August Blog Challenge

(photo by Micheile Henderson on Unsplash)

It’s August 1st. And that means it’s time for another Ultimate Blog Challenge. If interested in participating as a blogger, here is a link to Paul Taubman’s website: https://ultimateblogchallenge.com Give it a try!

In the last challenge during May 2021, I chose to write about healthy habits that you can apply to your own life utilizing small steps over time.  I’m going to change things up this time around. My focus for this challenge will be on the stock market, personal finance, and other random topics of interest.

Whether you handle your investments and personal finances on your own, or you delegate these responsibilities to someone else, it is important to have an understanding of these topics so that you can make educated decisions on your financial situation that move you towards your financial goals.

The pandemic has put many individuals at risk financially, while others have thrived.

Those hurting may have lost jobs as certain businesses struggled to remain afloat during lockdown. And starting today, renters who have struggled to keep up with rent payments may be at risk at losing their apartments as the eviction moratorium deadline has just passed without the Federal government voting last Friday to extend this timeframe.

Those thriving financially may have had a steady job throughout the pandemic. And as the stock market has steadily moved higher and higher throughout lockdown after its initial drop, those who kept long positions in the market have done well.

The stock market is at or near all-time highs.  No one knows which way the market will go. I personally thought the market was over-bought a few years ago. If you have invested long in stocks during the pandemic, it has been easy money. And perhaps that will continue. However, at some point, volatility will return. And when it does, investors will need to be more selective on the investments that they make.

My goal for this blog challenge is to increase my knowledge of the markets and personal finance topics in order to become a better stock investor. If I can explain complex subject matter in easy to understand language, then you and I can both benefit.

Now for the usual disclaimers. I am not a professional stock trader, nor do I have any professional trading licenses.  I only trade stocks for myself as a personal investor. And while I do have a CPA license (currently in inactive status), these blogging topics are not my area of expertise. Thus, please consult with your own stock broker or accountant for guidance.

If you have any personal finance topics that you’d like me to write about, please let me know in the comment section below.

I look forward to researching and sharing these topics with you during this month. I hope that you get something beneficial out of it in order to reach your own financial goals, and to thrive.