I Walk Leaving 4 Footprints...
My hood sense
My book smarts
My faith of the unknown
And a good heart
What's seldom shown is the good part
Like I said
Try to bring ‘em life, but they want dead...
The hustle resumes, if only because the hustle don’t stop! So yesterday, I had to file some paperwork for a project that I have going on back home. Incidental to said project—and in no small part to my boy $peed! – I opened a new trading account. It is not my first, I have a couple, but in doing so it reminded me that I hadn’t discussed the ways of wealth building with any particularity. So, I thought that I’d take a moment to take the verse above and break it down, hustle style.
For those that don’t have a stock account, I would suggest getting one. If you are on a budget, and are unsure how much you can put in, try Sharebuilder. It is a great program with no minimum account opening requirement, you can do it all online, and you fund your account either annually, monthly, or weekly with a set amount. Once done, you will continually aquire shares of whichever company you desire. I prefer Scottrade, but there is a $500.00 minimum, and the point is to get y'all started. So how to choose a stock, you ask? Well, this is simple. Walk leaving 4 footprints...
My hood sense
What’s good in the hood? What do you and your friends use? Remember black culture is often the vanguard of trends in this country. If you had bought some stock in a small bootmaker in 1986 when you started noticing that er’body round the way needed a tree on their boots, you would be raking in the dough now. Or when er’body just HAD to get an iPod, you could have cashed in on a fruity stock. I like Tivo, if only because I am a subscriber, though when you heard that Stern was going to Sirrius—that would have been a good bet.
My book smarts
Check out the news on your company of choice. Do your research. Did they just file Chapter 11/13? [Incidentally, such things are great times to buy a stock—K–Mart was a blue light special when they filed, then Sears bought the whole kit and caboodle. Ka-ching!]
My faith of the unknown
Buy and hold. You ain’t Gordon Gekko, ride the wave.
And a good heart
This, I add because it comes in handy. Okay, so it’s poetic license. Shoot me. But seriously, try also to do positive things with a portion of your money, because capital gains taxes can be rough. Sometimes you need a charitable donation or 2 to offset it.
So, let me ask you- you got an extra “C” note lying around? Use it. You will feel better in the long run, and a lil’ bit here and there will go a long way to helping you achieve your goals. Hell, $50.00 a month is $600 by Jan 1, 2007.
My book smarts
My faith of the unknown
And a good heart
What's seldom shown is the good part
Like I said
Try to bring ‘em life, but they want dead...
The hustle resumes, if only because the hustle don’t stop! So yesterday, I had to file some paperwork for a project that I have going on back home. Incidental to said project—and in no small part to my boy $peed! – I opened a new trading account. It is not my first, I have a couple, but in doing so it reminded me that I hadn’t discussed the ways of wealth building with any particularity. So, I thought that I’d take a moment to take the verse above and break it down, hustle style.
For those that don’t have a stock account, I would suggest getting one. If you are on a budget, and are unsure how much you can put in, try Sharebuilder. It is a great program with no minimum account opening requirement, you can do it all online, and you fund your account either annually, monthly, or weekly with a set amount. Once done, you will continually aquire shares of whichever company you desire. I prefer Scottrade, but there is a $500.00 minimum, and the point is to get y'all started. So how to choose a stock, you ask? Well, this is simple. Walk leaving 4 footprints...
My hood sense
What’s good in the hood? What do you and your friends use? Remember black culture is often the vanguard of trends in this country. If you had bought some stock in a small bootmaker in 1986 when you started noticing that er’body round the way needed a tree on their boots, you would be raking in the dough now. Or when er’body just HAD to get an iPod, you could have cashed in on a fruity stock. I like Tivo, if only because I am a subscriber, though when you heard that Stern was going to Sirrius—that would have been a good bet.
My book smarts
Check out the news on your company of choice. Do your research. Did they just file Chapter 11/13? [Incidentally, such things are great times to buy a stock—K–Mart was a blue light special when they filed, then Sears bought the whole kit and caboodle. Ka-ching!]
My faith of the unknown
Buy and hold. You ain’t Gordon Gekko, ride the wave.
And a good heart
This, I add because it comes in handy. Okay, so it’s poetic license. Shoot me. But seriously, try also to do positive things with a portion of your money, because capital gains taxes can be rough. Sometimes you need a charitable donation or 2 to offset it.
So, let me ask you- you got an extra “C” note lying around? Use it. You will feel better in the long run, and a lil’ bit here and there will go a long way to helping you achieve your goals. Hell, $50.00 a month is $600 by Jan 1, 2007.
posted by Sonnyredd at 11:03 AM
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