Your Questions About Money Making Stocks For 2011

Maria asks…

Where do I stand in this class action lawsuit against a company I’ve invested in?

I bought shares of Swisher Hygiene Inc., ticker SWSH, towards the end of February of this year. It was fine, but recently it’s been tanking. I looked up news for it, and it turns out that they may have lied about their quarterly earnings in 2011, and that’s why the stock has dropped so much.

As the news I read requested, a law firm wanted investors to contact them. I wrote them simply saying I own stock in SWSH but that I don’t have any helpful information for the suit. They responded telling me that they may want me to be part of their class action lawsuit, that they were going to send me a packet with a draft complaint, agreement of representation, and what I need to do to be involved in the lawsuit, and that joining them would be of no cost to me.

Is there any negative side of joining this class action lawsuit? And do I stand to make the money I lost back? More greedily, do I stand to make more than just what I lost back? Any information would be great since I know nothing about this.

Thanks.

John answers:

You won’t make much… The ones that “bank” are the lawyers that bring suit.

Basically a class action suit works like this: A law firm finds as many “class members” as possible that may have been wrongfully treated by a company and then threatens to sue that company for a formidable sum or a somewhat lesser sum if they agree to settle out of court. Seldom does it go to court because it is simply cheaper to settle out of court.

The law firm that started this will receive full compensation for all their “work” (and that bill is usually in the millions) and the rest is distributed between the members of the class action suit. You may end up with a measly couple of hundred dollars (or even just a couple of dollars) and “they” get to take home a pretty big pay check. By the time they are getting close to settle you and your class members will be in the hundreds and each of you get very little compensation.

The whole process usually takes years to complete… The longer it takes the more hours the lawyers get to bill…. So they are in no hurry to settle this up soon.

Class Action Law Suits is a huge “business”…. Prey that you never become the target of one.

George asks…

Here’s my resume, tell me what’s wrong with it and try to help me please!!! 10 POINTS!!!?

Please help me fix my resume, tell me what I can ad and take out! how can I fix it to make it look good??

OBJECTIVE
A PART-TIME RETAIL CUSTOMER SERVICE POSITION UTILIZING STRONG ORGANIZATIONAL, INTERPERSONAL AND COMMUNICATION SKILLS.

QUALIFICATION HIGHLIGHTS
•DEEP ABILITY TO COMMUNICATE EFFECTIVELY, BOTH ORALLY AND IN WRITING
•WELL DEVELOPED SKILLS IN PRIORITIZING, ORGANIZATION, DECISION MAKING, TIME MANAGEMENT, AND CUSTOMER SERVICE SKILLS
•STRONG INTERPERSONAL SKILLS RESULTING IN EXCEPTIONAL RAPPORT WITH PEOPLE
•EXPERIENCE OF WORKING OUTDOORS IN EVERY NATURAL ADVERSE SITUATION OVER LONGER PERIOD OF TIME
•POSSESS KNOWLEDGE ABOUT TRANSFERRING HEAVY GOODS AND SAFE HANDLING OF PRODUCTS
•HAVE AN EXPERIENCE ON MAINTAINING AN ONGOING EXPENSES AND THE ACTIVITY OF LOGS
•DEMONSTRATED ABILITY TO MEET THE NEEDS OF PATRONS, DEPENDABLE, HARD WORKING, RELIABLE, AND PUNCTUAL.
•RECOGNIZED FOR LONG HOURS, COMMITMENT TO CUSTOMERS, AND ATTENTION TO DETAIL, PROFESSIONALISM, AND FOLLOW-UP.
•WORK WELL AS A TEAM MEMBER OR INDEPENDENTLY.
•MET OR EXCEEDED ALL PERFORMANCE GOALS TO DATE.
•RESOURCEFUL, ENERGETIC, COMPETENT, MULTI-TASK AND RESULTS-ORIENTED.

