More Than Finances

Get your finances in order!


Tips for Investing by Trading Stocks

Stock trading or holding stocks is one of the best-known ways to invest. It is possible for anyone to buy shares from a company that has undergone an initial public offering (IPO). Stocks are great assets to diversify an investment portfolio with.

Stock trading, though popular, is also known to be one of the more riskier ways to invest. Stocks of even the most established companies can become volatile because of unpredictable market forces. For example, no one in the early 2000s predicted that Lehmann Brothers stocks would be worth nothing only a few years later.

If you are new to stock trading, there’s a lot to learn. Here is what you can do to become a new stock trader:

Get a Stock Broker Account

You need to have an account with an online stock broker to start trading stocks from the comfort of your home. There are plenty of websites that offer stock brokering services, but don’t trust all of them. Make sure you are signing up with a reputable website with an actual business registration address. Read online reviews, such as this Warrior Trading Review for an educational platform, to separate the good sites from the bad.

Once you have opened the account, start familiarizing yourself with the software platform. Most of these websites have virtual trading tools, free trading options, and research on stock available exclusively to clients. Spend some time learning all this before you start trading.

Learn about Stock Trading

Stock trading is not necessarily something you can learn in practice. Remember, you will be spending real money on these stocks. Therefore, read books, watch videos, and engage in online learning about stock brokering. There are websites like Warrior Trading dedicated entirely to educating the public on the art of trading stocks.

Try a Trading Simulator First

Before you go on to spend a lot of cash on your first trade, consider using a trading simulator. You can find these virtual trading programs online where you can make trades for practice. If you have never traded stocks before, this should give you an idea of what it’s really like.

Once you get the hang of it, you can start making actual trades. Start small with less than 10 shares at once. Walk before you run. Small-scale trading will give you valuable experience and a better  understanding of how stock trading works in real life.

Read the News

If you are trading stocks in a certain sector, you can’t afford not to read the news related to this sector. In fact, you will have to become an avid follower of the news if you want to become a responsible stock trader. Subscribe to The Wall Street Journal and browse other sources of reliable business and financial news. Stocks are affected by real-world political and economic events, so you won’t be able to make potentially lucrative trades without knowing what’s going on.

Don’t make the mistake of going all-in and trying to score big with your first stock trade. It’s an art that you have to gradually master. Don’t risk losing your hard-earned savings on a bad bet. Educate yourself and become a pro stock trader to build true wealth.


Saving Made Easy

When it comes to our personal finances, there’s a lot to worry about. There are a number of parties interested in taking as much of our money as they can. For example, you spend a lot of your money on groceries and bills each month. And, that’s just for starters. The point is, it can seem impossible to save the money you’ll need to get ahead in life, or even to just be prepared for the worst. That’s why it’s important to arm yourself with the knowledge needed in order to save your money. We all know it’s important, but we don’t always know how best to approach saving. Here are some tips to help you out.

First and foremost, make use of sales and coupons to save money on the things you need. While some purchases are unavoidable, and others still important on some level, that’s no to say that they have to be costly. For example, here’s a Best Western coupon to help you save money on a hotel room in case of travel. This is just one example, however. Retailers frequently employ sales and coupons in order to drum up new business from customers new and old, and that presents a savvy shopper with the opportunity to get most, if not all, of their shopping done at a severely reduced cost. You just have to know where to look in order to see these special cost cutting offers. There are online resources aplenty, such as Groupon, to help you find these savings, so keep your eyes peeled.

Another important element of saving is to know when and where to save your money, and when to spend it. For example, there are a great many purchases that we make that are simply unnecessary, so you can reduce or eliminate this spending. However, in some cases, an item is of enough of the right kind of importance that me be wise to spend more than average. This ensures quality, which means replacing these items less and saving money in the end. Such items can including things like shoes and Winter coats.


Teaching Your Kids How to Manage Money

Teaching your kids to be responsible with money is perhaps one of the very most important tasks for any parent. After all, if you don’t want to be supporting them for the rest of your life, you’re going to need them to know how to manage their own financial affairs.


The earlier you start helping your kids to develop good spending habits, the more likely they will be to be financially secure later in life. Here are 5 tips to help you help your kids learn to manage their own money.

1. Make them earn money

Giving kids and allowance is a great way to get them to start managing their own money, but if you don’t want them to just expect handouts later in life, you need to not just start handing it out early on either. Kids have a difficulty making the connect between the work you do to earn money and the cash you pull from the ATM or the purchases you make on your credit card.


The first step in helping them make this connection is paying them for work. Whether it’s washing the dishes, washing windows, making their bed or cleaning their room, make sure that any allowance you give them is earned in some way.

2. Make them responsible for certain expenses

It doesn’t help make a connection between work and finite income if you simply give them money for whatever they need whenever their own runs out. Whether it is buying their own candy, their own clothes or their own video games, make sure that they are responsible for purchasing something all on their own.


If they run out of money, do not bail them out unless you want to still be bailing them out when they don’t have enough rent in their 20’s because they spent their money on other things.

3. Help them learn to save regularly and for large purchases

This is a good time to help your children start building the habit of setting aside some money from every allowance or paycheck. In addition, this is also a good time to help them learn the financial discipline it takes to save up for major purchases. Instead of buying them things like a car, cell phone or television, offer to match funds with them.

The more they participate in buying their own things, the more likely they are to take better care of them. Particularly if they know you won’t be simply replacing them if they get lost, stolen or broken.

