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Want to Learn How to Invest in Penny Stocks?


You’ve probably heard about trading penny stocks. If you’re not familiar with stock trading, though, understanding how penny stocks get traded can be a bit confusing. With a thorough understanding, trading penny stocks can serve as a viable way to supplement your income. If you become good at trading them, you may even wish to put your day-time career to the side and focus solely on trading penny stocks. There are several ways to learn about trading these types of stocks, including through research and by getting a mentor.

Penny Stocks Are for Beginners

Image via Flickr by yatoobin

The first way to learn about penny stocks is to have a thorough understanding of the fact that they are for beginners. After all, if you’re new to trading, you don’t want to go big by trading stocks worth thousands of dollars. A penny stock is any stock that gets traded for less than $5 per share. Ideally, since you’re a beginner, you will keep your trading to stocks that trade for under $1 per share. This not only minimizes your loss potential, but it also reduces the upfront investment you have to make.

Do Online Research

The second way to learn about penny stocks is to do online research. There are literally hundreds of thousands of online resources you can use to build your knowledge on learning how to invest in penny stocks. You can read blogs, join groups on social media that focus on penny stock trading, and even sign up for webinars.

It is essential that you have good research skills when trading penny stocks. You will have to perform research on a daily basis to determine which stocks are worth investing in and when to sell them. Although most penny stock traders take a loss on their trades, you don’t have to be one of them. You will lose from time to time, but if you take the time to do thorough research, you can obtain a profit on the majority of your trades.

Take an Online Course

There are online courses that you can take that will sharpen your penny stock trading skills. Some courses are available for free, but the ones that are truly worth taking are going to cost a fee. In fact, some of them cost thousands of dollars. But the truth is, the knowledge you learn in one of these courses could be the determining the factor in how well you become at trading penny stocks.

Get a Mentor

Lastly, to learn about penny stocks, you should consider acquiring a mentor. This mentor will likely charge a fee for his or her service, but the benefits are numerous. Always choose a mentor who has done exceptionally well at trading penny stocks. Also, keep in mind that this person is there to answer any of your questions. If you don’t understand something, don’t be afraid to ask for an explanation.

A lot of penny stock traders fail miserably because they don’t understand the fundamental basics of stock trading. By taking the time to research and get a mentor, you can be well on your way to becoming a successful penny stock trader.

How to Remodel Your House on a Budget


Remodeling or renovating your home is one of those dream-come-true projects. You spend a lot of time dreaming about updating your kitchen or bathroom because it seems super expensive to renovate or remodel.

Whether you just want your home to have a fresh look or you want to sell, remodeling your home doesn’t have to bust your budget. By doing the following tips, you will make your house more comfortable to live in, increase market value and save money.

Understand What Needs Renovating or Remodeling

Set a Budget for Your Remodel or Renovation

A budget is just a lump sum of money you put aside to remodel. It doesn’t have to be a huge sum. Just enough to make sure you can get the type of things you need when you are in the process of changing the space in your home.

Clean Before Making Changes

No one is saying your house is a mess. This is a tip for everyone. It is best to put things where they belong so that you have the opportunity to see things are currently arranged. After you clean, try to rearrange furniture. Maybe you can choose a better location to place items that is more pleasing to the eye.

Getting rid of all the clutter also makes a space look bigger compared to when everything is crammed in one area. You can save even more items to another room. This tip requires sweat equity and no money.

Make a List and Think Small First

Once you’ve cleaned your home, the next step to saving money is to consider changes that will make the greatest impact first. These should be things that give you the most bang for your money, like changing lighting, painting and installing a different floor. Making some minor changes may be what your home needs instead of a remodel.

The next step is to continue to think small. Small renovations can have a huge impact, too. Invest in changing cabinet hardware in the kitchen instead of replacing the cabinets. Add a drawer organizer instead of installing new drawers. Repair worn items that still function instead of replacing them. It helps to change a rug in the bathroom rather than changing the tiled floor.

Do Some of the Remodeling Yourself

One of the best ways to save money while remodeling is to do some stuff yourself. If you have the skills to do it yourself, you save a lot more money than hiring someone to do the work for you. Always make sure the project is something you can do without causing any damage or encountering any complications.

Use Creativity to Save Money

When you start remodeling your home, it’s time to get creative. This means you look for the most obvious ways to save money on your projects. One example is bartering and trading. If you have friends experienced in remodeling, ask them to trade or barter. Negotiate the a trade such as installing a sink for babysitting, running errands for them or cooking.

Borrow or Rent Tools

This will save a lot of money. Libraries now lend tools. There are a lot of places that rent tools to non-contractors too. Always look at second-hand rehabs for materials. Places like Habitat For Humanity Restore has a lot of second hand material that fits well with today’s decor. Restores also sell gently used and new items for the home like home accessories, appliances and building materials.

Compare Service and Material Costs at Other Stores

Before you buy anything new, shop around. Prices vary tremendously for certain items such as tables and cabinets. Thus, it’s a good idea to try to get quality services and materials at reasonable prices. You could even wait until late Fall to remodel; home improvement products and services go on sale in November. You also want to look at the clearance section to find great deals on quality materials. No one will know unless you tell them how much it costs.

Don’t Buy What You Don’t Need

When shopping for materials, you’ll find a lot of special features and other items. These things will always look attractive, but they won’t be what you need. For example, you may find a great deal on windows, but you don’t have the budget or need for new windows. Resist buying needless items. You’ll thank yourself later.

Consider Money-Saving Companies and Programs

The last tip involves government programs. Look for companies and government programs that can save you money. For example, a government program may allow you to get a rebate for turning in your old refrigerator or tax credit for making energy improvements.