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Posted by Mark Pokorny December 20, 2017
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5 Reasons a Degree in Accounting Provides the Most Versatile Career

5 Reasons a Degree in Accounting Provides the Most Versatile Career

There was a time when people viewed accountants with disdain, often making jokes about the high school nerds growing up to become accountants with their thick-framed eyeglasses and pocket protectors. That’s no longer the case. Today, the world recognizes the need for qualified accountants, and that has opened up a whole world of opportunities who choose to pursue an education in accounting. Here are just a few reasons you may want to consider this career move.

Everyone Needs an Accountant

There will never be a shortage of accounting jobs because every single business needs an accountant. From Hollywood film studios to east coast hospitals, everyone needs accounting staff. As more complex laws regulate how businesses record their financial transactions, the field of accounting will continue to grow. Even if your true passion lies elsewhere, accounting skills relate to multiple careers, so your early accounting jobs can be used as stepping stones to something greater. You can branch out and even select jobs based on your geographical preferences.

Analytical Minds are Prized

More than ever, those skilled in math, logic, and statistics are highly sought after in the business world. Certainly, balancing the books is the most widely known function of an accountant, but accountants also manage pay for employees and ensure all of the company’s taxes are paid on time. In this way, the accountant is vital to keeping any business solvent and operating.

Work Part-Time, Earn Full-Time

Typically, a CPA (Certified Public Accountant) worked hardest during tax season, which is just January through April. This is a high-pressure period, but, for many in this line of work, it does come with benefits. The remaining eight months of the year can be spent working fewer hours or even taking extended time off altogether. The free time can be used to relax or to pursue another area of interest. Tax season usually can earn an accountant a full year’s salary, so that gives him or her the financial backing to pursue a hobby or a passion for the arts.

Career Flexibility

If you want to have a lot of options in your career path, accounting is a good fit. As mentioned earlier, almost every industry needs accountants, but you can even move beyond that. While earning your accounting degree, you will have also learned business management principles. This will allow you to branch into a variety of other careers in business if you find that accounting isn’t what you want to be doing. There are also a variety of functions that accountants can be involved in, from investments to financial projections, to bookkeeping.

Opens Up a Host of Opportunities

From lateral transfers to promotions, starting out in accounting can open more doors for you within your company. While your skills allow you to branch out into other areas, performing well as an accountant can promote you to other business positions naturally. Many accountants who have moved up to Chief Financial Officer were later promoted to CEO (Chief Executive Officer), proving that an accounting degree provides a vast potential for advancement.

Whether you choose to make a career out of accounting or use it to launch a career in a related field, getting started with a degree in accounting can provide anyone with a high level of career diversity. As you gain experience and establish your career, you may be able to choose your hours, the type of industry in which you work, or your geographical location. The nature of an accounting career provides opportunities that are only limited by your personal preferences and desires. This may be just the opportunity you need to advance in your life.




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Posted by Mark Pokorny December 15, 2017
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How Does Today’s Politics Affect My Investments?

How Does Today's Politics Affect My Investments?

When New York billionaire Donald Trump was surprisingly elected President of the United States in 2016, major stock exchanges around the world immediately reacted to the news. Wall Street was not in session when the first reports of a major election upset were broadcast; however after-hours trading declined sharply that night. Across the Atlantic, European stock markets plummeted, and a similar situation was observed in Tokyo; however, by the time most of the votes were counted the next morning, the overnight losses were reversed, and Wall Street had a bullish trading session.

The investment lessons from November 2016 underscored an important aspect of financial markets: they are clearly subject to political sentiment and behavioral economics. The initial tanking of the markets on election night was likely due to a feeling of uncertainty among traders; after all, statistical modeling predicted a landslide victory for Hillary Clinton. The bullish run on Wall Street the next day could be explained by traders feeling relieved that the controversial campaigning had come to an end; moreover, traders were likely “buying on the dip,” which means taking advantage of lower overnight prices.

