what do you think about the banks and other financial institutions lesson?give me some tips:)?
352660
Dear dnzsvn (what dat means?),\nIn the 1930's, when Willie Sutton, the famous bank robber was finally caught by J. Edgar Hoover's FBI, he was asked why he robbed banks.  His answer was simple.  "Because that's where the money is."\nBanker's have hearts of coal.  Or cinders.  None of them really want to help you.  They want to make money...just like most of us.  They will never lend you money if you need it...only if you don't need it.  It's a rule of banking.\nSo, here's one of the secrets of life from someone who learned it late but has managed to prosper from it nevertheless.  Do you work?  Do you have a job?  Do you get a paycheck every week?  DO YOU PAY YOURSELF!  That's the most important thing you can do, PAY YOURSELF!\nWhen you get paid for your work, take 10 pct of your net pay and go open a bank savings account (yes, I know, I said banks and bankers are swine, but you can use them until the proper time).  Always remember that YOU DON'T NEED: a new car, a new stereo, a new anything...make do with what you have.  You MUST sacrify while you are young in order to retire early (without relying on a soon to be non-existant social security system from the government).\nThen, when you have $1-2K in the bank, I recommend you go see a stock brocker from a reputable company (I use EdwardJONES, and NO, I am NOT employed by them nor do I get a finder's fee...I have just found my local agent to be a truly honest individual who has your best interests at heart), and put your money in a "money market" account.  Tell the broker to "roll over" (that is, reinvest) the quarterly dividends and keep putting that 10 pct per payday into the account.  Then, you should be able to retire around 45-50 and to hell with the rest of the world.  And stay away from credit cards unless you can pay them off the month the bill comes in.\nI wish you all the best.\nSincerely,\nkrazygab
1064897
On the face of it, this sounds like good financial management by the firm.\n\nIf it were financially shaky, they couldn't get bank cooperation to do this --so-- thumbs up.
439181
I've been studing the market game for about a year now, i didn't knew anything a year ago, I havent invested anything yet, i've just been practicing in stock simulators like stocktrak.com for about 2 months now, im happy i've made almost a 7% in my simulations (im happy with that since i am a rookie), I think I need to do a lot more reading, studing and practicing before I invest a single dollar for real. I think now I understand the markets much better.\n\nSince I am in a similar position as you are, just 1 year ahead studing :) , I would strongly recommend you to start by studing Profr. Peter Navarro's material. First I studied his audio course "Big picture investing", and read his books "when is raining in Brazil buy Starbucks", "when the markets move will you be ready?" and now i'm reading his most recent book "the well timed strategy", for me it was great to start with the audio course, since he explains the basics to understand the market, and it comes with a very didactic printed course guide. Profr. Navarro has been a great teacher for me, I don't think there are other books as good as this for a beginer, and belive me, i've done my research and been reading a lot!! after the audio course i was able to understand and take more "juice" from his books and other books that I have read, I recommend you to do the same thing.\n\nRegarding the Can Slim system teached by IBD's Bill O'Neal, I think he is a real master, his investing approach is great and relatively easy to follow if you use the investing tools on investors bussiness daily and do your research homework every day, actually, I just took the Can Slim Level I Seminar some weeks ago, and I am already subscribed for the level II seminar to be held at the end of this month, BUT, if i hadn't studied Profr. Navarro's material before, I am shure I would understanded much less from the can slim seminar, so I recomend you to start with Profr. Peter Navarro's material, its great material and has been a lot of help for me.\n\nYou can find Profr. Navarro's audio courses and books at barnes and noble, either in the book store or online, is not an expensive material, i would have pay 10 times its price, its worth much more.\n\nAnd, once you start to study, the learning curve never ends!! start with Prof. Navarro, before you buy any material much more expensive and not worth its price, belive me i've done it :(..im shure you will thank me.\n\nGood luck!!!
