If you’re learning how the stock market works, you may have heard the term penny stocks. While there is some stigma surrounding this type of commodity, it is possible to make some money with penny stocks. Here are four things to know about penny stocks.

What Are Penny Stocks?

Penny stocks are small company stocks that are usually traded for less than $5 per share. Even though some types of penny stocks are traded on large stock exchanges, like the New York Stock Exchange, most of these types of stocks trade through over-the-counter (OTC) trades. Penny stock transactions occur through the electronic OTC Bulletin or through privately owned pink sheets. There really isn’t a floor for OTC or penny stock transactions, and quotes are usually also done electronically.

How Do Penny Stocks Make Money?

Penny stocks are appealing to many stock traders because of the potential to earn a decent return. For instance, some types of penny stocks have the potential to land you around 20% to 30% in profit. The trick to getting this type of return is to sell the penny stocks you’re holding rather quickly — like in the span of a few days — as soon as you see your percent of return increase.

What Types of Penny Stocks Are There?

Since penny stocks revolve mostly around new and growing companies that make shares available to traders, there can be many different types of penny stocks to look for when you get into stock trading. Firstly, when looking for the right penny stocks to invest in, it’s important to research the company in which you’re interested in buying penny stocks. Look for companies within high-growth industries, like technology or healthcare. This can indicate a company’s potential for revenue growth, which means a higher rate of return when you sell your stocks.

Another type of penny stock you can look into is high-volatility penny stocks. In other words, you’re looking for new company shares below that $5 threshold that have massive potential for growth. The trick with these types of penny stocks is to watch closely and sell as soon as you see a decent return potential, usually within the same day or within several days.

Common Penny Stock Scams

There are several common penny stock scams that traders interested in this commodity should be aware of. One such scam is called the pump-and-dump scheme, where promoters of a stock fraudulently inflate the price of owned stocks through misleading promotions and positive claims. Scammers do this to sell cheap stocks at much higher prices. Another scam to watch out for is what’s known as a short-and-distort scheme. This involves selling short a company’s shares and then misleading investors with negative reviews to influence the stock price to decrease.

Penny stocks come with a higher risk than most other stocks, as they are difficult to regulate and track through the SEC. However, don’t let that stop you from trying, especially if you use a reputable broker to help you with your trades.

 

Some people may dismiss the idea of buying a used car because they believe that a new one is the only way to go. However, buying a good used car can be an incredible value. By knowing the right tips to follow, you can find yourself with a steal of a deal, paying considerably less than you would have for a new vehicle.

In addition to saving on the purchase itself, you’ll also save money on car insurance taxes, and even registration. However, if you don’t know what you’re doing, you could end up making a purchase that you’ll regret down the road. Take a look at some of the best tips for buying a used car before heading to the dealership.

Choose Wisely

It’s important that you pick a car that will be well suited for your particular needs. Depending on how many people you’ll be driving around, and what sort of size you need based on your activities, you may have limited choices. It’s important to take all of the factors into consideration when choosing the right car.

From safety features to how much it costs to insure, you should make sure that you have all the answers laid out before you make a commitment.

When deciding between cars, it’s helpful to have a list of your top priorities. Doing so will help you narrow the field more easily.

 

Shop Around

Once you know what kind of car you’re looking for, you can start trying to find ones that are available in your area. Don’t make the mistake of going to one lot and buying the first one that you find.

Shop around in different locations to make sure that you get the best possible deal. From Craigslist to Autotrader, there are many different sites to find a list of good used cars.

 

Check Vehicle History

Before you make the effort of going to test drive one of the vehicles you find, it’s a good idea to run a vehicle history report. By using the car’s VIN number, you can get a detailed history of the car through Carfax.

You’ll be able to see whether the car has been in any sort of accident and whether it has a clean title. If a car you’re looking at does not have a VIN number, then it’s probably a good idea to walk away from the purchase altogether.

 

Test Drive It

Before you hand over your money, it’s absolutely essential that you test drive a vehicle. Often people think that a certain make and model is the right one for them only to find that once they get behind the wheel, it’s an entirely different story. It’s essential to drive the car to see how comfortable it is and how well you feel in it.

 

 

It’s not easy to decide that you’re going to relocate. You will say goodbye to the people you consider friends. You will also uproot everyone’s lives and start over again. It’s an emotional process, and you might go back and forth about this decision. Relocation is even more challenging if you consider your finances. If your decision to move is to chase your dreams, you might not have enough income for the first few months. You will also spend a lot on moving services, flight tickets, and other relocation expenses. It would help if you prepared yourself financially before you move.

