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Home > > 0 percent and no transfer fee

0 percent and no transfer fee

In this article we're going to go over strategies for money management as applied to investing.These days with rising costs and salaries that don't seem to rise in proportion to those costs, it is rare to even have any money left over to invest after the bills are paid.

However, if you are one of those fortunate few who does have some money to play with, here are some tips for managing your money in relation to your investing.The one thing you don't want to do is use any more money for investing than you can afford. So the first thing you have to do is figure out how much you will need to pay the mandatory bills. Then you need to figure out how much you want to add to that amount so you can live the life style you are comfortable with. Finally you want to add about 2% of your yearly salary to that amount for emergencies because they can and do pop up.What's left over is what you have to invest with yearly.Divide this amount up into quarters. Let's say you have $10,000 that and percent transfer 0 no fee you can comfortably invest in a year. By comfortably, that means should you lose that money it will not put you in hardship. Okay, you now have $2,500 to invest each quarter. There is a reason you want to do this by quarters.The next thing you want to do is decide what you are going to invest in. This is where most people fall into the trap of throwing all their eggs in one basket because somebody told them about a "sure thing." There is NO sure thing when it comes to investing unless you are putting your money in a low yield savings account. That is not investing. That's saving and actually with today's interest rates that's letting your money just waste away. There is almost no benefit to putting your money in a savings account, even a short term CD. The rates are pathetic.What you want to do is take your $2,500 and break it up into 3 parts of $833 each. After doing that you want to take one part of your investment money and put it into something relatively low risk, like bonds. Current bond interest rates are between 4 and 6%. As for the term, that is up to you. Some people like 30 year bonds that will provide for their retirement years. Other people like bonds that will give them a return in a year or so. Choose what is right for you.After you choose your low risk investment, then go for something with a little higher risk with your next $833. Maybe something like a mutual fund. Mutual funds are a little more risky because they are a combination of stocks and bonds. Because the mutual fund is diversified in itself, this cuts down on the risk. If one part of your mutual fund loses money another part will more than likely make up for this loss.Finally, with your last $833 choose something high risk, like a hot stock that looks like it's going to take off. Obviously do your research on this so you pick a stock that will give you the best chance of making a good return quickly. Make sure you watch this stock daily. Pick a point where you want to sell. For example, let's say you bought the stock at $10 a share and you bought 80 shares for $800. You may decide you want to sell and pocket your profit once the stock reaches $20 a share, thus doubling your money. If this is a very hot stock this could happen in a matter of weeks. That's a good return for a few weeks work. On the flip side, make sure you pick a share amount that you 0 percent and no transfer fee won't let the stock go below before you sell, say $5 per share. This way you only lose half your investment.What you then do is just repeat the above procedure each quarter. Before you know it you will have quite a nice little short term and 0 percent and no transfer fee long term nest egg accumulated.2

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If you have been looking into trading systems, then you realized that most published results are marked as hypothetical. This fact might have made you a bit skeptical. Does it mean that the system won't work in real time?

The answer is no. Published results should always be marked as hypothetical, even if they have been achieved in "real" trading. Here's why:

- It is impossible to predict the slippage when using stop or market orders. Two traders, let's say YOU and John, place an order at the same time, and John might experience 1 tick slippage, while you are filled right on your specified entry price.

- You don't know whether a limit order will be filled or not. If your trading system requires the use of limit orders, you might experience the following situation: Your order is filled, John's isn't, and the market retraces. While you took some profits using a limit order, John is still in the trade and sees his profits shrinking, and in the worst case turning into a loss.

- Another factor is the account size: If John is trading a rather small account, then his broker might liquidate his position because he experiences an intra-day drawdown that issues a margin call. Many electronic platforms are set up in such a way that they immediately liquidate a position, even if the market turns around and he would end the trade with a profit. John then experiences a loss, while you might realize profits on the same trade.

- What about the ability to withstand losses and your discipline to follow the trading strategy no matter what? Let's say that after a couple of losses John decides not to follow the system any longer, and that's exactly when the system produces some winners. You strictly followed the system and realized these profits, while John is missing them.

- Published results are always PAST results. If more traders would have been trading the system, the prices might have behaved differently. There could be a difference in price movement when 100 traders try to enter the market at a certain price point instead of only 1 trader. And what if 1000 traders placed a 2-lot order at a certain entry signal?

All these factors cannot be fully accounted for when publishing the results. That's why every serious vendor should mark his results as being hypothetical.

Back to your question: "Does this mean that the system won't work in real time?"

No. It just means that you should be aware of the limitations of past performance results.

No serious vendor can guarantee that a trading system will make profits in the future, but professional development and thorough testing of a system increase your chances of making money dramatically. .

Having a bank that meets all of your financial needs is an asset that many people don't appreciate. If you have a bank that doesn't meet all of your needs, however, it's pretty easy to tell. In order to get the most out of your bank, you may need to investigate the services that your current bank offers, or you might have to find a new bank entirely that offers the services that you need.

Here are a few tips to help you to find out which financial services your bank offers, to help you find a new bank if your current bank simply doesn't offer the services to meet your needs, and to help you take advantage of special offers and account features so as to get the most out of your banking experience.

Explore the Options Your Bank Offers

The first thing that you should do in order to make sure that you're getting the most out of your bank is to explore the features that your bank offers in order to make sure that they meet your needs. Request information from your local branch office on all of the account options and features that the bank currently offers, taking them home to read over them at your leisure and determine whether or not you're missing out on certain advanced account features.

When reading the information, be sure to look out for any common features that you've heard advertised to see if your bank currently offers them… you should also be on the lookout for any features that are offered free of charge that you currently do not use, or any that are offered free elsewhere that your bank currently charges for.

Shop Around to Find the Right Bank

Should the services that your bank offers not meet your expectations or needs, you might want to consider shopping around at other banks in the area in order to find a bank that does offer the features that you want. This doesn't mean that you should close your current accounts right away, or at all… many individuals will keep accounts at several different banks so as to keep their money separated for different purposes.

Request the account features that different banks offer, comparing them to each other and to your current bank, so as to find the local bank that best meets your current needs.

Take Advantage of Special Offers

Many banks will have special promotional offers for new customers, or have special deals that they offer current customers in appreciation of their continued business. In both cases the offer is usually a temporary one, as is the case with most promotional interest rates or special account features. However, even a temporary interest rate or promotional account feature can save you some money for the term of the promotion, so it's well worth the time to investigate the offer further to see if it's worth it.

You should be aware of services that are free during the promotional period and that are charged for later… if it's not a useful feature, you need to make sure that you cancel it before you begin to get charged for it.

Online Account Management

One useful tool that many people don't take full advantage of is online account access and account management. The online tools may allow you to check balances, transfer funds from one account to another, or even pay bills directly from your account… it largely depends upon your bank and the specific features that they offer.

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