A: Becoming a millionaire is a goal of many. But getting there takes a plan that requires daily sacrifice.
Measuring how you'll need to save each day to reach the seven-digit club depends on many variables. The biggest what-if is how much of a return you get on your money as you save.
Assume an investor can get an 8% average annual return on their money, compounded monthly. Reaching $1 million in 20 years would require $1,697 to be saved and invested each month, or roughly $56 a day.
This is an oversimplification. There will be taxes to pay along the way on dividends and any capital gains that might be incurred. And due to inflation, being a millionaire in 20 years will be less impressive that if you were one today.
Top Penny Companies To Watch For 2015: Unwired Planet Inc (UPIP)
Unwired Planet, Inc. (Unwired Planet), formerly Openwave Systems Inc., incorporated on December 16, 1994, is an intellectual property and technology licensing company. As of June 30, 2012, the Company had patent portfolio of approximately 200 issued United States and foreign patents and approximately 75 pending applications, many of which is considered foundational to mobile communications. In May 2012, the Company officially changed name to Unwired Planet, Inc.
On February 1, 2012, the Company sold its location business to Persistent Telecom Solutions Inc. On April 30, 2012, the Company completed the sale of its mediation and messaging product businesses to Openwave Mobility, Inc. The Company generates revenue by licensing its patented innovations and technologies to companies that develop mobile communications software infrastructure or hardware and/or develop mobile communications products.
Advisors' Opinion:- [By James E. Brumley]
If you'd rather spend your hard-earned dollars on some bargain-priced stocks rather than face the Black Friday mania at the malls (wise choice, by the way), then you've come to the right place. And, you may want to start you bargain hunt with Metabolix, Inc. (NASDAQ:MBLX) and Unwired Planet Inc. (NASDAQ:UPIP). Both names have been unduly beaten up in recent weeks, and better still, it looks like UPIP and MBLX, are ready to recover... in spades. That's an important detail, as a bargain is only a bargain if it's something actually worth owning. Take a look.
Top Healthcare Technology Companies To Own In Right Now: China Life Insurance Company Limited(LFC)
China Life Insurance Company Limited provides life, annuities, accident, and health insurance products in China. Its individual life insurance and annuity products consist of whole life and term life insurance, endowment insurance, and annuities. The company also engages in the writing of life insurance business. In addition, it offers group life insurance products, including group annuity products, and group whole life and term life insurance products to enterprises and institutions, as well as universal life products. Further, the company provides short-term insurance products comprising short-term accident insurance and short-term health insurance products; accident insurance products, such as individual accident insurance and group accident insurance; and health insurance products, including defined health benefit plans, medical expense reimbursement plans, and disease specific plans. It distributes its products through its direct sales representatives and exclusive ag ents, as well as through intermediaries comprising insurance agencies and insurance brokerage companies, non-dedicated agencies, bancassurance arrangements, travel agencies, and hotels and airline sales counters. The company was founded in 1949 and is based in Beijing, China. China Life Insurance Company Limited is a subsidiary of China Life Insurance (Group) Company.
Advisors' Opinion:- [By Rich Smith]
China Life Insurance Company (NYSE: LFC ) has a new chief financial officer, announcing yesterday that on March 27, its board of directors picked Yang Zheng to serve as its new CFO. His appointment became effective April 26.
- [By Vanin Aegea]
I have heard many people comment about the insurance policies for cars, houses, life, assets, etc. The arguments always revolve around the same issue: Is it really necessary? What are the chances to be hit by a Hurricane, or to meet a sudden death? Well, nobody really knows. Some individuals however, sleep better when they know a policy backs their life investments. Here, I will look into three insurance companies that concentrate on different policies, or geographies. These are: China Life (LFC), and Conseco (CNO).
