Archive for the ‘Making Money’ Category
Intro To Stock Day Trading - Risk v. Gain
Stock day trading is considered to be controversial by some people. Day trading provides a lot of fast-paced action for those who wish to trade in that manner.
Stock Day trading simply means that a stock transaction is completed during market hours. This means that no positions are held overnight. Some traders consider not holding stock overnight to be less risky.
Day trading can involve one completed transaction per day, or numerous completed transactions per day. How one decides to day trade will depend upon a number of criteria including individual trading plan, trading system, and personality of the trader.
Day traders typically look for stocks that fit into a number of criteria, that criteria might include stocks, which move a certain amount or have a certain amount of volatility throughout the day as well as stocks that are highly liquid allowing daytrader to get in and out of a transaction with ease.
As stated before, day trading can be risky. But the truth of the matter is that all trading can be risky. The SEC pays close attention to day trading, because there has been so many instances in which traders have lost large sums of money. The promises of huge an easy returns coupled with some greed and inexperience has left a bad taste in the mouth of some who have been involved in day trading.
Successful day trading is not about flying by the seat of your pants or throwing a bunch of things up against the wall to see what sticks. Successful day trading, like most successful trading is about discipline. Having the discipline to stick to your rules and pull the trigger when necessary and control your risks at all times are essentials to successful day trading.
In day trading, as with any trading, one should only risk capital that one can afford to lose… In other words, day trading with the mortgage payment money is completely out of the question.
Day trading can be very exciting and very profitable. Before you become involved in day trading prepare yourself to become successful. It’ll be important that you take your time and do not dive if headfirst into the arena of day trading without the proper preparation.
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Tags: daytrader, market hours, sec, stock day trading, stock transaction, trading system, volatile stock
New Business Development Gains Results
Sales development is the act of developing a agent in the act of sales. Sales, which can be done individually or as part of a team, is where a person sells a merchandise or service to a buyer. It is commonly thought that selling is the same as marketing but there is a distinct difference - marketing exists to advocate a item by making it attractive to a prospective customer and, through this, may passively produce a sale. On the other hand, a sales agent actively speaks with a prospective buyer, demonstrating specifically how their goods or service can assist the buyer by providing them detailed data. The best sales team is someone who works together with their buyer and works to meet the customer’s wants and goals with the item or service to be sold.
Sales is an important part of modern work models. Not only does the sales agent sell a corporate item or service, they also act to generate unique business prospects and find customers for their company, thereby supporting and developing their business’ customer base and reputation. Sales is often the public face of a business so it necessary that proper sales development is provided to the sales agent so that they can do well in their selling role but also know how to be the best believer possible for the product and the company.
There is a plethora of methods a company can employ to connect with their client. Direct sales - where the company interacts directly with their client - is probably the most familiar. The most recognized direct selling methods are door-to-door selling and telemarketing; in both cases the company directly connects with the buyer at home or at their place of business to tell them about the product. Another form of direct selling is ‘consultative selling’ whereby the company interacts directly with the client but first begins by collaborating with the client about what merchandise or services they need and creating answers in collaboration with the buyer. Companies also traditionally sell merchandise through retailers - so called ‘middle men’ - and through mail order, while the rise of the net has given companies a new way in which to deal with future customers. As can be seen, there is an incredible variety in the way companies contact, connect and potentially sell to a customer, which has increased the necessity of sales development.
Sales development concentrates on the range of methods a sales agent can use when directly dealing with the client, so important in these days of direct selling. Although there are a range of particular methods tailored for different varieties of selling, the main thought behind excellent sales practice is five-fold: analyze a buyer’s needs, offer solutions to the client, discuss the advantages of the product, overcome any questions the buyer may have and close the sale. This practice can sometimes be condensed to a three-part methodology: prospect the customer, present to the customer and close the sale.
Sales training courses are widely available with many training schools and specialist companies offering courses that you can take in person or via correspondence or the internet. Many large businesses have also developed their own in-house sales training programs. There are also a plethora of books available on the subject.
Competent sales development will always highlight the need to ask buyers questions in order to better give them solutions, will always highlight the necessity of understanding your merchandise and will include motivational material, as selling is a high-pressure job that not only needs a lot of self-motivation but also deals with a lot of rejection as well.
