Let's face it, you can't start investing if you don't have a brokerage account. As a young investor, selecting your ideal broker is often very different than it would be for older investors of the same experience level.
Choosing a broker isn't all that different from choosing a stock - it requires a lot of careful contemplation, and not all brokers are right for all investors. In this article, we give you tips on how to choose a broker that won't leave you broke
Read the full article at investopedia.com
Friday, February 2, 2007
Portfolio Management For The Under-30 Crowd
Face it, as an individual under 30, you're not the average investor, and modeling your portfolio after that of your parents isn't always a good idea. In fact, doing so can cause you to miss out on some valuable learning opportunities and, in the long run, even cost you money.
If you want to make the most of your money, every decision you make about your portfolio is as important as the last. In this article we look at the unique set of challenges involved in portfolio management for young investors and provide some advice to help you succeed
Read the Full Article at investopedia.com
If you want to make the most of your money, every decision you make about your portfolio is as important as the last. In this article we look at the unique set of challenges involved in portfolio management for young investors and provide some advice to help you succeed
Read the Full Article at investopedia.com
Betting the Ranch: Risking Your Home to Buy Securities
With a rising stock market, record low interest rates, and large gains in home value, some investors have taken out new mortgages, refinanced, or obtained line-of-credits secured by their homes for the specific purpose of investing in securities. The hope is that the investment will not only pay the mortgage, but also generate additional income. Unfortunately, it doesn't always work out that way.
NASD is issuing this alert because we are concerned that investors who must rely on investment returns to make their mortgage payments could end up defaulting on their home loans if their investments decline and they are unable to meet their monthly mortgage payments. In short, investors who bet the ranch could lose it.
This alert outlines the risks involved in playing the market with the equity in your home and offers advice to consider before making such an investment decision
Read the Full Article at investopedia.com
NASD is issuing this alert because we are concerned that investors who must rely on investment returns to make their mortgage payments could end up defaulting on their home loans if their investments decline and they are unable to meet their monthly mortgage payments. In short, investors who bet the ranch could lose it.
This alert outlines the risks involved in playing the market with the equity in your home and offers advice to consider before making such an investment decision
Read the Full Article at investopedia.com
Find The Right Financial Advisor
When many people think of the term "financial advisor", they picture a stressed out Wall Street type sitting behind a computer or telephone placing buy and sell orders and attempting to make their clients as much money as possible. While many advisors may still fit this mold, some are evolving their practice into a more comprehensive approach that takes a look at not just investments, but also insurance, budgeting, taxes, retirement, education funding and estate planning.
As you test the waters to find the right financial advisor for you, you'll need to have a grasp on the areas in which you are seeking help. You'll then be able to examine your potential financial advisor before you hire them and determine exactly how skilled they are in the areas for which you are seeking assistance.
Read the Full Article at investopedia.com
As you test the waters to find the right financial advisor for you, you'll need to have a grasp on the areas in which you are seeking help. You'll then be able to examine your potential financial advisor before you hire them and determine exactly how skilled they are in the areas for which you are seeking assistance.
Read the Full Article at investopedia.com
Benchmark Your Returns With Indexes
Investors look to broad indexes as benchmarks to help them gauge not only how well the markets are performing, but also how well they, as investors, are performing. For those who own stocks, they look to indexes like the S&P 500, the Dow Jones Industrial Average (DJIA) and the Nasdaq 100 to tell them "where the market is". The values of these indexes are displayed every day by financial media outlets all over the world.
Most investors hope to meet or exceed the returns of these indexes over time. The problem with this expectation is that they immediately put themselves at a disadvantage because they are not comparing apples to apples. Read on to find out how you can use indexes to give your expectations and results a proper framework as you strive to achieve your investing goals.
Read Full Article at investopedia.com
Most investors hope to meet or exceed the returns of these indexes over time. The problem with this expectation is that they immediately put themselves at a disadvantage because they are not comparing apples to apples. Read on to find out how you can use indexes to give your expectations and results a proper framework as you strive to achieve your investing goals.
Read Full Article at investopedia.com
American Dream Or Mortgage Nightmare?
