Affordable Car Insurance Quote Online

The coming of internet has been a great boon for the people of today. Internet has brought the world and the various types of information very close to us at the click of the mouse. When you go for shopping online for car insurance quote online you get so many advantages and the most important thing is that you are saving on your time and energy. You don't have to wait for an agent to come and

Investing in Options

I do not like to invest in options. My reasons are:

• The price of the option is decided by an expert who takes the other side of the trade. This expert is likely to fix a price that will give him a profit (after allowing for the future possible outcomes). As the other party to this "bet", the retail investor is likely to make a loss.
• It is possible for the option issuer to manipulate the price of the underlying shares to avoid making a loss. For example, if the option pays out a large sum of money when the underlying share hits a certain price, the option issuer will buy or sell the underlying share to avoid hitting the strike price. The cost of buying the manipulating the price of the underlying share will be lower than the  payout on the option strike.

If a retail investor wishes to speculate, it is better to buy or sell the underlying share, rather than buy an option. For long term investors, it is better to buy blue chip shares and keep for the long term to enjoy the dividends and the long term capital gain (and forget about short term fluctuation in the share price).

Lesson: Do not invest in options or other derivatives. Buy or sell the underlying share. Speculating in futures is all right, as the price is a direct reflection of the underlying share index.

Policing the Internet

I found this statement in Singapore Notes:

In the CNA Talking Point episode "Policing The Internet", MP (Tampines GRC) Baey Yam Keng claimed that the Ministry of Law sees the internet as another platform for real world criminals to operate from, and people need to be protected from fraud, cyber-bullying, etc. The timing of gazetting online blogs had nothing to do with policing the internet, he said with a poker face. While at it, he might as well add that the president's addendum had nothing to do with the online revelations about the circumstances of his son's 12 year deferment. The wording of the Ministry of Law statement on the subject goes like this:"The proliferation of new media has brought about new challenges to the rule of law and the ministry will review legislation to deal with harmful and unlawful online conduct". Smells like a good-cop-bad-cop routine is in play.

I am in favour of policing the Internet to make sure that it is useful for lawful purposes. This is to prevent people from doing harmful things while remaining anonymous. I know that it is difficult to police the Internet but it should not deter us from taking the challenge.

The first step is to lay down the law clearly and identify what are offences and crimes. Some examples are:

• Defamation
• Bullying
• Telling lies
• Cheating

These are offences in the real world, so it should not be different in the Internet world. The next step is to enforce the law and take action against the culprits. This is not different in the real world. Someone will report to the Police of an alleged crime. The Police will have to investigate and gather evidence to find out the culprit and charge the culprit in court. 

The next challenge is to have sufficient people to do the work. There is no short cut to enforcing the law - you need policemen and public prosecutors. These are good jobs - much better than having more people to be insurance and property agents!

I am also in favour of a requirement that people posting statements should be identified. They can use a pen name, but their real name should be registered somewhere and can be traced for accountability. I do not support people giving views and statements under anonymous cover, as the lack of accountability can lead to bad behaviour.

Some people feel that they have to be anonymous to avoid bullying by the people in power. This is not a good reason. If the people in power act badly, we should vote them out of office. But if they are elected, we have to live with the consequence, i.e. obey the rules and the law - including speaking with accountability.

Risk of Credit Default Swaps (CDS)

Suppose you bought Greek bonds and to protect yourself against default, you bought a CDS and paid a premium for this protection. The Greek government now offers repayment with a 50% "haircut" (i.e. you suffer a 50% loss) and you wish to make a claim on the CDS. Will you get paid for your loss?

According to this article, you will not be paid, as this is called a "voluntary settlement". On the other hand, there are many investors who were on the other side of the CDS during the Lehman crisis, and they lost all of their investments. It is "tail they win, head you lose".

Lesson: Avoid all types of complex instruments. Just invest in the STI Exchange Traded Fund or in blue chip share". Attend the FISCA Financial Planning talk - http://easyapps.sg/assn/Org/Event.aspx?id=5

DBS High Notes Investors Lose Appeal

It is sad that the retail investors lost the appeal with cost. This means that they lost their investment and also have to pay their lawyer's fees. So, their loss is compounded.

Singapore Investors Lose Bid to Recoup $14 Million Lehman-Related Losses

http://www.bloomberg.com/news/2011-11-02/singapore-investors-lose-bid-to-recoup-lehman-related-losses-on-appeal.html

The Bloomberg article did not mean the words "with cost". I remember reading it in the newspapers.  I believe that this meant that the investors also have to pay the legal fees of DBS Bank (but I need someone to confirm this fact).

In contrast, read this Good News for Pinnacle Notes Investors

Collapse of MF Global - the lessons

Read Lucky Tan's article here.

