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WHICH TYPES OF STOCK WE HAVE TO AVOID?

 

WHICH TYPES OF STOCK WE HAVE TO AVOID?



HOTTEST STOCK OF HOTTEST INDUSTRIES

NO DOUBT THAT IS A HIGH GROWTH INDUSTRY, BUT AS COMPANY GROW, TOO MANY OTHER COMPANIES COME INTO PICTURE, WHICH CAUSES EARNINGS REMAIN CONSTANT FOR ALL THE COMPANIES. BECAUSE THEY HAVE TO DECREASE THE PRICE TO COMPETE WITH EACH OTHER.

“THESE COMPANIES STOCKS RISE RAPIDLY AND ALSO FALLS RAPIDLY.”


BE AWARE OF NEXT SOMETHING

AVOID THE STOCKS THAT ARE CONSIDERED NEXT RELIANCE, BAJAJ FINANCE, IBM, APPLE


AVOID DIVERSIFICATION

WHEN THE COMPANY IS TOO PROFITABLE, THEY BURN THEIR CAPITAL BY DIVERSIFICATION

IF A COMPANY ACQUIRE SOMETHING:

THEN IT SHOULD BE RELATABLE BUSINESS

EXAMPLE: GILLETTE, THE LEADING MANUFACTURER OF RAZOR BLADES ACQUIRE THE FOAMY SHAVING CREAM LINE.


BE AWARE OF WHISPER STOCKS

THE COMPANIES WHICH MAKE IMMAGINARY PROMISES FOR EARNINGS AND GROWTH SHOULD BE AVOIDED. WE CAN ALSO INVEST IN THESE COMPANIES WHEN THEY PROVE THEMSELVES.


BE AWARE OF MIDDLEMAN

THE COMPANIES THAT ARE SUPPLIERS TO BIGGER COMPANIES LIKE SOME DIGITAL PARTS TO WIPRO CAN BE WIPED OUT WHEN WIPRO STARTS MAKING THAT PARTS THEMSELVES.

DON’T ONLY READ THIS POST. BUT ALSO APPLY THESE PRINCIPLES WHILE INVEST.

 

 

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INVESTMENT ADVICES BY RAKESH JHUNJHUNWALA

 

INVESTMENT ADVICES BY RAKESH JHUNJHUNWALA

 

MAKE INVESTMENTS WHEN STOCK IS NOT POPULAR

HAVE SOME CASH IN HAND SO THAT YOU CAN GRAB THE OPPORTUNITY WHEN IT OCCURS


INVEST IN COMPANIES WHICH HAVE STRONG MANAGEMENT AND COMPETITIVE ADVANTAGE

SUCCESSFUL INVESTORS ARE OPPORTUNISTIC AND OPTIMISTIC ONES

INVEST IN A BUSINESS NOT A COMPANY.


GIVE YOUR INVESTMENTS TIME TO MATURE BE PATIENT FOR THE WORLD TO DISCOVER YOUR GEMS.

MARKETS ARE ALWAYS COMMANDING, MYSTERIOUS, UNPREDICTABLE AND VOLATILE

BE UNIQUE

 

 

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6 MONEY LESSONS RICH PARENTS TEACH THEIR KIDS

 

6 MONEY LESSONS RICH  PARENTS TEACH THEIR KIDS


1)    SUCCESS ISN’T FREE

WEALTH AND SUCCESS TAKE WORK.

“BECOMING FINANCIALLY INDEPENDENT WILL BE THE FIGHT OF YOUR LIFE. YOU WILL HAVE TO BE WILLING TO SACRIFICE YOUR TIME, SLEEP AND LEISURE TO BUILD SOMETHING GREAT”,

IT’S NOT GLAMOROUS OR PRETTY. WHILE YOUR FRIENDS ARE OUT HAVING FUN, YOU WILL BE WORKING.”