Option adjustable rate mortgages (ARMs) give would-be homeowners a way to purchase a big house with only a small payment. They also give current homeowners a way to reduce their mortgage payments. While these benefits may seem to be just what the doctor ordered following years of rising prices in an overheated housing market, BusinessWeek magazine has labeled option ARMs "Nightmare Mortgages." In the September 2006 article that sported that name, BusinessWeek stated that the option adjustable rate mortgage might be "the riskiest and most complicated home-loan product ever created."
The truth about whether option ARMs are a useful tool or a ticket to trouble is largely a matter of personal perspective. A closer look at these controversial loans will make easier to determine their prospective uses - and the risks involved.
Read Full Article at investopedia.com
The truth about whether option ARMs are a useful tool or a ticket to trouble is largely a matter of personal perspective. A closer look at these controversial loans will make easier to determine their prospective uses - and the risks involved.
Read Full Article at investopedia.com
Do You Understand Investment Risk?
A study conducted by England's Financial Services Authority (FSA) in 2004 called "Consumer Understanding Of Financial Risk" has shed some light on how well people understand their investments. Such understanding or, in some cases, the lack of understanding, leads to specific types of behavior. It is important for both investors and providers to be aware of the differences. In this article, we'll go over this study and what it can teach investors about their own understanding of their personal finances.
Read full Article at investopedia.com
Read full Article at investopedia.com
Indian coal buyers struggle to find S.Africa partners
Indian industrial users are keen to invest in South Africa's coal mining sector but say they have been frustrated by the struggle to find suitable partners.
India imported just over three million tonnes of coal from South Africa in 2006 and is likely to take double that if it is available this year, Indian buyers attending an industry conference said.
Speaking on condition of anonymity, a number of would-be Indian investors said forming links with black-owned or black-controlled Black Economic Empowerment (BEE) producers was part of their frustration.
Read more at Reuters South Africa
India imported just over three million tonnes of coal from South Africa in 2006 and is likely to take double that if it is available this year, Indian buyers attending an industry conference said.
Speaking on condition of anonymity, a number of would-be Indian investors said forming links with black-owned or black-controlled Black Economic Empowerment (BEE) producers was part of their frustration.
Read more at Reuters South Africa
EU extends Evraz deal review, vanadium at issue
The European Commission extended on Friday its review of Evraz Group's plans to buy rival steelmaker Highveld, because of potential competition problems in the market for the steel-hardening element vanadium.
The deadline on the $678 million acquisition of the South African firm by Russia's Evraz was moved to February 20 from February 6.
That will allow rivals and customers to comment on proposals by Evraz designed to address potential competitive problems centring on vanadium, used among other things to create high-quality stainless steel.
The two companies are only a blip on the world steel market, but the ore they mine contains relatively high concentrations of vanadium.
Read more at Reuters South Africa
The deadline on the $678 million acquisition of the South African firm by Russia's Evraz was moved to February 20 from February 6.
That will allow rivals and customers to comment on proposals by Evraz designed to address potential competitive problems centring on vanadium, used among other things to create high-quality stainless steel.
The two companies are only a blip on the world steel market, but the ore they mine contains relatively high concentrations of vanadium.
Read more at Reuters South Africa
Bidvest jumps 4 pct on auto sales
Shares in South African food to freight firm Bidvest, whose operations include a motor vehicle sales firm, rose as much as 4 percent on Friday following the release of positive vehicles sales figures.
New vehicle sales in South Africa rose 6.9 percent in January compared to the same month last year, according to the National Association of Automobile Manufacturers (NAAMSA).
Bidvest owns McCarthy Limited, a motor vehicle sales company.
Read more at Reuters South Africa
New vehicle sales in South Africa rose 6.9 percent in January compared to the same month last year, according to the National Association of Automobile Manufacturers (NAAMSA).
Bidvest owns McCarthy Limited, a motor vehicle sales company.
Read more at Reuters South Africa
S.African 3-month T-Bill discount rate at 8.82 pct
The average discount rate for South African three-month Treasury Bills slipped to 8.82 percent on Friday from 8.87 percent last week.
The average yield was 9.02 percent, the Reserve Bank said.
Applications for the 2.3 billion rand of bills on offer amounted to 5.511 billion rand.
