How to start investing? 10 tips

Investing is actually pretty simple; you're basically putting your money to work for you so that you don't have to take a second job, or work overtime hours to increase your earning potential. There are many different ways to make an investment, such as stocks, bonds, mutual funds or real estate, and they don't always require a large sum of money to start.


Get Your Finances In Order: Jumping into investing without first examining your finances is like jumping into the deep end of the pool without knowing how to swim. Luckily, investing doesn't require a significant sum to start.
Learn The Basics: You don't need to be a financial expert to invest, but you do need to learn some basic terminology so that you are better equipped to make informed decisions. Learn the differences between stocks, bonds, mutual funds and certificates of deposit (CDs).
Set Goals: Once you have established your investing budget and have learned the basics, it's time to set your investing goal. A 35-year-old business executive and a 75-year-old widow will have very different needs.
Determine Your Risk Tolerance: Before deciding on which investments are right for you, you need to know how much risk you are willing to assume.
Find Your Investing Style: Many first-time investors will find that their goals and risk tolerance will often not match up. Conservative investors will generally invest 70-75% of their money in low-risk, fixed-income securities such as Treasury bills, with 15-20% dedicated to blue chip equities. On the other hand, very aggressive investors will generally invest 80-100% of their money in equities
Learn The Costs: It is equally important to learn the costs of investing, as certain costs can cut into your investment returns. As a whole, passive investing strategies tend to have lower fees than active investing strategies such as trading stocks.
Find A Broker Or Advisor: The type of advisor that is right for you depends on the amount of time you are willing to spend on your investments and your risk tolerance. Choosing a financial advisor is a big decision.
Choose Investments: Now comes the fun part: choosing the investments that will become a part of your investment portfolio. If you have a conservative investment style, your portfolio should consist mainly of low-risk, income-producing securities such as federal bonds and money market funds.
Keep Emotions At Bay: Don't let fear or greed limit your returns or inflate your losses. Expect short-term fluctuations in your overall portfolio value. As a long-term investor, these short-term movements should not cause panic.
Review and Adjust: The final step in your investing journey is reviewing your portfolio. Once you've established an asset-allocation strategy, you may find that your asset weightings have changed over the course of the year.
So open your Forex account and start investing your money wisely. Remember Forex is a great way to make your money work for you. So don´t wait and change your life style.

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Getting Started in Investing

Today I want to share a question they asked me a lot and I found the peferct answer hope you enjoy it. We still have the promotion when you fund money in your Forex account, but hurry the promotion end Jan. 29, 2010. Details...
Question: I have no experience in the forex market, and I'd like to invest some of my money, but I do not have a clue how to go about it. Can you help me or tell me what to do before I make a move that may ruin my life?
Answer:
I don't know if I can deal with all the issues that might ruin your life -- but let's look at the financial issues.
If you haven't been involved in the forex market, ask yourself how much can you afford to lose, both financially and temperamentally. Yes, I did say lose. The brokerage community usually asks, ``How much do you want to make?'' A silly question, don't you think?
I know I have no limit to the amount I am willing to make. ``Two million, not a penny more,'' you may say. I don't think so.
After you have decided that you are willing to accept the risk of loss, and how much you are willing to risk (even prudent investment has risk), I would advise starting slowly.

Give your investment some time. Don't invest in equities with the intention to pull the money in weeks, months or even less than five years.
When you're more comfortable with the ups and downs of the market, then you can consider increasing your investments and broadening their diversification, again consistent with your risk tolerance.
The worst luck a beginner can have is making a lot of money right away. After that happens, many decide that investments are guarantees, and they invest all they have.
So my advice to you is to invest a little that you can afford to lose. Watch the ups and downs of the market and become comfortable with the volatility while at the same time increase your knowledge in available investment choices and risks.
Over time, you should have a diverse portfolio consistent with your goals, objectives, risk tolerance and tax situation.

by Gary Schatsky is Chairman of the National Association of Personal Financial Advisors (NAPFA). NAPFA

Reasons why People don´t became Millionaires

They are 5 reasons why people don´t make enough money. The reasons are:

1. Fear: The number 1 reason why people don´t make enough money, is the fear of loosing money. I had never met someone who likes to loose money. And in all my life I had never met a rich people who hadn´t lost money. The fear is real but the way we handle this feeling is what make the difference. Some people are so afraid to loose money that they prefer to stay poor than to take a risk to become rich.



2. Cynicism: Everyone has doubts. ¨I am not good enough.¨ ¨I am not intelligent.¨ Or our doubts stop us. You need to analyze what the situation is and take action.



