Thursday, March 31, 2011

Hey Everyone ,Want to know how I truely made quick cash Online, while just browsing the Internet For Only 5 hours...

Hey Everyone ,Want to know how I truely made quick cash Online, while just browsing the Internet For Only 5 hours...

Word Count:

You earn revenue from AGLOCO by a very useful but small viewbar on the bottom of your screen. This viewbar collects the revenue you are earning and sends it back to them while at the end of each month you get a share of there all up earnings, including company stock.

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Article Body:
I have been searching around for quite awhile for a nice little money making idea so I can have my share in the online revenue. I have recently found a very promising idea from AGLOCO which I am currently earning straight out cash from!!

You earn revenue from AGLOCO by a very useful but small viewbar on the bottom of your screen. This viewbar collects the revenue you are earning and sends it back to them while at the end of each month you get a share of there all up earnings, including company stock.
The Viewbar has many features like the Google search bar and some useful text advertisements in your interest in the middle. The Viewbar has no virus or any other tracking software as the Viewbar includes privacy protection, spyware protection and phishing protection as Privacy is one of the main principle of AGLOCO.

As you only have to spend up two 5 hours a month to earn cash, you can also refer other people, as you will also get there hard earn’t viewbar earnings and referrals. AGLOCO enables you to collect earnings from up two referral levels, But don’t be fooled, you don’t take THERE full potential revenues, you just take More money from AGLOCO.

So Join AGLOCO Today! And get your share of the money passing by online now!!!

Or you can go to my Site which will explain AGLOCO in further details, on how AGLOCO works and how you can maximize your full earning potential. Also with many helpful AGLOCO videos, showing you how to customize your viewbar and more……

Wednesday, March 30, 2011

Going Cashless

Many people believe that eventually, and sometime in the not so distant future, no one will carry cash in their pockets, and everything will be purchased using plastic. Others think that will happen around the same time that people start driving around in space cars, or when we have domesticated robot maids to clean our homes and make our meals. Whether it becomes a reality or not, it’s quite possible to live almost cashless in our current society!

Think about it. When you get gas, almost every gas station has a pay at the pump option. Grocery stores, department stores and almost anyplace where there is a cash register can accept credit or debit cards, and you can even pay your waiters a tip from your card when dining at the restaurant. Fast food and drive through windows are even accepting debit or credit cards, now! So, if a person truly wanted to stop carrying cash all together, it would just about be possible by using debit cards, prepaid credit cards or regular credit cards to handle all of your financial transactions.

As with any choice there are advantages associated with going “cashless” or not, as well as disadvantages. Using cash requires an in person transaction. You shouldn’t mail cash through the postal service, as it’s very easily stolen, and you are unable to purchase online using cash. Cash however, helps maintain anonymity when you buy items or pay for services, where as a credit card reveals information about you to the vendors that you may not want them to have. Privacy is a concern, and using plastic means there is a chance for fraud or identity theft.

A problem many people have with credit cards is over spending. It’s very easy to spend more than what your budget allows when you aren’t counting out the actual cash and seeing the hard earned money leave your hands. The “I’ll pay it later” is much easier than saving money for that expensive purchase, and most of the time, something comes up that prevents us from paying it completely when “later” actually arrives. When using plastic for purchases, however, you are less likely to drop your card on the floor while pulling out one of your other credit cards like what often happens with cash. Have you ever stood behind someone in the grocery store line, and as they’re reaching in their wallet or purse for a $20, another couple of bills happens to fall out? Losing cash means it’s gone forever (unless some really nice soul sees it happen and gives it back to you!) but you do have some additional security when your credit cards are stolen.

The biggest disadvantage of going cashless is the amount of interest you’ll pay when you don’t pay off your balances at the end of each month. It may be extremely convenient to swipe your card everywhere you go, but when your statement comes you better hope you have enough to cover it or else each of your purchases are going to cost you well more than the price tag indicated!

Deciding whether to carry cash or go “cashless” is a personal decision for now, as we still have the ability to use both. It’s hard to say whether or not we will ever be forced to use only plastic, but you can bet if the credit card companies have their way we will become a cashless society! Until then, become familiar with the advantages and disadvantages of each option, and decide which will work for your personal financial habits and discipline.

Tuesday, March 29, 2011

Getting Tired Of Paying So Much Interest, Try A Used Car Instead

Used cars are a great way to get a vehicle at a discount price. Prior to purchasing used cars, the buyer should research thoroughly to determine if it is better to go through a dealer or a private buyer.  When going through a private buyer, you may be able to get the vehicle for much cheaper but there is also usually no warranty available.

If you need to finance the vehicle, most private sellers will not accommodate this. You will have to go through your bank or credit union in order to get financing. Dealers, however, often offer financing on their used cars. Just like with new cars, there are many sources of funding available and if you have good credit will be able to qualify easily for a loan. Some dealers also specialize in financing used cars for people who have poor credit including late payments and bankruptcies. They will require a significant amount that will go down on the car and then require weekly payments that have to be paid on time.

The payments are typically affordable but the interest rate on the loan is usually very high. If at all possible, you should avoid buying used cars and financing them in that manner. However, for people who are in need of a car and have severely damaged credit, this may be the way to go. You will need to analyze your budget and determine how much you are willing and can afford to spend.  A buyer can research make, model and prices of vehicles by looking at local newspapers, magazines, or searching the Internet. 

You can get Blue Book values of used cars to determine if the asking price is reasonable or not. A buyer should look at the gas mileage they would get from the prospective vehicle, as well as frequency of maintenance and cost of repairs and parts.  If a car was maintained well, it is probably in better condition and will last you a lot longer. Lemon laws vary from state to state but usually there is a requirement for a change of heart to occur within the first couple days of the sale.

Monday, March 28, 2011

Futures Option Spreads – Delta Neutral Trading

There are many ways to trade futures option spreads. One way is to trade spreads that can profit from time decay. You can sell options which you believe will lose more time value than the options you buy.

Another way is to buy and sell options based on their deltas. Some of these trades are called delta neutral trades. Delta neutral trades are option trades in which the total delta of all the options is Zero. At the money options have a delta of 50.

If you buy an at the money call, you will have a
delta of +50.

If you sell an at the money call, you will have a
delta of -50.

If you buy an at the money put, you will have a
delta of -50.

If you sell an at the money put, you will have a
delta of +50.

Basically, the deltas will be determined by where you want the market to go. Think of it this way: If you sold an at the money call option, where would you want the market to move to? You would like it to go lower. So, you would have a delta of -50.

If you look at most at the money options, you will find that they are usually not at 50. That is because they are not exactly at the money. We still refer to these as the at the money options because they are the ones that are the closest to being there. It might have a delta of 47 or 53.

If you purchased one at the money call and one at the money put, you would be delta neutral. The call will have +50 deltas and the put will have -50 deltas. The total is zero. This is a very simple delta neutral trade.

Another delta neutral trade is a ratio back spread. An example of this trade would be to sell an option that is at the money and buy a greater number of out of the money options. You might sell one call option at the money (delta -50) and buy 2 call options out of the money (delta +25 each). You would be delta neutral. You would want to put this on for a credit or at even. You can also put it on for a debit but then you would care a little about market direction.

If you put it on for a credit or even money and the market was lower at expiration of the options, you would break even or earn a small credit. If you put it on for a debit, you would lose the debit amount if the market was lower at expiration of the options. In either case, if the market went sharply higher, you have a chance for unlimited profit, because you have purchased more options than you sold.

Most traders teach that ratio back spreads should be done in the far months only. This is because you have more time to be correct with a big move. The problem that I have found is that you are giving up too much for the time advantage. The options you buy out of the money are not priced at an advantage compared to the ones at the money. You can look at the theta to see how much each option will lose per day or per week.

You can also see that in order to have a lot of time left in the trade, the difference in strike prices between the option you sell and the options you buy are too much. It will take a bigger move before you have unlimited profit potential.

If you are expecting a big move, think differently than the norm and start to look at options that have 20 -40 days left. The options you buy compared to the options you sell, should be priced better. Everything is in relation to something else.

So the next time you hear someone recommending the same old ratio back spreads, take a look at the difference months to see where the real advantage is.

Sunday, March 27, 2011

Free Payday Loan - What's The Catch?

No requirement of credit card check? Is it really possible? Yes this is what makes payday loans so much in demand in the contemporary times. Payday loans are especially designed to help those who are suffering from shortage of cash. The process of their pay cheque being at hand will take some amount of time and it is exactly here where the free payday loans and helps your situation by being a major help in any financial crisis. Free payday loans come handy until your next pay cheque gets cleared and you can meet your financial requirements with the amount of money that has been offered to you as the loan amount.

