Your Questions About Investing In Mutual Funds

Chris asks…

I am 21yr old software engineer earning Rs22,000 pm.I want to start investing in mutual funds.?

I have few questions regarding this.
1.Which one should I opt between Equity and Debt mutual funds?
2.Should I go for short-term investments or long-term investments?
3.MIPs or SIPs?

financi4 answers:

Answer to your question is as follows:

1.Which one should I opt between Equity and Debt mutual funds?

Investment in equity or debt is considered this way
Investment in Equity = 100 – your current age
so as you said your current age is 21 so investment in equity will be 100-21= 79% in Equity and 21% in debt.

2.Should I go for short-term investments or long-term investments?
It completely depend on you the kind of responsibilities you have in your life, considering no financial responsibilities at present in your life can think of going for long term investment

3.MIPs or SIPs?

MIP mainly are products which invest 80% in debt and 20% in Equity.
Considering your age it is not advisable to invest in MIP

SIP means systematic investment plan

…it is a method of investing a fixed sum, at a regular interval, in a mutual fund.
It is very similar to monthly saving schemes like a recurring monthly deposit / post office deposit

Advantages of Systematic Investment Planning

Encourages Regular Investments (just like recurring deposit
schemes)

A Convenient way to invest regularly
Lower initial investment without cutting into regular expense
Long term perspective
Rupee Cost Averaging Benefit to counter volatility – it brings down
the average cost of your Investments
No timing the market!!!
Meet investment objective with investment needs

http://mutual-funds-personalfin.blogspot.com/2010/08/systematic-investment-plan-sip.html

Donald asks…

I need to open roth ira account and will be investing in mutual funds. Firsttrade or scottrade?

After doing a lot of research I have narrowed down to firsttrade or scottrade. Which one would you suggest? Mostly I will be investing in mutual funds (Vanguard funds), sometimes stocks.
I don’t want to open with Vanguard because then I have to only buy their funds in future. They also have min requirements and other fees.

financi4 answers:

Scottrade has a pretty decent reputation and their mutual fund trading fees are among the lowest I have seen. Firsttrade is a new one to me. I have never heard of them. My IRA accounts are with TD Ameritrade, and they have proved reliable. Their fees are higher than Scottrade however.

Here is a thought. You can have as many IRA accounts with as many different mutual fund companies and stock brokers as you desire. The only stipulation is that you can not contribute more than $4000 a year. You can even move them from place to place although the broker you are moving from will likely charge you a fee for the move.

Joseph asks…

How do I start investing in Mutual funds in the Philippines?

Thank you very much for the answers!
They are very helpful!
Godbless!

financi4 answers:

Go to the website www.icap.com.ph

Investment Company Association of the
Philippines’ website

then select the top three performers based
on the 2007 year to date growth.

You might also want to invest in a variable universal life ( a product of Philamlife ). In a 12 month period ( June 2006 to June 2007 ), a 70+ percent growth in investment was recorded. If you need more info on this product, send me an e-mail.

Steven asks…

How does investing in real estate compares to investing in mutual funds?

I have $2,600 of monthly disposable income. I could buy a multifamily every year for a few years with a 10% down or I could put all of it in my 401k at work. What should I do? I don’t mind being a landlord and the work it entails as long as the returns are higher and worth the effort. Also, how much should I expect for a multifamily to appreciate if I keep it for 30 years.

financi4 answers:

If you’re close to retirement age (within 10-12 years), play it safe and go 401K. If you have time to get into real estate, go with the multifamily. Thirty years ago, home values were about a quarter of where they right now. So a $300K multifamily should be worth at least 1 million by 2038. Also, investing in property gives you the flexibility to take out equity later to leverage more properties. In a 401K, your money’s tied up, held in place from the fear of early penalties…

William asks…

What institution should a person begin investing in mutual funds?

Should it be with a brokerage, fund company or bank?

financi4 answers:

You don’t need a brokerage account unless you’re going to buy individual securities (stocks, ETFs, bonds, etc.). If you want to invest in mutual funds, go direct with a good no-load fund company (Vanguard, T. Rowe Price, Dodge & Cox, etc.). A bank is NOT the place to go.

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Your Questions About Which Of The Following Is Not A Part Of Comprehensive Income

Michael asks…

Help me with my health care policy aff! Please?

just say where you’d attack it, what suggestions you have, and thanks in advance for reading all this!

AFFORDABLE HEALTH CARE AFF

Poverty shouldn’t exist in the United States, one of the richest countries in the world. But it does. According to the US Census Bureau there are 45.7 million people that do not have insurance, 8.7 million of those being children. With us being one of the richest countries in the world we should be able to provide affordable access to health care for every individual in the United States, but we don’t. My partner and I stand resolved that the United States government should substantially increase social services for persons living under the poverty line in the United States. We offer the following plan.

Plank 1: Administration. The plan will be passed by U.S. Congress and implemented by a non-profit agency, so as not to give the government too much control.

Plank 2: Mandates. The federal government should only play a limited part in the health care reform, by providing subsidies in the form of grants to the non-profit agencies , providing 30% of their budget which will be paid for by the taxes that are collected for this program. And to support the program in any way necessary excluding extra funding beyond 30%..

Plank 3: Logistics. This plan will be executed by raising or introducing taxes in three different areas that contribute to the rising cost of health care. The taxes include a High Risk Factor Tax, a Fatty Food Restaurant Tax, and a Cigarette/Alcohol Tax. We will explain the taxes in more detail later in the plan.

Contention 1 – Inherency

A. The factors which influence health care costs are not understood by the majority of most Americans – including politicians. Controlling health care costs is not a matter of simply charging the patient less money and has ramifications in industries other than health care.

