![]() | |
![]() | |
![]() |
Investing Information |
|
![]() |
Preparing to Invest: How to get started
Investments can be a source of great potential earnings. The two most common reasons that a person does not invest are either they do not have the money or they do not know how to get started. These are some ways to prepare for investing and some things to consider before investing. Saving Money to Invest * Lower debt Everyone has debt and most will always have some debt, however if you have outstanding credit card debt, then this may not be a good time to invest. Credit card debt can be consuming and the best way to become financially stable and to create and atmosphere in which you are able to save money, you must pay off high interest rate credit cards. If you have more than two credit cards or your cards have reached the maximum limit and you are making minimum payments then you should invest all extra money into paying off these debts before investing in other ways. * Create Emergency Funds Everyone should have an emergency fund for unexpected debts or accidents. Financial advisors will recommend that you have at least three months of funds or 15% of annual income to fall back on in the event that you lose your job or incur unexpected expenses. * Maximize Employment Benefits If your employer offers a 401 K plan, be sure that you are taking full advantage of this plan. Strive to put in the maximum amount allowed each month. You may not think of this as an "investment" however, 401 K and similar plans are some of the best investments a person can make for their future. Before You Invest * Consider Your Options There are many different ways to invest your money. Do not rush into a decision based on advice from friends or family. Research and consult many sources before deciding on the investment plan that is right for you. You should have a goal in mind. Ask yourself how soon that you want to see the return from the investment and how much money that you would like to make as well as how much money you could conceivably loose. * Financial Advisors Financial Advisors can be an excellent source of information when deciding on your investment strategies. In fact, if you are not familiar with the processes involved, they are almost essential. Before choosing a financial advisor, you should interview several to find out what exactly you are getting for your money and always ask for references when interviewing an advisor. Timothy Gorman is a successful Webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, credit counseling, repair and free financial planning information that you can research in your pajamas on his website.
MORE RESOURCES: Investing Action Plan — January Wrap: Apple, OPEC, Exxon And The Fed Investor's Business Daily Where Are Stocks, Bonds and Crypto Headed Next? Five Investors Look Into Crystal Ball The Wall Street Journal Tax-Aware Investing: What Is It and How Do I Do It? | Chase Chase News & Stories Investing in Method Andreessen Horowitz Committee affirms anti-ESG, anti-China pension investing bills Indiana Capital Chronicle 5 of the Best Paper Trading Sites | Investing | U.S. News U.S News & World Report Money Investing When Your Time Horizon Is Short The New York Times The Best Stocks to Invest $20,000 in Right Now The Motley Fool Investing in Voldex Andreessen Horowitz What's Going on With REITs? An Investors Guide The Motley Fool How ‘Permabears’ Make Money by Selling Fear Investing.com Democratic lawmakers create sustainable investment caucus to ... Pensions & Investments Investing Opportunities Emerge in Latin America Morgan Stanley 2 Dividend Stocks to Help You Beat the Market in 2023 Investing.com Soft Landing Scenario: Possibility or Fed Myth? Investing.com How to Invest in Stocks - Buy Side from WSJ The Wall Street Journal Why You Should Invest: Top 10 Reasons AllBusiness.com The 10 golden rules of investing Yahoo Finance Investing in Cygnvs Andreessen Horowitz Your Investment Lost Money Last Year. So Why the Big Tax Bill? The New York Times Ultimate Guide on Investing for Beginners Entrepreneur Investing $100,000 in These Stocks in 2023 Could Get You $1 ... The Motley Fool The Art of Contrarian Investing Investing.com 8 Best Small-Cap Value Stocks to Buy | Investing | U.S. News U.S News & World Report Money 5 companies UPMC is investing in Becker's Hospital Review 80% of Warren Buffett's Portfolio Is Invested in These 7 Stocks The Motley Fool Investing in Deflation, Inflation and Stagflation Regimes Wealth Management Investing in REITs vs. Direct Real Estate Morningstar Spend Your Time Working or Investing? » The Stacking Benjamins ... The Stacking Benjamins Podcast Investing in PLAI Labs Andreessen Horowitz Investing in 2023: A Year to Be Patient and Selective Morgan Stanley 5 Investing Alternatives for Conservative Investors Kiplinger's Personal Finance U.S. Warns Banks to Watch for Russian Oligarchs Investing in Commercial Real Estate The Wall Street Journal Coffee Steaming Again After 4 Months in the Cold Investing.com Rosie on the House: Investing in a whole home energy audit Arizona Daily Star 3 Reasons Investors Should Zoom In on GoPro Stock The Motley Fool 1 Smart Way to Invest Your Tax Refund You Haven't Thought Of The Motley Fool 5 Fast Facts for Investors to Consider | Chase Chase News & Stories Rewind 2022: My Investing Journey Seeking Alpha 1 Undervalued Stock That Smart Investors Are Buying In 2023 The Motley Fool Is Intel's Downfall Good News for AMD and Nvidia Investors? The Motley Fool The Week in Impact Investing: Integrity ImpactAlpha Bohanon and Horowitz: When investing, balance opinions of ... Indianapolis Business Journal Calm Before the Rally? Investing.com Personalized Investing Portfolios: Unlock the Greatest Potential Kiplinger's Personal Finance Is Microsoft Now the AI Stock to Beat? The Motley Fool Lucid Group doubles on Saudi rumors By Investing.com Investing.com Long-Term Investments Require a New Approach Kiplinger's Personal Finance International Day of Education: Investing in the Future of Students ... Leader Publications Would You Still Consider Investing in Amazon (AMZN)? Yahoo Finance The First ETF Launched 30 Years Ago, Revolutionizing Investing The Wall Street Journal Considering a 1031 Exchange? The Rules You Need to Know Kiplinger's Personal Finance |
