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The Sloppy Investor: Common Investing Mistakes And How To Avoid Them

The world of investment is a dangerous place. Yes, there is a real chance that you can make a lot of money and get rich. But, there is also a chance that you could lose everything. The last statement is not supposed to scare you from making an investment, far from it. What it is supposed to do is make you aware of the hazards of making the wrong decisions. There are plenty of cases where potential investors get it wrong because they make mistakes, and you don’t want to be one of those people. Here’s how you can avoid the mistakes and make your investment successful. Read more

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China Telecom Shares Fall Amid Probe Into Boss

Hong Kong (AFP) – Shares in China Telecom dropped as much as three percent Monday after news its head was under investigation, the latest high-profile target in a corruption crackdown.

The firm, one of China’s big-three telcos, saw its shares trade as low as HK$3.62 ($0.47) on Hong Kong’s bourse compared to the previous closing of HK$3.73.

At Monday’s close the drop had narrowed to 1.34 percent, with the shares ending at HK$3.68.

The probe into Chang Xiaobing for “severe disciplinary violations” was announced by the Central Commission for Discipline Inspection, the watchdog of the ruling Communist Party.

The term is normally a euphemism for graft.

Chang had been “taken away”, according to an article in the respected business magazine Caijing, adding that he disappeared just days before a meeting of the state-owned company planned for December 28.

Chang’s phone was switched off and he had not responded to multiple calls, it added.

“Since last year, when the authorities were probing oil companies, we knew they would be doing this for other sectors. Now it’s telecoms,” financial analyst Jackson Wong from the brokerage firm Simsen Financial group told AFP.

Wong said investors were moving cautiously pending further details of the probe.

Authorities have been pursuing a hard-hitting campaign against allegedly crooked officials since President Xi Jinping took office in 2013, a crusade that some experts have called a political purge.

After a stock market rout this summer, the nation’s financial sector was under the spotlight with several high-level executives reportedly being hauled in.

Billionaire Guo Guangchang, dubbed China’s Warren Buffett, disappeared from public view earlier this month amid reports he had been detained by police in Shanghai.

He briefly resurfaced afterwards but his conglomerate flagship Fosun confirmed the 48-year-old was “assisting in certain investigations” by Chinese authorities.

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5 Penny Stocks to Watch in 2016

2016 has already been a tumultuous year in the stock market, with day after day of significant declines, followed by some upticks in the market. It’s a rocky start to a new year, which has caused investors of all types to wonder if their strategy is going to work as we continue this year.

From dropping oil prices to declining global markets, it’s difficult for investors to get a handle on how to make the best decisions, which has led them to seek alternatives to traditional stock market opportunities. One of these alternatives is penny stocks, which are frequently a less perilous way to invest even a small amount of money, and often a good way to weather rough patches in the overall market. While no investment is guaranteed, some penny stocks are grabbing the attention of investors, analysts and media outlets alike.

So as 2016 is now fully underway, what are 5 penny stocks to watch? Consider these:

Curis Inc.

Multiple media outlets have cited Curis Inc. as one to watch. This biotechnology firm is currently working on developing drugs that treat cancer along with a range of neurological and dermatological diseases. They work alongside other biotech and pharmaceutical organizations, and have at least a few drug candidates in the research and development phase. While Curis isn’t yet profitable, many analysts expect the company is moving toward a strengthening future.

Medical Marijuana, Inc.

The use of medical marijuana is expanding around the country, and picking up steam as a viable treatment for a variety of illnesses and pain management. As more states in the U.S. move toward making medical marijuana mainstream, companies like Medical Marijuana, Inc. are benefitting. There are also other similar companies which may be promising picks for 2016, although of course only time will tell.

Avon Products, Inc.

You’ve likely heard of Avon products, which are cosmetics sold through direct marketing. Avon also happens to be an inexpensive investment opportunity for people interested in penny stocks. Analysts believe Avon has plenty of room to grow, and it’s a stable company with a well-known reputation and a consistent history in the cosmetics and beauty industry.

Genetic Technologies, Inc.

Another viable option in the biotechnology sector is Genetic Technologies LTD. This company focuses on diagnostic medicine, particularly as it pertain’s to women’s health issues. One example of the innovation coming from Genetic Technologies is a breast cancer assessment tool called the BREVAGenplus. As Genetic Technologies gains ground as a leader in their industry, it could be a good option to explore in terms of inexpensive investment opportunities for 2016.

Lucas Energy

Based in Houston, Lucas Energy is an oil and gas company with shares that have ranged widely in their price. While oil and energy are taking a beating in the stock market currently, this could make it a great time to learn more about Lucas Energy, in the event this sector does experience a likely resurgence.

