How to Become A Millionaire Buying Penny Stocks

How to Become A Millionaire Buying Penny Stocks

Ever since I was a kid, I wanted to learn how to become a millionaire. (Actually, I wanted Howard Hughes to adopt me.)

But as the years rolled along and I became an investor, I stumbled across the concept of buying 'Penny Stocks'.

A lot has been written on this, but I wanted to see if I couldn't explain the opportunity and how to do it from a total beginner's perspective.

Difficulty: Challenging

Instructions

Things You'll Need:

·       Money you can afford to lose.

·       Internet connection.

1.      Step 1

First, let's define what a Penny Stock is.

In layman's terms, this is a common stock that trades for less that $5 per share and typically is traded on the 'over the counter' (OTC) or outside of the major stock exchanges such as the NYSE or NASDAQ.

[According to the U.S. Securities and Exchange Commission: a penny stock is a low-priced, speculative security of a very small company, regardless of market capitalization or whether it trades on a securitized exchange (like NYSE or NASDAQ) or an "over the counter" listing service, such as the OTCBB or Pink Sheets. The terms penny stock, microcap stock, small caps, and nano caps are sometimes all used interchangeably, however per the SEC definition, penny stock status is determined by share price, not market capitalization or listing service.]

2.      Step 2

This is where a great number of fledgling companies get their start: as 'penny stock' companies.

Here's how it happens: to raise capital to get their business off the ground, a new company will offer common shares of stock in their business. Because the are unknown and most new companies fail, their initial offering can literally be valued at well under one penny per share.

In fact, I currently own two stocks that last traded at $0.0001 per share! That is the equivalent of 1 MILLION shares for $100!

SO, THIS IS HOW TO BECOME A MILLIONAIRE BUYING PENNY STOCKS:

Let's say you own 1 MILLION shares of stock at $0.0001. Then, the company really takes off and their stock increases to $1 per share. What just happened?

Then, your 1 MILLION shares would now be worth $1 MILLION DOLLARS!

3.      Step 3

OK, let's say I have you hooked. So let's get started buying penny stocks!

Besides some money to invest, you're going to need either a stock broker or an online trading account. I use Etrade.com, but there are many others like Scottrade, Charles Schwab, etc.

These online traders will require a minimum deposit and will charge you a small commission when you trade stocks (either buying or selling).

In the RESOURCE section below, I have included links to a couple of these online trading companies for your review.

4.      Step 4

Once your account is set up and you've deposited some money (you can transfer funds directly online to get started right away), you next need to decide what stocks you want to buy.

All you need to do to find ideas on stocks to buy is to Google the terms "penny stocks" or "hot penny stocks" and you'll find dozens of sites providing tips. Here's a link that I just checked out recently:

http://www.thehotpennystocks.com/

5.      Step 5

Once you've picked a stock to buy, you're all set.

The online trading system will ask you for the stock name or symbol. Then, you need to decide how many shares you wish to buy, etc. Basically, they lead you right through it.

Those are the basics!

Personally I didn't read any books beforehand, I just waded in and learned as I went. I didn't even have the weak advice that I'm providing you with!

If you would like to learn more, here's a link to a FREE online book by penny stock guru Peter Leeds titled "Understanding Penny Stocks: http://www.pennystocks.org/

6.      Step 6

Why would you gamble at buying penny stocks?? (and that's exactly what you're doing)

Well, first of all, it's fun to buy these and watch what they do. Second, there's always the chance that you'll pick one that could turn into the next Microsoft.

But, I caution you on a couple things:

1) This is like Vegas or Atlantic City, unless you can afford to lose the money, don't play the game.

2) This can be addicting! Like I said, it's basically gambling. And, it's kind of cool to say "I own 1 Million shares of XYZ Company!"

Good luck!

Please do not print this email unless it is absolutely necessary.

The information contained in this electronic message and any attachments to this message are intended for the exclusive use of the addressee(s) and may contain proprietary, confidential or privileged information. If you are not the intended recipient, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately and destroy all copies of this message and any attachments.

WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

www.wipro.com

READ MORE - How to Become A Millionaire Buying Penny Stocks

How to Prosper During a Recession

How to Prosper During a Recession

Is the economy going into a recession hurting you? If so, then you're going to suffer a lot when the economy crashes just as it did during the Great Depression of 1932. On the other hand, you can take advantage of the recession and get prosper as many average people did during the Great Depression.

Difficulty: Moderate

Instructions

Things You'll Need:

·       Open mind to learn

·       Persistence

1.      Step 1

Start saving money for emergencies and great opportunities. To do this, open a money market or high savings account at a bank to start saving money until you have enough to live off of just that money for at least 6 months (see my article on “How to Bank” for more info). This is to protect you when you lose your job as well as to have money saved up and ready to invest in great opportunities when they present themselves. Start doing this immediately!

2.      Step 2

Create various sources of income including active income, passive income, and portfolio income. Active income is from your jobs that you have to be working to earn money. Passive income is when you work on it once and still make money when you’re not working (see my article on “How to Build Passive Incomes” for more info). Portfolio income is basically your assets going up in value, which you can sell when you need it. Do not just rely simply on your day time job for income because if that’s turned off then you’re out of luck. You will simply lose your home, won’t be able to buy food or take care of your family. A suggestion would be to have 3 sources of incomes or more to be secure. Thus, build passive incomes, start a business or get another job.

3.      Step 3

Buy the fundamental needs in bulk and store it. These include food, water, shelter (house to live in), etc. These needs are the basics of human needs and people will need them no matter how the economy is doing. By having lots of food and water stored up in your home you can survive for months without worrying. Also, you may be able to sell it to other people and make a profit off of it because they’ll need it to live no matter how bad the economy is. You can rent your house space to people and profit from it during a recession. Buying in bulk will save you gas money, time, and a discount from buying in bulk as well.

4.      Step 4

Stay healthy physically, mentally, and emotionally. This is extremely important because if you’re not physically healthy you’ll get sick & have to stop working temporarily and may lose your job. You might have to spend the last of your saved money on medical expenses or worse you might not have enough money. Also, staying physically healthy will counter stress and help you think more clearly. Staying mentally healthy will help you to see great opportunities as they come by, which you can do by reading books, playing chess, etc. Staying emotionally healthy is also important because you won’t be blinded by your emotions as you are happy and positive. To do this you must have a positive attitude about life and yourself.

5.      Step 5

Keep a positive open mind to look for great opportunities to take advantage of. Some people got rich during the Great Depression by applying this strategy. This includes buying assets (stocks, businesses, real estate, precious metals, commodity, etc.) from people at a super discount price to invest in, giving people jobs at a super cheap labor cost (which your workers bring in much more value than what you pay them and it works because people are desperate for a job in order to pay their living costs), selling basic needs (food, water, shelter, etc.) at a high premium which makes you a huge profit, buying valuable goods (cars, expensive electronics, tables, etc.) at a great discount from desperate people in desperate need to resell for a whopping profit, and so many other ways. I suggest you start learning about how to invest in stocks (see my article on “How to Invest in Stocks” for more info) and real estate (see my article on “How to Invest in Real Estate” for more info) would be best. Investing when people are in fear and getting stocks or real estate at a super bargain is how you get rich and prosper during a recession. You must be cautious and know what you’re doing when investing in stocks and real estate however. Be sure to be an expert at investing in stocks or real estate before you start investing in them.

Please do not print this email unless it is absolutely necessary.

The information contained in this electronic message and any attachments to this message are intended for the exclusive use of the addressee(s) and may contain proprietary, confidential or privileged information. If you are not the intended recipient, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately and destroy all copies of this message and any attachments.

WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

www.wipro.com

READ MORE - How to Prosper During a Recession

How to Prosper During a Recession

How to Prosper During a Recession

Is the economy going into a recession hurting you? If so, then you're going to suffer a lot when the economy crashes just as it did during the Great Depression of 1932. On the other hand, you can take advantage of the recession and get prosper as many average people did during the Great Depression.

