If at the end of every month you are lucky enough to save money, after all your expenses, then this money probably gets put away in a savings account or builds up the balance in your current account. If you are using a current account to have your salary paid in to and then also have a savings account to hold some of your extra cash then what you have is the beginnings of a well structured portfolio. All you need to do is make a couple of tweaks and you’ll be home free. Here is how.I once heard these [...]

Every successful business has a Risk Management Plan.And Stock Trading is a business!Every prudent business-person wants to first cover his overhead expense each month, and then concentrate on achieving a steady growth in earnings.Rather than striving for the big hit, they protect capital first and work for consistent returns and take more aggressive risk with a portion of profits.Not accidentally, the big hits and home runs still come along, but they come along without excessive risk.The stock trading Business Philosophy is based upon 3 principals (in order of importance):1. Preservation of Capital2. Consistent Profitability3. Pursuit of Superior ReturnsIn other words, [...]

It is time to stop trying to keep up with the Jones’! There is no point in worrying yourself to death about having the newest or the best. Of course, the United States’ economy teaches us that consumer spending is the only way to survive. However, there are smart ways in which to do this.How You Can Be More FrugalSome of the things that you can do in order to be more frugal include: Whenever you are buying a high-end item (i.e. cars, boats) that will depreciates in price as it ages, buy it used. Never lease a vehicle unless [...]

This time in history marks a point where everyone has stopped and realized that the debt of this country has certainly gotten way out of control. People all over the country are losing their jobs, foreclosing on their homes and filing for bankruptcy. This type of a country will not stand long if these types of things continue to happen and more and more people fall into a completely black hole of debt. In order to prevent more of this from happening, there are a few things that people can do in order to keep themselves out of trouble and [...]

Somewhere between ages 6 and 8, a new word may enter a child’s vocabulary; allowance. It is also at this age that a child should start to learn the value of a dollar, and the concepts of responsible spending and saving. Starting this education at a young age is key in raising a financially responsible young person. The amount of allowance is up to the parent, but it is recommended to match at least half of the child’s age. So, allow at least $4.00 a week for an 8 year-old. The child should be encouraged to spend their own money [...]