tag:blogger.com,1999:blog-12278258610187641062024-03-12T17:22:28.193-07:00Your Money Is Your LifeThe Only Personal Finance eBooks You Will Ever Needbillspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-1227825861018764106.post-20589377587377153082009-11-03T14:07:00.000-08:002009-11-04T16:45:00.753-08:00Bad credit debt consolidation - What are your options?by Michelle Taylor<br />
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If you have a bad credit rating, you are not the only one. There are many debtors that are sailing on the same boat as you are. Every debtor is trying to explore ways in which they can restore their financial well being. It is possible to get a <a href="http://www.debtconsolidationcare.com/">bad credit debt consolidation</a> but you may have to pay a price for having a bad credit history. What is the price? <br />
<br />
If you are planning to take out an unsecured debt consolidation loan, the rate of interest you will have to shell out will be higher. Why do creditors charge very high interest rate from debtors with bad credit rating? This is because if you have a bad credit rating, it indicates that your repayment capacity is poor. So, extending a consolidation loan may prove to be risky for the creditor. <br />
<br />
The high rate of interest is charged so that it acts as a safety net for the creditors. However, it is quite difficult to get bad credit debt consolidation loan as creditors have adopted very stringent lending norms. As compared to other types of debts, credit card debts have escalated manifold. There are 2 prominent reasons why credit card debts have assumed an uncontrollable proportion. <br />
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One of the prominent reasons is that the credit card issuers changed their credit card payment policies and altered credit limits. But the same alterations were not communicated to the credit cardholders. As such the credit cardholders continued using the credit cards as per previous terms and conditions. Soon they started defaulting on their credit card payments. <br />
<br />
Another reason that caused credit card debts to escalate was the fact that credit cardholders started using plastic money for making payments for their basic needs too. But these credit cardholders were not able to keep up with the payments. This caused credit card debts to escalate. <br />
<br />
So, if you are looking for a bad credit debt consolidation loan, shop around for a creditor that will charge the lowest interest rate. When you consolidate your credit card debts with the help of a consolidation loan, you merge all your debts into a single debt account. This makes your debts manageable. Thereafter, you are required to deal with only one creditor. <br />
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<br />
I intended to run this experiment for 1 year and that year has passed. I cannot say that I made much progress. I did begin a project but I never finished.<br />
<br />
However, I intend to re-start the project now over at <a href="http://www.money-hacks.com/">Money Hacks</a>. There, you can get the latest updates to Stock Investing Basics as well as up-to-date information and articles about personal finance, investing, saving, and all sorts of other money matters.<br />
<br />
Please take a moment and bookmark <a href="http://www.money-hacks.com/">Money Hacks</a> and change your feedreaders to http://feeds2.feedburner.com/moneyhacks.<br />
<br />
I appreciate your continued support and for letting me run this little experiment.<br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-86774248537465698162009-02-18T13:50:00.000-08:002009-02-18T13:50:27.828-08:00Open Office and Other ToolsI'm really digging Open Office. It's slow, but powerful. Once the application is launched, it works pretty well.<br />
<br />
I was having issues with hyperlinking, but I've got those figured out.<br />
<br />
One of the nicest features of Open Office is the built-in PDW export feature. It's not only great for outputting a PDF file (just like Adobe's Acrobat, only $$$$ less as in FREE), but it preserves any hyperlinks you have.<br />
<br />
Yes, clickable hyperlinks in your PDF ebooks! That is too cool.<br />
<br />
I am looking for an ebook cover creator. Free would be best, but it has to work and produce beautiful results, so I'd consider dropping some money if it really worked well.<br />
<br />
I've seen this - <a href="http://billspaced.pbecovers.hop.clickbank.net/">E-Cover Creator</a> - and it looks promising, but it costs $27 and I'm wondering if there's anything out there as good, if not better, than this for less (as in free)?<br />
<br />
I'd like to put a pretty face on the package when it's complete. Of course, I would like to be able to replicate the cover making with other products that I develop.<br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-54551576825792628102009-02-18T13:35:00.000-08:002009-02-18T13:35:07.544-08:00Entrecard IssuesOne of the <i>free</i> traffic sources I use in <a href="http://www.entrecard.com/">Entrecard</a>. I really like the "barter" network there and I've found some really good blogs, as well as having a pretty good exposure to new and varied audiences through their advertising platform.<br />
<br />
Plus, did I mention, it's FREE?<br />
<br />
Well, I just encountered a bump in the road with Entrecard's policies, one of which is your blog has to remail "current."<br />
<br />
Totally my fault, of course. I haven't been updating this site because it was created primarily to complement the creation of my free ebook, <a href="http://www.yourmoneyisyourlife.com/2008/10/stock-investing-basics-chapter-7.html">Stock Investing Basics</a>, and <a href="http://www.yourmoneyisyourlife.com/2009/02/stock-investing-basics-status.html">I just haven't had the ambition to finish it due to the underwhelming performance of the stock market</a>.<br />
<br />
So, when my account was deleted, I fired off an email, saying, basically, that while it's your policy, it would be really cool - and easy - if you could just send a reminder before you just cut me off at the knees.<br />
<br />
And, oh, by the way, the currency of Entrecard, "credits," disappear.<br />
<br />
I was more than a little perturbed. I never expected anything to come of my email.<br />
<br />