2)    GET RICH SOLVING PROBLEMS

THE TOP EARNERS KNOW THAT MONEY FLOWS FROM IDEAS AND PROBLEM SOLVING.

“IF YOU WANT TO BE RICH, SOLVE A PROBLEM, IF YOU WANT TO BE VERY WEALTHY, SOLVE A BIGGER PROBLEM.”

“IT’S SIMPLE. SOLVE A BIG PROBLEM, AND THE WORLD WILL GLADLY TURN THEIR MONEY OVER TO YOU.”


3)    SURROUND YOURSELF WITH SUCCESSFUL PEOPLE

WHO YOU HAND OUT WITH MATTERS.

FIND WAYS TO CULTIVATE RELATIONSHIPS WITH WEALTHY, SUCCESSFUL PEOPLE: “ READ THEIR BOOKS, ATTEND THEIR EVENTS, DONATE TO THEIR CHARITIES… AND WHATEVER ELSE YOU CAN DO TO GAIN INTRODUCTIONS AND BUILD RELATIONSHIPS.”


4)    MONEY SOLVE MOST PROBLEMS

THE RICH AREN’T AFRAID TO ADMIT THAT MONEY CAN SOLVE MOST PROBLEMS.

“BEING RICH WON’T MAKE YOU HAPPY, BUT IT WILL SOLVE 90 PERCENT OF YOUR PROBLEMS, IF YOU HAVE A PROBLEM, AND YOU CAN MAKE IT DISAPPEAR BY WRITING A CHECK, YOU DON’T HAVE A PROBLEM…”

MAKE YOUR MONEY BY SOLVING PROBLEMS, AND YOU WILL GET RICH ENOUGH TO PURCHASE YOUR OWN PROBLEMS AWAY.


5)    INVEST

“THE RICH ARE INVESTORS, NOT SPENDERS,”

TO BE A SUCCESSFUL INVESTOR, STICK TO WHAT YOU KNOW OR WHAT YOU ARE INTERESTED IN : “IF YOU ARE BASEBALL FAN, LOOK INTO INVESTING IN RARE BASEBALL CARDS. IF YOU LIKE DISSECTING STOCKS, YOU COULD STUDY THE STOCK MARKET.”

THEY INVEST THEIR MONEY TODAY, SO THEY WILL HAVE MORE TOMORROW.


6)    MONEY AND OPPORTUNITY ARE LIMITLESS

RICH PEOPLE SEE MONEY AS ABUNDANT.

“IF EARNING MONEY IS BASED ON SOLVING PROBLEMS, AND THE NUMBER OF PROBLEMS IS INFINITE, THEN YOUR ABILITY TO EARN MONEY IS INFINITE,”.

 

“REJECT THE MASS BELIEF THAT MONEY IS A SCARCE RESOURCE…

IT’S NOT. WHAT IS SCARE ARE PEOPLE WITH SOLUTIONS THAT OTHERS WAN TO BUY, AND THAT’S WHAT YOU NEED TO MASTER.”

 

 

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WHEN YOU WILL HAVE FINANCIAL SECURITY ?

 

DO YOU KNOW ?

WHEN YOU WILL HAVE FINANCIAL SECURITY?

FIRST YOU HAVE TO UNDERSTAND THERE ARE TWO TYPES OF INCOME

1 ACTIVE INCOME

2 PASSIVE INCOME

ACTIVE INCOME

 

THE INCOME YOU RECEIVE AFTER PERFORMING A SERVICE FOR OTHER

HERE YOUR INCOMING MONEY DEPENDS ON NUMBER OF HOURS YOU WORK.

PASSIVE INCOME

 THE INCOME YOU RECEIVE FROM YOUR INVESTMENTS.

HERE YOUR INCOMING MONEY DEPENDS ON YOUR INVESTMENTS LIKE STOCKS, BONDS, RENTAL PROPERTY, BUSINESS ETC.

WHAT IS FINANCIAL SECURITY?

