A certain Mr Kerviel trading for French Bank Societe Generale just lost so much money that would extinguish the economies of some small developing countries.I mean an amount so large it is more then the GDP of some countries, what is the world coming to.
Question is, why do banks allow so much money in the hands of just one individual? the craze for greater profitability you may say.
Kerviel probably did not know he could loose so much, and just kept covering up and trading more so that he could maybe recover some of the losses, but instead he made more losses.Societe Generale says his actions cost it 4.9bn euros ($7bn; £3.7bn).
Tuesday, January 29, 2008
Wednesday, January 16, 2008
Subprime or Subwoes???
Real estate and Mortgage lending in America is in real bad shape,no thanks to the subprime woes.
Countrywide has gone bankcrupt and Bank of America becomes the nation's largest mortgage lender after buying Countrywide in a deal worth about $4billion, but the question is will that solve the problem.
With hundreds of people having to sell their homes to settle existing debts,it is hard to see where and when this will end.
Countrywide has gone bankcrupt and Bank of America becomes the nation's largest mortgage lender after buying Countrywide in a deal worth about $4billion, but the question is will that solve the problem.
With hundreds of people having to sell their homes to settle existing debts,it is hard to see where and when this will end.
Blogging For Dollars
When i first read about blogging and how it has made a lot of people rich,i doubted such possibilities.Well,you blame me,i come from a country where not untill now,people grew up with the impression that the internet was only a place where crime perpetrated.
I had a different mentally though,i had to convince myself otherwise and i did.My research led me to understand that people were indeed making a very comfortable living writing articles online and getting paid for those articles.And of-course you have the medium to reach out to a wide audience.
Blogging can really bring in the needed cash,but one has to beware in choosing the medium as there are lots of fraud sites out there.
Though not using them for now, my top picks are :
www.payperpost.com and www.smorty.com
A friend who uses smorty highly recommends them,and i hope to try them out some day.Payperpost i hear is awesome.
Happy blogging for dollars!!
I had a different mentally though,i had to convince myself otherwise and i did.My research led me to understand that people were indeed making a very comfortable living writing articles online and getting paid for those articles.And of-course you have the medium to reach out to a wide audience.
Blogging can really bring in the needed cash,but one has to beware in choosing the medium as there are lots of fraud sites out there.
Though not using them for now, my top picks are :
www.payperpost.com and www.smorty.com
A friend who uses smorty highly recommends them,and i hope to try them out some day.Payperpost i hear is awesome.
Happy blogging for dollars!!
All About Dropshipping
As a fulfillment to my earlier promise to make the next few posts a sort of a lesson on dropshipping, here we are.
For many years businesses have use dropshipping as a means to move merchandise to customers. It has become very popular especially with small business. It is one of the tools that business uses to enlarge the staff and to enhance the service. It also saves overhead expenses it saves gas and it saves time.
It just makes good sense if you are selling online, and especially if you are the only in your business, to use a drop shipper. When you use a drop shipper you have a larger inventory to offer your customers. Most companies do not have large warehouses to store merchandise even more so most companies cannot afford to rent or own a large storage facility. Many companies operate from one room in the home and use drop shipping to extend the company facilities. It is a very simple process if you want to use a drop shipper to help you move your merchandise. Some businesses have become a success because they have used dropshipping to enhance their business. When you are using drop shipping as a means to move your merchandise or to send orders you really don't have to leave your home.
All can be done from your computer or even a mail order catalog. Most homes today have computers and use them to sell merchandise online. All you have to do is send the wholesale cost of the merchandise to your drop shipper and the name and address of your customer and the dropshipping company will send your merchandise right to your customer's door. This saves you a lot of time because you don't have to address labels you don’t have to wrap packages and then go to the post office. You may stay at home and do all of this from your desk. It is much more convenient to dropship when you are getting your merchandise from the same company that is doing the dropshipping. Check with your drop shipper and become very familiar with the rules and regulations of the company. In many instances you can save money if you order larger quantities of goods from the company. This sometimes depends on whether you are dropshipping retail or whether you are dropshipping wholesale. There are many companies who sell both retail and wholesale and will dropship for both. Perhaps the most important thing you need to know before you start dropshipping is policies of the company.
