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Frequently Asked Investing Questions "Debunked"
(PART 1)
- A THREAD -
(PART 1)
- A THREAD -
1.
"How much money do I need to start?"
This question gets asked A LOT
The truth is there& #39;s no magical number for the amount of dollars you need to start investing
We have access to investing platforms that allow us to open an account for a low cost of $0
"How much money do I need to start?"
This question gets asked A LOT
The truth is there& #39;s no magical number for the amount of dollars you need to start investing
We have access to investing platforms that allow us to open an account for a low cost of $0
Some of us also have access to fractional shares
Therefore if you have just $1 to your name
You can invest
Stop waiting for a specific amount of money to start
If you& #39;re a beginner...
You& #39;re better off starting small
The stakes are lower & you& #39;ll have more peace of mind
Therefore if you have just $1 to your name
You can invest
Stop waiting for a specific amount of money to start
If you& #39;re a beginner...
You& #39;re better off starting small
The stakes are lower & you& #39;ll have more peace of mind
2.
"How would you invest $1,000?"
There& #39;s no right or wrong answer to this question
But I get it a lot...
"Sir Alpha, how would you invest X amount of money?"
Let me tell you this...
My answer might be completely different than someone else& #39;s
Why?
"How would you invest $1,000?"
There& #39;s no right or wrong answer to this question
But I get it a lot...
"Sir Alpha, how would you invest X amount of money?"
Let me tell you this...
My answer might be completely different than someone else& #39;s
Why?
How you invest depends on your
- Risk tolerance
- Time horizon
- Funds
- Lifestyle
But if I were to answer the question...
50% in dividend growth stocks within mature industries
25% in REITs
25% in technology ETFs
I have a bias towards passive income but you might not
- Risk tolerance
- Time horizon
- Funds
- Lifestyle
But if I were to answer the question...
50% in dividend growth stocks within mature industries
25% in REITs
25% in technology ETFs
I have a bias towards passive income but you might not
3.
"What& #39;s better technical or fundamental analysis?"
This one cracks me up
Because those who ask usually don& #39;t know what the difference is
What I can say is that it also depends on your investing preference
As well as your lifestyle...
"What& #39;s better technical or fundamental analysis?"
This one cracks me up
Because those who ask usually don& #39;t know what the difference is
What I can say is that it also depends on your investing preference
As well as your lifestyle...
Do you like graphs and charting?
Technical analysis will probably be of more interest to you
Do you like ratios and financial statements?
Then fundamental analysis will help you excel
And I can most definitely help you out with that one
Technical analysis will probably be of more interest to you
Do you like ratios and financial statements?
Then fundamental analysis will help you excel
And I can most definitely help you out with that one
Sometimes when people ask these types of questions they only focus on the potential gains
But they don& #39;t see the work that& #39;s required in the background
Your lifestyle and preferences will determine how you find success as an investor
But they don& #39;t see the work that& #39;s required in the background
Your lifestyle and preferences will determine how you find success as an investor
4.
"Is it risky to pick your own stocks?"
The answer is yes
But it& #39;s equally risky to let someone else pick your stocks for you
Every investment carries some sort of risk
Once you understand this, it will make the process a whole lot smoother
"Is it risky to pick your own stocks?"
The answer is yes
But it& #39;s equally risky to let someone else pick your stocks for you
Every investment carries some sort of risk
Once you understand this, it will make the process a whole lot smoother
I always tell people to study what makes a good investment
There are a few basics you can learn that will help you achieve this skill
But you have to be willing to educate yourself first
The risk is always there
But you can limit the risk by acquiring the knowledge
There are a few basics you can learn that will help you achieve this skill
But you have to be willing to educate yourself first
The risk is always there
But you can limit the risk by acquiring the knowledge
5.
"How do I know when to buy/sell?"
If we knew when to buy or sell every time
Everyone would be a multi-millionaire investor
The answer to this question depends on whether you& #39;re a technical or fundamental analyst
"How do I know when to buy/sell?"
If we knew when to buy or sell every time
Everyone would be a multi-millionaire investor
The answer to this question depends on whether you& #39;re a technical or fundamental analyst
Technical analysts know when to buy/sell because of patterns and trends
They are able to identify entry and exits points to maximize returns and limit losses
Go talk to @TheJoyfulTrader about that, he& #39;s got you covered
On the other hand...
They are able to identify entry and exits points to maximize returns and limit losses
Go talk to @TheJoyfulTrader about that, he& #39;s got you covered
On the other hand...
Fundamental analysts know when to buy/sell based on ratios, financial statements and their valuations
They are able to identify the value of a company using numbers
And can formulate an explanation as to why a company might be a good investment
They are able to identify the value of a company using numbers
And can formulate an explanation as to why a company might be a good investment
6.
"Where can I get elite dividend investing knowledge?"
The answer is within my free guide Dividend Domination
Click below to grab your copy
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"Where can I get elite dividend investing knowledge?"
The answer is within my free guide Dividend Domination
Click below to grab your copy
