Friday, February 26, 2010

Franchise Prices

Amazon and publisher Macmillan finalized their agreement for higher-priced e-books over the weekend. The deal is expected to serve as a template for other publishers, and the new prices should take effect in March, when Apple's iPad goes on sale.



While Amazon said a week ago it would "ultimately" have to concede to Macmillan's demands for higher e-book prices, a formal settlement between the two companies came over the weekend, and Macmillan-published books went back on sale on Amazon.com. The Wall Street Journal noted that the agreement between the two parties will likely "set the stage" for changes in the e-book market in 2010, as Apple enters the fray with its new iPad.



"By agreeing to accept a new pricing model, Amazon has publicly acknowledged the sudden emergence of a rival that may not only threaten its highly popular Kindle franchise but also its total domination of e-books," the report said. It noted that new, higher prices, at least for Macmillan, would begin when the iPad goes on sale in March.



It is Apple's entrance into the e-book market, with its new iBooks application and accompanying iBookstore, that has caused a new rift between publishers and Amazon. Following Macmillan's lead, Hachette Book Group and HarperCollins have both announced their intent to ink new deals with more flexible price structuring with Amazon.



Based on their content deals with Apple, publishers will offer new hardcover bestsellers for between $12.99 and $14.99 on the iPad's iBookstore. Publishers want to offer books under the same pricing structure on Amazon's Kindle.



Last week, Hachette CEO David Young said the price increase is not a way for publishers to make more money on books. In fact, he said, they will make less on each e-book sale under the new model, but authors and agents will be able to make money on every digital sale. He and others in the publishing world believe the new prices will "protect the long term viability of the book marketplace."



While Amazon has dominated the e-book market since its e-ink Kindle reader debuted in 2007, Apple's entrance with its $499 iPad has forced the bookseller to renegotiate its content deals under pressure from publishers. With Hachette, Macmillan and HarperCollins, three of the five major publishers highlighted by Apple at its iPad unveiling have revealed their interest in higher e-book prices.



The moves confirm comments from Apple co-founder Steve Jobs, who said that publishers were upset with Amazon and could begin to pull their content from the bookseller. Declining to elaborate, he simply said that the Kindle and iPad would offer bestsellers at "the same" prices.



The Journal also noted that the only major publisher that has not struck a deal with Apple for iPad content is Random House. The company is said to be "studying the matter."





This review was originally published, by the same author, on www.stadiumjourney.com.


Welcome to the RBC Center, home of the Carolina Hurricanes, North Carolina State Wolfpack, and 18,680 other screaming fans. Located just around 10 minutes north of downtown Raleigh, North Carolina, the arena is well into its 11th season but just as strong as ever. It’s also been home to some incredible accomplishments over the years, including, most famously, the Hurricanes Stanley Cup title in June 2006.


Despite plenty of usage over the years, the RBC Center still looks and seems like one of the newest arenas in the NHL. It’s already housed hundreds of basketball and hockey games, concerts, rodeos, comedians, and even the NHL draft in the decade since its original opening in October 1999, but shows no signs of wear and tear so far.


As they say, “every seat in the arena is the best seat in the arena”, and that saying definitely holds true as soon as you enter the building. From the large glass windows lining much of the front, to the red-carpet second level, to the bathrooms that look more like they belong in a fancy New York City hotel, and even to the massive selection of concessions (ranging from Hardees to a built-in restaurant), the RBC Center is about as elegant of an arena that you can find for any sporting event, anywhere.


 


Welcome to Raleigh, North Carolina


Over the years, Raleigh, normally thought of as a fast growing city known for its three nearby universities, has also become perhaps the largest hockey fanbase anywhere in the southern United States. After the franchise announced its relocation from Hartford, Connecticut in 1996, Raleigh began to prepare to house their first professional sports team ever. After the RBC Center (originally named the ESA Arena) was finished in 1999 and the team stopped playing their games in nearby Greensboro, the city residents began warming up to hockey, and they’ve just gotten more and more dedicated with every passing season.


My visit involved quite interesting and unusual settings, as although Raleigh is not known for having cold winters, the night before the game had brought seven inches of snow, two more inches of ice sealing in the snow, and had completely “paralyzed the town”, as the visiting Hawks announcer quoted on the television broadcast.


