Learning How to Read the Stock Market Lingo

Posted by Sheryl Bocelli | Investing | Thursday 13 August 2009 5:04 am
by Sheryl Bocelli

Every investor and trader must learn how to read the stock market signals and symbols for him to understand the lingo of the industry. The exchange market covers various sectors and has various commodities to consider and be familiar with. Trading is the focal point of the business. It may involve buying or selling of stocks to be executed in a certain sector of a marketplace where products offered come in the form of stocks, bonds, securities, and many more which are usually intangibles. For a simplistic view, all these goods or products offered in the marketplace are popularly referred to as stocks, actually refers to ownership rights in a company.

Stocks play a vital role and produces considerable impact to the status of the company owning them. In reality, the stock market is the physical representation and reflection of the recent condition of the economy. Whatever is the status of the economy always affects the exchange business. The industry is one kind that is among the first to be affected always in any economic change due to price fluctuations of commodities at stake.

The valuable indicators that can influence players of the exchange in executing their trade moves are reflected on these trading tools. The techniques which are involved in charting vary for each trader or investors ease and convenience which is always relative to any trader or investor. Any trader or investor in this business is presumed to understand and know how to read the stock market charts, the most important trading tools.

It is of utmost necessity for a trader or investor to learn how to read the stock market chart in order to understand the dramatic changes of the exchange. Charting is an art that can be developed into a skill by any good trader. Any type of chart is important for technical analysis and very influential in creating execution strategies on the trade floor.

Charting is an opportunity you can avail to practice and learn online. If you want to perfect your charting skills, you can check on websites that provide free charts for your practice online and analysis. You will be confronted with the names, numbers, codes, signals and symbols of the stock screens for in that way you learn how to read the stock market.

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What Are Self Help Evictions

Posted by Fred Stiles | Real estate | Thursday 13 August 2009 4:56 am
by Fred Stiles

If you take the law into your own hands to evict your tenant, that is what self help eviction is. You must not do this. You must go through the courts to evict a tenant.

A self help eviction is any one of the following actions to remove a non-paying tenant from your home: changing the locks to prevent the tenant from entering your property, threatening the tenant, turning off vital utility services, and remove a tenant’s personal property.

Never threaten self help eviction in order to get the non-paying tenant out. You can not threaten a tenant with changing the locks or shutting off the phone. Almost every state has statutes that prohibit threats of self help eviction.

If you have to go to court because you engaged in a self help eviction or threatened a self help eviction, the judge does not care that the tenant was behind on his rent. If the tenant is in possession of the premises and you now what him out but he refuses to leave, you simply must go through the correct eviction process with the court.

Do not even think about engaging in a self help eviction. There have been many cases where a landlord removed a tenant’s personal property and put it on the sidewalk or even in the trash. A judge could easily award your non-paying tenant with a $20,000 damages award. Most judges will not require the tenant to produce receipts for his belongings because such proof of purchase could have been disposed of in the lock out.

Where you will really get slammed in court if you engage in acts of self help eviction is under the common law intentional torts of conversion statutes. This means you exercised control over an item in a manner inconsistent with the rights of its owner which deprived the owner of its value. Secondly, you could be hit with trespass which is the unlawful entry upon the property of another enjoying right to possession. These are claims for relief are intentional torts which means that if the court finds you are liable, they can award both nominal and punitive damages to the tenant.

In the case of WILLIAM SPANO v. HANNA ABDALLA South Carolina Superior Court (October 3, 2002) Hanna Abdulla engaged in self help eviction by changing the locks and removing William Spano’s personal property from the premise to the sidewalk. Hanna Abdulla claimed that she thought the tenant had abandoned the premises. The court was not persuaded by her claim and awarded Spano $1,800 for the 3 months of rent expense he incurred to live elsewhere. The court further awarded $1,200 in punitive damages and attorneys fees.

In Gordon v. Morris, 2001 Ohio App. (2-2-2001) the landlord changed the locks just before the end of the month after learning that the tenants had shut off the utilities and removed most of their belongings. The trial court awarded the tenants only $96.77 in actual damages (they had paid rent through the end of the month but were deprived of the use of the apartment, and this was the prorated amount). But the trial court further awarded $1,000.00 in punitive damages and $1,462.00 in attorneys fees.

