4passiveprofit.com

mikey answers:

For the UK, go to the source, The London Stock Exchange

http://www.londonstockexchange.com/en-gb/

The BBC business site isn’t bad either.

Http://news.bbc.co.uk/1/hi/business/

mikey answers:

If you go to handango.com you can buy software for most mobile phones that will allow you to read business news and check stock prices. There is very little software available that allows you to buy and sell, but TD Ameritrade does offer software to their customers for free that allows then to buy and sell on an iPhone.

mikey answers:

Generally in Australia any free service will be delayed by about 20 mins. If you can find online brokerage service that you can sign up for, you will get a live data feed.

There would be some you could sign up too for free. I use westpac as I bank with them.

mikey answers:

Same here….yahoo does it again!

mikey answers:

Let me give you some inside tips. First, to answer your question… Throw that list away. Focus on stocks that are soon to announce earnings, they usually move quickly. Focus on stocks with over 1 million in daily volume above $15/share. After you scan those you’ll have a manageable list. Now sector scan for secors on the move up or down, long or short. Once you’ve come up with a few companies you’d like to buy or short find out when they’ll announce here:

http://biz.yahoo.com/research/earncal/today.html

Oh, and get an IBD.
Ok… When you make your first 20% give me shout out!

mikey answers:

Blue chip dividend and growth stocks.

Wal mart, GE, Exxon, BP, Microsoft

mikey answers:

If you want to earn 10times of what you put in within 3-5 years you should invest in (C) stock and also government will never let it fail because it too big to fail

mikey answers:

Cramer and I like WEN Wendys. Didn’t buy today? Oh well. You might be a bit late. Let’s see what happens tomorrow! If it goes down, buy but if it is up you might think first-then consider waiting for another opportunity. Always be patient enough to buy low!!! It is a good stock and is priced well for a beginner and I have a good feeling about it. It has a yummy little dividend to help you wait for it’s inevitable rise to about 6 some time in the next 12 months. But I am not allowed to give investment advice, am I? How about a nice mutual fund?

Wish me luck! Lol

mikey answers:

Well I’m 18 and I invested last November and currently the return on my investment is 126%. Some of the stocks that I invested in a few months ago include: Citigroup (C), Bank of Ireland (IRE), Bank of America (BAC), Deerfield Capital (DFR), and another good one was Genworth Financial (GNW). Those stocks have gone up quite a bit since I bought them though.. However I still think they have more than enough room to grow.. Hell were just coming out of a recession.. There’s plenty of time to grow! Good luck!

mikey answers:

Stocks provide the best returns over time but that isn’t enough time. Even figuring the average 10% per year a month would only net you less than 1% IF you got the average.

Two months from now any stock you pick could be up 5% or down 5% or more. You can’t dictate to the market. You have to buy and sell according to what the market does, not according to what you want to do.

The stock market is not the place for short term money.

mikey answers:

Obviously he cant manipulate the stock market.

Obama is a….liar, a theif, and a tax collector…and his friends are tax collectors.

mikey answers:

Google

mikey answers:

Pull your money out, NOW!

mikey answers:

Invest today at your own risk. Things look really bad to me. We may be heading for the “Greater Depression”. GE is not a great idea in my opinion. They have a huge financing business. In other words they are part bank–not good. You might consider buying FXE.

mikey answers:

There are 2 issues here:

1. The answer is that any gains held under a year is subject to ordinary income tax.

Capital Gains Tax Rates
Long-Term and Short-Term Capital Gains Tax Rates (2009)

http://taxes.about.com/od/capitalgains/a/CapitalGainsTax_4.htm

2. The second issue is the rational behind one thinking they will double their money in the market tomorrow.

mikey answers:

I would say around 40-50k. It was my first time cash out $4,000 in cash from the bank last week from my online business too. LoL It is nice to see they count $100 40 times. XD

Not a millionaire yet but soon will be if I keep banking this much with my online venture. If you are interest, just drop me a message

mikey answers:

I would say so. It hurts the U.S. Economy because they send the majority of that money back to their “home” country. That limits the money that is in the flow of the economy.

