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.
Read my In-Depth Pattern Guide for Japanese Candlestick Charts
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…
The Hammer Bullish Pin Bar Candlestick Pattern Trading Tips
The Hammer is a bullish pin bar candlestick pattern. You want to look for this candle at the end of a short-term downtrend in prices, since the candle will often reverse the trend and cause prices to rise again. That makes it a perfect opportunity…
Continue reading →Evening Star Candlestick Pattern Trading Tips
One of the most powerful bearish candlestick patterns is the evening star. The pattern is often an indication that the market has reversed from bullish to bearish, at least short-term. For this reason, it can be an excellent signal to use to exit long positions…
Continue reading →Morning Star Candlestick Pattern Analysis
A really powerful bullish candlestick pattern is the morning star. After a short-term downtrend, the morning star candlestick pattern can quickly reverse the price trend to the upside. It’s a perfect signal to use for entering long positions or exiting short positions. This candle pattern…
Continue reading →Gravestone Doji Candlestick Pattern & Trading Strategies
The gravestone doji candlestick is a powerful bearish candle that can sometimes mark a trend reversal. This makes it a great indicator to use for entering short positions and exiting long positions during an overall bear market. There are two other doji candles: the neutral…
Continue reading →Dragonfly Doji Candlestick Pattern Analysis & Trading Tips
The dragonfly doji candlestick is an important bullish pattern that can mark a trend reversal from a downtrend to a rally. That makes this candle capable of being used to plan an entry point for a long position. You could also potentially use it to…
Continue reading →Neutral Doji Candlestick Pattern Example & Trading Tips
The doji candlestick is another chart pattern that all traders need to understand because it is among the most powerful trend reversals. Overall, doji can really be considered to be a neutral candle, since it can indicate a potential swing to the upside or downside…
Continue reading →Bull Engulfing Bar Candlestick Pattern Guide
The bullish engulfing bar is one of my personal favorites among all candlestick patterns. I prefer being a bull, buying low and selling high instead of trying to short assets, so I’m always on the lookout for this trend reversal signal to initiate entry points…
Continue reading →Bear Engulfing Bar Candlestick Pattern Guide
One of the most powerful candlestick patterns is the bear engulfing bar. Combined with other indicators, such as resistance and support levels, the bearish engulfing bar can often signal the end of an upward price action trend and the reversal to a downtrend. This engulfing…
Continue reading →Japanese Candlestick Chart Analysis: An In-Depth Guide
Whether you are a professional trader in the stock market or just a retail investor that likes to dabble in cryptocurrency, you need an accurate and reliable chart analysis strategy to help you plan entry and exit points. One of the best methods uses the…
Continue reading →How to Retire in Your Early 30s & Never Work Again
You must be at least 62 to begin collecting payments from social security, although you’ll receive reduced benefits claiming at that early age. You must now be 67 years old to receive your full social security benefits. Despite this, it’s actually possible to retire in…
Continue reading →High Yield Savings Account Online for Emergency Funds
The best interest rates you’ll be able to find for a savings account will be high yield accounts online. Even though a high interest savings account won’t be able to compete with stock market returns, they can still be an excellent choice to use for…
Continue reading →Gold & Silver Investing: Good Inflation Hedge or Bad Bet?
Gold, silver and other precious metals are commonly used to diversify an investment portfolio. Is this a good idea or would these funds be more profitable invested in other ways? Traditionally, it was a fairly safe bet to invest long-term in metals like gold or…
Continue reading →Using Tax Loss Harvesting Rules to Reduce Tax Liability
A popular strategy used by investors to reduce their federal income tax liability is tax loss harvesting. With this tactic, you may be able to completely offset short-term and/or long-term capital gains to eliminate the need to pay taxes on those profits. The important thing…
Continue reading →Dollar Cost Averaging (DCA) Investment Strategy Review
A favorite investment strategy among both professional and retail investors is Dollar-Cost Averaging, also called DCA. Even the best traders can find it near impossible to accurately time the market, so this approach breaks up contributions over time to obtain an average price. It’s a…
Continue reading →Will Cryptocurrency Be The Next Dot Com Bubble?
The current cryptocurrency market shares some similarities to the Dot Com Bubble in 1999-2000. By simply existing, a crypto token tends to have default value. Massive speculation is taking place among investors trying to hit it big on the next coin with rapid price appreciation….
Continue reading →Will Bitcoin (BTC) Drop Below $20,000 in 2022?
There is a lot of talk right now about where the price of Bitcoin is heading. Some analysts are calling for a capitulation event that could cause an extreme drop in prices from the already deflated price of Bitcoin. Calls for lows as bad as…
Continue reading →Use a Dividend Reinvestment Plan to Save for Retirement
All retirement portfolios have the same goal to save up enough money to retire. The longer you contribute to this fund, the more your money is able to compound and grow. One of the easiest ways to compound your money over long periods of time…
Continue reading →What are Real Estate Investment Trusts (REITs)?
An REIT, or Real Estate Investment Trust, is a real estate company that you can invest in to receive dividends from their profits. There are a lot of REITs that cover a wide variety of real estate industries. They can investors easy access to property…
Continue reading →What are US Government Bonds & Where to Buy?
When you buy a government bond from the US Treasury, you’re loaning money to the government at a set interest rate for a specific period of time. This is considered to be one of the safest investment options, especially for fixed income generation. The bonds…
Continue reading →How to Buy US Treasury Inflation-Protected Securities (TIPS)
With the oncoming threat of an economic recession, rapidly rising interest rates and inflation, many investors will look for ways to protect their funds from the effects of inflation. Treasury Inflation-Protected Securities, otherwise known as TIPS, are US government backed bonds that can be the…
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