“Okay, Paul, now that we know ETFs are better for retirement accounts than mutual funds, how do I pick from the thousands of ETF? Please help!” I received a few variations of this question after posting last week’s article, “Why ETFs are better than mutual funds.” While I am not your financial advisor, I can …
Death by a thousand paper cuts. That’s what most people unwillingly do to their retirement portfolios. The reason is most people “diversify” their retirement portfolios by handing them over to mutual fund portfolio managers who charge seemingly innocuous fees for their expertise. Well, these fees are not so harmless. In fact, they are a danger …
Read moreRetirement Accounts: Why ETFs Are Better Than Mutual Funds
All success in trading comes from what you do when the market is closed. You see great traders crush the market open and be done in 10 minutes. But what you don’t see is all the hours of prep that went into dominating those 10 minutes: Trading is a game of routines and preparation. Make …
Everyone growing up tells you that all you need to do is work hard, hustle, and you will eventually get what you want in life. How many times throughout school were you told to just study harder to get better results? Everyone has the same 24 hours in the day. There are hard-working billionaires and …
Read moreWhy Working Hard Isn’t Enough to Succeed in Trading
How many times a day on social media are you shilled a magical stock chart pattern that can instantly make you a consistently profitable trader? While chart patterns are useful for providing information about a stock’s trend, they alone will NOT make you a successful trader. This is one of the biggest misconceptions new traders …
When you commit to trading, you commit to the launch of a small business. And in the beginning, you want to keep expenses low while your ability to be consistently profitable is still unproven. Keep business costs low until consistent revenue is assured, and then scale up and reinvest back into the business. To help …