The Forgotten Investment, Silver

Most of the talk these days centers on gold and gold investing. Its brethren, silver, appears to take secondary role as an investment metal and is thought of more as in jewelry and flatware than as a money making investment.

However, history shows that silver has been a medium for storage of wealth for thousands of years and revered one civilization to the next. It has been widely used in mintage of coins from the Greeks to the Spanish. In fact, silver coins were in wide circulation until 1965 and silver certificates were also redeemable into the precious metal.

Silver has qualities which also make it a sought after industrial metal. It has the highest electrical conductivity of all metals and its ductile and malleable. It has been used in electronics, mirrors batteries, photography and numerous other ways. It has been this trade that has had the most influence on the price since the late 1960’s.

Silvers evolution has extended to the financial markets. As markets have grown futures and ETF’s have had a larger impact. This change in this markets have allowed speculators to participate in silvers price movements. Lately there have been widely circulated news stories concerning the price manipulation of the price of silver. This only goes to show the importance of the metal and that in a free market the price would be much higher than it actually is.

Silver has been on a bull run since 2003 due to the fact that there has been growing demand by both investor and manufacturing alike. At the same time supplies and new finds are declining and restricted. Demand SLV the ETF for Silver has been increasing thereby outpacing supplies of available shares, forcing the custodian to issue new shares and in turn buy more physical silver.

The current economic uncertainty has also played a role in the demand for silver as more investors have purchased it for wealth protection and capital appreciation. This has increased the demand and its price. This trend will most likely continue as the economy faces increasing and renewed challenges.

Scrap silver has become valuable again which speaks as to the current market situation. As silver regains acceptance as an investment vehicle for wealth protection, as it had previously. Demand will continue to grow and compete with industrial sector for the metal. The outcome seems fairly obvious since the metal supply is in limited supply.

It is obvious that silver along with gold should be a precious metal that is included in one’s portfolio that seeks wealth protection and capital appreciation. Both technical and fundamental factors indicate that it is and opportune time to invest in gold and silver.

Posted in General | Tagged , , , , , , , , , , | Comments Off on The Forgotten Investment, Silver

End Your Speech With a Punchline!

Have you ever been to a talk and were left feeling flat – like the speaker left you wanting more? On the other hand, have you been to a presentation where the speaker left you inspired, wanting more and excited to sign up for whatever they had to offer?

I’m willing to bet that the way the speaker ended their speech made a big difference.

Beginnings and endings are important! How often have you heard a speaker that has a great opening and by the time they get to the ending they fizzle out? Speakers sometimes get to the end of their time and have no idea how to end their speech so they ramble on or just thank their audience. To be remembered, I strongly encourage you to finish your speech with a joke, a pithy phrase, a quote that you want the audience to tuck away in their mind as something memorable. Always leave the audience on an upbeat note.

One of the mistakes often made is when speakers spend all their time on the beginning of their speech and give very little attention to their ending – reverse that and you will notice the difference. Spend at least 10% of your speech time on your conclusion and tying your earlier points together. For example: with a 30 minute speech use 5 min on the opening, 15 minutes on content and 10 minutes on the wrap up and ending.

Consider some of the speakers that you have listened to – which ones do you remember the most? Usually the ones with compelling endings to their speech. What did they use to end their speech? A joke? A funny story? A memorable quote?

Consider some of the speakers that you have listened to – which ones do you remember the most? Usually the ones with compelling endings to their speech. What did they use to end their speech? A joke? A funny story? A memorable quote?

5 Reasons to use a Powerful Speech Ending:

  • A powerful ending sends your audience off with excitement and purpose.
  • A powerful ending is a sign to the audience that they may now applaud.
  • A powerful ending gives your DJ a clear sign to start the exit music.
  • A powerful ending keeps you top-of-mind longer.
  • A powerful ending motivates your audience to take action.

If you include a powerful call to action in your powerful ending, the audience will be running to the back of the room with their wallets out to buy your product or sign up for your program.

