Potential payoff of penny stocks – investments tip

The present economic era has undergone a severe crunch. With increasing cost of living, rising inflation, low paid jobs and lack of investment opportunities, people try to make the most out of their savings to hedge themselves from any unforeseen financial turmoil. There are many ways to reap some juice out of your savings such as depositing them in a bank account, prize bonds, piling up gold, however investing in stocks and shares seems to offer a greater return from your buck. Although one must bear the risks associated with it, if a thorough homework is carried out pre hand, than quiet handsome returns could be generated through stock dealings.
For investors who are seeking avenues to channelize their surplus funds, there exists one option in the form of penny stocks. Just like any other shares, they have similar characteristics. When companies are in need of capital they issue their shares to the public to fulfill the deficiency. However what differentiates a penny stock from any other conventional stock is its relatively low par face value which is mostly issued below $5 in most markets. Penny stocks are usually floated by small companies and have significantly less market capitalization then other stocks.
While it may have been a target for many critics owing to its inherent risky nature, since it’s not listed on a stock exchange and is not regulated by any regulatory body, still it holds tremendous potential to boost your earnings on account of multiple factors .
– Firstly the amount of initial capital outlay is very low which allows small investors to gamble with their money.
– Their low amount allows for larger trading volumes and hence the chance for maximizing returns increases.
– It provides you the opportunity to make plenty amount of money in the shortest amount of time
– The return is umpteenth times higher in case the share performs above expectation.

We know that as per market fundamentals, it is very risky to invest in companies that are new entrants and do not have sufficient accreditation, however majority of blue chip companies are already going through their maturity phase ,they may not be risky but returns cannot increase at an exponential rate due to saturated growth. But for small companies with high potential, there is more on the table to offer. This room for future growth at a relatively less expense makes penny stocks such a lucrative investment option.
Though it offers considerable benefits, however it comes along with its fair share of risk. Hence, immense caution must be exercised before you experiment with your hard earned money. You need to conduct a comprehensive research about the company, whose penny stocks you are willing to purchase and if it can be ascertained that the prospects are bright for its growth then you can invest in their stocks and multiply the returns. Identify and make a list of all small companies who uphold a promising future and then analyze their business activities, key performance indicators ,their management policies and commitment and whether the segment they are operating in is profitable or not.

Forbes.com: Top financial and business news

Their title goes as “Information for the World’s Business Leaders”. As their title suggests, this website has just about anything and everything that businessmen or business students would require or want to know about. It helps businesses understand the environments, the leaders in the market, and their own position and analysis. It can help a business student in his research and comparison. Besides these usages, it has a generic use of serving as one stop information to all business related news, reviews and articles.

First of all, Forbes is a published magazine, but has also been running this website. If you subscribe to their magazine, it can prove to be very beneficial. Forbes magazine was started in 1917; two partners B.C Forbes and Walter Drey are the founding fathers.  But the website we are talking about started functioning in 1996 and till date it as much success and informative as the real Printed Forbes magazine is.

Website has a touch of entertainment blended with the business news, reviews and lists:  Just to give you an example, I read an article about Lady Gaga on this website, and how the business is coming to Lady Gaga? Forbes wrote about her earning. They have brilliant writers and editors to come with anything that is related to money. It also makes them appear universal.

Forbes is famous for its exclusive lists of many things. These lists are the most trusted compiled lists on a lot of topics around the globe.  Major lists include World’s Billionaires, 400 richest Americans and so on.  Even if someone has not visited their website or read their magazine, still they would have heard about these lists and you can find them on their website to keep a track of where the things are moving.

The user interface of the website is also unique and much better than many other businesses related website.  Navigating through the website is very easy, and they have been constantly working on to increase the user interactivity. Using the search bar, you can search just about anything very quickly.

Forbes website also allows its readers to write something for them. If you are a great in business and you have something which should be conveyed to people, I am sure Forbes would be the great platform for this.

According to Times magazine, Forbes is one of the top five financial websites, so if you are missing this, than you are surely losing something big. Go and visit www.forbes.com

Yahoo Finance- All the tips to grow your income

Yahoo Finance is one of the most viewed online business portal, anyone related to business is also related to Yahoo Finance. The latest title they hold is that Yahoo Finance is Number 1 website which is favored by Republicans who are 18 or older with annual income of more than $10,000. Yahoo Finance is one of the very oldest business website we have. Website features news feeds, charts, quotes and bulletin board. 