THE STAGE WHEN YOU ARE NOT DEPENDENT ON YOUR ACTIVE INCOME.

WHEN YOU ARE INDEPENDENT OF YOUR ACTIVE INCOME?

WHEN YOUR PASSIVE INCOME STARTS FILLING YOUR MONTHLY EXPANSES.

WHAT THIS MEAN?

THE RETURNS YOU EARNED FROM INVESTMENTS LIKE STOCKS, REAL ESTATES, GOLD ETC. ARE GREATER THEN YOUR MONTHLY EXPENSES.

EXAMPLE:

MONTHLY EXPENSES: RS 25,000

YEARLY EXPENSES: RS 3 LAKHS

YOUR INVESTMENT PORTFOLIO: RS 50 LAKHS

AVERAGE RETURN PER YEAR: 10%

INCOME FROM INVESTMENTS PER YEAR: RS 5 LAKHS

5 LAKHS > 3 LAKHS

IN SUCH CONDITION YOU HAVE FINANCIAL SECURITY.

 THE MORE YOU INVEST TODAY WITH PROPER KNOWLEDGE, THE MORE YOU WILL BE FREE TOMORROW.

 

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CHARGES IN MUTUAL FUNDS

CHARGES IN MUTUAL FUNDS

FUND MANAGER MANAGES YOUR MONEY.
SUPPORTED BY A TEAM OF FINANCIAL ANALYSTS AND MARKET EXPERTS.
OBVIOUSLY, THEY DON’T DO THIS FOR FREE.
THE MUTUAL FUND COMPANY CHARGES FOR THEIR SERVICES.

 

1 EXPENSES RATIO

MUTUAL FUNDS MANAGE YOUR MONEY AND IN RETURN, THEY CHARGE FEES CALLED AN EXPENSES RATIO.
EXPENSE RATIO IS CHARGED ON ANNUAL BASIS.

 

2 STAMP DUTY

THE STAMP DUTY IS CHARGED AT THE RATIO OF 0.005% ON THE INVESTMENT VALUE.
STAMP DUTY CAME INTO ACTION RECENTLY, FROM 1STJULY, 2020.

 

3 SERVICE FEES

THERE ARE MANY ONLINE PLATFORMS TO INVEST IN MUTUAL FUNDS.
THERE COULD BE A TRANSACTION FEE OR SERVICE FEE THAT MAY OR MAY NOT BE APPLICABLE BY THE PLATFORM THAT YOU MAY BE USING.

 

4 EXIT LOAD

WHEN AN INVESTOR EXITS FROM A MUTUAL FUND SCHEME WITHIN A SHORT SPAN, AN EXIT LOAD HAS TO BE PAID.
THIS FEE IS CHARGED IN ORDER TO DISCOURAGE INVESTORS FROM OPTING OUT IF THE SCHEME TOO EARLY.

 

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WHO MANAGES MUTUAL FUNDS

WHO MANAGES MUTUAL FUNDS

THE MONEY IS MANAGED BY ASSET MANAGEMENT COMPANY.
THERE ARE MANY ASSET MANAGEMENT COMPANIES LIKE ICICI PRUDENTIAL, SBI MUTUAL FUNDS, HDFC AMC, MOTILAL OSWAL AND MANY OTHERS.

 

EVERY ASSET MANAGEMENT COMPANY HAS MANY MUTUAL FUND SCHEMES FOR DIFFERENT KIND OF PEOPLE DEPENDING ON THEIR GOAL, THEIR RISK FACTOR ETC.
EX – SBI MUTUAL FUND HAS 100+ MUTUAL FUND SCHEMES.
THERE ARE THOUSANDS OF PEOPLE WHO INVEST IN THE SAME MUTUAL FUND.

