I learned about REITs today. I look forward to learning more about REITs and investing in them in the future as they offer automatic diversification. I found REITs to be a good investment option for those who did not have the capital to directly invest in real estate. Also, REITs are a good way to gain exposure to real estate with hands-on management.
I explored different sections of the Techie Youth website and finished up the FOREX trading chapter. I learned about the risks of FOREX trading, scams that I should be aware of, good FOREX trading apps available, strategies, new vocabulary, ad ways to get started with FOREX. I found the app trading game to be especially useful when starting out with FOREX because of the tutorial modules. Once I finished learning about FOREX, I started the music production section and found it quite interesting. I have always wondered how artists that are not too well-known make money and I was able to learn about this today. I plan on working on other chapters within the stocks and cryptocurrency sections now.
Today, I learned about the specific ways to read stock charts to make better-informed investment decisions. I am getting more interested in investing in the stock market as I learn more. The techie youth lesson on stocks, cryptocurrency, and other virtual investments are incredibly useful in helping me understand ideas that I had never even heard about before. For instance, I was always worried about starting investing due to the complex jargon and visuals (stock charts, analysis reports, etc) associated with investing. Although, as I continue to learn more I am becoming more and more confident in my ability to invest in the stock market. My techie youth today was focused on different components of a stock chart such as trends, volumes, support, resistance, dividends, stock splits, and more. I look forward to learning more and becoming a successful investor.
I finished the stock fundamentals unit today and look to start working on the trading stocks unit. It was useful going through the stock fundamentals and learning new topics that I had never heard of before. Stocks, cryptocurrency, and other online investments have always interested me but I have never known how to get started. I finally feel like I understand and am on the right path toward financial freedom as I learn more and am able to understand everything properly. For instance, stock orders, types of stocks, and stock trading strategies were unknown to me before this lesson. Although, now I am able to understand each of these ideas and apply them to my own investment journey.
Today I reviewed key stock market terms via sites like Techie Youth, Quizlet, Investopedia, Balance, and many more. I believe it is crucial to have a general understanding of the basics of the stock market before jumping straight to investing. Today's lesson helped me familiarize myself with the important vocabulary used by investors. One of my favorite activities today was learning about the 13 primary stock orders. I did not know about a concept called stock orders before today and believed that the stock market functioned as a market order for all buyers and sellers. However, it was helpful learning about the different stock orders as I now look forward to utilizing limit orders in the future.
I learned about the steps I need to take to begin investing in the stock market. I also explored the different investment options that are available to me. For instance, while stocks are risker investments with a larger chance of reward, mutual funds and ETFs are generally safer as they offer automatic portfolio diversification. While looking through the different websites linked, I found NerdWallet and Investopedia to be good resources to continue my investing research. I expressed earlier that beginning to invest in one of my financial goals and I am happy to be making progress toward reaching this goal.
Today I started the entrepreneur unit and learned about investing in the stock market. For instance, I learned about common v.s. preferred stocks, mitigating risk, and how to get started. Another investment type that I learned about is cryptocurrency. In recent years, I have heard a lot about the rise of cryptocurrency and have since been curious about how I could start investing in crypto as well. Because of today's lesson, I will start researching different brokerage firms to help me get started with investing.
I worked on the Lifestyle course today. Through the links and videos in each section, I was able to gain important skills to ensure that I am living healthy and taking care of myself. For instance, the Ted Talks were most influential in motivating me to start taking advantage of the resources I have available to be hyperproductive, stop wasting time, and address my physical and mental health. Because of today's learnings, I will work on taking advantage of all the downtime that I have by doing something productive.
Today I learned the different ways to get paid as individuals and businesses. For instance, some ways to get paid include via direct deposit (checking account), cryptocurrency (virtual wallets), cash, and more options. I read the articles and videos attached in the "how to get paid" section to learn the specfics of getting paid through each of these options.