Read more at Reuters South Africa
The average yield was 9.02 percent, the Reserve Bank said.
Applications for the 2.3 billion rand of bills on offer amounted to 5.511 billion rand.
Read more at Reuters South Africa
Dollar holds ground ahead of payrolls data, G7 eyed
The dollar steadied against major currencies on Friday, with investors reticent to take positions ahead of key U.S. data, while markets were alert for commentary on yen weakness ahead of next week's Group of Seven meeting.
January's U.S. non-farm payrolls report, due at 1330 GMT, will be scanned by investors for evidence to reinforce a solid growth outlook and the Federal Reserve's steady stance on interest rates.
Economists expect the data to show 149,000 jobs added in January after a rise of 167,000 the previous month.
Read more at Reuters South Africa
January's U.S. non-farm payrolls report, due at 1330 GMT, will be scanned by investors for evidence to reinforce a solid growth outlook and the Federal Reserve's steady stance on interest rates.
Economists expect the data to show 149,000 jobs added in January after a rise of 167,000 the previous month.
Read more at Reuters South Africa
Metorex buys IDC's Chibuluma stake
South African miner Metorex has bought the Industrial Development Corporation's (IDC) 35 percent stake in Zambia's Chibuluma South mine for $21 million, the company said on Friday.
It said the purchase price will be settled through the issue of new ordinary shares in Metorex.
The firm said the acquisition significantly enhanced earnings from its copper division. The current copper price provided Metorex with an attractive pay-back period in respect of the purchase price, it said.
Read more at Reuters South Africa
It said the purchase price will be settled through the issue of new ordinary shares in Metorex.
The firm said the acquisition significantly enhanced earnings from its copper division. The current copper price provided Metorex with an attractive pay-back period in respect of the purchase price, it said.
Read more at Reuters South Africa
Harmony in talks with Rio Tinto on Hidden Valley
Harmony Gold is in advanced talks with global miner Rio Tinto on the Hidden Valley project in Papua New Guinea that will help improve its cash costs by $10 per ounce of gold, it said on Friday.
Harmony's Chief Executive Bernard Swanepoel told a presentation about the talks after the company reported second quarter results.
South Africa's Harmony, the world's fifth biggest gold producer, has previously said that the Hidden Valley project could produce 280,000 ounces of gold and 3.9 million ounces of silver per year during a mine life estimated at around 10 years.
Read more at Reuters South Africa
Harmony's Chief Executive Bernard Swanepoel told a presentation about the talks after the company reported second quarter results.
South Africa's Harmony, the world's fifth biggest gold producer, has previously said that the Hidden Valley project could produce 280,000 ounces of gold and 3.9 million ounces of silver per year during a mine life estimated at around 10 years.
Read more at Reuters South Africa
Car sales speed ahead
Vehicle sales for January have improved significantly compared to the same month last year, the National Association of Automobile Manufacturers of South Africa (Naamsa) said on Friday.
"New vehicle sales had started the year on a positive note with new vehicle sales at 52 213, registering an improvement of 6.9% compared to last year's 48 821."
Read more on FIN24.co.za
"New vehicle sales had started the year on a positive note with new vehicle sales at 52 213, registering an improvement of 6.9% compared to last year's 48 821."
Read more on FIN24.co.za
Oil rises towards $58, heads for weekly gain
Oil rose towards $58 a barrel on Friday, boosted this week by colder weather and declining distillate supplies in the United States, the world's top oil consumer.
Also supporting prices, oil unions in Nigeria, the world's eighth-largest exporter, considered whether to call a strike and the latest deal by OPEC oil exporters to lower supplies took effect on Thursday.
U.S. crude rose 31 cents to $57.61 a barrel by 0947 GMT. London Brent crude moved 37 cents higher at $57.09.
Read more at Reuters South Africa
Also supporting prices, oil unions in Nigeria, the world's eighth-largest exporter, considered whether to call a strike and the latest deal by OPEC oil exporters to lower supplies took effect on Thursday.
U.S. crude rose 31 cents to $57.61 a barrel by 0947 GMT. London Brent crude moved 37 cents higher at $57.09.
Read more at Reuters South Africa
Subscribe to:
Posts (Atom)