Thursday, November 20, 2008
How Stock Market Works
Are you currently shaking your head wondering what isgoing on in the financial markets? Here is a small story(fromAfrica ) that illustrates it nicely.Once upon a time, in a village, a man appeared and announced to the villagers that he would buy monkeyseach. The villagers, seeing that there were many monkeys around, went out into the forest and started catching them.The man bought thousands of monkeys at $10 and, assupply started to diminish, the villagers stoppedtheireffort.The man then further announced that he wouldnow buyat $20 for a monkey.This renewed the efforts of thevillagers and they started catching monkeys again.Soonsupply diminished even further and people startedto their farms.The man increased the price to $25 permonkey, and the supply of monkeys became so small thatitwas an effort to even find a monkey, let alone catchit!Theman now announced that he would buy monkeys at$50!However,since he had to go back to the city on some business,hisassistant would now buy on behalf of him.In thethe man, the assistant told the villagers:"Lookat allthese monkeys in the big cage that the man hascollected.Iwill sell them to you at $35 and, when the man returnsfromthe city, you can then sell them to him for $50each."The villagers rounded up all theirdipped into their savings, paid the assistant, andall the monkeys at $35 each.They never saw the man,nor hisassistant, again … only monkeys everywhere! Now youhave abetter understanding of how the stock market work
Monday, September 29, 2008
Credit Card Traps putting in Finance debt
This is my first entry with my real live experience on credit cards and loan system where ever you are in world its same traps so before I start I would like to tell you
I m just an ornery guy like you middle class 9-5 work simple living and thinking to get rich every day
My English is not so good so because its not my native language
What is credit card?
Credit card suppose to be for our help not to put in finance debt it was created for our bad time and when you need money and you don't have choice the concept was great for credit cards you take loan for immediate and then pay installments remember it was for bad time
now what we are doing with credit cards we are buying UN necessary items which we don't need or we can stay without them we are spending more then our income
and there the problem start we started spending more then our income what will happen when you spend money which dont own ?
how will you pay it back when you dont have plans
you will fall back in trap
you will start paying them until god knows
credit card becomes burden peaple started taking 2 3 4 cards
and paying from one and another end of the day they dont have any cash
they started relying on credit just beacuse they spend money on some thing they dont want
its human nature he always jump for bigger and bigger things
I m just an ornery guy like you middle class 9-5 work simple living and thinking to get rich every day
My English is not so good so because its not my native language
What is credit card?
Credit card suppose to be for our help not to put in finance debt it was created for our bad time and when you need money and you don't have choice the concept was great for credit cards you take loan for immediate and then pay installments remember it was for bad time
now what we are doing with credit cards we are buying UN necessary items which we don't need or we can stay without them we are spending more then our income
and there the problem start we started spending more then our income what will happen when you spend money which dont own ?
how will you pay it back when you dont have plans
you will fall back in trap
you will start paying them until god knows
credit card becomes burden peaple started taking 2 3 4 cards
and paying from one and another end of the day they dont have any cash
they started relying on credit just beacuse they spend money on some thing they dont want
its human nature he always jump for bigger and bigger things
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