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Single market transactions involving loan portfolios had until recently not been attempted. Now, a company employing the eBay auction principle has come forth and set out changing the model, with loan acquisition now viewed using an advanced mentality.
The packages assembled for this marketplace are put up for bid at reduced prices to increase your buying power. Small packages in this way turn into a worthwhile purchase, making the market more open to all investors. Size and credit quality are finally no longer barriers to the opportunity for investment. All online businesses can reach a wider range of clients than traditional dealerships, and the access offered to investors by this format doesn’t disappoint. With the emergence of a business model loosed from the constraints of time and location many other limitations are erased and money can be saved. Getting in touch with the greatest possible number of leads is crucial when dealing in anything. Therefore, when you register with our web site and begin listing loans, we’ll grant you all the necessary data, at any time. Selling loan packages is becoming a whole lot easier, and so much more economic.
The truest route to profit comes from the acquisition and examining of pertinent data. During consideration of any kind of loan package, data transparency guarantees a better awareness of what you’re paying for and as a result helps reduce the risk you operate with. Taking advantage of the novel transparency this service offers you will become capable of handling your investments entirely by yourself without having to solicit the services of a broker. Buyer and seller both stand to profit significantly from full and frank disclosure of pertinent data, meaning honest dialogue becomes commendable, effectively balancing profit with risk. The preventation of fragmentation in packages keeps things painless when it comes to identifying the right package. Time is not wasted by this approach — not only for the buyer but also on the dealer’s side. Introduce to this a system of open bidding and all transactions are much more likely to close with, as a result of honest negotiation, a strong likelihood of gain for all involved parties.
Increase the potential of your business dramatically by taking full advantage of recent advances in Web commerce. What with a larger scope, reliable standardization of information, and the prospect of securing a package tooled to your exact requirements, the question becomes: why not deal online?
Getting a top notch home inspection in Phoenix is critical whether you’re about to sell a home or buy a home. Here are a few pointers to doing your own property inspection to make sure your property inspector does what is mandatory, but don’t take this as legal advice and always seek pro help. These tenets might also differ from state to state.
Before meeting with the Cave Creek home inspector, you’ll be wanting to bring copies of the deed, survey, tax demand, leases, and invoices for any major work on the property. These documents will familiarize the property inspector with your property ; likewise, the search of the same will cause the seller to invest time in the negotiation.
1 ) Exterior Inspection
Start with an exterior assessment. With clipboard and pad, record impressions about bordering property, driveways, walkways, stairways, and handicap access. Note the parking situation, grading, and landscaping. Inspect the condition of outside walls, doors, and windows. Use your binoculars to test the roof, or if possible inspect it close-up. Is it cracking or thick with too many layers? Are the gutters and downspouts in good condition? Water is destructive, so be aware of drainage. Look for damp conditions, peeling paint, cracking mortar, algae and mould.
2) Major Systems Inspection
The basement is one of the most telling parts of a property. From there, begin assessing the major systems. Check the foundation by studying the supporting walls for sandy, cracked, or deteriorated mortar. To find air leaks, look for cobwebs-spiders spin them near openings to prey upon insects who enter from outside. Explain this entomology lesson to the vendor as you pick at those energy inefficient cracks. Check the sump for water which indicates seepage. Water draws termites, so use your screwdriver to probe beams for rotten wood.
3) Living Area Inspection
Next, inspect the living area. Check for an alarm system and smoke detectors. Note the smell-it can affect value. Tally the number of bedrooms and toilets. ( According to FHA, a’bedroom’ is not a bedroom if you’ve got to walk thru it to access another room. ) Many older houses lack closet space, so make note. Inspect the composition and condition of floors and walls. Test all windows and doors for ease of use. Also check that all electrical sockets are grounded ( three prong ) and functional ( you can use a cheap electrical tester. )
These are only a few things to consider when you get a home inspection done. This does not replace the advice of a real, qualified and experienced professional. Please seek qualified help when you actually need your Cave Creek home inspections done or call 480-415-7977 if you are in the Phoenix, Arizona area.
