Investments will never be the same again

Until the 2009 recession, The stock market was all about long term investing where you buy and forget about stocks or it was about day trading where you panic about indices every minute of the day and hope tomorrow will be bigger. The 2008-2009 crash wiped out so much value off the market that even a good recovery over years would still leave many high and dry. Now the experts preach mid-term investments. Buy stocks, keep watch everyday but sell when it crosses a reasonable profit margin.

More here: Bye Bye To Buy And Hold

Are millionnaires born?

If you thought you need to have 'the winning streak' to be a millionaire, think again. Most millionaires also read 'get-rich-quick' books, many of them lost a good deal of money in the markets, like you and me they also think twice before buying that expensive watch, Ok maybe I overdid it, if I had that extra money I would'nt think twice, infact it would be a great investment. But you get the picture right?, anybody can be a millionnaire, the secret is to start early, start saving and investing (need not be the market) investing in things that dont depereciate much as early as possible is the secret. More thoughts here:

Yahoo finance - 10 secrets of making money

Is recession good for you?

If you thought the recession has helped floor prices, you could'nt be further away from the truth. The recession has floored prices of things that will make you want to spend, but make you poorer in the long run. Here's a nice bunch of tips on yahoo on how to get the most of falling prices but still keep afloat in the sea of debt.

Yahoo Finance - Falling Price Advantage