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Showing posts from March, 2020

Albert Einstein and Compounding

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Albert Einstein called the compounding effect the 8th wonder of the world. If you understand the magical effect of compounding, then you will win in the game of money! His famous quote: "Compound interest is the eight wonder of the world. He who understands it, earns it... he who dosen't... pays it." This principle of compound interest is the essential ingredient in building money and wealth!

Short tips and strategies: Coronavirus market crash

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If you have money invested in the stockmarked during the coronavirus market crash or you plan to invest, here is a list of what you should do, and what you shouldn't do: What you shouldn't do:  1. DONT SELL where you have lost money already (unless you know for certain that the company will go under without any doubt). 2. Dont be greedy!(dont buy everything you find because the prices have dropped, or other people are buying it). 3. Dont spend unnecessary money, like buying stuff you dont need right now (now is the time to save and invest). What you should do: 1.Buy quality longterm stocks at a bargain price. 2.Invest for the long term, not the short term (now more than ever, it is safest to bet on long time growth, and not on the huge volatility in the short term market during this time). 3.strengthen your emergency fund, or create one! (you cant invest if you dont have a insurance that if the market keeps sinking, your personal economy w...