Recently we were thinking about movies with some kind of financial lesson. The financial side of making films has always intrigued us. Historically the Oscars have always been proof that the biggest budget doesn’t always give the best ROI. In 2010, the lowest grossing Oscar winning film in history – The Hurt Locker – beat out the highest grossing picture in history – Avatar.
Here’s my list of the top 10 movies ever made that have a financial lesson inside of them.
1. Boiler Room (2000) – A college dropout gets a job and enjoys fast success at a brokerage house selling phony stock. However, the job turns out not be as legit as it sounds. This film is mix of Wall Street and Glengarry Glen Ross thrown in. Although there’s no character here that can compare to Michael Douglas’ Gordon Gekko.
Lesson: Great morality lesson dealing with the desire to get rich quick, regardless of the consequences.
2. Wall Street (1987) – “Greed, for lack of a better word, is good”. This line by ruthless corporate raider, Gordon Gekko, summed up the business ethics of the 1980s, when greed, corruption and the predatory nature of the financial world was at its most conspicuous. The film charts the ascent of a young, ambitious stockbroker who’s taken under Gekko’s wing and struggles with whether it’s better to have money or integrity. Gekko is the embodiment of corporate malfeasance, but also portrayed as a business guru. His glamor and power probably inspired a lot of young men to enter investment banking over the last two decades. As Gekko said, “It’s all about bucks, kid. The rest is conversation.”
Lesson: Greed is good. What’s worth doing is worth doing for money. Lunch is for wimps. If you need a friend, buy a dog. So goes the wisdom of Gordon Gekko, ruthless investor, legendary financier – and the star of one of the best movies ever made about money. This film also provides a great backdrop to the landscape that led to the financial crisis of 2008.
3. Glengarry Glen Ross (1992) – Times are tough. This is the ultimate real estate high pressure sales environment film where making money is the bottom line. A desperate group of Chicago investment property real estate salesmen suffer in a down market, a sales contest is launched and anyone who fails loses his job.
Now that the property bubble has burst, some real estate offices may soon seem a little bit more “Glengarry”. There’s no room for losers, only ‘closers’ will get the good sales leads. Some regarded this film as a critique of the impact of Reaganomics.
Lesson: Too much pressure to succeed can boil over into tragedy with unforeseen consequences.
With the upcoming premiere of the film “Wall Street – Money Never Sleeps” it got me thinking about movies with some kind of financial lesson. The financial side of making filmshasalways intrigued me. This year’s Oscars were yet again proof that the biggest budget doesn’t always give the best ROI. In 2010, the lowest grossing Oscar winning film in history – The Hurt Locker – beat out the highest grossing picture in history – Avatar.
Here’s my list of the top 10 movies ever made that have a financial lesson inside of them.
4. Maxed Out. Hard times. Easy Credit. The Era of Predatory Lending (2006) – This documentary shows how the modern financial industry really works. It explores America’s love with credit and leveraged debt and tells us why the poor are getting poorer and the rich getting richer. When Hurricane Katrina ravaged America’s coast, it revealed that America was far from the world’s wealthiest nation. It also highlighted America’s crumbling beneath a staggering burden of individual and government debt. Maxed Out shows how predatory lending was out of control, including credit cards pumped to college kids who had no income. This is a great movie. It’ll make you feel different about your money.
Lesson: It delivers a great lesson on how to borrow and shows why you don’t want to live on credit. Credit is the devil. Do you know anyone who got into trouble because they didn’t borrow too much money? Maxed Out paints a picture of a national nightmare which is all too real for most of us – out of control spending and an irrational use of credit.
5. Enron: The Smartest Guys in the Room (2005) – Before Bernie Madoff, there were Ken Lay and Jeff Skilling who ran the Houston energy firm that was going to reinvent how energy was going to be done in America. Enron was highly profitable, had a great amount of cash flow and earnings and the stock price soared. Its executives cashed out options worth millions and told employees their best 401K option was Enron stock. Thousands lost all their retirement savings because they put all their bets on one company. Took Enron 16 yrs to from 10b assets to 65b assets, but it took them 24 days to go bankrupt. It won the Academy Award for best documentary.
Lessons: Have a financial plan, have a discipline. If you have a stock that looks too good to be true and it just keeps going up, up, up, it’s probably too good to be true. Diversify, Diversify, Diversify. Don’t put all your eggs into one basket.