Incentive programs, what they’re for and how to use them are also included in a lot of sales training. These ’sales incentive programs’ or SIP’s, are a tool used to encourage a sales agent and lists specific goals for attainment, which aims to focus selling activity.
Sales development will teach you self-motivation, focus and exceptional communication talents and, as such, would stand any person in good stead for any leading role outside of sales, as well as within.
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Tags: developing incentive programs, motivation, new business development, sales development, updating your business
The Unique French Rooster Gold Coin
Coin collectors around the world admire and often covet the historic French 20 Franc Gold rooster French gold coin. More commonly known as the French Rooster gold coin, or Coq d’Or, it is one of the favorites of and most coveted by international gold coin collectors and investors.
This French gold coin was minted at the turn of the 20th century, beginning in 1901 until France found herself embroiled in the First World War in 1914.
French gold coins are known for their beauty and attractive displays of classic design and structure. While considered rare, the French Rooster gold coin is considered to be quite affordable, and is therefore the most popular of many gold coins produced in Europe.
Containing nearly a fifth of an ounce of pure gold, the facing front of this French gold coin displays the head of the third Republic lady surrounded by the words “Republique Franaise, the motto of the French Revolution.
The reverse side of the coin shows an exquisitely designed and presented fully plumed rooster with the words “Liberte, Egalite, Fraternite” etched in capital letters around the edges.
The phrase on the reverse side of the coin was created during the French Revolution against Louis XVI, and the front face of the coin, showing Lady Liberty, was established and created in the Franco-Prussian war of 1870 upon the defeat of Napoleon III.
Measuring 21.0 mm in diameter, the French Rooster gold coins contain 0.900 fineness. Coins predating 1901 are extremely rare, and are highly coveted by those with an appreciation for French gold coins displaying a sense of history and unique design.
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Tags: coin collecting, french rooster gold coin, gold coins
The Price of Gold Is Skyrocketing: Why The Gold Bull Market Isn’t Over
In March of this year, the price of gold per ounce hit an all-time high of $1,030.80.
On August 15th, gold hit a nine-month low of $773.
That’s a correction of 25%!
In just one month alone - from July 15th to August 19th - gold has fallen 20%.
Now, that’s just downright scary! I know there’s a lot of gold investors out there that are probably wondering if the gold bull market is over. At this point, you’re probably fed up and are thinking seriously of dumping whatever hard assets you have.
I’m going to provide you with a little bit of historical gold trivia that I hope will reassure you.
So, take a deep breath. Relax. And keep reading.
It may be comforting to know that the last great gold bull market of the 1970’s was also interrupted by similar corrections.
1. In November of 1978, gold had a 20% correction.
2. In October 1979, gold lost 13% in four days!
3. Gold had a horrendous correction in 1975, falling 50% from $200 per ounce to $100 in 1976.
At that time, everyone proclaimed that the bull market in gold was over. As gold investors well know, the price of gold continued its climb over the course of the next few years, not stopping until it hit $850 in 1980.
Okay, I know what you are thinking.
That was then. This is now.
Ah, but even in the current bull market, gold has had corrections similar to what we are experiencing now.
1. In the summer of 2006, gold fell 21%.
2. But by the end of 2007, gold had risen 45%.
The point I’m trying to make is that corrections, painful as they are, are normal in bull markets.
Now that we’ve taken a hard look at the statistics, we need to determine if the fundamentals for buying gold bullion are still intact.
Let’s go back to March when gold had climbed over $1000 an ounce.
You were pretty excited, huh?
Now, ask yourself: what was causing the price of gold to rise?
1. Inflation was on the rise
2. The dollar had long-term problems
3. Banks were failing
4. Mortgage lenders were facing insolvency
5. Housing prices were falling
6. The economy was on the brink of recession
7. Oil faced a long-term supply shortage
Okay, now ask yourself: have any of the 7 elements listed above changed? Think about it. If the gold bull market were over, we’d have:
1. Low inflation
2. Healthy banks
3. Stable housing prices
4. A new, major oil discovery
5. Increasing job creation
6. A falling unemployment rate
7. A fiscally responsible government
8. A strong dollar due to a balanced budget and a shrinking deficit
I don’t see any of the above happening anytime soon. Do you?
