Investing and Financial Markets

Investment of capital in money markets, capital markets, commodities markets, and foreign exchange markets

18,375 Questions
Investing and Financial Markets
Stock Market
Dow Jones Industrial Average

What is the highest Dow Jones industrial average ever?

On Wednesday, March 6, 2013 the Dow Jones closed at 14,296.24. That topped the all-time high of 14,164 of October 9, 2007.

Update: On July 3, 2014, The Dow Jones closed at 16,976.24.

Investing and Financial Markets
Income Taxes
Masters of Business Administration MBA

Can you get back the money paid for insurance premiums?

Most of us buy life insurance plan to protect our households in case we die. But even we buy a term plan that that will last for years; we do not actually assume to pass away throughout that time. If your program passed through underwriting, that is a good sign that the life insurance company does not expect you to pass away either. Of course, if you do buy a conventional term policy, and if you do survive it, you will have nothing left at the end of the contract except the total pleasure of having protected your family and enduring.

You Should Still Consider Buying Term Life

Of course, that delivers the concern of why many people never do obtain a policy. Some customers talk to an broker or shop online to get the best insurance plan quotes. Then they add up all of the monthly premiums they may pay over the course of years, and the amount alerts them.

Personal Finance
Investing and Financial Markets

Who governs banks in the United States?

Knowone. That's how they get away with fraud every day.

Investing and Financial Markets
Stock Market
Dow Jones Industrial Average

What time does Dow Jones close on 12-24-10?

954 am

Investing and Financial Markets
Business Plans
Business Accounting and Bookkeeping
Bachelor of Business Administration (BBA)

What are the functions of finance?

The five basic corporate finance functions are described as those functions related to; 1) raising capital to support company operations and investments (aka, financing functions); 2) selecting those projects based on risk and expected return that are the best use of a company's resources (aka, capital budgeting functions); 3) management of company cash flow and balancing the ratio of debt and equity financing to maximize company value (aka, financial management function); 4) developing a company governance structure to encourage ethical behavior and actions that serve the best interests of its stockholders (aka, corporate governance function); and 5) management of risk exposure to maintain optimum risk-return trade-off that maximizes shareholder value (aka, risk management function).

Personal Finance
Investing and Financial Markets
Money Management

What should you do if you got no money?

Practice a money building plan called the Million Dollar Penny! It doesn't matter HOW much money you have, what matters is WHAT do you DO with that money!

If you KNOW what to do, you can take ANY amount of money, even as little as a penny that you find on the sidewalk, and build it up to a million dollars in 9 weeks! I've already gone from 1 penny to over a thousand dollars in 5 weeks!

Once you have enough money to do what you want, you can go back to the old way of making money if you don't like getting rich!



And if you believe that, I have the deed to a bridge that you might like to buy.


It is surely helpful to be skeptical of something that sounds too easy. However, it is ANYTHING but easy to follow a plan that you've never done before OR never heard of anybody else doing.

The first item I bought, (after first picking up a penny in the Redding Mall shopping center in Redding, CA), was to hit Electronics Boutique. I found some outdated strategy guides for computer games. The store has a policy of reducing prices down until the item sells, even to a penny on closeout items if necessary, so, I found a $19.95 book that sold, IN THE MALL, for exactly 1 cent! I then made a scan of the cover and the receipt, and went down to the local used book store. Since the book was brand new, other than the little bit of handling that occured while I drove over to the store, I got the full 10% in cash that the store offered at that time for used books that they wanted. If you know math, you would be able to calculate my ROI or Return On Investement. 1 penny into $2.00 in a few hours is a FABULOUS rate of return! I can add more stages to the journey, but it involves realizing that you CANNOT do the SAME THING at each stage of money. What works for $50, won't work for beans for $5,000. You have to continually expand your horizons and seek out opportunities that you've never dealth with before. THIS is the hard part, heheheh!

No bridges needed.

Peace be with you!



The website that explains the Million Dollar Penny is If that doesnt tell you something, nothing will.

Further info:

The Motley Fool talks about buying and selling STOCKS. You don't control ANYTHING when you buy a stock. The COMPANY controls the activities of the company, and their chosen financial activity controls the price of the stock. The HOPE of buying the next "penny stock" (defined as a stock priced under $5) that will be WORTH a million dollars someday, (which is what those articles were talking about), has absolutely no bearing on MAKING a million dollars by becoming curious about your world enough to search out opportunities that have a HIGH ROI relative to traditional, passive investments (such as stocks, bonds, etc.).

