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Thread: Financial Tips, Advice, etc on the Web

  1. #1
    God/dess GoldCoastGirl's Avatar
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    Default Financial Tips, Advice, etc on the Web

    Are there any "wealth creation" (or prosperity creation) web sites that you visit on the web regularly (or even sporadically)?

    Is there any that you can recommend to people who want to learn how to create a prosperious life?

    I personally recommend visiting
    http://prosperityplace.com/

    I bought the e-book awhile ago now however visit the FREE Resources that site has including its newsletter. I find it a very positive place and I always benefit from visiting it.


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    Banned Melonie's Avatar
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    Default Re: Financial Tips, Advice, etc on the Web

    a couple of my favorites are and

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    Default Re: Financial Tips, Advice, etc on the Web

    This is my first post, thanks for the link Gator...

    anyway, i am a financial advisor in Arizona and work with some folks from the worlds oldest profession. I am more than happy to give advice, for free, to new friends.

    I saw a post about ing which charges a fee for their mmk account, crazy if you ask me.

    Start socking the money above expenses into a blue chip mutual fund. I know, I know, the market sucks, but it won't forever. Time is your friend.

    Ask away, or flame if you so desire.

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    God/dess Zofia's Avatar
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    Default Re: Financial Tips, Advice, etc on the Web

    Sexy Zippy makes a very good point about buying blue chips. The market is low. The old point about buying low and selling high is most appropriate. Is the market at the bottom? No one knows for sure, but it will eventually climb. But, don't just buy blue chips or a blue chip mutual fund. Look at the individual issues. Judge each company. Do your own homework. There are some high quality companies outside the traditional blue chips, and there are some blue chips that are just poorly managed and not likely to recover without major changes.

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    Default Re: Financial Tips, Advice, etc on the Web

    blue chip stocks will do very little for in investor. they are safer, but the offer very small returns, they are for the amatuer investor who is scared of losing money. do not let fear become a factor in investment making because you will not become wealthy that way. Hire a good financial adviser who is rich (ask to see his financial statements) and he will help you find better places to make money with your money. Buy the book "Guide to investing" by robert kiyosaki, you will learn amazing things. thanks

  6. #6
    Pamela
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    Default Re: Financial Tips, Advice, etc on the Web

    So agree Ryan,
    i have a few blue chip stocks because of that very reason, i did notwant to risk money.
    Then as some of you may know you move on to bigger and "seemingly" better investments.
    HA, i can laugh now i lost MUCH money in the friggin dot coms.
    I have a financial planner, one whom my mother set up, and he is fantastic, as far as i know anyway.
    For his price, i am going up, so yes i am a big believer in investing away money.
    Pamela

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    God/dess Lena's Avatar
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    Default Re: Financial Tips, Advice, etc on the Web


    I like mutual funds. I mostly stick with them because I know enough to know that I don't know what I'm doing. I have an index fund, a mutual fund, a money market that is run like a mutual fund, and an IRA. I think every dancer should have an IRA.

    Lena



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    Default Re: Financial Tips, Advice, etc on the Web

    i see a lot of fear on this board and it is something that we are taught from an early age to feel. People seem to be scared of their money, and seem to have no idea how to make their money work for them. a true investor sees money an idea and not as an object. The old "go to school, get a good education so you can get a good job" is useless these days. One must create their own wealth through businesses and wise investments. that is how to create real security and piece of mind.

    Pamela you made a good point that you invest in blue chips because you are in essence scared of losing money. this is not the mind set at all of an investor. An investment that has a very small return on investment, and is still risky is not a good investment at all.

    another point i need to make. always ask to see a financial advisors financial statement, because if he cannot make himself wealthy, how in the world would he be able to make you wealthy ?

    it is all about turing your earned income into passive income and portfolio income so your money can be working hard for you long after you have left the dancing business.




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    Banned Melonie's Avatar
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    Default Re: Financial Tips, Advice, etc on the Web

    You can keep the US Blue Chip stocks right now due to poor earnings, impending underfunded pension problems, US dollar devaluation etc. I'll take Gold and a Swiss Bank account denominated in Euros for the next few months at least ...

    also the same old adage of "get an education and a good job will automatically follow" which no longer works has an equivalent in the investment world - "buy quality stocks and hold them" which also doesn't work anymore. These days the only option is to buy and trade. Just look at GE or IBM or MSFT stock values over the past 3 years to see what I mean.

  10. #10
    Pamela
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    Default Re: Financial Tips, Advice, etc on the Web

    Anything when investing in Utilities has been good to me! The dot coms are making a sloww come back. I have investments in Motorola,which at one time was thought to go under, well the new technology is booming with them!
    And yes Ryan blue chips and cd's was what i started with. I have moved up and on. Lost a small friggin fortune in Dot coms. I have investments all over, and some i sell cheap to get out of, others i sit on and pray. IT's the name of the game..Lose or win. I have done both. Now i have great investments in Harris Corp.
    Pamela
    PS Ryan i have a trust fund that comes from my homeland Sweden, i was not about to throw it all away! I am the type of girl who takes risks indeed! But i like to learn , even if i lose. Lol, i have. AM i more cautious? Hell no, got it go for it!

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    Default Re: Financial Tips, Advice, etc on the Web

    Motorola got saved by NEXTEL, the most innovative company i have ever seen, which, by the way has had over 600% returns over the psat eight monts. So with 10k, you could have made yourself a nice 50K in profit in one of the worst investing times ever.

  12. #12
    Pamela
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    Default Re: Financial Tips, Advice, etc on the Web

    Motorola owns 8% of NXTL stock, and buying more.
    Yep, great co. Motorola.
    Pamela

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    Default Re: Financial Tips, Advice, etc on the Web

    http://www.triumphantevents.com.au
    Talks about using Currency Trading instead of trading in stocks. Post your comments.


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    God/dess GoldCoastGirl's Avatar
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    Default Re: Financial Tips, Advice, etc on the Web

    http://www.richdad.com
    The website that goes along with the Rich Dad, Poor Dad book.

    Make your money work for you.
    Last edited by GoldCoastGirl; 01-08-2005 at 07:54 PM. Reason: Because I can... (hehehehe)


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    Default Re: Financial Tips, Advice, etc on the Web

    Tips for Achieving Your 2005 Investing Goals from Rich Dad, Poor Dad community news.

    Book Excerpt: Rich Dad's Escape from the Rat Race By Robert T. Kiyosaki with Sharon L. Lechter, C.P.A.
    This month we've got a great feature for you: the first-ever sneak peek at Rich Dad's newest book, Rich Dad's Escape from the Rat Race. In our continuing mission to give children and teens the financial education their schools seem to lack, Escape from the Rat Race is a story presented in a graphic novel format - a comic book!
    Just use the "Next" and "Back" buttons at the bottom of each page to navigate through the 8-page excerpt.


    We join in as Red explains to Tim how to get started managing his money and creating assets... (here)


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