Personal Finance and Investment

I am generally recognized as a top expert in the stock market and particularly at teaching people how to develop into their neighbour’s millionaire round the corner. I didn’t start off as skilful and clued-up as I am now. When I began, I knew almost nothing. In my early twenties my experience was so poor that all I could do is to stand by watching a full-time stock broker stealing $90,000 from my 75 year old grandmother. I witnessed the nationwide stock brokerage defend the interests of that broker, while my grandma lost all she had.

The pain of this drama was so acute that it provoked me to pursue my Ph.D. in finance - not more than a 100 of students graduate in finance worldwide each year, as the subject is extremely difficult in terms of math. Frustration and anger I had at the huge rich power behind Wall Street spurred me to become a contemporary master of money. And that’s what you also need to do - wake up!!! Awaken to the belief that you can become a stock investor. Believe that you are in control of your destiny and that it’s in your power to stop delegating all the control to the Wall Street system, which couldn’t care less to provide for your financial future. Taking full responsibility for your investment, earnings and savings is the first step to your financial welfare.

Many years ago I learned from my friend, an expert in finance, that if I didn’t take complete responsibility for all my investment choices, then I would never make progress - I would merely interrupt the delicate feedback loop that gives all of us an opportunity to learn from our mistakes. Every time you accuse someone else of a financial mistake, you obliterate an opportunity to learn a lesson and benefit from the situation. The straightforward move you should make is to genuinely and firmly say to yourself: “I am the master of my life and I am in charge of everything - Wall Street is not in command of my mind”. This is the most crucial change you must make to your way of thinking.

Some of your acquaintances may think that you are big-headed. Never mind - just ignore them and laugh all the way to the bank! Don’t listen to everything people say - are these noisy little bugs in your life, who so quickly nay say your investment plans, paying off your bills or funding you to move ahead?! If not, then blow them off! They are just giving you a poor advice to make you fall into the same loser traps as they once did. In terms of investing become your own consultant and carefully build up relationships with people who indeed know how to do investing successfully. That is precisely what I have done. I began to look for people who really knew the market. With time I found them and I asked them many, many questions. That’s how my career of stock investor has begun.

Forex trading has great many advantages as compared to the various other methods of investment. Firstly, it is a 24 hour, 5 days a week market. Weekends are off. You start with the US market, then switch to the European and finish with the Asian. The best time for trading is during the periods of overlapping.

The US and European Forex markets overlap between 5 am and 9 am eastern time, while the European and Asian markets - between 11pm and 1am eastern time. Those periods are usually both the busiest and the best time to trade.

It’s worth noting that some accounts are subject to the risk factors. For example, with options and futures you can experience margin calls that can put you out of business. If you make a bad trade, not only do you lose funds in your account, but in addition you may have to pay in much more from your own pocket. This can be quite risky.

However, in Forex that’s not possible. Worst-case scenario is when you lose everything that is in your account. But to end up in a situation like that, one would have to do something quite weird. For example, like starting a big trade on a Fundamental day and letting things drift. If then the market takes a downward swing and you are not there… bad things may happen. Fortunately, an experienced trader would never do a thing like that.

To help you get started Forex also offers demo accounts, in which you can practice safe trading, while using realistic things like the right platform, charts, real-time news etc. At the same time, you are not using real money, and this process is often called paper trading.

In addition, in Forex you can get a mini account, which, as opposed to standard account requiring thousands of dollars, can be opened  with just as little as $300. With mini account, however, you will only be trading at one tenth of a trade. To put it another way, you will be controlling only 10,000 instead of 100,000 lots. But this also means you are only risking 1/10-th as well!

In summary, if you are drawn by idea of investing, but would like to avoid high risks, Forex trading is one of the first things you should closely consider.

Whether you are a newbie or a true expert in real estate investing, it’s crucial that you are aware of these 7 Simple Steps for investing into real estate.

Real Estate is definitely NOT a get-rich-quick system. Nevertheless, if you discover the basics and put them effectively into practice, you can earn enough money to make most of your dreams and goals come true!

The real estate business is not going to blow out! However, the real estate market will shift and change - just the way it always has been! What is “hot” at present, may turn “icy” in a few years (or sometimes even in a few months). Despite that, there is always a number of ways to bullet proof your real estate investments. And it’s rather simple.

According to statistics, in 1975 the average home price in the United States was $33,300, whereas by 2005 it increased to $195,000. Historically, the median home price doubled every seven years. A simple math will show you that by now the price should be well over $200,000.

This is to say that the real estate market will CONTINUE TO CHANGE, and what is working now, may not work in the near future. For example, the rental business was quite strong just a decade ago, but has become rather weak over the past few years. The business is about to take a new turn once again.

In fact, Real Estate goes in cycles and, therefore, has a certain degree of predictability. Due to this predictability, you have an opportunity to develop your real estate business into a cash-generating machine, which runs by itself following changes in the real estate industry. In fact, it is feasible to make money in real estate at all times, and now is just as good a time as any other to embark on real estate investing.

However, you should make your investments wisely. Surely, you can make some big money during the pre-construction phase, but what happens when the property market shifts and, all of a sudden, there are 40 almost identical flats for sale in the same building? How long can you sustain a negative cash flow on your property?

