Comments for Investing, Stocks, Mutual Funds

Comment on What are good careers with a bachelors in business finance degree? by K N

K N — Fri, 30 Dec 2011 14:02:38 +0000

broker, market analyst. traders.

Comment on What are good careers with a bachelors in business finance degree? by Freedom Debt Relief

Freedom Debt Relief — Thu, 29 Dec 2011 16:01:52 +0000

You have lot of options other then accounting to choose as a career with a bachelors in business finance. You can become a Financial consultant, adviser, planner, a stock analyst… the options are numerous i would suggest you to evaluate your strengths and then choose the career which you think would best suit you.

Comment on What are good careers with a bachelors in business finance degree? by Rebecca

Rebecca — Thu, 29 Dec 2011 11:38:50 +0000

There are plenty of fields other than accounting that you can pursue with a degree in finance. Check out the link below for some suggestions. Best of luck to you!

Comment on What personal finance lesson do you wish you had been taught by your parents or in school? by Archie B

Archie B — Sun, 18 Dec 2011 09:58:02 +0000

There is only one priciple I wish I had learned at a much younger age, which is the principle of compound interest. Using compound interest and starting early with a relatively small investment, re-investing interest earned in a safe but regularly profitable mutual fund, CD, diversified stock portfolio or other fund returning a decent interest rate/ROI, and adding to the amount invested at a very modest rate (like, say, what you make at Wendy’s flipping burgers every week), by the time you’re 35 you can be a millionaire or close. Compound Interest is the whisper of God Himself in the ear of young people, but few adequately listen. Buy into mutual funds young. Add to them regularly, investing each paycheck, reinvesting dividends and all returns on investment. Continue this throughout life until you have enough to really take a shot at something and, when you are in your early thirties, you will be shocked how much better off you are than the average person.

Comment on How to convince recruiters about a career change to Corporate Finance? by rlc_60504

rlc_60504 — Sun, 18 Dec 2011 09:01:26 +0000

You need to find a hiring manager that will take a chance on you. Avoid head hunters or recruiters. They are looking for easy, no-brainer, matches. They are usually a step up from used car salesmen in my opinion.

You may need to take a cut in pay to make this happen. I made a career change in IT from one technology to another and I was able to find a manager that took a chance on me, but I had to take a 20% cut in pay. At the time, I had no mortgage or kids and I was able to do it without it seriously impacting my lifestyle.

Good luck.

Comment on What personal finance lesson do you wish you had been taught by your parents or in school? by Brett

Brett — Fri, 16 Dec 2011 09:38:34 +0000

Compound Interest! It is hard to save when your young, but it is amazing how fast your savings grow if you have a decsent interest rate. Here is a link to an interest calculator:

Comment on What personal finance lesson do you wish you had been taught by your parents or in school? by 95% will see no tax increase

95% will see no tax increase — Thu, 15 Dec 2011 15:59:41 +0000

credit cards are the devil

Comment on What is the better route to finance a new car? by Stupid Flanders

Stupid Flanders — Thu, 15 Dec 2011 12:44:44 +0000

For a used car, it is typically better to secure financing before stepping foot into a dealership. I would suggest a credit union.

If you are considering new, there may be financing incentives on specific makes and models.

I suggest securing financing before going to a dealership.

Even if you buy a car without financing incentives, you can tell the finance guy “My APR is X % for Y months” and if you can beat it, I will sign with your lender”. Just make sure you read everything.
Sometimes they will make it appear as if they are lowering your monthly payment and interest rate when they are actually just extending the term of your loan.

Comment on What personal finance lesson do you wish you had been taught by your parents or in school? by fozzi_x

fozzi_x — Wed, 14 Dec 2011 19:36:23 +0000

I wished what was taught was not to train everyone to become an employee. All schools really teach is how to become a good employee to work for the rich. In addition, they won’t tell you that when you get out of school there’s no guarantees. They won’t tell you that you will work for the rich, pay taxes to the rich, bank with the rich, its quite a conspiracy. The least they should teach you is how to become rich. Wouldn’t that be a major course when all the while you are teaching students to work for money? Why not teach them to have money work hard for you?

Its no suprise that people are school sophisticated, but financially ignorant…would that explain the large government deficit America has? Politicians seem to be smart, but when it comes to financials they aren’t so sharp. In the end…financial education should be mandatory in this global information age economy.

Comment on How do I get my finance to stop swearing? by src50

src50 — Tue, 13 Dec 2011 17:32:23 +0000

“Fiance”, not “finance.”