Hi all, I know my last blog was pretty intense but I want you to see what I am talking about. After my friend had brought up the information about taxes and penny stocks, I began to research about the validity of the statement. I took the amount of money in which I have currently EARNED, and I have figured out that I will have to pay a rather large amount of taxes as well. It didn't seem right. I calculated it over and over, I invested in my penny stocks, traded for myself, why are they taking this much. I made all the decisions, yet reap minimal reward. I think its ridiculous.
I wish the government who are just "trust-fund babys" themselves, whom only went to the schools they attended and recieved the jobs they did because of who their family knows, could come down to the real world and see that their decisions affect millions of people. Millions of people depend on these figure heads for help and that is nothing but sad. The only way to succeed in todays world is to do for yourself.
Building wealth is not some formula that you can follow or maybe it is? I want you to think about something. More millionaires will be made during this recession then ever before. Do you realize what this means? It means, be on the right side of the spill. Be on the side that buys into the economy and watch your stocks soar to record highs and then when you see that downtrend sell. Houses are down in prices, buy now. When the house market increases, sell! Penny stocks are the best investment, more huge corporations are going to be emerging in the next ten years, taking over the stock market and growing in ridiculous fashion. Google was once a penny stock and now sells within an everyday range of $400-$600. Are you kidding me? $100,000 a year, please, I want One billion! And the funny thing is, if your reading this and saying $100,000 per year is great, you've given up the fight. You could be a millionaire, think about it.
Thursday, October 1, 2009
Where Is My Money? No, But Seriously?
Now I know I posted about how you can utilize penny stocks to ensure wealth before, yet I want to share a discussion I had with my friend the other day. Now I am a kid who grew up with little, my father worked a normal job alongside my mother probably clearing, after taxes, $90,000, and I know the value of a dollar. My friend on the other hand is a "trust-fund baby". So we were talking and he invested 25,000 dollars within a couple of penny stocks, me, I started small. One of the penny stocks in which we invested in sky rocketed. It went up 120%, making him around 30,000 and he started to complain about how much money he was going to have to give up for taxes. Now as we started getting into it he started talking about how he earned it in a "free-market capitalist system", "why should I give the money to the government if I earned it", he told me. And me being a kid who didn't have much growing up in a family of five coming from the Ukraine started to think about it. It doesn't make sense. Why? I came here to make money, to strive to be at the top of an empire in which I built just as past great Americans did, to name one Rockefellar. He was a free-market capatilast and built this country. He gave us the industrial revolution. Now what are we?
Socialist! The government becomes involvd with any issue. They make taxes which are erronious especially withion richer areas. Oh yeah, you can work for the dream, but be aware of the consequences in which ensue. Higher income taxes, property taxes, capital gains taxes, and be preapared for the coming of the end of social security. This is a government run agaency that could barely handle running the post office before they had to make it a civil job when they incurred "complications". And now they want to run my health care, a little fishy to me. Would you hire the worst company you saw because their price is cheaper, if so, choose the government for this position because their system will turn just as social security did, and the postal service. See a trend, if you were watching a stock performing like our government, you would sell and be concerned about how much money you had lost and what made you think of this terrible investment.
Socialist! The government becomes involvd with any issue. They make taxes which are erronious especially withion richer areas. Oh yeah, you can work for the dream, but be aware of the consequences in which ensue. Higher income taxes, property taxes, capital gains taxes, and be preapared for the coming of the end of social security. This is a government run agaency that could barely handle running the post office before they had to make it a civil job when they incurred "complications". And now they want to run my health care, a little fishy to me. Would you hire the worst company you saw because their price is cheaper, if so, choose the government for this position because their system will turn just as social security did, and the postal service. See a trend, if you were watching a stock performing like our government, you would sell and be concerned about how much money you had lost and what made you think of this terrible investment.
Penny Stocks Build Wealth
All right, so everyone wants to get rich, but how? I know what your thinking. I am young, I have to pay for college, I have bills, I can't possibly get rich this young, can I? The answer is yes, but maybe not like Bill Gates but you can absolutely lay the pavement for a smooth road ahead instead of a rocky trail.It has been proven by many that the best way to make money, is let your money work for you, not you work for your money. I know you all have seen it personally some how, some common guy with a common job working from paycheck to paycheck when the more hours he works it seems like the less he is getting. I look at these people and realize that hard work is not the answer, I would never want to work half as hard as my father for even double the money he was making.
Penny stocks are the answer to some people, mostly young. It requires minimal investment, it will let you see how the market works, and may even give you that wealth in which I described. The percentage change in stock price is drastic within penny stocks, and it is not uncommon to see 100% changes on certain hot penny stocks. If one invested 10,000 dollars right now within the stock market, especially while it has been suffering 10,000 dollars if their stock went from one cent to two cents. With the knowledge one can obtain through this experience, one should gain enough experience with investing to feel comfortable to roll the dice with larger more risky investments such as stocks, bonds, etc.. Don't be too excited if you start to make money, the government may take a larger chunk from your gains than you think, but i'll talk about this within my next blog.
Penny stocks are the answer to some people, mostly young. It requires minimal investment, it will let you see how the market works, and may even give you that wealth in which I described. The percentage change in stock price is drastic within penny stocks, and it is not uncommon to see 100% changes on certain hot penny stocks. If one invested 10,000 dollars right now within the stock market, especially while it has been suffering 10,000 dollars if their stock went from one cent to two cents. With the knowledge one can obtain through this experience, one should gain enough experience with investing to feel comfortable to roll the dice with larger more risky investments such as stocks, bonds, etc.. Don't be too excited if you start to make money, the government may take a larger chunk from your gains than you think, but i'll talk about this within my next blog.
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