Please help me in deciding my future?
I’m 22 years of age, i’m an IT graduate, i failed in my first attempt of my final year project,did my second attempt and the result will be out in the end of july.should i fail my second attempt again, shall i settle for a general degree or should i pursue my 3rd class honors bachelors degree in computing again in other title?by the time i finish pursuing it i’ll be a year and a half behind trailing my peers,thus Time and Cost are contributing a major holdback to my decision making given that my financial standing isn’t favoring me. i’m six month out of job, the probabilty of some one hiring me for a decent job i’ll perceive it very unlikely given the absence of unemployed for six month.since the scenario isn’t to my favor i’ve thought of running a Dot Com marketing business (not MLM) if i should fail to seek any employment.another alternative which is online forex trading of which i’ve been following it closely for the past six month as well. so which 1 i should go for? sincere answer
There can be only one answer: To thine own self be true.
Think objectively about what it will be like to follow each possible decision. Where do you see yourself five, ten, twenty years down each of the various roads? Which road holds the least regret?
Don’t fall into the trap of being optimistic about the easiest road and only seeing the bad parts of the hardest road: Consider each separately and equally – look for the good and the bad. Try to get a realistic idea of where each road will take you.
And then: Go to where you want to be. If it’s a harder road, it’ll be all the sweeter when you get there. If it’s an easier road, congratulations. But don’t decide by looking at the road. Decide by looking at the destination to which it leads.
Waynez
What protections/put options are accessible by individual homeowners to protect against SF Housing price drops
I am moving to and buying a home in the San Francisco bay area (corporate relocation gives major subsidies to home purchases) but am a little afraid that I may be entering the market near the peak. I was wondering what kind of financial/ other instruments are available to individual investors that can act as a hedge against declines in the housing market (understanding that nothing will give 100% protection). I had come across futures that are being traded on the Chicago Merc Exchange ( http://www.cme.com/trading/prd/env/housingover16250.html ) but was not even sure how to approach what is potentially a very complex hedging instrument. Any ideas or suggestions are appreciated!
This is complex and may not be worth your time to investigate. You could hire a securities broker to do this for you.
Find a Real Estate Investment Trust, that invests in SF Real Estate (preferably residential) and short the stock.
Good Luck
What is the "Presidents Working Group"? What is this secret agency that answers to no one?
Among the revelations of last week’s market panic:
We’re still not allowed to know anything about the President’s Working Group on Financial Markets, which springs into action during times of crisis. Don’t ask what its members do or how they do it—even if you’re Hillary Clinton. Tuesday morning, in a press conference about the “global economic crisis,” she asked that the president call in these Über–Masters of the Universe, if he hadn’t already. (The PWG doesn’t have a spokesperson, and it doesn’t keep minutes of its meetings.) Only the Journal bothered to print White House spokesman Tony Fratto’s brush-off: “We don’t announce meetings or conference calls of the PWG.”
Treasury Secretary Hank Paulson, Fed chief Ben Bernanke, and the chairmen of the SEC and the Commodity Futures Trading Commission are its only known members. It dates to an executive order after 1987’s Black Monday—to “consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private-sector solutions wherever possible.” Thus its nickname: the Plunge Protection Team. Of course, the squishy “consult” language has long had conspiracy theorists speculating that it’s just a backroom market-rigging cabal for the Establishment. Or, you could think of it as the Wall Street Superfriends, equipped with X-ray vision to see deep into our financial malaise, and magic lassos to jury-rig the markets back together.
Either way, the White House would prefer that Clinton shut up about it. It “does not require ‘convening’ by the president,” Fratto sniffed, and he added that “everyone should understand that the members stay in regular communication and meet as needed.” Yes, yes—everyone understands.
I got dibbs on the reference.
"“Back during a stock market crisis in 1989, a guy named Robert Heller – who had just left the Federal Reserve Board – suggested that the government rig the stock market in times of dire emergency. . . . He didn’t use the word ‘rig’ but that’s what he meant. Proposed as an op-ed in the Wall Street Journal, it’s a seminal argument that says when a crisis occurs on Wall Street ‘instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thus stabilizing the market as a whole.’”4
Is LIFFE still in UK?
The London International Financial Futures and Options Exchange (LIFFE) was established in 1982. In January 2002 the purchase of LIFFE by Euronext was completed. After Euronext purchased the LIFFE, does the LIFFE still operate in UK? If yes, where is its trading place? And, how about its stock’s price and what’s stock exchange?
