by admin on February 3, 2010
With the free fall of today’s stock market, almost every stock is cheap in comparison to values from just a year or two ago. But is a cheap stock really a good value?
The meaning of cheap stock, that is, stocks that they are trading under 60 cents or below, are always enticing – because you put down a small amount of money for a potentially lucrative return. It also looks good because with your investment you are getting a lot more shares, or contracts for you amount invested.
However, for many investors, this scenario is just a pipe dream to buy that stock at 10 cents and see it go to $10. Does happen but not very often and it can be very costly. Sometimes they are cheap for a great reason, they are NO GOOD.
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by admin on January 12, 2010
Do you have student loans? Have you graduated from college and are now overwhelmed by your student loan payments that have grown more than you realized?
You are not alone. Most college students graduate with at least some student loans.
College is expensive and it takes a lot of money to pay for it, a lot of money that most people don’t have. This leads to a lot of money taken out on loan. Once you graduate college you are required to pay these loans off, and it can cost you a lot of money every month.
A lot of recent college graduates have trouble finding jobs. Whether you have the job you’ve been searching for or not, you still have to pay back the money for your student loans. Even if you do get a job right when you graduate, you’re not going to be making what you really want to be earning.
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by admin on January 4, 2010
Self-employment is no longer a means of making some extra money but a full-time career, and many such full-timers are punching their own time clocks and making excellent incomes.
Self-employed business owners have unique tax concerns. Below are ten helpful tax tips for the self-employed, to help minimize Uncle Sam’s tax bite:
1. Keep very good records -
Keep records of all your income and expenses. it’s ultimately up to you to keep very good records, save all receipts and be able to support your deductions.
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by admin on December 8, 2009
Risk tolerance is essential for beginner stock market investing. When you want to learn to invest in the stock market, you’ll discover that each person has a risk tolerance that should be understood thoroughly.
Any reliable and professional financial planner or stock broker must know this so he can help you determine your risk tolerance. Then, that professional needs to help you by recommending which investments don’t exceed that risk level.
It’s a commonly believed misconception that people’s emotions are the only factor in determining investment risk tolerance. That’s not the case at all. Actually, a lot is involved with determining what your risk tolerance level is, and emotions are only a piece of the overall picture.
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by admin on November 8, 2009
Statistics show that the vast majority of new businesses fail within the first few years. That fact doesn’t seem to discourage those with the entrepreneurial spirit, however, as new business are opening every day. And many of them are able to keep their doors open, some even are making a profit.
With the challenges placed on us by the economy, finding and keeping a job is more and more difficult. So those who are so inclined are taking matters into their own hands and opening their own businesses.
Business start-ups are often compared to babies, in that they begin by crawling, then walking, and finally running. Sometimes for businesses, the crawling stage can be discouraging, but that’s to be expected. It is important to stay focused and to not give up hope. Quitters never win.
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by admin on October 29, 2009
Although repairing your own credit is highly recommended, it is sometimes beyond what you believe to be our capability. It may be too emotionally laden and/or you may just not be able to buckle down and make the necessary money management changes without professional help.
When you explore outside agencies, you will immediately notice that there is a plethora of credit repair companies promising you the moon and the stars. Sure, credit repair in 24 hours sounds great, but you can be sure that it’s not going to happen.
This kind of claim can be easily dismissed. Also, the Internet will offer to have several agencies contact you. They will (in 5 months) and/ or they will make some possibly nasty phone calls to you. Avoid these offers.
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The large amount of housing foreclosures has been a huge drain on the U.S. economy. People can’t avoid the black hole when they are losing their jobs, and seeing their sub-prime mortgages skyrocket.
According to a recent L.A. Times article dated July 4, 2009, mortgage defaults have surged to record levels amid rising unemployment and falling home prices. Lenders are expected to move quickly to clear up backlogs as moratoriums on foreclosures expire.
Government and company reports both show that the number of completed foreclosures nationwide slowed sharply late last year and into early this year, largely because of various moratoriums in effect during much of the first quarter.
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Times are still very tough. If you are currently struggling to pay your mortgage, even given the current low mortgage rates, you may be wondering how foreclosure will affect your life?
But more importantly, what alternatives are out there? Foreclosures have a serious and long-term effect on your credit history that you should understand before it happens.
Foreclosure is one of the most damaging items you can have on your credit score, other than a bankruptcy, and it will stay on your score for at least seven years. This means that the effects of foreclosure are going to haunt you for a long time, perhaps even after you get your feet back on the ground after your financial difficulties.
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Back during the Arab oil crisis of 1973, there was a lot of talk about how driving slower was one way to use less gasoline. The next year, the Nixon administration put a national 55-mile-per-hour speed-limit policy in place, and it is credited in part for the decline in gasoline consumption that decade.
However, years passed, oil prices fell, the speed limit policy was eased in the late 1980s, and any tie to federal highway funds was completely repealed as one of the first acts of Newt Gingrich’s Republican Congress in 1995.
Today, I doubt that many drivers think about the connection between speed and gas consumption.
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by admin on April 13, 2009
It is true. The economic environment just doesn’t look good at the moment. The economic pinch is reverberating not only across the United States but around the world.
From the everyday Joe on main street to auto workers in Detroit to traders on Wall Street, money seems like it much harder to come by, but there is money to be borrowed.
I see business owners everyday who are surviving the economic climate the best way they know how. Hard work. Its an American heritage that will never die More often than not, however, growing a business takes more than just working harder than the guy down the street. It takes getting more money to grow your enterprise through business financing.
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