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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

Here’s Who Killed the American Middle Class – and Why

The proof is in the pudding.
I thought this article is quite interesting in explaining the declining of democracy in U.S.A; and the condition of the middle class who have been reduced to poverty by the very politicians who they elected for their well being.
So who were the Republican and Democratic politicians behind the wholesale transformation of America, and where are they now?
Well…..
Here’s Who Killed the American Middle Class – and Why
By SHAH GILANI, Capital Wave Strategist, Money Morning • @WallStreet_II • May 23, 2017
There’s a widening wealth gap in America. It took a generation, but the middle class in this country has been hollowed out. Most people agree on that. But they don’t really know how it happened or who’s really to blame – it’s been obscured with false narratives, covered with “fake news.”
The thing is, the truth is in front of us. We’re living it in real time. It’s just never discussed openly – for a reason.
The people who are behind this catastrophic American collapse have fooled folks into thinking this is all normal.
Well, it’s anything but that…
Who to Blame for the Disappearing Middle Class
Republicans aren’t to blame: Their old-school platform of a smaller federal government, fiscal conservatism, more power to the states, and belief that a lightly regulated path to working hard and standing on your own two feet is what made America the global bastion of entrepreneurship and helped create a middle class that is laudable and fair.
Democrats aren’t to blame: Their old-school platform of a larger, more interventionist federal government, spending on social programs, supporting and safeguarding workers, all kinds of civil rights, protections for the environment, and their belief that government should stand behind those not able to stand on their own two feet, or who have been trampled by runaway businesses, helped create a middle class that is equally laudable and fair.
The two parties, with their visions and flaws balanced by democracy, made America great… once.
What happened is greedy, neo-con, profiteering Republican crony capitalists hijacked their party, while greedy, limousine liberal, profiteering Democrat crony capitalists hijacked their party. Together, as a new class of elites joined the Masters of the Universe, they began manipulating state apparatuses and banking for fun and profit…
A lot of profit.
The crony capitalists’ principal enrichment tools are “financialization” and, as we’ll see a little later this week, its manservant, “globalization.”
Financialization is the retooling of the economy’s production and distribution assets, consisting of made-in-America goods and services, into credit-driven banking and financial services products.
At its core, financialization is the transfer of low-risk, low-profit debt into high-risk, high-profit products.
The net result of the mass commodification of debt-based financial instruments and leveraged debt (grossly under-collateralized by low-risk debt) is rampant speculation.
This heavy betting, however, isn’t undertaken just for the sake of pyramiding risks for speculative gains. These so-called “products” are now integral and necessary investment tools because traditional, safe investments don’t yield adequate returns in the world of financialization.
According to the U.S. Bureau of Economic Analysis (BEA), in 1980, financial services contributed 4.9% to the country’s GDP. At its peak in 2006, that contribution had almost doubled to 8.3%.
More to the point, in terms of profitability, James Kwak, law professor at the University of Connecticut, calculated in 1980 the financial industry’s profits as a share of total U.S. business profits was 7.5%. That share of all business profits in corporate America jumped to more than 41% by the mid-2000s.
U.S. GDP in 2016 was $18.56 trillion, according to the BEA. In full view of financial services’ share of GDP (which is rising again) and its share of corporate profits (also on the march to new highs), it’s impossible not to see the financialization of the U.S. economy.
Worse, it’s actually become the beating black heart of the economy. It’s happening that way by design…
How the Financialization Scam Became Settled Public Policy
The road to financialization began with the overturning of longstanding public and economic protections, starting with the Depository Institutions Deregulation and Monetary Control Act of 1980, a Trojan horse that let banks establish holding companies and gave the Fed more power over more banks.
That major deregulatory action was followed quickly by the Garn-St. Germain Depository Institutions Act of 1982, which leveled the playing field for banks and their holding companies experiencing competitive disintermediation and decreasing profitability.