 

 · Political Feelings and Stock Portfolios

 

In 2010, economists from the University of Texas and the University of Southern Mississippi published the results of a longitudinal study that looked into how political sentiment and optimism impact investment decisions. One interesting result gleaned from the study is directly related to risk tolerance: if you keep up with local news while your political party holds the White House or a Congressional majority, you are more likely to load up your portfolio with riskier stocks, and you will prefer shares from American companies.

 

 · The Herd Instinct

 

In times of political instability, global markets tend to react negatively, but these situations involve more than just reasoning. Let’s say your stock portfolio is loaded with shares of major oil companies; if you learn about a government corruption scandal in Saudi Arabia, you will probably think about selling some of these stocks and reducing your risk, and you will hardly be the only one doing so. Even if political analysts determine the scandal to be nothing to worry about, institutional investors may see an opportunity to take short positions, and seasoned traders will do the same. This is known as the “herd instinct;” not everyone will believe that the scandal will interfere with oil production, but they will certainly follow the actions of the majority.

 

 · What Should You Do?

 

But knowing what how the political situation affects your investments doesn’t mean you know how to act. It does give you the tools to anticipate changes and can help you figure out what you need to do. It is important to establish your goals for your investments so that you know what you should do if there is another upheaval like the one in November of 2016. Once you know what your goals are, make sure you keep up on the news at all levels, from local to international. Being aware of what is going on can inform your financial decisions and help you figure out the best time to buy or sell your investments.




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Posted by Mark Pokorny December 14, 2017
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What Will The Stock Market Look Like in 20 Years?

What Will The Stock Market Look Like in 20 Years?

If anyone could completely predict what the stock market will look like in twenty years, you might as well name them Nostradamus and hand them all the money in the world right now. Every market investor knows that it is not possible to predict the movements or changes in the market with one-hundred percent accuracy. The best that we can hope for is to make informed and educated guesses and just wait to see what happens.

 

 · What The Greatest Investor In The World Thinks

 

There is no reason to be concerned about the markets says the Oracle of Omaha (aka Warren Buffet). In a September article on CNN Money, he predicted that the Dow Jones Industrial Index will hit one million within the next one-hundred years. This is a bold statement given that the market currently fluctuates between roughly twenty and twenty-five thousand. All of this goes to show that Buffet believes in world capitalism, and he does not see it going away anytime soon.

 

 · China Will Continue To Shine

 

It happened without much fanfare, but China took over the top of the list for the world’s largest economy in 2014. It was something that had been predicted for some time, but many still feel as though they live in a reality that no longer exists. It is simply not the case that the United States is the world’s largest economy. With this dynamic shift, the United States has to take a back seat so to speak to some of the economic agenda setting and policy making of China.

The two countries are very much tied to each other economically, so what happens in one will likely be mirrored in the other. This could make for an interesting dynamic that keeps investors guessing.

 

 · Are We In A Bubble?

 

Perhaps we are in a bubble in the market right now. There are certainly more signs that we are in a bubble than not. Still, twenty years is a long time frame to take a look at. The market increases in value through most ten year periods, let alone twenty years.

It is reasonable to assume that in twenty years the stock market will be higher than it is today. This year or next year may be a down year (perhaps even a big one!), but the overall trajectory of the market is to continue to climb. All investors, particularly those with a long time horizon for their investments should consider what kind of returns they may see after twenty years.

 

Resources

Stock Market on Verge of a Melt-Up

Top 9 Economic Predictions for the Next 10 Years

Beco Life Insurance Settlements

DOW Will Hit 1 Million in 100 Years




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Posted by Martin December 12, 2017
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Trade with no emotions


People keep asking me how I trade, how do I set up trades what do I look for to create a trade. So here is my view reposted:
 

I try to keep it very simple and with no studies behind it. I have a certain set of rules or steps and I execute them pretty much without thinking. I want my trading as automated and brainless as possible, trade like a robot to eliminate guessing, worrying, fear, double guessing, predicting, searching for reasons, and so on.
 

