## Fixed Fractional Money Management

Trading totally at random with a 50% winning percentage and an R multiple of 1 yields no advantage, as one naturally expects. Remember that an R multiple is the average win divided by the average loss. Such a system poses neither an advantage or disadvantage. The average outcome should come out extremely close to the starting balance.

Most traders focus on risking a set dollar amount such as \$ 1,000 on a given trade. Fixed fractional money management updates that dollar figure after every single trade. It changes the overall outcome after you add up all the winners and all of the losers. Remember that trading is the net outcome of several hundred trades or even thousands of trades. The power of a position sizing or betting strategy comes into play as the number of trades increases.

Fixed fractional money management stretches some portions of the bell curve and compresses other regions. Before we get into that, it's important to remember what fixed fractional money management means. It stands for the idea of ​​risking a set percentage of the current account equity rather than the starting equity.

Consider an example where the account balance starts at \$ 100,000 risking 1%. Both methods risk the same amount on the first trade, \$ 1,000. The next trade, however, will yield a different risk amount. A win on the previous trade would increase the account equity to \$ 101,000. One percent of a 101 grand is \$ 1,010 of risk on the next trade. A whopping ten dollar change.

That may seem trivial. It is most certainly not over the long run.

Examples

Consider a trader that plays a coin toss game and has a system with the following characteristics:

He starts with a \$ 100, 000 account balance
His R multiple is 1.0
He wins 50% of the time with no trading costs
He risks 1%

A flip of heads means that he wins. He loses when the coin lands on tails.

The absolute worst outcome of playing the coin toss with a fixed dollar risk of \$ 1,000 is a loss of \$ 46,000. Adding fixed fractional money management during that difficult drawdown improves the drawdown to a less substantial loss of \$ 37,500. The worst drawdown goes from -46% to -37.5%. The method drags the absolute worst case scenario and pulls it closer to the average. When an unlucky, devastating drawdown kicks in, the technique reduces the losses that the trader experiences.

The best case scenario for fixed dollar risk is a \$ 58,000 (58%) return. Adding money management to the system dramatically stretches the best case scenario further to the right. It improves to a \$ 76,000 return (76%). The good times get a lot better without changing anything at all about the trading system. The method stretches positive returns away from the average. The trader walks away with more money in his pocket.

The natural instinct is to conclude that fixed fractional money management is the way to …

## Personal Finances and Debt Management

Income is hard-earned and precious in terms of future needs. Don't think of it as 'easy come, easy go' as many are all too wiling to do. To ensure one can manage one's needs and not go into debt it is advisable to put some aside each income day. That little next will grow in time and when emergencies arise it will be on hand. If, on the other hand, one has already stuck bad times and has debts as a result then there is a way of managing it.

For this exercise you need a special book. It can be an exercise book in which you rule some columns, or the more specialized ledger bought from the store. On one page you need to write all your debts, include such things as rent, expected cost of shopping, and such. It matters not the quantity or size at this stage. Make a total at the bottom.

On the opposite page write out all your income. You will quickly see how much short you are between the two columns. Now here comes the tricky bit.

Subtract the rent and expected shopping from the spending total. Now decide what are the most pressing bills you have to pay and the total of them? Ring each company and offer a smaller payment per week or fortnight over the next couple of months. Don't over reach yourself and make sure this is doable.

Make a note of this commitment on the debit side and total that to the rent and shopping amounts and make sure you have covered them. Now take a little extra, whatever you can afford, even if it's as low as \$ 5 or \$ 10 and slip that into an envelope and put it in a safe place. Don't spend a cent unnecessarily. Forget the cups of coffee and luxury items because they don't fit the budget.

Slowly work your way out the debt situation and don't buy anything for which you can't pay cash. Cut up the credit card and use only cash to purchase your goods. Rent can be paid through the b-pay system is possible, along with the bills from other companies. This will save you time and effort in running around.

This program works and all it takes is discipline and time to work out the budget and stick to it. In time the little bit you set aside each income day will give you security to deal with the unexpected humps as they arise. They might also be enough to provide an outing or a holiday once in a while. Under no circumstances relax about managing debt because you will never regret it.