One of the best features of the website includes the real time updates. You would get market updates and commentary on updates during the trading hours. Just you have to log in to the website and see where the market is going. It is really a great deal that you can analyze the trends of market just by visiting  a simple website, easy as a piece of cake; isn’t? Secondly the commentary on those updates will take you in more depth of knowledge. What other investors and traders are thinking and planning to do. Yeah you have to be bit more creative.

Another great feature of the website is self updated streaming of the quotes, this means that users don’t have to refresh the page again and again rather it will update itself. You would still get fifteen minutes late update as per the exchange rules but still it is a great option for quick updates.

Yahoo Finance has huge amount of data related to business companies. You would not find such a huge market and individual stock information anywhere else on the web. Moreover you can see the historical quotes for stock and indexes of stock exchange. That depends on companies to companies that how far you can go but this is again one the best features of the website. Yahoo Finance also allows you to download the data in spread sheets, isn’t a great thing? Well yes it is.

Coming to functionality of the website, most of you have visited the yahoo website in one way or other. The website has its old standard view and navigating thorough it is not that much comforting. But when they changes their view recently, many users started complaining that they are now not finding what they are looking for as people got themselves  used to the old style.

Well despite its so much popularity and viewership, everyone knows that the website interface is a bit old, they have never updated it like it should have been, Many new users like me get confused on first look and they have to struggle to find required element in the website. It is very high time for yahoo to add modern structure and layout.  They should use some charts and colors related to business for a better view of the website. This would also help analysts to get better visual insights.

Still Yahoo Finance is one the leading business websites in online industry, though new competitors are also on the e track but I am sure Yahoo can keep up with the competition. You should bookmark this website if you want yourself to be well acquainted with stock market news, reviews and trends.

Did we miss something about Yahoo Finance? We can use your knowledge as well. Go on and comment you thoughts.

Quicken Deluxe 2014 – Choosing the Best Tax Software

The Quicken program has been around for a long time and their parent company, Intuit, is the owner of TurboTax. The program has upgraded as technology has upgraded and has had a well-known reputation for doing what it says that it can do. However, does that make the newest Quicken Deluxe 2014 just as good as its predecessors?

What does Quicken Deluxe 2014 do?

Quicken Deluxe 2014 is a program that keeps track of all of your expenditures in one place and allows you to organize everything that you spend on business or otherwise. Not only does it create a budget to increase your savings but it also projects retirement dates and allows you take pictures of receipts if the IRS audit you so you don’t lose that receipt.

The Quicken Deluxe 2014 version also includes loan, investment, and retirement accounts. In addition to all of this, when you upgrade your Quicken to the newest version, it allows you to keep all previous files from your previous Quicken programs.

What problems does the Quicken Deluxe 2014 have?

Quicken Deluxe 2014 doesn’t just register the software once per installation, which means that you will need to register every bank account again and do so with every installation you do; even your mobile installation. There have been complaints about corrupt font files that are irreversible even when contacting customer support.

There’re consistent complaints that the Quicken Deluxe 2014 program will freeze and crash computers, sometimes wiping some of the information off of the computer. In some case, the new Quicken Deluxe 2014 unregistered all Quicken documents, files, and the program itself.

The customer support for the Quicken Deluxe 2014 has been horrible.

 There are so many problems with this program that over 1,000 people gave it a below 3 star rating on Amazon.com. Just to shorten the list of problems, here’s a list;

The attachment viewer malfunctions and won’t resize

The sync between PC Quicken accounts and Mobile Quicken accounts simply doesn’t work at random

Multi-monitored computers will see a drop in program resolution as they switch the program to a different screen

May force you to create a new 401k account

Randomly wipes cloud storage

May break keyboard shortcuts while open

May corrupt back up data files of any kind

Does not work with newer banks

As you can see, it’s better just to stay with online programs like Mint (which is free) instead of investing in Quicken Deluxe 2014. With the Quicken Deluxe 2014 the tech support can’t even help you most of the time and even the five star reviews mention that they feel lucky that they didn’t receive a copy with problems such as listed here. While it’s not suggested, it’s up to you if you want to take the risky plunge of buying the Quicken Deluxe 2014 or using a program like Mint.

