Buy Stocks at the Bottom of the Spread

If you are interested in buying a stock, you need to check the stock's 52-week high and low before you risk your principal investment. You may think that this data is insignificant, but the spread between a stock's 52-week high and low does have meaning. If a stock's 52-week high price is $100, and the stock's 52-week low price is $99, this means that you are going to pay only $1 less per share than the highest price the stock has reached during the past year. 

When you shop for items in your local grocery store, you try to buy food, toilet paper, paper towels, soap, laundry detergent, Earl Grey tea, coffee, orange juice, milk, cheese, yogurt and soup at sale prices. The same basic rule applies to investing. If you pay too much money for a stock, you run the risk of losing a larger percentage of your initial investment. Some people may argue that the stock might continue to rise while you sit in the wings refusing to participate in the stock market. While this philosophy may hold some truth, the majority of  financial experts believe that buying low and selling high is the safest strategy.

Frugality Will Not Make You Rich

Count Your Blessings

Can frugality make you rich? The time-tested art of frugality, or saving money by cutting all obvious corners, can certainly help anyone experiencing a personal economic crisis, but hyper-frugality is carrying frugality to an extreme that is almost laughable.

If you find yourself saving used pieces of tin foil after you used them in your oven, or you have a nasty habit of buying the unhealthiest food you can possibly find just because it's cheap, then you are practicing the dangerous art of hyper-frugality, and hyper-frugality is carrying frugality to the extreme.

Can hyper-frugality make you rich? By the example many wealthy people give, you would think this to be the case. However, the fact of the matter is that even though hyper-frugality will enable you to save more money each month, being hyper-frugal will definitely not make you rich.

Investing in stocks or mutual funds might help you to get rich, but if you don't invest wisely, you could literally lose every single penny you currently own. Don't invest any money you can't afford to lose. If you can afford to lose some money, do your research before investing any of your hard earned dollars.

If you learn the knack of buying low and selling high, and you are capable of not going into an emotional selling frenzy every time the stock market goes down, you actually could become a successful investor, and add extra money to your savings account.

Although many people seek financial wealth, being wealthy is not necessarily the most wonderful thing that can happen to a person. For some people, having too much money becomes an almost unbearable burden. Philanthropists enjoy giving money away, and this act of unselfish kindness is to the benefit of all lucky recipients.

It is far better to count your blessings instead of money. Blessings are free gifts from God, don't cost a cent, and help to make a person's life, both inner and outer, richer in the truest sense of the word.

My Related Awarded Answers on WebAnswers:

Can hyper-frugality make you rich?

Why do you have to earn more money than whatever is required ?

Stock Market Jobs Data Causes Index To Fall 1%

The US Stock Market Index fell 1% at the open on Friday, June 4 due to disappointing employment jobs growth news for the month of May.

The Dow Jones Industrial Average opened at -147.50 points bringing the Dow level down to 10, 097.78. The Nasdaq Composite Index was at -43.96 points, bringing the Nasdaq level down to 2,259.07.

Obama Presses Senate To Pass Financial Reform

Obama is urging the United States Senate to pass the Financial Reform Bill quickly. "In his weekly address Saturday, he characterized the bill as representing 'the strongest consumer financial protections in history.' Mr. Obama says the legislation will stop predatory business practices and make sure both large and small banks are subject to tough oversight." {1}


On the other hand, Republican Congressman Chris Lee "urged Mr. Obama to, in Lee's words, 'really listen' to what Americans are saying about the economy."


{1} Obama Urges US Senate To Pass Financial Reform 


Is President Obama, possibly the most liberal U.S. President in the History of America, really listening to what Americans are saying about the economy? Is Obama really listening to what Americans are saying about anything going on in America? Does Obama even have a clue about what Americans think? Most importantly, does Obama care about America and Americans, or does Obama simply intend to accomplish everything he can to insure that America will be a socialist country before his presidential term is over.

Related Link

Obama Presses Message In New York - The Wall Street Journal
By Laura Meckler And Brody Mullens
MAY 13, 2010, 11:43 P.M. ET

U.S. Economy And Political Machinations Of Obama Health Care Plan In America

The U.S. economy will suffer due to the political machinations of President Barack Obama, and his politically leftist Democratic Congress passing of Obama's Health Care Bill, which has left many Americans feeling fear, confusion, doubt, sorrow, and anger. 

