Portfolio value $1,200
28 March
Brought
•MND @ $20.91, 200 shares, stop loss $1.40
•EHL @ $1.16, 2,000 shares, stop loss $0.16
Wednesday, March 30, 2011
My One Year Challenge
Trade $1,000 into $5,000 within one year.
Period:
28 March 2011 - 27 March 2012
Resources:
- $1,000
- IG Markets
- My Method
Period:
28 March 2011 - 27 March 2012
Resources:
- $1,000
- IG Markets
- My Method
Wednesday, March 2, 2011
Removing Excuse Number 2 - “I don’t have the Time”.
Regarding this excuse I'll ask you only one question.
How can you not have time to make money, and move yourself towards a better quality of life?
You don't need to invests hours of every day just 30 minutes to one (1) hour every couple of days, and remember, the more you read and listen to the more you will understand.
Somethings to remember:
Investing is often referred to as the hardest way to make easy money. Your currently in the hard phase, so stay focused and invest a little of yourself everyday.
How can you not have time to make money, and move yourself towards a better quality of life?
You don't need to invests hours of every day just 30 minutes to one (1) hour every couple of days, and remember, the more you read and listen to the more you will understand.
Somethings to remember:
Investing is often referred to as the hardest way to make easy money. Your currently in the hard phase, so stay focused and invest a little of yourself everyday.
Saturday, February 19, 2011
Fuel for Thought - USA Government Debt
I first posted the following post In January 2010, at "TheTradingReport.blogspot.com", and as time passes I feel the predictions are getting closer.
The USA Government's debt level is a serious matter for concern and is clearly stated in the following extracts:-
"Why the Rich Get Richer" - In 2009, interest payments on our (U.S.) national debt are about $380 billion, which is $1 billion a day in interest. At the same time, the national debt is projected to climb to $20 trillion by 2012, which means the U.S. will have to borrow money just to make the interest payments.
This is a major problem that is capable of causing a bigger problem than the sub prime morgage crisis itself. As stated in the extract the U.S. will have to borrow to repay the interest, they will also reduce spending in all areas possible and be forced to increase taxes at all levels dramatically.
This will affect every company based and operating within the U.S. as property, company and import taxes will rise. This debt will be passed on for generations.
The USA Government's debt level is a serious matter for concern and is clearly stated in the following extracts:-
"Why the Rich Get Richer" - In 2009, interest payments on our (U.S.) national debt are about $380 billion, which is $1 billion a day in interest. At the same time, the national debt is projected to climb to $20 trillion by 2012, which means the U.S. will have to borrow money just to make the interest payments.
This is a major problem that is capable of causing a bigger problem than the sub prime morgage crisis itself. As stated in the extract the U.S. will have to borrow to repay the interest, they will also reduce spending in all areas possible and be forced to increase taxes at all levels dramatically.
This will affect every company based and operating within the U.S. as property, company and import taxes will rise. This debt will be passed on for generations.
Removing Excuse Number 3 - “I don’t know what I’m doing”.
Understanding what your doing will come the more you invest yourself into developing your skills and knowledge. Remember that no one is born with knowledge, it is obtained overtime through the continual investment of time.
Just like everything in life we don't know what we are doing until we invest ourself and accept that we will make mistakes and have to ask questions.
Mistakes are a critical part of developing knowledge and understanding any topic, so be prepared for mistakes, every investor makes mistakes and the best investors accept this.
Still somethings to remember:
Investing is often referred to as the hardest way to make easy money. Your currently in the hard phase, so stay focused and invest a little of yourself everyday.
Just like everything in life we don't know what we are doing until we invest ourself and accept that we will make mistakes and have to ask questions.
Mistakes are a critical part of developing knowledge and understanding any topic, so be prepared for mistakes, every investor makes mistakes and the best investors accept this.
Still somethings to remember:
Investing is often referred to as the hardest way to make easy money. Your currently in the hard phase, so stay focused and invest a little of yourself everyday.
Removing Excuse Number 1 - “I don’t have the Cash”.
Investing in the stock market can start with as little as $1,500 if you don't have $1,500 to invest in the stock market, I recommend a quick review of how you spend your money by asking yourself the following question:-
- How often to I have take out?
- How often to I buy my lunch?
- How often do I buy coffee?
- How often do I take my lunch?
- Do I buy in bulk?
- Do I need pay TV?
- How much do I save each week?
This is the first step in identifying where you spend your money.
Once you have honestly asked yourself these questions, I want you to put a dollar amount next to item 1, 2 & 3. Regardless what you spend on these items, you can reduce the amount.
The key to success with reducing you spending is starting small, maybe you’ll start by buying 1 less coffee a week.
I challenge you to save $20 a week for the next month, if you think that’s to easy try $50 or $100 a week.
- How often to I have take out?
- How often to I buy my lunch?
- How often do I buy coffee?
- How often do I take my lunch?
- Do I buy in bulk?
- Do I need pay TV?
- How much do I save each week?
This is the first step in identifying where you spend your money.
Once you have honestly asked yourself these questions, I want you to put a dollar amount next to item 1, 2 & 3. Regardless what you spend on these items, you can reduce the amount.
The key to success with reducing you spending is starting small, maybe you’ll start by buying 1 less coffee a week.
I challenge you to save $20 a week for the next month, if you think that’s to easy try $50 or $100 a week.
Utilizing Wealth to Build Wealth
To date Lessons 1, 2 & 3 have been directed towards protecting your current wealth and making smart decisions to keep your wealth as yours.
Now I will teach you ways of growing your wealth through investing within the stock markets throughout the world.
Firstly, overcoming excuses as to why people don't invest, the most common three (3) excuses why people don’t trade or invest are:
- “I don’t have the cash"
- “I don’t have the time"
- “I don’t know what I’m doing”
All of these can be over come, and over the next couple of posts I’ll show you how.
Now I will teach you ways of growing your wealth through investing within the stock markets throughout the world.
Firstly, overcoming excuses as to why people don't invest, the most common three (3) excuses why people don’t trade or invest are:
- “I don’t have the cash"
- “I don’t have the time"
- “I don’t know what I’m doing”
All of these can be over come, and over the next couple of posts I’ll show you how.
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