Tuesday, April 1, 2008

The Stock Market

The Stock Market

If there is one thing I know nothing about it’s the stock market. I understand the basics of how it works, but I don’t really know much beyond that. I do understand that people can buy shares of a company and if that company makes money then so do they. I also understand that the economy greatly affects the market, and when the economy is bad, people can lose a lot of money.

The stock market is often a feature on the news each night because so many people have an interest. Even if you don’t own stock, your company probably has publicly traded shares. The people who buy these shares have a stake in whether your company succeeds and makes money. Oh, the pressure, right? I also know that entire towns can depend on a company’s performance on the market. There have been towns that have died when stocks have plummeted, leaving workers without jobs.

Though I don’t personally have any stock in the market, the company that handles our retirement fund does. This is has caused me to keep a closer eye on news about the stock market, but I have no idea what I even want to hear. I guess if the stock market is doing good then I have nothing to worry about. I do know that we are involved in low risk investments, and that is the best choice for us right now. In the future, we may change that. The more money you have to play around with the better. That way perhaps you could invest some in low risk ventures, and put a little in the high risk category to see if you can make a quick profit.

If you want to get in on the stock market, you simple have to have some money to buy stock. This can be easy or it can be extremely complicated. If your knowledge of the stock market is as limited as mine is, you should probably find someone to help you with your investments. Though this is risky, you can find someone who knows when to buy and when to sell, and you can leave that up to them. If you know more about it, and you have the time, you can manage your own stocks, but I would strongly suggest you know what you are doing before you attempt that. I have heard too many bad stories about people losing a lot of money just because they didn’t entirely understand the game.

Easy ways to make money

Easy ways to make money

The internet is jam packed full of articles that promise easy ways to make money. Every site has a plan that they claim is the absolute best that is out there. Once you end up reading several sights, reality says that the majority of the easy ways to make money most likely are a complete waste of time. In fact, some of the "too good to be true" ideas actually require spending money in order to earn money.

I've actually fallen for some of these so-called "easy ways to make money" schemes. Fortunately, I can say that I've never been so naïve to actually invest much of my hard-earned money, but I've wasted about $50 total. My personal favorite though, was the attempt to take online surveys. Sure, it works if you sit glued to your computer 24 hours a day. Most of the surveys that were sent my way were already filled by the time I'd get to it, and many of them gave me preliminary questions to determine if I was even eligible to take the survey! I barely qualified for any of them. The worst part is that I never saw a single cent. I gave that up within two months.

Mystery shopping was suggested as one of the best "easy ways to make money" that I found. I figured it would be enjoyable and somewhat challenging. I spent $30 to register for a ton of sites that hire secret shoppers. Out of the seemingly millions of sites I registered at, only a few offered me local shops. I know I live in a more rural area, but we have malls and major department stores. Yet, I was only being offered small, low paying assignments. I'm still getting offers for assignments but nothing even remotely appealing has popped out at me.

If you're looking for guaranteed easy ways to make money, look around your house and itemize your own personal interests. If you're looking for ways to make fast money, think simple. Organize a garage sale, get rid of some things on ebay, offer to sell things for friends and family. If you're crafty and able to sell some of your creations, it may be a wonderful way to bring in some extra cash. Try to cash in on some of your hobbies and interests.

Just be warned, most of those guaranteed easy ways to make money are a complete waste of time. There are sites that have done their research and uncovered some scams that you should check into. It seems like every day I see a new magazine with articles on easy ways to make money. They almost always say the same things. There are always new schemes and scams formulating as well. If you're willing to waste a little bit of money, you can find some interesting and easy ways to make money. However, if you need to make money quickly, skip the tiny investments and glance around your house. If you do decide to sign up for one of those guaranteed easy ways to make money, don't invest too much of your own money, and exercise some caution.