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To become successful with your money, you have to make your money work for you. You sell your labor which in return makes you money. By making each individual dollar work for you, this in return makes you wealthy over time. There are a plethora of investing opportunities out there. The key is to figure out which one is the right one for your financial situation.

Stocks
The most popular of all investing opportunities, are stocks. Stocks are probably the main thing you think of when you hear of investing. When you buy a stock, you buy partial ownership of a company. Stocks range anywhere from $2, to $12,000, which can appeal to a large variety of people. To be successful when trading stocks, you have to buy low and sell high. Of course this isn’t easy, considering the market is always fluctuating. You need to watch the history of the company, know the PE Ratio, the day range, the 52 week range, etc. Knowing this information can help you predict if the stock will go up or down. You can make a lot of money investing in stocks, which means you can also lose a lot of money. You want to keep in mind that most investments in stocks are long term investments. It is very risky investing, but if you do the proper research of the history of the company, you can get a very good return.

Stock Investing Tips

1.) Have the Right Expectations
When you are investing in stocks, you want to make sure you aren’t expecting to become Warren Buffet over night. It just wont happen. You want to make sure you do the proper amount of research, and make sure you know the history of the market as well as the company you are investing in. When investing in stocks, the return is around 10%-13%. You don’t want to make hasty decisions and buy and sell a lot just because you aren’t making the money you expected. Make sure you know how long you are keeping an investment, and then make a commitment. This will help you focus on the principles.

2.) Don’t Listen to the Media
Don’t get caught up in what everyone is talking about and what is being said around you. It will take your decision from being based on research and history, to just “hear-say”. This will hurt your investments immensely. Most of the hype and other things that are being said are just the daily fluctuation of the market.

3.) Stay Focused
You want to make sure you are putting all your effort and focus into your investments. Once you buy a stock, you own part of a company. Make sure you treat it the way it is and make sure you do the proper research of all aspects of what you’re investing in. Doing your research can change your investment of making a profit of $15,000, to losing $15,000. In the end, it’s always worth it to do the extra work.

Mutual Funds
When you invest in Mutual Funds, you are pooling your money with a number of other investors. You then pay someone to professionally manage and choose each individual security for you. There are a variety of different mutual funds you can choose to invest in, which range to fit your investment strategy.
3 Types of Mutual Funds
1.) Open-Ended
2.) Unit Investment Trust
3.) Close-Ended

Mutual Fund Investing Tips

1.) Look at the Fees
Always look at the fees involved when investing in Mutual Funds. When you pay more for something, this usually means that you are going to be getting a better product or service, right? Yes! Makes sure you find the best deal, but make sure you are investing the right amount of money in the right places. It can change the course of the whole investment in the long run.

2.) Research the History
One thing you can do to prepare an investment is to check out the history of the Mutual Fund. Just like anything, the history shows how well it has performed, and can be a good indicator. This can directly tell you if it will be a good investment whether it be long term or short term. Another thing you want to look at, is the asset of the fund. If it’s doing good, and there is a community of people investing in it, it can tell you if its a smart idea to invest yourself. Always check the history of any investment before you decide to purchase.

3.) Look at the Contract
You never know what is all involved until you take a detailed look at the prospectus provided by the fund. You want to make sure you don’t just know bits and pieces of what’s involved, but everything there is to know, and then some. Make sure you know all the fees involved with buying and selling funds, and if there are international fees required. Knowing this can help you determine if the company is a solid company where you can make money, or if you are getting into something you will regret in the future.

Bank Investments
Bank accounts are one of the simplest form of investment. Most banks give you a very small percentage for opening a bank account and giving them your money. This percentage barely beats the rise of inflation, so unless you are keeping hundreds of thousands of dollars in the bank, you won’t be creating any wealth from this form of investment. Another way to invest in your bank is a CD, or Certificate of Deposit. A CD if very similar to a bank account, but they are usually for a fixed amount of time. They can be monthly, every six months, a year, etc. the CD is then held until its maturity date, and paid back with interest. A Certificate of Deposit usually earns more money than an account at which you can withdrawal the money at any time, like a bank account.

