How to have fun and supplement your income at the same time
Most people receive their income from working a nine to five and that is all the money that they will ever receive. While this is a honorable tradition, it does leave you flying by the seat of your pants if anything does indeed go wrong. Financial advisers will always find a way for you to invest in other companies, which is a good thing, but they always neglect the main thing that you should invest in, yourself. You do not have to leave your job and create a big business to invest in yourself, something simple such as a weekend hobby that you turn into a paying gig would be enough. Although it is not for everybody, making money on your own time will leave you with a very fulfilling experience, both in your heart and in your pockets.
Mark to Market and why it is bad news in this economy
If you have been paying attention to CNBC or any other business channels that past couple of days you will see that the term Mark to Market is being thrown out there a lot lately. It is an insider term but it really does effect the everyday person and their investments that they might be trying to make in this topsy turvy market.
The term “Mark to Market” definition according to wikipedia is “an accounting methodology of assigning a value to a position held in a financial instrument based on the current market price for the instrument or similar instruments”. This basically means when I have a contract such as a futures contract, when I go to report this contract for accounting purposes I can mark the value of this contract the value that it is the day that I fill it out and not the value that it will be the day it expires.