Unified marketplace transactions involving loan portfolios have until recently not been attempted. Now an online business designed with the Ebay auction principle in mind has come forth and begun revolutionizing the model, with loan acquisition tackled with a state-of-the-art mindset. Having developed a customer base as a national platform, loans are gathered into packages that can be bid on — typically at discount prices. Using the online marketplace data can be standardized to great effect. This system is capable of supporting any type of portfolio, with no barrier raised by its credit, performance, and size. Time and location are no longer important concerns and business can be conducted twenty four seven, which saves a respectable quantity of time. Any online business is able to reach a wider range of customers than their traditional counterparts, and the degree of access offered by this service to investors is a perfect example.
To sell loans, an investor or bank must aim to contact the greatest number of leads they can.
To sell portfolios, the more data available, the more opportunity you have for achieving great results. When examining any portfolio, information transparency provides a clearer awareness of what you’re actually buying and in consequence helps minimize the risk you operate with. You’ve always had use a broker or other third party in these affairs due to a lack of qualified standards of evaluation — with the help of this system, that’s thankfully changing now. Direct communication with full disclosure puts you in a position where buyer and seller both will equally benefit. Ensuring consumer and subprime loans remain standardized instead of fragmented means that picking out the right deal for you to invest in quickly becomes much more straightforward. Time is not wasted by this approach — not only for the investor but just as importantly, of course, for the trader. Introduce to this a system involving open bidding and all transactions are far more likely to close with, as a result of frank dialogue, a firm likelihood of benefit for all parties. Companies all over the world are taking advantage of the evolution of Internet commerce, and as this phenomenon begins to enter the loans trade, you’re well advised not to fall behind. They say there’s no wiser way to buy than online — what a lot of people regrettably fail to notice is that this also implies there’s no smarter way to sell…
Notwithstanding Property Index is still a recent concern, (they were incorporated in March 2007), they were quick to gain in reputation. Actually, they are a unbelievably unostentatious concern entirely concentrated on looking after anyone who is planning to buy, sell, rent or let estate across the world. They promise to help you hit upon smack what’s desired quick plus, of course, in a trouble-free manner.
Land can be bought all over the world presently, undoubtedly the most fashionable area being property for sale in Portugal. It should be easy as falling off a log to write up the marvelous properties available in Portugal, one rationale for picking estate here being property available and the marvelous opportunity of being able to live with such a lively, keen and vigorous population. It is one of the most favored areas presently, and in view of the lovely landscape and the agreeable climate that surrounds you all year long, how could you be wrong! Land in Portugal is rich in history, this geographical region is home to a number of nations.
Overseas property specialists Property Index sell a range of properties such as apartments and villas.
Just 20 years ago you would find merely a dribble of Englishmen in search of properties in Portugal. Just ask about anyone who has removed to Portugal and they’ll tell you the same thing. Some people would tend to view it as a craze and others tend to view it as a almost an obsession… People who are keen on moving to this place may extend from young families in search of a challenge in life to retirees intending to put their feet up. Bear in mind, however, that you may likely encounter a few bugbears when buying properties overseas: as can be expected, there are 100s of steps be it when brainstorming, touring or buying. If you miss out on one single step this may definitely bring about overwhelming bugbears plus, of course, more important, money loss.
Obviously and expectably with this popular location, properties may be dear in this location which is basically a result of the broad market pressure. In spite of this patrons are doubtlessly pretty spoilt in terms of choice in a destination determined by fantastic land and sunny vista. Certainly it can boast the whole enchilada anyone might require and then some.
Securing mortgages and loans along with acquiring on credit all require that your credit position is affirmative and that you aren’t suffering from bad credit. A succession of debt is felt by a person with a bad credit score as credit counselors will charge a heavy price for their service. Many people today are under the impression that the costly methods of getting credit repair service is the only way to repair bad credit, but with a slight effort many easy and inexpensive tips can be implemented.
The fundamental step is to determine the reason of bad credit. If you can confirm the reason of your negative credit position, only then can you repair your status. Unexpected
dilemmas such as job loss, funeral or hospital expenses, etc can be the major causes of bad credit.
