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Category Personal Finance

April 18, 2009
The financial crisis may have turned much of Wall Street's wealth into dross, but a select group of hedge fund managers has managed to maintain a golden touch. According to an annual ranking of top hedge fund earners by Institutional Investor's Alpha magazine as major markets and economies careened downward last year, 25 top managers reaped a total of $11.6 billion in pay by trading above the pain in the markets. Four hedge fund managers took home more than $1 billion each. James H. Simons, a former math professor who has made billions year after year for the hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies. John A. Paulson, who rode to riches by betting against the housing market, came in second with reported gains of $2 billion. However, how following information may help an average investor or trader without deep pocket to achieve better then average results? In regard of Lev Letvinski systems supports analyst at Emini-systems.com computer-driving strategies or algorithm based (quantitative) systems may help in this dark times.

Quantitative finance started in the U.S. in the 1930s as some astute investors began using mathematical formulas to price stocks and bonds. Harry Markowitz's 1952 PhD thesis "Portfolio Selection" was one of the first papers to formally adapt mathematical concepts to finance. Quants often come from physics or mathematics backgrounds rather than finance related fields, and quants are a major source of employment for people with physics and mathematics Ph.D's. Typically, a quant will also need extensive skills in computer programming. In electronic financial markets, trading system, also known as algorithmic trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on certain aspects of the order such as the timing, price, quantity of order.

"Recent years have seen a surge in the growth of automated trading because global electronic markets continue to attract more volume, as firms worldwide utilize trading automation at an increasing rate," Mr. Letvinski told. Technologies devised for automated trading are making markets more independent. As bigger data pipes and faster computers are increasingly deployed by trading firms to monitor real-time prices across multiple markets, the window of time required to capture inter-market arbitrage opportunities is diminishing. At the same time, an investor opening an account with a brokerage firm simply cannot simultaneously manage the real-time analysis and trade in more than 4-6 financial instruments in several markets 24 hours 7 days a week. This brings about the need to employ automatic trading systems (strategies) in the form of runtime environment with client and server parts and the programs to control these systems (scripts).

TradeStation is a Windows-based application, designed, sold and distributed by TradeStation Securities broker. Technical analysis software is used for analyzing and trading the financial markets. TradeStation is a professional trading platform for financial market traders. It is used mainly by retail and relatively small investment operations as large financial institutions tend to have their own in-house solutions. It provides extensive functionality for receiving real-time data, displaying charts, and entering investment positions. Trading strategies can be back-tested and refined against historical data before trading live. A large number of third-party developers sell add-on extensions for TradeStation. Unfortunately, computer-driven programs require extensive experience and skills in math, statistics together with skills in programming and finance.

Emini-systems.com (www.emini-systems.com ) is premier online service which mission is to deliver high quality trading system to traders. For their customers company provides system-ranking service. For traders and investors system ranking service is an ideal way to ensure that system they are willing to buy is complying with high quality requirements. This service is a great place for average investor who would like to gain in this scientific quantative world but don't have degree in finance. For small private family funds, Emini-systems.com may be a solution too. It is too expensive to hire two or free scientist to research and develop robust trading systems. In this case, trading system can be buying or lease regarding rules system developers provides.

"By obtaining a trading system you will be able to back test system using your own data, your own criteria and preferred market. Situation control, no management fees, ability to use your own inputs, responsibility from your decisions, learning - these are the reasons which makes classic trading systems still popular" Mr. Letvinski says.

EminiOnline.net ( www.eminiOnline.net ) Branch Company of Emini-systems.com may help systems developers to sell there trading systems. Why vendors are selling systems if they so profitable? "Why do not earn extra money and use it for own trading?" Mr. Letvinski asked.

In conclusion: for average investors, financial services on the web offer great benefits. It may help to find safe place and stay in front in this scientific age.
sb
April 18, 2009
Dining out can be expensive. Some spend hundreds, if not thousands per year on meals alone! Here's how to enjoy dining in Restaurants without going broke.

1. Look Before you Tip! Automatic gratuity is common at many restaurants, especially for larger groups or parties. Don't shortchange yourself by double tipping! Always look to see if a tip has been added before adding it in.

2. Coupons are your Friend-Use them whenever possible. You can usually find them online saving up to 50% of your bill, or in other places like the Entertainment book, newspaper coupons etc. for more detials:-www.lose-10-pounds-quick.com.Some people feel silly pulling them out or even cheap, but in today's economy I assure you nobody will look down on you for wanting to save a little money.

3. Go Family Style-Sharing dishes is not only a tradition in many countries, but with larger portions, it is the perfect way to share with friend(s) or family. This way you get to try a little bit of everything and discover your favorite dishes, without the price to match.