Difficulty: Moderate

Instructions

Things You'll Need:

·       Open mind to learn

·       Persistence

1.      Step 1

Start saving money for emergencies and great opportunities. To do this, open a money market or high savings account at a bank to start saving money until you have enough to live off of just that money for at least 6 months (see my article on “How to Bank” for more info). This is to protect you when you lose your job as well as to have money saved up and ready to invest in great opportunities when they present themselves. Start doing this immediately!

2.      Step 2

Create various sources of income including active income, passive income, and portfolio income. Active income is from your jobs that you have to be working to earn money. Passive income is when you work on it once and still make money when you’re not working (see my article on “How to Build Passive Incomes” for more info). Portfolio income is basically your assets going up in value, which you can sell when you need it. Do not just rely simply on your day time job for income because if that’s turned off then you’re out of luck. You will simply lose your home, won’t be able to buy food or take care of your family. A suggestion would be to have 3 sources of incomes or more to be secure. Thus, build passive incomes, start a business or get another job.

3.      Step 3

Buy the fundamental needs in bulk and store it. These include food, water, shelter (house to live in), etc. These needs are the basics of human needs and people will need them no matter how the economy is doing. By having lots of food and water stored up in your home you can survive for months without worrying. Also, you may be able to sell it to other people and make a profit off of it because they’ll need it to live no matter how bad the economy is. You can rent your house space to people and profit from it during a recession. Buying in bulk will save you gas money, time, and a discount from buying in bulk as well.

4.      Step 4

Stay healthy physically, mentally, and emotionally. This is extremely important because if you’re not physically healthy you’ll get sick & have to stop working temporarily and may lose your job. You might have to spend the last of your saved money on medical expenses or worse you might not have enough money. Also, staying physically healthy will counter stress and help you think more clearly. Staying mentally healthy will help you to see great opportunities as they come by, which you can do by reading books, playing chess, etc. Staying emotionally healthy is also important because you won’t be blinded by your emotions as you are happy and positive. To do this you must have a positive attitude about life and yourself.

5.      Step 5

Keep a positive open mind to look for great opportunities to take advantage of. Some people got rich during the Great Depression by applying this strategy. This includes buying assets (stocks, businesses, real estate, precious metals, commodity, etc.) from people at a super discount price to invest in, giving people jobs at a super cheap labor cost (which your workers bring in much more value than what you pay them and it works because people are desperate for a job in order to pay their living costs), selling basic needs (food, water, shelter, etc.) at a high premium which makes you a huge profit, buying valuable goods (cars, expensive electronics, tables, etc.) at a great discount from desperate people in desperate need to resell for a whopping profit, and so many other ways. I suggest you start learning about how to invest in stocks (see my article on “How to Invest in Stocks” for more info) and real estate (see my article on “How to Invest in Real Estate” for more info) would be best. Investing when people are in fear and getting stocks or real estate at a super bargain is how you get rich and prosper during a recession. You must be cautious and know what you’re doing when investing in stocks and real estate however. Be sure to be an expert at investing in stocks or real estate before you start investing in them.

Please do not print this email unless it is absolutely necessary.

The information contained in this electronic message and any attachments to this message are intended for the exclusive use of the addressee(s) and may contain proprietary, confidential or privileged information. If you are not the intended recipient, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately and destroy all copies of this message and any attachments.

WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

www.wipro.com

READ MORE - How to Prosper During a Recession

How to Become A Millionaire Buying Penny Stocks

How to Become A Millionaire Buying Penny Stocks

Ever since I was a kid, I wanted to learn how to become a millionaire. (Actually, I wanted Howard Hughes to adopt me.)

But as the years rolled along and I became an investor, I stumbled across the concept of buying 'Penny Stocks'.

A lot has been written on this, but I wanted to see if I couldn't explain the opportunity and how to do it from a total beginner's perspective.

