In just a few short days, we will turn the calendar page to a whole new year. It will be 2023. Just as we have new opportunities each day for a fresh start and a new beginning to expunge anything that may have taken us off our game a bit whether that is overspending, overeating, or overindulging in any area, we also have a fantastic opportunity to embark on a new year filled with ample opportunities, dreams, and goals. Now, Take a step back and think about the past year. What was good and what are the areas where improvements can be and should be made?
Amidst the rush of preparing for the holidays, take some time to look at your finances and see where you need to make improvements. Do this now before the new year. Start 2023 with a solid financial plan. One account you need to consider adding to your portfolio is an IRA, specifically a Roth IRA. A Roth IRA can help you become a tax-free millionaire. Want to learn how?
As many of you may know, my investing style is pretty simple. I mostly invest in index funds and ETFs. Simple, right?! I KNOW. Guess what investing does not have to be? Complicated. Below I will explain ten ETFs out of the close to 3,000 funds there are to choose from that can get you on the path to become a millionaire. Believe it or not, just utilizing a combination of these top ten ETFs can make you a millionaire.
Many are predicting a rough financial road ahead. And because of that, some will advise against investing in the stock market. This is a time to take pause and to really educate yourself before buying into all of the hype. Before stuffing your money under a mattress or halting investing, let’s look at things critically and get a good understanding of the stock market, so you can make informed decisions rather than those that are reactionary and emotional.
This is not a treatise against Dave Ramsey personally. He has helped countless people figure out their financial and life situations. He even provides some sound financial advice. Despite many reviews on the Internet about Dave Ramsey and the Ramsey machine, this is not a blog railing against him. This blog is actually my take on Ramsey’s ideology and how it aligns with mine along with key elements about which I disagree.
In today’s market, therefore, it seems like bonds would be something each investor would already have or would want to include in his or her portfolio, especially in light of today’s volatile stock market. However, the rising interest rates are driving bond prices down. What all of this amounts to is that we are in for some serious volatility in the market. But that should not cause us to pull out of the market. Being diversified is still the best thing for your portfolio.
Investors are always trying to beat the market and to time the market, and they continue to lose. Index fund investing has proven over time to be the most successful way to win in the market. I’m here to give you some advice about the top five index funds that you may want to consider for your investment portfolio.
The stock market is YOU. People are what fuels the companies and, in essence, are the market. Don’t buy into the fear. More importantly, if you start buying into the idea that the stock market will fail or even crash, you are betting against yourself.
Many people question how much they can earn investing in the stock market, and some question if they can earn 10%. You have to be careful making assumptions with the stock market and fully understand it for all of its nuances and intricacies. Investing in the stock market IS a good investment, but you haveContinue reading “Can I REALLY Earn 10% In The Market?”