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If you have some profits watch your stocks

May 28th, 2013 Posted in Business, Finance Tips

Think about setting a sell price for profit also a sell price if the stock starts to drop.  Write these decisions down and why you have made them.  Stick to your decision, that has been arrived at in an informed and educated way, do not be swayed by your emotions.  Trying to pick tops and bottoms is almost impossible.

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Keeping Track Matters

May 14th, 2013 Posted in Business, Finance Tips

When buying or selling you must keep track of your basis. The basis is what you paid per share on a specific date plus any cost. Most brokerages have records going back a number of years, but you might easily hold a stock or other for longer then the brokerage keeps records. Cost is important so that you only pay the taxes that you owe ,or so that you know whether you are making or losing money. You can never have to much information.

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How Much Do I Need To Retire?

May 6th, 2013 Posted in Business, Finance Tips

If you are trying to figure out how much you need in your retirement funds here is a very simple system from Fidelity Viewpoints at age 35 1 times your annual salary, at age 45 3 times your annual salary, at age 55 5 times your annual salary and at retirement 8 times your annual salary.  Remember to include all monies earmarked for retirement, not just your 401 K or IRA.  Most people would not count their home or social security perhaps not even your pension.  Many  brokerages have retirement calculators that you may use even if you are not a customer. You might want to try a couple of different ones just to get an idea on where you stand.

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Sell In May

April 30th, 2013 Posted in Business, Finance Tips

Remember the maxim “Sell in May and go away” yes it is almost May. Don’t get crazy look at each of your holdings and your total portfolio, then decide if it is the right time to sell based on complete and proper analysis, of your individual holdings and circumstances.

Is it Time to de-clutter?

April 15th, 2013 Posted in Business, Finance Tips

Check out your portfolio. Is it time to de-clutter? If you don’t want to feed what you have by adding new money maybe it is time to weed those stocks out.  Do a back-ground check on each of your holdings and make sure you only have what YOU need.  Pick the right time and price to make a sale don’t let your emotions get in the way.

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Be Mindful

April 13th, 2013 Posted in Business, Finance Tips
 Be mindful of what you are buying or selling. Carefully consider each action and do not let your emotions drive your trades.
  Think about what you and your portfolio need.

Knowing how much you need to save is Important!

April 2nd, 2013 Posted in Business, Finance Tips

In order to figure out how much you need to save, you first need to know WHY you are saving. What is you DREAM? You have to really want it! You will be suprised how once you pick a DREAM and an exact date for it to come true, how you will then come up with a plan and be able to implement the plan. You can achive your DREAM you just need to want it bad enough. Need help trying to figure some financial question?…. just e-mail me at chel106638@yahoo.com

Time waits for no one – By Michele Burier

March 11th, 2013 Posted in Business, Finance Tips
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Time can be your friend or enemy it all depends on how you use it.

Remember these things about time.  Time waits for no one. 

Time will not bend to your will.  Time can not be replaced once it is gone it is gone forever. 

Time can not be manufactured or replaced.  Use your time wisely let the miracle of compounding work for you and not against you.

Arthur Levitt Quote

March 6th, 2013 Posted in Business, Finance Tips

Here is a quote from Arthur Levitt, former SEC chairman “The ease of today’s technology isn’t an excuse to do less. It’s an opportunity and a mandate to do more; to learn more, to be aware of more, to be informed of more and to achieve more-as individuals and as a country.”

We all need to keep learning and trying new things so that you grow and do not stagnate.

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