mikey answers:

Neither, How about enforcing the current regulations on the books. This is common sense,

DTG

mikey answers:

I don’t have 60 minutes to watch it…maybe later.

mikey answers:

Loop Holes have increased for the banks & each will cost those banking for a future.

mikey answers:

Eric Cantor wants to deal away with all bank regulations.

mikey answers:

Hi, i know what your question means. I also think stock market is a nice place for investing.

I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.

Http://www.bernanke.cn/stock-trade/

Best Wishes && Good Luck!

mikey answers:

CIT Group.

mikey answers:

Nseindia.com
bseindia.com
icicidirect.com
hdfcsec.com
reliancemoney.com
mutualfundsindia.com
indiabull.com
infoline.com
yahoo.com/finance
advfn.com

mikey answers:

1. Apple
2. Ceradyne
3. Peabody Energy
4. Empire Resources
5. Las Vegas Sands

mikey answers:

Cisco certification well in demand, if you’ve got excellent numeric memory and/or can visualise large structures.

Get job first if possible and do certs while working, some co’s will pay for your training and cert exams, then you got experience + certs and can hike up after a year or two

mikey answers:

Hopefully they will send him his money after he gets deported.

mikey answers:

Just write this statement on a card and show it to them.

Hi i wanna know how do i show my income of proof to organizations where i need to show for taking benefits as i receive my pay through money network card.

They will understand.

mikey answers:

Yes. I am a successful business testimonial.

mikey answers:

Of course………………….

mikey answers:

It really depends on your company’s 401k Summary Plan Description (SPD) which are the guidelines to your plan. Current IRS laws state that if you have less than $1,000 in your 401k you must withdraw the funds either as a rollover to another plan/IRA or cash it out. If you have more than $1,000 you will be able to leave it in the plan.

Personal contributions to a 401(k) are not permitted since it would not be tax free dollars going into the fund.

mikey answers:

Generally speaking, yes, once the funds go into a 401K, or any tax-advantaged account, withdrawals are subject to tax and penalty. You may, however, be able to withdraw funds for college without penalty under certain circumstances. Either discuss with your tax adviser/lawyer or download IRS publication 590 from www.irs.gov.

mikey answers:

Your company has a pamphlet on PS; ask for a copy of it. YES you can use it.

mikey answers:

I don’t think so. In my opinion, this is a good thing. Survival of the fittest. Looking at the whole economy, the greedy institutions left themselves weak. Now that the tide has gone out, we get to see who was swimming with their pants down. In the end, I think that we are going to have a stronger system world wide, made up of companies who didn’t get greedy and make bad decisions based on a trend in the market.

Some of the biggest and best companies in the world got greedy and tried to capitalize on market trends. If they would have followed less risky strategies and played it smart they wouldn’t be in this situation now. I happen to work for one of these companies that played it safe and didn’t get greedy. They have always maintained a positive cash flow even in this market – they don’t rely on other peoples money and have stashed enough of their cash to float for years through this mess.

mikey answers:

This bail out will lead to only one thing, more bail outs. It will prolong the economic agony much longer than if we just take our medicine now.

mikey answers:

Under the Glass Steagall Act, a bank could be an investment bank or a commercial bank, but not both.

The Gramm-Leach-Bliley Act replaced the Glass Steagall Act, and is referred to as de-regulation, even though the act instituted new regulations.

As a result of the de-regulation, you see more banks selling securities and more brokerages offering banking products.

See Investopedia for details.

mikey answers:

There will always be rumors flying around. To be safe, just make sure you don’t have over 100K at any bank if you are afraid of a bank shutting down. (250K max for IRA account)

If you are under the above max, your money will be insured by the FDIC.

mikey answers:

Okay, but this will be brief. Stock prices fluctuate. The idea is to buy a certain company’s stock while it is cheap and then sell it when it gets expensive, at a profit (capital gain). Alternatively, some companies actually pay “dividends”; and they distribute some of their real (as opposed to imaginary) profits, on a quarterly basis, to people who own stock. An individual can earn both kinds of income on one share of stock, since he/she can buy it at $10, hold it for a year and receive the sum of 4 dividend payments, and then sell the stock at $13. The capital gain would be $3, and whatever the dividends were, they would be the dividend earnings. At the date of the dividend payment, the money is added to the accounts of eligible shareholders.

Don’t be a dummy. If you are only going to learn in as much detail as fit for a dummy and then invest, boy, you are going to one proud dummy.

Edit:

The capital gain is very intuitive. When peanut-butter is on clearance, you buy it, and when people demand peanut-butter at high prices, you sell it. Sadly, peanut-butter is all-too realistic a product. Most people buy “stocks” without a clue of what it is they are buying. It’s like buying a cardboard box, simply because you think someone will want the package in a given time-frame. What if no one wants the cardboard box? Then you are left holding a bunch of crap mystery boxes

mikey answers:

Try ‘Trading for Dummies’. You can get it for around $20 at amazon. I have the first edition and it’s well written and explains things well in a layman’s manner.

Http://www.amazon.com/Trading-Dummies-Business-Personal-Finance/dp/0470438401/ref=sr_1_1?ie=UTF8&s=books&qid=1242005072&sr=8-1

mikey answers:

Great job investing every month (Dollar Cost Averaging)!

