Financial independence through investing in share market,guideline for investing in shares and debentures,details about share trading ,risks in share trading , etc.
Financial independence through investing in share market,guideline for investing in shares and debentures,details about share trading ,risks in share trading , etc.
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Everyone dreams of earning passive millions. However, what does this idea of “Passive Millionaire” really mean and how can it be achieved? This article will reveal the concept for you and help you figure out how to achieve it for yourself.
A passive millionaire literally means to earn a million dollars through passive venues. Rather than working for a wage, your money works for you. You have to begin with an initial investment to get started, but then you just develop a system that goes to work for you. There may be some work in the back end set up, but once you have everything ready to go, you only have to do minimal up keep to insure that things are running smoothly.
Sources Of Passive Income
There are several sources of passive income that you will be well aware of. One very popular source in the past several years has been the real estate market. Investors have made millions of dollars passively by buying and selling real estate. Often referred to as “flipping” a property, you can do the work yourself, but most hire the work done and profit from the end result.
Another more common option is through investing in the stock market. Through stocks, bonds, and mutual funds, you put money in, choose to be aggressive or modest with your money and then watch it grow over the years. If started as a young adult, the results could be well over one million dollars by the age of retirement.
Negatives To These Sources
For every positive there is always a negative, and these options certainly have them. While both are legitimate options, you have to have money to make money with these sources. With real estate, if you don’t have the money, then you have to have someone else invest in the project with you. In the end, this will take away from your final profits.
A Solution
One of the most popular up and coming methods of becoming a passive millionaire is through the internet. For a very little investment, you can be well on your way to earning thousands daily online. You can utilize several preexisting systems, free or low cost advertising methods, and watch the profits come in.
The internet allows someone without an education the opportunity to earn as much as a CEO of a major corporation. With the help of a website, capture page, advertising, and affiliate marketing, you can earn thousands of dollars daily with virtually complete automation.
Don’t be fooled though by people who try to tell you that it is a get rich quick option. While it is possible to earn a great income quickly, you are going to have to devote some time and effort into learning how to market online. However, with a minimal financial risk, it is well worth your time and effort to work online. It is a great option for an average person to become a passive millionaire.
I have decided that a stock trading robot would have to be developed by someone who knows the complex thinking and analysis involved in the stock market. A basic understanding of the stock market would not be sufficient to create a good stock trading robot. This of course basically means that the computer has to get good information to get some decent results.
So the individual or individuals who developed a stock trading robot would have to have a good grasp of computer technology as well as a background in the stock market. A good combination would be a computer geek and a stock market expert. So my interest was piqued when I read that there is such a product available to the public.
Just like most people who have an interest in making a profit in the stock market I have been looking into this product in some detail and to my surprise it seems to have some promise. It does not have a long history which is one question I have but on the other hand getting the information generated by this stock trading robot is not expensive. The product has only been available since the beginning of 2007. Also, as with many available products, you can try the picks generated by the robot during a trial period. I have decided that of all the products I am considering to supplement my retirement.
I have used the stock trading robot Marl as a “tester’, which was offered to me by the developers, and it may have some promise. It certainly seems to have a good track record to date. Have you ever wondered how to be successful at picking good stocks to invest in? I think this is worth the investment that I have made. Cheers! Daniel Tay (danieltayhh@gmail.com)
Check it out at http://tinyurl.com/2tw8b5
very demanding question.
yet, please go through all the answers in this section.
thereafter, if you have specific questions still, glad to answer them.
It will be a while before you become financially independent, if you start now.
Before looking at share market, make some investments in the Mutual funds. Mutual funds have the option of switching between Growth-Balanced-Secure funds. If you track the markets regularly, keep moving from Growth to secure funds when ever you sense danger in the markets, and then back to Growth funds when markets stabilize.
The returns from MF’s will be seen only after 5-6 years. Keep investing amounts every year, so that the returns can be seen every year, after 5 years.
Have some safe investments like NSC certificates and PF.
Now, with some amount aside, that you CAN risk, start trading. There is no doubt heavy risk, but there is also heavy returns. If you are not confident your self, handover that money u have for trading to a professional, who will trade on your behalf.
Hello,
I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk
2) Professional people who know what they where doing with my money.
I’m glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:http://my-robottrader.blogspot.com/
My money is working for me, in three months time I already have a ROI of 89%.
So you don’t hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I’ll give you the email adress of my moneymanager
Hope this has helped you!
Buy an ETF for the long-term. Sure up the short-term with a good E-Fund. Have a discretionary stock portfolio to try to be like Warren Buffet (maybe 10-15% of your total portfolio).
Why make it difficult on yourself? In Cramer’s new book, he praises index funds and mutual funds and has certain active fund managers that he really likes. He’s an incredible maverick when it comes to stocks, but I like the humility of his third book; it’s incredible. It means that he is resilient and cares about the investing public.http://answers.yahoo.com/question/index;…
Let’s say you have managed to save 10k you can invest in tax liens now the rules and rate of return is different in each state but to give you an example in florida this is how it works:
1- You find a tax lien you like for 5k now in florida you bid on the lowest interest you will accept back starting at 18% tbh they dont make it past 8% in most cases.
2- They have 2yrs to pay you back otherwise if their are no other liens on the property you own it. Can you say rental or flip in the works.
3- interest is compounded monthly so lets say you got the 18% thats 1.5% a month added so if it goes to the full 2yrs thats over 36% roi with hardly any risk.
Now their are risks so you need to educate yourself on investing this way. Not every lein is a winner.
Second way is to lend people money not as a loan shark but their are networks now where you can loan people money risk is higher here but with monthly payments on loans to you can reinvest in more loans so eventually your passive income might be very high.
Best advice I can give is learn as much as you can when it comes to finance.
Good Luck