Latest news with #AmberPetrovich
Yahoo
6 days ago
- Business
- Yahoo
Investing coach shares how to grow wealth safely in the era of trading apps and crypto
WASHINGTON (DC News Now) — With market swings creating both excitement and risk, more Americans are turning to investing apps to grow long-term wealth—if they can avoid the pitfalls of day trading and hype-driven crypto bets. 'I think we are completely headed in the right direction in terms of the average person's participation in the stock market,' said Amber Petrovich, founder of The Win, an investment education group. 'You have to use investing and the stock market to build long-term wealth.' Petrovich, who worked at Goldman Sachs Private Wealth, recommends beginner-friendly platforms like Robinhood, Webull, and E*TRADE, as they offer fast execution and minimal trading fees, and many allow you to manage retirement accounts as well. Stretch Your Dollar: Programs, strategies to make DMV college costs more palatable While day trading may be tempting, Petrovich warns that most day traders lose money. Her rule of thumb is to set clear boundaries. 'Make commitments to a loss limit. Once I lose a certain amount, I'm done. I only risk one percent of my portfolio at any given moment,' she said. Cryptocurrency trading is also booming. Though meme coins tend to spike and crash unpredictably, Petrovich points to more established options like Solana, Ethereum, and Bitcoin—which hit a record high of $112,000 in May—as having long-term potential. She said a measured approach is key. 'Crypto can go through extensive bear markets where, you know, things lose just hundreds or even thousands of dollars in value. We've seen that with Bitcoin. So again you need to ask yourself as an investor, 'Are you ready to tolerate that type of volatility and that type of loss?'' Some platforms, like Coinbase, offer learn-and-earn features, rewarding users for completing brief courses on various aspects of the crypto world. For those with low risk-tolerance, Petrovich recommends, at the very least, keeping savings in accounts exposed to growth that matches our outpaces the rate of inflation. For money needed in the next two years, she said a high-yield savings account or money market account will suffice. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
6 days ago
- Business
- Yahoo
Investing coach shares how to grow wealth safely in the era of trading apps and crypto
WASHINGTON (DC News Now) — With market swings creating both excitement and risk, more Americans are turning to investing apps to grow long-term wealth—if they can avoid the pitfalls of day trading and hype-driven crypto bets. 'I think we are completely headed in the right direction in terms of the average person's participation in the stock market,' said Amber Petrovich, founder of The Win, an investment education group. 'You have to use investing and the stock market to build long-term wealth.' Petrovich, who worked at Goldman Sachs Private Wealth, recommends beginner-friendly platforms like Robinhood, Webull, and E*TRADE, as they offer fast execution and minimal trading fees, and many allow you to manage retirement accounts as well. Stretch Your Dollar: Programs, strategies to make DMV college costs more palatable While day trading may be tempting, Petrovich warns that most day traders lose money. Her rule of thumb is to set clear boundaries. 'Make commitments to a loss limit. Once I lose a certain amount, I'm done. I only risk one percent of my portfolio at any given moment,' she said. Cryptocurrency trading is also booming. Though meme coins tend to spike and crash unpredictably, Petrovich points to more established options like Solana, Ethereum, and Bitcoin—which hit a record high of $112,000 in May—as having long-term potential. She said a measured approach is key. 'Crypto can go through extensive bear markets where, you know, things lose just hundreds or even thousands of dollars in value. We've seen that with Bitcoin. So again you need to ask yourself as an investor, 'Are you ready to tolerate that type of volatility and that type of loss?'' Some platforms, like Coinbase, offer learn-and-earn features, rewarding users for completing brief courses on various aspects of the crypto world. For those with low risk-tolerance, Petrovich recommends, at the very least, keeping savings in accounts exposed to growth that matches our outpaces the rate of inflation. For money needed in the next two years, she said a high-yield savings account or money market account will suffice. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Sign in to access your portfolio
