Thursday, March 25, 2010

Smart Money Management

To manage your money wisely, it is good to invest in some money instruments and let it grow quicker compared to just leaving it in the bank. There are government bonds to buy with higher returns yet with low risks or guaranteed capital. To be rich quicker, you need to make your money work for you by making it grow faster. Some people are made millionaires investing in the stock market while many others are burnt. To make money in the stock market like Warren Buffett, you need to buy low and sell high. For this to happen, buy when there is a recession, bad news, panic selling, etc and sell when there is bull run. You can also calculate the intrinsic value of the company to know when to hold on and when to let go in the stock market.

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