Ultimately, a series of subsequent rules- and regulations-trimming by banks’ congressional cronies culminated in the Gramm-Leach-Bliley Act of 1999, whose main function was the total repeal of the Depression-era Glass-Steagall Act that had for decades separated insured, deposit-taking commercial banks from swashbuckling investment banks.
That’s how elitist Democrats and Republicans paved a super highway for the financialization of the American economy and their enrichment from the country’s transformation.
So who were the Republican and Democratic politicians behind the wholesale transformation of America, and where are they now?
You’d be shocked at how many of them you know as senators, House members, cabinet secretaries, principal regulators… Supposed stalwart guardians of American prosperity who’ve become filthy rich at the expense of the middle class, on whose backs and from whose labor and savings they’ve enriched themselves (and their reelection war chests). I’ve written thousands of pages in Insights and Indictments naming names and calling these sellouts what they really are: crony capitalist pigs.
The proof is in the pudding.
Actually, make that pooling.
Without financialization, we never would have had the subprime mortgage crisis and the market and financial system crashes.
I’ll show you how.
Home mortgages used to originate “locally,” with banks, thrifts, and credit unions that knew their communities, as well as the value of properties and creditworthiness of borrowers in those communities. Mortgage loans mostly stayed on the books of lending institutions until maturity or until properties were sold.
That was great for stability and fairness, and making sure things remain sustainable… but the trouble was, no one got filthy stinkin’ rich on it…
Financialization, with its cheap come-on capital, its dodgy pooling techniques, its structuring, its tranches, derivatives and synthetic derivatives of derivatives, turned a utility service into a speculative pyramid of leveraged loans that looked and acted more like a Ponzi scheme than the sophisticated, high-yielding, safe (a lot of them packaged with government approval and guarantees) financial instruments they were made out to be by rating agency co-conspirators.
We all know how that ended.
Thing is, it didn’t actually end there. How could it have? As horrific as the financial crisis was, as much wealth was vaporized, there was still lots more blood to drain from the middle and working classes – and their children.
A Bad Idea Gets Much, Much Worse
That bloodletting comes in the pooling of student loan debt. If anything, it’s even more sickening than the financialization of mortgage debt.
As if leveraging the living daylights out of the American dream of home ownership wasn’t enough, the financial vampires of the political class saw an opportunity in that other great American dream: higher education – the burning desire of people to better their lot and improve their wages and prospects at colleges and universities.
What happened to professors’, administrators’, state schools’, and private schools’ goals of helping Americans get a higher education for the fair wages they earned and the balanced budgets they hoped to achieve?
As horrific as the financial crisis was, as much wealth was vaporized, there was still lots more blood to drain from the middle and working classes – and their children.
They got greedy. They’re all in the big for-profit game now, thanks to financialization.
Hopeful students are suckered into cheap loans which are, of course, pooled, leveraged, sliced, diced, and sold to investors. The cash those investors fork over can be used to make more loans, to pyramid (or Ponzi, if you choose) students’ hopes and dreams that a higher education means a higher standard of living.
And if those loans are in arrears, in default, and don’t get paid back – hey – investors don’t have to worry.
The government, which is to say crony capitalist congressmen and women, have fixed that potentially profit-leaking hole.
You see, making student debtors “low risk” by having the state guarantee payment of interest and principal to investors – while extracting more payment from grossly indebted students (plenty of whom never graduate), no matter the cost or the poverty level of those beleaguered, unemployed, underemployed, and generally struggling indebted borrowers – means that more loans can be pushed like dope to the uninitiated who have no idea about the trap they’re being lured into.
And as for the neo-liberal educators and liberal arts universities who want more kids – customers – to get a better education, they’re making hundreds of thousands of dollars in salaries and tens of millions of profits every year.
That’s financialization at work.
It’s not at work alone. Later this week in my Insights & Indictments service, I’m going to show you how globalization is taking these crony capitalist schemes big time, as in, worldwide, trapping billions in a state of permanent poverty. Click here to get my update as soon as it’s released, and you’ll get all of my Insights & Indictments research, too – free.
Together, we’ll play the crony capitalists’ game while working to destroy it.
Follow Shah on Facebook and Twitter.

