The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
  • Books
  • Categories
  • Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
No Result
View All Result
The Money Coach
No Result
View All Result

Investing During COVID-19: Tips from TradeandTravel.com CEO Teri Ijeoma

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Investing
Reading Time: 4 mins read
Share on FacebookShare on TwitterShare on LinkedIn

Teri Ijeoma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine years ago, Teri Ijeoma began trading stocks and investing as a way to supplement her income. However, her success with this method grew, and in 2017 she quit her job and began traveling the world while trading.

She launched a business, TradeandTravel.com and now Teri’s efforts have led to her routinely making $1,000 a day or more by actively investing.

As she traveled, Teri started sharing what she knew with others, which led her to establish her Trade and Travel program. With it, she offers courses for those who want to make active trading a primary source of income.

In late February and early March, COVID-19 shook global stock markets and caused some of the worst stock performance since 1987. Recently, AskTheMoneyCoach.com interviewed Teri about her insights into this new stock market landscape, and how people can still come out on top as an investor.

Below are the biggest takeaways from the interview with Teri Ijeoma, as well as some helpful tips.

Disclaimer: While Teri has a lot of experience with stock market investing, the words below are her personal opinion. Everyone should do their own research and due diligence to be sure they are building the best stock market strategy for their specific situation. 

The Stock Market is Rebounding – Invest Wisely

While the first stock dip after the coronavirus pandemic was a shock, as Teri has found, the stock market is gradually rebounding. As a result, she hasn’t altered her primary strategies and has advised her students that “even though things are bad, the market doesn’t stay down during bad times.” This looks to be the case, as the stock performance of many companies is improving.

However, Teri had some valuable advice for those who want to jump in right now:

“Be mindful that we are coming back towards our highs.” The low stock prices that occurred a week ago are rising. So, Teri advises that individuals who want to buy should avoid high-priced stocks and keep an eye out for lower prices.

This Isn’t Teri’s First Time Dealing with a Volatile Stock Market 

In December 2018, Teri saw a 20 percent drop in U.S. stocks. However, in 2019, the stock market experienced intense growth throughout the year. This reason is why she advises people to be flexible.

“Be patient and let the price come to you,” is advice that has served Teri well as an active trader.

Which Sectors Are Showing the Most Growth and Promise? 

Part of the challenge is picking the right companies and looking at the growth track of sectors as well as individual businesses. Teri’s experience with active trading led her to identify these industries as ones which show the most promise:

  • The gaming industry
  • Technology companies (Facebook, Netflix, Amazon, Google)
  • Payment processors (Square, PayPal, Visa)
  • Car part companies

Teri pointed out that “while these companies may have dropped with the market, their stock value is rising.”

Three Tips for Upgrading Trading from a Side Hustle to a Primary Source of Income 

Teri began this journey as a side hustle. Eventually, she turned this into the primary source of income that has allowed her to travel the world. Here are the three main pillars she uses when advising her Trade and Travel students:

  1. Pick good companies
  2. Have a solid risk management plan
  3. Learn how to read company stock charts

Doing these three things — in combination with learning stock market terminology, using a stock market trader app (she and her students use TradeStation), and keeping an eye on news from sources like CNBC — can help you get started.

The Three Biggest Myths About the Stock Market 

Teri’s work has allowed her to debunk three of the biggest myths associated with investing in the stock market:

Myth #1: It takes a lot of money to invest

Teri has seen individuals get started with as little as $500. She advises starting with what you have. According to her, “even investing $100 a day could generate $2,000 a month.”

Myth #2: Investing is a gamble

This is why the risk management plan is so important. As Teri found, this plan can help you decide on how much you are comfortable with losing in a worst-case scenario. Also, stock market research allows you to calculate risk and reward ahead of time. This preparation can give you the confidence you need to invest successfully and profitably.

Myth #3: Day trading is too time-consuming

As seen by Teri, those newer to active stock market investing may start at four hours a day, but the more comfortable one gets, the less time is required and one can decrease the amount of hours spent on research and charts.

Final Takeaways

Ultimately the goal is to trade on sound knowledge and not feelings. Teri advises that “you have to protect your risk or you will trade on emotion, and emotion doesn’t get you very far.”

The tips above can help you develop a plan to start actively investing and even grow it into a side hustle — or a full time gig, if you so desire.

For more information on Teri’s work, or to learn from a seasoned professional, check out iTradeandTravel.com, where she offers courses and additional resources for those who want to start active trading.

NEXT STEPS

Sign-up for Teri Ijeoma’s Trade and Travel course

Sign-up for Teri Ijeoma’s VIP Investor program

Watch our video: Is Trading Stocks The New Side Hustle Your Missing Out On?

Tags: Teri Ijeoma
Previous Post

COVID 19: How the CARES Act Places Evictions and Foreclosures on Hold for Now – VIDEO

Next Post

Top Questions About Your Stimulus Payment with Answers

Related Articles

Citizenship by investment

Investing in Second Citizenship: Is It a Luxury or a Necessity

by Guest Contributor

Sponsored Content Citizenship by investment (CBI) is becoming increasingly popular among investors in the last couple of decades. The concept of getting citizenship is pretty simple; the investor should make either a single donation to a national fund or purchase real estate in the country.  If successful, dual citizenship offers many benefits including visa-free travel to more than a hundred...

Here’s How to Handle Stock Market Volatility

by Lynnette Khalfani-Cox, The Money Coach

I’m doing a lot of TV interviews on how to handle stock market volatility, depending on your goals and time in the market. Here are my thoughts…

Understanding the Hype About SPACs on This Episode of ‘Make It Make Cents’

by Lynnette Khalfani-Cox, The Money Coach

Throughout much of this year, SPAC IPOs (initial public offerings) have gained steam, with hundreds of companies taking this route to go public.  In the latest episode of “Make It Make Cents”, my YouTube series with Trade and Travel Founder Teri Ijeoma, both Teri and I broke down what SPACs are and why they’re so popular right now. I started with the...

cryptocurrency definitions AskTheMoneyCoach

Cryptocurrency Cheat Sheet: A Glossary of 30 Crypto Terms You Should Know

by Lynnette Khalfani-Cox, The Money Coach

Are you confused about cryptocurrency? Baffled by digital assets? Or just curious to better understand some of the lingo you hear people using when referencing Bitcoin, blockchain or other things related to cryptocurrencies?  Then improve your digital literacy with this cheat sheet. It contains brief definitions for some of the most common terms you’ll encounter in conversations or articles discussing...

A Beginner’s Guide to Understanding and Investing in Cryptocurrency

A Beginner’s Guide to Understanding and Investing in Cryptocurrency

by Lynnette Khalfani-Cox, The Money Coach

Here’s what you need to know before you add bitcoin to your portfolio Even if you don’t follow financial news closely, you’ve likely heard a thing or two about cryptocurrency.  Some countries are establishing it as legal tender, and new coins are popping up more frequently.  At one point in time, digital money seemed like something reserved for tech obsessives.  But major financial...

Bitcoin

5 Reasons I Love Cryptocurrency

by Lynnette Khalfani-Cox, The Money Coach

Digital currency is the key to a more innovative, inclusive finance industry Cyptocurrency has been a fixture in the headlines lately.  From Bitcoin’s record-breaking value (around $67,000 in October 2021) to El Salvador adopting bitcoins as legal tender to Elon Musk popularizing (and then tanking) dogecoin, crypto has moved from fringe online communities to the cultural zeitgeist.  But there’s much more to digital currency...

Load More

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
  • Home
  • Subscribe to Newsletter
  • QR Code

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.