Getting Rich… One Penny (Stock) At A Time

articleWe always hear that a penny doesn’t buy much these days, but that’s really not true. For example, did you know that you can buy stocks for a penny, and can also make a lot of money doing so?

Yes, that’s right – Penny Stocks can make you rich.

Penny stocks are stocks that typically sell for under a dollar a share, and many of them indeed cost just a penny (or less) per share. This makes them especially attractive, because almost anyone can participate. Think about it – how many shares of Google stock can you afford today? Probably not too many. But you can buy thousands of shares of a Penny Stock with just a few dollars.

There are four great reasons to love penny stocks:

  1. Price – As stated above, Penny Stocks don’t cost much. In many cases, they cost less than a penny a share. To give you an example, you may be able to buy thousands of shares for $25.
  2. Profit Potential – Just a tiny move in penny stocks can mean a large return. If a penny stock goes from 1 cent to 3 cents, you tripled your money. Try tripling your money with Google – it’ll take a decade (or three). Now imagine if you bought 10,000 shares of a penny stock at half a cent a share (which would cost you $50), and it goes to a dollar next week… This really happens.
  3. Legitimacy – Penny stocks are “real” stocks. They are fully SEC-regulated, and sold OTC (over the counter). And yes, you can buy them through almost any regular broker account (like E-trade, Schwab, etc… do you already have one of these? Then you can buy Penny Stocks.)
  4. Exciting Companies – Most companies who offer Penny Stocks are young, motivated companies. They represent an electrifying income opportunity (one you don’t have to wait years for, either).

However, there is one small drawback to Penny Stocks, and that is the fact that there are so many of them. So sifting through them is difficult. Couple this with the fact that many of these companies are young, without a long track record. This makes researching them a real chore that will challenge even a seasoned investor.

There is a salvation, however. There are websites out there who specialize in finding and researching penny stock companies, and then make recommendations on likely winners. One such company is StockTips.com. They make penny stock picks, and e-mail them to their subscribers. It’s free to join, as well.

You can also do your own research, of course. If you decide to do such, make sure you carve out a few hours to do thorough research… and be creative as well. Research new filings, and spend time on discussion forums where people are talking about young companies. When you find a company you like, learn everything you can about the company and its products (and if you really want to dig deep, order some of the products and see how well they’re made).

However you decide to go about it – your own research or joining the free mailing list of a company like StockTips.com, Penny Stocks are a legitimate, exciting investment opportunity that shouldn’t be missed.

This article sponsored by StockTips.com

The Hidden Obamacare Taxes That Will Crush The Middle Class

article-250x167Get ready to be blindsided by a barrage of new taxes. $1 trillion worth…

They’ll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare.

And they won’t just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class.

That’s because while a majority of these “stealth taxes” were designed to be taxes on businesses, they’re actually transferred directly to ordinary citizens.

How much extra will you have to pay? To see how Obamacare taxes will directly affect your paycheck, go here.

They include the investment income surtax, a Medicare payroll tax, even a “tanning tax” on those who utilize indoor tanning services.

“Many of those [hidden] taxes, especially those on hospitals, insurers and medical device manufacturers, will ultimately be passed on through higher health costs,” said Michael Tanner an expert on the healthcare law.

In fact, analysts estimate Obamacare will cost the average taxpayer nearly $6,000 in extra taxes as early as next year.

Obamacare Tax Hikes Stoke Outrage

Many of the Obamacare taxes are already in effect, others will hit January 1 2014. But they are already infuriating millions of Americans.

While even Obamacare detractors applaud the requirement that insurance companies cover pre-existing conditions and put a stop to lifetime caps on benefits, they say these laudable benefits don’t compensate for the bills high cost – especially in new taxes.

According to most experts, Obamacare will create a total of twenty new taxes or tax hikes on the American people.

In fact, the Obama administration has already given the IRS an extra $500 million to enforce the rules and regulations of Obamacare.

The new taxes don’t bode well for millions of middle-class Americans. Incomes for the rich have soared this decade but middle class workers have seen their wages stagnate and even drop since the 2008 Great Recession.

Many fear Obamacare with its high insurance costs and new taxes, could provide the middle class a fatal blow.

Of course, the Obamacare plan was primarily designed to decrease the number of uninsured Americans and reduce healthcare costs.

