Patience in trading is the ability to wait to take action until it’s the right time. Ego, impulses, boredom, and greed, can overcome a traders resolve and cause them to take action too soon or too much. Patience is the ability to follow a trading plan in real time with discipline and focus. Discipline is […]
Steps to Improving Your Trading Patience And Discipline Read More »
Business is not as easy as most people believe, whether it’s a big business trying to survive in its market year by year or a small business just starting out, the success rate is not high. Big business must grow its top line sales and its bottom line profit just to stay in business as
Businesses that Never Fail? 6 Businesses with Low Failure Rates Read More »
School focuses on teaching reading, writing, and arithmetic primarily. How money works is rarely a topic for teaching or discussion. Too many students leave school with no understanding of personal finance, investing, or business and it shows. If a student is lucky they may get a home economics class to learn how to manage a
Escaping the Rat Race: What School Failed to Teach You About Money Read More »
In the United States there is high diversity between different so-called classes of people and their net worth. This is purely based on their finances and how much they have in assets, investments, and cash and not reflecting on how hard they work or how much value they add to the economy. The net worth
Net Worth To Be in America’s Upper, Middle & Lower Class Read More »
Too many people are never educated about money and how it works. Sadly, many people think that wealth is achieved through inheritance, support of a rich family, luck, greed, or fraud. The school systems around the world train employees not entrepreneurs. Starting your own business, investing, and pursuing financial freedom is seen by most as
Untold Truth About Money: How to Build Wealth From Nothing Read More »
The first things that the middle class must understand about millionaires is that their millionaire status is measured in their net worth not their annual income, and most of them pay their bills through cash flowing assets not a pay check. The majority of millionaires have multiple streams of income and are diversified in their
7 Types of Income Millionaires Have (How the Rich Make Money) Read More »
Minimalists are people that enjoy having the bare minimum of things in their life. They love an easy life that’s focused on doing what they love. They don’t feel like it’s a sacrifice, they hate clutter, wasting time, the upkeep and maintenance on cars, homes, boats, motorcycles etc. They like living spaces that are easy
Minimalist Approach to Personal Finance Read More »
While traders can’t stop feeling emotions because they are human, they can remove acting on their emotions in their trading. Feeling emotions and letting them influence your entries, exits, and position sizing are two different things. How do traders remove emotions? Many new traders will find the most difficult thing about trading is not the
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Buy and hold investing is the strategy of buying a diversified portfolio of stocks using mutual funds or ETFs and holding them for the long-term. The normal hold time for buy and hold can be from 30 to 40 years. The strategy uses the historical returns for the U.S. stock market as its backtest. The
SPY 200-day Moving Average Strategy (Beats Buy and Hold) Read More »
The United States is one of the richest countries in the history of the world. The median income in the U.S. is $65,700 and the median net worth is $121,700. This is the middle, there is a huge variance both below and above this level. The bottom 20% of earners nationwide make $26,685 a year.[1]
Net Worth and Income of the Top 20%, 10%, 5% & 1% In America (U.S.) Read More »
Do you every wish you could look over the shoulder of legendary investors and see what they are buying during the 2022 market crash? It could give insight into their thoughts about the future. It would be more of a look at their own strategy based on their method and time frame but would be
Top 10 Stocks the Smart Money is Buying During the 2022 Crash Read More »
Inflation is high, interest rates are rising, the consumer is going deeper into debt to keep up with the cost of living. Corporate profits continue to decline with drops in consumer discretionary spending and increasing labor, energy, and borrowing costs for business. Michael Burry predicted all of these things in the past 3 years. In
Michael Burry’s Worrying Recession Warning (White-Collar Job Bubble) Read More »
Paul Tudor Jones became famous after appearing in the PBS documentary The Trader in 1987 where he anticipated a stock market crash. He used stock index futures to triple his capital under management during the Black Monday crash in 1987 with large short positions while most other traders were ruined or suffered huge losses. His
Paul Tudor Jones: We are getting ready to deploy our recession playbook Read More »
David Tepper grew up poor in Pittsburgh, Pennsylvania and had the desire and drive to become rich from a young age. He merged himself in learning and education and wanted to graduate from college in three years to not only save time but money. Tepper started trading during college to pay for his tuition. He
From Day Trader to Billionaire – David Tepper’s Strategy Read More »
Oil supply and demand Even though the United States is the world’s biggest producer of oil it still uses more than it makes requiring imports of oil. The world currently uses approximately 100 million barrels of oil a day, the U.S. produces about $18.8 million barrels a day in 2022 up from 2021. However the
The Worst Oil Crisis In 40 Years Has Started Read More »
Deep value investing is quantifying the stocks that are the greatest value per share in the market at any given time based on their low share price versus the minimal value of the business. These are the stocks that are the best asymmetric bets with a minimal downside left but that could multiply in share
The Deep Value Investing Formula Read More »
You can’t master the markets as no one knows the future or can predict what millions of traders and investors will do today or tomorrow. The best we can do is master our own behavior in disciplined execution of our own system. The majority of new traders look to find consistency making money from one
10 Principles For Trading Consistency (Trading Psychology) Read More »
The richest man in the world is a serial entrepreneur. Elon Musk has spent his whole life building businesses from scratch, the early ones he sold and the latest ones he has kept. His record for creating companies is staggering in quantity, scale, and magnitude. What companies has Elon Musk created? His first business building
How to Create a Company: Elon Musk’s 5 Rules Read More »
Up Charlie Munger worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s before he went off to college. He’s originally from Omaha and left to attend the University of Michigan to become a meteorologist in the army during World War II. He
Current Charlie Munger Portfolio 2022: Q2 Update Read More »
Roth IRAs and traditional 401K accounts are designed to enable people to save money in investment accounts by offering tax advantages. These retirement accounts were meant to replace the defined employer pension plans of the past. With a pension plan an employee received a defined payment every month from their employer based on years of
Becoming a Millionaire: Roth IRA vs 401K (What makes the most profit) Read More »