personal finance planning

Shara Says:

January 12th, 2010 at 9:04 am

For those of you who want to know what extra payments on your loan will do go to bankrate.com. Go to their calculator section (at the top above the tabs) and look for ‘amortization calculator’. It is great to see what theoretical loans would cost, but if you know how to use it you can apply it to any existing loan as well. If you want to know how to input an existing loan just ask and I’ll walk you through it. You need the balance, interest rate, and payment or remaining time on the loan.

@Max

We DO have a program to help poor people buy homes. It’s called the FHA (Federal Housing Administration). It is administered by Fannie Mae and Freddie Mac, which are two quasi-government agencies. And recent events have shown us why they don’t work.

First let me explain, FHA loans are typically set at a price a little bit above the going rate for “great credit” people. But they are, sometimes significantly, lower than those for which most people qualify. They have significantly lower down payment and up front cost requirements and can bend some rules (such as allowing sellers to pay for closing costs, or using a third party’s money for down payment). This is a problem for two reasons: Without requiring a down payment the risk of a house being worth less than is owed is a significant risk, and people who can’t manage enough financial discipline to scrape together a down payment often don’t have the financial discipline to faithfully make their house payments.

In an ideal world people who are upside down on their mortgages would suck it up and keep paying as long as they could afford it. The reality is that many people would rather walk away, hand over the keys, and take the hit to their credit that bankruptcy will cause. The problem with a poor person as a credit risk is the same reason you want to help them: they have nothing to take away. Therefore you have no leverage to sue them and make them pay you what they owe you. I am a landlord and one thing I have learned is that people really want to do the right thing, but they have an infinite number of ways of justifying to themselves that something dishonest is okay. I had one lady argue that I shouldn’t have evicted her because her HUSBAND was the one who wasn’t paying the rent. I used to think that kind of convoluted logic was crazy, but I have found most people are more than capable of twisting ‘right’ to magically be whatever they want at the time.

Second, I know more than a handful of poor people. Most of the people I know who are perpetually poor are so because they make really bad choices. Sad to say, many of them do drugs that precludes them from being successful. The middle class (both upper and lower) people I know who are scraping by and have no money to buy a house are doing so because they can’t manage money. These are the people who break a leg and have to take a week off without pay and suddenly can’t make their bills. Not because they don’t make enough, but because there is nothing there left at the end of the month in case of emergency. If it’s there it’s spent.

I don’t want any of these people as homeowners. You can’t know until you own a house what a big responsibility it is. Everyone I know who has bought a house has had a learning curve much like a new parent, of “This is MY responsibility?!” and “I had no idea how much this would cost!” Even if you plan for it, you don’t understand until the bill’s in front of you.

As far as poor people having housing, there are a number of housing assistance programs available, the most prominent being section 8. Section 8 is a program that pays a percentage of the rent for a poor person, depending on the size of the family and how poor they are. I have talked to tenants that were 50% covered, a neighbor of mine was 100% covered, and I know people on the waiting list. The waiting list in typically quite long because there are a lot of people who want help paying their bills.

And this brings us to the crux of the matter, which is how much assistance to offer. The reason many of us are anti-socialist is because while it is great to want everyone to be happy, healthy, well fed, educated, and have a nice house, these things cost money. It costs me nothing to allow you free speech, but if you want food someone has to produce it and that person must be compensated. And if the compensation is coming from me instead of you what is your motivation to produce anything for yourself? You know the saying about giving a man a fish versus teaching a man to fish?

I am with Kevin that there are things that our government is designed to do: national defense, freeways, international treaties. And things that our federal government is NOT designed to do. Housing assistance is one of them. But that doesn’t mean I think no one should get an assistance, I just don’t think it is the job of the federal government, because a bureaucracy of that size has a really hard time administering such benefits, programs of that size are just asking to be cesspools of waste, fraud, and abuse, and as the concerns lately about INFLATION (remember that word? ;) ) show, the federal government can print their own money if they get in trouble.

