Tag Archive | "financing tips"
Find a Flexible Lender
What is the best course of action in locating a lender if you are a student requiring financial aid? Every college and/or university has a financial aid office. This office will be able to provide you with a “Preferred Lender List” via their online website or by visiting the college financial aid office. This is a [...]
Continue reading...Retirement Guidelines
Wednesday, June 10, 2009
Thinking about retirement? Here are a few pointers to look into before making the decision: Source: nefe.com Work - If you are healthy, don’t stop working until you prove you can afford to. - Aim to work at least until your full retirement age (66 to 67). It produces many benefits, including prolonging any health-care coverage you may have, [...]
Continue reading...Tips for Paying Off Credit Card Debt
Monday, June 8, 2009
Experts will tell you that the best way to pay off credit card debt is to make a list of your credit cards with the highest interest rates cards first. Then, for the card at the top of the list, pay off as much as possible each month instead of making the minimum payment. When that [...]
Continue reading...Stock Broker Advice
Friday, June 5, 2009
Source: Rob Peters, activeauthors.com Why is it important to obtain stock broker advice? Dabbling in the stock market is a great hobby or even a full time occupation for many individuals, even with today’s market as it is. Some of the individuals who trade stocks do so on their own while others use stock broker advice [...]
Continue reading...Credit Crunch Explained!
Thursday, June 4, 2009
The current credit crunch originates back to the problems with the implementation of the TARP (Troubled Asset Relief Program). The U.S. Treasury, under the direction of Secretary Paulson, asked for and received permission from Congress to bail out financial institutions to the tune of $700 billion dollars. Initially, the first $250 billion dollars was given those [...]
Continue reading...Five Retirement Mistakes to Avoid
Wednesday, June 3, 2009
Source: SmartMoney.com Preparing for retirement is no easy feat in the slumping economy. Even if you diligently stash money away for decades, one investment misstep can mean the difference between a relaxing retirement filled with days playing golf on the back nine and one that requires you to slave away at a job for years longer than [...]
Continue reading...Options Trading Guidelines
Wednesday, June 3, 2009
Source: financialpicks.com Pros: Going into options trading gives you tremendous opportunity for huge gains. 500%+ gains are not unheard of at all. Also, the worst that can happen is your option goes to zero. It’s not like other leveraged products like S&P 500 futures where you can lose more than what’s in your account. Cons: Options decay [...]
Continue reading...Sub-Prime Mortgages
Wednesday, June 3, 2009
A sub-prime mortgage is that which is given to homeowners who have less than a stellar credit rating. For example, someone with a FICO score of 600 or lower may be eligible for a mortgage, but the interest rates would be much higher than for someone with a FICO score of 700 or above. The sub-prime mortgage [...]
Continue reading...Why It’s Important to Obtain Stock Broker Advice
Monday, June 1, 2009
Source: goodinfohome.com Dabbling in the stock market is a great hobby or even a full time occupation for many individuals, even with today’s market as it is. Some of the individuals who trade stocks do so on their own while others use stock broker advice to help them make the wisest decisions possible. Stock brokers are individuals [...]
Continue reading...Bonds Basics
Friday, May 29, 2009
Source: aarp.org When you buy bonds, you become a lender. The bond issuer is the borrower. The bond issuer might be a company, a city, a state, or a federal government agency. They may borrow for short periods to manage cash flow or cover operating costs, for example. They may also borrow money for longer-term goals [...]
Continue reading...Which Savings Account Is the Right One for You?
Friday, May 29, 2009
There are several types of household savings accounts that anyone can open at their local bank. Let’s take a look at four of them. 1. The first is a regular passbook savings account. The bank may require an initial deposit in order to open the account. However, you can deposit and withdraw money at any time, [...]
Continue reading...Would Debt Consolidation Work For You?
Wednesday, May 27, 2009
If you have a multitude of credit card bills, one option you can utilize to pay off most of them is through debt consolidation. For example, let’s assume you have several credit cards with high interest rates. The monthly payments are becoming more difficult to pay, and you feel as if the hole you are in [...]
Continue reading...Tips for Savvy Shoppers
Wednesday, May 27, 2009
It seems that most of us became savvy in shopping during the holidays, as is shown by the decline in revenue for most department stores. This is not a bad thing, but it seems clear that we have been forced into becoming smarter purchasers in lieu of the current economic crisis. With so much uncertainty about [...]
Continue reading...Basics of Day Trading
Friday, May 22, 2009
Source: daytradersbulletin.com Day trading means short-term trading. Positions are closed prior to the end of the day and no contracts are held overnight. Day traders are simply executing their trading decisions in a tiny time frame. Effective day trading consists of a combination of the following factors: 1. technical analysis 2. money management principals 3. psychological issues Technical analysis is not [...]
Continue reading...Advantages and Risks of Margin Trading
Friday, May 22, 2009
Source: estockwise.com The advantages of margin trading, of course, have to do with profit. Since margin trades allow you to invest more, they allow you to profit more - sometimes much more. Since most margin accounts do not demand that you pay back your loan right away, you can keep enjoying more investment money that you [...]
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Wednesday, June 17, 2009
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