Stock Market Tips on Budgeting
Written By: Mariusz Skonieczny
It is truly amazing how many people entrust their entire life savings to stockbrokers who know absolutely nothing or very little about investing. In their defense, many stockbrokers may be honest individuals who truly want to help their clients. However, the problem is that they were never trained to be investors but instead were trained to be salespeople, and they are constantly being pushed by their employers to sell. After being recruited by a brokerage company, they are subjected to intensive sales training where they are taught how to cold-call, prospect for clients, and counter various clients’ objections. The actual education on how to select and analyze particular investments is limited. Read the rest of this entry
The Dollar Stretcher Blog
by Gary Foreman
gary @stretcher.com
I’m starting over with no retirement. With this economy there are lots of middle aged people like me who through company closings, stupid choices, divorce, etc have little retirement savings and are seeing a need to kick things in overdrive for a healthy retirement. Personally my goal is to buy a place – have it paid for and build Social Security and savings over the next 15 years. I trusted someone and they blew my life savings. My own fault. So I gotta get this ball rolling…How do I do it on $10 an hour but in an area you can get a home for under $50K?
Sandra
Sandra is right. She’s running a bit behind schedule. And, yes, she has a lot of company. Many people in their fifties are recognizing that they don’t have enough savings for the retirement that they expect and want.
Sandra has no time to waste. She needs to move on a number of fronts at the same time. She’ll want to control her spending, acquire a home and build up her retirement accounts.
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The Dollar Stretcher Blog
by Gary Foreman
gary @stretcher.com
Heard this recently and thought that it sounded true. Especially in the area of our finances. “We determine the trajectory of our lives based on the decisions we make when times are tough.”
Let’s start by considering what a trajectory is. According to the Random House dictionary it’s the “curve traced by a projectile object or body in its flight.” In other words, for this quote it’s the path that we’re on. I picture the trajectory of a missile in flight. I don’t know it for a fact, but I’d bet that the course corrections are very, very small. Yet, they can make a big difference in where the missile flies and lands.
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