Project Life Mastery

How I Invest My Money (And How You Can Too!)

Stefan James — Thu, 12 Nov 2020 16:00:14 +0000

I want to give you my most up-to-date strategy on how I invest my money.

In particular, I'm going to share with you how I've been investing thus far in the stock market, and what I plan on doing moving forward.

In addition, I'm also going to talk about what I'm doing with the cash that I already have.

While we cannot predict what will happen to the stock market, we can make moves to take control of the money that we already have and make it work for us.

If you're ready to invest in your financial future, you'll want to keep reading…

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/6370576-plm-823-how-i-invest-my-money-and-how-you-can-too.mp3″ background=”default” ]

Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks on WeBull when you deposit $100!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Should you be investing amidst the Coronavirus pandemic?

This is a great time to build your investment portfolio. I've been taking advantage of the volatility in the stock market due to the COVID-19 outbreak. In the investment world, the word, ‘volatility' is used a lot.

It acts as a barometer of financial risk or uncertainty surrounding investments in financial assets. If you strategically diversify your investments, volatility can play to your advantage and help you build a successful portfolio over the long-term. A huge part of being a smart investor is knowing what your tolerance for risk is.

If you're a beginner to the investing world, I want to show you what is possible and how you can grow your money the smart way. First and foremost, let's talk about cash flow. I have an online business that provides me with a lot of cash flow which is great. It allows me to have a lot of cash that I can hold and deploy over time into the stock market.

I like to spread that money out over time. When it comes to cash, I buy bond ETFs on the stock exchanges. These are fixed-income investments, meaning that they don't go up and down that much.

I like to buy U.S. government and corporate bonds because they are the safest.

My main purpose for buying and owning bonds is that I can get some money back from my investments. There are also junk bonds, which I stay away from. These are companies that have more debt or uncertainty. Hence, they aren't as secure.

I am a long-term investor, meaning that I make conservative investment decisions. I'm patient when it comes to taking advantage of buying opportunities. For me, this is usually during a dip in the market. When companies dip, I go in and buy stocks at a cheaper price.

When it comes to my investment strategy, I focus on exchange-traded funds (ETFs). ETFs are a basket of great, blue-chip companies that help to broaden my diversification. Indexing is more passive investing, meaning that you don't have to actively manage your portfolio. I build those stocks up the most because they are the ones that I want to hold, long-term.

Below is a list of the safest stocks that I currently buy that provide dividends for me.

Watch the video above where I do a screen share of my computer and talk about each bond in greater detail!

When it comes to buying individual companies, I like to buy a variety of different stocks. However, I only do this once I've built up the ETFs. Some of the individual stocks that I like are in the tech sector, some of which include Apple, Amazon, Google, Facebook, Microsoft, Shopify, & Tesla.

I also invest in SalesForce, Oracle, IBM, and Intel. These four companies were hit harder and have dipped, which is why I got in early and bought more of those stocks. I've benefitted massively from the growth of all of these companies.

I invest in financial stocks as well, in particular the big banks in Canada and the U.S. When it comes to dividend-paying stocks, my brokerage account is on a drip, which is a dividend reinvestment plan.

Every dividend that gets paid out repurchases shares of that company so that I can accumulate more shares. In turn, this increases the dividends. Over time, that money compounds.

I'm a big fan of investing in real estate, but I don't buy a lot of these stocks right now.

One of the greatest benefits of buying real estate is being able to borrow money from the bank, especially when interest rates are low. You can leverage the bank's money to buy some great properties and have those grow and appreciate over time.

However, keep in mind that investing in real estate is a longer-term investment. If you are just trying to buy and sell in one year you won't make much money. There are a lot of fees and expenses involved in closing a real estate deal.

When it comes to cryptocurrency, I own some Bitcoin Cash, Etherium, and Litecoin. However, I haven't bought any as of late. I believe that there are better investment opportunities available. The money that I invest in cryptocurrency is money that I'm not afraid to lose. I call it my vegas money.

INVESTING RESOURCES FOR BEGINNERS:

This is how I invest my money, and how you can do it too!

One of the best ways to achieve financial freedom is through investing. If you're a beginner investor, do your due diligence, know your tolerance for risk, and be smart with your money. When you adopt a long-term investing mindset, there is no limit to how much wealth you can accumulate.

Are you ready to open a stock brokerage account and make your money accumulate? CLICK HERE to get 3 FREE stocks on WeBull when you deposit $100!

The post How I Invest My Money (And How You Can Too!) appeared first on Project Life Mastery.

How To Invest In Stock Dividends For Passive Income

Stefan James — Tue, 29 Sep 2020 15:00:20 +0000

I am going to show you how to invest in stock dividends for passive income.

Dividend stocks are well-established companies with a track record of distributing earnings back to shareholders.

There are a lot of great companies that are currently trading on the stock exchanges that will incentivize you to invest in their company by offering you a dividend.

Most often, they will pay out that dividend every quarter, every month, or every year. If you are someone who is interested in following a long-term investment strategy, dividend stocks are the way to go.

Keep reading to discover the smart way to invest in stock dividends!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/5672302-plm-814-how-to-invest-in-stock-dividends-for-passive-income.mp3″ background=”default” ]

Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

Investing in the stock market is a smart move.

