Having a baby ? $5000 for you !

Yes, if you plan to have a baby, come to Australia ! $5,000 cash is waiting for you….

(Well, there is a bit of catch though: you need to be permanent resident or citizen to Australia – but this is another matter)

Started 1 July 2004, Australian government – with the intention of boosting the population and not merely depending on immigration – introduced $3000 one off cash payment of “baby bonus” for every parent that giving birth a baby. The amount increase to $5,000 from 1 July 2008.

I missed out the bonus. My daughter was born just couple weeks before 1 July 2004. This year, for my 2nd baby – expected a boy- I would also miss the $5,000 offer, as it’s predicted to be due on mid of June… (again? what a precise timing ) Instead, I would only received $4,187 – (2007’s rate).

For me, that money will help a lot in keeping the ongoing living. Having no maternity leave payment, my wife will be left without income at least for 3 months. In the meantime, my first daughter will still need to go to the child care as she really need the preparation to go to the ‘big school’ next year. With about $50 a day for day care, that money ($4,187) just short about to cover the 3 months worth of child care service while there will be of course additional cost for my newly-born son.

Then, when my wife is ready to go back to the workforce, there will be some serious calculation of the situation. She can still work and all the money she earns will go to the child care for 2 children (which will cost $100 a day!) -or- stay home as full time mom with no income from the work force.

I am pretty sure my situation is not uncommon among Australian mother….

But how to become full time mom (not working) but still having the income at least similar amount? Fortunately, with my endeavor in investing world, I found the very solution to that: E-minis trading !

I imagine she only need to trade 1-2 hours during night time (US market) or evening (European market) – we are in Sydney, Australia. Do probably 2 – 3 trades making $100 per trades. Of course, I don’t expect 100% trades is successful – no body can do this – but say making around $500 per week is achievable.

She did start learning. Without any background of share trading, I observed she actually learn faster than me when I learn it before. The problem with people with previous knowledge, they tend to resist the change and sometimes ridicule or question the validity of the new things that they don’t know – but based on the previous experience (which is not the same as the new one)…. That happened with me…

The other good thing as she started trading as a day trader, later on when she is doing the long term investing or short term share trading or option trading, she would already have all the attitude for a trader (no hesitation, act at the correct time, discipline, etc) and everything will be in slow motion as she will be looking at daily chart instead of minutes chart or daily chart. I would imagine that will make share trading become soo easy….

Now – with her big belly and kicking from the excited baby inside, she is on her paper trading simulation. Can you imagine ? My wife is on Ninja Trader with E-signal on both screen ? I can not believe it myself……

It seems pretty much everything is on track. So when that $4187 come to my account, probably I can transfer it straight away to my trading account — Please don’t tell my wife….

Uhmm… if you want to know some more about E-minis trading, click here: e-minis trading