Tag Archives: cash in a flash

How You Can Make Serious Money When Markets Go Down

If you’re only buying stocks – or options, or any security – hoping they will increase in value, you could be missing out on a lot of profits.

Markets move up and down – you know this because on the down days, you feel it right in your wallet.

But it doesn’t have to be that way.

Yes, shorting, like most things in trading, can be both risky and complicated. But it doesn’t have to be. And contrary to what many novice traders think, it’s certainly not “off limits” to ordinary investors.

Today I’m going to show you an easy (and possibly very profitable) way to play the markets when you think they’re about to head south.

An Easy Way to Go Short

When I’m bearish and want to bet stocks are headed lower, I generally like buying inverse exchange-traded funds (ETFs) based on the major market indexes.

ProShares Short Dow 30 (NYSEArca:DOG) for the Dow Jones Industrial Average, ProShares Short S&P 500 (NYSEArca:SH) to short the S&P 500, and ProShares Short QQQ (NYSEArca:PSQ) to bet the Nasdaq is headed lower.

If I’m extremely bearish, and I believe stocks are going to fall hard today or tomorrow, I’ll sometimes buy a leveraged short inverse ETF like the ProShares UltraPro Short S&P 500 (NYSEArca:SPXU). The UltraPro Short S&P fund is a “3x leveraged” inverse ETF. That means if the S&P 500 goes down 1% today, SPXU would go up 3% today.

But this is important: Leveraged ETFs are only meant as short-term trading vehicles. That’s why I said “if I believe stocks are going to fall hard today or tomorrow.” Because of the way leveraged ETFs are priced, they’re “re-set” every day – they’re not good long-term holds.

In a perfect world, if your conviction is right and you buy a leveraged inverse ETF and stocks go down right away, and they keep going down for multiple days in succession, you’ll be a very happy camper.

I’m not greedy. If I have a straight run for a few days holding an inverse leveraged ETF, I’d take my profits as soon as I think the sell-off is over.

I wouldn’t wait another day, I’d ring the register and be happy. If I own an unleveraged inverse ETF like DOG, SH, or PSQ, I’d probably use a 5% to 10% stop to get out if the markets rallied. If you take small losses, you can get out and figure out where stocks are going and get back in if your timing was off but you think they’re going down again.

Now let’s look at one of my favorite plays: money…

Here’s the Trade for When Gold and Currencies Tank (or Skyrocket)

There are lots of leveraged gold ETFs. Here are some of my favorites. Just remember what I said about holding any leveraged ETF: they’re very short-term trading vehicles.

Another way to “leverage” gold on the upside (betting bullion is going higher) is to buy miners. Mining stocks move up a lot faster than gold itself in an up-trending gold market.

Currencies are a little bit different, but it’s not hard to trade their moves up or down. Don’t forget, you can’t just short one currency – all currencies are “priced” in terms of another currency, so they always trade as a “pair.”

If you think the euro is going down relative the U.S. dollar, you can actually sell short the CurrencyShares Euro ETF (NYSEArca: FXE). If you want a leveraged (2x) way to bet the euro is going down relative to the U.S. dollar, you can buy a popular inverse leveraged euro/dollar ETF, the ProShares UltraShort Euro (NYSEArca:EUO).

There’s another popular way to hedge and play downturns in the market, but it’s trickier than it looks. Still, done right it can lead to some big profits on the short side.

How to Buy and Play the iPath Hedges

I’ve got nothing against VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX), if you get into it and the move you expect, a dramatic drop in prices and a spike in volatility, happens right away.

But here’s that tricky part I mentioned.

It’s a leveraged ETF – so if you don’t get a sustained move down pretty soon after you buy it, and you sit with it a few weeks, or worse, a few months, it loses its value quickly. Bottom line, it’s a leveraged ETF and great if you get the timing right, get in, and get a sustained move in your direction.
I’m not a huge fan of the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca:VXX), either, because it’s based on VIX futures.

VXX is thought of as an ETF, but it isn’t. ETFs have their own supply and demand dynamics and their own bid-ask spread dynamics. But it’s based on two sets of futures that have their own “valuation” dynamics based on rolling first- and second-month futures contracts.

