Tag Archives for " stocks "

Save, the 1st Wealth Building Step – Save, Pay Yourself 1st

Wealth begins with debt control and saving.

Step 2 Save to Build Wealth – Pay Yourself 1st. Save as much as possible as fast as possible. Get debt under control, then save as much as you can as fast as you can. The one – two punch of debt control and saving gives you the fastest and best way to begin your path to wealth. Beginning is the most important part. Begin today. Just decide that today you start your journey to financial security.

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If you must look at Options

Options can quickly go sideways or turn against you.

If you must look at options, begin by reading, Options for Dummies by George A. Fontanills. This low cost and readily available introductory book gives good basic coverage of the options spectrum. It serves as a good reference to keep on hand.
Last discussion I made it clear that option trades have no place in a beginner’s portfolio. It is good to be aware of them and to learn about them. Only consider using options after you become a knowledgeable and experienced investor.

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Option risks, dangers and opportunities!

Investing strategy option danger!

NO options nohow – danger for new investors! Options have no place in the portfolio of anyone new to investing. You must master investing basics before you consider looking at or using any derivative. Options are a type of derivative. Derivatives are financial creations “derived” or based on a real asset. They are bets on a future price for the underlying asset. Extreme losses can be quickly realised when you get ahead of yourself while learning to invest. Getting into derivatives too soon can be a danger to your wealth.

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