The company policies will let you know what you can do and what you can not do. One thing you need to consider is what you will do with the merchandise if it is returned. Some dropship companies will not allow you to return merchandise. Some companies who offer to do dropshipping will sale return merchandise locally. Don't forget to check out the dropshipper’s reputation; in addition find out how long the company has been in business. When a company has been in business for a while you will know it by the way he does business. If you are in doubt about a company you are considering you can check with the Better Business Bureau.
Do further homework by doing a search on dropshipping directories, but you can check these few recommended by me:
http://www.worldwidebrands.com/
http://www.dropshippers.com/
Also check services like http://www.salehoo.com/ where you will have a huge list of trusted dropshippers at your fingertips
For many years businesses have use dropshipping as a means to move merchandise to customers. It has become very popular especially with small business. It is one of the tools that business uses to enlarge the staff and to enhance the service. It also saves overhead expenses it saves gas and it saves time.
It just makes good sense if you are selling online, and especially if you are the only in your business, to use a drop shipper. When you use a drop shipper you have a larger inventory to offer your customers. Most companies do not have large warehouses to store merchandise even more so most companies cannot afford to rent or own a large storage facility. Many companies operate from one room in the home and use drop shipping to extend the company facilities. It is a very simple process if you want to use a drop shipper to help you move your merchandise. Some businesses have become a success because they have used dropshipping to enhance their business. When you are using drop shipping as a means to move your merchandise or to send orders you really don't have to leave your home.
All can be done from your computer or even a mail order catalog. Most homes today have computers and use them to sell merchandise online. All you have to do is send the wholesale cost of the merchandise to your drop shipper and the name and address of your customer and the dropshipping company will send your merchandise right to your customer's door. This saves you a lot of time because you don't have to address labels you don’t have to wrap packages and then go to the post office. You may stay at home and do all of this from your desk. It is much more convenient to dropship when you are getting your merchandise from the same company that is doing the dropshipping. Check with your drop shipper and become very familiar with the rules and regulations of the company. In many instances you can save money if you order larger quantities of goods from the company. This sometimes depends on whether you are dropshipping retail or whether you are dropshipping wholesale. There are many companies who sell both retail and wholesale and will dropship for both. Perhaps the most important thing you need to know before you start dropshipping is policies of the company.
The company policies will let you know what you can do and what you can not do. One thing you need to consider is what you will do with the merchandise if it is returned. Some dropship companies will not allow you to return merchandise. Some companies who offer to do dropshipping will sale return merchandise locally. Don't forget to check out the dropshipper’s reputation; in addition find out how long the company has been in business. When a company has been in business for a while you will know it by the way he does business. If you are in doubt about a company you are considering you can check with the Better Business Bureau.
Do further homework by doing a search on dropshipping directories, but you can check these few recommended by me:
http://www.worldwidebrands.com/
http://www.dropshippers.com/
Also check services like http://www.salehoo.com/ where you will have a huge list of trusted dropshippers at your fingertips
Tuesday, January 15, 2008
Dropshipping Is Money !!
Okay, so you are starting a new online retail shop but you don't have the products, the storage space, no payment processor, you might want to read on because Over the next couple of articles, i read devote this blog to dropshipping.I know quite a few people who want to get this lucrative retailing business but do not know how to go about,some don't even know what dropshipping is all about.
All about Drop Shippers
The small business has a problem when they first start their business with finding a reasonable priced storage place. It is necessary to have a place to keep product stored until ready to put them in your retail outlet. This is expensive and a waste of space. That is why the sudden boom in having an online store. A small businessperson can set up their store from home and monitor it from home. The profit margin can be very high depending on the amount of time you spend searching for the right product and the right drop shipper. The right drop shipper is everything in the virtual online store.