Despite less than 7,000 fans showing up for the game, and nearly a third of them seemingly Blackhawks fans, the game was still a great contest. A Carolina 4-2 victory ended up sending 'Canes faithful into a frenzy and backing up traffic for the entire parking lot, but it was definitely an enjoyable game to attend, and it most certainly wouldn’t have been the same without the magic and glamour of the RBC Center.


 


Food & Beverage – 5 out of 5


The food and beverage offered at the RBC Center is among the highest quality anywhere. Not only do they have a very wide range of concessions, but they are also reasonably priced and easy to find on all levels of the arena.


The RBC Center’s general concession booths offer 19 different choices, ranging from “Sausage Stop” (sausage, naturally) to “Dippin’ Dots” (ice cream) to “Hardees” (general concessions) to “Sinfully Sinnamon” (desserts). These stands are available around the arena in the 100’s and 300’s sections, respectively. The RBC Center also has conveniently-placed non-brand style concessions stands, selling the expectable sodas, nachos, candies, soft pretzels, and other common sporting event foods. All of these snacks are available at good prices, although the beverages are slightly on the overpriced side at times.


Also scattered throughout the arena are various clubs and bars, ranging from “Pub 300” to “The Carvery” (yes, I know it sounds like a fancy neighborhood) to “The Locker Room”. On the second level (200’s), complete with dim lighting and a red carpet, there are also several built in restaurants to catch the action while or after dining. Visit rbccenter.com to find out more about how to book reservations and additional information about these restaurants.


 


Atmosphere – 4 out of 5


The RBC Center might have only been finished building 11 years ago, but it’s already piled up its fair share of history and earned the atmosphere you can only feel from a very dedicated fanbase. Below the hanging jerseys and championship banners hanging from the rafters, the RBC Center has been home to ACC Championships in basketball and Stanley Cup titles in hockey.


Although many of the retired jerseys and such were earned long before the turn of the century, this arena is not only fancy and historical but it also has the feel of a true hockey stadium. The chants along to the blaring air-horn of “Lets go ‘Canes!” seem to amp up the electricity several volts, and each goal sends every fan out of their seats as they high-five along to the blaring goal horn, known as one of the loudest and longest in the NHL.


 


Neighborhood – 1.5 out of 5


Although the RBC Center excels at almost every category possible in grading, the surrounding neighborhood is one of only a few sections that doesn’t receive high marks. Besides being right next to N.C. State football’s Carter Finley Stadium, the surrounding neighborhood mostly consists of that, a very large parking lot, and a forest. The closest buildings outside of the wooded lot are a hospital and several large office complexes, and it doesn’t get much better until about two or three miles away once you begin to enter the Crabtree commercial “basin”, known for its frequent flooding, which ruins the lower floor of the mall about every couple years.


There is one shopping center that includes a few fast food restaurants and one Southwestern restaurant at the corner of Edwards Mill and Duraleigh, just slightly north of the RBC Center exits. However, most fans decide to get what they want to eat inside the arena rather than hanging out at one of the few and scattered bars in the surrounding area.


Nearby Restaurants


Bella Monica


Offering quaint southern-style Italian cuisine, but known mostly as one of the best pizza places in town, Bella Monica is just a great nearby restaurant. Reasonable rates are also offered in their welcoming family environment. Bella Monica’s is located near the west entrance on Edwards Mill Rd. While perhaps not the most suiting to more hard-core hockey fans looking for a place to hang out with a drink or two after the game, Bella Monica is simply a must-visit.




Fans – 4.5 out of 5


Are there fans in the RBC Center? Not really. So should I have rated this section a 0? No, because the attendees aren’t fans; they’re lunatics.


Although sellouts are and have always been extremely rare, even in the 2009 playoffs, every single fan, young or old, in attendance is always completely devoted and involved in their Carolina Hurricanes. As you can see in the link about for the goal horn, a Carolina score sends the arena wild. So one stays sitting…it’s just the rule. North Carolina might be a southern state, but every fan knows what hockey’s all about, and they’re all completely dedicated to cheering on their team during the game at hand.


 


Access – 3 out of 5


The RBC Center focuses more on the game at hand and the fan’s comfort while cheering on their ‘Canes, but access is most certainly reasonable at all levels. Parking is on the expensive side (a 10-minute walk usually costs about $10, rates can be up to $15 to $20 closer in) and traffic can get quite clogged up after games, as there are only two two-lane exits, but the parking directors do a good job keeping cars moving heading into the lots and also keep parkers orderly and well organized. There are a few tricks that regulars know to get into the better sections, which is more or less choosing a lane to enter in, but mostly, parking is not a major issue.


