Do You Get Scared When the Market Falls?
Why?
If you do, you are employing the wrong strategy and you should
STOP right Now!
Companies are bought and sold every day on "emotion" and not on
"value". That's why the market goes UP and DOWN! If you believe
fundamentals rule the price of a stock, think again.
The price is dictated by the simple rule of "supply" and "demand".
More sellers means that prices will go lower - it's that simple!
There are certain creatures in the market known as, "market makers".
They buy atr one price and sell at another. They aren't fussy -
they just make profits.
A pro trader gets excited when the market falls and when the market
rises. However, a stock holder starts to go green when the market
falls.
What happens when a nation has so much debt that more and more money
is required to service the debt? Do you think there will be some
selling of stocks? What happens when traders lose confidence in the
economy?
The stock market goes down!
You see, the market works according to two forces: GREED and FEAR.
Do you really want to be a stock holder? Wouldn't you rather be a
stock trader or an option trader - where you play the market UP or
DOWN? It may require a little work but I suggest you learn to trade
the market UP, DOWN or SIDEWAYS, because this is exactly what pro
traders know how to do and if you don't you will fail as a trader.
Get a professional education from Bill Poulos - a trading course
that gives you the trading SECRETS that 95% of all traders don't
even know exist. I'm including a link here that also gives you a
great online course for free even if you don't buy.
Bill's trading course is PROFOUND, ENLIGHTENING, and most important,
it's USABLE. He doesn't make crazy promises and set expectations so
high that they're impossible to achieve. He doesn't require that you
have an advanced degree in mathematics to understand his method.
The true beauty of Bill's course is that he's just like you and me.
He's been burned. He's learned a lot and he explains his course in
clear and easy-to-understand language with TONS of practical examples.
Here it is:
http://tinyurl.com/5nxro
Joseph Sgro writes THE 10 Simple Rules Ezine which presents the best
trading resources out there on the net, which smart traders use to
create trading profits. Go here for a FREE gift right now.
http://www.tutorhelp.com.au/ezine.html
(C) copyright 2005 Joseph Sgro
- posted by Mark Pane @ 8:45 PM 0 comments
When You Need Some Extra Cash--A Guide to Finding the Right Loan
Almost every day, you are involved in some type of financial transaction requiring an educated decision. And we all need extra cash from time to time. Maybe you need extra funds to purchase your "dream" home, or a more reliable vehicle. Perhaps you want to provide that "fairy book" wedding for your only daughter, or take that once-in-a lifetime paradise vacation.
Sometimes it is simply not practical to make a purchase by saving up the cash, and that's where a loan can help. Nearly everyone needs to borrow at some time in their life--to finance a house, buy a new automobile or send the kids to college. But with so many different types of loans from so many different financial institutions, how do you decide which is best for you?
When you set out to borrow money you are barraged with the jargon of the banking industry. Revolving loans, points, adjustable rates, bridge loans, beacon scores, amortization and on and on and on. It is important to understand these terms in order to get your best possible deal at the lowest interest rates that are currently available. Take some time, research the terminology and become a smart money shopper.
Not many years ago, banks were the only "boys on the block" when it came time to obtain a loan. You got dressed in your finest outfit, got a haircut, and shined your shoes in advance of your meeting with the bank manager. Today, loan providers are everywhere. Supermarkets, credit unions, television ads, daily credit card offers in the mail, finance companies, and the payday loan building on the corner. Where do you start? Obviously the first question--how much money do I need?--must be answered. If you are shopping for a home, for example, you will not be using a credit card. Here is where your neighborhood bank can help. And even Uncle Sam--if you get a Veteran's Administration (VA) or a Federal Housing Administration (FHA) loan.
Other types of loans available include: car loans, business loans, debt consolidation loans, home improvement loans, home equity loans, refinance loans, personal loans, payday loans, and bridging loans (used to "bridge" a short-term financial gap when cash is needed for a special project). There are nearly as many loan types available as there are reasons to borrow money. Approval for loans is based upon a number of factors, such as age, employment, income, and credit rating.
Even if you have a poor credit rating or bad credit history, you can still find a range of "bad credit" personal loans, although the interest rates are generally higher than on standard loans. Beware, however, of the "payday" loans. Sometimes called cash advance loans, check advance loans, deferred deposit check loans or post-dated check loans, however check cashers or finance companies refer to them--they are EXPENSIVE.
Usually, a borrower writes a personal check payable to the lender for the amount needed plus a fee. Let's say you need a quick $100 and write a check to the lender for $115. You receive $100 and the lender agrees not to deposit your check until your pay day arrives three days in the future. It cost you $15 to borrow $100 for three days! You don't even want to know the Annual Percentage Rate (APR)on that loan.
When you need credit, shop carefully. Compare offers and institutions. Look for loans with the lowest APR. Compare the total finance charges, which include fees, interest and of types of credit costs. By going online you can obtain a multitude of loan options including: interest rates, length of the loan and the actual total monthly payment cost.
Learn the lending terminology, understand the different types of loans that are readily available and then make a choice that is best for your unique situation. In the borrowing world, there is no "one-size-fits all" solution. Your credit history, ability to repay the loan in a timely fashion, and the purpose of the loan should all be thoroughly considered.
Information about Author
Larry Denton is a retired history teacher having taught 33 years at Hobson High in Hobson, Montana. He is currently Vice President of Elfin Enterprises, an Internet business providing useful information and valuable resources on a variety of timely topics. For a bank vault full of information, resources and suggestions about loans, visit http://www.LoanFolks.com
- posted by Mark Pane @ 8:43 PM 0 comments