Free payday loans are also very quick to be processed and in no time you will find the cash directly transferred to your bank account and are generally regarded as hassle free cash. They are short term loans and have a very high rate of interest. There's the catch that no one seems to notice in their urgency or recklessness at being able to acquire cash. The repay process is also very simple and the amount should usually be returned once your pay cheque gets cleared and you have sufficient cash in your bank to fall back upon. The payday loans also possess the advantage of being renewed and the term can also be extended. Now this is where they have you thinking how beneficial they are but the truth is you are already so smitten by the system that you no longer have your better senses prevailing over your sense of judgement. Postponing the repayment date simply implies that you will have to pay high interests month after month, wonder why that isn't highlighted?

Free payday loans are often regarded as controversial but they do fill the certain need which arises at the times of emergency. And as the process takes minimal time it is regarded as the last resort of those who are stuck with a smallish financial crisis. It is also discreet as no third party is involved. The required financial information is not shared with anyone and this is one reason which makes it more secure. Now does this discretion really make you feel secure? Well just in case it does, at least try and remember that it's better to be a good financial manager rather than opting for free payday loans to make your life more complicated with the additional burden of loan.

Saturday, March 26, 2011

Forex And Commodities Futures And Options. What To Know Before You Trade.

The popularity of trading futures and options has been growly rapidly for several years. The ease of accessing constantly updated data online has prompted an increased fever by day traders to attempt to be successful and make money in this risky investment area. Individuals can now trade these markets with the same ease and speed as large companies.

Trading forex ( foreign exchange ) and commodity futures and options is not for everyone. It is a complex and risky business that experiences volatile price and value swings. Before you invest any money in forex, commodities futures or option contracts, you should:

• Consider your financial trading experience, goals, and financial resources and know how much you can afford to lose above and beyond your initial payment.

• Understand commodity futures and option contracts and your obligations before commiting your finances into trade contracts.

• Understand your risk exposure and aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

• Know who to contact if you have a problem or question.

• Ask more questions and gather more information before you open an account.

Commodity futures and option contracts:

A futures contract is a legally binding agreement between two parties to buy or sell a specific financial product or commodity in the future, on a designated exchange, for a specific quantity of a commodity at a specific price. The buyer and seller of a futures contract will agree now on a price for a product to be delivered, or paid, for at a specifically set date and time in the future, which is known as the "settlement date." Actual delivery of the commodity can take place in fulfillment of the contract, but most futures contracts are actually closed out or "offset" prior to delivery.

An option on a commodity futures contract is a legally binding agreement between two parties that gives the buyer, who pays a market determined price known as a "premium," the right (but not the obligation), within a specific time period, to exercise his option. Exercise of the option will result in the person being deemed to have entered into a futures contract at a specified price known as the "strike price." In some cases, an option may confer the right to buy or sell the underlying asset directly, and these options are known as options on the physical asset.

In the United States, an individual, cannot trade futures contracts and options on futures contracts directly on an exchange. A person or firm must trade on your behalf. People and firms who trade on your behalf as a customer generally must be registered with the Commodity Futures Trading Commission.

Two general categories of trading accounts:

• Individual Account. In an individual account, trading is done only for you. An individual account may be setup as either a "non-discretionary" or a "discretionary" account. A "non-discretionary" account, means that you will make all of the trading decisions and the broker may not execute any transactions without your prior approval and consent. A "discretionary" individual account, means that you give permission to the broker firm carrying your account or some third party to make trading decisions on your behalf.

You may open an individual account with a registered Futures Commission Merchant or through an Introducing Broker. An Introducing Broker may accept your orders and transmit them for execution to a Futures Commission Merchant with which the Introducing Broker has a relationship. You deposit funds directly with the Futures Commission Merchant. In an individual discretionary account, you grant power-of-attorney to a Futures Commission Merchant, an Introducing Broker, one of their Associated Persons, or a Commodity Trading Advisor to make trading decisions on your behalf.

Commodity Pool. You may also trade commodities through a "commodity pool." This means you are purchasing a share or interest in the pool, and trades are executed for the pool as a whole, rather than for the individuals who have interests in the pool. Pool participants share in any gains or losses.

If you have a dispute or a problem arises out of your commodity futures or option account, first try to resolve the problem with your broker. If that is not successful, then you have options for resolving disputes: (1) the CFTC Reparations program; (2) industry sponsored arbitration; or (3) court litigation. In selecting a particular approach, you may want to consider the cost, length of time involved and whether or not the assistance of an attorney is required. More information on dispute resolution is available from the CFTC's Office of Proceedings (202-418-5250).

A Checklist "Before You Trade":

Make sure you have:

• Clearly identified your financial goals, including the amount of risk and loss you can handle?
• Determined how much assistance and help you may want from a trading advisor in making trading decisions?
• Checked the registration status and disciplinary history of the advisor or pool you select with the National Futures Association?
• Received and thoroughly reviewed the disclosure document -- before you open an account?
• Clearly understood the disclosure document, including the statement of fees, the potential for loss, your right to withdraw your funds and the "break-even analysis?"

Make sure you ask questions for anything that you do not understand. Remember, it is your money, make sure you know where it is going.

Call the CFTC or the NFA with any questions you may have?

Friday, March 25, 2011

Foreclosure Help: Your Best Friend in Tough Times

Being stuck in a foreclosure situation is a real pain in the you know what! Every year thousands of people and homeowners fall into this trap where they hide behind closed doors hoping that the debt collectors would just go away. The truth is you can indeed make them go away- but only if you take decisive action as early as possible.

In fact, it's a major tragedy that many folks ultimately foreclose on their homes which could have prevented if they owned up to the situation and followed through with some basic actions. Many of them simply sit on their hands and hope for a miracle. Although that might work in some cases, you still ought to give it a good ol college try- because at this point you've got nothing to lose for trying.

The very first thing that anyone facing this difficult situation should do is contact their loaning bank or credit union to see what can be done. Here's a big secret for you, your debtors actually want to help you! They have a lot of things swimming on their minds as it is and it's a huge hassle for them if you go into foreclosure- they'd much rather get you out of it. It's simply good business sense.

In many cases, especially if you catch onto the early stages of this process, your lending institution representative will offer help so that you can avoid foreclosure- by a long shot. Until this first step is done, do not work with private individuals claiming to be investors who want to get the property off your hands. Not all of these guys are scam artists, but if you do decide to work on selling off your home or negotiate a deal with a third party, it's advisable to have a knowledgeable real estate attorney with you during discussions.

Thursday, March 24, 2011

Five More New Trader Pitfalls You Can Avoid

Trading can be rewarding. You can make lots of money. You can have tons of fun. You can have something to brag about to your friends. Unfortunately, trading can also just as easily lead to financial distress and high blood pressure if you don't go about it the right way. Here are a five more things you can do as a fledgling trader to get off on the right foot.

#1 Have a System!

You will not be a successful trader if you do not have a system. They come in all different shapes and styles, but there are a couple of common elements. A system has both entry and exit determinants. A system can also be described. If you cannot verbalize your system, it's not a system. If you don't have rules for both entry and exit, it is not a system.

#2 Take the Time to Learn!

Many, many dollars can be saved by new traders if they take the time to learn and practice. There are so many resources so readily available today that there is no excuse for not entering the markets prepared to do battle. Demo accounts can be found for all major markets. That means you can practice your order execution, and you can paper trade your system to confirm its viability before putting a single dollar at risk. To do otherwise is foolish.

#3 Trade in the Right Time Frame!

You have a life beyond trading. May be you have a job or go to school. You have family and social commitments. All of these things combine to determine the timeframe you can use. It does not make sense, for example, to try day trading when you cannot not monitor the markets almost continuously. In my own trading, there are times when I can day trade or swing trade (1-3 day position durations), but there are others when I know I won't be able to dedicate as much time to the markets and therefore have to take longer-term positions. You must find a trading time frame that fits your lifestyle.

#4 Trade the Right Market(s)!

What often happens with new traders is that they get in to trading because of some experience they had which introduced them to the thrill of the game. That experience probably also got them in to a certain specific market, like stocks or foreign exchange. An emotional attachment is established. Needless to say, this isn't the best way to pick the market you should be trading. The various markets have different trading profiles. Some are more volatile than others. Some are good for trading intraday, while others are better for longer-term action. The process of deciding to begin trading should include a hard look at what market you should trade based on your account size, trading time frame, and
risk tolerance.

#5 Understand the Risks!

Every market has different risk factors. In fact, each trade has its own distinct risk factors. You need to be aware of them. You may have a general awareness that the market may not go the way you thought. That is certainly true, and that is why stop loss orders are advocated. It is how the market can go against you, though, that is important. In the major markets, things like economic releases, earnings reports, and statements by government officials can influence prices. Some cannot be avoided, like a natural disaster, but others can be by simply being aware of the calendar and taking measures to guard against an adverse data release or speech by someone like the Fed Chairman.

As a new trader, you will make mistakes. If you take the advice of this article and it's predecessor, "Five New Trader Pitfalls", you can avoid some of the bigger potential pitfalls. That could both save your money in avoidable losses, and potentially lead to more profits.

