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A Few Tools to Help You Invest

A Few Tools to Help You Invest

    Online tools make just about everything easier, including investing. No matter how far you’ve gotten in your investing efforts, there’s a tool or two that can help you out. I’ve listed out a few of the tools I’ve come to rely on below — and I hope you’ll add any you use in the comments.

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    Google Finance

    I rely on Google Finance for quite a few aspects of investing. I’m a big believer in checking out any hot stock tip myself, and Google Finance is one of the easiest ways to do just that. It’s got all the standard information about a stock, as well as one of the more up-to-date news streams for each stock. I particularly like the ability to save multiple portfolios — not only do I use Google Finance to track my own portfolio every day, I use it to keep an eye on a couple of other stocks that I either need a reminder not to buy (a lot of those hot stock tips wind up in that category) or a few investments I’m planning to make in the near future.

    TreasuryDirect

    Treasury securities, including bonds, have become incredibly easy to buy online. The U.S. Treasury maintains its own site — TreasuryDirect — where you can set up an account, link it to the bank account of your choice and pick up treasury bills, notes and bonds with a simple click. Even better, the interest you receive from these treasury securities is automatically deposited right back into the same bank account you used for your initial purchase. The site even includes calculators and other resources for investing in treasury securities, generally considered one of the most stable investments available.

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    Sharebuilder

    Sharebuilder allows you to buy stocks in fractional amounts, making it much easier to invest. It’s not exactly a new concept — Direct Purchase Plans and Direct Reinvestment Plans (known as DRIPs) provide the opportunity to buy smaller portions of a company than a single share. However, most DRIPs have certain requirements that can make them harder to use: you often already need to own a certain amount of stock in a company to get started. With Sharebuilder, as long as you have money, you can buy as much — or as little — stock as you want.

    The U.S. Securities and Exchange Commission

    I consider the SEC’s website to be an advanced investment tool. Personally, I don’t use it all that often — but there is an amazing amount of information available if you’re willing to sift through it. All publicly traded companies are required to file a number of different documents with the SEC and almost all of those filings are available online. The system has a bit of a learning curve, but you can get annual reports, information on a company’s securities and far more without a filter of news reporting or public relations spin.

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    Tip’d

    Tip’d is a site that recently left beta: I’ve been keeping an eye on it and, as far as keeping track of information that could affect your investments, it’s fairly useful. It’s a social media site and you can vote stories up or down. There’s a pretty wide variety of stories included on the site, but if you’re trying learn as much as you can about the market before making an investment, Tip’d is a good starting point.

    Inner8

    Another site that adds social elements to investing is Inner8. It’s still in beta, but this site has quite a few useful tools for investors. Site members have the opportunity to recommend specific stocks — as well as recommend against particular stock picks. You can also keep close track of any fellow investor that you feel has a particularly good grasp on investments: you can see how accurate a person’s predictions are and receive updates as soon as they make a new prediction. Inner8 also provides the standard information on specific stocks, like forecasts, trading information and news updates. This site was built by members of the team that established E*TRADE and the two sites work well together. I don’t recommend one online brokerage over another, but E*TRADE has one of the longest histories of such companies and is worth looking at when you consider such options. Ameritrade is another well-known option for trading online.

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    Getting Started With Investments

    Between these tools and this week’s introduction to various types of investments (part 1 and part 2), you’ve got the basic information to start researching investments. While I won’t offer up any investment advice — the right investment for me may be completely wrong for you — I would say that there are plenty of opportunities out there, even though the stock market and other investments have taken a beating lately. In fact, there are a few deals out there because of the current economic crunch. Much of this information could be used to maximize your 401(k)’s or IRA’s potential, if you’ve already set up a plan for retirement savings.

    You’ve got several options as far as next steps go. In general, knowing as much as you can about an investment before you actually risk your money is a good idea. However, if you aren’t interested or able to learn as much as you’d like before investing, you can always consult a professional. There are brokerages everywhere and all of them are happy to help you invest your money.

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    Last Updated on November 26, 2019

    How to Motivate Yourself: 13 Simple Ways to Try Now

    How to Motivate Yourself: 13 Simple Ways to Try Now

    Who needs Tony Robbins when you can motivate yourself? Overcoming the emotional hurdle to get stuff done when you’d rather sit on the couch isn’t always easy. But unless calling in sick and waking up at noon have no consequences for you, it’s often a must.

    For those of you who never procrastinate, distract yourself or drag your feet when you should be doing something important, well done so far! But for the rest of you, it’s good to have a library of motivational boosters to move along.

    Despite your best efforts, passion, habits and a flow-producing environment can fail. In that case, it’s time to find whatever emotional pump-up you can use to get started.

