In this episode, our guest, Caleb Silver, shares his six golden rules of investing that can guide you through the new year and help you build a successful strategy for your portfolio. From starting early to being tax-smart, these rules are essential for all investors to follow. Rule #1: Start early Caleb emphasizes the significance of starting early in investing. He highlights the power of compounding and the impact of starting young on building wealth. Rule #2: Determine your risk tolerance Understanding your tolerance for drawdowns and market volatility is crucial. Knowing how much risk you can handle before tapping out is key to maintaining a steady investment strategy. Rule #3: Know what you own It's essential to have a thorough understanding of the assets in your portfolio. Whether it's individual stocks, ETFs, or index funds, knowing what you own and understanding their financials is critical. Rule #4: Tame your animal spirits Controlling emotions and impulses when it comes to investing is vital. Caleb emphasizes the significance of having a plan and not giving in to impulsive decisions during market swings. Rule #5: Set it, but don't forget it While some advise against frequently checking your investment accounts, Caleb encourages investors to stay informed about their portfolios. Regularly reviewing and rebalancing your holdings is essential to ensure they align with your current investment goals and market conditions. Rule #6: Be a tax smart investor Understanding the tax implications of your investment decisions is crucial. From tax-loss harvesting to considering tax-advantaged accounts, being tax smart can significantly impact your overall returns. Follow these six golden rules to lay a solid foundation for your investing strategy in 2024. Whether you're a seasoned investor or just starting out, incorporating these principles into your approach can lead to greater financial success. Join us as we delve into Caleb Silver's expert insights on investing and kick-start your year with a sound investment strategy. #Investing #FinancialPlanning #WealthBuilding #StockMarket #TaxSmart #InvestmentStrategy #MarketVolatility #MoneyManagement #WealthManagement #Compounding #EYL #CalebSilver Our Sponsors: * Check out NerdWallet: https://www.nerdwallet.com Support this podcast at — https://redcircle.com/marketmondays/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Welcome to another exciting episode of Market Mondays! In this special edition, we're thrilled to have had the opportunity to speak with Kevin Okyere, a renowned figure in the oil and gas industry, during our live show in Ghana. Join us as we delve into Kevin's inspiring journey, starting from the ground up in the oil and gas sector. He shares his experiences of owning vast areas in the sea, highlighting the unique challenges and triumphs he has faced along the way. Moreover, Kevin provides invaluable insights into the opportunities that lie within Africa, particularly in the energy sector. He discusses the importance of investing in the future and fostering sustainable development. One of the key highlights of our conversation is Kevin's perspective on working with governments. He sheds light on the complexities of navigating this landscape and the importance of building mutually beneficial relationships. Whether you're an aspiring entrepreneur, an investor, or simply interested in the energy sector, this episode offers a wealth of knowledge and inspiration. Don't forget to like, share, and subscribe for more insightful episodes of Market Mondays. Your support helps us bring more such content to you! #MarketMondays #KevinOkyere #OilAndGas #Entrepreneurship #InvestingInAfrica #SustainableEnergy #LiveFromGhana #BusinessInsights Our Sponsors: * Check out NerdWallet: https://www.nerdwallet.com Support this podcast at — https://redcircle.com/marketmondays/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy