Sep 02
2010
August’s Best of FIRE Finance - 2010
Filed Under (Investor News) by Admin on 02-09-2010
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
RetroAugust: Today we present our best posts from August. Before that a little about August’s majestic history :). As per the Gregorian Calendar, August is the eighth month of the year. It was originally named Sextilis in Latin, because it was the sixth month in the ancient Roman calendar, which started in March about 750 BC under Romulus.
When King Numa Pompilius added January and February to the…
Aug 04, 2010: Identity Theft is a serious crime which is growing by leaps and bounds. In this electronic world where millions of e-transactions take place in the world of finance every day, identity theft has become a lucrative profession for phishers.
Aug 02, 2010: We received a letter in the mail which had a check and a notification. It said that we’d won a foreign lottery! So far so good, after all who does not like free money especially lotteries. The next step was to deposit the check but there was a catch which raised our suspicion. We’re told to keep the portion representing our winning and wire transfer $3000 back to cover the taxes so that we could collect the rest of our winnings! 
Investing is a great way to become familiar with the financial markets. By starting up an investment account, you will begin to understand how the global markets work. The more you understand the greater the probability that you will earn money instead of losing it. Investing is not a sure bet, so if you think that it is an automatic 10% return you are a bit mistaken. There are times when markets do rise; sometimes even more than 10% a year depending on the time frame you are looking at. 
When first starting out, deposit the minimum required by your broker so that you will not be tempted to invest all your money into stocks. Starting out small and adding more money over time as you feel more comfortable is the best approach to investing. I recommend starting out by buying mutual funds that are offered by your broker. This type of investment is perfect for those who have just opened up a new account. It allows you to buy into a basket of stocks that have a professional money manager monitoring them. You will still have to do some research and learn what companies comprise the various funds available. From the research you can learn about the various market sectors and industries that make up the markets. The breakdown of what companies are in what market sectors will help you understand who the main competitors to the business are. You can then choose funds that have the companies that you believe are the best in their sector. 
Jul 28, 2010: It’s that time of the year when we are needed to renew our cars’ registrations and our driving licenses. We were trying to figure out how to go about doing the tasks online. At DMV’s website we found that the rules vary from state to state. So we had to dig on a little further.