Archive for category Investing

Check Applicant Work History – Lying Is a Sign of the Need for Greed

I’ve found it a must to check applicant work history when reviewing my top candidates for an open position within the company. The bottom line is that the need for greed amongst some applicants is so high that inevitably they’ll fabricate entire sections of resumes in order to try to dupe you into hiring them. They figure (and rightly so honestly) that they don’t have to know everything about the job they’re going for – they just need to know more than you.

So don’t let them know more than you!

When I’m filling a maintenance position I do not go down to the department and study every wrench in the toolbox. I’m not a mechanic and I’m not all that big on grease. On the other hand what I DO know is that if someone was hired to do a mechanic’s job at a manufacturing plant his job title probably would not include the title “Janitor” or “Custodial Engineer”. So I check applicant work history. Many times just the threat of such a background check will make (bad or suspect) applicants simply evaporate.

Some try me anyway but I always catch them. I figure my job is to give the department manager a selection of candidates to choose from that meet the minimum qualifications he or she provided. If that slate of candidates doesn’t fill the position I drop down a rung and see who is left. I NEVER send the fraudulent resumes to the hiring manager. Those get returned with a copy of the results of my check applicant work history search and a canned (but polite) rejection letter. In truth they really don’t deserve it but I’m still representing my company when I write to applicants, so I play nice.

This is especially true in the case of doing executive background checks. I still dislike the liars, but sometimes these same frauds end up in executive positions elsewhere – and believe me once in a position of power those folks willing to lie to get a job can be equally ruthless in keeping it. So I make sure to play nice, even when they don’t.

Read more about checking applicant work history and employment background checks in general:
Executive Background Checks and the Employment History Background Check – Do It, Do It, Do It!
Pre-Employment Criminal Background Check Companies – They’ll Save Your Bacon

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No Comments updated July 26, 2013

Landlords Who Tenant Screen Always Come Out Ahead

Why it’s a big secret that landlords who tenant screen are more successful with their properties than landlords who don’t is beyond me.  A quick but thorough review and verification of facts provided on rental applications makes everyone (both landlords and tenants) rest easier at night.  It’s always been my experience that people who wish to live peacefully with their neighbors are usually willing to give up a small amount of their privacy to do so – and don’t mind if I tenant screen – so long as they know everyone else goes through the same process.

I usually present my background check consent form prior to giving out any applications.  If the prospect hands me back a completed and signed consent form, they get to fill out a renter application form.  If they don’t fill out the consent form, no rental application, no exceptions.  There is nothing more disruptive to your peaceful investment property than trying to evict a stubborn, deadbeat tenant – so don’t let them in the door in the first place.  Get the signed consent form, tenant screen them with your renter credit check service, and if they’re no good – don’t rent to them…. even if the bank is screaming at you for money.  Believe me – it’s easier to find a new applicant than to evict a non-payer AND find a new applicant. 

When times are hard and units are empty you have to hold your nerve and keep advertising until a good tenant comes along.  How do you know when you’ve got a decent applicant?  Simple.  Clean credit history (but at least some history), good prior landlord relations (if any), and verified source of stable employment.  Remember… you’re not just checking out the renter at this point.  If he works for a seasonal employer – like construction – you need to ask what he or she does during the off season.

Have some faith, and do your homework.  Tenant screen.  Investigate people who turn in renter applications.  Do not let your guard down, and keep your rates low.  You’ll attract good, stable tenants and keep them a long time.  That… is the secret to running a successful investment property.

Read More on the Tenant Screening Process:
Renter Credit Check – Sample Search Documents from Landlord Tenant Credit Checks
Using A Credit Report Background Check Service – How to Keep It Cheap But Legal
The Tenant Credit and Background Check – What to Ask Your Applicants

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No Comments updated July 26, 2013

Forex Binary Options Broker | Cheap to Start and Commission Free

Forex Binary Options Zero Commission Broker

I had trouble finding a forex binary options broker online, but now I can trade binary options on most of the major forex cross rates I want, whether it’s Dollar/Euro, or Yen/Dollar, or Dollar/Pound. I am very pleased with the informative articles at the trading binary options blog as well. (See a comparison of the leading retail binary options broker platforms)

Trade Binary Options on Any of the Following Forex Cross Rates

Here are the currently trading forex binary options at my broker:

Yen/Pound US Dollar/Canadian Dollar
Yen/US Dollar Euro/US Dollar
Yen/Euro US Dollar/Pound
Australian Dollar/US Dollar US Dollar/Swiss Franc

Any of the above forex option cross rates can be currently traded commission free. US Traders take note that at present StockPair is the only broker able to offer forex binary options to US tradersread more in an online Stockpair review.

Other Binary Options Trading – Stocks, Indices, and Foreign Stocks

Other securities on which binary options are presently trading include securities and indices such as:

BMW Nasdaq Index
DAX Index Microsoft
Volkswagon General Electric
Siemens Google

These stocks plus several other well known, highly liquid securities are trading on the binary options exchange every day. Nearly all the binary options have both an hourly expiry binary option or an end of day expiry binary option.

Binary Options Trading is Cheap!

It’s cheap and easy to open a binary options trading account. Brokers charge no commissions on trades and it only takes a hundred bucks to open an account. Last I looked they were even offering a bonus of $100 on a $500 initial deposit. How cool is that when they give you a hundred bucks just for trading with them?

Find a Forex Binary Option Broker Today

Other Information Available About Binary Options Brokers:

Forex Binary Options: Trade Options with Just $100
Binary Options Trading Tutorial
Free Options Trading for Beginners

Leading Binary Options Broker Reviews and Ratings:
AnyOption Review
Optionbit Review
optionFair Review
GlobalOption Review

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2 Comments updated May 17, 2012

Why Not Use Currency Option Trading to Make Extra Money?

Currency option trading can be a great way to make extra money if you have some concept of how money flows throughout the world.  With a few well placed trades on a daily basis a good trader can net easily between $300 and $1000 a day because certain types of currency option trading turns over hourly… meaning a good trader can turn his capital over very rapidly on a daily basis.

I’ve had a lot of great success trading the US Dollar / Euro cross rate, but don’t let that limit where you trade.  Oh, and the million dollars of collateral you used to need to open a currency options trading account?  You can leave that at home because you can open a currency option trading acount with all of $100.00

I hope your investment returns are awesome this year, lord knows we need a serious bounce back after last year’s collapse.  Check out all the info you can on currency option trading because it’s becoming a great market for the educated little guy.

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No Comments updated April 26, 2011

Binary Options Trading System | Hedge and Double Strategy

I recently saw a binary options trading system that really mitigates a lot of the risk associated with this type of high flying trade, while preserving your capital in the meantime.  Hence it was appropriately named the Hedge and Double Options Trading System.

Day trading options is extremely exciting and lucrative, but it can also be very risky, as many have found out the hard way.  The most awesome thing about day trading binary options is that small capital players like me can have access to both sides of the trade, both put and call, putting intelligent but under-funded traders like me on a level playing field with better capitalized traders.  I’d made a few bucks trading standard options but I’d always had to be on the buy side of the action – calls only.  I didn’t even have enough capital to buy covered puts!  Needless to say it’s hard for a trained trader to make money in investing without all the weapons at his disposal.  Not anymore.

At least on the most liquid stocks and the most traded currencies I now have the ability to use options trading systems such as the Hedge and Double binary options trading system to work on a level playing field – which allows me to use my experience and training properly. Take a few minutes out of your day to learn how to use these incredibly powerful securities to your advantage. In our trading course you will learn several ways how to hedge with options.

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No Comments updated August 8, 2011