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Gender Matters: Investing Still a Man's World – 24/7 Wall St.

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Gender Matters: Investing Still a Man's World – 24/7 Wall St.

When it comes to making investment decisions among households with at least $3 million in assets to invest, more than 75% of men believe they are better qualified to decide than their spouses. Only 18% of women say they are better
24/7 Wall St.

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Your Questions About Investing In Guitars

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William asks…

How do I get started with a bass guitar?

Should I buy the equipment first? Bass guitar , cords , amps ,headphones . Budget considerations?
Should I take lessons first? It is a guitarist teaching bass , I have not looked for other teachers yet.
The parents have agreed already. Patience is the key to success but I have school too.

Justin answers:

If you know you want to play, you might as well go and buy the equipment because after you take a lesson, the teacher is going to want you to practice. If you do purchase all the equip, make sure and get something that is going to last.

If you’re not sure if you want to, take the lessons to see if you really want to invest your parents money and your time.

A guitarist will be able to teach you bass. They’re very similar and both a blast to play. Good Luck

Steven asks…

How to learn to play the electric guitar when lessons are not an option?

I want to learn how to play the electric guitar but taking lessons are too expensive, so could someone give me some suggestions, and could you recommend a good beginner electric guitar $250 or cheaper. Thank you your help would be appreciated.

Justin answers:

If you want to learn guitar on your own, I’d suggest checking out a few YouTube videos to understand how to place your fingers. Once you learn how to maneuver the guitar, get chord charts and start practicing. I would just sit for hours practicing moving with my fingers to get used to it. Investing in a tuner will help you out a lot. I got one back when I was teaching myself; I still use it occasionally, but it definitely helped me develop an ear for tuning.

As far as affordable guitars there are plenty out there, but make sure you understand what you are looking for. I’ve attached some guides for starting out that go over what to look for in a starter guitar. That will help you out.

Joseph asks…

What is the best type of acoustic guitar to buy?

I want to teach myself to play the guitar. I don’t exactly know how to read music but I can teach myself. What is the best brand of acoustic guitar to buy? (Low cost is a plus) Thanks.

Justin answers:

Well I wouldn’t worry so much about brand in the beginning. A good second hand guitar is probably best. There are a lot of good inexpensive brands out there. Keep in mind you may not stick with it and it may not be your thing. Don’t invest a lot of money. You want something that you can play. How big are you hands? That’s the first question. If you have little hands I really recommend Daisy Rock guitars. They are designed for women (and guys with small hands). If the neck is too thick you’ll have trouble with things like barre chords later. Next is a good set up. Here you will need someone that knows a little bit about guitars to help you. Is the neck straight? If it is bowed anywhere its not going to be playable. Are there any dead spots (frets that don’t produce a note. Some guitars do have places for whatever reason where you sound the note and you literally get a “thunk”). How is the action set up? Are the strings too high or low on the neck for you? Finally, does the guitar hold tune further up the neck. This is called intonation. It is usually adjustable. Many times a lot of the problems I’m talking about are correctable by a reputable guitar shop. Just beware of dead spots in the neck. If there is a fret where a note won’t sound that usually indicates a life-long defect and may not be correctable. If you have someone familiar with guitars that can go with you and knows what to ask you might try looking for a good used one at a pawn shop or off of craigslist.org. If not, buy from a reputable dealer like Guitar Center or a local music store where someone can help you pick out the right instrument for you. Keep in mind, it may not be to your advantage to buy the cheapest thing you can find. At the same time, you don’t want to buy an expensive pro-level instrument when you are only beginning. Good luck to you!

Mark asks…

I want to get a guitar to learn how to play. What fender model would be good for a beginner?

I’m interested in learning how to play guitar. I want to get a simple,but good quality fender since it seems to be a high quality and reliable brand. What features should I look for in my first guitarand what models would be good for a beginner? I’m interested in playing rock music so I am looking for an electric guitar and I will most likely be shopping at a Guitar Center store. Thanks!

Justin answers:

A squire strat is what I started on it’s cheap too just in case you don’t like it. Then you could invest in an American strat if you like it.

Daniel asks…

What is the best and fastest way to learn guitar?

I am getting a guitar for Christmas this year and I am really excited. I am 20 and have always been interested in playing but could never afford the instrument.

I know for sure my parents are getting me an acoustic guitar this year. I was wondering if anyone knows how long it will take me to learn how to play the guitar? Will I be able to learn it on my own or will i definitely need lessons?

Justin answers:

In my case, it worked out that YEARS ago my guitar instructor would ask me to bring in recordings of songs for which there was an interest on my part to learn to play. This happened on cassette – before CDs EVER appeared on the market. It was just a matter of watching him learn the bass lines to the songs, and then figuring out the chords from the base lines and the fingering from the chords.