Google will soon become the most powerful entity on Earth.

The future’s most powerful entity

Google is one of the leaders at the moment when it comes to artificial intelligence applications and has turned the AI venture into the single largest collection of resources and brain power that has a focus purely on the development of artificial intelligence.

Currently, there are over 250 PhDs and 400 research scientists working on DeepMind’s unlimited funding projects with two main goals in mind. The first is to try and solve intelligence and figure out how the human brain became capable of taking over the planet. The second is to use that intelligence to do everything else. And you may laugh, but this is not some crazy farfetched idea either. These goals are for real, and the company is more than happy to talk freely with anyone about it.

To get an even deeper understanding of what their plans involve why not check out a recent presentation given by Demis Hassabis, founder of DeepMind, who will talk you through their ideas.

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.

How would you make the world a better place for others if you were given US$1000?

To participate, you do not need to purchase any Western Union® product or service. View Terms and Conditions. If you have any questions contact WU for help.
To enter, you will need at least one photo of yourself and one that showcases your idea for a Better. You can also upload a third image plus a video in your entry. Enter your project idea by February 29th. As you look for your project idea, think about the communities that you’re a part of and the people that you know. Your idea should be selfless, ideally benefit as many people as possible and have the potential for lasting change, inspiring others to make the world a better place.

Chain of Betters continues in the Philippines returning a critical source of income to the people of Cavite village.

WESTERN UNION CHAIN OF BETTERS
Edward from Cavite village in the Philippines came up with an idea to build an artificial reef and encourage fish to return to the ecosystem once destroyed by the poachers. With the money we sent him, his plan now slowly but surely brings life back into the sea and to the community as a whole.
C H A I N – O F – B E T T E R S
There’s more new stories for you to discover each month as our competition continues on www.chainofbetters.com
We believe that better things happen when money moves, so let’s do more good around the world. Submit your idea on how you would make the world a better place for others if you were given US$1000?*

Around the world a woman is killed every 90 minutes in an honour crime.

For marrying the man she loved, Saba’s father shot her in the head, stuffed her in a bag and dumped her in a river, and Pakistani law on “honour killings” allowed him to walk away free! But Saba survived, and her story is now an Oscar-nominated documentary. With the Oscars 4 days away, the Pakistani Prime Minister has promised to change the law, but activists fear it won’t happen without a massive surge of global pressure. Sign the petition to end this hideous law and share now before we lose this moment:

  SIGN NOW
For marrying the man she loved, Saba’s own father shot her in the head, stuffed her in a bag, and dumped her in a river. Then he walked free because of a loophole in Pakistani law that allows men to commit so-called “honour killings”. But, incredibly, Saba survived and she has created a ray of hope to finally stop these outrages! We have four days to help her.

Saba’s story is now an Oscar-nominated documentary, and it’s all over the news. In response, the Pakistani PM just promised to end these heinous crimes, and sources say he’s instructed his daughter Maryam to be part of the reform process. But activists fear that the bill will only be passed if the Oscar buzz is massive and public pressure is sustained.

Let’s urgently get 1 million of us behind this law before the Oscars on Sunday to ensure Saba’s story has the global spotlight, and then deliver it directly to the Prime Minister to help him push for a strong law. Sign and share with everyone, before we lose this moment:

https://secure.avaaz.org/en/pakistan_end_honour_killing_loc/?bxSAobb&v=73317&cl=9549779427

Around the world a woman is killed every 90 minutes in an honour crime. Although Pakistan passed a law in 2004 against these murders, 70% of perpetrators in Pakistan walk free because of a “forgiveness” loophole in the law. If a woman is seen to bring “shame” on her family by refusing to enter an arranged marriage, looking too long at a boy, or even being raped, a man is free to kill her as long as another family member forgives him! There is a nobility in communities that value and protect their honour. But these killings are not about honour, they are about seeing women as property. And the forgiveness loophole protects that right to own and kill women and girls.

A bill was tabled to eliminate this “forgiveness” clause, but it died without a powerful member of the ruling party to champion it. The Prime Minister, who has never before acted on this, has promised legal reforms to stop these crimes and involved his daughter, who is considered the heir to her father’s political party. But there will be push-back and experts say only global attention can give Saba, Maryam, and women’s rights activists across Pakistan the backing they need to change the system.

We have four days to make sure the Pakistani Parliament feels the world is watching and we won’t go away until “forgiveness” for honour killings is finally removed from Pakistan’s law. Let’s make sure attention to Saba’s story at the Oscars is massive, and then take our call to Pakistan. Sign and share now to get the word out everywhere:

https://secure.avaaz.org/en/pakistan_end_honour_killing_loc/?bxSAobb&v=73317&cl=9549779427

