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Small Business Q & A: Investing In Son's Business Could Cause A Real Family Feud
Q: My youngest son wants to borrow $5,000 to start his own business. My wife is afraid to tell him no. She thinks we should just give him the money and not expect anything in return. I disagree. He doesn't have a very good track record with...
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Does Your Life Include a RIPE Plan?—Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 1 (Retirement)
Does Your Life Include a RIPE Plan?—Planning Tips for Retirement, Investing, Protection, and Estate Planning – Part 1 (Retirement) by: Janet L. Hall No matter what your age or years of work, it’s almost never too late to start planning for your...
Investing in stocks and shares
Stocks and shares, unit trusts and investment trusts Shares
give you part ownership of a company, so the value of your
investment is linked to how the company - and the overall
economy - performs. You can also invest in funds which buy
shares...
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How to Protect Your Nest Egg While Investing Online
Would you like to know how to protect your nest egg while
investing online? Well, read on and I will explain how I do it.
I'm not trying to hide anything. HYIPs, Rolling Maturity Date
HYIPs, Slow-rolling HYIPs all have their drawbacks. The...
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3 Sure Ways To Trump Your Investing Fears
Often times when people here the word "invest" they become frightened. It is probably one of the most misunderstood words on our planet. As a result, many employees as well as other individuals refuse to invest their money in anything other than a passbook savings or money market account. That includes those who have retirement accounts available through their employer.
So, what is stopping you from starting to invest? Three of the most common reasons are I found after taking a poll are:
1. I don't have enough money to invest.
2. I have to pay off my bills first.
3. I have money to invest, but I am afraid.
What can you do to alleviate your fear of investing? There are many inexpensive ways to start investing. You can open an investment account with a broker that sells shares or partial shares of stocks, this type of broker is usually found online. You can open a mutual fund account with a mutual fund company, that will allow you to start with a small amount of money. You can start investing with your company employee retirement plan. And finally, you will have to shed some old baggage about investing, for example, "I will start investing when I get my bills paid off," or "I am afraid to invest." The main questions being, how do you shed this baggage and allay all fears?
1. The first most common reason many people don't start investing is because they think it is too expensive. They feel a lot of money is needed to start investing in stocks or mutual funds. There are mutual fund companies that will allow you to start an investment account for as little as one hundred dollars, and add as little as twenty-five dollars a month. You can do a search for mutual funds in any internet search engine or research them in your local library. There are many companies that will allow you to invest in a few shares or partial shares of stock, starting with as little as eight dollars a month, and adding eight dollars a month to your account to purchase additional shares or partial shares. Using your company retirement account is another way to invest with ease. In most cases, you will have the option to pick among investments already chosen by your company. The money is taken out of your check, your employer matches a
percentage your total, and your investment has tax advantages.
2. The second most common reason is that many people are told to pay off bills before they start to invest.
It is a good idea to have your debt well under control before you start to invest. The interest rates on outstanding debts are sometimes in excess of the interest rates on investments, coupled with compounded interest, debt payments can be excessive. There is an easy way to invest after you have your bills under control, that is to treat your investment savings as "just another bill," before you know it, you will have a significant amount of money in your savings account, that you can invest.
3. Fear is probably the third most common reason people don't invest. This fear can be easily conquered with education and detailed information about investing.
Do you have plenty of money to invest, but you are simply afraid? I think the term for that is, "fear of the unknown". That is probably the easiest investment stop addressed in this article. The Internet has brought learning to our fingertips, there are thousands of websites that teach investing from a consumers perspective. Brokerage sites and web portals provide research with detailed information about stocks, mutual funds and other investments to protect your interest and your money. If you are not Internet savvy, take a trip to your local library, the librarian will show you how to use investment research catalogs such as the stock reports for stocks research, and the Mutual Fund Reports for Mutual Funds research. Doing your own research will teach you how to choose low risk, low cost investments. Investment research will also teach you how to analyze the investments that your advisor chooses for you.
About the Author: Lois Center-Shabazz, is the author of the award-winning book, "Let's Get Financial Savvy! From Debt-Free To Investing With Ease" ISBN #0971979502, and the founder of the critically acclaimed investment teaching website, http://www.MsFinancialSavvy.com
Source: www.isnare.com
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