 

NOW, WHO WILL TAKE DECISIONS ON WHICH STOCKS TO BUY, HOW MUCH TO BUY, WHEN TO BUY, WHEN TO SELL ETC?
TO EVERY MUTUAL FUND, THERE IS A FUND MANAGER, WHO WILL TAKE DECISIONS LIKE WHICH STOCK TO BUY, HOW MUCH TO BUY, WHEN TO  BUY, WHEN TO SELL !
THE FUND MANAGER IS EXPERTIN THIS FIELD.
THAT IS WHY MUTUAL FUNDS ARE PROFESSIONALLY MANAGED FUNDS IN WHICH YOU AS AN INVESTOR DOES NOT HAVE TO DO ANY RESEARCH WORK.

 

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WHAT ARE MUTUAL FUNDS

WHAT ARE MUTUAL FUNDS
MUTUAL FUND CAN SEEM TRICKY
BUT THEY ARE VERY SIMPLE

SUPPOSE A GIRL GOT RS 10 FROM HIS FATHER.
BUT SHE WANTED TO BUY A RS 100CHOCOLATE BOX.
SO SHE CONVINCED HER OTHER FRIENDS TO COLLECTIVELY BUY THE CHOCOLATE BOX.
THE KIDS COLLECTIVELY CONTRIBUTED RS 100 (SOME MORE , SOME LESS TO BUY THE CHOCOLATE BOX.
THE KIDS THEN DISTRIBUTED CHOCOLATES PROPORTIONATELYAMONGST THEM ACCORDINGLY TO THE CONTRIBUTION.
 


MUTUAL = FROM MANY PEOPLE
FUND = POOL OF MONEY
THE MONEY POOLED IN BY A LARGE NUMBER OF PEOPLE (OR INVESTORS) IS WHAT MAKES UP A MUTUAL FUND.
THIS FUND IS MANAGED BY A PROFESSIONAL FUND MANAGER.
THEN, IT INVESTS THE MONEY IN STOCKS, BONDS, AND OTHER MARKET INSTRUMENTS.
THE INCOME/GAINS GENERATED FROM THIS COLLECTIVE INSTRUMENT IS DISTRIBUTED PROPORTIONATELY AMONGST THE INVESTORS.

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SOLUTIONS OF FINANCIAL MISTAKES

SOLUTIONS OF FINANCIAL MISTAKES
THE EARLY YOU START YOUR FINANCIAL PLANNING, THE BETTER IT IS.
FINANCIAL PLANNING IS NOT STANDARDS. IT’S PERSONAL!

BUYING LIABILITIES
ASSET IS SOMETHING THAT PUTS MONEY IN YOUR POCKET.
FOR EXAMPLE INVESTMENT, REAL ESTATES, A BUSINESS, PRODUCTS LIKE BOOKS OR ART, OR THE DIVIDENDS FROM STOCK AND BOND INVESTMENT.

POORLY USING CREDIT CARDS
CREDIT CARD CAN BE SMARTLY USED.
YOU CAN USE IT GET UPTO 50 DAYS INTEREST FREE LOAN.
CREDIT CARD CAN BE USED IN EMERGENCY SITUATIONS.
IT CAN BE USED TO IMPROVE CREDIT SCORE.

BUYING TOO MUCH GOLD
ROBERT KIYOSAKI PROMOTES BUYING GOLD, BUT WARREN BUFFET ADVISES AGAINST IT.
SO, BUYING GOLD OR NOT AND IF YES, HOW MUCH DEPENDS ON YOUR FUTURE GOALS AND RISK TAKING ABILITY.

MONEY LYING IDLE IN BANKS
MOST OF US ARE YOUNG. IN THIS AGE, WE CAN AFFORD TO TAKE SOME EXTRA RISK.
WE SHOULD INVEST IN STOCKS, MUTUAL FUNDS(FROM INDEX FUNDS TO LIQUID FUNDS), ETF’s DEPENDING ON PERSONAL GOALS AND REQUIREMENT RATHER THAN PLAYING SAFE.

