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Dennis#MD

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Everything posted by Dennis#MD

  1. Investing is one of the surest ways of building up passive income. But many beginners falter for lack of sound knowledge about investing principles. Whether you are an employee of a corporation, self-employed or a businessman, you can earn great amounts of passive income by becoming an investor. Many people try their luck at investing but come up short. The major reason for this is lack of prior knowledge about investing. It is of paramount importance to learn the basic investing principles before diving into the practical world of investing. In this article thirteen basic principles will be discussed briefly for newbies. Principle 1: Diversify The first and foremost principle is to diversify. Even if you are starting out with a small amount, it is always better to buy more than one stock. In this way even if a couple of stocks underperform, the other stocks making up your diverse portfolio can take the brunt. Diversification is the golden principle of investing. At no cost should you ever ignore this rule. Principle 2: Start investing at an early age I am sure you all have heard about the power of the compound effect. Well as the old saying goes, compounding can be your best friend. What it means is that the longer period for which you have your money invested; the more you stand to gain. The longer your money will work for you. Those who start out at a young age, definitely have an advantage over their peers. But don’t worry, because even if you didn’t you are always early as compared to those who never decide to start investing. Principle 3: Invest in what you know This implies two things. First is that you should try and buy stocks of a company, whose business you know about. Even if a little. Rather than jumping into a company about whose business operations you know nothing about. Second, is not to get ahead of yourself in the investing business. What I mean to say is that keep the invest amount directly proportional to your learning curve. And not go into complex trading options prematurely. By all means go for it, but only and only once you have mastered the core concepts. Principle 4: Don’t let temporary market slumps alter your long term investment plan Don’t make the rookie mistake of getting on the band wagon. More often than not, people tend to buy when others start buying and sell when others start to sell. This sets off a chain reaction and doesn’t necessarily reflect the true picture of the market. Don’t alter your complete investment plan and your portfolio based on a temporary market slump. Often there are spectacular gains to be made by sticking it out. Principle 5: Don’t doubt your trades Once you have made a decision based on sound analysis to sell a stock, never look back. Don’t be like those who say, what if I had held on a little longer? What if I hadn’t sold the stock just yet? Never second guess your own decisions. If you do this, then you can never become a successful investor. Principle 6: Dollar averaging What this means is that regardless of the market condition, you keep on investing the same amount of money monthly into your portfolio. Believe me it really works. Although, there are not many such schemes or options out there nowadays. But if you look hard enough, you will find them. Principle 7: Never Panic An investor needs nerves of steel. You can’t let your emotions get the better of you. Often there have been occasions in the history of markets, where people have jumped the boat too quickly. An investor needs a level head. This is not saying that you not take risk into account. A ll I am saying is that keep your emotions out of it. Only keep your wits about you. And you will start to see things for what they really are. For e.g. sometimes a news breaks which has an adverse effect on a certain industry. As a result people start getting out of its’ stock. But this shouldn’t mean that panic should set in and other industries which are doing just fine also start to feel the heat of selling. But this is exactly what happens in the majority if the cases. But the winners are those who keep their cool. For soon enough the market corrects itself and those who sold tend to be the losers. Principle 8: Pay attention Always remain alert and pay close attention to what is going on with your portfolio. Even if you are dead sure about certain great stocks, you should never stop monitoring them. It only takes a moment sometimes for the surest of stocks to tank. Principle 9: Bet on your winners and vice versa Always stick with your winners and try to get rid of the losers as quickly as possible. Don’t wait for the things to turn for the better. Rather, minimise your losses. And stay with winners. Discard the losers in an intelligent and timely manner. Principle 10: Go for a stop loss This means that you should always set a limit at which your stock is automatically sold if it suffers a loss. It is the surest way of reducing your losses. And it is especially helpful for the newcomers to the world of investing. And the opposite holds good for your profits. Don’t be extra eager to sell if your stocks start to rise in prices. In other words, you can afford to be slow in taking profits but not always fast with your losses. Principle 11: Stick to your original plan In investing as with any other thing in life, it is crucial to stick with your plan. Don’t change the direction of your sails with every little change that happens in the market. If you have started your portfolio with well thought out stocks, stocks that you know about, then stick to them. Principle 12: Don’t spend the principal amount Always buy your stuff or pay your expenses from the dividends from your stocks or the interests on your savings. Never ever reduce the principal amount. Rather on the contrary, always make it grow by re-investing a margin of the profits and earnings. Also make sure you don't invest money you can't afford to lose like house mortgage payments, money for groceries etc. If you don’t grow your asset column regularly, you will be left behind in the world of investing. Always follow the rule of paying yourself first. If you follow this principle, then in no time you would have grown your portfolio. Principle 13: Face your fear You can’t be right with your moves all the time. And it is not important to be. You will make some mistakes. And that is all right. As long as you are making few good ones, you are on the right track. You are going to turn a profit in the end. Many people tend to lose out on the deals of a lifetime because of the sole reason of fear. Conclusion If you follow the principles given above, then you are on your way to becoming an investor. You must always remember that money doesn’t always makes money. Money is an idea and nothing more. Ideas make money. And that is why it is important to know the basic investing principles, before you decide to test the waters. In the world of investing, always use your mind. Author’s Bio: This article is written by Jacob Arch, He is a famous article writer and a teacher at Assignment Service. He completed her Bachelor in Literature from University of London, UK. You like to write about Investments, Online Trading, Finance, Business, Digital Marketing or Crypto-currencies? Check our Write for us page. We'd love to share your knowledge with our audience.
  2. Dennis#MD