So I start with how much I can trade per account, usually 50% of the available cash for trading or buying power (BP). So any trade I plan to open, I check what it would do to my BP, if it falls below limit, I do not open a trade, if I have plenty of cash to trade I may take it.

 
Next I have a watch list of about 30 stocks I selected before on a set of criteria such as – must be a dividend stock (I have two exceptions – AMZN and SPX), must be optionable, must offer credit of $15 or more for 7 DTE or more, etc.

 
Then I create a trade around 1SD or more or expected move (EM). So, for example, I look at 10 DTE trade bid price. If the bid is 0.02 then that’s not tradeable. So I change DTE to 45 and see bid price 0.20. That’s acceptable (must be a price at 1SD (or +/- 0.15 delta).

 
I check the chart where the stock is, where the supports are, resistances are and what a trend is. If bullish trend I may change my strike and go higher (20 or 30 delta, also depends on the stock). If the stock is neutral or going sideways I tend to be wider as the stock may move in a sudden rally or selloff which is unpredictable and I do not want to get busted. So with a trending stock I can choose a skew, without a trend I want to be wider on both sides (call or put side; e.g. strangles, or omit one side whatsoever).

 
I always try to select as short DTE as possible.
 

So, when 1SD is OK, credit is OK, DTE is OK,overall BP is OK, I take a trade. There is nothing much you can do about it anyway. Any search for reasoning analysis or whatever will do nothing to you. It will ruin your mindset and convince you about something which is not true. And on top of that any analysis you ever make will be invalidated the moment you take the trade as it will become a past. The goal is not in a setting a trade based on your expectation, the goal is not to be stuck in that expectation. Your mind must be free to judge two things once you take a trade: – the trade works, – the trade doesn’t work. So when all those four steps/rules are met, I place the trade and then my focus is on managing the trade.

 
I watch the trade carefully – I immediately place a buy back order – for longer DTE at 50% of creidt, for short DTE 15 days or shorter at 0.05 debit, for 5 days or shorter I let them expire (unless there is a strong move against me and I need to react). For example, I open AMZN 4 DTE, collect 0.75 credit, block $2,000 BP; and in 2 days I can close it for 0.05 debit, then I do that, close it, release cash and end up with 0.70 credit profit. If however I have SPX trade, block $500 cash, collected 0.30 credit and have 4 DTE, then most likely I let it run until expiration unless there is a strong move in one direction – for example I have a Condor then I place a separate closing on puts and separate buy back on calls, so if the stock runs up, the puts get close early and I will have free hands (no additional margin required) to roll or convert the calls.

 
If I start feeling uncomfortable with a trade I proceed to manage it – close it, roll it, convert it. Sometimes you get stuck in a trade longer than you wanted or you will have to accept assignment. If nothing works, close it, take a loss, and move on.

 
Over time you get in tune with the market and “your” stocks. But “your stocks” shouldn’t be a love until the death departs you or “fomo” thing. The goal is to be completely unemotional and cold headed (probably the hardest part) and not looking for reasons is what will help you. That’s why generally I do not want to know which company invented what, who is buying who, who made money, who didn’t, what the crowd thinks, what you think, or what I think in that matter. Once you make your mind and become a believer of a stock doing something you will have a hard time to change your belief and mind set and change your trade. We are in a strong bull market with 8.5 years of bullish move. It is very easy to get caught in this market as “what can go wrong?” mind set and when the trend changes many will be caught in disbelief and paralysis. I may sound like I have mastered this but I am afraid myself that I may be in this trap too. I am saying myself all the time, “don’t worry, if the market reverses, you start trading bearish trades such as call spreads or naked calls” but I still have a doubt whether I will be able to manage it once this comes. I have been through 2000 and 2008 crisis but not as involved as today… The big test is coming and no one knows when. We just need to be prepared for it with a proper money management and trade management.

 
Hope this helps.




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Posted by Martin December 11, 2017
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November 2017 results


November 2017 is over and it is time once again to review my accounts and performance.
 

