Buy: Hold: Sell: Jump
I'm sitting here at my computer desk with a cup of coffee at my elbow. The coffee rest in a mug, the mug garnished with the words Buy, Hold, Sell, Jump, vertically along its sides. Emblazoned across the top of the cup are the words, Wall Street, which encircles the upper portions of the mug. The handle of the mug is quite ornate, rounded at the bottom, with a cradle in the handle's top. In the cradle is a die, with a small metal pin through the die, which enables my thumb too spin the die.
Instead of numbers, as in a pair of dice, the die's choices are Yes, No, and ?. And, lo and behold, an article is born. When do you buy, sell, hold or jump? (A better question still, what do you buy, when do you sell, how long should you hold, and why would you jump?) This article will tackle the word Jump (to find the answer to those other questions, they've been answered in some of my other articles). Would Jump mean off a building? Or Jump to another stock market security? The word Jump reminded me of one of my other articles where I stated ?just because thousands of people on wall street make their living doing ?technical analysis' doesn't mean you have to jump off a building, too'. Just today, reported by CNBC, a hedge fund has gone bankrupt.
Seems the manager of the fund has skipped the country, along with all of the money. It's been reported tens of millions of investor's dollars are gone (as well as the manager). The Wall Street Journal just had a report stating that retirement plans are facing a new threat: Theft. Excerpts from the Wall Street Journal (March 2, 2005): New YorkRetirement Plans are facing a growing threat: Theft"Susana Longo, the compliance officer at Applied Financial Group, an investment-advisory firm in Atlanta, was indicted in January on federal charges of stealing $5.4 million in retirement savings from 220 workers at a car dealer, two medical practices and an audio-visual specialist. She acknowledged spending the money on two beach houses, a diamond ring, a 1,600-bottle wine collection and a Porsche 911, according to a lawsuit filed by the advisory firm." (The article also stated this went on for four years.) The article also goes on to state there are important lessons to be learned through this Atlanta case and they were stated in these excerpts from the same article in the Wall Street Journal: * Roll your money into an individual retirement account when you retire (my comments on this later).
Eight retirees who left their assets in one of the four affected plans were receiving monthly checks from their accounts until the plan was frozen last spring amid the investigation, said William Whitmire, the company's director and the Plan's trustee. "Some of them are really desperate, but there's nothing that can be done until the insurers come to agreement,' he said. * Make sure you are getting all your statements, and force yourself to reconcile them. The amount deducted from your paycheck should match the amount deposited into your 401(k) account. * The trustees of the four Atlanta-area plans were supposed to get regular statements from both the retirement-plan administrator and the custodian of the plans' assets.
The trustees of the two hardest-hit plans didn't get their custodial statements regularly, because they were sent to other addresses. When trustees did get custodial statements, they didn't review them. *Don't assume that you will receive a heads-up from your employer or plan custodian. As the alleged fraud in Atlanta began to unravel, federal agents showed up at Whitmore's office with a stack of about 75 forged checks made out to people ?he never heard of," he said. He claims that the plan's custodian didn't call to make sure the checks were authentic.
As I was reading this article I couldn't help thinking about the old adage ?No one cares as much about your money as you do.' And here's the crux of this whole article:You do not have to wait until you retire before moving monies from your 401(k) Plan into an individual IRA. There was and is a law which was passed in 2002 which allows you to transfer any after-taxed dollars and company-matched dollars out of your 401(k) plan into an IRA (with no fees or penalties, and no matter what your age). I have been doing this while still employed with my company. I have built my own mutual fund, using monies that have been transferred from my 401(k) into an individual IRA. If you get nothing else out of this article, let it be that you will contact the firm your 401(k) monies are with, and find out your available options.
To read the Preface from the book ?The Stockopoly Plan- Investing for Retirement' visit: http://www.thestockopolyplan.com.
Charles M. O?Melia is an individual investor with almost 40 years of experience and passion for the stock market. The author of the book ?The Stockopoly Plan?; published by American-Book Publishing. The book can be purchased at http://www.pdbookstore.com/comfiles/pages/CharlesMOMelia.shtmlPersonal Checks
Personal checks are customized bank checks. Generally people with an aesthetic sense or those with a thing for colors, designs and style go for such checks. Modern day checks are both timeless and compelling, coming in a myriad shades. They are printed on recycled paper with non-toxic inks. Latest designs of such personalized checks benefit important causes.
Personal checks are easy to order and resemble normal bank checks in size. Apart from the standard shape, they are available in exclusive designs and there are checks featuring favorite artists, or characters, to help a customer choose the perfect design. At present companies offer personal-size, top-tear check singles as well as duplicate checks which are actually carbonless copies. A client's full color and full bleed photos or images can also be printed on personal checks.
Before going for a personal check, the customer fills in a form verifying whether the image he or she chooses for his check is legal. Legally,...
