Certificate of Deposit

Posts Tagged ‘finance’

Question: Canadian option for investing in Britain?

I am planning on moving to Britain in about 6 months and want to transfer some of my savings into pounds to hedge against currency movement. I’d like to be able to invest in a UK Money Market fund or GIC or something like that. My current investment account (through Royal Bank) doesn’t seem to allow me to do this. Are there any options out there for me to do this?

Answer: Yes there are ways to do that. One of which I can suggest is to open a currency trading account and select no leverage on your account. That way you don’t have to buy any investments to convert your money, just invest in the currency of your choosing. When you want to switch it back you just exit your position, this saves you the fee that banks will charge you to convert cash. You will profit if the pound has increased in value while your money was traded. When you want to take the money out of the account there is no fees, penalties, or problems of liquidity as there currently are in the money markets. If you visit my site you will find a few companies which will allow you to open an account with no leverage and let you the convert back and forth till your hearts content. http://www.forextradersinc.com

The Rothschilds controls the gold market!

Question: best Money Market account?

because I am too lazy to look them up myself, which of these three banks has the best interest % for their Money Market accounts?

Bank of America
Bank of Granite
Wachovia
Community One Bank
BB&T

*note. these are all banks that are in my area of NC. if you know any more that could be used by me, let me know.
thanks

Answer: Go to www.bankrate.com. You can search for the best rates nationwide or locally.

Banks Announce New Plan To Steal Your Money

Question: Questions on stock trading and the urge to sell. ?

Hello,

Yesterday was my first day trading online, ever. I decided to take advantage of the unstable stock market and some low prices. I bought some stocks that were pretty low in comparison to how they usually do. Today, they are even lower. I am kicking myself in the ass right now, considering I lost couple of points already. I know it’s hit or miss with trading. I know if I wait at least couple of days there is a possibility I can make at least 15% of what I have invested.
My question is: how can I stop looking at the same stocks every minute? How can I stop the urge of selling everything I bought, as my amateur self says ‘you should have just left the money alone in your account at 3.5% yield rate’? How can I stop my self from pushing that button? Those of you that trade, know what I am talking about.
I would appreciate any advice.

Answer: Buying some shares of a stock is like going down a deep hole in the ground to get some gold that you see there.

The hole quite often is deep. And there is always some danger that you might not be able to get out of it. Which means that you shouldn’t go in there, unless you have a good rope and a good plan how to get out of that hole with the gold.

The rope is your hope. And it has to be a good hope based on extensive knowledge and reasonable assumptions.

And your plan is a way to get out of that hole if your rope turns out to be too short.

Before you go into any trade, you must have a plan for virtually everything that can happen. The price can go up, it can go down, or it can stay the same for a long time. And when you have a plan that you believe in, then you will have the courage to keep going down that hole even when the daylight temporarily disappears, and for a while you don’t see your way out of it.

Market Technical Analysis – Idan’s Rant and Comparison of 1929 crash to 2007-2009 crash