4. Share Dessert! Sometimes you want something a little sweet to cleanse the palate after your dinner but aren't sure you want to drop $6 on one. Sharing a dessert amongst 2-4 people will not only save you money, but the extra calories too! It's a great way to enjoy the finer things without feeling guilty afterward.

5. Insist on a Separate Bill- Many people enjoy eating in large groups but when the bill comes a few people always wind up putting in a little more for those that didn't put in enough, to ensure the bill is paid with a suitable tip. for visit detials:-www.make-ezee-money.com.An easy way to avoid overpaying it to request your own bill. You can also control the tip based on your specific experience.

6. Avoid the Alcohol! There is no faster way to drive up the check than to order alcohol. Sure it's social but why not have a drink before heading out of the house. Instead, drink water with lemon a refillable drink like iced tea or coffee. You will notice a dramatic reduction in your restaurant bills if you change this ONE thing!

7. Save Room for your Entrée-Skip appetizers when you can, or share one or two with another person/couple to try out different items. Most people's eyes are bigger than their stomach, so to speak. They feel so hungry when they order that they order too much and often feel stuffed by the second bite of their entrée. However, if you order an entrée only and are still hungry afterward, then order more food at that point. If you absolutely must, share an appetizer, it is just as fulfilling.

8. Extra Sauce is Extra Cost! With the increase in grocery items these days, so too comes the increase for restaurants, and believe me, they WILL pass that cost onto you when it comes to the little extras. If you want extra sauce or dressing, many eateries are adding those costs onto your bill, the $2 and $3 here and there starts to add up.

9. Share your Celebration- Tell your server what you're celebrating. Many servers will even ask you if you're celebrating a special evening etc. Often, especially for birthdays, you might snag a free dessert, a discount etc. It's worth it and it doesn't cost you a thing.

10. Speak Up- Places like Starbucks are notorious for letting their customer switch up their drink if they don't like it. Well, the same holds true for restaurants. Let your server know that you are dissatisfied and why. If they don't offer it up, tell them you'd like to return it to the kitchen but would instead like to have the "x" dish. There is no sense paying for a meal that you don't enjoy. If it's just a matter of food being overly well done etc, they will in some cases comp it on your bill or at least provide a discount all while replacing it with a new meal.

11. Save money by always bringing your leftovers home. You may not want to think of another bite while you're at the restaurant but leftovers can turn into a snack or tomorrow's lunch. So, why not save on your grocery cost by bringing home whatever there is left over, no matter how small the portion may seem. After all, you did pay for it!

12. Happy Hour! Many restaurants offer happy hour, and we're not just talking greasy wings at the bar kind of happy hour. Many sushi and other restaurants offer certain times and weekdays (usually between 4-7pm) where a variety of meals are offered at discounted rates or even half price! Use this to your advantage and head to a restaurant after work to catch these great deals. Also note that lunch is always cheaper than dinner!

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sb
April 18, 2009
Apparently, a good proportion of earning population spends their money to the last coin as soon as it becomes available, never thinking of tomorrow.

Others save and invest their excess cash, which is very creditable and a few think of an emergency fund as some sort of insurance, yet it is.

One observation I have noticed about problems is that they strike us when we have other very crucial matters requiring first hand financial agency.

For instance, you may find that you just lost a loved one, or is very sick and at the same time, your employer is threatening to dismiss you, your lover is divorcing you, your car breaks down, you are lacking college funds for your child and so on.

During such times as these, money changes hands faster than before and the next thing people think of is taking out a quick cash loans, borrowings or even selling some of their assets at throw away prices to take care of the expenses at hand.

These without a doubt gives the relief on the short-term, but with high costs at payback not to mention that one is likely to create some irreparable debts.

This is why families should strive to keep some emergency funds somewhere, since at times the savings alone may not be adequate to fight back the storms of life.

These funds enable one to cater for the unexpected occurrences and such expenses should be planned for and funds allocated on the family budgets.

When this is not done, they become contingencies at some point in our lives and make us sink in to so many financial problems.

Emergency funds are not to be used to pay for holiday costs, buying any type of present, funding parties and luxurious activities simply because we can do without these if there is no money or they are never urgent.

I think it would even be sensible to use an emergency fund to pay a hospital bill for a loved one or yours before you can get in touch with your health insurers and later replace it.

Better still, one could use this fund in the period between loosing a job and getting another one for his or her survival in relation to the normal living expenditures.

It is advisable to split accounts in terms of if it is meant to cater for not- a-must-have things in life and those that become pressing.

Now that this type of finance is so imperative, one would ask how much allocation is suitable, given specific monetary circumstances.

