A few weeks ago there was a meeting of the Federal Government (FRB- Federal Reserve Board) which revealed interest rates were going to be hiked.

What does this mean?

Inflation is still out of control and is currently standing at 4% (although last year it was 8%). The cost of goods may still increase and generally day to day costs will continue to rise.

The Labor Market is still hot (created close to 400k jobs in the private sector). Job cuts are happening, large companies are laying people off rather than cutting into their profits.

This is why, being in a capitalist society in the US, it’s important to be taking calculated risks so we can benefit. Especially if you’re a reader, you’re going to benefit right now as you need to be doing your research and keeping up to date. 

Here’s what I do every day to keep up to date with what’s going on and how I invest everyday as a day trader:

My morning routine:

• When I wake up I open Yahoo and CNBC Finance News and read about the companies I invest in.
• Every time there is global news or something happening in the domestic market, the stock market is affected so I must stay up to date.

Currently Microsoft (MSFT) is trying to acquire Activision Blizzard (the creators of some of the biggest games like Candy Crush) and is in a long battle with Sony over it. If Microsoft acquires this software it’ll overrun Sony and other companies out of the market. The FTC (Federal Trade Commission) are trying to stop Microsoft from acquiring Activision Blizzard with a deadline of July 15th, 2023. By knowing this news I keep my hand on the pulse of the stock market and this is how day traders make money.

(Update on the Activision Blizzard acquisition as of July 12th, 2023: A federal judge has ruled that Microsoft can close its $75 billion deal to buy video game publisher Activision Blizzard).

If you’re following a few powerful companies and read about them every single day and look at their trend (how they’ve been performing financially over 6 months), what their quarterly fiscal report is, then you can be a day trader.

As women it’s hard for us to get into the mindset of investing. You’ll likely come across resistance from the people around you due to the fear of the unknown. But just because it’s new to you, it doesn’t mean it’s a scam. Women are emotional spenders and programmed to earn less than men. 

If you’re buying something that’s over $100, ask yourself:

• Is this going to be an asset for me?
• Is it going to pay itself off?
• Is it going to be an investment?
• Is it going to benefit me?

Investing in yourself is the best thing! Tangible purchases are liabilities. They’re not an asset to you. Learn investing and financial literacy and no one can take it away from you.

Regardless of where you are in your journey, know that you can do it if you’re willing to learn and read and gain experience. I had no experience with investing and the stock market when I started. And when you’ve grown your wealth through investing and have money, you’re going to grow opportunities and be more helpful to people around you. Be the beacon of light for other women and share this message with other people. The economy and financial structure of the US favors people who’re investors.