1120494
You should read "Rich Dad, Poor Dad". The author thinks exactly the same. The idea is: If we have sexual education, physical education, logic education (mathematics and others), artistic education, handcraft and so many other kinds of education in the same school for the same children, why not teach "daily-life" economics at school?\nPerhaps bankers and credit card companies wouldn't like that very much :)
1012958
well if you are willing to do some reading, just get stuck into these for a couple of days, hope they are of any help, hope things work out you sound decent what's up with those GW Bush  lot:\n\nhttp://finance.ebookorama.com/\nhttp://credit-cards.ebookorama.com/
630121
Make sure the nation you open the bank in doesn't require ridiculous payments to the government because your hard-earned money is YOUR hard-earned money. I'd say try a nation that may be having a little of trouble economically so that the people there would like to keep their finances safe and in a bank. Good interest rates would help in that situation and try to make fees as low as possible without losing money as a result.
38262
In my view yes - it is highly respected, it has a low pass rate (low 30's) for level 1 last December and it will open up many career options in the Investment community. On downside will ake a significant effort to pass each level.
741066
Not much going for free but check out Internet Banking interest rates, they beat the normal current account rates. x
1153868
The point of fault, which came under scrutiny too late, is actually a big one. The general functions are researched and performed very thoroughly, but I think there is general agreement among high-level economists and experts that the board which is to review the Regulation T limit, very much as the much publicized interest rate meeting, severely failed in their responsibility in the 90s. If they had tightened the actual fund requirements for margin accounts during the early 90s' (they never changed it, incidently) we would have had a much more stable economy over the past 20 years, and a much stronger one today.
408197
I would suggest not getting a trading account until you learn what these terms mean.  Also never open a trading account in a foreign country.  You may never get your money back.
555185
The financial world is no joke, its better accomplished with a trunk full of skills, then a hedge of short cuts. You will appreciate the level of skill enduring the time, because your rewards are much greater not speaking of confidence
582728
First step is a business plan (a really good one) your ideas, what money will be going out and what will be coming in (you have to second guess these things) and a trip to the bank for advice. A course on running a small business would help too, I did one and it turned me right off the idea lol.
969356
How much are you paying? I already have experience in mutual funds, cds, and etrading, I'm also curently a sophomore at florida atlantic university and I'm a finance major, I would probably gaurentee you at least a  B, probably an A.
661528
Blimey...there is certainly more to you that meets the eye isn't there Mr Raidehz??!! Am completely ignorant on all things business/stock etc...so have to compliment you as I'm sure its all pukka..what you says sounds completely confident and from someone who really knows his stuff...\nSo - a question for you: If I had @ £10,000 to invest, what is the best thing for me to invest it in right now to virtually guarantee good payback within a relatively short timespan......?
84715
i talked to a kid there who likened it to the fed in usa & loved the idea. i couldnt find any old people who liked it citing troubles & regrets in france, germany, italy & spain.\nhttp://www.philipdru.com/griffin3_stream.html
416051
I started by starting a Mutual Fund and having the bank deduct a certain amout from my account each month. Then later I started buying individual stocks later on. Has worked well for me.
694403
I hear you, but.........\nMy first "real" job many years ago when I was young and stupid (nothing's changed, I'm just no longer young) was with Midland Bank - they don't exist anymore, were bought out by HSBC.\nWe/They had a policy at the time to "discourage" what we described as "Flat-Cap" banking (think of the cartoon character Andy Cap)\nYes I accept that it was insulting, I'm not trying to defend or justify it.\nFlat-cap banking was the term used for people who were "told" by their employers that they would no longer get a real pay-packet with banknotes in it, they had to have their money paid into a bank account. It went in on friday and the whole lot came out on saturday (in those days by cashing a cheque over the counter, not through an ATM).\nThis was expensive for the banks - imagine walking into the newsagent and reading all their magazines and newspapers without actually *buying* one. - They don't need that sort of business.\nThese days I have a super-duper platinum a/c that costs me a tenner a month - for this I get free top-of-the-range AA membership (i.e. I can call them if My car is parked in front of my house and I can't be arsed to go buy petrol - they'll do it for me and check the oil/water/tyres etc), an interest-free overdraft without asking for an appointment with the manager and the 24/7 telephone number of *My* *Personal* banker who is english living in england rather than an offshored call-centre or a machine that will tell me how many people are ahead of me in the queue.\nBanking is a service, it costs money.