After that, a suitable explanation can be identified by reaching at the core of the problem. Your credit reports can keep you aware of your up-to-date debts, credits and financial activities. Prior knowledge of your financial status can help your future position which is why yearly credit reports should be used.
Furthermore, the recent credit actions can be kept in check by maintaining a note of all the current reports.
Classify and maintain your bills.Lower your credit card use and do not delay your expenses.
You will understand that a credit score can be reached and your goodwill with banks will become favorable.If you cannot resist the need of using credit cards then think over the lives of primeval people which were far more trouble-free without credit cards. Last minute bill payments are also a reason for getting bad credit as numerous people have endured an overdue payment because of a problem in the credit process. Repair bad credit by encouraging consistency in your payments.
It’s suggested to use the direct method with your creditors and have a talk with them. Favorable discounts can be achieved by a skillful discussion. compelling resolutions can achieve your aims when negotiating with your creditors.
All such circumstances which can pose a threat to your credit profile should be avoided to prevent you from gaining a bad credit score. Bad credit can be damaging to your standing in society which is why it is recommended to apply the procedures outlined above.
Bad credit not only lays obstacles in your way of getting a worthy job but also extend problems in getting loans or in the purchase of a luxury. Prompt action to repair bad credit can ensure that your credit profile is secure and unharmed even after falling victim to bad credit.
fosters glenn
Foster’s Glenn is one of the newest gated communities found on Johns Island, South Carolina. It’s an extremely exclusive gated community for you can experience customized estate style living. The housing development features large estate sized lots and an exclusivity found only in an intimate community.
In Foster’s Glenn, there are only 23 estate size home sites available. This means that Foster’s Glenn is exclusive. It also means that you can find the most special home site and have a customized home that you’ve always dreamed of. This is what you can find at Foster’s Glenn.
While Foster’s Glenn is an exclusive gated community, it’s not short on amenities. There are many different amenities available inside this community. There are wide open park like areas where you can enjoy all that the great outdoors offers. There’s a beautiful lake inside the community. Oak trees abound creating an ambience not found elsewhere. Fosters when is a secure community were children can still enjoy being kids.
Since the lots are quite large, you have plenty of breathing room. This means that you can create the perfect house that it’s your needs and your desires, but most of all your dreams. Where else can you create your dream home other than on Johns Island South Carolina?
Many people are looking into the lifestyle and amenities found in Foster’s Glenn. This is hardly surprising since it’s the newest gated community on one of the most popular islands in South Carolina. Foster’s Glenn offers a rule I style, but it’s only 15 minutes from beautiful downtown Charleston. No wonder why Foster’s Glenn is attainable exclusivity.
Even if the Property Index is only a young concern, (they were founded in March 2007), they were very quick to gain in reputation. In point of fact a rather artless concern focusing on proposing guidance to any individual planning to buy, sell, etc. property across the world. Their promise is to assist you uncover smack what’s looked for very swiftly and, as well, without hassle.
Real estate is available for the asking in a wide selection of areas across the globe nowadays, probably the most fashionable area being real estate available for sale in France. It should be a no brainer to list a slew of the phenomenal realty available for sale in France, the rationale for hunting for property here is a combination of the houses and apartments available and the possibility to live with this lively and vigorous populace. This is one of the truly sought after markets nowadays, and with the overall attractiveness and wonderful weather surrounding you, who could be wrong! Real estate in France is steeped in history, art and culture, this part of the world has a long tradition as a home to a number of sophisticated cultures.
There are a range of properties in France for sale on Property Index, from villas to apartments.
Only 25-30 years back you’d find a mere dribble of UK citizens in search of realty in France. Ask any one single person who has moved to France and they’re likely to tell you the same. Many people would descry it as a passing trend and others descry it as a virtually an addiction! Clients that relocate to this region may range from young well to do couples looking for a bit of a new life perspective to the older generation who intend to enjoy themselves and rest. Note that there may well be setbacks when looking to purchase realty abroad; there’s a hundred actions to cope with be it when working out a plan, popping in or finalizing the deal. If you miss out on but a single action this is liable to definitely kick up large setbacks not to forget, even more importantly, a financial hammering.
