Rodney Cannon

Becoming an Online Investor Rodney Cannon

Understanding online investing is a book aimed at the first time onlune investor. A vital investment lesson from the Covid-19 pandemic is that asset allocation is the foundation of investing. Asset allocation means reasonably allocating your investible excess across various asset classes like gold, debt, equity, or even keeping cash in your savings account. Investment Apps have become all the rage lately, and with good reason: As has been noted by many, they make it significantly easier for regular people to invest their money in various stocks, bonds and other financial instruments. That's not to say that these don't come without a cost, as these apps often take relatively high commissions in exchange for the convenience they put at your fingertips. Day Trading Do you aspire to work at the comfort of your home, becoming your boss, and watch profits streaming into your account? Well, becoming a day trader is one way in which you can actualize that dream. What are penny stocks? A penny stock is essentially a company's stock that is trading for under $5 per share. What is a dividend? It is a share of income as well as the retained earnings that a company or business gives to its shareholders. If a company makes a profit and builds up retained income, these earnings might be reinvested in the company or given out as a dividend to the shareholders. What is DRIP investing? The dividends we earn from a company's stock are normally added to our brokerage cash account. However, when we enroll in a company's DRIP program, our cash earned from dividends is reinvested into buying more shares in that company, commission-free. What are REITs? Real estate investment trusts or REITs are corporations that own or finance income-generating real estate across a wide range of properties.