Why Should You Invest? In order to build your wealth, you need to invest your money. Investing in the stock market lets you build wealth without working, your money will work for you, instead of working for your money. Do you have to invest in stocks to make money? No, there are hundreds of different investments like real estate, art, baseball cards, and bitcoin (for some people). Why Stocks? The main reason why I invest in stocks is that its very easy for beginners. You could download and sign-up with Robinhood and start buying stock the same day! Also if you invest in a low-cost index fund, on average you will profit 8-12% per year. The last reason is that everyone has the same opportunities to make money. Dow Jones 100 Year Chart How to Start Investing 1) Invest in Education Now I believe that before you open your brokers account you should invest in education. This could be anything from reading books, reading articles, buying a course, watching YouTube videos, a
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Over the past couple of weeks Oil has been getting slammed (down over 75%) compared to the Dow Jones (down around 33%). The extreme move showed just how oversupplied the U.S. oil market has become with industrial and economic activity grinding to a halt as governments around the globe extend shutdowns due to the swift spread of the Coronavirus (COVID-19). An unprecedented output deal by OPEC and allied members a week ago to curb supply is proving too little too late in the face a one-third collapse in global demand. OIL_CRUDE Quotes by TradingView With Oil being so cheap many people think that there is a HUGE upside opportunity to make money in the stock market. Understand that investing in Oil is risky because the trend is still down. I do think that these stocks show huge ROI (return on investment). Top Oil Stocks 1) EXXON Mobil Exxon Mobil Corporation, doing business as Exxon Mobil, is an American multinational oil and gas corporation headquartered in Irving, T
One of the most common questions I get asked is "Will the market rebound". The short answer is no, I don't think the market will go up any time soon and here are my reasons: 1) How long does the average recession take? The average recession last around 11 months, and we just entered the 2020 recession. 2) Unemployment Around 22 million people have filed for unemployment since Pres. Donald Trump declared state of emergency. With people not working, why is the market climbing back up? 3) Coronavirus With the virus infesting more people in the US and hasn't peaked yet. People aren't getter better and its just a matter of time before more states get hit like New York. Ask yourself how long do you think it will take for the US to recover? Has the US peaked?