As of today, I manage four accounts (my own) and one client account. Here is a list of accounts I manage and review in my monthly reviews her on this blog:
 

TD Ameritrade – trading account, taxable
IRA – retirement account, pre-tax deferred, former 401k account
ROTH IRA – trading account, after-tax deferred
Lending Club – P2P lending, taxable

November 2017 was extremely good month and I made good income trading options. Let’s take a look at each account individually:

 

 · ROTH IRA account:

 

I am polishing this account to bring it up to follow my 2018 options strategy I published yesterday. That means that I am bringing my options trading in line with the strategy, stop trading options against stocks not in my watch list and I also will be removing non-compliant stocks from the portfolio.

I started doing this by removing PSEC, and LGCY. Other stocks I plan on keeping for now, but only a few will be used for further accumulating (only those which are in my watch list).

My options trading in the ROTH was limited to available cash and I only made $125 dollars in premiums and $87.09 in dividends. It is in line with my previous performance and in the coming months I expect this to improve and grow my income which will be used to purchase new shares or accumulate and re-invest in options trading as per my strategy.

 

November 2017 net-liq: $23,020.51  ▲ (up by $161.64   0.71%)
November 2017 dividends: $87.09   ▼ (down from previous $88.60)
November 2017 options: $125.00   ▲ (up from previous -$4.04)
XIRR: 9.01%   ▼  

 


 


 
Monthly dividend Income:

 


 
My dividend holdings:

Options Income
(Click to enlarge)
 

 

 · TD account:

 

Trading account was very successful in November 2017 and we generated nice income from options. We continue cleaning the account from bad trades and use the income proceeds to do so (for example in December we may use November income to close some bad positions and offset the loss). We will also bring this account up to our strategy rules but it will take longer to do it. We are taking only a few trades, mostly rolling or adjusting the trades as needed. No active trading as of now.

 

November 2017 net liq: $25,067.45   ▼ (down by $115.43;  -0.46%)
November 2017 options: $2,094.64   ▲ (up from previous $523.34;   8.36%)
XIRR: -22.81%%   ▲  

 

Month-to-moth trading results

Trading results
 

(The red dots on the chart indicate income estimate, blue bars actual earnings.)
 

 

 

We are presenting you our month-to-month business performance review:

 

 · Lending Club

 

Lending Club is still showing one note delinquent which still keeps me annoyed. But I decided to give it a try so I will continue the course and see if it really makes any sense to invest in P2P. But I am refusing to put more money against this vehicle. I deposited $500 dollars and that’s all I am willing to play with as of now unless proven that it makes sense. If even after losses from delinquent borrowers the account resumes its growth then I might consider adding more money to it.

As of today, I consider it a lost case. Still.

 

November 2017 net liq: $499.41   ▲ (up by $2.17   0.44%)
November 2017 interest: $8.89   ▲ (up from previous $5.17)
XIRR: -7.94% ▲  

 

 

 · IRA Account

 

I started trading this account in October 2017 and I am already trading it according to my rules mentioned in my yesterday’s post. So trading is smooth and profitable.

I want to reach the growth rate of my former 401k account and grow faster than that. I hope, I will be able to do it. As of now, after two months of trading, my former 401k CAGR was 24.84% after 9 years in the plan, and the rolled IRA’s CAGR is 16.72% after two months in the account. I consider it a not bad result so far. Let’s see how next month will do.

 

November 2017 net liq: $88,574.19   ▲ (up by $979.33   1.12%)
November 2017 options: $2,567.00   ▲ (up from previous $313.00)
CAGR: 16.72%   ▲  

 

 

 

 

 

 

 · Conclusion

 

My outlook for December 2017 is still bullish (in fact, I think the whole year 2018 will be a strong bullish rally, unless the economic expansion changes).

Lately, I had a discussion at Stocktwits… Sometimes very “interesting” and fiery with all the crystal ball owners.

They drive me crazy.

