trade http://www.wisebread.com/taxonomy/term/911/all en-US Do You Barter? -- Tell Us and Enter to win $10! http://www.wisebread.com/do-you-barter-tell-us-and-enter-to-win-10 <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/do-you-barter-tell-us-and-enter-to-win-10" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/bartering.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="176" /></a> </div> </div> </div> <p>It&rsquo;s time for our weekly trivia question: <span style="font-weight: bold;">Do you Barter? Have you ever traded services or goods without cash? What has been your experience?</span></p> <p>Our own Philip Brewer mentioned bartering, among other options, in his recent &quot;<a href="http://www.wisebread.com/opting-out-of-the-money-economy"><em>Opting out of the Money Economy</em></a>&quot;. &nbsp;In fact, it is very likely that many of use will use barter sometime in our lifetime.&nbsp; Whether you do a straight trade with someone you know, or choose to use an official Barter currency (like trade credits, points, etc.) it's becoming more and more the &quot;cool&quot; thing to do.&nbsp; RecessionWire even gives you some basic tips in their <a href="http://www.recessionwire.com/2009/04/30/barter-101/">Barter 101 tutorial</a>, if you've no idea where to begin.</p> <p><strong>So, what do you think?&nbsp; Is bartering something you've tried and been successful at?&nbsp; Are you new to the game, or have you been doing it for years?&nbsp; What would you recommend to others just getting into the barter game?</strong>&nbsp; Your comment could win you a $10 prize!</p> <p>&nbsp;Those of you who aren&rsquo;t familiar with the &ldquo;drill,&rdquo; read below for full details:</p> <h2>Win a $10 Amazon Gift Certificate</h2> <p>We're doing two giveaways -- one $10 Amazon gift certificate for a random comment, and another one for a random <a href="http://www.twitter.com/">tweet</a>.</p> <h3>How to Enter:</h3> <ol type="1" start="1"> <li class="MsoNormal">Post your answer in the comments below, or</li> <li class="MsoNormal"><a href="http://www.twitter.com/">Tweet</a> your answer.&nbsp; Include &quot;<a title=" @wisebread #moneytippers" href="http://twitter.com/wisebread">@wisebread</a>&quot; in your tweet so we'll see it and count it.</li> </ol> <p>If you're inspired to write a whole blog post, please link to it in the comments or tweet it.</p> <p>At the end of the drawing, we'll update this post to include (and link to) all of your helpful responses.</p> <h3>Giveaway Rules:</h3> <ul type="disc"> <li class="MsoNormal">Contest ends Wednesday, July 1st at 11:59pm CST. Winners will be announced July 2nd on the original post and via Twitter. Winners will also be contacted via email and Twitter Direct Message.</li> <li class="MsoNormal">You can enter both drawings -- once by leaving a comment and once by tweeting.</li> <li class="MsoNormal">Only tweets with &quot;@wisebread&quot; will be entered. (Otherwise, we won't see it.)</li> </ul> <p class="MsoNormal"><strong>&nbsp;Good luck! </strong></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/do-you-barter-tell-us-and-enter-to-win-10">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-does-the-word-recession-mean-to-you-answer-for-a-chance-to-win-10">What Does the Word &quot;Recession&quot; Mean to You? (Answer for a Chance to Win $10!)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/credit-card-and-debt-settlement-would-you-consider-it-your-chance-to-win-10">Credit Card and Debt Settlement? Would you Consider it? (Your Chance to Win $10!)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/book-review-how-to-be-a-geek-goddess-win-a-copy">Book Review: How to Be a Geek Goddess (Win a Copy!)</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-google-way-a-book-review-and-a-chance-to-win">The Google Way: A Book Review (And a Chance to Win!)</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/enter-to-win-over-1000-in-hedgeable-s-holiday-giveaway">Enter to Win Over $1,000 in Hedgeable’s Holiday Giveaway!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Giveaways barter giveaway trade trivia tuesday Tue, 30 Jun 2009 17:35:37 +0000 Linsey Knerl 3332 at http://www.wisebread.com Best investment: yourself http://www.wisebread.com/best-investment-yourself <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-investment-yourself" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/framed-house.jpg" alt="Framed House" title="Framed House" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>I read a lot of investment books. I read mainstream books, where the author assumes the future is going to be a lot like the recent past, but I also like the &quot;economic disaster&quot; books where the author warns that something (government debt, globalization, inflation, energy crisis, stock market crash, real estate debt, hedge funds, derivitives, etc.) will send the economy off the rails. Their portfolio recommendations are so different (stocks, bonds and money markets versus gold, silver, and stockpiled food) that it&#39;s hard to find the right path. There is one thing, though, that&#39;s always a good investment: Yourself.