What is today's exchange rate ?

72 ways to make money

About Financial Needs

 

Mr. Rich

As if he were some ninja, Mr. Rich creeped up behind his nephew. “Boo!” he shook the boy. “Scared the life out of ya, huh? Thought you were robbed for a second.”

The lad, however, showed little to no emotion.

“What’s your deal?” Mr. Rich asked.

Dejected, the boy replied, “Man, I’m so broke right now that if somebody tried to rob me they’d just be practicing!”

Mr. Rich—holding back the laugher—told his nephew to take a quick stroll with him.

Seconds later, Mr. Rich pulled up an image from Google of a golden goose laying golden eggs.

“Now,” said Mr. Rich, “if you had a choice of which to buy—the goose or the golden eggs—which would you choose?”

Without blinking the boy said, “Of course I’d take the golden eggs. I mean, with those eggs, I could sell them off and buy tons of stuff right now!”

Mr. Rich shook his head. “Nephew, but don’tcha see?”

“See what?”

“By taking the golden eggs up front, you’re taking a dime up front instead of a dollar in the end!”

Puzzled, the boy’s blank stare suggested he didn’t catch the metaphor.

Mr. Rich wrapped a comforting arm around the lad. “What I mean is, by investing in the golden goose, in the long run you’ll pave the way for it to lay countless golden eggs.”

“But where do I find this golden goose?”

Mr. Rich held up a mirror to the boy’s face. “That funny looking fella you see in this mirror . . . that’s your golden goose! And until you start investing all your time and energy into it, you’ll never get the golden eggs!”

The Fintech Revolution

Millennials are entering the job market and by 2025 will make up 75% of it.

I really respect Israeli ingenuity and business style.

“The fintech revolution has begun,” says Dovi Frances, founding partner of the fintech-focused venture capital fund Group 11.

What to watch ?

Lemonade - fintech company. Insure stuff in seconds. No paperwork, everything is done via AI bot. US and Germany markets only.

Next Insurance - business insurance online.

SoFi.com - personal insurance.

N26 - online bank.

Tipalti.com - account payable solution.

''The unbundling of banks''

TripActions.com - business travel reinvented.

Lili.com - a bank. US only.

Chime - a bank.

Hack Your Wealth

Democratize access to wealth!

You don't have to have huge inheritance, or rich parents.

You don't have to study Harvard or Oxford to get jobs that pay huge salaries.

It's the future.

Basic income in Finland

Free Cash in Finland.
Must Be Jobless.

“People in a disadvantaged position, they use a major part of their cognitive ability worrying about their lives, worrying about where they will get their next meal,” says Mikko Annala, a researcher at Demos Helsinki, a think tank. “What if we have this potential there that is continuously worrying about life, about making it? What if we can get that into use by giving them something? That is a hypothesis that we should absolutely test.”

“Basic income is kind of a symbol that we believe in your capacity and we think that you are actually able to do things which are beneficial to you, and also for your community,” says Heikki Hiilamo, a professor of social policy at Helsinki University. “It’s built on a kind of a positive view of human beings. People want to be autonomous. They want to improve their well-being.”

Cost of living - Croatia vs. Germany - today

7 Core Beliefs

Of People Over Profit Companies

Belief 1
People Matter

How you make customers and employees feel about themselves, says a lot about your business. Learn the 3 key mindsets required to treat team members like people, not parts.

Belief 2
Truth Wins

Leaders must tell the truth completely, tell the truth quickly, and tell the truth clearly. Understand how the best companies have harnessed truth to drive sales, exposure, and loyalty.

Belief 3
Transparency Frees

Company vulnerability + management accessibility = transparency. Learn how the best leaders found profitability and performance in the absence of hiding, shielding, or manipulating information.

Belief 4
Authenticity Attracts

Fight the lie and resist the urge to become someone else. Become who you really are by discovering the 5 questions defining the world's most connected brands.

( credit to Dale Partridge )

Banking panic in Croatia is reality

One bank down, four to follow

My patience is over.

I have completely lost faith in croatian banks. More so, I have lost faith in Croatian Central Bank who failed to act properly on the recent Credo Bank banruptcy.

More so, I have lost faith in some croatian investment funds who never disclosed information that they had parked the money of their clients in no name - zombie banks.