The terminology IS similar SOUNDING, and I thank you for pointing out this obvious similarity right off the bat. As far as I know, I am the only one touting the particular flavor of "The Million Dollar Penny" that is (barely) described above.

It is my belief, (subject to verification), that there is PLENTY of money, goods and services and the people to supply them. What we have a LACK of, is the confidence to HAVE all that we need, (and when the bread and butter run out on the table, it is VERY hard for me to keep MY confidence up also), and that opportunities abound. We have a lack of faith in our financial system, in the integrity of the people who appear to be "running the show" and the value systems of the businesses that are reportedly lying, cheating and stealing as much as they can get away with that we see and hear about all the time in the media.

Ordinary people, who don't have remarkable opportunities to run large organizations for their personal profit, nevertheless have God given talents and skills. Given a systematic method for practicing buying and selling skills, I hope to prove that EVERYBODY can make ENOUGH to support a modest lifestyle without having to endure decades of indentured servitude, or compromising their values unduly, as many corporate structures require.

The basic system says: It is easy to find things that you can buy at a given price level, and that IF you take the time to find the right market for, will make you double to ten times your money. If you only double your money, you will have to work each level of the Million Dollar Penny 5 times or more before you can advance to the next level. If you make ten times your money, you only have to find one deal at each level.

If you make 200 times your money, as I did on my very first deal, you can skip a level.

Week 1: Pick up a penny off the ground. Shopping malls are excellent places to do this, as teenagers are constantly discarding things they believe to be worthless. Buy something for a penny, (it doesn't have to be at the mall, but I did it just to prove that it isn't necessary to go to garage sales, that REAL retail stores WILL sell you something for a penny), that you KNOW is worth somewhere between 2 to 10 cents (or more). Go sell it for that much money and record your progress. If you don't have enough money (10x) to progress to the next level, do another deal at this level.

Week 2: Take your 10 cents, and go buy something somewhere for around a dime that you KNOW is worth at least 20 cents to a dollar. Sell it. If you have less than a dollar, repeat this step until you do.

Week 3:Grow your money from a dollar to 10 dollars. Use exactly the same principles as before, but if you are starting to have trouble thinking of things that you can buy for a dollar that are worth 2 to 10 dollars, look in the paper. Classified ads have lots of things for sale in this price range.

Week 4: Grow your money from 10 dollars to 100 dollars. You will probably have to be buying different sorts of things than you have been so far. Your OLD methods won't work as well any longer. I can buy a car for $40 whenever there is a car auction up north of where I live. I KNOW that I can sell ANY car for $80 to $500. It runs, after all, and just because the people at the auction can't be bothered advertising their auction more effectively doesn't mean that there aren't cars for sale for cheap and that they won't be purchased by people that need transportation to get to work!

Week 5: Grow your money from 100 dollars to $1,000. You will probably be able to deal in cars and mobile homes and tools in this price range.

Week 6: Grow your money from $1,000 to $10,000. Okay, things are getting considerably easier now. You can buy property for this price range pretty easily. Check out eBay if you doubt me. Surely you can figure out a way to sell something that somebody wants for $10,000, right? I bought a "worthless" parcel for $100 and last year, somebody sold 4 of these so called "worthless parcels" all in one sale, that went for $10,000 each on the open market. Turns out some people think $10,000 is a bargain for a bigger yard next to their home.

Week 7: Grow your money from $10,000 to $100,000. Real estate is very likely to be your vehicle here, but businesses, airplanes, or anything that you understand well enough to find a bargain priced asset will do. Don't let your previous experiences limit your imagination!

Week 8: Grow your money from $100,000 to $1,000,000. Apartment buildings and strip malls and various other properties qualify for this price range. I would guess that heavy equipment would also be a likely candidate. You probably could easily make this much money on options on real estate if you didn't care to actually take ownership of the property at this level. The time to manage your due dilligence might slow the process down, but hey, making a million in a year isn't so bad either, right?

And so what if you flub up a couple of steps and lose money a few times? Just drop back to the level you last managed to achieve success at, and do it 5 or 10 more times, and rejoin the next level with a replenished purse.

As I stated, I took a penny from scratch to around a thousand in 5 weeks or so. I have the documentation, and I am planning on starting another round shortly. I'll be using current ads, current prices and current bargains to show how this is really possible. I personally know of houses that I can buy tomorrow for as little as $500 (yeah, they're in lousy shape, bad neighborhood, etc.), and can be fixed up to be worth over $100,000 IN the bad neighborhood, etc. If you can do the fixing for less than $90,000 then you've moved up pretty well to another level, haven't you? I saw a contractor who was really organized about the whole thing. HE bought 8 houses in the same block at once, and had his construction workers swing through each house and move to the one next door once their particular construction phase was completed. I don't have anything like that kind of experience, but I bet I could HIRE him!