Wednesday, March 23, 2011

Earn Money Now!

What are you waiting for? Haven't you realized that the future is on the internet? Whether it is online marketing or simply working for companies that are computer based with employees that work remotely. If you don't do it you may always regret it because sooner or later you will be force to make the switch but you won't be the master of your own domain like you are now.

Another huge advantage to this type of job are that you don't have to worry about an actual physical product whether it be the storage, distribution, or tech support for it. Most often you earn money via commissions for selling other people's products. You also aren't limited by geography in your market. You can sell to people in Guam just as easily (other than maybe language barrier) as to your neighbor. The web allows you more
potential diversity of cash flow than your typical job does as well. If one channel of income dries up you will typically have 2 or 5 or 13 other sources to fallback on while you repair or replace the first.

So what are the other advantages to having the ability to earn money online? Well there are several! There is increased ability to automate and therefore be working even while, you are sleeping. You also don't have to work in the typical and uncomfortable cubicle. You can work when you want which lends more flexibility to take that needed vacation when you need it rather than simply when you can so that you don’t miss a busy week of work (after all isn’t that the idea of a vacation?). You can also work where you want--at home, in the coffee shop, or in Belize for that matter. You can also (maybe most importantly to me) wear what you want. Gone are the days of slow suffocation for the sake of the status quo wearing ridiculous ties.

So this sounds good right? Is there something you waiting for? think that the initial risk of quitting your job to earn money online is too high? Well then don't quit your career! You can easily maintain both a normal job and an additional income at the same time and you will find very quickly that you have nothing to fear. What about startup? Well depending on how you start some (surveys, party poker, etc.) have very little cost assuming you already have a decent computer and connection to the internet. Other cheap options include the online auction sites. Do your self a favor and don't wait, now is your chance to beat the impending stampede and at your own level of comfort.

Tuesday, March 22, 2011

Easy To Follow & Profitable FOREX Signaling Service

Over a short period of time, the foreign exchange market has managed to become the world's largest financial market. Until recently, only large trading houses could utilize the potential of the FOREX market, but the widespread use of the internet and other communication devices have opened up the FOREX arena not just to small and medium traders, but also to individual investors. Needless to say, a large number of individual investors have jumped into the FOREX trading business and are busy making profits online while trading from their personal computers. In fact, you can also start trading in FOREX through one of the many easy to follow & profitable FOREX signaling services that are available on line.

A number of FOREX brokers and traders are offering individuals trading platforms through their online trading portals that combine FOREX signaling services along with trading options. You can become a member of one of these easy to follow & profitable FOREX signaling services and starts making money through FOREX trading. However, it is advised that you try to gain some background knowledge and information about FOREX trading and signal interpretation and action before putting loads of your hard earned money into FOREX trading, for while the profits in this business can be humungous, the losses can also be devastating. As a beginner, you should first find a FOREX signaling and trading platform that you understand well and start trading with small amounts, gradually increasing your risks as you understand the market better.

The best easy to follow and profitable FOREX signaling services is . These services are easy to understand for beginners and show real and honest results. No matter what service you use, you should try to learn as much about the trade as possible so that you understand the nuances of signaling. Another thing to keep in mind is to try out a service before signing up. Most portals allow users a "demo" or free use of their service for a certain period of time when they can decide whether they want to sign up or not. Sign up with a service only when you get the hang of it and when you are sure that you can handle your transactions well. It is a good idea to begin your subscription when the month begins, so that you can compare your results with that posted by the service that you are using. And even if you think that you do understand everything, it is a good idea to play safe with small sums of money till you start making constant profits.

Monday, March 21, 2011

First step to Build credit

Getting a credit card, use a couple of times a month, and pay it off any other time, and 3 / 4 the other half. Every two months to call the company credit card and ask for an increase in the credit line. Correcting errors on your credit report. It must demonstrate its report to the lender that he will get his money.

Some retail petrol and credit card - are not in rotation (not carry a monthly balance), and sometimes are easier to get a regular card. Over time, they can help to establish the story. If you don 't have a checking account, open one. She has very little credibility with donors if don 't have at least one bank account and, preferably, a savings account as well. Just as important, be sure not to overdraw your bank account. Bouncing control sends a signal to potential donors that you can 't handle your everyday finances and therefore are not a good credit risk.

With careful planning and some 'knowledge of how donors problem credit, you can establish a credit history fairly painless. There are many companies in line waiting to take advantage of you for charging exorbitant fees or interest rates, so be careful out there.

Sunday, March 20, 2011

Five Simple Tools For Trading

Copyright 2006 Billy Williams

In this day and age of trading, traders and investors have enormous resources at their disposal. You have real time data feed that can pull and current future contract on any exchange at the tips of their fingers, you can determine at a glance the bid and ask price on any publicly traded company, and you can immediately pull up the delta reading on any option being currently traded. Yet, thought you live in this “Golden Age of Trading” you might also realize that traders today struggle to be a consistent winner just as hard as aspiring traders did a century ago. Technology is an incredible asset but the greatest edge that you have as a trader lays within your own mental and emotional resources as well some simple tools to help you reach the success you want.

The first thing any trader should do is go out a buy two simple manual with blank pages to serve as trading diaries. The first diary is to record all of your trades on this diary and review it every week, month, and year to look for any patterns that occur within your trading. One time, I took a quarterly review of my trading diary and discovered that some of my biggest losses occurred when I was daytrading e-mini futures on option expiration day. After noticing that I decided to avoid trading on that day and take note of my results at the next quarterly review and when I did I noticed that I avoided being whipsawed in the poor price action that occurs on such days and my bottom line improved another 12% each month.

The second diary should be to record all your thoughts and feelings leading up to each trade. I started doing this when I was reaching a plateau in my intermediate to long term stock strategies and discovered that just before I would take a string of losses I would experience a type of euphoria because I had just closed out a big winning trade. After feeling overjoyed at the huge gain I would want to immediately find another stock to invest in to keep that good feeling going and my selection process would not be as strict and my bottom line would suffer. Fortunately, I had been keeping track of the mental and emotional states/biases I had leading up to these trades so that I could review to discover and patterns that could be improved upon and, as a result, I could make the necessary corrections.

The third tool I would recommend to you is to find a blog that discusses the trading. Most trading bloggers are experienced in their field and find that by having a format to put their trading ideas on the line as well as interact with other traders of all levels helps them to learn perfect their trading even more. Make sure that you find a format that covers the subject you are interested in whether it’s trading futures, mutual funds, real estate investment, trading stocks, option trading, etc. Also, make sure that the author trades in a time frame that you are interested in whether it’s long-term swing trading, or day trading. The fourth tool is to participate in a forum where you can interact with other like minded people who are interested in the subject. Forums are a great way for traders of all levels to get together and form a kind of “Master Mind” group. Master Mind groups were originally written in one of the great self-help books of all time in “Think And Grow Rich” by Napoleon Hill. Hill wrote that it was productive to form groups with motivated individuals to help brainstorm for new ideas and support one another’s progress. Undertaking an activity like trading can be a little confusing as to what first steps to take and how to put together a trading plan that makes sense and is effective. The opportunity to interact with all levels of traders whether beginning or professional will build your experience and confidence as well as help you avoid costly mistakes.

The fifth tool, and in my opinion the most important, is to find a mentor/coach to help you with your trading. I once talked to a floor trader on the CBOE that only had a high school education in an environment where everyone had the minimum of a business degree from one of the Ivy League schools who told me the reason he was so successful on the floor was because he had a veteran trader coach him. All the other floor traders had to have an advanced degree in business just to get an interview with a firm to possibly trade on the floor for them but he had a mentor that actually took him under his wing and taught him how to trade and as a result he became a very successful floor trader for a major options firm.

Trading vendors will often try and sell beginners as well as professionals all types of new indicators, trading systems, or expensive seminars but the truth is that there are simple tools out there that anyone can take advantage of to further their trading skills. Consider taking advantage of these five simple tools here to help further your trading education and skills and soon you may find that your trading will improve just as well if not better than buying all the new toys that the industry pushes on traders.

Saturday, March 19, 2011

Highway Robbery

Beware; we have modern-day “Dick Turpins’” at work on our roads. Not quite “Stand and deliver” at gun point, but there’s a striking similarity.

Innocent drivers are being targeted in this frightening new crime which appears to spreading across the country. Effectively, we have an ambush situation.

This is what can happen:

· You may be following a vehicle, generally an ageing car or van, onto a roundabout or slip road. This vehicle, which often has no brake lights, brakes hard and you cannot avoid slamming into it.

· There may be two cars involved. One is in front of you and another one may veer into its path, the car in front of you brakes hard and you crash into it.