And I think, I am becoming and old fart, grumpy one (the picture in my profile is about 10 years old, that’s when I was young and handsome). Sometimes I like to tease them for their art (which I call a coloring book for kindergarten kids – that makes them furious as they spent hours and hours creating their charts and I downgrade it to a coloring book). But lately it makes me allergic to all sort of predictions. They are in fact worthless.

It took me two years to grasp the psychology of trading (and I still think I am not there as it is an evolving process), and by the way, watch the recent Bitcoin mania closely as you are witnessing craziness and idiocy live right in front of you, you no longer need books to read about a crash in 1932, 1987, 2003, 2008… it is all happening again, so watch it closely and learn from it.

So, what matters in the market?

It doesn’t matter what the market does or wants to do and what the so called gurus think the market will do tomorrow or in the next five years.
What matters is that you know what you will do when Mr. Market throws at you any of his/her obstacles. Always have a plan what to do and minimize a loss or avoid it whatsoever.
Trade what you see and not what you think may happen (some go even further and say what “will” happen). It doesn’t matter how long we are in a bullish trend, it doesn’t matter what the PE of the market is, or what the current valuation is (because what is expensive today, can become even more expensive tomorrow – again, just look at Bitcoin), or if a trend lasts 2 years or 20 years – it all means absolutely nothing.

What means/matters a lot is that you know what to do when the music stops… And this is the hardest part of trading! You see it happening and you stop believing what you see, you get frozen and paralyzed and you lose it.

Many spend hours drafting their charts predicting reversals and when the reversal happen they still miss it. Don’t be one of them.
 

Chicken Little
 

As long as we see this improvement there is no need to be selling your stocks on valuation. Instead, buy every dip you can.

 
What do you expect from the stock market in December? What is your strategy for the rest of the month/year?
 




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Posted by Martin December 10, 2017
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Dividend CCCs Link


Over time my trading strategy evolved. I went from chasing high yield to chasing high options premiums and now I realized that it is all futile. And dangerous.

So, I am now in a position that I am OK collecting a few dollars every month or week as these small payouts will compound and grow large. It is more important for me now to preserve my account and keep trading.

Before, when trying to sell options I thought selling options to collect $15 dollars premium is not worth it. So I was chasing big premiums such as $400 dollars. Today, I am sitting on a few trades stuck in them, trying to roll them to get out as a winner, or close them and take huge losses.

I was thinking that selling options against good quality stocks and collecting only $15 dollars per trade is worthless so I took high flying stocks such as US steel (X), or TECK, or LULU, MNK (fortunately, I am out of this one), or WYNN… All bit me hard for being greedy.

On the other hand all my small premium trades against good quality stocks such as JNJ, T, BAC, BA, O, etc. are all performing well and keep bringing small dollars every week or month.

Just in the first week of December 2017 I could make over $700 dollars in premiums trading these “little”, lazy stocks! And I keep trading in lieu of sitting on my hands and waiting for those bad stocks to come along so I can get out of those trades.

 

I do not know if this is something you need to learn the hard way because we do not listen the experienced traders or it is just me stubbornly trying to prove to everyone that I can do better.

Many times in the last year or two, even in this extremely bull market when everyone makes money, I still had a few occasions where the stock position gave a hard time. It could be a hard time to upside or downside. And I realized that it was the high flying stocks which were the culprits. Never positions against good dividend blue chips.

And then I came to realization that I needed to change my strategy a bit. Modify it. Trade safely and not chase premiums at all cost as sometimes the “all cost” can be very costly.

I therefore modified my strategy to trade put options against dividend growth stock – dividend aristocrats (or Champions). I allow for a few exceptions using dividend contenders or Challengers, but mostly stay with good high quality stocks even though the premiums collected will be lower.

 

 · My 2018 Options Strategy

 

My stock selection process and trading strategy is now as follows:
 

1) Choose 30 shares from the Dividend Champions list.

2) Select 30 shares from the list which offer options, weekly, or monthly, and have enough put and call strikes available.

