Posted by Thinker on Feb 1, 2009 in
Thinkable
The magic of penny stock trading is the ability to double or even quadruple your investment. The reason this is a possibility is that the value of a penny stock is very low and the behavior of these low dollar penny stocks is volatile.
Where with a normal stock a 2 or 3 dollar change isn’t much of a fluctuation (that can be less than a 5 percent change), with a penny stock that can be a massive 200 to 400 percent change. Of course, that means it can be a massive loss, too.
Can you make money online and get rich trading penny stocks? Sure. But can you get rich quick? In short, no. Don’t fool yourself here. The Doubling Stocks newsletter will provide you the stock tips you need to begin mastering day trading penny stocks, but it requires you follow through and accept some risk.
In my first few months with the newsletter, despite few home runs, more than 3 out of every 4 picks made me money. But that means one in four picks didn’t succeed. This is simply the nature of penny stocks and no matter how many quality stock picks you’re provided, you will have to steel yourself for an occasional risk. I do strongly suggest you stick with it for a few weeks. I suggest you monitor the first few picks without acting on them while doing your own due diligence.
As you get comfortable with how and why the picks are made and exited, start engaging the picks that both come from the newsletter and fulfill your own research. Start small and slowly build.
The good news is that we are dealing with penny stocks. You will not be trading hundreds of shares of Google or Chevron. When you start, you can easily limit your risk to pennies. Even if you’re completely new to investing and have very little money to start, Doubling Stocks starts you slow, then you can reinvest what you’ve made until you’re making some serious profit through day trading penny stocks.
So consider a good newsletter to help provide you a base from which to work, then start slow. I hope this helps!
Posted by Thinker on Feb 1, 2009 in
Thinkable
The earlier you start your retirement planning, the longer you have to achieve your goals and the less expensive it will be for you. For example, if you plan to retire at age 65, and you only start thinking about a retirement plan at age 60, you only have 5 years to start saving for retirement. However, if you are just starting out in a career, and you are in your twenties, you have 40 or more years to start saving for retirement. Obviously, you have much more time to start saving for retirement. We started investing in mutual funds from American Funds. Even though we may change or move our money from one fund to another, it continues to work for us.
And don’t confuse retirement savings with a 529 Savings Account. The 529 Plans are designed to help families save for college costs. These are tax-free accounts specifically designed for educational expenses and if you try to use them for retirement, you will be assessed a penalty.
Most people erroneously think that the time to start Retirement Planning is once they approach their golden years. This is wrong! The opposite is in fact, true! It is simple math to see why it is better to start investing for retirement at the youngest age possible. Let’s take a simple formula to see what happens. Let’s start with 2 people with only $1,000 to invest. Elmer is 60 years old and has 10 years until retirement. Johnny is fresh out of school and won’t retire for another 40 years. Both put their $1000 in a mutual fund that averages a meager 5% every year.
At the end of the period, Elmer would have earned an addition $600 for a total of $1629. Not much of a retirement! But Johnny would have over $7000! And if each adds $1000 every year for the term, at the end Elmer would have $14,835 and Johnny would have a whopping $134,000!
Posted by Thinker on Feb 1, 2009 in
Thinkable
Tim knew the economy was in the toilet, but had never thought about his job security. That’s why he was so shocked when his company announced a layoff. For a week, speculation flew and everyone wondered who was getting the axe. Even though he had been an employee for 15 years, Bob was among those out of work until further notice. But unlike his laid off peers, Tim had purchased Redundancy Payment Protection. Now he could rest assured that his mortgage would still be paid and that his family could live off his wife’s salary until he could come back to work.
Redundancy Payment Protection is one of the smartest and safest decisions individuals and families can make to protect their financial affairs in a difficult economic climate. A simple definition of Redundancy Payment Protection is an insurance policy that pays the mortgage or other debts of the claimant in the result of redundancy, or unemployment. The reasons why such a policy would be needed are obvious. Without a steady income, most people would find themselves unable to pay their mortgages, or other debts, such as credit card payments.
There is no doubt that the economic bubble has burst and this country finds itself thrust into a recession. More and more people are losing their jobs and the means by which they pay their debts. In this era of no money down, low money down, easy mortgages and easier credit, many people have debt loads well beyond what they can afford to carry. A Redundancy Payment Protection policy can be a life saver in the event of a layoff or loss of a job.
Getting a Redundancy Payment Protection policy usually requires the person be between the ages of eighteen and sixty five years old and be working at least sixteen hours per week. When a policy holder wishes to file a claim of unemployment, there is usually a waiting period before any payments are made. The company typically needs to look into the matter fully in order to avoid fraudulent pay outs to unscrupulous individuals. Once the claim has been verified to be genuine, payments begin. In most cases the policies are for up to twelve months. However, there are some that can protect the unemployed for up to twenty four months. This either gives the policy holder adequate time to find other gainful employment, or return to their previous job.