I think there are people who deserve housing assistance: The severely mentally retarded, people with mental illness, people with severe physical limitations, etc. But if you can’t BUY a house on your own then you shouldn’t be doing it. You either don’t make enough to survive the ups and downs of the market, or you aren’t mature enough to own a house. In this case there is a GREAT alternative: renting.


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    Steve Marmel: The Good <b>News</b> About Sarah Palin&#39;s Hypocritically Bad <b>…</b>

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    While there are certainly plenty of valid reasons to fear Big Government, it is often the beneficial aspects of what a powerful federal government can provide that sends the mainstream media’s cast of Fox super villains into a frenzy. Universal access to health care, social programs for distressed communities, rights to an education, environmental protection and even basic food and water standards have been discussed in somber tones by Glenn Beck as the stepping stones to a Socialist government hell bent on destroying the American Dream.

    I watch in awe as Sean Hannity follows at least thirty mentions of the need for small government with the statement that we should not fetter our CIA and military with respect to battling terrorists. As the history of all Big Governments has illustrated in the starkest of terms, nothing feeds the power of the State more than perpetual war. Sean Hannity has absolute trust in the growing Big Government he fears when said government is blowing up towns via remote control airplanes, killing scores of innocents on nothing more than a hunch that a terrorist might have prayed in the local mosque. Sean Hannity sees no reason to mess about with such Pollyanna bullshit as trials or adherence to the Geneva Convention when fighting this amorphous war that was never formally declared.

    The same government that is completely untrustworthy on Health Care is miraculously trustworthy on imprisoning those who mean to do us harm. Simply requesting a modicum of transparency on issues relating to the incarceration and murder of potential enemies of the State is tantamount to being weak on defense or even a traitor. Lucky for us, our government never arrests the wrong man or woman. If the government somehow kills a few thousand innocents along the way, that’s just the cost of freedom, the cost of making Big Government even bigger.

    Bill O’Reilly gets flustered when the idea that we should not torture people comes up. He sighs heavily when there is a suggestion that there should be proof before we execute someone. He trusts our government unequivocally in such matters. It is only the big governance of Reid and Pelosi that he questions. There is more of a possibility that our government, which has listened in on our cell phone calls and will soon be looking at most of us naked before we board an airplane, would incarcerate and murder us for our opinions rather than carrying out the supposed Death Panels of the monstrous Health Care plans. While I am not a proponent of the bullshit insurance company giveaways of Harry Reid or the slightly less bullshitty but still very crappy plan of Nancy Pelosi, at least they are devoting some energy into the concept that Big Government can accomplish more than murder.

    Sarah Palin laughs at the suggestion of any sort of deliberation before we escalate our various wars. She trusts our lightning-fast precision government to make the decisions of life and death, your way, right away.

    The right-wingers, who supported the repeal of McCain-Feingold, believe that corporations must be guaranteed the rights of the individual, as long as they are not Gay Corporations. Nothing threatens the sanctity of marriage more than a dreaded Gay Corporate Merger or George Soros with his hand on John McCain’s backside.

    Republicans and Tea Baggers alike can sleep well knowing that Scott Brown also has absolute trust in our Big Government when it comes to imprisonment, torture and murder. Scott Brown’s drunken rambling victory speech a couple of weeks ago drew big applause when he spoke of the fact that there is simply no need to protect the rights of terrorists. Again, the problem here is, as patently obvious as it should be, is that without giving suspects any rights, there is no mechanism to assess if they are guilty or innocent. This undermines all of our rights.

    To my friends in the corporate media, I am all for reducing the size of government, right after they arrest the lot of you on suspicion of being terrorists. Isn’t “Hannity” the Arabic word for sewer waste?

    The initiatives amount to a package of tax credits, spending expansions and new mandates on employers to encourage retirement savings by workers. Most of them will be included in Obama's budget for the fiscal year starting Oct. 1, and they will require approval from Congress. Obama will release that budget Feb. 1.

    The president's latest rollout of ideas served as a preview of his prime-time State of the Union address. The economic elements of that speech will also cover Obama's plans to boost job creation and reduce swelling budget deficits — areas of concern to the public.