H&R Block Tax Software Deluxe – Choosing the right Tax Software

H&R Block has been a tax preparation company for years and they have a well known reputation for taking the hassle out of filling tax information. The H&R Block Tax Software Deluxe is their company put into a software for those who prefer to do their taxes by themselves.

What does H&R Block Tax Software Deluxe do?

The H&R Block Tax Software Deluxe is intended to handle everything. This program is an all-in-one type of program that is supposed to handle all tax preparation on every level. However, the H&R Block Tax Software Deluxe is almost exactly the same as the Turbo Tax Deluxe.

The program goes into great detail with descriptions and keeps the user well informed when filling out areas of the tax information preparation files. The H&R Block company provides you with a free customer support line just in case you have any problems. Unlike TurboTax, the H&R Block Tax Software Deluxe also provides you with free audit support but does not offer protection.

What problems come with the H&R Block Tax Software Deluxe?

While the H&R Block Tax Software Deluxe has minor problems with installing the software, it has one extremely giant problem; Incorrectly Files State Forms. If you live in a state that requires you to fill out a state tax form to pay state taxes, this will not be the program for you.

Many people of difficulties filing state forms with H&R Block Tax Software Deluxe simply because the information it says that it requires is outdated but most people, it simply wouldn’t work. In addition to this, the H&R Block Tax Software Deluxe only works for one person at a time and will rewrite over your previous tax form if you choose to do another. Also, if you’re a business that has a special tax situation like a church, a non-profit organization, or other then the program will not use your special tax situation.

Beware to the users of Windows 8 Operating System users as the H&R Block Tax Software Deluxe has also had many complaints that the program will not connect to the internet in order to e-file. The H&R Block Tax Software Deluxe may sometimes refuse to install on Windows 8 and on Mac.

The H&R Block Tax Software Deluxe is simply not worth the hassle as even TurboTax Home handles state taxes without a problem and it’s free. With the deluxe of H&R Block and Turbo Tax falling drastically short of expectations, it’s less of a risk and hassle to simply use an accountant or go to an official certified IRS tax preparation office. While it may cost a little more, it won’t cause the potential thousands these programs can cause.

Turbo Tax Premier – Probably not the best Tax Software for you

Turbo Tax is a gigantic tax industry that has paved the way for online tax programs everywhere. This company is trusted by a vast population and nearly no one has a problem with the Turbo Tax service because it does what it’s meant to do but is it worth the trouble for you?

What does Turbo Tax Premier do?

The Turbo Tax Premier is the tax preparation set that is intended for investments and rental property. Filling them out yourself can be hazardous and taxing on your precious time, especially if you have a long list to keep track of. The Turbo Tax Premier is intended to make the process easy and cut down on said precious time.

How problematic is Turbo Tax Premier?

The Turbo Tax Premier is extremely problematic and for a couple of reasons. In the Turbo Tax Premier, if you make a mistake on any page it’s easier to just start over. The Turbo Tax Premier tends to have random glitches and even refuses to print specific pages of returns at random.

Glitches, Software Nuisances, and Errors include;

Not updating properly

Data entry duplications

Lack of Depreciation Information

In-acceptance of Foreign Data Banking and Tax Credits

ESPP doesn’t calculate correctly

Will not take credit cards

Unable to Amend Returns

Unable to show Previous Years

Inaccurate Reporting even with correct data

People have complained so much and even stated they would prefer to deal with taxes on paper with an accountant. This program is severely flawed in many ways and makes filing out taxes more difficult than it would be to just fill out the paper tax forms.

What does Turbo Tax Premier offer and what does it include?

What Turbo Tax Premier is supposed to do is act like Turbo Tax Deluxe but add in the sale of stock/bonds/mutual funds, automate calculation of cost basis, and include rental properties along with all of the deductions.

In addition to this, if you like and stick with the Turbo Tax Premier, the Turbo Tax Premier will keep all of your previous tax preparation files done through Turbo Tax Premier. This means that if you get audited without the audit protection that they offer, you will have all the files that you need in order to protect yourself because they’ll be stored in an online database.