Thank you for your answer!
http://www.euronext.com/home_derivatives-2153-EN.html
Cannon Bridge House
1 Cousin Lane
London EC4R 3XX
Tel. 44 20 7623 0444
Need help with economics concerning australia?
Trade and investment policies, International financial flows, International business cycle + growth, Future strategies. any links to any of these issues, or information about one or ny of them would be appreciated.
We are in a depression right now so investment is definitely not recommended. I don’t think business will grow or even start anytime right now. If you are in that business, get out of it, buy a property in the country and live there for the rest of your life!
Will the economy have any chance of improvement if McCain is elected?
NO.Commodity Futures Modernization Act
http://www.texasobserver.org/article.php?aid=2767
In December 2000, when U.S. Senate rushed to pass the government reauthorization bill, the Senate tacked on a complex, 262-page amendment at the urging of Texas Sen. Phil Gramm.
Gramm promised that the amendment — also known as the Commodity Futures Modernization Act — along with other landmark legislation he had authored, would usher in a new era for the U.S. financial services industry.
"The work of this Congress will be seen as a watershed where we turned away from an outmoded Depression-era approach to financial regulation and adopted a framework that will position our financial services industry to be world leaders into the new century," Gramm said.
Phil Gramm’s Amendment served to degregulate futures trading and speculating.
Phil Gramm’s deregulation amendment brought us the predatory lending that led to today’s mortgage crisis.
Phil Gramm’s deregulation amendment brought us unconscionable futures trading in crude oil that causes the price of a barrel of oil to triple by the time it reaches us from the Middle East, Canada, and Mexico.
Senator Phil Gramm is an ex Republican senator from Texas oil country. Senator John McCain, at a fundraising speech in Texas today proposed a to lift the ban on offshore drilling as a way to combat today’s high oil prices. But is the oil currently being drilled in the US any cheaper? No. There is no difference in cost between locally drilled oil and imported foreign oil. In fact, it was even determined that if we flooded the market with oil from US reserves, it would not make much difference in the cost of gallon of gas at the pump. This is because of Phil Gramm’s deregulation amendment – as long as crude oil is freely traded on the deregulated commodities market, oil, gas, and food prices will remain high.
We need to tell John McCain to to stop playing games with us. We, the American Public, are not stupid. We have embarked on a new era of American politics – and we will hold him accountable. He cannot propose green energy one day, drilling the next, and hope that we don’t realize that our pain at the pump is lining the pockets of the big corporate investors.
So who exactly is Phil Gramm? He’s a former Republican senator from Texas. Phil Gramm currently holds the title of "McCain’s Economic Brain." He is John McCain’s chief economic advisor. Now go back and read this email from the top and ask yourself – If McCain relies on Gramm for his economic policy, is he really working for you?
http://money.cnn.com/2008/02/18/news/newsmakers/tully_gramm.fortune/index.htm?postversion=2008021917
Thanks for the source. No one here will understand it, or will pretend not to, but it really is fascinating how the Republicans are responsible for the rise in gasoline prices and speculation.
Fascinating is the wrong choice of words, but it is all I can do to remain polite!
Someone was nice enough to want a simplification: $5.00 per gallon gas (that’s not quite fair, since there are other factors, but most of the bubble in oil and gas has do with oil futures speculation, margin requirements and the like).
What’s a good environmentally sound investment strategy?
I’m a young working computer professional with a growing investment portfolio. I take most of my financial adviser’s advice on what funds to pick, but he’s put a substantial amount of my investment money into Asian mutual funds. Given some the geopolitical issues with China and Chinese products (China’s growing military spending, North American trade deficits, China’s poor environmental policy, and a growing track record of unsafe/dangerous products — toothpaste, pet food, toys, etc, etc), I’ve gotten to the point where I consider holding these investments to be, at best, somewhat unethical. This is not a financially motivated question; It’s an ethical one. I would like some advice/guidance on what would be good investments into North American companies dedicated to developing the products and technology of greener future. I’m still looking for returns on my investments dollars, but I’d like to know I’m part of the solution, not the problem. What are the right investments for me?
You have a good point. Check out the sites listed below about some mutual funds with environmental investments holdings. There are many available, these are just a few to give you an idea of what is out there. Ask your financial adviser about them and let him know that you are interested in ethical investing.
Do you feel like, life as a chemical engineering student is really worth it?
