Tuesday, August 4, 2015

How to survive a Rip Tide


A rip current, commonly referred to simply as a rip, or by the misnomer "rip tide", is one specific kind of water current that can be found near beaches. It is a strong, localized, and rather narrow current of water. It is strongest near the surface of the water, and it moves directly away from the shore, cutting through the lines of breaking waves.

Rip currents can occur at any beach where there are breaking waves: on oceans, seas, and large lakes. The location of rip currents can be unpredictable: while some tend to reoccur always in the same place, others can appear and disappear suddenly at various locations near the beach

If you get caught in a rip current, don't panic, learn what to do.

If you are suddenly being pulled away from shore by a powerful rip current, what should you do? Historic advice was to swim parallel to the shore in order to get outside the current. Extensive study of these currents now indicate your odds are better if you stay still and tread water.

If you swim parallel to the shore, you have a 50% chance of swimming into a stronger current. Tread water and your chances of going back to shore within about three minutes is at 90%.

Rip currents are often not always easily identifiable to beach goers. A few things to look for:

  • A channel of churning, choppy water;
  • 
A line of sea foam, seaweed, or debris moving steadily seaward;

  • Different colored water beyond the surf zone; and
 A break in the incoming wave pattern as waves roll into shore.
None, one, or several of these may be visible and indicate the location of rip currents.

Is it an undertow, rip current or rip tide?

Undertow: After a wave breaks and runs up the beach, most of the water flows seaward. This backwash of water can trip waders, move them seaward, and make them susceptible to immersion from the next incoming wave.

Rip current: A relatively small-scale surf-zone current moving away from the beach. Rip currents form as waves disperse along the beach causing water to become trapped between the beach and a sandbar or other underwater feature. The water converges into a narrow, river-like channel moving away from the shore at high speed.

Rip tide: Often incorrectly used as the term for rip current, it’s a distinctly separate type of current that includes both ebb and flood tidal currents that are caused by egress and ingress of the tide through inlets and the mouths of estuaries and harbors.

Stay clear of man-made structures like piers, jetties, and breakwaters; as rips and dangerous currents are strongest around these. Waves normally break in long even lines over sandbars but will not break evenly next to a jetty.


If you are caught up in a rip and there are surfers or lifeguards around, tread water shout for help and raise your right arm as high as you can. This is the signal that you need help. (Raising your left arm signals that someone near you needs help.) You won't get swept out to sea, rips usually dissipate within 100 yards of the beach.

Source: the National Oceanic and Atmospheric Administration (NOAA).

READ MORE:

Rip Currents: Beach Safety, Physical Oceanography, and Wave Modeling: The culmination of research from over 100 coastal scientists, engineers, forecast meteorologists, lifeguard chiefs, and other practitioners from around the world who participated in the 1st International Rip Current Symposium. These experts identify advancements in research that will lead to a better understanding of the dynamics, mechanisms, and predictability of these dangerous currents, and lower the number of rip current drownings.


Tuesday, June 23, 2015

Invest Wisely. Save for Retirement. Tips to Build Up Savings

In finance, a portfolio is a collection of investments held by an investment company, hedge fund, financial institution or individual.


There are many types of portfolios including the market portfolio and the zero-investment portfolio. A portfolio's asset allocation may be managed utilizing any of the following investment approaches and principles: equal weighting, capitalization-weighting, price-weighting, risk parity, the capital asset pricing model, arbitrage pricing theory, the Jensen Index, the Treynor ratio, the Sharpe diagonal (or index) model, the value at risk model, modern portfolio theory and others.
I'll tell you why I like the cigarette business. … It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty. - Warren Buffett
There are several methods for calculating portfolio returns and performance. One traditional method is using quarterly or monthly money-weighted returns, however the true time-weighted method is a method preferred by many investors in financial markets. There are also several models for measuring the performance attribution of a portfolio's returns when compared to an index or benchmark, partly viewed as investment strategy. On freelancing websites Portfolio is considered as the past work which you had done or past shares which you have in any company.

Investing for retirement? There are many options, and here are the top three options:

Retirement accounts that is offered by your employer, such as a 401(k) or 403(b) plan. These plans are great deals because the money will grow tax-free until you withdraw it in retirement.

Tax-advantaged retirement accounts such as an IRA. Similar to a 401(k).
Regular investment account without any tax advantages.

If you are getting close to retiring, or are recently retired, now is the time to think about developing a strategy that seeks to generate income from your retirement portfolio. Make sure your asset allocation still meets your needs and risk tolerance and create a strategy to help meet your retirement income needs.

Where should you invest? That's the million dollar question, and many books claim to have an answer. The 3 main asset claasses are stocks, bonds and cash. Your retirement accounts should probably contain a mix of stocks and bonds, some cash too.



Calculators & Tools

Fidelity Planning & Guidance Center

Dave Ramsey Investment and Retirement Calculator

Bankrate Investment Calculator

Vanguard Tools and calculators

Helpful Links

CNBC's Warren Buffett Watch
Berkshire Hathaway Portfolio Tracker

Top ranking Financial Advisors and RIAs
This publication presents the lists of top financial advisors, Registered Investment Advisors (RIAs), and wealth management firms across the U.S. and U.K. that have been reviewed and rated in 2017.

Remember the most important rule of investing is, "Never Make an Investment if You Couldn't Afford a Total Loss."




Tuesday, January 27, 2015

Wednesday, December 10, 2014

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