Daily Archives: June 25, 2015

Money management: discipline is the name of the investment game

The key to effective money management is discipline. That may sound overly simplistic, but in all walks of life where the aim of the game is to increase capital, the need to reduce unnecessary financial waste will no doubt be a pivotal part of the process. And this requires a great deal of discipline.

For those accustomed to living the expensive high life, it can be very difficult curbing expenditure and adapting to a new, simpler lifestyle. Similarly, those who like to gamble on football or the horses have to adopt a very disciplined approach to their hobby or they could face financial ruin.

Furthermore, games such as poker – which has enjoyed a resurgence in popularity since the advent of the internet era with many millions of people now betting for pennies, pounds or hundreds of pounds on the countless online casinos – can be highly addictive and hence very costly for those with little discipline.

Poker is much maligned as a game of pure luck, but the top poker players succeed on strategy, using carefully calculated odds and a disciplined betting approach: a player that thinks going ‘all in’ is a clever move is unlikely to succeed for long in poker, even if they enjoy some early success.

The same applies to the world of investment too, where those who enjoy the most success on the stock exchange are those who are guided by pre-established rules which form the basis of all trades. Whilst gut instinct can come in handy, emotions or arbitrary whims have no part to play in investments.

For example, contracts for difference (CFDs) have enjoyed a surge in popularity in the private trading fraternity, due in part to the flexibility it offers traders – and the leverage. CFDs are particularly good for short-term, speculative trades whereby exposure is increased within a trade but the actual investment is minimised.

However, whilst there is always an element of risk in any trade, don’t think for a second that Contracts for Difference trading is blind guesswork. Any speculation should be based on sound insight from analysts and economists.

Similar to poker or other games of risk, discipline and money management should underpin any CFD trade.

The first rule of thumb is this: don’t get greedy and lose all your money in one foolish trade. The lure of cash can cause investors to see nothing but pound, dollar or euro signs, meaning rationality goes out the window, so the very least you should do is make sure you survive to trade on another day with a clear head.

Furthermore, you should only ever invest a sum of money you are prepared to lose in any one trade. This can vary from person to person, but a guideline figure is around 2% of your total account balance in any one investment. You’ll also need to learn how to determine the size of particular trade; otherwise the upper limit of what you’re willing to risk is meaningless.

So, you can see there are rules to follow with money-making opportunities involving an element of risk. The rules won’t eliminate the risk completely, but they will ensure your chances of succeeding are maximised.

The Silent War Between Israel And Syria

So what happened on the morning of September 6, 2007 ? Israel has instituted a news blackout beyond saying that Israeli soldiers demonstrated unusual courage in acting against Syria. Syria indicates that Israel violated its airspace and fired missals on ground targets. Iran has been absolutely quiet, very unusual for them. There has been no comment across the Middle East. Europe is quiet on the issue. Here is the dismissive reaction of U.S. President George Bush when asked the question in his general press conference on September 20, 2007: ” I’m not going to comment on the matter.”

If all these countries are quiet, if politicians won’t comment, if there are news restrictions on what should be a highly publicized current event, then there must be a pretty big worldwide story here. It also must be diplomatically sensitive. Here is what can be determined about the raid by Israel on Syria on the morning of September 6, 2007.

In late spring, Israeli intelligence (Mossad) received information that Syria was trying to buy a nuclear device from North Korea. Israel had a building in Syria under surveillance from a satellite sent into orbit last June. The building (about 50 miles from the Iraq border) was believed to be storing nuclear equipment. On September 3, 2007, a ship arrived from North Korea with a cargo that was marked as cement. The cargo was subsequently transferred to the building that Israel had under surveillance. This triggered a strike on September 6, 2007 by five Israeli warplanes on the building and possibly other targets in Syria.

The timing of this incident could not be worse for North Korea. The country is beginning the second phase of six-party talks on disabling their current nuclear program. After years of talks, a deal was brokered in February 2007 under which Pyongyang (capital city of North Korea) agreed to shut down its main nuclear reactor in return for fuel and aid. North Korea admitted International Atomic Energy Agency inspectors, who verified the shutdown of the Yongbyon reactor in July. In the second phase, scheduled to start next week, North Korea needs to declare all of its nuclear programs and disable its nuclear facilities. North Korea is at the bargaining table because up to two million of its people have died since the mid-1990s due to acute food shortages caused by natural disasters and the economic mismanagement of the Head Of State, Kim Jong- il. The country relies on foreign aid to feed millions of its people.

The timing could not have been better for Israeli Prime Minister Ehud Olmert who has gained ten points in his favorability ratings in Israel’s latest public opinion polls. He is gaining popularity for showing strong, decisive action on the Syrian nuclear threat. He is also gaining popularity in Israel for his ongoing meetings with Palestinian President Mahmoud Abbas ahead of the U.S. sponsored Middle East peace conference in November.

Iran may be involved in this incident as well. Consider a report from the Nazareth-based Israeli Arab newspaper, The Assennara, which cited anonymous Israeli sources as saying that Israeli jets “bombed a Syrian-Iranian missile base in northern Syria that was financed by Iran… It appears that the base was completely destroyed.”

In recent days, Syria has begun to increase its rhetoric on Israel’s reported violation of Syrian airspace. It has warned the United Nations that the international community’s silence over the incident could have “tragic consequences.” In a letter sent to UN Secretary-General Ban Ki-moon, Syria warns Israel that its “outrageous aggression” will have serious consequences. Also, consider this statement from Syrian International Atomic Energy Agency ambassador Ibrahim Othman, ” The fact that UN and IAEA decisions regarding Israel’s nuclear capability are not implemented increases the frustration of the Arab states and threatens to expand the arms race that could threaten the peace and security of the region and entire world.”

