You are richer than you think

Global Rich list can help you put things in proper perspective.

If your annual income is $50,000.00 you are in the top 0.98% richest person in the world with only 59,029,289 people richer than you, and if we assume the World population to be 6,000,000,000 (6 Billion) that means that there are 5,940,970,711 persons poorer than you.

Makes you think

Written by Carlos on April 27th, 2007 with 1 comment.
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Start investing with just $100

I ran into this article today, The author says that you to can become an investor for as little as $100.00, he makes some good points on how to choose the investments, but then he goes on to recommend you buy ETFs for as little as $4.00 using Sharebuilder.

If you follow his advice you will probably make Money, but not as much as you could. The problem with this is that if you invest $100.00 and pay $4.00 in commission you are already 4% in the hole. your $100.00 is now $96.00 and it will take you make 4.16% before you are back to the original $100. (Yes 4.16% Math is funny that way, 4% of 100 = 96. But you need make 4.16% of $96 to get $100) so if you Investment makes 10% return the first year your total return will only be 5.6% since the commissions ate the rest of you money away.
Also the article incorrectly states that Mutual Funds are not an option for Investors with small sums.

(If you have $10,000 or more to invest, you’re better off buying mutual funds that track the same indexes as the ETFs listed below. There are no commissions for buying and selling fund shares at many discount brokerages. Funds aren’t an option for investors with small sums to invest because of the funds’ minimum purchase requirements, typically $2,500 or more, although these are often much lower for IRA accounts.)

There are a few mutual fund companies that allow you to invest in small ammounts,for example T Rowe Price and TIAA-CREF allow you to invest as little as $50.00 a month. (no initial minimum balance required but you do need to make a monthly purchase) And they offer a wide variety of mutual fund choices,from very conservative investment to more aggressive investments.
More information on this can be found in this article Only Have $50 a Month? So What, Start Investing! by Jonathan over at My Money Blog.

Written by Carlos on April 25th, 2007 with no comments.
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Inspiration

I’ve been looking for a new project to try on my spare time. And I figured a blog would be a good idea. It would give me an opportunity to share some ideas, keep in touch with friends (and maybe even release a little steam).

The other day I was having dinner with my wife at Red Robin and I mentioned that I was having a hard time coming up with name for this site, and how excited I was to actually start doing. She said “Don’t worry, You’ll think of something”,

As we were leaving the restaurant I saw a sign that said “our word is Unbridled”, I quickly realized the name I what I looking for.

My Unbridled Enthusiasm

I hope this will be good start.

Written by Carlos on April 21st, 2007 with no comments.
Read more articles on Books and Entrepreneurship and Software Development and Just for Fun and Personal Finance and Personal Growth and Uncategorized.