## Using \$ 15,000 Personal Loans For Bad Credit Management Purposes

Getting our hands on a meaningful loan – one that can make a real difference to our financial situation – is not the simplest thing when we have bad credit scores to our name. The perceived risk involved in lending to us is what makes traditional lenders nervous. Well, the good news is that applications for a \$ 15,000 personal loan for bad credit management purposes are different to others.

Lenders do not like to think the funds a borrower has taken from them will be spent frivolously. So, there is a major difference between seeking a \$ 15,000 loan and a \$ 15,000 loan for the express propose of dealing with debts and bad credit issues. Granting approval to clear debts makes sense to them.

But there is never a guarantee of approval, so even with the best intentions, it is important to meet criteria and satisfy conditions. That is why it is worth enhancing your application in simple ways to increase the chances of securing a personal loan.

Making Sure Of Qualification

As already mentioned, it would be foolish to think that getting a \$ 15,000 personal loan for bad credit improvement is going to be a walk in the park. Applicants still need to qualify for these loans, and there is a need to prove that the repayments would not be too much to handle either.

Of course, there is nothing new to qualifying for a loan, with applications needing to be 18 or more, be either a US citizen or be legally entitled to reside in the US, and they must prove they have a reliable source of income. In fact, most lenders now set a condition that the applicant be employed full-time for at least 6 months before applying.

Seeking loan approval to clear debts is an impressive purpose in the eyes of any lender, but be aware that only if the loan is affordable will approval be granted. For this to be proven, existing debts need to be low, and for the personal loan repayments to keep the overall debt obligations within the 40:60 debt-to-income ratio.

The challenge of securing a \$ 15,000 personal loan (for bad credit borrowers especially) is to show the repayments are affordable. The debt-to-income ratio is significant in that, but a core part of improving that ratio is actually in improving your credit rating.

Accomplishing both comes down to clearing some of your debts. Each debt that is paid off results in the credit score being increased, while the fact that debt is gone means an improvement in the debt-to-income ratio, with extra cash freed up in the process. Taking out a small loan – perhaps a payday loan of \$ 500 – can make a difference.

Of course, while seeking approval to clear debts may be a good reason in the first place, the chance of lowering the size of the monthly repayments, and making the larger personal loan affordable, is too good to ignore. …

## Basics of Money Management

Money plays an important part in our every day lives and making the most of what we have will help us live a life free of financial pressures. By learning some basic rules, you can make life easier for yourself and for those who depend on you. Here are my basic rules.

Rule one. Don’t borrow money for consumable goods. What are consumable goods? They are stuff that lose value over time. Stuff you want but can live without. Examples are electronics, subscriptions to magazines, auto mobiles etc.

Rule two. Live within your means. In other words, spend less than you make. I know that may sound hard if you are on a tight budget but to just take easy credit when it is available to you is simply inviting financial disaster.

Rule three. Become financially educated. This can only be done by reading all you can about the various investment options available to you. There is really no excuse for not being kept up to date with all of the financial news because there is so much information on financial matters available on and offline.

Rule four. Diversify. A mistake that some investors have made in the past is to put all of their eggs in the one basket only to find that the company they invested their money in went bellyup. Prudent investors diversify. That is spread their money around in various companies to minimize their risk.

Rule five. Keep good company. There are people about who have bad attitudes toward financial planning and money in general and if you spend too much time with these people there attitudes can affect your thinking.

Rule six. Take responsibility for your own finances. Some people will ask others for advice just so that they have someone to blame if things do not work out for them. A financial advisor will tell you to do this or that but at the end of the day it is your money and you are the one who reaps the rewards when the markets are up or takes a hit when they are down.

Rule seven. Take a long-term view of your investments. Investing your savings is a long-term game and in order to take advantage of the gains in the markets you have to take a hit occasionally which means not panicking when the markets are going down.

Rule eight. Keep the big picture in mind. In other words have a target or goal in mind. Are you saving for a house deposit or your retirement?

## The Amazing Money Management System For Horse Racing Handicappers

Horse handicappers throughout the years have professed that money management is the key to successful handicapping. I believe this to be 100% accurate nothing could be more truthful. If you don’t currently have a money management system the only thing you are handicapping is yourself. There comes a time when you have tell yourself “I have to develop a money management system.”