We know that Israel bombed targets in Syria on September 6, 2007. The targets appear to be military locations in Syria sponsored by North Korea and Iran. The fact that these three countries are working together, possibly on nuclear weapons, is indeed disturbing. The Syrian Head Of State, Bashar al-Assad, is now in the process of contemplating Syria’s response to the Israeli air strikes. Unfortunately, the world has not heard the last of the silent war of September 6, 2007 between Israel and Syria.

James William Smith has worked in Senior management positions for some of the largest Financial Services firms in the United States for the last twenty five years. He has also provided business consulting support for insurance organizations and start up businesses. He has always been interested in writing and listening to different viewpoints on interesting topics.

Visit his website at http://www.eworldvu.com

r4DS Cards – A New Game

Gaming is no child’s play these days. Everybody, from the ages for 4 to 40 are involved in gaming. There are online game contests that are held worldwide on international scales. These games are serious businesses. There is money involved, and huge prizes. Thus, for all serious gamers, it is highly imperative that they own the best possible gaming equipment that there is. r4DS – The latest technology R4DS is one such innovation. It is truly a gamer’s delight. The problem with most games is that they require a lot of memory, which an ordinary computer may not be able to support. It is also important to be able to save the information about the game somewhere, in a live format. Such capabilities are supported in a very unique and problem free way by r4DS data cards. r4DS rightly stands for revolution for DS. It is the latest in the line of storage devices and it supports all Nintendo games. r4DS data cards are Micro SD data cards, and their capabilities extend much beyond ordinary memory card capabilities. These are powerful storage devices that can support up to 16GB worth of memory. Depending on why you need the data card, you can pick the capacity that suits you the best. For example, if you are a software developer who is working on a large project. It will be necessary for you to have a storage device that will have capabilities much beyond that provided by the computer. Categorising the memory usage by using r4DS lite data cards adds to your system’s efficiency. You can save all your gaming, coding and other memory gobbling programmes on this card, thus keeping it separate from the system’s memory. This will help you in minimising errors that occur frequently due to updates, and anti-virus scans. Gaming with r4DS and much more The r4 revolution has sparked off a new class of gaming. For gamers, an r4 DS lite data card or an r4i data card with 2GB storage capacity is more than sufficient. It will provide you with smooth usage capabilities, without causing too many glitches in system performance. These data cards add to your own gaming capabilities. Most games tend to respond slowly if run using the system’s built in memory. The applications respond slowly to your clicks, thus hampering your performance. The r4DS technology helps you overcome these problems. It provides you with smooth functioning. This enables you to focus more on your gaming strategy. These data cards can also be used for storing video and audio files. The files never get corrupt, and the cards help improve their quality. These cards have a drag and drop capability that enables you smoothly transition between memory usages. For instance, when you are working on a software development project, instead for going through tedious procedures of saving and then transferring, you can smoothly drag and drop the data. Get one of these data cards today, and revolutionise your world.

The Vietnam War, Part Four

However, in May 1970, the US began ground incursions into Cambodia; this action sparked nationwide protests on the home front culminating in the tragedy at Kent State University when four students were shot and killed by soldiers of the Ohio National Guard. The public were outraged, but the Nixon administration appeared indifferent, launching ARVN incursions into neutral Laos in early 1971 with the intention of cutting the Ho Chi Minh supply line. These incursions proved disastrous with the ARVN forces who were easily routed, retreating pell-mell, abandoning vehicles and equipment and requiring a bail-out by American airpower; the chaos clearly emphasised the failure of the policy of Vietnamization. Morale amongst US troops was at its lowest ebb – Australia and New Zealand pulled out their troops, many soldiers developed drug habits, there were problems with race relations and insubordination and cases of courts-martial soared. Vietnamization was again tested by the Easter Offensive of 1972, the VPA and NLF overran the northern provinces and other forces attacked from Cambodia, threatening to cut the country in half but US airpower again came to the rescue.

It was now clear that South Vietnam could not survive without the support of American airpower, though the remaining American ground troops were withdrawn in August. After peace negotiations had broken down, Nixon ordered a massive bombing of Hanoi and Haiphong to pressurize North Vietnam back to the negotiating table. It worked, at huge cost, although the Paris Peace Accords were signed in January 1973, the offensive had destroyed much of the remaining industrial and economic capacity of North Vietnam. The Peace Accords enforced a cease-fire, it was stated that US POW’s would be released, national elections would be called for in the North and the South and a sixty day period was instigated for the complete withdrawal of American forces. However, the fighting in South Vietnam continued, the POW issue runs to this day and elections were never held. Many South Vietnamese fled to the United States in one of the largest war refugees migrations in history.

There was no peace movement to protest the renewed bloodshed nor was there much media coverage. Early in 1975, the North Vietnamese launched their final offensive, South Vietnam rapidly collapsed. North Vietnamese troops entered Saigon, only hours after the US completed an emergency airlift of embassy personnel and thousands of South Vietnamese who feared for their lives under the communists. Hanoi gained control of South Vietnam, and its allies won in Cambodia, where the government surrendered to insurgent forces on 17 April 1975, and Laos, where the Communists gradually assumed control.

Russell Shortt is a travel consultant with Exploring Ireland, the leading specialists in customised, private escorted tours, escorted coach tours and independent self drive tours of Ireland. Article source Russell Shortt, http://www.exploringireland.net

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