You probably grew up like I did, with your mother trying to instill in you a sense of propriety and humility. As kids, we are fearless about shouting out our accomplishments and trying to out-do one another. As we get older, though, we pick up on clues that other people don't like it when we brag about ourselves and we learn to keep our successes hidden. What we don't learn, though, is the right way to get credit for what we do...more
A consumer' credit history is recurrently trailed by credit rating agencies. The data reported by these agencies is mostly provided to them by creditors and includes whole account of the relationship a person has with the lender. Thorough account information, including payment history, credit limits, high and low balances, and any hostile actions taken to recover overdue debts, are all reported frequently. To live with dignity and pride, the...more
Mutual funds are considered to be the best option by some investment managers. These funds can be managed by professionals and have the potential to provide the investors with high returns. Mutual fund companies invest an investor's money in various stocks, bonds and other short term or long term securities. Top mutual fund companies ensure that the investors are provided with he best possible services and options.If a person chooses to invest in mutual funds then he/she has two options. He/she can either invest directly and purchase funds through several agents who sell mutual funds. The likes include banks, insurance companies, stock brokers and discount stock brokers. On the other hand an individual may buy mutual funds directly from a mutual funds company. One major advantage of dealing directly with mutual funds companies is that there are no transaction costs involved in the process. Unlike other mutual fund sellers, mutual fund companies do not have any hidden agenda. Also, an individual does not have to worry about the mutual funds being loaded (that is when owners have to pay transaction costs in the beginning, middle or at the end of the deal).Mutual fund companies invest...more
Developing a Profitable Relationship.You finally found that commercial property you want to buy - fantastic! Now what? All you need is the money and where do you get that? A commercial lender, of course. And here's the million dollar question - where do you find a lender you can trust, get the deal done, and with whom you enjoy dealing? You...more
Every market goes through trading cycles. There is no exception to this. Be it the Stock Market, The Futures or the Forex market. They all go through different phases. Today, I want to point the different phases in the Forex market, identifying which will help the trader know when to stay in the market and when to stay out. Range Days:...more
Most of us who are in business love to improve our business acumen. In general this involves reading or taking courses for which we often lack the time to do so. So we attend only the ones we have to, however audio books can solve this problem.With an audio book you can enjoy the same value of any business book when preparing to go to work in the morning, when commuting to and from work, or when doing your daily workout.Below are five of some of the best business audio books:It's not the big that eat the small... it's the fast that eat the slow - by Jason Jennings and Laurence HaughtonIn today's business, one of the single most common words that we need to embrace is "CHANGE". In this era where what was the latest yesterday is no longer the latest today, we need to constantly be ready to embrace change.This audio book by Jason Jennings and Laurence Haughton, provides you with all of the information on how to keep your company afloat, despite the ever-changing nature of business today.Asserting that the fastest organizations in the world today will be those that will thrive, this audio book shows you how to make your company or business among the fastest, using the power of...more
After you`ve set your initial stop loss, chosen your method for calculating your trailing stop loss, and implemented all your money management rules, there is one last thing you should do; you should begin back testing your system.With out back...more
In Part 1 of Designing a Trading System in MetaStock, I had discussed the major components you needed to be able to track to create a mechanical entry system. These were measures of price, liquidity, trend, and volatility. The question now is, how do...more
One day, while Chicken Little was walking in the woods, an acorn fell and hit him on his head."Goodness gracious me!" said Chicken Little, "The sky is falling, the sky is falling. I must go warn everyone."We see this all the time. The stock market...more
Humpty Dumpty sat on a wall;Humpty Dumpty had a great fall. All the King's horses And all the King's menCouldn't put Humpty together again!You know this tragic story.During the 45+ years that I have been a financial advisor, I have seen this over...more
Once upon a time, there was a young hare, a hotshot rabbit investor who would always brag to anyone that would listen and that he was the smartest, fastest, best performing investor in the world. He would constantly tease the old tortoise about his...more
The 10 dumbest things investors say to advisors.1} When my investment gets back up to what I paid, get me out.This is surely a big mistake. That stock has absolutely no idea that you're waiting for it to go up so that you can sell.2}The stock is...more