After a while of watching HIM do it over-and-over again for a year or so, it dawned on me that it was easier for me to learn the songs on my own! My parents would pay the the guy ten or 15 dollars for a half-hour lesson. Just keep your wrist as low as possible, and you will be fine!

My suggestion would be to take the lessons for a month, see if you are getting better at playing the thing as the month progesses. Then set a goal for three months. Then set another goal of six months. Learning on an accoustic is MUCH more difficult than learning on an electric, but it is the better option because you will ALWAYS be able to play the electric if you LEARN on the acoustic. Learning on the acoustic keeps you honest! *grin*

Oh! The LAST song my fingers learned to play on the guitar was this song by Everlast – the name eludes me, but it was sort of a bluzy song. It worked off a D-minor, Dsus4, Fmaj7, and C. The rest of the chord progression eludes me now, but if you were to put a guitar in my hands, my fingers would remember the song in an instant.

Oh! Someone else mentioned tuning! Want to know an EASY way to tune your axe? Use the FIRST note to AC/DC’s Highway to Hell! That is the TRUEST A-note in rock-n-roll!

Tune your fifth string to THAT note, my tiny brain can still hear the note even though it has been years since my ears have heard the song. If you learn to do this, you will be able to play ANY guitar you find because that note will resonate in your head to the point where you can use its resonance to tune ANY guitar.

BTW, you tune the balance of the strings off the A-string.

My plan THIS week is to learn Mark Antoine’s Madrid which is a GREAT guitar song. It sounds like it has TWO guitars in it – maybe three. My plan will be to start working on it Monday morning. It is such a sweet song – an instrumental too.

Actually, since you provided us with TWO solutions, your question should read, “Which is the better and faster way to learn guitar: with an instructor or on my own?”

The answer to the question really boils down to how much time you are going to invest in learning to play the beast. You going to give up once your knuckles and fingertips are screaming at you to stop, or are you going to ignore their pleas and just keep playing? After about month-six, you can start practicing your Townsend-like windmills, if you want. Start slowly, or your right hand will be screaming in pain too as the strings open up some skin as you start whaling on the axe! Walk before you run, always, Grasshopper

Donald asks…

What is the best and fastest way to learn guitar?

I am getting a guitar for Christmas this year and I am really excited. I am 20 and have always been interested in playing but could never afford the instrument.

I know for sure my parents are getting me an acoustic guitar this year. I was wondering if anyone knows how long it will take me to learn how to play the guitar? Will I be able to learn it on my own or will i definitely need lessons?

Justin answers:

In my case, it worked out that YEARS ago my guitar instructor would ask me to bring in recordings of songs for which there was an interest on my part to learn to play. This happened on cassette – before CDs EVER appeared on the market. It was just a matter of watching him learn the bass lines to the songs, and then figuring out the chords from the base lines and the fingering from the chords.

After a while of watching HIM do it over-and-over again for a year or so, it dawned on me that it was easier for me to learn the songs on my own! My parents would pay the the guy ten or 15 dollars for a half-hour lesson. Just keep your wrist as low as possible, and you will be fine!

My suggestion would be to take the lessons for a month, see if you are getting better at playing the thing as the month progesses. Then set a goal for three months. Then set another goal of six months. Learning on an accoustic is MUCH more difficult than learning on an electric, but it is the better option because you will ALWAYS be able to play the electric if you LEARN on the acoustic. Learning on the acoustic keeps you honest! *grin*

Oh! The LAST song my fingers learned to play on the guitar was this song by Everlast – the name eludes me, but it was sort of a bluzy song. It worked off a D-minor, Dsus4, Fmaj7, and C. The rest of the chord progression eludes me now, but if you were to put a guitar in my hands, my fingers would remember the song in an instant.

Oh! Someone else mentioned tuning! Want to know an EASY way to tune your axe? Use the FIRST note to AC/DC’s Highway to Hell! That is the TRUEST A-note in rock-n-roll!

Tune your fifth string to THAT note, my tiny brain can still hear the note even though it has been years since my ears have heard the song. If you learn to do this, you will be able to play ANY guitar you find because that note will resonate in your head to the point where you can use its resonance to tune ANY guitar.

BTW, you tune the balance of the strings off the A-string.

My plan THIS week is to learn Mark Antoine’s Madrid which is a GREAT guitar song. It sounds like it has TWO guitars in it – maybe three. My plan will be to start working on it Monday morning. It is such a sweet song – an instrumental too.

Actually, since you provided us with TWO solutions, your question should read, “Which is the better and faster way to learn guitar: with an instructor or on my own?”

