Money Tips_0n Saving and Earning Custom Search Latest Money Tip It Makes Sense to Invest in Stocks for the Long Run It’s true investing in stocks for the long term is still the best way to earn inflation-beating returns. They may not be a slam dunk right now but the reasonable risks are still okay in my book. The trouble is the long run is longer than what they want you to believe. The long run now is defined not as five or ten years but as two decades or even more because overall the 20-year periods have delivered returns that beat inflation. This is not saying you have to bail on stocks although you should not really have more than 60% of your money in stocks. Perhaps, you should even have less in stocks if your expenses are not covered by Social Security and pension. The worst case scenario is the bear market may catch up with us and we may have to sell low. This Statistical Methods Of Stock Trading. may help for their method shows the only way to win the stock market game is to buy stocks when other people are selling and to sell stocks when other people are buying. Here, you can find new short-term trading strategies to play against the crowd. They are trying to buy or sell stocks one day before the other people do. They are different because their long story did not see them change their stock selection system since 1996 and they are open for you can check all their trades since 1996. They do not hide anything. The Worst Form of Investing is to Buy and Hold I was surprised by this advice as I was under the impression that when the market is down, it is not wise to sell the stocks you are losing money on. After reading it though, I can see some sense in it. When you come to think of it, the typical manager flips his portfolio in less than a year. The better bet is to look for a manager who keeps two-thirds of his holdings for long periods. The funds have less transaction costs and have better returns since they incur fewer taxable capital gains. Taking Advantage of the Messy Market With the stocks as volatile as they are, what do you do with your portfolio? Sure the great ideas about stocks are wrong, but sometimes they are not. Let’s come up with an example so we can rethink our investments for this year. Yes, stocks are more volatile, but that is not necessarily bad. It’s like what one bank manager told us, “Warren Buffet helped Bank of America and put in $5 billion of his own money there. When people found this out, they bought the stocks raising their value and making Warren Buffet earn $2 billion in one day.” We can do the same thing except not in the same league as Warren Buffet of course and we don’t begrudge his one-day $2 billion dollar earnings because he is a good man and helps a lot of people but as institutional investors focus on their trading, opportunities arise for the patient. As Chris Cordaro (chief investment officer at Regent Atlantic Capital, said “When markets are a mess, smart investors can take advantage.” Statistical Methods Of Stock Trading. Our methods Here, you can find new short-term trading strategies to play against the crowd. We are trying to buy or sell stocks one day before the other people do. Why we are different Long History We are open Way to Help Others Even If You’re Short on Cash If you like being nice, go to avivausa.com and request for a free Youmanity Token. Register it on the website and then help out a stranger. Give the token to the stranger and ask him to do the same. Follow the kindness chain as the token travels around the country. How to Make Money Online in 2012 1. The first thing to do is to find a product that people desperately need and that you can help put them in the right direction. It has to be something that is affordable and easy to understand and use. If you find you need help in any or all of the above steps, then sign up for home business coaching. Currently I’m booked with clients through the end of the year and next month, but when spots open up I will let you know about it. You see this is only available to 10 clients at a time. Just leave your name and email address at the contact form and write there that you are interested in home business coaching. Bank of America Backs off Debit Card Fee Plan Success! It goes to show that United We Stand, we’d get what’s good for us. Now this bank will not charge every customer $5 a month for using the debit card. Their co-CEO, David Darnell, said that they nixed the plan because they listen to their customers and understand their concern. Sun Trust, J. P. Morgan Trust, Wells Fargo and Regions all backed out of implementing the monthly fees. Do you think they’d listen had we not raised our voices? Financial Recovery Begins With Resilience The good news is the economic crisis has spawned support groups everywhere. People connect with each other and share their fear and grief and get together so they don’t have to go through this alone. They become resilient and away from negativity. It allows them to move forward and unlock the secrets to financial freedom. Debt Buyers Must Beware It’s Not Magic: Save What You Can and Retire as Debt-Free As You Can Be Consumer Bankruptcy is Down But Debt Load is Still Scary June 17, 2011 Five Ways to Preserve Capital When the Investment Climate is Down When the investment climate is down here are five ways for the nervous investors to mull over and preserve capital:
