Here are Step by Step Guidelines on How to Invest in 2020 and begin Investing and Becoming Rich! Enjoy! Add me on Instagram/Snapchat: Drmbardi

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Here is how you can do it too:

We are now in the longest Bull market in HISTORY, which started in March of 2009 has been almost 11 YEARS of consistent, year after year growth with a total return of about 472%.

A lot of investors specially NEWER investors FORGET that markets go down, and not everything will consistently go up in value. They’re investing with the mentality that the stock market will progressively and automatically increase year after year, and they’ve never experienced a time where the markets drop. This is a dangerous combination, where it’s easy for people to get ahead of themselves and potentially get caught in a situation where they over-invest and have NO IDEA what to do during a Bear market when they lose money.

Who knows when it will happen, it could be tomorrow, or it could be in another 10 years but, it’s important you set yourself up in a good position NOW so when it DOES happen, you will be ok.

FIRST, think to yourself: if your investments dropped 20-40% WOULD YOU BE OK? If this is something that would DRAMATICALLY worry you, get you so fearful about losing money, and cause you to sell everything as a way to preserve your capital then you really need to reconsider how much you’re investing, and try to spread out your risk as much as you can.

SECOND, have a LONG TERM outlook on your investments. Nobody knows what will happen over the next few years but, HISTORICALLY, since the inception of the stock market, a 20-year holding period has never ONCE produced a negative result.

THIRD, it’s also important to keep an emergency fund worth 3-6 months of your expenses. This is your safety net in case the stock market crashes, you lose your job, and the entire economy sinks into an endless pit, at least you have 3-6 months worth of savings to hold you through until you find another job, or re-adjust your lifestyle to be able to save a little more money.

FOURTH, I highly suggest you pay down any high interest rate or variable interest rate debt NOW, while the going is good. That means any credit card debt, any personal loans, or any short term mortgages should be paid off as much as you can. I’m just a believer that you should make hay while the sun is shining and when the going is good, NOW is your time to put yourself in the best financial position possible.

FIFTH, since this video is about How To Invest in 2020 here’s my overall advice, and exactly what to do, regardless of what happens in the market:

First, look into maxing out your retirement accounts:
I recommend most people begin by maxing out what’s called a Roth IRA and contributing to a 401K, as well.

Second, in terms of WHAT to invest in the choice is really yours. But, I like Index Funds. This is a broad investment that tracks the overall market so, if the entire market does well so do you.

If you want to invest in individual stocks LIKE TESLA be my guest. But understand that doing this is MUCH riskier.

Third, do all of this consistently. Investing is NOT meant to be a one-and-done approach you’re meant to invest a consistent amount, every month or every year, without skipping a beat and doing that allows you to buy in to the lowest lows, and the highest highs, and average out your buy-in long term.

I am not a CPA, attorney, insurance, or financial adviser and the information in this videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. If stocks or companies are mentioned, I May have an ownership interest in them - DO NOT make buying or selling decisions based on my videos alone. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial adviser. Linked items may create a financial benefit for Moneywithmike®.

Some of the card links and other products that appear on this video are from companies which Moneywithmike® will earn an affiliate commission or referral bonus.

For business or one-on-one consulting inquiries, you can reach me at: Moneywithmikebardi@gmail.com

Suggested reading:
The Millionaire Real Estate Agent
Your money or your life
The Millionaire Real Estate Investor
How to Win Friends and Influence People
Think and grow rich
Awaken the giant within
The Book on Rental Property Investing

#investing #whattoinvestin2020 #howtoinvest