All of us make financial mistakes, and research in the new fields of evolutionary economics and behavioral economics are starting to explain why. It will be good to have this knowledge someday. But in the meantime, here are ten of the more common money mistakes you may be making, so you can start correcting them now.
1. Making A Competition Of Financial Decisions
Trying to "beat" anyone else in a financial transaction is a bad habit, unless you are playing poker or negotiating a business or investment deal. The first people to buy new technology get to show it off, but they also get the worst version at the highest price. If you "win" at an auction it means you paid more than anyone else was willing to pay. Looked at that way it doesn't seem so smart.
Evolutionary economics explains why we feel this need to "win." It developed as a way to gain a better position in the tribe, which increased one's survival odds thousands of years ago. This tendency of ours is of very little value in a modern economy, so ignoring such urges is wiser.
2. Believing You Are Owed Something
Nobody owes you a thing unless you have a contract or a promise. Dwelling on what is "owed" to you is a financial mistake because it gets in the way of doing what is necessary. And why does anyone owe you a thing? For example, health insurance came to be expected of large employers based on nothing more than the fact that many provided it. Had enough companies provided cars to employees, we would think we are "owed" a car by our employer.
Forget what is "owed" to you. Just work honestly to get what you can. Ask for a raise, but if you're not paid enough, find another job. Collect that unemployment benefit if it's available, but don't think others have an obligation to provide your income for you. Once you stop looking for your "due" you can start looking at how to make money and create what you need for yourself. Usually this means seeing what others want, and finding a way to provide it for a paycheck or a profit.
3. Believing Value Is About Prices
Suppose a television normally sells for $900 and is on sale for $400. Is that a good value? Most people may think so, but the value of personal items is measured by what the individual user needs. If you're as happy with a $200 television, then the other is over-priced from your perspective. Such personal purchases are worth only what it makes sense for you to pay. If a $20,000 car is worth just $3,000 to you, then that's that (and you don't buy it).
4. Believing Value Is All About You
I once saw a man lose $30,000 by pricing his home too high and leaving it empty for years - one of the more common financial mistakes. With investments, value has nothing to do with what you think a thing is worth. The only important measure is what the market will pay for it.
People often confuse personal consumption items with investments, thinking, for example, that a car is an investment. A $22,000 kitchen remodeling project isn't an investment either, if future buyers will pay only $10,000 more for the home afterwards. The owner might like to think it added $30,000 in value, but his ideas are irrelevant. He better enjoy that new stove and cupboards, because they were not investments, but a $12,000 personal purchase (that's his net loss).
5. Believing High Profits Are Unfair
In any honest sale, the price is fair, or it wouldn't have been paid. Consider if your own house had a market value of $400,000 and you wanted to sell it. Would you lower the price to make it more "fair?" Not likely, so why expect any business to charge less than what the market dictates?
How much profit is made on something is entirely irrelevant to what its value is. Your choice is to buy it or not. It's a financial mistake to waste time complaining about a profit you would gladly accept if you were on the other side of the transaction. The truth is that you wouldn't buy it if it wasn't a fair price, and nobody (in a free country) is forcing you to. Spend your energy looking for a better alternative or finding ways to make more money instead.
Saturday, September 6, 2008
5 Simple Money Rules
The idea of tackling their financial situation often intimidates people. They feel as if the situation is too large, too overwhelming, to be tackled, and so they adopt the Ostrich mentality (ie sticking their head in the ground) and say things like "I will sort out my finances when I get my "big break"... at least, I know I did!
But the reality is that there are several small, simple things that anyone can do to improve their financial situation right away, things that will lay great ground work to build on over the course of people's creative careers.
Pay Yourself First
This really is the corner stone of any long term financial stability, let alone wealth. What this actually means is simply that, every month, you are putting a set percentage of your income into a high interest savings account, and not touching it until you are ready to invest with that money. And that is the key. This is not the "rainy day" account that you dip into when things get hard, nor is this the "splurge" account to get something special for yourself as a celebration. Money is only withdrawn from this account to buy assets with - an asset being defined in this case as something that either makes you money, or appreciates (increases) in value (so a new car would not be an asset under this definition!). Do this consistently and, over time, you will build up a very nice amount of cash to be investing with.
Regular Money Days - records & Organization
A "Money Day" is simply a day that you set aside to work on your finances. Now, it does not have to be a whole day, of course - unless your situation merits it... usually because you haven't done one for a long time! Personally, I set aside a couple of hours every other week, and then a meeting with my accountant over the phone every couple of months. Doing this accomplishes two things: it keeps your accounts in impeccable order, and it allows you not to think about your finances between times, freeing you up to think about and do other things... like your art
Fore-cast your spending
Forecasting is the process of allocating where your money will be spent. You start by going through your Chart of Expenses (email us at mailto:info@abundancebound.com if you need one of these), and finding out where and how you currently spend your money. You then go through that list, and determine which categories cannot change (rent, for example) and which ones can (groceries, entertainment etc). Having got that list, you can then make strong, educated decisions about where you choose to spend your money... as opposed to just blindly trying to cut out Starbucks or eating out. And that is the big difference between this process and traditional budgeting. We never suggest eliminating a category, as we have all heard "absence makes the heart grow fonder". But as opposed to going to Starbucks every day, can you go every other day? Or order a Tall instead of a Venti? Doing this in several areas can make a huge difference to your overall spending.
Keep business separate from personal
Many of us do something called "co-mingling": we operate our entire lives out of a personal checking account. The problem with this is that no "real" business does this - you would never see the CEO of Kinkos write a check for the company out of his personal account. What we need to do, at the very least, is set up a DBA (Doing Business As) account (www.legalzoom.com can help with this) for our artistic career, and get a business bank account associated with that DBA. Not only does this then allow us to clearly see what we are spending and earning through our acting career or art sales, but it also legitimizes the tax deductions we take due to our art - the IRS can clearly see that we are running our career as a business, not as a hobby. The reason this is important? Business expenses are deductible, hobby expenses are not (this distinction can hurt, to the tune of thousands of dollars of back taxes: one of our students got nailed this way)
Regular financial education
Keep doing what you are doing right now! We take time to go to art school, acting classes, workshops... but we expect our finances - something most of us have never worked on (a fundamental problem with our education system, and something we will address in a separate article) - to somehow take care of themselves. Not only is this not realistic, it is dangerous, as we can make numerous serious mistakes blundering around while we try and find our financial way. The biggest reason people stop pursuing their artistic careers is lack of money. Knowing this, doesn't it make sense to put some time into financial education now, so that you are around for the long term? We read all the time about people only breaking out in their forties: wouldn't it have been sad if they had had to leave the arts before then because they had to make money? And wouldn't it be sad if that was going to happen to you... and you had to quit for the same reason? So carve out some time now to learn about money - it will be well worth it in the long run.
So there you have it - five simple things you can implement right now that will significantly improve your financial picture over the coming months and years. Incorporating all of these things into you daily and weekly lives is only a tiny time commitment of time, but the dividends from doing so can last a lifetime.
But the reality is that there are several small, simple things that anyone can do to improve their financial situation right away, things that will lay great ground work to build on over the course of people's creative careers.
Pay Yourself First
This really is the corner stone of any long term financial stability, let alone wealth. What this actually means is simply that, every month, you are putting a set percentage of your income into a high interest savings account, and not touching it until you are ready to invest with that money. And that is the key. This is not the "rainy day" account that you dip into when things get hard, nor is this the "splurge" account to get something special for yourself as a celebration. Money is only withdrawn from this account to buy assets with - an asset being defined in this case as something that either makes you money, or appreciates (increases) in value (so a new car would not be an asset under this definition!). Do this consistently and, over time, you will build up a very nice amount of cash to be investing with.
Regular Money Days - records & Organization
A "Money Day" is simply a day that you set aside to work on your finances. Now, it does not have to be a whole day, of course - unless your situation merits it... usually because you haven't done one for a long time! Personally, I set aside a couple of hours every other week, and then a meeting with my accountant over the phone every couple of months. Doing this accomplishes two things: it keeps your accounts in impeccable order, and it allows you not to think about your finances between times, freeing you up to think about and do other things... like your art
Fore-cast your spending
Forecasting is the process of allocating where your money will be spent. You start by going through your Chart of Expenses (email us at mailto:info@abundancebound.com if you need one of these), and finding out where and how you currently spend your money. You then go through that list, and determine which categories cannot change (rent, for example) and which ones can (groceries, entertainment etc). Having got that list, you can then make strong, educated decisions about where you choose to spend your money... as opposed to just blindly trying to cut out Starbucks or eating out. And that is the big difference between this process and traditional budgeting. We never suggest eliminating a category, as we have all heard "absence makes the heart grow fonder". But as opposed to going to Starbucks every day, can you go every other day? Or order a Tall instead of a Venti? Doing this in several areas can make a huge difference to your overall spending.
Keep business separate from personal
Many of us do something called "co-mingling": we operate our entire lives out of a personal checking account. The problem with this is that no "real" business does this - you would never see the CEO of Kinkos write a check for the company out of his personal account. What we need to do, at the very least, is set up a DBA (Doing Business As) account (www.legalzoom.com can help with this) for our artistic career, and get a business bank account associated with that DBA. Not only does this then allow us to clearly see what we are spending and earning through our acting career or art sales, but it also legitimizes the tax deductions we take due to our art - the IRS can clearly see that we are running our career as a business, not as a hobby. The reason this is important? Business expenses are deductible, hobby expenses are not (this distinction can hurt, to the tune of thousands of dollars of back taxes: one of our students got nailed this way)
Regular financial education
Keep doing what you are doing right now! We take time to go to art school, acting classes, workshops... but we expect our finances - something most of us have never worked on (a fundamental problem with our education system, and something we will address in a separate article) - to somehow take care of themselves. Not only is this not realistic, it is dangerous, as we can make numerous serious mistakes blundering around while we try and find our financial way. The biggest reason people stop pursuing their artistic careers is lack of money. Knowing this, doesn't it make sense to put some time into financial education now, so that you are around for the long term? We read all the time about people only breaking out in their forties: wouldn't it have been sad if they had had to leave the arts before then because they had to make money? And wouldn't it be sad if that was going to happen to you... and you had to quit for the same reason? So carve out some time now to learn about money - it will be well worth it in the long run.
