Archive for July, 2007

The new car conundrum!

Hindsight is a wonderful thing, even though you sometimes kick yourself for being naive you usually lean a valuable lesson which you'll never forget!

During 2005 my old car decided to slowly die on me, developing numerous problems until it wasn't worth me paying for the parts to fix it, I then made the decision to get myself a spanking (nearly new) car. After much searching around (having fun) test driving various makes and models I decided on an 05 Honda Civic CTDI even though I fell in love with the type-R but couldn't justify the amount of fuel I would need to keep putting in, and the ridiculous insurance premium! A few days later I finally signed the paperwork and could go and get my (nearly) new car , the total cost came to £11,000. I paid off £8,000 straight away and took the extra £3,000 on Honda finance. For the past 2 year i have been paying off £101.06 precisely each month to clear the £3,000 debt on an £11,000 car the problem is, is that now it is only worth around £8,000.

So now the situation is, is that after this time next year I would have paid approx £11,636. for an item which will probably be worth £7,000 this time next year! This is the new car conundrum and will nearly always happen as generally new items (especially cars) loose a large percentage of their value quite quickly after the first couple of years as they are superseded by newer models and accumulate "wear and tear". As i say, hindsight is a wonderful thing and even though i am very happy with my lovely motor after giving myself some serious financial education over the past 2 year i probably would have done things a little different!

Theoretically Speaking

I could have spent half of my money on an older car which would still loose its value but it would be slower in decreasing value than a newer car. I then could have invested the other half in a high interest savings account, premium bonds, or shares or all of the above. This would have netted me a nice little profit in the same amount of time it will take me to pay off the remaining balance on my car. So instead of having spent £11,636 over 3 years and having only £7,000 to show for it (thats a £4,636 loss! makes me cringe) I could have a £2,000 car which I'd have spent £4,000 on with approx £4,700 in savings leaving me with £6,700 to show from my initial £8,000 (still a loss but only £1,300 over 3 year).

I thought I'd write this post as a littlefood for thought for anyone thinking about buying a brand new car not to put you off just to help with the decision making process! I expect I'll be holding on to my car for a good few years which over time will slowly decrease the loss percentage as the depreciation slows dow. In the mean time I'll still be putting a little as side each day for my Lotus!

A great place to start your financial wisdom is THIS BOOK!!!

Written by Andy Coates
Copyright: Andy Coates Dot Com
July 2007

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Win Euromillions <– What's this?

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The benefits of targeted traffic

Over the past 3 month Andy Coates Dot Com has averaged about 14,000 visitors (3,300 unique) per month for the past 3 month. Overall I have had 11,000 UNIQUE hits and this is the figure which can help dictate how much targeted traffic you are getting. Targeted traffic is generally traffic form visitors who have found your site whilst looking for a particular item or piece of information. Generally people can reach your site in various ways as targeted traffic, first of all there is the search engine result, secondly there is a link to your site from someone else's site, then you could be recommended by someone in an email or even if you are running AdWords or any other advertising program people pay get to your site by clicking on your advert. Because targeted traffic is people looking for a particular product, if you can satisfy their needs they are more likely to come back to your site. Also targeted traffic is more likely to increase your CTR by clicking on AdSense adverts during their research though the internet which takes us back to adverts delivering good targeted traffic! Not only does this apply to AdSense but if you have affiliate links to products, targeted traffic is much more likely to by the said product as-long as it is relevant to the page!

5 Ways to Increase your targeted traffic!

  1. When you begin to write an article do a little research into which keywords you should use within the post, check out my post Grow your blog organically.
  2. Visit "like" blogs and comment on relevant posts, there is a good chance other (targeted) people reading those posts may click on the link in the comments bringing targeted traffic to your site.
  3. Write some good "link Bait", this is content which is likely to get linked to by other webmasters here is an example with my post 5 Clever tips to protect your blog contnet
  4. Write "How To" posts, if you can pass on valuable relevant information on a "how To subject then there is a good chance you will be found by a search engine giving you more targeted traffic. Here is an example which delivers ALLOT of hits per day to my site. How to make a coin disappear
  5. Sign up to AdWords, depending on your budget it may or may not be worth joining AdWords. Because of the way it works AdWords does deliver very targeted traffic to your site!

Just remember that if you implement these techniques this wont happen overnight, be patient and they will come!

Written by Andy Coates
Copyright: Andy Coates Dot Com
July 2007

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Win the lottery <– What is this?

If you enjoyed this post please feel free to buy me a gingerbread late! mmmm!

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Advertise your site for free on almost any blog!

Social Blogging sites are great such as MyBlogLog, BlogCatalogue and many more, these enable blogger's to easily search other peoples blogs, interact and join each others communities and ultimately allows you to do a little extra promotion on your own blog. Nearly every blog out there now has the "recent readers" or "who's visited" widget which sits in the sidebar and displays the avatar of each person who has came to your blog. As long as you have registered with the particular social blogging site and uploaded your picture your avatar will be displayed whenever you visit someones blog with this particular widget on.


Here is an example of my recent readers widget from my blog log, if you are a member of MyBlogLog your avatar should be displayed, if not I'd recommend you register now! Heres the clever part, high traffic logs like John Chows has the "Recent Readers" included in his sidebar. If you take into consideration how much John charges to advertise on his blog you can see what a bargain you are getting by having your avatar displayed for FREE! Understandably with the amount of traffic going through Johns site, and any other high traffic site your avatar will not stay up there for long but for the time it is up there you could possibly get a few clicks through to your site and who knows, some of those may become regular readers! You could take this one step further and be just a little bit evil and visit the same High traffic blogs every 10 minutes or even better just get some software which will refresh the page every 10 minutes making sure you avatar is always plastered in the Recent Readers widget. Now if you wanted to be REALLY EVIL you could sign up for 10 MyBlogLog accounts all pointing to your site, this way you could have every avatar space pointing to you blog. This will probably more than likely get you banned but is food for thought.Written by Andy Coates
Copyright: Andy Coates Dot Com
July 2007

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Eurolottery results <– What is this?

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The power of a typing error!

Today has been a very interesting day for a particular share which I hold which has been performing well for the past 12 month but today has plummeted because of one small typing error. The Tanfield Group has been performing very well with the share price more than doubling since January that was until today when a journalist for he Financial times not only got his facts wrong but embellished them to make them doubly wrong! Below is a copy of the newspaper report.

'Tanfield Group, the electronic vehicle manufacturer, fell yesterday after a bearish note from Investec, the broker. It cut Tanfield's earnings forecast and slashed its price target from 186p to 108p. "The question is whether investors are willing to give the company further credit today for forecast delivery 30 months away, while a plethora of risks remain. We are not yet convinced," analyst Chris Dyett wrote.'

 

The actual figures should have been that the target price had been UPGRADED to 186p instead of SLASHED to 108p, upon this note may investors began to panic and allot of sells went through, bringing the share price down (well actually letting the Market Makers bring the share price down). This just shows how one small (but important) typing error can create such a stir. To read the full extent you can access the ADVFN (great shares website) forum and read the Tanfield: TAN message board. Even if your just interest in learning about shares and share dealing this is a great website to start: ADVFN

If you enjoyed this post please feel free to buy me a gingerbread late! mmmm!

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