Useful sites

I just wanted to post up some useful financial sites I use for research or just general knowledge.

MSN Money - http://moneycentral.msn.com/home.asp
Yahoo Finance - http://finance.yahoo.com/
Investopedia - http://www.investopedia.com/
Phil Town - http://www.philtown.typepad.com/
Rich Dad Poor Dad - http://www.richdad.com/default.aspx
Robert G. Allen - http://www.robertgallen.com/
One Minute Millionaire - http://www.oneminutemillionaire.com/

These sites offer a lot of good information that you might find useful.

Micro Penny Stocks

So I got a new idea for my 2 year old. The idea is for him to invest long term in the micro penny stocks that I trade. My thinking behind this is that if he owns say 20 companies with about $50.00 in each he would own between 1,600 and 250,000 shares of each (range of $0.0002 to $0.03).

Say if 16 of them failed completely, 4 of them would not. Say out of those 4, 1 made it to $1.00 per share, bam that is $1,600 to $250,000, then say if the other 3 made it to say $0.50 that would be another $2,400 to $375,000!

For a total of between $4,000 and $625,000! With a total input of only $1,000. But we are talking about this amount of money coming from only $200 because the other 16 companies failed for a loss of $800.

Now that is what I call return on capital! Then again this might work for him because he has 16 years to invest before he is even an adult.

Can you imagine the possibilities if he was into 60 companies instead of 20? Wow, now there is great opportunity!

Here are some of the stocks I am looking at for him to do some long term investing.

Assuming he has $50.00 in each here is how it would break down:

Franklin Mining - FMNJ ($0.0002) 250,000 shares.
Pacific Gold Corp - PCFG ($0.0029) 17,241 shares.
Green Star Energies - GSRE ($0.0013) 38,461 shares.
ParaFin Corp - PFND ($0.002) 25,000 shares.
Genova Biotherapeutics - GVBP ($0.005) 10,000 shares.
MultiCell Technologies - MCET ($0.0045) 11,111 shares.
Axia Group - AGIJ ($0.03) 1,666 shares.
Frontier Energy - FRGY ($0.0003) 166,666 shares.
International Building Technologies - INBG ($0.0002) 250,000 shares.

Now that is a start, so I will track this virtual portfolio and see how he does. (The actual stocks I invest in for him may vary)

Gold and Silver on the rise!

Gold and Silver on the rise!

What I have heard about this from many sources is that Gold may be set to go over $2000 an ounce and that Silver may hit as high as $200 an ounce.

I know that this is speculation but with the economy the way it is today and the dropping value of the dollar this does seem viable.

Also China is buying a lot of Gold and Silver and they are really pushing their citizens to invest in them also. Can you imagine if most of the people in China start buying Gold and Silver what that could do to the prices of these metals? They could really skyrocket.

I am not saying that this will happen, but a lot of research that has been done on the topic really makes sense to me.

Check out this information from Silver Seek.com

More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more - even as high as $15,000 – is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold!

Source article: http://news.silverseek.com/SilverSeek/1284915551.php

Here is some more information from Money Morning.com

Once upon a time, the Chinese government forbade ownership of all precious metals.

But now, the ban has been lifted. In fact, China just introduced silver bars for investment. And now, state-run China Central Television (CCTV) is running a campaign encouraging the population to invest in silver.

That means there are over a billion potential new silver investors hitting the market. This is especially significant when you consider the average savings rate in China is 30 to 40%.

But the flood of new Chinese silver investors isn’t the only factor driving up silver prices. The increased use of silver in everything from solar cell technology to medicine is pushing up prices as well.

Take a second to think how much of an impact this will have on the silver market – the sheer amount of people, and at such a high rate of savings. Then you factor in Chinese demand for things silver is need to make – cell phones, computer, batteries, silverware and jewelry. China’s silver consumption already accounts for 70% of the global total of industrial use and its middle class isn’t even close to reaching its spending potential. What’s more, those aren’t the only reasons analysts are predicting silver prices can reach as high as $100 this year and $250 by 2015.

Source article: http://www.moneymorning.com/publishersseries/Silver_PSSIL02101.pdf

The Milionaire Mindset

First off I would like to talk about the Millionaire Mindset. Becoming independently wealthy is possible for everyone, there is plenty to go around.
One of the first things you need to do is to take the word "Impossible" out of your vocabulary. Nothing is impossible if you put your mind to it. Through the power of suggestion, visualization, repetition and goal setting you can achieve any level of success you desire.
We will be talking about all these things at length in this blog.
Please feel free to post any comments you may have and or any information you feel may help others to attain their goals. Please do not post any ads, or links to things that make you money, these will be deleted.
Have a positive attitude set your goals high and picture yourself in your mind at the point you want to be in your life.