We often talk about investing your way to wealth. We often talk about how you need an investing strategy, but seldom do we talk about how you can invest using it! One of the most famous investment philosophies is value investing, but what is it?
Category: Invest Your Money
Invest Your Money
Below you’ll find plenty of investment articles and ideas, but is investing safe? It’s risky, right? Isn’t it more safe to keep all my money in cash?
Nope!
Cash is king, but it’s got one major flaw: just like the rest of us, cash gets weaker as it gets older. In fact, your cash loses about 3% of it’s value every single year to inflation.
Stick $100 under your mattress and next year at this time your hundred buck will have have buying power equal to about $97. Given enough time, your cash will be worthless … unless you put it to work.
Investing is required
All by itself your cash gets weaker with age, but when you put it to work by investing it, then your money gets stronger with age – a lot stronger! Investing is like creating a money making machine that works for you 24/7/365.
And it’s not hard! Investing is so easy – all you really need to do is just Index and Chill.
If you’re looking for even more investment articles and ideas then keep on reading. Below you’ll find many, many more posts on this topic, so click around till you find one that you love.
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One question that I get asked often in times of major market declines like the one we are in is, “Is it time to sell?”. It’s easy to say “NO!” but there’s a much lengthier discussion to be had.
Over the last month and a half or so we have essentially grounded to an economic halt here in the United States and globally. There is a lot of fear and anxiety.
Times like these when you look on the screen and you see the Dow down 10% and the next day it’s up 5% can be very frustrating. I get it!
The frustration is normal, although, freaking out is not! And what I mean by freaking out, is effectively saying, “Hey, I have to get out of the market, I have to sell everything.”
You’re faced with this overwhelming desire to just “stop the pain” because that’s the way that our brains work. You end up being faced with three decisions.
The economic tumult brought on by COVID-19 reminds us, once again, that trying to time the market is a fool’s errand. Following the zigs and zags of stock values during the first quarter of 2020 was like watching a high-speed Wimbledon match; you risked giving yourself financial whiplash. And trying to time your trading to profitably coincide with those zigs and zags? Impossible.
So what can you do in a topsy-turvy market that has spun out of control? How can you maximize your gains and limit your losses? For me, the answer is simple. I do what I always do; I stick to my plan.
Having an Investment Strategy is Crucial to Building Wealth!
Successful investing isn’t about predicting market trends. It isn’t about bobbing and weaving in an effort to constantly “buy low and sell high.” And it definitely isn’t about following stock charts daily and reacting to economic news as it happens. In fact, when done correctly, investing can be a remarkably hands-off activity. The best investors stick to just three basic rules to ensure that they come out ahead.
This post was written in partnership with DiversyFund.
If you’re a reader of personal finance blogs, you know that real estate investing is a hot topic. Bloggers plug and review companies like Fundrise, Realty Mogul, and PeerStreet. A relatively new, but highly competitive fund in this space is DiversyFund. The team at DiversyFund asked us to take a look at their fund. We’re glad we did.
With that brief introduction, let’s dive in and take a closer look.