Finding Opportunities in 2016

Regardless of the penny stocks you choose to add to your portfolio in 2016, it’s a year full of new possibilities and excitement for investors who are willing to explore their options and learn more about the world of inexpensive stocks.

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Personal Finance: Save Today to Invest in Your Future

Young people just getting started out often fail to recognize the huge earning potential they have by saving today in order to invest in their futures. There are so many things you can do to cut down on what you are spending so that you have extra money to invest with the intent of growing that money into a tidy nest egg. Looking for some innovative ways to save today to invest in your future? Here are a few ideas.

Do You Really Need that New Car?

Actually, a new car is just an example of all the things we buy when they aren’t really needed. Yes, it would be nice to have the latest sports car on the lot and it sure would be cool to own the latest upgrade to that gaming system. However, do you really need it? One of the easiest ways to spend more money than you have to spend is in getting the next, best thing on the market.

Try asking yourself if what you have is serving you well. Is there any advantage to buying a newer model? Obviously if your tranny just dropped out of your vehicle you probably need a new one, but just to keep up with trends is another matter altogether. Think before you buy.

Comparison Shop for Deals Wherever Possible

Another bad habit many people get into is in failing to do comparison shopping to find better deals or better rates. One of the most neglected comparison shopping techniques is to go online to shop for better utility rates. Many people still aren’t aware of the fact that government deregulated utilities a long, long time ago which means that you may not be locked into the rates you are currently paying. Texas is one state that offers cheaper energy because there are a number of suppliers that have agreements in your area of the state. You can get info online in regards to the suppliers available in your area and the rates and services each offers with their current promotions.

What to Do with the Money You’ve Saved

At the end of each year, after you’ve filed your tax return, take any money left to invest according to the amount you have available. If it’s a significant number, you can buy stocks and/or bonds, but if you only have a small amount, you might be better off buying something called a penny stock. It all depends on the amount you have available and the amount of risk you are willing to carry, but in any event, do invest in your future now.

One final piece of advice about investing in your future is probably called for here. Just as you are advised to take it easy on spending, it is also wise to take it easy on investing. Start slowly with small amounts and do your research. Never rely on the word of a broker, no matter how reputable, unless you fully understand what you are investing in. This has proven to be a huge mistake for a great number of investors in the past and a mistake you can learn from. Invest just as frugally as you spend until you know what you are doing. In the end, the loss is yours just as the gain would be, so take it one step at a time.

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Millennials Are Starting to Invest Their Money & Technology Is Helping

Between new regulations and advancements in technology, millennials are starting to invest their money, especially as they make progress paying off their student loans. It will take some time for this generation to build confidence in investing, however, and it’s easy to see why — they’ve lived through the worst financial crisis in recent history, and this group has more debt than boomers and Gen Xers combined, according to a TechCrunch report. Despite the debt and notions that “stock are for old people,” millennials are giving it a try. Today, technology seems to be the key to winning young people over.

Where Are Young People Investing?

Data from TD Ameritrade shows that 38 percent of the company’s new accounts belong to millennials. But where are these young people investing their assets? Millennials are typically investing in individual stocks. In a survey of 1,600 people, the five most popular stocks to invest in included Facebook, Tesla Motors, Amazon, Netflix and Apple. Managing director at TD Ameritrade, Nicole Sherrod, told The Motley Fool that millennials prefer to invest with familiar companies and brands that they have seen during everyday life.

Since millennials grew up with the Internet and a surplus of technology, it’s no surprise to see that a large number of young people are investing in tech-driven companies. This style of investing is far different from traditional methods. The aforementioned companies are not low-risk. Traditional investors seek out stable companies with growing dividends and predictable earnings.

Why Crowdfunding?

Millennials have been the early adopters of such crowdfunding platforms as Kickstarter and GoFundMe. Young people can choose to support tech startups, small businesses or e-commerce companies with ease, investing in others, putting their money where their passion is, whatever that passion may be. Not only is it easy to navigate these platforms, crowdfunding does not require a large chunk of change to get started.

It’s no coincidence that crowdfunding’s rise coincides with that of mobile technology, either. Look at the cell phones available from T-Mobile, for example — with a variety of options available for a range of credit scores, it’s easy for millennials to stay on top of their investments. Crowdfunding, compared to traditional investment practices, makes investing money both easy and attainable.

Where Do They Get Stock Tips?

Most young people don’t have access to a network of stock analysts or a big financial team. New types of investing tools are taking over, and these tools are available to everyone online. Millennials use social media in their day-to-day lives. But social platforms aren’t just great for sharing photos or asking friends advice on a good place to eat. Young people are flocking to social networking sites for financial advice. While in some cases this may be good, receiving advice from friends, or non-experts online, can backfire. A social investing platform like Betterment can help anyone make smart investment decisions. The investment tool offers advice from an experienced team of experts, information and even automated investing services, taking the headaches out of traditional investing.

