Do you want to know the secret behind Wall Street? The secret is that there IS no secret. They’re just really good at what they do: making money.
You would think that the best place to look for financial advice would be the ones that are constantly making headlines, even creating the news. But that’s not exactly the case.
It’s true that the financial experts on Wall Street are often very successful. But their goal is to protect their assets and make themselves look good, not give valuable advice. While they may not actually be hiding anything, they are very selective about the information they choose to share with the public.
Mainstream sources like CNBC or Fox Business will never have all the data you need to make a well-informed decision, which is why educating yourself as an investor is so crucial.
Here are a few tips to get you started on becoming your own financial expert.
Tip #1: Identify your investor personality.
In some of my previous posts, I’ve talked about the importance of psychology in financial decision-making. 80% of financial expertise is learning how you make financial decisions, knowing your strengths and weaknesses, and honing your ability to act rationally in an unstable environment.
This is what helps you develop an investor personality and get a sense of what works for YOU.
Start reading about big investors and traders in industries that interest you. What are they doing and how are they doing it? What’s their approach? How do they perform under pressure? These are questions you’ll want to ask yourself as you go.
Follow those investors online and get to know them from every angle. There’s no magic solution or anything particularly new about this. You’re just creating a playbook of the personality traits you want to emulate as an investor and building on that persona.
Tip #2: Turn off the noise.
You’ve got a sense of the kind of investor you want to be. Now you have to hone in on the information that will get you there. Need some good sources to get you started? I’ve got a few that you may not have considered before. Favorite experts of mine include Ray Dalio of Bridgewater and from the early days Jesse Livermore.
When it comes down to it, everyone has access to the same information, but not all haves the same tools. Keeping your investor persona in mind and having experts to follow will help you manage, translate, and use that information to your advantage.
The best way to become your own financial expert is to turn off the white noise and narrow your focus. Start discarding any information that doesn’t work for you and pay close attention to the sources that do.
Tip #3: Choose a strategy—and stick to it.
There are hundreds of strategies floating around the market and most of them won’t work for you. The investor persona that you’ve developed, along with the focused expertise you continue to develop should all converge into a single strategy.
You don’t have to reinvent the wheel or make anything up. Most of the work has been done for you already by experts who have spent time working in the market and have made mistakes. Your job now is to learn from them and select a strategy that works for you. And then stick to it.
This is key.Too many investors and traders make the mistake of reacting impulsively to the market instead of committing to their strategy. Wall Street experts don’t switch things up when they feel like it. They know what they want and they don’t deviate from the plan.
If you feel an impulse to invest your assets because of a headline or sudden shift in the market, take some time to check your facts. Go to the financials of the companies you’re interested in. Look at their macro and microtransactions and find evidence that they are going to grow.
Remember, public companies that share their financials, like the Wall Street experts, only share the data that makes them look good. Those projections and charts often show an optimistic, even inaccurate, view. So always check your facts before committing. Look at their competition and whether they have enough resources to develop the technology they say they will.
These tips won’t make you an expert overnight. It takes work and dedication to become a successful investor. But taking the time to evaluate your own psychology, learn from the experts, and hone in on the information that works for you will benefit you ten-fold later.
Once you’ve done that, you can forget everything else.
6 Most Useful Equipment for Any Construction Business
If you are looking to set up a business, you may consider looking at the construction industry. This sector contributes nearly 8% of the Australian GDP. The annual turnover of Australian construction industry is more than AUD 350 billion. Over the next five years, it is expected to grow at 2.5%.
If you think that this industry is for big businesses, think again. There are more small businesses than large ones, and an average business owner employs around 20 people. You may like to read this report for a detailed understanding of the subject. A critical part of setting up your construction business is buying the right equipment. Here is a list of the top 6 pieces of machinery that are essential for your business. Read on.
These are used by almost all the construction companies that you can think of. Excavators are generally used for digging, but they have other applications as well. You can use them to lift and carry heavy loads like rocks, trees, etc. You can also use an excavator to dredge rivers, cut trees and demolish buildings. An average excavator works on treads or crawlers.
This machine is operated by an operator who sits in a glass cabin; He can control the long arm of the excavator by pushing various buttons or shifting gears. There is a digging bucket at the end of the long sleeve. This bucket digs as well as carries materials. Since the long arm can be rotated 360 degrees, an excavator has high maneuverability.
