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Penny Thots
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Reaching Your Financial Goals, One Day At A Time
Reaching Your Financial Goals, One Day At A Time

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Penny Thots's posts

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Demystifying Financial Advisors - When I was working at JPMorgan Asset Management several years ago, I once ran into LL Cool J in the elevator. He was at the bank because he was one of our clients. Running into a celebrity at my job had me on cloud 9 for about a month (and what female wouldn’t be after running into LL)! But, my interaction with LL left a lasting impression on me. I realized that when it comes to managing money, wealthy people get a financial advisor to help themselves becom...

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I Can’t Believe I Spent $1,000 on… - Want to take control of your finances once and for all? One of the easiest ways to do that, along with tracking your spending, is by understanding your motivation to spend. Many of us have financial problems due to mindless spending. If you’re not actively keeping track of where your money is going, expenses add up rather quickly. I know I’ve had my fair share of, “I spent how much on what?!” Have you found yourself living paycheck to paycheck, or have y...

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Are DJIA Declines Over? Not Likely! - The Dow Jones Industrial Average is having a great day today, which is a sharp contrast from what we’ve seen in the market as of late. Now, investors are starting to ask… Has the Dow reached the bottom? In my opinion the answer is no! In fact, I believe that declines are far from over. Today, we’ll talk about why we can expect to see a continuation of declines on the Dow Jones Industrial Average and when declines may come to an end. Why The DJIA Started...

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Is It Okay to Spoil Your Child? - A couple of years ago, my neighbor had a small party for her young son’s birthday. A friend of his, who was about 12 years old, walked up and asked my neighbor what her son had gotten from his parents for his birthday. When my neighbor told her that his gift had been a Lego set, the girl then asked, “Okay, so what was his big present?” Although that little girl is a great kid otherwise, her question was an unfortunate reminder of the expectations we set whe...

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5 Ways to Make Extra Money This Year - First of all, the title of this article is probably a little bit misleading. Of course, there is no such thing as ‘extra’ money. All money is important, and you should value every dollar that you are able to earn. However, in this context, ‘extra’ simply means money that you are able to make beyond your usual salary. If you normally earn $50,000 per year working at your regular job, and money that you make on the side beyond that could be considered ‘e...

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How To Invest When You Are Scared of The Stock Market - So far in 2016, the markets have been dropping like crazy and many investors are scared of the stock market. I’ve been watching the news and they have done a good job at adding to the fear. They showed still images of traders on the floor that had despair written all over their faces. There was a graphic in big bold red numbers and an arrow pointing down that showed how much the average 401k plan lost each day. They even used music tha...

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Trade24 Looks to Expand into the Banking Sector - Internationally respected currency trading platform, Trade24, has expressed interest in starting its own bank. What form this bank will take is anybody’s guess right now, but the news has certainly caused a stir in the financial sector. Making Waves in the Financial Sector Trade24 currently offers its customers a sophisticated trading infrastructure where currency traders can execute trades from anywhere in the world 24/7, via computers, tab...

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How You Feel About Money Might Change as You Age - My parents have been cleaning out all of my childhood stuff from their house. They keep coming across little bits here and there, and recently my dad sent me an article from my hometown newspaper when I was interviewed at age 16. The newspaper columnist asked me what one of my biggest goals was, and 16 year old me replied that I wanted to graduate from college without student loans to repay. I have no idea what made me say that or where tha...

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Will Twitter (TWTR) Fall to $10 Per Share? It’s Possible! - Twitter Inc (NASDAQ: TWTR) Twitter has had an incredibly rough time in the market over the years. In fact, since it’s record high of $69.00 per share, the stock has given up more than 75%. At this point, several experts seem to believe that TWTR is priced just right for gains. However, I beg to differ. Today, we’ll talk about why TWTR has had such a rough time in the market, whether or not it’s time to invest in the stock, and what...

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How to Break the Paycheck-to-Paycheck Cycle - Before I began paying off my debt, I was constantly reminded of the same problem – I was stuck in a cycle. No sooner did breathing room appear than it would quickly vanish into thin air. Payday came and went, with everything spoken for. I thought living paycheck-to-paycheck was normal. I saw it growing up in my home and thought everyone did it. While that’s not exactly the case, the truth isn’t far off. Consider the bleak picture these numbers p...
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