As you will likely have expected with this favored region, realty might well be high-priced in this destination and that’s naturally a result of the peaking market demand. However, the buyer is patently pretty spoilt for choice in a place so full of merry countryside and superb vista. It presently has the whole ball of wax just about anyone could wish for, and more.
Property Index are specialists for property in Spain, view the site to see the different properties.
In spite of the fact that Property Index is still a recent concern, doing business since March 2007, they have become experts very quickly. On closer scrutiny, they are a fairly accessible concern dedicated to offering instruction to every customer who is planning to sell assets across the world. They pledge to assist you unearth precisely what’s needed quickly and, moreover, sans pain. Real estate can be found across the globe in our times, probably the coolest area being properties for sale in Spain. It’s straightforward to tally the fun property you can purchase in Spain, the argument for investigating properties here is property for sale and the great possibility of being able to live among such a energetic and enthusiastic population.
This is one of the truly fashionable countries in our times, and with the beauty and wonderful climate that surrounds you all year, who could say no? Real estate in Spain is steeped in history, this part of the world has always been home to more than a few civilizations. Only 25-30 years back there’d be merely a trickle of English keen on property in Spain. Just ask everyone who has moved to Spain and they’ll back it up. Many people would insist on labeling it a fashion and others insist on labeling it a that’s more or less an infatuation. Patrons intending to move to this place may range from young freshly weds looking for a challenge to elderly people looking to enjoy being retired.
Bear in mind, though, that you may encounter some complications when buying property abroad - you can find there are 100s of procedures whether organising, paying a visit or completing. If you only miss but a single minor step it may easily create broad complications as well as, more importantly, money loss. As is to be expected with this well-liked region, property might be expensive in this location and that is just on account of the expanding demand. Yet, homebuyers patently are hard to please in such a place determined by superb geography. It doubtlessly has almost all anyone might covet, and plenty more.
It’s Friday June 16, 2006, and we had some follow through in yesterdays trading session as the Nasdaq shot up over 2.8%, the S&P 500 jumped 2.1% and the Dow pushed its way through the 11,000 mark. But the volume on the Indexes weren’t as heavy as they should’ve been with these gains. It would’ve been a better situation for this jump to spread over a couple of days to avoid a big pullback but the market hung in there. So we may see a slight pullback today but we are looking for additional upside before the weekend.
Now lets take a look at Natural Gas. July natural gas rallied up over 61 cents to over $7.2 per mil BTU. That brings us to a company that we were hesitant about when it was over the $25 number because of a couple of reasons. First it was in a downward trading pattern and second their main source of revenue comes from the Gulf Coast, most specifically New Orleans, LA. Now it’s still a risky situation but under $19 your downside should be limited compared to the upside potential.
We spoke about precious and base metals moving on the upside on Thursday and that’s exactly what they did by the end of the trading day. Bringing many of the gold, silver, and copper stocks right along with it. Companies like Rio Tinto (NYSE: RTP), BHP Billiton (NYSE: BHP), Crystallex International (AMEX: KRY), Newmont Mining (NYSE: NEM), Peru Copper (AMEX: CUP) and Bema Gold (AMEX: BGO) move higher, but the big boys didn’t do too shabby either as Southern Copper (NYSE: PCU) added $5.94 to close at $77.94, Phelps Dodge (NYSE: PD) shot up $4.23 to close at $80.64, U.S. Steel (NYSE: X) rose $4.51 to close at $64.00 and Steel Dynamics (NASDAQ: STLD) traded up $4.66 to close at $55.57.
Now the precious and base metal stocks were not the only ones to do the whatoosie, oil and oil related stocks joined the party as companies like Petroleo Brasil (NYSE: PBR) which traded up $5.37 to close at $78.47, Oceaneering International (NYSE: OII) which traded up $6.59 to close at $78.96 and Ultra Petroleum (NYSE: UPL) which traded up $5.06 to close at $52.69 added to the rally as crude oil prices rose.
