This 27-year-old former stock trader is on track to earn $1 million this year—here's her investing mindset

  • 📰 CNBC
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

This 27-year-old former stock trader is on track to earn $1 million this year—here's her investing mindset. (via CNBCMakeIt)

before she began investing. Two, she wanted to do a lot of research in companies and funds where she felt her money could grow.

"I'm very cautious," she says. "I have to have the statistics, data and information that help me make an informed decision before I invest.""I refuse to spend money on crypto," Simmons says. "I do believe a digital currency will be permanent and it will stay within our infrastructure. But right now it is highly speculative for me."

Simmons believes cryptocurrency will become centralized eventually, but she doesn't think it will be bitcoin or ether. "I think it'll be a new one entirely," at which point, "yes, of course I will put my money into that new digital currency." Financial experts say cryptocurrency is a risky and speculative investment and that you should only put in what you can afford to lose.Beyond the market, Simmons invests in several women- and Black-owned start-ups in tech and beauty. When backing a business, she looks for a good product, of course — but even more so, she's looking for a strong founder.

"I have the same mindset. Do I believe in the potential of this person to be able to grow their company where they say they're going to go, as well as believe in the product?"who don't have the same access to capital as white men. In doing so, Simmons hopes to "pay it forward" for underrepresented individuals who are "going to be history-makers in the future."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt “Mindset”

MakeIt Organized Prostitution?

MakeIt Mis idolas

MakeIt by being a youtub er. Being an influencer is what pays the bills! Can't knock her.

MakeIt WE MUST ECONOMICALLY STRANGLE & ISOLATE ALL RUSSIANS so they feel the pain of their MADMANS ACTIONS. No trade, no tourism, no banking, no contact! Only the Russian people can stop Putin! We must also deliver the truth; their 'dear leader' is lying to them. STRANGLE AND ISOLATE

MakeIt Lfg

MakeIt Paid actor , shilling tradfi over crypto as per the narrative

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

27 Unique Mother’s Day GiftsWe searched high and low for the best unique gift ideas for Mother’s Day
Source: TheCut - 🏆 720. / 51 Read more »

27 Messed Up Things About 'Pretty Little Liars' You Only Notice As An AdultI am deeply concerned for these teens.
Source: BuzzFeed - 🏆 730. / 51 Read more »

A Florida student is accepted into 27 schools with $4M in scholarshipsJonathan Walker surely has a bright future ahead of him after applying to and being accepted into 27 schools.
Source: IntEngineering - 🏆 287. / 63 Read more »

27 Storylines On TV Shows That Just Really Didn't Need To HappenIt's Spencer's British twin on Pretty Little Liars for me. 💢👇🏼💢
Source: BuzzFeed - 🏆 730. / 51 Read more »

'Rock the Lock' returns this summer with full line-up of your favorite tribute bands beginning May 27Rock the Lock, the annual summer concert series, is returning to Akron’s Lock 3 beginning on May 27 with Into the Blue, an ELO Tribute, with Sunflurry.
Source: WEWS - 🏆 323. / 59 Read more »

Bidens Paid 24.6% Taxes On $610,702 Earnings, Returns ShowThis year's return was a steep drop from 2019 when the Bidens earned nearly $1 million, primarily from book sales, speeches and their teaching positions.
Source: HuffPostWomen - 🏆 27. / 68 Read more »