6. Working Girl (1988) – Melanie Griffith plays Tess McGill. Endearing 80s film. Ultimately she takes a job as a secretary but she wants to rise in investment world. Wants to rise to power, combines her business degree from night school w/ her street smart acumen & pulls of a mega-merger. Total fantasy. Prince charming happy ending w/ Harrison Ford. “I have a head for business and a body for sex.”, says Melanie Griffith’s character. Go back to night school, go back & get a degree. Go get educated, you’ll get leverage. No one can take your education away from you.
Lessons: Your education, your smarts can’t be wiped out in a recession. Your earning power is rooted in your skills, in your education. Provides an entertaining reminder that if you have something to offer your co. & they don’t seem too interested, then take your skills elsewhere. If you are a super powerful earner at one job, you can make yourself a super powerful earner anywhere.
7. Treasure of the Sierra Madre. 1948. Classic western cautionary tale about how not to launch a venture. If you took everything that Howard Dobbs & Kutan did in this movie: “Get rich quickly without a credible business plan.” “Badges, we don’t need no stinking badges.” Don’t swing blindly, don’t come up w/ a get rich quick scheme, don’t do a pyramid scheme, don’t sell products from your house to your friends or recruit your friends.
Lesson: In life, as in baseball, you’re gonna strike out. You don’t want to strike out blindly while your pursuing a huge home run. You gotta know your business, know your partners, know where you are in all of this.
8. Mr. Blanding Builds His Dream House (1948) – Was remade into The Money Pit, starring Tom Hanks & Shelly Long. Owning a home ain’t cheap. It can turn into a massively expensive ordeal. Home is really a money pit. Owning a home comes w/ a lot of responsibility, gotta have credit, gotta have a down payment, pay your bills, maintain the home, gotta know the risks up front. It’s expensive. You gotta know the worse case scenarios, all the risks, the downside.
Lesson: Shows how the American dream of owning a home can go terribly wrong. Home ownership is not for everybody and shouldn’t be promoted as such by the government.
9. Confessions Of A Shopaholic (2009) – About a chic who’s struggling with a debilitating obsession with shopping and has 12 maxed out credit cards. She unintentionally lands a job as a financial journalist and falls for a wealthy entrepreneur. Don’t buy a $400 watch because it quickly depreciates to nothing. I will buy a $4,000 Rolex – nothing less than a Rolex — because it can still be sold 10 yrs after you buy it for what you paid for it. You use credit to buy things of value: an education, a car to get you to work, (I prefer to buy 2-yr old used cars because it loses half its value up front when you drive it off the lot, but you can still get 50-60,000 miles out of it.)
Lesson: Only use credit for things that have value. Pay cash for everything else.
10. Brewster’s Millions (1985) – The ultimate spending spree is something that most of us have daydreamt about at some time. A minor league baseball player, Montgomery Brewster, (Richard Pryor) has to waste $30m in 30s days in order to inherit $300m; however, he’s not allowed to tell anyone about the $300m deal.
Lesson: How corruptible too much money can be and how difficult it can be to use it responsibly.
As a keen investor, you will know that the stock market is constantly changing. In 2008, it was estimated that the size of the world stock market was $36.6 trillion. It is ever growing and expanding, but also dipping and rising in value all the time.
These days you can invest in almost anything, from gold and silver on Bullion Vault to Real Estate. If you’ve invested in stocks and shares then you are going to want to check the stock market on a regular basis. We have found just a couple of the best stock apps about so you can track and manage your stocks right from your iPad.
This app by Value Prime, is a powerful stock analysis app which provides thorough analysis for a huge variety of stocks. In addition, it also helps you to judge stocks by providing statistics based upon risk, valuation and financial strength. The app has an archive of 6,700 stocks, and for each stock you are given a detailed overview of its state. The app is able to tell you everything about the stock, from its valuation rating and financial strength to its risk score and its sharpe ratio. It has a user-friendly interface which is loaded with tons of features.
Produced by Toughturtle LLC, StockWatch allows you to easily track your stocks from your iPad. It differs from StockGuru because this app is purely designed to help you track stocks you already own, rather than helping you make decisions on other stocks. The app was noted in Apple’s iTunes Rewind as one of the best apps of 2010. You can create portfolios and even make watch-lists so you never miss a thing. In addition, there is a news feed integrated in the app so you will always be in the know.
At one time or another, most of us have thought about dabbling in the stock market. the whole thing seems so complicated, however, that only a few of us have actually taken the plunge. It is, in fact, a lot easier than you would think if you know what to do. Here’s the best ways to go about it.