Keep this in proper perspective. The court is not “siding” with the tenant. What the court is doing is preserving the peace by stopping disturbances and violence that accompanies struggles for the possession of land. Think about it. If it was legal to turn off a tenant’s power or throw their stuff out on the sidewalk, that same angry tenant could turn violent and shoot you. While it may seem like the courts are siding with the tenant, they are actually protecting you. Just follow the court approved procedure for tenant evictions. If you do not know what that is, then you need to hire a professional property management company.

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Home Staging and Real Estate Sales – A Winning Combination

Posted by John Mann | Real estate | Thursday 13 August 2009 4:32 am
by John Mann

Home staging is a proven method for helping realtors sell homes quickly and at a higher price than the original listing price. Therefore, it’s only logical that a realtor should look at home staging training to further their success rate. After all the quicker you sell a home the better it is for both you the realtor and the homeowner.

Every realtor has sales goals they’d like to achieve and home staging training will teach you the techniques to reach your goals. The best part about this training is it can be completed rather quickly, unlike other careers. The courses are even offered online allowing you the freedom to take the classes whenever it’s best for you.

The competition among realtors is often fierce so you’ll want to gain any advantage you can. Using the skills you picked up during the training will make the homes your showing stand out among your competitors. Most realtors will tell you that marketing and presentation are two of the most important skill you can have and home staging only enhances them.

Part of presenting a home for sale is focusing on the curb appeal of the property. Since the first thing that a potential buyer sees is the exterior of a home, it’s a good idea to invest some time and money to clean it up. Making sure the inside of the home is looks fantastic is just as important. You’ll have to offer your client some suggestions on what to do to make their home more attractive. Most people live in their home completely different than the way you need their home to look.

By combining her knowledge of realty and interior design Barb Schwartz developed what became known as home staging. Over two decades ago she came up with step by step plan for selling homes utilizing some basic principles of design and marketing.

Home staging training teaches three basic rules to all realtors attending the course. The rules of clean, clutter, and color are stressed in every home staging training course. Making sure the house is clean from top to bottom is the first step since a dirty home will be impossible to sell. Clean every square inch of the home from the kitchen, bathroom and floors so the home will shine for potential buyers.

But the most important rule to remember is the effect new color can have on the sale of a new home. Changing the color scheme by replacing the rugs or adding area rugs is a great way to accomplish this. You should also paint the walls in a shade that compliments the rug color and style of your choice. Remember, it’s your job as a realtor to inform your client that spending a few dollars in the beginning will eventually lead to a more profitable sale.

The courses available on home staging training will teach all you need to know and earn you the title of an accredited home staging professional. Once you learn the tricks of the trade, you’ll see results that will make anyone smile.

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5 Steps To Sell Your Own Home

Posted by Sean Patrick | Real estate | Thursday 13 August 2009 4:21 am
by Sean Patrick

If you’re looking to sell your own home, chances are you are either familiar with real estate selling or you’re simply looking to save some money in this struggling economy. Either way it’s important to know the most critical steps involved with the sales process.

The for sale by owner process doesn’t have to be as complicated as some people make it out to be. The good news is that the owners of a home know it better than anyone else – including a real estate agent. If you due proper due diligence and understand the market in your area you’ll have an advantage over other people who are simple plucking a number from the sky and praying that their house sells quickly!

Here are 5 tips to sell your own home:

1. Clean, clean, clean. A nice and clean home shows better than the average “somewhat of a mess” house. Buyers that come through will know that you’ve taken care of the home if it is tidy. Worst-case scenario, if you absolutely hate to clean like some people do, hire a cheap cleaning service to do a once-over for you.

2. Staging is also very important. No need to rent furniture as you should leverage what you already have in the home. Pay special attention to kitchen and bathrooms as these areas actually sell the entire home – they are the most important aspects of any home and buyers will note this.

3. Ensure you do your homework and realize your home’s actual value. Two reasons this is a good idea – one, you’ll get an offer quicker. Two, if you price your home too high and someone actually buys it, the chances of it closing are slim to none. Banks these days have tightened their lending structures and if the bank doesn’t appraise it, you might find yourself back to square one at the 11th hour. This is worst-case scenario and you need to price it correctly so you have no concern of this happening 30-60 days down the road.