Pay all your loans

You want to start over again in another place. If you’re going to start fresh, you have to include your finances in it. Make sure that you gradually repay your loans. You don’t want people to think that you’re moving because you want to run away from your responsibilities. You can also speak to your creditor to restructure your debts and quickly pay them off.

Sell your house

You have to start looking for potential buyers of your home if you will relocate soon. You also need to buy or rent a new house elsewhere. You need that amount so you can start a new life. You also need extra cash while you’re still waiting to get your first paycheck. Talk to your agent to help you sell the house quickly.

Sell your old car

You might not need your car anymore if you’re relocating overseas. You have to sell it as a used car, and you will find several potential buyers. However, since cars quickly depreciate, you can’t expect a high price tag.

Even if you have a damaged car, you can still sell it. There are buyers of junk cars in Hollywood FL if you reside in this area. It’s easy to transact with these buyers, and they will offer a fair price. You have to sell whatever item you no longer need to help build your savings account.

Reduce your expenses

You have to start changing your lifestyle. Cancel all your sports club and spa subscriptions. You’re going to relocate anyway, and you won’t use these services. You should also avoid eating out and start cooking at home. If you want to throw a farewell party, you have to keep it simple. Avoid spending a lot unless your friends are going to pay for this celebration.

Budget your money

You have to be smarter when you budget your income and savings. If you’re still going to search for a job upon arrival, you won’t have a stable income source. It would help if you prepared for whatever possibility. You should also have a backup plan if you can’t get a steady job right away.

You still have a lot to do if you’re going to relocate soon. You better get started now. Every family member should help in packing and moving so you won’t bear the entire burden.

Image: https://unsplash.com/photos/mYxzG5NwDNs

 

When most people think about borrowing money from a financial institution, invariably the first option that comes to mind will be to get a loan from one of the big banks. Of course, there’s nothing wrong with that. Major banks have been lending money to everyday Australians for as long as we can all remember.

Banks are not the only Personal Loan providers in town though, and they don’t always offer the best options. Private lenders who offer quick money loans have some distinct advantages over the banks when it comes to lending and we’ll take a look at those advantages in this post.

Private Lenders Offer Speedy Loan Services

If you need fast cash, Australia has alternatives to the big banks in the form of private lenders.

Let’s say you’re faced with an emergency situation and you need a certain amount of money in a hurry to sort it out. Waiting for a Personal Loan application to be processed by a bank could take weeks, whereas private lenders will often approve your application and deposit the money into your nominated account on the same day or very next business day.

A Personal Loan firm that offers fast cash loans relies on speedy services to attract your business. It’s one of the major advantages private lenders have over the banks, so if you need cash fast, it makes sense to try a private lender.

Minimal Paperwork

Banks can make you fill out very long forms to apply for any type of finance and they’ll often ask for loads of supporting documentation as well. Sometimes you’ll think you’ve supplied everything that’s needed, only to receive a call asking for something more.

Because private lenders are focused on providing funds in rapid time, paperwork associated with loan applications is minimal.

You Can Apply Online

Unless you’re wanting a Pawn Loan, in which case you would have to visit the lender’s business premises in person, you can do your Personal Loan application entirely online. The application form for a fast cash loan with a private lender usually only takes a few minutes to complete. After that you submit it with your uploaded ID and wait for it to be processed and approved. So long as there are no errors on your part, the application will be processed in fairly quick time.

You Can Borrow Small Amounts With a Private Lender

Banks will have a minimum amount you can borrow with a Personal Loan, usually around the $5,000 mark. That’s fine, but if you only want to borrow $1,000, you won’t want to be paying back interest on the extra $4,000 that you didn’t need.

Private lenders have much lower minimums, possibly even as low as a few hundred dollars and a ceiling of around $10K–15K. If you’re not chasing huge loan amounts then a private lending firm makes more sense than borrowing from a bank.

Loan Terms Are Clear and Transparent

Rather than making people read pages and pages of fine print just to see what terms are involved in a loan, private lenders tend to make a point of clearly stating their terms on the pages of their websites. You won’t have to go searching for them as everything will usually be clearly laid out regarding what’s involved.

To pay back a Personal Loan from a private lender you’ll have the choice of between 3-24 months. Loan establishment fees can be somewhat higher than the banks, but interest rates are often lower.

It varies from lender to lender, so be sure to nail down what the terms are before committing yourself to any finance.

