We ought to change the legend on our money from “In God We Trust” to “In Money We Trust.” Because, as a nation, we’ve got far more faith in money these days than we do in God.
Arthur Hoppe
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A dog is not considered a good dog because he is a good barker. A man is not considered a good man because he is a good talker.
Buddha
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We are coming to the end of the 2nd quarter. The curreny outlook is still dismal, with oil prices continuing above US140 and US stock markets are being battered down. I think many investors are going to sit on the sidelines until they’re more certain the “BEAR” sharks have left the waters and it’s safe to go back in again.
It is necessary and important for trader to make quick and astute decisions with careful planning. He should be also cautious in the current setting too. Astute traders use their intuition to make trades, but they also think like an intuitive scientist developing educated guesses and seeing if they pan out.
It is vital to analyse the stock markets to understand them, and develop your own personal theories as to how they operate. The more you can develop these theories and use them to guide your decisions and trading plans, the more profits you’ll make. All the Best!
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10. Prune-eating Sumo wrestler.
9. High-rise window cleaner with bladder problem.
8. Near sighted knife juggler.
7. Megalomaniac Third World Dictator.
6. Grown men named “Biff.”
5. Heavily armed hot dog vendors.
4. Carsick brother in the seat next to you.
3. Brain surgeon with hiccups.
2. Anyone with a cranky disposition and a chainsaw.
1. People who offer you rugs.
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The best way of knowing the true value of your house is to have an independent valuer to give you a valuation. They are skilled professionals who are legally liable for their services and have no financial interest in the sale. You can use this valuation against the appraisals given by the agents you are considering hiring to see how accurate the agents have been in their assessments. A good agent should be well aware of what similar houses in your area have sold for in recent months and can also access market analysis information that gives data on local properties that have sold or failed to sell, including the asking prices.
Ask your agent to go through this information (usually called a Comparative Market Analysis) with you to show how they have arrived at the price they are suggesting. The agent (and therefore you) will also need to consider market conditions in terms of buyer demand, interest rates, inflation rates and any other factors affecting the economy. If changes in the economy are influencing the way people are spending, the property market is likely to be effected in some way. Your potential buyers too, should also have a fair knowledge of your house’s worth, probably having seen every other house for sale in the area. Be aware however that it is in their interest to get it a lower price; so don’t feel pressured into accepting a low offer.
It is likely that you will receive varying recommended prices from the agents you invite to make appraisals. Don’t immediately take on the agent who gives you the highest price. Some agents use this as a tactic to attract more business, however if you list your house at an over valued price, it may lose you valuable time in making the sale. In the meantime, you may get desperate enough to drop your price thus giving the dishonest agent the fee for a sale that could have been made months ago by the fair practicing agent.
Aim for the right buyers
Once you have set the price for your house you need to aim to attract the buyers who are able to afford it. Some techniques may attract many people to view your home, but this does not necessarily mean they are the right people. For example, if your agent has listed your house in a price range which begins much lower than its true value (say from $400,000 when it is worth $450,000), the people who will be interested will be those hoping to pay only the lower amount. If you only have offers for the lower amount, you may eventually be persuaded to accept a much lower offer than you could have received if you had aimed at people who can afford the full price (or more).
Remember that attracting more viewers may give you more offers, but if you want to sell your house for what it’s worth you need to aim for people able to pay your price or above. Quality is certainly better than quantity when it comes to finding potential buyers. If you have a good agent and trust them to get you the highest possible price, be patient and wait for an offer you will be happy with.
What’s my profit?
Once you have a good idea of what your asking (or reserve) price will be, it’s time to sit down and do the figures. You will want to have as accurate an idea as possible what you’ll have left after everyone has been paid. Start with the lowest price you are willing to accept (though hopefully you will receive more than this) and take away the agent’s commission, advertising and marketing costs, conveyancing fees, improvement costs and moving and relocation expenses. If you intend to pay off your mortgage or another loan take away this amount too. If you are buying elsewhere, there’ll be many more expenses to take off as well, including the price of your new house, stamp duty, surveyors fees, conveyancing and so on.
All the Best!
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A guy comes home from work, walks into his bedroom, and finds a
stranger on top of his wife.
He says, “What the hell are you two doing?”
His wife turns to the stranger and says, “I told you he always asks
stupid questions.”
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US stocks fell sharply on Thursday, plagued by profit jitters. At one point, the Dow slid about 360 points to a 21-month low as oil hit a record and Wall Street powerhouse Goldman Sachs urged investors to sell bank and automaker shares on escalating concern about the outlook for profits.
Oil surged above US$140 a barrel in New York trading, amid fears that soaring inflation will hamper a global economy already on the ropes.
Investors found little to lift their spirits from the barrage of harsh news, and the three major US stock indexes fell 3 per cent. All 30 stocks in the Dow ended in the red.
That’s the stock market for you, ups and downs. You must be able to stomach such vacillations, or will you end up bruised and battered from the game.
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In wine there is wisdom, in beer there is freedom, in water there is
bacteria.
Old German Saying
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A very attractive young girl was about to enter the church in a topless dress when the vicar ran towards her.
“I’m very sorry, miss,” said the vicar, “but I cannot possibly allow you to go into Church like that.”
“But I have a divine right,” protested the young girl.
“Yes,” agreed the vicar, “buy you have a divine left too, but I still cannot let you into my church like that.”
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Can an ant move a coconut tree?
Perhaps it can… if it has “high hopes.” This image exemplifies the eternal optimist. The power of positive thinking, if only we could muster enough of it, we could move mountains.
You must have high hopes to trade successfully. Many people attempt to master the markets, but few achieve enduring success. If you don’t push yourself, you’ll never make it. But optimism has its time and place. There’s optimism on one hand and setting yourself up for failure on the other. It’s vital for your long term well being that you are optimistic but yet realistic.
One of the greatest obstacles that traders face is their own unrealistic expectations. If you set expectations too high, you’ll fail to meet them, and you’ll feel disappointed. Remember… you don’t control the markets. If you adjust your expectations to market conditions, it will do wonders for your overall mood.
Although a positive mindset can do wonders, it’s essential that you be flexible. It’s necessary to be realistic when setting goals. Research studies have shown time and time again that when we set goals that are too high, we fail, and give up. That’s why people can’t lose weight or keep New Year’s resolutions. They set goals that are impossible to achieve.
So remember to set realistic goals. All the Best!
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