While the Turbo Tax Premier may look tempting, you’re better off working with a program or an accountant that doesn’t have so many potential problems. Many people have used this program and have had to suffer monetarily when the IRS comes after them. It is not suggest that you use Turbo Tax Premier.

To see our full tax software comparison chart click here

Turbo Tax Deluxe – Choosing the Right Tax Software

Turbo Tax is a gigantic tax industry that has paved the way for online tax programs everywhere. This company is trusted by a vast population and nearly no one has a problem with the Turbo Tax service because it does what it’s meant to do but is it worth the trouble for you?

What Turbo Tax Deluxe does?

Turbo Tax Deluxe is Turbo Tax Home but for the freelancers and those that receive 1099-MISC. The Turbo Tax Premier program costs $49.99 to begin with and that’s not including taxes. 1099-MISC are received after the freelancer has reached $600.00 with a single client. Any other income is reported as extra income and does not require anything special.

How problematic is Turbo Tax Deluxe?

Turbo Tax Deluxe is actually very problematic if you’re trying to squeeze every penny out of owing the government because unless you pay estimated taxes or have a child, you will owe taxes. The problem with Turbo Tax Deluxe is that it doesn’t tell you important facts that are vital for filling out taxes; like 1099-MISC are less taxed than extra income, even if you do not receive a 1099-MISC but you know that you should, you should fill out as many 1099-MISC’s as you can.

How easy is Turbo Tax Deluxe and what do you get with it?

Turbo Tax Deluxe becomes more difficult to contend with the more information you add to it. A horrible glitch that the software as is that when you enter a vehicle under your deductions and then remove the car, the car will still be there; forcing you to restart entirely.

While it may cause you problems, it does provide you with every deduction that the government has to offer. This allows you to inventory what you can and can’t deduct without having to worry about whether or not you missed out on a deduction.

In addition to this, if you like and stick with the Turbo Tax Deluxe, the Turbo Tax Deluxe will keep all of your previous tax preparation files done through Turbo Tax Deluxe. This means that if you get audited without the audit protection that they offer, you will have all the files that you need in order to protect yourself because they’ll be stored in an online database.

Turbo Tax Deluxe is very good for freelancers that provide a single service with very few deductions; otherwise it’s best to just do the tax preparation on paper.

TurboTax Home – is it the right tax software for you?

Turbo Tax is a gigantic tax industry that has paved the way for online tax programs everywhere. This company is trusted by a vast population and nearly no one has a problem with the Turbo Tax service because it does what it’s meant to do but is it worth the trouble for you?

What Turbo Tax Home does?

Turbo Tax Home is the tax software that simple workers use, meaning that you have one piece of paper; W2 or 1040. What might take hours’ worth of time on paper can be done in mere minutes on Turbo Tax Home. The average time spent doing taxes with Turbo Tax Home is around twenty minutes.

How problematic is Turbo Tax Home?

If you have everything right on the first time that you enter it, there’s no annoyance or any hassle with the Turbo Tax Home because it’s very simple. However, if you make a mistake then you may find yourself having to start completely over because one mistake can lead to several different mistakes.

This is the one Turbo Tax Home design flaw; the tax software is so simple and decisive that one mistake can ruin entire sheets of tax papers. Mistakes such as entering the wrong birth date or a number in the wrong box can completely throw the entire program off of the right path.

How easy is it and what else do you get with it?

Provided you do not make any mistakes, you will find that entering a W2 into the Turbo Tax Home will be very painless and that you will be done within minutes. Even if you’re entering two W2’s, the Turbo Tax Home software makes the process extremely easy.

In addition to the tax preparation and electronic filing, there’s always an extra bonus when filing through them in a selected option. The Turbo Tax Home is one of the only software’s that doesn’t charge you in order to file your taxes and simply sends the refund check to the account of your choice.

If you’re looking for an extremely easy way to do your taxes and you ONLY have a W2, then Turbo Tax Home is the program you want. However, if you have any 1099’s or any of the other tax forms, then you need to look somewhere else because the Turbo Tax Home only handles W2’s.

