You know, I’ve read a few articles this morning that have me a little scared. You see, I’m a student but even then I try and manage my finances well enough to try and have some money left over just in case. In case some thing goes wrong, in case i need to repair something, in case i run out of groceries, or something more drastic while i’m at school. This article is about using your stimulus in a WIN-WIN way!
I’ve recently decided that I’m going to spend my stimulus package but not on goods and services and still help the economy! How? Buying stock, funds, etc! Buy into the company instead of buying from the company!
First, lets take a very rational approach in deciding where to spend your free investment money!
A. Funds – Mutual Funds (here is a list of top performers– Funds List). If you like to trade, then do so by choosing funds that have effectively produced good numbers over a desired of time! Give them credit best on their performance! Check out Hedge Against Speculation! Read up on this sort of investment because it tends to be one of the best options for many folks who don’t have time to really run their own portfolio.
B. Stocks — The stock market, unless you are very knowledgeable about market moves and understand how to do your own diligent work — STAY AWAY! For now anyway. Its not a pretty place for people who don’t know the ropes. This would be a perfect opportunity to start reading on how to run your own portfolio! If you are an trader now, take a look at these three websites:
1. Bob’s Stock Advice! Robert is a Genius! Take a look!
2. Hedge Against Speculation Richard has done an excellent job!
3. The Net Fool Jim is awesome! Its like Walstreet Journal for Web Entrepreneurs
C. Bonds — Folks now is not the time to buy bonds! The Feds lowering of the Federal Funds Rate has made Bonds too expensive right now. When the economy is doing well, is when you should think about going in to bonds. However, keep read up on these because they can be an excellent addition to your portfolio! I don’t have websits that you can visit but perhaps ill start one in the future!
Make Educated decisions folks, its the best safeguard against disaster!
Buy me a cup o' Joe!
May 10th, 2008 at 8:18 pm
[...] Read the rest of this great post here [...]
May 12th, 2008 at 5:50 am
Thanks for the press! I think that buying stocks is a great idea. Just a note, haha, Richard is not the owner of The Net Fool dot com. I just exchanged links with him
But hey, stop by anytime to learn about making money online… I’m giving away over $4,500 in cash and prizes this month
May 13th, 2008 at 8:45 pm
There are plenty of good places to invest the money that WE all know about and that’s probably where mine is going, but unfortunately most of America is likely to do what it is meant for, spending it…