These “set up” crashes commonly occur at really busy roundabouts or motorway slip roads. The instigators of these incidents are skilled at pinning the blame on the innocent motorist. These modern day highwaymen work in teams, owning and managing repair garages and car hire companies. These firms present falsely inflated invoices for work carried out, hire of a car whilst the car is off the road and so on. They then make a bogus claim on the blameless motorist’s insurers, often inflating it for maximum pay-out and claiming for compensation for so-called injuries to the driver and passengers. Often the vehicle which they use is an old banger, which will probably contain the maximum number of passengers, all claiming to have been injured in some way and seeking compensation for this and probably loss of earning too. In this way a minor accident claim can escalate into a claim of £20,000 or more.

Insurers are quite rightly extremely concerned about the scale of these so called “accidents” and believe there could be as many as 10,000 of them occurring per year. A single insurance company may not easily pick up on the organised fraud but working with other insurers will give benefits. With this in mind the Association of British Insurers have created an Insurance Fraud Bureau. They will monitor details of suspect claims and scrutinize millions of them to find patterns or links. It is intended that the bureau will liaise with police and hopefully will take civil prosecutions against these fraudsters to recover money which has already been paid out.

There was a case of insurers linking 400 “staged accidents” to one particular gang, involving other crimes in addition to the insurance fraud, where the police would only get involved if the investigation was funded by the insurers. Insurance fraud may be low on the priorities list as far as the police are concerned but in view of the danger to drivers as a result of these unpleasant incidents their reluctance to get involved will have to change.

A Home Office fraud review is due out in the summer of 2006 and hopefully the Association of British Insurers concerns will be addressed in this.

In the meantime, some advice from Norwich Union’s head of fraud, Chris Hill, who says “Keep your distance from the car in front at roundabouts and slip roads and cut your speed. Keep an eye on the vehicle in front. The occupants may turn to look at you or may even make a gesture just before the trap is sprung.”

If a crash does happen, remember to get as much information as you can. Note how many occupants were in the other car, their sex and as much detail as you can about how they were dressed. Make a note of these details and make sure your insurer is aware of them.

These gangs are putting innocent drivers and their passengers at risk. It is vitally important that insurers and drivers work together in a concerted effort to stop this crime.

Friday, March 18, 2011

Guide to Balance Transfers

Are you tired of fighting high credit card fees? Why not lower your interest payments by transferring your balance to another card. Balance transfers are one the smartest and easiest ways to reduce credit card costs. Just be sure you understand the terms and conditions of the new card, so you can maximize your savings.
Before you run out and switch credit cards, consider whether you want to keep your current card. If you do, simply ask for a lower interest rate. Tell your credit card company you've found another card with a much lower rate and you'll have to transfer your balance if they can't cut you a deal. However, be prepared to do so if they refuse your request.
Why Use a Balance Transfer?
Balance transfers can provide card holders with a number of advantages. Transferring balances to a lower rate credit card can drastically reduce your interest rate and fees. Credit card companies charge varying interest rates on balance transfers and purchases. The most common rate is 0 percent for six through 12 months.
For example, the Chase Ultimate Rewards MasterCard and Citi Platinum Select MasterCard charge no interest for 12 months on balance transfers and purchases. The Discover Platinum Card and the Hess Visa from Chase drop the introductory rate after eight and six months, respectively.
Some cards link the introductory annual percentage rate (APR) to billing cycles. The GM Card and Fifth Third Bank Cash Rewards MasterCard, respectively, charge 0 percent APR for the first six and four cycles.
Transferring balances can also give you access to more perks. For example, you may be able to get a new card that has no annual fee, a longer payment grace period or cash back on purchases and other rewards. Some cards also offer car rental insurance, identity theft protection programs and money saving discounts.
How to Transfer Balances
Credit card companies commonly use low interest rate balance transfers to attract new customers. There are three main ways to transfer the balance on a card. One way is by simply filling out the paperwork provided by your new card issuer. Or you can contact the credit card company that you want to transfer a balance to and make arrangements for a balance transfer.
You can also shift balances by writing balance transfer or convenience checks. These simple checks look and act like regular checks. You simply write a check for the amount of the balance transfer and send it to the company you want to transfer a balance from. Some checks have an expiration deadline, so make sure you use them within the appropriate time frame. If you don't, you'll be charge the regular interest rate set for your card.
Regardless of which transfer method you use, you can only transfer as much as your credit limit on the card you are transferring allows.
Transaction Cost and Other Fees
Banks generally treat balance transfers like cash advances and have similar transaction fees. There's no fee for balances transferred in response to special offers. But for Citi Platinum Select and many other companies, the transaction fee for balance transfers is 3 percent of the amount of each balance transfer, with a $5 minimum and $50 maximum. Keep in mind that a small amount of funds may not be worth transferring because the transaction fee may outweigh your potential savings.
In addition to standard transaction costs, banks also charge special fees that can take you by surprise. Some of the most common special fees include:

Late fees - Some banks wait a few days before assessing a late fee, but many impose it the day after the payment was due. Companies either charge a flat fee, such as $10 or $15, or a percentage, such as 5 percent, of the minimum payment due. To avoid late fees, mail off your payment so it arrives in plenty of time before it's due. If you pay your bill at the bank's branch or ATM, find out how long it will take to process your payment. Sometimes payments made at a branch or ATM aren't credited for a few days.
Over-credit-limit fees - Most cards assess a fee if you charge more than your credit limit. These fees are charged each time you go over your limit, so you could be hit with several of them during the same billing period. Banks typically charge $10 or $15 for this fee or up to 5 percent of the amount you're over your limit. These fees are in addition to interest charges.
Lost card replacement fees? If your card has been lost or stolen more than once and you need a new one, some companies will charge you for a replacement. These fees are range from $5 to $10.

Making Payments
After you transfer balances, be sure to make all your payments in full and on time or you'll automatically be hit with higher fees. Generally, there's no grace period for repaying balance transfers, so interest will accumulate immediately. (No interest will actually accumulate if you have an introductory 0 percent APR.)
When making payments, it's important to understand that the payments you make will first be applied to balances with lower or promotional balances and then allocated toward higher APRs. That means you'll be paying down 0 percent balance transfers before you even touch the balance on regular purchases which can be charged at a rate of 9 to 18 percent. As a word of advice, consider using a different card for your regular purchases and pay off the balance each month. Keep your balance transfers restricted to a separate card.
After the Promotional Honeymoon Ends
You need to keep a close eye on the promotional period. As soon as it expires, normal interest rates will apply. The standard variable APR for Citi Platinum purchases (8.99 percent) will be applied to all remaining purchase and balance transfer amounts. Likewise, the standard variable APR for cash advances (19.99 percent) will be applied to all remaining cash advance amounts. If you default on Citi Platinum's card agreement, the company can immediately increase the APR on all balances including any promotional balances to a variable default rate of 28.99 percent.
Your post-introductory APR will depend on your credit history. If this interest rate is significantly higher than the rate on your old card and you have a remaining balance, you'll wind up losing money. Of course, you could always transfer your balance to a new card with a lower promotional rate. Just be careful not to entangle yourself in a vicious cycle that could backfire later
To Compare Credit Card

Thursday, March 17, 2011

Gold: A True Barometer Of Public Confidence

Gold and silver coins, the famous "old world" currency, are fast becoming the "new world" currency because they offer the missing link in all paper currencies: a store of value.

Today, Americans are facing a pile of unpaid debts. At the helm is a new Fed chief, Ben Bernanke, who has already been nicknamed "Helicopter Ben" based on admitting he'd print enough paper currency and drop it from helicopters to keep the U.S. economy from sliding into a recession.

The Wall Street Journal recently published an excellent commentary, "In Gold We Trust," by David Ranson and Penny Russell of H.C. Wainwright & Co. Economics. They explain why gold prices are the truest barometer of falling public confidence and of growing inflation. Here are a few key points they bring to light:

* Gold is the benchmark for the value of the dollar - not the other way around.

* The falling U.S. dollar is largely being ignored by Washington and Wall Street.

* Gold's sharp rise represents an equally sharp decline in investor confidence.

* Gold is the barometer of public confidence in paper money.

* The dollar's collapse of 60 percent since 2001 is a blow to capitalism.

Bottom line: The U.S. dollar is slowly but steadily sliding into oblivion, taking with it the hopes and dreams of all Americans, along with the value of their savings accounts and investments.

Most Wall Street pundits view gold as just another commodity, which they say is now overpriced due to a growing gold fever worldwide since 2001, causing central banks, hedge funds and others to buy gold for the first time in decades. Not so!

Gold is rising because it is real money. The solution is to convert a portion of your "paper" assets into gold - thus putting yourself on a personal gold standard.

Rising gold prices today are a big red flashing signal of coming inflation, which could take gold prices over $1,000 an ounce. So don't wait to buy gold - buy gold and wait.

Wednesday, March 16, 2011

Give Me Some Credit!

