Most of you know Warren Buffett. He’s the guy who turned his paper route money into billions of dollars. There are people who think he is a one of a kind investor and he has a magic formula that makes him tons of money. But he is just really good at what he does and [...]
Your portfolio is made up of assets. An asset is a tool used to make more money. Companies use assets like plants so they can produce widgets, land so they can raise crops, and wood, glass and marble so they can build hotels. You can also hold paper investments in your portfolio. They are not [...]
I’d have to admit, finance is not the most interesting topic. Even if you like money, you might be bored to death by finance. Most United States citizens didn’t even care about finance and how it affects their lives until they had to finance a bank bailout. Even if you hate finance there are 3 [...]
Trading without a stop-loss is like jumping out of a plane without a parachute, yet most first time investors don’t take the time to place this simple order. Simply put, a stop-loss order is an order placed with your broker to sell your position once the asset drops to a certain price. Well if trading [...]
Building wealth takes time and knowledge. There is no get rich quick method. There are a few ways to begin building wealth. Passive Income vs. Active Income Active Income Active Income is based on your own personal efforts to make money by exchanging hours for dollars. It is the income that comes in when you [...]