    Whether you’re starting a business, trying to los weight or breaking a bad habit, you’ll learn how to motivate yourself with different techniques here:

    1. Go Back to “Why”

    Focusing on a dull task doesn’t make it any more attractive. Zooming out and asking yourself why you are bothering in the first place will make it more appealing.

    If you can’t figure out why, then there’s a good chance you shouldn’t bother with it in the first place.

    2. Go for Five

    Start working for five minutes. Often that little push will be enough to get you going.

    3. Move Around

    Get your body moving as you would if you were extremely motivated to do something. This ‘faking it’ approach to motivation may seem silly or crude but it works.

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    4. Find the Next Step

    If it seems impossible to work on a project for you, you can try to focus on the next immediate step.

    Fighting an amorphous blob of work will only cause procrastination. Chunk it up so that it becomes manageable. Learn how to stop procrastinating in this guide.

    5. Find Your Itch

    What is keeping you from working? Don’t let the itch continue without isolating it and removing the problem.

    Are you unmotivated because you feel overwhelmed, tired, afraid, bored, restless or angry? Maybe it is because you aren’t sure you have time or delegated tasks haven’t been finished yet?

    6. Deconstruct Your Fears

    I’m sure you don’t have a phobia about getting stuff done. But at the same time, hidden fears or anxieties can keep you from getting real work completed.

    Isolate the unknowns and make yourself confident, you can handle the worst case scenario.

    7. Get a Partner

    Find someone who will motivate you when you’re feeling lazy. I have a friend I go to the gym with. Besides spotting weight, having a friend can help motivate you to work hard when you’d normally quit.

    8. Kickstart Your Day

    Plan out tomorrow. Get up early and place all the important things early in the morning. Building momentum early in the day can usually carry you forward far later.

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    Having a morning routine is a good idea for you to stay motivated!

    9. Read Books

    Read not just self-help or motivational books but any book that has new ideas. New ideas get your mental gears turning and can build motivation. Here’re more reasons to read every day.

    Learning new ideas puts your brain in motion so it requires less time to speed up to your tasks.

    10. Get the Right Tools

    Your environment can have a profound effect on your enthusiasm. Computers that are too slow, inefficient applications or a vehicle that breaks down constantly can kill your motivation.

    Building motivation is almost as important as avoiding the traps that can stop it.

    11. Be Careful with the Small Problems

    The worst killer of motivation is facing a seemingly small problem that creates endless frustration.

    Reframe little problems that must be fixed as bigger ones or they will kill any drive you have.

    12. Develop a Mantra

    Find a few statements that focus your mind and motivate you. It doesn’t matter whether they are pulled from a tacky motivational poster or just a few words to tell you what to do.

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    If you aren’t sure where to start, a good personal mantra is “Do it now!” You can find more here too: 7 Empowering Affirmations That Will Help You Be Mentally Strong

    13. Build on Success

    Success creates success. When you’ve just won, it is easy to feel motivated about almost anything. Emotions tend not to be situation specific, so a small win, whether it is a compliment from a colleague or finishing two thirds of your tasks before noon can turn you into a juggernaut.

    There are many ways you can place small successes earlier on to spur motivation later. Structuring your to-do lists, placing straightforward tasks such as exercising early in the day or giving yourself an affirmation can do the trick.

    Bonus: Staying Motivated Forever

    The best way to motivate yourself is to organize your life so you don’t have to. If work is a constant battle for you, perhaps it is time to start thinking about a new job. The idea is that explicit motivational techniques should be a backup, not your regular routine.

    Here are some other things to consider making work flow more naturally:

    Passion

    Do things you have a passion for. We all have to do things we don’t want to. But if life has become a chronic source of dull chores, you’ve got a big problem that needs fixing.

    Not sure what your passion is to get you motivated? This will help you: How to Get Motivated and Be Happy Every Day When You Wake Up

    Habits

    You can’t put everything on autopilot. I’ve found putting a few core habits in place creates a structure for the day.

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    Waking up at the same time, working at the same times and having a similar productive routine makes it easier to do the next day.

    This guide will be useful for you if you’re looking to build good habits: Understand Your Habits to Control Them 100%

    Flow

    Flow is the state where your mind is completely focused on the task at hand. While there are many factors that go into producing this state, having the right challenge level is a big part.

    Find ways to tweak your tasks so they hover in that sweet spot between boredom and maddening frustration.

    Easily distracted and hard to focus? Here’s your solution.

    Final Thoughts

    With all these tips I’ve shared with you, now you know what to do when you’re feeling unmotivated.

    Find your passion and develop a positive mantra so when the next time negativity hits you again, you know how to stay positive and motivated!

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    Featured photo credit: Pexels via pexels.com

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