- @Elle_CM Natalie's raid looked like it was filmed with a strobe light. Lame CGI in reply to Elle_CM #
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- RT @freefrombroke: RT @moneybeagle: New Blog Post: Money Hacks Carnival #115 http://goo.gl/fb/AqhWf #
- TED.com: The neurons that shaped civilization. http://su.pr/2Qv4Ay #
- Last night, fell in the driveway: twisted ankle and skinned knee. Today, fell down the stairs: bruise makes sitting hurt. Bad morning. #
- RT @FrugalDad: And to moms, please be more selective about the creeps you let around your child. Takes a special guy to be a dad to another' #
- First Rule of Blogging: Don't let real life get in the way. Epic fail 2 Fridays in a row. But the garage sale is going well. #
Top 7 Reasons To Trade Forex Over Other Financial Instruments
This is a guest post provided by ForexTraders.com
The foreign exchange market has literally exploded over the last 10 years. Before the 1990’s, the only players allowed to speculate in the forex market were banks, large hedge funds, and very wealthy individuals. The reason was simple. The minimum contract size was usually $100,000 and it ranged up to $1,000,000; therefore, most traders simply could not afford to trade in the market. The advance of technology and internet changed that. Today, traders can open an account with as little as $100 and begin trading in the spot fx market. This change has caused traders around the world to rush into the market and the Bank of International Settlements now estimates that average daily turnover in the fx market is around $4 trillion! Let’s examine a few of the top reasons why the fx market is drawing so many traders.
Leverage
In the United States, traders that engage in fx trading can leverage 50:1. Leverage was much higher in recent years, but government regulations have now capped leverage at 50:1 effective late October. This means that a forex trader can control a position of $50,000 with only $1,000 on deposit with his broker. Leverage is definitely a two-edged sword that can help a trader garner very quick and substantial profits, but it can also lead to debilitating losses and should therefore be used with caution.
Liquidity
The huge amount of volume that is present in the forex market each day makes it basically impossible for any single financial institution or even group of market participants to manipulate price movements. It also makes it much easier for large traders to enter and exit the market without trading against themselves, which is a common problem in the stock and commodity markets.
24 Hour Market
The forex market is a loosely connected network of international banks; therefore, the market never closes from Sunday evening until Friday afternoon. Liquidity simply flows from financial center to financial center as time zones open and close business operations for the day. This is a huge advantage for small, retail traders because those who still have full-time jobs can trade at night.
Small Initial Account Size
Traders can open accounts with as little as $1 at some brokers, and then trade positions where each 1 point movement is equivalent to $0.01 (in the U.S. this would be lower since the leverages are capped at 1:50). This will obviously never get a trader rich, but it does allow traders a very low risk entrance into the market. Traders generally need $20,000 in order to day trade the stock market. This very low account size at an online forex broker is a big draw for many traders.
Long Trends
The currency market tends to develop very clear, long trends. It is not uncommon for specific currencies to head in the same direction for 5+ years. Of course, there are many dramatic price swings that make real-time trading difficult and challenging, but a quick look at longer-term currency price charts makes it clear that currencies develop strong trends.
Macro Economics
The currency market is very big picture-based. This means there are not a million and one little things that a trader has to track as is common in other financial markets. Currencies react to major macroeconomic developments around the world. Seasoned fx professionals argue that this makes the job of economic analysis much different in the currency market.
Continued Growth and Volatility
The foreign exchange market is expected to continue to grow in coming years, and volatility is expected to remain quite strong as the world continues to move toward a more globalized economy. As globalization continues to change the world economy, investor interest in currencies will most likely continue to grow steadily.
Jason’s commentary: I’ve never looked into forex trading, mostly because I’m not in the “invest & grow rich” stage of my financial life. Have you invested in the forex market?
Kris Jenner’s $125 Million Divorce
In what could end up being an incredibly expensive divorce, Bruce and Kris Jenner, of “Keeping up with the Kardashians” fame have announced that their separation will be permanent. Reports suggest that the couple had no prenuptial agreement and that 125 million dollars is on the line. In California, anyone who decides to get divorced without a prenup will split assets right down the middle.
Bruce Jenner found fame in the 1970s when he attended the Montreal Olympics and won a gold medal in the decathlon event. After that momentous achievement, Bruce was able to set up licensing and endorsement deals that netted him millions of dollars. In the decades after the marriage, Bruce’s star began to fade as he started eschewing his motivational speaking career in favor of staying at home, to raise the two children that came from the marriage.By the time Kris married Bruce in 1991, she’d just divorced famous defense lawyer Robert Kardashian after a marriage that lasted about 13 years. She already had 4 children by the time she married Bruce that year. It wasn’t until 2007 when daughter Kim’s infamous “sex tape” hit the airwaves that the family started skyrocketing to fame, and the fortune started to grow.
Rumors suggest that Bruce wasn’t enthusiastic about his permanent role as sidekick to his wife and that he wasn’t allowed to help with any major decisions impacting the family.
Although a joint media statement from the former couple suggests that the split was “amicable,” it’s difficult to believe that two decades of marriage and a 125 million dollar fortune would just end with a friendly split. What seems clear from rumors and reports about the couple; however, is that there was no specific event which pushed the couple apart.