But, something did come out of it. I got in touch with a really nice fella there named Matt, who is doing all he can to get me back to where I was.<br />
<br />
I REALLY appreciate that!!!<br />
<br />
It seems that nowadays, customer service has gone out the window, or to India, and I'm always pleasantly surprised when customer service actually embodies the values companies purport to have.<br />
<br />
In this case, Entrecard made a bad customer experience into a good one. One of the conditions of getting my account restored is that I write 5 new posts. This is number 4.<br />
<br />
Next post, rapid fire from here, will get me back on the Entrecard saddle.<br />
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Lesson to be learned here - read the Terms and Conditions or Terms of Service. It's YOUR fault if you don't follow them.<br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-77488760042394888842009-02-18T13:09:00.000-08:002009-02-18T13:09:41.859-08:00Stock Investing Basics - StatusOkay, I'll admit it, with the crummy economy and cruddy stock market that goes with it, I haven't had the heart or desire to work on Stock Investing Basics.<br />
<br />
But I feel - or least <i>hear </i>- change in the air. Is it Phil Collins? Or is it Barack Obama?<br />
<br />
Time will tell. And in time, I'll complete the book and start giving away a <i>finished product.</i><br />
<br />
Thanks for your patience!!!<i> </i><br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-31861807123845208062009-02-18T13:06:00.000-08:002009-02-18T13:06:43.222-08:00What If You Lost Everything?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_GKDA0bQAqEmqb1o44UM6Vv5xnyebNmEyjRbX_i_OhlPE4BVQuIXPClMO-cP5ah63Lc9U7OwBiEjQyImFPpk6KKnJepBf31mwiVSrQ6AhcpTZ7CR2xO5DNQp9ed5BfI0i7K6F9kIQqnk/s1600-h/bankrupt.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_GKDA0bQAqEmqb1o44UM6Vv5xnyebNmEyjRbX_i_OhlPE4BVQuIXPClMO-cP5ah63Lc9U7OwBiEjQyImFPpk6KKnJepBf31mwiVSrQ6AhcpTZ7CR2xO5DNQp9ed5BfI0i7K6F9kIQqnk/s200/bankrupt.jpg" /></a></div>If you lost your house, your car, all other assets, your job, what would you do?<br />
<br />
Now, I'm not talking about suffering from debilitating disease where you spend all your money, sell your assets, etc. to pay the medical bills, only to lose your job and its income...that would be a real hardship!<br />
<br />
But what if you made a colossal mistake and lost everything?<br />
<br />
What would you do?<br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-79602067835731789102009-02-09T22:36:00.000-08:002009-02-09T22:41:18.896-08:00President Obama and the Economy<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGQXkYUlBLqhyphenhyphenf5gZWJbLcT10ILIc2TxI0ETePOmyRQSqdCfcpBDczySgz2PiXCPSH4oixlRMSZhE6nzKIjugq3zNDCN2zRItjt5m1OZcFNmxlGK4ifJyXk9N9azCWRkClWdCTNn1xDXg/s1600-h/recessionjobhunters.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGQXkYUlBLqhyphenhyphenf5gZWJbLcT10ILIc2TxI0ETePOmyRQSqdCfcpBDczySgz2PiXCPSH4oixlRMSZhE6nzKIjugq3zNDCN2zRItjt5m1OZcFNmxlGK4ifJyXk9N9azCWRkClWdCTNn1xDXg/s200/recessionjobhunters.jpg" /></a></div>Just saw part of President Obama's press conference...the guy has his head on straight where the economy is concerned.<br />
<br />
It's like he took some basic econ in his college coursework! Now, if only members of Congress actually lived in the real economy, we'd get something done.<br />
<br />
Don't forget that the economy back in the '30s actually had a few false starts, then spiraled down deeper than the last cycle. It could happen here, though I think there are other factors at play this time around.<br />
<br />
Bottom line: If Consumer spending and Investment are down, Government spending must go up a concomitant amount just for <i>zero growth.</i><br />
<br />
Republicans: Read that last sentence twice, starting at Bottom line!<i> </i><br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-38603751525220796672008-10-14T04:08:00.000-07:002008-10-14T04:09:17.511-07:00Stock Investing Basics: Chapter 7 -- Portfolio BasicsChapter 7<br />
Portfolio Basics<br />
<br />
Remember Axiom #7? The one about putting all of your eggs in one basket? Yeah, that one. If you want to minimize your risk while maximizing your return (optimizing your risk/reward ratio), you'll want to diversify. Diversifying your portfolio takes out a lot of the risk without significantly affecting your reward.<br />
<br />
To diversify means to spread your portfolio out into more than one or 5 stocks. 7-10 is a good number. You can certainly over-diversify, too, by investing in too many individual stocks. You also suffer because the more stocks you own, the harder it is to keep track of them and do your homework.<br />
<br />
An easy way to diversify is to buy a mutual fund. The fund management team has already done some of the homework and has chosen dozens, if not hundreds, of stocks, taking a lot of the risk out. Don't think that you've diversified simply because you own a mutual fund or two (or ten). Many mutual funds are heavily weighted in one sector or another (or a country). For example, many mutual funds were heavy in technology stocks in 2001, and we all know what happened there! <br />
<br />
Such non-diversity really ate into a lot of people's portfolios. <br />
<br />
People who run their own businesses could be thought of as ultimately putting all of their investment eggs in one basket. But there is a difference. To say that you've put all of your eggs in one basket is a definite understatement. That business is your livelihood and you really have a vested interest in keeping it afloat and growing. However, we're talking about investing your extra dollars here, not building a business. So, take it from me: Own at least 7 stocks or a well-diversified set of mutual funds.<br />
<br />
Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-77119065035191397762008-09-30T16:02:00.000-07:002008-09-30T16:07:35.623-07:00Stock Investing Basics: Chapter 6 -- Goals, Risk Tolerance, and Objectives<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid3wEYVAj_OJ7ccADQCM7xtm8ZtS2mmRZ11tPWiPZAJ4YilviErv1lSbjjlmL2xWVbulCjdgb6y30TrN39nvwJScdRGw6nxlsetfPEsIbL184DeYryZsIMX0nYMVVNpwmPaDLAiZP0BAs/s1600-h/bull_and_bear.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdPOPpee0m3s3u12KCzIPuKoKfc1xYYlBlbQaETBX79Xv59Mu1owom84V90K9GDMcI6sQKB8d4hD64lwIqPLdydO371IBTYOp1w8TCXibvQHylXEtmxphFFeF_kurB0dzb92YZzzgiumk/s200-r/bull_and_bear.JPG" /></a></div>Chapter 6<br />
