Archive

Posts Tagged ‘stock market’

Semipro Everything

August 1, 2011 Leave a comment

Okay, so I’m getting married in less than a week and I’ll be gaining a new uncle who, I kid you not, is good at just about everything.  He will beat you in pool, he will beat you in golf, he will beat you in darts.  He can snowboard, ski, wakeboard, and waterski better than you.  If you jump off a tall cliff into a lake in the middle of summer, he will dive off a taller cliff into freezing Lake Tahoe in the winter.  Let’s put it this way, the guy is GOOD.  He’s always the guy to beat no matter what game we’re playing or what adventure we’re embarking on.  He is what we call: Semipro Everything.  Not quite professional, but good enough to be better than everyone else.

This is the key to Professional Diversification, just viewed in a different light.  When it comes to your career, you want to be semipro everything.  You want to be good at this and good at that, at least better than everyone else.  To be honest, it really doesn’t take much.  A little research here and a little practice there, and you’re on your way to being able to add some more skills to your portfolio.  Think about it this way, you go home after work and research the stock market.  You learn how it works, how to invest your money, where to invest your money, and all the tips and tricks to being successful in the stock market.  It takes a couple minutes every night, but you now have an opportunity to earn additional income on top of your normal salary because you know how to properly invest in the stock market.  You don’t have to go to school and become a stock broker to make money.  All you have to do is know enough to be dangerous.  Like I said before, Semipro Everything.

Potential Career #1: Stock Market Investing

April 17, 2011 11 comments

bank of america stock market google financeI remember buying my first stock in February of 2009.  Since I had never even paid attention to the stock market, I just listened to what the people around me were talking about.  This was the time when the banks were going through rough times and nobody was really sure what would happen to them.  Bank’s stock prices kept falling and falling with no end in sight.  Well I figured Bank of America wouldn’t go under, and we all know that it didn’t.  I decided to buy 18 shares of BAC at $4.91 (I’ll remind you that BAC was once trading in the $50’s in 2007).  After I bought the stock, it kept dropping and started freaking out, because at the time, $100 was a lot of money for me.  It turned out that I made a good choice with BAC though, because by the end of the year, the stock was up to about $16.  That’s a 226% increase!

After seeing how easy it was to make money in stocks, I spent every minute researching strategies and watching stock prices.  I remember days when I would wake up at 6:30am to start watching the stock market and I wouldn’t take my eyes off the computer until 1pm when the market closed.  I now own a 5-stock portfolio consisting of BAC, EFGU, JOEZ, DHT, and JSDA.  My overall portfolio is currently up 55%.

So how can I turn this into a career, or a way to consistently make money?  I’ll answer the questions provided in my last post, Identifying Potential Careers by Leveraging Your Skills and Interests.

1. What?

This career obviously involves the stock market.  Some of the potential careers involved in the stock market can be an independent stock trader (like myself), a stock broker, hedge fund manager, mutual fund manager, or an investment banker.

2. Why?

One of the reasons I really like this career path is simply because I like the stock market.  I like watching stock prices, analyzing securities, knowing what’s going on with companies, and trying to find trending patterns.  I think I would be pretty good at this career because I’ve already been quite successful as an individual investor.

3. Where?

The nice thing about this career is that if you have access to the Internet, you can trade stocks.  I wouldn’t necessarily have to move away for this career, although, stock market careers are more prominent in New York.

4. When?

I’ve owned stocks for over 2 years now, I’ve read a number of books, I’ve researched stock market strategies online, and I’m currently taking an MBA level portfolio management class at UNR.  I think I would be ready to move from individual investing to professional money management.

5. Who?

If I wanted to seriously consider this option as a career path, I could talk to my portfolio management professor who could help me get started.  We had a guest speaker come into our class a few weeks ago named Mike Hurley who runs a mutual fund called Incline Capital who would be a great resource.

6. How?

If I was to lose my job this week, I would dive deeper into individual investing until I could get in touch with someone like Mike Hurley who could help me set up a mutual fund and begin to professionally manage money.

Image Credit

Related Articles:
About Stock Market Careers – eHow.com
Stockbroker Job Requirements and Careers: Facts and Fiction

8 Easy Ways to Make a Couple Bucks

March 30, 2011 5 comments

money pocket jeans dollar bucksMy last post, 6 Easy Ways to Save a Couple Bucks, seemed to be quite popular, so I decided to build upon that post by talking about ways to make a couple bucks.  Making a couple extra bucks, like saving a couple bucks, adds to your own personal bottom line.  Here are some suggestions:

1. Sell Things Online.

Have some junk that’s been sitting in your garage for years?  Sell that stuff online.  The most popular sites to sell items online are eBay, Craigslist, and Amazon.  Certain items sell better on different sites, so take a look at this article to figure out where to sell them.

2. Sell Services or Products.

We all have unique skills right?  Why not leverage those skills and sell them online.  If you’re an amazing photographer, feature your photographs on the Internet and get people to hire you.  If you can build birdhouses, try building an e-store to sell them on.

3. Find a Credit Card with Cashback Bonus.

Most credit cards these days offer cashback bonuses.  For example, my Discover Open Road card earns 5% cash back on gas and auto purchases.  You can use the cash back as a credit on your bill or you can redeem it for a cash card.  Not only that, but you can redeem your cash back bonus for vendor gift cards and get even more for your money.  What I mean by this is you can redeem $40 worth of cash back bonus for a $50 gift card, so you just made an extra $10, for free!

4. Online Surveys.

I was invited to a survey website a few years ago called u.talk.back.  Every once in a while, they send you an email with a link to a survey for a specific amount of rewards points.  Once you reach a certain amount of points, you can redeem them for gift cards.  Since I started using u.talk.back, I earned a total of three $50 gift cards.

5. Babysit.

If you love children, babysitting can be a great way to make some extra money.  I’ve heard babysitters making anywhere between $10-15 per hour.  If you babysit for 4 hours, that’s $40-60.  Do that twice a week and you made about $100 in a week.  Multiply that by 4 weeks and that’s $400 per month!

6. Invest in the Stock Market.

The nice thing about investing in the stock market is you can make a decent chunk of money in a fairly short amount of time, if you know what you’re doing.  If you don’t know what you’re doing, you can lose a bunch of money.  I advise not to invest large amounts of money in the stock market if you’ve never done it before.  In the future, I plan to share some strategies for making money in the stock market, so stay tuned for that.

7. Certificate of Deposit.

If you’ve got some extra money laying around that you don’t plan on using for a while, why not put that money in a Certificate of Deposit.  A CD is like free money in exchange for time.  Think of it as loaning money to a bank and charging them interest.  For example, Ally bank is offering a 1-year CD at 1.24%.  So if you give the bank $1,000, they will give you $1,012.40 back a year from now.  I know it doesn’t sound like much, but its better than keeping the money in a checking account that doesn’t earn any interest.

8. Donate Plasma.

I haven’t personally donated plasma myself, but I have heard you can make some extra money by doing it.  If you’re deathly afraid of needles or have a very busy schedule, I wouldn’t recommend this option.  Fro what I’ve heard, it’s painful and requires a couple hours of your time.  For more information, visit DonatingPlasma.org.

Image Credit

Related Content:

23 Ways For Teens to Make Money

26 Ways To Make Extra Money And Keep You Day Job

25 (Unusual) Ways To Make Quick Money

Webpage Credit:

eBay.com

Craigslist.com

Sell on Amazon

eBay, Craigslist, or Amazon? Where to sell your stuff…

Discover Open Road Credit Card

u.talk.back Opinion Panel

DonatingPlasma.org