VXX is actually an exchange-traded note (ETN), not a fund. It’s actually a derivative, which adds up to a lot of moving parts and is hard to arbitrage and “value” properly.

But if you’re going to use VXX, I’d suggest you add a one-quarter dose of it to whatever other protection you have on. Just keep in mind, if markets settle down and stocks flatten out and go sideways, the VIX and VXX will drop a lot quicker than non-leveraged inverse ETFs you might have on for protection.

My favorite way to play a spike in volatility is to buy calls on the actual VIX.

When I’m playing options, I generally like to buy options three to six months out. I always prefer further out options because it gives me more time, but you have to weigh the time against the higher price or premium you have to pay for them.

That’s why I look three to six months out and incorporate how much volatility I expect over that three to six months. If I expect a spike in volatility sooner rather than later, I’d opt for the cheaper, near-term options. If I run out of time but I still think I’m right, I’ll roll into the next three months out options.

In a perfect world, if you knew the move you expected was going to happen in a couple of weeks and last a week or two, you wouldn’t waste money buying further out options and pay for time you wouldn’t need.

But… it’s not a perfect world and I’m very often right, but I can get stung because my options expire and I hesitate rolling out to the next few months and get sick when the move I expected all of a sudden happens and I’m not in the trade.

That’s the worst feeling in the world, but you won’t have to sweat it with this strategy.

Wall Street Insights & Indictments

WITH SHAH GILANI

1960s Zanzibar a happy Island – Cultures Exposures – ViWiDA-USA

Cultures Exposures
Expose yourself to different cultures and appreciate humans as they are. It is the elimination of racial differences

Intended to educate and empower the followers about other people cultures in order to gain knowledge, which may come in handy when visiting, or doing business in an environment where they differ in cultures and/or, in places where cultures and religion may seem to intertwine when compared to their own cultures.


We have started a new endeavor in order to include our wonderful community in the chance to bring about miracles and to help others.


Black Power Without Green Power Is No Power

Last week was the 95th memorial anniversary of white folks’ bloodthirsty murder of 300 Black men, women, and children and also white folks’ wholesale destruction of 1,000 Black-owned businesses and homes on “Black Wall Street” in the Greenwood community of Tulsa, OK from May 31-June 1, 1921. Although I could justifiably rail against this destructive white devilment, I’ll instead praise this instructive Black economic independence.
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When Blacks today moan and groan and whine and complain and sue because whites won’t hire or promote us, I simply shake my head in disgust. And then I wonder why we expect anything good from the very same people who yesterday kidnapped us, sold us, bought us, enslaved us, raped us, lynched us and who today use their police departments to murder us, their judges to treat us like Dred Scott, and their prison officials/politicians/corporations to impose their new Jim Crow.

Blackwallst5White corporations and employers, generally speaking, don’t like us and don’t want us. They never did and never will. That’s why there are only five Black CEOs in the Fortune 500 and only two in the elite Dow 30. We must “do for self” like our “Black Wall Street” ancestors did nearly 100 years ago. And we can, as proven by the fact that Black-owned businesses currently show a growth rate three times the national (i.e., white) average. If our ancestors could succeed back then- and they did- we damn sure can now.

That 1921 rampage was born out of a 1916 Tulsa ordinance that banned Blacks from living on any block on which whites constituted at least 75 percent of the residents. So did the Blacks moan, groan, whine, complain, or sue? Hell no! They “did for self” by unifying economically and culturally. As a result, they created a community consisting of a multitude of separate Black-owned, Black-operated, and Black-patronized businesses- including (but not limited to) law firms, hospitals, newspapers, hotels, schools, restaurants, construction companies, real estate offices, and 24 supermarkets! As so insightfully stated by professor, author, and attorney Dr. Hannibal B. Johnson, “Legal segregation (in Tulsa and throughout the nation) limited the commercial options of African-Americans. This economic detour- this diversion of dollars- spurred business development and economic prosperity in the Black community. A talented cadre of African-American businesspersons and entrepreneurs rose up. Blackwallst4Blackwallst3

 

 

 

 

The problem is not that we don’t have the money to “do for self.” We got money! We have more than 35,000 Black millionaires in this country and a whopping 1,826 billionaires in the world. We also have earnings of $1.3 trillion annually in America. The problem is that, unlike other ethnic groups, we spend it with outsiders as soon as we get it. For example, a dollar remains in the Asian community for 28 consecutive days but only six hours in the Black community. Outrageous and embarrassing!

