Your Questions About Successful Trading Companies

Laura asks…

What would be the best defense for Americas` trade deficit ?

Would it work to start getting more manufacturing jobs back in America to get the trade imbalance corrected ?

John answers:

America’s solution in the past has been to force successful Asian companies to move their factories to America.

To move a factory that has higher efficiency, better quality and better human resource management to a country with low efficiency, low quality and lots of human resource problems have never been done in history before. The rules have always been dictated by economy not politics in the past. Its just very unnatural what America is doing right now.

And Europe is much much more resistant to the idea of moving their factories to America just to meet a deficit. They’ll only do it if its more profitable.

As a business men I would hate to set up shop in the states. Why? The labor is just a huge headache. Its not about the money (because Japanese employees get much more then American if you include the yearly bonuses they get). The problem is all the unreasonable complaints, low quality and the UNION. The Union has its place in most American manufacturing due to its horrible and selfish management. Often employees don’t get their fair share, they suffer from RACISM and SEXISM.

But even if I wanted to set up one of the few American plants where things are fair and well rewarded, the Union would manage to destroy the business. I just dont want the headaches of dealing with American business men. They literally want everything and do nothing to deserve it.

Ruth asks…

What were the original settlements to the 13 colonies?

For example: Jamestown was the first successful settlement to Virginia.

John answers:

“Virginia Colony” was land operated by the Virginia Company and originally meant everything from what is now roughly the NC/SC border to approx the NY/Conn border. “Roanoke”, in today’s North Carolina, was the 1st settlement of the Virginia Colony. Jamestown was the 1st permanent colony and was located in today’s Virginia.

To answer your question….

MASSACHUSETTS—“Plymouth”, 1620; CONNECTICUT–“Dorchester” when Conn was called “River Colony”, 1636, now called Windsor Conn.; RHODE ISLAND—“Providence Plantation”, 1623; NEW YORK—“Fort Nassau”, 1614, near today’s Albany; NEW HAMPSHIRE—“Pannaway” when NH was called “Upper Plantation of NH”, 1623, now called Rye NH.

NEW JERSEY—“Bergen, New Netherlands”, 1658, in today’s Hudson and Bergen Counties NJ; DELAWARE—“Zwaanendael”, 1631, a trading post wiped out by Indians in 1632 near today’s Lewes Delaware. The 1st permanent settlement was “Fort Christina, New Sweden”, 1638, now called Wilmington Delaware

MARYLAND—“St Mary’s City”, founded in 1649. It still exists. It is the 4th oldest permanent settlement in North America. PENNSYLVANIA– Philadelphia in 1681.

VIRGINIA–Jamestown. North and South Carolina used to be one single colony called CAROLINA. So you can count Roanoke for both. If not, then the 1st settlement in the land that is now SOUTH CAROLINA, est. 1719, was “Charles Town”, now called Charleston, founded in 1670.

GEORGIA—“Yamacraw Bluff”, now called Savannah, 1733.

Chris asks…

How should I research a stock option?

Options are more affordable for me. Is it the same as researching a stock for a company by looking what the company sells, market cap, institutional owners, and stock price history? Should I stick with IPO’s or brand companys?

John answers:

The first answer had a lot of good information in it, particularly if you are limiting your strategy to buying intermediate to longer-term call options. The problem with limiting yourself to that strategy is one prolonged market correction can wipe out a substantial portion of your portfolio.

Your list, “what the company sells, market cap, institutional owners, and stock price history,” is critical if you are buying LEAPS calls as a surrogate for owning the stock. It is essentially meaningless if you are daytrading trying to benefit from short-term trends in the stock price.

You can forget about options on IPOs. Options will not be listed on a stock until it has traded long enough to determine how voliatile the stock price is and that the trading volume meets options exchange standards for listed options.

One thing essentially all successful options traders look at is volatility. They usually compare the implied volatility of the option with the volatilty they expect in the price of the underlying. Doing this frequently includes looking at the historical volatility of the underlying and looking at scheduled corporate events that will occur prior to expiration. They also look for skews in implied volatility between different options for the same, or sometimes similar, underlying issues.

Finally, I suggest you consider your alternatives for dealing with different unexpected changes in the underlying before you open an options position. Everyone is fooled sometimes, so plan on how to deal with bad news before it arrives.

Paul asks…

How to obtain painting lisence in British columbia canada?

I am young male 17 years of age ive been working in construction, Ive been thinking i should get my painting lisence and start my own company why not? HOW CAN I OBTAIN ONE? ANYONE KNOW THANKS!!

John answers:

The Painters and Allied Trades District Council 38 operates a training school at 12277 Industrial Rd. In Surrey, B.C.

Apprenticeship—3 years of on-the-job training with 3 periods of in-school technical training at the training centre in Surrey. Industrial painters can take an additional in-school training session in their fourth year. Upon successful completion, Painter/Decorators receive a provincial Certificate of Apprenticeship, a provincial Certificate of Qualification and the inter-provincial Standard Examination (Red Seal) endorsement.
Link – http://www.bcciti.org/trades2.asp?id=11

Also:

“To operate a business in BC you are required to obtain a business licence in the municipality you are working in… That is unless you own and operate your business in the one of the six regions in British Columbia which have a Mobile Business Licence. The Mobile Business Licence allows businesses such as builders, decorators, caterers and those with mobile businesses to run their business across multiple municipalities and regional districts. Also known as an Inter-Community Business Licence or Inter-Municipal Business Licence, it’s intention is to help streamline and simplify the licensing process, reducing the cost for business owners and making it easier to do business in BC.”
Link – http://www.smallbusinessbc.ca/starting-a-business/understanding-mobile-business-licences

Hope that helps, and best wishes for your future success!

Michael asks…

what happens when a stock moves from the pink sheets to the nasdaq?

I own a stock that is a pink sheet… it has applied to be traded on the nasdaq… will my stock become worthless if this happens, or will it benefit the stock price.

John answers:

It will significantly benefit you. Stocks trading on the pinks have almost no legal obligations regarding disclosures. There is material fraud in the pinks as a consequence people avoid them and so they are often mispriced. If they are successful in their application, the price should eventually increase from greater market size and you will know more about the company.

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