PUTTING ALL EGGS IN ONE BASKET
LOOK OR EVERY INVESTMENT OPPORTUNITY POSSIBLE. INVEST IN WHAT SUITS YOU BEST. NEVER PUT ALL EGGS IN ONE BASKET.
YOU CAN DIVIDE MONEY FOR EMERGENCY FUND, FD, CASH IN SAVINGS ACCOUNT, INVESTMENT IN STOCKS, MUTUAL FUNDS, BONDS, REAL ESTATE ETC.

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DIFFERENT TYPES OF INVESTING

DIFFERENT TYPES OF INVESTING

 DIVIDEND INVESTING

 CREATE INCOME AND REINVESTINGIT TO MAKE MORE OVER TIME.

BUY AND HOLD INVESTING

INVESTING IN COMPANIES WITH VALUETO GROW YOUR MONEY OVER TIME

TREND INVESTING

INVESTING IN STOCK OR SECTOR TRENDSTO CATCH THE BIG WAVES.

 

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HOW TO INVEST BY AGE

HOW TO INVEST BY AGE
20-30
STOCKS 70%
BONDS 15%
R ESTATE 10%
CASH 5%
30- 50
STOCKS 65%
BONDS 20%
R ESTATE 10%
CASH 5%
50- 60
STOCKS 55%
BONDS 27.5%
R ESTATE 12.5%
CASH 5%
60+
STOCKS 40%
BONDS 35%
R ESTATE 15%
CASH 10%

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THE SECRET TO A COMPANY’S GROWTH

HOW IPOs WORK
THE SECRET TO A COMPANY’S GROWTH

1. COMPANIES HIRE AN INVESTMENT BANK TO ASSESS THE PRICE PER SHARE, TYPES OF SECURITIES AND THEIR IPO GOALS.
2. THE INVESTMENT BANK ACTS AS A BROKER BETWEEN THE COMPANY AND THE STOCK EXCHANGE TO HELP THEM SELL INITIAL SHARES.
3. A DATE IS SET FOR THE IPO (INITIAL PUBLIC OFFERING).
4. COMPANIES RECEIVE MONEY FROM THE IPO AND USE IT TO GROW THE BUSINESS AND GENERATE MORE REVENUE.
5. INITIAL INVESTORS SELL SHARES FOR PROFIT!

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IMPORTANT VALUATION RATIOS THAT EVERY INVESTOR SHOULD UNDERSTAND & KNOW ABOUT IT!

VALUATION RATIO
P/E RATIO
PRICE TO EARNING RATIO IS THE SHARE PRICE TO EARNING PER SHARE.

P/S RATIO
PRICE TO SALES RATIO IS THE SHARE PRICE TO REVENUE PER SHARE.

P/FCF RATO
CURRENT STOCK PRICE DIVIDED BY THE FREE CASH FLOW PER SHARE.

PEG RATIO
SIMILAR TO PE RATIO,PEG RATIO IS ADJUSTED FOR EXPECTED FUTURE GROWTH.

P/B RATIO
CURRENT MARKET PRICE DIVIDED BY NET ASSETS (BOOK VALUE).

EV/ EBITDA
ENTERPRISE VALUEDIVIDED BY EARNINGS BEFORE INTEREST, TAX & DEPRECIATION.

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BECOME A MILLIONAIRE AT 30 BY DOING THESE 8 THINGS

BECOME A MILLIONAIRE AT 30 BY DOING THESE 8 THINGS

FOCUS ON EARNING

THE FIRST STEP IS FOCUS ON INCREASING YOUR INCOME IN INCREMENTS & REPEATING THAT.
EXAMPLE: ASK FOR RAISE & START A SIDE HUSTLE.

DEVELOP MULTIPLE STREAMS OF INCOME
65% OF MILLIONAIRES IN THOMAS CORLEY’S
STUDY HAS AT LEAST 3 STREAMS.
EXAMPLE: REAL ESTATE, INDEX FUNDS, & BUSINESS OWNER.

