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AMBITION IS THE FIRST STEP TOWARDS
SUCCESS
TAKING ACTION IS THE FIRST STEP TOWARDS
PROGRESs
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Most people want to live it up first and pay later.
Few people want to save first and live it up later.
Free basic investor infos, free tools, my website is free to all, free links like YouTube channels and a bonus link for free access to my entire Portfolios Tickers lists with live prices and average price targets across all analysts from 6 different sources (needs updating). Each ticker is a link to the stock's overview page on MarketWatch (link at the bottom of this intro).
In the same effort as as many YouTube channels, except I don't make videos and I don't charge anything for what I do or what I share, I expose my strategy and share all the tools you need to get started and make the journey to financial wealth and freedom.
Recently retired at age 53, I managed to pull in over 250% profits in less than 18 months, was near 450% before the correction started back in February 2021. Since I began, I've had fair success. Check out my Strategy page where I talk about several stocks I got into early at insanely low costs with which I made good profits.
Link to Portfolios lists right here....click for immediate access, it will open a new page : https://docs.google.com/spreadsheets/d/e/2PACX-1vS5BxVe9VewuaNVOqDG-CqW9DFxUeWA1SQQQHu8nSSH9XUMDg99A9bijFf-kUW7OVhjJAHRXeBs2qJj/pubhtml?gid=0&single=true
Let's Make Money
ABOUT investing
I am not a financial or investment advisor, although I have a Certificate in Financial Management. I built this site for my family and friends for edutainment purposes only. I am in Canada, although many of the stocks I am invested in are US companies.
The first step is to gain knowledge, read, watch videos and learn about the basics. Investing requires time and patience as well as wise decision making and most of all action. The earlier you will begin, the earlier you will progress and hopefully make profits.
The more you invest, the more you can profit. However, it is just as important to remember that sometimes in investing you can end up not making profits. Therefore, it is crucial to invest only what you are ready and willing to lose, but staying focused on the main goal, making upside profits by finding the right investments that work for you. Most people will invest in index funds or mutual funds. You can look that up, but here we will focus on investing in the stock market. Starting slowly, patience works best in two ways, putting in time to learn about investing before putting in all your investment money and then giving your investments time to grow.
There was an article on MarketWatch April 6th 2021, it was written by an AI (artificial intelligence). I commented on the article : Well, it didn't tell us that the market will crash and burn and die lol Simple, as it said, "Investing is extremely simple, but that doesn’t mean it is easy. The three most important things to remember are: 1. Diversify; 2. Keep costs and taxes low; and 3. Stay the course." Sounds just like me...sounds like Warren Buffet! Anyone have an argument for that advice? Mine would be, add review your portfolio and keep tabs on average price targets once a month at the very least.
If you put in 1000$ one time only and just double that every year, by the tenth year you will be a millionaire...and that's with only 1000$ one time. Imagine putting in 10000$ or imagine if you doubled that much every month. If you find the right companies in which to invest, it's possible. You just have to believe and take action.
Indeed, starting as soon as possible, even with just the minimum, as long as you choose good fundamental companies to invest in, 100$, 500$, 1000$...let's take that last amount once again to demonstrate how anyone lucky enough to strike a position in a potential stock could double their money every year. Ideally, you want to own more than just one stock, but the idea is to show the power of compound interest/profits in the demonstration. If you double your money every year, by re-investing the capital and profits into another potential stock that will again double your money every year, one can attain financial freedom very fast, and if you never take any of the profits out you can reach a million dollars (1,024,000.00$) in ten years. Once again, it would be wise to own at least five different stocks and work with one or two portions to attempt the demonstrated scenario, not the entire portfolio in one stock only. Diversification is very important. Hence, it will be easier to attain your goals if you invest more than 1000$, say 5000$ in five different stocks or so. Nonetheless, just start, you'll be glad you did in the long run...
1000 = 2000 = 4000 = 8000 = 16000 = 32000 = 64000 = 128000 = 256000 = 512000 = 1,024,000$
Do it yesterday so that you can build wealth for today and tomorrow !
The power of compound interest is astronomical!
Here's a perfect video demonstrating its effects :
https://www.youtube.com/watch?v=noqb5bt8J3M
Here's a graphic example if you put 500$ per month into a tax free savings account for the next 30 years into the QQQ(Nasdaq) etf with a 14% yearly return compounded interest, you'd have 2.78M$ no matter what age. Imagine doing that from age 20, you would retire at 50 years old with 2.78M$ plus whatever else you own or acquired along those years!
Have you started yet? The sooner you start, the sooner you can get ahead financially, if you make good choices. Mutual funds and such are sometimes better suited for people who don't have time or don't want to put in time finding better sources of profits, but even they require reviewing and making changes regularly, which is something I did all the time I was invested in mutual funds. The Stock Market is where all of those funds are invested and you can do better than most if you know which companies to invest in. Finding interesting companies to invest in, having a good strategy, methodology, gradually developing and/or implementing it all makes all the difference and can help you get better returns on your hard earned funds. It does however require attention and time.
To give an example or two of what I mean as to how you can do better on your own, take Microsoft. The company went public on the stock market in 1986 and since then has returned over 313,000% , yes you see correctly! 313,316.10% as of today Sept 24th 2021 to be exact if you look at this chart : https://www.tradingview.com/symbols/NASDAQ-MSFT/ If you click on the bottom timeline percentage log bar you can choose to view different charts, one day, five days...1 yr, 5 yrs, All...click on "All", you'll see the percentage in the chart. In Just five years it has returned 421% and 49% in just this past year. What's even better is that MSFT pay dividends on top of that return! Look at AAPL, relatively the same thing, 37% so far in the past year and also pays dividends. Those are great starter stocks, specially AAPL right now is relatively in a good buy zone being in the lower portion of the price action channel. I recently suggested some interesting growth stocks on my Strategy page. To get you started, you don't have to put all your money into this method of investing, you can put only a portion. At first, while I was still working, I had less than half of my investments in stocks, and I had a group plan with my work through Manulife RRSPs and TFSAs. Now here's the cool part, you can transfer some money out of your plans to Questrade and they will cover any fees up to 150$ Also, you don't have to always be all in, you can leave money as cash which is buying power. I have a code 796309847428125 also found on the page https://russlll.wixsite.com/i-invest/how-to-open-a-questrade-account that gives us both a bonus of 25$ each for the first deposit of 1000$ Transaction fees are relatively low, usually 4.95$ per buy/sell, ETFs are free transactions (a bit like mutual funds) and Mutual funds work differently. Another way I keep more money in my pockets is using a Tangerine bank account, there are basically no fees! I also have a code 43820581S1 which also gives either us each 50$ when you open an account and deposit 250$ which you must leave there for 60 days. Once you've set up your account for stocks with Questrade, deposits and withdrawals are easy. Honestly, just by owning a couple of good stocks like MSFT and AAPL and even if you just have those two, you'd still be better off than making what most mutual funds return, somewhere between 3% and 20% is usually what most get you, more often around 6% to 8% That's a far cry away from 37% or 49%
