It refers to any involvement in income generating opportunities through buying and selling of goods and services. Nor am I the only one. Let’s face it – many (probably most) people in their early 20’s are not really improving their lives. Nor are they entirely to blame, for many of them are simply not being given strong opportunities to improve, particularly in this economy. Most entry-level jobs available to new college graduates simply don’t provide great career opportunities for advancement and development. An economics Phd at least gives you the chance for an excellent career.
Soon, I found out that if I have a certain amount in the account, I only have to pay $9.95 per transaction. We got that money so I put this in. I could have gone to other discount brokerages but my risk tolerance can’t handle that so I stayed in our bank. After putting the amount required, I cut the fees in half. I tried to keep the technical part as simple as possible as I don’t have a mass of money and we only put up what we can afford to lose. No mortgage-the-house in this approach. In some of the early years I could only show (small) losses but this was my learning fee, and I kept on swimming. I could use my losses to offset some capital gains in the future so I just kept reporting the losses.