4. Help them learn how to budget

As your children get older, you can start making them responsible for budgeting their money to cover their own expenses. At the beginning of each semester of school, you can give them a lump sum that will have to last them for several months. When or if the money runs out, there will be no more.


Help them to learn to budget for expenses like clothing, entertainment and gas or transportation expenses. Again, however, the importance thing is not to bail them out if they blow through it too quickly.

5. Help them understand credit

As teenagers, you may consider getting your child a secured credit card (which automatically keeps the limit fixed in place) or a pre-paid debit card. This will help them understand that plastic is not “magic money” that just appears out of thin air when they need it. When they are 18, you can check their credit score with them and help them understand the importance of maintaining good credit.


What is Financial Trading?

When you want to make money in financial markets, there are two major ways to do it. You can invest or you can trade. Investing plays out on a longer timeline of years and decades, while trading is focused on months, weeks, days or even hours. Financial trading is tough and intense business and it takes a long time to learn how to do well. You need risk management skills, acumen at reading and disseminated through news of a financial nature and the ability to work with numbers and spreadsheets.

When you make the call to get into financial trading, you want to educate yourself. Build yourself a trading library, so you can be no more than an arm’s length away from viable and expansive tomes on the nuances of making money in the markets. Being an autodidactic learner is extremely profitable in this particular situation. Being able to learn on your own, without subjecting yourself to a class or coursework is valuable.

What is financial trading? It is the act of buying a stock, bond, commodity or other financial instrument in the hopes of the asset rising in value. You are a hedger, a speculator and a bettor. You are looking to gain insight and knowledge into the markets and then use that to make a profit. Traders are interpreters of information, with the work done a move towards making more money than you started with.

You need to be well versed in whatever financial instrument you are planning to trade. If you want to trade stocks, you want to be able to understand what a stock is and how you can project its value. A stock represents a piece of a company or corporation that is bought and sold on an exchange. Companies issue shares so that they can raise money to do their business. If you think the company is well run or poised to grow, you can buy a certain amount of stock and sit on it as in an investment. That is what many people do.

Other people, known as traders, buy and sell shares very quickly, in order to make a profit off of short term spikes in the price of the shares. It can be a day trading situation or a swing trading situation, where a trader holds a stock for a longer period of time. Financial trading is generally thought of as a much more active pursuit than other investment activity. That means always being on and being engaged with the markets. You can employ tools to keep your accounts in check when you need a break from the screen time, but it is an intense job.

Beyond stocks, traders can operate in derivatives and commodity markets. Derivatives, such as spread betting, options, contracts for difference and futures, to name a few, are derived from actual financial assets. When you are trading derivatives, you do not actually take ownership of the underlying asset. You are just speculating on the value of that asset. It can be riskier than some other types of trading, if it is not done with caution.

The commodity market is somewhat similar, because you are essential trading contracts for the actual goods, such as coffee or cocoa, so you are not owning the goods. But it is a very specific type of derivative. Commodity markets have been around for most of human history, predating even the most rudimentary stock market exchanges.

For more tips on financial trading and risk management, look to this resource for picking the right platform that will match your risk appetite and strategy.


The Marijuana Stocks You Might Not Be Thinking About

With legalization becoming a reality in many states across the country, marijuana stocks are becoming hot commodities for day traders and traditional investors alike. But they are particularly appealing to day traders because of the cowboy nature of these entrepreneurs taking advantage of a brand-new, growing industry. Day traders need to take risks, just like these pioneers of the weed industry.

Day traders are used to taking risks and so are marijuana business owners. The regulatory climate is such that even if you are operating in Colorado or another legal state, the threat of federal enforcement of existing drug laws is always looming. That also makes the sector very volatile, which is like catnip to day traders. Day traders love volatility because it gives them a chance to make real profits.

Investing in marijuana stocks does not just mean learning about growers, dispensaries and producers. There a lot of ancillary business surrounding marijuana businesses in states that have chosen legalization. When you are talking about companies that provide services to marijuana growers and producers, you are talking about business consultants, extraction experts and many more.

Colorado has a lot of these types of marijuana adjacent businesses like Nexus Greenhouse Systems, which builds greenhouses for growing. In business since 1967, Nexus began as a manufacturer of greenhouses for regular horticultural uses, but has charged headlong into the cannabis market since legalization took hold. These types of marijuana stocks are ideal for investing because they have a base in business beyond cannabis. Gibraltar Industries bought Nexus in 2016, which makes Gibraltar a great buy.

Then there is Amercanex, an online electronic marketplace for cannabis transactions. It provides commodities experience and also allows deals to happen in its proprietary currency and allows deals to be completed, along with lab results, before the value can be released in cash. So all parties are satisfied. The service is valuable to participants in such a volatile industry. Wholesale and retail cannabis distributors can buy, sell or exchange their inventory on the exchange.

If you want to day trade marijuana stocks or any other stocks, it helps to get used to the idea of risk. The business owners behind these companies are ready to take calculated risks that the marijuana sector will grow and more regulatory hurdles will be peeled away. There is no guarantee, but the likelihood is pretty high that a lot of these businesses are on the ground floor of a skyrocketing industry.

As a trader looking at these businesses, you must look at the short term value of owning these stocks, rather than the long term. You are not in it for the long haul, like these entrepreneurs. You are looking to profit off moves that the stock prices may make over a couple days. Search for opportunities in the marijuana industry that come come along quickly and might never come again. The potential for profits is there, but it is up to you how great those profits are.