Strategies in the Market


Posted by MJTM | Posted in Investment | Posted on 25-03-2013

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I’m sure you’ve heard the advice, “buy low and sell high”, but how many times have you actually been successful at this? To be an effective investor, you have to be willing to buy stocks when the market is going down and selling it while it’s still going up.

Face it, this is the way people usually invest in the stock market:  At the point we’re ready to invest in various shares of the market, we carefully watch our stocks of choice, just waiting for one of them to jump so we can quickly get in on the upward trend. So, when is it that we’re investing? Either when the stock is halfway to its peak or at the peak! Then, we might leave our investment in that stock for a while until we look at how it’s doing later in life. We then notice that all this time, the stock price has not gone up, it has actually gone down! We hate to take our investment out now, so we wait for a little while with hopes that it will soon skyrocket once again. But nope, the value continues to fall. Then, in fear that the stock is going to go bankrupt, we quickly pull out our investment to protect what we have left!

So, what have we done? We’ve bought high and sold low, which is exactly the opposite of what we’re supposed to do. While sometimes this is necessary (to cut our losses and move on), it’s certainly not going to make us rich in the future. In fact, it’s going to make us more broke than before!

If you are wise, you would research strategies online (from reputable sources of course) and put them into practice. Some individuals have chosen to learn market trading strategies at Alpari, which is also a wise move.

Many investors know that they should look at the up and down trends of the market, but few actually know what they should be looking for. Have you ever heard of the phrase, “double dip”? No, I’m not talking about double dipping a chip, but I suppose the visual is somewhat accurate.

When you take a look at historical trends in an individual share price of most any company, the stock price tends to start low (at any given point in time) and then it goes up to a peak (or high price in the market). Then, it inevitably falls again, to a low point almost where it first started. This is a double dip in the market (since it went down to its low point twice). This is when you should jump into the market. Obviously, this isn’t going to work 100% of the time, but the odds are now in your favor to make more of a profit on that particular stock.

3 Steps to Improve Your Chance of Qualifying for a Home Loan


Posted by Daniel | Posted in Home Products & Services | Posted on 24-03-2013

Preparing to buy a home can be exciting as well as frustrating and intimidating. Of course, looking at homes and imagining your family living there is the exciting part. Dealing with the financial aspect, though, can be both frustrating and intimidating.

If you’re planning to buy a home in the next few years, here are some things you may want to do to spruce up your financial standing and look more attractive to a lender such as Newcastle Permanent or another bank you may choose to work with:

1. Clean up your credit report. Order your credit report for free and check it carefully. Most credit reports contain errors. You may find that your name is spelled wrong, or a creditor shows that you still have an outstanding balance when you’ve actually paid off the debt.

You’ll need to go through the process of requesting a change in your credit report as well as including proof of the change you are requesting. Do this at least 6 to 12 months in advance of applying for your home loan so you can have the highest credit score possible.

2. Pay down your debts. You’ll have a better chance of securing a loan with a low debt to credit ratio. Try to pay off all outstanding credit cards. If you can pay off other debt like student loan debt, that will help, too. Not only is this a smart move to get the loan, but also to afford a home in general.

3. Save as much as you can for the down payment. Aim to save 10 to 20% of the home’s purchase price for the down payment. The more you can save, the better the financial benefits, especially if you can save 20% and avoid paying costly private mortgage insurance.

Preparing to buy a house is exciting, but before you even begin to look for a property, you must first take the steps to make your finances as solid as possible. You should begin doing this one to three years before you actually plan to buy a home.

5 Ways to Get Money During a Financial Hardship


Posted by MJTM | Posted in Financial | Posted on 18-02-2013

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If you’ve fallen behind on your payments, you’ve likely had to deal with creditors calling.  While fielding these phone calls (or avoiding them, as the case may be) is annoying and stressful, they likely aren’t your greatest concern.

If you have trouble keeping up with bills thanks to a pay cut, job loss or an injury, you’re probably even more likely worried about bigger problems–paying your mortgage and keeping your home, paying your car payment so you can keep your vehicle and continue looking for a better job, paying your taxes so you don’t owe Uncle Sam and face having your wages garnished.  Besides these pressing concerns, you also need to worry about keeping your family fed and keeping the lights on at home.

If you’re in this financial bind, there are steps you can take to relieve the financial pressure.

1.  Borrow from family and friends.  If you’re not uncomfortable doing this, you can borrow money from family and friends to meet immediate pressing financial needs such as paying for housing and food.  Just make sure you have a plan for paying back the money when you get on your feet.  To make the borrower feel more comfortable, sign an agreement, have a repayment schedule, and have a notary public witness it.

