Research Report: a new look
Last month I mentioned the great results our Research report has been delivering well the stock pickers have continued their great work and now the developers have stepped in as well and greatly improved the overall presentation of the site.
If you are a subscriber, log in, have a look, and let us know what you think. Or if you haven t yet tried out the Research report, click here to find out more about it, and sign up for a 14-day free trial.
Trader Dealer executes more than $160 million in equity trades in the last 6 weeks
Trader Dealer has executed more than $160 million in trades over the last 6 weeks and well over a billion dollars since we commenced operating as Trader Dealer Online.
Trader Dealer has been in the MDS Financial stable for the last 8 months and during this time we have been making great strides in improving the services available to our clients. A large number of clients are now executing trades through the Market Analyser platform, and taking advantage of the phone trading services.
When you add these results to our growing option trading volumes we are humbled to think that our niche broking business built for retail traders has grown at such a rate, and the feedback from our customers has been fantastic. Thank you for you support!
You can check out the great rates on offer at TDO by clicking here.
What would I do with $900 bucks?
We had an interesting discussion in the office last week, tossing around ideas about what we were all going to do with the $900 government bonus, when one of the guys said that they had been watching an ABC program about the carefully planned terminology the government has been using. It seems that research had indicated that the term bonus payment encourages us to spend, whereas tax reimbursement which is effectively what this payment is makes us save.
I then thought about a proverb my grandfather used to use: you can give a man a fish and he will eat for a day or you can teach a man to fish and he will eat for a lifetime.
We were talking about the new DVD players, plasma TVs and push bikes we were all going to buy, and which all seemed like great idea at the time. However as I sat down to write this, my monthly take on the market, I began thinking about better ways an individual could use their $900.
It really does depend on where you are in your life, however here are my top three ways I would use the bonus, and why:
1. Repay credit card debt
With the Reserve Bank reducing the interest rate, and the credit card companies snubbing their customers, this is the first place I would put my $900.
One of our customers recently told me about his way of getting back at the greedy credit card providers. He used his redraw facility on his mortgage, which he was being charged about 7% to use, and used those funds to repay his credit card debt, which was at 18% and most importantly CANCELLED his credit card. With the average credit card debt being about $3k, that is a saving of about $330 per annum.
2. Increase your financial knowledge
By learning more about the financial markets you increase your ability to make a profit. It s pretty obvious!
Look at investing in software with market analysis capabilities or at a recommendation report which tells you what to buy and why. These tools save you time and make profit-making an easier goal to achieve.
Also look at buying books by or about those who ve attained financial success. Visit the Reviews section of our blog for inspiration.
3. Take a break
Go on a holiday! Even a cheap weekend away with all this doom and gloom will be enough to recharge your batteries. $900 dollars will be enough to take advantage of the sales at the big department stores. Buy a tent and a sleeping bag and you will still have enough left over for a week s accommodation at a camping ground.
4. Bonus Suggestion
When I was talking about my top three it was suggested to me that you could use the money to buy a bike. This has a couple of benefits: it will save on public transport fees, parking and petrol, plus you will be getting fit at the same time meaning you maybe able to cancel your Gym membership!
Spend it wisely.
Books In Review
With the Easter break this month I have managed to make my way through two books: Winning by Jack Welsh, and Way of the Turtle the Secret Methods that Turned Ordinary People into Legendary Traders by Curtis M. Faith.
Click here to read my reviews.
I also picked up another book, which breaks from my normal rule of only reviewing books on finance. I have only read 3 chapters of Tunnel Vision but I would have to say at this point this book is truly hilarious! I will give you a full review next month.
Damian Isbister
Chief Operating Officer, MDS Financial
