I work very hard. My Money works hard.
You probably also work hard. But does your money work for you as hard you would like?
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MyMoneyWorks is an educational web site that provides its members with tools and services to help them become better investors and improve their financial wellness.
90% of the German population does not own equity (shares), and 0% of the German population learned how to invest their money at school. So if you don’t know where to start, you are not alone.
What is the performance of your equity portfolio over the last 10 years? If you don’t know, then it is time to check. And how did your benchmark perform during the same period? If you don’t have a benchmark, then you have a problem and it is time to act.
If you are an expert, then you probably have been investing in the stock market for 10 years or more, and your 10-year portfolio return should be around 100%. As your portfolio grows, the key issue for you is how to beat your benchmark, and better manage your risk exposure. When is the next ‘bear’ coming?
If you find education expensive, try ignorance
There are as many portfolios as there are people and the first step is always the hardest
You need tools that your bank will never provide
Complement your own experience with the learnings of other members
The greatest risk is to take no risk
If you don’t measure it, you can’t manage it
Being average is just great, and above average risky
If your portfolio performance is below average, it is time to fix it
Those who fail to learn from the past are doomed to repeat it
Prediction is very difficult, especially if it’s about the future. But simulations are possible
Let your portfolio do the hard work and MyMoneyWorks inform you when needed
Plug the holes in your pension, reimburse your mortgage early, and buy yourself a better life