Difficulty: Challenging

Instructions

Things You'll Need:

·       Money you can afford to lose.

·       Internet connection.

1.      Step 1

First, let's define what a Penny Stock is.

In layman's terms, this is a common stock that trades for less that $5 per share and typically is traded on the 'over the counter' (OTC) or outside of the major stock exchanges such as the NYSE or NASDAQ.

[According to the U.S. Securities and Exchange Commission: a penny stock is a low-priced, speculative security of a very small company, regardless of market capitalization or whether it trades on a securitized exchange (like NYSE or NASDAQ) or an "over the counter" listing service, such as the OTCBB or Pink Sheets. The terms penny stock, microcap stock, small caps, and nano caps are sometimes all used interchangeably, however per the SEC definition, penny stock status is determined by share price, not market capitalization or listing service.]

2.      Step 2

This is where a great number of fledgling companies get their start: as 'penny stock' companies.

Here's how it happens: to raise capital to get their business off the ground, a new company will offer common shares of stock in their business. Because the are unknown and most new companies fail, their initial offering can literally be valued at well under one penny per share.

In fact, I currently own two stocks that last traded at $0.0001 per share! That is the equivalent of 1 MILLION shares for $100!

SO, THIS IS HOW TO BECOME A MILLIONAIRE BUYING PENNY STOCKS:

Let's say you own 1 MILLION shares of stock at $0.0001. Then, the company really takes off and their stock increases to $1 per share. What just happened?

Then, your 1 MILLION shares would now be worth $1 MILLION DOLLARS!

3.      Step 3

OK, let's say I have you hooked. So let's get started buying penny stocks!

Besides some money to invest, you're going to need either a stock broker or an online trading account. I use Etrade.com, but there are many others like Scottrade, Charles Schwab, etc.

These online traders will require a minimum deposit and will charge you a small commission when you trade stocks (either buying or selling).

In the RESOURCE section below, I have included links to a couple of these online trading companies for your review.

4.      Step 4

Once your account is set up and you've deposited some money (you can transfer funds directly online to get started right away), you next need to decide what stocks you want to buy.

All you need to do to find ideas on stocks to buy is to Google the terms "penny stocks" or "hot penny stocks" and you'll find dozens of sites providing tips. Here's a link that I just checked out recently:

http://www.thehotpennystocks.com/

5.      Step 5

Once you've picked a stock to buy, you're all set.

The online trading system will ask you for the stock name or symbol. Then, you need to decide how many shares you wish to buy, etc. Basically, they lead you right through it.

Those are the basics!

Personally I didn't read any books beforehand, I just waded in and learned as I went. I didn't even have the weak advice that I'm providing you with!

If you would like to learn more, here's a link to a FREE online book by penny stock guru Peter Leeds titled "Understanding Penny Stocks: http://www.pennystocks.org/

6.      Step 6

Why would you gamble at buying penny stocks?? (and that's exactly what you're doing)

Well, first of all, it's fun to buy these and watch what they do. Second, there's always the chance that you'll pick one that could turn into the next Microsoft.

But, I caution you on a couple things:

1) This is like Vegas or Atlantic City, unless you can afford to lose the money, don't play the game.

2) This can be addicting! Like I said, it's basically gambling. And, it's kind of cool to say "I own 1 Million shares of XYZ Company!"

Good luck!

Please do not print this email unless it is absolutely necessary.

The information contained in this electronic message and any attachments to this message are intended for the exclusive use of the addressee(s) and may contain proprietary, confidential or privileged information. If you are not the intended recipient, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately and destroy all copies of this message and any attachments.

WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

www.wipro.com

READ MORE - How to Become A Millionaire Buying Penny Stocks

How to Keep iPod Earphones from Tangling

How to Keep iPod Earphones from Tangling

Tangled Wire

Nowadays, who does not own an iPod ? …And who does not deal with tangled earphone wire? For most of us iPod owners, entangling earphone or headphone wires have always been a pain whenever you take your iPod out of your bag or pocket. It’s really difficult to keep it organized. I have put together some suggestions below that might work for you in keeping your iPod earphones tangle-free.