By the way, it is illegal to work for a wage and NOT report it to the IRS. It is considered tax evasion and in case you think it isn’t a big deal, it is the ONLY thing that put Al Capone in jail. So in my eyes it is serious enough.

mikey answers:

They don’t disclose specifics like that, but it is a bit more complicated.

The treasury is responsible for balancing inflation. They add money, but the also take money of out circulation to counter inflation. They also are responsible for replacing damaged bills ect.

mikey answers:

Borrowing money from foreign countries doesn’t increase the total amount of money in circulation. Whereas printing money and spending it in the economy increases the total amount of money in circulation.

USA for example borrows US dollars from foreign countries. And these US dollars foreigners bring to USA without any kind of money printing.

Foreigners sell more stuff than they buy in USA. And this leaves them with extra US dollars. And instead of accumulating these US dollars under their mattresses, foreigners bring their US dollars back to USA and buy US Treasury bonds. Which transfers the US dollars foreigners have to the US government.

The US government spends this money on salaries of government workers and various other things. Which transfers these US dollars back into the private economy.

People in the private economy then spend these US dollars on imports from foreign countries. And this again leaves foreigners with extra US dollars. Which they bring back to USA.

The money circulates through the economy like this without any increase in the total amount. And that’s why there is no hyperinflation when the US government borrows money instead of printing it.

In borrowing money, the only thing that increases is the amount of debt the US government owes to foreigners. Which is the amount of US Treasury bonds. While the amount of money in circulation remains the same.

But not all borrowing is like this. Within the US economy, banks loan money through the so called Fractional Reserve Banking. Where banks are allowed to loan out many times more money than they have in reserve from their depositors. And this results in temporary printing of money and temporary inflation of the money supply. And it’s temporary because when borrowers repay their debts to the banks. Then banks can record only the interest payments as their profit. And the extra money that was created earlier through fractional reserve banking disappears into thin air according to banking rules.
Http://en.wikipedia.org/wiki/Fractional-reserve_banking

mikey answers:

Whose money is this?

Yours? Non issue as you would have been reporting the bank account(s) every year on the form TD F 90-22.1.

A gift from mom and dad? Non-issue. You file an IRS form 3520.

PS “It’s someone who sold a property there back in may and ” –if that someone is a us person (either US citizen or resident alien for tax purposes), then they a) have to report the sale on their US tax return (use form 1116 for a tax credit on taxes already paid) and report the bank account to the treasury department next June.

mikey answers:

A profit-sharing agreement is the agreement that establishes a pension plan maintained by the employer to share its profits with its employees.

A pension is a steady income given to a person (usually after retirement). Pensions are typically payments made in the form of a guaranteed annuity to a retired employee

mikey answers:

You can do one of two things. 1. Hand it over to the lawyer you submitted your law suit through. 2. If you have a statement of the 401k, hand it over to your broker, and have them roll it over into an IRA account in their firm. If the total value of your 401k is $70.68. No one will go after your money since it is a small amount. Issue a letter to your previous employer asking for distribution of your funds. If you cash the check, you will have to pay taxes and penalties if you are under 591/2.

mikey answers:

There is and it goes by the same name.

mikey answers:

Yes, so long as the total amount contributed to the Roth IRA does not exceed your earned income for the year, and is not over the maximum you are allowed to contribute for the year.

But if the maximum for you is $5,000 for you this year, you can contribute another $5,000 after Jan 1.

Be aware, that self directed IRAs (Roth or traditional) have extremely high (rediculous) fees from the IRA servicer. I do not recommend them unless you really know what you are doing.

mikey answers:

Yes. In fact, a profit sharing option is available inside a 401k plan and should be installed as such in an effort to save money. It is simply another money type. So your 401k plan will have 401(K) employee deferrals, 401(k) match, profit sharing, rollover, and if you want…Roth 401(k) deferrals.

If you put it seperate you will have double the adminstration fees and double the headaches. Silly when there is not an administrative firm out there that can’t put them into one plan.

