Friday, August 7, 2009

Busy Week

What a busy week!! I had an interview this week and I also have a job prospect starting next week(not too sure yet) which meant that I had to hurry and clear up as much of my schedule as possible this week. Left me very little time to study,write or do some research.

My last post was about the competition on Investopedia. For me to be serious about this as though it were my money, I plan to rise and shine earlier to get some research on companies and learn as much as I can about investing. I am hopefully going to try and make it real as well, try investing in real companies with real money(hmmm....). Also, I will review the Ratios that help to gauge a company's performance in certain areas.

Now, when you think about it, how will I have money to do it especially not having a job? The thing I've learnt(a little late though). Usually, when I get paid my salary I follow the principle of paying myself first, which is fine. However, it was simply saved in an ordinary account and I did not have my money working for me, rather i was just working hard for the money. So, my plan is, I can put aside a proportion of my money and of that proportion save towards a starting amount for investing.Makes it relatively safe in that I am not using the money allocated to living expenses. While this may mean I may not be able to take advantage of something now for now on the market that's okay, I am looking to invest for the long haul and hopefully gain something in the future. It's not about making quick returns in the shortest possible time for me.

There are so many tools out there to help with investing, I wish I had started earlier instead of shying away from it.

That's something to work towards and I look forward to it.

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