If You are a Real Estate Investor You Must Continue Your Real Estate Education

November 10th, 2008
investment education
Vinood Kumarr asked:


With all things that are done intentionally as a real estate investor your education comes first. A real estate investing education is primary to your success in business, and in all circumstances there is an identifiable pattern of learning that leads from thought to action. When experiencing something new, first you hear about it or learn of its existence. Next you learn what it is. Then you learn how it works. And finally, you practice it, which is where experiential learning begins.

This article is intended to discuss education, separate from experiential learning (but a little more on that below). Your real estate education should not be looked at as a phase you go through, but rather as an ongoing process. This is a requirement to stay in the real estate business and to excel. There are at least three very good reasons why your real estate investing education should be continuous and ongoing. One is that having new information can allow you to improve the process of what you’re already doing, so that you can do it better. Another is that having new information can allow you to do new things that you’re not already doing, such as implementing new profit centers in your real estate business. A third is that the world is always changing so that knowledge needs to be continually updated to be useful.

The fastest way to develop yourself educationally is to actively seek out as many sources of education as possible on a continuing basis. There are three common modes of education to be aware of that can help inform your search. One is private education that you digest on your own, which can include books, audio recordings, video recordings, websites, and online and offline real estate investing newsletters. Another is participatory education, which involves some sort of interaction with an educator, and can include seminars or boot camps, conference calls, and webcasts.

Yet one more is hands on education, which can be gotten by working with others already in the business. This could take the form of a mentorship or an apprenticeship with another investor. You could also take advantages of all the resources of a local real estate club, either online or offline, which is dedicated to helping investors further their education in all sorts of ways. As an ongoing business activity, your real estate education deserves management and balancing against the other ongoing activities of your business as well as all of the other demands on your time.

You should work it out however is best so as to ensure that a dedicated portion of your time and resources on a regular basis go to furthering your real estate and business education. A final word on education from experience, or experiential learning, comes last. Education can be overrated by beginning real estate investors. While it does have a large role to play in your overall progress and success, the amount you actually learn from studying educational materials is negligible compared to the amount you learn from actually performing an action or having an experience.

Keep this in perspective if you feel paralyzed by an insufficient real estate investing education.

Essential Investment Books – What I Learned Losing a Million Dollars

November 10th, 2008
investment books
Kelly Price asked:


This book by Jim Paul and Brendan Moynihan is a book any trader should read – The book correctly states that there are lots of different ways to make money and only a few ways to lose it. Therefore you need to concentrate on not losing first

If you have not read this book you will see the markets in a completely different light and one that could lead you to bigger profits and is simply one of the best investment books ever writtten.

What I Learned Losing a Million Dollars is a fascinating, insightful, easy-to-read true story of Jim Paul’s rise from a humble country background to jet-setting millionaire trader and Governor of the Chicago Mercantile Exchange.

It is an examination of the lessons he learned from losing a million dollars in the market which brought about his demise and then covers his rise from the ashes.

This book contains no technical theories and really focuses on how NOT To lose money – there are plenty of ways to make money so how come most traders lose it?

The answer lies as we have stated that:

It’s not how you make money that’s important there are many ways to do that, but are only a few ways to lose it and if you are mindful of them and don’t make losing mistakes - you can emerge a winner.

The book is essentially divided into two parts:

Section 1

The first half of the book about Jim’s life makes you feel close to him and the experience he is facing as his world crashes around him. It’s both funny and sad in equal measure and is a superb fiction story.

Section 2

After the loss and its aftermath, comes the authors views of what he had learned and this really is original, thought provoking and insightful. The authors show you how to identify and manage the risks, both monetary and emotional that is part of any decision making including trading.

Playing great defense

The authors covers the key areas ALL losing traders fail in, that let losses get out of control.

Key areas covered are:

- The three biggest mistakes traders make and how to avoid them.

- Why the most important part of building wealth is not losing it.

- The psychological pattern which all losses take in a traders head, regardless of the position size

The discussion on the risk/reward ratio, and why most other books get it wrong is perhaps the most interesting part of the book.

This point is worth the books price alone as the aothor explains

Why you have to take into account the PROBABILITY of return, and PROBABILITY of loss, when trading and not simply divide the size of your expected return by the size of your expected loss, as most authors suggest – if you do you will lose!

This really is the key point of the book if you want to keep losses under control as it states in the preface.

“This book is a case study of the classic tale of countless entrepreneurs: the risk taker who sees an opportunity, the idea that clicks the intoxicating growth, the errors and the collapse. Our case is that of a trader, but as with all case studies and parables the lessons can be applied to a great many other situations.

If you want a book to show you the importance of emotional discipline and the art of risk management, then this is it.

This book has recently gone out of print, so get your hands on a second hand copy or get to the library and read it.

Investment Solutions Uk: Difference Between Unit Trusts and Oeics

November 7th, 2008
investment products
Anton Kadin asked:


Making money needs labour and wise people know it. But very few people know how to preserve money or how to make it grow. Of course, there is no any magic stick for that. But this is also true that some intelligent financial moves and wise decisions along with a proper investment solutions UK can make it happen. This is the latest trend of saving money and making it grow.

