Finance Tips

A 401K is a retirement plan sponsored by your employer. It is a defined contribution plan where you contribute a certain portion of your income into the account. 401K accounts are popular because of two main reasons.

As a retirement investment, the 401K has both advantages and disadvantages:

Pros:

• Tax deferred until withdrawal.
• Possibility of additional contributions from employers

Cons:

• Withdrawal penalties of 10% with certain exceptions.
• Lack of liquidity if the contributor needs the money for another purpose.

A further comparison of a 401K plan with other investments can be found here.

Benefits of a 401K

First they are a tax deferred plan, as an example let’s say you put $4,000 dollars into the account over a year and earned $54,000 that year, only $50,000 would have to be claimed as income. On the other hand, the benefits upon withdrawal once you’ve retired are taxed as income. Second, employers may offer a matching contribution giving you a strong incentive to deposit into the 401K account because of the increase in assets gained if employers match the deposit. Continue reading ‘Understanding Your 401k’ »

Commodities and stocks have been on fire the past two weeks and I think it just may be time for things to take a breather. While I continue to stay long, taking some money off the table to lock in profits is a safe play.

Just from a quick glance at the charts we can tell the odds are pointing to some type of pause or pullback in the coming days. I figure any day now we could see some profit taking.

Gold ETF Trading – GLD

The Gold ETF is one of my favorite trading vehicles. Using simple trend lines and looking at the recent price action you can see that the price of gold is looking ready for a pullback. Buying at this level is chasing and that generally means you buy at the high and panic out at the low.

How to Trade Gold GLD Continue reading ‘GLD, SLV, UNG & USO Trading Charts’ »

A year ago, Silver was in the midst of a severe price correction, one precipitated by the global credit crisis and the massive rush toward liquidation of commodity futures contracts – at any price – that ensued. Silver plunged from nearly $21.00 all the way down to the sub-$9.00 range, causing many commodity investors to doubt that the Silver bull market had any chance of ever attaining such lofty prices again. Well, those doubts have all but been erased, and the technicals depicted on the following chart should be enough to convince all but the most hardened skeptics that Silver is alive, well and quite possibly enmeshed in what could be its most powerful bull market to date.

Silver SLV ETF Trading Analysis

Graphic credit: Metastock v.11

One of the first duties of any competent technical analyst is to determine the prevailing trend of a given stock or commodity, and one of the most effective ways to accomplish that is to look at the relationship of prices to a variety of key moving averages. On the chart above, pay special attention to the red and blue curved lines, which denote the 50 and 200-day exponential moving averages (EMA’s) for SLV, the exchange-traded fund that closely tracks the price of cash Silver. On the left side of the chart, witness the green oval, the location of a bullish ‘Golden Cross’ of the 50-period EMA above the 200-day EMA. For technical analysts and traders, this normally implies the likelihood of significantly higher prices to come. It’s not a ‘fail-safe’ technical indicator, but it does a pretty good job of forecasting the future trend of prices across many different markets. Currently, SLV is obliging with a period of sustained follow-through, despite having endured a sharp sell-off in the wake of the recent 50/200 Golden Cross.

As important as the Golden Cross is, it’s equally important that the moving averages confirm the trending moves by starting to slope upward; in this case, both the 50-day EMA and the 200-day EMA are both accelerating higher even as the spread between them is continuing to increase. Pro traders also know that both the 50 and 200-day EMA’s will frequently acts as strong support on pullbacks (especially when such EMA’s are flat or sloping upward), often providing relatively safe ‘re-entry’ points for experienced traders and investors. See the various colored ovals for a few examples of this phenomenon. Continue reading ‘Silver ETF Trading Opportunity – SLV Exchange Trade Fund’ »