</p> <p>By investing in yourself I mean learning a skill. You might need to invest only some time, or you might invest some money as well for things like classes, books, and training materials. Any kind of learning might count, but I&#39;m primarily thinking about learning:</p> <ul> <li> A trade that people will pay you to do</li> <li>A craft that lets you produce something people will buy</li> <li>A skill that you can do yourself rather than pay someone else to do</li> </ul> <p>To analyze this as an investment, look at the same three things investment analysts use: <strong>liqudity, return, </strong>and<strong> </strong><strong>risk</strong><strong>.</strong> </p> <p>Liqudity has to do with how quickly you can turn your investment into money if you need it. You can&#39;t just sell a skill the way you can sell shares in a mutual fund, but that&#39;s actually one of the upsides of a skill as an investment--it doesn&#39;t get used up. If you learn a skill that people will pay you to do you can always generate some cash when you need to. Even one that just saves you having to pay someone else can keep cash in your pocket.</p> <p>The return depends on the skill and the context. A completely new skill probably won&#39;t have as high a return as focusing on whatever skills you already have and maximizing their earning potential, but return shouldn&#39;t be analyzed in isolation and it&#39;s wise to do both. </p> <p>Risk is where this investment really shines. Diversification of skills reduces your risk the same way diversification among other investments reduces risk. Good-paying jobs can disappear for a lot of different reasons: technology can automate the work or make it unnecessary; globalization can shift the work to lower-paid workers; a change in fashion can reduce the amount of that work the economy needs. Keeping your primary work skills up-to-date can help, but there&#39;s no complete insulation from the vagaries of the marketplace. </p> <p>Skills not only give you flexibility in a changing marketplace, but they especially come to the fore during times of troubles. A skill can&#39;t be stolen, expropriated, or lost in a lawsuit. Nobody is going to default on it or declare chapter 11. You&#39;ll never have to leave it behind when fleeing a wildfire, flood, hurricane, or war. You can carry it across international borders and tell customs officials &quot;nothing to declare.&quot;</p> <p>It&#39;s worth having some stocks and bonds. But it&#39;s also worth having some skills besides the main one you use to earn a living. A little diversification there can get you through troubles where neither a mutual fund nor a safety deposit box filled with krugerrands would help as much. </p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/best-investment-yourself">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-top-5-etfs-you-should-buy-now">The Top 5 ETFs You Should Buy Now</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/womanhood-microscopic-and-other-hot-stock-tips">Womanhood microscopic and other hot stock tips</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/everything-you-need-to-know-about-peer-to-peer-investing-with-lending-club">Everything You Need to Know About Peer-to-Peer Investing With Lending Club</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-cheap-easy-ways-to-invest-your-first-1000">4 Cheap, Easy Ways to Invest Your First $1000</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-avoid-gambling-away-your-investments">How To Avoid Gambling Away Your Investments</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Investment craft diversification investing skill trade Mon, 23 Jul 2007 16:08:15 +0000 Philip Brewer 889 at http://www.wisebread.com Womanhood microscopic and other hot stock tips http://www.wisebread.com/womanhood-microscopic-and-other-hot-stock-tips <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/wisebread_imce/salesman_sm.jpg" alt=" " width="170" height="254" /></p> <p>One of my favorite things about getting spam is... wait. Oh, I don&#39;t have a favorite thing. Unless you count the creativity involved in coming up with new filters to block spam, there&#39;s really nothing about spam