Investing for everyone including DUMMIES!

Alright so I’d like to make a clarification. After my previous blog, I experienced a chill flowing down my spine as I realized that perhaps the percentage of people that engage in investing is pretty small. It seems that so many young professionals, as I, abhor finance, therefore we avoid activities that involve budgeting expenses in Excel files or designating a certain amount for each category of expense. I just wanna say this: “I HEAR YA”. Red flags are constantly raised on this subject but believe me if you’re into starting a business or getting involved in any type of business related venture, be it consulting, or any type finance, sales or marketing type positions, then learning investing will only help develop such skills as it will guide you through certain concepts that can accelerate knowledge base and decision making. Issues such as on how stock price can affect the profitability or whether a business is an actual commodity and how to determine whether it is.

For instance, if you’re a financial consultant who specializes in advising non-profits and small corporations on how to control their budget and how to manage the various type of assets while managing liabilities, you would have to understand ¬†quite a chunk of the investing arena and how the markets can be impactual in such scenarios.

If you’re a sales & marketing professional, naturally you would have to understand the market you specialize in, as well as the markets your serve and how to investigate the key performance metrics to know whether a product would do well in a particular market. Studying the growth rates and the charts, graphs associated with it in-depth may not be necessary but it can help.

Furthermore, if you are a serial entrepreneur, committed to making money or conveniencing the citizens of your community or the world, then technically what you are doing is you are investing your money. And so investing in stocks, bonds, mutual funds, or real estate can only instill in you these business blocks of what it takes to actually invest your money in a start-up or franchise, or if you’d like to be the owner of a gym, restaurant, apartment complex. Just my thoughts….

Other than that, even if you’re not into business. You may still want to consider looking into investing as a viable option for accumulating bucks either for that sexy Camaro that’s been you’re dream car for sometime or a house by the beautiful lake side. Who’s knows you may even fall into the rythym.

If you agree with all of this or are an active investor, please like or retweet my post. Muchas gracias ;)!!

 

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The act & art of investing

Investing is a very excellent skill for people to acquire, especially if you’re one of those individuals looking to save up for grad school, your future kids college tuition, or that new sexy Lamborghini you’ve been wanting to afford. I feel like it’s skill that all business professionals, marketing professionals, and entrepreneurs should at least attempt to master. Now just remember two important details: Reading as much as you can, and knowing what to read! Lot of people who get their foot into the door of investing have a tendency of speeding things up. They get so ambitious and greedy that they just enter the game without learning the instructions. While you may be a quick learner, there are a lot of factors in considering when deciding whether to invest in a particular stock. One common mistake is investing based on emotion. For instance, if you’re a Starbucks lover, you invest in Starbucks without thinking about whether you could lose your investment. There are so many people that had a profound interest in investing who simply pulled the plug one fine day after they had lost so much money and became discouraged!

The three documents you will have to read prior to investing are the following:

1. 10-K Report(Annual Report)

2. 10-Q Report(Quarterly Report)

3. 14A Proxy Statement

And while reading these documents, only observe the key performance metrics in deciding whether to purchase a stock or not. A few of the stable stocks that are out there right now are Google, and Apple. However, that doesn’t mean you should just blindly invest in these stocks. My advice to novices interested in investing are to read books on how to invest thoroughly but when it comes to reading the above documents, make sure you only take a look at the right performance metrics such as price/earnings ratio, net profit, shareholders statement, etc.

We all can’t be the next Warren Buffett, but we all can become shrewd investors and make an ROI(Return of Investment). Good luck!! And I’ll post more tidbits on this topic later.

Following your passion is the best medicine ;)

This is advice that I actually churned out on my own. What can I say, I have a knack for words. And this piece of wisdom does carry a lot of weight and common sense if you observe closely. A lot of us get into that 9 – 5 routine not willing to plunge into risks which could be what we’re truly passionate about. Some of us are just wired that way like me for instance. I cannot accomplish a task unless I’m truly passionate about it or it’s mandated to be done. When we engage in jobs or activities we are not passionate about, they become nothing but energy drainers. Well I say that we figure out what these energy drainers are and flush them down the toilet because if you’re interested in achieving success in life whether it’s in your professional life or personal life, then you need to participate in activities that bring out your natural abilities.

I worked as a fundraiser and as a timeshare salesman for several years and a one crucial lesson I learned was you must be passionate about what you are selling or what you are trying to raise funds for. Both activities constitute a business activity and whenever you engage in a business activity you must be passionate about it considering all of those long hours you will have to put in maintaining and growing your business. The other lesson that I learned was persistence. Sales is the lifeblood of any business so if you want an intact business at the end of the day you will have to be persistent in generating as much sales as possible!

Going back to the topic of passion. I feel that you must constantly speculate ¬†your passion, figuring out what makes you truly happy or truly tick, and go after it with all you’re muscle. Passion is what keeps us going in this world. What’s your passion?

Interested in succeeding in the business world?

This blog is focused on how to succeed in the business world and in the marketing world. There are so many entrepreneurs, salesmen, marketers, and job seekers out there that are disillusioned at times, often not knowing what direction to go in. It’s not only a melting pot for my own thoughts and opinions regarding the subject matter but also for others. The main themes I’ll be covering include:

1. starting a business

2. ways to look for a job

3. selling a product

I may also go over related topics as well based on popular demand. I really hope you get the most of my blog and I hope it guides you in your endeavors, whatever they may be. My first topic will be about LinkedIn and what you can get out of it!