|Financing the "Project"
||[Jan. 9th, 2008|04:13 pm]
Ever since my divorce in 2001 I have been making ti a habit to by my company's stock every year they offer it. It is a payroll deduction purchase, no options or anything and the price is set usually a month before the subscription time begins which is usually in January. In other words, you wont loose a dime you contribute. |
In a short amount of time I accumulated quite a bundle and sold some of this in the process and bought other stocks that grew in price faster than my railroad stock. The old plan is called buy low, sell high. You cash out and move on. I stay away from stocks that are "high fliers" and stick with the tried and true stiff so I tend to shy away from techs and generally things that sound to good to be true.
The bottom line is that you always make more than what you put in, cash out and move on to the next opportunity, It is that simple. Now bear in mind that this takes a little investment in TIME. People think that you can get rich quick in this stuff and you CANNOT!!!
Let me emphasize that , YOU CANNOT!!! It takes time as well as diligence, patience, and a lot of discipline to make any money in a certain amount of time but it can be done, even in a bear market. Because when something is down, there is always going to be something that is going up. Case in point, Gold and oil. One vehicle for doing this is something called an exchange traded fund or ETF. I invested in a gold ETF some time back and cashed out and the payoff was nice but if I had stuck with it, today would be even bigger. Win some, loose some but remember in the end you come out ahead.
Some of you here are wondering, how in the hell can I afford any of what she is talking about? Simple. Crack open a newspaper or surf the Internet and there are thousands of affordable stocks and funds that anyone can start off small with, even if it is only one share. The whole idea is to not only save money but to make money off of what you are saving.
And that, after all is what we are all after. To make some money so we can get done the job that nature forgot to do.
Hope I have been some help