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There are many novice investors jumping into the markets right now. And why not? Almost all investment classes have been jumping in value over the past several years. In the next few years, you’re going to see market corrections and shifts away from meme stocks—that’s when you’ll see the difference between novice and savvy investors.
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The housing market is on fire which is bad news for new home buyers! Houses in good neighborhoods are selling over list price within mere hours of being listed. A major culprit of this market craziness is the government moratoriums on foreclosures and evictions—this has frozen real estate markets which has left homebuyers and investors scrambling for the scraps.
Cryptocurrency is on the lips of many pundits today. While most people don’t like to admit it, crypto is not commonly understood.
That is because cryptocurrencies are built on two concepts that people use interchangeably: (1) a blockchain and (2) a token.
Scammers are everywhere! Unfortunately, there are people from all around the world who would love nothing more than to steal your money.
There is nothing more frustrating than to be taken advantage of by an unscrupulous individual, so here are some tips to protect yourself from fraud.
There are many different types of retirement accounts—401k, Roth IRA, SEP IRA, Traditional IRA, etc. While each account type can facilitate retirement for a wide range of scenarios and they have district advantages and disadvantages, my favorite is the Roth IRA for most people.
In my last economic report, I contrasted the differences between the 2008 and 2020 recessions. As the current economy recovers from last year’s shutdowns, this difference is becoming more pronounced.
The immediate threat to us now isn’t unemployment or a recession—it is unchecked inflation and the hyper-charging of the economy.
Most people are afraid of investing because they don’t understand it. They tend to sit on the sidelines until they read about novice investors who become overnight millionaires, and then they jump in for fear of missing out (FOMO) without any training or understanding.
I often read articles and hear people talk about how they will get rich by timing the market. On its face, it is very appealing because of the many individuals out there with ‘proven methods’ of getting rich by market timing. Some people do indeed make a lot of money, but the contrary is more real for most individuals.
For many of us, retirement is a distant goal that seems nearly impossible to attain—this is mostly because everyone has an opinion of how to get there, and there is a ton of discipline needed to save for something that won’t happen for 40 years! For some, retirement is so scary that they would rather try their chances at winning the lottery than learning the financial discipline needed to get there.
I do not believe that Modern Portfolio Theory can adequately address the nuances found in the current investing environment—it is anything but modern! To combat the low-interest-rate environment that we find ourselves in, I suggest looking at other investment vehicles that perform like bonds but with higher return potential.
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