December 19, 2010 When Debt Collectors Go after the Wrong Debtor Debt collectors sometimes target the wrong person for unpaid debt that isn't his because of a mix-up. What do you if this happens to you? You could be a victim to debt tagging if you have the same common name or if you got a new cell phone number which used to belong to someone who did not pay his bills. You have rights from The Fair Debt Collection Practices Act like you're entitled to know what's that debt. Ask for a proof that the debt is yours. Once you know it is not yours, send the collectors a written letter that the debt is not yours and that even though you have the same name as the real debtor you are not the same person. November 20, 2010 Why Couples Fight Over Money If you argue about money, you are not alone. Reports say that 86% of couples argue over this regularly. What we do not understand sometimes is it means more than just money. We are really bickering about values. The key to finding a solution is to identify each other's strong points and learn to laugh at the differences. Learn the money personalities (spender versus the saver) and to speak the mate's money language. Don't judge too easily. Fight fairly so both of you can get what you want. Learn to make compromises. For example: He gets the car this year; next year you get the kitchen. October 28, 2010 Be Careful When You Buy a Foreclosed Property Buying a foreclosed property is full of pitfalls. There was a couple who bought a house in California. They thought they won the lottery when they won the bidding in a foreclosure auction and paid $137,000 last September 10. Soon after this date, they found out that what they bought was a second mortgage from Wachovia and there was still a large unpaid primary loan on the house. Needless to say, they couldn't get their money back. Foreclosure Defense Secrets September 28, 2010 Stuart Hickox’s Six Steps to Saving $750 a Year 1. Replace incandescent bulbs with compact fluorescents. Annual savings: $200 2. Eliminate vampire power from unused electrical devices. Annual savings: $200 3. Get rid of the old beer fridge. Annual savings: $120 4. Get a programmable thermostat from Hydro Ottawa’s Peaksaver program. Annual savings: $140 5. Lower the temperature on your electric water heater. Annual savings: $50 6. Switch off the dry heat function on your dishwasher. Annual savings: $40 September 4, 2010 10 Investments Beat The Stock Market 1. Baidu beat the S&P by 101.6%. This China's search engine has done well despite competitions from Alibaba and Netease. 2. U.S. Treasuries beat the S&P by 32.19% because investors have been trading their mutual funds for the safety of US Treasuries or the US government bonds. 3. Coffee beat the S&P by 32.03% due to bad weather, beetles that eat coffee and the unclear trading exchanges in the Arabic futures. 4. Apple beat the S&P by 21.76% because it's the creator of Apps revolution and has hit the sweet spot of the consumers time and time again. 5. Real Estate Investment Trusts (General) beat the S&P by 20.71% despite the housing crisis because many of its property holdings are better than people predicted and the trusts have been able to buy properties at a discount. 6. Gold beat the S&P by 18.06% due to fears about the US and European debt, inflation, and lack of trust in the paper currency. 7. Shorting Oil beat the S&P by 16.76% despite lower demands in the US but more demand in developing countries. 8. Build America Bonds beat the S&P by 14.62% because it provides escape from the volatility of similar investments. 9. REITs (Healthcare) beat the S&P by 9.19% because of the aging population and healthcare problems. 10.Cash beat the S&P by 5.67% because inflation has remained surprisingly tame. August 8, 2010 Money is Not Everything Money alone is not going to make you happy. Oh it helps but it is only one part. The key to stay happy is to have a sense of purpose in life. That, being healthy and having a healthy, happy relationship with family and friends and the feeling that you belong are ingredients to having a good life. So what's the trick to getting a good life? The chances will improve if you look at your short term and long term goals. What are you doing now? What will you do in two to three years or in 20 years? Then get a sense of what you have: your assets, net income, how much you spend and what is left over. Then check if you are on track to meet both your short term and long term goals. Then create and act on a plan that will meet your goal and protect it against negative triggers. Knowing that you can cope with the unexpected situation will go a long way to living the good life. July 31, 2010 Ten Small Financial Steps to Independence