We can make it happen. When Pakistani teenager Malala Yousafzai was shot by the Taliban, the world was outraged. In response, nearly 1 million of us called on the Pakistani government to fulfill her dream of education for all. After our petition was delivered directly to the Pakistani President, he launched a stipend programme for 3 million children. This is what happens when we come together! Let’s stand with the brave women of Pakistan now to help them create laws that protect them, cultures that defend their dignity, and communities that support their right to choose their own destinies.
MORE INFORMATION:
Human rights group reports rise in ‘honour killings’ in Pakistan (UPI)
http://www.upi.com/UPI-Next/2015/06/25/Human-rights-group-reports-rise-in-honor-killings-in-Pakistan/51429857038598/

Her father shot her in the head as an ‘honour’ killing (New York Times)
http://mobile.nytimes.com/2016/01/31/opinion/sunday/her-father-shot-her-in-the-head-as-an-honor-killing.html?_r=0&referer=https://www.google.com/

Crime and punishment in Pakistan (Vice News)
https://news.vice.com/video/crime-and-punishment-in-pakistan-extra-scene-from-the-kohistan-story-killing-for-honor

Pakistan PM Nawaz Sharif terms honour killing a ‘stain on country’ (NDTV)
http://www.ndtv.com/world-news/pakistan-pm-nawaz-sharif-terms-honour-killing-a-stain-on-country-1277658

PM Nawaz Sharif vows to eradicate honour killings after Oscar nod (The Express Tribune)
http://tribune.com.pk/story/1027967/pm-nawaz-vows-to-eradicate-honour-killings-after-oscar-nod/

Senate unanimously passes 3 rights bills (The Nation)
http://nation.com.pk/national/03-Mar-2015/senate-unanimously-passes-3-rights-bills

The case of Saba Qaiser and the film-maker determined to put an end to ‘honour’ killings (Guardian)
http://www.theguardian.com/film/2016/feb/14/sharmeen-obaid-chinoy-interview-saba-qaiser-honour-killing-documentary-girl-river-oscar-nomination

Take action against so-called “honor killings”

Take action against so-called “honor killings”
Get Involved
Take ActionNo woman should be subjected to violence.

Take action: Tell President Obama to make a statement about violence against women worldwide onMarch 8, International Women’s Rights Day.
Take Action!
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Killed by her family for going against their wishes to marry the man of her choosing.

Murdered at the hands of relatives for having been raped.

These rationales for horrifying injustice exist today and are major threats for women where so-called “honor killings” occur.

The global community needs to address violence against women head on.

Tell President Obama: Make a statement expressing concern for the safety of women worldwide, including those subjected to harmful practices such as so-called “honor killings.”

In many places, a woman’s identity and her family’s sense of social respect and worth is measured by her submission to family demands—so she is further at risk when making choices against family wishes.

Because these murders are often committed by relatives, they consistently are crimes that happen in the privacy of the home.

It is time to shine a light on abuses like these and to denounce violence against women globally in both word and action.

Call on President Obama to condemn violence against women on March 8, International Women’s Rights Day.

We must join together as a global community to challenge violence against women, including physical and sexual violence, and harmful practices such as so-called “honor killings”, domestic violence, rape, female genital cutting, and human trafficking.

On March 8, International Women’s Rights Day, we again have the opportunity to elevate women’s safety worldwide and denounce violence against women.

Take action today.

Let’s get started! Free Online Business Course @Stanford is on NOW!

Let’s get started!

Howdy! We’re super excited for the first lecture of How to Start a Startup (and to have 50,000 of you following along), and I hope you are too. Sam will be starting things off tomorrow, and Dustin Moskovitz (cofounder of Facebook, Asana, and Good Ventures) will cover Why to Start a Startup.

Dustin and Sam will each answer a couple of questions in Q&A this week. You can submit questions on this form (by this evening for Dustin, by Wednesday for Sam). Top questions will selected to be voted on by members of the Facebook group (tonight for Dustin, on Wednesday for Sam).

400 universities around the world, as well as many non-university organizations, are organizing viewing sessions to bring people together, watch the lecture videos, discuss the content, bounce ideas off each other, and peer evaluate assignments. Contact info for university Leaders and other organizers, as well as viewing session details, are on this spreadsheet. If you’re organizing a viewing session that isn’t on that sheet, please add it!

You don’t have to go to a viewing session to watch the 50-minute videos – all will be posted on startupclass.samaltman.com by 4 PM Pacific Time (no live stream) every day.

There are two recommended readings before watching the lecture tomorrow: Advice for Ambitious 19 year olds by Sam Altman, and Good and Bad Reasons to Become an Entrepreneur by Dustin Moskovitz.