If you have a powerful ending, the audience will keep that in mind as they leave. Use your final words to turn your audience to your point of view and tell them what action you’d like them to take next. End your speech by using motivational words that inspire your audience to stand and applaud.

As Mark Twain said: “The difference between a word and the RIGHT word is like the difference between the lightning bug and the lightning.”

Be the lightning!

Posted in General | Tagged , , , , , , , , , , | Comments Off on End Your Speech With a Punchline!

A Proper Family Budget Meets All Financial Needs

To say that every family should have a monthly budget is an understatement. The only way to control your family's finances is with a budget that keeps track of where the money comes from and where it is absolutely spent. A budget, or cash flow plan for those who do not like the B word, is a critical part of any family's secure financial future.

For most families a budget is far down the list of things that are important in the day to day happenings for most families. For most people doing a budget is another task for which they have little time to deal with. Unfortunately this is the reason so many families are having the financial problems that they are dealing with today. A budget can also be a divisive thing if it is used as a way to control the spending habits and place blamed for the financial failures being experienced. For a family budget to work properly it must be used as a tool by all family members that involves financial goals and compromise to reach them.

A budget is actually not that hard to create and keep simply because it is just a list of monthly income and expenses that is either either on a sheet of paper or on a computer equipped with budgeting software. The idea behind any budgeting process is to create a balance between income and expenses so that at the end of the month there is money left over to save, invest, and build wealth.

There is no concrete method for building a family budget because each family's financial needs are different. Some families may be saving for a new car or family vacation, while others are more intent on building savings and college funds. Most families start their budgeting process simply by writing everything down on a piece of paper but as their financial needs grow more complex they may find they need the services of a financial or investment planner.

Another thing to think about and discuss is what are your family's long term financial goals and how do these fit into and affect the monthly budget. It is important to consider not only the goals of individual family members but also the collective goals of the entire family as well. These can include such things as putting away money for a new home, saving for children's college fund, building that retirement nest egg, and probably the most important thing for any family building an emergency savings fund to protect against unforeseen financial emergencies.

The hardest part of finalizing the family budget is making sure you have all the monthly expenses written down. Missing even one or two can seriously affect your budget because at the end of the month you will have less money then originally budgeted for. Be sure to think of those surprise expenses which is particularly important if you have children. It always seems that some unforeseen expense pops up around one of the kid's school activities, or they need new glasses or braces, or something along those lines. Of course if you have an emergency fund in place you can use money from this for such things.

Setting up a proper family budget will not only help you meet your financial goals but will also save money over the long run. Not having money worries will make family life better for all concerned; it just takes a little time and patience.

Posted in General | Tagged , , , , , , , , , , | Comments Off on A Proper Family Budget Meets All Financial Needs

Investing Mining Stocks and Warrants

The Canadian Dollar is now one of the strongest currencies in the world and there have been many forecasts of parity with the U.S. Dollar and as of today, the Loonie is trading at 90.35 as we write this article.

The first and second charts below shows the strength of the Loonie over the last year and the third chart is of the XAU Gold Index. Observe the long term trends in all of the charts.

For investors around the world how can you best position yourselves to benefit from the rising value of the Canadian Dollar?

If you are like many of us, you are currently participating in the bull market in the commodities sector, specifically, in the precious metals, i.e., gold, silver, copper, zinc, etc. If you are not on board this rally perhaps we can enlighten you to some different ways to benefit not only from the Canadian Dollar but also from your investments.

When an investor purchases shares in the Canadian mining companies you are in essence invested in the Canadian Dollar. With the Canadian dollar increasing relative to your country’s currency, your investment is increasing. As the value of your Canadian investments increases, you win again. Thus, you gain from the increasing in the currency as well as the increase in your investments in the mining shares or perhaps, long-term warrants on the mining shares.

The point is, currently investors are experiencing the best of both worlds and we would expect this trend to continue with normal corrections along the way for at least several more years.

We, as investors ourselves, prefer to defer to the experts, Jim Dines, Doug Casey, Pam & Mary Ann Aden, James Turk and others as to the continued direction and strength of the current bull market.

