How to Change the Location of the Anchor Point

Hi
Very new to affter effects.... i was wondering if you guys could please tell me how to move the blue anchor for animation of text please.

If you just want to move the anchor point on your text layer you can do it by hand instead of going in and manually adjusting it from the transform menu as Dave suggested. 
However, by what you've written it seems like there may be some confusion about what moving the anchor point actually accomplishes.  So just to clarify, the anchor point, or the small crosshair icon usually in the middle or corner of the layer, is actually a customizable location that essentially dictates the center around which the position, scale and/or rotation values will change when your layer is animated over time with keyframes.
For example, if you would like to move the anchor point so that your text rotates around a point near the corner of the layer, you can press the Y key to activate the Pan Behind Tool and move the anchor point to the corner.  If you have CS6 you can hold down the Command Key to lock the anchor point to the center, corner or edge of your layer.  A little square will appear around the Anchor Point when it's ready to lock.
If you've keyframed some of the properties on a layer and would like to temporarily see how your layer looks without messing up any animation you've done on it, simply duplicate the layer by selecting it in the Comp's layer panel and going to Edit - Copy and Edit - Paste.  That way you can do whatever you'd like on the duplicated layer wihout harming your original  Then do one or more of the following:
A.) You can reset all of the trnsform properties of the layer by clicking Reset.  This will set your layer back to it's default transform settings.
B.) Or, you can delete all of the keyframes on an individual property by clicking the stopwatch again.
C.) Also, clicking the light yellow diamond next to the Source Name will delete a single keyframe and the arrows on either side will move the playhead from keyframe to keyframe.  You can of course always delete keyframes manually by selecting them in the timeline and hitting delete.  Holding Shift will snap the playhead to each keyframe.
I hope this helps and if you're still having trouble I highly reccomend you start here to learn After Effects or go here for additional information.

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