Goals, Risk Tolerance, and Objectives<br />
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At its most basic level, investing in stocks, or equities, is exchanging your some money now for more money later and if you choose your investments wisely, you can earn 8, 10, 12, or 15 percent annual returns, or more. <br />
<br />
If you had invested $1,000 in Wal-Mart in 1971, you'd now have well over $2 million. Now, hindsight is 20-20, so its safe to say that you don't even know what the next Wal-Mart, Dell, Microsoft, or Google might look like. (If you do, tell me!) <br />
<br />
You, and ONLY you, can determine what your goals are, how much risk you can tolerate, and how you can best get to where you need to go without driving yourself batty. <br />
<br />
Here are some things to consider. First, it's riskier NOT to put your money in an equity. Here's why: Inflation. Inflation is the tax on everyone and everything that reduces your wealth every single day. If you're not earning at least the inflation rate in your savings and investments, you're losing money. Typically, this meant you had to earn, after taxes, at least 2-3 percent every year. Currently, savings accounts are yielding 3 percent and inflation rose at a 12 percent annual clip last month (1.1 percent for the month); you lost 9 percent. <br />
<br />
You also have to take into consideration your risk tolerance. Ask yourself this: If I were to invest in company XYZ, and it lost 50 percent of its value overnight (or just pick WM, which has lost 90 percent in one year and whose dividend was cut twice, all the way down to a penny), how would you feel? Would your blood pressure rise precipitously? Would you toss and turn at night, unable to sleep? Or, would you chalk it up to a lesson learned and go on your merry way? (Remember Axiom #1!) <br />
<br />
Now, how do you propose to get from A to B and all the way to your ultimate goal of Z? Only by balancing your goals and risk tolerance, taking into consideration all the market forces and stock fundamentals, can you succeed. <br />
<br />
The easy way is to allocate more than you need and accept lower returns with lower risk. This brings us to a concept called the “<a href="http://www.investopedia.com/terms/r/riskrewardratio.asp">Risk/Reward ratio</a>,” which is your personal tolerance for risk given a return, or conversely, your expected return for a given amount of risk. <br />
<br />
Many people have little patience for the ups and downs of the stock market; they simply want to put their money somewhere and let it grow. Investments that may be suitable to these types of folks are saving accounts, bonds and bond funds, or index funds that attempt to mirror an entire “market” or index like the S&P 500 (listed in order of riskiness). <br />
<br />
Later, we'll talk about Scenarios and how this balance between risk and reward factors into your investment portfolio.<br />
<br />
<div style="text-align: center;"><i>Want this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.</i> </div>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-3736571509610235482008-09-11T16:20:00.000-07:002008-09-11T16:23:03.535-07:00Stock Investing Basics: Chapter 5 -- Investment AccountsWant this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US">Subscribe to my feed</a>.<br />
<br />
Chapter 5 <br />
Investment Accounts <br />
<br />
We touched on this a little earlier. You can buy investment securities (stocks and bonds and all their variants) in various investment accounts: <br />
<ul><li>Brokerage account (see eTrade, Scottrade, and Sharebuilder). Can be taxable or tax-sheltered </li>
<li>Mutual Fund company account </li>
<li>401k retirement account (or an equivalent like a 403b) </li>
</ul>When you open an eTrade account, you can open a taxable brokerage account, an IRA, a Roth IRA, or an Education Savings Account (also known as a Coverdell Account). For most people, you'd open a taxable brokerage account or some sort of IRA to invest in stocks, stock mutual funds, and ETFs. <br />
<br />
If you open an account with Fidelity, T. Rowe Price, or Vanguard (three of the most popular mutual fund companies), you can open a taxable or retirement account, with the investment vehicles being mutual funds. Some mutual fund companies are also brokerage companies (and some offer 401k services as well), so the water can get a little muddy; however, if you choose a company like Fidelity, you can conceivably manage ALL of your investments with one company and one logon. <br />
<br />
Your 401k, if you're so lucky to be enrolled in one, is one of the better retirement plans concocted by the federal government. Named after the IRS tax code that enabled it, 401k plans allow you to shelter pre- and/or post-tax income in mutual funds, stocks, bonds, and conceivably any other security investment you can think of. This money grows until you retire and begin withdrawing funds. Fidelity, Hewitt, and Merryl Lynch are the three biggest 401k plan administrators. <br />
<br />
IMPORTANT NOTE about your 401k: Choose your investments wisely! Many HR departments, for some reason, don't want you to have many choices. It's as if they think their employees are stupid and if given too many choices they'll not choose anything at all, or – WORSE YET – invest in the default instrument, the company stock. <br />
<br />
DON'T EVER INVEST IN YOUR COMPANY STOCK WITH YOUR RETIREMENT FUNDS. <br />
<br />
If you do, and your company pulls the same stunts as Enron, you deserve what you get: NOTHING. I'm sorry to be so harsh, but it's just foolhardy to put your employment and 401k in the hands of a single employer. If the company's prospects go south, you could lose your job and your retirement! <br />
<br />
In each of these types of accounts, you can invest in the “stock market,” and, in general, it won't really matter which one we're talking about because the mechanisms are similar (buy, sell, hold). Surely, there are specific strategies that you could employ to minimize the tax bite or mitigate risk, but, in the grand scheme, these considerations are rather insignificant. <br />
<br />
