If you drive, then you are probably experiencing some pain at the pump. Gas prices have skyrocketed in recent months and filling up has gotten considerably more expensive. Short of trading in your car for something more fuel efficient, is there anything you can do to save some money with your current vehicle? Here are […]
How do you manage emotions when trading stocks? The world of trading can be fast-paced and stressful. Here are some ways to keep your emotions in check while trading. Create a Business Plan Treat your trading endeavor like a business. If you write up a business plan or a trading strategy and stick to it, […]
How are you saving? I recently wrote an article on having an emergency fund, and part of having such a fund entails actually saving up money. So, how does one save up money? It seems simple, but like everything, you should have a strategy. Methodology My basic formula for saving up cash is to use […]
I can’t understate the importance of an Emergency Fund. Recently, I had a string of expenses, and if I hadn’t had cash saved up, then I might have found myself in debt.
They say when it rains it pours. That recently happened to me. In the past two weeks, I had to replace the battery in my tractor, take my truck to the dealership for service, and replace a power vent for my furnace. In all, I was looking at about $650 in expenses. While not a lot in the grand scheme of things, it was still a decent amount to shell out in such a short time.
There are some things to know before investing in Pre-IPO companies. Investing in an IPO can be profitable, but sometimes you are able to invest in a company even earlier via a Pre-IPO offering. Here are the details. What is a Pre-IPO Offering? Pre-IPO offerings are shares of stock that companies offer to investors before […]
How much did you spend on Valentine’s Day? Maybe you didn’t celebrate and ended up spending nothing. Or, you could have gone all out. Here are a few averages. Average Spending According to the National Retail Federation the average couple plans to spend around $175 this year. Total spend of all Americans celebrating the holiday […]
Here are some of the top trading mistakes that newbies make. If you are a trader or are thinking about trading, then you will want to avoid these common mistakes. Trading is much different than long-term investing, and your approach should differ too. Lack of Planning One of the most common mistakes that new traders […]
As of the writing of this article the markets have been down the past 6 trading days in a row. The Nasdaq is off over 14% from its all time high, and it now deep into correction territory. What is an investor to do? The best advice that I can give is to not panic. […]
Why are call options risky? The world of options is complex and often confusing to people who aren’t familiar with how they work. Options can have risk that is limited or infinite depending on which type it is. Here is a little more detail on calls and the risks that they could pose to you […]
I was doing some yearend financial bookkeeping and realized that I made over $35,000 in dividends in 2021. Dividends aren’t the main focus in my portfolio, but a lot of my holdings pay them. I like dividend investing as a passive income strategy, and I think every investor should be focusing on at least a […]