Are you a small business owner, especially one that interacts frequently with the public, such as a real estate agent? Do you spend considerable time taking clients out to lunch, sending out flyers or other mail, or driving a lot in your business? If so, consider applying for a Chase Business Rebate Card.
This credit card has some wonderful advantages to consider. First, there is no interest for the first twelve months. That means that the business upgrades you have been considering can be done now, and paid for over the next year. Whether it is a new suite of software, a whole new computer system, or a new copier, you can put the purchase on your Chase Business Rebate Card and not be charged any interest for the entire next year. This allows you to be more efficient and also to relieve those worries about your current computer actually lasting another six months.
If you purchase the new computer or the new software at an office supply store, not only do you have time to pay for it, but you also get cash back rewards for purchasing it. The Chase Business Rebate Card gives 3% cash back for any purchases at an office supply store. This 3% cash back reward is also given for purchases at home improvement stores, hardware stores, restaurants, and gas stations. So, for people whose businesses have customer interaction similar to real estate agents, this card is wonderful, since the 3% rebate applies to many of the main items purchased. It is also wonderful for individual contractors and other building industry professionals that do a lot of purchases at building supply and home improvement stores. As with most rebate credit cards, you earn rebates for every purchase on the card, no matter what store it is used at. So even purchases at grocery stores would earn 1%.
The Chase Business Rebate Card is also set up to help business owners simplify running their business. There are on-line management tools available to use. There are free additional credit cards for your employees, so that each employee has access to the same rewards as they participate in the business. The Chase Business Rebate Card also has quarterly reports available on card use, so that the owner can keep track of what is being spent during each week of the quarter, to see how the monies are directed.

Tuesday, March 15, 2011

Get Out of Debt: The First Step

The World is in debt. Almost all people and organizations are carrying debt to survive, including the Governments of all of our Nations. This is just a fact of life and this is the way that we were raised. You must acquire debt to survive; there is no other way.

This is entirely not true. In fact if we chose to save for the things that we really want, we would be able to afford a lot more than we already have.

Just think about it for a minute. Without debt, we would only have to pay our “bills”. Rent or Mortgage (Debt, but necessary), Utilities and Insurance. Imagine all of the money that you would have at the end of the month. No credit card payments, no car payment, no personal loans. Now you can afford some of the luxuries that you used to pay for month after month on credit and it won’t cost you three times the cost of the purchase as with credit.

Okay, this sounds great in theory, but it is a little late. Boy, if only you had told me this when I was 18 (like I would really have listened). I am in debt up to eyeballs and there is no way out. This is the way that it is supposed to be. This is the only way that it can be.


This is the exact reason that everyone stays in debt and why the credit card companies are making fortunes. You can get yourself out of debt and take back control of your life. Of course it will take desire, will power, and perseverance. Most importantly you have to take the first step.

The key to getting out of debt is really quite simple; organization.
You cannot help yourself get out of any situation without first realizing what exactly you are into. This indeed is the first step.

Most people go on day-to-day paying their bills as if it is just a part of life. They get the bill, pay the minimum or a little over and wait for the next one. This is a vicious cycle and it has no end. As long as you keep doing this, is as long as you will stay in debt and stay at the mercy of your creditors.

You first need to gather all of your most recent statements. Write down or input (I use Excel for this) all of your creditors. At this point I would even put in your mortgage holder to give you the whole picture. Find out your current balance for each and input that. Now input your minimum payment for each one. At this point I would not even worry about interest rates.

You now have the whole picture. Sorry, I didn’t mean to scare you. Now you know what you are up against and you can make a plan. Just remember, try not to take on additional debt.

You are now ready to take control of you financial life. Say goodbye to debt, say hello to life!

Monday, March 14, 2011

General Information Regarding Self Certification Mortgages And Remortgages In The UK

Self certification mortgages and self certification remortgages are useful financing options for those individuals looking to buy a new home or obtain a new mortgage in the UK. Those individuals who will find a mortgage of this type most useful are those who are gainfully employed yet may have a difficult time showing where the money comes from and how much money they receive on an annual basis. Examples of individuals who may experience this problem include those who are self-employed, contract workers or freelance workers. Obtaining a self certification mortgage or self certification remortgage is a way for these individuals to obtain financing on their home and not have to go through the hassle of persuading hesitant lenders to give them a loan.

Defining Self Certification Mortgages and Remortgages

A self certification mortgage UK is one which is given to an individual that is not able to prove that they are steadily employed. Although some individuals have a 9 to 5 job, 5 days per week with the same company, there are a large amount of people who work for various companies and perform various tasks which produce different amounts of revenue. For these individuals, showing a set income with one particular company is quite difficult and can be met with some resistance at regular mortgage companies who offer straightforward mortgages. A self certification mortgage or self certification remortgage gives the self-employed individuals peace of mind by helping them to obtain a mortgage or remortgage without all of the hassle attached.

Ways to Find Self Certification Mortgage Lenders

When looking to find a self certification mortgage or a self certification remortgage, an individual will need to obtain a lender who deals with mortgages of this type. There are a few ways in which to obtain a self certification mortgage lender. One way in which to peruse one’s self certification options is via the Internet. One can search online to see if any self certification mortgage lenders are based in their area of the UK.

Another way to locate a self certification mortgage lender for a self certification mortgage or remortgage is by way of recommendations. One may have friends or family members in the UK who have obtained a mortgage of this type in the past. By obtaining recommendations, one will not only be able to find a lender but may also learn about good or bad attributes of the lender as well.


Self certification mortgages and self certification remortgages are extremely useful lending options for those self-employed individuals or independent contract workers. This provides a way for the individual to obtain home financing and not have to go through all of the problems they would experience with a regular mortgage lender regarding employment.

Sunday, March 13, 2011

Gagner A la Roulette

Depuis que la roulette est considérée comme un jeu de chance, tout le monde pense qu'il doit exister plus ou moins de trucs pouvant vous faciliter vos jeux. Mais ceci n'est pas toujours vrai. Bien que quelques conseils d'experts puissent vous être donnés, sachez que nulle stratégie n'est fiable à 100%. En voici cependant quelques une.

Essayez la Roulette Européenne: généralement, vous trouverez sur les sites de casino en ligne deux types de roulettes: l'européenne et l'américaine. La seule différence entre les deux et le nombre de cases de zéro existant sur le cylindre. L'européenne n'en comprend qu'une, alors que l'américaine en dispose de deux. Cette différenciation s'explique par l'avantage pris par la maison ( ou casino). Avec un seul zéro, l'avantage de la maison est diminué de moitié, ce qui vous permet d'accroître vos chances de gagner.

Apprenez à bien miser: les paris sur numéros simples sont la pire chose à faire dans tous les jeux de casinos existants. L'avantage de la maison est si important lorsque vous pariez sur un nombre simple qu'il vous est presque impossible de remporter quelque gain que ce soit. De plus, avant de pouvoir gagner, il vous faudra miser énormément auparavant. Les meilleurs paris restent donc ceux dont l'avantage de la maison est le plus faible.

Jouez pour le plaisir. Quand vous jouez pour le plaisir, vous êtes d'avantage détendu et plus apte à prendre de bonnes décisions, ce qui est loin d'être le cas lorsque vous vous trouvez en état de stress, soumis à la pression de devoir remporter de l'argent. Dans ce cas ci, vous pouvez le payer très cher car votre compréhension du jeu est altérée et vous pousse à commettre d'inévitables erreurs.

Etablissez votre budget. Ce conseil est valable pour tous les jeux d'argent, sans restrictions aucune. Ne jouez jamais sans avoir au préalable déterminé votre budget. Ne jouez qu'avec la somme prévue et jamais d'avantage. En effet, si vous pensez jouez d'avantage que cela, il ne s'agira plus dès lors d'un simple petit problème financier à court terme mais d'un véritable gouffre sur le long terme, et la limite est fine avant d'être considéré comme joueur problématique et se retrouver interdit de casino.

Mettez de coté ce que vous venez de gagner. A nouveau, ce conseil, avec le précédent, est l'un des meilleurs. En remisant ce que vous venez de gagner, si le tour précédant vous perdez, rien de dramatique n'est arrivé à votre budget. En revanche, si vous misez tout le temps avec vos gains et que vous perdez à chaque coup, il ne vous restera dès lors plus rien. Et entre nous, il vaut mieux repartir avec un petit quelque chose que rien du tout. Ne laissez jamais vos gains sur le tapis car en cas de perte, vous perdrez tout, très vite.

Entrainez vous. Rendez-vous sur un casino en ligne et jouez des parties gratuites en mode démo afin de vous familiariser avec le jeu. Il n'y a rien de pire que de se rendre à un jeu dont on ne maîtrise pas les règles et de pariez au bon vent la chance. Lisez avant tout les règles des jeux, puis allez sur le mode démo et jouez y régulièrement jusqu'à ce que vous vous sentiez prêt à passer le cap du mode réel.