    Obama's address will outline his second-year agenda across a spectrum of issues, including tighter rules on Wall Street behavior and a push for financial discipline in Washington. He also is expected to touch on the issue of gays in the military.

    In an interview Monday, Obama defended his agenda and said he would not support only smaller issues that avoid controversy. “I will not slow down in terms going after the big problems,” he told ABC News.

    Among the president's economic ideas:

    – Nearly doubling the tax credit that families making under $85,000 can receive for child care costs, with some help for families earning up to $115,000, too.

    – Capping the size of periodic federal college loan repayments at 10 percent of borrowers' discretionary income to make payments more affordable.

    – Increasing by $1.6 billion the money pumped into a federal fund to help working parents pay for child care, covering an estimated 235,000 additional children.

    – Requiring employers who don't offer 401(k) retirement plans to offer direct-deposit IRAs for their employees, with exemptions for the smallest firms.

    – Spending more than $100 million to help people care for their elderly parents and get support for themselves as well.

    The White House maintained that its imperative still is to create jobs. Unemployment remains in double digits, and the economy is the public's top concern. Yet Obama said that squeezed families need help in other ways, too: paying for child care, helping out aging parents, saving for retirement, paying off college debt.

    What matters ultimately to people, Obama said, is “whether they see some progress in their own lives. So we're going to keep fighting to rebuild our economy so that hard work is once again rewarded, wages and incomes are once again rising, the middle class is once again growing.”

    Less clear was how much the programs would cost or where the money would come from.

    Officials deferred comment until the release of the budget.

    Obama, whose poll numbers are off, is trying to sharpen his economic message in a way that shows people he is on their side. White House officials say they know people have been turned off by the long, messy fight for health insurance reform. Plus, there's a perception that families have gotten far less help than big banks.

    The economy is growing, but not fast enough to bring down widespread joblessness. The unemployment rate is at 10 percent and most economists say it could take until at least 2015 for it to return to more normal levels.

    The plans Obama set forth came from the yearlong work of a task force, led by Vice President Joe Biden, that was charged with helping the middle class.

    “We're talking about dignity. We're talking about security,” Biden said. “We're talking about knowing your pension is safe, your health insurance is reliable, your elderly parents and your children are going to be cared for, your neighborhood is safe.”

    Obama's initiatives also include expanding and simplifying a tax credit that matches retirement savings, and making 401(k) rules easier to understand.

    On the matter of gays in the military, Obama has vowed to lift the ban on gays serving openly, and several lawmakers support a repeal of the law. But some senior military advisers and members of Congress have urged the president not to shake up the status quo at a time of two wars.

    Sen. Carl Levin, chairman of the Armed Services Committee, said he had planned to convene a hearing on the issue in January, but that the Obama administration asked him to hold off until the president's national address.

    “We were told by the Pentagon that they expected the president to say something in the State of the Union on it,” Levin said.

    Levin, who favors repealing the law, said he does not know what Obama will say. He said he plans to hold hearings in February and would like to hear testimony from Defense Secretary Robert Gates and Chairman of the Joint Chiefs of Staff Gen. Mike Mullen.


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    While there are certainly plenty of valid reasons to fear Big Government, it is often the beneficial aspects of what a powerful federal government can provide that sends the mainstream media’s cast of Fox super villains into a frenzy. Universal access to health care, social programs for distressed communities, rights to an education, environmental protection and even basic food and water standards have been discussed in somber tones by Glenn Beck as the stepping stones to a Socialist government hell bent on destroying the American Dream.

    I watch in awe as Sean Hannity follows at least thirty mentions of the need for small government with the statement that we should not fetter our CIA and military with respect to battling terrorists. As the history of all Big Governments has illustrated in the starkest of terms, nothing feeds the power of the State more than perpetual war. Sean Hannity has absolute trust in the growing Big Government he fears when said government is blowing up towns via remote control airplanes, killing scores of innocents on nothing more than a hunch that a terrorist might have prayed in the local mosque. Sean Hannity sees no reason to mess about with such Pollyanna bullshit as trials or adherence to the Geneva Convention when fighting this amorphous war that was never formally declared.