3) Select stocks which offer min. $15 premium on as short day to expiration (DTE) as possible (ideally 7 – 10 days or more)

4) Check stock list regularly (ideally monthly) and when any stock is removed from the list, remove the stock from watch list, sell all positions and stop trading options against the stock.

5) Sell puts against these stocks.

6) Roll put options to roll assignment as much as possible, if rolling is not feasible, accept assignment.

7) Once assigned, keep the stock, collect dividends.

8) Start selling covered calls.

9) Roll calls up (or down) as much as possible to avoid assignment.

10) When rolling is not feasible or possible, accept assignment and sell the stock.

11) Rinse and repeat.

 
Use the above process to build a strong dividend stocks portfolio with these rules:
 

12) Use 50% of options proceeds (income) to buy dividend champions stocks either directly (if not enough cash yet available) or via in the money puts and assignment.

13) If the monthly income from options is higher than $1,000 dollars, use 50% and buy shares of dividend champions which are in a correction mode.

14) If the monthly income from options is less than $1,000 dollars, use 50% of 6 months combined income to purchase dividend champions. In this case, purchase stocks in August for January – July combined income; and in January for August – December combined income.

15) Reinvest dividends either via DRIP or direct reinvestment.

16) Sell covered calls against these dividends only when a CC can have strike above the cost basis so if the stock is called away it is for a gain and not a loss.
 
 

To be able to follow my rules above, mainly the proper stock selection to trade, I placed a Dividend Champions link on my blog menu. I will be updating this list every month as much as possible, or at least once or twice every year so when a stock in my watch list is removed I can react and remove it from my list too.

Dividend Champions link

 
Note: The list is David Fish’s list and free for every dividend investor and free for non-commercial use. I would like to recognize and give thanks to David Fish for compiling and maintaining this list for small guys like you and me.
 

 

 · My 2018 Watchlist

 

Using the process above, I created my watch list for 2018:

 

2018 Dividend Champions watch list

 

The list above (and the shares owned) are for my IRA account but I will be using the same watch list for my ROTH IRA and TD (trading) account.

 
I wish you all good luck in 2018 investing or trading!
 




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Posted by Mark Pokorny December 09, 2017
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How Much Should You Be Spending on Home Security?

How Much Should You Be Spending on Home Security?

Most people only buy a couple of home security systems during their lives, so it’s easy to understand why they don’t know how much they should expect to spend on one. The fact is that the price of a security system will depend on the type of system that the home needs. The price range is fairly wide, but there are a lot of ways to cut down on the cost without compromising the system.

Basic Pricing

The cost of home security can range from a few dollars to install a decent lock on the front door to a couple thousand for the most advanced systems. Homeowners who need an average level of protection should expect to spend $500-$100 on their system, with added costs for people who need lighting or security camera coverage on large properties. People who want a monitored system should expect an additional cost of $30-$100 each month.

That may seem high, but it is much lower than the cost of replacing valuables after a robbery. The systems are also quite durable; the initial cost is not a recurring expense. There are even ways for smart shoppers to cut down on the price, so people can usually afford more security than they first believe.

Saving Money

There are two major ways to reduce the price of a security system. The first is to opt for package prices when they are available. Security companies often bundle alarms, cameras, services, and other security assets together for sale. These packages normally come with significant discounts, so they tend to be the best deal for people who can find a package that meets their needs.

Some people can also get discounts through their home insurance companies. Some companies work with specific security businesses to get discounts for their clients. The clients appreciate it because it saves money, but the insurance companies also benefit. They are less likely to have to pay out on the policy if their clients have security systems, so they usually encourage people to install them. In some cases, they will even offer discounts on insurance premiums to provide another incentive. Taking advantage of that can often cover most of the cost of a system within a remarkably short period.

The Price of Safety

The price of a security system will depend on the size and type of system that you need, but it will be quite affordable. When compared to the potential cost of getting robbed or injured, most systems turn out to be fairly good investments. As long as you keep your needs in mind and shop around to find a good deal, you should come out ahead on your security system.

