Five Chinese Festivals Worth Remembering

The Internet is bringing the world closer, and international corporations are doing business in all of the global times zones. If you do business in China, or with Chinese companies, understanding their culture can assist in improving both your business and social relationships. To impress your Chinese colleagues, invite them to celebrate these traditional Chinese holidays with you.

Dragon Boar Festival

On the fifth day of the fifth month of the Chinese lunar calendar (this year it is June 9), the Chinese celebrate the renowned poet Qu Yuan (c. 340-278 BC). Although much beloved by the people, he was banished by the local king. He committed suicide by throwing himself into the Miluo River; the villagers chased his body down the river in their (what are now called) dragon boats.

Dragon boat races have been held in China for over 2,000 years, although the Chinese government only recognized them as a sport in 2008. Today, thousands of people in more than 50 countries annually race their boat after their “poet.”

Children’s Day

Children’s Day is celebrated on June 1 in China and many other nations around the world. It began in Switzerland in 1925 when 54 international emissaries gathered to discuss the welfare of the world’s child population. This “World Conference for the Well-being of Children” passed the “Geneva Declaration Protecting Children,” which called on countries to protect their child populations from poverty, child labor practices and diminished educational opportunities.

Arbor Day

Although this traditional celebration of the tree began in Nebraska (United States) in 1827, the Chinese adopted it in 1927. In 1914, a ranking administrator at Nanking University submitted the idea for a National Celebration of the Tree to the Republic of China ministers, who initially rejected it. After Dr. Sun Yat-sen died, the idea was resurrected, and the holiday was established as a tribute to him because he was such a staunch supporter of forestation projects.

In 1981, the People’s Republic of China embraced the idea and declared March 12 to be its official Arbor Day holiday. On this day, millions of Chinese and international participants plant trees on personal and public property to beautify their cities and clean their air.

Qingming Festival

Early April (this year, it is April 4) sees the celebration of this Chinese springtime rite. The holiday is connected to both the emergence of spring and to paying respect to the dead.

Thought to have originated as many as 2,500 years ago, the holiday originally commemorated the loyalty of a deceased royal subject. When that reverent day also coincided with the blooming of spring, the two celebratory elements were combined.

To celebrate the spring aspect of the festival, festival goers enjoy kite flying, outdoor activities and riding on swings. “Tomb-sweeping” is the central element of the “respectful” festival. Ancestral tombs are cleaned, and their gardens are weeded and cleared of debris. The deceased’s favorite food and paper representing money are burned as offerings, to ensure they do not lack food or money where they are.

Lantern Festival

Perhaps the most beautiful festival is the Lantern Festival, which occurs each year on the 15th day after the first lunar month. This year it was celebrated on Feb. 22.

For more than 2,000 years, the Chinese and other Asian countries have celebrated the beauty of silk and paper lanterns. Originally used to honor Buddha, the lanterns became common after an ancient emperor decreed that all temples should be lit with lights. The Chinese have developed numerous presentations of lamps, including floating, fixed and flying lanterns. Many dances are also associated with the festival, including dragon and lion dances. During the festival, traditional Chinese imagery is highlighted on the sides of thousands of illuminated lanterns.

Doing business internationally requires an understanding of the culture of your colleagues. Your Chinese counterparts will appreciate and be honored by your knowledge of their traditional homeland festivals.

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Key Advantages of Businesses in Multilingual Markets

This day and age has seen the rise of a new type of small business, the micro-multinational. The internet and globalization have opened up a lot of possibilities for local businesses to expand their reach to cover a larger geographical area. Going global is no longer the sole purview of the “big boys.” There is an issue, however, facing all companies eyeing the global stage – the language barrier.

The role of language in extending geographical reach

Just outside the borders of the U.S., for example, you encounter two other major languages, French (in Canada) and Spanish (in Central and South America). Reaching geographically towards these countries is logistically very feasible. But, and it’s a big but, reaching out linguistically is another matter altogether.

