Not exact matches
What do I mean, to start off the year major
stock market were down anywhere from 5 - 10 %
because the Federal Reserve was discussing raising interest rates, which
in turn
made everyone extremely skeptical of investing any more
money in stocks, and actually selling off a large portion.
Investing your
money on
stocks without knowledge of what you are doing is simply foolish, even if you
make some
money by luck, you will definitely lose it
because luck can't carry you far
in the
stock market.
People who lose everything
in the
stock market usually
make the mistake of putting all their
money into one sector — typically
because it's done well
in the past.
I can say this with a fair amount of certainty
because, imagine for a moment how wealthy individuals, Wall Street, banks, hedge funds, investment companies and private equity groups will
make money if the economy and
stock markets stand still or decrease
in value?
Many of today's investors swear by it not
because they have considered the theoretical arguments pro and con and been convinced by the pro case but
because they
made money during the bull and attributed those gains not to the fact that
stocks were priced well early
in the bull
market but to the fact that they were following a Buy - and - Hold strategy at the time.
He says that Wall Street has a fascination with
Stock Market Risk
because that is the risk that they
make money from by getting people to buy and sell
stocks and mutual funds
in an effort to avoid this risk.
Its value is typically inversely correlated to the rest of the
market as a whole,
because its status as a material, durable store of value
makes it a preferred «safe haven» to move
money into
in times of economic downturn, when
stock prices, bond yields and similar investments are losing value.
Here are the Show Notes: Currently have 5 rentals and 80k of income and trying to paying off rentals
because near retirement Also flips properties where the goal is 20k profit He outsources much of the work Got rentals
in 2011 and regret not doing it earlier Got hammered
in 2008 Got out of the
market in 2000 Interest rates are very low which is different that past times which means a good time to lock
in loans,
stocks are pretty high Real estate is not for everyone and might have a wrong skill set If you don't want to do the work be a hard
money flipper but only
make 10 % (you need to have the
money) Don't lend to someone doing their first flip Need to hire a virtual assistant — 5 properties can manage by self Let go of politics Marriage advice Begin with the end
in mind — He already knows his legacy and just lives it Teaching kids financial principals — mindsets and habits To teach a 12 - year - old — give them
money To teach a 30 - year - old — they need to want to fix the
money problem Letting go to be happy richersoul.com