References:

Home Security Decreases Homeowners Insurance

Security System Prices Comparison

Top 10 Reasons to Install a Professional Security System




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Posted by Mark Pokorny December 05, 2017
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How Your College Degree Impacts Your Investing Ability

How Your College Degree Impacts Your Investing Ability

You probably already know that a college degree is beneficial for many reasons, ranging from job security to career satisfaction and even the legacy you will leave for your children. There is yet another benefit to obtaining a college degree, although it may not be directly apparent. That personal finance class during your freshman year and even the algebra course you slugged through, just because you needed it for your general education requirements, might not be so worthless after all. The liberal education structure that most college degrees are based on (yes, even degrees in music or psychology that are quite remote from calculating the area of a circle) equip students with a solid base of general knowledge that can be applied to many other areas of life.

You don’t need a college degree to invest, but you do need significant knowledge of financial affairs. Also, a willingness to “learn the ropes” of investing in the specific field in which you are interested (stocks, real-estate, etc.) and a primary mathematical ability are essential. All of these tools can be gained through the pursuit of a college degree. A college education develops work ethic as well as knowledge, a skill that is useful for improving a lifetime learning mindset and increasing your earning power as an investor.

Accounting Degree Benefits

Certain degrees are more helpful for investors than others because their coursework is specifically geared toward helping students enter careers in fields that are firmly related to financial investing. For example, an accounting degree provides a broad knowledge base of financial management and taxation, among other similar areas of expertise. Typical courses that compose an accounting degree include Principles of Managerial Accounting, Cost Accounting, and Analysis of Corporate Financial Statements. Fortunately, many online accounting degree programs can be implemented into busy lifestyles. This implementation allows many people to gain more in-depth financial knowledge and abilities and, as a bonus, streamline their investment endeavors.

Self-Sufficient Investing

Many available investment options don’t require a specific degree in the field of finance. However, whatever college degree you may have already can be helpful — and even save you money. A college education often develops self-sufficiency, which is vital to your success with any goal. According to College Plan, “For many who attend and live at school, achieving a bachelor’s degree is a crash course in time management, self-control, basic life skills (like how to make delicious dinners from a microwave) and much more” (https://www.onlinecollegeplan.com/bachelors-degree-change-life/). With stock and bond investments, individual investors have the option to manage their stocks or pay for professional management of their finances. A willingness to learn and essential mathematical expertise can help you to gain confidence in managing your investments, cutting the need for an assistant and the associated charges.

Responsibility for Your Investments

Another investment option is real estate investing, which often require a significant amount of time and effort. However, a college degree can be useful here as well. Many real estate investors are landlords who make their money by purchasing a specific property and renting it out (https://www.investopedia.com/articles/pf/06/realestateinvest.asp), which requires a much higher level of responsibility than merely waiting around for your stock assets to grow. Responsibility is a necessary quality for the attainment of any college degree. You must learn how to manage your time to maintain your grades efficiently.

Conclusion

A college degree is useful in a variety of ways because it equips you to handle different life situations. Your investing ability is just one example of the impact your college education can have on your personal life.

Sources

Investopedia

WGU

Wall St. College

Marquette University




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Posted by Mark Pokorny November 30, 2017
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How Do I Bounce Back from a Foreclosure Threat?

How Do I Bounce Back from a Foreclosure Threat?

If you were recently on the brink of foreclosure or if you are facing this possibility today, you understandably want to take necessary steps to secure your personal financial health. Your goals may be to protect your assets and to hopefully stay in your home. In some cases, homeowners can accomplish all of these goals, but you should set realistic expectations about the possibilities. These are some of the important steps that you could take to get back on track.

Adjust Your Budget

There are many reasons why you may have fallen behind on your mortgage payments, such as the loss of a job or a serious illness. Regardless of the cause, you must actively take steps to improve your finances as soon as possible. If you do not already have a budget, now is the time to make one. After you have created your budget, take a good look at it. Are there areas you can cut back in? Are you saving enough money to avoid another disaster? Remember that shaving $20 here and $50 there may not sound like a lot. However, when you analyze each separate expense with the goal of reducing it in some way, you can potentially save hundreds of dollars or more each month.

