Finance Questions

Posts Tagged ‘magazine’

Question: What are the best Personal Finance resources for 20somethings?

I am 23 years old, a college graduate just starting off my career. No kids or marriage yet. What are the best books, magazines, sites, tools, etc. regarding Personal Finance at this stage of life? A lot of what I've seen seems like good advice yet geared toward people with families, established in careers, and with tons of debt.

Answer: You need to look up Suze Orman, she has the perfect book for college graduates, forgot what it's called, saw her on public television speaking to college students. Best of luck to you. Stay single.

Magazine Scams Abound

Question: what percentage of overal trading volume are Personal Finance traders?

For example, how much are prices of stocks affected by institutions (e.g. funds) and how much by small personal traders. If they recommend a stock in a financial magazine (e.g., Kiplinger), will it affect its price significantly - individual traders wanting to buy it? How big volumes are "day traders" - 10%, 20% or 0.2%?

Answer: Goldberg and Lupercio, two analysts of the online trading industry, estimated that about 40% of all trading volume comes from a group of 50,000 "semi-professional" traders who use the major online brokerage firms. The analysis was for the year 2003.

So a good guess would be 40%.

Auburn University Women's Philanthropy Board 2010 - Knight Kiplinger