Barack Obama Officially Elected President

Major news companies are reporting that Barack Obama has defeated John McCain to become the first African American president of the United States. Obama had announced his presidential candidacy two years ago and now he will become the next president of the USA.

Hollywood Writers Go On Strike

Film and TV writers plan to go on strike Monday against the largest media companies over profits from DVDs and Internet programming. The Writers Guild of America board members voted to start the strike at 12:01 a.m. Pacific Time unless studios offer a better deal with bigger profits from DVD sales and shows sold and streamed over the Internet. They plan to start picketing in New York and Los Angeles after the strike captains meet and discuss and finalize the details.

The strike may have a big effect because all production will be stopped. The entertainment industry contributes about $30 billion a year and $80 million a day to Los Angeles.

Coors and Miller Brewing Companies Join Forces Against Busch

Coors and Miller brewing companies plan to combine their operations to compete against Anheuser-Busch. The new name will be MillerCoors. Right now their biggest competitor is Anheuser-Busch.

The change will save the two companies about $500 million dollars and will come from reducing the shipping distances, finding economies of scale in brewing operations, optimizing production, and getting rid of duplicate corporate and marketing services. They expect the company to have annual beer sales of about $6.6 billion dollars. With the money that they save they plan to invest more to market their products and be able to compete better and more efficiently.

How to Invest Wisely

It takes a lot of skill to invest wisely. With the right information, knowledge, and strategy, you can turn pennies into lots of dollars. Here are some tips so that you can invest your money well.

First, you should find some information on how investing works. It is a good idea to go to the library and find books on investing. You can also visit sites, such as smartmoney.com and cnnmoney.com to find information.

When you decide where you want to invest, spread out your money by investing in more than one company or place. By doing this you can decrease your risk of a loss. It is a good idea to invest in companies of different sizes and industries. You can also invest in international markets.

You can hire a financial adviser to help you. You should find out if the adviser works on a commission or a fee basis and if they are affiliated with a mutual fund or bank. You can check an adviser’s credentials at cfp.net or napfa.org.

You should watch out for any type of fees associated with your investment. Mutual funds and stocks have operating fess. Be aware of high and low fees and types of investments that charge commissions. The less fees and commissions you pay the more profit you can make.

Now that you have learned about investments and fess, you should allow time for your money to grow before you thing about making any changes or adjustments. Investing is not a get rich quick scheme. It takes time, knowledge, and strategy. With the right elements, you can go very far with investing.