If anybody wants to join in the fun, I will be collecting stories at each price level from all areas around the country. Later, I will do this in as many parts of the world as makes sense. Clearly, an industrialized country is easier than a primarily agrarian economy. In the USA, we throw away so much valuable stuff, that I doubt that I would have to pay ANYTHING for the stuff that I could then sell to make a million dollars!

[At the time that this was originally written] The economy has tanked pretty deeply. You are wondering what you are going to do if things get worse yourself. This technique will allow YOU to teach yourself some survival skills that at worst, will be an enjoyable waste of time. The confidence that you would have after taking yourself from a penny to a million dollars would mean that you would never again complain about a lack of money (which is only another tool after all) as being the reason for your living a life that wasn't fulfilling and meaningful. Your life may or may not ever be fulfilling and meaningful, but you will realize that it isn't the lack of money that made it so.

Because of the current economy, there are SCADS of bargains out there for an adventurous spirit to find! Go forth and prosper! Pay cash, and never go into debt. My lesson in this regard has been "If I don't have all the money I want to buy something, then I must not be a very good steward of that much money yet." I'll go and practice my stewardship skills and then see whether or not I am allowed to play with a bigger allowance.

Thank you for your skepticism, and your helpful point about the stock market scam that sounds similar to the Million Dollar Penny. Please take the time to see whether or not YOU could start with a small amount of money, and systematically, make it grow rapidly. If you are insulted by making small amounts of money, then go ahead and make what you think you are capable of. I think that practicing EACH level once a week will keep me current on the state of the local economy in a way that nothing else will. I HAVE NOT yet gone all the way through these steps IN SEQUENTIAL ORDER! WHEN I DO, I will point it out. I am concerned that people that skip steps will not develop enough skill and confidence to repeat their experience ANY time that they want or desire. This is why I urge you to consider being humble enough to learn what buying an item for a penny and then selling it for 10 cents (or more) will teach you (and so forth). Until then,

May God bless, and peace be with you!

2013Jul11 Note: It has been years since I've visited this site and answered any questions. Today, I got an email notifiying me that somebody has given me a "confidence point" for this answer. This is somewhat interesting, because I am sitting, pretty much homeless and apparently loveless, on the concrete bench next to the public libary in a mid-western state that I've never been to before.

I am staring at a penny lying on the ground, next to a trash can recepticle, while reading the email message.

Is this the universe's way of giving me a "job" (as well as telling me to "mind my own business")?

I think so. Okay, I'll start the game up again, and write down my experiences about it. Perhaps it will be amusing enough for you to enjoy while you read it. I'll post a link here someday to the article.

Thanks for the confidence point, whoever you are! If it weren't for your action today, I wouldn't be taking any myself, more than likely.


P.S. It was a 2010 P Lincoln penny, with the new, ugly shield design on the reverse.

Investing and Financial Markets
Investment Theory

How do you pronounce baccalaureate?


The "et" rhymes with "set" or "pet"

Investing and Financial Markets

Who is the Spokesman for JG Wentworth?

The guy in the commercial is named Roger Conover. He's an actor, NOT the founder of the company. Fact is JG Wentworth (the person) does not exist. I know this because I worked for the company from June 1998 to September 2009 in Fort Lee, New Jersey.

Investing and Financial Markets
Math and Arithmetic
Stock Market

What kind of math is used in stock markets?

they use statistics to calculate raises or drops in points in the Dow Jones and other stocks. you can take the AP statistics to learn how to do this.

Personal Finance
Investing and Financial Markets
Business Accounting and Bookkeeping

When quick ratio is greater than current ratio?

The main difference between quick and current ratios is the inventory. In cases where inventory value is in -ve (ie, stale goods and disposing them off takes money. hence, the net value of inventory goes -ve), CR < QR [addition of -ve qty] HTH

Investing and Financial Markets

Is 1.5 more or less than 1.05 and 1.005?

It is more than both

Investing and Financial Markets
Stock Market

Why is the stock market closed on Good Friday?

The New York Stock Exchange has been closed in observance of Good Friday since its inception. Due to extraordinary circumstances, it was open on Good Friday in 1898, 1906 and 1907.

The New York Stock Exchange and Nasdaq are not Federal or State institutions.

Debt and Bankruptcy
Investing and Financial Markets
Home Equity and Refinancing

What is the ideal ratio for total debt ratio?

