What do you think about investing during financial economical crisis?
I know that this financial economical crisis will last for 2 years at least. But I want to get some financial benefit from banks in anyway.
So what do you think about investing during financial economical crisis period? Will it be successful or self-destructive plan?
Depends. If you plan on “bottom fishing” and hoping to pick up some good bargains, be prepared for a wild ride — and probably many losses.
It’s tough to invest for capital gains/price appreciation when the market has gone down so much. Volatility is at historically high levels.
Also, it’s tough to guess which companies are going to prosper in and after these tough times. Big names are on the ropes. Who’s next?
Also, don’t forget that baby boomers have just started to retire. We might depress the markets for a lot more than just two years.
So, my advice — as always — is to invest for income. You can pick up many bargains in dividend-paying stocks. You don’t have to care how their prices fluctuate in the future, so long as they keep paying you dividends.
Best, Rick Stooker
What is the best way for teens to make a residual income?
I am 14 and would like to create myself a residual income which is a decent amount. I am happy to spend up to a week in my holidays to get it up and running or more. I was wandering what the best way to do this is? I have seen ideas as things like writing a blog, but i am not sure what is the best way to then get a revenue.
Please include as many ideas as possible but also information and advice on each one. I will pick a best answer on how much information, ideas and advice is provided.
It doesn’t matter if you are sixteen or sixty five, the only way to generate residual income is by building a business, investing in stock or real estate or writing a book (or being a movie actor – but that is a pipe dream).
BUSINESS – Start a lawn care company (since your a teen). Get a truck, a good mower, etc. And go around your neighborhood passing out flyers. Once you get enough clients, hire other people to do the work. BOOM, you got residual income rolling in.
REAL ESTATE – (the stock market is really complex, so let’s stick with RE) – buy a house, rent it out. As long as the rent you charge is over the mortgage payment, you got positive cash flow (residual income).
WRITE A BOOK – It’s free to sit at your computer, and your probably glued to your lap top all day anyway, so put that time to good use. If you have talent, you get the book published and then earn a royalty (or residual) off every sale.
There might be a couple other ways to generate residuals, but those are the best (or at least most common). And again, age doesn’t really matter (although you buying a house right now might not be realistic), so I’d focus on a lawn care company or writing (or, hell, try your luck in Hollywood).
Can a person at any income level start a Business or can only Rich/Wealthy people start a Business can Middle?
Can a person at any income level start a Business or can only Rich/Wealthy people start a Business can Middle Class people start a Business with a Business Loan ?
Yes, a person with any income level can start a business but up to that level how much funds are involved.For better business one can go for business loan also .The much you invest only that much of business you can start.
How does a decrease in income tax and expansionary monetary policy impact the economy?
How does decrease in income tax and expansionary monetary policy combine to affect Inflation and trade and how can it minimise the negative effects of inflation and trade?
thank you very much.
A decrease in income tax would encourage people to spend (consume or invest). Through a subsequent multiplier reaction, this would increase aggregate demand and hence, the price level. As for the expansionary monetary policy, it involves increasing money supply to reduce the rate of interest so as to stimulate aggregate demand. Hence, this as well would increase the price level. The two together would increase inflation and hence, make exports dearer while imports cheaper. Other things being equal, this would cause a fall in exports and a rise in imports, leading to an unfavourable balance of trade.
It won’t minimise the negative effects of inflation given both would themselves boost the price level which would deter external trade…
What should I invest in if I want to venture into concept/documentary photography?
I am a student and have very little income. I wanted to know what upgrades I could do for my D90 kit that would improve my photography as well. I know that 50% or more of my improvement is based on my creativity but I would really like to know if there’s something I could be able to use to maximize my talent.
Invest in good lenses 200mm 300mm or 500mm. Good luck!
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