There is risk involved in all investing. Don’t let that stop you from investing. Instead, spend some time thinking about how to manage the risk. Read here to get some ideas.
Tag: beginner investing
Ingredients of Building Wealth
What are the ingredients of building wealth? Read here to find out the four ingredients that you need.
Becoming a Millionaire by Starting In My 20’s
Dear In-Your-20s-&-Wondering-How-To-Become-a-Millionaire, I am often get asked questions such as, “How do I go about becoming a millionaire by starting in my 20’s?” I love this question because I like that the young person is thinking about building wealth. Sadly, so many young people are distracted by the glitz and commercialism that is ubiquitous on social […]
What Is An Investment Portfolio? Rich Mom Answers
Dear “Wondering About Investing”, Have you ever wondered, “What is an investment portfolio?” Perhaps you think it is something that only millionaires and billionaires have. Perhaps you think that you will never be able to have one. Or, perhaps you have never even heard of an investment portfolio. Well, you definitely need to be aware […]
What is a Dividend Aristocrat? Rich Mom Answers
Today’s financial literacy discussion focuses on dividend aristocrats. I like and purchase these income producing equities. You can use the information that I am sharing to become familiar with these stocks, and then decide if you might be interested in investing in them. I encourage you to learn as much about investments as possible. Remember, […]
What is a Bond? Rich Mom Answers
Today’s financial literacy discussion focuses on bonds. Did you know that lots of people who own stocks, don’t own any bonds? In fact, some don’t even know what they are. But, owning bonds in your portfolio can be a very good idea. Have you ever bought a bond? Yes? No? If you have, what type […]
What Are the Major U.S. Indexes? Rich Mom Answers
Hey! Welcome to the Rich Mom, Poor Kid blog! This is a blog that hopes to encourage those 30 and under (or anyone just beginning their path to financial literacy) to take steps to move toward healthier, wealthier lives of more freedom. Part of financial literacy includes understanding the concepts and vocabulary of finance. The […]
20 Stock Words That You Should Know By Age 30
Dear Ready to Invest, Before we discuss stock words (aka stock vocabulary), let me say this: Once you have started earning money, creating a budget is the priority. Then, above all, you have to include a category for paying yourself. In fact, you should always pay yourself first. What does paying yourself first mean? Pay […]
Stock in Focus: Pioneer Natural Resources
Greetings My Wise Family! Today, my focus is Pioneer Natural Resources Stock. How did I pick it? It is 10:00 in the morning and I am waiting for my investment club meeting to start. I am a member of the CNBC Investment Club (with Jim Cramer). The live meetings start every weekday at10:20am. So, I […]