You can choose any investment solutions UK according to your choice and investment plan. These days various financial solution companies are offering numerous investment products like ISAs, unit trusts, investment bonds, capital protected products, investment trusts and shares. In fact, nowadays millions of UK citizens hold investments in unit trusts and OEICs, aka., open ended investment companies.

These days unit trusts are proving to be one of the best extensively used investment solutions UK. These are collective investment funds which allow investors access to numerous shares, bonds, gilts or property. One of the major features of unit trusts is that the funds are open-ended allowing units to be created when people invest and cancelled when individual investors cash in their investment. The unit price fluctuates up and down to reflect the exact value of the investments held in the fund and prices usually change daily.

Furthermore, OEICs also work in a similar fashion to unit trusts but they issue shares in a fund, rather than units. The shares move up and down in line with the fund’s underlying assets and the fund is owned collectively by all investors. And the key difference between an OEIC sub-fund and a unit trust is that OEICs are ’single-priced,’ while unit trusts have a buy price and a sell price.

Thus, you are required to read all the pros and cons of unit trusts and OEICs and in fact about any investment solutions UK which you want to opt for. This you can do by searching about an investment product of your choice on the Internet as these days various financial solutions companies have online presence that can be used by you.

Investments Solutions Uk: Investment is No More a Missile Technology

November 4th, 2008
investment products
Anton Kadin asked:


Yes, it is true that foresightfulness is required for doing investments. But it is also true that knowledge of investment is not a missile science but it needs a little study and financial research. Some people are scared of doing investment due to lack of knowledge. Some people think they don’t require it. But, nowadays many people are utilizing investment solutions UK for having a prosperous future.

Different people understand the term investment differently and its meaning differs for different people. Some perceive it as a saving while some others as an additional income. We can say that an investment is an expanse which will result in financial gain eventually. An investment has the potential to grow in value or give you an income in future. You might know about numerous kinds of investment products offered by investment

solutions UK. The various investment products are combinations of four variables.

The four variables which may combine to become an investment product are cash, (deposits), corporate bonds and gilts (UK Government bonds), equities (shares) and property. These four variables combine together and produce different investment solutions UK like lump sum investments, Maxi ISA, regular savings, Cash ISA, guaranteed income, wrap accounts, investment bonds, review existing investments, distribution bonds, national savings certificates etc.

Also, these days most investment products are available in the form of funds. These pool together people’s money and invest in a mixture of different things like equities, bonds or even cash and property. A fund manager looked after these funds. Financial experts advise to take great care in choosing the fund manager. An expert fund manager has an in depth knowledge about different investment solutions UK. These fund managers can identify the top performers in the financial market also.

Moreover, your investment can fall as well as rise so while investing always take calculated risks to increase your chance of getting higher returns on your money. You should be more cautious if you are investing for the longer term. Do check the various risk factors while buying any of the investment solutions UK products.

which books article and sites about stock investment analysis is best? ?

November 4th, 2008
investment books
mohammad asked:


please tell me about investment analysis books and sites.

Forex Education - Learning Forex Trading the Right Way to Win

November 2nd, 2008
forex education
Kelly Price asked:


Anyone can learn to trade forex and anyone can get the right education but the fact is most people fail at forex trading and 95% wipe themselves out. This is mainly due to believing myths and not having the right mindset. Here we will give you some tips on getting the right forex education to win.

First things first!

If you don’t like risk, don’t trade forex. You will here a lot about how you can cut risk and you can but it still remains highly speculative.

You also need to take responsibility for your actions - no one else is going to make you rich, success comes from within.

So ignore all the vendors who tell you they have secrets and can make you rich. Reputable ones can help you by teaching you the right tools but you need to apply them - the rest is then up to you.

The fact remains that most traders fail because they lack discipline, to apply their methods. The only way you will acquire discipline is - to have confidence in what you are doing and this comes from forex education and knowing how and why your system works.

Also, don’t believe any of the myths below, there all guaranteed to make you lose and nearly every forex trader that loses, believes one or more of them.

- Day trading works

- Markets move to scientific theories

- You can predict in advance what will happen

- Complicated systems are best

- The more you trade the more you will make

- You can trade the news and win

- The more effort you put in the more profits you will make

All the above are dead wrong and will see you lose.

We don’t have time to go through every point in detail here - but there all covered in our other articles - so banish the above thoughts from your forex education now!

The way to make money in forex trading is to work smart NOT Hard.

You don’t get paid for effort and you don’t get paid for how often you trade you get paid for being right.

Use a simple forex trading system. It will be easy to understand and apply and you will get confidence and discipline.

Make sure you don’t predict prices - prediction is another word for hoping and guessing and that’s not the way to make money in any venture and certainly not forex trading.

Act on confirmation of price momentum - if you know nothing about it learn it now.

To keep disciplined the best method is a simple method based upon forex charts.

Don’t pay to much attention to news stories.