Alternative Investments
Apart from the basic investments, there are other special securities. These investments include gold/silver, real estate, etc. These investments are speculative and can be very high profit, however; you need to have the knowledge.

1.) Gold & Silver
The first thing you want to do before you invest in gold or silver, is to look at the market and decide if now is the best time to invest in precious metals. You can also talk to a professional and decide when the best time to buy and sell would be. You want to make sure you are familiar with the variety of ways to invest in silver. You can invest in silver mining companies, silver ETF’s, silver futures, silver bullion, and also silver coins. You want to make sure the Exchange Traded Funds (ETF) are backed by physical gold and silver. Another thing to remember, is to not just own a paper owning, but the actual precious metal as well.

If this question has crossed your mind once or twice trust me when I tell you that you are not alone. With so many home based business opportunities to choose from making the right decision is critical to your success.I can tell you first hand that I personally looked high and low for a legitimate business I could work from the house as a stay at home mom but the many different choices completely overwhelmed me at times.During my frequent searches I stumbled across many different opportunities, some that looked bad, some that looked good and some that looked too good to be true. I’m sure you know what I mean.I remember one particular business opportunity that was recommended to me and it involved data entry. Let me be the first to tell you that I don’t consider that a home based business; maybe a home based job but definitely not a business. I’d almost classify it as one big scam but I digress and this article is about whether or not selling wickless candle warmers is a legitimate home based business opportunity.I know what you’re thinking, well, get to it girl…is it or isn’t it? The answer is a resounding yes, it truly is business opportunity that many men and women are already taking advantage of and with room to grow I know that many more people will consider starting their own home based wickless candle warmer business.I think what makes this such a viable opportunity is the fact that nearly everyone wants their home or office to smell better and quite honestly candle sales are booming. Unfortunately, they do pose a bit of a fire hazard and a minor health hazard based on the soot they emit due to the flame involved.Fortunately that’s what makes selling flameless candles or wickless warmers different. Traditional candle based businesses are designed around selling scented candles so they succeed at providing a refreshing smell for the buyer of the scented candle but they fail to safely address the fire hazard and soot issue.Flameless candle warmers still provide the benefits associated with a scented fragrance filling a room but do so without resorting to using a heated flame which could cause a fire, burn a small child or harm an innocent pet. Additionally they completely eliminate the trouble associated with soot being released into the air and inhaled by occupants of the home or house where the wickless candle warmer is being utilized.As a result, these types of products appeal to a very eager group of customers who want their home smelling good with a lovely scent, without all of the dangers associated with a traditional candle. Naturally, these flameless candles tend to sell themselves making them the perfect fit for a home based business opportunity.Listen, don’t just take my word on it. Continue reading and have a look for yourself. I promise you’ll be amazed at what you find out in regards to owning your own home based wickless warmer business.

There are magazines, books, and online advertising promoting “the best” home based businesses. It is mind boggling to digest it all and too often we think “scam” when looking at these options. The best way to choose a home based business is to get to know someone who is already in involved and to use the products. This article will focus on the importance of the relationship side of home based businesses.Some of the most successful people who are making millions of dollars actually toured the plants and met the presidents of ten to twenty companies before making their final decision. The beginner doesn’t have to take it to that extreme, but will do well by forming a personal relationship with a business member who serves as a mentor. A duplicatable business system is ideal for working out of the home. The team member/mentor should be able to explain the process of duplication.The rule of thumb is to understand that people respond to people. The product is the reason to be in business but it is secondary to the seller’s knowledge, passion, and ability to communicate with rapport.Here is a simple check list to use when choosing a home based business:How comfortable are you with your potential team member who is working with you?Do you feel the potential team member just wants to sign you up or establish a long term relationship with you?Are your questions answered with enthusiasm or with irritation?Has the potential team member provided a summary of the duplicatable process or does it sound as if there is a complicated training system?Does your potential team member make time to talk to you?Before signing up with a company, it is important to feel comfortable with the people are who teaming up with you. The focus of most home based businesses is to be in business for yourself, but not by yourself. The actions of the group should prove beneficial for all involved.