The answer to the question really boils down to how much time you are going to invest in learning to play the beast. You going to give up once your knuckles and fingertips are screaming at you to stop, or are you going to ignore their pleas and just keep playing? After about month-six, you can start practicing your Townsend-like windmills, if you want. Start slowly, or your right hand will be screaming in pain too as the strings open up some skin as you start whaling on the axe! Walk before you run, always, Grasshopper.

Chris asks…

What is the best acoustic guitar for a beginner?

I’m just starting out, and am looking to make an acoustic guitar out there my own. My price range is around 200-350, and I really want a guitar that will make me love playing music. What is the best acoustic guitar for a beginner?

Justin answers:

There are a lot of different things to consider when buying a new acoustic guitar. For a beginner it is important to weigh up quality with price. It is much better to go for a acoustic guitar that is on the lower end and then as you get better buy a better guitar.

Having the best guitar won’t make you the best guitarist so there is no point investing in a really expensive instrument.

For around $200 or $350 i would suggest purchasing perhaps a Yamaha FG700S Folk Acoustic Guitar.

I hope this information helps.

Check out the site below for more information about acoustic guitars. You can also sign up for a free guitar lesson.

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Your Questions About Investing In Mutual Funds

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Paul asks…

Is there any way I can find out in which Indian companies mutual funds are investing the most ?

A list of the companies they are most bullish on in a percentage wise order ?

Justin answers:

You can visit moneycontrol.com or valueresearchonline.com.

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Your Questions About Invest In Gold Mines

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Chris asks…

I need some advice about investing in a gold fund.?

I have about $10,000 that I’m thinking of investing in the market. I currently have about $6,000 in stocks of Citibank and Bank of America but I’m thinking of a new less volatile long term strategy. While looking around at some funds I noticed that a fund investing in gold, mining, etc had perhaps one of the best 1,3,and 10 year returns. I know that the price of gold has steadily been rising for years but who knows if it could be the next “bubble.” I’d like to get some advice from people about the ups and downs of this option and other opinions about options for me to invest. By the way I’m 22 if that matters.

financi4 answers:

Our idea of “saving” money was hoarding just enough to buy that can’t-live-without toy in between birthdays and Christmas. As a child, the future didn’t go beyond the next holiday or beginning of the next school year. The future I was saving for was never more than a couple of months away.

Now, pay close attention. If just one of these handfuls of coins had been properly invested, it would have grown to over $33,000 when I retire in a few years.

So what is “properly invested”? Well, it certainly isn’t a savings account. It isn’t savings bonds or T-Bills or bank certificates of deposit. Yes, it does have something to do with the stock market. You’ll learn everything you need to know about simple stock market investing in another chapter.

But isn’t investing risky? Sure it can be. Can investing be safe, secure and a sure thing? It all depends on how you go about it. There are a few smart ways to invest, and many, many ways that guarantee that you will lose a lot of money.

A smart investor chooses a method of investing, follows through on the investment plan, and then over the years watches it happen.

A smart investor understands that the ultimate risk actually is not investing. A smart investor understands that investing is not a luxury, it is a necessity.

We all should have investment goals. We all want to be rich. The idea of building wealth may be appealing, but sounds unrealistic for the average family that is struggling just to pay the bills.

Even if we can accept the possibility that some magic investment tricks may be available to us, how do we save money when there is no extra money to save? And even if we save some each month, the small amount of interest a bank pays won’t turn us into millionaires. But smart investing, not saving, is the key to building wealth.

Few of us understand the fundamentals of successful investing. We’ve learned that financial security comes from putting money in an account in our local bank or credit union. This is all right, of course, but limits our financial future to saving a few dollars. But through properly selected safe investments, your dream of wealth will come true.

Ken asks…

Is now a good time to invest in real estate?

My great uncle passed away and I will be comming into money. (He owned the tropico gold mine in lancaster CA) Should I invest in Land, or Real Estate? I was looking at a condo in Florida that looked like it would be a good investment.

financi4 answers:

NO!!!!

Thomas asks…

1-2 year investment in Gold ETF…still a good idea?

I am considering investing in GLD or GDX. These are both ETF’s that invest 100% in gold mining and exploration.

Is this still a good idea for a 1-2 year investment?

financi4 answers:

Gold will always be a great hedge against inflation. As long as the dollar continues to weaken gold should go up.

However you can never tell for certain what will happen. That is why I don’t like long term trading myself.