Perhaps you are a conservative investor and neither you nor your investment advisor are currently aware of the bull market in the commodity sector. We believe that soon, within the next few months or within the year, you, yes, you will be investing in this sector, so the choice is yours, now or later.

Investors have many wonderful opportunities for investments from the gold and silver bullion, ETF’s of gold and silver, mutual funds, mining shares and for those investors looking for additional leverage, long-term warrants on mining shares, some of which do not expire until 2011.

As the experts mentioned above believe, this bull market has strong legs and many years to run, we accordingly suggest investors position themselves and not to worry about the day to day fluctuations of the market.

The important thing for all investors is to recognize the big picture, take a position and enjoy what may be the ride of our lifetime.

Posted in General | Tagged , , , , , , , , , , | Comments Off on Investing Mining Stocks and Warrants

Silver Investment Clubs

Why should you want to buy silver at $15 an ounce when you can wait for silver to go down to $12 an ounce. The simple and realistic answer is the supply of silver decreases with time. Trying to wait for low prices will negatively affect your ability to buy the quantities you want. Buying on a cost average method allows a consistent accumulation of silver.The short term price you pay today will be considered a bargain in the future.

If you could flash forward one year and look at the price you paid for silver today, you will realize that the price you paid last year was a bargain. Making small changes in your spending profile can benefit you greatly. Do you purchase cigarettes on a regular basis? Consider this, once purchased your cigarette purchase is destroyed upon use. You will get a one time value from each cigarette. But to repeat the experience you will have to give away more money. With the regular purchase of silver, whether weekly or monthly, you have a product that lasts year after year after year.

If you take the same amount of money that you spend on pampering yourself and buy silver you increase your real wealth. Forget about that daily cup of gourmet coffer and buy yourself an ounce or two of silver.

Become part of or start a silver investing club. Most silver brokers buy from wholesale sources. Leverage the power of group buying to negotiate purchase rates that are fair and favorable to your silver investment club. Silver brokers work on commission. Do not overlook the power of negotiating. Make sure you have a plan a and an plan b. If your club plans to purchase more than $1000 in a single transaction ask for a discount. If your club purchases $2500 or more in a single transaction ask for a larger discount. Another advantage of a group membership is that you can be more productive with 100 people giving one percent of effort than 1 person giving 100 percent of their effort. Their is strength in numbers.

If there are no clubs in your immediate area then look at the penny saver magazines of surrounding communities. If you have to start your own club run an ad in the local newspaper or penny saver magazine. An example ad would be: Investment club forming. initial investment under $50. Automatic monthly purchases to acquire precious metals. Call telephone xxx-xxxx. Place your ads under the business, financial, and personals section of the penny saver publication. Of course, this technique will work just as well with the local newspaper.

You can also post advertisements in the form of flyers. These flyers can be put on public bulletin boards. Convenience stores, food stores and churches are excellent places to advertise. Just make sure you get permission first. And sometimes you do not need permission.

Look at your bank account and tell me if you are getting a fair return on the money you loan to the bank. If not you need an equalizer to develop you wealth. Using your paper money to acquire real money protects your economic standing. Your best friend when it comes to your finances is you. Be proactive in managing your assets.The systematic acquisition of silver coins can be painless. You have alternatives to starting a silver club. For a more direct and systematic way to own silver consider joining already established silver clubs.

Watch the current trend in owning precious metals. Do what the smart money movers are doing.The possibility of silver prices skyrocketing to three digits may not be far away. Consider this, the fiat currency you have in your savings account is being inflated away on a continuous basis. Acquire real wealth now. Buy silver because the price will surely increase.

Posted in General | Tagged , , , , , , , , , , | Comments Off on Silver Investment Clubs

Bank Business Loan – Is A Bank Business Loan the Answer?

It is a fact that at one point in time or another nearly all entrepreneurs need a bank business loan, either to start up the enterprise, expend it, or to bridge difficult times when the consumer turns fickle. Of the many lenders and types of loans available, a bank business loan will probably be the best bet for starting the venture. A bank business loan is often the best way to establish and maintain your venture's credit rating, if it is fastidiously repaid.

