Saturday, November 9, 2019

How to spot my own weakness and then work on improvements?

Nov. 9, 2019

Introduction


It is my personal finance research. I like to continue to search my weakness, and then work on improvement.

My weakness


I found out that I should work hard to learn how to invest on equity fund in 2019. I have USA IRA fund over $20,000 dollars near 20 years, and 401 K over $6,000 over 10 years. I have to learn that it is my job to learn how to double those money every 7 years.

It is my long term goal to learn all those index funds, individual stocks. I can not let go 20 year, and I only make $5,000 interest with lowest interest 1.2%.

I am 53 years old. It is easy to get stubborn, and it is so hard for me to learn personal finance, and learn the importance to be frugal first. So I can learn that I have to push myself to learn to invest on equity market.

Risk is hard to manage. I have to push myself to learn the basics. Invest 100 hours, continue to learn until I can understand and communicate financial literacy.

References:

1. Par tech 401 K, here are blogs.
2. IRA, IRA CD, VIGRX index fund 2001, here are blogs.
3. Buy high sell low, here are blogs.

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