There are two ways to make money in the stock market. One way is to invest in shares of a company and hold it. The other way is to invest in dividend-paying stocks. With these types of stocks, you benefit from the appreciation of a company over a period of time. You also benefit from the dividends that a company pays out to you.

As you get older, you want to hold more dividend-paying stocks or bonds. You will need that income for your retirement. When you're younger, you don't need dividends as much because you are still making money from your job or business. In my case, I already have cashflow that I generate from other sources so I don't need the dividends from my investments.

I reinvest the money that I make to buy more shares. This is a great strategy to adopt if you're a long-term investor like myself. Those dividends get paid out, but they are automatically on what is called a drip. This is a dividend reinvestment plan. You can enroll your stock brokerage account in this type of plan.

This means that every time a company pays out a dividend, it automatically buys more shares of that company. When you have more shares, you receive more dividends over time. In turn, these dividends compound to create more wealth for you. However, there is a place for non-dividend paying stocks, especially if you're younger.

Growth companies; like Amazon, Facebook, Tesla, and Google; don't want to stifle their growth by paying out dividends to shareholders. They would much rather reinvest their money back into their business so that they can grow faster and compete with everyone else in their sector.

With dividends, you can either take the money and live on it or reinvest the money.

I am a big believer in dividend reinvestment. This is one of the easiest ways to grow your investment portfolio once you have stopped working and are enjoying retirement. How much money can you make from a dividend investment portfolio? Roughly 3%.

As an example, if you have $100,000 invested in stocks that pay a 3% dividend every year, you would make $3,000 per year. If you had $1 million invested in dividend stocks that pay a 3% dividend every year, that's $30,000 per year. If time is on your side and you start saving now, by the time you're 70 years old, you could become a millionaire.

Watch the video above where I share my computer screen and show you how to invest in dividend-paying stocks!

I go to Yahoo Finance when I want to do research and evaluate different companies. Yahoo Finance is one of the Dividend Aristocrats. The Dividend Aristocrats is a list of companies that have increased their dividends every single year, for at least 25 years. These are stable, blue-chip company stocks, like Johnson & Johnson, Procter & Gamble, Target, and Coca Cola, to name a few.

If you're trying to find individual stocks to invest in, I recommend you check out this list. When it comes to evaluating dividend stocks, pay attention to the following factors:

The Annual Dividend Rate – the total of the dividends payments expected.
Dividend Payout Ratio – the total amount of dividends paid out to shareholders.

When it comes to investing in dividend-paying stocks, you can choose individual companies, like AT&T, Coca Cola, or Pepsi. However, this is still fairly risky, especially if you're a new investor. I don't recommend doing stock picking. Rather, you should have a percentage of your portfolio in ETFs. These are exchange-traded funds that have a certain objective. There are two ETFs that I really like:

If you're a beginner investor, you will need to get a stock brokerage account. I suggest WeBull. This is a commission-free app, meaning that you don't have to pay any fees to buy and sell stocks. They have a great promotion going on right now where you get 3 FREE stocks valued at up to $1,600 by setting up an account with them. Check out the link below to learn more!

INVESTING RESOURCES FOR BEGINNERS:

This is how to invest in stock dividends for passive income.

If you want to become a successful investor, make sure that you have a solid long-term investment strategy. More importantly, get clear on what your investment goals are and what your risk threshold is.

The sooner you start investing, the sooner your investments will compound over a long period of time. If you don't believe me, take it from the world's most successful investor, Warren Buffett, who said, “Investing is laying out money now to get more money back in the future.” No matter how you look at it, investing is a win-win situation.

Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

The post How To Invest In Stock Dividends For Passive Income appeared first on Project Life Mastery.

How To Open A Stock Brokerage Account (And Receive 3 Free Stocks!)

Stefan James — Wed, 26 Aug 2020 15:00:19 +0000

Does it feel like choosing the right brokerage account is a difficult process?

I'm going to show you the easy way to open a stock brokerage account so that you can freely buy and sell stocks.

The information that I share with you will be geared towards those who live with in the U.S. However, I do understand that some of you live internationally.

The good news is that there are a lot of stock brokerage accounts in the U.S. that allow international brokers to set up accounts with them, like the one I'm about to show you.

If you want to know the best stock brokerage options that will set you up to win, keep reading!

Watch the video below:

(Click here to watch on YouTube)

Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This is your step-by-step guide to opening a stock brokerage account.

If you're a beginner investor, you may be wondering whether or not it's the best time to invest in the stock market. The Coronavirus pandemic has resulted in a global recession. This has created a lot of panic amongst investors. Whenever there is a dip in the market, people tend to sell their stocks out of fear.

This presents a golden opportunity to invest in stocks, by buying high-quality stocks and getting the benefits of low prices. In the words of Warren Buffett, “Be fearful when others are greedy, be greedy when others are fearful”. This is the investment approach that I take.

Now that you know it's a good time to invest in the stock market, let's talk about what a stock brokerage account is and how it works. A stock brokerage account is a specialized financial account that lets you buy and sell different types of investments. While all accounts serve the same purpose, there are some things that you need to be aware of when deciding which one is best for you.

