Posts Tagged ‘bank’
I’ve been working on some new code that delivers product placements from service providers directly onto my site and here it is. The great thing about this is that the service offerings are changing all the time keeping it fresh and new.
Lending and borrowing is pretty simple when it comes down to it: somebody lends and somebody else borrows. Zopa have made a few small tweaks to this time-honoured method, to ensure everything is safe, secure and legal.
Social Lending is a smarter, fairer and more human way of doing money. It’s like borrowing and lending with your friends and family – except there are thousands of people you can lend and borrow with.
Both lenders and borrowers get better rates, because Social Lending is more efficient than the traditional banking model. Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. So they have to take large margins on the money that passes through them.
There’s no smoke and mirrors here. Banks use your money to make even more money for themselves. They lend some of it out, gamble some of it on the price of tin or the Yen depreciating, and invest the rest in any other money-making schemes they can think of.
Whereas at Zopa, people who have spare money lend it directly to people who want to borrow. There are no banks in the middle, no huge overheads and no unethical investments
Zopa was the world’s first lending and borrowing marketplace. By demonstrating that Social Lending works on a large scale, Zopa has changed the financial sector for good.
So hit the link (the big picture above) and see what you think. If you dont need a loan but have money you want to loan out you can do this as well and guess what – you’ll get better returns thatn leaving it your bank paying a paltry rate.
Quick note to let you know I’ve sold my Avocet Mining shares. A tough decision to make because I still think there is more growth to see yet BUT I had my eye on some other stock and needed to get in quick. More about that one in a future posting.
So lets do a quick recap on how I’ve performed with my trade in Avocet Mining.
Purchased shares at £0.9974 and sold them 90 days later for £1.2175. Now where can you get that growth on the high street banking circuit?
Job done!
OK so I know we are pretty much now officially out of recession, but hey it doesn’t really feel like it does it. I have not yet seen all those businesses who went under come back to life, start trading again, start employing people again. We all know the stats might show we’re out but reality takes a little longer to deliver a world we left behind when all this recession stuff kicked in.
So whilst we wait for the world to get back on its feet is there anything we can do for ourselves to improve things?
Well we could look at the Internet as a way forward couldn’t we?
Millions of potential customers, potential ideas, potential ventures out there on the Internet – but where do you start in finding the right one for you?
Well I have my own strategy and method and here it is.
1. Look at the things you do that could possibly generate income. I listed things I like doing. If you like doing something you’ll invest your energy into it.
2. List them down in any old order, you’re going to cross some out later.
3. Along side write how you could use the internet to make money from each idea. Online auction, direct selling of goods, offering services etc.
4. Along side that for each one list the level of investment required to set up.
5. Anything that requires any real money to invest cross out. We’re here to make money not spend it. Investing time is fine.
6. Start a free blog and start sharing your ideas. I’m doing that right now.
7. Search other sites where the product or service your looking to work with gets some air time.
8. Get involved in that community, comment, share, invest your time. Above all always leave your contact name and web address to link back to the site where you’re looking to sell your product or service from. The more links the better you’ll be placed in search engines.
9. Get a twittter account and use that as a doorway allowing more connections with potential customers as well as potential partners.
10. Search out other businesses who will pay you to advertise their products and services. They are out there and the more you promote yourself the better coverage and income you’ll receive from such sites.
In a nut shell that’s it. It doesn’t really matter what product or service you’ve come up with, it’s all down to you promoting it sufficiently well to get noticed. Even if you’re a niche market player there are still loads of potential customers out there after the very thing you have to offer.
Be patient and allow a year to build up your profile, your Internet energy level, your visibility what ever you want to call it. It takes time but the Internet has this great ability to suddenly show exponential growth. The more you do the more it gives back.
So why not give it a try, you’ve got nothing to lose and everything to gain.
