COPY CATWritten by Al Thomas
THE ALCHEMIST by AL THOMAS COPY CAT How many books have you read about successful traders? How they did this or that and made a fortune and are still doing it. You say to yourself, “I’m going to follow his method and get rich”. So you subscribe to his newsletter (they all have one, $250) and buy his course on CD Rom ($495)and next time he is anywhere near you attend his seminar with a $500 discount for only $2495. You do understand you must do exactly as he does and you try your best to follow directions, but for some reason you still are not making money. At least you are not losing as much as you did before (I hope). Go look in mirror. You are not Richard Russell, Richard Wyckoff, Bill O’Neil or any one of great gurus of market place. Each one of them has devoted every minute of his life to understanding market. Each one is very successful and each one has a completely different way of approaching trading. Can you copy any one of them? It is very doubtful. These great teachers can help you, but you have to develop your own method and style of investment. Whether it is long term or short term it must be something with which you resonate. When I was a floor trader there were a thousand guys trading and I know there were a thousand different guide lines. No one had same buy or sell signal. If they all followed a pat program they would all be buying and selling at same time so it could not work.
| | What is an Unsecured Loan? Written by John Mussi
An unsecured loan is a personal loan where lender has no claim on a homeowner's property should they fail to repay. Instead, lender is relying solely on ability of a borrower to meet their loan borrowing repayments. The amount you are able to borrow can start from as little as £500 and go up to £25,000. Because you not securing money you are borrowing, lenders tend to limit value of unsecured loans to £25,000. The repayment period will range from anywhere between six months and ten years. Unsecured loans are offered by traditional financial institutions like building societies and banks but also recently by larger supermarkets chains. An unsecured loan can be used for almost anything - a luxury holiday, a new car, a wedding, or home improvements. An unsecured loan is good for people who are not homeowners and cannot obtain a secured loan for example; a tenant living in rented accommodation. There are a few things to consider before applying for an unsecured loan: Unsecured loans are invariably more expensive than secured loans, and repayment periods demanded by lenders are shorter too. This is because they have no guarantee that you can repay loan, and therefore charge you more in interest to cover cost of insurance policies that they need to take out to protect them should you default on repayments. In event that a borrower does not pay up, lender will invoke terms of legally-binding credit agreement and pursue borrower through legal system.
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