The collapse of MF Global in the USA have a direct impact on retail investors in Singapore. They have money in their accounts with this brokerage firm and are worried that they may not be able to get their money back.

This brokerage firm lost a lot of money in the European bonds. It was reported that they might have transferred some of their client money to cover these loses.  It could be a big mess.

600 million missing in MF Global

This raises the issue about financial institutions, such as banks and brokerage firms, being involved in large scale speculation with their shareholder's money and, through illegally means, with their client's money. How can it be prevented?

I recall reading about the Glass Stegall Act in the USA which used to separate investment banking (where the speculation is carried out) from commercial banking (which has the fiduciary duty of looking after the money of their clients. This Act was passed during the Great Depression - after the lesson of the global financial collapse in 1928 - to address the same problem. With the passage of time, the lessons were forgotten and the key provisions of the Glass Steagall Act was repealled. This allowed the replay of the same drama.

Here is a description of the Act from Wikipedia:

The Banking Act of 1933, Pub.L. 73-66, 48 Stat. 162, enacted June 16, 1933, was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and introduced banking reforms, some of which were designed to control speculation.[1] It is most commonly known as the Glass–Steagall Act, after its legislative sponsors, Senator Carter Glass (D–Va.) and Congressman Henry B. Steagall (D–Ala.-3). Some provisions of the Act, such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm–Leach–Bliley Act, named after its co-sponsors Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia).[2][3]
The repeal of provisions of the Glass–Steagall Act by the Gramm–Leach–Bliley Act in 1999 effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks.

What are the lessons for today? Financial services and banking have to be more strongly regulated. Some specific measures include the following:

• To separate investment banking from commercial banking

• To require all trust account to be held by the banks, and not the brokerage firms. However, the law has to be updated to make it convenient to operate these trust accounts conveniently and through electronic means - and still retain the value of a third party oversight.

If these measures are not addressed, we will continue to see a repeat of other failures, similar to MF Global.

Finding Wrecked Cars For Sale the Easy Way

First of all you might wonder why anybody would want to purchase a wrecked car in the first place. We all want nice cars, right? Well there are economic reasons why buying a wrecked, or salvage car is a smart move. If you purchase a vehicle that has been wrecked or damaged in some way you will be able to buy it at a much lower price than the going market rate. If you have the ability and the patience to fix a wrecked car you can turn around and sell it for a nice profit. Or, you can build yourself a nice project car. The trouble, sometimes, is finding a good way to track down the good deals on these wrecked cars for sale.

There are salvage yards in most cities or towns, and they sometimes have decent deals. The problem is that their inventory is usually fairly limited. A salvage yard near you might not have what you are looking for, but another yard 100 miles away might have it. The problem is that you can't keep track of the inventory of all of the surrounding salvage yards and wait for just the right model to show up. What you need is a centralized place to look at the inventory of many different sellers and the ability to buy quickly before somebody else snatches up the car you are looking for.

We Buy Any Car

The solution to this problem might be surprising at first, but it makes sense when you look at the numbers. Ebay has tens of thousands of cars for sale at any given time, both in the auction and "buy it now" formats. While relatively few of these cars are wrecked or salvage cars, the sheer numbers involved make it certain that there will always be a nice supply of this kind of car. You can narrow your search in terms of finding the model, make and year that you are interested in. You can search through the cars to find one that is reasonably close to your present location. You can even take a look at different models and you might change your mind when it comes to selecting a car to buy.

While it might seem inconvenient to drive a few hundred miles to pick up a salvage car, you should remember that this method will allow you to shop from home until you find just the right car. No more driving around salvage yards hoping in vain to find the right car.

So, for the most convenient, most informed and the most enjoyable way to find a wrecked car for sale, eBay is the ultimate resource. Buying a salvage car is not the same as buying a regular car. Having the ability to search through thousands of cars in hundreds of locations puts you in the driver's seat.

Finding Wrecked Cars For Sale the Easy Way

[OOC] What the imagination can do...

Forum rules
This forum is for OOC discussion about existing roleplays.

Please post all "Players Wanted" threads in the Roleplayers Wanted forum!

Topic Tags:

Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.
"What the imagination can do..."

I'll be happy to answer any questions about the roleplay in general here. Or just have open discussions. Hope to hear from those interested.

Vio-Lance

Member for 1 years

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The idea is intriguing, and unlike anything I've done so far. I should like to participate (if this RP garners interest.) My only fear here is that this RP might end up a victim of the whole "Too many cooks" thing.

If no mistake have you made, yet losing you are ... a different game you should play.

Yashie

Member for 0 years

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Well, personally, too many cooks can never be that bad in my oppinion. I just love food, though.

