Tuesday, November 10, 2009

Unclaimed Money

So many times I have heard on the news or today tonight about 'millions in unclaimed money'. Well tonight we have a great experience. My sister in law just recieved a letter from a company called 'Money Discovery' saying that she may have unclaimed money of $1240.47. They advised that they would charge an 8% recovery fee. Now on the whole there is no problem with this idea - infact I think it is a great business and one that I may look into doing myself, BUT instead of using the company we just looked it up ourselves on http://www.osr.nsw.gov.au/benefits/ucm/find/ (for NSW) another great place to look is https://www.edge.asic.gov.au/unclaimed/simplequery.html Check it out - could save you 8%.

Options 2

Well, it has been a while since I have added anything. Basically we used up all of our internet download and I could not be bothered with the super slow connection. So we have signed up with TPG 100Gb - should keep us going for a bit. Also as a result of the slow connect have not managed to suss out the option trading yet. Will have to get into it this week. Interest rates only went up .25% so it looks like a while longer till we buy our new house.

Monday, November 2, 2009

Hard Slog -> Options

Well, this journey that I am on is not any easy one (of course). For the last week or so I have not really been able to progress a lot of the ideas that I have wanted to explore. But finally a change. I have spent about 4 weeks trying to open an options trading account - and finally today - my account has been activated. I have no idea why it took so long, but now it is done. A silver lining though, the stock market has been pretty crazy for the last 5 or so trading days and tomorrow of course there will be an interest rate announcement (I am hoping it will go up .5 of a percent - but it is more likely going to be .25%). All of which points to a higher likelihood that I would have lost money. I will start paper trading this week and see how I go.

Thursday, October 29, 2009

eTrade $550 worth of free trades!

Well anyone who lives in Australia and is looking for an online broker, I recommend eTrade. I wish I could make some disclosure here that I was somehow making money out of this reccomendation, but alas I am not. If you know how I can - please email or post and let me know!! So someone I know has been using eTrade for over 12 months (but has not use any of the others) and found that the interface is good and that the research information made available to users is also good. So we have been investing on her account. The accountant advised that we should open a joint account. So we started opening another account with eTrade and we found the promo for $550 worth of trades! one word of caution though - you have to spend it by the end of December 2009. C'mon free trades!

All Ords

Wow, the all ords is tanking. I have a reasonable amount of money in the share market (well a resonable amount for me anyway) and it has been taking a beating! It is one of those times that if I could go back in time I would go back and sell amost everything - except TLS (Telstra) which is gaining despite everyone else dropping. But then again, this is really the time to be buying. So we are currently thinking of buying some banks.

Monday, October 26, 2009

Online Surveys 2

Seems I was mistaken, she has not earned $5 so far, she has earned absolutely zip! Anyway - good luck in the competitions.

Online Surveys

Well, someone I know has seen a lot of feedback about making money through surveys. It seemed like a good idea - however so far it has been a lot of work and not a lot of reward. She estimates she has spent about 10 hours and earned about $5. Of course there is lots of potential to 'win' things but at the moment - unless you love surfing and filling surveys - it does not seem like good reward for effort.