Sure, they sound convincing but their stories and the majority lose and news reflects the majority!

Working Smart To Win

If you want the perfect example of working smart and not hard then you should read the story of the turtles.

In 1983, trading legend Richard Dennis taught a group of people to trade - to prove that anyone could win at forex trading, with the right forex education.

None of the group he picked had ever traded before and they were from diverse backgrounds, of all ages and of both sexes.

In 14 days he taught them and then set them off to trade - the result?

They made him $100 million and many went on to become trading legends.

This shows you what the right forex education can do and while you may not become as rich as the turtles, it’s a fact anyone has the potential to trade successfully.

Success Comes From Within

Trading is a deeply personal experience and you not only need the right skills you have to have the right mindset to apply them - if you don’t, you have no method in the first place.

This is why most traders fail - they can’t accept responsibility and they don’t gain inner confidence. If you can , the potential from currency markets is mind boggling and the rewards can be life changing.

The real question is do you have the desire to succeed and will you learn forex trading the right way?

If you do then - welcome to the world of forex trading, the worlds most exciting and lucrative business opportunity!

Stock Market Training programs?

November 2nd, 2008
stock trading education
Itsme__ asked:


Hello,

I have been trading for a few years but really would like to expand my trading education. Has anyone purchased any programs that could help? Computer programs, DVDs, or has anyone taken seminars?

Thanks!

Forex Education - Why Day Trading is a 100% Great Way to Lose Money

October 29th, 2008
day trading education
Monica Hendrix asked:


If you learn one thing from your forex education then it’s - avoid day trading. Day trading systems are simply a guaranteed way to lose money yet, more novice traders attempt this method than any other. Let’s look at why it’s not a smart way to trade.

Think about this fact:

We have millions of traders Trading trillions of dollars each day - all individuals like you and me with their own opinions and motivations.

Now to say that you can tell what this huge diverse mass of people are going to do in a few hours is ridiculous - you can’t

All short term volatility is random and prices can and do go anywhere in a day, support and resistance is meaningless and you can apply any technical tool you like it wont help - the data is to short to be useful.

The Proof

How many times have you seen these headlines:

“Scalp 100 pips a day”, “day trade your way to a fortune”, “make $10,000 a month” etc and it’s a great read - but that’s all it is, a clever story where the facts simply don’t add up.

Do you ever get a real track record to support the hype of the copy?

Of course you don’t. All you get is a made up track record done in hindsight ( not exactly hard when you know the closing prices ) but forex trading is a little harder you don’t know them in advance!

If you see a day trading system which claims to have made profits, look for this standard disclaimer or a similar one to this CFTC Standard which you see a lot:

“CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN”.

Read it carefully and you will see that if you put the above track record on a system you can say whatever you want.

Don’t fall for the hype of day trading you won’t win and if you want to prove it to yourself, try and find a REAL TIME track record - that’s real dollars and supporting account statements.

Let me know, because I have been trying to find one for 25 years with no success.

So keep in mind when learning currency trading and getting your forex education - leave day trading out of it.

This question is for police officers only. Can you tell me what a day out on the job feels like for you?

October 27th, 2008
day trading education
curtellw asked:


I asked this because I am currently in school for Criminal Justice, to become a police officer and also, I am going to continue my education to get higher rankings so maybe I could gain a chance on becoming an investigator. So tell me what’s it like to be a cop and would you trade it for anything?

All About Real Estate Investing Book

October 25th, 2008
investment books
vknarayana asked:


Real Estate Investing is no longer the special past time of wealthy businessmen. In today’s world real estate has become a common financial motion for people from all walks of life. This trend will likely to continue to perform will into the predictable future. This change is due to elimination and concentration on company pension plans. Personal investing guide has replaced these plans as the preferred way to plan for retirement

Real estate investing book increases the knowledge and information in the real estate field. People who speak in real estate market are the people with experience in real estate industry. A real estate book which is introduced in electronic format is called as Real estate E-book.

A real estate investing book is a collection of paper, parchment or other material, bound together along one edge within covers that contain information about real estate investment business. A real estate book is also a real estate literary work or a main division of such a work.

A real estate investing book could be studied by real estate course students in the form of a book report. This book may also be read by a real estate professional or real estate business man who would like get more knowledge about some topic related to real estate. There are several recommended real estate investing books available for increasing your real estate investing knowledge and improving your real estate business.

Real estate investing book is one of the least risky types of investments books you can read. Rather than investing in hit or miss stocks that are sometimes unpredictable, real estate investing is a much more stable market. If you make a wise real estate investing book purchase, you will be able to increase your investment’s worth over time even if you put little or no knowledge or basic ideas into it.

The purpose of the Investing book is to supply all the necessary information so that you can obtain new skills and educate more yourself in real estate investing field, in order to get proven profitable results from your investments in the stock market! The Investing book intends to not only provide advice on investments for beginners, but also aims to offer fresh ideas for experienced investors. The Investing book also offers a list of investing terms and important phrases that the investors would need to be well-known with upon their embarkation into investments.