Here are 11 factors that you should consider when choosing a stock brokerage account.

1. Government Regulation

Firstly, make sure that the stock brokerage account you choose is regulated by the government. In the U.S. you need to register the account with the Securities and Exchange Commission (SEC). I also recommend that you ensure the account with the Securities Investor Protection Corporation (SIPC). This way, if anything happens to the stock brokerage company, your money will still be protected.

2. Investment Goals

Secondly, figure out what your investment goals are. Do you want to invest to plan for your retirement? Are you investing and holding over the long-term? Are you day trading? Do you want to trade options, futures, foreign exchange, or cryptocurrency? There are many different types of investments.

Some brokerage accounts may be more beneficial than others, based on what you want to achieve. Don't wait too long to decide what your investment goals are, as this will create complications down the road concerning the investment decisions you make.

3. Commission and Fees

Most accounts have zero commission so you don't have to pay anything for buying or selling a stock. However, there are some accounts that have fees. One of them is called Interactive Brokers. I pay a fee ($1) for every trade that I make. It's not a lot of money, but it can add up over time.

You may be wondering, “How do these brokerage accounts make money?” The backend. Oftentimes, a brokerage account acts as a bank. Brokers make a lot of their revenue by investing or loaning out money to clients. In fact, some brokerage accounts act as a savings account. You can make interest on the cash that you invest in an account.

4. Paper Trading

You want to determine whether or not a stock brokerage account allows paper trading. This gives you an opportunity to practice buying and selling stocks with imaginary money before using real money. Most accounts allow this, but this is something that you want to look into.

5. Minimum Investment

Explore what the minimum investment is to open a brokerage account. For most accounts, the investment is zero. However, there are a few that require a minimum investment fee, like M1 Finance.

6. Research Capabilities

Each stock brokerage account provides a different level of research. As an investor, you want to research companies before you invest in them because some are better than others. I go to Yahoo Finance to do my research on brokerage companies.

7. Fractional Share Option

Some accounts, like M1 Finance, allow you to buy fractional shares. This means that you can buy a fraction of a share, rather than the full price of a share of a company. For example, Amazon is currently trading at over $3,000. A lot of people don't have that kind of money to invest. Having 30% of your portfolio in one stock is risky and may result in anti-diversification.

8. Foreign Trading

Trading internationally opens up a world of investment opportunities. Leveraging a variety of different currencies puts you in a great position to diversify your portfolio. I hold both U.S. and Canadian currency. I trade on the U.S. markets and exchanges, as well as those in Canada which I highly recommend.

Keep in mind that I've been investing for a long time now. Start small, but know that this is an option down the road.

9. Margin trading

Some brokerage accounts allow you to open up a margin account. This means that you can borrow money and take out a loan from the account. You do have to pay that money back and there is an interest rate on that. If you're a beginner, I wouldn't recommend doing margin trading because it's risky. However, if you're a more advanced investor, this is a great option.

10. User Experience

Every brokerage account has a different user interface. Your experience of an account will be determined by the overall layout of a platform. Some platforms are more advanced, like Interactive Brokers. This platform can be intimidating and hard to understand, especially if you're new to the world of investing. To be honest, it's not the most user-friendly platform.

If you're a beginner, I encourage you to start with a simpler platform, one that has zero fees and commissions. WeBull is a great beginner-friendly platform. Keep in mind that if you want to move to a different account over time, you can transfer all your positions over. There is a fee for doing this, but it's possible.

11. Customer Support

The biggest platform accounts, like Fidelity, TD Ameritrade, and Charles Schwab have great customer support. It all depends on what your preference is. If you want someone to hold your hand through the process, you definitely want to take advantage of customer support.

Watch the video above where I do a screen share and walk you through a step-by-step process of how to open a stock brokerage account using WeBull!

BEST STOCK BROKERAGE ACCOUNTS:

WeBull is a commission-free stock trading app that is offering 3 FREE STOCKS for new signups
Robinhood
Vanguard
Interactive Brokers (U.S. and non-U.S. residents)
Invest for FREE with M1 Finance
TD Ameritrade
Charles Schwab
Fidelity
ETrade

INVESTING RESOURCES FOR BEGINNERS:

This is how to open a stock brokerage account!

If you're interested in learning more about how to invest in stocks, I encourage you to check out my Money and Investing Mastery playlist on YouTube. Inside my videos, I talk in-depth about how the stock market works and how you can diversify your income. Investing is the best way to grow your wealth over the long-term and secure your financial future.

Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

The post How To Open A Stock Brokerage Account (And Receive 3 Free Stocks!) appeared first on Project Life Mastery.

My Top 5 Best Performing Stock Investments

Stefan James — Fri, 17 Jul 2020 16:14:24 +0000

I want to give you access to my top 5 best performing stock investments of 2022.

It's fair to say that 2020 was a crazy year. The COVID-19 pandemic created a lot of global financial instability, resulting in a recession.

Unfortunately, economics fear that the probability of another recession this year is 50%, even if there is an effective vaccine for Covid-19 by the middle of 2022.

