Is Day Trading Right For You? Day trading is not something to jump into without considerable thought. Take the time to learn the business, practice without using real money in a stimulated scenario, study as much as you can about it before you begin and most importantly do not risk money you can not afford to lose. Have fun! [More] Defining a Long-Term Investment in the Stock Market With this definite, concrete purpose for investing in mind, a definite, concrete plan would need to be created (and can be found in my book The Stockopoly Plan) to achieve this long-term investment goal. My Mother invested in only one stock and got lucky – a considered plan would diversify. So if I am going to hold a security position forever, what criteria should I be looking for in that security? Certainly dividend income – that's a given! And since I never intend to sell the security, capital gains may not even be an issue (more on this later). [More] 12 Tips For Getting The Most Value From The Cashflow 101 Game 8. Have backup in a calculator. Yes, you might know your sums pretty well, but it does not hurt to have a calculator handy for estimating how long it will take you to get out of the rat race. 9. Understand potential of grey areas in rules. Yes, rules and laws do not cover everything so there might be some loopholes. But rather than using loopholes, set up a contract that at least two parties can agree to that is a win-win situation for both. Do not see the absence of rules as an obstacle, but rather see it as an opportunity. [More] How To Survive On A Student Budget There comes a time in every young person’s life where they leave the safety and security of their family’s home and venture out into the world by themselves. For most, going away to college provides enough mat. "Continual Motion Creates Opportunities!"