Saturday, March 12, 2011

Four ideas you can take to the bank!

If only you could snap your fingers and find that you have increased your income! It may not be that easy, but it is easier than you think to increase your income! Here are a few ideas to help you increase your income.

But if you’re reading this while you’re on a website that highlights secured loans, you’re probably wondering what increasing your income has to do with a secured loan. There are actually many reasons, so you’ll have to read on.

But first, one of the ways you may want to increase your income is by finding a part time job to do in your spare time from the comfort of your own home. For example, you may increase your income by selling things on eBay or by working over the Internet to design websites for people. This way, you can keep your current job but build up some additional income. Who knows? You may eventually end up becoming so busy that you have to quit your day job!

The second thing you can do to increase your income is to invest in the stock market. This is not as scary as you might think and it involves the same principle that you know from owning a home. When you bought a house, how did you think you would make money on it? Simple: Just by hanging onto it for some time, many homes rise in value over time. It’s the same with the stock market. Sure, not all homes (and not all stocks) rise in value. But if you give even half the thought choosing stocks that you gave to choosing a house, you should find one that should generally rise. But the key is to hang onto it. You don’t sell your house every time the market fluctuates! In fact, you probably don’t know or care how much your house is worth until you’re ready to sell it. It should be the same with the stocks you buy… and sell.

The third thing you can do to increase your income is to get a secured home improvement loan. As you already know, your house is an investment and if you can do something to increase its value, you should! Getting a home improvement loan is an easy and affordable way to increase the value of your home so that when it comes time to sell your home, it will be worth more.

The fourth way to increase your income will surprise you. Consolidate your debts! Get a debt consolidation loan to pull all of your outstanding debts together and put them in one secured loan. The interest rate will be less, the monthly payment will be less, and the monthly payment will be fixed. A lower rate and payment will mean more money for you and a fixed payment will mean it will be easier to budget!

Wow! There’s four easy ways to increase your income today. What are you waiting for?

Friday, March 11, 2011

Five Steps to Trading for a Living

For the past five years my sole source of income has been profits made from trading on the forex market. Over that time period, many people, perhaps somewhat envious of my ability to earn money from home without having to report to a boss, have asked me what it takes to trade for a living. How can one arrive at a point where one feels confident enough to leave ones regular employment, strike off on ones own with no guarantee of a regular paycheck, and put what might conceivably be ones entire savings up to that point at risk in the markets?

While I unfortunately cant actually give you confidence in your ability to make it on your own, nor the stomach to risk your hard earned savings, I can tell you the practical steps that I took to get where I am today. These steps do not include the obvious ¨learn of the existence of the forex market¨, as presumably you already know something about forex trading, or you wouldnt be reading this article.
Furthermore, while these steps have been applicable to trading the forex market in my case, one could easily apply the same principles to becoming a professional trader in the equities markets, derivative markets, etc.

Step 1) Start saving your money. To trade professionally you need a bankroll, and one that is large enough to withstand the ups and downs that are a natural part of trading. For me, this was easy. I had been putting money aside ever since I started working. Those like me that have been raised to understand and appreciate the value of saving, will accomplish this quite naturally. However, if you are a habitual spender and are accustomed to living paycheck to paycheck without putting anything extra aside, be prepared to expend some serious effort curbing your habits and learning to save instead of spend. How much money will you need? Unfortunately I cant answer that specifically because it will depend on the trading strategy that you use, the amount of leverage you
plan on trading with, and the amount of money that you need to take out in profits. You should count on having a bare minimum though, of a full six months salary saved up before beginning full time trading. One years salary would be still better. Keep in mind that the larger your bankroll, the more money you can earn without risking an unnecessarily large percentage of your bankroll.

Step 2) Get an education. You cant start trading before you know something about the market you are trading in. This education does not have to be formal (as in University classes), and you do not have to understand economic forces as well as Alan Greenspan prior to getting started. You should, however, have a basic understanding of why the market that you are trading in exists, how buying and selling on that market works, and the strategy that you are going to employ to take your profits out of the market. There are a lot of totally free resources on the internet that are worth your time to read (and there are a lot of opinions and ideas that are NOT worth your time, but reading some of those that are not worthwhile is part of the process of developing
discernment about what is and is not a good resource).
There are also some inexpensive trading courses on the internet that are useful. Part of the education process is coming up with a trading strategy that you are comfortable with, as well as a money management strategy to ensure the long term viability of the trading strategy. There are many good trading strategies out there, but regardless of which one you choose, you must understand that the traders that are successful cut their losses early and let their winning trades run. This can be somewhat more difficult than it sounds, but is really the key to making money trading.

Step 3) Sign up for a demo trading account and start practicing while you are not at your regular job (or, if you have free time and internet access at your job, WHILE you are at your regular job). We list some good forex brokers at forex-rates, so if you are planning to trade currencies, be sure and sign up for a demo account with one of the listed brokers. In order to get a real feel for the trading strategy that you have chosen, you will have to do a lot of practice, so take your time with this step. Dont start trading with real money until you have an actual
history of successful demo trading

Step 4) If you are making money trading on paper and are comfortable with your trading strategy, go ahead and get started trading for real on a part time basis. Dont include all of your savings as part of your trading bankroll yet. Start slowly and gain a comfort level. As your confidence builds, move money from your savings to increase the size of your bankroll.

Step 5) When you can estimate that your average gains from real trading (from step 4) are at a level where, if you were to trade full time using your current bankroll, you would be making profits that slightly exceed your current employment salary, you are ready to quit your job and trade full time. Remember, you want your trading profits to exceed your present salary. This will give you the opportunity to maintain your current financial level, but at the same time continue to increase your trading bankroll, which will enable you to earn more and more money as the size of your available funds grows larger.

It is important to have patience with yourself at each of the steps mentioned. Maintain emotional equanimity and understand that fear and greed are a traders most dangerous nemesis. If you can keep these emotions under control and maintain the discipline established while following these steps, you can look forward to making it as a professional trader.

Thursday, March 10, 2011

Fixed Rate Home Equity Loan

The sense of equity generates from the amount judgment of your investment at the time of purchasing or refurnishing a property. As the value of the fixed assets at most of the time matures, so also the equity value of an asset increases. For that reason, the value of your home has increased from the time you have purchased the property. As the owner of the house, now you own a certain property value that if transferred into a liquid form like money, can serve various purposes for you. A fixed rate home equity loan can exactly do this job for you.

A home equity loan is a kind of loan where you use the equity of your home as the security or collateral of the loan. If you fail to pay off the loan amount, your lender may encroach into your home. The difference between a FRM and a fixed rate home equity loan is that, the second one is generally of a short term period and in many cases a fixed rate home equity loan is considered as tax deductible upon your personal tax returns.

A home equity loan can be of two types -

(i)Standard Home Equity Loan: This is also known as close-end home equity loan, or term loan or a second mortgage installment loan. This type of loan generally comes up with fixed rate.

(ii)Home Equity Line of Credit: This type of loan is also called a revolving credit loan. This generally comes up with an adjustable rate loan.

This difference between a normal home equity loan with fixed interest rate and a home equity line of credit elongates to the point of payment structure. In case of fixed rate home equity loan, you can avail the amount of money for a certain period of time, and you have drawn the entire amount at the time of the closing. But in the second case, the loan amount is available as a series of lien. If you are in a need of urgent fund of large amount, then it is advisable to go for the standard home equity loan with fixed interest rate, rather than home equity line of credit loan.

A fixed rate home equity loan is generally comes up with a tenure period of 15 years. With a reduced amortization, the home equity loans closes with a due balloon payment. This huge payment is advised to avoid by refinancing or by paying above the minimum payment line. The amount of loan depends on many factors like your income, credit history, the appraised value of the collateral etc.

Generally, a fixed rate home equity loan offers you to borrow on the 100% equity value of the home. Sometimes in case of over-equity loans, you can borrow above the equity value of your home. For example, the 125% home equity loan provides you the opportunity to borrow 25% extra amount of money on the equity of your home. Generally, over-equity loans come up with high interest rates.

Fixed rate home equity loan charges you some fees to along with its interest rate. Whenever, you are opting for a fixed rate home equity loan, scan every pros and cons and then choose the best option available to suit your need.

Wednesday, March 9, 2011

First Time Buyers Beware

Although it’s a big undertaking, buying your own home is one of the wisest moves you can make. Rather than pouring money away on rent, you will effectively be investing in your property with every mortgage payment.

