Money Tip Of The Day

It’s a tough market, but don’t think that means you need more weapons for your portfolio. Now more than ever, don’t complicate your strategy. Simplify it.
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Late last year, when there was blood in the streets, a well known discount broker (Company A) was said to be on the verge of bankruptcy and the stock tanked 50% in one day. Not only did it tank 50% but the prognosis on the street, at least perpetuated by mainstream media, was that company was hosed and that they were going under. They didn’t have a rich history of being able to fight off adversity, they were relatively new in the financial business and lots of people figured they’d collapse. SIPC insurance would have to be initiated to save accounts and it was going to be yet another one of the casualties of the sub-prime mess. Would you have sensed that the market had panicked and bought shares? Or would you have joined the bandwagon and watched the shares fall into oblivion?
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When the Fed drops its federal funds rate, economists across the world shudder as they see the spectre of inflation peer over the horizon. You ever wonder why that is? The answer is quite simple but will come in two parts. First, a brief refresher on supply and demand, followed by how that and the Fed’s lowering of rates may bring on inflation. Before we begin, I want to make note that everything has been simplified from what’s actually going on. Everything is very complicated in reality but you can explain the gist fairly easily if you’re willing to take some liberties. Those who have a background in economics and know all the intricacies will see some inaccuracies, but they are there to make the explanation smoother. A basic understanding is far better than none at all.
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With rising energy prices, fear of a recession, and the stock market erasing the gains of the last six months, you’re probably looking to save wherever you can right? Well, today I have the opportunity to share ten fantastic tips you can use, many with hardly any up front investment whatsoever, right this very second to save yourself some money.
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Are you spending a lot of money buying the $5 drinks at your favorite coffeehouse? Save money by trying regular coffee with cream and sugar. Many of the coffeehouses have other spices that you can use to make your own special drinks. So instead of spending $5 for the mixed drink, you can spend $1.50 instead.

You think Amazon.com has the best price on books? Not always! From the hundreds of books that I have bought, I always check the AddAll.com site, and many times there are other stores that offer the books at a much lower price than Amazon.com. The URL is used.addall.com. Check it out before buying your next book.