Some of the largest and most frequent purchases made by Americans during the pandemic has been home renovations and additions.
More time spent social distancing and working from home has created an increased demand for sprucing up your space.
And in many situations, building out a home office creates a significant tax advantage.
But if you’ve ever made an addition to your home, you know that it can be a nightmare — if you don’t plan properly.
… And it’s the same with trading.
First things first: make sure you have the budget for the project.
Running out of funds halfway through would be a disaster.
Although it’s imperative to get the approval of your HOA before you start your project, if your spouse or significant other doesn’t give their approval first, angry HOA letters are the least of your worries.
You might find yourself looking for a new place altogether.
Next, you need an experienced architect to draw up blueprints and plot a safe demolition and buildout.
You don’t want to take out a load-bearing wall by accident.
That’s a dangerous and pricey mistake.
Once these things are in place, you need a licensed, bonded and insured contractor and crew to actually do the work.
At the end of the process, hopefully you’ll have a new addition that you can enjoy for years to come.
Investing well requires a similar level of planning.
As far as the budget goes, never invest more than you can afford to lose.
Next, you identify your target company and conduct your research to qualify the trade.
Trading blindly can be as dangerous as accidentally taking out that support beam in your basement.
Once you’ve done your research, you need to plot your entry and exit points, as well as your stop.
Then, you buy your shares or your options.
If you’ve done your due diligence, your odds of executing a successful trade improve significantly.
My first successful trade was purchasing Microsoft when I was just 12 years old.
I’ve had countless successful trades since.
I’ve also spent years honing my strategy.
Consider me your architect and experienced builder all rolled into one.
I can help you build a successful trading strategy brick by brick.
If you want to learn more about my proven methodology, just click the link below.
Investing in a solid trading strategy could give you the budget for your next dream renovation.