Now we should see follow through today in the oil sector as traders may be covering their short positions ahead of the weekend.
Political Front
Iranian President Mahmoud Ahmadinejad is continuing to get as much out of this tense situation as possible as he said a set of incentives and penalties aimed at persuading Tehran to curtail its nuclear programs was a positive step but left the door open in regards to how they would respond. So the beat goes on.
In the United States, President Bush inked the paperwork that has established the largest ocean wildlife reserve in the world. It is located along a string of islands and reefs that stretch 1,400 miles northwest of the main Hawaiian Islands. So President Bush is on a roll as this is sure to tack on to his favorable rating.
Sticking to the U.S., House Republicans have structured a debate on Iraq to show support for the U.S. Troops. The intent is to force lawmakers to take a position either way on withdrawing U.S. forces from Iraq in its fourth year. This is scheduled to kick off today.
Tid Bits
The founder of Microsoft (NASDAQ: MSFT) and one the richest people on the planet, Bill Gates, will be hanging up his day to day hat at the company by 2008, he will be passing the baton to his Chief Technology Officer Ray Ozzie when he steps down. Gates will be concentrating on his charitable efforts through the Bill & Melinda Gates Foundation. Now rumors are spreading rapidly that Steve Ballmer will be the next to step aside as the software giant struggles to find a way to keep itself relevant in the coming years as companies like Google (NASDAQ: GOOG) are nipping at its heels.
China Construction Bank is having a fire sale as they have sold a decent portfolio of reposed mortgage assets with a face value of US$120 million (960 million yuan) to a foreign investment group. They only received 19% of the face value of the assets, so hence the fire sale. This included both commercial property and land. This is just the start as they are scheduled to unload another billion plus worth of repossessed mortgages by year-end.
Google (NASDAQ: GOOG) is on a tear as they have just unveiled a government site search, basically this is a new function that will allow web surfers to locate data and information that are available on federal agency websites. This should come in handy not only for web surfers but for the government agencies themselves, giving their employees access to information quickly and easily.
After a series of question and answer sessions with the U.S Attorney’s Office and the SEC, it came to light that the former CEO of the New York Stock Exchange Richard Grasso took the 5th over 150 times during the numerous sessions with them. Grasso brought value to the NYSE during his tenure, he was attacked for his compensation package, which was voted on by the then members of the NYSE, and he continues to be hounded as it relates to the AIG situation. This is a developing situation.
Movers and Shakers
Some major movers in yesterdays trading session included Energy Conversion Devices (NASDAQ: ENER), which traded up $5.44 to close at $37.43 on Thursday. The stock just rode the momentum of the sector and you should see some follow through in today’s trading session.
GFI Group Inc (NASDAQ: GFIG) shot up yesterday after Citigroup Investment Research upgraded the stock from a Hold to A Buy. It rose $5.42 to close at $52.05.
Las Vegas Sands (NYSE: LVS) shot up $4.78 to close at $68.05, which brings the stock closer to its 52 week high. But we may see a pullback on the stock after the quick run up.
Steve Madden Ltd. (NASDAQ: SHOO) was upgraded to a Strong Buy from an Accumulate by C.L. King, this upgrade sent the stock up $4.64 to close at $30.08. Now the stock still has legs as it could continue it forward motion and reach the $33 maybe $35 mark in the coming weeks.
CEMEX (NYSE: CX) traded up $5.10 to close at $54.64, the company agreed to cancel a US$400-500 million arbitration case against the Indonesian government over a failed put option deal for acquiring a majority stake in PT Semen Gresik. Now it still remains to be seen if this cancellation will open the doors for Cemex to close a US$337 million deal to sell its 24 plus percent Gresik stake to the Rajawali Group. If they do get the green light this could boost the stock further.
