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Making Cents of Your Money

The Ins and Outs of Stock Trading

When you start out in investing or trading, basic concepts can sometimes take getting used to. The world of financial machinations doesn’t work the same way as a lot of other industries or businesses in the world do.

Learning how to trade stocks can be an ordeal. But the skills that you develop and the respect for the world of finance that you build can be essential as you look to build real, generational wealth for you and your family. Just like the spread used in sports betting, the difference between the bid price and the ask price in stocks can be incredibly consequential.…

How to Make Real Money Online

Are you looking for another means of making money besides your day job? Or perhaps you are tired of your day job and looking for something new? If any of these fits you than you might consider looking online to make money. First off, do you think you have what it takes to make money online? According to an article on Forbes, it is not as easy as you may think making money online. Depending what you are thinking about doing online, there is a lot of competition. But don’t fret, there are plenty of ways you can make real money online even with all the other competition.…

What Is a Limited Liability Company Entity Type?

Starting a business is a significant endeavor. The business structure you choose has numerous consequences, including the extent of your personal liability and how you’ll pay taxes. You may be thinking about forming a limited liability company (LLC). Before you file all the paperwork, here are some things you should know about starting and operating an LLC.

Definition of an LLC 

An LLC is a corporate entity that combines the benefits of a corporation and a partnership. LLCs have the personal liability protections of corporations and the taxation flexibility of partnerships. An LLC can have one or multiple members.

Limited Liability Protections

One of the most attractive features of an LLC is the fact it protects members from personal liability.…

How Will The Trump Tax Plan Affect The Middle Class?

 

Republicans in Congress and President Trump have touted that their tax reform legislation will give middle-class Americans in the U.S. significant tax relief. However, there is no clear definition of an American middle-class family. An American’s average yearly income is not the only indicator that determines whether someone falls in the middle-class category. So, the question is, what really defines a person as middle class and will the tax reform legislation help or hurt Americans.

What is Middle Class?

Aside from how much money you earn, your location can determine whether you are considered middle class. Think about this, the value of a dollar goes much further in New Mexico than it does in Massachusetts.…

The Art of Trading Penny Stocks

Penny stocks do not actually cost a penny. Not when you are talking about penny stocks that a day trader would want. Day traders are looking at penny stocks that cost anywhere from $2 to $10 per share. When day traders talk about penny stocks, they are talking about cheap stocks that are traded on the NYSE or the NASDAQ. Those exchanges require your share price to be above $1 per share.

Many traders believe that they can jump into penny stocks and make money right away. But in practice, it is much harder than it looks to make real money from penny stocks.…