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.

The Power of LinkedIn

Alright, so I was planning to elaborate on conducting good market research but I’ll save that for a future topic and will instead talk about the social media powerhouse for job hunting, Linked In. Approximately 10.2 million job seekers have gotten jobs through LinkedIn according to sitetrail.com. That’s a 60% increase from the previous year. I truly enjoy using it for networking and conducting market research as that’s part of my job. My favorite feature is the feedback engine which provides you with an opportunity to improve your profile and to make it more appealing & attractive to employers. Also asking for & writing a reference letter for a prospective candidate has become that much easier, and can be accomplished with just a click of a button, cutting down the cost and hassle of postage stamps and envelopes,  and augmenting convenience!

More than 80% of the jobs are filled through either nepotism or networking and what better way to connect or mingle with professionals than through LinkedIn.  If you don’t have an account I suggest signing up ASAP as you don’t know what you’re missing out on!

When filling out a profile, be sure to upload a savvy, professional picture of yourself as that increases the chances of landing a job, also fill out your profile as thoroughly as possible with no minor glitches, be sure to be very specific on all of your skill-sets, languages, and education level. List as many skills as possible under skills, and remember networking is a two-way street, so offer to write a reference letter for a co-worker in exchange for them writing one for you. And if you’re interested in starting a business, state that you’re interested in new ventures so users with the same passion can contact you if necessary!