Forcing policies upon American citizens against their wills, policies that are not guaranteed rights in the United States Constitution or Bill of Rights, as far as I know, is unconstitutional. This is just one of many sharp contrasts between Democrats and Republicans. Democrats believe in Big Government, and its ability to govern the lives of Americans; Republicans believe in Americans, and their ability to largely govern their own lives. 

What the Obama Administration has done should be recognized by the United States Supreme Court as being unconstitutional, and, consequently, illegal. The United States Congress has crossed the line of democracy. At least a dozen attorneys, representing twelve states, are planning to sue the Federal government over President Obama's Health Care Plan.

If creating a National Health Insurance Plan was the #1 top priority in the mind of Barack Obama and his Administration, it should have been accomplished without the use of "force," and without getting the IRS involved in this "force" factor.

Creating 16,000 jobs within the IRS, for the main purpose of penalizing and policing Americans who either can't afford, or simply are not interested in, Obama's National Health Plan, for whatever reasons, is not the way to help the American economy.

Related Links

http://www.csmonitor.com/USA/Politics/2010/0324/New-health-care-bill-facts-How-will-it-affect-the-economy

States Plan Legal Challenge To New Health Law -- http://www.wbur.org/npr/125061215

http://herringpost.blogspot.com/2010/03/16000-new-irs-employees-to-enforce.html

My Related Posts

http://www.conservativewordsmith.com/2010/03/obama-to-sign-healthcare-bill-using-20.html

http://www.conservativewordsmith.com/2010/03/obama-signs-healthcare-bill-america-now.html

http://www.conservativewordsmith.com/2010/03/mitt-romney-on-healthcare-bill-america.html

http://www.conservativewordsmith.com/2010/03/ronald-reagan-foretold-inherent-dangers.html

Republicans Yesterday and Today: Historical Document Reveals Conservative Ideals

Conservatives were not much different in 1860 than they are in 2010. Republicans have always been especially concerned with the rights of the individual, the economy, and maintaining the principles found in the Declaration of Independence and the Constitution. 

The political tenets of President Abraham Lincoln, a member of the Republican Party, still hold true today. It is a fact that the Republican Party took an official stand against slavery. In fact, it was President Abraham (Abe) Lincoln's Emancipation Proclamation that freed the slaves in America.

Read the following historical Republican document, and learn the shocking truth about the real differences between the political tenets of Democrats (liberals), and the political tenets of Republicans (conservatives). America's government, as understood by Democrats and Republicans, are worlds apart, and this historical document sheds light on some of the major differences between liberal tenets and conservative tenets.

REPUBLICAN NATIONAL PLATFORM



ADOPTED AT CHICAGO, 1860


Resolved, That we, the delegated representatives of the Republican electors of the United States, in Convention assembled, in discharge of the duty we owe to our constituents and our country, unite in the following declarations:


1. That the history of the nation, during the last four years, has fully established the propriety and necessity of the organization and perpetuation of the Republican party, and that the causes which called it into existence are permanent in their nature, and now, more than ever before, demand its peaceful and constitutional triumph.


2. That the maintenance of the principles promulgated in the Declaration of Independence and embodied in the Federal Constitution, "That all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness; that to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed," is essential to the preservation of our Republican institutions; and that the Federal Constitution, the Rights of the States, and the Union of the States, must and shall be preserved.


3. That to the Union of the States this nation owes its unprecedented increase in population, its surprising development of material resources, its rapid augmentation of wealth, its happiness at home and its honor abroad; and we hold in abhorrence all schemes for Disunion, come from whatever source they may: And we congratulate the country that no Republican member of Congress has uttered or countenanced the threats of Disunion so often made by Democratic members without rebuke and with applause from their political associates; and we denounce those threats of Disunion, in case of a popular overthrow of their ascendency, as denying the vital principles of a free government, and as an avowal of contemplated treason, which it is the imperative duty of an indignant People sternly to rebuke and forever silence.


4. That the maintenance inviolate of the rights of the States, and especially the right of each State to order and control its own domestic institutions according to its own judgment exclusively, is essential to that balance of powers on which the perfection and endurance of our political fabric depends; and we denounce the lawless invasion by armed force of the soil of any State or Territory, no matter under what pretext, as among the gravest of crimes.


