Personal Finance - 9 Good Habits in Personal Finance
- Pay yourself first
Set a target, make a budget, take out approximately 15%-25% from your income to pay yourself. Not buying any goods or new toys, but invest for your future!
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- Mark Down your expenses
The biggest mistake that people make in personal financial planning is don’t know where their money go. IF you don’t know your expenses, then how you going to plan for your budget, expenses and future?
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- Minimize your credit cards to 1
The more card you hold, the harder you control your “buying†desire.
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- Choose a smaller house, but bigger in future
Good news, more and more people can get a mortgage. Bad news, they choose the biggest house that they can afford. How about think the other way? Take a smaller house first, use the extra money to invest, with the returns, get a bigger house. The good news is the money you invest keep “collecting†back money to you!
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- Avoid Impulsive Shopping
Does impulsive shopping give you satisfaction? Then I prefer to recommend better replace it with other recreation activities such as reading, chatting, exercise or other. This is because there are a lot of side effect of impulsive shopping that possible will generate a series of nightmare to you.
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- Drop down the living demand
I give you an example. Do you have to drive your car to the store just at the end of the street to get some drinks? The oil price is hitting the highest point that ever has. So why don’t get on a bike instead of driving a car when the condition allowed.
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- Take good care of your goods
Take good care of your goods, make their life longer. I think you can save some money from here.
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- Save for emergency fund
Life is unpredictable. Better prepare for the disaster by setting up an emergency fund.
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- Using the power of compound interest
Reinvest your interest every time to benefit from the power of compound interest.
Carnival Of Investing #24
Global liquidity and the rise of non-US influence
Blog Name: Capital Chronicle
Submitter: RJH Adams
Comment : The movement of non-US liquid assets is a strong indicator of future stock market direction.
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How I Lost 18.6% in the Stock Market
Blog Name: MyMoneyForest
Submitter: Tim MMF
Comment : Tim from MyMoneyForest shares with us his experience in some of the online trading company.
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Blog Name: It’s Just Money
Submitter: LA MoneyGuy
Comment : Amaze your friend! Learn the rule of 72.
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Blog Name: Stock Market Beat
Submitter: Trent
Comment : Watch those headlines. They tend to be misleading.
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Fate, Providence, and the Elusive Art of Stock Valuation
Blog Name: The Daily Bacon
Submitter: Tim Goodfellow
Comment : Tim shares with us some mathematic formula that will make the process of valuing a stock become easy.
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Sun Tzu and My Other Investments
Blog Name: “D”igital Breakfast
Submitter: Thomas Ott
Comment : I went on mini shopping spree in the stock market this week. As Sun Tzu said, “move for advantage” and I did! Only time will tell if I was right!
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Starting to Invest: Picking a Broker
Blog Name: Young and Broke
Submitter: Amanda
Comment : What to do when you’re ready to start investing and pick a broker for the first time
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Should You Invest In Your Company’s Stock?
Blog Name: FinancialReflections
Submitter: Financial Reflections
Comment : Financial Reflections share 2 real life examples of the consequences of investing in your company and not investing in your company.
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Nicola Horlick: Are Women Better Money Managers?
Blog Name: Jack Yoest
Submitter: Jack Yoest
Comment : Nicola Horlick is a Brit who is a mother of five (plus another daughter who died of leukemia a few years ago). She is also a top money manager at Bramdean Asset Management in London who has just opened a new division of her company,…
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Blog Name: Canadian Capitalist
Submitter: Canadian Capitalist
Comment : Most emerging markets underwent a swift and brutal correction last week. Investors need to be aware of the high volatility and other risks inherent in this asset class.
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Blog Name: InvestorGeeks
Submitter: Chris Welch
Comment : A financial calculator can be an invaluable tool for any investor. Chris discusses the purchase of a financial calculator and how to best use it.
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Royalty Trusts - Get Paid Royalties w/o Paying (Much) Taxes
 Blog Name: My 1st Million At 33
Submitter: Frugal
Comment : Frugal talk about the Royalty Trusts and how you can take the tax advantage on it.ÂÂ
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Fat Pitch Financials Contributor’s Corner Review
Blog Name: Blueprint for Financial Prosperity
Submitter: Jim
Comment : This is a review of Fat Pitch Financial’s Contributor’s Corner, a private site that highlights special situation investment opportunities.
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College Tuition Estimator Online Calculator
Blog Name: AllFinancialMatters
Submitter: JLP
Comment : JLP share his College Tuition online calculator with us.
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The Trouble with Home Depot - Buying More for the Dividend?
Blog Name: The Dividend Guy Blog
Submitter: The Dividend Guy
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Analytics: The greater fool theory and weak closes
Blog Name: The Education of a Gaming Investor
Submitter: Philip Jones
Comment : A post about the gauging market sentiment based on a stock’s strong opening and weak close.
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Warren Buffett’s Wisdom on Investing, on Markets, and on Life
Blog Name: GuruFocus.com
Submitter: Kaushal B. Majmudar
Comment : Every May, thousands made a pilgrimage to Omaha, Nebraska in America’s heartland to attend a meeting that is unique in global business. On Saturday May 6, 2006 this year, Berkshire Hathaway’s Chairman and CEO Warren E. Buffett (the second richest man in the world after Bill Gates of Microsoft) and Vice-Chairman Charles T. Munger (his long-time friend and partner) welcomed 24,000 devotees to the Quest Center in downtown Omaha for an event that has been dubbed a “Woodstock for Capitalists.”
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Blog Name: Crazy Jim Smith
Submitter: crazyjimsmith
Comment : Crazy Jim Smith is trying to be funny here. Sort of.
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Blog Name: Ask Uncle Bill
Submitter: Bill
Comment : Invest in your career.
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Blog Name: The Real Returns
Submitter: Moneywise
Comment : A survey of the dividend ETFs.
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Tourist development in Budapest Hungary
Blog Name: Nubricks.com New Homes
Submitter: A Samuel
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Blog Name: Trader Knowledge
Submitter: Dominic Foster
Comment : Introduction to how a trader can benefit from trading e-mini contracts in the futures market.
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Prius Anyone? Take a Good Look First!
Blog Name: Debt Free
Submitter: Steve Faber
Comment : With headlong rush to hybrids, has anyone really looked at the big picture? On the bright side, higher fuel prices can lead to investment opportunities for you.
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Thanks for reading. Next week, Consumerism Commentary will host the next carnival of Investing. If you have any good articles, you may submit there.
Technical Analysis - Web tutorial on candlestick analysis
I learned about candlestick last year when I involved myself in Forex Trading. At that time, I found that it is not easy to be a pro-investor that has the abilities in technical analysis. But anyway I believe that as long as you pay your time, be patient, then we can master it one day.
So first of all, how about you go to this web site : http://www.stockcharts.com/education/ChartAnalysis/candlesticks.html to learn some proven trends in the market for reversal signal. Knowing the signal that the graph giving you will help you making decision when to enter and when to exit. For here you can build a more exact enter and exit strategy.