So there you have it - five simple things you can implement right now that will significantly improve your financial picture over the coming months and years. Incorporating all of these things into you daily and weekly lives is only a tiny time commitment of time, but the dividends from doing so can last a lifetime.
Simplifying your Finances for Seniors
Trying to survive in this fast paced world seems to be the motto for most of us, but that very mindset is what keeps us from truly preparing and managing our finances for the future. We all could use some financial tips, but for those that are already in their later years, managing their money as a senior citizen can be a very daunting feeling, especially for those that did not plan before they reached retirement.
When getting your finances in tip top shape, your first order of business should be to safeguard your important documents. Always make copies of important documents, put the copies in a safe place that you may have easy access to, and then put the originals in another safe place. What are important documents? Important documents could be a number of things, but most commonly they are your (social security card, pension records, insurance policies, and brokerage accounts).
Stop the procrastination, go head first and deal with the difficult topic of your will, the sooner you do it right the first time, the quicker you can get on with enjoying life to its full potential. What kind of medical treatment are you ok with receiving or what kind of medical treatment are you dead against? Who will inherit your real estate? Who will inherit your savings accounts? These are just some of the question you need to tackle with writing your will. Of course, when writing a will make sure to see an Attorney who specializes in this area.
Get up to speed with the times, there is no reason for you to have to wait in line at your local bank to deposit your pensions or social security benefits. Take the effort and set up direct deposit with your bank, this will save you time and hassle in the future. Since your reading this article, you do have internet access. Pay your bills online, it’s very easy, just simply contact your creditors and ask for their website address, most creditors now a days make it very convenient to pay online.
Stop holding onto your old documents that are non-important, for some reason we have the tendency to hold onto every bill or bank statement we have received from the beginning of time, we really do not need to do this anymore, unless it is a receipt that you must keep until the warranty expires, just shred all the non-important stuff.
Never stop be cautions, as we see on TV all the time fraud is rampant, and sad to say senior citizens are usually the major targets, so as mentioned before keep your important documents in a safe environment, also never give out your social security number or credit card numbers over the telephone, as that is usually how most frauds start.
Senior citizens living in Nevada, can contact the Consumer Credit Counseling Services of Nevada for free consultations, the CCCS of Nevada offers counseling for debt management. This is a great place to get free information.
When getting your finances in tip top shape, your first order of business should be to safeguard your important documents. Always make copies of important documents, put the copies in a safe place that you may have easy access to, and then put the originals in another safe place. What are important documents? Important documents could be a number of things, but most commonly they are your (social security card, pension records, insurance policies, and brokerage accounts).
Stop the procrastination, go head first and deal with the difficult topic of your will, the sooner you do it right the first time, the quicker you can get on with enjoying life to its full potential. What kind of medical treatment are you ok with receiving or what kind of medical treatment are you dead against? Who will inherit your real estate? Who will inherit your savings accounts? These are just some of the question you need to tackle with writing your will. Of course, when writing a will make sure to see an Attorney who specializes in this area.
Get up to speed with the times, there is no reason for you to have to wait in line at your local bank to deposit your pensions or social security benefits. Take the effort and set up direct deposit with your bank, this will save you time and hassle in the future. Since your reading this article, you do have internet access. Pay your bills online, it’s very easy, just simply contact your creditors and ask for their website address, most creditors now a days make it very convenient to pay online.
Stop holding onto your old documents that are non-important, for some reason we have the tendency to hold onto every bill or bank statement we have received from the beginning of time, we really do not need to do this anymore, unless it is a receipt that you must keep until the warranty expires, just shred all the non-important stuff.
Never stop be cautions, as we see on TV all the time fraud is rampant, and sad to say senior citizens are usually the major targets, so as mentioned before keep your important documents in a safe environment, also never give out your social security number or credit card numbers over the telephone, as that is usually how most frauds start.
Senior citizens living in Nevada, can contact the Consumer Credit Counseling Services of Nevada for free consultations, the CCCS of Nevada offers counseling for debt management. This is a great place to get free information.
Personal Banking: Easy Access is the Key
Whenever new technology makes a universal impact the business world soon finds a way of harnessing it to suit its own and also its customers’ ends. That axiom is particularly true in banking which as an industry tends to be a keen ‘early adopter’ when it comes to significant technological advances.
Today, most UK banks deliver or aspire to deliver a wide variety of ways for their customers to do day-to-day banking with them, otherwise known as a multi-channel approach. For example, if a customer prefers to do their banking in person at a branch, over the telephone by voice or text, by using an ATM (automated teller machine) or even via the internet, the major banks will allow them to do so by successfully integrating all their systems.
Of course, it is not completely altruistic of banks to offer a multi-channel approach. Certain ways of interacting with customers cost banks less than others, and although bank accountants would prefer all their customers to interact via the cheapest channel, not all customers want to do their banking in that way. So, it is also in the bank’s interest to ensure that customers can still do their personal banking according to their own individual preference, or a variety of methods if that is what the customer wants.
As more of the younger generation - who accept technology change more readily - open bank accounts, combined with the growing trust in internet and other technologies from a section of reluctant older users, more of the total number of transactions on the internet will inevitably grow. However, as yet it is still impossible to physically pay cash into an account without either using an ATM, bank branch or approved collector such as the post office so they will continue to operate into the foreseeable future.
Indeed, many people still prefer to do their personal banking face to face, so the major five UK banks all possess significant branch networks that allow for personal interaction. At bank branches customers can do all the usual financial transactions such as withdraw or deposit cash and cheques. In addition, administration queries can be handled by staff, such as setting up a standing order, change of address and various other changes to details. A number of major banks also offer free personal financial reviews in their branch networks, during which they will look at all your financial dealings to make sure you are getting the best deals available on the market.
The massive numbers of daily transactions that take place in the banking world mean that the quicker and simpler banks can make any process the better it is for both customer and bank. In an ever demanding world the banks that thrive will be those that can deliver instant service across a multitude of platforms.
Today, most UK banks deliver or aspire to deliver a wide variety of ways for their customers to do day-to-day banking with them, otherwise known as a multi-channel approach. For example, if a customer prefers to do their banking in person at a branch, over the telephone by voice or text, by using an ATM (automated teller machine) or even via the internet, the major banks will allow them to do so by successfully integrating all their systems.
Of course, it is not completely altruistic of banks to offer a multi-channel approach. Certain ways of interacting with customers cost banks less than others, and although bank accountants would prefer all their customers to interact via the cheapest channel, not all customers want to do their banking in that way. So, it is also in the bank’s interest to ensure that customers can still do their personal banking according to their own individual preference, or a variety of methods if that is what the customer wants.
As more of the younger generation - who accept technology change more readily - open bank accounts, combined with the growing trust in internet and other technologies from a section of reluctant older users, more of the total number of transactions on the internet will inevitably grow. However, as yet it is still impossible to physically pay cash into an account without either using an ATM, bank branch or approved collector such as the post office so they will continue to operate into the foreseeable future.
Indeed, many people still prefer to do their personal banking face to face, so the major five UK banks all possess significant branch networks that allow for personal interaction. At bank branches customers can do all the usual financial transactions such as withdraw or deposit cash and cheques. In addition, administration queries can be handled by staff, such as setting up a standing order, change of address and various other changes to details. A number of major banks also offer free personal financial reviews in their branch networks, during which they will look at all your financial dealings to make sure you are getting the best deals available on the market.
The massive numbers of daily transactions that take place in the banking world mean that the quicker and simpler banks can make any process the better it is for both customer and bank. In an ever demanding world the banks that thrive will be those that can deliver instant service across a multitude of platforms.
Choosing Between Debit and Credit Cards
Cardholders make a lot of choices. First they must choose whether or not to apply for a card. Then they have to decide which card they want. Their choices include 0% interest cards, reward cards, charity cards, and so forth. But now there’s another choice for cardholders to make: debit or credit? Which card suits your needs better? Is one payment method superior to the other?
Debit Cards
Debit cards are a convenient choice for everyday purchases. You swipe them at cash registers and gas pumps just as you would a credit card. Debit cards pull money straight from your bank account. There is no interest involved, and no monthly payments to worry about. If you tend to carry a balance on your credit cards from month to month, debit cards might be a good alternative.
Still, buyers should pay careful attention to their bank balances when using debit cards. Most debit cards won’t be declined until you’re overdrawn by hundreds of dollars, and each overdrawn transaction will cost you big.
Also, debit card users aren’t subject to the same amount of purchaser protection that credit card users enjoy. For example, purchases made with credit cards can be reimbursed if the merchandise turns out to be shoddy. When you buy something with a debit card, you’re pretty much stuck with the purchase unless you can get an old-fashioned refund from the seller.
Credit Cards
Credit cards offer variety, perks, and consumer protection. They also come with the temptation to make purchases now and pay for them months later. If you’re not careful, it could even take years to pay off that family vacation or Christmas shopping spree! The number one rule for credit cards is this: Pay your balance in full every month. If you don’t, interest rates and finance fees will inflate the cost of your purchases.
For those who pay off their monthly balances, credit cards are good financial tools that offer benefits not found with debit cards. For instance, some credit cards offer cash rebates for daily purchases like groceries and gas. Others help frequent travelers rack up free airline miles. Special-interest credit cards put money toward a variety of good causes, from college funds for children to veterinary care for pets. Still others donate a portion of all purchases to the charity of your choice.
Credit cards offer other bonuses as well. Many provide rental car insurance and roadside assistance. Their greatest benefit is the protection they offer against fraud. If someone uses your credit cards to make unauthorized purchases, you won’t be liable for the costs. Also, if you purchase an item that turns out to be faulty, you can receive a reimbursement from the credit card company.