EXPERIENCE
. V.M.T CONSTRUCTION, LABOR WORKER, TORONTO, ON, 2008 TO 2011

•RESPONSIBLE FOR REMOVING OLD DAMAGED DRY WALL AND REPLACING IT WITH NEW DRYWALL
•LOADED AND UNLOADED TRUCKS AND HAULED AND HOISTS MATERIALS
•MIXED INGREDIENTS TO CREATE COMPOUNDS, USED TO COVER AND CLEAN SURFACES
•MEASURED, MARKED, AND RECORDED OPENINGS AND DISTANCES TO LAY OUT AREA TO BE GRADED AND TO ERECT BUILDING STRUCTURES
•APPLIED CAULKING COMPOUNDS BY HAND AND WITH CAULKING GUN TO SEAL CREVICES
•POSITIONED, JOINED, ALIGNED, AND SEALED STRUCTURAL COMPONENTS, SUCH AS CONCRETE WALL SECTIONS AND PIPES
•CLEANED CONSTRUCTION SITE TO ELIMINATE POSSIBLE HAZARDS

NO FRILLS, Dairy department Toronto, On, Sep, 2011 to Dec, 2011

• Made sure milk, eggs, yogurt, cheese, juice and butter were filled and never empty. • Made sure to answer every possible question a customer had, and showed the customers where • • an item was if they couldn’t find it. • I always rotated the stock so that newer dates would be in the back of the shelves and condensed • mike and eggs whenever new stock came in.

MARK’S Demolition Service, Toronto, On, Jan 2012 to July 2012
•Load and unload trucks and hauls and hoists materials.
•Build and position forms for pouring concrete and dismantles forms after use, using saws, hammers, nails, or bolts.
•Measure, mark, and record openings and distances to lay out area to be graded or to erect building structures.
•Smooth and finish freshly poured cement or concrete, using float, trowel, screed, or powered cement finishing tool.
•Apply caulking compounds by hand or with caulking gun to seal crevices.

VOLUNTEER WORK
• ORGANIZED AND RAN A TERRY FOX RUN
• ORGANIZED AND RAN FALL FAIR FOR GRADE 8’S
• ORGANIZED AND RAN GIRLS VOLLEY BALL TOURNAMENT
• ORGANIZED AND RAN A MONEY MATTER GAME FOR YOUNGER KIDS ON DAY OF RESPECT
• ORGANIZED AND RAN BOYS BASKET BALL TOURNAMENT FOR GRADE 7’S AND 8’S

There’s more like my name and address and stuff like that but I’m not putting it up here so everyone can see my personal info.

John answers:

Almost everything. Cut it by 2/3. Get rid of the caps in the detail. Omit Qualification highlights” and put actual skills were you learned and used them. Use a better word then “RAN” in volunteer work {I am leaving it in b/c it does demonstrate your organizational skills.}

Do not mix present and past tense. Fix typos and punctuation, omit “Cement or” – b/c you do not fish cement, spell out Ontario

>> sounds like you are good in construction!

Robert asks…

Please would you able to check my cv and give me tips on how to improve it?

LESLEY HARRIS
Personal details go here
About Me
I am a hard working individual with the passion and motivation to succeed at any given task. I am always punctual and can complete tasks in the allotted time. I thrive upon working as a team as well as my own initiative. I love to work in busy environments and believe that excellent customer service is imperative for a business to grow and prosper. I am looking for a position that will develop my skills further or even gain new ones
Key Skills
•Computer literate in Ms office
•Excellent time management and time keeping skills
•Good communicator
Employment History
Company – 2011-present day
Counter Assistant
My job role within this company is to offer great quality of products to all of our customers and displayed to a high standard. I have spent time making pizzas to an excellent standard. I have also worked on the hot food counter and dealt with raw meat as well as serving cheese and a selection of meats on the delicatessen counter. I also adhere to all health and safety policies at all times and know the importance of this. This role developed my skills as an excellent communicator among colleagues and customers alike as well as adapting a can do attitude has made me a very – Company 2006-Present day
My job role within this company is to ensure that all stock is merchandised to an excellent standard, to replenish stock when necessary and to ensure that there is great availability available to customers. Furthermore I deal with cash handling and answer any enquires that customers may have as I have developed excellent product knowledge from the 6 years spent here. My customer service skills have really grown from spent within this company and look forward to adapting them elsewhere. I have developed timekeeping and time management skills whilst working for these companies.
Education history
Name of School 2007-2009
A-Levels
-Business Studies: B
-Philosophy and Ethics: B
-ICT:C
AS Level
Media Studies: B
Name of school2002-2007
8 GCSE passes including Grade B in Mathematics and English as well as an A in ICT and history.
Achievements
-Nominated for colleague of the year
-Achieved JRQ level 2 in retail skills and customers service
-Raised money for charity by taking part in a fashion show
Hobbies
I love traveling when the opportunity arises. I love to read books of all genres. I also spend time socialising with friends and family in various activities.

