Finance

Penny Stocks-Are They Worth the Time?

August 26, 2011 by admin Leave a Comment

You may have heard of penny stock and wondered what it is. Does it actually cost a penny? Is it worth your time looking into and investing in?

The great thing about penny stock is you do not need a lot of money to get started. Penny stock does not sell for a penny though, not in this day and age. To qualify for penny stock it must be stock that sells for under $5.00.

Penny stock is not a get rich quick option, but if you are willing to be in it for the long-term you can make money off of it. Yes, it is worth your time.

It is important to do your homework or have a reliable informant who knows what is happening on Wall Street. If you are not knowledgable on what is happening in the stock market, consider checking out the various newsletters that are available online. Many of these are free and have great information to teach you the ins and outs of stock investing.

Penny stock can be unstable. We have seen it happen daily in recent days. More so, when you are investing in an up and coming company. If you are investing in something that you believe in though, it is worth your time. Basically, do not be afraid to ask questions of those who have experience. Be open-minded and willing to learn from other’s successes and mistakes.

Consider taking the time to invest. Now is the perfect time, with the market fluctuating so much you may be able to come upon a few deals that could get your foot in the door.

Filed Under: Finance Tagged With: Business, Equities, Investing, Investment, Penny stock, Stock market, Stocks and Bonds, Wall Street

Starting a Small Business

August 14, 2011 by admin Leave a Comment

Image by Angela Radulescu via Flickr

Starting a small business will be exciting and frightening at the same time. Exciting, because you are embarking on a new adventure; hopefully doing something you love. Frightening, because you are stepping out into an unknown future.

Anyone can start a small business. It will just take much hard work and plenty of planning. There are many things to consider before taking that first step of making your dream a reality.

1. Finances: Where is the money coming from that you will use to run your business? A source of capital must be in place before beginning. Whether you borrow from a family member or get a loan, this step must be considered at the beginning. Without a source of money your dream may never become a reality.

2.Plan of action: This plan should be written out. This will allow a loan officer or investor to see what your long and short-term goals are. Take the time to make this plan as detail oriented as possible.

3. Permits and license: Permits are a fact of life when running a business. Every state and town varies on what is required, so consult your local town hall to help you start in the right direction. Have all permits and licenses in place before opening.

4. Location: Where you place your business makes a difference. Choose wisely when considering a location. Does the site have easy access? Is it easy to find?

5. Resources: Where will you get your supplies from? Again, this is a question to answer before the business is up and running.

There is no greater satisfaction then when you finally have your business up and running. It will be worth all the sweat and tears to have that satisfied feeling.

Filed Under: Business, Finance, Management Tagged With: Business, Business plan, Loan, Small business

Lessons Learned from the Great Depression

August 11, 2011 by admin Leave a Comment

This is not the first time that America has gone through a time of economic difficulty; nor will it be the last. If you have grandparents that lived through the Great Depression you must have heard the stories of great need and doing without. We, in America today, can afford to review some of the lessons that they learned during that difficult time. As the old saying goes, “Those who refuse to learn from the past are forced to repeat it”.

1.You can’t use what you don’t have. In other words, do not put yourself into debt. If you can not pay for something you have to wait. Saving for a purchase over a long-term will help you appreciate it more when you finally have it.

2.Save for a rainy day. Putting money aside a little at a time will ensure when you have an emergency that you are prepared. Most of us can afford to put a little away each week in an emergency fund.

3.Waste not, want not are words to live by. Be frugal, recycle and reuse. Your grandparents learned to reuse such items as string and wrapping over untill they wore out. You can save money by having the same perspective.

4.Love your neighbor; care about others. As the Golden rule says, ” Do unto others as you would have them do unto you”. Helping others is just good business. Help someone in need, hopefully they will do the same for you.

Times are difficult for everyone these days. Take the time to consider how you can learn from the lessons of those who have gone before. Do not be afraid to reach out and help someone else along the road of life.

Filed Under: Finance, Management Tagged With: Great Depression, History, United States

Penny Stocks-Are They Worth the Time?

Starting a Small Business

Lessons Learned from the Great Depression

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