Difficulty: Easy

Instructions

Things You'll Need:

·       iPod

·       Plastic Capsule

·       Coin Dose Dispenser

·       Air Tight Plastic Container

·       Credit Card and Scissor

·       Jam Jacket, Earbud Yo-Yo, Budtrap

1.      Step 1

Logitech Bluetooth Headphone

WIRELESS FREEDOM. I am a big fan of wireless technology so I have to include this in my article. If you really want complete freedom, then go get yourself one of those wireless headphones. Logitech has one of the best bluetooth behind-the-neck headphones for iPod which provide excellent sound quality. It comes with a device that you plug into the headphone jack of your iPod integrating the controls to the headphone itself. I would say this is a cool iPod accessory but comes with a price.

2.      Step 2

Proper knots will temporarily keep it organized.

ART OF TYING KNOTS. I guess everybody can relate to this step. For most of us, we simply create a knot on the headphone hoping it will stay that way until our next use. But that is not always the case, so you need to learn the art of tying knots to keep it neatly wrapped.
You can wrap the wires in a shape of “8” using your two fingers. Then tie the jack end around the middle and insert in one of the loops.
You can also wrap it around your iPod as shown in my snapshot. But keep in mind that both of these methods put strains on your earphone wire which leads to deterioration in the long run.

3.      Step 3

Air Tight Plastic

AIR TIGHT PLASTIC. You can use one of those small air tight resealable plastic containers to keep your headphones tangle-free while inside your drawer, bag, or pocket. It will protect the earphones from liquid spills but it is not sturdy enough to protect it from damage when you put it in your back pocket and sit on it. Plastic container will also not last longer so you will have to replace it from time to time.

4.      Step 4

Plastic Capsule Toy

PLASTIC CAPSULE TOY. Do you know one of those small egg-shaped plastic capsules with small toys inside that you usually get from a vending machine for your kids? Well go get yourself one of those and give away the toy. Simply create a small wrap of your headphone wire and put it inside the capsule. Now no matter what you do, it will never tangle inside the capsule. The only thing is that when you put it in your pocket, it looks like you have a little egg in there. But hey it works like charm.

5.      Step 5

Coin Dose Pill Dispenser

PILL DISPENSER. If you can get one of those coin dose dispenser, then you can use it to contain your headphones. Not only is it made of sturdy plastic, it is also sleek and can put in your pocket without worry of smashing it if you happen to sit on it on your back pocket. You may have to remove the small divider in the middle which you can easily do with scissor or cutter.

6.      Step 6

Using Credit card

IMPROVISE ON AN OLD CREDIT CARD. If you have an expired credit card or those that you receive from credit card companies when they have promos, you can put them to good use. Get a scissor and cut the card lengthwise in the middle. Round the sharp corners to avoid scratches. Cut two notches on opposite ends so you can put the earphone on one, and the jack on the other. Simply wrap the earphone wire in the middle of the card and insert earphone on one of the notches and the jack on the other notch.

7.      Step 7

Gadgets

GADGETS. There are gadgets out there that can help you with your problem. You can buy one of those Jam Jacket which is a rubber casing at the same time provides cord management. Another gadget you can buy is the Earbud Yo-Yo by which you wind your headphones up just like a yo-yo. Budtrap are also nice accessory to keep your headphone wire tangle-free, and it comes in different colors.

I hope that this article help you keep your iPod earphone from tangling. Enjoy!

Please do not print this email unless it is absolutely necessary.

The information contained in this electronic message and any attachments to this message are intended for the exclusive use of the addressee(s) and may contain proprietary, confidential or privileged information. If you are not the intended recipient, you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately and destroy all copies of this message and any attachments.

WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

www.wipro.com

READ MORE - How to Keep iPod Earphones from Tangling