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: investing
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 […]
The Best Ever Birthday Gift to Buy Yourself
Dear Favorite Ones, First, as always I hope that you are feeling healthy and happy. Did you know that July through October tend to be the most popular months for birthdays in the United States? In fact, August is said to be the most popular month for birthdays, which apparently is tied to the festive […]
Interest vs. Dividends
Hello Family! A recent subject that someone wanted to discuss with me – interest vs. dividends…What’s the difference? That’s such a great question! So, that is today’s topic…interest vs. dividends. Before I start, I want to make sure that you know why I write to you. I write to you because I have made a […]
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 […]
What is a Stock? Rich Mom Answers
If you listen to the news, or a variety of people talking, you have probably heard people mention stocks. Are they up? Are they down? Lots of people want to know. But, you may be wondering… Just what is a stock? What is a Stock? A stock represents a fraction of ownership in a company. […]
Spilling the Tea on How to Start A Robinhood Investment Account
Dear Ready to Open a Robinhood Account, How are you doing? I am hoping that you are doing very well. If you have been reading my letters, you know that I think that you should start investing as soon as possible. If you have not read my previous letters, you can find some of them […]
Ten Secrets to Building Wealth
Dear Young Wealth Seeker, I have ten secrets of building wealth. But first…Happy Day! I hope that you are having a pleasant and successful day! Yes, I greeted you by labeling you as a wealth seeker, because I want to inspire you to seek wealth, rather than having just the goal of being rich. When […]