You may have people who already speak French or Spanish. These people, though, will probably still be homegrown Americans with an American mindset reflecting an American “meaning” underlying their use of these languages. This difference in “meaning” that underlies usage can potentially cause damaging miscommunication that lead to damaging misunderstanding. The result, instead of opening a door, you are closing it.

On the other hand, culturally appropriate communication sends an entirely different subliminal message. It says to your would-be customer that you care enough to go to the trouble. It says you care enough that you are willing to spend resources to be clearly understood. It says you want to talk to them on their terms, not just yours, in a meeting of the minds.

Breaking the language barrier is not an overnight thing

Getting your message across cannot be done “overnight” through simple, straightforward translation. It is a process, which has to be repeated with each local culture and local language or dialect you are pointing your business at.

You either hire someone who knows both your culture and the target culture from the point of view of a native, or you could get a proven third-party expert in this field, such as Multilingual Connections. The next step would be to tailor your company’s branding, message and image so it “translates” accurately into the local culture and language. This means the words and the portrayal may appear different but the core and the intent is a mirror of yours in your language and culture.

Then comes another critical juncture, key personnel need to be trained in the quirks of the target language and the local culture using it. This knowledge should also be allowed to gradually seep in into your whole table of organization. If you have a satellite infrastructure or organization already in place in your target market, they need to mirror that process but with your culture and your language as the subject of internal education.

Language is a key differentiator

Reaching beyond America’s borders has never been more possible than it is today. However, extending your geographical reach effectively means addressing the language barrier effectively, too. It is a major long-term investment that entails the participation of everyone in your organization, especially for key people and the rest to some extent or another as you might deem necessary. It will ultimately differentiate you from your competition. Just imagine all the other little things clear communication brings with it.

As marketers in a digital world looking to reach a global market, the fact is that a large portion of your international audience does not speak English, and many of those who do are still not looking for content in English but rather in their own native languages. Offering your content in the languages you are targeting, as part of your international marketing efforts, will translate far beyond just delivering a larger volume of international visits: It will also help develop closer, more engaging relationships with your customers and drive greater direct business results.

At MI Translations, our commitment to our customers is as unwavering as our dedication to providing accurate, precise translation services. We have been able to distinguish ourselves because of our team and the processes we employ to guide our work.

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Expats Move To Hong Kong For An Exquisite Experience

Hong Kong is one of the pioneering and astounding cities that calls for travelers and expats from all around the world. Being christened as the ‘Fragrant Harbor’ this city surely entertains millions from both near and far destinations. Hong Kong is part of two Special Administrative Regions (SARs) of the People’s Republic of China, the other Macau. As on date HK has its own governed rules with no link or rule of authority from mainland China. If you are planning to visit Hong Kong the best season to experience and enjoy the city’s amazing view is during the winter seasons between January and March when the weather is less humid and pleasant to meander around the city. Apart from this, the city has a lot to offer for expats looking for a home as this city has plethora of fun and awesome cityscapes.

Once you decide to relocate to Hong Kong you will surely be mesmerized to find hassle-free relocation companies overseas for end to end packing, moving and settling-in services. As part of professional services, one can also avail city orientation services for an exquisite experience in the city. Wanting to explore the city? One can visit the Victoria Peak and get a glimpse of the sprawling city. The Peak Tower which is a huge tower in the shape of a wok makes this possible. This peak has its shopping mall, restaurants and a world-famous Madame Tussaud’s museums to entertain all its visitors’. Expats visiting the city for the first time are fascinated and excited to the global statue laid in the famous wax museums. Apart from these the Hong Kong Museum of History is a much-deserved museum to be explored by travelers and residents alike. The temple street holding the Ten Thousand Buddhas statues is worth exploring too if you get stressed from the hectic work-life. Apart from the steel jungle this city exposes its nature freely to its guests with its natural scene, nothing can beat the Lantau Island which itself is most of the times responsible for people opting to move to Hong Kong. Holiday makers seeking an escape from their vivacious city lives often run off to the HK to seek the detached ambiance of the tranquil and cerulean crystallized beaches. Sight the renowned pink colored dolphins known as the Chinese White Dolphins and exhilarate in the adventures of the most engrossing theme park; Disneyland Park. The fun and excitement offered at the island is simply inexpressible if you are settling down in HK and want a stress-free life.