But, if you are experiencing financial problems, is a bank business loan a good idea to use to get current on the debts? Just what is a bank business loan and what is the application procedure? A bank business loan is an unsecured loan that does not require collateral of any kind. It is based entirely upon the credit rating of all of the involved partners; the prospectus or the plan that was developed that outlines the venture, including both the financial liabilities and the anticipated income. You will have to provide well-organized and scrupulous detail, together with a good credit rating for this type of loan. A bank business loan is the primary vehicle for starting up an enterprise and gets a venture off to a good start, however it is a poor remedy for existing financial problems.

It is far better to obtain professional advice on how to deal with your financial problems. The first thing that a qualified business debt consultant will want to know is the type of loans and financial obligations make up the entire situation. If you have unsecured debts, especially a bank business loan, there is quite a bit the consultant can do to make things easier for you to repay your business debt, continue running your venture and even improve your credit rating. One solution that may be proposed is business debt consolidation, which consolidates all of the financial obligations into one account that requires just one affordable payment per month. This has been worked out by the consultant together with all of the creditors who have agreed to accept a reduced payment that is based upon a lowered interest rate.

If the financial obligation is more problematic and either represents a large amount, or has become delinquent, the consultant may recommend business debt settlement. This form of financial relief is aimed only at unsecured loans such as a bank business loan and business debt settlement can be effected in a couple of days.

With either remedy the credit rating will begin to improve almost immediately. When creditors see that a professional business debt reorganization program is being worked out, the business credit rating reflects their approval. However, it is always best to seek help before any real damage is done and to anticipate a remedy before it is actually required. With the advice of a good business debt consultant, any venture can stay on track without taking out additional bank business loans.

Posted in General | Tagged , , , , , , , , , , | Comments Off on Bank Business Loan – Is A Bank Business Loan the Answer?

Obtaining A First Mortgage For Investment Property

As the name implies, a first mortgage for investment property is simply the first loan that is issued for the property. When you purchase a piece of real estate, the loan that you receive as financing is also known as a first mortgage.

Before you apply for a first mortgage for investment property, it’s a good idea to obtain a copy of your credit report and confirm the accuracy of the information listed therein. Every 12 months, you are entitled to receive a free copy of your credit file from each of the three credit reporting agencies, including Equifax, Experian and TransUnion. The best way to choose a lender for your first mortgage for investment property is to shop around. Compare interest rates, required down payments and other loan terms in order to find the best fit.

When you speak to a lender regarding a first mortgage, they will explain the required down payment, invite you to fill out a loan application, access your credit file and possibly even provide you with a loan decision within hours. In most cases, a lender will require a down payment ranging from 20-35% for investment properties. Depending on your credit history, you may be asked to pay a slightly higher down payment than average. Because the purchase will not be used as a primary residence, the loan term will likely be shorter than a traditional mortgage.

When it comes to a first mortgage, every lender will require that a title search be performed on the property prior to approving a loan. A title search can be performed by a licensed attorney specializing in real estate and is beneficial for making sure that there are no judgments, liens or back taxes on the property. In addition, a title search will confirm the identity of the property owner and will ensure that the seller has the full right to deed the property to a new owner.

While shopping for a lender, most investment property buyers will apply with more than one lending institution. Although it is widely known that multiple credit inquiries in a short period of time may lower your credit score, applying for a mortgage is slightly different if the inquiries are made close together. The reason is because lenders expect that you will apply at multiple locations and may, therefore, not let recent inquiries for a mortgage loan deter them from approving your application for a first mortgage for investment property.

A first mortgage for investment property will be more likely to be approved if the hopeful buyer can provide an appraisal confirming the market value of the property. A loan is even likelier to be approved if the property is being sold for below market value, which will result in instant equity. These factors, combined with an appreciating market and a large down payment will increase your chances of being granted a first mortgage for investment property.

