Afrikeen Wealth

You already know you can make fortunes through the stock markets; that's why you are here, right? But do you think there are rules to this? You don't want to lose the little you earned for not following what has been tested; trust me, I learned it the hard way! stock price-movement I have lost, so you won't, and I am here to share with you 11 cardinal rules to trading and being a successful investor in any of the stock markets in the world. In this list, I will borrow advice from the game's veterans, like Warren Buffett , and include some of my best.  Let's dive in then, 1.       Assess risks before rewards You must understand first that the markets are volatile and risky; you could lose your money in a whisker. So, before you think of making that call to buy Nvidia stocks, remember Warren Buffett's advice: don't set yourself up to lose money- If potential gains don't outweigh risks, it might not be a worthwhile investment. My advice :   Set...

  Are you interested or already in the stock market but overwhelmed by myths and misconceptions? Join me as I demystify common stock market myths, providing insights that inform and guide you. Investing isn’t reserved for financial wizards; it’s a field you can excel in with the proper knowledge.  Let’s unravel these seven myths and set you on the path to more innovative and rewarding investments. 1.  You Need a Financial PhD to Invest in Stocks This is one of the biggest reasons we fear investing in stocks. In reality, investing is about understanding the basics and having the discipline to start. You don’t need a financial advisor to get started; you just need to be willing to learn the basics, develop a strategy, and stick to it.  Investing can be intimidating, especially when bombarded with complex mumbo jumbo and confusing balance sheets . But don’t let that discourage you. By breaking down the basics and learning the fundamentals, you can master the art of inve...

If you haven't read Morgan Housel's book " The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, " you are missing out on an excellent resource for understanding the emotional aspects of money. Using short stories, Housel argues that building wealth is not a hard science but a soft skill that depends on how we behave, much more than the technical side of money. I will share six emotional traps I've learned from the psychology of money and how you can avoid falling into them. psychology-of-money Understand Actual Investment Costs Whether financial or otherwise, every action incurs a price in terms of money, time, or emotions. This is particularly true for investments. Beyond the apparent economic costs of stocks, one must also acknowledge the emotional toll and volatility accompanying financial decision-making. The willingness to endure short-term discomfort can serve as an investment in long-term benefits, aligning with the principle of paying...

One life-changing skill I have learned in finance is handling my finances, identifying my bad money habits, and breaking free from them. Taking on financial literacy is transformative, especially when armed with the guidance of knowledgeable figures in finance, accounting, and investment banking.  This guide will share six detrimental money habits that often hinder financial progress and provide actionable tips to break free from their shackles. money-habits 1. Pay Yourself First One cardinal rule in achieving financial freedom, which I advocate for and credited by Robert Kiyosaki in “Rich Dad Poor Dad,” is to pay yourself first. Instead of adopting the ordinary people’s habit of paying bills first and saving what’s left (if any), embrace the rich people’s habit. Allocate 10% of your income to your savings account when you get paid. This disciplined approach ensures a guaranteed savings routine. This way, you prioritize your financial goals, which will help you build wealth for yo...