The first lesson in investing is “only invest in things you know”. Sometimes it is tempting not to follow this advice as the grass always seems greener on the other side. This mistake usually doesn't work in your favor, as you can see by my worst 2011 investment, which did not meet the criteria of “invest only in things you know”.
Last weekend I was taking Kevin’s advice and decided to spoil myself with a dream vacation. I know Kevin enjoyed this trip nearly as much as I did because of all of the money I spent (you will see the race to $1 million update on Friday). What Kevin doesn’t know is that my vacation has inspired a great stock
A few weeks ago we said you shouldn’t be afraid to trust other people with your money. But what about trusting other people’s investment advice? When you put your money into a mutual fund and trust somebody else to manage it, your assumption is that the person in charge will be an expert in their field (investing). However, many of
Don’t be afraid to trust other people with your money! Although you’ve come to the Thousandaire stock pick because you want to be slightly more hands on with your financial future, there is nothing wrong with investing your money in mutual funds or similar products. Put Your Money into a Fund At first look, this would seem to be in direct
We here at Thousandaire pride ourselves with introducing alternative and unique investment opportunities. A quick Google search will reveal thousands of articles and blogs analyzing ExxonMobil or BP, but only Thousandaire will show you how to buy 14 years worth of gas for a flat up-front fee. Every day there are millions of new opinions on which company will win, but only
As I’m sitting here today drinking my Coke Zero (trying to shed a few pounds for the summer time), I was overcome with a stroke of genius. No, I didn’t invent a new weight-loss diet. And no, I didn’t get a brain tumor from all of the artificial sweeteners. My lightbulb lit up in the shape of this week’s stock pick.