Chicago Luxury Home Listings

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How to Make Money in the Sharemarket
====================================

Isn’t earning a good return on our money a very essential
consideration? Yes I think most would agree. We want to
build our retirement money-machine because we all know
you need piles of the stuff and if we are going to enjoy
retirement then we better have a GOOD PLAN!

CONSIDERATIONS
——————————————————–
Real Estate: You make your money when you buy!

Small Business: You make your money
when you sell your money-making system.

Shares: You make your money when you can!
——————————————————–

My favourite game is playing the sharemarket and I will
admit to you from the start it’s not always money in your
bank account - why? Simply because it’s a game where the
one who who knows the most makes the money.

If you want to join me then start your education now! Learn
how, do the training and master your emotions you you will
do well.

LOOKING BACK

It wasn’t till I lost my advisor that I really learned about
making money. Now I’m not saying sack your advisor - I would
never say that! You have to make your own decisions.

An advisor can tap into situations that you would not be aware
existed. You can also learn from them. Just be careful as to
who gives you advice and make your own decisions.

Don’t trust anyone to make money for you. No one cares about
your money the way you do. Advisors in most cases are just
sales people who need to get clients so that they can pay their
bills. At the best of times you do not rate that highly in
their priorities.

If you lose or win, it’s nothing to them - they hope they will
still get to keep their jobs. It is easy to understand - make
them a lot of money and they might let you know what is
happening to your account, but this depends on who is more
important than you today. We all want advice and we all ask the
opinions of others, but don’t become dependent on someone
solving your problems - you are alone! Now live with it! The
sooner you take full responsibility the better.

The people who make excellent returns are those that see
trading as a business and realize that they will always be a
pupil who needs to keep learning, be self-motivated and
resilient, because losing at some stage is inevitable.

There are going to be more people that lose money than make
money. I have had strings of losses, where position after
position has had to be closed. Now you don’t need that to
happen too many times to wipe out your capital. This is the
reason for keeping your positions small. You must decide how
much time you will be willing to invest to learn how to make
your fortune and keep it. The less time you’re willing to
devote to learning, the less money you should put into the
sharemarket.

The gambler will eventually give his winnings back to the
house because they do not have a plan and trading rules which
help them develop self-discipline. The most important quality
to develop if you seriously wish to be successful in the
sharemarket is self-discipline. Although this is easy to write
in words I assure you that developing personal discipline is
very hard and to carry out actions without involving emotion
can be next to impossible. We are often ruled by emotion and
we hate to admit we have made a loss - thus, often we won’t
do what we should to rescue our remaining capital. This is
how a little loss becomes a big loss over time.

Master yourself - your emotions will help you lose money.
The more you think with your emotions and the more you make
decisions with your emotions, the more you will lose.

NO ONE CAN PREDICT WHAT WILL HAPPEN IN THE MARKET!

If anyone can predict with any accuracy it won’t be you and
if you must predict what is going to happen, don’t put any
money on your bet. Next, if your broker could predict what
was going to happen he/she would not be a broker - they would
be living the life of Riley. If the money is coming out of
the market then for god’s sake take notice. This may be as
close as you get to insider trading.

The stockmarket is like a sport. Everyone wants to see the
great players and witness all the action, but not everyone
is going to win the game. It is up to you to learn how to
play the game. You need to learn the rules and learn the
tactics and strategies to help you score more goals.

There are many different plays you can make in the market,
but learning the less risky plays and those that reduce risk
will make you more money.

Less risky to some……using options to make money

Examples might include:

1. Writing puts when the market is going up instead of
buying the stock. If you’re exercised then you can decide
whether to buy the stock or act earlier to prevent the
exercise by closing out your put position when the put price
drops(buy the same put series and close it out).

2. Writing calls over your shares when it looks like the
stock price is ready to fall.

3. Buy calls or puts depending on which way the market is
going. Up market might indicate buying a call to cature the
upside. A falling market may indicate buying a put to capture
the rising value created by people buying protection.

