They’ve been called the Sex and the City Generation. Women with more interest in high fashion and owning several dozen shoes than in smart investment and a solid retirement plan. Usually between the ages of twenty five and forty. Typically seen (and sometimes rightfully so) as materialistic and short sighted, here’s the ironic part: A recent study conducted by Alliance and Leicester has shown that, in the UK, about eighty percent of women have made significant changes of late to spending habits so as to splurge and indulge less, and to invest more.
Interesting to note that, while generally seen as the sex with a looser grasp on the value of money, about one out of three women have been paying attention, and are pretty sure we’re heading into a recession. Meanwhile, only one in four men agree. All of this runs directly against the dumb, misogynist stereotypes women have to face.
In other words, the vast majority of Sex and the City fans understand that the show is basically fantasy.
However, while eighty percent of women understand that the economic crunch means saving, not splurging, there’s still that twenty percent who are likely to have a closet full of outdated fashion items and not a dime in their retirement account once they leave the workforce.
In contrast, men tend to sit somewhere in between the two extremes of responsibility.
The UK government is taking some measures to address this problem by trying to encourage young people to invest. Admittedly, there is only so much the UK government can do; an investment always falls upon the shoulders of the investor.
One step that most of us could probably agree with would be the UK Government’s legislation, through the UK treasury, to remove all taxation on arbitrage gaming.
For reference, arbitrage gaming is a form of betting wherein the investor will place a bet with two separate bookmakers in such a way that their money is covered. To put it another way, the internet allows us to find betting opportunities all around the entire world, and if say, Scotland and Spain are having a football game, you’ll probably find the odds favouring Scotland in Scotland, and favouring Spain in Spain. In other words, you can place a bet on either team in either country, and probably have enough of a margin between what you stand to win and the initial investment to make it worth your while, and completely risk free (not to mention tax free).
The process is made a whole lot easier with software like ArbAlarm, which can find these opportunities and weigh the math to save you the time.
If you’d like to learn more before giving it a try, check out Sports-Arbitrage, How to Place Riskless Bets and Create Tax-Free Investments”, which should provide more than enough information to get you started.
Keep in mind, arbitrage gaming is not gambling. It is betting, but gambling involves some degree of risk. Arbitrage gaming is a method of playing the odds as such that you don’t stand to lose anything, regardless of the outcome. Many arbitrage traders make an average of twelve percent on their monthly arbitrage investments.