You’ll get an email tomorrow as soon as the first video is online. That will include a link to the discussion forum we’ll be using specifically to discuss the contents of the lectures.

Have a great Monday!

Sam and Pulak

Free CASH – Want Extra Money? – Here are Five Ways


cashmoney1If you’ve ever dreamed about working from home, this could be the best time for you to take the leap and start a business that allows you to make extra money while staying at home.
With the slow economy and the tight job market, more and more Americans are turning to self-employment to keep their bills paid. Almost six million Americans primarily work from home and more than 13 million people spend at least one day a week in a home office.

Working from home provides you a number of advantages including relief from stressful commutes, a flexible schedule, and an unlimited earning potential.

Here are five home-based businesses that might help you escape from the confines of the traditional office:

1. Catering business
If you love cooking and enjoy hosting dinner parties with all of your friends, consider starting a catering business. Use your culinary talents to cater parties both large and small, or other special events that require a large amount of food preparation. Work with a variety of foods offering a large menu of specialty dishes, or choose to specialize — such as authentic Mexican food or French haute cuisine. Gina Pace of Inc.com notes that picking a specialty within the catering field can give you an edge in the market.

2. Freelancing
As a freelancer, you’ll need little more than a computer, a telephone and a set of specific skills depending on the type of service you offer. Freelancing offers a lot of flexibility and offers great potential for making money from home; sometimes, the money you earn can far exceed the salary that you could make in a 9-to-5 job.

No matter what the job market is doing, freelancing offers a consistent base of opportunities. Here are a few freelancing careers for you to consider:

Writing, editing and proofreading
Graphic design
Public relations
Translation
If you want to choose a creative profession to freelance in, be prepared to show samples of your work. Create a website that showcases your work, or put together a professional portfolio that’s easy to send to clients when the need arises.

3. Virtual nursing
If you’re a registered nurse who’s tired of working hospital hours or have grown weary of the daily commute, keep in mind that specialized software and computers supplied by pharmaceutical companies, health-related organizations and insurance companies, now allow nurses to work from home. April LaJune, a writer for Yahoo Voices, explains that with the onset of new technologies, these companies are among many customers that hire nurses to answer patient questions by telephone or email explains. Virtual nursing’s flexible hours keep you connected to your profession while you work from home.

4. Virtual concierge
People are so busy these days that they need people to help them with the simplest tasks. If you have good organizational skills and are willing to take on any task, make some great money as a virtual concierge. Similar to a hotel concierge, a virtual concierge takes care of everything that busy individuals need. You’ll pick up laundry, shop for clothes, make dinner reservations; you may even be asked to track down 100 red roses for a marriage proposal! As a virtual concierge you can work for a service like VIP desk or work for yourself. Either way, it’s a great way to start building a successful business and bring in additional income.

5. Sales
One of the oldest ways to make extra money from home is by selling items through a direct marketing company like Avon, Mary Kay, or Amway. Direct selling is a $30 billion industry, and it can be a great way to earn some extra spending money. Sell a company’s items directly to your clients; this allows businesses to cut out the brick-and-mortar stores, saving them a ton on overhead costs. If you’re motivated enough, you can make a little money by simply selling these items to your family, friends, neighbors, and colleagues. The secret to making this type of home business a success is having an established network of potential buyers ready to make a purchase.

If you think that working from home would be a welcome place for a second or primary job, then you’re not alone. Thankfully, there are a number of unique opportunities that you can take advantage of. Working from home offers more freedom and a stronger sense of pride for the work that you’re doing. So find something that makes you happy and figure out a way to turn it into a profitable home business.

This article originally appeared at Len Penzo dot Com. “5 ways to make extra money while staying at home” – Copyright 2014. Follow Len Penzo dot Com on Twitter.

Read more: http://lenpenzo.com/blog/id25063-5-ways-to-make-extra-money-while-staying-at-home.html#ixzz31iCe01sO

Supportive Housing Resources, Free Training-> Get $400 tax free stipend. Visit us Today to find out how!

Get $400 by just calling.. now! Resources to Empower Women and Youth, can be obtained right here at Victory Women in Development Association(ViWiDA)USA. 

At ViWiDA-USA You can get information for Youth, Women and Seniors; as well as, Affordable housing, Mental Health, and other vital information for Older Americans, Veterans and the public at large. ViWiDA brings it all under one roof and sometimes in an article like this one. We make information easier for your access. 

