Stock Investing Guide

Like everyone reading, I’ve had a few jobs in my life. When I was a wee teenager, I worked at the local Dairy Queen, where I attempted to eat my weight in Blizzards on a weekly basis. From there I went to work at a supermarket, followed that up with a brief (unsuccessful) forage into being a mortgage broker, before ending up as a sales rep with a snack food company, where I’m currently employed. I’ve worked for a few dozen different supervisors, along with spending some time supervising people. I’ve worked independently and as part of a team. I’ve started as an entry level employee and risen up the ranks. A lot of you have also probably experienced similar career paths as mine.

Without naming the company specifically, (hey, Tom might get sued… for some reason) let me tell you about the supermarket I worked for. It’s a small chain, entirely based in one province. The founder of the store has since passed on the day to day operations to his kids. It’s the kind

Full Article…

Tags: Work, Work Small

No Comments yet »

Hello All,   Oversold weakness heading into Thanksgiving weekend has resulted in a heavy reversal with good sales for Black Friday.  The question remains as to whether Holiday sales will continue at this pace.  And moreover, we remain focused on debt restructuring in Europe, with various rumors regarding an IMF bailout of Italy and the possible bond issuance of the five AAA rated countries to help subsidize such restructuring.  Gaps on the charts seem to have been filled, and we may have a consolidation week before we see more short covering.  The Plunge Protection Team may be in action to support a Santa Clause rally, in congruence with funds taking advantage of cheap pricing.  Light volume continues, and we may have another 10 days of decent action before we hit the Xmas doldrums.  As always we will be on the lookout for selling options during expected times of inactivity.  We will keep our clients posted.    

Tags: Reversal

No Comments yet »

When it comes to finding money to take care of financial obligations these days, your options are even more limited than ever before. Thanks to the credit crunch, banks and other financial institutions have made it more difficult than ever to borrow money. Those that will lend will only do so to individuals with an excellent credit score and charge a premium for the privilege. Many people are caught in the crosshairs and simply don’t qualify for a loan.

So, what are your options if you are having trouble finding financing and need a few extra dollars for an unexpected expense?

Contact your 401(k) administrator and complete the necessary paperwork. Designate the amount of money you wish to borrow and then set the loan terms. In most cases, you can borrow up to 50 percent of your 401(k) balance and take up to five years to pay it back. Then, sit back and wait for the check or money to be directly deposited into your checking account.

Sound too good to be true? It can be. W

Full Article…

No Comments yet »

Lately the federal government has been reconsidering their involvement in the home mortgage practice. Although they plan to still assure certain mortgages, they seem to be redefining what they might consider a ‘qualified’ borrower. Here they are looking at stricter lending guidelines in these areas:  Type of mortgages; minimum down payment requirements; debt ratios; and FICO scores

There seems to have been conversations about do away with the 30 year fixed rate mortgage which has been a indispensable to this country’s housing industry for a long time. Some in government want to duplicate the mortgage process of other countries.

For example in Canada, they don’t even have 30 year fix mortgage rate. Instead the vast majority of Canadian home loans have a 25 year payout, but the interest rates are renegotiated every five years. If rates go down, you will wind up with a lower rate. If rates go up, you end up paying a higher rate. If you decide you want a fixed rate mortgage for 25 years, you must pay two percentage points higher than the going rate at the time of your closing.

Could the same happen in our country?  Only ti

Full Article…

Tags: Mortgage, Mortgage Going

No Comments yet »

The interest in green energy still seems to be at its peak. A large wind farm is in the works to be built in Illinois but once the wind farm has served its purpose, time and money must be used to remove it for the environments sake; a surety bond will ensure that this happens.

A company named Affinity Wind is ready to begin building the 75-turbine farm which will be located in Pike County, Illinois. A surety bond has been required of the contractor by the county. The surety bond or more specifically, ,will be in place to guarantee that funds will be available for the decommissioning of the wind farm once it has fulfilled its purpose. The decommissioning includes the disposal of the turbine structures and the restoration of the land back to the same condition it was in before work began. The Pike County Farm Bureau Manager, Blake Roderick, said wind farm applications are very common which will likely cause the county to institute a statute for decommissioning works and the relating surety bonds which are comparable to the requirements for cell phone towers and oil wells.

Surety bonds guarantee something.

Full Article…

Tags: Farm, Wind Farm

No Comments yet »