    The same government that is completely untrustworthy on Health Care is miraculously trustworthy on imprisoning those who mean to do us harm. Simply requesting a modicum of transparency on issues relating to the incarceration and murder of potential enemies of the State is tantamount to being weak on defense or even a traitor. Lucky for us, our government never arrests the wrong man or woman. If the government somehow kills a few thousand innocents along the way, that’s just the cost of freedom, the cost of making Big Government even bigger.

    Bill O’Reilly gets flustered when the idea that we should not torture people comes up. He sighs heavily when there is a suggestion that there should be proof before we execute someone. He trusts our government unequivocally in such matters. It is only the big governance of Reid and Pelosi that he questions. There is more of a possibility that our government, which has listened in on our cell phone calls and will soon be looking at most of us naked before we board an airplane, would incarcerate and murder us for our opinions rather than carrying out the supposed Death Panels of the monstrous Health Care plans. While I am not a proponent of the bullshit insurance company giveaways of Harry Reid or the slightly less bullshitty but still very crappy plan of Nancy Pelosi, at least they are devoting some energy into the concept that Big Government can accomplish more than murder.

    Sarah Palin laughs at the suggestion of any sort of deliberation before we escalate our various wars. She trusts our lightning-fast precision government to make the decisions of life and death, your way, right away.

    The right-wingers, who supported the repeal of McCain-Feingold, believe that corporations must be guaranteed the rights of the individual, as long as they are not Gay Corporations. Nothing threatens the sanctity of marriage more than a dreaded Gay Corporate Merger or George Soros with his hand on John McCain’s backside.

    Republicans and Tea Baggers alike can sleep well knowing that Scott Brown also has absolute trust in our Big Government when it comes to imprisonment, torture and murder. Scott Brown’s drunken rambling victory speech a couple of weeks ago drew big applause when he spoke of the fact that there is simply no need to protect the rights of terrorists. Again, the problem here is, as patently obvious as it should be, is that without giving suspects any rights, there is no mechanism to assess if they are guilty or innocent. This undermines all of our rights.

    To my friends in the corporate media, I am all for reducing the size of government, right after they arrest the lot of you on suspicion of being terrorists. Isn’t “Hannity” the Arabic word for sewer waste?

    The initiatives amount to a package of tax credits, spending expansions and new mandates on employers to encourage retirement savings by workers. Most of them will be included in Obama's budget for the fiscal year starting Oct. 1, and they will require approval from Congress. Obama will release that budget Feb. 1.

    The president's latest rollout of ideas served as a preview of his prime-time State of the Union address. The economic elements of that speech will also cover Obama's plans to boost job creation and reduce swelling budget deficits — areas of concern to the public.

    Obama's address will outline his second-year agenda across a spectrum of issues, including tighter rules on Wall Street behavior and a push for financial discipline in Washington. He also is expected to touch on the issue of gays in the military.

    In an interview Monday, Obama defended his agenda and said he would not support only smaller issues that avoid controversy. “I will not slow down in terms going after the big problems,” he told ABC News.

    Among the president's economic ideas:

    – Nearly doubling the tax credit that families making under $85,000 can receive for child care costs, with some help for families earning up to $115,000, too.

    – Capping the size of periodic federal college loan repayments at 10 percent of borrowers' discretionary income to make payments more affordable.

    – Increasing by $1.6 billion the money pumped into a federal fund to help working parents pay for child care, covering an estimated 235,000 additional children.

    – Requiring employers who don't offer 401(k) retirement plans to offer direct-deposit IRAs for their employees, with exemptions for the smallest firms.

    – Spending more than $100 million to help people care for their elderly parents and get support for themselves as well.

    The White House maintained that its imperative still is to create jobs. Unemployment remains in double digits, and the economy is the public's top concern. Yet Obama said that squeezed families need help in other ways, too: paying for child care, helping out aging parents, saving for retirement, paying off college debt.

    What matters ultimately to people, Obama said, is “whether they see some progress in their own lives. So we're going to keep fighting to rebuild our economy so that hard work is once again rewarded, wages and incomes are once again rising, the middle class is once again growing.”

    Less clear was how much the programs would cost or where the money would come from.