This answer is too personal and depends on first, the amount of salary, commission or wage and one’s financial needs.

When one is paid in say commissions, this puts them in such a big risk of having it now and lacking it tomorrow.

In other words, their income may not be as stable as compared to that of a civil servant paid in form of a salary.

Similarly, earning as a casual laborer sometimes means getting a chance today and missing it tomorrow and thus cannot have steady income.

As well, consider your employers company permanence in terms of collapsing, downsizing or even your skills being declared redundant after sometime.

You may also consider investment in securities that you can easily sell and have some emergency fund, if your health is good or bad all the times, or you are paying for other insurance quotes for your assets and life.

All these factors would obviously provide a good overview of the amount of cash you would require to set aside for unforeseen emergencies.
sb
April 14, 2009

You’ve got a nice job, a nice car and you’re making good repayments on your mortgage. But just when you least expected it... poof. You’re unemployed.

That is what has happened to many people all around the globe. Living the dream life one day and searching for fallen coins at the bottom of your car the next.

Many of us haven’t had to think about frugal living before, but when you’ve got mortgage payments to make and a car loan to pay off there might not be another option.

Let’s face it, no credit check payday loans aren’t the answer for the unemployed. Sure, they may lend to you when no one else will but maybe there’s a reason for that.

The only thing you can do is rebuild and take massive action to ensure that next time you are prepared.

The Greek philosopher Epictetus said, “Circumstances do not make the man; they merely reveal him to himself.” So start by being honest. If you were to take away all of your credit options, where would you be? What could you afford?

Maybe you could get a cheaper car and pay off the loan in half the time. Then you could keep putting aside the money that you would have been using for repayments so that it is actual cash in your pockets. Once you had saved up enough of this cash, you could then upgrade to a better car. This way, you’re living within your means. It doesn’t rule out your dream car either, it just provides a steady road to get there.

Minimum repayments are the lazy mans guide to a slow and painful debt. Sure, nobody forces you to pay more than the minimum but can you afford to? If you have a credit card and you are only making the minimum monthly repayment then there’s no point. Interest will pile on and before you know it you will have paid the principle amount 2 times over. And if you can’t afford to make more than the minimum repayment than you can’t afford to borrow the money! A simple but effective rule of thumb. Ideally a credit card should be paid off monthly or before each due date.

And if you can’t trust yourself with the rollover credit that a credit card provides then it might be worth your while to look at lending small payday advances. Given a bad name in the industry, there are few who do this right. Just look for a company that doesn’t offer rollovers and provides you with a voice to talk to if you have any further queries. The more points of contact the better.

But it is at your day to day expenses that you will find the most cash can be saved. How many times have you taken a $20 note out only to find that it is gone after lunch? Food, drink and small purchases during the day can be the silent killer when it comes to tracking your cash. Be conscious of what you spend your money on and take the option to eat in at every opportunity. If you strategically stock your cupboards with food each week you will save money almost instantly and wont have to scramble for a payday cash advance to get you through the week before your payday.

So before you have to deal with it, plan for it. Make a list of the three worst case scenarios that could unhinge you financially. Think about what you could do now to live more within your means and develop a strategy and a plan of action to deal with these situations if they occur. This way, you’ll be in good stead for whatever may surprise you.

sb
April 14, 2009

Most of us, in one way or the other, are trying to tackle the recession effects that have affected our personal spending and saving. Parents are struggling to pay university fees and young graduates are struggling to get jobs. Economic slowdown can be a good time to understand money management ideas which can help overcome everyday crisis and also save for the rainy day.

The best way to make sure how much is left for our own use is to ‘pay the bills on time’. If there’s been a considerable saving that can be made into an investment do it right away. Small amounts saved can be used for expenses like renting a house or getting a much-needed appliance for home.

Another way to overcome sudden expenses is to make your monthly shopping a fixed attribute. Revaluate your home expenses to understand where exactly the money is moving out. High mobile bills and electricity bills can definitely be reduced by making personal lifestyle changes. Use free budget software or online money management tools to track every aspect of your spending and keep tab on the money that is remaining at the end of every month.

Credit card expenses need special mention as they are easy to use. Make sure you don’t possess more than one, unless absolutely necessary, and make it double sure that you pay the bills on time. Utilize the credit period provided for purchase so that there’s enough time to pay back.

Make amendments as a family to understand how each of you can contribute towards managing the current financial situation. If there are more than two earning persons in the household, make all expenses from one account and save the other one completely. Teach your family the art of saving and look for alternate part-time employment, whose income can go as a small savings for the family.

When financial planning is done meticulously there will be no need to panic during sudden job losses. It helps you sustain till the next job is found and that itself is a great life saver for many.

sb
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