The first strategy many people will see as too risky, but it
really depends on your level of education in options, whether
you can handle the risk and how much spare cash you have to
meet your obligation if your puts are exercised. If the total
cost of exercise is $50 000 and you have the money then in the
case you do get exercised you will be able to buy the shares.

All right. Just keep away yourself from the other colloquial methods of know-how as this article is among the best of the bests. You have to be consistent with this piece of article to have more.

Get protection for your shares

Buy Puts
Let’s say you protect your position by buying a put, then if
the price drops you will cap your loss, or alternatively, you
could sell the put/s, which may result in a profit and thus
make up for any lost value in the share. Covering your position
may be an on-going requirement. There will always be a price to
pay - that’s life!

Making money buying puts

Write Puts
If you write puts then you’ll be obliged to buy the stock in
the event you are exercised and so having sufficient cash is
essential. You can also buy another series to cap your
potential loss to the spread between the two series.

If you wrote $10.00 puts and bought $9.50 puts your loss would
be partly covered by having that cover if the price drifted
lower.

So we can make what looks risky, less risky, by knowing more
about what is possible and then choosing our exit strategy. If
I am exercised my contingency plan might be to write calls over
my new shares and if I preferred, I could go back to put
writing, by letting myself be exercised.

If I wanted to keep the shares then I would write calls that
are further out of the money. I can even buy calls in a
different series so that in the case the share price goes up I
capture some of the increase, or I can cancel the contract by
buying calls in the same series.

During May 2002 I used this same strategy with NCP. I wrote
puts at $12.50. I watched the share go down to $9.68. I let
myself be exercised and met my obligation by paying
$12.50/share - risky? You bet, because all the worst conditions
for put writing came together in June 2002, the month I wrote
puts.

It fell to $8.44. NCP used to make up 10% of the Australian
All Ordinary Index, now it is an American stock(NWS),
so you could expect such an important stock will get serious
attention. However at the time big media companies were not
the flavour of the month - all the flavours had turned sour!

Following the purchase of the stock I wrote covered calls.
There is nothing wrong with the strategy, but timing is your
most important variable - thus a contigency plan is required.
Keep in mind that 1 month in the market is a long time and 3
months is an eternity. Things can change very quickly from
panic to ecstacy for no apparent reason. Someone always raises
their hand with an explanation to satisfy the crowd - wouldn’t
we be disappointed if someone couldn’t tell us. I think
we’d probably get very worried!

Writing calls is a good idea when you think the stock price
will fall. My contingency in the event I was exercised was to
write calls and make up the difference I had lost - I didn’t
intend buying back the calls, as I felt there was little risk
of losing the stock because the $10.50 level would remain out
of the money.

At this point of time, I’m like a doubting Thomas about the efficacy of this article.

As a connoisseur who is all hot for Chicago luxury property, only you can rather decide if this assists. Just comprehend till the hindmost word and get the worth of the piece of information.

The resulting action suggested that a better plan would have
been to buy/write regularly - buy the calls back sheep(cheap)
and write deer(expensive). Waiting first for the stock to peak
then writing the call.

I could have closed out my contract by purchasing puts in the
same series. I could have bought puts in another exercise price
series to cap my loss. I chose a different way and regretted my
choice. Holding the stock was not the easiest choice I could
have made and in fact it held me back from making a lot more money.

Once I had the stock I had to protect it. If I then sold the
protection I could have found the stock slipping further in
value, so I kept the protection in place and missed the profit
as the stock moved back up. So even though I inially lost by
having been exercised I lost more by not being in a position
to be more flexible. A further complication was my stock was
purchased with a margin loan.

What should I have done?

Ah. So, how was your experience of looking at till here? I believe it improved your learning curve.

There is no limit for us. You would read additional real estate articles. We shall provide you with resources at the finish of this stuff.

I could have sold the protection , made a profit and then
looked at buying the same protection cheaper. I could have
done this at least 4 times in 4 months.

This brings us to the topic of increasing the flexibility of
our thinking.

If you make money only in one direction you will reduce your
trading results drastically. The market does not always go up!
Sometimes it goes down or moves sideways.