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How to Have a Dream Wedding on a Shoestring Budget

Getting married is expensive, but with the average wedding costing more than $30,000, it is hard to have a fairy-tale day on a shoestring budget. But the good news is you can make your day special without having to take out a second mortgage to fund the affair. So if you would like to get married and you don’t have rich parents to pick up the bill, here are a few tips to help you make your day super special – and cheap!

A Second-Hand Dress

Every bride wants the perfect dress, but designer dresses don’t come cheap. Celebrities like Kim Kardashian can afford couture creations, but the rest of us have to make do with an off-the-peg number. However, even new high street wedding dresses are expensive, so why not look for a second-hand dress on eBay instead? Since a wedding dress is usually only worn once, it should be in good condition and you can always make alterations if the fit isn’t quite right.

Bridesmaid dresses can also be expensive, especially if you want them all to look the same. However, it can be just as nice to have each bridesmaid in a different dress as long as the colors match. Again, look for second-hand dresses or ask each bridesmaid to buy something she likes that fits the theme; at least she will be happy with her chosen dress.

Cut the Cost of a Wedding Reception

Wedding receptions are usually the most expensive part of a couple’s big day. Booking a lavish reception at an up-market venue will cost you a fortune, but if you downsize the guest list and have a garden party at home, it will work out a lot cheaper. Hire a marquee and erect it in the garden in case the weather lets you down. Alternatively, go for a low-key party at the beach: just you, family and a few close friends.

Budget Food and Drink

Instead of paying for a sit-down banquet, fine wines and champagne, opt for a buffet and let guests pay for their own drinks at the bar. Buffets are not usually too expensive if the guest list is low, and as long as you provide a few bottles of sparkling wine for the toasts, nobody will complain too much. And if this is still more than you can afford, either do a big shop at a discount supermarket and stock up on prawns and chicken drumsticks, or ask guests to bring a dish each.

Cheap Honeymoon

Wait until the last possible minute and book a cheap deal on a website such as lastminute.com. It can be a lovely surprise to your husband or wife-to-be. If this doesn’t work for you, go camping and enjoy each other’s company in the Great Outdoors for a few days.

Even if you are planning your nuptials on a really tight budget, it is sensible to think about taking out wedding insurance. Things can and do go wrong, with disastrous results for everyone, so get a wedding policy at Best Event to ensure your big day is perfect.

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World Stocks Slide On China, Oil Worries

Paris (AFP) – World stocks fell on Monday as a weakening economic outlook for powerhouse China and renewed falls in the oil price prompted a sell-off.

Turnover was muted, however, with many operators still on end-year breaks and the key London exchange closed for a bank holiday.

Wall Street was down 0.5 percent in early business and the Nasdaq fell 0.4 percent.

But Disney shares jumped on “Star Wars” record ticket sales and Amazon gained on higher holiday subscriptions in New York.

Also in New York, February WTI oil futures opened 89 cents lower at $37.21, paring the previous week’s short-lived gains.

European oil stocks and some industrials came under pressure from the twin impact of weak oil prices and ominous slowdown signs from Asia.

In Paris, the CAC 40 extended opening losses to show a 0.7 percent drop, while Frankfurt’s DAX was off 0.6 percent in mid-afternoon.

US and European markets had refrained from major swings in their final sessions Thursday before the festive break, avoiding fireworks after heavy volatility in the preceding days.

“The between-the-holidays period has never been much of one for big movements in the financial markets,” said Barclays Bourse analyst Philippe Cohen.

In Asia, markets broadly fell as a decline in profits at China’s industrial firms reignited worries about the world’s number two economy, but bargain-buying helped Tokyo snap a five-day losing streak.

Industrial profits slid 1.4 percent to 672.1 billion yuan ($104 billion) in November, according to data released on Sunday by China’s National Bureau of Statistics.

“We see weakness across industries, with few signs of improvement,” Steve Wang, chief China economist at Reorient Financial Markets in Hong Kong, told Bloomberg News.

The fresh figures weighed on mainland markets with Shanghai down 2.59 percent and Shenzhen off 2.18 percent by the close.

Shares in China Telecom dropped as much as three percent after news its head was under investigation for “severe disciplinary violations”, the latest high-profile target in a corruption crackdown.

On currency markets the dollar rose to 120.53 yen from 120.19 on Friday in Tokyo, as investors bought back the US currency after it hit a two-month low against the Japanese unit last week.

