can buy stocks now while companies’ market valuations are low, then you are poised to make a great profit when things are financially better again.

Of course, it can feel risky to invest in stocks when your income might not feel secure. Here are some key stock trading tips to keep in mind:

1. Use Your Money Wisely

If you lost your job and aren’t earning any income, then you should look carefully at your finances. If you have leftover money to invest in stocks, then it’s a great time to do so. However, you don’t want to go into debt to invest in stocks.

Look for extra money and invest only what you can. For example, some people are investing their stimulus checks in stocks.

2. Keep Costs Low By Using Apps

There are many different ways to trade stocks. Go for the least expensive options right now. For example, many people are turning to stock trading applications during COVID-19. You can trade stocks right from your computer, tablet, or phone. You can automate a lot of your stock trading, which is great because it means that you won’t be focused on the whims of a volatile market. Let the apps do the work for you.

3. Think Long-Term

The key to making money right now is to invest in companies that aren’t doing well at the moment but that you expect to recover and do well in the future. Think of the big businesses that are likely to still be here ten, twenty, even thirty years down the line. Those are the ones that you want to invest in. Trade stocks during COVID-19 with that in mind.

4. Don’t Overreact to Market Changes

David Rae, writing for Forbes, reminds us that the media represents market losses as “the end of the world.” However, these may be the best times to invest in stocks. Warren Buffet, who is well-known as a leading investor, regularly makes money off of bear markets. You can, too.

The trick for your psychological health is: don’t pay too much attention to the news. When you hear that a company you’ve invested in is doing poorly, don’t immediately trade stocks. Don’t check your portfolio every day to see where it’s at.

Instead, wait it out. Things are eventually going to get better. That’s when you’re going to get rewarded for your patience.

5. Don’t Wait

There are a lot of reasons that you might want to wait before investing in stocks. Perhaps you’re just nervous about your finances. Or maybe you’re hoping that stock prices will drop even lower. We simply don’t know what’s going to happen with the market. Use the apps, follow the advice, but don’t hold off; invest in stocks now.

The policy mandated economic shutdowns around the coronavirus have been a massive Darwinian event.  And as a result of the chaos, it looks like big tech has come out on top.

Here is the latest from The New York Post. If you’re bored and you need an outrage hit, consider checking it out.

Fortunes of US billionaires grew by $434B since coronavirus crisis

By Noah Manskar

May 22, 2020 | 1:22pm |

The combined fortunes of America’s billionaires ballooned by $434 billion during the coronavirus pandemic, even as millions of Americans lost their jobs, a new report says.

That marked a 15-percent increase in the total net worth of the nation’s more than 600 billionaires between March 18 and May 19 as much of the country was locked down to stop the virus from spreading, according to the report from Americans for Tax Fairness and the Institute for Policy Studies, two left-leaning think tanks.

“While millions risk their lives and livelihoods as first responders and front line workers, these billionaires benefit from an economy and tax system that is wired to funnel wealth to the top,” the Institute for Policy Studies’ Chuck Collins said in a statement.

The full text of the article is here.  Check it out if you get a chance.

Here is more on our recent coverage of coronavirus related events.

What Companies Are Doing Well In the Era of Covid-19?

Consider Investing Your Stimulus Check In The Stock Market

What To Do In A Market Crash With Your Retirement Savings

So, one of the books on my coffee table is Jane Bryant Quinn’s Making The Most of Your Money.  I’ve been a fan of Quinn’s book on and off over the past few years. Unlike many so called “gurus”, Quinn’s book is full of good ideas. Its good largely due to the fact that Quinn is the real deal.  Quinn has authored over 5 books on personal finance and has won awards for financial journalism nearly every year since the 1980s. She also helped to co-develop Quickens personal finance plug in and recently served on Bloomberg’s board (clicky).

So, what good advice does Quinn have for DINKs? In a nutshell, if you’ve already gotten together (e.g. you’re shacking up, cohabiting, have a domestic partisanship, or are married), Quinn’s got a handy checklist. She says you should do the following: [click to continue…]

What companies are doing well in the Covid-19 era

There hasn’t been a lot of good information about which companies are more likely to survive in the Covid-19 era.  This seems trivial, but for investors it’s important.  Past histories of pandemics suggest they reoccur over a period of months or years. For example the Spanish Flu in 1918 had three waves (here). This means if you are investing in individual stocks, you’ll want to consider their long term vulnerability to pandemic related shocks.

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What To Do In A Market Crash For Retirement Savings

Market crashes are somewhat inevitable. Hopefully, you knew this before you put any money in the market but if you didn’t – no fear, we will be going over exactly what you need to do in a market crash with your retirement savings. So buckle up and make sure to take some notes!

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Why I Invest In Real Estate

Real estate is an asset class that you have without a doubt heard of. You have probably even heard of the phrase that 90% of the world’s millionaires became that way through real estate. Well, if that sentence isn’t motivation enough for you then I don’t know what will be. The point of this article is to take a high-level look at why I invest in real estate.

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Maybe this is an obvious consequence of not being able to leave the house, but my spending has been down significantly since the Covid-19 pandemic started.

Here is my tracking for the Week of April 8th – April 12th of this year.

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How To Make Money Off Your Old Laptop

Have you ever bought a new laptop and have no idea what to do with your old one? Same. I was in this exact situation recently. I didn’t want to just toss my old laptop if there was a potential way to make money from it or put it to use somehow. That’s why I did some heavy research to find the best ways on how to make money off your old laptop which is our focus in this article!

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