Inside, bathrooms and staircases have very high levels of quality. Both are conveniently placed and plentiful, and are cleaned thoroughly. Restrooms also offer 10 sinks, and nearly 20 stalls & toilets. Both are very sanitary and much better than any spectator would expect at any sporting event.


 


Return on Investment – 3 out of 5


Both sides of this calculation are on the high side. While many expenses such as parking, food, and tickets are slightly (but not too much) over-average, there is a very high quality of…well, everything. Concession prices are fairly reasonable for sporting events despite being much higher than a grocery store costs, but that is made up for by a huge variety of choices. Parking, like explained earlier, is a little painful, giving that you’re only attending an NHL game and not a football match, but this is definitely survivable. Most other costs are also reasonably priced for such high standards.


As for tickets, a front-row seat usually costs $225, and most other lower level seats start at $80. If you’re not ready to get quite that upscale, upper level tickets can be found for costs anywhere from $30 to $60. Visit hurricanes.nhl.com to check out upcoming ‘Canes games and tickets for yourself.


 


Etc. & Bonus Points – 5 out of 5


The RBC Center blows away all competition in etcetera section, by far. It’s cleanliness and high quality is just something that can’t be described in a review, no matter how long we try. The parking lot, the bathrooms, the seats, the hallways, the restaurants…everything is the best quality possible (and this is for an 11-year old arena) and also kept up very well by the cleaning crew.


Seating is also a large plus for the Center. Despite their size and location, rafters, retired hanging jerseys, and the “jumbotron” do not obstruct any views from anywhere in the arena. Each section also offers different incentives for all types of hockey fans. Lower level seating is definitely more expensive, but adds to the atmosphere and also gives you a chance at picking up a prize, ranging from a “Bailey’s box of jewelry” to a “Stormy t-shirt”, and it also might give you a chance to enter in the classic “human hamster race” during the second intermission, which is just so funny you have to see it for yourself. For the more price-limited fans, there’s always the third level, which has benefits of its own, too.


 


Final Grade – 26 out of 35 possible


With every category added up, the RBC Center comes out with an impressive score of 26 out of 35 possible. While the neighborhood and parking aren’t great, Raleigh’s arena sets the NHL standard in nearly every quality level in the book. Hopefully, this review will prepare everyone from a first-time fan to the experience lunatic for their next visit. But, really, the RBC Center can’t be described in words. You just have to see it for yourself.




Mark Jones is currently Bleacher Report's featured columnist for the Carolina Hurricanes. In his 17 months so far with the site, he has written over 150 articles and received over 100,000 total reads.


Visit his profile to read more.










Friday, December 15th was an exciting day in the town of Glen Ellyn, Illinois. For Friday was the "Grande Opening" of one of the most craved Mexican restaurants: Chipotle. Not that there aren't plenty of restaurants already in Glen Ellyn, but Chipotle is just always so wonderful to have. It is fast, not too expensive, and frankly pretty nicely decorated on the interior. So when I saw the banner hanging down across the front of its new building, I knew that I needed to take it upon myself to hit up Chipotle on this opening day.

The experience was absolutely wonderful. For those of you unaware of Chipotle, it is a pretty simple Mexican restaurant. You go up to the counter, pick one of four dishes, and customize it to your liking. Each dish is similar in terms of the ingredients within it, but differ in their basic appearance (e.g. burrito and taco). The Chipotle staff makes your dish right in front of you and with quickness that makes it only a drive-thru short of being considered fast food. But then again, the term "fast food" can only be rightfully applied to Chipotle's speed: the food itself is a step above your "typical fast food place." This is no Taco Bell.

The food at Chipotle is typically delicious, and the Glen Ellyn location is not an exception: Same type of ordering scheme along with the same fresh ingredients. Not to mention the interior is pretty similar to most as well. The post-modern industrial look still applies, with stainless steel covering the interior, and steel beams every now and then. It is nice inside, and has no reason to make you think twice about eating inside.

For directions, take Roosevelt towards Chicago (east) and it will be on your right hand side before you get to Route 53. Can't miss it. Chipotle itself is part of a new strip mall that is currently under construction across from U.S. Bank. Because of the construction at this time, and Chipotle being the only place open in the development, it stands out pretty well.

If I were to make a conclusion it would be that if you're in the Glen Ellyn area and are craving some Mexican food, make sure to stop by Chipotle. It will fill your stomach and taste delicious. The prices aren't too much easier. A full meal with drink is only around $7 - Nothing to complain about, right? You'll be more than satisfied.