    Officials deferred comment until the release of the budget.

    Obama, whose poll numbers are off, is trying to sharpen his economic message in a way that shows people he is on their side. White House officials say they know people have been turned off by the long, messy fight for health insurance reform. Plus, there's a perception that families have gotten far less help than big banks.

    The economy is growing, but not fast enough to bring down widespread joblessness. The unemployment rate is at 10 percent and most economists say it could take until at least 2015 for it to return to more normal levels.

    The plans Obama set forth came from the yearlong work of a task force, led by Vice President Joe Biden, that was charged with helping the middle class.

    “We're talking about dignity. We're talking about security,” Biden said. “We're talking about knowing your pension is safe, your health insurance is reliable, your elderly parents and your children are going to be cared for, your neighborhood is safe.”

    Obama's initiatives also include expanding and simplifying a tax credit that matches retirement savings, and making 401(k) rules easier to understand.

    On the matter of gays in the military, Obama has vowed to lift the ban on gays serving openly, and several lawmakers support a repeal of the law. But some senior military advisers and members of Congress have urged the president not to shake up the status quo at a time of two wars.

    Sen. Carl Levin, chairman of the Armed Services Committee, said he had planned to convene a hearing on the issue in January, but that the Obama administration asked him to hold off until the president's national address.

    “We were told by the Pentagon that they expected the president to say something in the State of the Union on it,” Levin said.

    Levin, who favors repealing the law, said he does not know what Obama will say. He said he plans to hold hearings in February and would like to hear testimony from Defense Secretary Robert Gates and Chairman of the Joint Chiefs of Staff Gen. Mike Mullen.


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    Adobe CTO: Flash is &#39;ready&#39; for iPhone, iPad | iLounge <b>News</b>

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    about internet marketing

    Intelius, a site that helps users find information about others, continues to have more bad news around its senior execs. John Arnold, a cofounder and EVP, has been indicted on a charge of lying to a grand jury about having sex with a dancer.

    The company has been trying to go public despite hundreds of scam complaints, and the atrocious legal record of CEO Naveen Jain. We covered many of the issues back in 2008. Last year the U.S. Senate began an investigation into the post transaction marketing offers that drive much of Intelius’ revenue.

    The new charges are somewhat ironic, since Intelius recently launched an iPhone dating application called datecheck.

    Arnold, now charged with lying to a grand jury about his sexual exploits, said of datecheck:

    Date Check is like having a private investigator in your purse..Letting a stranger into your life is a huge risk, and in the age of Internet anonymity, a simple online search isn’t enough to tell you everything you need to know.

    Indeed. Except, datecheck isn’t so useful if you want to date an Intelius cofounder. The company has removed the legal records of its own founders from the application.

    A significant factor in putting Barack Obama in the White House was the brilliant social media marketing of the Obama for America campaign. The Obama campaign realized that social media was a primary importance, not an afterthought. The number of people the campaign reached on the Web was staggering: Millions friended Obama on Facebook and joined the MyBO social organizing site. By election day, Obama had nearly 4 times more Facebook supporters than McCain and twenty times more Twitter followers.

    The Pew Internet & American Life Project April 2009 report The Internet's Role in Campaign 2008 says some 55 percent of all adults–and 74 percent of all Internet users–said they went online for news and information about the election or to communicate with others about the race.

    So it's fascinating to watch Martha Coakley's campaign for U.S. Senate in Massachusetts basically ignore new media in favor of the old playbooks that elected Ted Kennedy to the seat.

    Of course there is much more to the race: Politics and platforms and personal connections are important. But didn't Obama for America teach us that the Web has the power to push a candidate over the top? Obama also showed the importance of young people (whose communications of choice is digital).

    Let's look at a few numbers. As I compare the morning before election day, @MarthaCoakley has 3,520 Twitter followers compared to @ScottBrownMA with 10,214 followers. Coakley counts 14,487 Facebook fans to Brown's 76,700 fans. Advantage Brown by more than three to one.