I've been investing for many years now and have been able to build a multi-million dollar investment portfolio. During these volatile times, I've been able to leverage the stock market to my advantage.

If you want a sneak peek inside my stock brokerage account to find out the top 5 stocks I own that are performing the best right now, keep reading!

Watch the video below:

(Click here to watch on YouTube)

Are you ready to start trading stocks? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

Investing in stocks is an investment in the future.

The earlier that you start investing, the sooner you will be able to create financial freedom. If you're a newbie investor and want to get into the investment game, I want to show you what is possible by investing in the stock market. Although I've been able to build a 7-figure investment portfolio, that doesn't mean that everything that I've invested in has done well.

Part of being an investor is knowing what your tolerance for risk is when you're investing in certain companies. I have a very diversified portfolio. As the market has recovered, I've done well. Why? I was able to invest a lot of money into stocks when the market crashed back in March.

That being said, there are some investments that I own that haven't recovered yet due to the recession. However, as a long-term investor, I'm not rattled in the short-term. I follow the investment advice of Warren Buffett, who is one of the most successful investors in the world. He says that if you're not willing to own a stock for at least 10 years, then don't even think about owning it for 10 minutes.

All that matters is that you win more than you lose.

I'm going to share with you my top 5 best performing stock investments of 2022. Keep in mind that the price of these stocks can change at any moment. I'm not concerned about what the value of these stocks is right now because I'm holding them over the long-term.

I encourage you to explore these investments in greater depth. However, before you do you need to understand what your investment goals are and how much cash flow you have to work with. In no, way, shape or form am I giving you investment advice. Just because I share investing information with you doesn't mean that you should go out and buy the companies that I invest in. You need to do your research and your due diligence.

If you want to expand your knowledge of investing, I encourage you to check out some of my other YouTube videos that dive into my mindset and philosophy towards investing:

Now let's talk about my 5 best performing stock investments!

1. Tesla

This is an electronic vehicle manufacturing company. They are currently trading at over $1,000. This is over-inflated, which is one of the challenges of being a fundamental value investor. A lot of technology companies are overpriced. Especially since Tesla has blown up over the last year.

Either way, this investment has done really well for me. I've invested $26,000 into Tesla. The average price of what I've invested is $333.29. I own 78 shares and the total market value is $117,739. Thus, my $26,000 investment has gone up by $92,000. I believe that it will continue to go up because I'm a long-term investor. However, there may be a correction in the near term. I think it will be worth $3,000 per share in the next 10 years.

2. Shopify

This a well-managed Canadian company that I am fairly familiar with. I've sold on this eCommerce platform before, I use it for my business, and I educate my followers on how to sell using Shopify. I know where eCommerce is going long-term and the opportunities that it provides.

I own stocks in this company in two different markets – the U.S. and the Toronto Stock Exchange. Shopify is currently trading at over $900. I've invested $46,800 and the average price I've spent is $362. I have 129 shares and the current market value of my investment is $125,273.

As an investor, I could sell what I've put in so that I can get my initial investment back. However, in my case, I don't need the money so I'm happy to leave it in. Again, this company is overvalued in terms of what it's trading at, but this is what you can expect with technology stocks.

3. Amazon

This is one of the biggest companies in the world. I believe in this company, I sell on its platform, and I educate my followers on how to build a successful Amazon business. The founder of Amazon, Jeff Bezos, is an incredible entrepreneur. He was once the richest man in the world.

However, he lost half of his net worth to his wife after going through a divorce last year. Since then, he's bounced back to being the richest man in the world yet again. Today, he's worth something like $180 billion and counting. Amazon has grown massively during the pandemic, on a global scale.

Since a lot of traditional retail stores have closed due to COVID-19, more and more people have been buying online. Amazon is currently trading at over $3,000 per share. Thus far, I've invested $113,000, making this my top investment. The average price I've bought at is $1,796.64, I have 63 shares, and the current market value of my investment is $193,820.

4. Vanguard S&P 500 ETF

I love Vanguard because they have some of the lowest fees for index funds, at roughly 0.1%. An ETF is known as an exchange-traded fund. If you're brand new to investing, I recommend investing in ETFs first. Doing so allows you to invest in a group of stocks, thereby providing diversification and minimization of risk. The S&P 500 represents the top 500 companies in the U.S.

By owning one ETF I get to own a small piece of each of the top 500 companies in the U.S. This provides broad diversification because I get to own many different sectors, like healthcare, technology, financials, consumer goods, retail, etc. Thus, if one company goes bankrupt, my investment will still be good.

This is known as owning the market. With ETFs, you can own the biggest companies in the entire world or you can own the total market, including small and medium cap stocks. S&P 500 are large-cap stocks, meaning anything that has a value of over $10 billion.

With Vanguard, I've invested $246,000. The average price I've bought is $256 and the current value of this investment is $281,000. What I love about this investment is that I get a dividend from it, while the other companies I've shared with you don't.

5. Alphabet

This company owns Google, YouTube, and many other companies in the tech space. I use Google and YouTube in my business. Long-term I love this company, especially with what they are doing with artificial intelligence. They are currently trading at over $1,500 per share. The cost-basis of what I've invested thus far is $97,000. The average price I've bought is $1,157.49.