Bear Stearns (NYSE: BSC) kick off the financial sector upward swing when they reported blockbuster numbers, the stock rose $7.36 to close at $131.56, while Goldman Sachs (NYSE: GS) traded up $5.62 to close at $144.12 and Black Rock (NYSE: BLK) settled in as it traded up $5.82 to close at $128.33. The whole sector moved higher but we are not going to list every company that moved up. A lot of the brokerage stocks are still not peaking so keep an eye on them, as they are sure to move much higher in 2006.
Other stocks that made nice moves on Thursday include Freightcar America (NASDAQ: RAIL) traded up $4.84 to close at $52.04, Dril-Quip (NYSE: DRQ) traded up $4.79 to close at $74.13, PetroChina (NYSE: PTR) traded up $4.71 to close at $99.18, American Commercial Lines (NASDAQ: ACLI) traded up 45.16 to close at $50.86,
Under Ten
Some stocks that made moves on the upside under ten bucks include Encysive Pharmaceuticals (NASDAQ: ENCY), the company stated that the Food and Drug Administration is reviewing their drug to treat high blood pressure in the pulmonary arteries, a condition called pulmonary arterial hypertension. This sent the stock up over $1.96 to close at $7.01 Back in March the company delayed its study with TBC3711 and the stock dropped from $9.45 to $4.60 within a couple of days, so you may still see some upward movement on Encysive going into next week.
Other stocks that moved higher yesterday under ten bucks included Datalink (NASDAQ: DTLK) which traded up $1.21 to close at $6.16, Daystar Technologies (NASDAQ: DSTI) traded up 98 cents to close at $9.38, Volcano Corp (NASDAQ: VOLC) traded up 95 cents to close at $9.95, Home Solutions America (AMEX: HOM) traded up 90 cents to close at $7.70, Neopharm, Inc (NASDAQ: NEOL) traded up 89 cents to close at $6.87 and 24/7 Real Media (NASDAQ: TFSM) which traded up 81 cents to close at $7.69.
Downers
Believe it or not there were some stocks that actually traded down yesterday and they include PrimeEnergy (NASDAQ: PNRG) which traded down $3.33 to close at $78.47, VeraSun energy (NYSE: VSE) the recent Ethanol IPO dropped down $2.85 to close at $27.15, Nutrisystem (NASDAQ: NTRI) traded down $2.16 to close at 457.42, TeleFlex, Inc (NYSE: TFX) dropped $2.10 to close at $51.28, Daily Journal (NASDAQ: DJCO) traded down $1.19 to close at $38.10 and Altus Pharmaceuticals (NASDAQ: ALTU) traded down $1.12 to close at $18.27.
Now some stocks under ten bucks that received the royal smack down yesterday include Catalyst Semiconductor (NASDAQ: CATS) which traded down 55 cents to close at $3.62, Himax Technologies (NASDAQ: HIMX) traded down 23 cents to close at $4.77, Electro Sensors (NASDAQ: ELSE) traded down 17 cents to close at $4.18 and Advanced Environmental Recycling Tech (NASDAQ: AERTA) traded down 13 cents to close at $3.33.
Analyst Upgrades/Downgrades
Recent Analyst upgrades include Coldwater Creek (NASDAQ: CWTR) which was upgraded to an Accumulate from a Neutral by C.L. King, Sovran Self Storage (NYSE: SSS) was upgraded to a Buy from Hold by AG Edwards, Solectron Corp (NYSE: SLR) was upgraded to a Peer Perform from a Under Perform by Bear Stearns and Nvidia (NASDAQ: NVDA) was upgraded to a Buy from a Neutral by UBS.
Recent Analyst downgrades include Catalyst Semiconductor (NASDAQ: CATS) which was downgraded to a Hold from a Buy by Needham & Co, CV Therapeutics (NASDAQ: CVTX) which was downgraded to a Market Perform from an Outperform by Piper Jaffray, General Mills (NYSE: GIS) was downgraded to a Hold from a Buy by Citigroup Investment Research, and Volt Information Sciences (NYSE: VOL) which was downgraded to a Neutral from a buy by Sidoti & Co.