3. Laziness: What is the cure for being lazy? The answer is a little bit of ambition.



4. Habits: Our life are a reflection of our habits more than our education. Our habits controls our conduct. So if you want to make more money change your bad habits.



5. Arrogance: When you know that you don´t know about something, start by educating yourself; look for an exoert o get a book about the theme. Remember the arrogance is sometimes use to hide our ignorance.

So start changing your bad habits and start as soon as possible, the more you wait the more difficult will be to change. And remember if you want to invest, start by educating yourself and get all the help you can get.

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How to Get Out of Debt and Save

Even when you are living paycheck to paycheck, you may start to change the way you live, you may even have money to save and invest.

Bills and credit cards payments are eating up most of your income. You know you need to start saving extra cash for emergencies. You know is hard because you already have a lot of debts and the ones that will show up, but relax, there is a way you just need to know where to start. Whith a little bit of confidence in yourself and a lot of discipline you could change your financial situation in six months.

Paying Debt and Save

What should you do first? Paying debts or save. First you need to know what you owe and what are you spending.

Tracking Spending

The steps outlined in the box below will help you determine how much cash you have to pay off your debt.
Next, you'll want to keep track of your typical expenses for one month or so, to find out where your money is going. Also figure your unexpected expenses for a year's time -- auto and home repairs, gifts, vacations, etc. -- and divide that number by 12. You may want to use one of the personal finance software programs available to track your spending. Once you have a record of your spending, compare your monthly outlay to your monthly income. If you have a surplus, this is the amount you can apply each month to paying down debt and building savings. If you have a shortfall, you'll need to cut expenses.

HOW MUCH TO PAY OFF YOUR DEBT

Step #1: Create a personal balance sheet and list your debts in order of interest rate, from highest to lowest.

Step #2: Add up your liquid assets, including savings and investment accounts, if any.

Step #3: List any major purchases needed in the next year. Subtract this amount from your liquid assets. What remains is the amount you may have to pay your debts.

How To Build Save

A key to stablish good saving is to make it easier than spending. Here are some good tips:

• Set up 3 savings accounts: One for emergency cash; the other for unexpected bills and the last one for investments. And stick to it don´t use them for any other purpose.



• Whenever you been paid put only the money you really need into your checking account, because if put it all you will be most likely to spend it all.



• If you have extra money put it in the unexpected bills so when you have to change the tires of your car you will be most likely not to use your credit card to pay for that.



• Beging building your emergency account, by depositing a portion of your paycheck, like 10 or 15% every month.



• Put whatever is left in your investment account, all extra cash that you may receive, a birthday present, etc.
  

How to Reduce Debt

• Pay your highest interest credit card first. Avoid paying just the minimum, paying just a little bit more make a big difference.



• Consolidate your debt by transferring to a low rate credit card.



• Setup a realistic payment timetable and stick to it.

Being out of debt get time it not occur overnight, but you be debt free if you stick to a plan and reduce your spending. I hope soon enough you will be feeling pretty good about yourself and will start investing your money.

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Kids and Finances

Everyone that have a kid know how difficult is to teach children the value of money, but there are somthings we can do to do this:

1. Teach children the value of money: At school children learn math, aritmetics, etc., but they don´t teach them the value of money so it´s up to us to give them that knowledge. Is not easy but we can start as soon as they understand enough.


2. Earlier is better: They are many benefits on teaching the children earlier. In the short term they will learn about how to save money for the future, how to make smart purchases, and understand the true meaning of investment. In the long term they will learn to avoid accumulating debt, and they will be able to plan for financial security.


3. Where does money come from? When children are little the only thing they understand is that money came from the pockets of mom and dad. But when they notice you can´t afford buying everything they want they start asking questions. So instead of telling them that money doesn´t grow on tress, explain to them that you earn money working, and you only can spend the money you earn. So they will understand the value of working.

4. Children and Allowances: many parents think is better to paid your children for doing chores around the house so they will know that hard work means getting money. Other think that if you pay your children for doing chores you are teaching them to be irresponsable. Whatever your position is try to paid your children an amount of oney every time they do some extra chores like washing the car, or doing the garden.

5. Make saving Interesting: A very simple way to teach a lesson about saving is using a piggy box, a shoe box, a jar, etc. Teach them to save so they can be able to buy something they want.

6. Banking and Investment: When your children have save enough money take them to the bank and open an account. Teach them what banks do. When your children is old enough explain how he can get more money if he invest correctly in a business.

Maybe you think is to early to teach your chlidren the value of money, but the soon you start the better he will be in manage his money, and he will find all the good things of developing good haits from the start.

Remember if you are investing in Forex go to: http://www.forexmegatrion.com/ or http://www.fx-megaforex.com/. The market is a great way to understand how dinamic the econmy is.