Except for one thing: Your time horizon. Assuming you're in your 50s or younger, you may want to have a longer time horizon (or holding period) in your retirement funds (invested in a form or IRA or 401k/403b) compared with a shorter time horizon in your taxable accounts. You may. <br />
<br />
It all depends upon your goals and risk tolerance. For example, if you are 25, have a baby, and want to fund his college education, your time horizon for an ESA or 529 is about 18 years (assuming your child goes off to college as soon as he graduates high school), whereas your time horizon for retirement might be 30-40 years. You can obviously take on less risky investments if your time horizon is shorter. However, you also have less time to earn money so your objective might be to earn a cumulative return of 12 percent on your ESA money but an 8 percent return on your IRA money, for example.billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-48967984268310200022008-08-25T15:50:00.000-07:002008-09-09T05:44:00.646-07:00Stock Investing Basics: Chapter 4 -- Stock Investment VehiclesWant this delivered to your inbox? <a href="http://www.feedburner.com/fb/a/emailverifySubmit?feedId=1838939&loc=en_US%27">Subscribe to my feed</a>.<br />
<br />
Chapter 4<br />
Stock Investment Vehicles<br />
<br />
As alluded to before, there are a variety of ways to invest in stocks or “the stock market.” Here are the most common ways:<br />
<ul><li>individual stocks</li>
<li>mutual funds</li>
<li>open end</li>
<li>closed end</li>
<li>Exchange Traded Funds</li>
<li>Futures and options</li>
</ul><br />
We won't talk about the last one, as futures and options for the average stock investor are more speculation than investment. <br />
<br />
There are also different types of investment accounts, such as taxable brokerage accounts, accounts you open with a mutual fund company, IRA accounts, Sharebuilder accounts, and 401k accounts.<br />
<br />
Let's start at the beginning. Individual stocks can be purchased in a few forms: Directly from the company (direct stock purchase programs), through a DRIP, through a broker, or through a retirement account such as a 401k or IRA. The price you pay is based upon the supply and demand of the particular stock you're purchasing; there is an “ask” price and a “bid” price, the difference being the so-called “spread.” There's almost always a commission expense incurred.<br />
<br />
Mutual funds are nothing more than funds investment companies put together that pool individual investors' money to buy individual stocks. There are all sorts of mutual funds: Actively managed funds that focus on a sector, or a country or region, large-cap, small-cap, and medium-cap; passively managed funds that aspire to mirror a particular index, like the S&P 500; you name it, you can find it in a mutual fund!<br />
<br />
Open-ended mutual funds are priced solely on their Net Asset Value (NAV), which is determined by the total value of the fund (the addition of each stock's price per share times number of shares) divided by the number of outstanding shares. If you invest one hundred new dollars in a mutual fund, the mutual fund buys $100 worth of one or more stocks (it can also keep your investment in cash) and the total value of the fund rises by $100. Tomorrow, if the fund buys 20 shares of a stock at $5, the NAV will be adjusted due to the new number of outstanding shares and added value that came from your investment in cash.<br />
<br />
Closed-end funds have a fixed number of shares outstanding; that is, fund managers do not buy or sell shares in the companies they initially held. Throughout the life of the fund, the same companies are held. The value of the fund may equal the equivalent NAV of the underlying shares or it may trade at a premium or at a discount. The price is driven by the relative prospects of the underlying investments.<br />
<br />
Mutual funds are great to use with dollar-cost averaging.<br />
<br />
Exchange Traded Funds, or ETFs, are traded just like individual stocks. They're a great way to invest lump sums of money in an index, for example, because their management fees are very low and you pay a one-time commission to buy them. They're bought just like stocks and offer all the advantages and disadvantages (except they do offer diversification), but they are comprised of a basket of individual stocks like a mutual fund.<br />
<br />
These are all the stock investments you should consider. Now, we move on to the various accounts.<br />
<br />
<a href="http://www.box.net/shared/10q7qv8vtp">Draft of eBook download</a>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-64711678710214985292008-08-21T11:47:00.000-07:002008-09-09T05:43:47.010-07:00Stock Investing Basics: Chapter 3 -- The Stock MarketChapter 3 <br />
The Stock Market <br />
<br />
So, just what is this “stock market” we hear about on the television and read about in the newspaper and Internet? Well, it depends. <br />
<br />
Sometimes, when “the market” is referenced, it means the entire global market, as in “The stock market is down today, based upon these 5 indexes.” <br />
<br />
Other times, “the market” means the S&P 500, which is not a market but an index (more on that later). <br />
<br />
Still other times, “the market” means the New York Stock Exchange or some other “market.” <br />
<br />
To be precise, it's this latter use of the term “the market” that makes the most sense and is strictly the best definition. <br />
<br />
Think of it this way: When you go to the grocery store, you've gone to “the market” for groceries. You didn't go to 18 different places and check the general level of prices. You didn't check on potatoes at Safeway, oranges at Lucky, and yogurt at Trader Joes. You didn't survey the price of a basket of goods in Chile, Pakistan, and England. <br />
<br />
You went to your local grocer and bought some things. That's your market. <br />
<br />
In any event, in a very generic way, people say they invest in “the stock market” when they really mean they invest in stocks. When you shop for bread, you may want the cheapest wheat bread. Or you may want the best price for a certain brand; you may shop in two or three different stores to find it. Or you may say, “The heck with this! Bread is too expensive. I'll buy another type of starch to satisfy my starch needs.” Or, “I'm going on the South Beach Diet anyway and can't eat bread for a month!” <br />
<br />