You need two things to start trading; one is $500 and the second is an online trader. the least amount of money that most companies require is $500, so make sure you have this available.
The reason they set a limit is because, quite frankly, if you want to make a significant investment, you need a decent amount of money to do so. If you are a bit short of the $500, shop around as there may be traders who will take you with less.
Make sure that you can access your bank account online. you may do this already; if you don’t, contact your bank so see if yours is available this way, most are these days. this makes life easier for you to transfer funds direct to your trader.
Don’t rush into signing up with the first trader you find, do your research. this is your money they are playing with after all. Check out the reviews of all the traders you are interested. there will inevitable be some bad ones but look for the ones with more good ones than bad.
Once you have selected a trader and made your initial deposit, you are good to go. have a look now for the stock symbols or current quotes for the companies you are keen to invest in.
Once again, please do your homework before you invest in any company. look for consistency rather than high peaks and troughs. What may seem a good investment may not be when you check out past performances. the aim is to make money not lose it, so be careful.
Remember that once you have your shares, they are yours for as long as you want them.
Discount stock brokers are the brokers or brokerage houses which provide you with a cheap stock trading facility. most of the times these brokerage houses have fully automated trading platforms which are used by the traders to buy and sell stocks using internet connection. Since they provide a cheaper option, these are generally referred to as discount stock brokers.
Most of the times these discount brokers have automated trading platforms which work without any intervention of human beings. Since they do not need any services from experts and analysts, they charge the traders based on the number of transactions. That is the reason why discount stock brokers are great for beginners in stock market who do not want to give away loads of money as brokerage fees whenever they buy or sell the stocks.
To start using a discount brokerage system, all you need a brokerage and demat account. you just deposit some money in your brokerage account and then you will be able to trade any security directly through the internet. you don’t need to make any calls to customer care or wait for your transaction to happen overnight. the transactions are matched instantaneously without intervention of any human. the charges for this service are pretty low. Usually, you have to pay anywhere between $0 and $10 per transaction and there is no advise being provided by discount brokers.
On the other hand, the full service stock brokers provide an array of services apart from just the brokerage service. these large institutions usually have a large number of advisors who are allocated to investors to help them make decisions about buying and selling of stocks. Obviously, these stock broker houses will charge you premium for these services and they may also ask for some part of profit which you make on their recommendation. Their charges are higher than discount stock brokers.
There is a plethora of discount brokers in the market today. you should always take time and research over the internet to find a suitable stock broker. apart from the brokerage charges, you should also consider other factors like user interface of the system, customer care facilities, direct deposit facilities etc. there are various internet websites available today where you can compare multiple brokers at the same time along with their complete set of features and then choose the best discount stock broker as per your need and budget.
If you want to enjoy trading sitting at the comfort of your home; online stock trading is what you might be looking for. It is easier to open an account online. You can open an account in few clicks of mouse and you can get started. however, there are below mentioned instructions while trading online:
· There are thousands of online brokers on the web. Finding the right kind of broker can be challenging for you. You have to research in order to find the one and after you trust a broker, you can open an account.
· You will be required to register on the broker’s website. the registration process is easy and you have to fill in the details including Name, address, social security number and other information asked on the website.
· in order to get started, you will be required to fund the account. You can easily do it via wire transfer, check or ACH. this will take three to four days to transfer the money to your trading account.
· You have to complete the rest of the registration process such as paper work, password, PIN code and other security measures.
· almost all these brokers’ websites provide online tutorials and help options so that the registered users can understand the various terms, tricks and other related techniques implemented in stock trading.
· You can choose the company, you want to invest in and then you can buy some stocks. You will have to proceed as per the instructions given on the website.
Online trading has become popular in recent years because the investors do not have to go anywhere and they can make money online. however, you have to be careful about getting scammed by these websites. You must register on the website which is genuine and have history of satisfied investors.
would You like to Know more About Online Stock Trading
NEW YORK, Jun 25, 2010 (BUSINESS WIRE) –ClearBridge Energy MLP Fund Inc. (the “Fund”) announced today that pricing has been completed for its initial public offering. The Fund raised approximately $1.268 billion in its common stock offering, assuming full exercise of the underwriters’ overallotment option, which may or may not occur. Its shares began trading today on the New York Stock Exchange under the symbol “CEM.”
The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. There can be no assurance the Fund will achieve its investment objective.
The Fund seeks to achieve its objective by investing primarily in master limited partnerships (“MLPs”) in the energy sector. The Fund considers MLPs to be in the energy sector if they derive at least 50% of their revenues from the businesses of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. When a company is organized as a MLP, it benefits from a structure that combines the tax benefits associated with limited partnerships with the liquidity of publicly traded securities.
