We have established why a stop loss order is a requirement for the successful investor. Now let's look at some of the simpler methods. There are 3 basic methods (and many more we will not discuss here) for stops that almost anyone can master. They are percentages of the price action, moving averages and support areas. These cannot be covered in detail here, but you can do further research on your own. Any stock, fund or Exchange Traded Fund (ETF)...more
Photography is a vast world. There are many different types of photography and many different kinds of people that enjoy it. It's a hobby that be relatively inexpensive or one that you can invest a lot of money on. Photos are so special because they give us memories of times and places and events in our lives. We can hold onto these memories forever with a photograph. As much as people love photos, many people love taking them even more. Whether...more
The outlook for 2005 is out; it is going to be yet another challenging year, with the recent increase in oil prices finally settling in. Economic growth rate is going to be modest and the traditional manufacturing engine of growth may be hard-pressed with the Singapore -US free trade agreement being in effect.For the normal man-in-the-street, this can be the right opportunity to take stock of his financial direction and start on a totally new career direction - creating a franchise. Is this idea implausible? Not so. A slower economic growth may translate in a lower financial outlay in market research and R&D. You could be very involved in a hobby that may be the catalyst for a successful business that may eventually lead to a sought-after franchise, like craftwork and clay-modelling.Do take heart. Many franchises were once thriving "one-man-shows". You can view setting up of a franchise as building up your solo effort - like being a conductor of an orchestra. Success in your franchise will be multiplied by the satisfaction from your franchisees.Here are more tips about creating and maintaining your own franchise in 2005.(Franchise Valuation)This is a difficult question to...more
Secured Credit Card is similar to a prepaid credit card since the funds you are using are actually yours and not the issuer of the credit card. Generally people who apply for secured credit card or prepaid credit card are people with poor credit or unemployed. Prepaid Credit Card spending limit is the amount of money you loaded to the card. There...more
Microsoft Business Solutions is Microsoft subdivision and historically it is joining several products development companies under one roof: Great Plains Software, Navision Software, Microsoft CRM (this one was developed by MBS), Solomon Software, SMS: QuickSell 2000 - which is now Microsoft Retail Management System.Let's first look at your ERP...more
A fickle stock market encourages good-humored mockery. Recently, as I watched the premiere of a sitcom, an obvious omission breached television etiquette. Silence followed every exaggerated comedic set-up. There was no laugh track. Where were the premeditated giggles from the show's "audience?" At last, the viewer determines the funny moment. It then occurred to me, the writers of this new show adopted an aspect used by investment news programs.I will be the first to admit, in addition to the miscellaneous printed and electronic financial information, the television provides an abundance of supplemental financial news. However, the shows often leave me asking, "What's missing?" In addition, the shows may very well leave viewers with the ultimate responsibility, which segment is entertainment and which is practical advice.Perhaps you may recognize one of the canned statements below that investment show gurus continuously utter. Although each may be applicable (and in may cases vital to successful financial planning), notice the missing "laugh tracks."How many times have you heard "Invest For the Long Term?" The analyst may be leaving out "because I hope you forget my last...more
Do you ever wonder why some people seem to get all the lucky breaks in business while others struggle to barely get by? They seem to be in the right place at the right time. Fact is, maybe they're not at the right place at the right time; maybe they...more
With the end of the year fast approaching, now is a great time to take stock of 2004. It is likely that your company set specific goals at the beginning of the year. As you review the past year, the question that must be asked is, "Have I achieved my...more
Either simply a looker-on or a player in the world of business, you see millions piling into the accounts of world's most famous businessmen and naturally the question pops "How?", wondering what is the alchemy they've discovered? Yet, there is no...more
Sarah is a young woman who attended one of my sales negotiation training programs shortly after taking a new job. When I asked her how she did with her salary negotiation, she replied, "Well, I didn't negotiate. I was offered $44,000 and I took it....more
You've heard marketing and advertising gurus quip, "Sell the sizzle, not the steak." Advertising initiatives best reach their target audience with benefits and the "wow" effect, not the value or features of their product or service. This may work...more
Sure, as tactics usually presented to business, non-profit and association managers, special events, brochures and news releases are fine. But they're not the high-octane PR firepower you need to deliver growth results like new proposals for...more