Originally posted on Fixed Income Alternatives:

If you are just starting to learn about structured products, or even if you have been at it for a while, sometimes the vocabulary can be a bit confusing and daunting.  Just the concept of a structured product can take a little time to wrap one’s mind around.  I talk a lot about structured products, their terms, benefits, risks, et al, but I need to be clear what, exactly, I am talking about.   

The term structured product has various meanings depending on which investor or commentator is using it.  For example, a commentator on the Enron collapse may discuss structured products when describing the Special Investment Vehicles (SIV) that were used to move underperforming assets off of their balance-sheet.  Or, an institutional bond trader or salesman may talk of structured products and mean a structured asset backed security, like a synthetic collateralized debt obligation.

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Originally posted on xero ankh:

What I gave: flowers and chocolate for free

What I received: $30 in two hours, a bullet (yes, a bullet from a gun), a cookie, a bottle of water, really great compliments, questions about purpose.

What I’ve learned: People are really nice sometimes. I’m still trying to wrap my head around the fact that people actually gave me money for standing still and giving out flowers and chocolate. Someone gave me a ten dollar bill. Someone bought a cookie and water and gave it to me.

I have to wonder if the “service” I was providing was worth the money I got.

Maybe I shouldn’t look a gift horse in the mouth.

If people think what you’re doing is worth it, they’ll let you know.

And if they think what you’re doing is not worth it…you bet your ass they’ll let you know about that also.

Maybe it was enough…

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