Global volatility in the stock market means that long-term business oriented investors should go looking for solid publicly traded businesses selling on the cheap.
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Nothing depletes your cash more than replacing a piece of household equipment that wasn’t properly maintained.
You never know how tough things are going to get. It pays to have an emergency fund that will pay bills for a year and a half.
Always make sure you pay your credit card bill in a timely fashion. If you don’t, interest costs will accrue. The accrual of interest expense represents reverse compounding of wealth.
On any given day the stock market will go up some and down some. Long-term investors in publicly traded businesses should focus on things such as growth in revenue, net income and free cash flow and whether or not they sit behind high barriers to entry.
Remember there is always a risk of permanent loss in the stock market. The most widely known route to a permanent loss is bankruptcy. Another way is that a company that you own shares in may go private at a price less than what you paid for.
Stock market corrections enable long-term investors to purchase shares in excellent publicly traded companies on the cheap.
Looking at past oppressions and failures will not help you move forward in your career if you only obsess on them. Try to learn something useful from the experiences.
In a day and age where employment is increasingly tenuous, it pays to maintain the viewpoint of building your own security. People needs to build their own retirement, healthcare and (increasingly) even their own career by owning a business or pursuing some form of self-employment as employers increasingly become unreliable. All of this takes money. Save all you can while you can.
It is important NOT to think of money as a generic commodity. Every dollar has a purpose. Thinking along those lines goes a long way in properly managing your finances.
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William Bias has been researching stocks since 1992 and has been a freelance writer since 2012. He employs a strategic business oriented approach to stock market investing. Archives
September 2016
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