A weak yen is a plus for Japanese exporters, as it boosts their repatriated profits and competitiveness overseas.

Dealers largely ignored a 1.0 percent decline in Japan’s factory output in November — after two months of gains — announced by the government shortly before Tokyo opened Monday morning.

The disappointing data comes after separate figures last week showed still-weak inflation and household spending, as the world’s number three economy struggles to stage a recovery.

– Key figures around 1445 GMT –

Tokyo – Nikkei 225: UP 0.56 percent at 18,873.35 (close)

Hong Kong – Hang Seng: DOWN 0.99 percent at 21,919.62 (close).

Sydney – S&P/ASX200: closed Monday for public holiday

Euro/dollar: UP at $1.0974 from $1.0965 Friday in Tokyo

Dollar/yen: UP to 120.28 yen from 120.19 yen Friday in Tokyo

New York – Dow: DOWN 0.5 percent from Thursday at 17,471.43. Closed Friday for Christmas.

London – FTSE 100: UP 0.2 percent at 6,254.64 Thursday. Closed Friday for Christmas and Monday for a public holiday.

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A Reverse Approach To Choose The Right Penny Stocks – Part I

Okay, here we go! I was recently listening to a video of Tim Ferriss talking about how to learn things better and faster by looking at the learning process in a different way. In his discussion, he noted that chess champ Bobby Fischer learned how to truly master the game by starting from then end–playing a King and a pawn against another King. In the same way, Tim himself learned how to excel at tango by not learning the male’s moves, but by learning the female’s moves instead.

So, I’m going to take a completely new way of looking at penny stocks: I’m going to learn how to LOSE money first!

I think that if you can learn how to lose money first–and learn all those mistakes that people make when getting into penny stocks–that that information will be the MOST firmly imprinted in your mind. Think about it: if you’re like 99% of the population, you’re at least intrigued by “get rich quick” schemes, of which I’ve heard penny stocks are a great example. But, at the same token, there must be money to be made at penny stocks or else nobody would trade them, right?

That’s my working hypothesis, which dovetails with my other hypothesis, that people that lose money at penny stocks are beginners who focus too much on the “get rich quick” part and are drawn in by the lure of big bucks fast.

So, back to the beginning: if we learn how to lose money and what NOT to do, and that’s more heavily imprinted in our brains by learning those facts first, the chance of losing money is going to be much, much lower.

Next, having to learn what NOT to do, we need to learn WHAT TO DO. In order to accomplish that, I’m going to subscribe to Tim’s idea of breaking the task–choosing what penny stocks to buy–into “minimum learnable units” (MLU’s), that is, the chunks of the task that are easily definable and can be separated into different units. I hope to be able to pick out maybe 5 o 6 MLU’s in the analysis, but no more than 10. Then, I’m going to use Pareto’s Principle (20% of the effort gives 80% of the results, so focus on that key 20%), to figure out which of that handful of MLU’s is key to giving the 80% of the results and learn that first.

My thinking? If we can learn what NOT to do when picking what penny stocks to buy and then learn what few elements are the absolute key to getting an 80% result and learn that element or elements very, very well, we’ll be able to make some money!

Think I’m on to something? Or just think I’m crazy? Respond below and let me know what you think.

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Where To Look For The Best Penny Stock Picker Reviews?

Several investors are turning to broadcast, print and online media for information about investment strategies and best penny stock picker reviews. These resources are providing investors with excellent analysis and expert advice to make them stay on top of the trends and ahead of everyone else on the curve. The task of determining which kind of stocks is the most progressive and most picked is more challenging. A stock investor will have to gather as much information as he could from numerous reliable resources and sites before he could finally paint a clearer picture of what is going on.

Without the counsel and advice of a good stockbroker, the very first avenue where several investors search for good stock picks is the powerful Internet. There are numerous websites whose primary purpose is to provide stock investors updated information regarding a company’s opportunities, challenges, business plans and finances. These sites offer users a day-to-day update of stock trends with highlights on “hot” stocks. These websites’ best feature, by the way, is an exclusive access to discussion forums and chat rooms. Read more

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Shanghai, Hong Kong Stocks Up After China Reform Pledge

Hong Kong, Dec 22, 2015 (AFP) – Shanghai and Hong Kong stocks climbed Tuesday, tracking a Wall Street rally and following pledges from China’s leaders to push fresh reforms to shore up the world’s number two economy.

The benchmark Shanghai Composite Index rose 0.26 percent or 9.30 points to 3,651.77. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 0.92 percent or 21.64 points to end at 2,379.63.

In Hong Kong the Hang Seng Index gained 0.18 percent, or 38.34 points, to close at 21,830.02.