4. Use a good FSBO service. These services are available online and will promote your property on the Multiple Listing Service, or MLS. It’s important to get in front of the realtors that are representing the buyers for your home. If you aren’t listed, chances are you’ll get fewer showings and absolutely no traffic at your open houses.

5. After receiving an offer, hire an attorney. For a couple hundred dollars you can find an attorney in your local area to “facilitate” the real estate contracts. If you’re not a professional chances are you might need some help and it makes a significant difference to have someone on your side who is “representing” you, and it will cost a lot less than a real estate agent!

Start with these 5 tips – research, do your due diligence, and gather the proper information needed to sell your own home. Saving tens of thousands of dollars by selling your property rather than hiring an agent is an exciting journey – but does require some homework. As mentioned before, the homeowner knows their home better than anyone else – and chances are they can sell it quicker if they simply have the right tools to ensure a good, quick sale!

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Scottrade Promotion and Review

Scottrade is ranked 60 in Fortune’s best companies to work for in 2009, but what’s good about the broker other than the Scottrade promotion code being offered? This review is written to find out.

Click Here to Open an Account with Scottrade

Scottrade at a Glance

scottradeNever mind any other brokerage firms, Scottrade offers four different trading platforms within its own system with Scottrade, Scottrader, Scottrade Mobile and Socttrade Elite. Here are a brief description of each:

  • Scottrade – The standard platform that works within the website. No software, no plugins, nothing needs to be installed. The usual limitations apply though: no streaming quotes (though real time quotes are available), less than instant response time (although it’s bearable most of the time). For most investors, this is adequate.
  • Scottrader – The introduction for customers to streaming quotes, customizable trading screens and others like top 10 lists and real time updated account balances, positions and order execution.
  • Scottrade Mobile – I have no idea why you want to trade using your phone, but basic options are there if you really need it. The software works on all versions of iPhone, Blackberries and any device that is Internet capable.
  • Scottrade Elite – The most flexible and feature rich trading platform, but there’s a $25,000 balance requirement to get this free. Be careful because there’s an option to NASDAQ TotalView and Level II, which costs extra unless you do enough trades per month (15 and 10 respectively).

Commissions and Other Fees

For years, Scottrade cleaned shop with just $7 a trade. In fact, the commissions were so good that everyone thought it was just a Scottrade promotion. However, recent competitors like TradeKing bring new meaning to the word “discount brokers. Nevertheless, $7 a trade is still very attractive for most, promotion or not.

Same story with options. Commissions are at $7 plus $1.25 per contract. Not earth shatteringly low prices but still reasonable.

Unlike the bigger brokerage firms, there are $0 fees to maintain the account no matter how much you have in your accounts. The only requirement is that it takes $500 to open an account ($2,000 for a margin account).

Why Scottrade

In my opinion, the only reason why I would want to pay more commissions with Scottrade is the fact that like many premium discount brokers, there are branches within the U.S. that I can visit. I did a quick search for branches around my home, and there are four locations within 10 miles.

In addition, Scottrade offers Thomson Financial Research directly to every customer to aid our investment decisions.

Awards and Others

As mentioned, Scottrade is among the best companies to work for. On top of being ranked 60 in Fortune’s Top 100 companies to work for, they were two spots better at 58 in 2008. Reasons include consistent quarterly bonus payouts even despite the toughest economic environment, never having a layoff and extremely happy employees.

I was also encouraged to hear that they also ranked first in customer satisfaction according to J.D. Power and Associates for the highest investor satisfaction with self-directed services. I guess when employees are happy, customers are happy too.

Scottrade Promotion

The broker is going to reimburse you for up to $100 when you transfer your account to Scottrade. No promotion code needed, although you need to submit a form after you open an account.

So Is Scottrade Right for Me?

For many, going with the company that offers the lowest commissions is what feels right but if you are looking for branches just in case you want to meet, see and talk to a live person, Scottrade is a solid option. Coupled with awesome customer service, Scottrade might be for you.

Click Here to Open an Account with Scottrade


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