In their statement, the soon-to-be divorced couple said:
“But we will always have much love and respect for each other. Even though we are separated, we will always remain best friends and, as always, our family will remain our number one priority.”
In addition, sources also suggest that the reality television empire won’t come screeching to a halt. Interestingly, soon after the news broke that Bruce and Kris would be separating, Bruce and some of the couple’s children were seen at a golf course. When the family noticed a paparazzi taking a picture from across the green, the Jenner family each flipped the bird to the photographer while each had a huge smile on his or her face.
Interestingly, it seems that Kris was the first to take her wedding ring off after the divorce announcement while Bruce was photographed still wearing his ring.
There haven’t been any reports of infidelity or abuse between the couple and many of the anonymous sources who have come out to offer insight on the divorce have said that the split was a long time in coming. Bruce was already staying at a rental property for several months at the time of the divorce announcement and hadn’t been living inside the Kardashian compound in Calabasas for some time.
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Yakezie Beta Chapter Search
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In an effort to promote the crap out of the Yakezie Beta Chapter, I’ve created a search specific to us. This will make it easy to find Beta Challengers to promote.
The current list in the search is:
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http://www.yesiamcheap.com
http://SimpleVesting.com
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More will be added as I have time to dig through the forums. If you’re a Beta Challenger and don’t see your name, leave a comment below and I’ll get you added ASAP.
The Virtues of Preparation
The first day of school caught me by surprise yesterday.
I knew it was coming, and we had almost all of the stuff we need in the brat’s backpack, but we weren’t ready for it.
Yesterday morning, we woke up. Brat #3 was uncooperative, to say the least, so I wasn’t playing my ‘A’ game. I woke up Brat #1 and sent him on his way to get changed and eat breakfast. Ten minutes later, I chased him off of the couch to go get changed and eat breakfast. He had forgotten that his school day starts at 7:30, now.
He ate and grabbed his backpack to leave. I sent him to his room to change.
He changed and grabbed his backpack to leave. I sent him to his room for socks.
He put on socks and grabbed his backpack to leave. Then he realized his shoes weren’t by the door.
Shoe hunt!
I got him out of the door, only to see his face again a minute later when he realized he had forgotten something else.
Please remember that Brat #3 was acting up the entire time.
During the course of this, I was trying to make my lunch, which spent the day sitting on my kitchen counter. I was dressing myself; I don’t know how many times I made it to the front door, only to realize I hadn’t put on socks, yet. Or pants, for that matter.
What could have gone better?
Preparation.
On Monday, the day we all had off, with no plans, we should have set our alarms and done a dry run, right up to the point of walking out of the door. Here’s how Monday should have gone:
- All the school and daycare stuff should have been ready to go the night before.
- I get up, have breakfast, then wake Brat #1.
- He gets up and has breakfast, while I dress Brats #2 & 3.
- Brat #1 gets dressed while I help the girls with their shoes and jackets.
- Brat #1 throws on shoes and heads out the door while I strap the girls into the car.
- Everybody’s happy.
That’s the well-oiled machine I would like to see in the morning. Am I dreaming? How do you handle your morning routine efficiently?
So You’re Getting Evicted…
Last week, I had the opportunity to visit eviction court, though not for anything having to do with my properties.
It was an interesting experience. Eviction court is a day when nobody is at their best. Landlords are fighting to remove bad tenants, sometimes questioning their desire to be a landlord, while tenants are fighting to keep their homes, often with no backup plan. Occasionally, you get someone who just wants to get out of their lease because the landlord is a creepy peeper who digs through the dirty laundry.
Nobody goes to eviction court in a good mood.
If you ever find yourself in eviction court, here are some things to remember:
Everyone
- If you don’t show up, you lose. Period. Landlord or tenant, judges don’t like waiting around. You will get the worst possible outcome if you stay home.
- The first day is a hearing. The judge will either accept a settlement between the two parties, or he’ll check if there is a valid reason for a full trial. The trial will be schedule for another day. In Minnesota, that happens within 6 days of the hearing.
- Don’t make faces at the other side while they are talking to the judge. Do you want to go to jail for being a smartass? It’s called contempt of court.
Landlords
- Fix the mold, rot, and other habitability issues. You’ll have a hard time getting your rent back if you are a slumlord forcing your tenants to live in a biohazard.
- If you’ve got an automatically renewing lease, don’t file the eviction notice with the renewed lease for violations that happened under the old lease. If you do, you’ll be handing a win to your tenant.
- Make sure you lease has an eviction clause. If it doesn’t, you may not have the right to kick out your tenant for any reason.
- Your tenant’s dirty underwear is not a toy for you to play with. Creep.
Tenants
- Pay your rent. If you are withholding rent to get something fixed, you’ll be expected to put that in escrow the day of the hearing, so don’t spend it on vodka or a new stereo.
- Read your lease and the filing. It may have a backdoor that lets you escape the eviction.
- Try not to get evicted. An unlawful detainer can make it hard to rent again for a couple of years.
- Dress nice. I’m amazed by how many people showed up in ratty jeans and uncombed hair. Look professional. The judge will appreciate the effort.
All in all, it’s best if landlords and tenants try to keep each other happy. The whole business relationship will go much smoother if you do.
