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Invest for two-comma wealth ($1,000,000) is an entry-level yet comprehensive book about investing in the securities markets to grow your net worth. From annuities, bonds, and CDs, to common stocks, meme stocks, and cryptocurrency, the book explains each topic in an easy-to-understand manner, highlighting important lessons in each section.
The book teaches you about scams, and how to avoid them, including those “free” lunch seminars that try to sell you something, either immediately or months later. It explains why owning your home may not be a good investment and buying gold coins with huge sales charges put you at a disadvantage.
For Novices
If you’re new to the stock market, then consider buying a copy of the book. The focus of the book is on investing and not trading.
That’s important. You can do both (invest and trade). Why not invest (buy and hold) and grow your net worth while you learn to trade? That’s a type of diversification.
For Experienced Traders
Diversification among trading styes also applies to traders who struggle to become profitable. You can buy an exchange traded fund (ETF) like the QQQs, while you trade to your heart’s content.
If you’re a seasoned trader, build your portfolio (your wealth) by investing in long-term hold securities.
Investing instead of trading removes the stress, worry, and potential burn-out and time-consuming day-to-day grind of watching price move up and down. Buy a few ETFs and look at them once a quarter or year (or whatever). Wouldn’t you like to become wealthy without the worry and stress of trading?
For the Retired or Soon to be Retired
For those of you in retirement or approaching retirement. The actions you take before retirement can influence how much money you’ll be taxed in retirement. I’m talking about IRMAA and NIIT. If you don’t know what they are, then buy the book. The amount you may save is well worth the cost of the book.
As you age, you’ll want to transition from owning individual stocks to ETFs or mutual funds so you can avoid single stock risk (when a stock drops by 66% or more in one day). Think preservation of capital.
If knowledge is the way to wealth, then this book is for you. Use the information in this book to invest for the long term and discover that one day you’ve joined the two-comma club. Buy a copy of Invest for Two-Comma Wealth and start building your net worth.
ASIN : B0CW9QYZBG
Publisher : Independently published (March 18 2024)
Language : English
Paperback : 323 pages
ISBN-13 : 979-8878118996
Item weight : 703 g
Dimensions : 19.05 x 1.85 x 23.5 cm
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