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To paraphrase the classic line from the 1948 film The Treasure of the Sierra Madre and the 1974 film Blazing Saddles, “Jobs? We don’t need your stinkin’ jobs!” We can do our own thing. But, in regard to government employment, don’t get it twisted. Although we don’t need white folks’ municipal, state, or federal jobs, those jobs are owed to us because we built this country and because we continue to be denied high salary and top-level positions despite our unimpeachable qualifications. For example, in Mayor Jim Kenney’s first couple of weeks in office, he appointed about 80 top officials, 66 percent of whom are white in a city that’s only 36 percent white. However, despite the fact that African-Americans make up 44 percent of Philly’s population, only 22 percent of his appointees are African-Americans. Former Mayor Michael Nutter was nearly as racially insensitive at best or racially discriminatory at worst with 64 percent of city employees who received salaries in excess of $70,000 being- you guessed it- white.


As reported this week by Eric Ture Muhammad in The Final Call, the preeminent S.B. Fuller & Joe L. Dudley Sr. Foundation held a “Mastermind Business Group Meeting” on May 26 at the Benton Convention Center in Winston-Salem, NC as a gathering dedicated to Black entrepreneurship. It brought together business leaders from all across the country and emphasized the critical importance of creating a “collaborative economic framework” for community wealth rather than focusing primarily on personal wealth.

A number of the event’s presenters, including networking mogul Dr. George Fraser, spoke about the Black community having foolishly adhered to an “economic welcome mat” policy that “allows anyone who isn’t Black easy access to Black dollars and consumers.” They pointed out that “anyone else can walk in, meet some community needs, wipe their feet on Black consumers like a doormat, and exit with tens of millions of dollars put in banks outside the community.”

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We must economically “rise up” as Dr. Johnson mentioned. And we can do it by creating Black-owned businesses and/or by buying exclusively from the more than two million Black-owned businesses (or the many predominantly Black-employed businesses) at least once a week starting this week, then at least twice a week next week, then at least one week next month, and eventually at least six months every year.

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We can do it by following the lead of the 15 young Black businessmen from the Black Male Entrepreneurship Institute (BMEI), which partners with the U.S. Black Chambers, Inc. (USBC). BMEI did it last year when they sought out a Black financial institution and found Industrial Bank in Washington, DC where they made an initial deposit of $5,000. As stated by Ron Busby, CEO of USBC, “In order for there to be a strong Black America, we must have strong Black businesses. In order to have strong Black businesses, we must have strong Black banks.”

So let’s do the Black bank thing and the Black business thing- which means the Black power thing.

The words from David Walker’s Appeal, written in 1829, and the words of Christopher James Perry Sr., founder of the Tribune in 1884, are the inspiration for my “Freedman’s Journal” columns. In order to honor that pivotal nationalist abolitionist and that pioneering newspaper giant, as well as to inspire today’s Tribune readers, each column ends with Walker and Perry’s combined quote- along with my inserted voice- as follows: I ask all Blacks “to procure a copy of this… (weekly column) for it is designed… particularly for them” so they can “make progress… against (racist) injustice.”

 

Michael Coard, Esquire can be followed on Facebook, Twitter, and Instagram. His “Radio Courtroom” show can be heard on WURD900AM. And his “TV Courtroom” show can be seen on PhillyCAM/Verizon/Comcast.

 

The Uber of Banking is Uber – Join Uber and make extra cash

I use Uber to make money with my car & you can too. Use this link to sign up: 

The Uber of Banking is Uber

A recent Quartz (qz.com) article identified that up to 30% of Uber drivers in the US have never had a bank account — many operated previously as taxi drivers in the cash economy. To be a driver on Uber, however, they need a minimum of a debit card to get paid. So Uber has had to solve this problem by allowing drivers to sign up for a bank account as part of the Uber driver application process, in real-time. Unsurprisingly, this makes Uber the largest acquirer of small business bank accounts in the United States today, bigger than Wells, BofA and Chase combined.

