Investing and Learning How to Lose

Written by Ioannis - Evangelos (Akis) C. Haramis

One ofrepparttar leading traders on Chicago Mercantile Exchange, because of a single trade lost everything!

For all of his years of experience and money, he had failed to masterrepparttar 150492 most important concept in trading: Risk Management!

Each trader seems to have his own unique way of identifying market opportunities. One buys a stock inrepparttar 150493 hopes of never having to sell it, while another might hold a position inrepparttar 150494 market for a day or even just a few hours. Yet both individuals might be immensely successful inrepparttar 150495 markets. How can that be?

It's because every trader who has been consistently successful inrepparttar 150496 markets has masteredrepparttar 150497 concepts of risk management.

Warren Buffet's two rules of investing are:

1. Never lose money and

2. Never forget rule number 1!

Paul Tudor Jones says that he is always thinking about losing money as opposed to making money. He does not focus on making money; he is focusing on protecting what he has!

Jim Rogers, who for years was a partner with legendary hedge fund investor George Soros, said "My basic advice is don't lose money!"

Bernard Baruch,repparttar 150498 renowned investor fromrepparttar 150499 first half ofrepparttar 150500 20th century advised "Learn how to take losses quickly and cleanly."

Purchase Your First Home with Confidence

Written by Neda Dabestani-Ryba

Purchase Your First Home with Confidence By Neda Dabestani-Ryba Prudential Carruthers REALTORS

If you are makingrepparttar transition from renter to homeowner, you're not alone. In 2004, 40 percent of homebuyers were purchasing forrepparttar 150450 first time, according to "The 2004 National Association of REALTORS® Profile of Home Buyers and Sellers." With interest rates at all-time lows and a booming real estate market, now's a good time to purchase real estate. However withrepparttar 150451 prospect of making one ofrepparttar 150452 largest investments you'll ever make in your life, you can easily become overwhelmed. Some ofrepparttar 150453 questions you may be asking are: Will I be able to affordrepparttar 150454 home of my dreams? Do I have enough money for a down payment? Will I make smart home buying decisions? If you go intorepparttar 150455 process prepared, your first purchase can be a good experience. Resources--Before starting out, educate yourself onrepparttar 150456 process. Check your library or local newspaper to find a homebuyer seminar that you can attend. The U.S. Department of Housing and Urban Development has an entire section on its website ( devoted to homebuyers. It has a list of common questions of first-time homebuyers, information on mortgage and home-buying programs, access to housing counselors, downloadable tools such as a wish list and home-shopping checklist, tips on selecting a real estate professional, etc. Other informative sites to check out are, and Your real estate professional is also a great resource. Don't hesitate to let him or her know that you are new torepparttar 150457 process. They will expect you to have questions at each step-from house hunting, to making an offer torepparttar 150458 closing. The costs involved inrepparttar 150459 purchase of a home can be overwhelming to first-time homebuyers. There are mortgage costs,repparttar 150460 down payment, and closing costs to think about. Affordability--By looking at your income and debt ratio, your sales professional can help you calculate how much you can afford each month in mortgage payments. But before determining your price range, you should also take into consideration other factors that will affect your monthly budget once you are a homeowner, such as property taxes, insurance, utilities, and maintenance. And if your down payment is less than 20 percent ofrepparttar 150461 cost ofrepparttar 150462 home, you will be responsible for private mortgage insurance, more commonly referred to as PMI.

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