![]() |
![]() |
![]() |
RELATED ARTICLES
Straddle Strategies in Option Trading The straddle strategy is an option strategy that's based on buying both a call and put of a stock. Note that there are various forms of straddles, but we will only be covering the basic straddle strategy. Numismatics are for Collectors, Not Investors As a precious metals investor, you may heard much about numismatic and "semi-numismatic" coins, particularly the St. Gaudens $20 double eagle gold coin. Investment Rowing You have rowed a boat at some time haven'tyou? Yes, put the oars in the water and pull. Ofcourse, you don't know where you are goingbecause you are sitting backwards. Asset Location - Increase Investing Returns & Reduce Your Taxes Location - Once the holy grail only for real estate investors is fast becoming the mantra for every stock, bond, and mutual fund investor. Experts and studies now recognize managing asset location is second only to asset allocation in determining the success of your investment returns. The Real Cost of a Bad Habit What is the value of a good habit? Think of some daily habits, like brushing your teeth, or buckling a seat belt, or flushing. All of these habits have value important to some part of life. Annuity Help Many people today are looking for annuity help. The biggest challenge seems to be that most of the help is biased. Investing and the Fear of Regret and Greed People tend to feel sorrow and grief after having made an error in judgement.Investors deciding whether to sell or buy a security are typically emotionally affected by whether the security was bought or sold for more or less than the current price. Caveat Emptor: You May Owe Taxes Despite 401(K) Losses! One among many ways you lose money in non-indexed mutual funds is the tax trap. You may have to pay taxes even when your mutual fund loses money! To many people this is painfully unexpected. California Deparment of Corporations and Franchise Opportunities Law What CA Needs To Do To Address Issues in FranchisingWe should not allow anymore degradation of California through incessant over regulations in the franchising sector. No other sector of our economy provides as many jobs as franchising. Basic Options Terms Options are good investing and speculative instruments. But options terminology may confuse even experienced investors. Sell Discipline for Investors: Importance and Execution Investors usually don't have an aversion to buying an asset. The real gut wrenching decision is when - and if - to sell. Effective Advice For A New Generation of Investors CATCHING A FALLING KNIFEOne of the most common mistakes made by inexperienced investors is trying to "catch a falling knife". This is a habit, common among new investors, of buying stocks that are in "freefall", and it's a bad idea for an investment strategy. Discipline in Investing and Trading Discipline can be simply defined as your ability to follow your investing and trading plan.Discipline is a rather simple concept. Coca-Cola - A Value Stock? There has been much talk lately about Coca-Cola and its potential as a value stock - as it now spots a dividend yield of 2.6% (which is the highest dividend yield since the late 1980s) and a P/E or less than 21 - right at the bottom of its five-year low. Boost Your Income With Financial Spread Betting About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - "financial spread betting". Bankers in Denial Denial is a ubiquitous psychological defense mechanism. It involves the repression of bad news, unpleasant information, and anxiety-inducing experiences. The Demise of Buy & Hold Based on consistent results I think Buy & Hold should be renamed Buy, Hold & Bye-Bye. It sounded great for a while, especially for the huge majority of investors who don't have the time or interest in really doing due diligence on investments. Justify Social Security ... Dont Save for Retirement It is a common question when investors review their retirement plan-should we include social security benefits into our retirement income projections?It seems the closer an investor is to retirement, the more likely he/she will include social security benefits into the analysis. Younger investors, however, may feel compelled to omit such benefits. Wit and Wisdom on Money, Wall Street and Success - Part #2 Here are ten more WISDOM packed GEMS that ooffer very unqiue insights to the world of trading and investing.These quotes promote a philosophy which is readily understandable and sometimes hysterical. Oil and Gasoline Price Uncertainties The Light Crude Continuous Contract hit an all-time high at $70.85 a barrel, while Unleaded Gasoline Futures spiked 50% or $1 a gallon on Tuesday. ![]() |
home | site map |
© 2006 |