Many experts are saying it will have the exact opposite effect.

That’s just one of the reasons why Republicans hope to defund Obamacare before January.

They claim that the taxes and costs needed to pay for Obamacare will crush the middle class and most U.S. taxpayers, as well as trigger job losses in affected industries.

Tax experts say you should try to estimate how much you will have to pay when the law goes into full effect – and take precautions to limit the damage to your bottom line.

What the Experts Say: How to avoid getting your financial neck broken by Obamacare… Watch this video.

One expert, Dr. Betsy McCaughey, a constitutional scholar with a Ph.D. from Columbia University, recently wrote a best-seller showing Americans how they can not only survive Obamacare, but prosper through it.

McCaughey claims to be one of the only people in the country – including members of Congress – who has actually read the entire 2,572 page law.

Her book, titled Beating Obamacare: Your Handbook for Surviving The New Health Care Law, breaks the huge bill down into 168 pages of actionable advice.

The book, written in an easy going, easy to read style, shows some startling facts about Obamacare not seen in the mainstream press.

For example, she points to a little known passage in the bill that shows how you could get slapped with a $2,000 fine for not having health insurance – even if you do actually have it.

She also goes into detail explaining how a third of all U.S. employers could stop offering health insurance to their workers.

In one chapter, she shows how ordinary Americans will get stuck paying for substance abuse coverage – even if they never touched a drink or drug in their life.

According to McCaughey’s research, senior citizens will get hit the hardest.

Hip and knee replacements and cataract surgery will be especially hard to get from Medicare in the months ahead thanks to Obamacare, according to McCaughey.

She warns seniors to get those types of procedures done now before Obamacare goes into effect January 1.

Real facts and figures about the hidden Obamacare taxes and fees and how they will affect everyday Americans and seniors are hard to find. As a courtesy, Money Morning is offering readers a free copy of Betsy McCaughey’s new book Beating Obamacare: Your Handbook for Surviving The New Health Care Law. But only a limited number of copies are available. Please go here to reserve yours today.

This article sponsored by Money Morning

This One Thing Will Ruin Barack Obama

stansberry-250x157A few big moves stand out in Barack Obama’s Presidency.

  • The $800 billion stimulus plan passed in 2009
  • The $5 trillion in debt accumulation—the most of any President in history
  • The passage of Obamacare… the assassination of Osama Bin Laden… and huge tax increases

But Porter Stansberry – one of the most widely-read financial journalists in America – says these events are nothing compared to the next big surprise that could devastate Obama’s legacy.

Porter is the founder of a financial research firm in Maryland, called Stansberry & Associates Investment Research, and he has agreed to make available a free video presentation that gives you full analysis of this situation.

The End of Obama: A Stansberry & Associates Special Presentation

Over the years, Porter has published research that predicted the collapse of certain companies, and even entire industries.

For example, he accurately described in detail – and well in advance – the collapse of such institutions as GM, Fannie Mae, and Freddie Mac, just to name a few.

More recently, Porter predicted the bankruptcy of Detroit, detailing the collapse of the city with a series of essays dating back to 2009.

Now Porter says there’s a shocking surprise working its way through the Obama administration. In the free video, he reveals how this one event could single-handedly ruin Barack Obama’s Presidency… and perhaps even his entire career.

Even if Porter is only half right, this situation will have a dramatic impact not only on Barack Obama, but also everyone else in this country.

Editor’s Note: For a limited time, Stansberry & Associates is making The End of Obama video presentation available at no charge. We strongly encourage you to check out this important analysis. We believe it will be worth your time, and a real eye-opener.

This article sponsored by Stansberry & Associates

Act Now To Refinance Your Home Before Rates Rise

lt-article() – There has never been a better time to refinance your home. That’s because of a little-known government program called the Home Affordable Refinance Plan® (HARP). This allows Americans to refinance their homes at shockingly low rates, and reduce their payments by an average of $3,300 a year.

But here’s the catch – like most government programs, this is likely temporary. Currently the program is set to expire on December 31, 2015. But the good news is, once you’re in, you’re in. If the thought of a lower payment or fewer years on your mortgage sounds appealing, the time to act is right now.

