Week 34: So, as I don’t have much to share in terms of my online business update, I thought I’ll give you my 2 cents on the current stock market situation…
Hi, I’m Harry. Welcome to the update of week 34 of my £1 a day challenge. This is where I strive to reach financial freedom, starting from the simple step of making at least £1 a day online.
I share everything I learn with you on what I learn about online business and investing. Hopefully, I can inspire some of you to take up this challenge too. To make money, your concern and take action in your own life to live the life you dream of.
The Stock Market Situation:
So this week, I really didn’t have a lot of time to progress the brand of Money Your Concern. I was solely focused on understanding the current stock market situation. Also, I saw this as a great opportunity to research and analyse potential small cap stocks to buy for great future profit potential.
So, as I don’t have much to share in terms of my online business update, I thought I’ll give you my 2 cents on the current stock market situation.
Here’s the video…
So as you can see from the video, There is some positive news around for the future of our economy. And the share price actions are definitely showing signs of confidence about a potential recovery.
However, there is only so much speculation that can be useful. It is obviously good to understand a situation to see where we may be headed but really, no one can tell the future.
A solid stock market investing strategy relies solely on the fundamentals:
- Look to buy stocks of good companies that are well run, at undervalued prices.
- Then sell when the stock becomes expensive, or no longer seems a good investment.
This is the basic formula you need to follow. Try not to get caught up in the short term speculation of what’s going on, or short- term price actions. Other than to merely understand the stock market situation.
To teach you the basics of a fundamental stock market investing strategy, I have created a playlist on YouTube. It is called Value Investing Basics. Which consists of over an hour of free video content, teaching the 9 basic steps I believe you must learn to be on your way to a good stock market investing strategy.
The rest of the week?
So as mentioned earlier, I had little time left out of each day to make sure I completed the £1 a day challenge goal. This meant I only made the £1 goal on 5 of the 7 days. (obviously, not counting the stock market gains).
I completed these daily goals via completing online surveys on Swagbucks.
It does get tedious a times and there’s definitely better ways to make money online than with Swagbucks. However, as I had nothing to start on at the beginning of this challenge. Swagbucks has been a simple way for me to jump in and start making money online.
And it may benefit you too if you begin the £1 a day challenge with little business experience like me.
If you intend to try out Swagbucks, you may find it useful to go through my referral link. Signing up through here will give you a double up bonus on your earnings, once you reach past a se level within 30 days. I hope that helps you begin on your journey.
Stay tuned with the Money Your Concern YouTube channel, where there are plenty of tips for how to best use your time with Swagbucks. With plenty more videos to come.
Thanks for watching…
I hope I have given you some clarity as to the current stock market situation. And I hope you now see the true benefit of learning a good stock market strategy and sticking by it; regardless of what’s going on in the world.
If you’d like to keep up to date with this £1 a day challenge, you can either do this via the Blog section of this website or via the Money Your Concern YouTube channel.
To learn more about stock market investing, You may also find the Stock Market section useful, here on this website.
Thanks for your attention,
Harry