Basically there is no absolute plug number.

It differs from one firm to another.

Say for instance: a starting fast growth High-tech firm normally will have higher ratio than a mature profitable one.

The same goes from industry to industry: transportation VS pharmaceuticals.

Conclusion: each firms has its own unique dept ratio, but what matter is, how efficient the dept is managed.

Investing and Financial Markets

Is AMUL a listed company?

Amul is not the name of a company. It is a trademark, owned by Gujarat Cooperative Milk Marketing Federation Ltd.

Investing and Financial Markets

How does saving affect borrowing and investing?

Generally human tendency is always thinking about future as the future is uncertain. In economics when income increases consumption also increases but less than proportionately. This is because everyone wants to save some portion of their income for their future. The reason for India for not so affected when Global recession was so much impact on the western countries, is saving tendency of the Indians. However, if the saving is high in the economy due to uncertainity, the volume of circulation of the money in the economy will become less and it will lead to lesser borrowing and investing attitude of the people. However, for any healthy economy there must be dynamic borrowing and investing with considerable amount of saving.

Investing and Financial Markets

How to contact Coinmama customer support for technical support?

Excellent Coinmama!! customer Service ☏+฿ 18556710779 ☎️ They've helped me two times with an issues that I thought were unfixable!

Thank you Alex from Coinmama for being so kind and patient with me! I really appreciate it.

Take care,


Investing and Financial Markets
Investment Banking

What do you mean by the term Beta in investments?

Beta is a number that describes how the volatility of a stock varies with a nominated benchmark index. It's the covariance of the stock with respect to the index divided by the variance of the index.

The related link contains more information

Investing and Financial Markets
Units of Measure
World Currencies

1 billion equal to how many crores?

One crore is 10 million. So, one billion is equal to 100 crore or 1000 million.

Investing and Financial Markets

What are the advantages and disadvantages of gaap?

"There are managers who actively use GAAP to deceive and defraud. They know that many investors and creditors accept GAAP results as gospel. So these charlatans interpret the rules "imaginatively" and record business transactions in ways that technically comply with GAAP but actually display an economic illusion to the world. As long as investors - including supposedly sophisticated institutions - place fancy valuations on reported "earnings" that march steadily upward, you can be sure that some managers and promoters will exploit GAAP to produce such numbers, no matter what the truth may be. Over the years, Charlie Munger and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been ensured. It has been far safer to steal large sums with a pen than small sums with a gun." - Warren Buffett

Marketing Advertising and Sales
Investing and Financial Markets
Sales and Customer Service
Market Research

What is Holistic marketing concept?

Holistic marketing concept is based on development, design, and implementation of marketing programs, processes, and activities that recognize their breadth and interdependencies.

Holistic marketing recognizes that "everything matters" with marketing

and that a broad, integrated perspective is necessary to attain the best solution

Four main compnents of holistic marketing are: relationship marketing - integrated marketing - internal marketing - and socially responsible marketing.

Im other words it is brining everything together

Investing and Financial Markets
Stock Market

What countries does stock market base their time?






Investing and Financial Markets
Mathematical Finance

What is cemtex dep?

Hi Do not confused, that amount is your own amount. i.e pf or other amount that paid by cheque

Investing and Financial Markets
Stock Market
Salt Lake City

Brigham Street Society?


Which states they were bought by "Leucadia National Corporation", which I found a wikipedia page on them as:

This has more information about what appears to be the same "secret" group by listing high return on investment in annual returns as well as their various investments as a holding company (matching the business types of investment examples in the secret booklet) and also an office "Salt Lake City, UT". Their booklet also talks about two Harvard Friends who make all the decisions and this Wikipedia site talks about "Leucadia executives Ian Cumming and Joseph Steinberg both graduated in the same Harvard Business School Class of 1970. They joined Leucadia around 1979. Ian Cumming (a Vancouver native) and Joseph Steinberg each own about 13% of Leucadia's shares". I hope that helps everybody...and saves them the money of paying $74.50 for Porter Stansberry's Investment Advisory package.

Investing and Financial Markets

How does Barclays Capital differentiate itself from it's competitors?

It is very difficult to differentiate yourself in the investment banking field. Barclays has a rich UK tadition in commercial banking. With the acquistion of Lehman Brothers they have moved grown into a serious competitor in the US. Reputation and relationships are the primary ways that any banks compete.

Investing and Financial Markets
Investment Banking

Can a chartered accountant become an investment banker?

Yes they can, in fact it is well known that when companies look for investment bankers, chartered accountants are the types of people that they consider.


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