My current market value of this company is $128,000. Alphabet got hit hard with the recession, but now they are at an all-time high. I believe that this company will continue to go up and do well. I've also made around $30,000 in profit by investing in Facebook. They've had a lot of privacy issues as of late due to the racial tensions in the U.S. However, over the long run, they will continue to be successful.

These are my top 5 best performing stock investments of 2022.

If you're considering investing in the stock market, the knowledge that I've shared with you will help ensure that you make smart investment decisions. Investing in your future is one of the most important things that you can do, especially during these volatile times we are living in.

In the words of Warren Buffett, “Investing is laying out money now to get more money back in the future.” Are you ready to take control of your finances?

Are you ready to start trading stocks? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

The post My Top 5 Best Performing Stock Investments appeared first on Project Life Mastery.

The Best Stock Investing Advice For Beginners (HOW TO GET STARTED)

Stefan James — Mon, 01 Jun 2020 15:00:29 +0000

If you're a beginner investor, Tatiana and I have the best stock investing advice for you.

I believe that investing in the stock market is one of the best ways to gain investment experience.

However, it's important that you invest your money wisely so that you don't make bad investment decisions.

I've been investing for many years now. I've built a $3.5 million dollar investment portfolio personally. If you want to know how to get started investing so that you can secure your financial future, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/4001354-plm-791-the-best-stock-investing-advice-for-beginners-how-to-get-started.mp3″ background=”default” ]

Do you want to know how to invest your money wisely? CLICK HERE to join my Life Mastery Accelerator program where I teach you how to build a beginner stock investment portfolio!

Investing is a long-term game.

I am a long-term investor, meaning that I make conservative investment decisions. I believe that anyone can build a multi-million dollar portfolio if they adopt a long-term approach to investing. The earlier you start investing, the sooner you can create financial freedom.

My fiancée Tatiana has been investing for a few years now as well. She wanted to pick my brain about investing for beginners and share that knowledge with her audience on her YouTube channel. If you have the desire to build an investment portfolio, I hope that my stock investing advice will help you get started. Below are the questions she asked me and my answers. Let's dive in!

At what point should people start to consider seriously investing?

I'm not an expert investor or a financial advisor but I will share my investing experiences. There is still a lot that I don't know or understand. I would call myself an intermediate investor. It's important that you understand the risks involved with investing. At the end of the day, you're responsible for your investment decisions.

First, you need to know what your goals are with regards to investing. Are you investing for your retirement? If that's your goal, you will have a different strategy and mindset behind your investment decisions, versus if you're investing for the short-term.

Second, you need to know what your threshold for risk is. Are you more conservative with your money or are you someone who is younger and willing to take more risks? This will determine what kind of investment vehicle you will pursue, whether that's real estate, stocks, or bonds. You also want to make sure that you have money put aside to invest, otherwise known as a cash reserve.

When it comes to investing, don't invest your life savings.

That's not intelligent. The worst position to be in is when you need money to pay your rent or mortgage and you have to sell your investments to get that money. This is why I recommend saving 3-6 months' worth of your monthly expenses. This is money that you never touch or invest in.

I make my money primarily through my business, which provides me with cash flow to support myself and invest over the long-term. If you're an eCommerce entrepreneur, you don't want all of your money to be in your business. This is a big mistake that people make.

Yes, you want to reinvest money back into your business, but you also want to pay yourself. I don't worry when the market drops. There is always a correction in the market, where it drops to 10-20%. This provides an excellent opportunity to buy more stocks at a cheaper price. When you're a long-term investor, you don't worry about a correction.

What are the different types of investments?

First, there is real estate. You can't ever go wrong with investing in real estate. Over the long-term, any land will always appreciate in value. However, more of your money will be tied up in one or more properties. Hence, it's a lot harder to liquidate that.

On the other hand, you can buy stocks. These are any public companies that are listed on the stock exchange. All of their financials are public information. Thus, you can look at their balance sheets and see what their profits are before you invest in them.

You don't have to be a genius to invest in stocks.

Rather, you can just invest in a Jeff Bezos or an Elon Musk. What I love about investing in stocks is that I can diversify a lot easier than I can with real estate. I can own a variety of companies across many different sectors, whether that's technology, consumer goods, retail or financial companies.

Beyond stocks and real estate, there are government, corporate, and junk bonds. Government bonds are known as fixed-income investments. They are not as risky as buying individual stocks. Junk bonds are similar to startup companies. There is a higher risk associated with them, but you can make more money from them.

Index funds are similar to mutual funds, but they are not actively managed. Rather, they're more of a passive investment. The S&P 500 consists of the top 500 companies in the U.S. You can buy individual stocks, but there's more risk involved. This is why people invest in index funds.

You can buy one stock that owns the top 500 companies in the U.S. Thus if one of those companies suffers, your investment will be fine because you will still own a broad array of industries. I love Vanguard, which is a type of ETF, or exchange-traded fund. They have the lowest fees.