I recommend that you consult with a Third Party Administrator for plan design. This plan should be for YOU to benefit the most and for your employees to PARTICIPATE in. There are ways to structure a plan so you can defer large amounts of money into a retirement plan (and thus defer the taxes) without having to contribute much on the behalf of your employees. It will be worth your while to talk to an expert…and not someone at American Funds, Fidelity, or any other company such as that but an independent TPA who will not sell you on any investments but instead work with you on plan design and then which investments work for YOU.

mikey answers:

Reading & Analyzing Financial Statements (Financial Accounting for …In other words, Current ratio indicates the ability to pay current …. The gross profit margin or net profit margin, and company, can express it by sector, …
Papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1015333_code470339.pdf?abstractid=1015333&mirid=1 – Mga katulad na webpage

Kooky Plan Wiki / financial statement analysisProfit Margin for ROE = Net income – dividends on preferred / Sales … The current ratio will be higher using FIFO than using LIFO (for the same firm). …
Kookyplan.pbwiki.com/financial%20statement%20analysis – 56k – Naka-cache – Mga katulad na webpage

free download http://grand-bucks.blogspot.com

mikey answers:

Dollar Tree is the competitor with the best net profit margin, at around 5% (versus Wal-Mart’s 3.4-3.6% recently).

Wal-Mart would be average to above average in its industry in percentage terms. (Retail, and particularly discount retail, is a tough, competitive business.) On other relevant measures, of course, Wal-Mart does even better, partly due to scale advantages.

mikey answers:

B

mikey answers:

$24,382 loss / $489,162 = -4.98%. Appears the diff between 4.89 vs 4.98 could be a typo.

Hope this helps, mule.

mikey answers:

Ask questions to confirm your thoughts.
Ask questions because it is less tiring than studying for answers.
Ask questions to get the chance to socialize.
These are the main reasons for the worldwide success ALA.
I did not understand in which category is your question.
If it is in part of the third group, welcome!
Whenever possible, you will have my help! Good evening |

mikey answers:

You go back to your house and talk to her and you can choose to give her more money, so you can give her all of your money

mikey answers:

She just takes her executor paperwork to the bank where your aunt’s savings is. They will then relinquish the money to her….if it hasn’t been sent to the state due to being in dormant status for so long.

mikey answers:

Maybe she wants you to be reliant on her

if you dont have money saved youll have to go to her for money

and in this day and age instead of giving benefits to people who try to do the right thing and save money more benefits seem to go to people who dont

maybe she thinks she is doing you a favour

mikey answers:

Talk to your family about your new plan for saving money.Make sure they are on the plan with you.
Go to the store with a list of what you need. Don’t go shopping hungry. This strategy takes pre-planning. You need to know exactly what you will be eating for the next month for all of your meals and how you will be reusing leftovers.
There are lots of websites on how to plan for this.
When you go to the store, try and look low and high on the shelves. The less expensive things are there. Stay away from eye-level items.
Buy rice and learn to use it in recipes. Buy it in a 20 pound bag, it’s less expensive.
Cruise the internet for cheap recipes. Here are some links:

http://frugalliving.about.com/od/frugalfoodsrecipes/Frugal_Foods_Recipes.htm

http://www.frugalrecipes.com/

Those are just two of thousands of websites about lowering your expenses. There are websites on how to make your own cleaning products. You can learn so much form the internet.

Learn how to prepare beans and make them your best friend.
Buy bulk items on sale and store, but use what you store.
Try generic or store brand products. They are getting better and better.
Try and view meat as a “flavor enhancer” or condiment as opposed to a main course.
Dark meat chicken is less expensive than chicken breasts.

If you roast a chicken, use the bones to make chicken stock. Strain and freeze. You’ve just saved a couple of bucks on chicken broth out of something you would have thrown out.

Purchase frozen concentrated juice and add a half a cup to a cup more water than is called for. Serve it over ice. Nobody will ever notice. Don’t buy iced tea. Make your own.

Lay off the sodas. Drink water….from the tap. Water not so good in your area? Invest in a water filter. Don’t buy water.
Curb your desire for prepackaged, instant, or precooked food. These are an arm and a leg. Snack items like potato chips and such will kill your budget; popping your own popcorn will not.
Take it easy on the eating out and no more pizza delivery. Make a batch of pizza dough, freeze in one-pizza amounts and make your own pizza.
Bake your own muffins and freeze them.

