Monday, October 31, 2011

If the stocks start at just under a dollar, how can an investor hope to become rich in the end?

To get the most gains out of your penny stock investments, it’s important that you pick up information about certain companies before the news hits the primary media stream. As soon as word is generated about a company, the price of the penny stock soars until it no longer falls in the category of penny stocks at all. So how do you get this kind of information if the media isn’t disseminating it to the public yet? You must do your own due dilligence on the penny stock.As penny stocks are not followed by the main stream mutual funds you can usually get in before they do. You have to become an investigator of sorts and figure out which companies have the best opportunity for you to profit from an investment of their penny stocks. Sometimes you’ll get wind of a small news item where stocks aren’t even mentioned and it gives you just enough information to leverage an investment of penny stock before the company starts heavily promoting their stocks in connection with the news. In order to amass a fortune in penny stocks it does mean you are going to have to take big chances. . Some investors prefer to wait and see what will happen with a company before they buy stock. This kind of approach nullifies the opportunity they have to take advantage of the low stock cost, because once investors know for sure that a company is on the rise, everyone will be scrambling for a share and the stock prices will rapidly climb. One way to stay abreast of up-and-coming penny stock companies is to join one of the many penny stock advice forums on the Internet and watch what others have to say about the choices available to penny stock investors. Always make sure you do your own investigation into the company as well, but having other investors with a like-minded attitude can help you learn what to look for before shelling out too much money as a junior.

Sunday, October 30, 2011

Money Is A Family Affair

If you are single and don't have kids this tip won't mean much to you. For the rest of us that have others to consider when making money decisions it just may make things a little easier. I guess the best knock-down, drag-out fights my wife and I ever had was about money. No, it never came to blows because she's meaner than I am. Believe me you can have a lot of fights in almost 40 years. At some point we realized that it wasn't accomplishing anything. We still didn't have any money but we never earned a nickel fighting about it. To get a handle on your finances it is going to take a team effort. The whole family has to be working in the same direction. My suggestion would be to sit down and talk your money situation over with your spouse and the kids. It's important for everybody in the family to know what is going on. You may be surprised at what the kids will come up with. When I bought my first house I made a miscalculation on how much I would need to come up with for the down payment. When I realized it we had maxed out our credit cards and wasn't sure where we would get the rest of the money. My wife and I discussed this with the kids and they offered to baby-sit and mow lawns. They came up with enough to cover the down payment. I'll never forget how proud that made them feel and how proud we were of them. All too often one person in the family is strapped with making the money decisions. This is a great idea and the best way to keep things organized but they shouldn't take all the blame when something doesn't work out. A family solves difficult problems everyday. Money is just one of them.

Saturday, October 29, 2011

Managing Your Finances Once Married

It’s important to plan for your financial future beforehand so you have idea of what to expect. Once you get married, most newlyweds’ open a joint checking/saving accounts Below is a list of 4 easy steps to take when determining your financial future. Step 1-Determine your net worth Net worth is the difference between assets and liabilities. Make a list to figure out your net worth, make a list of all the things that you own and assign approximate values to each one. Then make a list of all your debts. Subtract these two numbers and you will have your net worth. Step 2- Family accounting You will need to decide who is going to manage your accounting. Is one partner going to manage the finances or will this be a shared responsibility? Are you going to choose to handle the finances independently, if not you will need to create a system of whose going to pay the bills. Step 3- Set goals Statistics are showing that 95% of senior citizens can’t afford to retire. Set goals and start saving for your future today. Create short-term goals and long-term goals. Make sure when you set your goals that you are actually striving for them so they should be adjusted to your spending lifestyle Step 4- Plan for adjusting your finances once married Many couples get married without having a financial plan in mind. It’s very important to discuss your financial situation before tying the knot that way everything is out in the open. If you don’t want to deal with thinking of financial strategies get help from a financial planner for any needed advice.

Friday, October 28, 2011

Pay yourself first

Schools do not teach thrift: college, high school, junior high—our system doesn’t place a high priority on frugality. And what a shame. We should put money aside regularly using a simple system—pay yourself first. For example, when you pay your utility bill, pay yourself first. I’ve talked to people who have mastered saving money who have become very wealthy. Many of them have had to make tough choices—pay the phone bill or savings account? All of them chose to pay themselves first. They got on the phone with the phone company to buy time and negotiate a payment plan. Figure out a way, but pay yourself always. You must pay yourself first, or you’ll negotiate away your savings. You want to have at least six months of living expenses, liquid. Savings is money you set aside that you never spend. Ultimately, you’ll invest it, generate passive income and get out of the rat race. Recommended savings 60% Long-term savings 20% Emergencies optional % “Emotional” (vacation/car savings account) (optional) Or another way to think about it… 10% Yourself 10% Tithe 10% Pay down any debt you have (and commit yourself to not run up more debt) 70% Do anything you want with it Once you get the ball rolling, you can shift your savings into a CD, then shift it again into something with stronger returns. Your initial goal is to live on 90 percent of your earnings. The average American lives on 110 percent of his earnings. You can do it. Another, separate, prong of this saving strategy is to tithe another 10 percent. It could be given to your church, the Red Cross, Habitat for Humanity, or any other organization you’d like to benefit. In my opinion, we owe it to our community and each other to be responsible and giving stewards of our money and do good in the world. I encourage us all to incorporate tithing into our savings plan of action. Your generosity will come back to you.

