Does not sound very interesting does it? Well for those of you that like money and dealing with the stock market and investing might think differently. I happen to find all of this interesting, but due to the fact I am still learning it, it makes understanding it very complicated. I am finishing up on week 3 of my Finance class and I must say as I am reading this stuff, it can be very confusing.
The upside to this is I am still learning despite it all. The other day while visiting a client, I was able to speak in his language when he questioned me about the stock market. He is a major stock market watcher who sells and trades his own stocks. This process can be very tedious since you have to watch every second of it. He started talking to me about short selling and long selling. Which before this class I had no idea of what he was speaking and that would have made me loose some creditability. When you short sell a stock you make money on it before it starts to loose big. Basically you buy and when it makes a dip down you turn around and sell it right away. Long sell is when you buy a stock and sit on it until you make money over time. Wow…thanks for listening to that one. Point being even though this class is complicated; it is a great use of knowledge for me to carry.
This past week the Federal Reserve Bank dropped the interest rate to 3.5. This was huge for someone of us and I am hoping we can start to kick our economy into gear. It is truly becoming scary out there and I worry everyday about my job, finances and personal well being. I know this country has seen times like this before, but for me it is my first. The Fed Bank is there to help control our economy so at this time I am going to lean on them and hope they turn things around.