Are credit cards superior to debit cards, or vice versa? The answer depends on what kind of buyer you are, and what kind of perks you want. If you’d rather not deal with monthly payments, debit cards are a good choice. But if you want to build up your credit score and enjoy some rewards along the way, credit cards are your best bet.
Debit Cards
Debit cards are a convenient choice for everyday purchases. You swipe them at cash registers and gas pumps just as you would a credit card. Debit cards pull money straight from your bank account. There is no interest involved, and no monthly payments to worry about. If you tend to carry a balance on your credit cards from month to month, debit cards might be a good alternative.
Still, buyers should pay careful attention to their bank balances when using debit cards. Most debit cards won’t be declined until you’re overdrawn by hundreds of dollars, and each overdrawn transaction will cost you big.
Also, debit card users aren’t subject to the same amount of purchaser protection that credit card users enjoy. For example, purchases made with credit cards can be reimbursed if the merchandise turns out to be shoddy. When you buy something with a debit card, you’re pretty much stuck with the purchase unless you can get an old-fashioned refund from the seller.
Credit Cards
Credit cards offer variety, perks, and consumer protection. They also come with the temptation to make purchases now and pay for them months later. If you’re not careful, it could even take years to pay off that family vacation or Christmas shopping spree! The number one rule for credit cards is this: Pay your balance in full every month. If you don’t, interest rates and finance fees will inflate the cost of your purchases.
For those who pay off their monthly balances, credit cards are good financial tools that offer benefits not found with debit cards. For instance, some credit cards offer cash rebates for daily purchases like groceries and gas. Others help frequent travelers rack up free airline miles. Special-interest credit cards put money toward a variety of good causes, from college funds for children to veterinary care for pets. Still others donate a portion of all purchases to the charity of your choice.
Credit cards offer other bonuses as well. Many provide rental car insurance and roadside assistance. Their greatest benefit is the protection they offer against fraud. If someone uses your credit cards to make unauthorized purchases, you won’t be liable for the costs. Also, if you purchase an item that turns out to be faulty, you can receive a reimbursement from the credit card company.
Are credit cards superior to debit cards, or vice versa? The answer depends on what kind of buyer you are, and what kind of perks you want. If you’d rather not deal with monthly payments, debit cards are a good choice. But if you want to build up your credit score and enjoy some rewards along the way, credit cards are your best bet.
Making Sense of Credit Card Offers
Have you received credit card offers in the mail? If so, you might have wondered which cards really offered good deals. Credit cards can be helpful budgeting tools, or sinkholes of debt. The difference is in the details: some cards have high rates and fees that make it difficult to keep your debt in check. Take a moment to compare credit cards before you decide to carry one in your wallet.
Credit card offers list the terms and conditions of various cards. When you compare credit cards, look at the interest rate, also known as the APR. It might be listed as 0%. If so, you can bet that it will be much higher in six months to a year. 0% interest cards have introductory phases. After that phase has ended, they are subject to regular interest rates. Most cards offer 12-24% interest rates. The lower the rate, the faster you all be able to pay off your debt.
Also make note of the type of interest rates on your credit card offers. Some rates might be fixed, and some might be variable. Choose fixed-rate interest whenever possible. Variable interest rates can change with little warning from the card issuer. If you do choose a credit card with a variable interest rate, make sure you know when and how much that rate can change.
When you compare credit cards, you all notice that some of them come with quite a lot of fees. There can be application fees, processing fees, annual fees, late fees, and fees for going over your credit limit. Fees can also apply when you close your account or make a balance transfer to another card. The credit card industry is competitive, so don't waste your time on credit card offers that indicate exorbitant fees.
Your next step when you compare credit cards is to look at the credit limit each one is willing to give you. Some might offer low limits, while others might offer you thousands of dollars. Higher credit limits can improve your credit score, but they can also tempt you to spend money on things you can't really afford.
Always check the small print on credit card offers. Companies should tell you their policies regarding interest-free grace periods, late payments, and how you will be informed if changes are made to the terms of your contract. If you have questions about specific policies, call the cards customer service division and ask to speak with a representative. Most card companies are only required to give 14 days written notice when making changes to your account. There is pending legislation that seeks to compel card issuers to give more notice before such changes are made.
Dont just accept the first credit card offers that come along. Take the time to compare credit cards. They can be great for building up your credit, but they can also leave you with a heap of debt if you dont use them wisely. Look for good deals with low fees and interest rates. The research you do in the beginning can save you a lot of financial heartache down the road.
Credit card offers list the terms and conditions of various cards. When you compare credit cards, look at the interest rate, also known as the APR. It might be listed as 0%. If so, you can bet that it will be much higher in six months to a year. 0% interest cards have introductory phases. After that phase has ended, they are subject to regular interest rates. Most cards offer 12-24% interest rates. The lower the rate, the faster you all be able to pay off your debt.
Also make note of the type of interest rates on your credit card offers. Some rates might be fixed, and some might be variable. Choose fixed-rate interest whenever possible. Variable interest rates can change with little warning from the card issuer. If you do choose a credit card with a variable interest rate, make sure you know when and how much that rate can change.
When you compare credit cards, you all notice that some of them come with quite a lot of fees. There can be application fees, processing fees, annual fees, late fees, and fees for going over your credit limit. Fees can also apply when you close your account or make a balance transfer to another card. The credit card industry is competitive, so don't waste your time on credit card offers that indicate exorbitant fees.
Your next step when you compare credit cards is to look at the credit limit each one is willing to give you. Some might offer low limits, while others might offer you thousands of dollars. Higher credit limits can improve your credit score, but they can also tempt you to spend money on things you can't really afford.
Always check the small print on credit card offers. Companies should tell you their policies regarding interest-free grace periods, late payments, and how you will be informed if changes are made to the terms of your contract. If you have questions about specific policies, call the cards customer service division and ask to speak with a representative. Most card companies are only required to give 14 days written notice when making changes to your account. There is pending legislation that seeks to compel card issuers to give more notice before such changes are made.
Dont just accept the first credit card offers that come along. Take the time to compare credit cards. They can be great for building up your credit, but they can also leave you with a heap of debt if you dont use them wisely. Look for good deals with low fees and interest rates. The research you do in the beginning can save you a lot of financial heartache down the road.
How to Invest in Gold
Today, the price of gold is determined by how much is needed and how much it can be used by others. The supply of gold strengthens quite leisurely as additional gold is extracted from mines. Gold acts as a fortress against inflation. Presently, a single ounce gold coin is priced at about $780. If it seems to you that the dollar will continue to lessen in value, investing in gold may be just for you.
An exchange-traded fund appears to be one of the easiest ways to invest. An exchange-trade fund, or ETF, can be used similar to a mutual fund that is available to trade as stock.
An important benefit found from investing in gold by way of an ETF is that you don't need to actually store the gold yourself. Owning gold is a risky venture, if done by yourself, as it can easily be lost or stolen.
Furthermore, ETFs aren't solely the only opportunity to invest in gold. Many find collecting gold coins and keeping them over time is another clear way to invest. Storing them in a safe environment is considerably important, such as a safety-deposit box.
Another opportunity for gold investment is golf futures. Although this is another way to invest, it is also one of the most dangerous, since many people lose the money that they have invested. Though, there are a substantial amount of those who become quite rich. The profit would be gained from the current price in gold to the future price in gold.
Over years, gold has proven to be a worthwhile, and often lucrative, investment. Anyone who is considering this investment should weigh all of its aspects.
For more information on gold coins, visit http://www.goldcoins.asia.
For more information on gold medal, visit http://www.goldmedal.asia.
An exchange-traded fund appears to be one of the easiest ways to invest. An exchange-trade fund, or ETF, can be used similar to a mutual fund that is available to trade as stock.
An important benefit found from investing in gold by way of an ETF is that you don't need to actually store the gold yourself. Owning gold is a risky venture, if done by yourself, as it can easily be lost or stolen.
Furthermore, ETFs aren't solely the only opportunity to invest in gold. Many find collecting gold coins and keeping them over time is another clear way to invest. Storing them in a safe environment is considerably important, such as a safety-deposit box.
Another opportunity for gold investment is golf futures. Although this is another way to invest, it is also one of the most dangerous, since many people lose the money that they have invested. Though, there are a substantial amount of those who become quite rich. The profit would be gained from the current price in gold to the future price in gold.
Over years, gold has proven to be a worthwhile, and often lucrative, investment. Anyone who is considering this investment should weigh all of its aspects.
For more information on gold coins, visit http://www.goldcoins.asia.
For more information on gold medal, visit http://www.goldmedal.asia.
Simple Concept of Financial Security
Financial Security - I love these two words! Let me tell you why... If we are to define the meaning behind these two words, then we can simply say that financial security is when you reach a point in life where there is no more financial distress and troubles. No more living from paycheck to paycheck, from month to month. No more fear of bank statements in your postbox. No more fear of redundancy (who is going to pay my mortgage repayments?). No more worries. No more insecurity.
Financial Security is when you're relaxed regarding your finances and your bank accounts, as you know they are healthy. That's a state when life cannot financially surprise you with unexpected events, because you have sorted out your finances and you have taken care for yourself and your family.
Well, you might think that only rich people have achieved financial security. Let me tell you that such perception is wrong. You DO NOT have to be wealthy in order to be financially secure! Please, do believe this. You can achieve financial security even if not rich. The whole point of this blog is to explain how.
Allow me to address another important question in regards to financial security, and that is WHY. Why would you want to be financially secure? Someone might argue that financial security does not bring sufficient amount of adrenaline. This may be true, but who wants that type of adrenaline anyway?!
Humans are multidimensional beings. By this I mean that there are different dimensions within a person that are inter-linked. I.e. humans are rational, emotional, spiritual, social, physical, and also material beings. Each one of these aspects of human life is very important, and must be balanced in order for a person to live normally and be happy.