What about taking possession of property ’subject to’? It’s definitely a wise strategy and lenders may be tempted to turn the other way and not enforce the “due on sale” clause provided that the interest rates are sufficiently low (be aware that the sellers of a ’subject to’ property usually don’t have the lowest interest rates). E.g., if the interest rates rise to 10-11%, it’s pretty clear that lenders may be much more inclined to implement their option making you pay off the 6.5% note!

To avoid that kind of problems, you must learn the basics - the tried and true methods, systems and strategies, which have proven to work in the past, are working NOW and will likely to work in the future. You need to have all the tools at hand in order to go with the flow and not be influenced by the real estate market shifting and changing (It’s already doing this anyway, in case you’ve skipped the intro!

Step No.1 - Lay down your plan: Decide what your long term goals for the Real Estate investing (e.g., financially secured retirement and wealth accumulation) and your short term expectations in respect of making money in real estate are. Then, set up appropriate business entities and put the plan to work.

Step No.2 - Decide on your target market: You cannot possibly try all things on all real estate markets. If foreclosures look attractive to you, start with investing in the foreclosure market. If you decide to become a landlord, concentrate your marketing efforts at out-of-state owners.

Step No.3 - Be unswerving and persistent: As we said before, Real Estate is not a get-rich-quick business. Real Estate is a way to grow your wealth over time and put some extra cash in your pocket tomorrow. You have to stick to your plan and follow it in order to see some good results in real estate. Besides, you need to continue furthering your education and increasing your experience.

Step No.4 - Do not fall prey to the “Analysis Paralysis”: Learn how to analyze properties for profit potential quickly. Do not spend too much time on thinking; instead, try to answer these simple questions: How much is the property worth to you? Does it requires repair and how much would it cost? What can you sell the property for? In the end, it’s all about numbers!

Step No.5 - Become an expert in finance: Real estate is a business that involves both finance and marketing. You should research all available information about mortgages and loan programs on the market. You should learn how to use finance efficiently to negotiate better deals and to sell out your properties.

Step No.6 - Become skilful at solving problems: You will be able to get deals that other real estate people won’t, if you can learn to solve people’s problems. Anything goes on the real estate battlefield. Watch out and be ready!

Step No.7 - You should continue advancing your education: It is crucial to keep investing in your education, learning new strategies and tactics that will help you make more money in the real estate business.

If you liked this article, make sure to read other articles in this category, which discuss the ways to Make Money on Real Estate.  The next article addresses Step No.1 - Laying down your plan in detail!

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Rules you use in stock trading are your money. If you adhere to certain rules you can make money. If, however, you fail to follow your own rules in stock trading, you run a risk of losing your money.

Once you work out a set of sure-fire stock trading rules it is extremely important to bear them in mind. This is one of the disciplines, which will reap you rewards. Recall those rules at least twice a day - when your day starts, as well as when it finishes.

Rule No.1: You must adhere to your rules.

Obviously, if you build up a set of rules they must be followed. It is in human nature to feel tempted to break or change rules, and it takes integrity and discipline to carry on acting in compliance with the rules once established.

Rule No.2: You will never bet in excess of 3% of your overall portfolio on any single stock trade.

There are a lot of bold traders and a lot of old traders. But you will never find any old bold traders. Securing your capital base is a fundamental rule for success in stock market trading in the long run.

Rule No.3: You will cut off your losses at 5%-15% every time you make a mistake without any question.

Quite a few traders set an even smaller tolerance for loss. The important thing here is to keep the set point (cut loss) within the range of your loss tolerance. Stay tuned about the behaviour of your stock and adhere to your stop loss point.

Rule No.4: Never set a target price.

Following this rule will allow you to reap the highest benefits from rising stocks. Just let the profits flow. Practically, you may never pick the top. Never think a stock has risen excessively high too fast. Be willing to wait and sacrifice a sizeable chunk of profits hoping for much bigger returns.

The big money is made by trading the really big swings, which you sometimes can catch.

Rule No.5: Master one approach.

Keep mastering and getting better at just one technique of trading. Do NOT skip from one method of trading to another. Aim at mastering one technique perfectly instead of becoming an average trader who uses several methods.

Rule No.6: Let volume and price be your guides.

Never believe any opinion on trends in the stock market or particular stocks you are thinking of trading or trading already. All you need to know is shown by the price and volume.

Rule No.7: Use all sensible signals that show up.

Make no excuses. If an entry signal pops up, dismiss all excuses not to take it.

Rule No.8: Never trade from intra-day variations.

During the course of any trading day there is always a fluctuation of stock prices. If you rely on these information for momentum trading, it can lead you into making the wrong decision.

Rule No.9: Take breaks!

Achieving success in stock trading is not only about trading. It also requires emotional power and physical strength. Decrease your stress every day by taking a break from the computer and engaging in other activities. A trader under stress will not make it in the long run.

Rule No.10: Endeavour to be above an average trader.

Becoming successful in the stock market does not require you to do anything extraordinary. Just try to avoid mistakes typically made by an average trader, who is inconsistent and in lack of discipline. Ask yourself this question every day: “Did I follow my set of rules today?”, and if the answer is negative, then it’s a strong signal that you have to reconvince yourself to start following your stock trading rules strictly!

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