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Chinese stocks advanced early Monday, with strong gains for insurers helping support the market. Hong Kong's Hang Seng Index (HK:HSI) improved by 0.5% to 22,816.23, with the Hang Seng China Enterprises Index up 0.9%, while the Shanghai Composite (CN:SHCOMP) added 0.3%. China Life Insurance Co. (HK:2628) (LFC) added 2.5% in Hong Kong and 1.6% in Shanghai after swinging to a quarterly profit, while strong earnings for rival Ping An Insurance Group Co. (HK:2318) (PNGAY) (CN:601318) sent its shares up 2.2% in Hong Kong and 1.7% in Shanghai. Among other Hong Kong-listed financials, China Construction Bank Corp. (HK:939) (CICHF) (CN:601939) rose 1.1% despite posting earnings that trailed average expectations, while China Merchants Bank Co. (HK:3968) (CIHHF) (CN:600036) climbed 1.3% ahead of its own quarterly report due later in the day. Zoomlion Heavy Industry Science & Technology Co. (HK:1157) (ZLIOF) shot 7.8% higher after a Chinese journalist admitted to taking bribes to write reports damaging to the company. News reports had accused the major contruction-machinery firm of acc
Top Healthcare Technology Companies To Own In Right Now: Pioneer Energy Services Corp (PES)
Pioneer Energy Services Corp., formerly Pioneer Drilling Company, incorporated in 1979, provides drilling and production services to independent oil and gas exploration and production companies throughout much of the onshore oil and gas producing regions of the United States and internationally in Colombia. The Company operates in two segments: Drilling Services Division and Production Services Division. The Company�� Drilling Services Division provides contract land drilling services. The Company�� Production Services Division provides a range of services to oil and gas exploration and production companies. On December 31, 2011, the Company acquired Go-Coil, LLC.
Drilling Services Division
The Company�� Drilling Services Division provides contract land drilling services with its fleet of 64 drilling rigs in South Texas, East Texas, West Texas, North Dakota, North Texas, Utah, Appalachia and Colombia. As of February 10, 2012, 55 drilling rigs are operating under drilling contracts, 44 of which are under term contracts. In 2011, the Company established its West Texas drilling division location location where it has 18 drilling rigs operating. In addition to its drilling rigs, the Company provides the drilling crews and the ancillary equipment needed to operate its drilling rigs. Its drilling contracts provide for compensation on either a daywork, turnkey or footage basis.
As of February 10, 2012, the Company owned a fleet of 54 trucks and related transportation equipment that it uses to transport its drilling rigs to and from drilling sites. Under daywork drilling contracts, it provides a drilling rig and required personnel to its customer who supervises the drilling of the well. Under a turnkey contract, the Company agrees to drill a well for its customer. It provides technical and engineering services, as well as the equipment and drilling supplies required to drill the well. The Company often subcontracts for related services, such as the provision of cas! ing crews, cementing and well logging. Under footage contracts, it is paid a fixed amount for each foot drilled.
The Company competes with Helmerich & Payne, Inc., Precision Drilling Trust, Patterson-UTI Energy, Inc. and Nabors Industries, Ltd.
Production Services Division
The Company�� Production Services Division provides a range of services to oil and gas exploration and production companies, including well services, wireline, coiled tubing and fishing and rental services. Its production services operations are managed through locations concentrated in the United States onshore oil and gas producing regions in the Gulf Coast, Mid-Continent, Rocky Mountain and Appalachian states. The Company provides its services to a diverse group of oil and gas exploration and production companies. Under well services, it provides rig-based well services, including maintenance of existing wells, workover of existing wells, completion of newly-drilled wells, and plugging and abandonment of wells at the end of their useful lives.