You might consider purchasing mutual funds if you don’t have a whole lot of money. You would be getting good diversification of companies that way as well as diversification of various market segments.

I have found that business success runs in trends. Listen for the current trends (that of good deals on stocks or mutual funds that are going up in value). Talk with investment brokers and listen for their view on the current trends. Try to find where they get their information (mutual fund manager’s are good sources). Everyone will have their favorite company picks so don’t worry matching another persons).

Consider the risks, how long will you possibly need to hold onto the stock and how risky is it to you? What someone else might sell off, you might want to hold onto for long term. We all have different levels of risk.

I recommend that you read the Wall St. Journal. It will help you keep pace with the market.

mikey answers:

Start with Personal Finance for Dummies.
You need to understand all areas of your finances first.So you can save more money to invest later after you have an emergency account.
About 3 months of wages in a money market account so you won’t have to cash out your IRA when the car breaks.

mikey answers:

If you know a lot about baseball, you will love this movie because it gives a candid and inspirational look at how Billy Beane transformed baseball.
If you know nothing about baseball, you will love this movie because it is an awesome movie. It’s funny and emotional.
Just so you know, if the ball goes over the fence, it’s a home run.
That’s about all you really need to know to enjoy this movie.

mikey answers:

The book was the key to changing the way a walk was valued and it started a new era of baseball thinking which eventually evolved into a hybrid of numbers and scouting. They chose not to focus on this and instead made a super melodramatic story on what Billy Beane went through.

The role of Billy Beane, played by Brad Pitt, is an incredibly demanding one. While there are tons of dialog, hack arguments, display of physical rage, etc.; it is the silent story telling, emotional turmoil, change-of-heart reflections, pupils-triggered catharsis, and so on that are the toughest to convey and requires a well-seasoned character actor. Pitt is at the top of his game. As an everyman, or at least one that isn’t played up as wealthy, a man struggling to keep his job, frustration is clearly seen in Pitt’s face. Pitt brings humanity to the ominous job of a general manager.

This is easily Brad at his widest acting range, and you see all of it in a little over two hours.

mikey answers:

It doesn’t look like a good movie, to be honest. They are trying to make it look like a Cinderella story in Oakland. But look at the guy now…..he can’t bring success to Oakland. He’s not really a good GM.

mikey answers:

There is a quote by Beane in the book, which I have to sanitize here for the kids, which goes “my stuff doesn’t work in the postseason”. He builds teams to GET to the playoffs — trash the weak teams and hold your own against the other powerhouses. Over 162 games, there’s enough time to have this work.

October is different. Teams face the other good teams, and in short, elimination series. There is no reason a Beane-type team could not win, but the edge gained in the regular season is largely negated by circumstances, and the role of uncontrollable luck is magnified.

Until someone devises a reliable way to distinguish clutch hitting from choke pitching (or vice-versa), I won’t put much stock into “intangibles” mythology or other such drivel.

mikey answers:

You need to work back to arrive at required figure.

Alert : Always Remember : Gross Margin and Net Margin / NP % are always against Net Sales.

GP% is difference of Net Sales & COGS.

NS 100%
GP (43%)
__________
COGS 57%

Operating Expenses = GP – NP =43% – 3% = 40%.

mikey answers:

Technically not. The P&L statement is merely a summary of revenue minus expenses leaving the net profit or loss depending on the result. A personal one would have your income as the revenue and the business one would use the sales for the revenue. If you are self employed you could isolate the income and expenses of the business to develop an understanding of hoe the business generates cash.

mikey answers:

It’s been a while since I’ve taken an accounting course, but I believe the cash from the investment is considered a debit, while the debt from it is considered a credit. This balances the profit out to 0, keeping the debt consistent with the debits when you spend the cash on assets.

mikey answers:

You calculate the opening and closing stock. If you have used a lot of stock to arrive at the years profit you may not have bought any raw materials/stock therefore you have to take the stock position into account when calculating the P&L.
Sales £10000, profit £8000 no purchases of material.Reduction in stock of say £8000= Loss.

mikey answers:

Endorsement (signature) is missing.

mikey answers:

That means they will loan you the money and expect interest on the funds they loaned you.
$100.00 at 9% means that you will pay back $109.00 for the loan

mikey answers:

Good value Means your fund will be credited on the time when the remittance received by your bank.

If your bank received the fund on 23 Oct 08 and credited to your acct on 25 Oct 08 you might ask your bank to credit the fund on 23 Oct 08. It is mean Back Value.

Hopefully it could answer your question.

mikey answers:

You can have complete information on Islamic Banking Terms if you go to your bank provider and ask them the information that you want to know. They have to tell you because the customer is always right. Try it out!

mikey answers:

Tata Motors

mikey answers:

No.. Buy McDonald’s instead.

mikey answers:

That would never happen
stockbrokers have tunnel vision and are only concerned with booking their next comission
that would be like hearing a real estate broker telling people it wasn’t a good time to buy a house
it would never happen

mikey answers:

PBR-Petroleo Brasileiro-This is a very good stock to own right now. Oil is up-more money for the company, dollar is weak- means better conversion rate from brazilian money to american money, also it is an emerging market- which means this company has more to grow. I will not discuss fundamentals since this is already too long.