Financial Literacy
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What is an IRA?
An IRA is an individual retirement account. It allows you to save money for retirement in a taxed advantage way. It is an account set up by a specific financial institution that allows an individual to set aside funds for retirement savings. There are several types of IRAs as of 2020: they are traditional IRAs…
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The Top Investing Books by @elite.investor
The Top Investing Books One thing that I get asked WAY too often is, what are the best books on investing? What are the must-reads that everyone has to read in order to be successful at this game? What if I’m a beginner? What should I be reading to get myself started? -The Intelligent Investor…
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How to Build a LONG TERM Investment Portfolio
In this post, I will be going over my personal attack strategy when it comes to buying stocks for a long term position. We will look at what a good entry position is, what stocks should you buy, and how to decide how many to buy. It is also important to note that this is…
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The First Steps Of Moving Averages
A moving average is an average price for a trading instrument over a set time frame. they are technical tools used on charts for trend identification. They can be used as standalone lines for trend trading, or in conjunction with other technical indicators like RSI and Bollinger bands. Moving averages are one of the building blocks…
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What is an ETF?
An ETF is short for exchange-traded funds. It is an investment fund traded on stock exchanges, much like stocks. ETFs are used to group sectors of industry and create less risk for investors. Let’s look at an example. The best example is to look at the ETF for the S&P 500. This is known as…
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Dollar-Cost Averaging Strategy
Dollar-cost averaging is an investment strategy that aims to reduce the impact of volatility on large purchases of financial assets such as equities. It is a simple technique that entails investing a fixed amount of money in the same fund or stock at regular intervals over a long period of time. This means that during…
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The Stock Market and The Economy DO NOT correlate!
I am hearing too many people think the economy and the stock market correlate and go in the same direction, but it does not! The stock market and the economy have never been on the same page. The S&P 500 has surged 45% since it bottomed on March 23rd and is just 5% lower than…
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Buy FEAR, Sell GREED
“Truth be told, if you keep buying high and selling low, you should stay out of the stock market, because you’re losing money. Your primary goal as an investor should be not to lose money.” – Carl Richards The market right now is filled with greedy newbies who are pumping stocks that are bankrupt and…
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Reverse Stock Splits: Good or Bad for Shareholders?
A reverse stock split is a reduction in the number of companies traded shares that results in an increase in the value of the shares but a decrease in how many shares are available to purchase. for example, a 2:1 reverse stock split, a company would take every two shares and they would be replaced…
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The First Steps of Bollinger Bands
SPY Chart by TradingView In the 1980s, John Bollinger, an American author, Financial analyst and contributor to the field of technical analysis developed the indicator “Bollinger Bands” Bollinger bands are a functional tool that combines moving averages and standard deviations which makes it one of the most popular technical analysis tools. Bollinger bands are the…
Financial Freedom 101 