Monday, June 19, 2017

Money Making(and saving)Tips

If you like to shop online, watch videos, search the web, take surveys and find great deals on the web, then you should check out Swagbucks. Swagbucks rewards you in points(swagbucks) to do the things you normally do online. Points can be redeemed for great gift cards. Every 100 points equals $1 value and there are gift cards as low as 100 points(keep in mind you get what you pay for and better cards become available at 500+ points. This is a legitimate site to make money. People claim to make over $2000 a year easily.

In my search for the best interest rate online accounts, I found an online savings account that has an APY of 1.10%. There is no minimum deposit required to earn this rate. Discover online banking offers a high yielding savings account and other services such as checking, CDs, money market and even IRA accounts.
Synchrony Bank goes a bit better at 1.15% APY. I know what you're saying. Why give two different banks with different APYs? I mean it's obvious that Synchrony should be the choice hands down. I tend to use one as an emergency fund where I'll withdraw money if needed. The other I use as a nest egg and not touch it until later in life. But you do what works for you.

Still living paycheck to paycheck? Here are ways to spend less and save. The ones that have helped me big time are not keeping up with the proverbial Joneses, to hell with what your friends, family or neighbors have. Putting money religiously aside in a savings account weekly. I live below my means and I live in a cheaper apartment. Out of everything else, I learned to cook. That is a money saver and more nutritious if you buy your meals at work.

What should you do on a Monday and never on a Thursday? Buy gas! You've been warned.

Saturday, February 25, 2017

Sure Thing Investing

When I wrote this I had bought EXEL at under $4. Today it is at $21.69! What a profit, huh? But as with most investing, I seek long term gains rather than quick fixes. I love penny stocks that rise and the ones that pay dividends are wonderful.

My next winning stock pick is one that pays dividends and has increased but has also decreased at 'heart attack statistics' as I dub them. My next penny stock pick is Navios Maritime Holdings. You will need to buy at least 200 shares and you may win hundreds and lose some. But in the long run it pays dividends and is a strong pick.

Currently, 200 shares will cost less than $200 but keep in mind this stock will win and lose, but provide financial gains in the long run!

Monday, February 20, 2017

Reassessing Your Finances

Do you really need a budget? Some tend to say that a budget isn't really needed. I do believe that everyone is different, and if you are in debt, you should probably have a budget. Budgets should be flexible, since some things can change.

A good way to reassess your finances is to overhaul your financial health. If there is a way, try to earn extra cash. Never miss ways to make extra cash. It will always help in your retirement.

If you aren't doing your banking through an online bank, you definitely aren't getting a great APR rate. Go to Barclays, and get a great rate on savings and CDs. Although it claims 1.00% APY, if you sign up for a Retirement account the rate goes to 1.05% APY. Barclays also rewards you at the end of the year if you don't withdraw any money you put in. You can go right to 1.05% APY in a savings account at GS Bank. The 1.10% APY 12 month CD is a great rate for a short period. As far as checking, Charles Schwab

If you are investing for the future, you know the importance of a diversified portfolio. Can you be losing money because your portfolio is too diversified? I fell into this trap when I was starting out.
Investing should be involved in any financial issue. Start with as little as $1000 and learn how to do it.

For a great resource planner in all financial matters, Personal Capital has many tools to manage your finances and plan for your retirement.

Sunday, August 21, 2016

Extra Money...just in case!

There really are legitimate ways to make money. The possibilities are as far reaching as one's imagination...literally!

Here are some clever ways to make extra money. My favorite is renting your friendship, and they say money can't buy friends!

As far-fetched as it sounds, I think this 'be my friend' thing is a goldmine! Oh please be my friend on Facebook!

I'm just saying...

Saturday, July 16, 2016

Investing Worth $1 For One Month

Although I am ready to retire in a few years, I have this itch to invest in the stock market. I guess it's like the itch the compulsive gambler gets when he thinks he's got a winner but ends up losing. With the Brexit thingy, everybody expected the worst with stocks and investments and feared that their 401Ks and other retirement investments would see a BIG lost. At first, their fears were realized, while my opportunistic sense for profits was in high gear!

Well, it seems that stocks are rebounding rather nicely on this side of the pond. I was looking forward to buying some winning stocks that were sure to rebound. Most stocks seem to have lost a little while others gained a lot!

