The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad and Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA), signed a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in the United States and in the United Kingdom.

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The U.S. Commodity Futures Trading Commission (CFTC) today approved proposed guidance relating to the appropriate treatment of certain electric power and natural gas contracts.

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U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad announced today that Dan Rutherford has joined the agency as its first Director of the Office of Customer Education and Outreach.

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Making money is an old art. Even before money was created back the 1500's whenever banking was created, folks traded in price. So money basically is a numerical representation of price. Before banking was created, money was possessed and controlled by the monarch. The royal mint produced coin-made of gold that has been considered and equal in price to your gold it was made of. However, over hundreds of years, the folks understood that this gold could be filed and shaved down. Shaving somewhat from each gold money before deploying it in a transaction allowed them to melt down the shavings and employ it illegally. The monarchies of all of the countries failed to get a hold of an answer to this issue and also this went on for years and years.
Gold was 1st platinum assigned by authority to portray price and it's also this term VALUE i really want you to help keep your attention on. As today, we can't consume a dollar costs or sleep under it to give us shelter, the royal gold money cannot be employed to be consumed. So that the gold money and after this's buck costs do not have an intrinsic price independently. You can not ride it, sleep in it, consume it, and/or take it with you. All money does is count price in a decimal numerical nature. Therefore, allows dwell about this small revelation.
Suppose you desire a million bucks. You desire a million bucks to get an excellent residence, get a cool car and continue holiday. You can do those things with a million in cold hard cash. But wait a minutewhere does the worth reside? If money, as we have only established may be the numerical representation of price, in which may be the price? This is perplexing. The money, the million bucks sitting here on your kitchen table, in hundred-dollar expenses, presents those things that YOU price! You can test that money and it will not be placed into equipment and get driven. It will not have a door in order to enter it and sleep in it.
Really the only reason that money has actually price is really because you will find billions of other individuals that accept your perception that this million bucks has actually price. When they don't concur, you can not spend it for real price. This is getting interesting. Because that which we have actually established is price is elsewhere and also the only reason money has actually representational price is really because everyone will follow you. Men and women all over the world toil each day getting some cash. It works in time jobs and take dangers of all of the types getting some representational money of price to allow them to get meals, shelter along with other things.
Wealthy folks know this. Whilst vast majority toil for representation of price, affluent folks look for real price. They have it for next to nothing and offer it well piece by piece to people with representational price (report money) the same as report money, which is representational price, real price also is dependent upon the wholesale agreement on price. Value resides in real human need. Emotion and reasonable summary is when the particular price resides. Yours estimation of understanding valuable and therefore of everyone else is really what comprises intrinsic price, price that you would spend money getting. So real price that money presents resides with all the person. If there is enough individuals that also agree with the estimation they gather in number to form market.
Require arises from the real human five senses. Visual admiration of price, Auditory admiration of price, Kinetic (touch) admiration of price, olfactory (scent) admiration of price and flavor. But there is a sixth, engagement. The 6th (engagement) could be a mix or simply just the five senses. Its this part of engagement which forms a conclusion of price therefore has actually monetary worth. Engagement is when your brain perceives the intrinsic price become worth over the representational price you've got in your pocket therefore you'll be happy to spend it in return for the true price.
So what does all this mean for you and how does it help you make wealth. That needs to be obvious. Wealth is established by securing real price and offering it well to other individuals in return for the storage vehicle of representational price or money. Once you shop your wealth it grows through interest and money admiration.
The overriding point is this, intrinsic price is dependant on the real human perception of other individuals. This becoming the outcome you can easily develop price from thin air making it worth money.

