First-time investors will usually end up losing money, often to those with much more experience. If you stick with it, you can become much better over time. However, it can also end up costing you a lot to learn from those mistakes.
This investing blog was created to help beginners learn how to invest without suffering costly mistakes. It can also help more experienced investors continue to grow with new tips and strategies.
Increase Your Annual Income
While the average person may only invest through a 401k or IRA account for retirement, you can actually put your money to work for you while you’re still young to boost your annual revenue. Some people will invest as a side hustle to earn a supplemental income on top of their job salary, while others quit their jobs and completely live off of their investments.
Stocks, bonds, real estate and even cryptocurrency can all be successful investment strategies when they’re used responsibly. You could be a day trader that attempts to make money by booking daily profits. However, you could also build up a more stable passive income over time that comes with much less risk.
No matter what your financial goals may be, this blog can provide you with knowledge that can help you reach them faster. Patience is truly key with almost all investments, but you also need to use the right approach or else you could put yourself at a huge disadvantage immediately.
Japanese Candlestick Charts
Whether you trade stocks, cryptocurrency or even forex, you should have access to candlestick charts. They offer a really easy tool that you can use to quickly identify potential trading positions by matching a variety of bullish and bearish trend reversal candle patterns.
Personally, candlesticks are my favorite trading strategy to use with my own portfolios, which is why I created an extensive guidebook that will teach you how to identify and then how to trade these patterns.
Retirement Fund Investing
One of the most important reasons why you should have some kind of brokerage account is to save for retirement. This could be a 401k account that receives automatic contributions from your paycheck and even matches from your employer, or it could be an IRA account that you’ve set up yourself.
Simply saving money over time will build up a nest-egg for you. However, you’ll be able to grow this fund much larger over time if you invest it. Average stock market returns over time can provide you with 12% growth each year. With the magic of compounding interest, you can turn a relatively modest amount of savings into a multi-million dollar retirement fund.
One potential goal for a retirement account is to generate enough passive income to live on and pay your monthly expenses once you retire. More risky and volatile choices like stocks or Bitcoin may work great for someone in their 20s, 30s or 40s. When you’re in your 60s and close to retirement age though, you won’t want a risky portfolio. At that point, you can consider downgrading your investment risk by simply trading in stocks for things like Treasury bonds and REITs that can provide you with a regular payment from interest without the need to withdraw from your assets.
No matter what your financial and investing goals may be, this site can help you expand your knowledge to make better choices with your own portfolio. You’ll even be able to learn more about business and major industry news that can affect your trading strategies from year to year.
My most recent investing blog posts can be found below…
I’m very concerned for the community and investors that still exist for Luna Classic (LUNC) and LUNA cryptocurrencies. In May 2022, LUNA and UST collapsed in spectacular fashion. Many speculate that the founder, Do Kwon, could’ve been involved and may have profited from the collapse,…Continue reading →
One of the most common mistakes I see among new investors is a lack of consistency. I struggled with this same issue when I first got started, so I personally know how much havoc it can rain down on your portfolio balance. When you first…Continue reading →
When you’re a new investor, it can feel like you’re always the last one to arrive at a party. You hear in the news or on social media about stocks or cryptocurrency making huge gains in a short time period. After getting excited about a…Continue reading →
The spinning top candlestick pattern indicates market indecision. This can lead to a wide variety of future price movements, so it’s important to understand this pattern and how to trade it. I highly recommend never trading this candlestick simply because it shows up on a…Continue reading →
With the recent closures and bankruptcies of some cryptocurrency centralized exchanges and investment funds, there has been a lot of fear among investors in the industry. Once a company files for bankruptcy, any funds or coins that customers have in their accounts can get locked…Continue reading →
It’s almost like a witch hunt has started in the cryptocurrency industry now that rumors are swirling around about Coinbase potentially being insolvent after they announced the closure of their affiliate program on June 16, 2022. I want to start this post off by saying…Continue reading →
The Marubozu pattern is a powerful trend reversal or trend continuation pattern that can be used to initiate almost any kind of trade. There’s a bullish and bearish version of this candlestick, so you’ll need to learn to identify each before you can trade with…Continue reading →
A form of real estate investing is buying shares of a farm to receive annual lease payments. Yields on your investments are usually a bit lower than stock market returns on average, but there are also some major advantages to this type of investment. First,…Continue reading →
Alright Shiba Army and Shiba Inu fans that like to talk nonsense like $1, $10 or $1000 token values, you need to hear this for your own good… The price of Shiba will NEVER hit $1, much less $10 or even more. I’m going to…Continue reading →
With a minimal amount of investment money, you can earn interest and/or rental payments by loaning your funds for real estate deals. This can be a short-term loan or long-term debt such as a mortgage. In addition to earning a passive source of revenue, your…Continue reading →
Three White Soldiers and Three Black Crows are candlestick patterns that are more complex than others I’ve talked about previously. These candles can often indicate a shift in market sentiment that could lead to a trend reversal. One is bullish and the other is bearish,…Continue reading →
The Harami Cross candlestick patterns are a combination of a Harami inside bar and a neutral doji. It can sometimes mark a powerful market reversal, although you should always wait for confirmation before initiating any trades on this pattern. In general, you may not rely…Continue reading →
Owners of cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) are actually at risk of losing all of their invested money if they store all of their tokens on an exchange like Coinbase or Binance. There is a way to 100% protect yourself against these…Continue reading →
Some candlestick patterns are more complex, such as Double Tops and Double Bottoms. Instead of candles sitting directly next to each other, these patterns have candles that are spread out on a chart. This makes them more difficult to identify, but they can also present…Continue reading →
The overall Bitcoin market sentiment seems to be gearing up for a big rally. However, could we possibly see a flash crash on July 4th before this rally begins? I’ve analyzed the current conditions to give you some insight on possible upcoming price action so…Continue reading →
June 28th was Elon Musk’s 51st birthday. Around that same time, he disappeared from Twitter for about 10 days. People went crazy with boredom and speculation without their favorite Twitter personality to keep them company. Just because he’s the richest man on earth doesn’t mean…Continue reading →
The Hanging Man is a bearish pin bar candlestick pattern that will often reverse rally trends to the downside. That makes it a good indicator to use for exiting long positions and entering short positions. It’s really important that you learn how to properly identify…Continue reading →
The Tweezers candlestick patterns often offer the perfect opportunity to enter and exit trades with trend reversals. Tweezer tops candles mark the top of an uptrend and an impending reversal down, while tweezer bottoms will do the opposite and mark the bottom of a trend….Continue reading →
One of the more powerful and versatile candlestick patterns is the Harami, also known as the inside bar. There is a bullish and bearish version of the inside bar. This means that the Harami pattern can be used during any kind of market conditions. Use…Continue reading →
The Shooting Star is a bearish pin bar candlestick pattern that is popular among traders. Buyers will commonly use this candle signal to let them know when to sell their long position and take profits before the price starts to drop. Sellers use it to…Continue reading →