Wyn Staheli, President of InstaCode Institute, LLC said, * “Uninsured Americans are often uninsured because their employers don’t have enough funds to pay for comprehensive health insurance because the economy is down and health insurance premiums are soaring at phenomenal rates. These rate increases are being driven by malpractice, litigation (lawsuits) , and the resulting malpractice premiums that doctors are being required to pay after a successful, (or unsuccessful, however you choose to look at it lawsuit), which drives up the cost of overhead for the provider which is then passed along as increased rates to the patient or the insurance company. Also the cost of these procedures and all of these advances in medicine is more expensive as new technology comes to market the cost of research and development is passed on as increased costs for the procedure, for the procedure or the medication.”

*use this if neg asks about InstaCode Institute and what they do –
(InstaCode Institute provides billing and reimbursement support and solutions for health care providers.)

B. Existing federal programs do not catch the “middle class,” and “lower middle class” who make too much money for Medicaid or are too young for Medicare, excluding the V.A. (veteran’s program)

A New York Times article stated that, “More than one-third of the uninsured — 17 million of the nearly 47 million — have family incomes of $40,000 or more, according to the Employee Benefit Research Institute, a nonpartisan organization. More than two-thirds of the uninsured are in households with at least one full-time worker.”

C. Employees are not taking advantage of employer-based health insurance because even though the employer pays a portion of the premium, the employee may not have the funds to pay the remaining premium.

Consumers Union, a non-partisan, non-profit organization said this regarding employer insurance costs, “The single biggest challenge facing Utah’s small business owners today is the cost of providing health insurance for their employees. Employers want to provide health benefits, but the cost is just too high. 88% of Utah small businesses not offering health insurance say they don’t because they can’t afford to, while 79% of those who do offer it say they are really struggling to do so.”

Kaiser Health News, a nonprofit news organization committed to in-depth coverage of health care policy and politics said this about passing along premium increases to employees, “Employers struggling with the steady rise of health insurance costs – which in 2009 increased 5 percent to an average of $13,375 for family coverage — are passing on more of the expense to their workers through higher deductibles and co-payments, according to survey released today.”

D. Lack of transportation for people in poverty limits their access to medical care.

E. Medicaid funding has been severely cut back and there isn’t enough money for outreach programs for people living in poverty.
U.S. officials are having a difficult time
E. Medicaid funding has been severely cut back and there isn’t enough money for outreach programs for people living in poverty.
U.S. officials are having a difficult time determining why fraud is so high with these two programs; however, they suspect it may have something to do with the guidelines for filing a claim. For each file claimed, payment has to be made in 14 to 30 days. With Medicare only receiving upwards of 4.4 million claims each day, only 3 percent are reviewed. As a result, more than $10 billion was improperly paid in claims in the fiscal year ending Sept. 30, 2008.

States will have three options for making up the loss of federal Medicaid funds: 1) cutting back on their Medicaid programs by reducing eligibility (and thereby causing more low-income people to become uninsured), cutting back on health benefits, and/or reducing payments to providers (which already are lower than the payments that providers receive for treating most other patients); 2) cutting back on other
2) cutting back on other state programs and using those funds to replace the lost federal Medicaid dollars; or 3) raising taxes. In states that choose the first option, low-income families, individuals with disabilities, and seniors could be dropped from Medicaid entirely or could face increased out-of-pocket costs or restricted access to providers.

Contention 2 – Harms

A. Insurance companies now are able to deny coverage due to pre-existing conditions, will drop policy holders due to sickness, and increase premiums.

A New York Times article had this story concerning issues with pre-existing conditions, “Readling, a 50-year-old real estate agent, is one of nearly 47 million Americans with no health insurance. Increasingly, the problem affects members of the middle class, people like Readling, who said she made about $60,000 last year. As an independent contractor, like many real estate agents, Readling does not receive health benefits from an employer. She tried to buy a polic

financi4 answers:

Let me remind you that in this nation we do not rely on natural resources like other rich nations. We solely rely on our economy and production. Therefore who riches and the money used by our government comes directly from our tax money. I do not see why the government should SUPPLY health care to everyone with other people money. Mind you i do not have health insurance so you would think i fell in the category of supporters. Yet i do not.
Because in reality the main problem is greed and cost, but as usual our government instead of facing the real issue and fight it tries to find a way around it and do a patch work instead. And there is only one simple reason to that … Because every single politician has at least one hand in some lobbyist or great health company’s pocket. And everybody knows that you do not bite the hand that feeds you.
Stop charging thousands in premiums, stop paying high management millions of dollars in salaries, stop spending millions if not billions in adds and commercials promoting this or that brand of medication, stop abusing the system simply because you can and finally … Stop ripping off your own people because you are greedy.
THAT should do it … Now who has the cojones to face the music? … No one.

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Your Questions About Invest In Gold Mining Companies

James asks…

how to report scammers on yahoo mail?

HELLO & Greetings to you.

I am writing this letter in confidence believing that if it is the wish of God for you to help me and my family, God almighty will bless and reward you abundantly and you would never re-great this.

I am a female student from Burkina Faso University Teachings Hospitals (BUTH) Burkina Faso , Ouagadougou . My father died earlier eight months ago and left I and my junior brother behind. He was a king, which our town citizens titled him over sixteen years ago before his death. I was a princess to him and my mother is not literate enough to know my father’s entire wealth.

He left the sum of USD $4.350.000.00US dollars. In a security company, this money was annually paid into my late fathers account from the Gold mining company and Colton processing Company operating in our locality for the compensation of youth and community development in our jurisdiction.

I don’t know somewhere in abroad to invest the money so that my father’s kindred will not take over what belongs to my father and our family because I’m a female according to our African tradition.

