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General Musing

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Posts Tagged ‘finance

Cold Calling Stock Tips from New York to Amsterdam

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For some strange reason I was added to a call list by the American stock brokers firm Joseph Gunnar, one of their brokers – Joe Steward – called on the 24 of October to tell me we had spoken last year and to scold me for failing to follow his advice and invest in a company. I have a reasonably good memory, and certainly would have remembered a call from a brokers firm in New York, so I was reasonably sure he started of with a lie.

Joe told me that he had some information that Ford would be releasing good results and repeatedly reminded me that Ford had not been bailed out by the US government. Ford was at $12.49 and was on it’s way up, he told me I would regret it if I didn’t step in at that moment in time. And all he was asking was $10,000. Surely I could work on trust and cough up a measly $10,000 to establish a relationship with Joe. As we were speaking Ford had already gone up to $12.51.

A fool and his money are easily parted, and I’m no fool. I asked Joe to send me the information by email, and time being a critical element he had his assistent Alissa Raineri send it to me a couple of hours later. Turns out Joseph Steward is the Senior Vice President of Investments for Joseph Gunnar – in US American companies this is mostly one step up from the chai wallah. That was at least that is what the letter Alissa attached to the mail said. What Google says about Joseph Jemel Steward is was far more interesting.

Due diligence done I decided not to react, knowing that Joe was going to call me with in a week. The next days I checked to see what would have happened had I been a gambler, on the 24th Ford closed on $12.51 and from that day on it has been going down to a low of $9.75. Had I listened to Joe I would have lost $2206 at Ford’s current value.

Obviously Joe called me back and asked whether I had invested in Yahoo! as he had advised me. I hung up the phone.

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Written by Daniël W. Crompton (webhat)

November 28, 2011 at 9:18 pm

A catalog of this year’s risky articles #2010

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Programming Hands

Risk is something which can be difficult to evaluate for the average person, there is a lot of work which goes in to learning not to do the two things that people usually do when they are confronted with risk:

  1. Ignore
  2. Overreact

It looks like every man and his dog needs to have a Facebook page, even banks…

It has been almost 1.5 weeks since Google’s FeedBurner removed the Frie…

Some days ago I tweeted to Prosper, a personal loan marketplace, whether they…

I don’t really think most people get “it” when it comes to …

Just noticed that Google Translate translates the name of the Dutch social ne…

I find a 400 plus page manual of office policies and job descriptions for eac…

In the last two days I’ve not been posting so much, and focussing on up…

I started playing with Google Scribe and wanted to see if patterns emerged so…

I have my Google account set up with English as the preferred language, my br…

For the last 2 years LinkedIn has been running a bad poor IT management depar…

When I just started I too had trouble with getting all the items I required t…

On August 11th 2007 I exceeded my GMail quota, I blogged about it here. At th…

Brian Szymanski send a reply to me concerning another bank implementing SMS b…

I don’t understand why url expansion after url shortening is such an is…

I just read an article Web Coupons Know Lots About You, and They Tell in the …

This morning/night China’s networks were sending rerouting messages to …

The lack of trained and experienced computer security people working in small…

Last week I saw an episode of a popular Dutch Ombudsman program Kassa, they r…

After seeing a program about a lifecoach trying to find the time to get his p…

Image source Radio Nederland Wereldomroep

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Written by Daniël W. Crompton (webhat)

December 7, 2010 at 4:30 pm

Posted in Uncategorized

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Prosper allows loans to fund Kiva projects #microfinance

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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.

Written by Daniël W. Crompton (webhat)

November 24, 2010 at 9:44 pm

From e-Gold to Payment Systems (Update) #finance

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Written by Daniël W. Crompton (webhat)

July 28, 2008 at 4:01 pm

Posted in business, finance

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Not Going Offshore

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Squire-Org‘s Alexander Hay posted a nice mail on going “Offshore”. “The point of going ‘offshore’ is to take advantage of another jurisdiction that may provide more friendly laws and regulations in regards to taxes, asset protection and privacy.

He covers it from a US point of view, but the same can be said for Europe. With the integration of European banking and the hunt for tax refugees in Europe it has become increasingly difficult for Europeans to protect their assets.

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Written by Daniël W. Crompton (webhat)

July 25, 2008 at 7:29 pm

Posted in finance

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99c #money

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Written by Daniël W. Crompton (webhat)

July 25, 2008 at 12:22 pm

Posted in business, finance

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