We can all earn a paycheck, but how do you earn a living? The affiliate space has enabled that very thing for countless individuals. But during these tough economic times, how can you make your hard earned money go farther, or make it grow, as it were? For instance, where can you find a low-risk, interest earning investment vehicle?
I don’t give legal, tax or investment advice, as I am not a professional in any of these areas. However, I perused the FDIC website, and what I can say is that a certificate of deposit or CD, makes financial sense. I’m all for making more money, and a CD basically is a special type of deposit account with a bank or thrift institution that typically offers a higher rate of interest than a regular savings account. Unlike other investments, CD’s feature federal deposit insurance up to $250,000, which provides you a safety net.
Additionally CD’s provide an effective means of obtaining a safe ROI because, unlike market-based investments, such as mutual funds or annuities, you aren’t directly tied to fluctuations in the stock market. When you buy a CD, you make an investment in a bank. The bank will use that money to invest in profitable ventures such as issuing mortgages and corporate loans. As an investor, you earn a return in the form of interest when your CD matures.
The maturity term can range from three months to five years or more. The longer the duration, the higher the CD interest rates you should receive. Once the CD matures, you can cash out or renew.
Money savvy individuals say that “The more you make, the more you should save”. So visit your local bank and inquire about this unique way to save. Compare rates and then go online. There are a few online banks that are FDIC insured that offer savings rates that may exceed the national average. Make sure the one you choose is ranked among Bankrate.com’s Top Tier for high yields on all types of savings.
Educate yourself and make your money grow…
I recently had a conversation with an old family friend. He’s at retirement age and I thought he was going to retire. But as it turns out, after decades of punching a clock, he failed to prepare for this special time of his life. So instead of enjoying the fruits of his labor, he still needs to find suitable employment. And that brings me to this post. As affiliates, we can make a lot of money, but if we get stuck on ‘live-for-today’ mentality, we may not sock enough funds for tomorrow and that could potentially lead to a rude awakening.
So what are your options? If you still work for someone, make use of their 401k program. If you don’t, you can have your own retirement account (IRA, Keogh, etc.). With the Real Estate/Economy debacle, now is good time to buy Real Estate, which traditionally is a good investment vehicle for the long haul. The U.S. Department of Labor provides some tips on ways to prepare for retirement, regardless of age. But a time tested method for reaping wealth longterm is the good ole’ stock market, and trading stock has never been easier since the advent of the Web (and now mobile trading).
Most people appreciate the fact that stock trading is profitable after some homework or due diligence. A stock is a liquid asset, and the stock market has, on average, always provided yearly returns in the double digits. And although online stock trading is usually done through speculation, there are some strategies that help investors make the best out of the available opportunities. Retirement isn’t cheap and inflation can zap your portfolios value. Some gurus say you’ll need to shoot for at least seventy percent of your preretirement income. So plan on a specific target amount you want to have and build your portfolio accordingly. Diversify your portfolio to minimize risk. Leverage trading software to maximize your returns. These systems help you by spreading your risk around while allowing you to have full-control of your investments.
And when in doubt, seek professional help out. It is generally advisable to use a reliable brokerage firm. Seek a discount online brokerage firm that offers online and mobile trading of Stock, Options, Mutual Funds, ETFs, Bonds etc. Brokers play a very important role in this industry. They should be able to provide real time information, execute orders efficiently and provide ongoing financial advice to help in your decisions.
So plan ahead and trade it up!. You and your family will be glad you did…
As affiliates, we are in what’s called the performance marketing space, meaning we get paid when we produce. Nothing is a sure bet, but we have a proven strategy on knowing what to sell: before we promote an offer, we evaluate the niche and determine its viability, do some preliminary testing, tweak, see what converts, tweak some more and then scale. All this got me thinking about a conversation I overhead a few weeks ago dealing with trading stocks, specifically penny stocks. What are these and why do I bring it up?
Penny stocks are stocks for the masses: they tend to trade at ridiculously low prices, usually anything under $5, meaning you don’t need a gazillion dollars to own a stock portfolio. Sounds good right? Well the downside is that they tend to be pretty risky as an investment vehicle because they tend to fluctuate wildly in price. However, with that being said, some have made unbelievable gains in a very short period of time (the same day even).
But what if you could align yourself with a team of pros who have a proven System? A System designed to help you look at, pick apart, evaluate and predict a penny stocks potential for short and longterm gains? Well you can. The team at Jackpot Penny Stocks provides access to information that can help you master picking the right penny stocks. Now granted, nothing is guaranteed in this niche, put the information provided has a great track record. Their secret sauce? They hone in on companies that have a powerful news presence, above average trading volume, and are primed for growth.
So don’t feel intimated. As in the Affiliate space, and in business, investing and everything else -follow a proven System – and start reaping the rewards…