that I find positive. Spam is completely obnoxious. It costs business a lot of money to filter out, and it is sent out people by whose kneecaps deserve a little rendezvous with my uncle, Big Meatball Gino, if you know what I&#39;m saying, and I think you do. </p> <p>Some email services, like Gmail, are really good at filtering out the spam. That said, they are also really good at scanning your email content and pushing targeted ads at you. [Incidentally, I was once writing to my sister about something really benign, like a birthday party, and for some reason, all of my targeted Gmail ads read &quot;SHAVE YOUR PUBIC HAIR&quot;, like, all over the screen. What the hell? We weren&#39;t talking about anything remotely pubic. I could use my mental powers to draw a very convulted connection between birthdays and pubic hair - birthday -&gt; birthday suit -&gt; naked, etc. - but there&#39;s no direct connection, and I was kind of offended. And I&#39;m not easily offended.]</p> <p>Anyway, when it comes to spam, the <a href="http://www.investors.com/editorial/IBDArticles.asp?artsec=17&amp;artnum=4&amp;issue=20070131" target="_blank">most irritating and difficult to catch</a> are the <a href="http://labnol.blogspot.com/2006/05/how-to-bypass-gmail-spam-filters.html" target="_blank">newer generation spam</a>, the ones that contain a sort of mangled embedded image instead of just plain ol&#39; words, or with really bizarre, randomly generated passages or simply copyrighted material stolen from a legit web site - you know, like this:</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/wisebread_imce/SPAM.jpg" alt=" " width="409" height="232" /></p> <p>I get hundreds of these per day (you probably do, too), and they are all attempts to get me to purchase <a href="http://www.investopedia.com/articles/03/050803.asp" target="_blank">penny stocks</a>. Penny stocks are cheap stocks from risky companies, basically. They trade on the <a href="http://www.investopedia.com/terms/o/otcbb.asp" target="_blank">OTCBB</a> rather than on a reputable exchange like the NASDAQ or the NYSE, and are the kinds of stocks that the guys in <a href="http://www.imdb.com/title/tt0181984/" target="_blank">The Boiler Room</a> will try to sell you over the phone. From <a href="http://stocks.about.com/od/glossary/g/Pennystocks.htm" target="_blank">About.com</a>:</p> <p class="blockquote">Definition: <strong>Penny stocks</strong> are a special category of low priced, usually $1 or less, stocks often issued by highly speculative companies. They are frequently the focus of stock scams and manipulations.</p> <p>There are lots of <a href="http://www.pennystocks.org/" target="_blank">people out there</a> who want you to buy penny stocks - usually not the people who work for the company that has issued the stock. Basically, the scheme is this: a day trader with shifty eyes and a heart of tar buys up thousands of penny stocks in a company. They then hype the company in some fashion, convincing other people to buy the stock as well. Then they sell. Buy low, sell high - super easy, you&#39;ve heard it all before, right? They dump the stock, they make a few dozen cents per stock, which, mulitplied by thousands, adds up to a hefty sum over the course of a few succesful scams.</p> <p>The stock hyping is done, these days, via email. Via those awesome spam mails that clutter your Inbox like electronic cholestorol in your virtual arteries. You know, the ones with odd subject headlines, like <strong>craggy glib</strong>, <strong>Thet was you needed - Yuno...</strong>, and <strong>{Spam?} Womanhood microscopic </strong>from &quot;people&quot; with &quot;names&quot; like <strong>Infatuation E. Flatfoot</strong>. Great stuff. </p> <p>There is also the <strong>Why be average length any longer viagra</strong> emails, but those... well, I just can&#39;t care about them. Men want to lose money on scams that claim to increase the size of things that really can&#39;t be increased without surgery? So be it. </p> <p>Spam probably wouldn&#39;t be sent out if there wasn&#39;t some kind of return on it, right? Which means that there are people out there who click the links to buy the cheap, possibly fake Cialis and people who go and buy penny stocks based on advice from an email that landed in their Bulk folder. It means, in essence, that there are still suckers out there who think that they can get rich, cheap and quick, buy purchasing these &quot;hot stocks&quot;. And it means that the people who send the penny stock emails <em>are actually making money from them</em>. The scam works.</p> <p>Anyway, when I first read about penny stock spam scams, my first thought was, &quot;Bastards! You stinking bastards! How dare you try to take advantage of people like that?