Now, I urgently need your humble assistance to move this money from the security company to your bank account that is why I felt happy when I saw your contact because o strongly believe that by the grace of God, you will help me invest this money wisely. I am ready to pay 20% of the total amount to you if you can help us in this transaction and another 10% interest of annual after Income to you, for handling this transaction for us, which you will strongly have absolute control over. If you can handle this project sincerely and also willing to assist me in lifting this money to your country, kindly reach me.

Please, note that this transaction is 100% risk free and I hope to start the transaction as quick as possible, I will send you my photograph as soon as I hear from you
Yours sincerely,
Princess. Joy Zengo
“Joy Zengo”
these people got no conscience! they try everything to get something form anyone!i hate scammers!please do something to stop this yahoo mail….

financi4 answers:

I would like to stop them too. You can report ths to the IC3. It will help them know internet scam trends. Go to http://www.ic3.gov/default.aspx

George asks…

Pick a company to invest $10k in US stock market gold/silver sector?

How do I pick one company over another? My goal is to sell at $15,000, whenever that happens. I don’t need to money to live on – I have a good job, so I can be speculative.

For example, how would I go about comparing PAAS (Pan American Silver Corp) to MGN (Mines Management Inc)? I have access to charts, funamentals, earnings, etc. Is one better than the other? Are they both bad?

Does another company in the sector outshine the rest somehow?
Thanks, all. Lots of solid advice all around. Wish I could dole out points to several – Paducahbill and others. Cheers!

financi4 answers:

A 50% return in anything less than 5 years is an unrealistic goal.

Selecting a sector for investment that is currently hitting multi-decade highs is setting yourself for momentum chasing that is bound to end badly.

Charting and technical analysis is a waste of time, when it works at all it is only ever at the margin (and it is frequently, seriously, wrong).

Fundamental analysis is much more valuable but it is also something that cannot be easily summarized in a format like this one. At a minimum, you must have a clear understanding of profit and cash statements, a feel for the management of the company, and a foundation in financial strength/soundness and a margin of safety.

I would recommend, at least, scanning these books for insight:

The Only Investment Guide You’ll Ever Need ~ Andrew Tobias
Your Money and Your Brain ~ ~ Jason Zweig
The Only Three Questions That Count~ Ken Fisher
Common Stocks and Uncommon Profits and Other Writings ~ Philip A. Fisher
Stocks for the Long Run ~ Jeremy Siegel
The Black Swan ~ Nassim Nicholas Taleb
Mr. Market Miscalculates ~ James Grant
Tomorrow’s Gold ~ Marc Faber

Part of the point of this list is that these experts do not agree. Some of them fiercely disagree with each other. Something to keep in mind before putting any of your hard earned money at risk.

William asks…

Out of these companies, wich would be best to invest in?

A.B.C. LEARNING CENTRES LIMITED ABS
AGL ENERGY LIMITED AGK
AUSTRALIAN INFRASTRUCTURE FUND AIX
AMCOR LIMITED AMC
AMP LIMITED AMP
ANSELL LIMITED ANN
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED ANZ
ARROW ENERGY LIMITED AOE
AUSTAL LIMITED ASB
ASX LIMITED ASX
AWB LIMITED AWB
ALUMINA LIMITED AWC
AXA ASIA PACIFIC HOLDINGS LIMITED AXA
BILLABONG INTERNATIONAL LIMITED BBG
BABCOCK & BROWN WIND PARTNERS GROUP BBW
BENDIGO AND ADELAIDE BANK LIMITED BEN
BHP BILLITON LIMITED BHP
BRADKEN LIMITED BKN
BORAL LIMITED. BLD
BOART LONGYEAR LIMITED BLY
BLUESCOPE STEEL LIMITED BSL
BUNNINGS WAREHOUSE PROPERTY TRUST BWP
BRAMBLES LIMITED BXB
CABCHARGE AUSTRALIA LIMITED CAB
COMMONWEALTH BANK OF AUSTRALIA. CBA
COCA-COLA AMATIL LIMITED CCL
CHALLENGER FINANCIAL SERVICES GROUP LIMITED CGF
COCHLEAR LIMITED COH
COMPUTERSHARE LIMITED. CPU
CSL LIMITED CSL
CSR LIMITED CSR
CALTEX AUSTRALIA LIMITED CTX
DAVID JONES LIMITED DJS
DOWNER EDI LIMITED DOW
DEXUS PROPERTY GROUP DXS
ENERGY DEVELOPMENTS LIMITED ENE
ENERGY RESOURCES OF AUSTRALIA LIMITED ERA
FUTURIS CORPORATION LIMITED FCL
FOSTER’S GROUP LIMITED FGL
FORTESCUE METALS GROUP LTD FMG
FAIRFAX MEDIA LIMITED FXJ
GEODYNAMICS LIMITED GDY
GOODMAN FIELDER LIMITED. GFF
GUNNS LIMITED GNS
HEALTHSCOPE LIMITED HSP
HARVEY NORMAN HOLDINGS LIMITED HVN
ING INDUSTRIAL FUND IIF
IINET LIMITED IIN
IRESS MARKET TECHNOLOGY LIMITED IRE
JB HI-FI LIMITED JBH
JAMES HARDIE INDUSTRIES N.V. JHX
LEIGHTON HOLDINGS LIMITED LEI
LIHIR GOLD LIMITED. LGL
LEND LEASE CORPORATION LIMITED LLC
LION NATHAN LIMITED LNN
MACQUARIE AIRPORTS MAP
MACARTHUR COAL LIMITED MCC
MIRVAC GROUP MGR
MONADELPHOUS GROUP LIMITED MND
MACQUARIE GROUP LIMITED MQG
MYOB LIMITED MYO
NATIONAL AUSTRALIA BANK LIMITED NAB
NEWCREST MINING LIMITED NCM
NEWS CORPORATION NWS
ORIGIN ENERGY LIMITED ORG
ORICA LIMITED ORI
OIL SEARCH LIMITED OSH
OZ MINERALS LIMITED OZL
PALADIN ENERGY LTD PDN
PERPETUAL LIMITED PPT
PAPERLINX LIMITED PPX
QANTAS AIRWAYS LIMITED QAN
QBE INSURANCE GROUP LIMITED QBE
RAMSAY HEALTH CARE LIMITED RHC
RIO TINTO LIMITED RIO
RESMED INC RMD
SEEK LIMITED SEK
SIMS GROUP LIMITED. SGM
STOCKLAND SGP
SINGAPORE TELECOMMUNICATIONS LIMITED. SGT
SONIC HEALTHCARE LIMITED SHL
SIGMA PHARMACEUTICALS LIMITED SIP
SPARK INFRASTRUCTURE GROUP SKI
SILEX SYSTEMS LIMITED SLX
SANTOS LIMITED STO
SUNCORP-METWAY LIMITED. SUN
TABCORP HOLDINGS LIMITED TAH
TEN NETWORK HOLDINGS LIMITED TEN
TELSTRA CORPORATION LIMITED. TLS
TOLL HOLDINGS LIMITED TOL
THE REJECT SHOP LIMITED TRS
TATTS GROUP LIMITED TTS
WEST AUSTRALIAN NEWSPAPERS HOLDINGS LIMITED WAN
WESTPAC BANKING CORPORATION WBC
WESTFIELD GROUP WDC
WESFARMERS LIMITED WES
WORLEYPARSONS LIMITED WOR
WOOLWORTHS LIMITED WOW
WOODSIDE PETROLEUM LIMITED WPL
WOTIF.COM HOLDINGS LIMITED