    Hello @waiverdigital. How are you?
  3. Dennis#MD

    Hello @Emma brat. Welcome to Top Gold Forum. We are indeed a family here. For many years we discuss online money making opportunities. Tell us more about you and your goals.
  4. Dennis#MD

    Hello @pouline. Welcome to Top Gold Forum. Nice to see you a member of our community. How are you? Tell us more about you and your goals.
  5. Dennis#MD

    Hello @Gary Sweeney. How are you? Welcome to Top Gold Forum.
  6. Dennis#MD

    Hello @indiaastro. Welcome to Top Gold Forum. How are you?
  7. Dennis#MD

    Hello Elena (@ElenaElena56) How are you? Nice to see you here on TGF. I'm sure you will get plenty of info that will help you monetize your skills.
  8. Dennis#MD

    Working with passion to make TGF one of the best money making communities on the web.
  9. Dennis#MD

    Hello @z80039 (Munier). Welcome to Top Gold Forum. How are you? Nice description of what are you doing. How the crypto investments are working for you?
  10. Dennis#MD

    Hello @Stoffy. Welcome to Top Gold Forum. How are you? Nice to see that you're into money making opportunities. How this works for you so far?
  11. Dennis#MD

    Hello and welcome to Top Gold Forum. How are you?
  12. Do you want to earn high quality backlinks and brand mentions from top experts? An expert roundup post is a type of blog post that features contributions by multiple experts in your niche. The contributors promote the expert roundup to their large audience, getting you tons of really targeted traffic and brand mentions. Benefits of our Expert Roundups Publishing an expert roundup on your website has lots of benefits and the most important one is that it will place your brand, products or services, on the same map with top influencers and bloggers. You’ll also earn the kind of backlinks Google loves: from bloggers and media outlets, targeting your niche in a natural way. Earn Quality Backlinks From Niche Relevant Websites. Get Thousands of Visitors, Social Media Shares, and sales. Get your Brand and Products recognized and mentioned by Experts. Establish Relationships with Bloggers and Influencers in Your Industry. Get High-Quality Content For Your Website. Rank Better in Google For Competitive Keywords. Rank For 100’s Of LSI Keywords Over Time. Get Featured In Relevant Digital Magazines and Blogs About Your Expert Roundup. Save you 50+ working hours as we create the expert roundup from A to Z. --> Check our Expert Roundup Creation Service <--
  13. Forex trading is all about making big money. Some investors have found it quite easy to make a large amount of money as the forex market changes daily. Forex, is the foreign exchange market. Online and offline you will find references to the forex market as FX as well. Forex trading takes place through a broker or a financial institution often where you are able to purchase other types of stocks, bonds and investments. When you are thinking about getting involved in the forex markets you should know you are sending money to be invested with other countries. This is done to prop up the investments of people involved in certain types of hedge funds, and in the markets overseas. The forex market could have your money invested in one market one day, and the next day your money is invested in another country. The daily changes are determined by your broker or financial institution. When reading your statements and learning more about your account, you will find that every type of currency has three letters that will represent that currency. For example, the United States dollars is USD, the Japanese yen is JPY, and the British pound sterling will read as GBP. You will also find that for every transaction on your account listing you will see information that looks like this: JPYzzz/GBPzzz. This means that you took your Japanese yen money and invested it into something in the British pound market. You will find many transactions from one currency to another if you have money that is scattered through out the forex markets. Forex markets trading by investment management firms are the companies you can trust with your money. You want to find a company that has been dealing with forex trading since the early seventies, and not someone just new on the block so you get the most for your hard earned money. It is important that you beware of companies that are popping up online, and often times from foreign countries that are stating they can get you involved in the forex markets and trading. Read the fine print, and know whom you are dealing with for the best possible protection. If you are interested in trading on the forex market, you will find limits for investing are different from company to company. Often times you will learn that you need a minimum of $250 or $500 while other companies will need $1000 or $10,000. The company you are dealing with will set limits in how much you need to open an account with their company. The scams that are online will tell you, that you only need a $1 or $5 to open an account, but you need to learn more about that company and where they are doing business before investing any money, this is for your own protection while dealing in forex trading and markets online.
  14. Dennis#MD

