Growing up as a kid I have always been fascinated with business and the finance world at large but never really understood how it all worked. It seemed so empowering to be a business owner while simultaneously being your own boss. The pure drive and effort it must take to create a successful business from the ground up is quite inspiring and something that every owner should be proud of. Even though most business ventures fail it still takes guts to go for it knowing that statistically you’re most likely not going to succeed but your gut tells you that you’re going to make it anyway.
Throughout my studies of economics as an undergrad and earning my master’s in accounting it was quite apparent to me that building a business was not in the cards for me. However, just because building a business is not one of my ambitions that doesn’t mean I couldn’t be a business owner. That is where the beauty of the stock market comes in to play. By purchasing a single piece of stock in a company absolutely anyone could be a shareholder and own a tiny sliver of a business that is publicly traded. There is obviously risk involved when you decide to become a stockholder but how invigorating is it knowing that you get a piece of the pie and can vote on company matters no matter how small your investment may be.
Thus, the reason why I am here writing to you and what this is all about. The information about financial empowerment and investing is ubiquitous on social media and I am all for it. There are plenty of influencers using their platforms telling you to open Roth IRAs, brokerage accounts, 401ks, 403bs, start investing in real estate, complete 1031 exchanges and every other investment strategy possible. I am not here to talk about that, I am going to use this as an outlet for me to talk about stocks and companies overall. I might throw in a post sporadically about some behavioral finance topic or economics that I find fascinating but I’m mainly going to talk about what I have found myself obsessing over the past few years, which has been the buying and selling of stocks.
Being a millennial born in ’94 it has been quite eye opening witnessing the numerous financial crashes over the past 27 years alone. The dotcom bubble in 2000, the great recession of 2008 where both the housing market and stock market took a dive, and the huge fall of stocks from the Coronavirus back in March 2020. Even with all these crashes in a relatively short amount of time America keeps pushing on and businesses continue to adapt and grow. The fear of crashes or failing shouldn’t hold you back from investing. Scared money doesn’t make money. If you find yourself wondering why politicians keep saying the wealth gap continues to grow its because a lot of that wealth is invested in the stock market and it keeps moving onward. It’s never too late to get in the game.
Now, to be clear this is NOT financial advice. It may seem boring to most, but I simply enjoy reviewing companies and seeing if they are worthwhile to invest in. I am going to say that it might be a good stock to buy or it might not, this is solely going to be my opinion. I truly love talking about finance and stocks and this is an outlet for me to put my thoughts out there. Deciding what you want to buy or not buy is up to.