financi4 answers:

Not one of them are good…there is one that is good, but some how you missed it on your list…I’ve made thousands of dollars from investing in it. The name of it is…………………………………

Ken asks…

what do you make of this email i just recieved?????

Dear Friend,

I am writing this letter in confidence believing that if it is the wish of Allah for you to help me and my family, Allah will bless and reward you abundantly and you would never regret this.My family and I are true moslems and worship Allah truthfully.

I got your contact during my search for this assistance. I am a female student from University Burkina Faso, Ouaga. I am 23yrs old. I’d like any person who can be caring, loving and home oriented.I will love to have a long-term relationship with you and to know more about you.

I would like to build up a solid foundation with you in time coming if you can be able to help me in this transaction. Well,my father died last year and left I and my junior brother behind. He was a king, which our town citizens titled him over sixteen years before his death.
I was a princess to him and I am the only person who can take care of his wealth now because my junior brother is still young and my mother is not literate enough to know all my father’s wealth. He left the sum of USD 7.5M (Seven Million, Five Hundred Thousand USDollars)in a Vault House.This money was annually paid to my late father from gold mining development company(spdc)and chevronoil company operating in our locality for the compensation of youth and community development in our jurisdiction.

I don’t know how and what I will do to invest this money somewhere in abroad, so that my father’s kindred will not take over what belongs to my father and our family, which they were planning to do without my consent because I am a female as stated by our culture in the town.

Now,I urgently need your humble assistance to move this money from the security company to your bank account, That is why I felt happy when I saw your contact because I strongly believe that by the grace of Allah, you will help me invest this money wisely. I am ready to pay 30% of the total amount to you if you help us in this transaction and another 10% interest of Annual After Income to you, for handling this transaction for us,which you will strongly have absolute control over it.

If you can handle this project sincerely and also willing to assist me in lifting this fund, kindly reach me.Please, note that this transaction is 100% risk free and I hope to commence the transaction as quick as possible,I will send you my picture as soon as I hear from you for recognition.

contact me through my e-mail: faisatfarouk@yahoo.com

Hope to read from you soon.
Yours Faithfully,
FAISAT FAROUK
lol nowadays people are sayin they are islamic just to get a bit of money

financi4 answers:

It’s a scam.

People nowadays will say ANYTHING to get moneys.

David asks…

When I purchase shares, what will happen to the price of them in general if differant things happen?

to be completely honest, i’m realy carefull and cheap and stuff, Lol, but I would like to do this anyway.

will the price of these shares go up or down, and for what reason if:

a) the computer company i invested in gains a larger share of the international market,

b) company tax gets pumped up

c) alot of iron mining companies, and not just mine (damn) discover a whole lot of gold

d) alot of companies in general in the sharemarket report that they made losses in the last financial year

e) businesses everywhere and not just mine are all confident and optimistic for the future and decide they want to grow and stuff

financi4 answers:

Share prices go up and down every day for all kinds of reasons – by the time you read about anything major – the big sock traders already know about it and the stock price will have already changed for the good or bad – they are not meant to be bought for short term speculation – if you want to buy a good stock – look for one that pays a dividend – then you get income – which you can reinvest for more shares, plus a more level / slower price appreciation – utility stocks are usually pretty good like that

Mark asks…

What happened to this company?

I was convinced to invest a bit of money in a penny stock 1-2 years ago. The company was a holding company, which one aspect was a mining company who supposedly found a bunch of gold in a previously abandoned mine.

The company was called Tristar Holdings (TSHL.PK). I purchased like 300K shares. The stock bounced around for a bit, but never really went anywhere. Then the company did a reverse split, and my ~300K shares are now numbering at about 7000 shares. When this happened they also changed their name to Macada Holdings (MCDA.PK).

Macada’s focus seems to be on a line of beauty products.