“This innovative fund structure should provide investors with an efficient way to invest in an asset class that has historically provided steady cash flows with tax advantages. Furthermore, we believe that CEM could provide a potential hedge in a rising interest rate environment,” said Matt Schiffman, Head of Americas Retail for Legg Mason.
ClearBridge Energy MLP Fund Inc. is a newly organized, non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Advisors, LLC (“ClearBridge”). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”).
The underwriting syndicate was led by Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Ameriprise Financial Services, Inc.
For more information, please contact the Fund at 1-888-777-0102 or visit the Fund’s web site at www.leggmason.com/cef.
About Legg Mason:
Legg Mason is a global asset management firm with approximately $658 billion in assets under management as of May 31, 2010. The company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange /quotes/comstock/13*!lm/quotes/nls/lm (LM 30.14, -0.02, -0.07%) .
ClearBridge Advisors is Legg Mason’s largest equity manager with approximately $54.4 billion in assets under management, as of March 31, 2010. Led by the insight of proprietary, fundamental research and a team of portfolio managers with an average of 23 years of investment industry experience, their investment process provides clients with a diverse menu of equity-focused strategies in a number of investment vehicles and personalized, value-added client service.
Investors should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. The prospectus, which contains this and other information about the Fund, should be read carefully before investing. A copy of the final prospectus relating to these securities may be obtained by contacting your financial advisor.
All data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund. The Fund’s common shares are traded on the New York Stock Exchange. Similar to stocks, the Fund’s share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value.
This press release contains “forward-looking statements” as defined under the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from the Fund’s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the volume of sales and purchase of shares; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the Fund’s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objective will be attained.
SOURCE: ClearBridge Energy MLP Fund Inc.
Legg Mason & Co., LLC Brenda Grandell, 212-857-8087 Director, Closed-End Funds or Maria Rosati, 212-805-6036 Media Relations
Copyright Business Wire 2010
Stock Basics ? Stock Analysis will you do when done Rich!
Stock analysis, when done correctly, will change your life! Analysis of actions is a fundamental key markets. it will help you turn a small amount of personal savings in a trading account quickly snowball. Inventory Analysis correctly the potential to free you from work, debt and a feeling of “missing” in one of the few people who are truly independent, can live anywhere in the world, they like and need only work a few hours a week. it is for these reasons that many people seek to control the stock market. Learning to make a stock analysis in the right direction is the first step in a journey of liberating self discovery and personal fulfillment.
They research which stocks behaved as they did, cherry selected the winners and then went out and looked for them!
as investors, we all want the “safety margin” that Benjamin Graham has spoken. The purchase of outstanding shares in firms goes a long way to provide this so that our reduction is limited. ” / p> however, this alone does not provide adequate protection. Large companies like Cisco have passed through the stomach churning correction of nearly 90%. The missing part was here the technical analysis … buy the best companies at the right time instead of just buying the best companies. “/ em> When you put the two pieces of the puzzle as well as stock analysis, purchasing and large enterprises buy exactly the right time, your success in the stock market is almost assured. So when you think about investing in stocks or commercial use both technical and fundamental analysis. keep your overdraft and low your raincoat by the analysis of actions in the right way!
Minimize risk by selecting entry points is a great foundation to award the most important control.
Live global stock markets
Taking wise investment decision is really the most tough in the life of an online trader or a person interested in this business. It is one of the painful aspects in the life of traders because so many issues depend on this. Trading in stock options is tough and so it is not easy to take investment decisions in short times. Time factor is also there as smart decisions are required in a very short time. You have to decide in a very short time that where to invest and how much to invest and also for how long to invest. To take good decisions you must know if a share would provide benefit or not. If such questions disturb you then this is the time to turn towards Internet and look out for some good trading options like online trading comparison.
You might be contacting stock market professional and other investors for consultancies. Nowadays one more option is available in the form of online trading comparison. You might know that people are opting for online trading communities for making online stock trading strategies. Because you need to do a lot of discussions before opting for a particular investment option. An investors community can help you in a nice manner by offering open discussions which can help a lot in preparing online stock trading strategies. If you are going to purchase some stock options and if you have some queries regarding its prospects, then you can take the help from the online facility of online trading comparison.