Shopping and Hong Kong go hand in hand. Shopaholics from around the world get enticed to the shopper’s paradise. The city is indeed blessed with the overabundance of goods on sale from emerald and jewel stones to apparels, cosmetics, toys, sports gears and electronics. Toys, video games, CDs, DVDs, cameras and other digital and electronic equipment tops the list of tourists and expats shopping list as it is relatively inexpensive in the city. Another most sought-after shopping item in the city is the decorated lanterns, theme dress, shoes and the good luck wind fan artifacts that links back to the city’s past. Some of the important shopping destinations within the city circumference include the Times Square, IFC Mall, Pacific Place and Harbour City to name just a few. One can also choose to hang out at Ladies Market, Stanley Market and Temple Street. Shopping aficionados can refer to the Hong Kong city guides before moving to the city.

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The Importance Of Investing in A Dry Cabinet

If you are having trouble protecting your MSD(moisture sensitive devices) from humidity related damages, you are on the right page. In this article, we are going to shed some lights on the importance of electronic dry cabinets.

Basically, a dry cabinet is an enclosure that can keep electronic components from getting exposed to excessive moisture environment. People use these when they need to put their moisture sensitive products into low humidity environment.

We know that excessive moisture can damage specific products, such as PCB,IC,chips,optical products,precision instruments. Since moisture can have a negative impact on the device performance and cause malfunction in some cases, it’s important to keep them in a place where these problems won’t occur.

Without further ado, let’s find out why you may want to invest in a dry cabinet to meet your needs.

Importance of investing in a Dry Cabinet

Why do professional manufacturers use a dry cabinet to store their MSD? The short answer is, they want protection against fungus. As a matter of fact, fungus is the worst enemy of electronic manufacturing process. It’s not easy to remove fungus and it can also cause damage and great economic loss to the products.

The problem is that fungus and humidity can directly cause damage and cracking inside electronics and other moisture sensitive materials. This can happen if you store the electronics and don’t take any measures to protect it from unwanted stuff, such as fungus and humidity. As soon as fungus grows, you won’t be able to stop it from spreading fast.

If you think you can clean the fungus from PCB boards, you need to think again. The reason is that it can have a damaging effect on the small components on PCB boards and too much works with excessive labor cost,Therefore, we don’t recommend that you go this route.

Often manufactures who have access to dry cabinets end up storing their components in exposed workshops,Typically, fungus tends to thrive in these areas because of high humidity. Generally, these people live in areas where humidity remains high throughout the year.

Keep in mind that these can be a great choice for electronic and semiconductor manufacturers.Make sure that the equipment you have stored is free of dust and water vapor. And this can be done only if you invest in a good dry cabinets. These devices can be configured to control humidity and prevent it from crossing the line.

Bonus Tips:

If you want to store your MSD (moisture sensitive devices) into dry cabinets, make sure you choose an optimal humidity point,don’t keep the humidity level too low or too high.

Dry modules is also very essential,if the dry module lifespan is short,then you have to replace it once two years or three years,it will cause high cost and much time.

Often, it costs a hefty sum of money to get the fungus removed from your MSD. On top of this, the treatment may not be 100% effective. As a result, you may end up with long downtime.

Long story short, these are some of the reasons why you may want to invest in a good dry cabinet to store your expensive electronic equipment, such as cameras.

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Is Cryptocurrency the Future of Money?

What will the future of money look like? Imagine walking into a restaurant and looking up at the digital menu board at your favorite combo meal. Only, instead of it being priced at $8.99, it’s shown as.009 BTC.

Can crypto really be the future of money? The answer to that question hinges on the overall consensus on several key decisions ranging from ease of use to security and regulations.

Let’s examine both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important component is trust.
It’s imperative that people trust the currency they’re using. What gives the dollar its value? Is it gold? No, the dollar hasn’t been backed by gold since the 1970s. Then what is it that gives the dollar (or any other fiat currency) value? Some countries’ currency is considered more stable than others. Ultimately, it’s people’s trust that the issuing government of that money stands firmly behind it and essentially guarantees its “value.”