Posted in General | Tagged , , , , , , , , , , | Comments Off on Obtaining A First Mortgage For Investment Property

24 Hours in Your Wallet

Every writer faces time restrictions. The trick is to find enough time in the day to spend writing. There are several things I do to find more time to write. Negotiate every one of these ideas to maximize your time of opportunity.

Review your ideas that are laid out in front of you. I use note cards and stick notes on my desk to keep ideas around me. This kick starts the thinking process. I also put a current project I’m working on as a desktop background on my computer as a constant reminder to work on that particular task. Every time I am on the computer, there’s a picture of a document that needs worked on starring me in the face.

Push through the fog even if you have a headache or are feeling bad. Be your own nagging boss that says, “Get to work.” Think of a reward that you’ll give yourself when the work is done and put a picture of it where you see it every day. The reward has to be worth it, not just go out to dinner or something lame like that. I enjoy playing pool and set a goal to not play until I finished a project. Stick to it. That pushes me to finish what I started faster. Delayed gratification is a great tool to use. Use every great tool available.

Be as organized as possible. I know folks that can play office all day and not accomplish anything of real value. Focus on the work as a writer, but keep a clean environment.

Use the best software for the project your working on. I use New Novelist software for book type writing and Movie Magic for screenwriting. Download a free trial of Movie Magic and see if it’s right for you. Use the best software you can to maximize your effectiveness of time management and organization.

Eliminate the unnecessary clutter. Work is work, it doesn’t matter what kind it is, whether it’s dishes, digging a hole, or writing. A proper mindset on the value of work is vital. Sweat Equity is the best tool in the world.

Set goals that are difficult but possible. Write three articles a day, three chapters a day, or three scenes a day. Make time your friend and not a thief.

Role-playing allows me to step into someone else’s shoes and get work done that I might not of accomplished otherwise. Think stat, like you hear a doctor say. I’ve got to operate on this chapter, stat or I’ve got to dig up the research and uncover the true like a good detective. This exercise helps me more than you could possibly understand. An exercise like this can make an ordinary writing assignment seem extraordinary, removing the boring out of work. If you’re having fun, then you’ll get more done.

Steal every minute you can from the day. Take your laptop with you to work and pull it out on lunch break if you work a regular job too. I take my laptop fishing with me. When it’s slow and the fish are not biting, I can kick back and type away, glancing at the pole once in a while. The thrill of fishing is the catch, not the wait. Work while you wait. That may sound extreme, but don’t knock it until you try it.

Gather all the best tools and use those to fight against the time steelers.

Copyright© 2007 – AJ Dowell

Posted in General | Tagged , , , , , , , , , , | Comments Off on 24 Hours in Your Wallet

VT Nonprofit Lender Mulls Life After End of Student Loan Program

The Vermont Student Assistance Corporation (VSAC) was established in 1965 as a public nonprofit agency designed to oversee the issuing of federal education loans to Vermont students. But with the sweeping reforms to the federal student loan program that were passed in 2009, bundled in with the national health care reform bill, VSAC and agencies like it were stripped of their ability to originate new federal education loans.

As of July 1, 2010, all federal parent and college loans are now provided to borrowers directly by the U.S. Department of Education, and VSAC is now facing a staff reduction of nearly two-thirds as it tries to find ways to survive in the age of the Federal Direct Student Loan Program.

The agency had been a lender in the Federal Family Education Loan Program (FFELP), which was discontinued as part of the federal college loan reforms. As part of its lending functions under the FFEL program, VSAC acted as both a lender and servicer of federal college loans.

Under the new world order, with FFELP disbanded, VSAC can still manage (i.e., “service”) all the college loans it had issued in the past, but the agency is no longer able to issue new loans.

Revenues from the repayment of issued loans were used to fund new student loans as well as ongoing financial aid and student loan education programs, so the agency faces a revenue reduction of about 90 percent as its existing loans are repaid.

VSAC still issues a small number of private student loans, non-federal loans funded by VSAC rather than by the Department of Education, but the agency is looking for a new role with the Direct Loan program.