5. That the present Democratic Administration has far exceeded our worst apprehensions, in its measureless subserviency to the exactions of a sectional interest, as especially evinced in its desperate exertions to force the infamous Lecompton Constitution upon the protesting people of Kansas; in construing the personal relation between master and servant to involve an unqualified property in persons; in its attempted enforcement, everywhere, on land and sea, through the intervention of Congress and of the Federal Courts of the extreme pretensions of a purely local interest; and in its general and unvarying abuse of the power intrusted to it by a confiding people.


6. That the people justly view with alarm the reckless extravagance which pervades every department of the Federal Government; that a return to rigid economy and accountability is indispensible to arrest the systematic plunder of the public treasury by favored partisans, while the recent startling developments of frauds and corruptions at the Federal metropolis, show that an entire change of administration is imperatively demanded.


7. That the new dogma, that the Constitution, of its own force, carries Slavery into any or all of the Territories of the United States, is a dangerous political heresy, at variance with the explicit provisions of that instrument itself, with contemporaneous exposition, and with legislative and judicial precedent; is revolutionary in its tendency, and subversive of the peace and harmony of the country.


8. That the normal condition of all the territory of the United States is that of freedom; That as our Republican fathers, when they had abolished Slavery in all our national territory, ordained that "no person should be deprived of life, liberty, or property, without due process of law," it becomes our duty, by legislation, whenever such legislation is necessary, to maintain this provision of the Constitution against all attempts to violate it; and we deny the authority of Congress, of a territorial legislature, or of any individuals, to give legal existence to Slavery in any Territory of the United States.


9. That we brand the recent re-opening of the African slave-trade, under the cover of our national flag, aided by perversions of judicial power, as a crime against humanity and a burning shame to our country and age; and we call upon Congress to take prompt and efficient measures for the total and final suppression of that execrable traffic.


10. That in the recent vetoes, by their Federal Governors, of the acts of the Legislatures of Kansas and Nebraska, prohibiting Slavery in those Territories, we find a practical illustration of the boasted Democratic principle of Non- Intervention and Popular Sovereignty, embodied in the Kansas-Nebraska bill, and a demonstration of the deception and fraud involved therein.


11. That Kansas should, of right, be immediately admitted as a State under the Constitution recently formed and adopted by her people, and accepted by the House of Representatives.


12. That, while providing revenue for the support of the General Government by duties upon imports, sound policy requires such an adjustment of these imposts as to encourage the development of the industrial interest of the whole country; and we commend that policy of national exchanges which secures to the working men liberal wages, to agriculture renumerative prices, to mechanics and manufactures an adequate reward for their skill, labor, and enterprise, and to the nation commercial prosperity and independence.


13. That we protest against any sale or alienation to others of the Public Lands held by actual settlers, and against any view of he Homestead policy which regards the settlers as paupers or suppliants for public bounty; and we demand the passage by Congress of the complete and satisfactory Homestead measure which has already passed the House.


14. That the Republican party is opposed to any change in our Naturalization Laws or any State legislation by which the rights of citizenship hitherto accorded to immigrants from foreign lands shall be abridged or impaired; and in favor of giving a full and efficient protection to the rights of all classes of citizens, whether native or naturalized, both at home and abroad.


15. That appropriations by Congress for River and Harbor improvements of a National character, required for the accommodation and security of an existing commerce, are authorized by the Constitution, and justified by the obligations of Government to protect the lives and property of its citizens.


16. That a Railroad to the Pacific Ocean is imperatively demanded by the interest of the whole country; that the Federal Government ought to render immediate and efficient aid in its construction; and that, as preliminary thereto, a daily Overland Mail should be promply established.


17. Finally, having thus set forth our distinctive principles and views, we invite the coöperation of all citizens, however differing on other questions, who substantially agree with us in their affirmance and support. 1


1 http://facweb.furman.edu/~benson/docs/repplat6.htm
--------------------------------------------------------------------------------
Transcribed and reverse-order proofread by T. Lloyd Benson from the Tribune Almanac, 1861, pp. 30-31; (facsimile edition: The Tribune Almanac for the Years 1838 to 1868, inclusive, comprehending the Politician's Register and the Whig Almanac, [New York: Published by the New York Tribune, 1868].) 

Read: Would Abraham Lincoln still be considered a Republican by today's standards - WebAnswers.com