I too often see people being afraid of making mistakes
I look at it differently - make mistakes, don’t beat yourself up over them, learn from these and improve yourself going forward
Mistakes are lessons - you just need to learn to see it
Often people believe that becoming wealthy depends only on how much you make …
Don’t get me wrong - it definitely helps but without the RIGHT mindset you won’t get any results either way
2 really high #dividend options available in the 🇬🇧 market
High dividend shares always have a risk of yield being cut if the dividend cover is too low
Do your own research before you #invest!!
- Legal & General = 8.4%
- M&G = 10.9%
There are many simple things in life that brings a smile to you and it is worth stopping and appreciating these
My list is:
- family and friends
- morning coffee and a book
- being out in the nature
What’s on your list?
We are coming to an end of Debt Awareness Week in the 🇬🇧. Debt can be a massive issue and should be spoken about a lot more than it is
Help yourself and make sure to help others
https://money-hacks.co.uk/index.php/2023/03/26/how-to-clear-credit-card-debt/
This week the stock market went down significantly. For long term investors this often is great news - they can buy more assets at significantly reduced price
It is Debt Awareness Week in the 🇬🇧! Check your #debt, make sure you have a plan to clear it and don’t be afraid to reach out to get help from people around you
Getting ready for a hike right now - weekends are to reset, recover and set your mind for the upcoming opportunities
Anyone else is planning to spend a lot of time this weekend looking for amazing companies that are currently offered at a significant discount?
People are often afraid to fail … me personally, I’m afraid to be in the same place next year as I’m currently at
Bank prices keep going down - this means #dividend yields are going up
Is now a good time to invest?
Credit card is not good nor bad - it’s a tool!
The result this tool gives you will depend on how you end up using it
Markets have declined lately. Now is a great opportunity to find sales on your favourite shares
There are 4 stages to any stock. Knowing these and being able to identify them with ease is the first step to becoming a successful investor
1. Accumulation
The first stage to any bullish run. A long period of sideways movement between levels of support and resistance. Identifying this gives investor a clear entry point. When the security is near its support - perfect time to start accumulating
2. Markup
The second stage - the security is starting to move upwards in price. This is also called a breakout. Often during this stage traders use the likes of moving averages to make decisions on when to buy and sell. This stage is where profits are made
3. Distribution
Assets price is starting to flatten out. Bearish investors start to put more pressure on bulls. Some indicators start losing their strength - this can be a sign of upcoming down move
4. Markdown
The stage when assets loses its value. This often is much more aggressive and happens faster than stage 2. Stop orders placed at stage 3 should help you reduce the losses while the asset is losing its value
Based on the above - S&P500 is currently in stage 1 where assets should be accumulated at the right price near the support levels.
You want to be prepared for the next bull run
For those living in the 🇬🇧 - car tax is about to become way more expensive in the next 10 days
https://money-hacks.co.uk/index.php/2023/03/22/car-tax-is-going-to-get-way-more-expensive/
A couple of ideas to increase your cash flow in uncertain times:
- flip items
- #invest into #dividend stocks
- sell covered calls
I just want to remind everyone of the best return on investment you can make - #invest in yourself!