2. Dumpers or Loaders:
Sometimes you might need to transport large quantities of construction material over a long distance. Dumpers fulfill this purpose. A common dumper is a truck that has an open carrying space in the rear. The driver sits in the front.
The rear part of the dumper or loader can be lifted or tilted upward so that it can dump its load quickly at one spot. This lifting is done with the aid of hydraulics. A typical dumper is smaller than a truck but can carry hefty loads (1-2 tons). If you are looking for affordable dumpers, companies like West-Trans might be able to help you.
Another great piece of machinery for your construction business is the bulldozer. It works pretty much like the same as an excavator. However, this machine is primarily used to remove the topsoil and rocks that are jutting out.
It is also used to demolish small structures like houses and buildings. Bulldozers move on treads and are incredibly mobile. This machine is operated by an operator seated in a glass cabin who can supervise his operations easily. The actual digging work is done by a concave blade which is made of high tensile steel.
Cranes are used to reach out to the more upper floors of buildings. You use cranes in the building business. These machines are used to carry construction materials up to great heights. Some of the materials lifted by cranes are concrete blocks, frames, steel trusses, etc. A crane is made of 3 parts- the driver’s cabin, the arm which lifts stuff and another arm that works as a counterweight to the other arm.
If you are in the road construction business, you would need this machine. A paver is used to lay asphalt on the road. Molten asphalt is poured into a bucket which releases the latter on the way. Later, a road-roller comes and flattens the asphalt.
Lastly, you need these machines to dig trenches in the soil. This equipment is used while laying pipelines, drainage systems, cables, etc.
Even Broken Bones Can’t Stop Adam Leitman Bailey from Reaching for Success
After breaking both arms and falling into a coma, most people wouldn’t wake up and decide to win all-county honors for their high school track team.
Most people aren’t Adam Leitman Bailey.
Today, Bailey stands as one of New York’s most sought-after real estate lawyers. He leads an eponymous law firm that has earned its stripes winning some of the most important, bet-the-company disputes and deals of the 21st century — but back then, he was just a kid with a lot of guts. Any other teen might have taken the season off after surviving a violent car crash. Bailey, a senior in high school at the time, went to track practice with two casts and began training harder than ever before. He ran a record season, achieved all-county honors, and received an Award of Courage from his coaches and teammates just before his graduation in 1988.
That incident occurred over thirty years ago, but it still tells you quite a bit about who Adam Leitman Bailey is. In many ways, it stands as a microcosmic example of an overarching theme in his life: he overcomes, thrives, and persists even when the odds are stacked and the path ahead is painful.
The sheer persistence that drove Bailey to sprint (and win) with broken bones was developed during a painful childhood. At the age of five, he and his younger sister were uprooted from their home in New York and transplanted to California, where their mother struggled to find work as a teacher. Money was in short supply and emotional security lacking; the family often moved to flee their unpaid landlords, and the situation prevented Bailey from attending kindergarten.
Little improved when Bailey was finally able to attend school. He was bullied for his thick New York accent and skinny frame. It was in school that he was forced to learn to be a leader and stand up for himself and his younger sister.
It wasn’t long before Bailey found himself applying his developing leadership skills and passion for justice to broader causes. As a preteen, Adam Leitman Bailey spoke at his first public rally to protest the three-hour bus rides that children were forced to take to school.
The oppressive bullying he faced continued when his family moved back to New York in Bailey’s early teens. He survived it, and threw himself into his studies. Looking back as an adult, Adam Leitman Bailey views those years almost as a kind of brutal training for his current life. In an article for the ABA Journal, he wrote: “I prepared for law school almost from when I could walk. I studied hard. I solved my own problems. I learned empathy and understood different types of people. I conquered so much just by surviving.”
It’s perhaps unsurprising, given this pattern of persistence, that despite being told as a child that “only rich people get to be lawyers,” Adam Leitman Bailey would go on to become one of New York’s best real estate attorneys. Despite not meeting a legal professional until college, Bailey pursued his dream; he put himself through college, and, ultimately, managed to grow his legal practice into one of the foremost firms in New York City’s real estate field.
Bailey’s persistence-first philosophy shapes his leadership approach. He outright refuses to hire first-year attorneys from Ivy League law schools who refuse to grade their students, believing that students who are forced to compete against each other for their rank will become better attorneys. Those who have worked with him know him as an unapologetic achievement snob who prizes hard work and results above all else. Even the pay structure for his business is a meritocracy, organized around the quality of an employee’s performance.