    Living in safe, secure blue state Massachusetts, I always envied those from Iowa and New Hampshire who got so much candidate face time in Presidential elections. Now that I've lived through a tightening race, forget it. The robocalls are crazy! I get a half dozen a day! And the television commercials! Don't get me started.

    At the same time, why is social media ignored?

    The event section on the Coakley site shows a dozen or so rallies and nearly one hundred phone bank events in the three days leading up to election day. Yet there are zero Tweetups and zero virtual events listed.

    Massachusetts is a hotbed of information technology. People here are plugged in. Most of my friends don't even use the phone anymore except to call the plumber. It is a college town with young people who don't have landlines.

    On Saturday I learned that President Obama was to rally for Coakley in Boston and wanted to go. But there was no mention of the event on her Twitter feed at all prior to the event. Nothing. What about telling fans first? Recall that Obama announced Joe Biden as his running mate via social networking tools like SMS and Twitter before he sent a press release to the media. Coakley seems to be on Twitter and Facebook as an afterthought, an item on a checklist. The Brown social media efforts seem much more active.

    I did make it to the rally yesterday. It was the first time I had seen a sitting president speak live and I enjoyed it. Hoopla was generated. Television soundbites were secured. It seemed to be a success.

    But wait. Look closer.

    The event was held at Northeastern University and sponsored by the Student Democrats. Quick. How do college students communicate? Facebook and SMS of course! Yet these two forms of communications played absolutely no formal part in the rally. The brochure that was handed out had no web addresses or social media sites. At the rally, Coakley fans were asked to vote. They were asked to volunteer at phone banks. They were asked to talk to neighbors and friends.

    But were the many college students in the crowd told to talk up the Coakley campaign on Facebook, the college student communications tool of choice? No. Were people at the rally asked to tweet? No. Were they asked to join Coakley's fan page? No.

    The Coakley campaign is underestimating the importance of social media and the new rules of marketing and PR.

    John McCain relied on what worked to elect George W. Bush and he lost mainly because of social media. Now Martha Coakley is relying on the playbook that elected Ted Kennedy and she may lose because of social media too.

    Bill bartmann, Bill bartmann, Bill bartmann robert shumake, robert shumake

    Fox <b>News</b> Breaks From Obama In Order To Criticize Obama | TV | Mediaite

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    Online Stock Trading Strategies

    Online Stock Trading

    Let’s be honest, many investors in the commodity markets hardly know anything about it and so they can’t be investing wisely. Being a smart and successful investor requires time and dedication. To be able to function well on the stock market, you must learn strategies that fulfil your requirements. In order to gain success, you have to consider other investors. In this article, you will learn more about stock trading and fundamental analysis.

    There are a lot of investors in the stock exchange. In the normal world, requirements are fulfilled by inter-depending on one another, however when it comes to stock investing, you have to act independently. You’re on your own, just like on a battlefield. You can’t control or manipulate the stock market. In a normal environment, like your home, you need to have control (to some extent), so that you can fulfil your requirements. If you want to attain the same success in stock market trading, you would have to be able to control the market to some degree, but this is impossible for a solitary trader.

    Even if you could control the social environment, the techniques you’d have learned could not be applied to the stock market. The only way to effectively manipulate and control the stock market in some way is if you are a very large trader, like a mutual fund manager. So, one way to be successful in stock trading is to control your own behaviour and the market information you have to deal with. Since it is impossible for an individual to control the stock market, you need to start by manipulating the way you behave.

    All the information you have acquired, should be regarded seriously and you have to be sure that you behave accordingly, thereby promoting your best interests. You have to learn to create rules regarding how to trade wisely and you must follow such rules strictly. Most stock traders find it very hard to follow rules but in order to attain success you must follow a set of good stock trading rules.

    Maybe it’s natural to people to resist rules, but if you want to be accepted in society, you have to follow it’s rules. If you’re among those people, who is interested in market trading, you will have almost unlimited freedom when it comes to picking the stocks you buy or sell.

    When you are stock market trading, you need to take a lot of decisions and therefore you will have to follow some rules and be aware of the boundaries. Do you know any successful stock market traders? The most successful traders are consistent, organized and follow certain guidelines in order to generate profits. Once you’re able to follow a set of rules, you will definitely increase your chances of making a profit. Those people who resist rules will probably find it hard to follow trading rules. These are the ones those who usually fail and lose huge sums of money in stock market trading.

