Stock Trading Strategies For Beginners
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491_9781914142130
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At some point in your life, you probably will have some money saved up and will start thinking, I probably should invest this into something. You cant live in this modern age and be deaf to the oft-repeated advice of the way that leads to financial freedom. Save and Invest. To be honest, that advice is solid. If you are going to be free financially, and free early, you are going to have to diversify your income, or at least find a way of using money to make more money. Heres what I mean. If you dug into the ground and hid $1000 way back in 1960, and then dug it up in 2016, youd have lost about $7,000. Why? The answer is inflation. Generally, money loses value the longer it is kept. What does this mean for you? It means that youll need more money in the future than youll need today, even if your expenses do not increase.The rate at which your money loses value depends on the inflation rate, and since 2000, the inflation rate annually is between 1% and 4%. That means that your money is losing value by about 1% to 4% every year. This is the issue with many safe investment options. The interest rate will probably earn you enough for your money to retain the same value. In 2018, for instance, the inflation rate in the United States was 2.4%, and the best safe investment youd probably have found online was a 6-year CD from a commercial bank, American Bank who was offering 2.7% per year. Plus, theres no assurance that the inflation rate wouldnt have increased to say 3% or even more. Look at it this way, if youve saved up enough money to buy a Toyota, then keep the money under your mattress for about 20 or 30 years, then when you take it out, itll probably be enough to buy a bicycle. Invest in the stock market, however, and you can probably get a Maserati or something fancier.That is why investing is a no-brainer. While saving is a good strategy for managing your money in the short-term, you need a plan for how youll invest in the long term.
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