Monday, April 12, 2010

I wanted to create a multi-purpose blog. A spot where I could write down my thoughts, but also communicate with my readers on a more personal level. Before I get started, I need to thank my lovely wife for peer pressuring me into keeping a blog and for making it look a lot less bland than other blogs I have kept.




My first finance book is coming out very soon. As a licensed Life, Accident, and Health insurance agent in New York, I tackle the subject of annuities. Titled The Complete Guide to Investing in Annuities: How to Earn High Rates of Return-- Safely, this is my first book. Annuities were the hardest thing for me to grasp when I was training to be an agent; they are definitely the most complex form of insurance that I sold. However, annuities do not necessarily need to be a mystery. There are two main types of annuities that you need to be aware of: fixed and variable. The fixed category covers any annuity that has a built in rate of return; variable annuities fluctuate based on the performance of a larger index. Although there are many subtypes of annuities, these two terms will help you navigate your way around making a purchase. Do you want the guarantee of a minimum rate of return? or do you want something that is going to keep up with the rate of inflation, even if this means that it will not increase in value each year? These larger questions are vital in selecting the right annuity for you. This book can be purchased here.


I have also just finished work on a second book for the financial world. The Complete Guide to Selling Stocks Short: Everything You Need to Know Explained Simply covers a very different type of financial product. Selling stocks short is considered a high-risk type of trading. This can be very promising as far as investments go though, as long as you know what you are doing. Basically, the premise of this book is to show people how to benefit from falling stock prices. Rather than buying a share of stock and holding it indefinitely waiting for prices to rise, selling short involves selling the stock first and hoping that prices drop. When you finally buy back the shares originally sold, hopefully you will be buying them at a discount. This book can be ordered here.
I plan on updating this blog at least once per week. As the release dates of these books gets closer, I will be having a contest to win a free copy of one of each of these books-- so check back in often!

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