Sorry I haven’t updated in a while…
I will be back soon though!!! I shouuld TOTALY start a personal blog!! That would be awesome wouldn’t it???
Pay Yourself First.
One of the most Valuable finacial Tips I have Ever recieved In my 24 years of Living is “pay yourself first” Before You pay your Student loan, Your Credit card bill’s, YOur rent And you car note. When i say pay yourself it doesn’t mean go buy yourself a new outfit and a new pair of shoes. You should be fitting those things in with your monthly expenses. My advice is to set aside at least 50$-75$ per pay period.Treat the Emergency Fund like An Expense. put Those funds in a high interest savings account. This Money is not for shoes and Shopping this money is there for you in the event that you should Get in a bind. instead of paying 30% per hundred per pay period interest on a payday loan.. Borrow your own money from your emergency account. Be sure To treat yourself like a creditor Make sure you pay the money back plus the normal 50-75$ if you are able. Now for you (Seasoned Savers) i have a CHALLENGE for you. I challenge you to Save Every $5 Bill that crosses your palms.. And for you check card junkies i challenge you to transfer 20$ into your savings account for every 100$ you spend Can you do it?? For you saving vets What are some neat innovative ways that you saved????
A Good Steady (safe) Investment
A safe investment are you kidding me???? Thats bull. There is no such thing as a safe investment….. however there are some stock that “historically” Fair well Through market highs and lows than others. The company Stock I have in Mind Is United Parcel Service Historically United parcel service pays Steady dividends (basically interest for keeping your money invested in their company) a steady dividend of .45 cents per share. Now true enough United parcel service has dropped in price over 17 dollars per share over the past 2 years but we basically are still recovering from the market crash of 2007 In my opinion now is an excellent time to hop on the big brown truck and invest in shares of united parcel service!! The stock is more for intermediate investors who have an extra 1,000 to 2,000 dollars to invest. I would suggest you set up dividend reinvestment and leave it alone.
Keep The Change
Happy NewYear!! I hope you all have a wonderful & Prosperous New year!! Now lets get Down to business. Bank of America Has neat little service called keep the change. Every time you use your check card The cents that are left out of every dollar You spend are transferred into a savings account. For example; Lets say your at walmart, Your purchase is $10.30 the 70 cents will automatically switch over into your bank of america savings account, This is awesome in so many different Ways. Lets say you swipe your card an average of 5 times a day 365 days a year. For the sake of easy mathematics lets say every purchase you make you have 70 cents go over into your savings account now multiply 70*5(the amount of times u swipe ur card)=3.50 Next, Lets multiply 3.50* 7(the amount of days in the week)=24.50 So thats 24.50 every seven days then multiply 24.50*52 (the approximate amount of weeks in a year) =1274.00 So thats 1,274.00 that you have saved the entire year just by enrolling in keep the change!! thats a nice chunk of change for say…CHRISTMAS shopping . or a down payment for a new car….And it makes balancing your check book a whole lot easier Because your only dealing with whole numbers.
Whats Next?
I will be touching on other finacial subjects aside from stocks and bonds. But thats it for Tonight guys!!!
What are Bonds?
What Are Bonds?
A bond is a debt security, Basically just an I.O.U. When you purchase a bond, you are lending money to a government, municipality, corporation, federal agency or other entity known as an issuer. In return for that money, the issuer provides you with a bond in which it promises to pay a specified rate of interest during the life of the bond and to repay the face value of the bond (the principal) when it matures.
There are many types of bonds available for investment. For example; U.S. government securities, municipal bonds, corporate bonds, mortgage- and asset-backed securities, federal agency securities and foreign government bonds.Bonds can be also called bills, notes, debt securities, or debt obligations.
What is The Stock Market?
The word stock refers to a supply. You may have a stock of pens in your desk, or a stock of towels in your cabinet. In the financial Industry, stock refers to a supply of money that a company has raised. This supply comes from people who have given the company money hoping that the company will make their money increase. A market is a public place where things are bought and sold. The term “stock market” refers to the business of buying and selling stock. Why do companies issue stock? If a company wants to grow For example; build more factories, hire more people, or develop new products, it needs money. It could get a loan from a bank. But then it would owe money. By issuing stock, a company can raise money without going into debt. People who buy the stock are giving the company the money it needs to Expand. Not every company can issue stock. A business owned by one person (a proprietorship) or a few people (a partnership) cannot issue stock. Only a corporation can issue stock. A corporation has a special legal status its existence does not depend on the people who run it. Under the law it is separate from the people associated with it, and has special legal rights and responsibilities as well as its own unique name. Why do people buy stock? Owning stock in a company means owning part of that company. Each part is known as a share. If a company has issued 1000 shares of stock, and you bought 100, you own 1% of that company. People who own stock are called shareholders. Shareholders hope the company will earn money as it grows. If a company earns money, the Shareholders share the profits. Over time, people usually earn more from owning stock than from leaving money in the bank, buying bonds, or making other investments.
About Me
Hi! name is Amber, I work for a major Stock Transfer Agent in the United States. I have been Studying the stock market for the past two and a half years. I decided to start this Financial blog with much encouragement from a friend (thanks Lisa) This blog is for everyone with a genuine interest in the economy. In this blog im going to start with the basics I will be explaining what the stock market is in detail And how it works. . I will briefly touch on stock options and bonds as well as some financial planning tips.
Disclaimer
This blog and website are for informational, educational and discussion purposes only. “Amber” is not a registered investment advisor or broker. Even though topics may be discussed on this blog investment issues, nothing on this blog shall be deemed to constitute the practice of investment advice. No reader should act in reliance on anything discussed in this blog without prior consultation with a licensed professional who is qualified to evaluate the reader’s individual facts and circumstances and offer an informed professional opinion with respect thereto. If any reader takes action or makes decisions based solely on the information on this blog without prior consultation with a qualified, licensed professional and or broker or financial advisor, the reader does so at his or her own risk and agrees that Amber shall have no liability resulting from such unilateral action or decisions by the reader.
Amber takes care to see that the information it posts on this blog is accurate and truthful to the best of Amber knowledge. Nevertheless, Amber does not expressly or impliedly warrant or guarantee the accuracy of its postings and the information that others post here.
Side note theses investment tips are based on my own judgment and research. The market
Is unpredictable so the best i can do is speculate on what the market may or may not do
I am not responsible for any loss incured by following the financial advice provided on this blog. You should always do your own research and / or Contact a Licensed Financial advisor.
