Wall street Journal had a story that sounded to good to be true, Australia Mine Jobs That Pay $200,000 Grand A Year. To make $200,000 a year working in a mine seems far fetched but it is all real.
They had story of James Dinnison: the 25-year-old high-school dropout from Western Australia makes $200,000 a year running drills in underground mines to extract gold and other minerals.
The reason why this job pays so much is
- It is a dirty job
- Located in remotest parts of Australia
This two trivial factors means the supply for this jobs is very low and you know basics of economic, the lower the supply the higher the demand and prices go up. In this case of Australian mine jobs, wage prices have not only gone up they have hit the roof!
Vacancies For Australian Mine Workers are still open
The Minerals Council of Australia estimates the country needs an additional 86,000 workers by 2020, to complement a current work force estimated at 216,000.
If you feel you have the energy, self reliance and resourcefulness to do this job, you have nothing to lose by going down under.
written by Constantine Njeru
\\ tags: Australia Jobs, Australian Jobs, High School Dropout, Minerals Council Of Australia, Self Reliance, Underground Mines, Vacancies, Wall Street, Wall Street Journal, Western Australia
Knowledge is power and the best way to boost your personal finance knowledge is read the best Personal Finance Magazines. Best personal finance magazines require monthly subscription but they are worth every penny. The best personal finance magazines listed here have websites, some free and others require free or paid registration.
1. Money
Money has to be number one at a list of the best personal finance magazines. Published since 1972. Covers personal finance topics ranging from investing, saving, retirement and taxes to family finance issues like paying for college, credit, career and home improvement.
2. SmartMoney
SmartMoney is backed by Wall Street Journal. SmartMoney’s target market is affluent professional and managerial business people needing personal finance information. Regular topics include ideas for saving, investing, and spending.
3. Kiplinger’s
Although not as well known as the other two, this one of the best personal finance magazine has been published since 1947. Kiplinger claims to deliver “sound, unbiased advice in clear, concise language”. It offers tips and tricks on managing money and achieving financial security, as well as information and practical guidance on saving, investing, planning for retirement, paying for college, and buying automobiles, homes and other major purchases.
4. Consumer Reports
If you are hunting for the best value for money, Consumer Reports has to be the best personal finance magazine.
written by Constantine Njeru
\\ tags: Automobiles, Concise Language, Consumer Reports, Family Finance, Finance Issues, Financial Security, Home Improvement, Kiplinger, Knowledge Is Power, Managing Money, Money Money, Nbsp Nbsp Nbsp Nbsp Nbsp, Personal Finance Knowledge, Personal Finance Magazine, Personal Finance Magazines, Smartmoney, Target Market, Tips And Tricks, Wall Street, Wall Street Journal
These days, Apple is worth about $375 billion, with shares up about 25 percent, to $403, this year. If the stock gains an additional 12 percent, Apple will have the world’s largest market value, surpassing ExxonMobil. In the last 11 years Apple has risen from low tens to the current levels.
Many are wondering am I late to the party, has the stock risen too high and you might buy at the top?
Analyst interviewed by Businessweek magazine think, Apple best days are still ahead and the stock is still rated a buy.
White isn’t worried about Apple’s abruptly coming down to earth. If anything, he and a handful of other analysts think Apple watchers on Wall Street may be substantially underestimating the potential of the company, which still only has a single-digit market share in mobile phones and personal computers. “I don’t remember a company of this size growing at this pace,” says White, who recommends the stock and predicts it could be worth $617 billion within a year—the Street’s highest target. “We can’t even model out some of the possibilities: an Apple TV set, huge growth in China, businesses racing to buy Apple laptops. It’s like a religion. It sounds crazy, but it could still be early for Apple.”
To understand the confidence don’t look at the raw number, look at the fundamentals. While Apple shares have soared higher, they’ve become cheaper in relation to earnings. The reality is, Apple profits have been growing faster than the share price.
written by Constantine Njeru
\\ tags: 11 Years, Apple Laptops, Apple Stock, Apple Tv, Businessweek, Businessweek Magazine, Buy Laptops, China Businesses, Coming Down To Earth, Exxonmobil, Handful, Market Share, Mobile Phones, Personal Computers, Possibilities, Share Price, Stock Analyst, Stock Gains, Target, Wall Street
The surprise news of the week was Hedge Fund manager, David Einhorn is purchasing a non-controlling stake in the Mets for $200 million. The decision has some investors wondering whether he sees an angle no one else discovered.
