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.

It's Never Too Late to Become a Millionaire

It’s Never Too Late to Become a Millionaire

Welcome to the journey towards attaining financial success, where time is no barrier and every stage of life offers unique opportunities. It’s a journey where perseverance, knowledge, and strategy can translate into substantial wealth accumulation. This blog post is written to debunk common myths about wealth creation and guide you through practical, effective steps to

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The Way of Walking Alone

The Way of Walking Alone: 21 Principles For Life by Miyamoto Musashi (Dokkodo)

Embarking on the journey of life requires more than just physical strides; it involves philosophical footsteps that shape our beliefs, decisions, and actions. Among the many guideposts that history has gifted us, the teachings of the legendary Japanese swordsman and philosopher, Miyamoto Musashi, hold a timeless relevance. In his final work, he encapsulates his life’s

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Warren Buffett- Should you wait for a market crash to buy stocks

Warren Buffett: Should you wait for a market crash to buy stocks?

Navigating the highs and lows of the stock market can be daunting. Many investors wonder whether they should time their investments to coincide with market crashes in hopes of buying the perfect price level. A common question is: Should an investor have wait for a downturn to start buying into the stock market? Let’s turn

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Seven 401k Mistakes- 401k Investing for Beginners

Seven 401k Mistakes (401k Investing for Beginners)

Embarking on your retirement planning journey can feel daunting, especially when navigating complex investment account like 401k plans. It’s a crucial tool for building a large nest egg, but it’s not without its potential pitfalls. Novice investors often make easily avoidable errors, from missing out on employer matches to making rash decisions when changing jobs.

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How to Become a Sigma Male

How to Become a Sigma Male

In today’s world, societal norms often dictate how individuals should behave and interact. However, some forge their unique path, rejecting societal expectations and embracing a more reflective, self-reliant lifestyle. They exude a quiet confidence, value deep relationships over numerous acquaintances, and remain calm in adversity. They are seen as mysterious and enigmatic, often misunderstood by

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Wanna Build Wealth- Avoid These Money Mistakes

Wanna Build Wealth? Avoid These Money Mistakes

Navigating the path to financial prosperity can be overwhelming, filled with countless potential pitfalls and hurdles. It requires a nuanced understanding of money management principles, discipline, and foresight. Mistakes are often made, which can impede progress and even lead to financial setbacks. However, recognizing and avoiding these common errors can put you firmly on the

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Warren Buffett & Charlie Munger- Best Advice on Investing in S&P 500 Index Funds

Warren Buffett & Charlie Munger: Best Advice on Investing in S&P 500 Index Funds

Whether through mutual funds or exchange-traded funds, index investing has become a popular system in the stock market over the past 50 years. Some of the most valuable insights can come from the best investors. In this article, we are delving into the wisdom of two legendary investors who have revolutionized the industry and demystified

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Charlie Munger explains how Warren Buffett outperforms the market

Charlie Munger Explains How Warren Buffett Outperforms the Market

Investing can seem like an intricate puzzle, a game where the brightest minds compete, each leveraging their unique strategies and insights. So, when it comes to consistently outperforming the market, few people could offer more valuable insights than Charlie Munger, the long-term business partner of Warren Buffett at Berkshire Hathaway. In an insightful question-and-answer interview,

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6 Big Purchases Retirees (Almost) Always Regret

6 Big Purchases Retirees (Almost) Always Regret

Entering retirement signals a momentous shift in one’s life. Freed from the constraints of a 9-to-5 work schedule, many dream of spending their hard-earned savings on grand adventures, luxury goods, or ambitious investments. However, some of these seemingly attractive expenses can quickly turn into financial burdens, leading to regret and stress in a period that

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What Is an MBA Degree

What Is an MBA Degree? (What You Learn & Why Employers Hire MBA Grads)

I. Introduction The Master of Business Administration, or MBA, is a postgraduate degree focused on providing students with a comprehensive understanding of business management practices. Proper educational credentials can provide a significant advantage in today’s rapidly evolving business landscape. Among academic credentials, the Master of Business Administration (MBA) holds a distinctive position. The MBA degree

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