Is your portfolio ready for a refresh?
You may have heard us talk about your “80% money” and your “20% money.” What’s that about?!
Your “80% money” represents your long-term, retirement-type funds. You want to be safer with that. You want it to be more diversified.
Your “20% money” is your short term trading. The money you use to get into and out of trades more often.
The goal is that eventually you have 20% of your total money in your trading account so that you can actively grow it.
But when you’re just starting out we advocate that you start out with something we call “small money trading.” And for most people, that’s about $500, $1,500, maybe up to $5,000 if you have a lot of money to your name. It needs to be an amount that won’t “hurt” if you were to lose it all…look at it as practice.
We want you to use the skillsets that you learn at TRADEway to see if you can double or triple that small amount of money.
Now if you go out to tradeway.com/memberships you’ll see TraderPRO. And if you check that out, that will take you from the basics all the way out to advanced combination options strategies. You’re gonna have enough tools in your toolbag there to handle any stage in the market.
There’s even a third category that we recommend you invest your money in. Want to know what that is? Listen to the episode now to find out!
P.S. Does preparing for retirement keep you up at night? Let us help! In this free ebook, “5 Essential Steps to a Well-Funded Retirement”, you’ll learn…
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How to save
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How to potentially make up for lost time
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How to fight inflation
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How to create investment strategies to help protect against recessions
Download the free guide: https://www.tradeway.com/retirement