VSAC recently submitted a proposal to the Education Department to service more than the current statutory maximum of 100,000 federal education loans. Under the proposal, the agency is seeking permission to service the student loans of all Vermont students and all non-resident students enrolled at Vermont colleges and universities. Under the new Direct Loan program rules, only four organizations have been authorized so far by the Education Department to service more than the allotted 100,000 federal student loans.

Even if VSAC’s proposal is approved, however, the revenue from servicing the federal direct loans would bring in only a fraction of the revenue the agency once earned as a lender in the FFEL program.

VSAC is also asking the Vermont state legislature to help underwrite its administrative costs by allowing the agency to divert about 7 percent of its $21 million state appropriation from need-based grants and scholarships for students to the agency itself. VSAC is also asking legislators to allow its private student loan borrowers to deduct up to $500 of the interest on its private student loans from their state taxes.

The agency’s future role is unclear and is likely to remain that way until at least April, while it waits for a determination on the expanded servicing of federal college loans made through the Direct Loan program. The state legislature is likely to render a decision more quickly.

But even with its private student loan portfolio, a favorable decision on student loan servicing from Washington, and additional support from the Vermont legislature, VSAC will still need to reduce its budget by about 10 percent a year for the next three years in order to remain solvent.

The agency, which currently employs about 300 people, has already cut about 60 positions through attrition. If the added student loan servicing work doesn’t materialize and legislators don’t agree to support the agency’s administrative costs and financial aid counseling and outreach work, the agency will likely reduce its staff by an additional 200 positions before the start of the next fiscal year.

college loans

Posted in General | Tagged , , , , , , , , , , | Comments Off on VT Nonprofit Lender Mulls Life After End of Student Loan Program

Importance Of Data Mining In Today’s Business World

What is Data Mining? Well, it can be defined as the process of getting hidden information from the piles of databases for analysis purposes. Data Mining is also known as Knowledge Discovery in Databases (KDD). It is nothing but extraction of data from large databases for some specialized work.

Data Mining is largely used in several applications such as understanding consumer research marketing, product analysis, demand and supply analysis, e-commerce, investment trend in stocks & real estates, telecommunications and so on. Data Mining is based on mathematical algorithm and analytical skills to drive the desired results from the huge database collection.

Data Mining has great importance in today’s highly competitive business environment. A new concept of Business Intelligence data mining has evolved now, which is widely used by leading corporate houses to stay ahead of their competitors. Business Intelligence (BI) can help in providing latest information and used for competition analysis, market research, economical trends, consume behavior, industry research, geographical information analysis and so on. Business Intelligence Data Mining helps in decision-making.

Data Mining applications are widely used in direct marketing, health industry, e-commerce, customer relationship management (CRM), FMCG industry, telecommunication industry and financial sector. Data mining is available in various forms like text mining, web mining, audio & video data mining, pictorial data mining, relational databases, and social networks data mining.

Data mining, however, is a crucial process and requires lots of time and patience in collecting desired data due to complexity and of the databases. This could also be possible that you need to look for help from outsourcing companies. These outsourcing companies are specialized in extracting or mining the data, filtering it and then keeping them in order for analysis. Data Mining has been used in different context but is being commonly used for business and organizational needs for analytical purposes

Usually data mining requires lots of manual job such as collecting information, assessing data, using internet to look for more details etc. The second option is to make software that will scan the internet to find relevant details and information. Software option could be the best for data mining as this will save tremendous amount of time and labor. Some of the popular data mining software programs available are Connexor Machines, Free Text Software Technologies, Megaputer Text Analyst, SAS Text Miner, LexiQuest, WordStat, Lextek Profiling Engine.

However, this could be possible that you won’t get appropriate software which will be suitable for your work or finding the suitable programmer would also be difficult or they may charge hefty amount for their services. Even if you are using the best software, you will still need human help in completion of projects. In that case, outsourcing data mining job will be advisable.

Posted in General | Tagged , , , , , , , , , , | Comments Off on Importance Of Data Mining In Today’s Business World