Archive for the ‘finance’ Category
You wouldn’t be reading this if it wasn’t for Trumpet Winsock, after my initial use of Bulletin Boards in the early days of the internet it was thanks to the ISP Netland and Trumpet Winsock that I first arrived on the net. Being a snotty nosed kid I quite happily used shareware programs without a thought to the writers, let alone paying for it. I well remember the joy that this tool brought to me, although the rest of the internet may not be too happy about it.
I was sad to hear that Peter Tattam, the writer of Trumpet Winsock, got very little for the most widely used piece of shareware software. So now is the time to set it right by paying the fee you should have originally paid using PayPal: [email protected]
Thanks all… I had honestly thought the Internet had forgotten about me.
Image source: Imperial College London
I think the RenMiBi ¥, Yuan, is probably a better investment than the US Dollar $ and Euro €. Had I invested the €10 a month that I didn’t spend on the Lottery in the Yuan I could have earned 20% in the first 6 months or 10% had I held on to it until 2011. With $10 I would have earned nothing for the first 6 months, and I could have ended the year up 5%. As a Dollar investment it looks like you can’t lose investing in Yuan, and with the adjustment of the currency basket in 2008 and the fickle nature of the US Dollar the CNY to EUR is more profitable and slightly more risky in the short term.
Flogs, which offers a shared calendar and digital organizer system, went through another round of funding recently. They had already received €2M VC funding from Lost Boys, Media Republic and Guerilla Games. The VC, who I have not been able to identify, has delayed the capital injection which Flogs currently needs. The VC cited the “current economic climate” as reason for the delay.
For Flogs, who are in their second year and have yet to turn a profit, this has meant that the purse strings are being pulled tight, which means they are losing some of their current staff.
Flogs are still looking for developers: Jobs @ Flogs
For Christmas my girlfriend’s mother followed the advise I long ago gave to my girlfriend: “Only buy a book for when you don’t understand what it says on the cover.” That resulted in the book Fooled by Randomness by Nassim Nicholas Taleb. It covers a number of points, one of which is excellently explained in the Dilbert strip below:
One of the point that Taleb makes is one that Bruce Schneier also makes: the difficulty for people to understand causality and correlation. It is such a difficult subject that even Taleb confuses correlation with causality when it comes to smoking, for which I assume he has a distaste, and this exactly proves the point that his book is making.
Some days ago I tweeted to Prosper, a personal loan marketplace, whether they would allow somebody to take out a personal loan and use it to fun a project on Kiva. The idea came to me after reading a note from somebody on recycling money on Prosper for investment – borrowing at a low rate and lending at a higher rate.
So I thought I should ask Proper about the possibility, they said:
Yes! Just choose “other” on your loan type and explain to potential lenders what you are using the loan for. Thanks 4 asking
Naturally you are responsable for any defaults on the loan, but spreading small amounts round different projects will reduce your risk, while allowing you to make a difference for others even if you yourself don’t have the money to lend.