Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

Is $3 Million Enough to Comfortably Retire On

Is $3 Million Enough to Comfortably Retire On?

Retirement is a significant milestone that many people eagerly anticipate. However, the financial uncertainties that accompany it can be overwhelming. One of the most frequently asked questions by those approaching retirement is: “How much money do I need to retire comfortably?” While $3 million is substantial, its adequacy for a comfortable retirement is influenced by …

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How to Have the Perfect Portfolio in Investing-John Bogle’s View

How to Have the Perfect Portfolio in Investing: John Bogle’s View

Everyone wants to know the secret to having the ideal portfolio when investing. Legendary investor John Bogle shared his philosophy on building the perfect portfolio that can withstand time. Keep reading to see what he had to say about how to construct the perfect portfolio. Below is the transcript of an interview with John Bogle …

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You Must Let Go of These 15 Things to Retire Early_ Most Can't - Can You_ (Retirement Planning)

You Must Let Go of These 15 Things to Retire Early: Most Can’t – Can You? (Retirement Planning)

Retiring early is a dream for many, but it’s often easier said than done. They leave their careers and give up the steady paycheck decades before the norm goes against conventional wisdom. Why do so few retire early, even if they are financially able? The underlying reason is just how mentally tricky the transition can …

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Warren Buffett_ The Debt Ceiling Argument Is Stupid

Warren Buffett: The Debt Ceiling Argument Is Really Stupid

Warren Buffett, the oracle of Omaha, has never been one to mince his words, especially when it comes to financial matters. In a candid discussion, he delves deep into the contentious topic of the debt ceiling, shedding light on its economic implications and drawing historical parallels. As he navigates through the intricacies of currency control …

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Can I retire_ What are the common traits of those who can't retire

Can I Retire? What are the Common Traits of Those Who Can’t Retire?

Knowing whether you can retire comes down to understanding your complete financial picture and readiness. You must review your savings, income sources, debts, and expected retirement expenses. Ideally, you want around 10-20 times your annual living expenses saved up. Look at all your obligations like a mortgage or rent, multiple income streams like Social Security …

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Hyperinflation is Already Here_ You Just Haven't Realized It Yet

Hyperinflation Is Already Here: You Just Haven’t Realized It Yet

hy·per·in·fla·tion (hīpərənˈflāSHən/) noun monetary inflation occurring at a very high rate. Hyperinflation could have already taken hold when you look at the increase in prices of food, cars, rent, and homes in the past three years. Despite assurances from policymakers that inflation is under control, an objective look at recent economic policies and market behaviors suggests an …

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Buffett & Munger- Every Investor Makes These 10 Mistakes

Buffett & Munger: Every Investor Makes These 10 Mistakes

Warren Buffett and Charlie Munger are two of the greatest investors ever. But their incredible success came from something other than following the crowd. In fact, they attribute much of their investing excellence to avoiding common errors that trip up most market participants. Buffett and Munger have warned about the pitfalls that cause most investors …

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6 Common Frugal Habits I Refuse to Follow

6 Common Frugal Habits I Refuse to Follow

In personal finance, frugality often stands as a beacon for many aiming to achieve financial success. While saving money and cutting costs have merits, it’s crucial to understand that everyone’s financial journey and priorities differ. In pursuing frugality, many individuals adopt habits that promise significant savings and a streamlined lifestyle. However, while these standard practices …

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