You will also become a ‘homeowner’, which should please your bank manager no end. You may find offers of loans and credit suddenly become a lot more frequent, and when you’ve just moved into a new home it can seem tempting to borrow money to kit the place out. But be careful! Most repossessions happen in the first year of the mortgage, when people find they have overstretched their finances and can’t meet the repayments. These are a few factors you’ll need to consider before you move:

Fees and Stamp Duty

You’ll find there are quite a few extra costs involved here – solicitors fees for conveyancing are normally a percentage of the cost of your mortgage, plus there are other charges involved. Check with your solicitor what his or her bill will be. Stamp duty is a tax that applies on property that costs over £100,000. If you’ve used a mortgage advisor, there will be another fee to pay, probably of a few hundred pounds.


These can prove costly – each survey will set you back around £150 to £200 pounds. Sometimes the surveyor will ask for a report from a specialist – for example, a timber professional – that could cost the same again. If there are problems with the property that need to be remedied, you may find a portion of your mortgage withheld until the work is carried out. This is called a retention, and means you’ll have to find the extra cash yourself.

Moving Costs

You could move your entire household in the back of your car, but it’s not the ideal option! Hiring a van or removal men can be quite expensive – but it might make moving less stressful.


Remember you will need to pay buildings insurance as a condition of your mortgage. You may also choose to take out payment protection in case there’s a sudden change in your circumstances. This means your payments will be covered for a set period of time, to give you a chance to get back on your feet.

Furniture and Renovations

While not necessarily essential, re-furnishing your new home should be enjoyable! Make sure, however, that you are not overstretching your budget.

Tuesday, March 8, 2011

Final Walk-Through - The Value of Your Contract

A walk-through is an important step in a real estate transaction. To get the most out of it, make sure you understand the terms of the purchase contract.

Check Things the Contract Specifies

When you signed the contact to purchase your new home, certain elements and characteristics were specified. If the home does not match those elements on the walk-through, the contract will give you leveraging position. Consider the following:

If there’s a hole in the wallboard caused by the leg of a table going through it when the seller was moving out, the house is not in substantially the same condition as when you wrote the contract and the wallboard was intact.

If you fill up that lovely, large Jacuzzi tub and the jets won’t work, there is a problem with the working systems of the home. If you start the dishwasher, and it leaks before the cycle is finished, that appliance is not in normal working order. If all the surface burners on the stove won’t light (if gas) or heat to red hot (if electric), ditto. If the heat or air conditioning won’t come on, we have another problem with the working systems.

Allow yourself enough time to really pay attention and check on things. Usually an hour to an hour and a half is enough. Don’t have a chip on your shoulder. Do be a good business person and systematically check.

If your contract calls for something you can’t easily judge and it requires a third party to do it (such as the HVAC service mentioned above), you can request a copy of a paid bill at settlement. This is usually sufficient indication that the work has been done, and you know whom to call if there is a problem.

What If You Find a Problem?

Settlement may, or may not, be delayed if a problem is discovered. If it’s small and something you can easily fix, you may just want to ignore it. If it is something expensive and extensive, you probably don’t want to ignore it. Many approaches are possible, but my inclination would be to go to the settlement table anyway and request that enough money be set aside in an escrow account held by a third party (not the buyer or the seller) to fix the problem. I’d pad the amount a little to be sure there’s enough. Those funds could then be used to complete the needed work and then the balance released to the seller.

If the seller is not willing to accept the idea of funds in escrow, I’d request a delay of settlement until the work has been completed. The terms of such a delay need to be spelled out in an addendum to your contract.

Setting out to use walk-through to change the terms of a contract is not fair. However, if a walk-through shows that the terms of your contract have not been met, you need to figure out how to get things back on track and are behaving appropriately when you do so.

Most walk-throughs go smoothly. Let’s hope yours is one of the smooth ones.

Monday, March 7, 2011

Filing For Bankruptcy

Bankruptcy should be seen as the last resort for people who have got themselves into too much debt. It may seem the answer to all your prayers but bankruptcy is only able to solve certain debt issues. Remember, if you have filed for bankruptcy you may find it difficult to obtain credit in the future unless your bankruptcy has been cleared, or discharged for a number of years.

Bankruptcy is very good for wiping out credit card debt. Unless you have a special secured credit card, your credit card balance is an unsecured debt. That means that the credit card company has no hold on anything that belongs to you if you do not pay back your debt. This is specifically the kind of debt that bankruptcy is designed to remove. Apart from credit card debt, you may have other unsecured debts, and bankruptcy can eradicate these as well. However, bankruptcy will not discharge your obligations to some other kinds of debts, including child support, alimony, tax debts, student loans, and any secured debts.

If you are reading this then the chances are that you are considering filing for bankruptcy. Your debts have got to the point where you cannot afford the monthly payments that your creditors are demanding. However, there are numerous bankruptcy alternatives. The most important thing is not to panic and to sit down and look at your financial situation.

If you reach the stage where you are in so much debt that you are considering bankruptcy then there are a number of measures that you can take to avoid bankruptcy. Firstly, you should cut up all of your credit cards. This may seem drastic, but it is the only way to avoid bankruptcy by guaranteeing that you do not increase your level of debt by charging more onto your credit cards.

All lenders would prefer to receive some money rather than none at all and when you file for bankruptcy a number of your creditors will receive little or none of the proceeds. This is especially the case with your unsecured loans, such as credit cards. You should contact all of the people that you owe money to and explain the situation. Most will work out a repayment schedule with you as a bankruptcy alternative, giving you longer to pay off what you owe and sometimes even freezing the interest.

Sunday, March 6, 2011

Ease Your Earning, Earn Faster

Earning more is the most fundamental way to reach financial freedom. You can save more. You can invest more wisely. However, all those will only be more useful if you earn more.

I can't stress this enough. It is very important to earn more money if you want to reach faster financial freedom.

Making more money is one of the surest ways to gain happiness. Not only that, women prefer the rich.

There is only one way where you can't go wrong in attracting women. Make as much money as possible. Now don't get me wrong. There could be better ways, but all the other ways can go wrong.

In 2000, I was homeless. I didn't have a place to live. I ate once a day. After months of managing to scrap $1,000 as an initial capital, I bought a computer. Within one and a half years, I was making a few thousands residual income per month. Within three years, I was able to multiply that amount and make more and more residual income per month that I didn't need to work anymore.

However, my income went stagnant. It didn't grow for years. Sometimes I find new techniques to make money. But the new techniques only work when the old business crumbles.

Then I found out what's wrong and I saw the end of the tunnel again.

Knowing Earlier Adapt Earlier

If only I didn't have to wait six years to see the tunnel, then my small business would have grown much faster. That's why I make this website. To save you six years of trial-and-error experience.

Many business gurus, with less track records than I have, will charge you $100/hour for this type of advice. Well, here, in my website, I'll give you all these for free because capitalism is in abundance.

I also provide many tutorials for newbies that want to try the Internet business. That's because I want as many people as possible to get rich through capitalism.

If enough people are tempted to embrace capitalistic greed, then most social problems will go away because the government's intervention will have much less support and then become less. Not only that, I'd like to see that you're rich.

Huge amount of wealth comes from sharing. The more benefit you give to other people, the more they stick to you. The more people stick to you, the more money you make. I learned this from a multi millionaire.

Saturday, March 5, 2011

Early Retirement: What You Should Know

For many reasons, more and more people are opting to retire at an early age. The growing trend for the retirement is based on the fact that people are enticed to retire early than continue working and wait until they reach their retirement age of 65.

In fact, most of the surveys conducted in the United States asserted that 60% of the respondents would love to retire at an early age.

In reality, there are many benefits that people can derive when they retire early. However, there are also many consequences that result from early retirement. What they do not know is that early retirement has the potential of bringing more problems than reaping in benefits and advantages.

Here is a list of some of the reasons why retiring early can be a pretty risky activity.

1. Not in accordance with the regulations of Social Security

When people will retire at an early age, there is a great possibility that they cannot immediately obtain their Social Security benefits. This is because according to the rules and regulations of Social Security, anyone who is born after 1938 will have to wait longer than their retirement age of 65 before they can get their benefits.

Hence, early retirement may only contribute to a negative upshot if the older people’s finances where not managed properly and the only thing they expect to help them are the Social Security benefits they can get.

2. If people who took early retirement get sick, they cannot acquire some Medicare benefits.

This is because the age when people can get their Medicare benefits is when they already turn 65. Hence, if they are hospitalized and they have already filed for their early retirement, they have to obtain the necessary amount of money in order to cover the expenses in the hospital without Medicare.

3. Penalty charges apply to those who retired early and had withdrawn their IRAs early.

For people who would like to retire at an early age and wish to obtain their IRAs, they have to face a hefty 10% penalty charge.

Moreover, experts contend that the nest egg of people who wish to retire early is only 80% of what they should be getting when they retire at the age of 65.

The bottom line is that early retirement is, indeed, a personal choice and preference of an individual but one must consider the factors that may affect their life in the end.

Friday, March 4, 2011

Dxinone System: Is This The Biggest Scam Ever Invented?

Is the dxinone system the biggest scam invented? These are the questions some people ask themselves before they get started on ecurrency exchange.