STOCK BROKERAGE ACCOUNTS I RECOMMEND:

WeBull is a commission-free stock trading app that is offering 3 FREE STOCKS when you deposit $100
Invest for FREE With M1 Finance
Interactive Brokers (US and non-US residents)

INVESTING RESOURCES FOR BEGINNERS:

This is the best stock investing advice for beginners.

Now is the best time to start taking control of your future. The rewards of investing in your future are far-reaching. If you take advantage of any of the investment vehicles that I spoke about above, you will put yourself in a great position to create financial security and become the master of your money.

What will your first investment be?

Do you want to know how to invest your money wisely? CLICK HERE to join my Life Mastery Accelerator program where I teach you how to build a beginner stock investment portfolio!

The post The Best Stock Investing Advice For Beginners (HOW TO GET STARTED) appeared first on Project Life Mastery.

Robert Kiyosaki: Market Crashes Are REALLY GOOD!

Stefan James — Mon, 11 May 2020 15:00:24 +0000

Robert Kiyosaki believes that market crashes are really good.

Over the last few years, economists and financial experts, like Robert Kiyosaki, have been predicting that a recession is imminent.

In 2019, more than 70% of economists surveyed by the National Association for Business Economists thought that a recession would occur before the end of 2021. Based on the current economic climate, they may not be far off.

Are you prepared for the next recession? If not, keep reading and listen to Robert Kiyosaki's financial advice!

Watch the video below:

(Click here to watch on YouTube)

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A market crash is highly likely to occur.

In terms of when the crash is going to happen, nobody is 100% sure, nor do we know how much damage the next global recession will cause. However, based on the fact that the Coronavirus pandemic continues to negatively impact the economy, there are fears that the downturn could last a long time.

The International Monetary Fund predicts that the “Great Lockdown” recession could be worse than the Great Depression if the Coronavirus lingers. However, if you take a look at the U.S. economy over the last century you will see that, on average, every ten years there has been a recession.

Robert Kiyosaki makes sense of the imminent market crash using his theory of bubblenomics. He uses the metaphor of a balloon blowing up to describe how a market bubble works. In 1971, Nixon took the dollar off the gold standard. At this point, fake money was introduced into the U.S.

This meant that governments could print their own money, otherwise referred to as “counterfeit money.” When you think about it, why would you make money when you could just print it? Instead of finding ways to correct the economy, the U.S. decided to blow it up even more.

In 1987, the U.S. experienced the biggest one-day crash in history. Yet again, the Federal Reserve continued to print more fake money. In 2000 there was a dot-com crash which proved to be the biggest bubble ever. In 2008, the U.S. experienced another stock market crash. After 2008, the Federal Reserve continued to print fake money.

When things go into a bubble, stock and real estate prices go through the roof.

In turn, people get a false sense of being rich. The question is, “What can you do to prepare for and take advantage of the next market crash?” When people get wind of a potential market crash, their natural response is to panic. However, Robert Kiyosaki offers a different perspective as to how you should approach an imminent crash.

In his words, “What is wrong with a market crash?” He believes that crashes are really good. In 2008, when the markets crashed, they also lowered the interest rates. In his eyes, this was cause to celebrate! It was at this time that he and his partners borrowed $300 million dollars to buy more property.

Ten years later, they are $600 million in debt, but they got rich off of debt. Keep in mind that this kind of business move takes years of financial education. Currently, the U.S. has been triggered as a bear market. This is when stocks drop from 20% or more from the all-time high.

A recession or a bear market only happens every decade. We are entering into that territory, but we haven't hit bottom yet. Unfortunately, things will get worse. A lot of businesses will continue to be affected by the Coronavirus pandemic.

However, if you are prepared for the recession, you will be in a better financial position than most. I've been preparing for the 2020 recession for years now. If a recession happens, my investment portfolio can drop by up to 50%. However, long-term, I will be able to quadruple my net worth over a 5-10 year horizon in ways I never could have if I continued to go at the pace I'm going now.

Robert Kiyosaki hopes that the stock market crashes.

Regardless of whether or not you adopt his view that crashes are really good, it's important that you prepare yourself for it. It's not a matter of ‘if' there is going to be a market crash. Rather, it is just a matter of ‘when.'

If you haven't yet, I encourage you to start learning about investing. Doing so will make sure that you benefit from the market crash when it does occur. The most important piece of advice that I can give you when it comes to investing is to take a long-term approach.

Regardless of what happens in the economy, you can always make smart financial moves. The more prepared that you are, the better able you will be to withstand the highs and lows that a market crash brings with it.

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Where To Invest $1,000 Right Now

Stefan James — Fri, 03 Apr 2020 15:00:10 +0000

Have you been wondering where to invest $1000 right now?

Before you even consider investing you must have money put aside. Ideally, you want to save between 3 and 6 month's worth of monthly expenses.

Emergency funds create a financial buffer that can keep you afloat in a time of need without having to rely on credit cards.

Even if you have a lot of savings, I don't recommend investing all your money into the stock market.

Ready to discover the best places to invest right now? If so, keep reading.

Watch the video below:

(Click here to watch on YouTube)

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A smart investor has great money management skills.

If you can't master your finances, you won't last long as an investor. Before you make any investment decisions, make sure that you are financially responsible. You need to save money before you can invest money. Doing so creates the foundation upon which your financial house is built.