The Top 5 Business & Finance Websites

When you have more than a million options then picking top 5 from them is not what you can do justifiably. Every second user is in search of the website on which they can really rely. Users need websites, which have easy navigation, outstanding content, and updated to suit their modern browsers and smart phones. We have gathered top 5 business websites for you which will serve all these.

1. Yahoo Finance

A great business website with real time updates. All the quotes are self streamed which means they get themselves updated, you do not have to refresh again and again. Yahoo Finance is ranked in top 50 websites of the world and it is often regarded as the top most visited website related to business. The only thing about Yahoo I have an issue with is their layout and interface.

2. Forbes:

If you are even not related to Business still their approach to present business would keep your interest flaming. You can read  news here, see where the politics of world is going  and even you can listen to audios and watch videos here. Who is unaware of famous Forbes Lists, you can all get them here. Furthermore the website has simple and easy to use interface, you can navigate through very easily. Users do not find any trouble searching for the content. Forbes has something for everyone. Website has also great search functionality.

3. Bloomberg:

Another great website for all business freaks. Website provides detailed financial news and they have hired a professional journalists for this. By going through website elements you can get real insights into worlds business. Bloomberg also has a catalogue of videos and they suggest you videos which are great source of entertaining knowledge, moreover Bloomberg is not limited to just plain business, you can find news from technology to religion. Bloomberg also has a great user interface and website as a whole is aesthetically designed.

4. CNBC:

If you are looking for great online application to get business consultation then CNBC.com is another business related website for you. Website covers a huge area of business, they have great reviews from small businesses to giants. You can find new, videos and very interesting interviews of analysts. CNBC also offer CNBC TV, you can watch instead of reading all the stuff.

5. BusinessInsider:

Here is one more website for the business reader to get news, reviews and extra ordinary business tips.  Well I like their tips and trick which are usually very unconventional. You will also find some great ranking and charts there to compare big names. Website is not only dedicated for businesses as you can find other great articles related to tech, science and life. User interface is simple yet modern and easy to navigate.

 

All these websites combine to make you a great business analyst and after viewing them you are  a fresh apple full of juicy information. Every day you just have to tap your tablet or smart phone to keep visiting these sites. 

So what is your favorite business website?

Forbes Website Review: Business and Finance information for home and pro investors

If you are a businessperson, then I would recommend you to visit Forbes.com. As the website is huge mountain full of business related information with the touch of entertainment. Their title goes as “Information for the World’s Business Leaders”. As their title is suggesting you would get lots of information related to business such as news, lists, reviews and post related to business.

Forbes is first of all a published magazine, who is also running this website. If you get subscribe to their magazine that would also prove to be very beneficial. Forbes magazine was started in 1917; two partners B.C Forbes and Walter Drey are the founding fathers.  But the website we are talking about started functioning in 1996 and till date it as much success and informative as the real Printed Forbes magazine is.

Website has a touch of entertainment blended with the business news, reviews and lists:  As in one of the Forbes issues I have found an article about Lady Gaga, and how the business is coming to Lady Gaga? Forbes wrote about her earning and they wrote about anything related to money; be it war or love. This makes them universal. People from all fields are into Forbes, and if you have yet got yourself in; you should now.

Everyone knows the famous Forbes lists. These lists are most trusted ones around the globe.  Major lists include World’s Billionaires, 400 richest Americans and so on.  Even if someone has not visited their website or read their magazine, still they would have heard about these lists and you can find them on their website to keep a track of where the wind is moving.

The user interface of the website is also unique and much better than many other businesses related website.  Navigating through the website is very easy, and they have been constantly working on to increase the user interactivity. You can one click scroll to next post and so many other things make the website easy to use.  Using the search bar, you can search just about anything very quickly.

Forbes is a great website and you can spend time exploring it and I am sure that you would find many interesting things, even if you are not a world’s business leader.  But be aware the website is capitalistic and it may offend some of you and if you fall into this category, you better not visit Forbes, but according to me it is always great to know what enemies are thinking on other side.

Forbes website also allows its readers to write something for them, if you are a great in business and you have something which should be conveyed to people, I am sure Forbes would be the great platform for this.

According to Times magazine, Forbes is one of the top five financial websites, so if you are missing the top 5 in business than you are surely losing something. Go and visit Forbes