How does trust work with Bitcoin since it’s decentralized meaning their isn’t a governing body that issues the coins? Bitcoin sits on the blockchain which is basically an online accounting ledger that allows the whole world to view each and every transaction. Each of these transactions is verified by miners (people operating computers on a peer to peer network) to prevent fraud and also ensure that there is no double spending. In exchange for their services of maintaining the integrity of the blockchain, the miners receive a payment for each transaction they verify. Since there are countless miners trying to make money each one checks each others work for errors. This proof of work process is why the blockchain has never been hacked. Essentially, this trust is what gives Bitcoin value.

Next let’s look at trust’s closest friend, security.
How about if my bank is robbed or there is fraudulent activity on my credit card? My deposits with the bank are covered by FDIC insurance. Chances are my bank will also reverse any charges on my card that I never made. That doesn’t mean that criminals won’t be able to pull off stunts that are at the very least frustrating and time consuming. It’s more or less the peace of mind that comes from knowing that I’ll most likely be made whole from any wrongdoing against me.

In crypto, there’s a lot of choices when it comes to where to store your money. It’s imperative to know if transactions are insured for your protection. There are reputable exchanges such as Binance and Coinbase that have a proven track record of righting wrongs for their clients. Just like there are less than reputable banks all over the world, the same is true in crypto.

What happens if I throw a twenty dollar bill into a fire? The same is true for crypto. If I lose my sign in credentials to a certain digital wallet or exchange then I won’t be able to have access to those coins. Again, I can’t stress enough the importance of conducting business with a reputable company.

The next issue is scaling. Currently, this might be the biggest hurdle that’s preventing people from conducting more transactions on the blockchain. When it comes to the speed of transactions, fiat money moves much quicker than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, the blockchain can only handle around 10 per second. However, a new protocol is being enacted that will skyrocket this up to 60,000 transactions per second. Known as the Lightning Network, it could result in making crypto the future of money.

The conversation wouldn’t be complete without talking about convenience. What do people typically like about the their traditional banking and spending methods? For those who prefer cash, it’s obviously easy to use most of the time. If you’re trying to book a hotel room or a rental car, then you need a credit card. Personally, I use my credit card everywhere I go because of the convenience, security and rewards.
Did you know there are companies out there providing all of this in the crypto space as well? Monaco is now issuing Visa logo-ed cards that automatically convert your digital currency into the local currency for you.

If you’ve ever tried wiring money to someone you know that process can be very tedious and costly. Blockchain transactions allow for a user to send crypto to anyone in just minutes, regardless of where they live. It’s also considerably cheaper and safer than sending a bank wire.

There are other modern methods for transferring money that exist in both worlds. Take, for example, applications such as Zelle, Venmo and Messenger Pay. These apps are used by millions of millennials everyday. Did you also know that they are starting to incorporate crypto as well?

The Square Cash app now includes Bitcoin and CEO Jack Dorsey said: “Bitcoin, for us, is not stopping at buying and selling. We do believe that this is a transformational technology for our industry, and we want to learn as quickly as possible.”
He added, “Bitcoin offers an opportunity to get more people access to the financial system”.

While it’s clear that fiat spending still dominates the way most of us move money, the fledgling crypto system is quickly gaining ground. The evidence is everywhere. Prior to 2017 it was difficult to find mainstream media coverage. Now nearly every major business news outlet covers Bitcoin. From Forbes to Fidelity, they’re all weighing in with their opinions.

What’s my opinion? Perhaps the biggest reason Bitcoin might succeed is that it’s fair, inclusive and grants financial access to more people worldwide. Banks and large institutions see this as a threat to their very existence. They stand to be on the losing end of the greatest transfer of wealth the world has ever seen.

Still undecided? Ask yourself this question: “Are people trusting governments and banks more or less with each passing day?”

Your answer to that question just might be what determines the future of money.