Supply by Martin Thomas

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5 tricks to make it big with real estate investing
Real estate investing is one of the most attractive ways of making good money (that is if you do it correct). Moreover, real estate investing is also a lot of fun. A lot of people practice real estate investing as their core profession and, in fact, make a lot of money that way.
Real estate investing is really an art and, like any art, it takes time to master the art of real estate investing. The key, of course, is to buy at a lower price and sell at higher price and make a profit even after paying all the costs involved in the two (buy/sell) transactions. Generally, people are of the opinion that real estate investing makes sense only when the rates are on the rise. However, real estate investing for profits is possible just about any time (and as I just said, real estate investing is an art). Here is a list of tricks that can make real estate investing profitable for you:
1) Look for public auctions, divorce settlements and foreclosures (bank/FHA/VA): Since quick settlement is the preference here (and not price), you might get a property at a price that is much lower than the prevailing market rate. You can then make arrangements to sell it at the market rate over a short period of time. However, make sure that the property is worth the price you are paying.
2) Looking for old listings: The old listings that are still unsold may provide you with good real estate investing opportunities. Just get hold of an old newspaper and call up the sellers. They might have given up hope of selling that property at all and with a bit of negotiation you can get the property for a real low price.
3) The hidden treasure: A really old (and dirty) looking house may scare off buyers. But this might be your chance for real estate investing that can yield good profits. So, explore such properties and check if spending a bit on them can make them shine. You can get these at very low prices and make a big profit in a short time.
4) Team up with attorneys: There are a number of attorneys who handle property sales on behalf of sellers or in special circumstances (like the death of the property owner). They might sometimes be looking to dispose off the property rather quickly and hence at a low price. Be the first one to grab such real estate investing opportunities and enjoy the profits.
5) Keep tab on the newspaper announcements: Property sell offs due to deaths, divorce settlements, immediate cash requirements and other reason are frequently announced in local papers. Keep track of such real estate investing avenues.

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The European Commissioner for Financial Stability, Financial Services and Capital Markets Union, Jonathan Hill, and U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad today announced a common approach regarding requirements for central clearing counterparties (CCPs).

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Credit cards are considered as one of the necessities in today's life. Besides, with a credit card, you can literally purchase any product or services without having money in your pocket at all. No longer will you run the risk of getting your money stolen by simply having a credit card.
However, with all the advantages that a credit card can give you, you will find that it is quite difficult to apply for a credit card and getting approved. There are a lot of things you have to consider before a credit card issuer or a bank can get you approved for a credit card.
The first thing you need to know and need to have when applying for a credit card is a good credit rating. Your credit rating is one of the essentials that a credit card issuer or a bank will look at in order to get you approved for a credit card. By having a good credit rating, you will be sure that you can get yourself approved.
However, if you don't have any credit history or a bad credit rating it will relatively be hard or even impossible for you to get approved for a credit card. In order to obtain a credit history or repair your credit rating, you can always apply for a secured credit card.
Unlike an unsecured credit card, it will require you to deposit money on an account. The amount you deposit will be the credit limit for a secured credit card. You will also receive a monthly billing statement like an unsecured credit card.
You have to remember that a prepaid credit card and a debit card are different from a secured credit card. Debit card and prepaid credit cards will never repair or build your credit rating.
One main disadvantage of a secured credit card is that it will usually have a high interest rate than most unsecured credit cards. However, it is also a great way to control your credit card purchases. It is also a great way for you to become a responsible credit card holder and help you prepare to own an unsecured credit card.
Not only that, it will also help you build a good credit rating or help you repair a bad credit rating. With this kind of feature, you will definitely get yourself prepared to own an unsecured credit card.
Owning a credit card will also mean being more responsible for your purchases. With a secured credit card, you can train yourself to be a more responsible credit card holder. This is because, aside from the advantages that an unsecured credit card can give you, there are some people that buy irresponsibly. The feature that a credit card offers will usually tempt people to buy things that they don't really need and will often result in getting into huge amounts of credit card debt.
By first getting an unsecured credit card, you will be sure that you can be a more responsible credit card holder.
So, if you want to apply for an unsecured credit card, getting a secured credit card first is recommended if you don't know what you are getting into or if you want to build a credit history or repair your credit rating.

