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Cashflow mayhem
MYOB sucks! Alternatively, my MYOB skills are severely challenged ;). The company is coming out of its traditional New Year’s cashflow crunch. Our sales in January and February normally represent about 6% of annual sales. As a result I’ve been monitoring our cashflow more closely than normal. Making payroll and paying suppliers is a good…
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Communication Technique
One of my distributors got angry at me today. Actually, my phone manner pissed her off. Specifically, she said the way I “hmmm’d” while she spoke sounded like I was eating an apple and reading a magazine. At the time I was trying to make her feel heard (!). In a dispute use the communication…
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Incomplete BHP trades
I haven’t noted a few trading attempts that didn’t come off recently. Mainly because I was too busy to write something that didn’t happen. With hindsight I think that was slack — trades that don’t come off are still an attempt to trade. As BHP fell to $9.07 (1 April) I put a buy order…
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New Wealth Esteem Category
I’ve decided to create the new category where I’ll blog about the stuff that fills, wastes and fulfills my workday. Stay tuned for: Succession Wars; Distributor disputes; Cashflow mayhem; Empowering staff to build a great company. There is also: Tantrums and hissy-fits; My failed clean-desk policy. And that was just today!
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General Update
It turns out some of my friends check this blog to see if I’m still ok. Taking over the company and turning it around has consumed most of my waking hours. However I will probably go to the Somersoft forum lunch at Phillips Foote in the Rocks this Sunday. So I’m thinking of documenting my…
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Use all your resources
I just realised I had a copy of Options as a Strategic Investment (2nd Edition) on my bookshelf. Doh! I first read it years ago when Australian options markets were not as liquid for small investors. I have some light bedtime reading coming up. That link is for a Google search in case you’ve never…
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Dangerous forecasts
I caught myself making a dangerous forecast this morning. CNBC’s anchors were speculating on the length of the war in Iraq. I expect a short war and my attitude was reflecting it. “No way this thing will drag on for months”, thought I. How many times do I remind myself to deal what what is…
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Sell 5 BHP Apr 9.73 Calls @ 0.20
I can’t add! In the last article on option trading, I said my net premiums on BHP were $0.495. The numbers given add up to $0.595! Actually now that I’ve checked my trading statements the after commission premiums are $0.4593. I pulled out my written trading strategy ;). It told me to write 5 BHP…
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Applying for a loan
Last week I was talking to an couple with a nice portfolio of investment properties and direct shares. They had just financed their latest acquisition after a mountain of hassles. For smart people they were stuck in an eighties view of finance. They called their bank and got rejected. They then called a friend’s finance…