Allow me to introduce myself. I am a public school teacher interested in learning about and profiting from investment ideas around the world. I am not an investment professional and have no professional training or ties to the investment management world. I am a young (mid-twenties), precociously middle-class investor who simply wants to maximize his income stream.
My goals for income maximization are simple. Wages are stagnant (especially in education). The cost of living ticks upward at an average of 2% a year. There is proportionally less money being handed out in the great job lottery, so I need to make each nickel and dime sing as they lay golden eggs. It's really the only way I personally to both work a job I love (teaching) while also having a prosperous future. Also, being rich would be a nice thing.
I think investment blogs and information sources suffer from a bad reputation. There are hordes of smooth-talking "entrepreneurs" seeking to "make your best now" and lead you to the Promised Land of Easy Money and Sweet Living. That is not what I'm doing here. I'm not selling an investment strategy, a book, a "financial freedom" seminar or anything of the sort. I'm genuinely trying to figure out how to best invest my money in the 21st century to fund my retirement account, to build lifetime opportunities for myself, and because I am simply interested in investment and the stock market.
I named this blog "21st Midas" because I would love to become the 21st century's King Midas. According to legend or history, Midas was the King of an ancient Greek kingdom. Everything he touched turned to gold. Unfortunately, he had an unfortunate run-in with his beloved daughter, who was instantly turned to gold as well. I'm hoping to learn how to make money like Midas without the family troubles. This blog is my saying to sharing anything I find with the wider public. I do not receive any financial remuneration except Adsense traffic (if and when I enable that).
Also, call me paranoid but I want to make a final disclaimer that nothing on this blog is a recommendation to buy, sell, manipulate or otherwise interact with any investment strategy, equity, contract or financial vehicle. I am not an investment advisor and should not be treated like one. I will be reviewing investment strategies, investment websites, investment techniques, even individual stocks. I do not condone or support anything I talk about in this blog. I am trying to be as neutral as possible, but even when I am not it is the buyer's due diligence that wins the day. After all, I am a newbie at this.
I am starting first with the very basics. When I started almost ten months ago, I had no clue how to even open a brokerage account. I am going to review the types of accounts currently available, proceed to some investment strategies and then generally update the world on my investment success (or lack thereof). Come and go as you please. This will probably be a multi-year project and I hope to create a discussion forum on investment topics.
If you have a thought, suggestion, comment or question, feel free to leave it in the comments section. I do ask that any hateful speech be kept out and please, please keep politics out of the comments. Ordinary people are not able to influence the operations of governments and presidents and financial executives. I do not look for a magic genie from any of them, so please don't get mad when they inevitably let us down. Democrat, Republican, libertarian, communist or whatever you call yourself, let's be civil and not blame others for our own lack of options.
My goals for income maximization are simple. Wages are stagnant (especially in education). The cost of living ticks upward at an average of 2% a year. There is proportionally less money being handed out in the great job lottery, so I need to make each nickel and dime sing as they lay golden eggs. It's really the only way I personally to both work a job I love (teaching) while also having a prosperous future. Also, being rich would be a nice thing.
I think investment blogs and information sources suffer from a bad reputation. There are hordes of smooth-talking "entrepreneurs" seeking to "make your best now" and lead you to the Promised Land of Easy Money and Sweet Living. That is not what I'm doing here. I'm not selling an investment strategy, a book, a "financial freedom" seminar or anything of the sort. I'm genuinely trying to figure out how to best invest my money in the 21st century to fund my retirement account, to build lifetime opportunities for myself, and because I am simply interested in investment and the stock market.
I named this blog "21st Midas" because I would love to become the 21st century's King Midas. According to legend or history, Midas was the King of an ancient Greek kingdom. Everything he touched turned to gold. Unfortunately, he had an unfortunate run-in with his beloved daughter, who was instantly turned to gold as well. I'm hoping to learn how to make money like Midas without the family troubles. This blog is my saying to sharing anything I find with the wider public. I do not receive any financial remuneration except Adsense traffic (if and when I enable that).
Also, call me paranoid but I want to make a final disclaimer that nothing on this blog is a recommendation to buy, sell, manipulate or otherwise interact with any investment strategy, equity, contract or financial vehicle. I am not an investment advisor and should not be treated like one. I will be reviewing investment strategies, investment websites, investment techniques, even individual stocks. I do not condone or support anything I talk about in this blog. I am trying to be as neutral as possible, but even when I am not it is the buyer's due diligence that wins the day. After all, I am a newbie at this.
I am starting first with the very basics. When I started almost ten months ago, I had no clue how to even open a brokerage account. I am going to review the types of accounts currently available, proceed to some investment strategies and then generally update the world on my investment success (or lack thereof). Come and go as you please. This will probably be a multi-year project and I hope to create a discussion forum on investment topics.
If you have a thought, suggestion, comment or question, feel free to leave it in the comments section. I do ask that any hateful speech be kept out and please, please keep politics out of the comments. Ordinary people are not able to influence the operations of governments and presidents and financial executives. I do not look for a magic genie from any of them, so please don't get mad when they inevitably let us down. Democrat, Republican, libertarian, communist or whatever you call yourself, let's be civil and not blame others for our own lack of options.
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