My question is, what happened to the gold? Did the company abandon the mining? Did the mining company split off?
A co-worker of mine came in one day talking about all this gold they found. I’m not sure how he found out about them. I really should have researched more, but the amount of money was fairly low, and I considered it like I would gambling. I had the money to blow, and had little to no expectation of return.

So now my question would be, what should I do with my $30 worth of stock… it’s worth 1/10th of what I gave for it now, and the fee for me to sell it with Fidelity is $15…

I’m figuring I should just hold on to it… It’s basically a loss at this point, so any gain would be welcome but not expected.

financi4 answers:

You might have a bigger question to ask: Who convinced you to invest in this stock, and why?

Just a bit over a month ago, the SEC filed suit against Macada and Tristar’s CEO for an alleged kickback scheme. Read about it in the pdf at the link listed below.

It gets even more bizarre. Remember Larry Wilcox, who played “Jon” in the NBC television show CHiPs back around 30 years ago? He’s named as a co-defendant in this lawsuit.

I’m not even going to speculate on what happened to the gold mining or whether there ever really was any.

Chris asks…

What do you own when you buy Gold?

I was just thinking about it on my way work when on the radio it said that gold was up to a new high. So I know that when I buy a stock, I am buying a specific company. Am I buying gold or the right to some gold?

Even that doesn’t make sense because there are businesses that mine the gold. To me, this is like buying ‘car’ but then what do I own? Cars? I wouldn’t think so. I would think that if I want to buy cars then I would invest in Ford, Toyota, or Nissan or something like that.

So what does ‘buying gold‘ mean?

financi4 answers:

Buying gold means buying actual physical metal. There’re a numbers of ways to buy gold. You can buy futures contracts, which give you the right to get actual metal at contract’s expiration. You can invest in a gold ETF (exchange traded fund) such as GLD in the US, which buys physical metal, but it gives you, the retail investor, a convienient way to invest in gold as you don’t have to worry about storage, expiration, insurance and etc. You can also buy gold coins, gold ingots (bars).

Investing in a gold mining company is a little different, as you take on additional company risk (the risk that the company goes bust and etc), but at the same time get a leveraged exposure to changes in gold price. That is, say it costs a mining company $300 to mine an oz. Of gold and the market price is $400. It means that the company is making $100 profit. Now, the gold price rises to $800, that’s a 100% rise (400 to 800), but it still costs $300 to mine gold, so the company’s profits rise to $500, which is a 400% increase.

Robert asks…

Is this Yahoo email a hoax?

I got this email from yahoo, but have no idea why;

Event Details
Host: p_sharon03
Date: Saturday 5 September 2009
Time: 15:00 – 16:00 (GMT +00:00)
Street: Hello and greeting to you Please kindly accept my apology for sending you this email without your consent. I write to ask for your kind assistance to be our foreign business partner. I am a student from Burkina Faso University Teachings Hospitals (BUTH) Burkina Faso , Ouagadougou . I am 23 yrs old. I’d like any person who can be caring and loving; I will also love to have a long-term relationship with you and to know more about you. I would like to build up a solid foundation with you in time coming if you can be able to help me in this project; My father died earlier eight months ago and left I and my junior brother behind. He was a king, which our town citizens titled him over sixteen years before his death. I was a princess to him and I am the only person who can take care of his wealth as a princess to him according to our African tradition now because my junior brother is still young and my mother is not educated enough to know all my father’s wealth. Now this is why i contacted you, My late father left behind the sum of $980.000.00US dollars.(nine hundred and eighty thousand United State Dollars) in a security company. This money was annually paid into my late fathers account from the Gold mining and the Cotton processing companies operating in our community for the compensation of using our land. I don’t know how and what I will do to invest this money somewhere in abroad so that my father’s kindred will not take over what belongs to my father and our family, which they were planning to do without my present because I am a female as stated by our culture in the town. Now, I urgently need your humble assistance to move this money from the security company to your bank account, That is why I felt happy when I saw your contact because I strongly believe that by his special grace you will help me and my family invest this money wisely in your country. I am ready to pay 20% of the total amount to you if you help us in this transaction and another 10% interest of annual income to you for handling this transaction for us, which you will strongly have absolute control over. If you can handle this project sincerely and also willing to assist me in lifting this money to your country, and take note that these no risk involved in this transaction and I assured your security and for that reason i would like you to visit my country so that you will see things yourself, I believe you are sincere and highly respected considering the truth that I sourced your email from the peoples search data web during my search for a foreign partner whom can assist us in taking this business to its success. I look forward to hearing from you.Yours sincerely,Princess Sharon

I have NO CLUE who princess Sharron is, and NO WAY am I attending. But why did I get this email from Yahoo????

financi4 answers:

It is a SCAM just hit the SPAM button. Do not open emails like this it just confirms your email address and you will get a lot more spam. Never give out your personal info to any of these places. It is a phishing scam. Hope this helps!!!
You can report this fill out the phishing form below.
Http://help.yahoo.com/l/us/yahoo/security/phishing/phishing-110141.html
Forward the email to.
Phishing@cc.yahoo-inc.com.

Donald asks…

Discuss whether Gigi and Ron are behaving in a professional manner.?

Gigi Liken and Ron Bobo are organizing Gold Unlimited Inc. to undertake a high-risk goldmining venture in Canada. Gigi and Ron tentatively plan to request authorization for 75,000,000 shares of common stock to be sold to the general public. Gigi and Ron have decided to establish par of $1 per share in order to appeal to a wide variety of potential investors. Gigi and Ron feel that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a “bargain” price.

Discuss whether Gigi and Ron are behaving in a professional manner

financi4 answers:

I think they need to ask their lawyer for advice before they do anything. Why is this question in horseracing?