The drop shipper helps you to get rid of all the issues that slow you down and cost you money. The advantages of using the right drop shipper can make or break your business. The following is a brief description of the advantages you as a business owner benefit by using a good drop shipper.
- First drop shippers do the research for products and provide you with their lists and catalogues of available items at trade prices. It is up to you to sell any of these items by any method you wish.
- You make the sell and receive payment before the drop shipper fulfills the order.
- Drop shippers package your orders so you never have to package an order again.
-Drop shippers send your orders out to your customers saving you a trip to the post office plus your name and address is on the product.
- Since your name and address is on the product, the drop shipper becomes invisible to your customers leaving you as the only person for them to contact.
- Drop shippers hold the entire product so you do not have to lay out many cash for product. You can spend your full focus on marketing and taking the money to the bank.
These are just some of the advantages of working with a drop shipper. The more reputable drop shippers offer you online help, your own web site and to a degree will advise you of the on going products that are hot in the market for today's sales. Remember in today's world product changes often as does the consumers need for the product. That is why it is very important that you work with a reputable drop shipper that can help you to keep a breast of what is going on today and what tomorrow looks like.
The drop shipper is the heartbeat of your company. Remember in order to maintain a good standing all the way round keep informed and up to date on all that is happening in the wholesale market. Use good senses when selecting a drop shipper to avoid fraud and misleading your customer do research on the different companies that offer the service. When you find the company, you are satisfied with then it is best to stick with the company you trust. The drop shipper is more than glad to let you know their ratings and the BBB will inform you of their business practice. The BBB is a good place to start your research on a drop shipper that you feel will fulfill your needs for your business. You should have in mind the types of products that you want to sell and how you want to handle your company then selecting the drop shipper will be a lot easier.
All about Drop Shippers
The small business has a problem when they first start their business with finding a reasonable priced storage place. It is necessary to have a place to keep product stored until ready to put them in your retail outlet. This is expensive and a waste of space. That is why the sudden boom in having an online store. A small businessperson can set up their store from home and monitor it from home. The profit margin can be very high depending on the amount of time you spend searching for the right product and the right drop shipper. The right drop shipper is everything in the virtual online store.
The drop shipper helps you to get rid of all the issues that slow you down and cost you money. The advantages of using the right drop shipper can make or break your business. The following is a brief description of the advantages you as a business owner benefit by using a good drop shipper.
- First drop shippers do the research for products and provide you with their lists and catalogues of available items at trade prices. It is up to you to sell any of these items by any method you wish.
- You make the sell and receive payment before the drop shipper fulfills the order.
- Drop shippers package your orders so you never have to package an order again.
-Drop shippers send your orders out to your customers saving you a trip to the post office plus your name and address is on the product.
- Since your name and address is on the product, the drop shipper becomes invisible to your customers leaving you as the only person for them to contact.
- Drop shippers hold the entire product so you do not have to lay out many cash for product. You can spend your full focus on marketing and taking the money to the bank.
These are just some of the advantages of working with a drop shipper. The more reputable drop shippers offer you online help, your own web site and to a degree will advise you of the on going products that are hot in the market for today's sales. Remember in today's world product changes often as does the consumers need for the product. That is why it is very important that you work with a reputable drop shipper that can help you to keep a breast of what is going on today and what tomorrow looks like.
The drop shipper is the heartbeat of your company. Remember in order to maintain a good standing all the way round keep informed and up to date on all that is happening in the wholesale market. Use good senses when selecting a drop shipper to avoid fraud and misleading your customer do research on the different companies that offer the service. When you find the company, you are satisfied with then it is best to stick with the company you trust. The drop shipper is more than glad to let you know their ratings and the BBB will inform you of their business practice. The BBB is a good place to start your research on a drop shipper that you feel will fulfill your needs for your business. You should have in mind the types of products that you want to sell and how you want to handle your company then selecting the drop shipper will be a lot easier.
Monday, January 14, 2008
Real Estate Investing
There are many methods for building fortunes in the world today. One of the most accessible even for the common entrepreneur however is real estate investing. In fact, you will find many rags to riches stories are built by investing in the real estate marketing in one form or another if not many methods for investing in this lucrative but risky field.
