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Dividend Reinvestment Plans: Investing on Automatic Pilot
If you're like many investors who squander those small dividend checks from your stock portfolio, a Dividend Reinvestment Plan (DRP) might be just what you need. Just as its name implies, a Dividend Reinvestment Plan allows you to reinvest some or...
Investing, Are You Ready?
Before entering the world of investing, it is important to honestly analyze your present situation. Doing so will allow you to effectively manage your own money in a way which maximizes returns while limiting unwanted risk. Questions to...
Investing Psychology
Let me share an inspirational story with you, a metaphor which
was the catalyst of my personal growth financially and my very
own paradigm shift.
Busy working or being financially productive!
Once upon a time a very strong woodcutter...
Start Small and Your Wealth Will Get Bigger
We’ve all heard the phrase, “You have to start somewhere.” Nothing could be truer of creating wealth and prosperity in your life. Sometimes the idea of becoming wealthy can seem so overwhelming that we don’t know where to begin. After all, if...
SWOT Analysis
If you’ve ever listened to Warren Buffett talk about investing, you’ve heard him mention the idea of a company’s moat. The moat is a simple way of describing a company’s competitive advantage. A strong competitive advantage, or a wide moat,...
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Five Tips To Wiser Investing
One of the most common requests I receive is for investing help.
In this article, I try to present just a few basic investing tips
to remember when you plan for your future through investing.
1. Have a plan and know where you are going with your investments. If
you don't have a plan, how will you know if you are on track? The
process of creating a plan includes determining your current financial
situation, how much money you want to save, and by when.
2. Diversify your investments. Create a balanced portfolio to help you
stay on track and reach your goals.
3. Beware of get rich quick schemes. If an investment seems too good to
be true, it probably is. Usually the higher the estimated return, the
higher the risk to you. Stick with time-proven ways to grow your
investments.
4. Feel comfortable with your investment decisions. If the risk
Associated Websites
in your
investments keeps you from sleeping at night, they aren't worth it.
Life is too short.
5. Keep good records and check your statements each time you
receive them. Always question anything that doesn't look right or
that you don't understand. Read the Prospectus thoroughly before
investing, do your research and understand how the fund works and
all applicable expenses.
Investing, if done properly is a key to your future wealth. So don't
forget to include these tips when you invest and watch your success.
About the Author
Doris Dobkins, Money Saving Expert
Author of "Financial Freedom A-Z Home Study Course"
and publisher of the free weekly ezine $mart Money New$
To subscribe, send an email by clicking on this link -->
mailto:join-smart_money_news@nova.sparklist.com
or sign up at her web site: http://www.creativefinances.com
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