If You’re not Managing Your Money, Who is?

Even if you don’t know about the sport of ice hockey, odds are that you’ve heard of the great Number 4, Bobby Orr, who played most of his career for for the Boston Bruins of the National Hockey League (NHL). You can watch this video to learn a bit about him. He is arguably the best player to have ever played the game – even better than Gordie Howe or Wayne Gretzky – because he was the most complete player, the best two-way player the game has ever seen and will probably ever see, a master Continue reading “If You’re not Managing Your Money, Who is?”

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Learning Financial Discipline Through … a Smartphone?!

Before you jump to the conclusion that I’m about to announce or promote some amazing new app that will set your financial house forever in order with the greatest of ease, allow me to clarify.

First, although this post contains financial lessons that can apply to any person, is it mainly for Continue reading “Learning Financial Discipline Through … a Smartphone?!”

So, How’s Working Hard Been Working for You?

During my many years in the workforce, I’ve come across all types of people, from the hopelessly lazy to the most industrious and every type in between.  But one thing that most people have in common, regardless of their ambition level, is the tendency to have no real goals or plans in mind when it comes to what to do with the money they earn.

What I find to be one of the saddest things Continue reading “So, How’s Working Hard Been Working for You?”

Stock Investing Strategies for 40-somethings

The very second post that I ever wrote for this blog just over four years ago was entitled Tips for the Investor Who Started Too Late.  Looking back on it, however, I realize that the tips I gave actually apply to a person of any age starting out in stock investing.

So I’m re-visiting this idea with two goals in mind:  first, targeting a more specific age group and second, walking you through how I’m thinking and making decisions as a late 40-something myself with not a whole lot of time left to my advantage. Continue reading “Stock Investing Strategies for 40-somethings”

Stock Starter Series, Part 5: Final Insights

Welcome to the final post of a 5-part series for the brand-new stock investor – or the person still thinking about it! My goal in this series has been to try to simplify how to get started in this most exciting financial journey and now I will provide some final insights. If you’re just jumping in at this post, you won’t get a whole lot out of this series unless you go back and start with the first post.

I realize that the first four posts in this series have perhaps been a bit of a marathon.  Trying to simplify how to get started in something as multi-faceted as stock investing doesn’t necessarily mean that things would be short and sweet!

Also, I didn’t want to make any of those posts longer than they were, so I’ve saved some final insights for this one. Continue reading “Stock Starter Series, Part 5: Final Insights”

Stock Starter Series, Part 4: When to Sell a Stock

Welcome to Part 4 of a 5-part series for the brand-new stock investor – or the person still thinking about it! My goal in this series is to try to simplify how to get started in this most exciting financial journey. If you’re just jumping in at this post, you won’t get a whole lot out of this series unless you go back and start with the first post.

In the last post, I gave some (hopefully) very practical tips on how to go about buying your first stock, but there comes a time when a person eventually wants or needs to sell a stock.

So let’s get right to it: when should you sell a stock? Continue reading “Stock Starter Series, Part 4: When to Sell a Stock”

Stock Starter Series, Part 3: Buying Your First Stock

Welcome to Part 3 of a 5-part series for the brand-new stock investor – or the person still thinking about it! My goal in this series is to try to simplify how to get started in this most exciting financial journey.  If you’re just jumping in at this post, you won’t get a whole lot out of this series unless you go back and start with the first post.

My hope is that you’ve taken some time to think about the last post, namely which source(s) you’re going to choose to find which stocks to invest in. Again, whether you choose to seek professional advice through an investment advisor/stock broker or not, I strongly urge you to Continue reading “Stock Starter Series, Part 3: Buying Your First Stock”

Stock Starter Series, Part 2:  Finding Stocks to Buy

Welcome to Part 2 of a 5-part series for the brand-new stock investor – or the person still thinking about it! My goal in this series is to try to simplify how to get started in this most exciting financial journey.

If you didn’t read the first post, then you should really read it before this one.

If you did and you sincerely answered ‘yes’ to the five questions near the end, then you’re reading this post because you’re pretty convinced that stock investing is for you. Continue reading “Stock Starter Series, Part 2:  Finding Stocks to Buy”

Stock Starter Series, Part 1: Why Stocks?

Welcome to Part 1 of a 5-part series for the brand-new stock investor – or the person still thinking about it! My goal in this series is to try to simplify how to get started in this most exciting financial journey.

So let’s get right to it: with all the different things into which a person can invest some spare money, why do I think that you should make stocks your top choice? Continue reading “Stock Starter Series, Part 1: Why Stocks?”

The Real Key to Investing Success

I’ve devoted two other posts in the past to the mindset needed to be a successful stock investor, this one and this one, but if you’re not into investing or specifically stock investing, those posts also apply to managing one’s money in general.  But since this is a stock investing blog, I want to focus specifically on the one key trait that one absolutely needs to have in order to become a successful stock investor. Continue reading “The Real Key to Investing Success”