Well that was a fun dash in ipredict, but now the honeymoon is over

Recently the iPredict admin put this on their blog (https://www.ipredict.co.nz/app.php?do=blog)

• $2.50 account set up fee
• $2.50/month account fee
• 0.35% trading fee (35 cents per $100 traded); 0% trading fee on Active Orders and bundle purchases.
• No withdrawal fee.

We will be introducing a close account function with this change.

So alas, this has cut the bottom right out of the market, for small traders like me with sub-$100 amounts invested in different stocks.

I have big issues with this.....
- Most stocks take more than a month to mature
- If you gains are consistantly 30% (@$100 invested) you will end up with negative returns
- With no-one taking the "cheap risks" the only players left will be the sharks, completely red water market but with no prey.
- ipredict was a tool to define what the people think, now it is what the elitist think.

I believe you will find this is the beginning of the end of ipredict. No doubt there will be somebody out there that is thinking - "Hey now is the perfect time to create a competitor". If so you are correct, not only are you correct - but I have $1000 to invest in your company and become a shareholder. I will even help you get it off the ground. Drop me an email farrst@gmail.com if you wish to start this venture.


www.farrst.blogspot.com

Its bad when you start the day with - "Well I can't be fucked, I busy enough already"

Sorry guys, I don't usually do this.......but I am tired. I am cranky......I NEED TO VENT!!!!

Its bad when you start the day with - "Well I can't be fucked, I busy enough already"
But this is the cold, hard truth that I am facing.
Its 10:30pm, I have a list of things to do before tomorrow.......but I can't be fucked.

I worked dumb hours last week. Because I have to do a big project.......and to get to site is 4 hours drive. So that basically means that I am driving 1 day of the week. Working another 5. My weekends are chewed up with either Uni tests or looking at houses/cars for wife......or if I am lucky cleaning. Then preparing for the next day of craziness......

This just goes round and round. I don't get stuff all time to spend with my future son or my wife for the matter. Whom needs all the help she can get at this point. The dumb hours I am working are just going to get worse this week as not only do I have to do all the dumb stuff I did last week......but I also I need to chew up what is left of my weekend by also setting up for a training course next week. Why the weekend.......BECAUSE I AM TOO BUSY THIS WEEK AND NEXT WEEK TO DO IT!!!!

This only gets worse when I look at how I am appreciated. Yep I worked it out. After tax, my last bonus and pay rise worked out to a 0.6% per annum increase over what was getting paid from day one........18 months ago. To make matters worse, this is still 20% lower than what I was being paid 2 years ago.

This image pretty much summed up how I felt like while I am tapping away at the keyboard right now.

Nuff said really.
MBA done in June
Baby boy due June
Big project finished in June

June sounds like an interesting month, need to line a few things up I think......and have a break for once.

Right that felt better. See I needed to vent. Now back to the things I was suppose to do tonight.......fuck it, I'm off to bed.



www.farrst.blogspot.com

Atlast Shrugged part 1......IN MOVIE FORM

This has to be one of my all time favorite books. EVERY HARD WORKER SHOULD READ IT.

Before all of you ask me, "Who is John Galt?" - he is the creator of the engine.

 
Engine of what you ask? Now that would be telling.......
http://www.atlasshruggedpart1.com
www.farrst.blogspot.com

The worker

Everyday a small ant arrives at work very early and starts work immediately.
She produces a lot and was very happy.
The chief, a lion, was surprised to see that the ant was working without supervision.
He thought that if the ant can produce so much without supervision, wouldn’t she produce even more if she had a supervisor!
So he recruited a cockroach who had extensive experience as a supervisor and who was famous for writing excellent reports.
The cockroach’s first decision was to set up a clocking in attendance system.
He also needed a secretary to help him write and type his reports and…
He recruited a spider who managed the archives and monitored all phone calls.
The lion was delighted with the cockroach’s reports and asked him to produce graphs to describe production rates and to analyse trends, so that he could use them for presentations at board meetings.
So the cockroach had to buy a new computer and a laser printer and …
Recruited a fly to manage the IT department.
The ant who had once been so productive and relaxed, hated this new plethora of paperwork and meetings which used up most of her time.
The lion came to the conclusion that it was high time to nominate a person in charge of the department where the ant worked.
The position was given to the cicada, whose first decision was to buy a carpet and an ergonomic chair for his office.
The new person in charge, the cicada, also needed a computer and a personal assistant, ho he brought form his previous department, to help him prepare a Work and Budget Control Strategic Optimisation Plan…
The department where the ant works is now a sad place, where nobody laughs anymore and everybody has become upset.
It was at that time the cicada convinced the lion, of the absolute necessity to start a climatic study of the environment.
Having reviewed the charges for running the ants department, the lion found that there was much less production than before.
So he recruited the owl, a prestigious and renowned consultant to carry out an audit and suggest solutions.
The owl spent three months in the department and came up with an enormous report, in several volumes, that concluded: ‘The department is overstaffed’.
Guess who the lion fires first?
The ant of course, because she showed lack of motivation and had a negative attitude.

www.farrst.blogspot.com