005: What is the Wealth Formula?

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Back to Basics. What is exactly is the wealth formula again?

What are penny stocks?

What are penny stocks anyway? You always here about them but does anyone actually invest in them? Well, some do and do quite well. However, it is a very specialized area of investing and should be approached cautiously. Here’s a basic run down of how they work. Investing in penny stocks is an option many […]

What is the foreign exchange market (Forex)?

So what is the foreign exchange market (FOREX) anyway? It’s something I’ve never really tried myself, but it’s a really interesting concept and might be fun to try out if you like the game. Also, there are a whole bunch of automated forex robots that many people claim work. We might even try one out […]

Basic Finance Bootcamp Lesson 10: Introduction to 401Ks

This is the last of the official PoorDoctor.com basic finance bootcamp and we will spend it doing an introduction to 401Ks. However, this is not the last of the basic finance and investing posts. I think after this post, it is fair to say that you know at least as much as 98 percent of […]

Basic Finance Lesson 9: Classic IRAs vs Roth IRAs

The following is a very basic post on classic IRAs vs Roth IRAs. Retirement accounts can get a lot more exciting than this once you have money to put in them and, especially if you own your own business. To give you an example, while IRAs limit you to 5K per year in contributions, SEPPS […]

Basic Finance Bootcamp Lesson 8: Introduction to Mutual Funds

    There is more to mutual funds than meets the eye. I think you’ll enjoy this session of the basic finance bootcamp as I give you an introduction to mutual funds. You will want to use this post next time you’re thinking about investing in them. It will serve as a nice checklist for […]

Basic Finance Bootcamp Lesson 6: Preferred Stock

We already talked about common stock in a previous post so this is a little out of order. However, better late than never. For completeness, here is a discussion about preferred stock. Enjoy. Preferred Stock When most corporations want to raise money, they do so by borrowing money or issuing new common equity (i.e., common […]