SAVE TO INVEST, DON’T JUST SAVE
BY INVESTING YOUR “SAVED” MONEY, YOU LIVE BELOW YOUR MEANS & FOCUS ON INCREASING YOUR INCOME.
EXAMPLE: MAKE AUTOMATIC (WHEN PAID) TRANSFERS INTO AN  S&P 500 INDEX FUND.

CHANGE YOUR MINDSET ON MONEY
GETTING RICH BEGINS WITH THE WAY YOU THINK & WHAT YOU KNOW ABOUT MAKING MONEY.
EXAMPLE: RICH PEOPLE KNOW MAKING MONEY IS AN INSIDE JOB, SO KEEP LEARNING.

INVEST IN YOURSELF
WEALTHY PEOPLE ARE VORACIOUS READERS. WARREN BUFFETT DEDICATES 80% OF BIS WORKING DAY TO READING.
EXAMPLE: READ, TAKE COURSES, HIRE A COACH & EXERCISE.

DITCH THE STEADY PAYCHECK
KEEPING JUST A STEADY PAYCHECK & YEARLY PAY RAISES IS THE SLOWEST PATH TO PROSPERIT.
EXAMPLE: WHILE WORKING 9-5, CREATE A BUSINESS, BECOME A BUSINESS PARTNER, INVEST & DIVERSIFY YOUR MONEY.

SET & VISUALIZE COMPLETING GOALS
CREATE A CLEAR GOAL & THEN A SPECIFIC PLAN FOR HOW TO ACHIEVE THAT GOAL.
EXAMPLE: COMMIT TO ATTAINING WEALTH BY WRITING DOWN & VISUALIZING YOUR GOALS.

SHOOT FOR $ 10 M, NOT $ 1M
GRANT CARDONE SAID,”THE SINGLE BIGGEST FINANCIAL MISTAKE I’VE MADE WAS NOT THINKING BIG ENOUGH.”
EXAMPLE: WHATEVER YOUR GOALS IS, INCREASE THEM 10x AS YOUR “ STRETCH GOAL”. PUSHING YOU TO WORK EVEN HARDER.
 

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THE 21 DAYS GROWTH CHALLENGE

THE 21 DAYS GROWTH CHALLENGE
IT TAKES 21 DAYS TO CREATE A NEW HABIT
GOAL 1: SAVE $20 PER DAY.
GOAL 2 : INVEST $5 PER DAY.
GOAL 3: READ 24PAGES PER DAY.
AFTER 21 DAYS, YOU WILL HAVE
SUCCESSFULLY $420 SAVED
 YOU HAVE $105 INVESTED
 FINISHED READING A GROWTH BOOK


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BEST AND SIMPLE WAYS TO MAKE MONEY WHILE SLEEPING

BEST AND SIMPLE WAYS TO MAKE MONEY WHILE SLEEPING

OWN RENTAL PROPERTIES
         A property from which the owner receives payment from the occupant(s), known as tenants, in return for occupying or using the property. Rental properties may be either residential or commercial. The owner of rental property may be allowed to take certain tax deductions such as mortgage interest and depreciation.

DO AFFILIATE MARKETING
Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. 

 

PEER TO PEER LENDING
Peer-to-peer (P2P) lending enables individuals to obtain loans directly from other individuals, cutting out the financial institution as the middleman.

INVEST IN DIVIDEND STOCKS
A stock dividend is a proportionate distribution of additional shares of a company’s stock to owners of the common stock. In other words, you will receive additional shares of stock when a company declares a stock dividend, in contrast to a cash dividend.

SELL E-BOOKS/COURSE
Choose a popular topic for your eBook. Write your eBook to a high standard. Choose the best-value publishing platform for you. Develop a marketing strategy for your eBook. Enter your eBook into writing competitions. Publish a series of eBooks.