We all need to be on the right side of the market. Believe me
the alternative is no fun!

Happy Trading,
Joseph Sgro

_______________________________________________________________
Copyright(C)2003 Joseph Sgro
Further this discussion by reading:
“10 Simple Rules to Make Serious Money in
the Sharemarket and Keep it!”
http://www.tutorhelp.com.au/sharemarket.html

For more articles:
http://www.tutorhelp.com.au/articles.html
===============================================================

About the Author

Joseph Sgro has spent a good slice of
the last 20 years as an educator and
16 years as a trader.

He writes of his experiences trading
the stockmarket and shares with others
“HOW TO TRADE” and How to join the top 5% via THE 10 Simple Rules Ezine.

This piece of information had the best combination of the information and the style. I’m definite you admired it! We repeatedly make an effort to give you the best on real estate.

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Choosing The Right Home Business For You

2002 Elena Fawkner

All right! Was the update till now according to your demands? I have full confidence that it was.

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Pay any attention at all to your email inbox and you’d be
forgiven for thinking that the only way to run a business
from home is on the Internet. Sure, many people are
running spectacularly successful Internet-based home
businesses. Many, many more are doing so even more
spectacularly unsuccessfully.

But what if you’re not interested in running an Internet
business? What if you want to start and run a home
business the old-fashioned way? Where do you start?

Actually starting any home business is the easy part.
The hard part’s deciding what that business should be.

So how do you even start the process of deciding on the
right home business for you? The key is to be methodical,
realistic, objective and patient.

Step 1 : Personal Inventory

The first place to start is to inventory your skills,
experience, interests, and personality characteristics.
These are what you have to work with - your raw
ingredients, so to speak.

Make a list of personal qualities and factors that you can
throw into the mix. Include things like:

=> your personal background;
=> training and education;
=> work and volunteer experience;
=> special interests and hobbies;
=> leisure activities;
=> your personality and temperament.

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All of these qualities and factors make up what you know
and what you’re good at.

Step 2 : Identify What You Like

It’s one thing to know a lot about something or be good at
it. It’s quite another to enjoy it enough to want to make it
your life’s work. So, remove from the list you created in
Step 1 anything that you don’t really, really like doing or
which plain doesn’t interest you. No matter how good you
are at it. If you’re lucky enough to like what you’re good at,
as a general rule, stick with what you know.

Step 3 : Match Your Likes With Marketable Activities

If Steps 1 and 2 still haven’t suggested feasible home
business ideas, review the following activities that have
proven marketable for others and weigh them against
your “likes” from Step 2:

Crafts - pottery, ceramics, leadlighting
Health and Fitness - aerobics instructor, network marketing
for a health products company, home health care
Household Services - cleaning, gardening, shopping
Professional Services - attorney, architect, interior
designer
Personal Services - make-up artist, hairdresser
Business Services - business plan writer, meeting planner
Wholesale Sales - antique dealer, dropshipper
Retail Sales - children’s clothing, widgets
Computers - web design, internet training.

You get the idea. This is not an exhaustive list, obviously.
You can visit the AHBBO Ideas Page for a list of over 500
home business ideas at http://www.ahbbo.com/ideas.html .

Step 4 : Make a List of Business Ideas That Fit With Your
Likes From Step 2

By the time you’re done, you’ll have a hitlist of possible
matches between your skills and interests on the one
hand and home business ideas utilizing those skills and
interests on the other.

Step 5 : Research

Armed with your list from Step 4, identify those ideas that
you think have marketable potential and then research
whether that belief is accurate. In order to have
marketable potential, the idea must satisfy the following
criteria:

=> It must satisfy or create a need in the market. The
golden rule for any business is to either find or create a
need and then fill it.

=> It must have longevity. If your idea is trendy or faddish,
it doesn’t have longevity. Go for substance over form in
all things.

=> It must be unique. This doesn’t mean you have to invent
something completely new but it does mean that there has
to be some *aspect* of your product or service that sets it
apart from the competition. This is easy if you go for the
niche, rather than mass, market. Don’t try to be all things
to all people. You’ll only end up being too little to too many.