Some smart people on Wall Street have already looked at the Mets’ books and walked away. Even The Mets, principal owners have said the mets as a business are lousy, snakebitten and bleeding cash, having lost $50 million last year alone.
Yet Mr. Einhorn is forking out $200m! This is not the first time Einhorn has thought outside the box. He Famously made money when he bet against Lehman Brothers’ stock several months before the famed brokerage collapsed.
His he right? Only time will tell.
written by Constantine Njeru
\\ tags: 50 Million, Books, Brokerage, David Einhorn, Hedge Fund Manager, Investors, Lehman Brothers, Mets, Money, News Of The Week, News Week, Principal Owners, Purchasing, Stake, Stock, Surprise, Wall Street
If you are just getting started into the world of forex currency trading it is important you read as much information on how forex currency trading works.
One forex currency trading article I found useful in understanding how the world of currency trading works is Currency Trading Gets Easier but remains risky by Wall Street Journal.
The article does not teach you how to make money from currency trading but it is full of knowledge on the industry. These are benefits I found in the article:-
- Links to reliable forex brokers
- Rules governing trading in forex currency.
- Interview with a 53 Year Old Pro Forex Trader
- Risk of Forex Currency Trading
The article is not a tell all article but any beginner currency trader interested in the world of Forex currency trading will need to read alot more forex articles and books to understand currency trading.
written by Constantine Njeru
\\ tags: Articles And Books, Currency Trader, Currency Trading, Forex Articles, Forex Brokers, Forex Currency, Forex Trader, Forex Trading, How To Make Money, Money Currency, Read Books, Risk, Trading Currency, Wall Street, Wall Street Journal, World Currency
Loan modification enables distressed mortgage holders to reduce their principal and interest. But statistics show many American mortgage holders cant tap into the benefit of loan modification.
According to a Wall Street Journal piece on mortgages,
Most delinquent mortgages aren’t available for sale because they are locked up in so-called private-label securities (the ones packaged by Wall Street during the boom) or in the hands of Fannie Mae or Freddie Mac.
What this means is, Although a mortgage company has issued the loan, the loan is owned by third parties. The rules governing this arrangement prevent the issuer from modifying the loans. A modification would subject the servicing firm to the risk of lawsuits by the owners of the securities.
Because of this tight arrangement the mortgage companies find their hands tied and they cant help their borrowers.
written by Constantine Njeru
\\ tags: American Mortgage, Boom, Borrowers, Delinquent Mortgages, Fannie Mae, Freddie Mac, Lawsuits, Loan Mortgage, Mortgage Companies, Mortgage Company, Mortgage Holders, Mortgage Loan Modification, Principal And Interest, Private Label, Qualify For Mortgage, Tap, Third Parties, Wall Street, Wall Street Journal, What This Means
In this Wall Street Journal article Christopher Jones, a New York financial planner has some clever ideas on how to allocate money during this period of low interest rate.
Mr. Jones is advising clients who can afford to pay cash for a home to take out a mortgage instead and invest the funds in a diversified portfolio. “If you look at where the market is now and where it could be five to 10 years from now, the return potential is significant,” he says. Ideally, investors would want to borrow at rates below 5% and invest the money in a well-diversified portfolio aiming to return 8% a year over 10 to 15 years.
Read the whole article at Wall Street Journal
written by Constantine Njeru
\\ tags: 10 Years, Christopher Jones, Clever Ideas, Diversified Portfolio, Financial Advice, Financial Investing, Financial Planner, Interest Rate, Investing Advice, Investors, Money, Mortgage, Street Journal Article, Wall Street, Wall Street Journal
John Paulson famously made a cool US 3.5 billion in 2007. He was among the few who had seen the housing boom was built on sand and bet against it.
How did he see it.
In a Wall street journal interview, I found this Paulson quote
“Where is the bubble we can short?” He was asking his staff. They found it in housing.
I think that is the one example on how to make money. Find a bubble and short it!
In the same interview Paulson gave a vague assessment of the market
He’s also betting against other parts of the economy, such as credit-card and auto loans. He tells investors “it’s still not too late” to bet on economic troubles.
Not to fast that was way back in January 2008.
written by Constantine Njeru
\\ tags: Auto Loans, Bet, Credit Card, Economic Troubles, Economy, Housing Boom, How To Make Money, Investors, John Paulson, Market Predictions, Quote, Wall Street, Wall Street Journal
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