This means learning the foundational skills of managing your money, tracking your expenses and creating a budget. Let's assume that you already have money to invest. Here are 3 ways that you can invest $1,000 right now.

1. Invest In Yourself

I didn't create the massive success that I have today by investing in stocks. Before you even think about investing in stocks, I suggest that you invest in yourself. In the words of Warren Buffett who is the #1 investor in the world, “The best investment you can make is an investment in yourself. The more you learn, the more you'll earn.”

A lot of people fail to recognize how powerful learning can be. You can extract an entire lifetime of someone's experience and knowledge and consume that in a matter of hours or days. In turn, that can benefit how you live your life and the decisions that you make.

Now is a great time to consume knowledge from books. Reading is a powerful tool to learn more about yourself and the world. When you do the work to become more, you will make better decisions in every area of your life. Over the years I have invested hundreds of thousands of dollars into myself. This is how I've been able to become a multi-millionaire.

2. Invest In Your Business

For those of you who really want to take your life and finances into your own hands, building an online business is the best way to do it. This is how most people become wealthy. If I put $1,000 into my business, that can equal tends of thousands of dollars in return. Right now is the best time to start an online business.

The world is going through a massive shift as a result of the Coronavirus pandemic. More and more people have been forced to buy and consume more content online. By developing your business skills and building your business now, you will be in a great place once the economy gets better. This is the mindset that I'm adopting.

Right now I'm investing in mentors and business strategies that will grow my business tenfold in the near future. I want to continue learning and extracting as much knowledge as I can from others. Even though my sales are going down slightly, in one year from now, my business will go to the next level.

Why? Because I'm committing to becoming more. Whether it's developing a new website, creating content online, or writing a book, now is the time to invest in your future.

Whatever your $1,000 investment is, I promise that you will make so much more on the other side of it than you will from just investing in stocks. If you're interested in building a business and taking your life to the next level, I have a variety of courses and resources that can help you do so.

3. Invest in Stocks

There are a lot of great investment opportunities available right now. However, keep in mind that financial markets are volatile. If you want to invest during times like this, I recommend that you do your due diligence so that you are financially prepared. You need to have a proper investment strategy in place.

Currently, we are in a bear market. This means that the prices of stocks in the world have dropped from their all-time highs down to 20% or more. This means that you can invest in a lot of great companies at a reduced price than what they were trading one month ago.

If you can hold your stocks until the market recovers, you can make more money in the long-run. I take the money that I earn in my businesses and I invest it in other investment classes. This is how I diversify and create long-term wealth. As of late, I've been buying a lot of blue-chip companies.

I've also been investing in Canadian and U.S. tech, airline, credit card, and oil companies, bank stocks, and exchange-traded funds (ETFs). Some of these investments are riskier than others. However, in my opinion, you can't go wrong with financial or tech companies.

This is where to invest $1,000 right now.

These are the three types of investments that I prioritize the most. Ideally, you should invest in all three. However, it all depends on how much money you have. If money is an issue right now, focus on investing in yourself. In turn, your business will benefit. Eventually, you will be in a position where you can invest in stocks and other investment vehicles.

What will you commit to investing in?

Do you want to know the 7 online business models that made me an Internet millionaire in less than 3 years? CLICK HERE to get instant access to my FREE course!

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How I’m Investing In Stocks Amid The Coronavirus Panic The Stock Market Is Crashing!

Stefan James — Mon, 16 Mar 2020 15:00:22 +0000

The stock market is crashing as the Coronavirus panic continues to spread.

The U.S. stock market is suffering its worst crash since 1987. Last week there was an automatic shutdown in trading.

It's fair to say that the world's financial markets are panicking and the economy is in trouble.

As of right now, the Coronavirus has been labeled a global pandemic. This means that the disease has spread around the world.

Do you want to know how I am investing right now, amidst the Coronavirus panic?

Watch the video below:

(Click here to watch on YouTube)

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Coronavirus has hit the stock market hard.

There is a lot of fear and panic surrounding the Coronavirus. We still don't know what is going to happen to the economy. My heart goes out to all of the people who have been affected by the virus. I know that it's a real threat, especially to those who have a health condition or the elderly.

I believe that it's going to take a few months before the Coronavirus gets contained and stabilized. We are still at least one year away from a vaccine.

However, from an investment perspective, there are some great opportunities available right now. There are a lot of blue-chip stocks that you can buy at a discount. I've published a few pieces of content in the last while that will set the tone for what I'm going to talk about in this blog.

I've also shared how I'm preparing for the 2020 recession. Whether or not the Coronavirus is going to cause a recession, I don't know. In the U.S. the virus has triggered a bear market. This is when stocks drop from 20% or more from the all-time high. A correction typically happens when the S&P 500 drops from 10%-20% from all-time highs.

That only happens every year or so. Conversely, a recession or bear market only happens every decade. Right now, we are entering into this territory. That being said, we haven't hit bottom yet. Things are going to get worse. There are a lot of businesses that are going to be affected by the Coronavirus.

However, if you're prepared, you can benefit from the recession.

