A quick review of the focus of the blog and the Miles Weekly Personal Finance Podcast, a vehicle by which to inform, educate, entertain, and cover the basics of personal finance, small business, investing, savings. The primary objective if there is one at all, to close the gap of “information asymmetry” and raise the minimum threshold of financial literacy to anyone that subscribes to the podcast or keeps up with the blog. In communications lingo The “A” End is the originating end or point of origination, for us that would be Episode #1 and Blog Post #1. Conversely the “Z” end is the terminating end, whereas the communications sent have been received. But don’t be fooled, the end also becomes the beginning and Z becomes A to start the cycle all over again. This is “Episode Number “Z”, we have reached the terminating end of these communications …successfully I might add. end.
This week’s episode of MWPF features an interview with Dr. Lois Center-Shabazz of MsFinancialsavvy.com, an author of several highly rated books on Amazon.com that cover saving, investing and management of day to day personal finance. She also offers coaching on finance, workshops and a Facebook support group, (WomenVestors) for women and girls focusing on finance. In this interview, Dr. Lois Center-Shabazz covers her philosophy regarding women and finance along with some very insightful relationship advice on Love and Money. Listen as she details the journey through her professional career and into becoming a financially savvy investor, author and finance coach.
Women in business, government, education, medicine, law, running for president, CEO’s, Bankers, and all the rest. Far more than just the supportive standby spouse, women are leading households and all the office too. How about banking and finance? More than just the corner C-Suite, women are starting their own companies and appointing folks to those corner offices.
Now, something entirely new in the space of infinite possibilities for women, an investing platform geared toward women, focused on everything from their specific lifestyles, life cycles and the way women earn, save and invest. You might have thought to yourself “poor Hillary”, if you did, you’re missing the whole thing because Girls Run This M*tha. Check out Ellevest and you’ll see.
Interview with CEO of PunchTV Studios, Joseph Collins
This episode is a followup to episode 54 “Is It A Scam”, during which, the PunchTV Studios IPO was one of the companies profiled for review. PunchTV studios is within the IPO phase of going public and currently offering company shares for $1. each. This offering has been specifically targeted to the urban market and non-accredited investors. Typically, IPO stocks aren’t available to the average non-accredited investor, however with recent changes in legislation and the SEC Rule Regulation A along with The JOBS Act, companies like PunchTV and others have been able to offer shares directly to the public. In addition to direct to public IPO shares, companies are also able to seek funding through “crowdfunding” practices. With lesser regulations and lesser oversight there’s been both a lot of buzz about companies like PunchTV and a lot of questions about its worthiness as an investment for newbie investors. In this interview, PunchTV CEO, Joseph Collins speaks directly to many of the ongoing questions.
Not sure about this whole investing thing? It can be fairly easy and straightforward to get set up with a brokerage and even link your existing bank account, then what? Start buying stocks …buy, buy, buy! Okay, maybe not so fast. There may be a few things to learn first, like what stock to choose and even if it’s a good time to buy it. Luckily, there’s plenty of instruction and guidance available whether you want to learn about buying stocks, mutual funds, bonds, commodities and the list goes on. Some instruction is free, some is pay per play, most is good and some is great. Either way, once you have got some sort of an idea of what to buy and how …buy, buy, buy! Wait, not so fast, first you’ll need money, money, money! Well before you go risking your cash you can maybe try trading with “paper” or “paper money” that is, trading with not so real cash. You can do what’s known as paper trading to maybe get a feel for what you’re doing, try out a few strategies, buy some stock and see how things go before you actually go live and start using your “actual” cash. But don’t go trading off all your good luck with the paper money trading, save some of that good luck for executing real trades and investments.
In this episode, an interview with Jason Brown, investor, trader, instructor and developer of “The Brown Report”. Jason goes over some of the differences in trading versus investing and how to get started based on your your money goals. He explains how he got started in trading, investing and some of the ups and downs that come with the territory. Jason explains how he came to develop several intense and focused courses based on his knowledge of investing and how it can be tailored to meet individual needs.
During the interview Jason sets aside the mystique, glamour and sometime hype about investing by digging right in to the nuts and bolts of getting started with investing and trading from the ground floor. Besides offering entry level instruction and investor training, The Brown Report also offers advanced level trading strategies for those that find themselves wanting more. He has a relaxed, confident approach that only comes following some real world experience and perseverance earned during trading in both up and down market cycles. If you haven’t seen any of the ads for “The Brown Report” online or elsewhere, check it here at “The Brown Report” .
There are a lot of questions, concerns and just plain old curiosity surrounding the Brexit situation. Following our own financial meltdown in the United States and all of the crazy things that followed ranging from job losses, to people literally walking away from their homes and mortgages to portfolios getting completely crushed. People lost money like it was going out of style. So what’s up with Brexit, is it something like that? Will there be those sorts of residual problems? News reports are talking about 401k’s and IRA’s potentially taking a hit. What should someone do if anything right now? Financial Advisor, Camari Elllis breaks down the Brexit, the EU, Euros and what you should consider before making any presumptuous money moves.
OR… Maybe there is a OPPORTUNITY presenting itself loud and clear, just yelling “Over here, now is the time!” Remember Baron Rothschild, “buy when there is blood in the streets”.
Oddly enough, regardless of where you may fall on the economic ladder there are still opportunities to invest as and even become or start you own investment firm, investor club and kind of manage your own fund or basket of stocks. You can learn the basics of selecting and investing in good solid companies and pool your monies with your family or group to make investing a unified effort. You can focus on whatever sector or specific industry of the market you want or diversify yourself to no end. Investment Clubs….. Groupus + Economicus= Prosperous!
Powerful investing strategy for the average investor and not the trader.
Far too many people aren’t well versed with basic investing although they do have some interest and some money to invest too. A long standing problem has been knowing what, where and how… obviously, information is power. Movies like Wall Street, Boiler Room and The Wolf of Wall St. don’t help, some nasty characters in each, but you can get around those guys and still bet invested. During this episode I talk about a direct way to get into stocks of some of your favorite companies and brands. How to invest continuously, build a portfolio and let your dividends power your investment through dollar cost averaging. The majority of people get involved with investing through their 401k or other employer sponsored plan, the rest might peek into the world of investing but won’t leap without some guidance because it seems so convoluted. Well, it ain’t so hard, with DRiP investing you open an account, enroll/ make selections from a list of companies you prob are familiar with, send your check and go from there… simple done. Okay a little more effort than that, but not much more.
“Buy when there’s blood in the streets, even if the blood is your own.” -Baron Rothschild
In this episode, being an opportunist when it comes to investing. Seeing opportunities in a down market environment, when things are at their worst, values are down and investing opportunities are ripe. Becoming a contrarian style investor, identifying intrinsic values and when to leap after them in several markets ranging from real estate to healthcare. Learn to look at every situation see past the cover and quantify the possibilities to invest and make money. In every climate whether there’s a political campaign or a protest at the very same campaign, someone is making a profit, someone had to make all of those signs and they weren’t made in China.
There there’s what’s known as “Luck”, while I don’t subscribe to the “Luck” thing… this saying makes a lot of sense to me, “Luck is when preparedness meets opportunity”. I mean, you were preparing for the opportunity, that makes you an opportunist in my book.
Whether there’s a catastrophe or a celebration, there’s someone being paid or making some modest profit. Funerals, weddings, sweet sixteens and graduations all use flowers, someone planning and executing for a price. As an opportunist, it becomes intuitive to see these things unfold and reap the benefits. While there isn’t a mile wide difference between exploiting and serving in many cases, there is a difference and those that serve rather than exploit as opportunists make out better over all and have long lasting results.