Financial Information

Just about Financial

You are here: Home - Las Vegas


Tag Archives: Las Vegas

The History Of Divorce In The Us

The history of divorce is a long one. It has, as French philosopher Voltaire put it, likely been around since the advent of formalized marriage. While Voltaire may have referred to the susceptibility of marriage to collapse even in a loving union, divorce also applies to the legal dissolution that has resulted from disagreements amongst couples over the years in the Western world.

Legal divorce began as early as the sixteenth century in Europe as a firm rejection by Protestant leaders against Catholic institutions, such as marriage. And while the Protestants supported the legal proceedings of divorce and claimed that Catholic divorce-equivalents, such as annulments that were primarily used to break off bigamous relationships, were easy to obtain, very few married couple ever filed for divorce or annulments. Soon after, however, the granting of divorce began emerging from secular sources of power in Switzerland and later the U.K. The cases for divorce during this time were based on some fault of the defendant, though the guidelines were described in religious terms, such as from the Bible.

In America, the fault-based process of divorce remained mostly intact when the colonists arrived. A complete divorce-while necessary to prevent the moral complications of separated-but-married status-was possible, but very hard to get. As the 13 colonies became the 50 United States, the grounds for divorce had to be concrete, which enabled the ostensibly innocent or injured party to get relief in the form of the actual divorce. The reasons included desertion, adultery, regular inebriation and impotence, as well as the classic cruel and abusive treatment. While it was in the interest of the state to sustain marriages, the plaintiff had to come up with solid reasoning even when both parties wanted the divorce. It essentially had to be presented as a fight or fault-based case.

Around the mid-1950s in the U.S. several court rulings and state laws clearly recognized the many instances of no-fault reasons to end marriages. These included long-term separation, instances of incompatibility and loss of sanity. In practical terms, though, no-fault legislation was hard to use to actually provide a divorce for couples. It seemed that attorneys and judges were still driven by social mores that established the finality of marriage. Couples seeking divorce and their lawyers still had to fabricate their cases in a way that applied to established grounds most of the time. Ironically, as more people became married more than once in their lifetime and divorce was seen as less morally compromised, judges and attorneys had to sustain the fault-based divorce system to expedite the divorces easily.

Many states had many different reasons for divorce, from clear-cut adultery to major physical abuse. Some, however, were limited to just a few finite grounds, as in such East Coast states as Massachusetts, New York, Pennsylvania, Maryland and others. For this reason, many couples seeking divorces would travel to other states, typically out West to a divorce refuge like Nevada or California, to gain their divorce. Many of these places, it must be added, made for easy and virtually instant marriages, too, like Las Vegas. When the divorce became legal, the couple would return to their original state to proceed with their now separate lives as usual. The trends were recognized by legislators, however, in states like New York, whereby a couple could travel to Mexico, live there just 24 hours and legally file for a divorce that would be recognized back in New York. They also recognized that those who had no means to leave the country for their divorces needed their rights protected, as well.

Yet it wasn’t until the 1970s that the U.S. instituted no-fault divorces that were easily obtainable. The U.S. took the cue from the U.K., which spearheaded divorce reform legislature. Judges in the U.K. could simply issue a divorce decree when a couple’s marriage was clearly irreparably damaged. California soon recognized the success of this approach and enacted its own law soon after. Laws like the Uniform Marriage and Divorce Act soon spread across the country.

This method of divorce has been criticized by those who see that attorneys and judges may drag their feet because the grounds are so simple and open-ended, thus causing major family, employment and financial disruption amongst all of the parties involved. It has also been said that this kind of simple divorce has broken important bonds, and will continue to compromise the institution of the family.

In the contemporary U.S., the rate of divorce peaked in the 1980s almost one half of all marriages ending in dissolution. Many now say that it is not so much the laws granting easy divorce that have enabled so many to break apart their formal relationships, but several other reasons, such as increased women’s earning power, greater acceptance of divorce and-most prominently-the desire for “the pursuit of happiness,” in this case the ability to find a better spouse.

Typically, in the course of a divorce, an ex-husband will pay his ex-wife alimony for a discrete length of time. There are some states, however, that permit the reversal of that arrangement if the woman is the major breadwinner. If the couple has any children, custody can go to either or both parents, with visitation and custody settled between the parties as part of the divorce agreement.

