Tag Archives: finance

Investopedia

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Investopedia is a website that provides financial advice about stocks. There are countless sources that teach you how to invest. Also, you can look to Investopedia for information about how stocks are doing, as it shows if they are falling or rising. 

However, all of these aside, my favorite resource on Investopedia is the Stock Simulator. This feature allows users to “purchase” fake stocks with virtual money. This way, beginners along with more advanced stock owners can experience the stock market without having to risk their own money. 

In order to play this Stock Simulator, you only need to create an account with Investopedia. After you get that taken care of, the website is free to access. To start off, you are given 100,000 dollars (buying power) to purchase whichever stocks you would like. But, don’t worry, Investopedia also shows you if a stock’s value is projected to increase or decrease, and whether you should buy or sell the stock. Fortunately, Investopedia provides this type of help on purchasing stocks, so you can choose the right stocks to virtually invest in on the website. 

Some stocks that I have found to be successful on Investopedia and in the Stock Market recently (as of November 2022) are the Goldman Sachs Group Incorporation share and the stock of Costco Wholesale Corporation. 

If you’re interested in purchasing a share in a stock in real life, I highly suggest you try Investopedia first to research a bit about it. You can learn how to manage your stock as well as how to choose stocks wisely. Also, purchasing the stock in Investopedia before you buy in real life can help show you the patterns of that stock. Enjoy trading stocks on Investopedia! 

Launch by Jeff Walker

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launch_jeffwalkerWhen an Internet millionaire promises you the “secret formula to sell almost anything online, build a business you love, and live the life of your dreams,” how do you approach it?

With a very skeptical mind.

However, when I began reading Jeff Walker’s book Launch, I pushed away my doubts to try and learn a thing or two about online businesses.

To begin, Jeff Walker was a stay-at-home dad who created a successful online business using a technique he calls the Product Launch Formula. After discovering that his method was relatively unused by the rest of the business world, he began releasing training courses and books on how to emulate his success. According to Walker, the Product Launch Formula has been used by his students in a variety of different markets, from stock trading to dog agility training.

Essentially, the Product Launch Formula involves building an email list of people interested in your product, creating a close relationship with those people, and then building up anticipation to your product launch. Although I can’t personally testify to the formula, I think the book itself is very well written. Jeff Walker markets himself as someone who understands and relates to struggling entrepreneur, and not just some marketing god bestowing his eternal wisdom upon us peasants. When explaining any concept, Walker always provides at least one real-world example he’s encountered, often his peers’ success stories. Right in the beginning, he talks about a man who used PLF to sell over 600 copies of a board game using his technique.

The one change this book needs is more specifics to each step. Sometimes the success stories presented became repetitive. I would often finish the page knowing that the PLF model can work, but without knowledge of how to start. I’m sure he offers meticulous details in his online courses, but I won’t be paying thousands of dollars for those anytime soon.

For any budding entrepreneur out there, this book is a glimpse into one man’s road in online businesses. Even if Jeff Walker’s Product Launch Formula isn’t for your business, it might help you build your business knowledge for the future.

-Phillip X.