Talk to Your Lender

If you have not already done so, you need to reach out to your lender. Renegotiating your mortgage is a possibility, but you need to discuss your situation with your lender to determine if a new structure for your loan can be established. If not, you may be able to qualify for one of the housing assistance or mortgage relief programs. According to Dickson Frolich, one of the best programs for restructuring your mortgage is the federal government’s Housing Affordability and Stability Program that aims to help people who owe more than their home is worth. Speak with a mortgage broker for information about these programs and to determine if you qualify.

Think About Moving

You may want to stay in the home that you know and love, but this is not always possible. If your house is foreclosed on, you could lose all of the equity that you have established in it. When you sell the home before the foreclosure occurs, you could retain your equity. In addition, you can avoid having a foreclosure reported on your credit report. This negative mark on your credit report could affect your ability to get financing for years to come.

A pending foreclosure is a serious matter that requires your prompt and devoted attention. When you take thoughtful and strategic steps quickly, you may be able to reposition the situation so that you can enjoy the best results possible.




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Posted by Martin November 25, 2017
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Why Bitcoin is a mania and fake currency, faker than the dollar


Bitcoin had a tremendous run in the last year or two. Unfortunately, it is creating a fake sense of mastering the world of investing and invincibility. Many people entering into Bitcoin think that they mastered investing and nothing can go wrong because they have a strong understanding how to invest, that bitcoin is a new future, amazing technology, and it cannot be controlled by any government.
 

They dismiss any warning or criticism by saying that we do not understand bitcoin and thus cannot see what they see.
 

I do not consider myself an investing or trading guru. I started investing and trading in 2006, so 11 years ago. It cost me a lot of money learning the hard way how the market works. But I know one thing for sure and to know it no one needs to be a guru: it doesn’t matter what you are involved in, the trading/investing principles will always be same.
 

It is shocking to see how many ignorant people are now involved in buying bitcoin with no understanding those same principles which cost me tons of money in the past learning them. And I can see them doing the exact same mistakes, same ignorance, same arrogance.
 

Many bitcoiners access purchasing BTC with no rules nor strategy because they think they do not need any. “Bitcoin is different, it is not a rigged stock” they say. Many invest with no slight clue of what they are doing. Many invested in about a year ago or less, now they are sitting on nice gains, and they think they are now gurus of trading. They advertise and try to sell you more bitcoins because they get referrals. And they deeply believe that this is exactly how investing or trading world works. It is that easy! You buy a bitcoin, sit a bit, and turn it into huge gains. Almost like when people were buying several houses to flip them in a month for huge profits…
 

When was it? Ah, about 10 years ago, in 2008. A sad thing is that many bitcoiners were born in or after 2008 or were too young (5 or 6 years old) to grasp what was going on around them with the housing market. They do not have the knowledge. So telling them that what they are doing resembles the housing bubble means nothing to them.
 

Bitcoiners confuse demand in BTC with value and consider BTC undervalued at any level. When I asked them where is the value of BTC and whether they consider it undervalued or overvalued all of them (ALL!!) said that “bitcoin is still undervalued because it is a new technology, new economy, new world, new currency which cannot be controlled by any government. And the value is in iut because people think so and they want BTC and because they want BTC it is the value of it”.
 

How naive!

This will not end well.

The more I listen to bitcoiners praising BTC the more I see another resemblance with dot com bubble. Back then, investors too believed in a new technology, internet companies changing the world, they too were considered not to be regulated by the evil government because they could operate via free internet. And once again, the bitcoiners dismiss this argument too. Bitcoin is different. Well, it is not. It is not. And this mania will end one day. And it will not end well.
 

Here is a simplified look at what bitcoiners have wrong:

 
USD

JNJ

dot com

btc
 

Bitcoiners have two choices, they would either listen to others and approach BTC with caution or keep fooling themselves.

 




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