Yes, Brexit will affect stocks on their side of the pond for awhile, but it will balance itself out. I am European and realize that European stocks and bonds may have to wait for a couple of years more to give you a good return. Britain was smart, and people fail to realize that Britain never made the Euro its official currency. Rather it decided to keep the Pound as its currency. Now with other countries wanting to exit the EU, it may just create turmoil because they converted their currency to the Euro. So I see a problem if others choose to exit for maybe 3-5 years.

For those of us who look for great investing advice cheap, check out Zacks. This site offers the use of all its premium services for a month for just $1. After that period you can leave, or sign up for various services that can run from $5 a month all the way to over $1000 a year. This service has been extremely informative and my month will end in a couple of weeks. I will sign up for one of their services, I can guarantee that.

Why do I like this site for investing? They break the stocks down from Strong Buy to Strong Sells. They have stocks under $10 that so far perform fairly well. They analyze your Portfolio(s), real or just for research. They give much analysis and strategies that are easy for even the novice to understand.

Now as with anything, there are risks involved with any investment, and I have been ill-advised about one investment, but Zacks more than redeemed themselves since then.

Monday, June 20, 2016

The Gifts Of Stocks!

Please note:
Since I wrote this SparkGift has been acquired by Stockpile. Stockpile doesn't have the flexibility of buying stocks like SparkGift. I had to sell my stocks to get my money, and I was actually making a profit. With Stockpile you are also limited to the stocks that you can buy. I'm not a member.


When it comes to Christmas, birthdays, special occasions, weddings, etc., my gifts are cash, gift cards or lottery scratch-offs. I never had a knack for buying the right gift. Now, for the most part, I will continue to give these as gifts, but there may be a better gift buying that can be considered an investment.

I found a perfect site to give the gifts of stocks and mutual funds to loved ones or even yourself. What makes it great is that you can buy stocks or funds for as little as $20. The fee is a mere $2.95+3%. The great thing is that you use a credit card and your gift gets sent in an email with instructions on how to claim their gift.

The great thing is that unlike sites where you have to buy a whole share, your investment buys fractions of shares. An example is if you invest $50 and a stock costs $100, you get .5% of a share. If you're like me, this is a great way to build a portfolio on the cheap!

SparkGift is a site that is practically addicting to me when it comes to buying stock for loved ones and myself. Imagine how much easier it is to invest for your children. The beauty is that you can buy shares of the stocks and funds that they suggest, that are sure winners but a bit expensive, or you can buy whatever you want from stocks and funds.

Monday, June 6, 2016

The One I Got Right

Perhaps you missed my last entry, but just so you know, Exelixis is flying high. I've been following this stock for the past three years, and I've seen extreme lows but some extreme highs like the past couple of months. I've lost a significant amount, but now it has more than made back my loss.

What caught my eye and drew me to this company? Look at the description...
Exelixis, Inc. is a biopharmaceutical company. The Company is engaged in developing small molecule therapies for the treatment of cancer. It focuses on the development and commercialization of cabozantinib, an inhibitor of multiple receptor tyrosine kinases, in various tumor indications. Cabozantinib is indicated for the treatment of progressive, metastatic medullary thyroid cancer, and is sold under the brand name COMETRIQ. It is evaluating Cabozantinib in a development program, which consists of over 45 clinical trials, across multiple indications, including pivotal studies in advanced renal cell carcinoma (RCC) and hepatocellular carcinoma (HCC). Its other products are Cobimetinib and XL888. Cobimetinib is a potent, selective inhibitor of MEK, a kinase that is a component of the RAS/RAF/MEK/ERK pathway. XL888 is a small molecule oral inhibitor of Heat Shock Protein 90 (HSP90), a molecular chaperone protein that affects the activity and stability of a range of regulatory proteins.

Cancer treatments are the future with the aging baby boomers and other generations where cancer will still exist. I'll admit pharmaceuticals are risky since some other company may come up with a generic version. They are a roller coaster ride, so not for the weak hearted.

At one time, all the analysists said don't buy this stock or sell the stock if you have it. Look what they are saying now, here, here and here. Financial advisors might laugh at my layman's assessment. I'm just in shock and awe how this stock is currently flying high!