Everyone's personal financial situation is different. Some people are still getting organized, others are in better shape. So, for many the question is: after you've got the basics nailed down, where do you go after that? For example, after you've paid off your high interest debts, have an emergency fund and are sticking to a budget, whats the next step? Well, there … [Read more...] about Wealth Building After The Basics
Are you considering investing in oil wells? The oil industry has long been fickle. Some years you may double your income from a stock, and other years, you may face significant losses. In some ways, investing in oil stocks can feel like gambling. Having said that, people continue to invest in oil wells because the rewards can be so enticing. However, before you invest your … [Read more...] about Things To Know Before Investing in Oil Wells
The biggest thing to happen in the markets this year is the action on GameStop, Inc. You've probably heard what's happening but briefly summarized small traders, using internet forums like Reddit, 4chan, and TikTok, led by a man calling himself “Roaring Kitty” have coordinated to drive up the price of GameStop, Inc. This was made possible by mass use of stock trading apps, … [Read more...] about What’s Driving The GameStop Revolution?
When it comes to increasing your wealth, you don’t want to be working two or three jobs, and if you already are, you don’t want to take on another. That is why trading and following stock alert services can be the ultimate decision to increase your financial stability and grow your wealth. While some stock alert services can become time-consuming, plenty of them are built for … [Read more...] about How Much of Your Time Does It Really Take to Actively Follow A Stock Trade Alert Service?
I've been seeing a lot of news articles talking about how wealth is owned in the United States. The main idea is usually centers around a statement such as "the rich are getting richer" or "only a few people control a disproportionate amount of wealth". The main idea behind much of these news stories is that only a few people control most of the money in our country. This has … [Read more...] about Poverty is Due to Individual Traits
Whether you’re a Trump fan or a Biden one, there’s no doubt that a very different administration is replacing the current one. That means we’ll see stark differences in the way Biden runs the country compared to Trump. We’ll also see significant differences in the leaders Biden chooses versus Trump. However, the difference in the two candidates doesn’t just affect the … [Read more...] about Investing Tips Under the Biden Administration
You may live for the thrill of investing and enjoy seeing your money in your portfolio grow. You may also weather any stock market downturn with resilience, confident that what goes down must go up. However, what do you do when your spouse is less than interested or even fearful of investing in the stock market? Depending on your partner’s personality, there are several ways … [Read more...] about How to Convince Your Spouse to Invest in Stocks
I have been a writer for DINKs now for over 15 months, expanding on topics from real estate to prenups, letting some personal information slip through some pieces here and there but never fully exposing myself. In this post, the goal is to take you on my personal financial journey and what building 7 streams of passive income really looks like. … [Read more...] about What Building 7 Streams Of Passive Income Really Looks Like
This is a quick personal update and follow up on a previous article. As you might recall a couple of months ago I realized my stock picking skills needed work. So, I stopped buying individual banking stocks (UMPQ and ORPB) and I am focusing on index funds. I'm also probably going to get a paid account with The Motley Fool's Stock Advisor service. Here is my retirement … [Read more...] about August Stock Update
One thing I love about the stock market is that it provides objective feedback — either you make money or you don't. I was talking with another blogger earlier this week (we all know each other) and the question about objective returns on stocks came up. So I had a look at my portfolio. To my shock, it looks like I've been an underperforming stock picker. … [Read more...] about I’m An Underperforming Stock Picker