INVESTING
Financial Disclaimer
This website does not and cannot provide financial advice. The financial information here is provided solely for general informational and educational purposes only and is not a substitute for professional advice. Before taking any actions based on any information contained herein, you should consult with relevant professional advisors. We do not provide any type of financial advice. The use or reliance upon any information contained on this website is solely at your own risk.
ETFs
If you do not have a lot of time or money to invest, you can just put some of your funds into an ETF (Exchange Traded Fund). You can try and time it but it’s probably not worth your time. Just add to your investments over time, which will dollar cost average your investment, and hold through ups and downs.
Vanguard and Blackrock are well recognised names. The main reason to buy ETFs is for the low commission rates they offer so these do not penalise your investment performance. Therefore always check whatever you are buying, what commission rate you are paying.
If you want to keep it really simple, buying an ETF of the S&P500 is perhaps the simplest option. Though we would also recommending never putting all your money into one asset class as investments can always go against you, so keep cash and different types of assets as well.
Investing
Once you have a bit more time and money, you could look at considering perhaps ETFs of other markets and/or investments into specific stocks.
It would probably be wise not to put more than 10% – 20% into any one investment and decide in advance, where you would wish to cut your losses if your investment goes against you. Though also balancing the concept that investing should be a long term strategy, so if you do enough research to start with, hopefully you will be holding these investments for a long time.
Trading
This is our preferred strategy, but you need to invest more time and money to make it worthwhile. Though n0t actually that much.
Trading is more complicated than it looks, and to become good at it can often take at least 2-3 years.
There are lots of trading videos on YouTube that you can review. One of our favourite traders is Qullamaggie, who apparently turned $5,000 into $100 million over about seven years.
Our recommendation if you are learning is to open an account with TradingView (below) and paper trade (which you can do for free with them) until you have honed your trading skills and are making consistent profits.
Our favourite charting software for analysing our trades is TradingView. It has a free plan but we use one of its paid plans for the additional watchlists, indicators and screens that this gives you.
We use it mainly for trading crytocurrencies, but you can also access charts for many stock markets around the world and also for trading Forex.
You can get $15 to put towards the cost of your new TradingView plan by clicking this link.
Our recommendation is to take advantage of one of their annual plans, which are usually heavily discounted.
We will be adding new pages that go into the mindset, techniques and how to trade, in the near future.
Online Brokers
For Crypto Trading & Investing, we recommend :
- Coinbase
- Binance
For Stock Trading, we recommend ;