Are Your Investments Starting To Rise?

My last 2 statements on my 401K and mutual fund investments are starting to increase. It sure is nice to see gains instead of losses. It has been quite a while since we have seen steady gains in the stock market. Does this mean that the recession is over? I can't answer that and I don't think that the best fund managers can answer that either. All I know is that my investments are starting to come back and I hope that is a trend will see for a long time. I know a lot of people that have taken some big losses are their retirement accounts and I happen to be one of them. Fortunately for me, I have the time to wait it out. ( I Hope) Unfortunately for a lot of people they didn't.

When it comes to retirement accounts, make sure that you check them often and move your funds around according to your needs. Do not have a larger part of your investment in aggressive growth funds if you are nearing or at retirement age. You can't afford to take big hits if you need the money now or very soon. Move your funds to cash accounts, Cd's, money markets, something that isn't so volatile. Keep it where it is making small gains and isn't losing money for you. That is your best bet when you are ready to retire. You can keep a small amount in aggressive funds, but only keep up to 20% in those type of funds. Put in aggressive funds what you feel comfortable with. In other words, only put in aggressive funds the money that you don't need right now.

Happy Investing!

What is United States Currency Going to be Worth 10 years From Now?

They say that money is one of the hardest things to get and one of the easiest things to get rid of. Have you ever heard that expression? This is one saying that has held true for years. Money can’t buy you love, but it sure helps to have it when you need it. Wouldn’t it be great to never have to worry about money again? To be able to do what you want when you want, how you want, whenever you want? The old expression “watch your pennies and the dollars will take care of their selves” doesn’t have as much meaning today that it had 40 years ago. Now the copper a penny is made out of is worth more than the penny it’s self! Soon the penny probably won’t even be part of the US currency.

Start making as much as money you can because you don't know what it will be worth down the road! I'll write more on the subject soon.

To Your Success!

The Over Whelming Power of Money

They say that money is one of the hardest things to get and one of the easiest things to get rid of. Have you ever heard that expression? This is one saying that has held true for years. Money can’t buy you love, but it sure helps to have it when you need it. Wouldn’t it be great to never have to worry about money again? To be able to do what you want when you want, how you want, whenever you want? The old expression “watch your pennies and the dollars will take care of their selves” doesn’t have as much meaning today that it had 40 years ago. Now the copper a penny is made out of is worth more than the penny it’s self! Soon the penny probably won’t even be part of the US currency.

Prepare yourself for what lies ahead. Start to make money online and to work from home doing something your passionate about. Brain storm until you come up with something!

Live Life To The Fullest

Are you living your dreams? Making the most out of what life has to offer? Doing things that you never thought were possible? The answer from most people is NO. The reason that most people just live life is because there not willing to do what it takes to push forward with their dreams. You need to step out of your comfort zone and start doing different things that you are interested in. Start to do what it is you really want to do! You can just keep doing what your currently doing, but ask yourself: Is this going to get me where I need to be 1, 2, 5, 10 years from now? If the answer to this question is no, then you need to mix up your life a little and start doing things that you weren't willing to do before. Start some new adventures for yourself and family. Think of things that are the most interesting to you and then figure out a way to have fun with it and make some money with it also.

Do what most people aren't willing to do and you will have what most people don't! This is a saying that I have been living my life by for a long time. Don't ever let people say that you can't do something. If they are telling you that you can't do it, then surround yourself with people that are more optimistic. Don't let negativity run your life. Be positive and positive things will happen to you. Live you life to the fullest because we only get one chance. Make the most of it!

To Your Personal and Financial Success!

Is The Economy Sinking?

I have been watching the stock markets very closely and my head still is spinning. I'm not sure how to read our current crisis. It seems to me that one day the stock market is rocking, and then the next day it's not. The Dow's average doesn't seem to be moving anywhere. Are stocks at a bargain price right now? There not if the market doesn't start rising again.

My suggestion right now is to move a good portion of your stocks in to money market accounts or Cd's. At least you will earn some interest in these type of accounts. Keep some of your money riding in the stock market, but keep a large portion of it earning some interest for you. If you see the stock market on a steady increase, then move more money in to stocks. I still think that mutual funds is your best bet because you keep your money diversified. The old saying use to be " when interest rates are low, stocks will grow". I don't think that holds true today. Interest rates have been down for a long time and the stock market is not growing! The stock market has been stagnate. So for now, just sit back and keep your eyes and ears open. Wait for your best possible opportunity, and then jump in.

To your Success.

Credit Card Debt

Have you ever heard of the financial advisor Suze Orman? She is always on TV giving out personal finance advise. She has done a 180 degree turn on credit card debt. She use to tell you to pay off your credit card debt with the extra cash you have at the end of each month. Now she is saying to take that money and build your emergency fund first. An emergency savings fund should equal 8 months of your current take home pay.

I think that is great advise because in today's economy, you never know what will happen with your job. You could be laid off today and then what? So the advise that she gives is to pay your minimum payment on your credit cards and start to save for emergencies. After you build up 8 months of savings, then turn your attention to paying off your credit cards. I agree with this advise 100%. Everyone needs a emergency account to fall back on in troubled times.

To your personal and financial success!