Archive for December, 2009


Hot Penny Stocks – Scams

Filed Under: Penny Stocks by Bill — Comments Off
December 14, 2009

Many people (myself included) have been called to the alluring returns of the penny stocks.  My Google search history is filled with hot stocks penny terms trying to find some secret insight.  There is one serious problem I see, not as bad today, really bad in the earlier years of online trading.  Hot penny stock picks are more susceptible to price manipulation then giant blue chip stocks or the Forex exchange. 

Hot Penny Stocks to Buy

You’ll find these lists all over the web.  The problem you don’t know if the intent of the list is to show off someone’s investing brilliance or to pump a stock up so they can sell out of it for a better price.  This scam is called the pump and dump and it comes in a couple of different varieties.  One version involves a stock market blog or site touting some inside knowledge of a thinly traded stock.  People read the blog posting, see the stock is only a couple of pennies per share and figure they’ll throw a few bucks at it.  If a couple of thousand people do this the trading volume of that stock just increase exponentially for the day and the price skyrockets on nothing.  The person who put up the blog posting sells the stock and buys a new unheard stock and does it again.  You can also find these people talking on forums and in chat rooms doing the same thing.  Some are very good maintaining well thought out arguments and conversations making the situation very convincing.  They’ll get you feeling like you’re among an elite group who knows this information and you’ll all get rich.  Most of the scam artists just sound like robots though.

How to Really Buy Hot Penny Stocks?

I recommend you put very little weight on technical analysis when picking penny stocks.  Unless you are truly day trading them (and I mean glued to your computer screen, no bathroom breaks allowed.)  For most of us it’s ok to dedicate a few percent of our portfolio to the penny stocks, but I would choose them on fundamentals.  Look for stocks that have low debt, good growth, some kind of moat that makes them unique so they don’t get squashed by the competition.  You may lose some completely, but a few of them may get you huge returns for years to counter it.  I personally keep my penny stock choices under 5% of my portfolio

Tags: , , , ,
Permalink

Making Money Trading Forex

Filed Under: Forex by Bill — Comments Off
December 12, 2009

Almost 90% of forex traders lose money. The other 10% either somehow contrive to not lose or maybe turn profits (on occasion extremely significant ones), plus more vitally, do it regularly. How can all the winning traders achieve that?

A Hidden Force?

If you have been online trading for some time, you will have no doubt felt that at times nearby is a hidden force, sucking your money away from your forex balance. It does not count how many books you read, however many automatic forex trading systems you purchase or how much time you expend pouring over charts, you still cannot bar that hidden force from eliminating your forex trading account balance.

Following a Trading Method

Once you have purchased and considered online forex trading systems, next you ought to maintain the restraint to keep to your method. One lack of restraint with this action may bring about a grave slip that can cost you money. If the method you look at forex entry signals or examine a possible trade is altered from how you would have done it a month back; it follows that you have either not followed the method precisely or else you lack the restraint to go along with the automatic forex trading package you have purchased. The strategy for succeeding is to constantly make use of your selected plan. So the finest means to get rid of a lack of discipline is to identify a forex trading plan that works for you and stick to it unfailingly.

Patience

All too regularly, the first snag you will have in your forex trading career is lack of patience. As trading online is exceptionally tempting it is possible to think that you are missing out on some things whenever you do not trade very often. As a consequence, you could begin making trades of smaller and lower caliber and start over online trading.

Opportunity

You should conquer this lack of self-control if you are to discover success with an automatic forex trading system. The most effectual means to fix this is to tell yourself that there will be an extra incredible opportunity approaching really soon. So, do not agonize over missing an opportunity today, since there is sure to be a new one the following trading day, and even more next week plus the following month as well.

Challenging Work

Trading profitably is never simple. It’s exceptionally challenging work . So now if somebody attempts to inform you anything else, they are most likely attempting to sell you a course. However, this exertion could be very rewarding, enormous profits may be achievable and highly satisfying when they do come to pass.

Please visit Forex Trading Systems Online for more information on this topic.

Tags: , , , ,
Permalink

Roth IRA Rules and Rates

Filed Under: Personal Finance by Bill — Comments Off
December 10, 2009

The qualifying Roth IRA rules are fairly uncomplicated. There is no age restriction as any person who is gainfully employed can invest.  The only stipulation you need to have to be eligible for a Roth IRA is taxable income.  Eligible income may incorporate salaries or wages, regular bonuses, tips and fees, together with any additional payment you may receive from your paid employment.

As long as you follow the simple rules then all of the spare money you pay into this type of retirement savings scheme builds entirely free of taxes. You won’t need to shell out a cent in taxes as your savings accumulate, or when you take money out after you reach retirement. For most people a self-directed Roth IRA is preferable to a 401K and various other formats for retirement savings because you can have more control over where your savings are invested.

Roth IRA contribution withdrawal rules are also quite flexible. The contributions you have paid in can be withdrawn at any stage, without incurring a penalty. Make a spreadsheet of how much you contribute every year so you can calculate how much you have invested and withdrawn. Whenever you take money out of your IRA, it is considered to come from the principle first.

As long as five years have gone by from when you made your first contribution into your Roth IRA savings plus you are at least 59½ years old, you can make withdrawals from your investment earnings without taxation. Your five years is counted from the first day of whatever year you made your first contributions. You may just need to check the Roth IRA rates before deciding which scheme you want to put your savings into.

If you decide on a self-directed Roth IRA, you will be investing in the most popular type of IRA.  This is because a self-directed contribution is exactly defined as being one where you are responsible for selecting whereyour hard-earned money is invested.  This is a fairly customary procedure with a Roth Individual Retirement Account (IRA).

Tags: , , , ,
Permalink

Car Insurance for Teenagers – Get it as Cheap as You Can

Filed Under: Personal Finance by Bill — Comments Off
December 8, 2009

Car insurance for teenagers is going to be expensive. There is no such thing as being able to get cheap car insurance for those under 21 years of age. The teenagers have no driving record that they can use to lessen their rates. At the same time, if teens meet certain requirements they might be able to get a reduced rate as a result of being on the family’s insurance policy.

According to insurance industry figures, teenagers are more aggressive on the road than older drivers. In addition, the young male driver is more aggressive than the young female driver. This is not a recipe for obtaining low rates. When a driver is more aggressive things happen and claims are submitted. Insurance rates rise when claims are made, which is why many people choose to pay cash for repairs associated with small accidents, rather than asking their insurance company to cover the bill.

However, there are a few things to keep in mind when pursuing car insurance for teenagers. It is recommended that the teenagers take a driver education course at their school. This will help lower premiums. The less the younger driver uses the car, or less mileage driven; this will be a positive in lowering car insurance premiums. If the teenagers are using the car exclusively for going to and from school, this too is a plus in lowering premiums. Finally, car insurance for teenagers can offer a lower premium if the grades maintained by the young drivers are excellent. Insurance companies equate high grades with less aggressiveness on the highway and generally safer driving.

The family insurance policy will go up when the teenagers are added. More experience in driving will eventually lower premiums. After a couple of years of safe driving the teenagers’ rates will begin to fall. Patience and caution will get the teenagers their lower premiums. And so goes the quest for getting the cheapest car insurance for young drivers.

Tags: ,
Permalink