What’s in your wallet? Money Meme

Here’s a picture of my wallet as it is right now… It’s quite a bulky thing, but that’s probably because of all the crap I keep in it! I don’t usually carry it in my pocket! It’s in my bag most of the time.

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So, let’s see what is in it!

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One Taiwan ARC Card; two driving licenses; one car registration; two insurance cards (one already out of date); one bank account number (why?); a 2007 calendar; one NT$1000 bill; a National Health Insurance IC card; an MRT card (called EasyCard!); a CostCo Membership card; a Telephone Card (with IC); a Subway Customer Card (we have one near here!); a MasterCard and some ATM cards, none of which I use particularly often; and a NT$5 coin. That’s it. Oh, and I found an insurance sticker with a phone number that I SHOULD stick on my car window, but always forget to…

It was helpful, I threw out the old calendar, and reminded myself to renew my car registration; I also have to stick the Insurance Sticker on the window, just in case.

OK. So here goes: who’s going to follow me in this meme! Let’s see if Elizabeth at Table for Five will…!

Do mention in the meme: This meme was started by InvestorBlogger.

Panasonic, Prada and Perspectives: Change isn’t that hard, is it?

Flower shopping: a whole new world view! 

Just yesterday, I went with Christine to a flower market in Taipei. This is something I normally hate doing, but this time something twigged: I may not appreciate the enjoyment and satisfaction she has from growing and keeping plants, but I could enjoy another aspect that I already knew about – taking photographs of the specimens. And the new power zoom of my Panasonic Lumix made it that much more fun.

Fashion affects us all

While I was thinking about this, another example sprang to mind: The Devil Wears Prada. Since this movie is set in the fashion world, most of the girls I knew reckoned that I wouldn’t or couldn’t possibly enjoy this movie. But they were wrong! And I was teased mercilessly for enjoying a ‘chick flick’ but I didn’t see it as a ‘chick flick’ at all. Far from it.

What was my secret? I had found something that I really enjoyed in the movie, the intrigue, the lead character called Miranda Priestly – played by Meryl Streep (one of my favorites since I first saw her in “Out of Africa”) – and the whole business of the fashion world. I also loved the idea that the fashion magazines were somehow connected to our daily lives, as Andy Sachs promptly found out, when lashed by Miranda’s tongue in the following diatribe:

Miranda Priestly: [Miranda and some assistants are deciding between two similar belts for an outfit. Andy sniggers because she thinks they look exactly the same] Something funny?

Andy Sachs: No, no, nothing. Y’know, it’s just that both those belts look exactly the same to me. Y’know, I’m still learning about all this stuff.

Miranda Priestly: This… ‘stuff’? Oh… ok. I see, you think this has nothing to do with you. You go to your closet and you select out, oh I don’t know, that lumpy blue sweater, for instance, because you’re trying to tell the world that you take yourself too seriously to care about what you put on your back.

But what you don’t know is that that sweater is not just blue, it’s not turquoise, it’s not lapis, it’s actually cerulean. You’re also blithely unaware of the fact that in 2002, Oscar De La Renta did a collection of cerulean gowns. And then I think it was Yves St Laurent, wasn’t it, who showed cerulean military jackets? And then cerulean quickly showed up in the collections of 8 different designers.

Then it filtered down through the department stores and then trickled on down into some tragic casual corner where you, no doubt, fished it out of some clearance bin. However, that blue represents millions of dollars and countless jobs and so it’s sort of comical how you think that you’ve made a choice that exempts you from the fashion industry when, in fact, you’re wearing the sweater that was selected for you by the people in this room. From a pile of stuff.

Shift your focus: Shift your future

That’s when it suddenly hit home to me, if I’m struggling to understand why something is interesting to other people, I just need to shift my focus to something that I am already familiar with, and perhaps, just perhaps I can make a connection with it that helps me to ‘get it’.

When I first started doing the finances, and handling the money, it was a very difficult time for me, as I had to learn new ideas and unlearn my former prejudices – thinking about, talking about, and taking action on finances weren’t things that came easy to me.

How Things Change

In fact, it would be impossible for me to imagine then that I could be writing a finance column about money, investing, loans, credit cards, blogging and technology (to name a few of my themes!). But somewhere between the date I got married in June 1995 and when we bought the house in 1999, a transition took place in my brain that allowed me to grasp ideas and information that had been ‘foreign’ to me for a long time.

Have you had a similar experience? Share with us.  Ever had to tackle something that you had a distaste for? What happened?

Buzz: Trading Concepts – Can you make money on E-Mini?

Since 2007, Linkworth has been providing me with regular reviews for some time now, and now I’m looking at a website that aims to help traders perform much better in the stock market. The website is called Trading Concepts, Inc. and you can find the URL at www.tradingconceptsinc.com, and aims to teach investors how to trade on a daily basis (daily trading), as well as options and futures for the emini market.

Who is Todd Mitchell?

A search on Google also brought up the fact that this company run by Todd Mitchell had been trading since 1994. Todd Mitchell has been providing study-at-home courses and training in trading since then. So he is a veteran in the ‘teaching sells’ market online. You can listen to his introduction on MP3 (link removed).

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Traders Need Concepts, right?

Given the highly volatile nature of the markets that this website is focusing and the potential risks for traders in these markets to lose all of their investments, creating and marketing a website that helps to teach investors about these markets seems like a great way to make money.

Since this website’s purpose is to make money from teaching, customers are expected to purchase a membership which now costs $2,495 $1,795. While the website claims that this is quite inexpensive compared to other courses, I can’t verify that claim. I do know that workshops and seminars can be QUITE expensive. The real question is: Is the course WORTH $1,795?

Is the price right?

When you order this set of courses, you will receive:

  1. “…a 250 + page Comprehensive Manual,
  2. 4 Professionally Shot Video Tapes (50+ page manual),
  3. 3 Hours of Professionally Recorded Audio CD’s (50+ page manual),
  4. FREE Unlimited Phone/E-Mail Consultation,
  5. FREE Unlimited Access into the Members Area of your website and
  6. A FREE Day Of LIVE Market Training.

It’s clear from the list of items that the key lies in WHAT information the books, videos, and CDs contain, rather than the quantity of such information. A trader who’s trading daily and looking for an edge may decide that the price offers great value for money.

With courses that promise to unveil the techniques it’s difficult to find exactly what inside information or techniques they are selling but the website offers a number of pages that can help: Exactly What Is The S&P 500 Futures Market?, Trading Links, and there are some short articles that can help point you in the right direction:

  • 20 Survival Skills For The Trader – The road to Trading Success is never a straight line
  • Exactly What Is The E-Mini/S&P 500 Futures Market
  • Trend Trading vs. Counter-Trend Trading
  • Traits Of A Successful Trader/Investor
  • Glossary Of Trading Terms

If you are interested in finding out more, Todd offers a free sample of his materials that can help you evaluate whether the product is suitable for you or not.

Conclusion: Experience Counts For Something

Todd clearly has a lot of experience in the marketplace, and has been offering his products online and offline for more than 13 years. In a here today/gone tomorrow internet world, this offers a certain amount of confidence to the trader or investor who is looking for solid, verifiable experience in what is otherwise a very risky market.

This post has been sponsored by Trading Concepts, Inc. via. Disclaimer: I currently do not trade options, futures or e-minis myself.