"I have found the paradox, that if you love until it hurts, there can be no more hurt, only more love."Mother Teresa
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Of Stocks, Stockholders And Stock Market
A copper mining enterprise Stora Kopparberg first introduced the system of stock in the 13th century. The financial backers and owners felt the need to raise money for investment in the new projects of the same company so they started the method of ...
Setting Financial Goals - Part 2
In my earlier article “Setting Financial Goals - Part 1” I identified the 4 simple steps to setting up achievable financial goals. I mentioned that your financial goals should be broken down into smaller more manageable goals and then written down ...
Tax Preparation Software: The Good, The Bad And The Ugly
The medium is the message, it's sometimes said. Think of Franklin D Roosevelt and his “fireside chats” to the nation. In a pre-TV era, the radio was the perfect medium to “have a conversation with the American people”. He could get his reassuring message ...
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Often times when people here the word "invest" they become frightened. It is probably one of the most misunderstood words on our planet. As a result, many employees as well as other individuals refuse to invest their money in anything other than a passbook savings or money market account. That includes those who have retirement accounts available through their employer.
So, what is stopping you from starting to invest? Three of the most common reasons are I found after taking a poll are:
1. I don't have enough money to invest.
2. I have to pay off my bills first.
3. I have money to invest, but I am afraid.
What can you do to alleviate your fear of investing? There are many inexpensive ways to start investing. You can open an investment account with a broker that sells shares or partial shares of stocks, this type of broker is usually found online. You can open a mutual fund account with a mutual fund company, that will allow you to start with a small amount of money. You can start investing with your company employee retirement plan. And finally, you will have to shed some old baggage about investing, for example, "I will start investing when I get my bills paid off," or "I am afraid to invest." The main questions being, how do you shed this baggage and allay all fears?
1. The first most common reason many people don't start investing is because they think it is too expensive. They feel a lot of money is needed to start investing in stocks or mutual funds. There are mutual fund companies that will allow you to start an investment account for as little as one hundred dollars, and add as little as twenty-five dollars a month. You can do a search for mutual funds in any internet search engine or research them in your local library. There are many companies that will allow you to invest in a few shares or partial shares of stock, starting with as little as eight dollars a month, and adding eight dollars a month to your account to purchase additional shares or partial shares. Using your company retirement account is another way to invest with ease. In most cases, you will have the option to pick among investments already chosen by your company. The money is taken out of your check, your employer matches a percentage your total, and your investment has tax advantages.
2. The second most common reason is that many people are told to pay off bills before they start to invest.
It is a good idea to have your debt well under control before you start to invest. The interest rates on outstanding debts are sometimes in excess of the interest rates on investments, coupled with compounded interest, debt payments can be excessive. There is an easy way to invest after you have your bills under control, that is to treat your investment savings as "just another bill," before you know it, you will have a significant amount of money in your savings account, that you can invest.
3. Fear is probably the third most common reason people don't invest. This fear can be easily conquered with education and detailed information about investing.
Do you have plenty of money to invest, but you are simply afraid? I think the term for that is, "fear of the unknown". That is probably the easiest investment stop addressed in this article. The Internet has brought learning to our fingertips, there are thousands of websites that teach investing from a consumers perspective. Brokerage sites and web portals provide research with detailed information about stocks, mutual funds and other investments to protect your interest and your money. If you are not Internet savvy, take a trip to your local library, the librarian will show you how to use investment research catalogs such as the stock reports for stocks research, and the Mutual Fund Reports for Mutual Funds research. Doing your own research will teach you how to choose low risk, low cost investments. Investment research will also teach you how to analyze the investments that your advisor chooses for you.
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Turbo-traders take Bank of America for a rideFox NewsBank of America is part of the Standard & Poor's 500, and therefore held in mutual funds in the retirement accounts of millions of Americans. And mutual fund managers hate high-frequency trading. Not only does it make the stocks in their portfolios ...and more » |
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As Facebook IPO nears, the case for dull stocksBoston.comBut that's mostly reserved for the favored customers — pension funds, mutual funds, hedge funds and other institutions. The little guy isn't doing nearly as well. After sharp rises on the first day of trading, most stocks have fallen.and more » |
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Not Just For Stocks: IBD Has Views On Mutual FundsInvestor's Business DailyBy VICTOR REKLAITIS, INVESTOR'S BUSINESS DAILY Posted 01:47 PM ET Investor's Business Daily features a wide range of promising growth stocks every day, but it's also smart to have some mutual funds in your portfolio. And just like with stocks, ...and more » |
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