IDrive-E: Sounds like a good IDEA

Ever lost a hard disk with your precious data on it? I have several times. The first time was the most serious, the second or third times, I lost recent stuff only. But still having a disk go down means your files, pictures, data, addresses, favorites, music, etc.. all go with it! Frustrating.
IDrive-E is offering a service with lots of online backup features and enough space to save most of your work files, or important stuff, for FREE! With a small monthly payment of $4.95 you can get unlimited space for your backups. A year’s payment would certainly be cheaper than purchasing a new hard-drive, but there is an important additional security aspect: your data would be protected in an off-site location. If your house or work pc was stolen or damaged, as happened to a friend of mine, no problems, you’d still have your back up data set online.

In addition, you can make the space appear as a virtual drive with Windows Explorer. In other words, it would appear just like an ordinary drive, making data access easy, quick and convenient. When it comes time to restore your file(s), you can access any of the backup set versions that are stored, so you can make sure you have the right version.

For investorbloggers, backing up your data on a regular basis is a hassle, but a necessary one for the most part. The whole process can be automated, saving you time to focus on your business.

This post has been backed by IDrive-E.

Taipei City’s Experiment: The Wireless City – 2007

Ron Brownlow in the Taipei Times writes about the challenges facing Taipei City’s WiFi company, Wifly. Taipei Times also covered this on January 19th.

Taipei City government may have rolled out plenty of WiFi stations, but the take-up rate has been less than enthusiastic…. So why aren’t people using Wifly?

The article attempts to answer the question:

  1. it’s quite expensive for Taipei,
  2. outdoor usage in summer and winter is not comfortable,
  3. there are multiple ways now to access the Internet via mobile phone service, in-home Internet and cable television accounts.
  4. WiMax isn’t available yet here.
  5. there’s no Ipod/MP3/PDA device that could stimulate such interest
  6. there are competitive local alternatives: Free-Up, Coffee shops offer free access to clients, etc.

However, despite the problems that face WiFly in Taiwan, I do see a wonderful future as wireless connections will replace a lot of fixed connections, it offers additional mobility advantages, and will allow easy connections for a variety of devices, not just pcs and mobile phones, provided stimulus comes from a must have device of some sort. Right now, it’s a hotchpotch of devices, with nothing really compelling – (Iphone?)

But for people who work on the ‘go’ such as John Chow, wireless internet should prove a tremendous boon because it will liberate you from much of the drudgery of traditional office work. I do think the challenge in that case will be simply to create and have access to your data on the go, instead of it all being stored in a hard disk at home or office.

Some form of online storage will be necessary, at least for important work files. I can’t imagine the form taking WebDAV as a standard, but I don’t see how Google Office will help either, since much of our data will need to be available in a variety of formats, not just the typical Office formats. Formats such as databases, picture formats, video formats, audio formats, presentations, emails, addresses, etc..

Wonder when, though?

Refinancing Your Home: Keep your head on!

I have a mortgage refinance story to share with you guys. One that involves a certain levelheadedness to show that refinancing CAN work, but you have to be cautious.

We lived in an area where we had purchased property about 7 years ago. Prices were in the toilet at the time, but soon they they went further down, down by 5% to 10%. We didn’t flinch we just kept paying our mortgage, and concentrated on other issues. Our house price dropped from NT$3.5 million to a little over NT$3 million.

Stupidly though we forgot to check interest rates, as they dropped. Our mortgage payments didn’t drop much at all. By then my wife and I thought it about time to buy a car. We had an opportunity to purchase a parking lot in our community as the investment company was getting rid of the stock, before being liquidated. Never occurred to me to ask why! We delayed purchasing the car for quite some time, though.

So we decided to jump: we renegotiated our house loan with the original financier. We increased the total amount to about NT$2.7 million from the total outstanding. That provided us with a check to purchase our parking lot (about NT$380K). In addition, we negotiated a new mortgage payment about 2/3 of what we had been paying before. It was a win-win deal.

Since then, we have noted that the property prices have increased here by about 50%-60% conservatively. So we benefited in a number of ways:
1. cheap property purchase
2. lower interest rate and lower monthly payments
3. increased property value
4. convenience of personal parking space

But, before you refinance, you need to make sure that you:
1. work to increase the potential return
2. take advantage of poor market
3. can handle the post refinance payments
4. your life is better as a result.

Season’s Greetings.

This posting is sponsored by Personalhomeloanmortgages.com