There Is Way Less Criteria To Apply

All money lenders will have certain criteria for customers to satisfy but you’ll find the criteria list with private lenders is considerably shorter than what banks usually require. This not only means more people are eligible to apply for a Personal Loan with a private lender, but it also speeds up the application process with less to fulfil.

So long as you’re over 18, have a job (even if it’s part-time), are an Australian citizen or permanent resident and can produce government-issued ID you can get started and apply today!

It has been said that the only thing human beings can truly cling to is memory. Memories are what keep families close. They are what keep legacies alive long after those who created the memories have passed on. If you believe in the power of memories to bond families together, do you also agree that they are more important than stuff?

We Americans have been raised on consumerism. Most of us continue pursuing consumerism throughout our entire adult lives. Yet consumerism has its drawbacks. Among them is the fact that it tends to produce physical possessions that, in and of themselves, have no real value beyond monetary price.

All of this is to say that memories are more valuable than things. Best of all, focusing on making memories does not have to be expensive. Low-cost activities can be just as satisfying. It is all about spending quality time together, enjoying one another’s company along with some shared activities.

Time Passes Forever

Those who have mastered the art of making long-lasting memories have also mastered the reality that time is fleeting. They understand that, unlike money, time is irreplaceable. Once it passes, time is gone forever. There is no getting it back. So what does it matter if you spend 40 years working as hard as you can so that you have physical wealth to pass on to children and grandchildren?

Your love ones might remember just how hard a worker you were. But is that all they will know about you? Will they remember you as someone who loved to laugh and sing? Will they remember you as someone who valued time with the grandkids? Will they remember the important life principles you taught them?

Time ultimately reveals the answers to these questions for every life. Each of us has the opportunity to influence those answers. We can either spend our lives pursuing things or invest our time and resources in one another. Choosing the latter is the starting point for making those long-lasting memories that keep legacies alive.

It’s about the Experience

It is good to remember that the best memories are about experiences. Think of your fondest memories of childhood. If you are like most people, those memories surround experiences you shared with family members and friends. Perhaps you remember Christmas dinner at grandmother’s house. Maybe your favorite memory is racing down the hill on your bike with your brother or sister at your side.

Sure, material possessions can enhance experiences. You cannot very well race your bike if you do not have a bike. You can’t make memories of fishing with your child if you can’t afford to buy the necessary equipment. Material possessions do have their place. However, possessions should be a tool for making memories rather than an entity unto themselves.

Make It about the Kids

The title of this post implies making memories with your kids. No worries, this author has not forgotten. Everything you have read thus far explains the underlying principles of making good memories that last. If you focus memory-making on your kids and keep material possessions in perspective, the results will be golden.

How do you make memories with the kids and save money at the same time? By thinking like a kid. Run around outside and toss a ball. It costs you nothing. Choose one night per week and make it board game night. Take your kids into the kitchen and teach them how to cook. For kids, it is not about the stuff. It’s about spending time with mom and dad. It is that simple.

 

Plenty of people invest in precious metals for a long time. Typically, those who plan to begin their investments on precious metals think about buying and selling gold, silver, or platinum. But more people nowadays also consider putting their money on palladium. It is a rare metal found in natural mines.

Different industries like automotive, dental, electrical, and chemical sectors use this metal for various purposes. Palladium is also commonly used for making jewellery. However, not everyone knows how to invest in this type of rare precious metal even if its spot price can rival the price of gold. Some people are also not aware that you can buy palladium online, just in the same way as offline stores.

If you plan to invest in palladium but have no idea how to do it, here are three standard palladium investment options that you need to know.

Palladium Bullion

Most people know that investing in gold and silver bullion could provide them with a safe and cost-effective way to get a physical asset. Since industry experts projected that acquiring rare precious metals will become challenging in the coming years, they suggest investing in it before the prices begin to increase.

Purchasing palladium bullion is one of the most convenient ways to start investing in the emerging palladium market. You may find 10-ounce bars of .9995 fineness when buying palladium online. Just make sure that you will get high-quality palladium bullion before you make an investment and avoid buying fake palladium bars from unreliable sources.

Palladium Bullion Coins

Like the palladium bullion, investing in palladium bullion coins is another way to start getting into the precious metal business. But since coins are smaller than bars, you do not need to use a lot of money in this type of investment. It may also become one of the most profitable investment options since coins are easier to sell or trade with other precious metal investors. To make sure that you will spend your hard-earned money on real precious metals, you need to know all the tips and tricks to spot an authentic bullion coin to save yourself from buying worthless coins made with fake metals.

