Can anyone recommend a good investing subscription? |
| There are those like the ones from Tom Gardner (Motley Fool), Robert Hsu, Tobin Smith, L. Navellier, etc.... |
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Should I sell? |
| I'm new to stocks and with the market going down, the foreign market going down, I'm getting worried. I'm not rich. I put about $1100 into the market late December and have lost ... |
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Forex trading basics, how to start forex trading? |
| I need to know about the basics of forex trading, how to start trading and how to minimize the loss on forex trading and maximise the profits on forex trading.... |
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Stock Tips and Recommendations? |
| I am new to stocks and looking for some place which can provide me stock tips or recommendations. I have gone through few sites like stocktips.in, www.poweryourtrade.com and http://www.stocksmantra.... |
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I want and an honest opionion on this guy? |
| He is an investment advisor who has 1000 clients. He and his associates first buys a share and jacks the price up and then he recomends this share in tv to his clients and in the first opportunity he ... |
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Quicken - can you suggest an alternative? |
Really like Quicken 98 for the investment tools (not so much the budget aids). This is no longer available in the UK any suggestions on an alternative.
Would like an asset allocator tool, a ... |
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Where can I find someone to help me w/purchasing stocks? |
| There are so many websites out there for buying stocks and it is making me very overwhelmed! I do not have a lot of money to start out with. The most important thing that I need is a website or a ... |
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Is it safe to bank anymore? |
| Where is a safe bet to invest where money will grow steadily & more importantly SAFELY. With the latest round of banking fiascos it seems that those who save get penalised by those that dont!... |
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Which stocks to buy and why? |
| Obviously, the stock market is not doing very well just about everywhere, but does anyone know of the stocks that are actually succeeding. Thanks in advance for the help.... |
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Stock Market? |
| I need to know how the stock market works and how to invest.... |
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Can anyone help me regarding share market????? |
| How to study share market stocks in detail. I have tried it through books and online but I want more info. Please help!!!... |
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How do you get into investing in stocks and bonds? What is the minimum to invest? |
| I'm thinking about investing in stocks and bonds but I don't know the first step to take in investing in one. Do I go through a broker? How do I find one? How do I find one that won't ... |
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I am 15 and looking for a good investing book what is one? |
| So i am 15 almost 16 and i have just recently been looking at the stock market and what it can do for me. I only know the basic stuff about it, like how it works and what it means to buy and sell. I ... |
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Which is the best fund to invest as a systematic investment plan to 1000 rupees per month in india? |
| i want to know which is the best fund in which i should invest rs 1000 every month. can u suggest me ????... |
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So. i am 15 and i got a job 110 a week should i buy my laptop now or do monthly payments? |
if i buy it now it will take a year to get the money Additional Details the laptop is 2200... |
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Slurpa | How to become a millionaire? ? |
I am going to be 18 soon and I was wondering what should I do to become a millionaire or financially free? I would love to start a business in the future but not really sure how to though...
anything help? |
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triniquix
 |
You can tell by these replies, that they are not millionaires, except probably the first. If you want to learn how to become a millionaire, ask one or read books written by millionaires like Donald Trump, Robert Kiyosaki.
Get recordings or their speeches.
To become one, you have to learn to think like one. |
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Judy1
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Get a good education so you can get a good job, and then don't spend everything that you earn, invest some of it. |
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Rabbit
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A millionaire or financially free -- dreams and sensibility, congratulations.
Even if you never make the millionaire club, the financially free part comes from frugality. Always look for opportunities to save money and try to never spend more money than you make (as in take home). This will bring you comparatively close to financial freedom even if you are on poverty wages.
The trick, however, is to differentiate frugality with being miserly. Merely hoarding money at the sacrifice of life's common and affordable niceties is being a miser. The result of a miser's life is misery. Don't Scrooge yourself in your goals, okay?
As for the millionaire part, the entrepreneur spirit can definitely get you there -- IF you have something superlatively good and get some really good help. A Kentucky cook one day got his Social Security check and felt disgusted, so he scratched together an idea and tried to make it work. Harlan Sanders began Kentucky Fried Chicken (KFC), but it wasn't until he got some help making it big it would have stayed a small though successful chicken restaurant. Similarly for others, McDonalds was a hopping little burger joint until milkshake machine salesman Ray Kroc talked them into turning it into something big. He wound up buying them out for peanuts, but that wasn't fully cheating the little guys, it was the McDonald brothers that were still doing their 'little store' thinking that was getting in the way. Dave Thomas started Wendys and unlike Harlan Sanders who was merely a pitchman for a company he started, and also unlike the McDonalds brothers, Dave had the ability to lead Wendy's into growth, but he also hired some really special help at the appropriate times and places.
Or, you could find some dividend reinvestment plans (DRIPs) in very profitable dividend paying companies and plow the investment part of your savings (as distinct from emergency funds and prepaying foreseen future expenses funds that you have in savings) into these three or four good companies. I have known some people (admittedly not many) who have built up a pretty good nestegg doing that. There is a man in our town that gifted a local college an allowed $100k from the $4 million that his mutual fund had expanded to. He obviously picked a good one and did just what I suggested with the DRIPs, dumped his investment savings into it whenever it built up to a hundred or more.
Certainly not just any mutual fund would do that and he didn't know anything about mutual funds but just picked one and it worked. In that he was definitely lucky. Don't forget an allowance for luck as well, it is even allowed for in the Bible:
I returned and saw under the sun that
the race is not to the swift
nor the battle to the strong,
nor bread to the wise,
nor riches to men of understanding,
nor favor to men of skill;
but time and chance happen to them all. (Ecclesiastes 9:11)
Considering the messages in Ecclesiastes, if God grants you those moments and opportunities ("time and chance"), then take advantage of them. You might also want to express some gratitude to Him when they happen.
Just a thought, but I suspect there is something of value in there somewhere. |
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freakboynv2008
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you need to increase your financial IQ. most people have ideas about money that lead them down the path to being just over broke. the old ideas of find a good job, live below your means, and invest in a diversified portfolio of mutual funds will not work in this new capitalist environment we live in.
I recommend reading all of the rich dad/poor dad series by R Kiosaki. they are not how to books. they teach you to change the way you think about money and how to recognize good financial information. after you complete that series you can start reading everything you can get your hands on in the subject areas of business, investing, money management, financial reports and economics. soon you will see the opportunities others miss as well as the dangers others fall into. you can also listen to the financial sense news hour at www.financialsense.com. they have an internet broad cast with a wide range of experts and guest experts that will expand your money knowledge many times over. good luck. |
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Uncle Leo
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Most likely, the easiest (but not easy or fast) way for you to become a millionaire is get a good education, get a good job, save, save some more, and then keep saving. Many, and perhaps most, millionaires get there by starting a business. But if you're not sure you know how to do that, then focus on saving. |
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bob g
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First you need to figure out what it is that brings you joy and happiness. Otherwise you will never be successful rich or not. You have to really try and figure out what it is that you are good at doing. What do you like to do? What could you see yourself doing daily for the rest of your life?
After that comes the hard part - money management.
if nothing else remember this - "take care of your losses and your winners will take care of themselves". |
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RMS
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Start with a lotto. Think about marryign a millionaire... and third work on becoming a business magnet.. |
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Smile :]
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..Study the most random, pointless stuff you can think of.
Go on who wants to be a millionaire.
Win. |
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