Recently, I published a blog that talks about how I'm preparing for the Coronavirus, both mentally, emotionally, and financially. You can never be too prepared. Today, I want to talk about how I have been investing over the last two weeks amidst the Coronavirus panic. I've been preparing for a stock market crash like this for several years.

I've been putting money aside and building a cash reserve. I knew that a recession was inevitable. I'm not an expert investor by any means. However, I want to share what I'm doing to profit from the Coronavirus panic. I'm what you call a long-term investor.

Warren Buffett is one of the most successful investors of all time. He once said, “You want to be greedy when people are fearful, and fearful when people are greedy.” Right now a lot of people are living in a state of fear, which means that they are selling stocks. Hence, there are a lot of great investment opportunities to take advantage of.

Right now, I am buying stocks. I'm not selling anything. I'm investing in blue-chip companies that have a market cap of over 1 trillion dollars, like Apple and Amazon. These are companies that have been around for decades. I never invest in anything too risky, like penny stocks. For the most part, I'm only investing in companies that can withstand turbulent times, similar to what we are experiencing now.

Thus, I don't have to sell my stocks.

I'm optimistic that the blue-chip companies I have invested in will rebound once the Coronavirus panic settles. Right now, there's a dip in the market. This means that I can buy stocks at a cheaper price, much less than what they were worth a few weeks ago when they were at an all-time high.

Specifically, the stocks that I like to buy are index funds, otherwise known as ETFs. This is one of the most secure ways to invest. When it comes to individual stocks, I like to invest in most of the big banks and financial companies. In Canada, I'm invested in TD Bank, Bank of Nova Scotia, CIBC, Royal Bank and BMO.

In the U.S., I'm invested in JP Morgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Goldman & Sachs, Proctor & Gamble, and Prudential. I also like to invest in tech companies, like Amazon, Apple, Facebook, Google, and Shopify. Lastly, I'm also invested in Visa, American Express, Mastercard, Disney, and some airline companies like Delta.

I'm not investing in these companies based on the headlines or the panic surrounding the Coronavirus. Rather, these are companies that I believe are great and that will stand the test of time.

STOCK BROKERAGE ACCOUNTS I RECOMMEND:

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INVESTING RESOURCES FOR BEGINNERS:

This is how I’m profiting from the Coronavirus panic.

I'm not panicking about the virus and neither should you. However, you can never be too prepared. I am optimistic that the economy will get better and recover itself. I trust that I will financially prosper from these difficult economic times if I continue to make good investment decisions.

What actions are you going to take to make sure you prosper during the Coronavirus scare?

The post How I’m Investing In Stocks Amid The Coronavirus Panic The Stock Market Is Crashing! appeared first on Project Life Mastery.

Robert Kiyosaki – Rich Dad, Poor Dad: Will There Be A Market Crash?

Stefan James — Wed, 07 Aug 2019 15:00:12 +0000

Robert Kiyosaki believes that a market crash is inevitable.

He shares his balloon metaphor to explain the theory of “bubblenomics” and the deflating U.S. economy.

In 1971, Nixon took the dollar off the gold standard. This meant that the U.S. government could now print “fake” money.

This fatal decision marked the beginning of the worst 40 years in American economic history. It is very possible that the next financial crisis is on its way.

Want to know why? Listen to Robert Kiyosaki!

Watch the video below:

(Click here to watch on YouTube)

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Bubblenomics explains why America is broke.

When the dollar became fake, that meant that the government could print their own money, otherwise referred to as counterfeit money. Instead of fixing the economy, the U.S. only blew it up even more. Robert Kiyosaki uses the metaphor of a balloon blowing up to describe the bubble effect that has occurred in the U.S.

It didn't stop there. The government continued printing fake money. In 1987, otherwise referred to as Black Monday, every stock market around the world crashed. Following that, in the 90's the dot com bubble burst. It is said that this burst took out $5 trillion U.S. dollars in the market value of technology firms between March 2000 and October 2002. Finally, in 2008, we saw the subprime real estate crash.

Yet again, the world's central bankers continued to print more fake money. This explains Economics 101 in a nutshell. Shocking, right?

When things go into a bubble, real estate, stocks and bond prices skyrocket. This is when people get a false sense of being rich. Pensions are now broke in the U.S. which means that a lot of Baby Boomers aren't going to be able to retire.

Robert Kiyosaki talks a lot in his work about the inability of the education system to teach young people about the value of money. Yes, they preach the importance of Economics, but nothing beyond that. This is one of the many reasons why I dropped out of college.

It's fair to say that our current world economy is in big trouble. What do you think is going to happen if we continue down this road? You don't have to be an economist to know. If a crash is imminent, the best thing that any of us can do is be prepared for it.

The next market crash may be closer than we think.

This is why Robert Kiyosaki thinks it's so important to be financially educated. If you want to survive the next crash, you have to learn how to protect your money and your wealth. In a world where financial turbulence is proving to be the norm, your most important asset is your financial intelligence.

Are you ready to boost your financial IQ so that you can grow your wealth the right way? If so, it's time that you start listening to people like Robert Kiyosaki. He's onto something big.

Watch the video above to get a full explanation of Bubblenomics!

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