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I've known a lot of people who have lost money when they sold their homes. In fact, I'm one of those people, and it's happened to me more than once.
There are a number of factors can cause a financial loss when you sell your house, including the need to sell at the wrong time due to divorce or an impending foreclosure, or a downturn in the local real estate market. However, it's also common to lose money simply by making too many expensive changes to the house before putting it on the market. This is how I lost money on real estate, before I wised up.
My most resounding failure in the fix it and flip it market was a house I bought in Spokane, Washington. Knowing what I know now, I would have restricted myself to replacing the carpets and the kitchen and bathroom fixtures, painting inside and out, and buying new appliances. I probably would have replaced the old-style windows, too, to make the place look nicer and appeal to the energy-conscious buyer. These fixes could have been done easily within the two years I needed to live there to avoid capital gains taxes.
Since I didn't know what I know now, I made major renovations, which included moving the bathroom. I did most of the work myself, but the materials alone cost more than I could get back when the house was sold. With the exception of repairs done to the house to make it eligible for an FHA loan and watering the grass, I doubt that any of my major projects really helped me sell the house or increased its value.
If a house is actually sound, with no structural damage or insect problems, the biggest reason it will sell for less than its worth is usually cosmetic. This was certainly true of the house I bought in Spokane. Dirty carpeting, and a wall in the living room covered with mirror tiles, kept most buyers from going any further into the house. I could see past the cosmetic problems and see the home's full potential but my imagination went a bit too far.
The floor plan was odd, and slightly inconvenient, but leaving the bathroom where it was would have been far more rational, financially. Why didn't I do that? Because my emotions and my nesting instincts took over, pushing aside all thought of future gain or loss.
Let's face it most people don't buy their own homes with the intention of making a profit, although they certainly hope the house will be a good investment. In fact, the emotional stress caused by the process of buying a house and moving into it can be enough to completely erase any thought of moving again a few years later. However, I know several families who have made a very good living by buying underpriced homes, living in them and fixing them up, and then selling them when the IRS will allow them to do so without paying extra taxes. Clearly, these folks don't make any changes to these houses without carefully considering the bottom line.
After my Spokane adventure, I decided to learn from my mistakes, and find out how to stop losing money on houses. I read books by authors who are experienced in fixing and flipping houses and then read them again. When I saw that most remodeling projects almost never recoup their costs when the house is sold, I was a little shocked, because I had been guilty of almost every mistake on the list at one time or another. I know many people who have also made the same mistakes, even when they started those remodeling projects with the intention of increasing the value of their homes.
When I bought my next house, I kept that list very firmly in mind. For instance, my kitchen was badly in need of a major overhaul, (or so I believed), and it was far too small. I pored over the latest home decorating magazines, and ideas came flooding into my head. I thought about knocking out some walls, and I even tried to imagine adding on to the house to make the kitchen bigger. New cabinets would be needed, and new appliances
In the end I painted the kitchen cabinets and replaced the sink with a new one I purchased at Ikea. I covered the chipped orange Formica counters with printed cotton fabric, and coated it with many layers of water-based Verathane that was intended to protect wood floors. The complete remodel cost less than $400, as opposed to the thousands of dollars that I would have spent if I followed through on my idle dreams of a perfect kitchen. Since the house sold at a very good price within two weeks of listing it, my buyer obviously didn't mind that the kitchen didn't meet my idea of perfect. Because I kept my costs down, I made a handy profit on the sale.
Would I have been able to sell the house for more money if the kitchen had been remodeled and expanded? Perhaps, but not enough to cover the cost of the remodel. Although the National Association of Realtors lists a kitchen remodel as one of the projects that will increase a house the most, they still advise that you should expect to get back only 80% of the costs. If your new kitchen is far fancier, bigger, and more expensive than any other kitchen in the neighborhood, the returns will be even less. A full kitchen remodel can cost thousands of dollars, so the 20% you don't get back can be a big chunk of change.
Does this mean that you shouldn't make changes to your home that would make you happy? Not at all, especially if you intend to live there for many years. But it does pay to sit down with your spouse or partner before you start making your remodeling plans, determine exactly how long you'll be staying in the home, and then think about the full financial implications of the remodeling project. Even if you don't think of yourself as a professional house flipper, it might pay to slow down a bit and find ways to improve the home without spending money you'll never see again. As a bonus, your family might be able to avoid the stress and disruption of all that remodeling mess.
Source by Jonni Good

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WASHINGTON product sales of brand new single-family houses in October 2016 had been at a seasonally adjusted annual price of 563,000, relating to estimates circulated jointly today because of the U.S. Department of Housing and Urban developing (HUD) and also the U.S. Census Bureau.

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