Amazon and publisher Macmillan finalized their agreement for higher-priced e-books over the weekend. The deal is expected to serve as a template for other publishers, and the new prices should take effect in March, when Apple's iPad goes on sale.



While Amazon said a week ago it would "ultimately" have to concede to Macmillan's demands for higher e-book prices, a formal settlement between the two companies came over the weekend, and Macmillan-published books went back on sale on Amazon.com. The Wall Street Journal noted that the agreement between the two parties will likely "set the stage" for changes in the e-book market in 2010, as Apple enters the fray with its new iPad.



"By agreeing to accept a new pricing model, Amazon has publicly acknowledged the sudden emergence of a rival that may not only threaten its highly popular Kindle franchise but also its total domination of e-books," the report said. It noted that new, higher prices, at least for Macmillan, would begin when the iPad goes on sale in March.



It is Apple's entrance into the e-book market, with its new iBooks application and accompanying iBookstore, that has caused a new rift between publishers and Amazon. Following Macmillan's lead, Hachette Book Group and HarperCollins have both announced their intent to ink new deals with more flexible price structuring with Amazon.



Based on their content deals with Apple, publishers will offer new hardcover bestsellers for between $12.99 and $14.99 on the iPad's iBookstore. Publishers want to offer books under the same pricing structure on Amazon's Kindle.



Last week, Hachette CEO David Young said the price increase is not a way for publishers to make more money on books. In fact, he said, they will make less on each e-book sale under the new model, but authors and agents will be able to make money on every digital sale. He and others in the publishing world believe the new prices will "protect the long term viability of the book marketplace."



While Amazon has dominated the e-book market since its e-ink Kindle reader debuted in 2007, Apple's entrance with its $499 iPad has forced the bookseller to renegotiate its content deals under pressure from publishers. With Hachette, Macmillan and HarperCollins, three of the five major publishers highlighted by Apple at its iPad unveiling have revealed their interest in higher e-book prices.



The moves confirm comments from Apple co-founder Steve Jobs, who said that publishers were upset with Amazon and could begin to pull their content from the bookseller. Declining to elaborate, he simply said that the Kindle and iPad would offer bestsellers at "the same" prices.



The Journal also noted that the only major publisher that has not struck a deal with Apple for iPad content is Random House. The company is said to be "studying the matter."





This review was originally published, by the same author, on www.stadiumjourney.com.


Welcome to the RBC Center, home of the Carolina Hurricanes, North Carolina State Wolfpack, and 18,680 other screaming fans. Located just around 10 minutes north of downtown Raleigh, North Carolina, the arena is well into its 11th season but just as strong as ever. It’s also been home to some incredible accomplishments over the years, including, most famously, the Hurricanes Stanley Cup title in June 2006.


Despite plenty of usage over the years, the RBC Center still looks and seems like one of the newest arenas in the NHL. It’s already housed hundreds of basketball and hockey games, concerts, rodeos, comedians, and even the NHL draft in the decade since its original opening in October 1999, but shows no signs of wear and tear so far.


As they say, “every seat in the arena is the best seat in the arena”, and that saying definitely holds true as soon as you enter the building. From the large glass windows lining much of the front, to the red-carpet second level, to the bathrooms that look more like they belong in a fancy New York City hotel, and even to the massive selection of concessions (ranging from Hardees to a built-in restaurant), the RBC Center is about as elegant of an arena that you can find for any sporting event, anywhere.


 


Welcome to Raleigh, North Carolina


Over the years, Raleigh, normally thought of as a fast growing city known for its three nearby universities, has also become perhaps the largest hockey fanbase anywhere in the southern United States. After the franchise announced its relocation from Hartford, Connecticut in 1996, Raleigh began to prepare to house their first professional sports team ever. After the RBC Center (originally named the ESA Arena) was finished in 1999 and the team stopped playing their games in nearby Greensboro, the city residents began warming up to hockey, and they’ve just gotten more and more dedicated with every passing season.


My visit involved quite interesting and unusual settings, as although Raleigh is not known for having cold winters, the night before the game had brought seven inches of snow, two more inches of ice sealing in the snow, and had completely “paralyzed the town”, as the visiting Hawks announcer quoted on the television broadcast.