References available upon request

John answers:

Its good, but I wouldn’t put ‘ or even to gain new ones’ in the skills bit. I would write something like ‘ and gain new ones’. Also, I would bullet point your employment history, because I think its too long. Only bullet point the most important things though. And you don’t have to write your grades anymore. Just write how many gcse’s, etc you’ve taken including maths and english. As long as you’ve got certificates from exams, you’ll be fine when going to a job interview. But other than that I rate it 7/10. Good Luck 🙂

William asks…

MUTUAL FUND SALE QUESTION – Please read details below. Thanks.?

My son, I’ll call him “Adam,” just turned 16 a couple months ago. I’m 50 and doubt I will live until he is 21 for reasons that aren’t relevant to this issue. My parents invested $1000.00 into a Putnam Multi-Cap Growth A fund just after he was born in 1996. I believe my father intended to add $ to the fund each year (he was a stock broker). However, he passed away rather suddenly before my son’s second b-day. Now I am custodian/trustee of the fund until he is 21.
Quite a bit of money was lost during the stock market messes since. As of now, “Adam” has 32.97 shares (round off to 33). Here’s a link to the Fund: http://investing.money.msn.com/investments/mutual-fund-rates/?symbol=PNOPX
Adam’s mother and I split up and have been divorced for about 10 years. She has primary custody and, imo, has been poisoning his head with what a bad person I am. Adam, who is a fairly mature 16, hates me (at least I feel that way in my heart and that’s ripping me apart). But again, I digress.
I’m asking for someone who is OBJECTIVE and knows what they’re talking about, to share their advice w/me.
My employer went out of business in January & I’m collecting U/C while looking for a job. My son e-mailed me and TOLD me he wants HIS money out of the fund NOW and will take the cash to, as he put it, ‘invest as he sees fit.’ His mom has been silent but told me before to allow him to get the money if he wants. (No rational help there!) If you look at the info from the link I included, it appears the fund is doing better. 2008 and 2011 killed it. The $1000.00+ investment is now worth $1815.

**IF** I sell, how will this affect ME, especially collecting U/C and possibly trying to get medical coverage from public assistance? Can I make his mother the custodian instead of me? (I don’t have a financial adviser (long story) which is one reason I’m on Yahoo!! If he gets the money,WHO pays taxes??
I know there’s a lot here and I apologize.
I’m wide open to anyone’s input, feedback/opinions. This is sentimental to me for obvious reasons–he’s my son and I don’t have any other family aside from my younger son – “Adam’s” brother and my mom who is 74.

Thank you for your time. (If you have any questions, you may contact me via e-mail as well by clicking on my name and selecting that option).
This is VERY important to me. Again, THANK YOU.

John answers:

You haven’t really provided the details about the situation. Much more important than your mothers age for instance are things like “is there a trust”, “do you live in a UTMA state or a UGMA state?” and some other questions. However as the amount of money is small some of this is not a concern.

A couple of issues:
a) Unless you live in some state that has wacky laws you should not be affected by withdrawing this money. You are the custodian or trustee (those are different btw) not the owner and both UGMAand UTMA allows taxation at the child’s rate until earninsg are significantly above $850 (and that’s not the taxable amount anyway as mutual funds distribute capital gains every year)

b) Your son’s letter is of no legal importance. A 16 year old demanding his money doesn’t mean you have to give it to him. If it’s a trust, you may be legally obligated not to give it to him unless you can geta judge to agree to dissolve the trust. There is no way I would do that for $1800.

C) The other poster telling you about how fishy this is is just an idiot kid. Putnam is a highly esteemed mutual fund company that offere fine mutual funds sold through financial advisors (which is why they have fee that are high). The reason the gains don’t look appropriate to him is that mutual funds distribute capital gains (and dividends) yearly. Why people answer questions on YA about mutual funds when they don’t know how a mutual fund works is unknown to me.

Ken asks…

Enlighten me Libs and tell me how tax hikes raise revenues since people will be punished for working harder?

Better yet, how does the minimum wage, workers compensation, and the ObamaCare law not punish employers every time they hire someone? Those regulations are taxes, in effect. When central banks intentionally raise interest rates to elevate the cost of loans, aren’t they raising taxes IN EFFECT? Here we have an example of government institutions(central banks) which know how higher business costs affect an economy and routinely practice this knowledge. Other examples with government are short term and long term capital gains taxes. ST capital gains taxes punish traders for buying and selling stock within a year. Inversely, governments also believe tax breaks for certain industries like the wind power will stimulate those industries. Hence, it’s self evident tax hikes increase costs and stimulate less ECONOMIC ACTIVITY = LESS TAX REVENUE. If libs would stop being so tax GREEDY, the government would collect more tax revenue.