2.  Take a cash advance on your credit card.  If you can’t borrow from family and friends, you could take a cash advance on your credit card.  Only do this to meet your most basic expenses, though, because the interest rate can be high.

3.  Take a payday loan.  Sometimes payday loans can be a life saver if you’re in a truly desperate position.  Applying online for a loans has never been easier, and in many cases you can have the money in your account within 15 minutes.

4.  Borrow from your 401(k).  This is truly the last resort.   Borrowing from your 401(k) is only a good idea if your money crunch is temporary and you can see a time in the not so distant future when you’ll be able to pay back the money.

5.  File for Bankruptcy Protection.  If you’re at the place where you need to borrow from your 401(k), you may want to consider bankruptcy instead.  If you leave your retirement savings intact and file for bankruptcy instead, in most cases you will be able to keep both your home and your retirement.

If you’re in a difficult financial position, you have a number of options available to survive this rough patch.  Which option you choose depends on the severity of your situation and when you think you’ll be back on your feet again.

Credit card security: Fraudulent scams to look out for


Posted by MJTM | Posted in Personal Finance | Posted on 10-02-2013

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These days, many people rely on credit cards to make significant purchases. Electronic payments are quick and simple, but you must protect your account from fraudulent activity. There are many scams out there designed to steal your details and money, so here are a few to look out for.

Card not present fraud

Believe it or not, your card doesn’t have to be physically stolen for criminal activity to take place. That’s right, crooks can access confidential information from receipts and use it to buy high value items over the internet or on the phone. This is called card not present fraud and can leave a big dent in your bank balance. Fortunately, the UK’s Serious Organised Crime Agency is one the case and recently teamed up with the FBI and US Department of Justice to shut down over 30 websites selling stolen card details.

To protect yourself: Always dispose of personal details carefully (preferably by shredding) and never throw receipts into a public bin. If you do hold onto them, keep all paperwork in a safe place.

Cash machine (ATM) fraud

According to the UK Cards Association there are three main ways in which cards and card details are stolen at cash machines. Firstly, a trapping device is used to retain the card inside the cash machine. The criminal then offers to help and encourages the victim to retype their PIN. When they give up and walk away, the thief releases the card and reuses it at a late date. Secondly, a skimming device is used to copy electronic details and transfer them onto a fake card. The PIN is stolen using a secret camera. Thirdly, criminals shoulder surf and watch people typing in their PIN. They then steal the card using distraction techniques.

To protect yourself: Cash machines often contain a picture of what they should look like. Use this for reference and go somewhere else if there are signs of interference.

Counterfeit fraud

Some criminals manufacture fake credit cards. The details of genuine cards are then duplicated onto the counterfeit card via the magnetic stripe. They then enter circulation making it very hard for shop owners and sales assistants to spot if anything’s wrong. Cash machine fraud tends to fuel this kind of activity, as personal details can be easily stolen. Luckily, this type of fraud has dropped by 79 per cent over the past couple of years (as reported by the UK Cards Association), thanks to Chip and PIN technology and sophisticated fraud protection software.

To protect yourself: While counterfeit fraud appears to be decreasing, you must always apply for a credit card from a reputable banking group. If you work in a store, always double check with other staff members or contact the police, if you suspect anything suspicious.

A wallet wouldn’t be complete without a low interest credit card, but try to protect your privacy and banking details whenever possible.


How tricky is it to send a parcel to USA?


Posted by MJTM | Posted in Financial | Posted on 17-12-2012

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If you’re unfamiliar with the nuts and bolts of sending parcels overseas the entire process can seem just a little confusing at best; or worrying at worst. Even if we set the problem of finding a good deal for a reliable service aside for a moment, getting a firm grip on details of a delivery can leave you considering the idea of buying a plane ticket and taking the package yourself. -Nearly.

Many online couriers have recognised that we don’t want to become trained experts in global logistics before we can send a parcel to USA and this realisation has been a key factor in the evolution of the services they provide. With the right courier arranging a delivery ought to be relatively straight forward, possibly not as simple as posting letter – but not far off.

As long as you take a few moments to make sure you have any relevant information to hand, you shouldn’t encounter any real issues. So, what counts as relevant?

Two addresses – the point of collection and the point of delivery. No real surprises here; ensure you have the post or zip code for both locations.

Measurements – if you’re getting a quick quote online you’ll need to tell the courier how large and how heavy it is before they can collect it as each will have restrictions on the size of items they are able to carry. Accurate measurements are also necessary for generating an accurate price of course.

Details – packages sent within the borders of the EU do not require customs documentation; deliveries going outside of the EU do though. Any self-respecting online courier will make producing any and all paperwork easy – for customs invoices you’ll need a reason for exporting the package (“gift” for example) as well as a brief description of the items being sent and an estimate their value.

