Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
JPMorgan, the nation's largest bank, announced this week it recently lost at least $2 billion by investing in hedge funds. The bank apparently was trying to hedge its investments with the same sort of shaky investment strategies that got us all in this financial mess several years ago.
In a case of deja vu all over again, officials with the bank said a complex hedging strategy backfired and led to the losses over a six-week period. Other losses may still be coming and other banks also might be preparing to release their own, similar, statements.
As hedge funds have a way of doing, it appears this one backfired.
"The portfolio has proved to be riskier, more volatile and less effective as an economic hedge than we thought," bank CEO Jamie Dimon said in a conference call to investors. That call was monitored by MSNBC and other news outlets. The MSNBC article is here. "There were many errors, sloppiness and bad judgment," Dimon said.
Dimon went on to say the flawed hedge strategy was "poorly constructed, poorly reviewed, poorly executed, and poorly monitored."
In response to the news, the company's stock price fell by 6 percent in after hours trading Thursday. The news even hurt other bank stocks with Citigroup and Bank of America also taking a hit.
The fund apparently was designed to offer protection from global credit risk. Instead, it potentially could lead to another $1 billion in losses for JPMorgan this fiscal quarter.
The losses come from betting on derivatives - a practice that led to much of the problems faced by the banks in 2008.
In a culture where some corporations are considered too big to fail, JPMorgan is the biggest of all. The company's losses come as Congress is currently debating new regulation that would limit some risk taking by banks - especially since taxpayers can be left holding the bill.
I have an idea. Perhaps Congress should require large banks to send their decision makers back to college to revisit some entry level business classes. What is not clear is how large of bonuses JPMorgan officials probably will instead receive for making such an expensive screw-up.
So far it remains unclear how large of an impact the losses will have on the broaded market and the economy in general. Stocks were set to open lower Friday as investors prepared to react to the news. Futures were down for the Dow Jones, Nasdaq and S&P 500.
Apparently, the investments were made in an attempt by the bank to protect itself from the on-going political uncertainty in Europe.
Grant Sasek works for Real Estate Pipeline, an on-line lead generation service.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.