Ultimately, divorce may be a necessary event for some to make the remainder of their lives reasonable and happy for all involved. When divorce becomes a possibility in your life, it is always best to enlist the aid of an attorney versed in comprehensive family and divorce law.

How To Start A Day Trading Business-seven Steps To Day Trading Profit

Before everything else, what exactly is day trading? As per Wikipedias definition, Daytrading represents the practice of selling and buying financial instruments (such as stocks, futures, options, etc.) as a way to generate a return within the same trading day. Traders that practice day trading are called active traders or day traders.

Day trading, like any other business professions, needs serious education, quality planning, and plenty of practice. Numerous beginners enter the daytrading business each day in hope of making quick cash. But just a few of those who get properly educated, possess a good trading plan and self-control can survive and thrive in the business. Many of them make lots of money every day trading only for a couple of hours, and spend the remainder of their days freely with their family and friends, doing whatever they love to do.

But how to become a good day trader and make real money in the market? Lets take a look at the idea:

Step 1. We need to give ourselves a thorough education on the financial market. We should find out what financial instruments can be found in the market, and what instruments go well with our day traders best. Next we need to familiarize ourselves with the various day trading strategies and try to find one that fits us the best. Search engines including Google and Yahoo are great places to find day trading courses and strategies. We’ll need to carry out our in depth analysis and utilize our own judgment to find the right one that fits us most. We should also equip ourselves with the trading tools such as market research tools, realtime trading software, and find and sign-up with a trustful discount broker.

Step 2. Once we have determined our trading strategy, the next task is to write up a trading plan. Yes, we should put our trading plan in paper. Within this trading plan, we will outline our mission statement-what we wish to achieve in day trading? What are our short term and long-term objectives? Do we want to get a little extra income aside from our regular job, or will we wish to turn into financially independent by doing day trading? We will also want to prepare an in depth plan on our daily trading activities that include pre-market research, our entry and exit strategy, and our after-market groundwork.

Step 3. Set up an account for paper trading. Once we have written up our trading plan, we are set out to test the water by paper trading or carrying out trading simulation. This is very essential as we do not wish to risk our real money before we’re comfortable with the game. There are lots of trading simulation software readily available for free on the market and we may also check out with our broker to see if they provide a real-time trading simulation platform. When doing simulation, attempt to consider ourselves as trading with our real money and act according to our trading plans.

Step 4. Set a daily limit, both for profit and for loss. After we have built up self-confidence in day trading, we try to trade once or twice a week with real money. It is very important set a daily limit for both profit and loss. For example, we can set a daily profit target at $200, and a loss limit of $100. Once we have reached either limit, we should stop trading. Turn off your computer, go out and take a walk or have a cup of tea. Never over-trade.

Step 5. Have a good money management system in place. Before we enter each trade, we ought to evaluate our worst case scenario. How much money we can afford to lose in each trade we enter if we happen to lose in every single trade we made for the day? Knowing our maximum affordable loss for each trade is important as we will deliberately limit our size of entry and set up our stop loss even before our trade. This can prevent us from losing big and keep us in the game.

Step 6. Fix our emotion issues through writing trade logs. For day traders, keeping our emotions in check is a big challenge and need much disciple and exercise. Every day, we may be distracted by numerous emotions such as fear, pride, ego, etc. These emotions may prevent us from following our trading plans and eventually deteriorate our confidence. An effective way to fix this issue is to write trade logs regularly on a daily basis. When writing logs, we will analyze each trading action and record the actual logic or emotion behind trade. When we see ourselves fall in the trap of emotions, we will remind ourselves not to make the same mistake the next time. By practicing this plenty of time, we will train our mind to follow the logic and keep our emotions in check.

Step 7. Reward ourselves when we abide by our rules. Whenever we follow our strategy or trading plan to the letter, regardless of a winning or a losing trade, we need to give ourselves a big pat on the back, because we have conquered our emotions and made a big leap toward day trading success and financial freedom. When we have achieved our short term target, we should not forget to reward ourselves for the hard work and achievement. Be it a trip to Las Vegas or a cool iPad, put this in our trading plan as it will motivate us to achieve our goal. In the end, we deserve it anyway.

Tags: