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Thursday, August 26, 2010

Buy Savings Bonds Now -Post 5- GO!

Go to your local bank and buy a U.S. Savings Bond. It's nearing the end of the month, which means that if you buy a savings bond now, you will receive the interest from the first of the month, even though you are buying it at the end. Sounds good, right? Even if you only get a $100 bond, it's still worth it! You know when your bored, and you feel like you want something new. Something great? Well rather than going to the mall and buying a new useless electronic or a really expensive piece of clothing, go and buy savings bonds. Learn to get excited over the fact that in several years, your investment will be doubled, rather than getting a quick high over your new shirt. Be proud that you are saving towards your future!

Wednesday, August 25, 2010

The best way to learn about companies in the twenty first century- Post 4- Youtube Videos

Buy Tech Stocks- Post 3- Apple

Technology is ever changing. Products are being released all the time. Some good, Some Great and some are even awful. In today's world, it almost like a roll of the dice.

The above make up the reasons why investing into technology stocks can be EXTREMELY profitable, or not.

Apple. Apple is an all around great technology company. They make great products, they are addictive, and they are ALWAYS releasing new products. Although their products are pricey, its worth every penny because there is almost always an apple store somewhere near you. Apple stands behind everything they make and are honest and upfront with you when buying a product. You can't ask for much more.

Current Stock Price : AAPL(ticker symbol) $239.07 (per share of Apple).

          This stock is extremely pricey. If you can afford it, buy it now. I believe it will hit Google prices of $500 plus in the near future. The reason I believe this is because Apple is an extremely profitable company.

Since it is highly profitable, it is also a very strong company.

Apple has the power to do what it would like with the technology industry. Well, most technology companies have the power to do what they want, but Apple is a bit different. You see, Apple has millions of Young adults praising apple.

The Ipod(I mean, you must have an ipod right? Even if you don't please keep reading) was a jackpot for Apple. You go into the apple store to get your ipod fixed or you go in to buy a new ipod every two or three years. When you step in, you see all of their products. Instantly you want them. If you are with your parents, they want a piece of all that technology as well. There you go, your parents are hooked on Apple products. Where do you go to see every product Dell or HP makes? Circuit City etc.... But in that store, you also see Apple products. Hint Hint, since Apple has it's own stores, people assume it's a great product since the company goes out of their way to show you their product. One day, when everyone decides that they want to spend the money on an Apple product, hands down, Apple will take most of the technology market into their own hands.

Apple is an overall great buy. If you can afford it, go for it. If not, then stay tuned for much more affordable technology stocks that are worth buying.

~So you ask, how will this help me double my summer money? Well if you can afford to buy Apple Stock, then you can easily double your money over the next couple years. By the way, if you plan on buying this stock, can I get your secrets on how you've made so much money over the summer? I would love to know.... just saying :). ~

Tuesday, August 24, 2010

Doubling Your Summer Money- Post 2- Schools almost here, what do I do?

Yea, so that's where I'm headed in a week. The University of Rhode Island. I'm a sophmore Landscape Architecture student (in case you didn't read my first post) there. I am so looking forward to it. Alright...let me start getting to the point.

I am going to explain my point twice, YOU choose which one fits you best.

A) Since I'm a sophmore, and I'm nineteen years old, I have personally been saving up since I was much younger. At fourteen, I stopped spending every penny I would get, and started to save up by opening my first personal bank account (with a cosigner-my parents). If you are at about this age, then this is great, because let me tell you one word of advice, before talking about investment ideas. Save as much money as you can, starting today. If you are going to be paying for college, like I am, press down hard on the pedal, go to your local restaurant or pizza restaurant and get a night job on Friday's, Saturday's or Sunday's (or all three :)). I have held the same job as a busboy at the local pizzeria in my small town of Croton, NY for the past five years. I work friday and saturday nights (only summers during college). For this post, you should realize that your main concern for now is to get a job, or job(s) during the school year. I would also strongly recommend that the job is on Friday, Saturday or Sundays during the school year since risking your focus on school work is the poorest investment into your future that you could ever make. Don't make that mistake. Your education right now is worth more than the million's you will make over your lifetime.

B) If you are eighteen years or older, and you are paying for college (with student loans), then you probably have been working hard this summer (I hope). Even if you aren't paying for college, I hope you enjoyed your summer, but at the same time worked hard. You will definitely need money for this following year. Personally, I have worked extremely hard since I was fourteen because I knew that I wanted to go to a University away from home, and I also knew that I didn't want to have to work a lot during college, because like I said in "A)," education is the wisest investment one can make and risking it could cost me more in the long run.
If you haven't been saving, and you have to pay for college, don't give up! It's not too late to make a strong turn around. You are already ahead of the game. The only question I would have, the heck did you find this blog? You have no summer money, but your looking to double it? Um, okay, I guess you are planning for next summer! Great then, your WELL ahead of the game. Cheers....Anyways, it really is not too late. Get a night job during the school year! Being a waiter, waitress, or a busboy is a great way to make cash money (most times) and plus, you usually make more than minimum wage (after including tips). Plus you get food...for free most times :D. Any other job would work as well. Money is money.

So what should you take out of this post. No matter what position you are in. Under eighteen, or over, you should be working hard and saving money. That's the only way you will ever GROW YOUR SUMMER MONEY.

~Organization is key when investing wisely (its key in every aspect of life)~

Doubling Your Summer Money- Post 1- Introduction

Okay, so let me introduce myself. My name is Matthew Berger. I am a sophmore at The University of Rhode Island. I am studying Landscape Architecture.... Alright, so how can YOU double my summer money? Well to be honest, doubling your summer money isn't as easy as it sounds. If it was, I would be RICH right now.
This blog most likely attracted you because you were probably googling, how to double my summer money or I want to be a rich teenager or I want to be a rich young adult. Well, trust me, you've made it to the right place. You are on track to becoming a wise investor at a young age. At this point, I feel confident enough to assume you are a responsible young adult (I use young adult instead of teenager because like yourself, I am a teenager, but hate being called that) who cares about their future.
I am nineteen years old, and since I was fourteen, I have been researching techniques of how to make my summer money last and then some. If you are thinking at this point, that I already had money, and or had rich investment banker parents, your wrong. Almost all my advice that I will give over the next few years on this blog comes from my extensive research but also comes from asking millions of questions to adults, both average and rich investment banker adults. You can learn so much from adults. My first word of advice...become best friends with adults (even parents). It sounds crazy, but trust me on this one, you don't realize it at first (and neither did I) but in the future (and I have realized this after trying it out) you will see how much you have learned from asking questions, or simply conversing with an adult or a fellow parent of a friend.
Once again, you ask, okay, so what does this have to do with doubling my freaking summer money? My answer to you is, "jeez, its 1:34 a.m., on August 25, 2010 and I leave for college in a week. I'm tired. This was just an introduction to my daily posts about stocks to watch out for, tips for investing, what to invest into (mutual funds, ROTH IRA) and other intelligent investment moves for young adults to make. EVEN the positives of working insanely hard towards a goal, even it means missing out on going to parties because you are just so tired from working 80+ hours that week. So on that note, we shall start fresh tomorrow with some useful investment ideas.