And, This is how we motivate people in the age range of 55 and older to get $400 tax free stipend. 

— COURTESY and Appreciation to the  PHFA’s Housing Services Conferences and Events

Now, to get that $400 tax free stipend
Foster Grandparents-Philadelphia Seniors, age 55 or older, are sought as role models, mentors and tutors for the city’s youth. Participants receive a tax-free stipend of $400, free transportation, and sick, vacation and personal leave days. If interested, call 215.685.3724.
THAT’S IT, THAT’S ALL YOU GOT TO DO….

Training Connections

May 7 —Living at Home with Arthritics webinar on symptoms and warning signs, diagnosis and treatment, tips for living with the disease, as well as helpful coping and support resources. Visit http://www.asaging.org/web-seminars/living-home-arthritis for more details
May 13— 7th Annual Where to Turn Resource Fair will be held in Pittsburgh from 8–12:30pm. The theme for the networking and info rich event for social service professionals is “Be the Change you Want to See.” For information and to register, visit http://american-healthcare.net/where-to-turn-resource-fair
May 13 — Maintenance Matters! is being presented by IREM and PennDel AHMA in Philadelphia. This training is designed for the maintenance professional. Visit http://penndelahma.org/Maintenance_Matters/MM14-home.html
June 10-12— Penn State Greensburg will be offering a free seminar, Strengthening Families Program for Parents and Youth 10-14: Facilitator Training. Participants will receive SFP 10-14 certification. Contact Anne Lail at 724-837-1402 or AML21@psu.edu or visit http://extension.psu.edu
June 27— Office of Mental Health & Substance Abuse and Western Psychiatric Institute and Clinic are sponsoring the 20th Case Management Conference. This year’s theme is “Poverty and Mental Illness—Can the Connection be Broken?” Visit http://www.wpic.pitt.edu/oerp/conferences for info or to register
September 19-20 — Sexuality, Intimacy & Aging Conference, Widener University, Chester. Details and registration at https://www.eventbrite.com

SCHOLARSHIP TO STUDENTS OF AHMA PROPERTIES

The National Affordable Housing Management Association (NAHMA) Educational Foundation is offering a scholarship to students living at an AHMA property. Deadline to submit applications is May 30, 2014. Application and guideline can be found at http://nahma.indatus.com/application/

ARE YOU A SINGLE MOTHER WITH A DREAM OF OWNING A HOME..?
Mortgages For Mothers, a program offered by Dollar Bank is holding a Free Home Buying Workshop for single mothers who dream of owning their own home. Child Care will be available. May 12, 2014 / Call 412.242.2700

A new report from the Center for Outcomes Research & Education Providence Health & Services, details how getting into stable housing resulted in a significant reduction in total health care costs. View the report here

MIND YOUR HEALTH.

The theme of 2014 Mental Health Month is “Mind your Health”. The goal is to build recognition about the importance of mental health to overall health and wellness. http://www.mentalhealthamerica.net/may

Resources for Seniors

This year’s theme for Older American’s Month is “Safe Today. Healthy Tomorrow.” The theme focuses on injury prevention and safety to encourage older adults to remain active and independent for as long as possible. Contact your local Area Agency on Aging office by visiting www.acl.gov to find opportunities to support older Americans.
Ursuline Money Management Program, supported by the Allegheny Co. Area on Aging. Trained volunteers meet one-on-one with seniors to help manage their finances and complete tasks such as balancing a checkbook and paying bills. To find out eligibility, call 412-224-4700

PA Women Veterans

Pennsylvania female service members and veterans of all military branches and components are invited to attend the PA Women Veterans Symposium slated for June 6-8, 2014, at the Wyndham Grand Hotel, Pittsburgh. To register visit http://www.portal.state.pa.us/1702

AND

Department of Veterans Affairs Grants for Transportation of Veterans in Highly Rural Areas (HRTG) Program, application deadline May 27, 2014. Provides grants to assist veterans in rural areas travel to VA medical centers and to other VA and non-VA facilities. Details at http://www.grants.gov and search for grant using CFDA Number 64.035
Financial Help for Veterans: For more information on financial assistance available to Veterans and their families visit: www.familyofavet.com/financials

THANKs TO THE COURTESY OF PHFA’s Housing Services Conferences and Events