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Retirement Planner: Investing options for the long run

Retirement Planner: Investing options for the long run

Believe it or not, some people have lost confidence in the stock market, and the recent net outflow from equity mutual funds reflects this collective feeling. Some may be spending or investing their money elsewhere for reasons that make perfect sense
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Your Questions About Invest In Gold Mining Companies

Thomas asks…

What do you think the share price could reach?

I invested £5k in Archipelago Resources (AR.).

News…

Archipelago is pleased to announce that it has poured first gold at it’s 95% owned Toka Tindung Gold Project in North Sulawasi, Indonesia (“the Project”).

This milestone marks the commencement of production at the Project. It was achieved one day after the target date of the end of March 2011 and within the project finance budget.

While some construction activities not essential to the first gold pour remain to be completed at or peripheral to the processing site, all of the major items of ore processing equipment have been successfully commissioned including the oversized crusher and mills acquired from the El Tambo gold mine in Chile. The plant is operating in line with expectations for start-up and throughput will be steadily increased in accordance with the Company’s ramp up schedule.

The mining operation is well advanced despite substantial recent rainfall and the Company currently has approximately 85,000 tonnes of ‘run of mine’ (“ROM”) ore, currently representing approximately 3 weeks production, stockpiled on the crusher ROM pad.

Doré ingots comprising approximately 70% gold and 30% silver will be produced in the gold room at site and shipped to the LME certified Logam Mulia refinery in Jakarta, where refined gold of 99.99% purity and silver of 99.9% purity is produced.

The Toka Tindung Gold Project has a resource of 1.7 million ounces of which 1.1m will be minable by way of open pit mining. It is targeting production of 110,000 ozs of gold equivalent in calendar year 2011, with an annual average production of 160,000 ozs of gold equivalent over the first 6 years of the initial 8 year project life.

As previously reported, the Company will spend US$30m of project generated cash on an exploration program to be undertaken over the next two years. The number of drill rigs will double from 2 to 4 in the second quarter and the first batch of assay results are expected to be available and approved for release in early Q2 2011.

Mr Loosemore, Managing Director and CEO of Archipelago, commented:-

“The first gold pour marks the final step in Archipelago’s transformation from an exploration and development company into a production company. We are very pleased to have reached this milestone close to target which is testament to the extraordinary hard work of our employees and contractors at Toka Tindung in challenging climatic conditions. We will continue to work diligently to ensure a successful ramp up to full production, as well as expand our asset base through a major exploration campaign.”

I have a good feeling that this could make a lot of investors happy.

What do you think? Have I bought at the right time??

financi4 answers:

The problem with news like this is that it usually is published well after the investment community and insiders have known about it. That typically means that the price of the stock has already priced in that news and you will need to see what the next few press releases of 10Q’s have to say to see if there is continued good news before you see much of a bump in the share price.

Having said that, it sounds like this company is moving in the direction it feels it needs to go and is on schedule to do so. If you hang on for the ride, I hope you make lots of money. Good luck!

Daniel asks…

Otoy and AMD, on Cloud Computing..?

Im looking to invest in Cloud Computing as i know it will soon be Gold MIne. Through my reserch i belive otoy is my best choice. (If you disagree please tell). My question is which do i invest in AMD or otoy. And if otoy, how do i go about investing in it?

Also, if you think theres a better Cloud Computing company out there, please mention.

financi4 answers:

George Gilder has been the leading investor in OTOY. He has a message board that you can contact him on called the Telecosm Forum.

Http://www.gildertech.com/contactus.html

http://www.forbes.com/forbes/2009/1102/technology-otoy-videogames-software-game-changer.html

Chris asks…

Should I sell or should I rent?

My previous question was not clear. Now I will make clear to you because I never hide anything.
I have an old house. Should I rent it or should I sell it?
I think that in today economy the worth of houses like mine are much smaller (in money) compared to its real worth.
The house is selling together with the land. The investor wants to ruin my house entirely and to build new house. Not only they want to ruin my house but they want to ruin the house near me.
Investors want land, not houses. I would be happy to find some person that will buy the house for living and not for ruining.
Some people think that my house is worthless. Yet, some think that is gem of the house.
For me, the house is family treasure. It is very well build, although old.
When I asked my mother about the house, she said to me:
” son, if you want you can live there and create family. If you want we can sell it or if you want we can rent it.
We are in doubt what to do. I am not married and I do not have such income to pay the bills of the house. Also, the house is not entirely ours so if sell it, we will not receive the full amount of money.
It is good house for whole family, that is to say, husband, wife, children and old parents.
But, because I do not have such family and because our modest flat is enough for me and for my mom, we do not need so large house.
I think that money invested in property worth more than money in cash.
Some people invest in gold and for us our house is golden.
However, living in house requires constant working and paying the bills. I think that I am not able to make enough income to support whole family (that I do not have) in such house.
In one word, I am afraid or responsibility of having wife and living in big house. I am not sure that I can provide for bills.
Our house is too big and our flat is too small. Maybe the best solution for me is to sell the house and with part of such money to buy smaller apartment and to have enough for bills.
yes, I have to admit that sometimes I had hopes to live in such house with wife that will love me
But, my sweetheart has left me and made such fool of me and now I do not need such house.
Some people like to insult others and in return to have everything waiting for them. For example, for my sweetheart my house is too old, for her I am not good enough.
One thing I am not able to understand: while some ladies from Russia dream of such house, of love songs and movies and of somebody who will wait for them, for my sweetheart nothing is good enough. She thinks: some people have better houses, some people have university degree and some people are presidents of large companies. She thinks: “From all that rich people waiting for me, how I find this unemployed idiot?”

financi4 answers:

You seemed to have gone a bit off topic here about your sweetheart, but I understand. If it were me, and I was in that situation, I would rent the place out. Godged has a point about the expense of the up-keep of the place. The benefit of being a small time landlord is if you have some handy-man skills to reduce the up-keep and maintenance cost of the building. I don’t see why it matters to you what a new buyer is going to do with the place as long as you get your money’s worth out of it. I don’t know where you are living, Russia? Or what the real estate situation is where you live, if you think property values will go up where you are living, it may make sense to hold on to the place and rent it out. The headaches are bad tenants who are late with the rent and if you can even get the place rented at all. If it does not get rented, you are paying for two places. You may have to put money into the place just to get it rented, depending on the condition the place is in.