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Data Analytics Can Help You Make Better Decisions

According to experts, if you want to achieve success as a business owner, you must have a deeper insight into customer behavior, operations, and market trends. And this is where data science comes to your help. You should analyze tons of data for this purpose. In this article, we are going to talk about the importance of data analytics and the way it can help you make informed business decisions. Read on to find out more.

You can get access to tons of data, but using technology to analyze the data is a complicated process. As the available data keeps growing, you can use analytics in order to get a better idea of the factors and dynamics that can have a great impact on your business.

As soon as you have collected the data from different sources, you can use data analytics to move further. Primarily, the role of analytics is to get a deeper insight into a lot of important factors. In other words, it can help you get a better understanding of the challenges you face. Plus, it helps you find solutions to the problems.

If you have a proper plan in place, you can use solid strategies for the implementation of your plan. With data analytics, you can enjoy a great deal of benefits. Given below is a description of some of the advantages of data analytics for your business.

1. Better Decision Making

As said above, data analytics makes use of tons of data. This data is processed and analyzed for an insight into marketing, finances, sales, trends, and product development, just to name a few.

Besides, this process provides a base to view the reports. And this helps your employees and senior management getting a much better understanding of the presented information. Based on the data, they can make better decisions.

2. Better Allocation of Resources

For the growth of a company, having a strategy is of paramount importance. Besides, this process can help you how you can use the resources to improve your business operations. Besides, it helps find out about any scope of improvement. It also enables automation to make sure the resources are used more efficiently.

3. Performance Improvement

For the growth of any business, performance is another important element. Using data analytics, you can improve this department and optimize your operations. Apart from this, it can help you improve your efficiency through insights into product innovation, price segmentation, and target audience.

In simple words, data analytics can help you determine a variety of problems that may negatively impact your business. Plus, it can help you find solutions and get a better measurement of the efficacy of the solution.

There is no doubt that data analytics can help you transform your business into a lucrative business.

In short, data analytics can help you make better decisions as a business owner. Therefore, you may want to benefit from it. All you need to do is have a solid plan and strategy in place.

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The Ultimate Guide to Choosing the Right Skincare Products

If you’re thinking about doing your own face cleaning, then you should consider all the factors that could make your face and skin break out or irritate. Your pores are like very large air passages that contain sebum and dead skin cells which should remain unaltered.

If you wash your face on a daily basis, then those pores may become clogged, which can lead to acne breakouts, blackheads, and other blemishes. You have to make sure that you use proper cleansers and soap that is formulated for your skin type, especially if you have oily skin. If your pores are too big, then it’s possible that they will be too rough for soap to clean.

If you have ever had acne breakouts, then you know how sensitive your skin is. When it comes to cleansing, make sure that you are using the right cleanser and products that are designed for your skin type. The best cleansers will be gentle enough to be used every day but also effective enough to eliminate the dirt and oil that can be deposited by dead skin cells.

Those with big pores have more difficulty in cleaning their skin than those with small pores. A washcloth with soap can be very damaging if it’s used with one’s fingers. As such, you will want to use a soft brush with which to clean your face.

If you have acne, you may also suffer from dry, itchy, and watery eyes. There are various home remedies that can be found online which are quite inexpensive and still work just as well as a chemical-based treatment.

One of the best ways to prevent acne is to choose products that use natural ingredients. These products should be formulated in such a way that they won’t irritate your skin. Some of the most popular ingredients include tea tree oil, witch hazel, and aloe vera.

Once you’ve made your selection, make sure to test the product to see if it’s safe for your skin. In addition, you should make sure that the ingredients you’re choosing aren’t harmful to your skin. The safest and most effective products are those that are hypoallergenic.

You should be careful not to choose a cleanser that contains tea tree oil because this can cause dryness. You should choose products that contain ingredients such as honey, bentonite clay, or even baby powder to cleanse your skin.

When choosing an exfoliating product, it’s a good idea to make your own facial cleanser at home. Exfoliation removes dead skin cells, which leave your skin feeling smooth and fresh. Make sure to choose a gentle exfoliating substance that won’t irritate your skin.