    Blockchain Technology In A Nutshell

    Blockchain technology has, in recent times, taken the world by storm. Cryptocurrencies were the first product of which blockchain made possible, with which people have made and lost millions or more, and the exchanges of which have become hotbeds for cybercrime , fraud, and dishonesty, and the subject of debate over regulations, etc. And just off of this branch of the technology, aside from the different types of traditional cryptocurrencies, we also see things like stable coins (which are supposed to be pegged to the value of actual assets), and central bank and government-issued tokens as well. After Ethereum though, a whole new dynamic was added to the industry - the upgrading of the blockchain itself enabled dApps (decentralized applications). It is these that have enabled the likes of CryptoKitties - the blockchain-based digital cat collectors platform, which has seen some of its digital cats sell for obscene amounts of money for pieces of digital artwork. Of course, it’s not all fun and games, blockchains have also enabled, it would seem, improvements in the shipping industry and in supply chains. For example, blockchain can greatly reduce paperwork, and help to track aspects of a product from point to point along its production or distribution paths. Blockchain technology is still in its infant stages, however, and for all the praises you will read about it online, there’s also, of course, individuals and companies with dissenting or neutral views of it. For example, some larger corporations have pointed out that blockchain tech (assumingly private blockchains) hold no advantages over their current systems. On a similar note, it can in fact be said that a blockchain can never be faster than a centralized database, as not only does it need to perform the same things the central database does, but it must also have each node in the network process transactions, each of which must be digitally signed (with public-private cryptography), and the blockchain must ensure that all the nodes have reached a consensus. Of course, as with any tech, blockchain technology has its own pros and cons, especially considering it’s so young. Positive things include it’s decentralized and transparent nature (positive only for some applications of course), automated processes based on coded smart contracts, and faster international transactions, among others. Some of the negative things include it’s previously mentioned slowness compared to centralized databases, the difficulty and expensive nature of integration, a lack of trust and understanding from the public, uncertainty concerning regulations in some places, and the older PoW consensus protocol requiring huge amounts of electricity for mining. The infographic below sums it up very nicely and gives much more details that we have given in this short article. This infographic was created by Cyberius.
  15. Dennis#MD

    Hello @Anka. Welcome to Top Gold Forum. How are you? Tell us more about you and your passions, your goals.
  16. If you want to become a successful blogger, this information is both uplifting and depressing. It is possible to make money blogging; lots of people are already doing it. I’ve created, maintained and sold over 40 blogs so far and I’m ready to give you the exact recipe that will guide you to create a blog that will make you profit in several months. Contents [hide] Before Starting Your Blog 1.How to find your niche 2. Technical stuff 4. How to do planning and goals setup 5. How to create quality content 6.How to grow your blog 7 How to do networking and community 8.How to advertise your blog 9. How to make money from your blog 10 How to sell your blog 11. Conclusions
  17. I'd like to know what's your main area of interest in this forum. Please vote in the poll above. Multiple choices are possible.
  18. Dear TGFers, May the New Year bring you happiness, success, and prosperity! Happy New Year 2019! P.S.: Don't drink too much tonight 😉
  19. Dennis#MD

    Pokemon Go created quite a mess after launching. Wondering how many of you play it and what's your opinion on the augmented reality. I think its going to be a huge blast soon.
  20. Would love to hear how did you found out about Top Gold Forum. Let us know, ok?
  21. Dennis#MD

    Hello TopGold Forumists, I'm really happy to announce that right now we are over 32000 members here on Top Gold Forum. It's great to see how this community evolves helping individuals and companies to connect and share opportunities & knowledge. Also I'd like to congratulate each of you for your awesome and friendly support of the community. It's time for celebration!!!
  22. Dennis#MD

    Hello @HeroMiners. Welcome to Top Gold Forum. How are you? Tell us more about you and your business.
  23. Dennis#MD

    Hello @jamjenny. Welcome to Top Gold Forum. How are you?
  24. Dennis#MD

    hi

    Hello @thebuyiptv. Welcome to Top Gold Forum. How are you? Tell us more about you and your business.
  25. Hello @ammy80. Welcome to Top Gold Forum. How are you?
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