The system by itself is rather complex to learn, you have to open several accounts, and once you do you have to manage your investment properly so you always maximize your profits. This is the main reason why some people claim the system is a scam, they don't know how it works.

Me, personally, I laugh whenever I hear about people saying some of the things they do. To them the world is always falling apart, yet, the dxinone system has been online for more than four years making all of it's traders good money. For example, I recently heard about a woman who started working with the system with $1,000 dollars, after seeing that it was growing, she took a chance and decided to invest $6,000 more. This was around 18 months ago, today, her portfolio is around the $300,000 mark. She already took her profits out (and much more) and she now has a no risk investment.

Some people will say that those amounts are too much money. I would agree, to some people starting with $6,000 or $10,000 dollars is too much money. This was the main reason when I started a campaign for everyone to see at my site, I started it with a 315 dollar investment. This was seven days ago, and today, my campaign has had a 54% return of investment. I don't know about you, but I would consider this to be getting a great return on my money.

There is indeed very good money to be made, and like someone told me when I was first starting with my main dxinone system campaign

"Start with the system today, don't waste your time because time is money. Let your money grow for a few months, and by the end of the year the dxinone system could easily be paying for your living expenses"

Learn about the ecurrency system properly, so you avoid those people who say it's a scam because of their ignorance, and you actually will have found a profitable opportunity that makes good money for you without much work.

There are two ways to get started: The fast way, you get a training program, you learn from it and in a couple of days you are up to speed on how the system actually works, although this takes money, there is no learning curve and you get support.

Number two, finding free resources online where you can learn from. This will be free, but it may take a while for you to find and process the right information to get started. Look at your current situation, and see if what is the best option for you, I'm sure that if you do get started, you will not be one of those people who were left out and now claim it's a "scam" because they never did the system for themselves and just believed the hype out there.

Thursday, March 3, 2011

Dxinone E Currency Trading Review

If you are just starting to learn about this dxinone trading system, it's normal for someone who is just learning about it to be feeling confused about how the opportunity works.

I personally recommend this sytem, and although it's an amazing investment strategy, Here are some tips when starting the dxinone system:

-When you're getting started, don't invest everything you have, and don't invest next to nothing. The reason I suggest investing a balanced amount: to make it worth your time. Don't go overboard because you may require the money for an emergency, and the dxinone system takes a few weeks to process your profits back into your pocket. Don't invest next to nothing either cause your portfolio will take to much time to grow.

-Learn about how the dxinone system works before jumping in without the proper knowledge. I hear about it all the time: (in whining voice) "the dxinone system is just a big scam, I haven't gotten my money out". Again, this is due to ignorance about the system, because anyone who is successful with this sytem knows that it takes several weeks to process your outexchanges.

-If you want to make serious money, disconnect your mind from the fluff and the negative people. Let me illustrate this point with an example. Seven days ago I started a dxinone campaign to track the live progress to show the visitors of my site. In total, after the fees and my investment, I spent $315 dollars. Today, seven days after starting my campaign, my investment has grown to $485.19. This means that in 7 days I've had a 54% return on my investment. In my book, this is what I call a good investment. Yet, there are still many negative people who haven't tried the system for themselves who will talk you out of it because to them it's impossible to find an opportunity were you don't have to suffer to make good money.

-There are good dxinone strategies you can follow, and there are great strategies you can follow. For begginers, I always give the following advice: If you want to learn fast and start the system fast, get yourself a dxinone training program by a professional, it's going to cost you some money, but you'll see results faster. If you don't have the money to buy a course, make sure you research websites with free content, but keep in mind you will be on your own. This will require more of your time and you will have a learning curve to go through while you learn but you'll save a few hundred dollars from getting a course. It's completely dependant upon you and your current financial situation.

In summary, I can share with you my experience: If you are doing the dxinone system properly, you will certainly make good money from your investment. My advice for newbies is always: "Put your money in, let it grow, take the money you invested out, and let your profits grow by themselves without any risk". This is what I say, and be careful about listening from advice from people who aren't doing the system themselves, they usually sound very convicing, and they easily spread their fears to other people. Don't let this fool you, try the dxinone system for yourself, and then make your observations (which I think you will be pleasantly surprised from), not the other way around.

Of course this is a small amount, but an investment in the dxinone system is equivalent if you invest $315 than if you invest $3150, your profit percentage would be the same.

Wednesday, March 2, 2011

Drillers Hope to Strike It Rich With Old Oil Wells

Exploration firms are finding that reopening oil wells that have long been closed may help decrease the crude oil shortages.

For example, Desdemona, Texas, which was booming with oil production in the early 1900s, once was one of the largest oil producers in the region.

Unfortunately, the town's heyday ended almost as fast as it started due to some of the oil wells drying up. Its production of 7.3 million barrels of oil per year was rapidly depleted. Production plunged to under 2.5 million barrels within two years.

But thanks to enhanced oil recovery techniques such as waterflooding (the injection of water into an oil reservoir to recover its petroleum) old wells in Desdemona are experiencing a rebirth and will be converted into producing and injection wells.

This also is true for good producing wells that were capped in the early to mid-1990s in the Appalachian Basin region. Research by Mammoth Resource Partners, Inc., a Kentucky-based oil and gas exploration company, found that many landowners and small oil companies were unable to maintain these wells at the low oil prices they were being offered.

Given the current worldwide oil crisis, many experts agree that state-of-the-art technology is a key component for companies who want to reopen closed oil fields. Dr. Roger L. Cory, President of Mammoth Resource Partners, Inc., says that a healthy dose of optimism and expertise will help as well.

"With the dramatic increase in the price of crude oil and the cutting edge technological advancements that Mammoth Field Services (the drilling arm of Mammoth Resource Partners, Inc.) employs, many of these wells that had been capped have become outstanding producers and a profitable venture for our partners," said Cory.

Tuesday, March 1, 2011

Drafting a will

As one progresses to the threshold of old age, worries and anxieties seem to grip more tightly. Not a second goes when the thought of one’s family especially children take a leave. The very thought of what will happen next clutches the person and this makes his present life a bundle of misery. However, there is a way out to all these tensions and to bathe in perfect bliss, to draft or make your Will.

Often the thought of making a will seems perturbing to people. They think that they are and will be present to settle all the monetary and other issues. But, the fact is that life is no one’s best friend. It can betray anyone at any time; it is too precarious to be trusted upon. So, one should avoid taking risks and plan a Will at the right time.

There are several merits to making a will-

• Allows you to follow your choice—whatever you have accumulated throughout your life should not at the end be at the discretion of others. You should govern the decision that who will what and how much, after all it is your money and property that you propose to be divided amongst your beneficiaries.

• Good Bye disputes—‘Money makes the Mare go’…it is right that the glimmer of wealth can make anybody blind. Most often the unplanned assets are a source of argument amongst the family members for everyone claims to maximum share of it. But if the allocation is pre decided through a Will, there is no scope for all these uninvited and execrated quarrels.

• The Veiled reaches the Safe Hands—there are certain secret riches or assets that people do not disclose even to their nearest ones during their lifetime. This can be due to many personal reasons. However, you cannot be a guard to these clandestine possessions always. So, through a will it is better to assign them to your closest ones so that they can enjoy the fruits of your prudence and sweat.

• Can replace tears with smiles—a properly formulated Will that takes care of all your near and dear ones, is certainly a delight to them. They revere and miss you all the more for you decided to fulfill their priorities and wishes even in your absence .

• Last but not the least, Wills are not just meant to benefit your survivors after your death but they can take care of your present life also like the Living Will that is a great help in case of any accident or unforeseen trouble.

The Other Key Points

• Any 18 year old or above can draft a Will. But Wills are actually meaningful in case of adults from 30 to 35 onwards.

• There are different types of Wills and so separate ways to draft them. Before formulating a Will, you should know your desires and requirements.

i) Holographic Wills- a legal document handwritten by the Testator and also signed in their hand this Will is largely meant in case of intricate family situation and huge assets.

ii) Legal Will- is that document which is signed by two witnesses and is prepared by a lawyer according to the needs of the testator.

iii) Living Wills-those that give you the opportunity to the kind of medical care and assistance in case of crisis like accident.

iv) Self –Proved Will- has certain terms and conditions forwarded by the State. This Will need not be handwritten but requires the signature of the testator along with the witnesses.

v) Ethical Wills- not a legal Will but a personal assessment of one’s values, beliefs etc. among several other things.

vi) Living Trusts

• These different Wills have respective ways to formulate them and other requirements like choosing an executor, witness, attorneys etc. once you make up your mind for the kind of Will you are looking forward depending on your interest and wishes, it is better to consult any an attorney to know its details. Draft a Will only when you are acquainted with all the particulars of it.

• Take some time to think about the beneficiaries, executor and the assets you want to be included etc. Never rush into things. Remember your carefulness is a means to your happiness.