How Much Life Term Insurance Do You Need? On the assumption that you have dependents and want to protect your family after you pass on and that you do not have much saved, then we know you need life term insurance. The next question is how much do you need? To answer this, there is a need to find out how much you owe. Then ask yourself how much money your dependent need each month. Let's say they need $5000 a month including savings for college and that's how much you earn now a month. Now let's see how much insurance you need for your dependents when you pass on. How much is $5000 if you figure the yearly amount. That will be $60,000. Now think how much do you need to invest to get 5% earning? Divide $60,000 by 5% and you have the answer and it's $1,200,000. That's not counting inflation. So if I were the one, I will carry $1,200,000 insurance to insure my family is well looked after when I am gone. So if you want to buy term life insurance, here are 5 tips: 1. Shop for the best deal.This is the best way to go about it especially if you are not 50 years old or over. You might be able to get better coverage as people are living longer. Do this every two or so years until you're 50. Insurance companies are banking on us paying the premiums longer and so may offer lower premiums. 2. If you have a dependent get the insurance now. It is best to take your responsibilities now rather than later. We never know when our time is up. 3. Be healthy and stop going sky diving. They will make you pay a lot more premiums if you are not healthy. The same thing is true if you indulge in some not-so-safe hobbies like motor cycling and sky diving. 4. Get your term life insurance from a trustworthy agent, not someone who may just be a friend but does not know much about it. 5. Be true and honest in filling out the application. If it is falsely done and the insurance company can prove it, they will just give your beneficiaries the premiums you have paid and not the amount you insured for. Here's One Way to Save Money Finding the right insurance company for your specific situation can save you hundreds of dollars. Not all insurance companies like the same types of drivers or cars and their rates are higher if you are not quite a fit for them. The only way to find the best auto insurance price is to shop several insurance companies. So, whether you are a good driver or you have several tickets and you have a plain car or a hot car, Save 500 is the best place to find the perfect insurance company for you. Check it out at Save500 - Auto Insurance. This may take you to an ipad site. If so just ignore this. Some can only go to certain countries. Compare Travel Insurance Quotes to Save Money When you are taking a vacation of a lifetime, you will want to get insurance coverage for trip interruption and cancellation as well as for the medical and luggage insurance. You can buy these separately but it will be cheaper if you buy one policy to cover all. Remember to shop around for the best travel insurance premiums. Obtain quotations from companies that compete with one another. Canadians can compare quotes from different insurance companies at http://www.kanetix.ca/travel-insurance. Americans can do the same at http://www.squaremouth.com/. Travel Industry Secrets for cheaper travel rates. How to Fight Back When the Home Appraisal is Low Have you tried selling your home and a low appraisal killed the sale? Well in this case, you should not accept this hands down. Be proactive in checking the mistakes and let the appraiser know about the inaccurate valuations. Read the appraisal report to ensure there are no mistakes that made the appraisal low. The lender should be able to talk to you about the report. Check to see if the number of rooms and bathrooms are accurate and whether there are things that were omitted. Did they include the addition and improvement you made to the home? If they used the data from a sale in the neighborhood that are short sales and distress sales, let the appraiser know. Make the appraiser aware of any foreclosure or divorce case down the street. Request the lender to use a certified and experienced appraiser from the same residential area. The lender may not agree but at least you tried and he knows you are on the lookout for what's best for you. Here's a word from our sponsor:Foreclosure Defense Secrets Save Money Every Month Saving money every month? That's easier said than done, isn't it? But save we must to reduce our financial load. Let's see how we can do it: 1. Cell Phone - Negotiate a lower rate, that is, if you are not on a contract. Or like me, use a prepaid cell phone. I am telling you, it's cheaper by a mile. 2. Landline phone - If you don't have small children and you have a cell phone, you can cut the landline unless your security alarm system is attached to it. 3. Insurance - for home, car, and life, check out for better deals and change to a cheaper policy. 