    Just take your time and learn more about stock trading. If you’re a novice, you should learn the basics of stock market trading. Read more information about trading strategies, in order to buy or sell stocks and gain decent profits. If other people can achieve success in stocks trading, so can you. So, start making your investments now and find a good broker and learn how to follow strict trading rules as well.

    If you are interested in this article on the rules and guidelines of online stock trading, just go to our website at Online Stock Trading Get a totally unique version of this article from our article submission service

    This week has been a strange and yet interesting week on the Forex.  The volume has been incredibly light due to end of summer festivities in the US and Canada and Western Europe, however the flow of data and information has not ceased. We have seen officials declaring the recession over, and yet only a few hours later a piece of Data comes out that contradicts that idea. And we have seen the Dollar getting bounced around.September in the stock market is normally the worst month, about an average of 3% loss are recorded each year since 1929. While October is the “crash month” (last year alone the market fell 13% in October) the downfalls are few and far between – so September is the hard month. A reason for this is that people come back from vacation and pull back their investments to gage the market and see what has happened – a portfolio reshuffle is how brokers define it. In the forex trading though it is different: A down market typically means a stronger currency and although this works out most of the time, this year, 2009, we are not seeing this trend.The worries that investors have now are no longer just about which company will do better next year, or which company is poised for a breakout, the concern is based on governmental activities and it is affecting the Forex’s relationship to stocks. As currency is a true indicator of how strong a country is economically, traders have begun translating this into their stock holdings as well. Which company will be most affected by government legislation or which organization will fall under a new law or which bank will need money? The Dollar has been falling this month – in tandem with the US stock markets.  The question remains for Forex traders, will this trend continue and if so, how low can it go?  The Dollar fell broadly on Wednesday, in the online forex market, after an informal data release showed a higher than expected rate of unemployment. US employers in the private sector shed 298,000 jobs in August according to the ADP payroll report. The Dollar initially rose on risk aversion sentiment, however continued fears over the mounting governmental debt load along with a very light volume combined to bring the Dollar down in late session trading. The ADP jobs report is an early indicator of how the official government “non-farm payroll” (NFP) report will look. The NFP report is set to come out on Friday and includes both public and private industries.  The consensus on the street is that 225,000 jobs will be reported as lost, although with private industry alone shedding close to 300,000, the NFP is likely to disappoint.At 11:00 PM GMT, the Dollar was down .42% to the Euro to 1.4282, down .9% to the Japanese Yen to 92.15, down .85% to the British Pound to 1.6286, down .05% to the Canadian Dollar to 1.1041, down 1.2% to the Australian Dollar to .8357 up .2% to the Kiwi to .6736 and down .55% to the Swiss Franc to 1.0594.The USD/CAD currency pair is up challenging that 1.1100/20 area again on weakness in the commodity currencies and a new sell-off in oil. A close above that level looks significant for further progression towards perhaps 1.1400 or more. The 55-day moving average is up just above 1.1100 as well, but the USD/CAD doesn’t seem to have much of a habit of paying attention to that number.If oil continues below 67 dollars a barrel and equities remain in a sour mood, it’s hard to see the pair not continuing its ascent. Structurally, the failed attempt to maintain new lows below 1.0800 recently has neutralized the old bearish trend, but we’ve no bullish confirmation just yet. 1.1120+ would be a first step.

    By: Forex Ace

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    You want to know how to buy good cheap stocks when trading online. You may or may have had an account online for trading stocks and have used their tools to make money trading stocks. It is always a good idea to have several tools or sources of information to help you know when and how to buy good cheap stocks.

    The best penny stock trading software will do chart analysis to help pick good cheap stocks. Basic stock trading advice tells us to chose a stock with a PE ratio of 10 or better and a company that is stable and in an expanding industry. To be successful in picking penny stocks you need to have all tools available including software, newsletters and up to date news. Professional penny stock traders use all available resources when picking penny stocks.

