10 Investing Rules of Thumb 👍 | Brian Feroldi posted on the topic | LinkedIn (2024)

Interesting read on 10 Investing Rules of Thumb which will help you to make smart finance decisions...

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Perfect Rules of investment

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Pretty nice cheat sheet here about investing!

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In “Just Keep Buying: Proven Ways to save money and build your wealth”, Nick challenges much of the conventional wisdom in personal finance and investing. He uses data and evidence to answer some of the biggest questions that people face when it comes to money.Here are 7 of the many insights you will glean from the book:1. SAVE LESS THAN YOU THINK. Maggiulli shows that saving too much can actually be detrimental to your long-term wealth, as you miss out on the power of compounding and the opportunity to invest in income-producing assets. He provides a simple formula to calculate how much you need to save based on your income, expenses, and desired retirement age.2. DON'T TRY TO TIME THE MARKET. Maggiulli explains why saving up cash to buy market dips is a losing strategy, as you are likely to miss the best days of the market and pay higher taxes on your gains. He also debunks some of the common myths and indicators that people use to predict market movements, such as the yield curve, the CAPE ratio, and the presidential cycle.3. SURVIVE THE CRASH. Maggiulli reveals how to prepare for and cope with market crashes, which are inevitable and unpredictable. He advises readers to diversify their portfolio, rebalance regularly, and avoid panic selling. He also shares some of the psychological tricks and tools that can help investors stay calm and rational during turbulent times.

Are you making this common investing mistake?Funding your account is one thing, but purchasing assets with those funds is another. A common investing mistake I see is when individuals start their investing journey, they set up their individual retirement account or [insert any other type of investment account here!] and set up their automatic transfer. Then, they shut down their computer and go about their day.Months or even years later, they check in to see how their “investment” account is doing just to see a balance almost precisely the same as the amount they put in.You have to use the money you put into your account to buy assets. It’s a two-step process: send money to your account and then use that money to buy an asset/invest in something.Homework: Check in on your investment accounts and ensure the money you put in there each month is automatically invested in an asset. You can triple-check this by checking your portfolio tab to see your current holdings.

Brochures and Literature - Beginners Guide to Investing♟️💲👓🎯Investing your money for the first time is a big step. In this guide, our experts will help you get off to the best start.Everyone has a financial goal. Whether it be saving up for a holiday, a new house or creating a retirement nest egg, we all have aspirations that need financing.Most people begin by putting some money away every month into a savings account. Usually, it is only when we have built up an emergency pot, and have a bit more disposable income, that we start thinking about how we could make our savings work harder. This is when saving becomes investing.

📈📉 Dollar-cost-averaging can be a great way to invest long-term when you want to worry less about the volatility of the market, invest with cash flow in mind, put a plan on "auto-pilot" and lessen the worry about “is this the right ‘time’ to invest”. ♟️ This strategy tends to work well for those BIG, long-term goals like retirement and college savings. These are often harder goals to pinpoint the “how much do I need” question as there are so many years (often decades) to build, and countless variables in the mix. But by starting early with a set amount that can fit your budget, DCA can amplify your strategy as you are always buying into your investment (whether up or down), and by doing so, tends to lower your average cost over time. 🧐 To discover some of the comparisons of dollar-cost averaging to lump sum investing, see attached a quick article running through the pros and cons of each. And to see if it’s a good strategy for your situation, give us a call at 573-693-1775.https://lnkd.in/g2m6QgND

Are you in your 20s or even younger? Here's a secret to securing your financial future: start investing NOW! 💼💰Why wait until you're older to build wealth when you can get a head start today? Here's why investing young is crucial:1. Compound Interest Magic: The earlier you invest, the longer your money has to grow. Thanks to the power of compound interest, even small investments can turn into significant wealth over time.2. Risk Tolerance: When you're young, you can afford to take on more risk because you have time to recover from any potential losses. Take advantage of this by investing in growth assets like stocks, which historically offer higher returns over the long term.3. Achieving Financial Goals: Whether it's buying a home, traveling the world, or retiring early, investing early sets you on the path to achieving your financial goals faster.If you have questions about investing, reach out anytime for any helpful informationhttps://lnkd.in/ekE9Xuyg

Why should you consider investing? There are different reasons for every individual as every person has different needs!#investing #personalfinance #retirementplanning https://lnkd.in/eQNHJxUY

7 Benefits of InvestmentInvesting your money is a smart financial move that can provide numerous benefits. Here are seven advantages of investment:1. Wealth creation: Investing allows your money to grow over time, potentially generating significant wealth and helping you achieve your financial goals.2. Passive income: Investments such as stocks, bonds, or real estate can generate regular income, providing you with a passive income stream.3. Diversification: Investing in different asset classes helps spread risk, reducing the impact of any single investment's performance on your overall portfolio.4. Beat inflation: Investing helps your money outpace inflation, ensuring that your purchasing power remains intact over time.5. Retirement planning: Investments can help you build a nest egg for retirement, ensuring a comfortable and financially secure future.6. Tax advantages: Certain investments offer tax benefits, such as tax-free growth or deductions, helping you minimize your tax liability.7. Financial independence: Successful investments can provide financial freedom, allowing you to live life on your terms and pursue your passions without financial constraints.In conclusion, investing offers numerous benefits, including wealth creation, passive income, diversification, inflation protection, retirement planning, tax advantages, and financial independence. Start investing today to secure a brighter financial future.

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