There has been a steady increase of the amount of people looking into the option of starting a business of their own. One main reason for this is that any type of job security is becoming a thing of the past. On top of this, wages for the average worker is dropping, work hours are being reduced and benefits are being slashed. All this adds up to a lot of financial insecurity and discomfort for a lot of people. As a solution to alleviate this, some people are considering starting a business of their own.If this is a direction you are thinking of taking, you should look into an online business first. An online business fits into most people’s lifestyles since they are not necessarily obligated to spend eight hours or more a day on them. This also makes them a very convenient way to secure one’s future by being able to work around everything else you are already in.Here are a few things that you should consider first.Choosing an Online BusinessThere are thousands of business models that you can choose from, which on one hand, will make it a bit easier for you to find something you would be well suited for. The down side to this is that it can get very confusing looking at so many options, that unless you have a general idea in place first, you could end choosing something that isn’t quite what you wanted. You should start with a list of some important things to ensure you only consider an online business that will work best for you.How Much Time Do You Have To Devote?Each online business can be different…some are more time-intensive than others. You will need to be sure to find one that will fit into the amount of time you have to devote to it. If you can only devote an hour a day, you need to make sure not to choose something that will need you to spend five hours per day responding to shipping a product or answering emails.You might need to find a business that is flexible to how much time you give it daily. While you should devote time every day to your business, if you can find one that won’t fall apart if you have to leave it alone for a day or two, this is your best option.How Much Money Will You Be Able To Invest?While it is possible to make money online without an up front investment, the hard truth is that it will be nearly impossible to make a decent living online without investing into it. You need to figure out how much money you have to put into your business up front, and how much you can put in monthly.You probably won’t have much trouble finding a business model that won’t cost a lot of money, but knowing your financial budget will help you choose the right business to venture into.What Are You Interested In?While you do want to make money, it will help to have an interest in the niche you choose. If you aren’t a little passionate about the subject, you are going to have a harder time building your business.There is almost any niche you can think of that you can make money with, be it health, hobbies, pets or teaching others how to operate their own business, so there is little reason why you have to get into a niche you don’t care about.Work Hard and You Will Be RewardedWhen you decide to start your own business, you are putting yourself in position to reap a lot of rewards. Ultimately, you will have to work hard to grow an online business and make good money, but when the business is yours you will get a lot more benefit and satisfaction from the work you put into it. And when you can focus on this venture full-time, it will never make you feel like you’re “working” again.
S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows
Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.
The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.
Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.
Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.
Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.
From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.
S&P 500 Tests Resistance At 3730
S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.
If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.
On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.
Take Advantage of Online Finance Management Tools to Manage Your Finances Better
Managing your finances is not always easy. It is a time consuming task to keep track of all your bank accounts, credit cards, mortgages and various other details of your personal finance. Traditional way of book keeping doesn’t solve your problem and most good personal accounting software comes at a price.However, the good news is that there are better and free ways to keep track of your finances. What I am talking about here is free online personal finance management tools which not only help you manage your finances by making it easy for you to keep track of your bank accounts and other financial details but also makes it easy for you to take financial decisions wisely by providing sophisticated analysis. These online tools if used properly can be of great help as apart from tools to manage your various accounts they also offer tools which helps you to analyze your spending, project your savings etc..If you are still clueless about what I am talking about or have heard about online finance management tools for the first time, you may like to take a look at Mint.com. Mint is perhaps the most popular online personal finance management tool at the moment. It is a free service that integrates all your bank accounts, credit card accounts at one place which makes it easy for you to keep track of them. This saves you the trouble of keeping track of your bank accounts manually which can be quite time consuming if you have multiple bank accounts (we all have right?). Imagine all your bank accounts being tracked for debit/credit and being updated for you to view it on the same place. Sounds quite convenient, isn’t it? These online personal finance management tools provide you with exactly the same thing.Moreover the online personal finance management tools also provide you with customized analysis of your spending and projection of savings thereby enabling you to make better financial decisions.Security has been always an issue with financial matters, more so when it comes to trusting a third party website with your bank account details. But most of these websites works by authenticating your bank accounts in a standard secure way which doesn’t require them to store your account credentials and it is verified using standard gateways. This makes them more secure to use.These online tools only make your life simple by providing you with easier ways to manage your personal finances. You can try out any of these free online tools and know for yourself. There are many online personal finance management tools available today for you to take advantage of them. Just choose any of these services and manage your finances in a better and easy way