Economics & Everything else » Recession

Securing Your Future Finances through Savings

ravi — Thu, 28 May 2009 17:48:06 +0000

To be able to stay financially healthy we must be able to create a monthly budget plan and stick with it. A lot of people nowadays do not create a budget plan that is why they usually overspend on things which are non essential. If you used to spend a lot eating at fancy restaurants then it’s time to start cooking some dishes at home.
There are lots of ways we could find in our personal lives wherein we could save. This would be up to you to find out since each person lives a different lifestyle. Just remember, the more you save from this the more financially secure you will be.

Making money during a recession

ravi — Thu, 28 May 2009 17:46:30 +0000

During this economic recession stocks, options, and futures are all hitting an all time low, and I’m not a big fan of the phrase “don’t catch a dropping knife”. Stock trading to me is a great idea because of all the gains that are stocks can make in a day. Since prices are low even the slightest increase can mean a two to three percent gain. This is more evident in cheaper stocks also known as penny stocks that are known to rise thirty to forty percent in one day. Online Trading in my opinion is the best way to do since you can directly sell, and buy with ease in a timely fashion.
A Online Broker is also the way to go since they can guide you as to what to buy, when to buy, and when to sell. In addition a Online Broker spends most of their day reading about different swings within the market, and are therefor knowledgeable to give advice. Of course if your not interested in stocks, Options, Mutual Funds, Exchange Traded Funds, and Fixed Income securities are also the way to go. With stocks rebounding, retirement funds are climbing ever higher, and with the price of gold on the incline, a couple precious metals funds would be a great asset to your portfolio.

Credit Cards

ravi — Mon, 20 Apr 2009 01:51:10 +0000

Why so many people complain about credit cards i don’t know. I personally use one and it is one of the greatest things in my life because I never have to keep cash on me and I never have to worry about theft of my wallet. One thing that I feel is stupid is the people who decide to take out cards to pay off another credit card balance, and the people who decide to get cards with annual fees. Why pay someone a annual fee for using your own money? The great thing about credit cards is that you are able to get money back on purchases, and you never have to buy insurance when you rent a car with them. Rock on credit cards, for those who are in debt… get out.

Recession impact on games

ravi — Sat, 18 Apr 2009 01:50:40 +0000

As it turns out the gaming industry is recession proof which should tell you where to put your money in times like these. Typically nothing is recession proof besides price inelastic goods like medication and water where the price can go up three thousand percent and demand would stay stagnant. As I stated above the game industry looks like it is able to withstand the drop in spending by consumers everywhere as opposed to other industries which are now crumbling. Don’t bet your money on it for too long is my thinking, like everything good in this world it inevitably goes away.

CD Ladders

ravi — Wed, 15 Apr 2009 01:35:45 +0000

CD Laddering which is Certificate of Deposit laddering allows you to divide your money and constantly recieve the highest yield that CDs are offering. A CD ladder can consist of a maximum of 10 Certificates spanning six months apart over the course of five years. The plan is to split all the money that you would put into a CD ten times and spread that over the CD terms. After each CD expires renew it as a five year CD and watch your money grow. Because your money is always receiving the highest rate you never have to worry about inflation and you will always have access to 1/10 of your money. Consider it, it’s a great way to make money risk free.

Technology

ravi — Mon, 13 Apr 2009 01:31:27 +0000

With economics technology plays a big part in supply. In economics the acronym ROTTEN represents all factors that are able to shift the supply curve of the supply and demand graph. The acronym ROTTEN stands for:

Resources
Other goods
Technology
Taxes / subsidies
Expectations
Number of sellers

I like to focus on technology because that is what is pushing the price down of many items that are being sold today like Jump drives. The flash memory industry is starting to lose money because so many competitors have entered the market because of low barriers to entry and therefor a price war is going on… a.k.a. dumping. Of course this is all part of the market and eventually a equilibrium price will be met and all will be balanced.

Getting back into Forex

ravi — Mon, 12 Jan 2009 05:55:31 +0000

Forex is the foreign exchange market where currencies are traded in pairs. One can buy one currency and sell another. I personally have been looking into the forex market because it’s a great way to make money and at the same time you can always make money. I realize that I have been putting a lot of my eggs into a single basket which is very bad especially considering how many times i’ve talked about diversification. The great thing about the forex market is that there is leveraging where you can invest a certain amount and you’ll get x amount more, of course the more money the more risk. I welcome risk with open arms everyday and I figure using a mini account will at least expose to some other form of money making, if I loose $500 I will have learned my lesson. It pays to diversify, and I mean that literally.
If your looking into the forex market I highly suggest that you download some type of e-book or sign up for a free demo account on some forex trading website. Happy money making . I hope to make a good amount of money during our economic downturn.

Debt Relief

ravi — Thu, 25 Dec 2008 15:38:10 +0000

In economics loans are needed in order to run the economy, if all the worlds debt was cleared the world economy would cease to exist. Many businesses today also rely on loans because companies take out loans to be able to pay for payroll and other expenses since there is a waiting time before a payment is received for a service or product. Recently there has been a downturn in our economy and as a result companies have been having to take out more and more loans at higher interest rates. Because of the massive pile up of debt companies like freedom debt relief have emerged and have helped keep low payments;
They help Cut debts in half and Get debt free fast while charging little for the service that saves you tons.
A relative of mine had a problem with debt and decided to take it on without the help of a debt relief program and ended up spendings thousands more because he wasn’t able to negotiate with the credit card company. My relative is living proof that it is better to consolidate your debt with a debt relief agency and work together to get you financially secure.

Finding a better rate

ravi — Wed, 24 Dec 2008 03:57:10 +0000

Even in todays economy credit problems still linger above our heads and progressively get worse. I was luckily able to find a good credit card while looking over Capital One Credit Cards at comparecards.com. I was able to find a great Capital one credit card that allowed me to take out a balance transfer at 0% APR for the first year which gave me plenty of time to pay off the rest of my debt at zero interest. I of course do not advocate having to take out balance transfers or look for a lower interest rate unless you absolutely have to. By all means pay off your bills when you have to and no later.
The great thing about comparecards.com is that you can search for Low Interest Credit Cards and Zero Percent Interest Credit Cards where you can help pay off any debt or even make money. One man was able to make a boatload of money through zero percent balance transfers by taking the money and putting it in a high yield online savings account. It does have it’s risk but you should look into the option if you need to make a little extra money this holiday season.

Recession Proof

ravi — Tue, 23 Dec 2008 01:19:38 +0000

It seems that many industries are not recession proof and this is where government programs usually come into play. The USPS (United States Postal Service) is one industry that I believe to be recession proof for two reasons.
1. It is a agency backed by US taxpayers.
2. The mail never stops to quote Newman from Seinfeld.
For this reason people continues to buy mail boxes. I believe that the video game industry along with the mailbox industry are some of the most recession proof industries out there today. A company like mailboxixchange.com is a company that has a good reputation for making quality mailboxes because of their superior standards and better building materials. They truly are a lucky company to be in that type of industry. Mail boxes can be a very important business tool as well because if for some reason your boss decides to drop by a mail box can make or break the impression of your employer. To add to that a mailbox also servers the purpose of displaying your house, kinda like the preview before a show. If your interested in purchasing a mail box check out the links above, that’s where I got mine.