In conclusion, I would say it is safe to assume that the fundamental reasons for owning gold bullion, as a safe-haven investment, are still valid. I would further venture to say that gold - at $800 per ounce - is the buying opportunity of a lifetime!
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Tags: bull market in gold, gold investing, gold per ounce
Flipping Houses Is Not For Sissies
The world is a dangerous place and one of the most dangerous places is the television room. You see, television made my house collapse.
I was watching one of those renovations shows on television: Someone buys this little bungalow for a song then spends some money and some elbow grease renovating it. Then he or she sells the place for a huge amount of money. It looked so easy: Within an hour, the house is purchased, gutted and back on the market with nary a splinter or banged thumb. How hard can flipping houses?
Well, I’m no dummy. I know there is a lot you don’t see on those shows. You don’t see how long a project actually takes in terms of work hours. There are whole teams of people coming in on the shows, in some cases round the clock. Plus they are professionals who know every little trick to save time and money.
I also know that these shows don’t show you everything that happens during the project. Sure, you see them taking the first swing of the hammer and the strain of moving out the heavy furniture. But they don’t show you how they accidentally broke the china cabinet. Or how the “burnt sienna” paint looked closer to “hunter orange” on the wall.
They also don’t tell you that the person doing the flipping has been doing this for 20 years or more and knows how to do every task in the project. Or that he has friends who can do the parts he is less familiar with. Or that the show’s staff has all the connections needed to make the project sail swimmingly along.
No. They don’t tell you all that. They make it all look so easy. And at the end, the family stands at the end, all smiling and happy. They don’t tell you about the arguments that took place when the wife found her kitchen all torn apart. Or when she was told it would take “a little extra time” to fix it.
Well, I’m telling you about all these things now. So you don’t have to go through what I did. I was watching one of those shows and I thought, “Well, if they gut a whole house. I sure can expand our kitchen a bit.”
I had always thought that by removing the wall between the kitchen and dining room, the whole area would be so much more open. I thought it would be a big surprise for my wife. So one weekend, when she was out with the girls, I got started.
I took a sledge hammer and took out that wall.
Another thing they didn’t mention on those shows: Taking out load bearing walls can make the house collapse. I’m telling you now.
And that’s how television can make your house collapse.
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Tags: flipping houses, profit from real estate
Investing in Valuable US Gold Coins
One of the greatest hobbies that an American can partake in is collecting US Gold Coins. The value of the Gold and the Coin will keep going up. Preserving the value can be as simple as keeping the coins in mint or as near to mint standard as possible. The price of gold has been increasing despite the fluctuating costs.
There are benefits to collecting US gold coins. The rarity of older, less than mint condition US gold coins have even surpassed the value of the gold many times over. The US gold coins that are produced today contain the highest purities of gold known, along with having stunning profiles and being beautiful variations to increase collector value. With higher demand for US gold coins, the value goes through the roof. The current price of a rare US gold coin may be many, many times greater than the value of gold on its own.
Gold has many factors affecting its value. The value of US gold coins keep going up as more and more collectors come into the playing field. The demand for gold in products has raised a considerable amount especially for electronics, jewelry and coins. Inflation, political and economical influences and gold shortages make gold a valuable fluctuating precious metal.
Civilizations have used gold in everything from jewelry to statues of gods. The high malleable nature of gold makes it the perfect material for sculpting. Gold can be purified from non pure sources such as ores and scrap easier than has ever been done before. There is no doubt that gold is a beautiful and luxurious metal.
The collecting aspect of US gold coins helps boost the economy, it helps people trade in money for more money. Many goods and services will benefit from a stronger economy, this also boosts the value of gold. Those who own gold will take advantage of its increasing value.
The best places to find US gold coins are at any local places where you can get them for much lower than their worth. Most every city has yard sales and garage sales where you can find gold and coins for cheap. Many of the flea markets and local auction houses may have US gold coins. There is always the option of buying them directly from the mint, or from an online store.
Closing Comments
US gold coins are one way to make investing fun and profitable. You never know when your US gold coin collection will be work a fortune, make sure to keep up with both current gold pricing, and with gold coin pricing.
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Tags: collector value, invest in coins, mint condition, precious metals, us gold coins