The Company provides wireline services in Texas, Kansas, Colorado, Utah, Montana, North Dakota, Louisiana, West Virginia, Wyoming and Mississippi. The Company�� Coiled tubing is used for a number of horizontal well applications such as milling temporary plugs between frac stages. Its coiled tubing business consists of ten coiled tubing units which are deployed in Texas, Louisiana, Oklahoma and Pennsylvania. The Company�� rental and fishing tool business provides a range of specialized services and equipment that are utilized on a non-routine basis for both drilling and well servicing operations. It provides rental services out of four locations in Texas and Oklahoma. As of February 10, 2012, the Company had a total of 91 well service rigs. Its well service rig fleet consists of eighty-one 550 horsepower rigs, nine 600 horsepower rigs, and one 400 horsepower rig. As of February 10, 2012, the Company had 109 wireline units in 24 locations.
The Company competes with Key Energy Services, Basic Energy Services, Nabors Industries, Superior Energy Services, Inc,CC Forbes, Schlumberger Ltd., Halliburton Company, Weatherford International, Baker Hughes, Superior Energy Services, Basic Energy Services, and Key Energy Services, Quail Tools and Knight Oil Tools.
Advisors' Opinion:- [By Lisa Levin]
Pioneer Energy Services (NYSE: PES) shares touched a new 52-week high of $11.58. Pioneer Energy shares have jumped 40.39% over the past 52 weeks, while the S&P 500 index has gained 21.92% in the same period.
- [By Chuck Carnevale]
Therefore, risk and earnings growth rates will represent counteracting forces affecting starting or current valuation (PEs). This partially explains why a 3% grower (less risky to achieve) might command the same current valuation PE of, for example, an 11% or 12% grower (riskier and harder to achieve). But this is a critical point; the faster grower will generate a higher future return than the slower grower, ceteris paribas.
Top Healthcare Technology Companies To Own In Right Now: New Mountain Finance Corp (NMFC)
New Mountain Finance Corporation, formerly New Mountain Guardian Corporation, will be a holding company with no direct operations of its own, and its only business and sole asset will be its ownership of common membership units of New Mountain Guardian Holdings, L.L.C. (NMG LLC), the operating company for its business. NMG LLC will be an externally managed finance company, which will own all of the existing assets, and will have assumed all of the existing liabilities, of the Guardian Entities following this offering.
NMG LLC will be managed by New Mountain Guardian Advisors BDC, L.L.C, a wholly-owned subsidiary of New Mountain Capital, L.L.C. (New Mountain). New Mountain focuses on investing in high-quality, defensive growth companies across its private equity, public equity and credit investment vehicles.
Advisors' Opinion:- [By Monica Gerson]
New Mountain Finance (NYSE: NMFC) fell 2.33% to $14.23 after the company priced 3.5 million shares at $14.57 per share for net proceeds of $51 million.
Top Healthcare Technology Companies To Own In Right Now: PetroLogistics LP (PDH)
PetroLogistics LP owns and operates propane dehydrogenation (PDH) facility. The Company is located in the vicinity of the Houston Ship Channel. As of April 23, 2012, the Company had an annual production capacity of approximately 1.45 billion pounds of propylene. Its PDH facility uses a CATOFIN dehydrogenation technology pursuant to a fully-paid license from CB&I Lummus. It derives its sales from three different sources: propylene sales, hydrogen sales, and mixed stream of butane and butylenes (C4 mix stream) and heavier hydrocarbons (C5+ stream) sales.
Contracted Propylene Sales
The Company has propylene sales contracts with The Dow Chemical Company (Dow), Total Petrochemicals USA, Inc. (Total), and INEOS Olefins and Polymers USA (INEOS), each of which use the propylene it supplies in the acrylic acid, polypropylene and acrylonitrile plants. Effective January 1, 2012, it added BASF Corporation (BASF) and LyondellBasell Industries N.V. (LyondellBasell) as additional contracted customers. It delivers propylene to these customers through its integrated pipeline system, which connects its facility to the Dow and Total plants and the LyondellBasell system, and through interconnected third-party pipelines, which connect its facility to INEOS and BASF and to other potential propylene customers.