Imagine that one of these aspects or areas of life is unbalanced. For example, you have been struck by illness, therefore your physical aspect of life is not working right. You are in bed waiting to get better. Interestingly enough, all other aspects during your illness somehow went on hold, as you cannot focus on anything else but recovering. Fortunately, flu takes approximately a week and you are up and running again. If one aspect of life is not working right, it tends to take over our lives and serve as a weight around our neck. We keep focusing on this aspect while neglecting all others. You cannot achieve happiness and your full potential unless every aspect of life is balanced.
So, there we are! If material aspect of life doesn't work for us, it tends to grab us by the neck, and make us neglect all other very important dimensions. It takes our time and our energy; it completely preoccupies us and makes our lives miserable. This is why you need to sort out your finances and deliver financial security. By doing that, you will be able to dedicate yourself to other very important aspects and live a balanced and fulfilled life. You will have more time and less worries. Even people around you will be happier and will appreciate you more.
So, just remember that financial security is when you don't have financial problems, which should enable you to live your life to the fullest. Trust me, it is possible and it is easier than you think!
http://www.financeprinciples.net
The blog aims to help people live healthier financial lives by outlining key principles of personal finance. The ultimate goal is to achieve a state of financial security where one does not have to worry about finance any more. Feel free to visit and contribute.
Financial Security is when you're relaxed regarding your finances and your bank accounts, as you know they are healthy. That's a state when life cannot financially surprise you with unexpected events, because you have sorted out your finances and you have taken care for yourself and your family.
Well, you might think that only rich people have achieved financial security. Let me tell you that such perception is wrong. You DO NOT have to be wealthy in order to be financially secure! Please, do believe this. You can achieve financial security even if not rich. The whole point of this blog is to explain how.
Allow me to address another important question in regards to financial security, and that is WHY. Why would you want to be financially secure? Someone might argue that financial security does not bring sufficient amount of adrenaline. This may be true, but who wants that type of adrenaline anyway?!
Humans are multidimensional beings. By this I mean that there are different dimensions within a person that are inter-linked. I.e. humans are rational, emotional, spiritual, social, physical, and also material beings. Each one of these aspects of human life is very important, and must be balanced in order for a person to live normally and be happy.
Imagine that one of these aspects or areas of life is unbalanced. For example, you have been struck by illness, therefore your physical aspect of life is not working right. You are in bed waiting to get better. Interestingly enough, all other aspects during your illness somehow went on hold, as you cannot focus on anything else but recovering. Fortunately, flu takes approximately a week and you are up and running again. If one aspect of life is not working right, it tends to take over our lives and serve as a weight around our neck. We keep focusing on this aspect while neglecting all others. You cannot achieve happiness and your full potential unless every aspect of life is balanced.
So, there we are! If material aspect of life doesn't work for us, it tends to grab us by the neck, and make us neglect all other very important dimensions. It takes our time and our energy; it completely preoccupies us and makes our lives miserable. This is why you need to sort out your finances and deliver financial security. By doing that, you will be able to dedicate yourself to other very important aspects and live a balanced and fulfilled life. You will have more time and less worries. Even people around you will be happier and will appreciate you more.
So, just remember that financial security is when you don't have financial problems, which should enable you to live your life to the fullest. Trust me, it is possible and it is easier than you think!
http://www.financeprinciples.net
The blog aims to help people live healthier financial lives by outlining key principles of personal finance. The ultimate goal is to achieve a state of financial security where one does not have to worry about finance any more. Feel free to visit and contribute.
Diversified mutual fund: make your return high
You might confuse with the title above. The mutual fund is the portfolio of variety investment. The manager of mutual fund combines variety investment in order to get return. The experienced manager will use stock, bond, index, etc.
Equity fund manager will invest at different characteristics stock. Meanwhile, the bond fund uses variety bond. Balanced fund or hybrid fund use stock, bond, index, and money market. Lifestyle is same too. They will plugs with the investor's style.
Do not think the mutual fund portfolio is enough. You may diversify your fund to reduce your risk. Some diversification that writer suggests i.e.:
1. Diversified company You can buy mutual fund from variety company. It is a portfolio too. Surely, you can find the kind of mutual fund. You can choose reputable company like Templeton, Vanguard, Schwab, etc.
2. The variety of fund You should not put your money at equity funds only. You can combine equity fund, bond fund, index fund, money market fund, etc.
3. The classes of investment You can buy any kind of equity find. For example, you can buy growth funds or income funds. Growth fund and income fund has different character. Growth funds suits with long-term investment. Therefore, you can combine it. Another example, some mutual fund uses bond for their investment. They can invest at specific bond like corporate bond, government bond, saving bond, etc.
Unfortunately, this strategy is expensive. You must have more money to buy much mutual fund. If you have little money, you can ignore this strategy.
Equity fund manager will invest at different characteristics stock. Meanwhile, the bond fund uses variety bond. Balanced fund or hybrid fund use stock, bond, index, and money market. Lifestyle is same too. They will plugs with the investor's style.
Do not think the mutual fund portfolio is enough. You may diversify your fund to reduce your risk. Some diversification that writer suggests i.e.:
1. Diversified company You can buy mutual fund from variety company. It is a portfolio too. Surely, you can find the kind of mutual fund. You can choose reputable company like Templeton, Vanguard, Schwab, etc.
2. The variety of fund You should not put your money at equity funds only. You can combine equity fund, bond fund, index fund, money market fund, etc.
3. The classes of investment You can buy any kind of equity find. For example, you can buy growth funds or income funds. Growth fund and income fund has different character. Growth funds suits with long-term investment. Therefore, you can combine it. Another example, some mutual fund uses bond for their investment. They can invest at specific bond like corporate bond, government bond, saving bond, etc.
Unfortunately, this strategy is expensive. You must have more money to buy much mutual fund. If you have little money, you can ignore this strategy.
What kind of Investor are you ?
Different Types of Investments:
What type are you.
Overall, there are three different kinds of investments. These include stocks, bonds, and cash. Sounds simple, right? Well, unfortunately, it gets very complicated from there. You see, each type of investment has numerous types of investments that fall under it.
There is quite a bit to learn about each different investment type. The stock market can be a big scary place for those who know little or nothing about investing. Fortunately, the amount of information that you need to learn has a direct relation to the type of investor that you are. There are also three types of investors: conservative, moderate, and aggressive. The different types of investments also cater to the two levels of risk tolerance: high risk and low risk.
Conservative investors often invest in cash. This means that they put their money in interest bearing savings accounts, money market accounts, mutual funds, US Treasury bills, and Certificates of Deposit. These are very safe investments that grow over a long period of time. These are also low risk investments.
Moderate investors often invest in cash and bonds, and may dabble in the stock market. Moderate investing may be low or moderate risks. Moderate investors often also invest in real estate, providing that it is low risk real estate.
Aggressive investors commonly do most of their investing in the stock market, which is higher risk. They also tend to invest in business ventures as well as higher risk real estate. For instance, if an aggressive investor puts his or her money into an older apartment building, then invests more money renovating the property, they are running a risk. They expect to be able to rent the apartments out for more money than the apartments are currently worth - or to sell the entire property for a profit on their initial investments. In some cases, this works out just fine, and in other cases, it doesn't. It's a risk.
Before you start investing, it is very important that you learn about the different types of investments, and what those investments can do for you. Understand the risks involved, and pay attention to past trends as well. History does indeed repeat itself, and investors know this first hand!
If you're the type of investor who would like to start your own internet business, then take this Free Tour at:www.money-titan.com.
Happy Investing!
What type are you.
Overall, there are three different kinds of investments. These include stocks, bonds, and cash. Sounds simple, right? Well, unfortunately, it gets very complicated from there. You see, each type of investment has numerous types of investments that fall under it.
There is quite a bit to learn about each different investment type. The stock market can be a big scary place for those who know little or nothing about investing. Fortunately, the amount of information that you need to learn has a direct relation to the type of investor that you are. There are also three types of investors: conservative, moderate, and aggressive. The different types of investments also cater to the two levels of risk tolerance: high risk and low risk.
Conservative investors often invest in cash. This means that they put their money in interest bearing savings accounts, money market accounts, mutual funds, US Treasury bills, and Certificates of Deposit. These are very safe investments that grow over a long period of time. These are also low risk investments.
Moderate investors often invest in cash and bonds, and may dabble in the stock market. Moderate investing may be low or moderate risks. Moderate investors often also invest in real estate, providing that it is low risk real estate.
Aggressive investors commonly do most of their investing in the stock market, which is higher risk. They also tend to invest in business ventures as well as higher risk real estate. For instance, if an aggressive investor puts his or her money into an older apartment building, then invests more money renovating the property, they are running a risk. They expect to be able to rent the apartments out for more money than the apartments are currently worth - or to sell the entire property for a profit on their initial investments. In some cases, this works out just fine, and in other cases, it doesn't. It's a risk.
Before you start investing, it is very important that you learn about the different types of investments, and what those investments can do for you. Understand the risks involved, and pay attention to past trends as well. History does indeed repeat itself, and investors know this first hand!
If you're the type of investor who would like to start your own internet business, then take this Free Tour at:www.money-titan.com.
Happy Investing!
How to Become a Successful Investor
Investing in the stock market is one of the most profitable and the riskiest kind of investments. Nowadays, in most cases, investment allocation is a result of flowing cash to the assets where the current return and risk are satisfied a certain investor expectation. There are some differences between such participants of the stock market as investors and traders. However, a classical investor and trader are both aim at gaining money. History evidences the different cases, when an investor started with a small amount of money and eventually became very rich, or on the contrary, when a millionaire lost all investments in the stock market and became poor. What is the most important quality that separates the winners from the losers in the stock investing? The answer is simple - it is knowledge in investing, either that is based on collected wisdom by other investors or gained through making own mistakes. Anyway, the following basic principles could be useful to remember:
Never invest all your money in the stock market, especially, if you are a beginner. Common recommended portion of invested money in stocks is from 25% to 50% of your total budget.