Despite less than 7,000 fans showing up for the game, and nearly a third of them seemingly Blackhawks fans, the game was still a great contest. A Carolina 4-2 victory ended up sending 'Canes faithful into a frenzy and backing up traffic for the entire parking lot, but it was definitely an enjoyable game to attend, and it most certainly wouldn’t have been the same without the magic and glamour of the RBC Center.


 


Food & Beverage – 5 out of 5


The food and beverage offered at the RBC Center is among the highest quality anywhere. Not only do they have a very wide range of concessions, but they are also reasonably priced and easy to find on all levels of the arena.


The RBC Center’s general concession booths offer 19 different choices, ranging from “Sausage Stop” (sausage, naturally) to “Dippin’ Dots” (ice cream) to “Hardees” (general concessions) to “Sinfully Sinnamon” (desserts). These stands are available around the arena in the 100’s and 300’s sections, respectively. The RBC Center also has conveniently-placed non-brand style concessions stands, selling the expectable sodas, nachos, candies, soft pretzels, and other common sporting event foods. All of these snacks are available at good prices, although the beverages are slightly on the overpriced side at times.


Also scattered throughout the arena are various clubs and bars, ranging from “Pub 300” to “The Carvery” (yes, I know it sounds like a fancy neighborhood) to “The Locker Room”. On the second level (200’s), complete with dim lighting and a red carpet, there are also several built in restaurants to catch the action while or after dining. Visit rbccenter.com to find out more about how to book reservations and additional information about these restaurants.


 


Atmosphere – 4 out of 5


The RBC Center might have only been finished building 11 years ago, but it’s already piled up its fair share of history and earned the atmosphere you can only feel from a very dedicated fanbase. Below the hanging jerseys and championship banners hanging from the rafters, the RBC Center has been home to ACC Championships in basketball and Stanley Cup titles in hockey.


Although many of the retired jerseys and such were earned long before the turn of the century, this arena is not only fancy and historical but it also has the feel of a true hockey stadium. The chants along to the blaring air-horn of “Lets go ‘Canes!” seem to amp up the electricity several volts, and each goal sends every fan out of their seats as they high-five along to the blaring goal horn, known as one of the loudest and longest in the NHL.


 


Neighborhood – 1.5 out of 5


Although the RBC Center excels at almost every category possible in grading, the surrounding neighborhood is one of only a few sections that doesn’t receive high marks. Besides being right next to N.C. State football’s Carter Finley Stadium, the surrounding neighborhood mostly consists of that, a very large parking lot, and a forest. The closest buildings outside of the wooded lot are a hospital and several large office complexes, and it doesn’t get much better until about two or three miles away once you begin to enter the Crabtree commercial “basin”, known for its frequent flooding, which ruins the lower floor of the mall about every couple years.


There is one shopping center that includes a few fast food restaurants and one Southwestern restaurant at the corner of Edwards Mill and Duraleigh, just slightly north of the RBC Center exits. However, most fans decide to get what they want to eat inside the arena rather than hanging out at one of the few and scattered bars in the surrounding area.


Nearby Restaurants


Bella Monica


Offering quaint southern-style Italian cuisine, but known mostly as one of the best pizza places in town, Bella Monica is just a great nearby restaurant. Reasonable rates are also offered in their welcoming family environment. Bella Monica’s is located near the west entrance on Edwards Mill Rd. While perhaps not the most suiting to more hard-core hockey fans looking for a place to hang out with a drink or two after the game, Bella Monica is simply a must-visit.




Fans – 4.5 out of 5


Are there fans in the RBC Center? Not really. So should I have rated this section a 0? No, because the attendees aren’t fans; they’re lunatics.


Although sellouts are and have always been extremely rare, even in the 2009 playoffs, every single fan, young or old, in attendance is always completely devoted and involved in their Carolina Hurricanes. As you can see in the link about for the goal horn, a Carolina score sends the arena wild. So one stays sitting…it’s just the rule. North Carolina might be a southern state, but every fan knows what hockey’s all about, and they’re all completely dedicated to cheering on their team during the game at hand.


 


Access – 3 out of 5


The RBC Center focuses more on the game at hand and the fan’s comfort while cheering on their ‘Canes, but access is most certainly reasonable at all levels. Parking is on the expensive side (a 10-minute walk usually costs about $10, rates can be up to $15 to $20 closer in) and traffic can get quite clogged up after games, as there are only two two-lane exits, but the parking directors do a good job keeping cars moving heading into the lots and also keep parkers orderly and well organized. There are a few tricks that regulars know to get into the better sections, which is more or less choosing a lane to enter in, but mostly, parking is not a major issue.


