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I have been trading at NSE but not with much success. I want to know how I can make myself an expert in share trading? where I can get the best tips & best articles about trading at nse(websites or blogs ). Pl guide if you have personal experience about this.

Here are some books that yu will find helpful
What Works on Wall Street by James O’Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
Trading For a Living by Alexander Elder
Mastering the Trade” by John Caster
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Disciplined Trader by Mark Douglas

Here are some website that are useful and provide information for both the amateur and the professional.
http://moneycentral.msn.com/home.asp
http://finance.yahoo.com/
http://investorshub.advfn.com/default.aspx
http://www.thestreet.com
http://www.brokerage101.com/
http://www.1source4stocks.com/
http://www.decisionpoint.com/TAcourse/TACourseMenu.html
http://stockcharts.com/
http://www.grahaminvestor.com/
http://www.stockta.com/

Good luck, study hard and you’ll invest even better

I’m 18 and recently started a new job. I’m in my 2nd week of training and the job pays well enough that I can easily make the monthly payments on a new car. But how long do I have to hold my job before a car dealership is willing to finance me? Also, what are some tips on building and keeping a good credit score at my age?

You may want to ask a dealer what the guidelines are for length of history needed to qualify for a loan. Generally speaking it is two years, but you may have to also have a solid credit history to go with the work experience.

1) Obtain and use a credit card wisely
To start building good credit with your credit card, you will need to obtain the card, use it, and make the first payment before you will see any effect on your credit score. You may have to sign up for a “secured card” in the beginning, which means you will be required to deposit money (typically around $300) into an account controlled by the credit card company or bank in order to obtain the card. This deposit "secures" any debt you place on the card. It is a way for a creditor to take less risk when dealing with someone who has poor credit or no credit.

A secured card is just as good as any other credit card when it comes to building credit, for as with any credit card, the payment history on your secure card will be reported to the credit reporting agencies. So by making on-time payments (on-time payments are the No. 1 factor in determining a credit score) and carrying a low debt load (your debt balance-to-credit limit ratio is also a big credit score component), you will be building the history and profile that produces good credit.

Another way to build credit from scratch can include getting a low-limit retail store card or a gas card. Just be sure to pay the monthly balance in full so as to avoid the high monthly interest charges that many of these types of cards carry.

2) Review & understand your credit report
Review your credit report once a year. The higher your credit score, the better. A score below 680 usually results in a borrower being charged a higher interest rate or denied credit. If the report includes items that are inaccurate, request the report be corrected. You can receive a free copy of your credit report at AnnualCreditReport.com and the Federal Trade Commission has a terrific Web site that contains a wealth of information regarding credit reports (including how to address inaccuracies) at FTC.gov.

3) Take a loan
Another good way to build credit history is to pay off a small loan. Borrow from your bank or credit union to purchase a used car or a larger purchase, such as an appliance. Pay the loan on time and in full. Pay any student loans on time every month. (Remember: On-time payments are the No. 1 factor in determining a credit score.)

4) Build job history
A stable job history is another factor that lenders will consider when giving a loan. Creditors look at job history to understand a consumer’s stability and income.

5) Protect yourself from identity theft
Identity theft is at an all-time high, and it can destroy credit ratings. Remember that identity theft occurs both “offline,” and through the Internet. Protect yourself from unscrupulous individuals who could go through your trash, steal account numbers online or get personal information through complex “phishing” scams. Record all important financial information and account numbers in a secure place. Shred all documents that contain personal information. Never give out personal information in e-mails or in a phone call you did not initiate.

6) Create — and stick to — a budget
A good way to maintain a healthy financial lifestyle is to create — and stick to — a household budget. Many people fall into credit score disarray by spending beyond their means, building up debts, and maxing out credit cards. In budgeting, list ongoing monthly expenses (fixed expenses like rent or mortgage payments). Add variable expenses that are “must-buys” (food, gas, medicine). Leave two categories for savings and spending cash (for unexpected expenses and entertainment). Add monthly net income (the amount left after taxes and other paycheck deductions such as health insurance and 401(k) contributions). A free budget guide is available at bills.com.

Good luck as you venture forth into the world of credit, and I hope that the information I have provided helps you Find. Learn. Save.

Best,

Bill

Bills.com

I just started a small online Crafts store and need advice in how I can set up something in Excel or anything else to keep track of Finances, Inventory, bills, etc (IN AN ORGANIZE WAY)
Thanks

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After reading several personal finance books, I’ve decided I want to start putting away about $600 a month into index funds. Where do I start? If I need access to the money (down on a house, for example) how long until I can access it?

You need to hook up with Fidelity, Vanguard, or an online etrade like account. You are looking for no load funds, these places don’t charge sales commissions. I like Fidelity better than anyone but Vanguard is good as well. I would recommend against the index fund though. Here is why, Lets say you have an index fund that invests in the S&P 500 index. You bought this back in June of 07, you continue to put your 600 per month in. As time goes on, it goes lower and lower and lower. As you look at the fund, you are wondering why this is happening.

Lets take the case of Bear Stearns: June-Aug 07 trades at $170-180 per share, now at $10.40 (approx.) per share. Would you personally invest in Bear Stearns, probably not. But your index fund has no choice! As long as Bear Stearns is in the S&P 500, your index fund can not sell it. That is the danger in index funds. When a 5 star stock becomes a booger, they can’t get rid of it.