It’s like a true middle-class stimulus package

This is unknown to many, but the Home Affordable Program is for the middle class. If your mortgage is $625,500 or less (unless you live in a high-cost area then the loan limits may be higher), you most likely qualify. Basically, the Government wants banks to cut your rates, which puts more money in your pocket (which is good for the economy). However, the banks aren’t too happy about this – here’s why:

  1. You can shop several lenders, not just your current mortgage holder
  2. Your home’s Loan-to-value (LTV) can be 80% to 125%

You think banks like the above? Rest assured, they do not. They’d rather keep you at the higher rate you financed at years ago. That’s why the pressure is on time-wise. The Middle Class seems to miss out on everything (did you ride the last stock bubble? Probably not). Thus, it’s almost a no-brainer to jump on this now. You need to act fast in order to refinance your house at these current low refinance rates. You can greatly benefit:

  • The average monthly savings for most eligible Americans is $275. Can you use an extra $275 a month?
  • Many homeowners not only save every month, but depending on their current rates, they can also shorten their term.

This is why it’s a no-brainer – you will likely lower your payment, possibly shorten your term, AND can also get cash. This is how powerful that little word called “interest” is. The middle class never sees “breaks” like this. So this is your chance to get “in”.

This often overlooked method to lower your payment (and continue to make the higher payment by directing the excess to the principal) is a great way for you to pay off your mortgage in a shorter period of time, all the while saving more money in interest over the life of the loan.

But how do you find these rates?

Here’s the answer – there are a few free websites out there that will compare mortgage rates for consumers, and allow them to choose the best one (that’s a great thing about the internet – it allows you to do business with lending institutions all over the country).

RateMarketplace, one of the country’s largest and most respected mortgage refinance comparison shopping websites, is one of the few companies with HARP lenders on its network, and is currently assisting homeowners like you to obtain further information regarding superb mortgage rates.

With RateMarketplace there’s no obligation and their service is fast & easy. It takes about five minutes, and the service is 100% free. You have nothing to lose except money stress.

But you do have to act before rates rise.

This is an advertisement sponsored by RateMarketplace
References: http://www.freddiemac.com/finance/pdf/RefiReport2013Q4.pdf

Obama’s Home Loan Modification Plan – Perks and Eligibility

What Coffee Lovers Should Know About DecaffeinationPeople all over the country find themselves in serious trouble nowadays. House pricing is going down, and the number of nationwide layoffs are rendering a larger number of people than ever unable to make their monthly mortgage payment. Effective March 4, 2009, Obama’s home loan modification plan identifies at-risk homeowners and works with them to keep their house from being foreclosed.

This new plan from the White House differs from older efforts by lending institutions to address borrowers that were falling behind on payments. The President’s Making Home Affordable plan gives lenders a consistent, logical process to follow when modifying home loans to lower monthly payments. Doing so increased the ability of homeowners to pay and in many cases circumvents a foreclosure.

When a lender identifies a homeowner as an at-risk party for foreclosure, their first step is to consider whether a Hope for Homeowners refinance is an option. This is a special refinance option under Obama’s Making Home Affordable plan. If they are not eligible for refinance, they begin the loan modification process.

Loan modification ultimately depends on a homeowner’s gross monthly income, so the first step is to calculate and prove monthly income. For this, last year’s tax information, two pay stubs, or a letter from an employer is necessary. After verifying income, lenders follow the standard process known as the Standard Waterfall to reduce the borrower’s monthly payment to 38% of their gross monthly income.

Under the Standard Waterfall, the lender must first decrease interest rates. These deductions are made in increments of 0.125%, all the way down to a floor of 2% interest rate if necessary. If that does not allow the monthly payment to be less than the 38% target, the loan can be extended as many as 40 years after the time of modification. If the 38% target is still not reached, then the lender may choose to forgive loan principal. However, the lenders by no means have to forbear principal if they do not want to. It is only an option for them to meet the 38% threshold.

In return for pointing out at-risk homeowners and getting them modified loan terms, participating lending institutions get a one-time incentive of $1,000. They also receive successive payments of $1,000 per year (for up to three years) for modified loans that are successfully paid and current. Homeowners also receive incentive payments. They can get up to $1,000 a year for up to five years for honoring their new modified commitments every month and staying current on their loan.