The stock market trading game is not for the timid or cash strapped. Although you may be paying a few dollars, tens of dollars, or hundreds of dollars per share, you usually buy or sell hundreds or thousands of shares at a time. Most experts suggest that you spend at least $1,000. Don’t get me started on calculating weighted averages
You need a lot of money to invest in the real estate market. If you wanted to invest as a part of an investment pool, it might cost you anywhere between $5,000 and $50,000. And, those are just conservative estimates. If you wanted to invest in multiple unit properties, luxury properties, or expansive real estate properties, you would need more
There is a saying that bad investment decisions are akin to a tax on intelligent people who commit stupid actions with their money. Also, strategic investing become more prohibitively expensive as we age. If you wait until you are in your mid-40s to begin investing, you will have to save over three times as much money than you would have
Although still illegal on the federal level, marijuana has become decriminalized on the city and municipal level in many areas. The advent of the entrepreneurial marijuana industry is a testament to this fact. About 31 American states and counting have legalized marijuana for recreational and/or medicinal use. The legal marijuana industry is set to make about $14 billion in profits in
How much information do you think you would need to change your financial life? How many classes would you need to take? Or how many counseling sessions would you need to have before you felt you could handle your personal finances? As a previous financial advisor, I met more than my fair share of clients that could have used hours and hours of my time and never really got their finances in order. So maybe simple is better. So let’s use this 3×5 card to advance your financial life. The card was written by University of Chicago Professor Harold Pollack who basically says that the best personal finance advice is simple and available for free at your local library.
Last week I wrote about how amateur stock picks and even random stock picks have outperformed expert stock picks since January 2012. It is one of the reasons I don't trust the stock market. I realize this is not a popular opinion. Talk to any financial advisor or even your parents or grand parents, and they will tell you that