Best Stock Investing Plan (Best Money Management Books)

Best Stock Investing Plan
Stock investing is easier when you're receiving the right information. Getting it from “Wall Street” can be perilous. As a Certified Financial Planner® who owes a fiduciary duty to clients, I’m embarrassed by Wall Street’s behavior.
Don’t Trust Wall Street
Their primary objective is to make more money off you. There’s no higher duty offered or given. Through bloated expense ratios, advisor and account fees, misleading advertising, and more, most crave a bigger slice and nothing else.
So how does a motivated, hard-working person get the help they need to make informed decisions on stock investing? I’m here to help.
Take Control
Given that motivation, I recommend you do your own stock investing. I'll supply you with the unbiased conflict-free information you need regarding your choices. Then you can create customized investment plans using only the best tools, strategies, and accounts available. When I say best, I mean what’s best for you, not for some Wall Street “suit” growing rich off you.
Managing Risk
If you’re not effectively managing your risk, the consequences can be dire, especially during periods of high stock market volatility like we’re currently experiencing.
Risk can never be eliminated from a stock investing plan. It can, however, be managed. My three risk management strategies, implemented with your risk tolerance and time horizon in mind will help you weather even the worst stock market downturns.
High Investing Expenses
Besides managing risk, trust me when I say that keeping your investing expenses low is fundamental to your stock investing success. It’s my number one (of five) tenets of successful stock investing. So how much are you paying? Too much if you’ve got fees for trades, loads, or the dreaded 12b-1 charge.
Check the expense ratios of any funds in which you’re investing. It should start with “.0,” like in .04% or .08%. What if it’s missing that zero, as in .4% or .8%? Or worse, what if it’s got numbers to the left of the decimal point, like 1.5% or higher? You’ll be surprised how much that extra expense robs you.
Find Your Best Roth
Are you investing in the correct accounts? For longer-term goals like financial independence, retirement, and education, you’ve got to go all in on tax-advantaged accounts. I prefer the ones with a Roth option, given a future of higher taxes, inflation, and global uncertainty.
Tax-advantaged accounts help you realize a higher after-tax return, which means you’ll reach that financial goal sooner. Many have features that give you an even bigger advantage, some of which you may not be aware of. Invest in a regular taxable account too: Just be sure you’re optimizing your stock investing mix and not paying too much in taxes.
Be Your Own Best Money Manager
I hope you’re receiving the right information. Unfortunately, it’s been my experience that you’re probably not. Exceptions do exist. There are a handful of investment firms, financial planners, and investment advisors that provide excellent stock investing products and guidance at a fair price, but they’re few and far between.
As you get to know me better through my writing, I hope you’ll begin to trust what I have to say about stock investing over what Wall Street preaches. Your financial future depends on it. Become your own best money manager and create a stock investing plan that will make incredible positive differences in your life and the ones you love. When saved and invested properly with a purpose, money can do that.