The best part with using a horse racing money management system is that you actually don’t have to develop one yourself. At absolutely no cost to yourself here is one that has been used for years by professional horse racing handicappers. I use it myself and its truly amazing!! You can test different methods without losing much money and if its working your profits will soar.

This Money Management Program is Unbelievable

There has been a ton of research on different money management strategies and the findings show this to be very profitable in horse racing.

A.) The majority of one’s capital must be allocated to win betting.

B.) Handicappers should be more when they are winning and less when they are losing.

C.) Progressive methods and due-column methods, which require heavier bets after losses until next win bet are ruinous.

D.) The most useful way to evaluate a money management strategy is to submit it to a risk- benefit analysis. The most effective methods minimizing risk while they maximize gain.

The base bet recommended for this money management program starts is \$2

This is simply based on BB(Base bet)+ SR(square root of profits)

Using this a handicappers every bet to win is equal to \$2 plus the square root of any profits that have accumulated if no profits have accumulated, the bettor’s bet remains \$2 which is the minimum risk at most tracks. As your profits do grow the bettor finds the amount to be added to \$2 by referring to a simple square root table which is below. This method is a low risk to trying different handicapping methods and you can grow your bankroll quickly with the profits. This is something EVERY handicapper should put into place if serious about making money. it’s a systematic method for money management and gives one discipline with finances and relieves one of having anxieties that usually result from an unsystematic money management. The \$2 base bet of BB + SR assures handicappers that betting is minimal risk.

Here is a small four race sequence in which the first horse lost and the next 3 did win the race to represent this program in practice:

P/L is if this continued for 10 races at this current ratio of win/losses

Base Bet S.R. Total Bet Payoff P/L P/Lx10

#1 \$2.00 X \$2.00 Loss -\$2.00 -\$20.00

#2 \$2.00 X \$2.00 \$15.20 \$15.20 \$112.00

#3 \$2.00 \$3.00 \$5.00 \$4.40 \$17.20 \$172.00

#4 \$2.00 \$6.00 \$4.00 \$5.00 \$26.20 \$262.00

The square root table is listed below.

\$0-2 \$1

\$3-6 \$2

\$7-12 \$3

\$12-20 \$4

\$21-30 \$5

\$31-42 \$6

\$43-56 \$7…

## Sports Betting Money Management Secret

It can be extremely dangerous to bet out of control. Take my word for it, do not learn this lesson through experience.

Here is the # 1 Law of money management: Never Gamble With Money That You Cannot Afford To Lose.

Successful sports bettors all have at least this in common – they know how to properly manage their money. Superior handicapping / betting skills alone do not make one a winning player. To win, you must want to win bad enough so that you will be careful enough not to give your money back to the bookies.

This is a very important concept. Once you have won money from a bookie or sports book, that money is yours. Keep it that way. Subconsciously, the bettors that think of the money as not belonging to them tend to give it back immediately.

So start training yourself to think of the money as yours as soon as it has been won – because IT IS YOURS! Now you will not be so quick to give it back.

Also, do not gamble with needed funds no matter how "sure" the bet may seem at the time. The possibility of loss is always very real. And by loss I mean financially and emotionally. Gambling with money that is necessary for something else is a sure fire way to get yourself all emotional about it. And then who knows how desperate you will get.

Playing under escalated anxiety not only ruins all the fun and stresses you the hell out, but it also probably destroys your ability to make sound decisions and win your bets! That's right. Bets made under duress and usually bad bets. So play the game strategically so that is easy for you not to get emotional.

## Rotaract Club Of University Of Colombo, Faculty Of Management & Finance

We use cookies to optimise the design and performance of our web sites. In 2007 he furthermore worked as a specialist on retirement provision and capital investments for VZBV (Federal Association of Customer information Centers – the state’s “customer voice”) in Berlin. His background will serve him effectively now that he has joined UVAFinance as Senior Director for Finance Strategic Projects.

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## Rotaract Club Of University Of Colombo, Faculty Of Management & Finance (2)

James Gorman is no stranger to managing big-scale adjust. Après, toute la query est de voir s’il est plutôt constructif ou… destructeur. But a specifically novel obtaining of this paper is that Taylor is capable to document unfavorable long-run effects of such short-termism. Pour le coup, les habitants de cet Etat deviendraient vraiment pauvres !

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