Evan came into my Creating a life in music class at McNally a few weeks ago. He spoke about Investing and retirement. Here are the main points I got from it.
-When you are younger, you can take more risks. Equities, growthfunds.
-When older, shift to safe investing - Bonds and securities.
-Mutual funds. Investing in multiple companies, safer because if one company goes under, you are still invested with other companies.
-IRA (individual retirement account). Traditional vs Roth.
-Start a retirement fund ASAP. The sooner the better. Use the compound interest to your advantage. The longer you invest-the more money you make.
-Hardest investing principle- Buy all the way down. Keep buying even when the market is going down. If you look at the overall shape of the economy over many years IT ALWAYS GOES UP.
-LLC vs Liability insurance. LLC's good for over 100k salaries. Insurance is cheaper (just Evan's opinion, many would argue).
Wednesday, November 17, 2010
Tuesday, November 2, 2010
Kareem's Social Media Presentation
I was able to come away with a few important key notes from Kareem's presentation.
1 - Myspace is not dead. Google usually has myspace in a very high rank in searches. Almost always on the first page. Having a myspace is important for getting exposure.
2 - Use social media for fan interaction and input. Don't just have fans on twitter and myspace, but have them give input and offer discounts and free stuff from your twitter to generate interest.
3 - Google analytics. Having more links to your sites will give you a higher ranking on google searches.
4 - Reserve your name on many websites. Getting your name saved on different sites will stop others from using your name and potentially damaging your online image. You can use namechk.com to see the availability of your name on a ton of different sites.
1 - Myspace is not dead. Google usually has myspace in a very high rank in searches. Almost always on the first page. Having a myspace is important for getting exposure.
2 - Use social media for fan interaction and input. Don't just have fans on twitter and myspace, but have them give input and offer discounts and free stuff from your twitter to generate interest.
3 - Google analytics. Having more links to your sites will give you a higher ranking on google searches.
4 - Reserve your name on many websites. Getting your name saved on different sites will stop others from using your name and potentially damaging your online image. You can use namechk.com to see the availability of your name on a ton of different sites.
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