Financial advisor and author of The 8 Biggest 401(k) Mistakes and How to Avoid Them Mitchell Bloom says: it’s important to develop an investment philosophy so you have guidelines to keep you on track when emotions get in the way of investing. He claims that“Emotions can hinder a good investment plan in different market environments, whether you’re experiencing a bull run where the markets are up, or a bear market where the markets are off 20% or more from their highs.”
Many investors focus on “dollar cost averaging,” which describes a strategy where you invest the same amount of money every month.
# Peer-to-Peer Lending
Platforms like Lending Club and Prosper allow you to loan money to individuals like what the banks do.