Richard asks…

Have I made the right investment choice? I’m 21?

I received an inheritance and invested in the following ways:

I obviously thoroughly researched each company first,
I invested the following:

$10,000 woolworths

$10,000 Coca Cola

$5,000 berkshire hathaway

around $3,000 invested in other gold mining / grocery / oil / liquor companies.

around $2,500 gold coins.

I have another $5,000 invested in a family business.

I have $10,000 left in savings,

People are saying I have wasted my inheritance, (family)

not careful with money, sure I spent a few thousand on items I needed to replace first, (car, debts etc)

help me out here, what do you think? have I made bad choices?

financi4 answers:

You did pretty well I feel. Coke and BH are solid. Woolworths I’m not sure about, only that they died in the US over a decade ago. Gold coins, you might be safe for about a year, but as soon as the economy starts turning around, sell about half, because it has a habit of crashing in good markets. Since you have no debt, keep about 8 months of cash for emergency, and put the rest in rotating CD’s.

Mark asks…

Is this a smart investment?

Right now I have made around 25,000 dollars off of SecondLife.com.I plan to invest 15,000 dollars in green energy stocks and also in Northrop Grumman stocks. Me and my father and friend will each ask the Royal Canadian Bank each a 35,000 dollar loan so that we can buy off the shares of Barrick Gold Corporation investors as well as ZENON Environmental. Then I plan to open a Media,Real Estate,Medical,Oil/Gas,Mining, Empire. My dream is to start a Weapon Manufacturing company. So what are your opinions. Will this work?

financi4 answers:

You, your father and friend should continue investing in the stock market. Professional investors couldn’t make it without guy like you. Good luck…..

George asks…

Can anyone answer these HISTORY questions!? Please help!?

1. By 1910, the state of Washington was no longer predominantly rural. Which of the following best describes what this means? (Points : 2)
More people lived in rural areas than in towns or cities.
More people were moving into the state than out of it.
More people lived in cities or towns than in rural areas.
None of the above

2. What city did the Northern Pacific railroad choose for its terminus in 1873? (Points : 2)
Seattle
Tacoma
Pasco
Spokane

3. Which of the following was not a way that the railroad prompted growth in the Pacific Northwest? (Points : 2)
It made resources more accessible.
It created new jobs.
It ended the system of free land for settlers.
It brought new settlers.

4. The __________ was most responsible for the ethnic diversity that developed in Washington during the years of growth. (Points : 2)
railroad
Wobblies
Knights of Labor
Weyerhaeuser Timber Company

5. Which of the following led to the most significant differences within Washington society during the years of growth? (Points : 2)
The city of Seattle rebuilt after a catastrophic fire.
Class inequalities between rich and poor grew wider.
The city of Tacoma obtained a railroad terminus.
Coal was discovered in the Cascades.

6. Which of the following was not a major industry in Washington during the years of growth? (Points : 2)
education
lumber
mining
fishing

7. Which of the following best describes the nature of changes in Washington industries during the years of growth? (Points : 2)
All new industries took over in the area.
The old industries were run by individual business people.
The state experienced a mix of old and new industries.
The old industries were taken over by large corporations.

8. Which of the following best describes growth in the eastern half of Washington? (Points : 2)
Growth was rapid because settlers wanted to build homes on the good land.
Growth took off when East Coast bankers invested in the area’s traditional industries.
Growth was tied largely to the railroad and mining discoveries in the mountains of Idaho.
All of the above

9. Which of the following contributed the most to the rapid growth of Spokane? (Points : 2)
discovery of coal in the Cascades
discovery of gold in Idaho
development of wheat agriculture in the Columbia River Basin
establishment of a lumber mill

10. Which of the following best describes growth in the western half of Washington? (Points : 2)
Growth was rapid.
Growth led some cities to reshape the geography of their surroundings.
Growth brought many new opportunities, but also led to new social problems.
All of the above

11. Which of the following contributed the most to the rapid growth of Seattle? (Points : 2)
farming
shipping
Klondike gold rush
both A and B

12. Which of the following was a city that began as a sawmill and became the largest city in eastern Washington? (Points : 2)
Tacoma
Walla Walla
Pasco
Spokane

13. Which of the following was not a legal form of discrimination against Chinese workers? (Points : 2)
Chinese workers could not immigrate to the United States after 1882.
Chinese living in the United States could not become citizens.
Chinese could not own property.
Chinese were forcibly expelled from Tacoma.

14. What main event changed the feelings toward Chinese workers in Washington? (Points : 2)
Rock Springs Massacre
formation of the Knights of Labor
completion of the Northern Pacific Railroad
Chinese Exclusion Act

15. What was not a reason used by the Knights of Labor for targeting Chinese workers? (Points : 2)
The Chinese Exclusion Act
They said the Chinese were of an inferior race.
They thought Chinese workers took their jobs.
They believed Chinese workers drove down wages.

