Option trading is a precarious business. It is complex and speculative. It is clearly not a good activity for everyone. Investing through option trading can be risky. Winning is definitely not a certainty. Only a small number of people can successfully engage in option trading.There are some key things to be aware of before jumping in to the world of stock options trading. Do you know how much money you have to spend? How do you know what you can...more
The majority of people who try to sell their home this year will look to do so with a real estate agent, paying the big fees associated with that service to get their home on the market. Statistics show that roughly four out of every five people will choose to sell their home this way, but there is another option out there.In reality, if you know what you are doing you can save a lot of money by selling your property privately. To put it quite...more
How to Buy Notes...You and Your SellerSun Tzus is a famed Chinese warrior and everytime before going into battle he would instruct his soldiers to know their enemy.This same belief is also true with note buying.Knowing your seller should be the mantra for any note buyer or broker for that matter.Why is this?Not knowing your seller will place you in a position where you will be entering a negotiation with no idea of what your negotiating tactics will be.How to Buy Notes - My Recent Bid ExampleA bank has the mortgage on a house in Salt Lake City and they want to sell the 1st.Since the borrower hasn't paid on their note in over 120 days and the fact that the note had already matured, the whole loan could be called due.The foreclosure notice has not been served to the borrower by the bank.They want to know if you would be interested in buying their non performing note.The first thing to look for is price, what should I offer? Helpful documents are the title report and BPO. Also, contacting a local realtor for comps.Then I submitted by bid.I was told by my rep that she would need the approval from senior staff.She became very hesitant to answer my questions when I asked about the...more
Economics is not a complicated topic when viewed in a broad sense. The economy can either do well or do poorly. When it does well, prosperity lasts for a while, but it almost always slows down and starts to do poorly again in the future. Then, it will swing back up again. Those times of economic slow down are called "recessions." Recessions are...more
RECESSION is looming! Admitting it is not being negative. The signs are there. It may not be Nigeria's worst ever recession. But the economy is slowing down all the same. Are you prepared for it? Are your defences up against it? Will you be able to cope when it starts to bite?Asking -- and finding the right answers to these questions -- is the...more
IF you were presented with three choices -- time, money [seed or working capital] and good health -- which one will you absolutely go for? Which of the three will you hang on to while ignoring the other two?Tricky question, you say? Maybe. But I don't think so. Not when you give it a deep thought. Depending on the level you're in your entrepreneurship career, the answer is as simple and straight forward as ABC.Without a shadow of doubt, these three items are so essential for anyone to have enduring success in business. They are as important to a business as blood is to a living soul. None of the three is dispensable. But right now, you're being forced to take one only. So which of the three will get your nod?This is my own ranking of the three "must haves" in order of their importance to me.1. Good health.2. Money.3. Time.And this is the reason behind my choice:Good healthThis is the number one choice for me. It's so far ahead of the other two that I didn't even have to think before giving it my vote.Practically everything in life is achievable if there is good health. No matter how desperate your situation may be, if you have good health and sound mind, you can literally overcome...more
Financing is one of the most difficult tasks for any business, especially during a financial crisis. Obviously cash flow is the life's blood of any business, at any time, good or bad. The important thing to remember is that because of this crisis all...more
The problems IT Help Desk customers often encounterIf your company or organization has an in-house or outsourced IT Help Desk, chances are that some of your Help Desk customers are dissatisfied with the service they are receiving. Some of the many...more
In a challenging economic environment you often you must work harder and longer to maintain your profitability. If you can become 10 more efficient through the diligent use of office software, that can help make up for the losses of a bad...more
Lost your Job? Experiencing a sudden or unexpected career change? Worried about your future? The emotional response to career change is similar to dealing with loss as characterized by Kubler-Ross.DenialThere are typically two stages of denial that...more
Sometimes our closest friends, family members, and even our spouse can be lobsters. Are you acquainted with any of these walking, talking crustaceans? You probably know lots of them, and you're in good company if you do. Almost everybody has at least...more
For a society as complex as the United States, categorization is very important. From the legal area to the political, from the medical area to the academic, every field has categories. The area of finance is no different. One aspect of finance that...more