Now click on my sponsors and buy their products 
It seems to be true you really can use Twitter to make some cash bu getting sponsored to tweet. I’m very new to Twitter so need to wait 60 days before the sponsorship will come through but in the mean time I want to share the love and for those of you with an account older than 60 days, more than 100 followers it’s worth giving this little money maker a shot. Just click the little picture and get yourself signed up.
Thought I’d update you on my latest stock acquisition so you too can jump aboard and make some cash to beat the bank. This time I’ve purchased some stock in Avocet Mining Plc. (AVM.ISE) I made my purchase at £0.9974 per share and I’m expecting good things over the next few months. Get in now and make some easy money. Bail out target for me is around £1.45 but I’ll keep an eye on the trends and related news stories in case I need to change this.
and for those who are interested in what this company does read on…
Avocet Mining Plc is involved in the exploration, extraction and production of gold and tungsten.
The Group was listed on the London Stock Exchange in April 1996, having been previously listed on the Vancouver Stock Exchange since 1986 under the name Avocet Ventures Inc. Avocet is a gold mining company operating in Indonesia and Malaysia and a focus on expansion in South East Asia. It has two operating gold mines a new mine in the making and a number of exploration projects.
That’s all from me for now….
My portfolio of shares has taken a tumble over recent weeks.
Greene King shares have been on a slide for a while now, I thought I had picked the pit of despair but apparently not they just kept on falling. The good news though is that signs of improvement are visible with the trend moving skywards once more. I’m investing every week in this company through my purchase of their IPA. Perhaps this is why the turn around has started.
Tenon Group shares have dipped but I’m sure they’re on the way back to the top so I’m hanging in there whilst the market sorts itself out and realises just what a good deal this company is at the moment.
My other stuff are remaining pretty stable so not much to say specifically. I’m still confident of a reasonable return but this poor performance over the past few weeks has meant I have not been able to take profit and reinvest in some of my target areas which frustrates me.
Guess I’ll just have to sit back and enjoy the ride.
I knew my investment in Greene King would be well worth my while. Apart from drinking their beers I now see my shares on the move in the right direction, still plenty to go but they are on their way.
In the mean time to keep me happy they have just announced a dividend payout of £0.15 per share so another nice little earner in my journey into beating the system, playing the stock market, doing it myself rather than pay others to under-perform – what ever… it’s always fun as a mate of mine tells me.
onto other share news as today has been a busy time for me…
Decided to sell my Tesco shares today. My buy price was £3.45 and I’ve punted them back onto the market at £3.93 so a good growth and all this achieved in 135 days. didnt make the 15% profit I was after when taking all costs into account, more like 10% but the growth is still strong and pays much more than any bank can offer me. A key reason for shifting this stock was the desire to buy into another company. I could have sold some of my others but thought Tesco would be the best option. So Tesco it was.
The stock I purchased to replace my Tesco shares was in a company called Tenon (TNO). Watch this space for news on this company as I monitor my investments.
Things just keep getting better and better with my shares.
Just received notification of another dividend, this time it’s Northern Foods paying out £0.029 per share so a nice little earner for me. The stock itself is starting to show signs of movement in the positive direction as I predicted it would so my stock selection methods are still working well and showing returns on my investments that out strip anything I can get elsewhere.
My tentative toe in the water approach to investments is working well so I’ll be looking to increase my stock options soon with another purchase. I’ve a couple of ideas bubbling away at present but they need more work to finalise which one if any I’ll be picking. In the mean time I’m keeping an eye on my other stocks as I’m getting strong positive moment from both Tesco and Greene King. I feel there is more to go yet with these two but will be hoping to cash in soon, taking a healthy profit for reinvestment.
A nice little bonus greeted me when I came back off my holiday. Two dividends one (Babcock) paying £0.10 per share and the other (Vodafone) paying £0.05 per share. The Babcock one was really good to received as I’d actually sold the shares earlier but still qualified for the pay out. So you can even earn money from share dealing when you don’t hold the stock!