I Christen Today…Wealthy Wednesday!

Good morning!

So over the holiday weekend, I came up with an idea.

After Thanksgiving, we have:

  • Black Friday…
  • Small Business Saturday…
  • Cyber Monday…
  • and Giving Tuesday.

What we don’t have, at least not yet, is…

  • a national day on which people are encouraged to buy stock in their favorite companies.

How does Wealthy Wednesday sound?

Here’s how it would work: On the Wednesday that follows Black Friday (that’s today!), investors – new and experienced – will buy at least one share, or in some cases a fraction of a share, of the company of their choice.

It’s as simple as that!

Of all the presents you buy this year, this may well be the only one you are truly thankful for five years from now.

Seriously.

Think about it…

Within the next few years, you may already have upgraded that new iPhone you got this year. You may have worn out that new outfit.

Many people overextend themselves and go into debt to buy gifts they really can’t afford. Several years from now, you may hardly remember most of the gifts you received this Christmas, unless you get something like a car, or a trip to Hawaii.

I recently read an article that reported more than half of U.S. households have no money in the stock market. That means they don’t own a mutual fund, ETF, or individual stock – not in an IRA, not in a 401(k), not anywhere.

This is very unfortunate – and needs to change. The stock market is the best wealth-building vehicle there is!

So…what better way to promote the importance of investing than to set aside a day like today, the Wednesday following Thanksgiving, and call it Wealthy Wednesday?

The number of people that do not invest, and need to, is tens of millions. So many people have misinformation about investing and liken it to gambling – which it is far, far from!

Whether you earn $250,000 a year or $30,000, you can get started investing today. It’s very, very simple – opening an investment account is as easy as opening a regular bank account!

If you need help, I’ve written a short beginners’ guide and am available for consultation. My mission is to see us all invested and building wealth! All of us!

So…today, please help me start a movement this country desperately needs. Please share this post on social media with the hashtag #WealthyWednesday…and buy a stock today!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

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2020 Is Upon Us

Happy Thanksgiving to all of my U.S. readers!

2019 has been a great year to own stocks, year to date. The S&P 500 is up 24.42%, the Dow is up 19.58%, and the Nasdaq is up 27.95%.

At the very least, if you owned an index fund of the Dow, you would have made 19.58% – which is outstanding!

I’ve said it before and I’ll say it again: you’re crazy not to own stocks.

Yes, I know about the stories from the market crashes in 1929, 1987, 2000, and the Great Recession of 2008. I know there are people that invested in companies like Lehman Brothers, Bear Stearns, Wachovia Bank, Washington Mutual, General Electric, General Motors, and the long list of companies that went bankrupt. Many of these people lost much, if not all, of their life savings, forcing them to forgo retirement and continue working well beyond the years they planned. These stories are tragic…and I feel for every individual in those circumstances.

Yes, there will always be risk of loss in any investment. In my opinion, however, the potential rewards far outweigh the risk.

For every Lehman Brothers, there are stories like Walmart, Home Depot, Microsoft, Dell, Amazon and Netflix. Investing in any one of these companies could have made you a millionaire.

When I invest, I always keep my focus on what will happen if my investment works out…not what will happen if it goes wrong!

If you did not start your investing journey in 2019…what held you back?

Was it fear of loss?

Was it that you didn’t know where to begin?

Whatever your reason…a new year and decade is upon us.

I am a firm believer that the stock market will create massive wealth over the next 25 years.

Make 2020 the year you get started building your wealth.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)