=> It must not be an oversaturated market. The more
competition you have, the harder it will be to make your mark.
It’s unrealistic to expect no competition, of course. In fact,
too little competition is a warning sign either that your business
idea has no market or that the market is controlled by a few
big players. What you want is healthy competition where
it’s possible to differentiate yourself from competing
businesses.

This all gets back to uniqueness. If you can’t compete on
uniqueness, you must compete on price (or convenience).
If you’re forced to compete on price alone, that just drives
down your profit margin. Not smart business.

=> You must be able to price competitively yet profitably.
The price you set for your product or service must allow
you to compete effectively with other businesses in your
market, it must be acceptable to consumers and it must
return you a fair profit. If any one of these three is off,
move on.

=> Your business must fit with your lifestyle. If you’re
a parent of young children and you primarily want to start
a business from home so you can stay home with them,
a real estate brokerage business that requires you to be
out and about meeting with prospective clients is obviously
not going to work.

You’ll instead need to choose a business that can be
conducted entirely (or near enough entirely) from within the
four walls of your home office. Similarly, if your business idea
would involve having clients come to your home, you’re not
going to want an unruly 3 year old underfoot as you’re trying
to conduct business.

=> Your financial resources must be sufficient to launch and
carry the business until it becomes profitable. No business is
profitable from day one, of course. But some are quicker to
break even than others. If your business requires a
considerable initial capital outlay to start - computer, printer
and software for a web design business, for example - it will
take you longer to break even than if the only prerequisite
was the knowledge inside your own head, such as working
from home as an attorney.

If your financial situation is such that you can’t afford to quit
your day job until your business is paying its way, this, too,
will mean it will take longer to break even than if you’re able
to devote every waking hour to your business. Just do what
you have to do. That’s all any of us can do.

Step 6 : Business Plan

Once you’ve gone through the above process and identified
what appears to be the right business for you, the final “gut
check” is to write a business plan for your business, much as
you would for a presentation to a bank for financing. Include
sections for strengths, weaknesses, opportunities and threats,
and set goals for what your business needs to achieve for
you, by when, and how you are going to get there.

There are plenty of good resources online about how to
prepare a thorough business plan. A great place to start is
at About.com (http://www.about.com). Just type “business
plans” into the search box.

Very well. Do you agree this write-up aided you in developing your comprehension of Chicago homes for sale? I believe it did.

The complete galore of awareness on real estate is with us. We will forward you with resources at the close of this article.

Although it may seem like a waste of time and effort to
complete a business plan if you don’t intend to seek outside
financing, taking the time and exercising the discipline needed
to really focus your mind on the important issues facing your
business, you will be forced to take a long hard look at your
idea through very objective and realistic eyes.

If your idea passes the business plan test, then you can be
reasonably confident that this is the right business for you.
If you come away from this exercise feeling hesitant,
uncertain and unsure, either do more research (if the reason
for your hesitancy and uncertainty is lack of information) or
discard the idea (if it’s because you don’t think your idea is
going to fly). If this happens, just keep repeating Steps 5
and 6 until you end up with an idea and a business plan that
you’re confident is going to work!

Although it’s frustrating to wait once you’ve made up your
mind to start a business from home, this really is one situation
where the tortoise wins the race. By taking a methodical,
systematic and disciplined approach to identifying the right
home business for you, you give your business the best
possible chance for long-term survival, hopefully avoiding
some very expensive mistakes along the way.

——

** Reprinting of this article is welcome! **
This article may be freely reproduced provided that: (1) you
include the following resource box; and (2) you only mail to
a 100% opt-in list.

Here’s the resource box to use if reprinting this article:

——

Elena Fawkner is editor of A Home-Based Business Online …
practical business ideas, opportunities and solutions for the
work-from-home entrepreneur.
http://www.ahbbo.com

About the Author

Elena Fawkner is editor of A Home-Based Business Online …
practical business ideas, opportunities and solutions for the
work-from-home entrepreneur.
http://www.ahbbo.com

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