I sometimes see it as a trade off between a rewarding future career with an engineering degree + promising financial prospect AND being able to enjoy life (i.e the work as a chemical engineer). I mean come on who would give a rats a**** about reactors, pipes and fittings, valves, pumps, control systems and all these lifelessly dull beings that we live with for most of our career life. Despite all the $$$ that cashes in…
It is really worth it only if you really like that job and would be very happy to be a chemical engineer for the rest of you career.
Need financial advice for immediate future….?
Here my question, we have 2 cars, 2 loans…the first loan is for a vehicle worth about $14k, it’s a 60 month $350 per month with an $18k balloon payment at the end (we had several loans tied into this so that’s where the balloon comes in, we couldn’t afford the payment so this was the bankers solution for us being able to aford the payment)…we are 12 months into this new loan. The second loan is $120 per month for a car worth $3500. We are 1 month into this loan. I want to get rid of the car w/the $350 per month payment because it gets terrible mileage (15-18 mpg) and is going to basically be sitting in the driveway because it’s too expensive to drive. The other car is a small coupe that gets 30mpg but it’s too small to carry 2 adults + 2 kids w/cargo…so I’m going to be getting some cash in the next few months and I was going to trade the coupe + cash for a 4 door sedan..someone told me to use the money to pay down the larger loan..what’s the correct answer?
First of all, don’t forget that when you trade in the coupe, the loan that is secured by this car has to be paid off. That is how it usually works.
The loan on the other vehicle looks very expensive to me. It usually makes sense to get rid of such an expensive loan as soon as you can. It even makes sense to tighten your belt as much as possible to pay off this loan, because the terms of this loan are a real burden on your finances.
So, all considered I would try to keep the little coupe for as long as necessary or possible. (I don’t know how big your kids are. They may soon grow too big for the back seat.) I would use the money you are getting in the next few months to pay down the higher and expensive loan. Again, I don’t know how much you are getting, but if it is a good sum I would go back to the banker and tell him that you want to pay down some of the loan and that you want new terms. Make sure that this banker does not charge you extra fees for rescheduling the loan. If he does, go to another banker but beware of any fees this banker may charge you. If the terms are good, take out a new loan with the new guy to pay off the old loan. Ask either banker to structure the loan so that you continue paying 350 each month. This will allow you to pay off the loan sooner than the four years you have left on the current loan.
Once the loan on the expensive car is low enough, get rid of the vehicle and replace it with a more economical family car. Do this when the value of the vehicle is higher than the outstanding loan balance.
If you would like me to check on the new loan terms and give you my opinion, send me an e-mail.
Need financial advice for immediate future….?
Here my question, we have 2 cars, 2 loans…the first loan is for a vehicle worth about $14k, it’s a 60 month $350 per month with an $18k balloon payment at the end (we had several loans tied into this so that’s where the balloon comes in, we couldn’t afford the payment so this was the bankers solution for us being able to aford the payment)…we are 12 months into this new loan. The second loan is $120 per month for a car worth $3500. We are 1 month into this loan. I want to get rid of the car w/the $350 per month payment because it gets terrible mileage (15-18 mpg) and is going to basically be sitting in the driveway because it’s too expensive to drive. The other car is a small coupe that gets 30mpg but it’s too small to carry 2 adults + 2 kids w/cargo…so I’m going to be getting some cash in the next few months and I was going to trade the coupe + cash for a 4 door sedan..someone told me to use the money to pay down the larger loan..what’s the correct answer?
First of all, don’t forget that when you trade in the coupe, the loan that is secured by this car has to be paid off. That is how it usually works.
The loan on the other vehicle looks very expensive to me. It usually makes sense to get rid of such an expensive loan as soon as you can. It even makes sense to tighten your belt as much as possible to pay off this loan, because the terms of this loan are a real burden on your finances.
So, all considered I would try to keep the little coupe for as long as necessary or possible. (I don’t know how big your kids are. They may soon grow too big for the back seat.) I would use the money you are getting in the next few months to pay down the higher and expensive loan. Again, I don’t know how much you are getting, but if it is a good sum I would go back to the banker and tell him that you want to pay down some of the loan and that you want new terms. Make sure that this banker does not charge you extra fees for rescheduling the loan. If he does, go to another banker but beware of any fees this banker may charge you. If the terms are good, take out a new loan with the new guy to pay off the old loan. Ask either banker to structure the loan so that you continue paying 350 each month. This will allow you to pay off the loan sooner than the four years you have left on the current loan.
Once the loan on the expensive car is low enough, get rid of the vehicle and replace it with a more economical family car. Do this when the value of the vehicle is higher than the outstanding loan balance.
If you would like me to check on the new loan terms and give you my opinion, send me an e-mail.