For many consumers, investing is a daunting prospect. It seems like it should be complex. However, here are 5 simple steps that can help you start investing:
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I loved watching The Price Is Right growing up (my favorite games being Plinko and the game where you punch the board to reveal the card with an amount of money listed). Now whenever I get the chance to watch it as a grown up, it is on my TV, even though it just isn’t the same without Bob Barker. In any case, I was watching recently when I realized that you could learn a lot about investing by watching The Price Is Right. (Yes, I did write before about learning personal finance from watching The Bachelor. What can I say, I can relate personal finances to anything!) Here are five things The Price Is Right teaches us about investing.
Want to learn investing basics? Barbara Friedberg takes you through it step-by-step. A perfect primer in how to get started — and it’s free.
A simple story that shows why you should invest now.
Read the story here: http://fitzvillafuerte.com/the-story-of-mr-invest-now-mr-catch-up-and-mr...
If your bank account is looking a bit emptier than you would like it to these days, it’s best to be proactive. You don’t have to take on a second job to find some spare cash, if like many households you have a number of spare household items that you no longer use. Books, toys, clothing, and electronics are all fair game to sell online. You can buy or sell almost anything online. Take a cue from Pat Cash in this advert for Quicksales and choose a localised sales site for higher profits, or go for the big guns with Amazon and eBay if you don’t mind the competition. Before you can write up your listing, however, you’ll need to determine what to sell. The following are a few surprising items that can lead to big profits.
When you contribute money through some crowdfunding platforms, you aren’t making a true investment. Instead, you are making a donation.
Is this a real rally or a fake rally? This is an important question when you are thinking about buying or selling stock. The question can be answered very simply. All you need to do is focus on the S&P 500 high at 1,850.84. So far the markets have not taken out the January 15th, 2014 high (on an end of day closing basis). As long as this is not taken out then I would remain extremely cautious on this market. It may just be a reflex buy the dip bounce as the small investors jump in while the large institutions sell into them. We should know within days. ...
When it comes to investing, there is no formula to success. There are many different profitable investment styles, thus we cannot say “just do X, Y, Z and you’ll be a millionaire”. However, we do know what doesn’t work – we know which investment styles / strategies lead to failure. So the joke here is that once you’ve discovered everything that doesn’t work (aka lost quite a bit of money), you’ll know what does work.
Is it best to pay off debt or invest when you need to do both? When you don't know how to answer that question, this list of pros and cons may help.