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4th Annual Encephalitis Conference
The FACES (Friends And Caregivers Encephalitis Survivors) Encephalitis Conference is proud to welcome friends old and new to attend and learn more about encephalitis, from the people it has touched.Encephalitis Global Inc. President Wendy Station is an encephalitis survivor.
She says, "It's our annual time of the year to raise awareness, and let the world know that we have a voice.
So often, problems such as encephalitis are swept under the carpet, as folks just don't understand? and don't wish to take the time to understand.
We would all like to change that.Judith Ashton of Encephalitis Global Inc.
and also an encephalitis survivor adds, "Those who survive encephalitis often face a range of serious cognitive and physical impairments.
For example, some survivors, particularly those who have suffered encephalitis due to the same virus that causes cold sores, the herpes simplex virus, may be left with a variety of memory problems, including...
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Take Back Control Of Your Cell Phone!
When I opened up the bill I lapsed into what could only be described as shock.Calmly and without saying a word, I meticulously began auditing the document with a subtle yet very real sense of rage building from within. Concluding that the statement was indeed accurate and determined to never let this happen again, I went down to the local outlet and proceeded to inform the representative that I would no longer be needing their services.Smiling and remaining completely cool, the guy told me what we have all heard at one time or another when dealing with our cell phone provider: "You realize that you are still under contract and that there will be a penalty for canceling service with us." Four hundred dollars later (200 hundred for the bill and another 200 for canceling the contract), I walked out of the store and thought to myself I would never get another cell phones!But, like it or not, I ultimately discovered that I simply could not do this. I had come to honestly need a cell phone,...
Take Back Control Of Your Cell Phone!
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The Controversy Over Head Lice Continues to Escalate
West Palm Beach, Fla. (ContentDesk) March 23, 2006 -- The Controversy over head lice continues to heat up as parents across the country fight to keep schools from relaxing head lice policies. I dont understand why, when you have a policy that helps keep kids safe, WHY would schools want to do away with it? I mean its our children. Shouldnt we want what is best for them? questioned Kelly Addison, a mother of two in Reeseville, WI. Kelly is so adamant that she has spoken before her school board on five separate occasions, written her government officials and presented before two separate Senators.
When it comes to the subject of head lice Kelly seems to have dug in. What makes Kelly so remarkable is that her girls have never had head lice, replied Katie Shepherd, Executive Director of Lice Solutions Resource Network, Inc. a nonprofit treatment facility in West Palm Beach, Fl. Most parents have to be burned, so to speak, before they see the need for improved policies. Kelly...
The Controversy Over Head Lice Continues to Escalate
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RespiteMatch.com Launches Caregiver and Homebound Patient Support Service
Homebound Solutions LLC announces the launch of RespiteMatch.com, an online source for caregivers and homebound patients to connect for home healthcare services. RespiteMatch.com was born from the need to find a comprehensive source on the Internet for caregivers, nurses, LPN's, CNA's, mid-wives, physical therapists, occupational therapists, elder care and other home healthcare professionals to work in the residential setting. RespiteMatch members, both caregivers and patients, create a very detailed health profile and then receive notification if their profile is added to another individual's MatchList at no charge. Of the wide selection of services and features, members have the ability to browse profiles for a possible match. Subscribers have full access to all of the RespiteMatch features and services including MatchList notification,...
RespiteMatch.com Launches Caregiver and Homebound Patient Support Service
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Before Entering Into That Payday Cash Loan...
Payday cash loans are starting to become the most popular way for people to borrow money. This is partially because they are just so much more convenient then other professional loan alternatives. A store offering a payday cash loan is almost as easy to find these days as a corner coffee shop. They are everywhere, and no longer just in the big cities. They're also popular because getting one of these loans is simple.
It doesn't involve a complicated application, paperwork, or credit checks.
There are alternatives though, and these are important to check out before making the hasty choice to run in to get an easy payday cash loan. First and foremost, do you really need the money? While running low on funds for rent is a definite reason for getting cash quick, as is needing food for that matter, but being the first to get a new video game or grabbing...
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Illegal Online Casino Gambling on the Rise in Israel. Reported by the worlds-best-online-casinos.com
(ContentDesk) October 13, 2005 -- This growth of online casino gambling, in such sites as http://www.worlds-best-online-casinos.com has caused some consternation in among the legal community. The fear is that as people gamble more and more, many of the problems that are associated with gambling will begin to surface. Among them are gambling by minors, compulsive gambling and money laundering. While all these things have existed in Israel before, the authorities are worried that as more and more people gamble in the online casinos, these issues will become at the forefront of the nation's problems.So pronounced has the problem become, that the Ministry of Justice, in conjunction with the police, have all but declared war on the online casinos. In a meeting between the Chief Justice and the Police Head of Intelligence it was decided to begin firm and decisive moves against illegal gambling in Israel.
Their first...
Illegal Online Casino Gambling on the Rise in Israel. Reported by the worlds-best-online-casinos.com
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