If we told you that there are only four ways to make money, would that feel less overwhelming? At The Money Gym we subscribe to Malcolm Gladwell's theory as laid out in The Tipping Point - anything between 3 and 7 is a good number.By breaking it down into the "Four Lanes" we can break down the question of how to become a millionaire within five years and examine each lane to see how suitable it is, as a vehicle to reach this goal.We can then...more
Sales begin from the bottom-up or the top-down. They can begin internally from a perceived need, or they can begin externally from a marketing presentation. No matter how the sale initiates it ends with the executive in charge of the decision saying yes or no. Sales can turn into large accounts if the executives impacted associate you and your company with solutions that benefit each of them. If so, you will be able to use this credibility...more
When considering whether or not to buy a property in Polandas an investment it seems prudent to look for expert advice.Is now a good time to buy? Which area is the best to choose?Will the real estate rise in value? But by looking at thehistorical track record of experts in the UK perhaps seekingguidance from those who should know is not such a good idea.PriceWaterhouse Coopers are one of the world's mostrespected consultants and accountants. They employ thousandsof analysts to support their customer fronting staff indecision making roles and many of these work in the area ofproperty. In 2004 they claimed UK house prices were "20-40%above their long run averages" and predicted values wouldfall by 10-15%. In reality they rose 3% in 2005, 9% in 2006and they are still rising now.Ernst&Young faired no better. They thought house priceswould rise 7% in 2004 before slowing to zero or evendeclining in the following years.The Centre of Economics and Business Research is anindependent business that, according to their websitecarries out "thorough and insightful research". In 2003 theyclaimed UK house prices would rise 15% in 2004 and 3.4% in2005 before falling 1.5% in 2006 and 2.3% in 2007....more
This way of analysing the property market is not unique toPoland. Those involved in Western European property havebeen using the same foundations for their calculations andgetting it wrong for decades. The truth is the link betweenaverage salaries, the supply of new homes andprices themselves is weak. Very weak.ARE THERE ENOUGH HOMES NOW?Lets turn...more
The subheading to this article could read:"How the little guy gets squashed by the establishment"You might say: "So what's new. We know that that happens all the time." - And you are probably right.Let's start at the beginning: This morning I was sitting at the breakfast table reading the newspaper when I ran across an AP-article about an...more
To be a successful investor or trader, a written investment plan is a must! In fact, most broking firms will not allow its professional traders to trade money without a trading plan!Each and every trader must submit their plan and have it approved to be able to start trading money on behalf of clients. The trader is then judged and compensated for how well he follows his own plan and how well he does financially. If he violates his own plan, he may be subject to immediate dismisssal!So it's crazy for us non-professionals traders to start trading without a plan, especially when things don't go our way, and they won't always go our way, you can be assured of it!Now, before we begin to write our plan, take just a moment to think about your true investment objective. What do you want to accomplish with this trading account? Simply saying " I want to make money" is not an investment objective. You have to have a specific objective, like, "To outperform the All Ords by at least 10% annually". That's an objective.Then you must decide what type of industry and sector of shares you are going to invest in. The energy sector, the housing sector or the retail sector are unlikely to outperform...more
As you read this stock market article, you have a few choices. You could choose to continue reading, or you could choose to stop reading it and watch t.v. It's your option. You don't have the obligation to go and watch t.v, just the option.For the...more
When a private company reaches a point in it's development that it requires an injection of capital to expand the business, then the directors have a couple of choices. One of the most popular methods is to FLOAT the company.Floating, also known as...more
The stock market is made up solely of buyers and sellers. These buyers and sellers may be super-huge, billion dollar institutions trading enormous amounts of money everyday or private individuals trading just one or two parcels of shares each year....more
Australians own more shares per capita then any other nation on the planet, with more than 54% of our population owning shares.Until recently, most share investors bought shares and let them sit in the bottom drawer. With improvements in technology...more
Over the past few weeks, we've discussed Covered Calls, which are regarded by many professional investors as one of the most powerful investment strategies available. But what if you don't want to or can't write calls against the shares you own, or...more
Technical Analysis has become extremely popular over the past decade. Modern day computers and the Internet have allowed everyone from professional traders to arm-chair investors study the markets live and make their trading decisions...more