Shah Gilani

Subprime Student Slaves: The Lowlife Trap of Higher Education

And the strong to seem to get more
While the weak ones slave
Empty pockets don’t ever make the grade
Mama may have, and Papa may have
But God bless the child that’s got his own
That’s got his own.”

We can thank the late, great Billie Holiday for those lyrics. And we can thank our higher education system for giving “the child that don’t his own”a chance to get some.

Some debt, that is.

Students, many of them adults looking to gain new skills, are being systematically ripped off and enslaved by schools and lenders, blinding them with hope about what a higher education can do for them while bilking them for billions in the process.

It’s a dirty game, and a big one at that. You probably know, because you probably owe.

But wait.

First, let me offer some insights on the market before I get to my indictments…

Why the Doom and Gloom?

So far, so good…as far as earnings season, that is. Three quarters of companies reporting, so far, have beaten Street expectations. And 81% have offered up better than expected revenue forecasts for the future.

So… why all the doom and gloom?

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Turn Your Digital Wallet into a Money Machine

You don’t realize it but there’s a fortune in your wallet right now.

What? You don’t see it? That’s because you’re looking in the wrong wallet.

Take out your cell phone. In your hand right now is your financial future if you want to get rich.

Your smartphone is about to become your new “digital wallet.”

When it comes to your credit, your investments, your banking relationships, how you shop, how you are marketed to and how you pay for everything, your new digital wallet will be at the center of it all.

Understanding what kind of hardware your wallet takes, who delivers your digital services, and understanding your relationship to digital money will be the keys to making a bundle off of it all.

In fact, as the race to shape the future of e-commerce and e-payments develops, fortunes will be made by investing in the companies destined to be big winners in this fast-growing trend.

With that in mind, here’s a snapshot of what’s here now, where the trend is headed and how you can ride this phenomenal wave all the way to your own private beach.

The Rise of the Digital Wallet

First, you have to realize that you don’t use a lot of cash-even though you think you do.

The truth is the whole world is using less and less cash.

On the low end, Swedes transact commerce in cash only 3% of the time. Europeans pay with cash 9% of the time. And Americans pay in cash only 7% of the time.

The rest of the time we’re using credit cards, debit cards, prepaid cards, checks, coupons, the Internet, and increasingly, cellphones.

There are several reasons why we’re using cash less.

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The Markets Are About to Tell You Something

Most people seem to have a hard time understanding why the markets do what they do.

The only reason I don’t is that I’ve been trading professionally for 30 years.

Not that I “got it” when I started out. I didn’t. I had to learn. And I learned much of what I know the hard way. I made a lot of mistakes. I studied my mistakes, I still do, just as much as I study what moves markets and what I get right.

I’m always learning. That’s because everything changes. You have to always take in new data, mesh it with recent data, layer it over the past, and not ever think you know for sure what’s going to happen.

So, how do you do it? How do you understand what’s going on with different markets?

Here’s how I do it (and get it right a lot)…

It’s First and Foremost About the “Big Picture”

I synthesize all the big goings-on, all the headline market-moving news and data points, and I watch and “listen” to how the markets react.

Money moves markets, but psychology moves money.

Markets are living things. They have feelings; their reactions are a direct reflection of the psychological impact reflected in the buying and selling of traders (first) and investors (distantly second) to the goings-on that participants believe will affect the decision-making of other market participants.

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