All that said, it's obvious that there's more than one way to look at all of this. This is where “stock picking” gets really interesting. I'll go into more detail later, but here are some brief examples of different approaches one can take when investing in individual stocks. <br />
<br />
You may know of a stock that you want to investigate, perhaps its a retail store that you think has potential (let's say it's Whole Foods – organic and green is in, cheap is out). In doing your research, you find that it's price is a little depressed compared to where you think it ought to be, but you find that one of its competitors is even more compelling. So, you investigate it, too, and you find that the whole industry is depressed and poised for a run up in price. <br />
<br />
You've gone from evaluating individual stocks to evaluating an entire industry. Maybe you found in your research that a grocery competitor based in Canada was an even better prospect. Now, you look into Canada and you find that it is resource-rich, it's currency is strong, and it just signed a trade agreement with, say, China. <br />
<br />
Now you're interested in investing in the entire country. See how this works? <br />
<br />
You can invest in<br />
<ul><li>individual stocks (like Wal-Mart)</li>
<li>an industry (like Retail)</li>
<li>a country (like the USA, in the form of a widely-known index like the S&P 500)</li>
<li>a region (like Asia, in the form of an Exchange Traded Fund that mirrors the Bank of New York Asia 50 ADR Index) <br />
</li>
</ul>As you can guess from this, there are stocks, mutual funds, ETFs, and other ways to invest in “the stock market.” Next up, we'll talk about these instruments.<br />
<br />
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<a href="http://www.box.net/shared/10q7qv8vtp">Draft of eBook download</a>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-1452769949059537292008-08-12T21:22:00.000-07:002008-09-09T05:43:34.091-07:00Stock Investing Basics: Chapter 2 -- What Are Stocks?Chapter 2<br />
What Are Stocks?<br />
<br />
When a company wants to raise money to expand, it can do so a number of ways. It can raise private equity, where investors give money to the company in return for an equity position. It can bring in more partners, too. A company can raise money by issuing bonds, too, where in return for $1000, for example, the company will pay you interest over a period of time and then return your money. In effect, you've loaned the company money, just like a bank would.<br />
<br />
The company can get a loan through the Small Business Administration as well.<br />
<br />
Many companies, however, have chosen to go public. The most recent “IPO” (or Initial Public Offering) that made giant headlines was Google (GOOG), which made waves by gaining over 500 percent in a few short years.<br />
<br />
Google, and the thousands of other companies that have issued shares of stock to the public, did so to fund new initiatives, expand their marketing campaigns, do more research and development, develop products and services, or a host and/or combination of these and many other things in return for giving up some equity, or ownership, in the company.<br />
<br />
That's right, when you buy a single share of a public company that has 1,000,000 outstanding shares, you own 1/1,000,000 of that company! You get to go to shareholder meetings. You are entitled to quarterly and annual reports. You, my friend, get dividends, when and if the company decides to issue them.<br />
<br />
You own a piece of Google! Congratulations. In years past, you even got a stock certificate, a piece of paper, suitable for framing, that showed you owned one share of the company. Nowadays, however, you will not get that certificate; you'll have to ask for it and it comes at a pretty stiff price (as in, your $10 stock – not Google, by the way – may cost you $75).<br />
<br />
In short, owning shares of stock in a company means that you are an owner of that company. In theory, you have a say on how the company is run. But that's just in theory. All it really means is that you'll get dividends if they're doled out and you get to enjoy the fruits of management's labor in terms of capital appreciation.<br />
<br />
There, we've hit on the two – and ONLY TWO – components of stock market performance: Dividends and capital appreciation. If you want to measure the performance of your portfolio in a given year (assuming you buy a stock on January 1 and still own it on December 31 of that same year), you take the difference between the price you it's worth at the end of the year minus the price you paid for it, minus any commissions you paid plus your dividends all divided by the price you paid for it. In equation for, it looks like this:<br />
<br />
(Ending price – Beginning price – commission + dividends)/Beginning price<br />
<br />
Keep in mind, you'll have to convert these figures to per share values (you generally pay a flat commission – or nearly flat – no matter how many shares you buy).<br />
<br />
Things get complicated because there are different classes of stocks: Common stock, preferred, convertible, etc. Even within each of these, there may be different classes (common type A, versus common type B).<br />
<br />
Suffice it to say, except for very specific circumstances, we'll be talking about common stocks.<br />
<br />
Things aren't all rosy, either, when you're an owner in a public company. If the company loses money, it may reduce its dividend or cut it out altogether. The stock price can decline, too, based upon company-specific fundamentals (more on this later), industry news, or general economic trends. At the end of the year, your stock may be worth less than you paid for it.<br />
<br />
In general, stocks of good companies rise over time and stocks of bad companies fall or stay flat, over time. Stock prices really are a good indicator of how the “market” interprets the present and future profitability of any given company.<br />
<br />
Take Google again. The stock rose so fast in price due to two overwhelming factors: First, when it had no earnings (another word for “profit”), the market thought that its future earnings had outstanding prospects. Then, when the market was proven right, the future became the present, and the present profitability coupled with the accelerating future expected profitability caused the stock price to rise even more rapidly. <br />