Inside, bathrooms and staircases have very high levels of quality. Both are conveniently placed and plentiful, and are cleaned thoroughly. Restrooms also offer 10 sinks, and nearly 20 stalls & toilets. Both are very sanitary and much better than any spectator would expect at any sporting event.


 


Return on Investment – 3 out of 5


Both sides of this calculation are on the high side. While many expenses such as parking, food, and tickets are slightly (but not too much) over-average, there is a very high quality of…well, everything. Concession prices are fairly reasonable for sporting events despite being much higher than a grocery store costs, but that is made up for by a huge variety of choices. Parking, like explained earlier, is a little painful, giving that you’re only attending an NHL game and not a football match, but this is definitely survivable. Most other costs are also reasonably priced for such high standards.


As for tickets, a front-row seat usually costs $225, and most other lower level seats start at $80. If you’re not ready to get quite that upscale, upper level tickets can be found for costs anywhere from $30 to $60. Visit hurricanes.nhl.com to check out upcoming ‘Canes games and tickets for yourself.


 


Etc. & Bonus Points – 5 out of 5


The RBC Center blows away all competition in etcetera section, by far. It’s cleanliness and high quality is just something that can’t be described in a review, no matter how long we try. The parking lot, the bathrooms, the seats, the hallways, the restaurants…everything is the best quality possible (and this is for an 11-year old arena) and also kept up very well by the cleaning crew.


Seating is also a large plus for the Center. Despite their size and location, rafters, retired hanging jerseys, and the “jumbotron” do not obstruct any views from anywhere in the arena. Each section also offers different incentives for all types of hockey fans. Lower level seating is definitely more expensive, but adds to the atmosphere and also gives you a chance at picking up a prize, ranging from a “Bailey’s box of jewelry” to a “Stormy t-shirt”, and it also might give you a chance to enter in the classic “human hamster race” during the second intermission, which is just so funny you have to see it for yourself. For the more price-limited fans, there’s always the third level, which has benefits of its own, too.


 


Final Grade – 26 out of 35 possible


With every category added up, the RBC Center comes out with an impressive score of 26 out of 35 possible. While the neighborhood and parking aren’t great, Raleigh’s arena sets the NHL standard in nearly every quality level in the book. Hopefully, this review will prepare everyone from a first-time fan to the experience lunatic for their next visit. But, really, the RBC Center can’t be described in words. You just have to see it for yourself.




Mark Jones is currently Bleacher Report's featured columnist for the Carolina Hurricanes. In his 17 months so far with the site, he has written over 150 articles and received over 100,000 total reads.


Visit his profile to read more.










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Thursday, February 11, 2010

Best Investments Online






Yes, the "I" word, we've all heard about it as we pass by CNBC to watch the latest episode of "Deal or No Deal", but most of us just don't take the time to worry about it. We know we aren't saving enough money for retirement for our kid's college, but that's a long time off so we don't worry about it. Some of us say that we just cannot afford to make investments right now because the money is not there. However, the truth is that you cannot afford to not make investments for the future. Retirement will come, the kids will go to college, and these things cost money! If you decide to turn things around and begin investing, here's how you can evaluate investments and make sure what you're buying into is something worth having.

If you're a new investor, chances are you going to visit a broker because you some understanding in the types of investments and the types of tax deferred accounts that you can get. It's okay to do this, but listen with a filter. Ask your self why is this person trying to get me to invest in this certain company, mutual fund or annuity. Is the person going to make a higher commission because you buy into that product as opposed to another one? Does this person own any shares in that investment?

In order to not get had, you have to have a basic understanding of different types of investments are out there, about how well they compare to other investments, and what type of tax deferred accounts are available. Unfortunately, this is going to take some work. It's a lot easier just to put your trust in someone else, but this is the best way to lose all of your money and fast. Only invest in something when you understand it and believe it will make money.

Perhaps the single best way to measure how well an investment will do is to look at how well it has done in the past. If a mutual fund which is managed by a team of managers makes 15% a year for the last fifty years, chances are they're going to continue to do that for a long period of time. Don't invest in something merely because it has the potential to make money yet has not shown the ability to yet. There are a lot of investment scams and schemes which sound really nice but fail to pan out when reality sets in.

Do a lot of reading, listen with a filter, and figure out the track record before making any sort of investment.









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