    There are many stock options from large to mid to micro cap when examining all your cheap stock options. You may be learning how to buy good cheap stocks online and the best stock trading software that can do chart analysis and detect chart patterns may help maximize profit. Some software can analyze charts of thousands of stocks and see patterns that the typical professional stock trader could miss when trying to analyze stocks the old way that is why chart analysis is best left to a computer.

    Day traders are in it for the profit but are very active looking to take quick profit and make trades hourly, daily taking profit quickly. The stock investor is in it for the long term and is happy just to go with a few picks and trade stocks every so often. Either way if you have a large portfolio or want to get serious then you need some good tools to help make decisions quick and keep risk to a minimum.

    If your after hours or day trading it is crucial you have stock analysis software you can depend on. Successful trading strategies and systems helps you narrow down the picks the free tools big online discount brokers suggest. Successful trading systems should make your picks more profitable, easier and there should be less risk and more reward.

    With the popularity of wireless Internet and WiFi access in hotels and on the road it is not unusual for your typical successful stock trader to take their laptop computer on the road to make sure they have no surprises when they return home. Just make sure you have secure Internet access.

    Stock trading software gives you the power of a professional trader even if you have little knowledge of chart trading and analysis. You can also back up stock picks form other free tools and save countless hours doing the research manually with you own strategies and systems providing you have some. You could also learn how to find good cheap stocks.

    Even if your a novice and you want more control of your stock investment picks and want the power of the professional trading online, using the best stock trading software is the way to go. We all want to create unlimited wealth and have financial freedom and to make money trading online is an opportunity for someone who wants to learn how to trade stocks. No matter what you skill level is you should always learning how to buy good and cheap stocks that are profitable for the long haul.

    For more information on the Best Stock Trading Software or Stock Trading Software

    What are the best stock market trading strategies? Is the old fashioned ‘buy and hold’ strategy dead? The economy is failing, companies are collapsing and the increased volatility of the stock market seems to have made all of the best stock trading strategies redundant. Or has it? The media would have you believe that stock trading is becoming more and more risky by the minute. In actual fact professional traders love volatility, why? Because unlike the average investor they are privy to the all of the best stock market trading strategies that are available.

    The media will tell you ‘putting all of your financial eggs in one basket is a dangerous’ and the ’stock options trading is too risky’ and ‘forex trading is not for individuals’. All of these statements are wrong and are simply there to keep the uniformed scared and poor.

    Lets have a look at some of the Best Stock Market Trading Strategies that most people don’t even know exist!

    - Renting Shares
    - Naked Puts
    - CFD Hedging
    - Forex Trading
    - Options Trading (short term and long term)

    Just to name a few. Let’s have a look in some more depth at why these really are the best stock market trading strategies that are available and why your brokers haven’t told you about them.

    Everybody always says that diversification is a must, all so called experts tend to highly recommend it yet have you stopped to think about it. If you buy dozens of different stocks your investment portfolio is basically representative of an index. That’s fine but wouldn’t it just be easier to buy an ETF that tracks the price of the index? Of course it would but your broker would never agree to this because they would lose out on valuable commissions. Instead they will probably recommend that you buy multiple managed funds that all pay them handsome commissions.

    Although they rarely agree on anything else, brokers and financial advisors seem to always invest in a wide range of stocks. This basically assures you of mediocre results as even if you bought the well performing stocks you are more than likely to have got some bad ones too.

    So what can you do to increase you knowledge of the stock market basics and in turn develop your stock trading strategies? Read everything that you can. Learn a day trading strategy even if you have no intent of using it, start reading about ex dividend dates and how you can take advantage of them, buy some stock investing software, do everything think that you can to create your own personal stock market trading strategies. It is only when you truly understand it yourself that you will be able to come up with the best stock market strategy in the world.

    If you want to be rich then the easiest way to achieve this goal is to become an investor.

    Would you like to know more?

    Check out this site for more information about the above topic!

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    Online Stock Trading

    Online Stock Trading

    Welcome to our site.  Check back frequently to see all the new stock investing tips strategies and information related to the online stock trading industry.

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