When managing your personal finances, it is important to regularly budget a certain amount in order to build up a reserve for the future—this regular budgeting is the basic foundation of good future or retirement planning. But simply depositing money … Continue reading What Is A Systematic Investment Plan?
Before you buy securities, it is important for you to go through the basic steps of establishing the asset allocation and building your portfolios. Usually you would look at the type of account you are looking to establish and figure … Continue reading How to Build a Basic Stock Portfolio
If you’re now at the point where you want to plan for your future income goals, then it’s important to set into place some budgetary habits that will definitively lead you to where you want to go. Therefore, there are … Continue reading A Primer for the New Investor
Many have taken the road to financial success through investing. If they can do it successfully, why can’t you? Investing is just a matter of decision and tactic—things you have to simply calculate with your mind. Treat investment as your … Continue reading How Do I Go About Investing?
Related to the government’s bail-out program PPIP (pronounced “pee-pip”) or the Public-Private Investment Program is an investment vehicle that has been designed by the government to “bail out” the banks. This is the way it works – for each dollar that a fund manger receives from an investor the government will likewise contribute a dollar and lend one more. As it now stands, without the PPIP in place, the banks won’t be able to provide loans commercially or privately in the future. The idea of PPIP is to offer mortgage-backed securities in the marketplace that can be used to rejuvenate … Continue reading Is a PPIP Investment in Your Future?
In my previous post, I mentioned what to include in your trading journal. Now that you have started keeping one, now what? Your trading journal will help you succeed in investing. By carefully reviewing your trading journal you should be able to improve on your gains, and avoid some key losses. You’re also likely to pick up on the habits which are holding you back and the methods which are working for you. Unfortunately, even the best traders will lose money sometimes. But hopefully through your analysis you can work out what is and isn’t successful for you and how … Continue reading What to Look For in Your Trading Journal
So, you want to make millions trading? Who doesn’t? The only problem is how do you know which trading habits are working for you and which are working against you? Most successful traders make it a point to keep a trading journal where they can keep track of and analyze their trades. A trading journal doesn’t have to be fancy and can be as simple as writing down certain details of your trades in a notebook or in a word document, or much better in Google Docs. However, seeing as how Excel is better suited for numbers and charts, it … Continue reading What To Write in Your Trading Journal
If you’ve got a few dollars in your bank account, you might want to consider investing it. As financial gurus and experts claim, the time to invest is now. The longer you wait the more potential return on investment you’re throwing away. As you go out and start to look for profitable investments, you’ll quickly see that there are many possibilities. So how do you know what your options are? Let’s look at a few of the more popular possibilities. Bonds One option that you have is to invest in the bond market. There are many different companies that offer … Continue reading Different Ways of Investing Money
As you go on the process of investing, you may commit a few mistakes. There are big mistakes, however, that you should completely avoid if you want to be a successful investor. For example, the biggest mistake that you could ever make is not investing at all, or putting off investing until later. Let your money work for you, even all you have is $20 a week to invest! Another big mistake to avoid is investing before you are in the financial position to do so. Stabilize your current financial situation first, and then start investing. Clean up your credit … Continue reading Common Mistakes to Avoid in Investing
Before you invest, you should first make a vivid picture of what you plan to do with the profits. Setting a goal allows you to motivate yourself and endure serious emotional or financial backlashes, as it provides more conviction for you to continue. Whether your goal is a long term or a short term, it has to be attainable and not out of this world. It can be a plan to buy a car or a house. It can be a plan to fund a college education for your kids. Or prepare for your retirement funds. Whatever the reason you … Continue reading Creating Investment Goals