Real estate is a great strategy for the investor who is willing to make the time to learn about the options, risks, and potential rewards for this type of investment process. Some of the more common real estate investments are the following:
1) Rental property. Property ordinarily gains value over time unlike many other investments that may rise and fall quickly and without warning. The problem is that far too few people can actually afford to hold and maintain multiple properties over an extended and indefinite period of time while waiting for the value to rise. Many property investors manage to overcome this by renting the properties to tenants during the time when the property values are rising. This allows the tenants to essentially cover the note on the property and makes the venture a little less risky though there are risks involved when dealing with tenants (such as property damage, failure to pay the rent, and possible legal woes-the good tenants generally outweigh the bad).
2) Pre-construction investment. This is a highly speculative and very risky sort of property investment that has booms and busts. Many investors recently discovered exactly how risky this endeavor actually is when the property 'bubble' went bust so to speak. The risks involved in this type of investment should not cover up the fact that many millionaires have been created through pre-construction investing and many more will be created in the future. Pre-construction investing, just as its name implies is a type of investment in which investors purchase 'options' on the property before ground is broken. This is very popular in high demand areas that are known to experience housing shortages as prices often rise quickly and the units are often sold before they are completed and any 'real' money exchanges hands.
3) Flipping houses. This is a type of property investment that has made leaps and bounds in the last few years thanks to the popularity of many popular home improvement and house flipping shows on cable networks in the last few years. More and more people have decided to pursue this sort of investment in hopes of creating big profits in a short amount of time and with minimal investment. The problem, of course, is that it always looks much easier on television than it is in person. Couple this with the fact that many people have unrealistic expectations when it comes to costs and ability and there are plenty of risks involved with this type of investment as well. For those who are successful however, there is the potential for great profit in a relatively short amount of time as these televisions shows indicate.
4) Buy and hold. As mentioned above, real estate tends to gain value over time. Even if the buildings are in desperate need of TLC and repair the very land they are standing on is more often than not gaining value as the years pass by. Purchasing large lots of land or even several houses and holding on to them for as long as possible before selling can often fund college educations for children, pay for weddings, or greatly supplement retirement funds. The longer these properties are held the better in most cases as this provides the greatest opportunity for the value of the property to increase.
5) Lease options. There are few people in this world who never experience rough spots financially. Many of these people are denied traditional home loans because of their inability to cover debts properly in the past. For this reason they are often willing to pay for the privilege of rebuilding their credit while working towards a path of home ownership. For these people, a lease option presents a workable and often valued solution. Those investors who are willing to take the risks often find the rewards are well worth those risks.
These are only some of the investment opportunities that exist for those who are interested in real estate for an investment avenue. There are commercial real estate endeavors that have the potential to bring in big profits as well as the development and planning of housing communities as well. Needless to say real estate investing offers many opportunities to the savvy investor.
Real estate is a great strategy for the investor who is willing to make the time to learn about the options, risks, and potential rewards for this type of investment process. Some of the more common real estate investments are the following:
1) Rental property. Property ordinarily gains value over time unlike many other investments that may rise and fall quickly and without warning. The problem is that far too few people can actually afford to hold and maintain multiple properties over an extended and indefinite period of time while waiting for the value to rise. Many property investors manage to overcome this by renting the properties to tenants during the time when the property values are rising. This allows the tenants to essentially cover the note on the property and makes the venture a little less risky though there are risks involved when dealing with tenants (such as property damage, failure to pay the rent, and possible legal woes-the good tenants generally outweigh the bad).
2) Pre-construction investment. This is a highly speculative and very risky sort of property investment that has booms and busts. Many investors recently discovered exactly how risky this endeavor actually is when the property 'bubble' went bust so to speak. The risks involved in this type of investment should not cover up the fact that many millionaires have been created through pre-construction investing and many more will be created in the future. Pre-construction investing, just as its name implies is a type of investment in which investors purchase 'options' on the property before ground is broken. This is very popular in high demand areas that are known to experience housing shortages as prices often rise quickly and the units are often sold before they are completed and any 'real' money exchanges hands.