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7 steps to investing success in 2013

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7 steps to investing success in 2013

7 steps to investing success in 2013. As we roll into the new year, learn the lessons of a volatile 2012. Because for the at least the first half, we can expect more of the same. Image: Piggy bank © Le Club Symphonie, Ian Nolan, Photodisc, Getty Images
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Why A Clean Title Is A Should In Actual Estate Investing

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Recently I produced a mistake that ended up costing more than $one thousand even though it sounds so fundamental. In my company, I only do a brief sale when I am certain I can create a lot equity that justifies spending all the time and effort negotiating for it. I am particularly fond of qualities which have more than one home loan, because the holder of the junior lien mostly stands to shed everything in the event of a foreclosure. They can therefore easily accept pennies on the dollar in a brief sale.

You can easily negotiate 20 cents on the dollar on a 2nd mortgage. If you can also do a brief sale on the first mortgage, you can end up making a lot of equity for a great, profitable deal.
I got a dela like this lately and immediately recognized it as having great possible. It had a initial home loan nearly fifty% of the house worth, and a smaller sized second mortgage. Even if I did not do a brief sale, I could nonetheless have had a excellent offer.

All the owner needed was to get rid of the property with out foreclosure. We did all the necessary paper function for both short sales and inside a few weeks had both my provides accepted.

It needed small fixes, no main repairs like foundation or roof.

There was also a lot of junk to eliminate and touch-ups I had to distinct prior to I could wholesale it to an additional actual estate investor. There had been tons of trash to haul off, the lawn was more than-developed and just common clean-up I ended up spending over $1000 cleansing issues up and received it prepared for wholesale.

I was sure I was going to make it a great wholesale deal and rapidly got a purchaser with money.

In the meantime my title company initiated title work and other closing preparations. As it turned out, the seller forgot to disclose two other liens!

Each had been mechanic liens connected to the house. Although it was simple to track down 1 of the liens, the other 1 had been sold several occasions and the contact info did not function. In other words we could not negotiate 1 of the liens.

So unless of course we could get in touch with all the lien holders and negotiate them all, we could not own the property free and distinct. These liens could only be wiped off through foreclosure.

I ended up providing up on the short sale following spending weeks negotiating both short revenue and spending over $1000 getting the house more marketable.
If you are a real estate investor that purchases homes from motivated sellers, this experience can serve as a phrase of caution. Although motivated sellers can have some of the most profitable real estate investing deals, they can also have multiple liens, judgments and other title problems.
Check the title to make sure your qualities are marketable prior to you spend time and money.

I get totally free title function from my title company because I have closed numerous offers with them. Even if you have to spend for title work, it is most likely it is not as costly as the time and money you would shed with out checking the title.

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Are There Still Safe Investments For The Investor?

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When the term ‘investment’ is used, people instantly think of making money or appreciating their capital. This is usually done by the use of some form of strategy or philosophy which is used to appreciate the value of a capital asset. It is normally considered somewhat different from ‘trading’, which while it has the same objective of making a financial return, does not involve ever owning the asset in question. Instead when trading you are simply speculating on the price movement of the asset over a set period. For this reason markets such as the Foreign Exchange are seen much more of a speculative market than one for investment in the truest form of the meaning.

The recent turbulence that the financial markets has shaken many people’s belief in traditional investment approaches. Many have seen their holdings of Stocks and bonds decimated and so called ‘lower’ risks investments hit hard. In many cases the damage done will take many years to undo.

With this backdrop it is now increasingly the case that currency trading is being seen as a more respected form of ‘investment’ than it has been previously. Increasingly people are looking to this market as they take their financial future into their own hands and try to seek out the best markets from which to earn a return. As many are already facing losses on other assets they hold, the high risks associated with Forex trading look increasingly like a risk they are willing to take in pursuit of high returns.

The reality is that when looking at the investment options open to an individual in the current economic climate, there is very little that looks secure in the financial markets. More importantly there are many assets where the risks in relation to the potential profits on offer look weak. Precious metals are perhaps one of the few ‘safe haven’ type investments that people should be looking at in these times. However even these have a high level of volatility that make timing the market essential in order to protect your capital.

While the risks associated with trading are high, there is also a great potential to earn profits. It is this attraction which has drawn traders into this form of trading. However there is a big problem with this. Most are not well versed in exactly how risky these markets can be. The truth is that the currency markets are perhaps some of the most volatile markets that you can trade. While vast profits can be made, most traders will not make money, even when controlling their risks through using a binary options broker.

Finding safe investments is not easy  and it is simple to look for new investment opportunities and to be dazzled by the high potential gains on offer. However as with any form of investment, you need to be well educated in the risks that exist to your capital before you consider parting with your money. Don’t simply start to throw money at market simply because of the potential. You need to make sure you balance your risk approach and spend time educating yourself about the ways in which you can make a return from this market.

This article come from contributor Vernon Lees. Vernon is a financial writer, trader and founder of  thebinaryoptionstrader.com.

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