You probably never thought of Uber as an acquirer of small business bank accounts, but if you’re an Uber driver and Uber can give you a debit card that enables you to get paid — then why would you go to a bank branch to open an account instead? It also means that as a entrepreneur bank account the next obvious move is to design day-to-day banking into Uber’s app instead of standing alone as a typical bank account or mobile banking app.

For the millions of permalancers or gigging economy workers, it’s highly likely that the first time a freelancer opens a bank account will be directly in response to a new ‘gig’ or job offer — if that employer (like Uber or AirBnB) offers you a bank account as part of the sign-up process, why would you stop signing up for Uber, drive to a branch and sign a piece of paper?

Uber is offering car leases to its drivers also — allowing drivers with no vehicle to sign up and get car financing backed by demand from Uber. This is what the new banking experience looks like for small business entrepreneurs. Uber is effectively doing all the sourcing for bank relationships, and has become an acquirer for bank accounts, leasing and insurance. An Uber driver has no reason to come to a bank branch for his needs today thanks to Uber’s commitment to experience design simply enabling the needs of a new driver.

Funding Opportunities – Free Cash for February 2016

Letter of intent due Feb 8. The Department of Health & Human Services has announced a new funding opportunity to test systematic approaches to identifying and addressing health-related social needs of Medicare and Medicaid
beneficiaries. The Accountable Health Communities Model will support up to 44 bridge organizations to test three scalable approaches. Funds for this model cannot be used to pay directly or indirectly for any community services received by beneficiaries as a result of their participation in this project. Applications must be submitted electronically no later than 1:00 p.m. EST on March 31, 2016. Details at https://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2016-Fact-sheets-items/2016-01-05.html

Transitional housing funds for domestic violence victims offered by Department of Justice. Nonprofits, local and state governments, PHAs, and tribal entities are eligible for grants to provide transitional housing, short-term housing assistance, and related support services for survivors. Apply by February 24. Contact DOJ staff, 202-307-6026.

Supportive Services for Veteran Families (SSVF) providers, grant renewal opportunities. VA making $300 million avail- able for existing SSVF grantees. Details at http://www.va.gov/homeless/ssvf/index.asp

Supportive Summary
The Lehigh Valley Center for Independent Living (LVCIL) believes that every individual has the right to live a healthy, happy, and productive life in a community that is free from all barriers. We can help you achieve or maintain your independence through many of our supportive services and programs, including our four core services: Information and Referral, Peer Support, Advocacy, and Independent Living Skills. For more information, visit http://www.lvcil.org/ .

For people with disabilities, assistive technology can be vital to achieving independence. The Pennsylvania Assistive Technology Foundation (PATF) offers affordable options for people with disabilities and older adults to acquire assistive technology through provision of low interest loan and mini grant programs. The foundation can offer assistance to individuals in Pennsylvania regardless of disability diagnosis, age of onset, county of residence, age, or income level as long as they are willing and able to repay a loan. For more information, visit http://patf.us/. You can also contact LVCIL Community Support coordinator Rebecca Strobel at 610-770-9781 ext. 153 or rebeccas-trobel@lvcil.org

HAP’s Veterans Project is the only legal assistance program in Philadelphia that specifically targets homeless veterans. For more information: http://homelessadvocacyproject.org/veterans-project.html

Know of anyone homeless and in need of Legal Help? For the Philadelphia area a visit: http://homelessadvocacyproject.org/legal- services.html

Free Health Screenings and Information available to all those that have served in the U.S. Military, all health fairs run from 10 am to 2 pm. Various locations: 4/19 Wellsboro Armory Shumway Hill Rd Wellsboro, Pa; 4/20 Muncy Valley Legion, 1433 Champion Hill Rd Muncy Valley, Pa; 4/21 Towanda American Legion, Main St Towanda, Pa; 4/22 Hallstead American Legion, New York Ave Hallstead, Pa. Come check out what is available from vendors. For more information or to find out about free transportation to these events, please call Tiffani at 1-800-982-4346. This event is open to any age.

