Since January 1, my phone hasn’t stopped ringing with women wanting to get their finances off to a good start. Most don’t even know where to start. I have put together a list to help you get started. While this list might seem overwhelming, JUST PICK ONE ITEM and make it a priority! If you can conquer one, you are well on your way to Financial Physical Health!
History of Stock Tips
Stock tips are as old as the market itself. I guarantee you during the tulip bubble during the 1600’s there was some guy passing out leaflets in every market he could find pushing tulips. Stock tips are just as much a part of the market as stocks themselves. Honestly, where would we be without tips? What would stock analysts do all day, what would CNBC talk about? While these stock tips make for good entertainment, they can prove deadly to your portfolio.
Why Avoid Stock Tips
Part Two:
Ask questions, sheesh, never be afraid to ask questions.
Don’t be intimidated by people, they had a first day in kindergarten as well, don’t let people fool you. We all have a beginning to every single thing.
Compare your information with others and define your own set of standards that you want to allow as part of your artful deal making.
Feel good about yourself. You have worked at your technique and it has cost you MONEY to get to where you are. Brushes alone are quite expensive. If you don’t take care of them like me you are buying them constantly. Paints add up and then there is the space you paint in or sculpt in. It all adds up.
Many people jump in after getting a “tip” from a friend or relative and it may or may not pan out. There are quite a few simple planning tips you can use to avoid losing money.
People new to the stock market might not plan enough. You need to know many things about a company you plan on buying stock in. What is this company? What are they planning for the future and does it seem like a good idea? If you decide to buy stock in a “cola company” and they are getting ready to release “Hamburger Cola” it’s probably not the best idea to keep that stock. You also need to have a plan for when the stock rises significantly.
The Fed kept again the interest rates unchanged. Is there any other choice? Well, not really and until it is possible the rates will be kept at these levels. The problem is that it is already very suicidal not to increase them as the inflation is accelerating more and more. On the other side, rising interest rates will block the not so robust American economy and will push it to a recession probably never seen before…It is a no win situation and the only thing to do for now is to postpone the disaster as long as possible, not to prevent it. And this is exactly what the Federal Reserve and its Chairman Ben Bernanke are doing.
As the economy looms into uncertainty, many investors are cautious of whether to invest in stocks or not. Unfortunately, there is no perfect way to assess how every company will perform. Therefore, it may not be a bad idea to invest a bit more conservatively, and there is not better sector to do so than in the utilities.
Many people have friends who tell them about various stocks but haven’t gotten into it themselves because they don’t even know where to begin. If you jump right in without knowing what to do exactly, you might lose your shirt. This is exactly what msot new traders do. It is often quoted most new traders lose their account within 6 months and have to get out. Do not let this happen to you.