Palladium Stocks

Aside from physical assets, you can also invest in other traditional sources like buying stocks of established palladium companies. But unlike the first two options, getting a piece from palladium companies may be challenging. The choices are very few all over the world. In the US, you can only choose between the North American Palladium and the Sibanye-Stillwater companies to buy palladium stocks.

Aside from stocks, you may also consider investing in exchange-traded funds (ETF). It works just like an index fund but uses the same trade practices like regular stocks. You may get your palladium ETFs in the US through Sprott Physical Platinum and Palladium Trust and the ETFs Physical Palladium Shares. These are just some of the most reliable companies to help you begin your palladium investments.

Putting your money in precious metals will provide you with significant gains in the long run. It may also become an exciting hobby as you monitor the spot prices of precious metals carefully all the time. You may also find yourself interested in collecting special commemorative bullion coins made from palladium when released by the national mints. So start reaching out to precious metal dealers to begin with your palladium investment.

 

Author – Darren Wilson

The best way to reduce your risks when it comes to investments is by diversifying your portfolio. If you haven’t taken the time to look at small-cap stocks, you are missing an excellent opportunity to add to your investment portfolio. Here are three reasons you should consider investing in small-cap stocks.

They Diversify Your Portfolio

As mentioned earlier, it’s crucial to your success in investments to have a diverse portfolio. By diversifying, you are spreading your money around and never putting all your eggs in one basket. It is good practice to have a portfolio that includes large-cap stocks, small-cap stocks, bonds, options, and more. The more you invest in, the less risk you are at losing everything. By keeping your money scattered, you reduce the risk of losing everything.

Greater Returns on Investment

Small-cap stocks are typically start-up companies. Really a small-cap stock is any company that has a market capitalization between $300 million up to $2 billion. As these companies are smaller, if they are successful, small-cap stocks tend to gain value faster than many large-cap stocks that may have already made it to their plateau. This being said it is also possible for a small-cap stock to lose value quickly. Doing your research on the current market and potential small-cap investments will help you make sound choices when you go to invest in a particular stock.

One way investors go about this risk is by investing in exchange-traded funds or small-cap mutual funds. These let you invest in a big group of small-cap businesses, by using one of these funds you diversify your small-cap investment, keeping your risk down compared to putting all your money into a few small-cap stocks.

Small-Cap Stocks Get Less Attention

Small-cap stocks have the benefit of getting less attention than large-cap stocks. As a result, market analysts don’t always do detailed research and reports on small-cap stocks. This can mean that pricing is miscalculated, and you can score a great stock for far less than it is worth. It’s essential to research a stock for yourself, as you run the same chance of getting a stock at a price much higher than its worth.

Financial institutions also have regulations keeping them from investing excessively in the small-cap market. This leads to less competition and ultimately less attention given to small-cap stocks from the big investors. This is a substantial benefit for a small investor that is trying to start out, as you are less likely to get pushed out of a trade by a large company with endless capital to invest.

As with all financial investments, you should always use caution, and do plenty of research before putting your money down. That being said, small-cap stocks are an excellent way to diversify your portfolio and make some substantial returns on your investment. By learning the market, you have the chance to make a great financial future for yourself.  If you want to learn more about how to invest in small-cap stocks, check out Raging Bull, they are the leading source of financial trading information, with a team of experts ready to show you the way.

Securing the funds for a down payment for a home can be difficult, particularly if you’re purchasing a new home before closing on your old one. A hard money is an excellent financial tool for this situation, but the rates and terms of hard money loans can vary dramatically. Learn more about the various types of hard money loans, lending to an irrevocable trust and other financial options today.

Hard Money Loans for Buying a Home

There are many different types of hard money loans. While some require a down payment, many use collateral backing and don’t require a down payment. Here are the basic types of hard money loans to consider, depending on your financial situation:

• Bridge loans
• Probate and estate loans
• Trust loans
• Fix and flip loans
• Commercial loans

For covering the down payment of your new home, a bridge loan is one of the best options available. A bridge loan uses your current home as collateral and provides you with fast, flexible financing that can help you secure your dream home.

Of course, hard money loans are available for a range of other needs. Invest in a commercial property with a fix and flip loan or use a commercial loan to boost your company’s working capital. Hard money loans are exceptionally flexible, so you can tailor yours to meet your individual financial needs.

Benefits of a Bridge Loan

While bridge loan rates and terms can vary depending on the lender you choose, the best bridge loans for homes don’t require a down payment, have a reasonable interest rate and are flexible enough to use however you wish.