2016 HUD Healthy Homes Award The U.S. Department of Housing and Urban
Development (HUD), in partnership with the National Environmental Health Association (NEHA), announces the annual Secretary’s Awards for Healthy Homes. The award will recognize excellence in healthy housing innovation and achievement in three categories: Public Housing/Multifamily Housing, Policy and
Research Innovation, and Cross Program Coordination among health, environment, and housing. The activities or policies nominated must show measurable benefits in the health of residents and be available to low- and/or moderate-income families.
Applications due February 29, 2016. Details and application at http://neha.org/hud-award-healthy-homes

Locations for free tax preparation for low- to moderate-income individuals and families. Taxes are prepared by IRS certified volunteers. For locations in Mifflin & Juniata counties go to
https://www.uwcr.org/images/pdf/ miyp_flyer_miff-jun.pdf . Dauphin, Cumberland and Perry Counties
go to https://www.uwcr.org/images/pdf/ miyp_site_flyer.pdf . Looking for sites in the Philly area go to http://www.cwfphilly.org/#!pennsylvania-locations/c18ml . Locations in Pitts- burgh at https://uwswpa.org/money-in-your-pocket-coalition-resources/

Online self-preparation through www.MyFreeTaxes.com submits your federal and state tax forms if you made $62,000 or less. Instructions and website at http://uwlanc.org/ MyFreeTaxesInstructions You will need to fill out and submit your local tax forms separately and can obtain a printed form by calling 717-569-4521 or file online at http:// lctcb.localtaxonline.org/.

CONTRACT OPPORTUNITIES FROM THE CITY OF PHILADELPHIA, P.A. – Dec 2015-

NewsJuly2015The list below displays new non-competitively bid contract opportunities available on the City’s website. The Status column shows if the application period is open, closed or has been cancelled. 

Opportunity:- 21151005144446
Description:-
The City of Philadelphia, in partnership with public and private agencies, is leading the revitalization of the banks of the lower Schuylkill River in Philadelphia, now known as Schuylkill Banks. The City’s mission is to transform the formerly abandoned urban riverfront into a vital asset and resource for the benefit of the region and Commonwealth. The project goal is to promote recreation, tourism, improved environmental conditions and to stimulate economic development. A Master Plan, approved by state, city and federal agencies, is in place to guide more than $2.5 billion in public and private investments. Physical improvements: docks, trails, bridges, pedestrian improvements, greenways, streetscapes and public programming will result in a dramatic transformation of the waterfront along both the east and west sides of the Schuylkill River between the Fairmount Dam and the Delaware River. More than 43 neighborhood and community organizations participated in the planning and support of the Tidal Schuylkill River Master Plan (2003) which encompasses the City’s mission and vision for the lower Schuylkill River.
Dept/Agency:- COMMERCE
Service Type:- General Consultant Services
Amount:- To be determined
Opening Date:- 12/01/2015
Closing Date:- 12/22/2015
Status:- Open

Opportunity:- 21151112103345
Description:-
The City of Philadelphia (City) is seeking proposals from interested firms for the provision of technology support and hosting services across a spectrum of internally provided services such as helpdesk, desktop, server support, desktop productivity software support, storage, backup, and cloud provisioning services which may be made available for all agencies of the City. **A Mandatory Pre-Proposal Meeting is scheduled for November 24, 2015 at 9:30 AM (Local Philadelphia Time).
Dept/Agency:- DIVISION OF TECHNOLOGY
Service Type:- Computer and Information Svcs
Amount:- To be determined
Opening Date:- 12/01/2015
Closing Date:- 01/13/2016
Status:- Open

Opportunity:- 21151124150151
Description:-
The City of Philadelphia Water Department (PWD) is seeking proposals, through this Request for Proposal (RFP), from qualified consultants to assist the Water Department’s Accounts Payable Unit with document conversion to reduce paper and improve efficiency.
Dept/Agency:- DIVISION OF TECHNOLOGY
Service Type:- Computer and Information Svcs
Amount:- To be determined
Opening Date:- 11/30/2015
Closing Date:- 01/07/2016
Status:- Open

