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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Not Even the GE Pension is Safe!

Two weeks ago, General Electric (NYSE: GE) announced that they are freezing the pensions of 20,000 retirees.

The thought of finding out, in the midst of your retirement, that your penchant will be frozen is nothing short of horrifying. Unfortunately, for 20,000 retired GE employees, it’s a reality.

General Electric is a conglomerate that’s been around for over 100 years. At one point it was the most valuable company in the world, with a market value of $480 billion.

It is now worth $72 billion. It’s still a large company, but a far cry from its glory days.

Although it is very sad that many GE shareholders are in this position, there’s a lesson to be learned here: there is no such thing as a guarantee, even when it comes to pensions.

The only guarantee you have is the one that you create for yourself.

That’s why I’m such a big advocate for investing in the stock market.

If you work for the city, state or federal government, then your pension is pretty safe; however, I still recommend that you save and invest as if you don’t have a pension.

The worst thing that could happen is that you end up with a lot more money than you would have had otherwise.

 

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.)