You Have To Get In This Market!

The mission here at Wealthy Joe Investing is to inform, educate and inspire the average Joe to begin investing in the stock market.

Little by little, one person at a time, we will get there!

The stock market is a wealth-building machine that most Americans are not a part of.  That must change!!!

The power of compounding your money over decades of being invested is unfathomable to most people.

Is it really possible to turn a $1000 investment into $100,000, or even $1,000,000?

Yes, it is – very positively – if you own the right stock.  No one has a crystal ball and can tell you what stock it will be.  That’s fine!  Listen – save your money, find a company you believe has a bright future, and just do it!

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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Don’t Listen To Jim Cramer On This!

don't listen to jim cramer

Every now and then I watch “Mad Money” with Jim Cramer on CNBC.  Since I don’t watch much TV, financial programming is pretty much what I gravitate to.

Now, Jim Cramer has helped many people – and still does every day.  His show has been wildly successful over the last 14 years.  He is very wise regarding the stock market.  I am quite often in agreement with him.

However…he sometimes gives advice that makes me cringe in my chair.

The piece of advice I want to address today is the idea of selling your original investment once you’re up 100 percent.

For example, let’s say you invested $1000 in a stock, the price doubles, and your investment grows to $2000.  He’s saying that you should sell $1000 worth and let the rest ride.

Here’s the problem I have with that.  Suppose you invested in Amazon, Netflix, Booking Holdings, Home Depot, or Walmart.  Had you done what Cramer suggested, you would have left hundreds of thousands – in some cases millions – on the table.

Yes, from a $1000 investment you could have left a great deal of money on the table over a lifetime!

If you’re fortunate enough to buy a stock, and the price doubles, please hold on!  

We measure investment success in percentages gained over a period of decades.

 

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.)