4. Newspaper and Magazine subscriptions - If you do not read them thoroughly, you can cancel them for many are available online, anyway. 5. Cable TV - Do you watch a lot of TV? If you don't, then ditch that monthly payment of at least over $55. 6. Look at your credit card statement and check which recurring monthly payment goes through. You may have cancelled a membership at a gym and fitness class but they nay not have stopped charging you every month. Hope you will be able to clear up something from the aforementioned exercise. You can put the money you save to pay off debt with the highest interest and before you know it, you will be debt free. Tax Filing Procrastinators, This is For You Tomorrow is the last day to file your income tax for our Canadian friends so you better get cracking. I know some of you do it all in one night but you know in your heart, that is not the way to do it. Regardless, here are some tips: 1. You have to file even if you do not have an income. Why? Because it is an easy way to find how much contribution room you have for the TFSA (Tax Free Saving Account). There are a lot more benefits to filing a tax return. A student with no taxable income can defer declaring loan interest as a deduction and forward this to the next year. Also, refundable tax credits can be paid to you even though you have no income. You also need to file an income tax return if you want to apply and receive Canada Child Tax Benefit payment. 2. To avoid penalties for filing late, you have to file on time even though you cannot pay the tax. The penalty for this is 5% of the amount owed plus 1% of the amount owed for each full month the return is late. 3. To avoid scrambling next year, plan from what happened this year for next year's filing. 4. If you are receiving a refund this year, try having the deductions reduced at source as the refund is like a 0% interest that you loaned to the government. Fill out T1213 form to reduce your deductions and make that money work for you earning interest in a TFSA account. 5. You may be able to claim tuition fees as a medical expense if a doctor can certify in writing that the institution, teachers and equipment are required because of your health condition. 6. Complete section 7 which is the RRSP repayment section to identify all repayments to the Home Buyers' Plan or the Lifelong Learning Plan because if you do not do this, CRA will add the minimum payment required to your income for the year. This will reduce the RRSP contribution room that you can carry forward. 7. The lower income spouse should claim the medical expenses as 3% of the net income or $2024 will reduce what you can claim. 8. Private school fees or part of it can be claimed as child care expenses on line 214 of the tax return by the parent with a lower income. 9. A portion of school fees can also be claimed as charitable donation if the school provides both academic and religious instruction. It is also wise to claim charitable donations from the return of the higher earning spouse. Undergraduate Student Loans & Federal Student Loan Repayment There is a great addition in the new act regarding student loans. Graduates, as of 2014, who make on time payment every month on their student loans will have the loan forgiven in 20 years. It will be erased by that period of time. This was approved by Congress. Bank of America Tackles Principal Forgiveness How to Reduce Fees You Pay to the Bank There are small banking fees that could cost you quite a bit if you are not careful. In the following weeks, we will let you know how to avoid some of them. You probably were not even aware of them. If you sign up at the top of the page for alerts and tips, you will receive these all at once, but only for a limited time, only those who will sign up for the next seven days. Otherwise you will get them one week at a time. Transfer Fees - Do you have linked accounts? When you move money around between linked accounts, some banks now charge $3 or $5 for each transfer that you make online. Try to make only one transfer a month or redirect a direct deposit. Here's another way to reduce the bank fees: Account Maintenance Fees - For just keeping your checking and savings account open, the bank could charge you for as much as $12.00 a month. What to do? Call the bank if you see some strange charges that you did not make and were not there last month. Know the terms of your account and try to find the bank that is right for you. Here's one more way to avoid bank fees: Annual Fees - You may be charged a fee if the balance in either your savings or checking accounts falls below a certain amount. Find out how much your balance should be. Some banks also may require you to do a certain number of transactions a year. If you do not do not make the required number of transactions, you could get hit with an inactivity fee. Understand the fine print in the terms of the agreement with your bank. Move your money somewhere else if you do not think you will make the minimum number of transactions.
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