Make 2 casseroles from sale items you have purchased instead of one and freeze one.
Shake hands with a box of oatmeal, cream of wheat, etc. It’s better for your family and cheaper than boxed cereal.
Walk out plastic food bags and reuse.
Use cloth rags instead of paper towels and napkins.
Make everyone aware of how much toilet paper they are using….obviously less is better.
Wash your clothes in cold water. The dryer will zap any lingering bacteria if it survives the laundry soap.
Summer’s coming. Buy a clothes line.
Turn out the lights when you leave a room and unplug everything you aren’t using at the moment. Watching T.V.? You don’t need lights on for that.

Use fans in your house along with your air conditioning to improve circulation. On mild days, turn it off entirely and open the windows. During the winter, lower the thermostat and put on a sweatshirt, and insulate the windows with a plastic film that adheres to the window molding and you tighten by blowing with a hair dryer.
Buy used or shop yard sales for needed household items.
Use rechargable batteries.
Start a “change jar”. Throw all of your coins into a jar at the end of the day. Don’t cash it in until it is filled up. Deposit this money into a savings acount.
Turn the water heater off in the morning and back on at night.
Concentrate! Think about saving money every minute. Get intense about it and track how much you’ve saved. Once you get the hang of it, it’s actually fairly easy and it becomes a habit. Once it is a habit, it gets to be a challenge…more of a game really. And it’s quite fun. Start with writing down how much you’re spending now and keep track of how much less you spend as you go on with your “frugal living” plan. You will be amazed at how much money you’ll save!
I won’t even go into how much money I have saved over the years living under my income, but I own my home and don’t have a mortgage, I don’t have a car payment, I have no credit card debt, and I am on my way to living well at retirement.
In 1996, I didn’t own a home, drove an 8 year-old compact car and everything I owned fit in the back of the car. I had about 11 hundred bucks in savings and no furniture. I paid myself first and l used this plan in combination with working my tail off to get a little bit ahead. If you pay attention to what you are spending and look for other ways to cut costs, I just know that you will save a ton of money!
Good Luck!

mikey answers:

Try to live on one salary and bank the rest.

Who will care for the baby after it is born ? Are you both going back to work ?

You need to work those things out .

Good luck

mikey answers:

The only reaction I’ve heard of is from Art Howe, who was NOT happy with his portrayal.

mikey answers:

Ron Ron Ron don’t you know in 15 minutes you can save 15% or more? You could of saved the points and googled it.

mikey answers:

A major part of asking a question on Yahoo Answers is to WAIT for answers! Not to be so excited you have to answer it yourself in less than an hour.

And his name is Charles O. Finley. Not the way you think.
Do you know what the O stands for?
You got stumped!! It stands for Oscar.

mikey answers:

Moneyball will be released on November 10th in Australia.

Http://www.moneyball.com.au/

Everything Must Go comes out on DVD and Blu-ray on October 5th (next Wednesday) in Australia.
Http://www.madman.com.au/catalogue/view/15442

mikey answers:

Crawford is way overpaid, but that final catch was a tough play … Can’t put blame on him there. Papelbon is no Rivera, and not even a 41 year old Rivera.

mikey answers:

It may not even be a publicly-held company.

mikey answers:

The equity Barrick Gold trades under the symbol ABX. If you think that Barrick gold is a good investment, you really want to invest in the stock rather than the bonds. The bonds offer very little if any growth potential. Also Barrick Gold may not have any bonds that are tradable. I do not know. But ABX is a decent hedge against the potential collapse of the dollar.

mikey answers:

The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

mikey answers:

First, take 6 months in learning about stocks and trying it out with fake money in a stimulation web site like Yahoo! Finance.

Www.finance.yahoo.com

The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.

Besides you can’t do much with $100 in the market. Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.

I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.