Thursday, October 27, 2011

How To: Avoid Foreclosure

In order to avoid foreclosure, you need to find the companies and the services that are able to provide you with high quality information. You do not need someone to come in and try to sell you yet another deal. For honest to goodness help in getting out of this debt and mess, you need high quality advice. While it is not easy, you can avoid foreclosure. First of all, make sure that avoiding foreclosure is the right thing for you. If you can not make the payments and you cannot find a way to get around it, letting it go will ruin your credit, but until it is over it can’t get any better. While this is not news you want to hear, it can be helpful to some. But, when you do have a shot, you need to take it. To avoid foreclosure, you need many options. For example, you may want to actually call the bank and ask them if there is a way you can work with them to end the problems. Maybe they can extend your payments so that you can get back up. You may be able to get a loan that will cover the amount that you owe as well as any other money that you need. This can then be paid off in installments. Although hard to find, this is one method to avoid foreclosure. You should take the time to speak with the creditors that you owe money to and see if you can work something out with them. Be honest and tell them what has happened, what you plan to do to get out of it, and see if they can help you. If it does come down to selling the house, do your best to get through it before it is too late. You can avoid foreclosure by taking the time to find all the options that you have and then choosing the best possible answer for you.

Wednesday, October 26, 2011

Texas Swimming Pool Safety

Many of us think that having a swimming pool in the home is just great. Well, it is really great, but you also have to be safe while swimming in the pool and around it. One area where accidents can easily occur is the swimming pool. The reason for this is that pool safety is not taken seriously, reason being that people are more interested in playing in water than about how to keeping safe while having fun. What steps can you take to ensure safety your personal safety and safety of other people using the swimming pool? Here is a look into some useful pool safety tips: • Keep signs in those areas of the pool where the water is deep • Have life vests and rescue equipment available in the pool area • Never keep any electrical appliances around the pool area because water conducts electivity • Children should at no point be unsupervised, even though they have undergone swimming classes and know how to swim to some extent • Pool chairs and table should not be kept close to the pool because children will climb on them and attempt to jump into the pool • Pool covers should never be kept on partially because children are seen to get trapped in them • Learn CPR because you can save someone’s life with this knowledge • The pool area must be completely fenced and make use of self latching gates to keep the place secure • Do not leave toys in the pool are as a child can just get wander unsupervised into the pool area in search of the toy Pool safety is something that should be known to everyone so that safety measure can be implemented well. Children must know pool signs and those areas of the pool which are out of bounds for them. They should be aware of how to handle themselves in the pool, while having pool. If you implement the right pool safety measure and teach them to everyone using the pool, you can avoid the risk of someone drowning or getting permanently brain damaged as a result of drowning.

Tuesday, October 25, 2011


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Sunday, October 23, 2011

$1000 Provable Income Cash Advances: Should You Take The Opportunity?

Many finance firms are wiling to offer a sum of $1000 to those in need, provided the beneficiary has a provable source of income and agrees to repay the amount as per the firm’s outlined repayment schedule. However, needless to say that you would end up repaying more than you acquire from the cash advance firm. This is because the cash advance firm is likely to charge an interest on such credit lending.

Getting hold of a $1000 cash advance won’t be a cinch by any means. You would have to carry out a preliminary research of reputable cash advance firms willing to lend $1000. Though it’s easy to find cash advance of around $250 to $500, you might have to shop around a bit in order to bag $1000. It is recommended to keep several options open during your quest for a cash advance. This way, if one cash advance firm leaves you high and dry, you could easily switch to another.

Sums of $1000 and below are considered trifling amounts by bigger loan firms’ standards. Therefore, it is highly unlikely to acquire a $1000 loan from a loan firm. However, cash advance firms are a viable option for people in urgent need of around $1000. Cash advance firms would gladly approve your application, provided you have a provable income source. But, cash advance companies normally charge a higher rate of interest relative to bigger loan firms.

All in all, cash advance is a nice and quick way to acquire that much needed cash in a jiffy. But since the rate of interest is on the higher side, it’s best to take up a loan from a loan firm, if possible. In general, you should turn to a cash advance firm only when you have no other means of acquiring cash.