<br />
As you may guess, things work in the opposite way, too. Let's look at Enron, THE case study for how to run a company – and its stock – into the ground.<br />
<br />
In the late '90s, Enron was one of a few business school case studies for how to run a company. Profits, growth, and future earnings seemed limitless. Nothing could go wrong (this is always the first hint that things are about to go very, VERY, VERY wrong), until the bottom fell out. Enron defrauded everybody. Enron management, along with management from MCI Worldcom and others, basically created false hope of future profitability by booking future revenue in the present and removing current liabilities from present the balance sheet. In short, they put really good lipstick on a really hideously ugly pig.<br />
<br />
Here's a telling graphic of the rise and fall of Enron.<br />
<br />
But companies can do everything on the up and up and still fail. It all depends on management, the industry, execution, luck, and timing, among many other things. Some companies rise quickly and fall just as quickly. Some slowly rise and slowly fall as they fail to innovate.<br />
<br />
It's your job as a potential owner, to pick the right ones and let others pick the wrong ones.<br />
<br />
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<a href="http://www.box.net/shared/10q7qv8vtp">Draft of eBook download</a>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-17048946192023406322008-08-08T10:41:00.000-07:002008-09-09T05:43:15.672-07:00Stock Investing Basics: Chapter 1 -- AxiomsChapter 1<br />
Axioms<br />
<br />
In mathematics and logic, we are introduced to the term “axiom” which is nothing more than a starting point from which we will begin to formulate theories and draw conclusions. There is no logical “proof” that these axioms are “correct;” in other words, their truths are taken for granted.<br />
<br />
Of course, these are my axioms and are subject to debate. But stay with me for a few minutes.<br />
<br />
AXIOM #1<br />
Never invest money in an investment vehicle (stock, bond, or hard asset like gold or silver) that you cannot afford to lose.<br />
<br />
Invest as if you will never see that money again. Sure, you're investing your money, hoping that it will grow over time. But investments rise and fall, and if you need the money tomorrow, next month, or even in the next five years, either don't invest it or call it a speculation. <br />
<br />
AXIOM #2<br />
Stocks and bonds can be investments. Futures and options are speculations. You will lose your money in speculations just as easily as you do in Vegas. The “house” always wins, over time. Of course, you can win, and win BIG, on occasion, but you'll find, over time, the your losses outpace your gains. Factor in commissions and taxes, and these speculations nearly always result in net losses for you, “the little guy.”<br />
<br />
AXIOM #3<br />
Invest early. Compounding your dividends and/or interest, tax free in many cases, is a huge advantage that you'll want to leverage. The sooner you begin investing, the sooner you'll reap the benefits. Wouldn't it be better to begin investing at 5 and attain your goal of $1 million (or whatever) at 35 than to wait until you're 35 and attain that goal at 65? Plus, $1 million will be far worth less at 35 than when you turn 65.<br />
<br />
In other words, you'll need $2 or $3 million at 65 to have the equivalent amount of money at $1 million at 35.<br />
<br />
AXIOM #4<br />
Invest often. Dollar cost averaging works. In effect, you're putting the investing maxim, “Buy low and sell high,” to work in a systematic fashion – if you invest a set amount each and every month in a mutual fund, for example, you'll be buying more when stocks have fallen in price and you'll be buying less when stock prices rise.<br />
<br />
AXIOM #5<br />
Take advantage of employer-sponsored savings plans like 401k or 403b. Max the match (more later). It's free money so take it!<br />
<br />
AXIOM #6<br />
Don't be greedy. Establish limits, especially with stocks, that set prices where you'll sell (do the same on the buy side). In doing your research, you'll come up with an upper price valuation where, once reached, the stock you've purchased will have become fully valued. Any rise after that, and you're being greedy (or, you've underestimated the stock's fundamentals, but more often than not, the price will fall precipitously and you'll be back to square one).<br />
<br />
AXIOM #7<br />
Don't put all of your eggs in one basket. OR, if you do, watch the basket!<br />
<br />
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<a href="http://www.box.net/shared/10q7qv8vtp">Draft of eBook download</a>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-84081861354056814012008-08-06T05:42:00.000-07:002008-09-09T05:38:38.750-07:00Stock Investing Basics: IntroductionIntroduction to <br />
Stock Investing Basics<br />
<br />
Everybody wants to win big in the stock market. I can recall a time not long ago where scads and scads of people quit their jobs to become “day traders.” <br />
<br />
I'm reminded of The Simpson's episode where Homer became a stock trader in his own company. He amassed a tiny gain, bought something with it, and found that he sold far too soon when all of his working buddies drove into work the next day in fancy cars, sporting facelifts and other signs of the nuevo riche.<br />
<br />
Many of us made small fortunes during the last bull market. Some of us amassed HUGE amounts of cash. All that happened in the late 90s and early 2000s, ending abruptly in 2001, when the recession came, 9/11 exacerbated it, and the NASDAQ tumbled.<br />
<br />
Guess what? Those day traders became unemployed and homeless. Some went bankrupt. Some undoubtedly lost everything: Money, homes, and cars. Marriages were broken. It's a safe bet some died from the stress.<br />
<br />
But that's not why you're here. You didn't acquire this book to be discouraged. You got it because you wanted helpful advice on navigating the “stock market.”<br />
<br />
Let's get a couple of things out of the way. <br />
<br />
<ul><li>First, there is no single stock market. In fact, there are many. Some are physical, like the New York Stock Exchange, and some are “virtual” or computer-driven, like the NASDAQ.</li>