It helps if you discuss things after comparison of the trading options. In that case you can take the help of online trading comparison sites and stock community. An online trading community facilitates discussions and it makes your decision making easier. You can get precious advices through such community like you can ask a question and seek answers regarding online stock trading strategies. These websites can become the sources of information about the basics of trading and this is also a good opportunity for you to network with other people in the same business.
Thus go through online trading comparison sites and start interaction to learn from other’s trading experiences. And do take wise financial decisions.
With the help of practice stock trading account, the investor gets an opportunity to get familiar with the interface without risking money. There are various websites on the internet which let you invest in virtual stock trading with virtual money. This is very helpful in enhancing your skills and knowledge about stock exchanges. It is recommended to practice on these websites before actually getting started real-time.
You will be happy to know that it is free to open a practice account on these websites. While opening an account, you will be required to select the stock exchanges which you want to invest in virtually. Some of these exchanges include AMEX, NASDAQ, NYSE and some foreign exchanges. It is possible for you to practice buying and selling mutual funds.
You will be able to compete with others or with yourself with practice accounts. You are able to select the features which you want to play with on these accounts. You can decide how much money you want to invest virtually, how you will invest and use it for buying and selling. You can even decide how the game will end.
Virtual accounts will be helpful in knowing the basics of stock trading and you will feel more confident while playing in the real world. However, there are some considerations when playing virtually. It has been observed that the players tend to invest blindly while practicing. It is recommended to set the limits on these accounts as well.
This is because of the reason that they are meant for enhancing the skills and knowledge and if they are not used properly, they will never know the tricks which they can use when playing real time. Stock trading can be the source of earning money if you are successful in applying the techniques at the right time.
What are the top Online Stock Trading services? Difficult questions but I have ranked the top ten online trading services. Read below:
- Interactive Brokers – Best made for your frequent trader, Interactive Brokers offers many options the discount brokers lack. With advanced Forex and Options Trading it is a sure winner for those heavy investors. The fee structure is the cheapest out there at .005 cents per share. The best choice for any investor the only hold back is the $10K minimum. Anyone just beginning to invest in stocks should start off with a simpler platform and build their way up.
- OptionsXpress – Despite its name, this online stock trading site offers accounts that trade just about any type of security you want including options, stocks, mutual funds, exchange traded funds, futures and more. This site is easy to use and gets to the point. Not the cheapest, but tops in functionality. Plus they offer Free Account Transfers. If you are just beginning to trade stocks then this is a sure winner.
- E*Trade – E*Trade gets high marks for its range of offerings including banking and mutual funds. In recent years they have absorbed several other brokerage firms which has positioned them as the Global online stock trading market leader. Like all the others it offers low rates and much lower starting amounts. E*Trade is great at offering all the extras from portfolio graphs, iPhone Apps, etc. Plus those E*Trade Baby Commercials got to make you laugh. Great place to start trading stocks in.
- Charles Schwab – Schwab is the oldest of discount brokerage and is carrying this tradition to its online offering. Slowly its shifting to look more like a traditional broker. The great part is it offers its own research and clients can work with an investment advisor or Schwab will manage their account for them which is convenient if you know nothing about the markets. Rated as the best choice by The Wall Street Journal. A classic choice for the older investors.
- Scottrade – Their claim to fame is superior customer satisfaction, which you can tell by the J.D Power and Associates survey of online brokers. S7 commissions are reasonable and they offer solid analysis w/ the S&P reports. Was a long-time user and would recommend it to anyone.
- Trade King – TradeKing is the online stock trading site to checkout for low cost trading. If you want the cheapest trading on the web, TradeKing is the solution. Barron’s agrees by rating it as the best place to start if you are looking for the best price for trades.
- Wells Fargo – Finally a large retail bank entering the brokerage services. Wells Fargo is solid as you are offered five different levels of accounts depending on whether you want a strictly independent trading account or a version of their managed accounts.
- TD Ameritrade – TD Ameritrade is another brokerage that is the result of mergers and has now become one of the largest players. The company has a large selection of mutual funds and is noted for its responsiveness to customer inquiries.
- Fidelity – Fidelity shows up at the top or near the top of almost every ranking of online stock trading brokers. They are not the least expensive, but top most lists in customer satisfaction.
- Zecco – Known for offering free stock trades, Zecco has become a competitive discount broker. It winning rave reviews as the up and comer among Brokerage Accounts. Be prepared to do your own research however, as Zecco doesn’t offer all the luxuries you might be use to. If you are strapped for cash and don’t want excessively high fees, then Zecco is the place to trade stocks.
Hope this will make it easier for you to find which online stock trading services fits you best.