If your skin is really stubborn, then you may need to consult with a dermatologist. After doing some research, make sure to find out what your options are when it comes to treating acne. If your doctor doesn’t feel that your skin is in need of any treatments, then there is little reason to continue your search.

Always make sure to choose a gentle cleanser and a light toner, followed by a very light-bodied, light-weight facial cleanser. Follow this up with a light-toned down moisturizer, especially if you have sensitive skin.

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Friends, Best Friends, Wedding and Stranger

The story is about 2 friends we met on the cell phone and start chatting. We both don’t know that we attached too much and this will make us hard to live without each other.

Me and my best Friends. She was a girl. Roon and I are the same age and we fought so much in the starting days. We never miss a chance to tease each other. Finally, we become good friends and spend a lot of time together. She lives near to my house. We meet, eat and spend our lives joyful. We are very close to each other. We both love someone she loves her cousin and I love someone other. We both share their a lot of time and also share each and everything happened about the day. Finally, her cousin came and she engaged. She introduces me to her cousin as a best friend.

One day she argued with him about something and ready to suicide for him. I managed somehow and relax her. Later we will close so much.

After 1 year she married him. But she doesn’t invite me to her wedding and making the excuse that she could no invite her because she can’t see me like this. She doesn’t like don’t bye’s.

We talk for almost 2 days before her wedding. Continuously!!. She cried a lot and we memorize each moment we spend together. She is like an angle for me in my life. Still, I missed her a lot. After her wedding, she contacts me only 1 time because she leaves the country really soon.

I was like shocked. When she said she moved to Dubai with her husband. She moved in 4 months and we never ever talk again yet.

After her wedding, I get married too but co-incidence I choose the same days for the same month which she chooses for her wedding. I thought what a coincidence.

Now she having a baby girl. I have her Facebook id for the last 2 years but still, I do not contact her. I have a baby boy too. And happily married to my loved ones. But still, there is something in my heart that I missed for 2 years. I don’t know if she could feel the same feeling as me.

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Investing in a Volatile Environment

The volatility that we recently experienced in the market is very troubling to some investors. Unfortunately, those investors who hit the panic button and sold off are recognizing large losses in their portfolios only to turn to investments that are perceived as safer places to invest.

The fact of the matter is that we invest our money to earn long-term rates of return that will exceed the rate of inflation and help us preserve our purchasing power. Historically, cash has been the worst place to invest over the long term.

Losing Investment Capital in a Volatile Market
According to Fidelity Investments, investors who sold their 401(k) holdings while the market was crashing between October 2017 and March 2018, and then stayed on the sidelines, have only seen their account values increase by about 2%, including contributions, through June of 2019. This compares with those who held on and saw account balances bounce back by around 50%. During periods of extreme volatility, wealth managers will often tell clients to stay invested rather than sell and lock in large losses in a seesaw market.

Building confidence in your strategy is a way to keep from making the mistake of buying high and selling low. Having the mental conviction to tell yourself that you have a carefully planned portfolio of high quality investments goes a long way toward getting through the toughest days of market volatility. If you are unsure of how to select high quality investments, consult with an financial manager or registered investment advisor.

The question is; how do you reach that state of mind? It’s not easy if you are the type of person that tends to get knots in your stomach when the market drops. We outline some steps below that might be able to increase your level of confidence.

Conquering the Fear of Volatility
One step you should take to better handle volatility is to make sure you have adequate cash reserves for a financial emergency that might arise. This way you are not depending on your portfolio for unforeseen expenses and your anxiety level will be lower, knowing that you don’t need to sell your investments when they have declined in value.

Make sure you have a mix of investments that fits in to your risk tolerance and time frame. This can be accomplished by considering how you have felt when past market declines have occurred. Your wealth management advisor should be able to provide you with a thought provoking questionnaire that will give you a score when completed. The score on the questionnaire will have a corresponding asset allocation that you can use to determine the split you will have between stocks, bonds and cash.

