One of the best ways to learn about stock investing is to read books. Books have more detailed information than what you wouldn’t get through web courses or YouTube tutorials. To help you become a well-informed investor, let’s go through some of the books that are totally worth reading. You can also checkout Hashtag investing for more information on how to make the most in the stock markets.
Humans make mistakes, and it shows that you are trying. Making mistakes is a part of learning and makes you a better trader and an investor. All investing gurus, from Warren Buffett to Peter Lynch, talk about their mistakes and what they learned from them. Now, there are some common trading mistakes every trader makes when they begin trading. You can learn from others’ mistakes and avoid them. This can save you a great deal of money and give you the financial bandwidth to make new mistakes. Here are the 5 most common mistakes made by beginner traders and how to avoid them.
The stock market is two-faceted, where both red and green, bear and bull prevail. There are market forces of demand and supply that work in mysterious ways. Many perish in this market, and only a few who learn the ways of the force succeed. I may sound like a Jedi, but that is how the delicate balance of the stock universe is maintained.
When it comes to financing, data helps. More importantly, accurate data helps. However, when you want data quickly, alternating between different apps and tabs shaves off seconds from your trades which can be disconcerting. That’s where Discord bots come into play. Discord bots are AI that helps you automate a lot of your financial needs like tickers, prices and percentage changes. Here are five of the best Discord bots for finance and investing.
The Bitcoin and crypto frenzy has returned. Many new-age investors are looking at crypto as an investment asset. But there are debates over its sustainability as many regulators do not consider Bitcoin or other cryptocurrencies like Litecoin, Dogecoin, or Ethereum as a legal currency. Canada is taking a step closer to accepting Bitcoin and even introduced Bitcoin ETFs. The Canada Revenue Agency (CRA) is also cracking down on the crypto gains for taxes.
People who want to create wealth and build a better financial future are always on the lookout for information and advice that can help them fulfill their goals. Often, investors, experts or budding, attempt to do this by connecting with other people online through communities like Facebook, Reddit, and various other stock forums.
Clubhouse is fast turning out to be one of the best places to talk about finances and wealth. The audiocast social network has multiple rooms that are educating people about finance, stock markets and helping them to create wealth. Rooms generally work very simply: They put up a topic for the day and get in experts to come in and talk about finance. The room opens up to questions after a certain period and the audience can clear any queries they might have.
Here are some of the best financial rooms on Clubhouse:
The TFSA is one place where you can invest in stocks, bonds, ETFs, mutual funds, and GICs traded on designated exchanges. This means you can invest in securities trading on the TSX, the NASDAQ, and the NYSE. The only prerequisite for opening a TFSA is you should be above 18 years of age and have a valid Social Insurance Numbers (SIN).
Rebalancing your portfolio is important to understand for DIY investors looking to build long-term wealth. When building an investment portfolio, you usually choose diversified asset classes (stocks, bonds, ETFs, etc.) and an allocation for each of them. Over time, your portfolio allocation shifts with the markets and could be very different from what you intended. This is when rebalancing is needed.
This article will cover all you need to know about rebalancing: What is it? Why is it important? When should I and how often should I rebalance?