The whole system is not stable anymore, although many state officials tried to calm down public and try to prevent panic.

Now we need to wait and see. Financial disease spreads faster than I thought before and in places where you wouldn't expect normally.

Extraordinary times, indeed.

Uncharted Waters For Casino Capitalism

Financial english idiom. The comin of the new dark age

Tommorow, the global stock market will have to ''price in'' following facts and new realities:

- S & P's downgrade of USA top-notch credit rating

- European soverign debt crisis - Italy and Spain bonds

- First signs of global economic slowdown, possible signs of the new recession

- the dollar is, de facto, no longer reserve currency

- China becomes officially the mightiest global superpower

- The reality of the full multi-polar geopolitical order

If you're in uncharted waters, you are in a situation that is unfamiliar to you, that you have no experience of and don't know what might happen. ('Unchartered waters' is an incorrect form that is a common mistake.)

Source: english dictionary

Euro - Game Over !

Deutche Mark - Welcome !

Don't tell me it wasn't predictable ?
European Monetary Union is dead as ''dead chicken ''.

It is still not clear will there be another collosal financial collapse aka Lehman-style ( only worse ).


Anyhow, time is running out for all those Bruxelles's fuckers and politicians. Party is over.

How to play markets in the coming months ?

- buy dollar/ sell Euro
- buy German Bunds
- sell Dax Index
- sell Swiss Franc
- sell Belgium share index
- buy European travel companies
- sell US banks

Yes, that's rock n' roll.

Ultra Cheap Property In Florida

Property slump

Location: Fort Lauderdale, Florida, USA.
This property sold for $145,000 in 2006 and is now priced at $26,900.

Money Cake

Happy Birthday !

The Day Dollar Died

It's not anymore question of ''if'', but ''when''.

Nobody knows exact timing. Nobody knows exact consequences. Everyone who says he's smart enough to know about this, is a liar.

Why I care about all of this ? Well, the effect of this unfortunate event in USA will be felt all around the World. Immediatly. Remember October 2008 ?

This time will be worse. Here's a movie about one of those scenarios :



Most Americans are naive enough to believe that because the U.S. has survived for so long with such a huge national debt and continuous budget deficits, the country will be able to continue down this path forever without any consequences because after all, this is America we are talking about.

The truth is, US national debt has grown by 70.7% over the past five years, compared to 41.8% during the previous five years, and 14.3% during the five years before that.

Meanwhile, US GDP has grown by 17.9% over the past five years, compared to 27.5% during the previous five years, and 32.9% during the five years before that.

Americans gone from their GDP growing more than twice as fast as their debt, to debt growing at nearly quadruple the speed of US GDP.

A train wreck is getting ready to happen and this train wreck is literally unstoppable.

Hedge Fund Holdings

Network map of some stocks which are held by at least two hedge funds.

The red nodes are the fund managers for each hedge fund. The bigger the size of the node of a stock (blue nodes) means that the stock are held by more hedge funds.

* Appaloosa Management (David Tepper)
* Baupost Group (Seth Klarman)
* Berkshire Hatheway (Warren Buffett)
* Blue Ridge Capital (John Griffin)
* Bridger Management (Roberto Mignone)
* Conatus Capital (David Stemerman)
* Fairholme Capital Management (Bruce Berkowitz)
* Greenlight Capital (David Einhorn)
* Harbinger Capital Partners (Phil Falcone)
* Lone Pine Capital (Stephen Mandel)
* Maverick Capital (Lee Ainslie)
* Pabrai Investment Fund (Mohnish Pabrai)
* Paulson & Co (John Paulson)
* Pershing Square Capital Management (Bill Ackman)
* RBS Partners (Eddie Lampert)
* Shumway Capital Partners (Chris Shumway)
* Soros Fund Management (George Soros)
* Third Point LLC (Dan Loeb)
* Tiger Global (Chase Coleman)
* Tiger Management (Julian Robertson)
* Viking Global (Andreas Halvorsen)

Crisis Of Credit - Visualised

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

Friday Wonder

Miracle ;) The zen of used cash

Trillionaire

Drill the fat

6,9 billion x 1 000 units = 1,06 trilliones

It's Never About The Money