Share the Wealth: October 2007

Wednesday, October 31, 2007

Prosper Registers With SEC to Create a $500 Million Secondary Market in Peer-to-Peer Loans

I have been a member and lender of Prosper for sometime now and look forward to this change. I absolutely love what Prosper has put at our finger tips and look forward to Prospering and growing with this company.

From TechCrunch

One of the most disruptive startups in the financial industry is Prosper, a peer-to-peer lending marketplace. Since its launch in February, 2006, Prosper has attracted more than 450,000 members who have loaned $96.4 million to each other. There is so much liquidity on Prosper now that the startup wants to create a secondary market for loans on the site.
Right now, if you loan money to someone on Prosper, you have to wait for the term of the loan to expire to get all of your money and interest back (unless the debt is paid back early). A secondary market would allow individual lenders on Prosper to sell loans to each other right away, and perhaps even package them together. Such a secondary market could make Prosper a more appealing place for larger financial institutions to invest in.

Yodao Releases Related Blog Posts Widget

By China Web 2.0 Review

The most popular feature of search engine Sphere.com is its “Sphere It” related content widget, it shows blog and media content related to your posts when clicking on the widget icon. Yodao, the search engine by Netease, released a similar widget for Wordpress users. After installment, it will analyze the blog post and then take Yodao blog search engine to find and display up to 5 blog posts related to each of your blog entry. But different from Sphere.com which require your readers to click on the widget icon, this widget from Yodao will show related blog posts just under the blog content. You can change the plugin option to only search your own blog for related posts, set the time frame for related blog posts, and tweak the color of the widget.

Money and Blogs

There are quite a few websites and blogs that talk about how to make money with blogs. In fact it is very true, right now I make money for you just being here. Take a moment and look over my blog look at every thing take your time. Now ask yourself what you saw was it Google's Adsense or maybe Adbrite, could it be Ads-Click? You know the answer, it is all those things and more. What about content you need to keep adding content to your blog all the time everyday. You can't just hope that you will write one great subject and everyone will agree and say that is the best damn post I ever read, I will come back to read that everyday. It does not work that way, all people disagree so the only thing you need to do is keep blogging and add affiliates and ad spots to your blog. The more you blog the more you get your blog noticed. You also need to go to Feedburner which can help you promote your blog another method and the most recent is Blogrush you can see the widget on the right hand side. You also want to share it on social bookmarks like Digg or Stumbleupon, Technorati they are tons of social pages out their. Admittedly I am not the best blogger if you haven't noticed but that does not stop me. One more thing it takes time to earn money from blogging it does not happen overnight its take allot of work and patients.

Tuesday, October 30, 2007

My first book, 'The Entrepreneur's Guide to Second Life,' is published

CNET.com by Daniel Terdiman

One of the things that separates the new News.com personal blogs, like this one, or Declan McCullagh's The Iconoclast, or Caroline McCarthy's The Social, from the larger, impersonal News.com blog, is that they are a place for us to write not just about what's going around us, but also what we're doing ourselves that's relevant. In my case, that's pretty easy because I live a lot of the things I write about. So there's a never-ending supply of blog fodder. And you get the benefits of that. Insert smiley here. Well, one of the things I've been doing for the last seven months is working on a book, and it was published on Monday. The title is The Entrepreneur's Guide to Second Life: Making Money in the Metaverse, and, as the title implies, it's a guide to planning, building and maintaining a profitable entrepreneurial venture in the popular virtual world. Read More

Top-Earning Dead Celebrities

By Forbes.com

The 13 legends in our seventh annual list of the Top-Earning Dead Celebrities grossed a combined $232 million in the past 12 months. Many are instantly recognizable one-name wonders (Elvis, Marilyn, Warhol) who still command attention worldwide, making them marketers' ideal pitchmen.

Indeed, all the members of this year's club are the lynchpins of enormously profitable--and growing--merchandising empires. Albert Einstein's name is used to peddle Baby Einstein DVDs. Theodor "Dr. Seuss" Geisel's books are a staple of every kiddie library on the planet. Hundreds of performances of You're a Good Man, Charlie Brown pad the portfolio of Peanuts creator Charles Schulz each year--as well as comic strips that are still syndicated daily in thousands of newspapers worldwide. More...
Read More

Saturday, October 27, 2007

Who'll rescue homeowners in the housing mess?

Money Central

Big banks and the feds are working to throw an $80 billion lifeline to companies holding bad loans. But no one seems interested in rescuing families who need just a little help.

By Jim Jubak
Banks to customers: Drop dead!!
Nobody in the financial industry is saying that in so many words. But their actions speak volumes. While bankers have plenty of time to negotiate the terms of an $80 billion fund to rescue their own mortgage portfolios, customers are getting a busy signal if they want to fix a problem mortgage before it explodes into foreclosure or bankruptcy.
According to a Moody's (MCO, news, msgs) survey of the mortgage companies that service about 80% of all subprime mortgages, lenders have eased terms on just 1% of the subprime mortgage loans that reset to higher interest rates in January, April and July of this year. That's a huge problem, again according to Moody's, because data indicate that between 5% and 15% of subprime loans that are current before they reset will go into default after reset they if they are not modified. "

Read More

Icahn tells BEA board to put Oracle bid to shareholders

MarketWatch

"SAN FRANCISCO (MarketWatch) -- Activist investor Carl Icahn said late Friday that BEA Systems Inc. should hold an auction to sell the company, opening the door to potential acquirer Oracle Corp. Oracle (ORCL:

Oracle Corporation
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ORCL 21.00, -0.18, -0.8%) has made an offer of $17 a share for BEA (BEAS:
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BEAS 16.50, -1.03, -5.9%) , though BEA's board of directors called the offer insufficient and countered that $21 a share is more appropriate. Icahn, who holds a significant stake in BEA, said in a letter to BEA's board that, "I view your public declaration of a $21 per share 'take it or leave it' price as a management entrenchment tactic, not a negotiating technique." Icahn suggested the board hold an open auction process for potential buyers, including Oracle. He also said he is commencing a lawsuit aimed at preventing the BEA board from taking "any action that would dilute voting by issuing stock, entrench management or derail a potential sale." "

The Corner Store with an Accent

Kiplinger Business Resource Center

"The British are coming, and U.S. retailers are none too thrilled. U.K. retail titan Tesco arrives stateside in November, opening the first of its planned 2,000 small Fresh & Easy grocery stores. The outlets, each covering about 10,000 square feet, will carry top quality prepared foods and other goods at Wal-Mart prices. Tesco's mammoth buying clout and super-efficient distribution system will help keep its costs down and its profits high.

The British chain has earmarked $2 billion so far to build these stores, which are roughly one-fifth the size of traditional supermarkets. "For years, the trend has been towards building bigger boxes and category killers [such as Bed, Bath & Beyond]. But now the tide is turning, with the emphasis on smaller format stores. Tesco is in the forefront," says Jim Hertel, a managing partner with Willard Bishop LLC., a retail consultancy." Read More

Sales Spider

I was pleasantly surprised by Sales Spider I just joined the free program and posted some free classified ads. The bonus with Sales Spider is while you promote your own products you are also earning money from Google's Adsense because Sale Spider integrates your Adsense account with it classifieds and networks. I joined because it was free and I wanted to see how effective it was. I am very pleased not only did I get two referrals from my classified ads I earned $4.75 in the two days I have been a member through Adsense, I strongly recommend you check Sales Spider out.

Thursday, October 25, 2007

Money and Marriage

When it comes to marriage and money allot of things can go wrong. I strongly believe that for both of the people involved you need to sit down and discuss your financial feelings. Here is a great video providing five tips.

Couples argue more about money than about sex, but not as much as they fight about the kids or taking out the garbage. 84% of our respondents note that money causes tension in their marriages, and 13% say they fight about money several times a month. The leading cause of dissension is disagreement about financial priorities.

Husbands and wives divvy up money-related tasks along very traditional lines. Men still tend to do most of the big-picture, long-term planning while women manage the household's day-to-day finances. The gender divide seems to conform to some of our hardest-to-shake stereotypes. Man hunt food; woman make cave pretty.

Above are some topics discussed at CNNMoney.com

Facebook and Microsoft

With the Facebook and Microsoft, the value of these two companies will be a great growth opportunity for the average investor. MSFT stock will probably reach a $50 dollar high by the end of this year. There is also speculation that Facebook may go public in the near future this is only speculation not a fact at this time but I would keep an eye on these two companies. I have been with Facebook for some time now and it amazes me with how fast this company has grown at an estimated 15 billion dollar value this could be a Google story all over again. Make sure you read about this more at Techcrunch and start preparing to invest with these giants.

Wednesday, October 24, 2007

Countrywides Refinance Plans

Countrywide financial's 16 billion dollar plan has many wondering if this will help ease some people from the edge of foreclosure. I personal think this will be great for home owners, however for the stock owners this is not the best of news.

clipped from money.cnn.com

Countrywide wins over critics

The company extends foreclosure-preventive assistance for almost all its hybrid ARM borrowers.

NEW YORK (CNNMoney.com) -- Some of Countrywide's harshest critics changed their tune this week after the mortgage lender rolled out new rescue programs.

Conrad Egan, President of the National Housing Conference, said the program "presents a strong model for how to preserve home ownership for at-risk families."

Gail Cunningham, a spokeswoman for the National Foundation for Credit Counseling, said, "Any move that helps struggling consumers is a positive. If you're one of these people, it's significant. It can be a life-changing event."

Bruce Marks of the Neighborhood Assistance Corporation of America, which has been one of Countrywide's most vocal critics, has now actually joined forces with the company.

For You Stock Investers

Hey I clipped this from my Yuwie blog and I hope you go and read it. The Updown is a site where people like you and I can make our own analyst on stocks and we can also earn money just by beating the market and referring friends. Now I know most of you who read this don't know me from Adam, but I would like to refer you if you would let me, if you don't want my referral go join for free anyway and have fun testing and analyzing your portfolio strategy. Below you can email me if you want the referral if not just go to Theupdown.com. I also wanted to show off one of my drawing that's the horse below.

clipped from www.yuwie.com

Have you heard of Updown you can invest in the stock market and if you beat the market you earn money. If you are interested email me HERE with the subject "Updown" and I will email you back with a referral.

Yuwie Numbers For the Month

The numbers have continued to grow at Yuwie, in fact the numbers grow so fast that Yuwie has to keep upgrading their servers. That general slows down the site and that is my only complaint. I can't complain about the people I have met, these are my latest friends and I hope that you join my circle of friends. I have been able to blog and share pictures, music, stories, movies and much more. So please come hang out with us and earn some money for free.