Your Questions About Quick Money Making Stocks

Betty asks…

Is better trades.com a gimmick or a true way to make fast cash in your investments?

I want to invest in small cap companies that are growing. But I’m a fossil when it comes to getting started, better trades says It’s easy. I don’t like to throw away my money but I have an idea on what commodeties will be useful. Any suggestions gladly appreciated. Many Thanks.

John answers:

Before you spend any money on Better Trades or others like them, try doing it on your own.

Here are some websites that you should look at
http://moneycentral.msn.com/home.asp
http://finance.yahoo.com/
http://www.investors.com/?tn=top

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it

Here are some other sites
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/

Don’t believe that there are any get rich quick programs out there, the holy grail is not there.

Do it the old fashioned way – study
If you like reading, here’s some books to look at
What Works on Wall Street by James O’Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
The Warren Buffett Way by Robert Hagstrom
Trading For a Living by Alexander Elder
Mastering the Trade” by John Caster
How to Make Money in Stocks” by William O’Neil
The Disciplined Trader by Mark Douglas

Good luck

James asks…

How can I make some quick and easy money?

I’m 13 and I’m trying to figure out a way to make some money. Don’t suggest news paper routes, or mowing lawns cuz I’ve tried that and it didn’t work out well. Thanks:)

John answers:

Unless you win the lottery or get an inheritance or play the stock market and get lucky,

there is No other way…

Mandy asks…

What are some Quick ways of making money like investing in Tax Liens?

I was hearing about how tax liens are a good investment can someone explain and fill me in on how to make money on that? ALSO ANY OTHER WAYS like that

John answers:

Everyone wants to make money. But tax liens is one of the best ways, not necessarily the quickest way.

Now how do you buy tax liens? First, let’s realize something, typing up about how to earn money with tax liens requires a book rather than a short answer form. But I’ll try to shine the path for you so you know how to get your answers.

1. Tax liens are created when property taxes are not paid.

2. The best states are Illinois, Florida, Arizona, Indiana, etc. They are usually 16% return and above (if you can get the bid).

3. Some counties are putting their tax lien sales online so you don’t have to go to a physical location.

4. There are traps in tax liens. You could end up owning a piece of dirt in some cases that’s worthless because it’s on a toxic dump. Or it could be a swamp land that NO ONE will pay for so you’ll never get your money back. Or you will get bankrupt owners or an IRS lien and never get your money back.

5. Or you could get a lot of money much more than stock markets can offer.

6. The easiest way to learn about tax liens is through a video course or through a book. My favorite book on the subject is:

Complete Guide to Real Estate Tax Liens and Foreclosure
Deeds: Learn in 7 Days [ISBN 0978834682] by Don Sausa

There’s also web sites available for tax lien research:

http://www.InvestingWithoutLosing.com

Paul asks…

Are there any legitimate work from home jobs that makes decent money?

I just recently lost my job and I have a child. I need to make some money to take care of us.

John answers:

Hi I work from home for a legit company that has just been made available internationally, so the market is still HUGE.

It’s a great, reliable and healthy way to make an additional income, or more, depending on how you work. This could be something for you too.

What I like about it is that I can work online or offline, don’t need to manage a stock and the product does help me. Our compensation plan is unique, and you can earn really big if you put your heart into the business. It’s not a get rich quick scheme, and you will need to stay consistent if you want to see results, but what’s great is that you will get help to get you started.

You can send me an email at hina.deane@gmail.com if you’d like me to send you more info or you can visit my blog at http://workwithhina.com/want-to-work-directly-with-hina

Regards,

Hina Deane

Richard asks…

What is the quickest and most legal way for a teen to make money?

Someone stole my ps3, and I need to get money to get a new one.

John answers:

Mowing lawns. My neighbor is old so sometimes the kids of the neighborhood keep up his garden he no longer can take care of. Babysitting. In the summer, caddy (this makes the most money). Garage/yard sales. Buying things at good will and dollar stores can help you save money along the way. Depending on your age, you can also be a cashier or work at a movie theater, stock shelves, be a greeter, a dog walker, or a waiter.
Good luck 🙂

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