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Monday, 7 January 2019

Make Extra Money Online By Investing Across All Markets



A powerful way to make extra money online is to put your money to work for you. A lot of people still think of investing as something complicated and risky. But, thanks to advancements in technology, it’s simpler and more accessible than ever.

The Robinhood app lets you quickly invest in stocks, EFTs, options, and Cryptocurrency. For stocks, look for index funds as they provide the broadest and most diverse range across a market. For example, the S&P 500 will give you shares of the 500 largest companies in the US.

To diversify further, you can buy slices of international companies as well. Or if you want to get involved in more active trading, you can use a tool like FOREX for global trading opportunities.

Pete Adeney, aka Mr. Money Mustache, is one of the most popular financial bloggers on the internet. Besides his funny anecdotes and the use of swear words, the reason for this was simple. He and his wife both retired after only seven years in the workforce thanks to a little bit of frugality and a whole lot of investing.

If you want to make a lot of money investing, look it as a long-term strategy and don’t freak out over short-term market fluctuations. Just use dollar-cost averaging and buy a broad range of stocks that will help shelter you from any downturns (such as the index funds we discussed.) Then you won’t need to waste your own precious time, money, and energy trying to outsmart the market.

To be even more successful, opt for a service that lets you manage your investments instead of paying someone else a management fee.

You can take some time learning the tricks of the trade such as portfolio rebalancing and tax loss harvesting. These tactics help you make just as much money without having to hand someone else a chunk of it.

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