Never invest all money in one stock - always diversify among several stocks in different sectors.
Always watch closely general market conditions, especially, when bear market is about to start. Be prepared by selling most holdings in advance.
Never rush with investment solution. Carefully watch financial quarterly reports, news, and macroeconomics trends before making any decision.
Never let your emotions prevail over a rational disciplined approach.
To improve return/risk ratio, use reliable software tools that embody the investors' concentrated wisdom.
All stocks are volatile without exception. There will be always a certain probability that something suddenly will go wrong with any stock. Even the best stocks can depreciate.
USA recent researches show that an average investor has around $250,000 investment assets and more than half investors uses brokerage advices. Investing is popular for both genders almost equally. For the last decades, the expectation of most investors decreased from about 30% to about 10% of annual return on investment. Most investors prefer a long-term type of investments with less than five transactions per year. Not everyone is able to succeed in investing. Most losses in investing happen because of lack of knowledge, over-confidence, impatience, greed, fear, and different delusions. An experienced investor knows that there is a direct proportion between time spent to increase investing skills and return on investment.
Self-education can help to improve investment skills. Usually, after reading tens of books about investing, investors come to conclusion about importance of fundamental analysis and interpretation of technical analysis indicators. Also investors need to read quarterly financial reports, watch market conditions, try to predict macroeconomics trends, etc. How much time all these take? Fortunately, there is an optimized approach that allows investing time effectively to give a maximum return. As an example, to reach excellence in driving it is enough to read one book, get driving training, and regularly practice. Something similar is possible with investing skills, except that a few books will be required. The following books could be good for improving the investment competence:
Lessons from the Greatest Stock Traders of All Time by John Boik (good introduction in investing)
Stock Investing For Dummies by Paul Mladjenovic (very useful and important to read book)
The following books by William J. O'Neil:
How to Make Money in Stocks
24 Essential Lessons for Investment Success
The Successful Investor
These books are easy and enjoyable to read. Some experts opinion can be contradictory. For example, some authors offer using such method as "averaging down". This is a method to reduce the cost of purchases. "Averaging down" means to buy more stock of a given issue at a price less than the last purchase successively as the price declines. However, other authors insist that such method is bad. They suggest sell any stock if the market price drops below around 8% - 10% of the purchase price. The problem of this contradiction is that averaging down works well in case if decreasing price is a temporal correction but not a sign of declining business and long-term dropping demand for the stocks. How to distinguish correction from alarming signal? The answer is - to evaluate exactly a real value of company and its stocks, as well as, understand current market condition and know macroeconomic trends.
Nevertheless, all books about investing are useful to a certain extent. The next important step is training. It can be done without money, in a simulation mode. Then it will be naturally to use real money for learning lessons more effectively. A regular practicing is important. However, it is hard to acquire good investing skills fast. One of the reasons is that the market is not always the same. It can be bull or bear market with different corrections. Some market cycles can be very long. For example, a real bear market happens seldom, around once in 12-14 years. Even so, it would be useful to experience a bear market, at least once.
The first step in investment analysis has to be fundamental analysis. The fundamental analysis allows predicting a long-term stock performance. It depends on many factors: company profitability and its growth, assets liquidity, market stock value relatively to earning, book value, and sales, etc. Stock price also depends on news, analysts opinions, and different ratings. Such factors can be many and it is clear that each of them differently exerts influence on stock performance. For example, statistical research of hundreds of companies for period of several years reveals that the more number of bad parameters belong to the company and its stock, the riskier investing in it. In general, any company and its stock can be considered as a system and the best model of such system quality is a combination of all influential factors with different weights.
Using technical analysis additionally to fundamental analysis can increase chances of successful investing. One of the best software tools to perform technical analysis is MetaStock www.metastock.com. However, since there are hundreds of technical indicators with different interpretations for each of them, it is not easy to complete a full-scale technical analysis. Some investors use only some of indicators that are good from their point of view. In general, each indicator has its own ability to predict stock price. Ideally, it would be good to allow computer software to define the current ability of indicators in prediction of stocks prices and assign each of indicators corresponding weight. Then logically, to maximize accuracy of prediction it would be good to combine all signals from all indicators. Besides fundamental and technical analyses, it should be taken into consideration that price of any stock goes up and down depending on other many factors, including general market and sectors conditions. That means there should be an optimal time for buying stock (as well as for selling). Therefore, timing analysis is also important.
To summarize, it is better to use the software that takes into consideration fundamental, technical, and timing analyses together. One of the computer programs on the market with such capabilities is InvAn by Addaptron Software www.addaptron.com. It combines the results of fundamental, technical, and timing analyses into a single composite rating using a special algorithm. InvAn defines prediction ability of each technical indicator and then combines signals from all of them into technical analysis rating using Artificial Neural Networks. The main output is the composite rating, i.e., the list of stocks from the worst to the best. Due to a fast and automatic data processing, InvAn enables watching hundreds of stocks. It also has other useful features, such as, calculating optimal cash reserve depending on the market condition and forecasting stock price on the basis of Fourier spectrum analysis. You can find other software tools; the best way to choose the right one is to try their demo versions and read software descriptions (what data used and how they are processed).
If you have never invested in stocks before, consider this. Nowadays of technical progress, buying and selling stocks become very simple. To use the Internet for stock investing, all you need to do is to open account with some Internet stock investing brokerage. The recommended minimum amount to invest in one stock can be $2000..3000. Using smaller amount may be unreasonable because of the commission to buy and then sell. Good luck!
Never invest all your money in the stock market, especially, if you are a beginner. Common recommended portion of invested money in stocks is from 25% to 50% of your total budget.
Never invest all money in one stock - always diversify among several stocks in different sectors.
Always watch closely general market conditions, especially, when bear market is about to start. Be prepared by selling most holdings in advance.
Never rush with investment solution. Carefully watch financial quarterly reports, news, and macroeconomics trends before making any decision.
Never let your emotions prevail over a rational disciplined approach.
To improve return/risk ratio, use reliable software tools that embody the investors' concentrated wisdom.
All stocks are volatile without exception. There will be always a certain probability that something suddenly will go wrong with any stock. Even the best stocks can depreciate.
USA recent researches show that an average investor has around $250,000 investment assets and more than half investors uses brokerage advices. Investing is popular for both genders almost equally. For the last decades, the expectation of most investors decreased from about 30% to about 10% of annual return on investment. Most investors prefer a long-term type of investments with less than five transactions per year. Not everyone is able to succeed in investing. Most losses in investing happen because of lack of knowledge, over-confidence, impatience, greed, fear, and different delusions. An experienced investor knows that there is a direct proportion between time spent to increase investing skills and return on investment.
Self-education can help to improve investment skills. Usually, after reading tens of books about investing, investors come to conclusion about importance of fundamental analysis and interpretation of technical analysis indicators. Also investors need to read quarterly financial reports, watch market conditions, try to predict macroeconomics trends, etc. How much time all these take? Fortunately, there is an optimized approach that allows investing time effectively to give a maximum return. As an example, to reach excellence in driving it is enough to read one book, get driving training, and regularly practice. Something similar is possible with investing skills, except that a few books will be required. The following books could be good for improving the investment competence:
Lessons from the Greatest Stock Traders of All Time by John Boik (good introduction in investing)
Stock Investing For Dummies by Paul Mladjenovic (very useful and important to read book)
The following books by William J. O'Neil:
How to Make Money in Stocks
24 Essential Lessons for Investment Success
The Successful Investor
These books are easy and enjoyable to read. Some experts opinion can be contradictory. For example, some authors offer using such method as "averaging down". This is a method to reduce the cost of purchases. "Averaging down" means to buy more stock of a given issue at a price less than the last purchase successively as the price declines. However, other authors insist that such method is bad. They suggest sell any stock if the market price drops below around 8% - 10% of the purchase price. The problem of this contradiction is that averaging down works well in case if decreasing price is a temporal correction but not a sign of declining business and long-term dropping demand for the stocks. How to distinguish correction from alarming signal? The answer is - to evaluate exactly a real value of company and its stocks, as well as, understand current market condition and know macroeconomic trends.
Nevertheless, all books about investing are useful to a certain extent. The next important step is training. It can be done without money, in a simulation mode. Then it will be naturally to use real money for learning lessons more effectively. A regular practicing is important. However, it is hard to acquire good investing skills fast. One of the reasons is that the market is not always the same. It can be bull or bear market with different corrections. Some market cycles can be very long. For example, a real bear market happens seldom, around once in 12-14 years. Even so, it would be useful to experience a bear market, at least once.
The first step in investment analysis has to be fundamental analysis. The fundamental analysis allows predicting a long-term stock performance. It depends on many factors: company profitability and its growth, assets liquidity, market stock value relatively to earning, book value, and sales, etc. Stock price also depends on news, analysts opinions, and different ratings. Such factors can be many and it is clear that each of them differently exerts influence on stock performance. For example, statistical research of hundreds of companies for period of several years reveals that the more number of bad parameters belong to the company and its stock, the riskier investing in it. In general, any company and its stock can be considered as a system and the best model of such system quality is a combination of all influential factors with different weights.
Using technical analysis additionally to fundamental analysis can increase chances of successful investing. One of the best software tools to perform technical analysis is MetaStock www.metastock.com. However, since there are hundreds of technical indicators with different interpretations for each of them, it is not easy to complete a full-scale technical analysis. Some investors use only some of indicators that are good from their point of view. In general, each indicator has its own ability to predict stock price. Ideally, it would be good to allow computer software to define the current ability of indicators in prediction of stocks prices and assign each of indicators corresponding weight. Then logically, to maximize accuracy of prediction it would be good to combine all signals from all indicators. Besides fundamental and technical analyses, it should be taken into consideration that price of any stock goes up and down depending on other many factors, including general market and sectors conditions. That means there should be an optimal time for buying stock (as well as for selling). Therefore, timing analysis is also important.