Good luck.

mikey answers:

Re: Best Indian companies to invest

There is no better place perhaps than the Motilal Oswal Wealth Creation studies -they have been tracking long term performance of Indian stocks for more than 16-17 years now, starting in 1991. It will be informative and great education for you to download and study each of these reports

http://www.motilaloswal.com/Retail/RetailContents.aspx?ReportID=DE09E872-F1C9-44A5-A990-0E11F61CBE6B

========================================================

Well for beginners like you, MF investing is the best route. You are well advised to stick to MFs till such time, you are able to analyse for yourself

1. Which are the best stocks to buy and hold for the long term, and why?
Thats only half the story, but will be an important achievement by itself, if you can defend your choices.

2. The next half lies in knowing when to enter, i.e. At what price it makes business sense to enter the stock with a high margin of safety.

So its not about which are the best stocks for my rs. 5000-10000 sparable this month, but rather what is a good price to enter a Infosys, Bharti Airtel, HDFC Bank or a Gateway Distripark?? Do you get it:-) It took me 1.5 years to come to this conclusion!!

The principles behind these are simple, but its pretty hard work-understanding and researching stocks/businesses on your own!-buying a stock is like buying part ownership in the company -not the sort of lottery many people seem to liken it to. Remember you have to be able to beat the great returns that MFs are giving you -otherwise what’s the use. And for enjoying teh MF returns, you hardly have to break a sweat!!

Having said that, this uncovering of great stocks, before they become the next Infosys, or Bharti Airtel, is great fun and can be a thrilling roller-coaster ride. If you develop a passion for stocks investing like I did 3yrs back, its worth all the trouble. Because when you buy at the right price and hold, companies with great competitive advantages, decent growth, high profit margins and return on equity, strong cash flow and balance sheets, companies with strong management, the stock market performance & returns are usually in line with business performance. I have seen all my 2005 investments becoming 3x-4x; even in this meltdown they are holding up 2x to 3x.

You have to have done your homework, then have the courage to enter the market at times like today’s -when they start becoming available cheap, and then hold on for atleast 3-5 years -to see good returns.

So how did I myself start learning and develop the passion. All that I did and still keep doing to learn is shared, here

http://in.answers.yahoo.com/question/index;_ylt=AjyFlmbndCuR8PQV6csLQJuRHQx.;_ylv=3?qid=20080603021843AAZNQ1A&show=7#profile-info-QezVxoIKaa

And to that list you can add a very good book I am reading now
Pat Dorsey – The five rules for successful stock investing – John Wiley and sons.
I wish I had started with this book. There isn’t a better step-by-step teacher of stock investing process!

mikey answers:

Ok I have to let you know one fact-there are NO charitable organizations/non profits where 100% of the donations go to the actual cause. I look for a range of 80-99%, some people are comfortable going as low as 75% but not me. They may have some events where 100% of what they raise in donations goes to the cause but those are usually underwrtitten by a large donor.
Unfortunately they have expenses too-salaries/insurance/overhead/office supplies-you know the same stuff for profit companies use.

Check your yellow pages or online for a local chapter of what i consider are the best options below:

American Council for the Blind-Guide Dogs
PAWS
PETA
Humane Society

Check on any charity through the better business bureau. Their website is below too.

I hope this helps you

mikey answers:

Gross profit – tax -dividend = Net profit.
Yes, both are same.

mikey answers:

Your level of return should be based on your level of risk. If your risk is minimal, your return will likely match that. With more risk you should be expecting a greater return.

For an S+P index fund, 8-12% is a good year.

If you are moving into individual stocks, you should be shooting for a greater return, unless they are very large cap dividend paying companies who’s stock price doesn’t really grow too much, as there isn’t as much risk involved there.

Personally I would be satisfied with returns of 15% or greater on investments that I consider to be slightly more risky than an index fund.

I could give more information possibly if I knew specific companies or investments you had your eye on.

mikey answers:

The first thing you need is spelling lessons.
You do not have a “nonprofit”,
Who’s going to give you free college?

You have no clue what you’re babbling about.

mikey answers:

In regards to a nonprofit owning all or any of the shares of stock of a for-profit organization that is not a problem. The For-profit organization would be taxed as any other for-profit organization. The nonprofit would not be taxed on dividend income unless it is a private foundation. The nonprofit could not capitalize the new for-profit if the investment was viewed as other than a prudent investment

You would organize in the same manner as any corp or LLC with the owner being the NFP