I never traded stocks before I'm only with Cryptocurrency. But it will be nice to hold them for long, until the expected profit is achieved.
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This is the more reason why I don't buy stock because you must keep it for a very long period of time before it would rise and sell it off,but if you invest into crypto currency within the short period of time you will gain your profit.We have shares of stocks of our bank and that bank is also where my wife works. Our stocks have been with us for 3 years and counting that it has gained in value substantially. Now I am thinking of selling the stocks to cash in on the profit but my wife does not want to sell because we still do not need the money. She treats the stocks as not an investment but as a savings that we can use for our investment for a property when we have sufficient funds for it.
Seven and half years—
One of the most significant financial skills you need to master is investing in stocks. Stocks have produced an annualized return of about 10 percent on average. At that point, every 7.2 years, your money doubles. Let's say you start at 10,000 dollars.
You can only be good in stocks if you have extra money that you will not use. Buy stocks and let it stay for more than a year. You can also earn dividends at the end of the year which is not substantial but still good as an extra income while waiting for the stock prices to increase.This is the more reason why I don't buy stock because you must keep it for a very long period of time before it would rise and sell it off,but if you invest into crypto currency within the short period of time you will gain your profit.
Seven and half a year is a good time for people whom are financially capable to keep their stock in order to earn a better return but what about people that needed that money do another vital business .Seven and half years—
One of the most significant financial skills you need to master is investing in stocks. Stocks have produced an annualized return of about 10 percent on average. At that point, every 7.2 years, your money doubles. Let's say you start at 10,000 dollars.
I remember when i started buying stock in some outfit,a couple of them though,the reason for that investment was for the future,and as time progreses some did well while some did not.But it is almost 10yrs now.Investing in stocks is one of the most important financial skills you need to master. On average, stocks have given an annualized return of around 10%. At that rate, your money doubles every 7.2 years. Let's say you start with $10,000.
You really have to talk with your wife. You have to come into an agreement. So that you can not point your finger to each other when both of you have the same decision. I congratulate both of you to have stocks. That's a happy problem.We have shares of stocks of our bank and that bank is also where my wife works. Our stocks have been with us for 3 years and counting that it has gained in value substantially. Now I am thinking of selling the stocks to cash in on the profit but my wife does not want to sell because we still do not need the money. She treats the stocks as not an investment but as a savings that we can use for our investment for a property when we have sufficient funds for it.