Once your allocation has been determined, stick with it. It is a good practice to reallocate your assets on a regular basis to keep your risk level the same. This means that a portion of those investments with better performance will be sold (sell high) to purchase in order to purchase shares in those that have not performed as well (buy low).

Other ways to hedge volatility can be through the use of options. Two simple strategies can be applied. One is the sale of covered call options against underlying stock or ETF positions. In this strategy you (the seller of the option) collect money from a speculator (the buyer of the option) in exchange for an agreement to sell your stock only if it reaches a specified price (higher than where it trades at the time of the transaction). The option must hit the price target (strike price) within a predetermined time frame (expiration date). If it does not, the contract expires you keep the money paid and are free to sell more options against that stock position.

The other strategy is to simply buy a put option. This gives you the right to sell your position in a stock or ETF that you own at a predetermined price within a predetermined time frame. For this privilege you will pay money (a premium) to the potential buyer (seller of the put option) of your stock. This strategy should be implemented in periods of low volatility, as the cost of the transaction will rise as markets begin to fall.

Buy With Conviction
Let’s say you’ve owned a stock that has done well over time. The stock has had a history of increasing revenue, profits and dividend increases. It seems like the stock is usually going up when the market goes up, only now there has been a big selloff in the market, and the stock has dropped dramatically due to market conditions. It may be time to do some homework on the company and make sure that the drop is due to just a generally bad market. If it that turns out to be the case, maybe it is time to buy more of the stock. Great companies often go on sale in market declines, only to have dramatic upturns once the market decline is over.

Speak With Your Wealth Management Team
You should also consult with your financial manager when markets are volatile. Investment professionals are in the business of understanding what is causing the market volatility and can often provide some insight. Often times your investment professional can help ease your anxiety and remind you of your commitment to your allocation and financial goals.

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The Investment Mistake Otha Anders Made

In 2015, an elderly Louisiana gentleman cashed in at a nearby bank, a truckload of 55-gallon plastic water jugs of pennies that he had collected over the previous 45 years. After the last penny had been counted, Otha Anders received over $5,130 as the total amount for his pennies. That’s over 510,000 pennies. To the general public, this news probably sounded wonderful, but to every American numismatist who collects and buys coins for fun and profit, Anders lost a lot of money.

According to the News-Star of Monroe, La., Anders referred to each of his pennies was a “God-given incentive reminding me to always be thankful.” In Anders case, however, a “penny saved” may be more than “a penny earned.” Many of those that he cashed in to get instant money, would have been worth more money.

Since Anders began his penny hoarding in 1970, he would have picked up many “wheat” pennies that the Mint struck between 1909 to 1958. Even today, there are still many “wheat” cents in penny rolls and circulating change. When he started saving in 1970, he would have found many wheat cents in great condition. Over the last 45 years, most of each of those pennies would become more valuable than one cent.

According to the “Guide Book of United States Coins 2015” by R.S. Yeoman, wheat cent values ranged from $.10 in “good” condition to several hundred dollars in “almost” uncirculated condition. Also, the guide records a few extremely rare pennies that were worth up to $5,000 in uncirculated conditions. However, it would be impossible to estimate how much the numismatic value of the entire collection might be; each coin would have to have been examined by reputable coin dealers who could have helped him sell his collection, but it’s easy to imagine Anders would have made over $20,000 if he had had the patience to get them evaluated.

In addition to numismatic value, there is a precious metal value for the price of all of the coin’s weight in copper. All American copper coins struck until 1981 contained 95% copper. According to the “InvestmentMine” website, in 2015 the average value of copper was $2.86 per pound. All of Anders’ pennies together weighed over 2,800 pounds. So, if he picked out all of the coins, we’d multiply 2,800 pounds and 2.86 the sum in copper would have been a total of roughly $8,000. However, a conservative estimate of the number of pennies made of copper was 75%, we’d get about $6,000, which is about $900 more than he received.

Although Anders received over $5,100 for his enormous collection, he could have gotten much more if he took the time to get all of them evaluated by a trained numismatist. However, the good news is that if you live in or near Louisiana, you could buy many rolls of pennies from local banks and probably find some of those higher valued wheat cents.

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