To summarize, it is better to use the software that takes into consideration fundamental, technical, and timing analyses together. One of the computer programs on the market with such capabilities is InvAn by Addaptron Software www.addaptron.com. It combines the results of fundamental, technical, and timing analyses into a single composite rating using a special algorithm. InvAn defines prediction ability of each technical indicator and then combines signals from all of them into technical analysis rating using Artificial Neural Networks. The main output is the composite rating, i.e., the list of stocks from the worst to the best. Due to a fast and automatic data processing, InvAn enables watching hundreds of stocks. It also has other useful features, such as, calculating optimal cash reserve depending on the market condition and forecasting stock price on the basis of Fourier spectrum analysis. You can find other software tools; the best way to choose the right one is to try their demo versions and read software descriptions (what data used and how they are processed).
If you have never invested in stocks before, consider this. Nowadays of technical progress, buying and selling stocks become very simple. To use the Internet for stock investing, all you need to do is to open account with some Internet stock investing brokerage. The recommended minimum amount to invest in one stock can be $2000..3000. Using smaller amount may be unreasonable because of the commission to buy and then sell. Good luck!
How to Develop a Sound Investment Plan
It has been said that to fail to plan is to plan to fail. To be successful at investing, you need to have a well thought out plan that sets into place your basic value system, your objectives and a variety of investment types and strategies.
Every person reading this article will be living, working and investing in different circumstances, with mind boggling possibilities for variation.
For example:
One person may have a full time job, but invests part time;
Another may run a small business, with investment on the side;
Yet another may invest full time, as a business.
However, very few of us get to start full time investing right away - we just don't have the capital. So, what to do? You need to develop your own long term Investment Plan - one that will allow you make changes in your circumstances and lifestyle. Every plan must be different, and your plan needs to be flexible. Here are some principles that you can use to develop your own plan:
* Don't quit your day job until you have built up sufficient capital to weather the inevitable draw downs that every investor has to go through. Don't live in the stupidly false hope that it won't happen to you - it will! Take this as a given, and plan for it!
* Start with a relatively low risk, but steady investment strategy (like selling options). Save the windmills (like buying options) for when you have the time to really focus on your investments. Once you have built up your capital with a relatively safe (and boring) strategy, start branching out into more fun stuff!
* Diversify your investments, at several levels. Invest in different types of investment vehicles like stocks, bonds, CDs, mutual funds and dividend earners. Use different investment strategies, in ways that match your lifestyle, time allocation and risk tolerance. Consider long term position trading, momentum trading, swing trading, selling options (like credit spreads and naked puts), buying options (buying puts and calls or Deep-in-the-money options). Allocate your portfolio to different TYPES of investments and different STRATEGIES of investment.
* Add an extra leg to your income generating efforts. If you have a full time job, then start a small business on the side - one that can run itself once you have set it up. Unless you really need this money, use the income from this business as seed money for your investment portfolio.
* Don't get obsessed with investing. Invest for a purpose, not just to get rich. Use the money to GET A LIFE - preferably with your family. The classics are too full of stories and histories of people who end up hugely rich, but divorced, abandoned by their children, rejected by their friends... and so on. Investing can swallow a person up, and unless you keep a large perspective, you can drown.
* GET OUT OF DEBT! Why pay interest to someone else, when you could be investing that money. I am talking about all kinds of debt....credit card, mortgage...everything! Add up all the interest that you have paid this year, then work out how rich you would be if you had taken that money (instead of making someone else fat) and invested it in plan that gave you a good return. The result will shock you!
* Be generous!!! History shows that generous people are always much better off and much happier than the other kind.
Remember: those who fail to plan plan to fail. The cliche is old, but truth remains!
You can find more at this page: Swing Trading Options
Every person reading this article will be living, working and investing in different circumstances, with mind boggling possibilities for variation.
For example:
One person may have a full time job, but invests part time;
Another may run a small business, with investment on the side;
Yet another may invest full time, as a business.
However, very few of us get to start full time investing right away - we just don't have the capital. So, what to do? You need to develop your own long term Investment Plan - one that will allow you make changes in your circumstances and lifestyle. Every plan must be different, and your plan needs to be flexible. Here are some principles that you can use to develop your own plan:
* Don't quit your day job until you have built up sufficient capital to weather the inevitable draw downs that every investor has to go through. Don't live in the stupidly false hope that it won't happen to you - it will! Take this as a given, and plan for it!
* Start with a relatively low risk, but steady investment strategy (like selling options). Save the windmills (like buying options) for when you have the time to really focus on your investments. Once you have built up your capital with a relatively safe (and boring) strategy, start branching out into more fun stuff!
* Diversify your investments, at several levels. Invest in different types of investment vehicles like stocks, bonds, CDs, mutual funds and dividend earners. Use different investment strategies, in ways that match your lifestyle, time allocation and risk tolerance. Consider long term position trading, momentum trading, swing trading, selling options (like credit spreads and naked puts), buying options (buying puts and calls or Deep-in-the-money options). Allocate your portfolio to different TYPES of investments and different STRATEGIES of investment.
* Add an extra leg to your income generating efforts. If you have a full time job, then start a small business on the side - one that can run itself once you have set it up. Unless you really need this money, use the income from this business as seed money for your investment portfolio.
* Don't get obsessed with investing. Invest for a purpose, not just to get rich. Use the money to GET A LIFE - preferably with your family. The classics are too full of stories and histories of people who end up hugely rich, but divorced, abandoned by their children, rejected by their friends... and so on. Investing can swallow a person up, and unless you keep a large perspective, you can drown.
* GET OUT OF DEBT! Why pay interest to someone else, when you could be investing that money. I am talking about all kinds of debt....credit card, mortgage...everything! Add up all the interest that you have paid this year, then work out how rich you would be if you had taken that money (instead of making someone else fat) and invested it in plan that gave you a good return. The result will shock you!
* Be generous!!! History shows that generous people are always much better off and much happier than the other kind.
Remember: those who fail to plan plan to fail. The cliche is old, but truth remains!
You can find more at this page: Swing Trading Options
Stock Market Basics - How Great Research Can Bring Great Wealth
Not understanding the stock market basics impacts almost all unsuccessful stock traders negatively.
To many mediocre and unsuccessful traders, lack of control over research may sound like a strange point to pick as one which can lead to poor trading results. But every exceptional and successful trader I know would say methodical research is a corner stone of their success.
Let's look at the 2 opposing position. Many traders who do "OK" trade on news, tips, ideas that come across their desk or over the newswire, or some other haphazard method for finding trades. A key characteristic of their trading is that it is reactive.
The exceptional trader doesn't take such risks...he is proactive. Ofcourse, great traders are also reactive. They will allow the news and other events to generte trades for them. This is part of their proactivity. In addition to that, great traders are is purposefully and methodically trawling the markets looking for opportunities. This regular trawling, one of a key set of stock market basics that they have totally mastered, is a key difference that seperates mediocre from stellar traders.
The great traders research is regular, wide and eventually deep. His missed opportunities are few and far between and the quality of his average trades far surpasses the average trades of reactive traders. This is simply because he has a greater catchment area in which to find trades...and therefore probability works on his side because a methodical and repeated process throws up many sterling opportunities regularly.
So, to try to ensure repeated or higher success in the markets, try and do your research methodically. If you aren't researching methodically and are a reactive trader, you are without question leaving money on the table over a long enough time horizon...and this could come back to bite you....hard.
Why risk it? As Nike says....Just Do It! (right from now on)...and master the stock market basics.
To many mediocre and unsuccessful traders, lack of control over research may sound like a strange point to pick as one which can lead to poor trading results. But every exceptional and successful trader I know would say methodical research is a corner stone of their success.
Let's look at the 2 opposing position. Many traders who do "OK" trade on news, tips, ideas that come across their desk or over the newswire, or some other haphazard method for finding trades. A key characteristic of their trading is that it is reactive.
The exceptional trader doesn't take such risks...he is proactive. Ofcourse, great traders are also reactive. They will allow the news and other events to generte trades for them. This is part of their proactivity. In addition to that, great traders are is purposefully and methodically trawling the markets looking for opportunities. This regular trawling, one of a key set of stock market basics that they have totally mastered, is a key difference that seperates mediocre from stellar traders.
The great traders research is regular, wide and eventually deep. His missed opportunities are few and far between and the quality of his average trades far surpasses the average trades of reactive traders. This is simply because he has a greater catchment area in which to find trades...and therefore probability works on his side because a methodical and repeated process throws up many sterling opportunities regularly.
So, to try to ensure repeated or higher success in the markets, try and do your research methodically. If you aren't researching methodically and are a reactive trader, you are without question leaving money on the table over a long enough time horizon...and this could come back to bite you....hard.
Why risk it? As Nike says....Just Do It! (right from now on)...and master the stock market basics.
Forex Trading Success - You Can Win But You Must Understand This Key Point
Anyone can learn to trade forex and win - it's a specifically learned skill however it's a fact that most traders lose. The key to winning is enclosed in this article and you need to make it part of your essential forex education.
First we are going to start with a rather inspiring story which will illustrate our key point.
Back in the nineteen eighties a famous trader called Richard Dennis set out to prove anyone could learn to trade successfully.
He got a group of people together of, various ages, both sexes and of academic ability and he taught them to trade in two weeks. When they had completed their training, he then gave them trading accounts and they made him $100 million dollars in 4 years. They went down in trading history as legends and the point had been proven - ANYONE has the potential to be a successful trader.
Now we all know that around 95% of trader lose money, so what set this group apart from the herd?
Quite simply, Dennis understood the key point and that is you of course need a good method - but you also need the confidence to execute it, with discipline. If you can't execute a method with discipline, you don't have one!
So why does this present such a problem for traders?
Quite simply, they normally will throw in the towel and deviate from their system, as soon as they incur some losses. Don't believe what you read on the net from so called experts who tell you that you can trade with little or no losses - ALL traders (even the best) encounter losing periods and they can last for many weeks. It is in this period, that you have to stay on course, until you hit a home run.