Opportunity:- 21150914160325
Description:-
The City of Philadelphia, Division of Aviation seeks qualified Applicants to provide 24 hours a day, 7 days a week operations, corrective and preventive maintenance services, with associated operational and maintenance reporting services for the Baggage Handling Systems at Philadelphia International Airport.
Dept/Agency:- COMMERCE
Service Type:- General Consultant Services
Amount:- $1.00
Opening Date:- 11/25/2015
Closing Date:- 01/26/2016
Status:- Open

Opportunity:-   21151110190254
Description:-                                                                                                                            Effective cleaning, safety and public space maintenance activities in commercial area in low and moderate-income neighborhoods.
Dept/Agency:- COMMERCE
Service Type:- Housing & Economic Development
Amount:- $0 to $50,000.00
Opening Date:- 11/18/2015
Closing Date:- 01/15/2016
Status:- Open
A complete list of all New Contract Opportunities can be viewed by visiting https://secure.phila.gov/ECONTRACT

Journalism Is Not A Crime – Myanmar jailed five journalists – Stand Up for Journalists

These journalists are serving seven years in prison for doing their jobs. Please help us win their release.

Donate today.

Donate Now!

Where do you get your news?

Imagine if the journalists who cover that news – think Christianne Amanpour or Bob Herbert – faced jail time for doing their jobs.

That’s exactly what’s happening in Myanmar.

Five journalists – known as the Unity 5 – have been sentenced to seven years in prison for writing an article about an alleged secret chemical weapons factory in central Myanmar. Amnesty is working for their release.

Please stand up for journalists who are risking their lives in the name of freedom of speech. Donate now.

One journalist in Myanamar told an Amnesty staffer, “If you expose anything critical of the military or military affairs you can be jailed, intimidated. They can use the law against you.”

President Thein Sein made a commitment in 2013 to release all prisoners of conscience – people imprisoned for peacefully expressing who they are or what they believe. We must pressure him to stay true to that commitment.

As Myanmar approaches elections at the end of this year, there hasn’t been a better time to tell the government that the world will not tolerate oppression against journalists and the media.

Your support can help fund our campaign. Please join us.

Together, we can ensure that the Unity 5 are released.

Thank you for your commitment to human rights!

Jasmine Heiss
Senior Campaigner
Amnesty International USA

CONTRACT OPPORTUNITIES FROM THE CITY OF PHILADELPHIA, P.A.

The list below displays new non-competitively bid contract opportunities available on the City’s website. The Status column shows if the application period is open, closed or has been cancelled.
Opportunity

21151021151557

Description

PWD (PWD or Department), the water utility department of the City of Philadelphia, is seeking proposals, through this Request for Proposal, from qualified consultants to provide planning and engineering services for the Germantown Storm Flood Relief Capital Improvement Plan. Provided herein are project background information, anticipated professional services, and evaluation criteria considered for award. The selected Respondent will be responsible for successfully providing the requested services and deliverable.

Dept/Agency    –    WATER

Service Type    –     Architect and Engineer Svcs

Amount            –       To be determined

Opening Date      –      10/28/2015

Closing Date         –      11/18/2015

Status                  –             Open

A complete list of all New Contract Opportunities can be viewed by visiting https://secure.phila.gov/ECONTRACT

GOOD LUCK!

 

Application for 2016 Mandela Washington Fellowship is Open till Nov 11th

The application period for the 2016 Mandela Washington Fellowship, the flagship program of President Obama’s Young African Leaders Initiative, is now open.
#Africa4Her
Apply now: yali.state.gov/apply

Visit the site for helpful tips to complete your application and enhance your presentation. You’ll find:

  • Program eligibility criteria and the application instructions;
  • Ideas on how to summarize your accomplishments, experience and talents;
  • Advice from Mandela Washington Fellows about the application process;
  • Free YALI Network Online Courses on leadership and public speaking.

Don’t rush to complete your application – you have until November 11, 2015 to thoughtfully compose and review your answers. You can’t edit your application after you submit and you will be disqualified if you submit more than one.

NB:-  If you are looking for more information about the 2016 Mandela Washington Fellowship application, stay tuned to the YALI Network Facebook page for more details on an upcoming #YALICHAT from October 7-9th.