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As a member of the personal finance community, I’m amazed at how many people are a part of it. Unfortunately that often means that I can’t always keep up with everyone. It’s a shame because there are some wonderful bloggers with their stories and advice on handling finances responsibly and with fun.
To counteract that and get the word out on other bloggers, I’ve started the Sunday Blogger series. It’s my hope that you’ll discover some new voices in the series.
Today's interview is with Doctor Stock from Invest in the Markets.
Invest in the Markets Interview
Why did you start Invest in the Markets?
Invest in the Markets was started for the average investor… the person who has an interest in investing, but may not have the education or the time to invest on their own. I watched and listened to friends and family express their frustrations with their “professional” advisors who were coaching them to hold on…even invest more, during the downturn of 2007-2008. Many people lost 30%+ of their portfolios and in some cases, they still have not recovered. I decided to share some alternative ideas… so I attempt to provide investment articles to educate and inspire readers to invest on their own. I also remain open to emails and encourage dialogue… by responding personally to each and every question or comment I receive. Ultimately, my goals are to help investors protect their capital, minimize their risk, and maximize their returns.
How long have you been blogging?
I have been “blogging” for approximately 1.5 years on and off… but it is only in the past several months that I decided to make this more than a hobby and commit myself to like I would a new business.
What are some of your favorite posts to write for Invest in the Markets?
When I sit down to write, I try to answer the question: What would benefit my readers the most? After all, I write for them… not myself. Here's some of the articles I've written recently that I'm most proud of due to the way it has helped investors:
- Financial Divorce or Separation – While I'm sympathetic toward the buy-and-hold strategy, I encourage investors to consider a separation from their positions when the stock turns down, not necessarily a divorce. Readers have told me how much this has saved them… and still allowed them to reenter the relationship with the stock at a later date.
- Chasing a Losing Stock – Investors get attached to their stocks… because to sell for some means they made a wrong purchase. No one likes to be wrong. Yet, it's critical not to chase a losing stock… unless you're prepared to lose even more. I'm always proud of when I can encourage capital preservation.
- Evaluating the Market's Momentum before it's Too Late – This simple article helps the average investor, with little education, figure out the market's direction. I'm please so many average investors found this simple to understand.
- Food and Beverage Stock Series – On occasion, I compose a series. This recent one was not only informative, but it also was entertaining for the individual who has little interest in the stock market.
How do you handle your own finances? Do you have a formal budget or a more informal system?
I have an informal budget system. I've used a formal budget in the past, but I'm quite frugal, so spending is not really an issue for me. I tend to be a saver. What I do find valuable is keeping all my receipts and entering them once a month into a spreadsheet to see where I'm spending my money.
What’s the biggest financial mistake you’ve ever made? What did you learn from it?
The biggest financial mistake I ever made was investing in wheat futures on the whim and advice of a friend. I lost several thousand from my own carelessness of listening to a “tip.”
What are your goals this year with the site?
My goals this year with Invest in the Markets are:
- To broaden my relationships with potential or current investors, serving them in whatever way I am able to do so.
- To revamp my website to include a top 10 stock list, a beginners' section, and other helpful resources.
- To increase subscribers to my Weekly Newsletter and help them be successful investors.
- To generate a true dialogue for new investors to feel comfortable learning how to make money in the markets each week.
Joining the Sunday Blogger Series
If you’re interesting in being interviewed as part of the Sunday Blogger series, I have a few requirements.
- You’ve been blogging for 3 months.
- You’ve publish genuine content. I want to connect to genuine bloggers, not linking to a spam site. I review all the sites before sending out interview questions to make sure you've been a regularly creating content.
- You’re willingly to promote other bloggers in the series. I don’t expect you to tweet ever interview, but I would like interviewees to spread the word on their favorite bloggers. By the way, I don’t want others to just promote the posts, please share posts from your favorite interviews. They are some wonderful bloggers out there.