&quot;. My second thought, which quickly followed the first, was &quot;What kind of stupid stupid bastard would actually buy stock on advice that come in an email with the subject heading <strong>Hi lsljjfcmkijanucgwopt</strong>? They deserve to lose everything.&quot; My third thought was, &quot;How can I scam people into buying penny stocks? Or can I buy early enough, before the other poor doofuses get the hint, and then sell?&quot;</p> <p>Well, other people have, of course, beat me to the punch. <a href="http://www.usefulconcept.com/" target="_blank">Joshua Cyr</a>, a weblebrity, starting trading hypothetically trading the stocks and posting the information on <a href="http://www.spamstocktracker.com/" target="_blank">his web site</a> in May of 2005. Joshua, who is so <a href="http://www.wirenh.com/News/News_-_general/spam_stock_experiment_makes_Josh_Cyr_a_Web_celebrity_20051012797.html" target="_blank">sweetly humble</a> about how famous his web site made him, has continued the experiment to see just how much he could make using the tips contained in the stock spam. His net profit so far? -$60K. I&#39;ll spell it out just in case you miss the little minus sign: NEGATIVE sixty-thousand dollars.</p> <p>[Fascinatingly enough, the Google ads on Josh&#39;s web site tout penny stocks, as will the ads that appear on this blog post - I so wish that Google&#39;s powerful alogrithms were able to determine the tone of an article from the wording used. Penny stocks are a scam. I&#39;m writing about how terrible it would be to fall for them, and yet - there are the ads. This in no way diminishes my desire to work for Google... Google HR, if you&#39;re reading this - we cool?]</p> <p>Salon.com, who like me, is left-leaning and many, many steps behind the zeitgeist, <a href="http://www.salon.com/news/feature/2007/02/01/spam/index.html" target="_blank">recently published an article</a> more or less ripping of Josh&#39;s idea. Sure, they quoted him, but whatever, right? BTW, you may not be able to read the article if you don&#39;t subscribe to Salon, but the gist of it is that the author loses money by hypothetically trading penny stock in the same way that Josh did, only several years later. </p> <p>I, fortunately, was hampered by the lack of actual cash with which to purchase stocks, and the lack of imagination to simply track the stocks AS IF I had actually invested in them. But people do follow spam advice, do buy these stocks, do make the spammer rich and fat and well-suited in navy blue pinstripe suits, and consequently lose thousands and thousands of dollars overnight when the spammers dump their stock for profit.</p> <p>Now, short of joining a boiler room team (I DO look great in pinstripes, though) and trying to bilk poor schmucks out of their hard-earned 401k dollars, I can&#39;t see a good way to get rich on penny stocks. I&#39;m sure most Wise Bread readers aren&#39;t about to go out and start buying them en masse. But you probably know someone who is stupid enough to consider doing it. I know I do.</p> <p>It&#39;s <em>your</em> job, Dear Reader with Functioning Brain Cells, to prevent your stupid friends and family from letting spam scammers get rich. It&#39;s like the War on Drugs, except that it makes sense, and it might actually work - I&#39;m calling it the War on Greed &amp; Stupidity. It starts now. Educate your fellow Americans.</p> <p>Don&#39;t tell the Canadians, though - it&#39;s high time that we took them down a notch.</p> <p><a href="http://www.investopedia.com/articles/03/050803.asp"></a></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/womanhood-microscopic-and-other-hot-stock-tips">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-paying-off-your-mortgage-early-costing-you-money">Is Paying Off Your Mortgage Early Costing You Money?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-investment-yourself">Best investment: yourself</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/everything-you-need-to-know-about-peer-to-peer-investing-with-lending-club">Everything You Need to Know About Peer-to-Peer Investing With Lending Club</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-cheap-easy-ways-to-invest-your-first-1000">4 Cheap, Easy Ways to Invest Your First $1000</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-avoid-gambling-away-your-investments">How To Avoid Gambling Away Your Investments</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment annoying finance fraud investing penny stocks spam tips trade Wed, 07 Feb 2007 19:03:12 +0000 Andrea Karim 256 at http://www.wisebread.com