Many traders of course, get the wrong education and follow junk systems and forex robots from vendors which have simulated track records - but many have a system that could work but can't apply it.
Dennis taught his pupils a simple system (essentially a long term breakout system) but he taught them something more - to have strict money management and confidence in the system, so they could apply it with discipline.
Many traders simply let their emotions get involved and let their losses run out of control. Many simply don't have the confidence in what they are doing because they have not bothered to learn the basics or simply are following someone else.
Forex trading is a battle with yourself and it's not the market that beats the trader, it's the trader who beats himself.
Forex trading is essentially simple and you only need a simple forex trading strategy - but you must understand fully what you are doing and have the mindset to keep executing your trading signals in line with your system, even when your emotions are telling you the opposite.
Forex trading is a combination of a logical, simple, robust method and the discipline to apply it. If you can get a good method and learn to be disciplined and apply it, you can win at forex trading and enjoy forex trading success.
First we are going to start with a rather inspiring story which will illustrate our key point.
Back in the nineteen eighties a famous trader called Richard Dennis set out to prove anyone could learn to trade successfully.
He got a group of people together of, various ages, both sexes and of academic ability and he taught them to trade in two weeks. When they had completed their training, he then gave them trading accounts and they made him $100 million dollars in 4 years. They went down in trading history as legends and the point had been proven - ANYONE has the potential to be a successful trader.
Now we all know that around 95% of trader lose money, so what set this group apart from the herd?
Quite simply, Dennis understood the key point and that is you of course need a good method - but you also need the confidence to execute it, with discipline. If you can't execute a method with discipline, you don't have one!
So why does this present such a problem for traders?
Quite simply, they normally will throw in the towel and deviate from their system, as soon as they incur some losses. Don't believe what you read on the net from so called experts who tell you that you can trade with little or no losses - ALL traders (even the best) encounter losing periods and they can last for many weeks. It is in this period, that you have to stay on course, until you hit a home run.
Many traders of course, get the wrong education and follow junk systems and forex robots from vendors which have simulated track records - but many have a system that could work but can't apply it.
Dennis taught his pupils a simple system (essentially a long term breakout system) but he taught them something more - to have strict money management and confidence in the system, so they could apply it with discipline.
Many traders simply let their emotions get involved and let their losses run out of control. Many simply don't have the confidence in what they are doing because they have not bothered to learn the basics or simply are following someone else.
Forex trading is a battle with yourself and it's not the market that beats the trader, it's the trader who beats himself.
Forex trading is essentially simple and you only need a simple forex trading strategy - but you must understand fully what you are doing and have the mindset to keep executing your trading signals in line with your system, even when your emotions are telling you the opposite.
Forex trading is a combination of a logical, simple, robust method and the discipline to apply it. If you can get a good method and learn to be disciplined and apply it, you can win at forex trading and enjoy forex trading success.
Stock Market Basics - Controlled Trading Leads To Huge Returns...In Good Times And Bad!
As far as stock market basics are concerned, this one is key. If you really want to turbo charge your returns and change your life drastically, you need to have complete control. Not having control over trading methods catches a lot of new traders in their first market cycles or two. They don't fully understand how to behave in certain market conditions.
Maybe they have made a ton of money during a roaring bull market, and can't see the writing on the wall fast enough when the market turns. We all know people who have lost a lot of money during bear markets. I did before I figured out how to protect myself. Only when I lost a lot of money did I learn the painful lessons. It's your choice whether you repeat my lessons or bypass them.
The old ways of doing things needs to change if you are in your first market cycle and a sea change happens. What works during bull markets will get you busted out of the game during bear markets...make no mistake about it.
Market turning points throw up many opportunities for strategic adjustment and further profits. How do you use margin? How much of your account to you leave invested? Do you look for shorting opportunities? Do you sit completely on the sidelines? These are critical stock market basic's to master.
When you have control over the way you trade in all market conditions, then the world truly is your oyster. Not only will you make out like a bandit during the good time, but you'll make even more during the bad times by simply recognising they are bad and switching tact.
So, make no mistake about it...learn the differences in strategies that should be applied during bull markets and bear markets. In addition, learn what market turning points are and how to identify them.
When the tide goes out, all boats sink eventually. When you learn these fundamental stock market basics...then you will make no mistakes that can bust you out of the game!
Maybe they have made a ton of money during a roaring bull market, and can't see the writing on the wall fast enough when the market turns. We all know people who have lost a lot of money during bear markets. I did before I figured out how to protect myself. Only when I lost a lot of money did I learn the painful lessons. It's your choice whether you repeat my lessons or bypass them.
The old ways of doing things needs to change if you are in your first market cycle and a sea change happens. What works during bull markets will get you busted out of the game during bear markets...make no mistake about it.
Market turning points throw up many opportunities for strategic adjustment and further profits. How do you use margin? How much of your account to you leave invested? Do you look for shorting opportunities? Do you sit completely on the sidelines? These are critical stock market basic's to master.
When you have control over the way you trade in all market conditions, then the world truly is your oyster. Not only will you make out like a bandit during the good time, but you'll make even more during the bad times by simply recognising they are bad and switching tact.
So, make no mistake about it...learn the differences in strategies that should be applied during bull markets and bear markets. In addition, learn what market turning points are and how to identify them.
When the tide goes out, all boats sink eventually. When you learn these fundamental stock market basics...then you will make no mistakes that can bust you out of the game!
Wednesday, September 3, 2008
An Overview of the Opportunity of Online Investing
Investing online is quick and easy. There are quite a few different ways to invest online, and you will need to decide which method will be the best for you to get involved with. Gone are the days of having to physically go somewhere, investing through the internet with an online brokerage firm gives you so many advantages: you get rapid transactions, instant access to real time quotes and news, continually updated account information, from the convenience of your home or office PC, and all for an absurdly dirt cheap price.
To be a successful online investor, you need to know your way around the Web and you also need to understand something about investments. Don't take this too lightly, or you will end up losing money!
Stock trading is all about making buy and sell decisions. When you make a trade either your going to lose money or your going to make money, and some other times you will break even. Stock options are an incredibly versatile online investment flavor. Despite their reputation as an instrument for high-rollers, there are several conservative options strategies almost anyone can employ.
If you plan on investment in stocks, a general rule is to hold them for at least 10 years. I would encourage you to not approach investing as a "quick way to make money", because if you do you just might lose your money faster than you can blink an eye. You will want to approach your investment opportunity with caution, and understanding. Believe me, if an opportunity seems too good to be true, that's probably the case. Unfortunately there are a lot of scams out there.
To be a successful online investor, you need to know your way around the Web and you also need to understand something about investments. Don't take this too lightly, or you will end up losing money!
Stock trading is all about making buy and sell decisions. When you make a trade either your going to lose money or your going to make money, and some other times you will break even. Stock options are an incredibly versatile online investment flavor. Despite their reputation as an instrument for high-rollers, there are several conservative options strategies almost anyone can employ.
If you plan on investment in stocks, a general rule is to hold them for at least 10 years. I would encourage you to not approach investing as a "quick way to make money", because if you do you just might lose your money faster than you can blink an eye. You will want to approach your investment opportunity with caution, and understanding. Believe me, if an opportunity seems too good to be true, that's probably the case. Unfortunately there are a lot of scams out there.
How To Use Day Trading
Day trading is a fun way to ride the waves of the stock market, buying and selling securities in a single day which can create some amazing amounts of short term financial gains if you are successful. While day trading can be undoubtedly thrilling to partake, do take the effort to learn as much as you can before you decide to jump in. The more you develop the proficiency, you can expect your gains to be higher.
Day trading actually serves two important functions for the stock market they provide liquidity and keeps the market active. Day traders need up to date information to be able to make a good decision.
You can become a master by learning the art of day trading. Day trading can be rewarding or real disasters. One needs to have the right tools and knowledge to be successful in this undertaking.
Be realistic in your goals. Is Trading Right For You? They only risk capital and those are rather affordable to lose.
The rule to remember is, day traders normally hold on to a position for a few minutes. Develop your skills through training. Traders will let you know that two indispensable ingredients in this business are raw nerves and sheer cunningness. Day-trading rarely will give you the big trade you've been waiting for your whole life.
Follow the trends and never get emotional on any single transaction. The ultimate goal of a day trader is to produce profit in a single day. Risk management is very important for success.
It is important to understand the workings and mechanic of the Forex day trading before you do anything. It is a common sight to see day traders monitoring the stock market continuously throughout the day through computer screen top watch the rise and fall of the shares. One needs to have access to the right information at the right time to be able to make a successful decision.
You can be sure day traders would testify that it is a really exciting business. All successful day traders believe in their own indicator but nevertheless, they know that those are not foolproof. It is wrong to sell on bad days and even fatal to buy on a good one.
Day trading, as the name implies, is the sale and purchase of securities in a single day. You need to realize that this form of trading comes with a great risk. This is not something you want to get involved in without some careful thought.
Day trading involves a lot of risk. So is this a mere game of luck? It is normal for a trader to lose money out of every nine transactions and still make a killing by succeeding in the tenth transaction. It can be really fun once you get the hang of things, but it comes with a mighty risk.
Day trading actually serves two important functions for the stock market they provide liquidity and keeps the market active. Day traders need up to date information to be able to make a good decision.
You can become a master by learning the art of day trading. Day trading can be rewarding or real disasters. One needs to have the right tools and knowledge to be successful in this undertaking.
Be realistic in your goals. Is Trading Right For You? They only risk capital and those are rather affordable to lose.
The rule to remember is, day traders normally hold on to a position for a few minutes. Develop your skills through training. Traders will let you know that two indispensable ingredients in this business are raw nerves and sheer cunningness. Day-trading rarely will give you the big trade you've been waiting for your whole life.
Follow the trends and never get emotional on any single transaction. The ultimate goal of a day trader is to produce profit in a single day. Risk management is very important for success.
It is important to understand the workings and mechanic of the Forex day trading before you do anything. It is a common sight to see day traders monitoring the stock market continuously throughout the day through computer screen top watch the rise and fall of the shares. One needs to have access to the right information at the right time to be able to make a successful decision.
