Stop what you’re doing and take a moment to think about how much money you bring home in a year (as in what gets direct deposited into your bank account). Now think about how much of that you have left over in savings or checking. With these numbers in mind, you can determine with a [...]
If you’re new to trading stocks, penny stocks may seem appealing to you. If you’re unfamiliar with them, you can see from the name itself that they are cheap stocks. The actual amount can vary, though. Some people classify them as being $5 or less, others just $1 or less. They do have their advantages, but [...]
When it comes to money, there are three types of people. Those who are happy with an average income and a safe, secure job, but ambitious; those who are a bit entrepreneurial and will take some calculated risk in order for the potential to enjoy limitless income; and there are those who have no goals [...]
With the economy and the stock market not doing so well lately, it may seem riskier and more difficult to know exactly where to invest your money. You want your money to work for you, but with falling stock prices, it’s likely you’ll see your money disappear rather than gain anything. Search for the right [...]
The honest truth is that I stopped paying attention to the stock market and economy a while ago. I just keep doing what I’m doing and check my balances every few months or so. It would be impossible for me to not be aware of the current market conditions, but I try to tune it [...]
Wouldn’t it be great to have invested in Google when it was worth $100 and sold it at its recent $700 peak, or Hansen Natural when it was worth pennies and watch it climb all the way to $67. There are countless stories of people who scored a big one and made themselves overnight millionaires, [...]
Short selling, or shorting stocks, is a strategy stock traders use to make money in the stock market when they think things are going to be going south. Shorting stocks is kind of the opposite of “buy low, sell high.” When a trader is a short seller, they profit when a stock they are shorting [...]
The editor of Money Magazine recently wrote about Why We Flunked 401k, and mentioned some frightening statistics. In 2006, the median 401k balance was only $22,000. This number is probably fairly skewed since there are 28% of eligible employees who don’t even bother to sign up for their 401k. And according to the Money article, [...]
As much as we are told to leave stock trading to the professionals, it’s more easily said then done. Why do we play this market speculation game? For one, it’s easy to get caught up in the hype and want to join in on the returns of a great performing stock. Or we hear about [...]
Thank you to those you participated in the Biggest Money Mistake Contest. Just because the contest is over, don’t let that stop you from sharing your story with us. Congratulations to Ana at DebtFREE-Revolution for driving the most traffic to this contest, and a special thank you to the runner-ups, Moolanomy and Paid Twice. The [...]