Spot-Market Propylene Sales
Through the Company�� integrated pipeline system, the Company accesses other consumers of propylene, which it is able to supply on a spot basis with its excess production capacity. It manages its contract and spot portfolio.
Hydrogen Gas Sales
As part of the PDH process, the Company produces commercial quantities of hydrogen. Hydrogen is consumed in refinery processes, including fuel desulphurization.
C4 Mix/C5+ Streams Sales
The Company produces commercial quantities of C4 mix/C5+ streams. It sells the C4 mix stream to specialty chemical consumers or refiners and these customers tran! sport the purchased volumes from its facility by truck. The C5+ stream, which is heavy in aromatics, is transported by its pipeline to a Kinder Morgan terminal, and then sold to Texas Aromatics for use in the chemical or gasoline markets.
The Company competes with Enterprise, Chevron Phillips, ExxonMobil Chemical, Shell Chemical, Flint Hills and the Williams Companies.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of propane company PetroLogistics (NYSE: PDH ) fell as much as 10% today after reporting earnings.
So what: Sales dropped 18% from a year ago to $159.4 million but the company swung to a net income of $41.4 million. On an adjusted basis net income fell from $64.4 million a year ago to $37.8 million in the second quarter. �
Top Healthcare Technology Companies To Own In Right Now: Heritage-Crystal Clean Inc.(HCCI)
Heritage-Crystal Clean, Inc. provides industrial and hazardous waste services to small and mid-sized customers in the United States. Its services comprise parts cleaning, containerized waste management, used oil collection and re-refining, and vacuum truck services. The company provides its parts cleaning services by offering parts cleaning equipment and chemicals to remove oil and grease, and other contaminants from engine parts and machine parts requiring cleaning. It also offers containerized waste management services by collecting drums, pails, boxes, and other containers of hazardous and non-hazardous waste materials from its customers. The company provides its vacuum truck services for the removal of mixtures of oil, water, and sediment from wastewater pretreatment devices. In addition, Heritage-Crystal Clean, Inc. provides bulk used oil collection services; and customer visit and accumulated oil removal services. As of December 31, 2011, the company operated 94 used oil collection trucks. Its customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small manufacturers comprising metal product fabricators and printers. The company operates a network of 67 branch facilities. Heritage-Crystal Clean, Inc. was incorporated in 2007 and is headquartered in Elgin, Illinois.
Advisors' Opinion:- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Heritage-Crystal Clean (Nasdaq: HCCI ) .
- [By Seth Jayson]
Heritage-Crystal Clean (Nasdaq: HCCI ) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 23 (Q1), Heritage-Crystal Clean missed estimates on revenues and missed expectations on earnings per share. - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Heritage-Crystal Clean (Nasdaq: HCCI ) , whose recent revenue and earnings are plotted below. - [By Seth Jayson]
Heritage-Crystal Clean (Nasdaq: HCCI ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 15 (Q2), Heritage-Crystal Clean beat slightly on revenues and 0 on earnings per share.
Top Healthcare Technology Companies To Own In Right Now: MOJO Organics Inc (MOJO)
MOJO Organics, Inc., incorporated on August 2, 2007, engages in product development, production, marketing and distribution of CHIQUITA TROPICALS. CHIQUITA TROPICALS are a 100% fruit juice, produced under license agreement from Chiquita Brands. The Company�� product flavors include Banana Strawberry, Mango, Passion Fruit, and Pineapple.
The Company�� juices are produced without preservatives and without added sugar. The Company produces and packages the CHIQUITA TROPICALS products through production facilities and services on a contract basis.
The Company competes with The Coca-Cola Company and PepsiCo, Inc.
Advisors' Opinion:- [By Lisa Levin]
Catalog & Mail Order Houses: The industry gained 1.13% by 10:15 am. The top performer in this industry was Mojo Organics (OTC: MOJO), which gained 6.6%. Mojo Organics shares have jumped 361.54% over the past 52 weeks, while the S&P 500 index has gained 16.18% in the same period.
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