Selling a home can take time. During this period, your dream home can easily slip by. Many sellers in competitive areas aren’t willing to wait for you to sell your first home in order to make an offer on your dream home. With a bridge loan, you won’t be bound by these stipulations and can offer cash for the down payment or an all-cash offer.

Factors to Consider

Of course, every loan type comes with some factors to consider. The interest rate for your bridge loan will be slightly higher than your mortgage. You’ll also have a short repayment window, so if your first home doesn’t sell within a few months you may need to find alternative payment options.

In order to qualify for a bridge loan or other hard money loan backed by your real estate, you must have the available equity. If you’ve paid down your mortgage significantly, you’ll have plenty of free equity to use as backing for your commercial loan. Otherwise, you may not qualify for enough financing to cover your down payment.

Find the Best Bridge Loan Rates Today

Learn more about your hard money options by talking to a local, trusted lender. Find out how you can enjoy your dream home, improve your business working capital or enjoy other benefits with a competitive hard money loan today. Compare bridge loans, trust loans and probate loans California today and enjoy fast funding for your next home or project.

Everyday life is getting to be expensive. The cost of basic items is going up. The price of housing, groceries, and necessities are increasing while the average person is not making any more money. There are some easy ways to save money. Even little savings can add up over time and will allow a person to hold on to more of their money.

1 Develop a Weekly Budget

While monthly budgets are useful and can help a person see where their money is going and making sure there is enough to pay the bills. For some people, a monthly budget is too long. A person should take a look at their budget every week. They should review their accounts and make changes as needed. There may be some unexpected expenses that happened during the week. A person may have to adjust how they spend their money. This will also help a person from overspending in certain areas.

2 Plan Out Meals

Planning out meals for the week can help a person save money. Dining out is a big expense. Cooking at home will help save money. A person can go to the grocery store and purchase what they need for their meals. This will help reduce the food bill. They will not have to pay for tax, tips, or delivery fees. If a person has their meals planned out for the week they will be able to resist the hunger of ordering out. They will have food that is ready for them.

3 Cut the Cable Cord

Cable TV is expensive. There are now other ways to watch programs while saving money. The average cable bill is around $123 a month. There are alternatives where a person can pay as little as $10 a month. This will allow them to save money. Streaming services are becoming more popular and they have a great lineup of shows and movies for subscribers to watch.

4 Make Coffee at Home

While people need their morning coffee it is expensive to get coffee out every day. The morning cup of coffee can cost around $4 a day. If a person makes coffee at home they can save a lot of money. For the price of two coffees out a person can have coffee at home for the entire month. A person can even purchase the creamer they like. There is a wide selection in the stores that come in a variety of flavours.

5 Insurance

An extremely healthy financial choice everyone should be making is protecting or insuring what you have already got. It’s vital that you simply not only insure yourself but also protect your property, your income, your investments & your health. There are many singapore insurance types which will assist you to protect your assets, family & yourself. You ought to reach bent your life insurer to start out exploring the choices available to you.

6 Do Not Keep up With the Neighbors or Friends

When someone gets something new such as a neighbour getting a new car it is easy to be envious of this purchase. A person should stop trying to keep up with their neighbours. Everyone has a different financial situation and they need a plan that works for them. They should not worry about purchasing material items to keep up with people they may not even like.

7 Pay Off Credit

Paying off credit cards and other debt can help a person save money. They will not have to pay as much in interest. Interest can add up to hundreds of dollars throughout the loan. The sooner a person pays it off the less debt they will have and the fewer fees they will need to pay. This will also help improve their credit score. A person will even be able to get lower interest rates in the future.

8 Use Price Match

When a person is looking to make a purchase including a major purchase they should use a price match feature. Many big-name stores will match the prices of their competition. Some of these companies will also match the prices of online competition. Shopping around for items including major purchases such as a computer can help a person save a lot of money.

9 Wait 48 Hours

If a person sees something they want even if it is online they should not purchase it right away. They should wait 48 hours and revisit the item. If they want it then they may be able to make a purchase. If a person comes back to the item and they have lost interest they do not have to purchase it. This will save them money and will reduce impulse purchases. Chances are the item will not look as appealing a couple of days later as it did at that time.

These are some ways that a person can save money. They need to take their time and think about purchases. They should eat get most of their food and drinks at home. They will allow a person to reduce the amount of money they are spending outside of the home and develop a budget that they will be able to stick to.