Recent analyst coverage initiations include Bright Inc (NASDAQ: CELL) it was initiated with a Hold rating by Jefferies & Co, Nova Chemical (NYSE: NCX) was initiated with a Sector Performer rating by CIBC World Markets, FLIR Systems (NASDAQ: FLIR) was initiated with a Buy rating by BB&T Capital Markets and News Corp (NYSE: NWS) which was initiated with a Peer Perform rating by Bear Stearns.
FURIOUS FIVE
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HAPPY FATHERS DAY
We want to wish a Happy Fathers Day to investing fathers around the world.
We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, it’s only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.
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Disclaimer:
None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors should consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security.
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Louis Victor is the host of the syndicated radio show and financial newsletter “Wall Street to Main Street” which is featured on the NAMC Newswire Radio. He has been involved in the financial industry for over two decades, on the retail and investment banking ends. He is also well versed in the advertising and marketing industries, which has given him insight into market trends and unqiue companies that may be under the radar. |
In 1960 an engineer working for a watch company in Switzerland discovered that a small crystal would vibrate at a constant rate. He found this was so accurate that it could be used to calibrate time so he took it to company management and said it would make an entirely new kind of watch that had no springs and no gears. They could not imagine who would want such a thing. Swiss watches dominated world commerce. They did not even bother to patent it.
The inventor took his new idea to a commercial trade show, set up his booth and tried to interest manufacturers to produce his new kind of watch. Of the thousand people only 2 were willing to try it - Texas Instruments and Seiko Corp. of Japan. Ten years later the Swiss manufacture of watches had shrunk to 10% of it former production.
It took a complete change of thinking to produce this new model because most people are rooted in the old way and are reluctant to change. The new model, the new paradigm is refused.
Now I want you to think about another paradigm. This time a model for your investment portfolio.
Wall Street has been teaching since time began to Buy and Hold. When your stock or mutual fund heads south you are not to worry about it because “the market always comes back”. But my question is, “In your lifetime?” There are thousands of stocks that go up then go down and never recover. You might have some of those in your bank vault.
Here is the change in thinking you need to incorporate. Instead of blindly holding and suffering through a major decline, place a stop-loss order about 10% or 15% below the price. This is especially true when you first buy. The most important thing every professional investor does is protect his capital. You never need worry about how much you will make. Your major concern should be how much will I lose if this turns into a mangy dog. After you have owned this gem and it does go up you can replace the stop-loss order at a higher level and continue to do that (monthly) until you are finally stopped out (sold out) when this puppy starts down.
Your broker will not want to do this for one very simple reason. He then becomes responsible to see that the order is executed because if it isn’t he will have to make up the difference out of his pocket. He will actually have to watch your account for a change. If he gives you a hard time find another broker.
Customers are not taught this simple method of thinking about the stock market because it creates additional paperwork for the brokerage company. You must change your thinking. This is a better way than how the big brokerage houses tell you. This paradigm will allow you to make more money because when you are sold out and have cash in your account you will be able to find a better stock or mutual fund.
Strangely there is a similarity to the Wall Street thinking and that of the Swiss watchmaker. If the watch manufacturer had opened his mind he could have expanded his business and held on to the world dominance of timepiece manufacture. If the major brokerage houses taught their brokers and customers to make money (which they don’t) they would increase their income and have many satisfied investors. Instead of holding on to a losing position the customer would be sold out (another commission) and have cash to buy into a different stock or mutual fund (another commission). It would result very quickly in doubling the amount of trading and protect their clients from substantial losses.
Brokers almost never tell their people to sell. Of the more than 8000 listed stocks there are currently only 87 sell recommendations. It is customary after a stock loses 50% of its value to be downgraded to “hold”. And you know where you are holding it while you watch it go lower and lower.
You are obviously smarter than your broker. No one will take better care of your money than you do. Isn’t it time to adopt this old, but unused paradigm?
Al Thomas’ book, “If It Doesn’t Go Up, Don’t Buy
It!” has helped thousands of people make money
and keep their profits with his simple 2-step
method. Read the first chapter at
http://www.mutualfundmagic.com
and discover why he’s the man that Wall Street
does not want you to know.
1-888-345-7870; al@mutualfundstrategy.com