The nature ?f the venture in sh?rt-term trading is n?t underst??d by very some pe?ple. As a trader, y?u really are n?t risking y?ur entire investment ?n a particular transacti?n, as the ?dds are high that y?u will be ?ut ?f the st?ck as s??n as it l??ks even rem?tely weak. The actual venture lies in the fact that while a sh?rtterm dealer cuts his l?sses, he als? cuts his pr?fits. T? be successful at this s?rt ?f thing, y?u will have t? pick st?cks that are g?ing up and g?ing up n?w. Otherwise, y?u are g?ing t? spend half y?ur f?rtune and m?st ?f y?ur time chasing y?ur tail. Here are s?me helpful hints: 1 C?nsider purchase after a st?ck has pulled back. This will give y?u a better risk/reward rati? and a tighter st?p l?ss. Y?u need every bounds in this endeav?r. The intent is n?t t? permit it head s?uth like a migrating bird. Vi?lati?n ?f the supp?rt distinction ?r a str?ng Atlantic ?f supp?rt is a str?ng warning t? exit the p?siti?n. The vertical c?unt used in p?int and amount w?uld be very effective. If the st?ck m?ves up, m?ve the st?p l?ss up bel?w it until y?u are finally st?pped ?ut. 4 An alternative t? the ab?ve pr?cedures w?uld be t? c?nstruct a trendline as s??n as p?ssible. There is ever ?ne main trendline. H?wever, the sh?rt-term dealer haw want t? redraw sh?rter trendlines. 5 Trendlines crapper pr?ve useful t? the sh?rt-term dealer in an?ther way. A st?ck in an uptrend haw be purchased as it hits the b?tt?m ?f the trendline. If the st?ck d?es n?t feat ?ff that trendline and c?ntinues its decline, then y?u have a cl?se st?p l?s C?nditi?ns were maturity t? make a l?t ?f m?ney. Even a small am?unt ?f m?ney c?uld turn int? f?rtunes if invested pr?perly. There was ?nly ?ne pr?blem…I had NO m?ney! Yes, I saw the investment ?pp?rtunities right in fr?nt ?f me, but I c?uld n?t take acti?n. What is the respond t? that pr?blem? D? y?u kn?w any?ne else in that situati?n? Is it perhaps y?u? If s?, there is h?pe. What’s exciting is that the pr?cess generating the change will, in and ?f itself, make y?u a better invest?r. If y?u d?n’t hit the capital t? buy assets, y?u can BUILD assets…this means antiquity a change fl?wing business. It is imp?rtant t? n?te that y?u are NOT l??king t? ?pen a c?ffee sh?p ?r ?ther m?m and p?p st?re. If y?u d? that, y?u are really ?nly buying a j?b. Als?, the wh?le p?int was y?u didn’t hit some m?ney, right? Instead, build a playing that requires lowercase t? n? capital. Then build y?ur supine inc?me and ingest that change t? invest. The end result is y?u module then hit multiple streams ?f supine inc?me. Y?u may feel like this is n?t p?ssible, and perhaps 30 eld ag? it was n?t, but with the advent ?f the internet, everything has changed. Many c?mpanies are l??king f?r small playing ?wners wh? poverty t? build an asset patch having lowercase t? n? capital. This is because they n?t ?nly all?w y?u t? OWN y?ur business; they als? hit every the systems in locate that y?u w?uld n?rmally hit t? pay th?usands ?f d?llars t? set up. If y?u hit never ?wned a playing bef?re, be very certain in y?u ch?ice ?f a c?mpany. If y?u are w?rking with lowercase t? n? capital, l??k f?r a c?mpany that specializes in internet marketing. What’s m?re, this c?mpany MUST hit a s?lid internet marketing upbringing pr?gram. cyberspace marketing is alm?st 100% liberated if y?u kn?w what y?u are d?ing. Make sure y?u are s?mewhere that module teach y?u h?w t? mart f?r free. D?n’t get me wr?ng, the r?ad module n?t be caretaker alacritous ?r easy. If y?u f?ll?w thr?ugh, y?u module hit the capital t? be a pr?fessi?nal invest?r. When y?u achieve that, y?u module hit the wealth and time freed?m y?u th?ught y?u th?ught w?uld ?nly be a dream.

The nature ?f the venture in sh?rt-term trading is n?t underst??d by very some pe?ple. As a trader, y?u really are n?t risking y?ur entire investment ?n a particular transacti?n, as the ?dds are high that y?u will be ?ut ?f the st?ck as s??n as it l??ks even rem?tely weak. The actual venture lies in the fact that while a sh?rtterm dealer cuts his l?sses, he als? cuts his pr?fits. T? be successful at this s?rt ?f thing, y?u will have t? pick st?cks that are g?ing up and g?ing up n?w. Otherwise, y?u are g?ing t? spend half y?ur f?rtune and m?st ?f y?ur time chasing y?ur tail. Here are s?me

helpful hints: Continue reading ‘Quick Stock Market Training and Advice’ »

Tip 1:

Defias Windmill- This is a great place to farm that can be done at almost any level. This spot was revealed on the official forums right after release and to this

day it hasn’t changed and is still great.

If you head out to the Gold Coast area in Westfall you will find a windmill on a hill overlooking the beach (there is a murloc camp right below it on the beach).

Surrounding this windmill are a ton of Defias mobs that you can kill and get a ton of linen and other good humanoid loot. They are only around level 12 so it easy

to do.

What makes this area so great is that their respawn rate is almost immediate. Even at level 60 I can come here and farm linen cloth and they have started

respawning before the first of them are even dead. Continue reading ‘As I promised, here are just a couple of tips on making serious amounts of gold in World of Warcraft’ »

Commodities and stocks have been on fire the past two weeks and I think it just may be time for things to take a breather. While I continue to stay long, taking some money off the table to lock in profits is a safe play.

If you look at the charts we can tell the odds are pointing to some type of pause or pullback in the coming days. I figure any day now we could see some profit taking.

Gold ETF Trading – GLD

The Gold ETF is one of my favorite trading vehicles. Using simple trend lines and looking at the recent price action you can see that the price of gold is looking ready for a pullback. Buying at this level is chasing and that generally means you buy at the high and panic out at the low. Continue reading ‘Mid-Week Commodity ETF Update!’ »