BTW libs, don’t look at it technocraticaly like you usually do. It’s not a math issue as much it is an INCENTIVES issue. The limiting(depressing) aspects of your phony zero sum game premise don’t work. The private sector isn’t a river where you can divert 50% of the water away so there’s 50% of the river water left over. There isn’t a fixed/static level of tax revenue, but a dynamic amount of tax revenue in existence which depends on production and not demand incentives. Demand comes from more productivity, which makes products more affordable through greater supply. The more you tax the economy, the more you leach away its life blood produce more supply of goods. How does taking more money out of the economy grow the economy? The economy grows when it keeps more money and the bigger it grows the bigger the tax revenue grows.

And no, people don’t work harder to compensate for higher taxes. Saying so just makes you prove that bloated government is tyrannical and enslaves people. If anything, people just resort to more incriminating activities so they can make a living. The private sector isn’t always going to be there for the looting! Look up the Boiling Frog analogy and stop rationalizing creeping incremental tax hikes.

And don’t say we have to pay higher taxes to fund roads, public schools, pensions, etc. because “they didn’t build that on their own” Obama claptrap. Don’t say “We’re only proposing that rates go up 10% on people who pay less taxes than their secretaries.” B.S. Buffet’s secretary pays more because Buffet doesn’t VOLUNTARILY offer her stock options! If you raise taxes the top 1-5%, who pay over half the nations taxes and are around half of consumer spending, they will move out of the country taking the tax revenue and consumer spending with them. Yes, the rich were taxed at 90% in the post WWII era but there were loopholes built in so they wouldn’t leave the country. We didn’t pay our WWII debt off at all with higher taxes. Our economy grew past our debt because we were the safe haven for investment while the rest of the world was in shambles and we SLASHED GOVERNMENT SPENDING.

Finally, businesses aren’t concerned about the government shutting down as much as they’re concerned about additional regulations and confiscatory taxes. Incentivizing production is how the private sector subsidizes public sector so it can drink the water instead of carrying the water. Conservatives are winning elections because voters are fed up with government harassment and not seeing an economic RETURN on their tax dollar. It ain’t rocket science and its not hard to figure out, but Libs will contort themselves into pretzels to make it hard.

http://www.forbes.com/sites/peterferrara/2011/05/05/reaganomics-vs-obamanomics-facts-and-figures/
Clinton inherited an economy which was jump started by the Reagan tax cuts and was forced to balance the budget when Republicans won congress.
People left blue states for red states. Nobody left the US to go to higher taxed countries during that time because there wan’t a better alternative even thou the US had become a less desirable country to live.
Oil Taters, YES. He didn’t become rich by spending money like a drunken sailor. He became rich by counting his pennies and understanding the more money he has the more money he can make. The less money he has due to confiscatory taxes then less opportunity AND motivation he has. BTW, the more you raise costs on the rich the more they will pass those costs on to the poor.
Hey CJ, why don’t you read the whole paragraph instead of sleezly paraphrasing all the content. Yes we had a depression before WWII but recovered after the war when private foreign investment poured in.
Chem, i covered this. If you give hand outs(other people’s labor) to the poor, you create a conflict or interest. The poor aren’t going to appreciate that money and just take it for granted by spending if frivolously instead of productively. On top of that, they are not as motivated to work for themselves and produce. What do welfare programs have to show for Indian reservations and urban projects? Same think with tax deductions you mention. Yes it’s better for the business to spend on more capital rather than paying it to the government but they are forced to artificially spend money instead of saving and waiting for a more productive opportunity to invest in.
Chem, you didn’t answer my question about the end results of the welfare state. What do people on welfare have to show for themselves? They are being boxed in by the unproductive welfare incentives.
I meant Huh, Reagan DID cut taxes to a net affect. He raised taxes but incrementally and to a small magnitude. Lowered taxes on the rich who were the job creators and created 35 million jobs by the time he left office. Stop having such as grudge and grow up.
Home Schooled, i don’t understand how the economy boomed because the citizens cashed in their war bonds. Where did the government get the money to pay off the bonds? It had to of come from somewhere in the pockets of the bond holders themselves if i’m following your logic correctly. I agree that savings contributes to a growing economy.

John answers:

Tax hikes aren’t severe enough to actually discourage people from improving their personal incomes.

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