How to invest your money
It’s human nature to want what we don’t have. To assume some alternative to what you currently have is somehow better. Over the last while I’ve felt this phenomena regarding my investments. I recently explored some alternative routes to my investment strategy. See an analysis here.
Now that I’m teaching English in China, and upping my online teaching hours I have some serious cash flow to dump into my investments. So I felt it necessary to review my plan of action moving forward.
Growth Investing, high dividend stocks, & ETFs
As investors we are here to make money. We are always looking for the most favorable return. Since there are many ways to skin the proverbial cat of reaching our goals, we need to look into the total picture of costs and benefits of all options.
For most of my investing career I’ve taken the growth investing approach through buying market index ETFs. I’m young and they provide a less risky way of achieving baseline returns. Though since I’m relatively young; passing my mid twenties, I’m wondering if I should be looking at other approaches.
Build bank, earn money and travel simultaneously.
I remember looking out the window of my office during my first job out of university. It was a brief moment between the whip of management being cracked to pick the phone back up. I was wearing an uncomfortable suit, barely making bank and just thinking..
FUCK THIS. I’m moving to Thailand to become a dive instructor. I want to earn money and travel simultaneously.
That fantasy seemed nice and all until i researched how much dive instructors make. You better love it, because it’s probably last on wealth building profession list.
I moved through a few other jobs over the years, still dreaming of jetsetting and island life. Finally, about a year and a half ago I did something about it.
Canada legalizes recreational marijuana in 2018
Legalization of recreational marijuana use is penned for July 2018 in Canada, naturally marijuana has been a hot topic around the country – and the world – lately. For the last few years stocks of Medical marijuana companies have been on fire. And they aren’t showing signs of slowing down.
The mere promise of legalization. The ever changing landscape of regulations. And many companies still proving to show profitability makes this a risky industry to be investing in. As an array of companies flood into the space, it’s hard to know which stock to put your hard earned dollars into. With many realizing 100% gains over the last year, it is certainly not an industry you want to be overlooking.
Buying Bitcoin for Beginners
I remember hearing about Bitcoin years ago. Back when it was $200. Mysterious internet money that increases quickly in value as I was told by some weird computer guy.
He called it the future. That fucking psychic.