Can anyone answer ANY of these questions so I can check them to my answers?

financi4 answers:

I PUT YOUR ANSWERS IN A,B,C,D ORDER AND NO. 1-A,2,A,3,D,4,A,5,A,6,A,7,A,8,F,9,D,10,D,11,D12,A,13,C,14,C.15,C THESE ARE MY ANSWERS

Donald asks…

10 Multiple Choice History Questions! Need help?

1. By 1910, the state of Washington was no longer predominantly rural. Which of the following best describes what this means? (Points: 2)
More people lived in rural areas than in towns or cities.
More people were moving into the state than out of it.
More people lived in cities or towns than in rural areas.
None of the above

2. What city did the Northern Pacific railroad choose for its terminus in 1873? (Points: 2)
Seattle
Tacoma
Pasco
Spokane

3. Which of the following was not a way that the railroad prompted growth in the Pacific Northwest? (Points: 2)
It made resources more accessible.
It created new jobs.
It ended the system of free land for settlers.
It brought new settlers.

4. The __________ was most responsible for the ethnic diversity that developed in Washington during the years of growth. (Points: 2)
railroad
Wobblies
Knights of Labor
Weyerhaeuser Timber Company

5. Which of the following led to the most significant differences within Washington society during the years of growth? (Points: 2)
The city of Seattle rebuilt after a catastrophic fire.
Class inequalities between rich and poor grew wider.
The city of Tacoma obtained a railroad terminus.
Coal was discovered in the Cascades.

6. Which of the following was not a major industry in Washington during the years of growth? (Points: 2)
education
lumber
mining
fishing

7. Which of the following best describes the nature of changes in Washington industries during the years of growth? (Points: 2)
All new industries took over in the area.
The old industries were run by individual business people.
The state experienced a mix of old and new industries.
The old industries were taken over by large corporations.

8. Which of the following best describes growth in the eastern half of Washington? (Points: 2)
Growth was rapid because settlers wanted to build homes on the good land.
Growth took off when East Coast bankers invested in the area’s traditional industries.
Growth was tied largely to the railroad and mining discoveries in the mountains of Idaho.
All of the above

9. Which of the following contributed the most to the rapid growth of Spokane? (Points: 2)
discovery of coal in the Cascades
discovery of gold in Idaho
development of wheat agriculture in the Columbia River Basin
establishment of a lumber mill

10. Which of the following best describes growth in the western half of Washington? (Points: 2)
Growth was rapid.
Growth led some cities to reshape the geography of their surroundings.
Growth brought many new opportunities, but also led to new social problems.
All of the above

financi4 answers:

Help is not doing your work for you. Why you dont give it a try and we can review them? If you dont give it a try there is no way you are going to learn the necessary skills to pass the tests during the semester. Besides, we would be doing you a diservice, because this is information you will need as you keep on going up to higher placement grades.

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Your Questions About Stocks And Bonds Basics

Robert asks…

Reading a Company’s Annual Report at an Investor’s Standpoint?

I am young and new to investing, especially in the stock market. I have to admit that I have not yet gain broader principles and tactics on investing other than the basics, nor that I have the necessary capital to risk in investing an any other securities that aren’t as protective as cash equivalencies (money market account, savings bond, certificate of deposits, etc) but I am ready to do extensive research on companies I’m willing to invest in. And my research had lead me to a company’s annual report.

I had a glimpse of my potential company’s annual report, but man, it was longer than I anticipated. In addition, I don’t know exactly how I’m suppose to ‘go about’ analyzing the information in it. Although not left in the dark, I was overwhelmed.

Can somebody give me some pointers in deciphering an annual report? Other than the obvious, could someone advise me on what areas of an annual report that fundamental investors strongly considers looking at over the rest?
Okay, ANY kind of help would suffice.

financi4 answers:

The Annual Report, or 10-K in investor parlance, is the summary of the company’s operating performance in a given year. The first page of any annual report (apart from the glossy marketing material) is a standard page identifying the dates that are covered, the number of outstanding of shares, and the given value of the shares.

It is generally useful to have a minimum of 5 annual reports for a given company: the 10-k of the given year, the 10-k from some prior year (best if it was an especially tough last year), the 10-k of a competitor from the same year and also from another prior year, and a 10-k from a company that does business with your company.

Why so much reading? The point is to get a perspective on how the company is doing business. The annual report typically has a section called the MD&A, or manager’s discussion and analysis. Read this! It gives an idea of what the numbers mean in the given economic enviroment (or at least, it should make things clearer…what is management considering, reporting, etc?)

The next section of real importance is the financial numbers: look for the balance sheet (and look sharply at the numbers!). Does the company carry a lot of debt? Does the company have adequate credit? What assets are being claimed? (lots of accounts payable in liabilities? Lots of accounts receivable and little cash? Etc.)

Then, turn your eyes to the Income Statement. How is the company making money? Do you know the company’s model? Strategic advantage, or ‘edge’? Do the numbers make sense? (Here is where having prior statements helps, or having a competitor’s statement helps.) If the company says it will grow earnings by 20%…is this claimed by its competitors as well? Maybe the whole market is growing (excellent!) Or maybe the market is shrinking, but this company is tough as nails.

Finally, check the Cash Flows. Though this is a short-sighted look at a company’s operations, many investors like to see this because it is hard to really cloud the cash picture. You either have cash, or you don’t.

Start by reading a book like “Financial Intelligence.” It will help you go through more of the finer points of the annual report. Look on www.footnoted.org, the lady there has an excellent book on reading annual reports/quarterlies and spotting financial ‘red flags.’ Michelle Leder’s “Financial Fine Print” is excellent.

Then, look at your company’s “footnotes.” Remember always that the annual report is a “PR communication” from the CEO / management to investors.**Think critically!

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