Getting credit cards is really simple and accessible able in
today’s generation. Even the younger generation who just enter college have
easy access to credit cards (Those credit card companies want to take advantage
of the unexperienced youngster). Those credit card companies don’t have your
best interest in mind. After all, they are in this business to make profit. I
have to admit having a credit card can be an incredible tool such as building
credit, cash back rewards, and point rewards that can be used for traveling and
souvenir exchange. But the question is, do anyone know that getting into credit
card debt can actually ruin your financial life. I’m talking about digging
yourself into really deep hole and unable to get out from the financial mess. I
believe how you handle your credit now can have huge ratification on your
financial future. If you don’t use it wisely, you are going to be stuck in the
vicious cycle for the rest of your life. I wrote this article hoping people
will not entangle in this financial situation. I don’t want people to realize
this problem later on in life when it’s too late. So how credit card and its debt can ruin your life?
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Sunday, June 19, 2016
Thursday, June 9, 2016
Turning Bear Market Into 'Buying Opportunities'
A Bear market is a market condition in which the prices of securities
are falling due to widespread pessimism that causes the negative sentiment.
During this time, many speculators and investors rush to sell their positions
worrying that they will lose their portfolio value. Since there are more seller
than buyer in the market, the pessimism only grows stronger which will
eventually lead to a huge stock decline. Many people were told to stay out of
the market during this time or maybe to sell all their positions in certain
companies (I did this before and I regret it till now). However, you may be
surprise to find out that you don’t need upward trend market to make money in
the stock market. As for me who is a dividend growth and value investor, I tend
to see things with long time horizons and see the bear market condition
differently than most investors out there. You will see many great quality
dividend growth companies trading at cheaper price. As a value investor, I tend
to focus more on the quality of the business rather than the short-term or
near-future share price. You shouldn’t be scared that the stock price has
decline tremendously, in fact you should embrace it. I focus more on the
quality of the business rather than the short-term or near-future share price.
And knowing the quality of business, I use the bear market condition as an
opportunity to purchase great companies. So
what’s the reason behind it!
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