You can be sure day traders would testify that it is a really exciting business. All successful day traders believe in their own indicator but nevertheless, they know that those are not foolproof. It is wrong to sell on bad days and even fatal to buy on a good one.
Day trading, as the name implies, is the sale and purchase of securities in a single day. You need to realize that this form of trading comes with a great risk. This is not something you want to get involved in without some careful thought.
Day trading involves a lot of risk. So is this a mere game of luck? It is normal for a trader to lose money out of every nine transactions and still make a killing by succeeding in the tenth transaction. It can be really fun once you get the hang of things, but it comes with a mighty risk.
How to Buy Sell Stocks Online How to Play The Stock Market ? .. Making Money in the Stock Market
How to Buy & Sell Stocks Online >> How to Play The Stock Market ? .. Making Money in the Stock Market
BY.- http://www.momentumstockpick.com/
One of the most motivating aspects about online day trading is the possibility of taking advantage of stocks that are breaking out and rising fast to new highs.
CERTAIN stocks can achieve extraordinary gains in a matter of minutes or double in price during the same trading day. Knowing when to pick these beautiful jewels can be worth a long lasting gold mine for any day trader.
Unfortunately most beginner day traders rarely take advantage of those incredibly profitable opportunities on a consistent basis, while others don't even know how to manage the trade, because they either sell to fast or get in to late.
Day trading is definitely not rocket science, but You do need to follow a step by step plan that is practical & simple to apply.
Complicated technical systems and information overload can make you slow and confuse you right from the start, making you loose money instead of making your profits grow.
In essence, You can be sure that the trading method you employ to approach the stock market and pick stocks can make a big difference in your results as a trader.
Fortunately some sites on the web can show you how to take advantage of stocks in a practical way every week by minimizing risks. One of those sites is Momentum Stock Pick at http://www.momentumstockpick.com/
Dont' let the lack of knowledge stop you from becoming a successful stock trader.
Remember that people from many walks of life have made a fortune in the stock market.It all started when they chose to learn how to DO IT.
BY.- http://www.momentumstockpick.com/
One of the most motivating aspects about online day trading is the possibility of taking advantage of stocks that are breaking out and rising fast to new highs.
CERTAIN stocks can achieve extraordinary gains in a matter of minutes or double in price during the same trading day. Knowing when to pick these beautiful jewels can be worth a long lasting gold mine for any day trader.
Unfortunately most beginner day traders rarely take advantage of those incredibly profitable opportunities on a consistent basis, while others don't even know how to manage the trade, because they either sell to fast or get in to late.
Day trading is definitely not rocket science, but You do need to follow a step by step plan that is practical & simple to apply.
Complicated technical systems and information overload can make you slow and confuse you right from the start, making you loose money instead of making your profits grow.
In essence, You can be sure that the trading method you employ to approach the stock market and pick stocks can make a big difference in your results as a trader.
Fortunately some sites on the web can show you how to take advantage of stocks in a practical way every week by minimizing risks. One of those sites is Momentum Stock Pick at http://www.momentumstockpick.com/
Dont' let the lack of knowledge stop you from becoming a successful stock trader.
Remember that people from many walks of life have made a fortune in the stock market.It all started when they chose to learn how to DO IT.
Credit Card Offers For People With Bad Credit
Credit Card Offers For People With Bad Credit
As a rule, as soon as you're in a bad credit folder, it is very difficult to reach an agreement for a credit card. However, you have a credit card to people with poor credit instruments the United States. These credit cards are credit cards without the guarantee, in particular for helping people to feel, than the wrong folder credit cards. Although, with a record of bad credit history, May is not in a position to an average housing credit card. A credit card is no guarantee that in most cases, a credit limit poorest, and high interest rates. But in reality poor credit history, you May is not yet in a position to buy one. Many companies can help the victims outside their state, you with your credit card without any guarantee for the people bad credit record. They meet the promises of advertising grant his application for a credit card, even if you have a bad credit record. But you can collect many are from the first reading between the lines, and is in the company offers the best conditions.
The credit card offers people are bad debt holders of credit cards is not guaranteed. Some credit cards without a guarantee gives people bad credit file is for the people who repair and re-construct its historical mean. In the past rejected if by some banks and credit card companies because of their bad credit folder, your application can now by credit card gives people bad credit cards. These credit card gives people bad credit folder, with a much lower limit of credit cards but with your credit card gives people bad credit folder in the amount of the interest rate. At least you will be able to offer a credit card with a credit card gives people bad credit record. If you own credit cards wrong folder, May You do not have the choice of the best credit card offers people bad credit record. As the reason for this is that for most purchases, we need a credit card than a credit card, the people bad credit record. Nevertheless, we must carefully consider the choice of the credit card people bad credit file within the shortest possible time.
Take a look at several issuers of credit cards in credit card number gives people bad credit record. Look at the kind of transactions, the credit card people bad credit record. Compare the interest rates and fees by credit card to the people bad credit record. They also have different look on the costs by credit card offers people bad credit record. How did you hopelessly out that most credit cards gives people bad credit record. However, it must be patient, please credit card offers for people with bad credit instruments reduction of taxes and other charges to escape, and without scruples credit card offers people bad credit record. It May a number of companies issuing of credit cards offers people bad credit card.
But before you leave the better society which is credit card gives people a bad credit card. Some companies issuing of credit cards offers people the wrong credit card can be different contribution rates each year created programs and costs. And the credit card offers people the wrong credit card does not know what may be the participation fee per month and an additional payment and more, allowing interest rates credit card gives people a bad credit card. Therefore, all these costs by credit card for bad people folder credit cards offer credit cards to see and where only an annual fee and other small on the credit card gives people bad folder credit cards - credit card.
One option would be credit card does not guarantee the people bad credit file credit card would be an ideal choice. Since that credit card guarantees gives people a bad credit card loans, a measure of control over the expenditure of foreigners. An important point, with these credit cards without a guarantee gives people bad credit file credit card, make sure that the payments regularly every month, with no guarantee of your credit card gives people a bad credit card loans.
As a rule, as soon as you're in a bad credit folder, it is very difficult to reach an agreement for a credit card. However, you have a credit card to people with poor credit instruments the United States. These credit cards are credit cards without the guarantee, in particular for helping people to feel, than the wrong folder credit cards. Although, with a record of bad credit history, May is not in a position to an average housing credit card. A credit card is no guarantee that in most cases, a credit limit poorest, and high interest rates. But in reality poor credit history, you May is not yet in a position to buy one. Many companies can help the victims outside their state, you with your credit card without any guarantee for the people bad credit record. They meet the promises of advertising grant his application for a credit card, even if you have a bad credit record. But you can collect many are from the first reading between the lines, and is in the company offers the best conditions.
The credit card offers people are bad debt holders of credit cards is not guaranteed. Some credit cards without a guarantee gives people bad credit file is for the people who repair and re-construct its historical mean. In the past rejected if by some banks and credit card companies because of their bad credit folder, your application can now by credit card gives people bad credit cards. These credit card gives people bad credit folder, with a much lower limit of credit cards but with your credit card gives people bad credit folder in the amount of the interest rate. At least you will be able to offer a credit card with a credit card gives people bad credit record. If you own credit cards wrong folder, May You do not have the choice of the best credit card offers people bad credit record. As the reason for this is that for most purchases, we need a credit card than a credit card, the people bad credit record. Nevertheless, we must carefully consider the choice of the credit card people bad credit file within the shortest possible time.
Take a look at several issuers of credit cards in credit card number gives people bad credit record. Look at the kind of transactions, the credit card people bad credit record. Compare the interest rates and fees by credit card to the people bad credit record. They also have different look on the costs by credit card offers people bad credit record. How did you hopelessly out that most credit cards gives people bad credit record. However, it must be patient, please credit card offers for people with bad credit instruments reduction of taxes and other charges to escape, and without scruples credit card offers people bad credit record. It May a number of companies issuing of credit cards offers people bad credit card.
But before you leave the better society which is credit card gives people a bad credit card. Some companies issuing of credit cards offers people the wrong credit card can be different contribution rates each year created programs and costs. And the credit card offers people the wrong credit card does not know what may be the participation fee per month and an additional payment and more, allowing interest rates credit card gives people a bad credit card. Therefore, all these costs by credit card for bad people folder credit cards offer credit cards to see and where only an annual fee and other small on the credit card gives people bad folder credit cards - credit card.
One option would be credit card does not guarantee the people bad credit file credit card would be an ideal choice. Since that credit card guarantees gives people a bad credit card loans, a measure of control over the expenditure of foreigners. An important point, with these credit cards without a guarantee gives people bad credit file credit card, make sure that the payments regularly every month, with no guarantee of your credit card gives people a bad credit card loans.
Housing loan:practical or not?
My husband and I really wanted to have our own house since the day we got married but decided to put it aside for the meantime due to financial status. We never stop dreaming of it though. For us, to have a house we can call our own is a dream come true. Who wouldn't want it?
Just this year, we decided to put our dream into reality since we're not getting any younger. The only problem is we don't have enough money to buy a house. And so we opted for a housing loan. Housing loan for me is a practical way of having your own house if your finances are tight. It offers you a wide variety of payment scheme. And so, you are able to choose which scheme best suits your ability to pay. It's both practical and pocket-friendly,if you know what i mean:)
So, if your planning to buy a house, you don't need to have a lot of money. Just be practical and get a housing loan.:)
Just this year, we decided to put our dream into reality since we're not getting any younger. The only problem is we don't have enough money to buy a house. And so we opted for a housing loan. Housing loan for me is a practical way of having your own house if your finances are tight. It offers you a wide variety of payment scheme. And so, you are able to choose which scheme best suits your ability to pay. It's both practical and pocket-friendly,if you know what i mean:)
So, if your planning to buy a house, you don't need to have a lot of money. Just be practical and get a housing loan.:)
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