I would go with no load freedom funds (target retirement date funds) to start. These automatically spread you out among the style box categories. Once you have built up 6 months of your income in this. I would branch out, try specialty funds, a little more foreign, or even individual stocks.

As for accessing the funds, as long as you go no load, you have immediate access to it, though you need to check for short term trading fees (some are as long as 30 days).

I hope this helps

This question was in my Bisness and personal finances book & personally i have no idea how to answer this question. Its a question of opinion….

Certainly some of the economy is based on private enterprise, like privately held companies or individual small business people. But to say our whole economy is private would be very inaccurate, A lot of companies, corporations or whatever their structure may be are publicly held thru stocks. Also many will say we have free enterprise and thats true to a certain extent, but by no means is the USA economy a true free enterprise system, simply look at the companies, farmers, entities receiving subsidies while their competition operates as free enterprise. True free enterprise would be all companies, entities operating on a level playing field.

I am considering writing high-quality PLR articles on the topics of real estate (including commercial RE) and finance, as these are my fields of expertise. I also have a writing background. Is there enough demand for high quality PLR articles (as opposed to cheap bulk articles)? I’m thinking of selling packs of 8 with a limit of 150 or so?

In a word, yes. There is a huge demand high-quality PLR articles in an virtually unlimited number of niches, including real estate. Selling PLR content can be lucrative if you’re willing to put in the time to create it and the patience to allow your PLR business to build. Selling PLR isn’t an overnight cash machine at the beginning, but once you’ve been a solid reputation of providing quality content, you can literally make thousands of dollars every few days.

I’ve been writing PLR content for a couple months now and am just now starting to see income from in. Patience is key, as is knowing the niches you want to write for, either through personal experience (which you have) or research.

If it’s something you know and enjoy writing about, I say go for it. The time & cost requirement to get started isn’t huge, so the risk is minimal.

Do we follow different saving and investment habits?

My mom and grandma always emphasized on saving, while my dad encouraged investing. My dad & ex husband had serious financial ups and downs (they both have their own architectural firm), while my mom moved up very slowly with stability (working as a chemist and waiting for promotions & raises while saving every month). I have observed similar patterns with others around me, so I’m wondering if gender affects money management?
Vintner: I agree that the other factors you mentioned are important too.
Kendrick: Great link. Thanks.

Definitely. I think men and women tackle this matter differently. Men tend to be drawn to higher risk investments and women the opposite. There are exceptions to this, but this seems the general pattern.
Of course, other factors will affect one’s financial preferences. I think many people also pay attention to what has worked for their parents/elders and take that into consideration.
Good question. 😉

I teach "Life Skills and Personal Finance" to high school seniors. I want to come up with a good list of "skills" that I can teach these young men and women before they are off on their own. Some of what we already cover includes:
● Banking
● Resume & Cover Letters
● Basic Budgets
● Spreadsheets (Excel)
● The Expenses of a Child

What other things can I include? Thanks!

Credit management, utility companies; how they work, apartment management people; how they work, introduction to tax returns and with holdings, inter net scams, interview skills, an over view of the challenges of caring for an elderly parent/child with disabilities. I’m sure I could come up with more, but this is all I can think of right now.

It’s a good thing teaching the youngsters life skills. The world is complicated and cruel if you don’t know what’s going on.

I asked what you all thought would be scarier, being homeless or young & pregnant. 99% of you said homeless. Now suppose a young girl was in that "scary" homeless predicament, but dug herself out of it in a relatively short period of time, by working hard, being innovative, budgeting, reading up on budgeting & personal finances, and really turned her life around in about a year? And suppose this same self-sufficient hard worker then got pregnant(unmarried)? Do you think she would be most likely very capable of taking care of a baby, since she’d obviously faced & conquered bigger obstacles before? Or, do you think her homeless experiences would deem her to be "worse" than most other moms-to-be, since perhaps her homeless experiences might have psychologically scarred her a little? Or perhaps if she became homeless before, maybe she’s more prone to become homeless again?
Either way, how do you think one’s past homeless experience(s) affects how capable of a parent/provider she might be?
Just to clarify: The "pregnant girl" that I wrote about in this (completely hypothetical) situation would no longer be homeless. She used to be homeless but worked hard to pull herself upward and now has her own apartment.

By the way: I’m not pregnant, nor is anyone that I know that used to be homeless. This is a hypothetical "thinking" type of question. But the feedback is very important to me.
Note: Sometimes even precautions/contraception doesn’t work. In my scenario, the condom broke and then the emergency contraceptive pill didn’t work either. True story too by the way.

If she was able to pull herself out of a homeless situation, and set herself up for success, I think she would be very capable of caring for an infant.

I lost money in the money market and I know that there is someone that you can contact regarding your loss, I have tried to find out from several sources only to be led in the wrong direction.
I have seen advertisement regarding this matter and I have researched this only to find out that this advertisement was not for the state of Alabama but was for other states, I have also tried contacting some of the Money Management Companies here in my city but it seems that no one know ‘s who I need to contact.
I know for a fact that the people who took such a loss in the money market are getting some of their funds back due to the companies that were handling the stocks and fund’s did not have their clients best interest at heart and many people lost a lot of money because of the improper handling of the funds by their investors. I am trying to help my husband out with this due to it was his money that was lost and he is only wanting what is rightfully his. Help him if you can, Please!

If fraud is involved – this would be something to discuss with the Securities & Exchange Commission (SEC)