Continuous Learning:
The current economic and stock market environment is scary. But remember this: The government is not able to give everyone economic freedom. There isn’t enough money to that for everyone, and if there was, inflation would make the prices of everything unaffordable. YOU are the only source of YOUR economic freedom and that comes from CSI (Compound Saving and Compound Returns on Investments.). Financial crisis always has and always will come with opportunity for those who learn to look for it. If Americans are to do well economically, then its businesses and the stock market must also do well.
The sub-prime mortgage crisis and the 40% decline in the US Stock markets since October 2008 are scary. However, we have seen similar declines after 9/11 and in October 1987, and the market recovered. Unless you are a more experienced investor and have learned to read market indicators from sources like Investor’s Business Daily, these are the times for young people with a long time horizon to continue averaging in (buying stock mutual funds on a monthly or quarterly basis). You are “buying low” and five to seven years from now I expect many of you will see a gain over and above your investment exceeding 150%, if you invest in well managed stock mutual funds.
Remember, the most important investment that you can make is in learning more about how to make your own investments. NO ONE WILL CARE MORE FOR YOUR MONEY THAN YOU.
Because markets are dynamic, even experienced investors must continuously learn. On the Resources and Links pages of this website are selected newspapers, books and websites that I think will be helpful to investors. In addition, if you have questions, please contact me through this website. My goal is to help a new generation realize their economic freedom by learning the three secrets to becoming millionaires.