Last week, I asked you what you would do with an extra $10,000. Most of you answered that you would invest in the stock market, precisely into dividend stocks. I wasn’t too surprised by this answer. While I discussed several options, I didn’t really tell you what I would do with an extra 10K. So here we go... Pay Off an “Expensive Debt” I recently bought a pool based on an expected tax return. This was a really dumb move! Last year, we were able to …
I was talking with a friend the other day and he asked me a very interesting question: what is the best investment that I can make TODAY? I’m not going to explain the whole context around this discussion but I wanted to mention these thoughts on this blog. Let’s say you have a specific amount (for this article, let’s put it at $10,000) that you can use to make more money. You don’t need this money for a while and are looking for the best investment possible. What would you …
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The most interesting part of investing (after buying stocks) is probably looking at your portfolio grow. Combine the magic of systematic investing with compounding interest and you get some impressive results. But you can even do more with less. You can grow your portfolio in another way which will completely be free of cash flow from your wallet. The 3rd magic ingredient to make the perfect investing magic potion is to use the dividend payouts to grow your …
Two weeks ago, we discussed the possibility of building a portfolio worth roughly 25K without a single penny in hand. This is called leveraging. Borrowing to invest on the stock market was very popular from 2003 to 2008. Since the market crash, most individual investors have stopped using leveraging as a strategy, incurring important losses. While small investors got burnt and gave up, bigger investors (such as hedge funds) are still in the hunt with leveraging. After seeing what …
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You can make money with other’s people money. I’m sure you have heard this somewhere else before. And I’m sure that many of you will disagree with me. But I think that making money with other’s people money is one of the best, if not the best way to acquire wealth. On Monday, I was talking about how 2012 might be the investing opportunity of the decade. You may agree with me but it doesn’t mean that you have more money to invest. What if you don’t …
To be completely honest with you, I have been interested in dividend investing for a while but only switched my portfolio towards this approach back in January 2011. Why did I take so long? Simply because I had a lot of success by trading more aggressively in the past. From 2003 to 2006, I made enough money to build up a $50,000 down payment to buy my first house. Then, I started in 2008 to trade the way I had previously (by taking a lot of risks!) and I got hit brutally by bad trades such as …
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