RUN VENDING MACHINES
Most vending machines earn less than $5 per week. However, a well-placed vending machine can earn far more than that, potentially exceeding $100 per week or even hundreds of dollars per day. Vending machine earnings vary widely based on many different variables.

 CREATE AN APP

Over 18% of android app developers earn over $5,000 per month, and the same amount is earned by 25% of iOS app developers. Video game apps are making money in millions. Now, the growing market of smart TVs and the emerging market in smart watches will expand the app business in the coming years.

SELL STOCK PHOTOS

In general, stock photos earn approximately 25-45 cents per image, per month. This obviously depends on many factors, including how many agencies you upload to, your skill in key wording, and the uniqueness of the images.

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WHY PEOPLE LOSE MONEY IN STOCKS

WHY PEOPLE LOSE MONEY IN STOCKS

TRYING TO GET RICH QUICK

HOLDING ONTO LOSSES, TAKING PROFITS EARLY
BLINDLY FOLLOWING THE CROWD

LACK OF KNOWLEDGE

Don’t Give up Great Things Take Time

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TIPS FOR PERSONAL FINANCE GOALS

 TIPS FOR PERSONAL FINANCE GOALS
1) BUY STOCKS ON MONTHLY BASIS

 2) SAVE 20%OF YOUR INCOME

3) INVEST IN LOW COST INDEX FUNDS.
 4) INVEST IN DIVIDEND STOCKS.
 5) READ 1 BOOK A MONTH.
 6) PAY OF ALL YOUR DEBT.
 7) CREATE ANOTHER STREAM OF INCOME.

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TIPS TO HELP YOUR FINANCIAL GOALS FOR 2020

TIPS TO HELP YOUR FINANCIAL GOALS FOR 2020

 

BUILD AN EMERGENCY FUND OF 10K

“Your emergency fund is not an investment, it’s insurance with one purpose – to protect you and your family.”

SAVE 20% OF YOUR INCOME PER MONTH

            “Not wasting money is the best way to save money”.


 

READ 10 BOOKS ABOUT FINANCE

“When money realizes that it is in good hands, it wants to 
stay and multiply in those hands.”

INVEST IN A STOCK PORTFOLIO
 “Risk comes from not knowing what you’re doing.”

 FIND A NEW SIDE HUSTLE

“Good things happen to those who hustle.” 



TRACK YOUR FINANCES

 
“Beware of little expenses“.


PAY OFF BAD DEBT

     “That’ll Make You Want to Cut Up Your Credit Cards”.

LEARN A NEW SKILL
 
“The beautiful thing about learning is that nobody can take it away from you.” 

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IMPROVE YOUR FINANCIAL STATUS

IMPROVE YOUR FINANCIAL STATUS

Track your expenses

Tracking your expenses helps you to see spending mistakes before they become disastrous personal finance problems. Tracking your expenses helps make you more mindful of spending in the moment. Tracking your expenses can kill financial stress.
Read books about finance 
It makes the reader understand how very simple finance tips can help in managing your everyday finances while the “pay yourself first” money can help in wealth accumulation for the future.
Have a side hustle
A side hustle is any type of employment undertaken in addition to one’s full-time job. A side hustle is generally freelance or piecework in nature, providing a supplemental income. Side hustles are often things a person is passionate about, rather day a typical day job worked in order to make ends meet. 
Always use coupons

People use coupons to save money. … However, coupons allow stores to also get business from people who have relatively more time on their hands (to find and cut coupons) than they have money, and would only make the purchase at the lower price offered by the coupon.


Find a mentor
 A financial mentor is essentially someone who can help you plan smart strategies for how to spend, save, and invest your money. Money can get complicated and having a trusted financial mentor can bring clarity and context to your financial decisions and make things like investing and saving a little easier to manage.



Start Investing

Investing when you’re young is one of the best ways to see solid returns on your money. That’s thanks to compound interest, which means your investment returns start earning their own return. Compound interest allows your account balance to snowball over time.