I might be fat.

Anyway, hope you decide to join in. And as stated above, if you have any questions, let me know! Unfortunately I won't be on for the next few hours, but if you submit a character, I'll be glad to approve them. Thanks!

Vio-Lance

Member for 1 years

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Singapore's crime rate

Lucky Tan asked:

Singapore has the highest prison population per capita after USA among developed countries. We have the 2nd highest rate of incarceration in South East Asia. Our rate of imprisonment is triple that of Malaysia. There is this poster that the SPF put up around housing estates that says "Low Crime Rate Does not mean no crime". If our crime rate is low, why are there so many people imprisoned? The USA has a large prison population because the crime rate is high.
http://singaporemind.blogspot.com/2011/11/singapores-high-prison-population.html

Home Repossessions Halted in Ireland

Amplify’d from businessandlegal.ie

Many hard pressed homeowners, fearful of losing their homes as a result of being unable to repay their mortgages, have been handed a lifeline by a High Court decision in July 2011 by Ms Justice Dunne. Background Prior to the implementation of the Land and Conveyancing Law Reform Act 2009  lenders relied upon section 62(7) of the Registration of Title Act 1964 to apply to Court to seek a possession order when the borrower had defaulted on his loan. The decision of Ms Justice Dunne that section 8 of the Land and Conveyancing Law Reform Act 2009   repealed section 62(7) of the Registration of Title Act 1964 means that lenders can no longer rely on section 62(7). Read more at businessandlegal.ie

 

See this Amp at http://amplify.com/u/a1gbcn

The Right Expatriate Health Insurance Plan

The Right Expatriate Health Insurance Plan

Choosing the right health insurance plan for expatriates is a very important decision. This decision will make you feel safe and take care of the financial burden in case of emergency or illness, a regular annual check-ups. Expatriate health insurance policies and insurance providers that may arise, they can provide you with a comprehensive one year or for the rest of your life. It is important to consider all your options when choosing a health insurance plan for international Insurance broker, we can help you in this process • By providing you with a comprehensive list of all the right choice that suits your individual situation. We use the quotation all seriously, and after conducting extensive research into one of our consultants will compile a detailed list of health insurance plan that best fits your needs. You will be contacted within 24 hours via email or phone and may ask additional information so we can provide you with the best plan. Once you decide on a health insurance plan in a foreign country, that our health insurance for foreigners who will help you throughout the application process and must be available to answer all your questions. Insurance broker can help you arrange a rapidly growing number of insurance companies and their policies. As a valued customer, we will point out a plan that is designed to best fit your needs. The majority of foreign medical insurance plans will include the following: in patients with out-patient, dental, childbirth, the immigrants, as well as coverage for pre-existing chronic diseases. Reading through various devices with different insurance plans offered to fully understand what you want your plan to cover. Please contact our consultants for the collection of medical insurance overseas

Introduction to Future and Options

Futures are basically contracts used to trade an investment instrument for a certain price on a specified date, sometime in future. In non-technical words, it is a bet placed on price of an instrument in future. Such is trading is technically, called 'Futures Trading'. 'Futures trading' is done using 'Futures Contract'. Futures contract is a standardized legal contract that mentions the specifics finalized for trading of futures. It mentions the instrument which traded (either sold or bought), the specified price and a pre-agreed calendar date in future.

Futures trading can be practiced on any of the options, including: trading commodities using futures, trading currencies using futures and trading in stock markets using futures. The futures trading involves two parties i.e. a seller party and a buyer party. Both the parties involved, make an attempt to predict the value of the instrument, in recent future (till a specified date). All these details are mentioned in the futures contract. There is no actual transfer of the instruments rather their price is predicted and based on the prediction money transfer takes place from one party to another.

In case, the expected price is reached on the specified date, the investor earns the profit. But, if there is a mismatch then, it ends in a loss. This kind of futures trading in India is governed by SEBI. This is a high risk involving investment and hence, only experienced professionals are advised to take a plunge into it.

Next, in contrast to the futures, there exists a second type of investment channel termed, 'Options'. More information on basics and options trading is provided in the next few paragraphs.

Options are a type of investment which involves trading of a security, based on a mutually agreed price on a specified date. 'Options' predict the price of the security in near future in comparison to 'futures trading'. This information is gathered from the stock market only. There are two types of 'Options' - one is called a 'Buy' or a 'Call' and the second is called a 'Sell' or a 'Put'.

A 'Call' provides the instrument holder with the right to buy an instrument on a mutually agreed price on the specified date. Contrastingly, a 'Put' provides the instrument holder with the right to sell an instrument on a mutually agreed price on the specified date.