You Can Become Rich: But This Is Not Taught In School!

Financial literacy is a big cause of concern among literate and illiterate people. For example simple banking transactions like what is a stop payment many are not aware of. The only thing which can make a man rich in this world is by making money. Everyone earns money, but how to handle money, how to invest money, making money work for you. These things are not taught in school or any college. Unlike school or college life, life is a merciless teacher. It takes your test first and then, in the end, will give you a lesson. Be smart, learn from other’s mistakes, and the best way to do that is to read books as much as you can on financial topics to increase your knowledge of finance. Here no one is going to come and hold your hand and teach you, we have to do it ourselves.

Here we will discuss some practices, books, and where to invest which would ultimately make you rich. One quality is very important to have patience and relentlessly trying.

Here To Invest, Yes You Heard It Right!

One of the best ways to make money is by investing it in the correct stocks at the correct timing. Learn ways in which money can work for you and it will deliver profits for you. This is called passive income which all the rich people have in plenty. They have more than five sources of income. Some might say investing in the stock market might be easy. Or else everyone investing in the market would have got rich but the case is different. Only 10% of people investing in the market make money, others suffer losses. Some might say investing in the US  market is the riskiest thing as it has more volatility. Yes, there is risk in the market but those who take calculated steps can remove this risk. Let us stop beating around the bush and come start to the point. Now hear some figures that will blow up your mind. Best returns given company in last decade. Suppose you had invested in 2009 and remain invested in it till the end of 2019.

By seeing the above chart you must be feeling better now. The Figures here are astonishing and mind-blowing. Now all you need to do is invest in the market on a regular basis. Timing of investing is very imperative and it is the deciding factor who will earn more money. Whenever stock falls below its 50 days moving average it is recommended to buy a share and hold on to that share till the time it does not break its 52 weeks high. But we have to invest in only those stocks which fall under category A. That means who has a big market capitalization. For example, if someone decides to invest in Nasdaq. Then go for the below stock Tesla, Apple, Amazon, Microsoft, Nio limited, Nvidia. What is common among these stocks is that they have big market capitalization, well-known stocks have been in the market for a while. Their business model is making money and seems to be sustainable in the market for years to come. Do not choose a company just because it has given good returns in that year or the following year. Check who is heading the company and what is the vision of the company. Can its business model generate similar kinds of returns in upcoming years too?

Conclusion:

Investing in the market is risky, before investing kindly take suggestions from your financial advisor. Also above mentioned any stock is not recommended from our side. They are just used as an example to make you understand. What is important to learn from an article is that investing in a market is profitable but only when you stay invested in it for a while or so. Investment means you should have an outlook of more than 10 years and beyond. Then only it would pay excellent returns to you. Also start reading good books to improve your knowledge.