By Ian Thomas (Assistant Views Editor) |
November 4, 2010, 11:47 pm

Having paper in your wallet by doing little to no work has always been an attractive concept. The proof lies within the growing amount of people who have been joining the World Series of Poker since it first appeared on television. It’s only three days of work for the first prize of over eight million. When it was first televised almost ten years ago, the prime winnings were a lowly cool million. I grew towards poker during my teenage years but found out soon enough that I was no good at it and did not have the patience to dig through books and highlight sections on the practice of “reading your opponent.”
Fortunately, there’s a better option than making the yearly “business” trip to Vegas for a minimal chance at profiting: the stock market. Dow Jones and Apple are up while Yahoo suffers and I’m feeling lucky. They say bears and bulls make money. What about man? Better yet, why not anybody?
As I write this, I’m only about a month deep into studying the stock market and investing but I have an insatiable thirst to watch my money progress into more. With the aid of my trusty financial advisor, Eric, I’ll bring information to the masses on what is or is not a functioning aspect of being a new investor. Time will progress and based on my language, you, as a reader, will probably be able to tell how well or poorly my endeavors are doing. I will not, however, be giving an analysis of the market and why the time may or may not be prime to invest in so-and-so and sell because of this or that. If that’s your expectation then go watch Mad Money with Jim Cramer. It’s got the information you need and the attention-grabbing ability that’s equivalent to kids watching Dora the Explorer or Barney.
Each week I’ll discuss what I’ve learned and share information based on how I’m exploiting the market. Just don’t expect me to admit to any insider trading.
This week’s Term for Success: Time value of money. This relates to the fact that money today could be potentially worth more than the same amount in the future, primarily because it can be invested and has the extra time to grow interest. Example: A $500 savings bond at 5% per year over the course of ten years is actually worth $750. This may not seem like a lot but it is a secure investment.