 Who trades FOREX and can you tell me your experiences? |
| I am just learning about trading FOREX and would like to know from those who are both novices and pros at it, what to look out for, what to know and wish you knew from the beginning and if it is ... |
|
 Why is Houston real estate so cheap? |
| I'm from Florida and i am astonished, in shock, about the real estate prices in Houston. There's got to be a reason this property is so cheap, but I havent heard anything bad about Houston ... |
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 Sensex will be increase or fall down within 2-4 months? |
what you think?
sensex will be increase or fall down within 2-4 months?
as per your knowledge & STUDY!... |
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 Short term investment? |
| I have a windfall of funds available for a short term investment (1 year). What are the best options?... |
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 What is bad about day trading.? |
| what is bad about day trading. i am a day trader and a beginer. what should i keep in mind when i day tradinf. i heard that i a have to pay aalot of tax or something like that.... |
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 Option trading? |
| Hello everyone. I have been buying stocks for my portfolio for about 3 years now. However, for the past year or so, I've been hearing a lot about Options. Are Options for short term traders ... |
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 What's a good stock market trading website for a beginner.? |
| I'm basically interested in the markets as a small investor. The sort of thing i'm looking for is the best sites that teach the fundamentals about trading the markets and how to ensure i ... |
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 Is taking bank loan profitable than borrowing from friends and giving them the interest? |
Additional Details
The interest given to friends is the same as what the bank offers to its savings a/c customers. But is taking loan from bank better considering the interest rate we ... |
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 Has anyone discovered a system for sale for trading stocks and/or futures that actually works? |
| I've seen many systems available to the average Joe Trader. I know that many or most don't work but I also know that many people make good money using some systems. Just wondering if ... |
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 Is oil futures a safe investment, in this economy? |
| I am being told that buying a few dollars of futures can make one some extra bucks, is this so?... |
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 Who exactly profits from a share of stock that is sold at a profit??? |
A share of IBM stock is purchased through the NYSE by an individual investor for $75 and sold one month later through the NYSE for $125. Who profits from this sale?
A. IBM
B. The first ... |
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 How does one become a stock market trader? |
| I work full time in a reasonably well paid job, but I have always had an interest in making money on the stock market. The problem is I know nothing about it. I have seen loads of software available ... |
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Matthew | I am 22 need advice on saving money, what are ways to make yourself save? |
And what should I do with the 1600$ a month I earn from work when my expenses are about 850 a month and will soon be getting a degree in nursing in about 1 year. Any advice? |
 |
 
junebug
|
Pay yourself first! When you get your paycheck, be sure to put a certain amount in your savings account. Since your expenses are low, you can afford to put a big chunk of what's left in your savings. Once you've put it in your savings account, don't touch it. Only withdraw money from your savings in case of emergencies. |
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Dani
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I have part of my check automaticcaly deposited into savings account. Now, I never miss that money and have a nice little nest egg accumulating. Who knows... maybe someday I'll actually take that trip around the world. Congrats on that nursing degree! What an honorable profession! |
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dunkadog8
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if your company has a retirement plan, make sure you are investing as much as you can each paycheck into it. if you want to invest more, open a roth ira or even just a taxable mutual fund with vanguard. you can set up your account to have money directly deposited right from your checking account right into your investment account. it is very easy once you have it set up, you don't have to worry about mailing in money to someone which is like paying a bill and we all hate to pay bills. Call Vanguard Investments on their 800 line and they will help you get started and complete the paperwork |
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Brooke
 |
Easy saving tips:
Limit the number of times you go out to eat each week (which includes your morning coffee).
Walk or bike instead of taking the car, you'll use less gas.
Automatically put 10 percent of your paycheck into a savings account. That way in case an emergency does arise, you'll have the money to take care of it.
Look for sales when you do go shopping (and when you do shop, don't automatically buy that thing that you 'have' to have. Think about it for a few days, then if you decide you really want it, go back and get it.)
Those are a few. Here's a good website: http://soundmoneytips.com/ |
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Ryan S
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The easiest way is to save automatically with your employer...
If the money comes directly out of your paycheck before you get paid it is very difficult to spend it. ... also people dont realize how much they spend on miscellaneous stuff like coffee and going out... people tend to spend A LOT of what they make... so by saving first... you will naturally spend less on things that are wastes.
1st... its a good idea to have a saving account for emergencies...
2nd.. contribute as much as possible to a 401k with your employer... give until it hurts your lifestyle.
... make sure to always contribute at least as much as your employer matches.
once you've gotten a savings and your 401k is matched look into an IRA automatic purchase... but at your age that will probably be a ways off. |
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dumboe8899
 |
Automatic transfer to a high-yield savings account. Citibank Direct, E*TRADE (I use this), HSBC Direct, all have them. Or get one of those liquid CDs thru WaMu where you can open a CD then add money to it. Since you only spend $850/month in expenses and your pay is $1600 (I'll assume this is net of taxes) I would sock away $350 per month for your longer-term savings (down payment on a home, car, whatever), $200 for retirement, and put the rest in an emergency savings account. Keep your long term savings and emergency saving in separate accounts. I'm assuming you have some sort of a safety net in case you get fired from your job or something. If you don't adjust your emergency savings up and long term savings down. Since you spend about $850 a month, you should have about $6k saved somewhere that you can tap into on a moment's notice. And it should be making interest for you, not sitting in your checking account losing value.
There are a three ways to get rich: spend less, make more, or both. How much you make is difficult to control thus you try to spend less. You're doing excellently by living way below your means. You can technically live a lifestyle that is about twice as luxurious as you are living right now, but you're choosing not to.
Someone mentioned going through your bank, DON'T. Your bank likely pays some of the worst interest rates in the market. If you're making any less than 4.5% APY on your savings account, you're getting screwed. Make sure to shop around for the best rates at www.bankrate.com. You have no idea what compound interest can do. |
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jim06744
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buy only what you need, not what you want
pay yourself first a set amount out of each paycheck
have automatic transfer of some amount to a 401k or to u.s. savings bonds |
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