<li>Second, there are fundamental differences between investing in the stock market and speculating in it. We'll get to that a little later. Suffice it to say, for now, that investing is about the long-term and speculating is about the short-term.</li>
<li>Nobody involved in the stock market cares about your particular plight; they're in the market for the same reasons as you are. They want to increase their wealth.</li>
</ul><br />
The inspiration behind this book is the readership of my personal finance sites, Money Hacks and Your Money Is Your Life. I owe it to my readers for energizing me and compelling me to embark on a quest to educate, encourage, and inspire others to make their lives – both financial and non-financial – better.<br />
<br />
My initial foray into the personal finance world was back in the late 80s while I was in college when I became interested in stocks, the markets, how they worked, and how one could amass a sizable portfolio over time if one followed a few simple rules, which I will call axioms, the subject of the first chapter.<br />
<br />
<a href="http://www.box.net/shared/10q7qv8vtp">Draft of eBook download</a>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-22874172447527160392008-08-06T05:34:00.000-07:002008-09-09T05:42:56.631-07:00Early Drafts of Upcoming eBook Will Be Posted HereI'm currently writing an eBook that I will give away, tentatively titled "Stock Investing Basics." I will post working drafts of the book on this site. Please read them at your leisure and if you have any constructive criticism, please let me know in the comments. Note that these are rough drafts and not in any way, shape, or form are they to be considered finished or polished. Please take that into consideration when commenting.<br />
<br />
First post will be coming out shortly.<br />
<br />
<a href="http://www.box.net/shared/10q7qv8vtp">Draft of eBook download</a>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-78645556392178489142008-07-30T17:18:00.000-07:002008-08-06T05:58:54.926-07:00Writing Tools Chosen: Open Office WinsI finally chose the writing tools I'm going to use to publish my eBooks on personal finance -- Sun's Open Office, a free tool that is every bit as good, if not better, than Microsoft Office. It's far superior to all the online applications that I tried, too, like Google Documents and Zoho Writer.<br />
<br />
I use box.net to store all my stuff online, download it to edit it, and upload the new version so I can work on it from anywhere.<br />
<br />
Open Office works on my PC and Mac, though the Mac version is a little weird to install (hint: Install the <i>English</i> version of <i>Aqua</i>).billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-41943187618574330152008-05-06T06:48:00.000-07:002008-05-06T06:57:25.660-07:00Money Hacks: 7 Millionaires in 7 Years!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjp-KKd3fdTY1eBNJAU2i4yeRwI52HPTD1D6DVVht2q1LUsLhwHk5mW753eMLc1uZo7fl6Y5D86mUzd8WimegR6WNQJueBBKSEYh8sXykofDhmQx98yAVayLcJGZkfVepZCOL7hHrBQ6mE/s1600-h/One+Million+Dollars024.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjp-KKd3fdTY1eBNJAU2i4yeRwI52HPTD1D6DVVht2q1LUsLhwHk5mW753eMLc1uZo7fl6Y5D86mUzd8WimegR6WNQJueBBKSEYh8sXykofDhmQx98yAVayLcJGZkfVepZCOL7hHrBQ6mE/s200/One+Million+Dollars024.jpg" alt="$7 Million in 7 Years" id="BLOGGER_PHOTO_ID_5197261744919716418" border="0" /></a>My blogging friend, AJC from <a href="http://7million7years.com/">7million7years</a>, has launched a new site called <a href="http://7m7y.com/">7m7y</a>. There, he will choose 7 Millionaires in Training.<br /><br /><span style="font-weight: bold;">YOU could be one of them!</span><br /><br /><a href="http://www.money-hacks.com/2008/05/7-millionaires-in-7-years.html">Money Hacks: 7 Millionaires in 7 Years!</a><br /><br /><div class="tag_list">Technorati Tags: <span class="tags"><a href="http://technorati.com/tag/Millionaire+in+Training" rel="tag">Millionaire in Training</a> | <a href="http://technorati.com/tag/7+Million+7+Years" rel="tag">7 Million 7 Years</a> | <a href="http://technorati.com/tag/7m7y" rel="tag">7m7y</a> | <a href="http://technorati.com/tag/Money+Hacks" rel="tag">Money Hacks</a> | <a href="http://technorati.com/tag/Your+Money+Is+Your+Life" rel="tag">Your Money Is Your Life</a></span></div>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-22616252616590928902008-04-13T05:28:00.000-07:002008-04-13T05:46:00.555-07:00Your Money Is Your Life: The Book SeriesYes, you read that right: The <span style="font-style: italic;">Books. </span>I think I'll be writing several eBooks rather than just one. One book with all the material I'm planning to write about would weigh more than The Phone Book (I know, it's an eBook so it weighs <span style="font-style: italic;">nothing, </span>but you get my point -- it would be <span style="font-style: italic;">long</span>).<br /><br />So here's the idea: I will write an eBook on each of the following topics, maybe more. Each eBook will cost between $5 and $10. Buy multiples in the series, get a discount. Buy the whole series, get a bigger discount.<br /><br />Topics<br /><ul><li>Earning</li><li>Spending</li><li>Saving</li><li>Preserving</li><li>Investing</li><li>Multiplying</li></ul>In my initial post, <a href="http://yourmoneyisyourlife.blogspot.com/2008/03/your-money-is-your-life-book.html">Your Money Is Your Life, The Book</a>, I talked about writing a book on all of those things. Now, due to a slight change in strategy (really, practicality), I am calling this<br /><br />(get ready)<br /><br />(wait for it)<br /><br />Your Money Is Your Life, The Book Series<br /><br />I may choose to publish out of order. For example, I may finish the Investing book before I finish the Earning book. Odds are, I'll make whatever I've finished available. It doesn't matter, though. Each book will be able to stand on its own.<br /><br />I'm still working through the toolset I'll be using to publish the eBooks. I haven't made any progress whatsoever on the writing instrument. A typewriter seems as good as Google Docs and Zoho Writer. Seriously. They both suck. Word on a flash drive might be the way to go, with electronic storage on <a href="http://www.box.net">Box.net</a> or something like that. I'm not really sure yet. The idea, of course, is to be able to create and edit virtually anywhere (where there's a web connection, of course!) and the only way to do that is via an online tool. I don't want to be a slave to a flash drive, but I also don't want to be stuck when I don't have internet access.