3) Flipping houses. This is a type of property investment that has made leaps and bounds in the last few years thanks to the popularity of many popular home improvement and house flipping shows on cable networks in the last few years. More and more people have decided to pursue this sort of investment in hopes of creating big profits in a short amount of time and with minimal investment. The problem, of course, is that it always looks much easier on television than it is in person. Couple this with the fact that many people have unrealistic expectations when it comes to costs and ability and there are plenty of risks involved with this type of investment as well. For those who are successful however, there is the potential for great profit in a relatively short amount of time as these televisions shows indicate.
4) Buy and hold. As mentioned above, real estate tends to gain value over time. Even if the buildings are in desperate need of TLC and repair the very land they are standing on is more often than not gaining value as the years pass by. Purchasing large lots of land or even several houses and holding on to them for as long as possible before selling can often fund college educations for children, pay for weddings, or greatly supplement retirement funds. The longer these properties are held the better in most cases as this provides the greatest opportunity for the value of the property to increase.
5) Lease options. There are few people in this world who never experience rough spots financially. Many of these people are denied traditional home loans because of their inability to cover debts properly in the past. For this reason they are often willing to pay for the privilege of rebuilding their credit while working towards a path of home ownership. For these people, a lease option presents a workable and often valued solution. Those investors who are willing to take the risks often find the rewards are well worth those risks.
These are only some of the investment opportunities that exist for those who are interested in real estate for an investment avenue. There are commercial real estate endeavors that have the potential to bring in big profits as well as the development and planning of housing communities as well. Needless to say real estate investing offers many opportunities to the savvy investor.
Forex; An Investment Guaranteed
It is now a well known fact that the forex market is the single largest Over-the-Counter market in the world with over $2.6 trillion daily turnover.The implication of this fact is that even a complete novice with professional guidance can make it big trading forex.
But before one gets into forex trading,there are certain things one must do, like picking the right broker,knowing the account sizes offered by the chosen broker,the funding and withdrawal options offered by the broker among other things.
Some brokers allow their clients to fund and withdraw using paypal,credit cards,e-gold and direct bank deposits or wire transfer.The leverage and spread offered must be taken into consideration too,as these can often be the diffrerence between profit and loss.
The newbie trader should also not sit and expect the pips(gains made trading forex are calculated in points or pips) to start rolling in,he must find whatever source for educating himself,www.babypips.com is the forex newbie's first and best port of call for his education and training.There, he will learn about both technical and fundamental analysis,key in analysing the markets and forecasting the prices which helps in determining a trader's entry and exit points.
There are news events that normally have a huge impact on the market,and a smart trader knows he has to be abreast with the latest tradeable news events.For the latest tradeable news events from the major economies like the US,Japan,The U.K,Australia and mainland Europe,visit www.forexstreet.com , and for an indepth discussion on forex,visit www.pipspro.com
But before one gets into forex trading,there are certain things one must do, like picking the right broker,knowing the account sizes offered by the chosen broker,the funding and withdrawal options offered by the broker among other things.
Some brokers allow their clients to fund and withdraw using paypal,credit cards,e-gold and direct bank deposits or wire transfer.The leverage and spread offered must be taken into consideration too,as these can often be the diffrerence between profit and loss.
The newbie trader should also not sit and expect the pips(gains made trading forex are calculated in points or pips) to start rolling in,he must find whatever source for educating himself,www.babypips.com is the forex newbie's first and best port of call for his education and training.There, he will learn about both technical and fundamental analysis,key in analysing the markets and forecasting the prices which helps in determining a trader's entry and exit points.
There are news events that normally have a huge impact on the market,and a smart trader knows he has to be abreast with the latest tradeable news events.For the latest tradeable news events from the major economies like the US,Japan,The U.K,Australia and mainland Europe,visit www.forexstreet.com , and for an indepth discussion on forex,visit www.pipspro.com
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