Thursday, October 04, 2012

Pretty soon, I'll be so rich I'll need a monocle!

Like most people, I want to get into investing, and like most people, I don't really have enough money to get into investing the way we usually think of it.

So I was actually happy to have been referred to the Cedar Finance site that allows digital options trading.

I see I've left a few people behind.  Let me explain:  Digital options are a new financial tool; also called a "binary option", a digital option lets you get a payout after a stock hits a fixed, predetermined price.

Cedar Finance lets you invest in digital options using small amounts of money, and helps even novices get into the investment game by providing a professional, objective platform for trading the options.  But they don't just throw you to the digital wolves -- they provide a personal account manager who will give you assistance over the phone, email, or online chat, and they help minimize your potential losses by providing not just potential profits of up to 81%, but also by letting you get back some of your original investment if your analyses don't work out and you lose money.

That's what appealed to me: the ability to start investing smaller amounts of money, with assistance, and with less risk of losing it all than many other investments.  Even an initial investment of only $100-$200 could lead to returns of hundreds of dollars, and Cedar Finance doesn't give people a hard time withdrawing their earnings.  Plus it's web-based, so you can keep up with your trading and investing anywhere you go: home, work, Hawaii.

(Hey, I can dream, right? And if I invest right, it's not a dream.)

I plan on trying this out: I need to get more money invested anyway, and this seems to be a fun, interesting, and potentially profitable way to do that.

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