It’s fair to say that his tactics have seen success. Today, Bailey and his firm, Adam Leitman Bailey P.C., have been associated with some of the most significant cases of the new millennium, including prevailing in the Interstate Land Sales Full Disclosure Act cases, the Save Harlem Association v. Kimko case, the Ground Zero Mosque case, and the Trump Soho Association v Trump Soho Condominium. These achievements included reaching the largest settlement in condominium history as well as separately, the largest casualty settlement for a restaurant. Victories also included winning cases and making a new law for newly constructed condominiums and prevailing in both a case of first impression in a property land dispute as well as a landlord-tenant case of first impression.
He and his law firm have won every major award that a lawyer could win, including Commercial Observer’s Most Powerful Lawyers, Chambers & Partners’ Leading Law Firms and Lawyers, Super Lawyers Top 100 Lawyers, and Martindale-Hubbell’s AV Rating.
Adam Leitman Bailey is a heartfelt believer of persistence above all else — and, given the obstacles, pain, and doubt that he has so clearly overcome in his life, it seems impossible to argue with his methodology.
Career Guide: the iGaming Industry
The iGaming industry has been around for quite some time now. However, it is only now starting to gain true recognition and popularity it actually deserves. With this influx of attention, the need arose to change things around. And so, the need to hire more experts of different caliber appeared.
Nowadays, the iGaming industry offers an amazing potential to anyone looking to start or grow their career in this field. So, with that in mind, here is a short career guide for anyone looking to join the industry.
A fast-evolving environment
With so many interested players, the iGaming industry basically became a thing for itself. And since so many new players are joining the industry daily, the fact is that most online casinos are rapidly becoming understaffed. That is precisely why iGaming companies are always on the lookout for more people who will be willing to train to become a member of the staff. This is excellent news anyone but particularly for young people looking to start a successful career. As long as you are willing to learn new things and adapt to such a fast-paced environment, you will have no problem fitting in.
The power of automation
Since the modern technology is constantly evolving, it really comes as no surprise that online casinos are looking for ways to automate everything they can. For instance, online betting is so far entirely automated which reduces the need to hire employees to monitor every bet. This also eliminates the room for any type of human error, which serves both the players and the casino itself. Moreover, it also leaves a lot of room for professionals who are trying to come up with ways to automate other aspects of an online casino.
More and more content
Again, as a result of such a surge in popularity, online casinos are constantly trying to evolve their content and add more fresh games to their offer. iGaming operators can easily provide new games to their players since the demand for them is constantly growing. Additionally, hire programmers and game developers to design an online game that will be exclusive to your casino. This way, you will be able to stand out from the crowd and attract even more players your way.
Web design bears huge importance
Moreover, since online casinos operate online the first most important thing they need to ensure is a good quality website. Unless a casino’s website is responsive, fast and easy to use, chances are people won’t stick around for long. This is excellent news for anyone dealing with creating websites. From graphic designers, web designers and developers to website administrators and webmasters, anyone will be able to find a job in this industry. If you are being hired to build a website, however, keep in mind that there are so many similar websites out there. That means that you will need to find a way to make yours – in particular – truly stand out.
Becoming an affiliate
Since affiliate marketing is still a very popular form of marketing both casinos and affiliates can greatly benefit from it. From a casino’s standpoint, affiliates will encourage more people to try their offer and become a loyal player. As far as affiliates are concerned, the more people they manage to send a casino’s way, the greater the commission they will be able to earn. Additionally, the best part is that virtually anyone who wants to become an affiliate can. So, no matter if you are a small business, a magazine or a blogger, you can easily join an affiliate program and start earning some real money.
Online reviews are where it’s at
In the end, online reviews are another part of the iGaming industry both casinos and players can benefit from. Casinos that encourage people to talk about them will gain greater exposure and traffic, which is excellent for any business. Not only that, but they will also appear more attractive because other gamers will see good things about it. The players can easily browse through online reviews and narrow down their search. It reduces the need to sign up to a casino in order to check their offer out.
To sum everything up, the iGaming industry certainly offers a lot of career opportunities. People of different professions won’t have a difficult time finding their place and becoming a part of this growing industry.
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