<br /><br />But I digress.<br /><br />If you have any thoughts on any of the above, I'd like to hear them. Leave me a comment or email me at billspaced at money-hacks dot com.<br /><br /><div class="tag_list">Technorati Tags: <span class="tags"><a href="http://technorati.com/tag/Your+Money+Is+Your+Life:+The+Book+Series" rel="tag">Your Money Is Your Life: The Book Series</a> | <a href="http://technorati.com/tag/earning" rel="tag">earning</a> | <a href="http://technorati.com/tag/spending" rel="tag">spending</a> | <a href="http://technorati.com/tag/saving" rel="tag">saving</a> | <a href="http://technorati.com/tag/preserving" rel="tag">preserving</a> | <a href="http://technorati.com/tag/investing" rel="tag">investing</a> | <a href="http://technorati.com/tag/multiplying+your+money" rel="tag">multiplying your money</a></span></div>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-34664520000320968052008-03-31T23:01:00.000-07:002008-03-31T23:07:15.850-07:00Writing Tools: The Good, the Bad, and the UglyI've been using Microsoft Word forever, and before that, Wordstar (yeah, long time ago). I thought I'd try something new, so I embarked on using one of the online, "webby" tools, like Zoho Writer or Google Docs.<br /><br />I don't like either, but for very different reasons. Zoho is feature-rich, but clunky. Google Docs is pretty sparse and it doesn't work in some environments (not sure whether it's the firewall or something else). Should I go back to Word or should I just grunt it out and use Docs with a portable drive for writing on the road? I suppose I could always use Blogger...<br /><br />And since I'll be publishing the book, Your Money Is Your Life, in eBook format, what tools converts to such easiest?<br /><br />What do you suggest? What tool or tools do you use?<br /><br /><div class="tag_list">Technorati Tags: <span class="tags"><a href="http://technorati.com/tag/Your+Money+Is+Your+Life" rel="tag">Your Money Is Your Life</a> | <a href="http://technorati.com/tag/Money+Hacks" rel="tag">Money Hacks</a> | <a href="http://technorati.com/tag/writing" rel="tag">writing</a> | <a href="http://technorati.com/tag/author" rel="tag">author</a> | <a href="http://technorati.com/tag/tools" rel="tag">tools</a> | <a href="http://technorati.com/tag/Microsoft+Word" rel="tag">Microsoft Word</a> | <a href="http://technorati.com/tag/eBook" rel="tag">eBook</a></span></div>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0tag:blogger.com,1999:blog-1227825861018764106.post-31695697235265778112008-03-29T13:53:00.000-07:002008-03-29T14:10:05.235-07:00Your Money Is Your Life: The BookLike every other financial blogger, I am writing a book. It is to be called "Your Money Is Your Life." The site, <a href="http://yourmoneyisyourlife.blogspot.com/">Your Money Is Your Life</a>, will serve several purposes, the first of which is to chronicle my authorship of the book. It will serve as a diary about how things are going with respect to the book's development.<br /><br />Secondly, this site will serve to sell and promote the book. Yes, sell it. I'm being blunt. If you don't buy stuff, go to my other financial blog, <a href="http://www.money-hacks.com/">Money Hacks</a>. There, you will find a plethora of articles about personal finance covering the gamut from earning more money, spending it more wisely, preserving it once you get it, and growing it.<br /><br />Thirdly, <a href="http://yourmoneyisyourlife.blogspot.com/">Your Money Is Your Life</a>, the web site, will serve to link to other really great books -- books that have already been written and books that are being written. I will use this forum to recommend books that have helped me through the years. Additionally, it is here where I will lend support to my fellow bloggers also writing books. I will offer links, recommendations, advice, and general support. It may serve as an affiliate site, in a sense, where I sell others' books while I write my own.<br /><br />I don't expect daily entries here, but perhaps once or twice a week, with the occasional shout-out to my friends also writing books. I think there's enough of a market for the type of stuff I write about so that we can all prosper without crowding each other out.<br /><br />I will say that I expect my book to be published in eBook format, for around $10. The plan is that this is the first of many. There's so much to cover in the personal finance area that a 20-volume encyclopedia might not suffice. Further, changes in the economy, the culture, and the tax code, among hundreds of other possible changes, will always allow new material to enter into this broad market place.<br /><br />The really cool thing about blogging about personal finance is the fact that I can post information as it becomes available. So, too, can I do the same with eBooks. No need to <span style="font-style: italic;">republish to paper </span>when I can simply type some edits, or add to an existing volume, and <span style="font-style: italic;">republish electronically.<br /><br /></span>So publishing electronically will allow me to keep you abreast of changes that take place in a much more rapid way than if I simply published to paper.<br /><br />Are you with me? I hope that this endeavor brings all of us a little closer to the financial stability and stature that we so richly deserve.<br /><br />Thanks for reading and show me your support through emails, comments, and <span style="font-style: italic;"><span style="font-style: italic;">clicking on the ads! </span></span>They help me survive on a day-to-day basis.<br /><br /><span style="font-style: italic;"></span><div class="tag_list">Technorati Tags: <span class="tags"><a href="http://technorati.com/tag/Money+Hacks" rel="tag">Money Hacks</a> | <a href="http://technorati.com/tag/Your+Money+Is+Your+Life" rel="tag">Your Money Is Your Life</a> | <a href="http://technorati.com/tag/personal+finance" rel="tag">personal finance</a> | <a href="http://technorati.com/tag/eBook" rel="tag">eBook</a></span></div>billspacedhttp://www.blogger.com/profile/12556018253526378827noreply@blogger.com0