Other than that, all you need to do is pay and wait for the collection to take place.

The Role of Patience in Spread Betting


Posted by Daniel | Posted in Uncategorized | Posted on 12-12-2012

With spread betting in the UK, all too often, traders aimlessly jump in and out of trades, hoping that this is the one that will make them rich, and when this fails to occur, they repeat the process endlessly. This is gambling, not trading. It can be contrasted with an archer who has trained themselves to focus only on the little red circle at the center of the board. Anything outside the circle is ignored. He pulls back his bowstring then pauses before releasing the arrow. The archer is poised and calm, concentrating so deeply that he is oblivious to the noise of the audience. Discipline is required to achieve this state.

Every trade is like an arrow and requires much preparation and focus. Each must receive the attention it needs to become a winning trade. When you are poised to make a trade, you should ignore all distractions and focus on the trade. Once a trade has been initiated, you should focus on the exit point. Each trade should be treated individually.

The best athletes are those who train the hardest. A trade must know their market. They must know its stability, liquidity and volatility and so understand what affects prices, for instance, world events, corporate events such as CEO appointments and economic data. A sudden rise in crude oil prices will exert downward pressure on shares in British Airways. Fastidious research is necessary. Fortuitously, bets can be placed on all manner of things, so you could well find something of which you know. As Joshua Raymond, a market strategist for City Index, said, there are more than 15,000 markets on which you can trade, so you should choose a market you understand. Knowing your market is one of his top five pieces of advice for traders. Charting tools and common-or-garden news can be useful. You may need to become familiar with particular countries. It will be easier to know your market if you specialize.

You should never trade for the sake of it. Even if you do not trade, you will have been watching the markets and learning and not losing money. There will always be another trading opportunity. Sometimes, the best thing you can do is nothing. Even the best traders sometimes lose, but focusing on a trading plan as described here will help you to trade without stress.

Squeezing the Most Out of Your Auto Insurance


Posted by Daniel | Posted in Auto & Motor | Posted on 08-11-2012

One must always have auto insurance if he or she expects to drive on public highways legally. Whether it’s AARP insurance or any other coverage, it is vital that you take steps that will help you reduce your car insurance premium. Taking these steps can help you reduce your premium by at least thirty percent. Let’s examine three steps that  will assist you in getting the best deal with an automobile insurance company when you check auto insurance quotes and rates.

Auto Insurance Quotes

A reputable insurance company will always be more than happy to give you a quote over the telephone. You should get several price quotes from insurance companies in your area. This simple step will can assist you in securing the best deal for your budget. This simple step will also allow you to see if your present insurance company has your best interest in mind.

Car Insurance Calculator

A car insurance calculator can help you compute the total costs of your car insurance. You can purchase this special calculator in a retail store. You also have the option of using a free online car insurance calculator. Using this calculator can help you select or dismiss benefits within your package.

Ask for Discounts

Reputable insurance companies are well-known for offering discounts to their favorite customers. For example, you may be given a discount for being a safe driver over a specified period of time. You may also be given a discount if you have an anti-theft device on your car. Asking for discounts can put you in a position to reduce your monthly premium significantly.

It is mandatory for you to have auto insurance in order to drive legally on public roads. It is important for you to take steps that can help you save money on your auto insurance. Following the three steps listed above can help you get a good deal on your car insurance.

Enjoy an Early St. Patrick’s Day


Posted by Daniel | Posted in Arts & Entertainment | Posted on 30-10-2012

With the weather getting a little cooler across the country, I’ve had a hankering for some very distinct cuisine. I’m been craving all that is Irish, and so I thought it would be great to celebrate an early St. Patrick’s Day this next weekend. Here are some things to think about when celebrating!

Enjoy Some Beer

I’m a big fan of beer. But, sometimes Guinness just isn’t what you want to drink because it is so heavy. There are actually a lot of choices when it comes to Irish beers that are good to drink during your early St. Patrick’s Day festival. For example, you enjoy Beamish Irish Stout, Murphy’s Irish Stout, Ohara’s Celtic Stout, Porterhouse Oyster Stout, Harp Lager, Kilkenny Irish Cream Ale, Murphy’s Irish Red, Smithwick’s Irish Ale, and more! Try some out!

Eat Like You’re Irish

What I’ve really been craving, beyond the beer, is the food. Irish fare is a great thing to have when it starts getting a little cold outside. I love the traditional favorites like corned beef and cabbage, or just having corned beef with just about anything.

If you want to enjoy some Irish food, you should try one of these classics: corned beef and cabbage, herb dumpling stew, reuben casserole, lamb stew, Irish stew, or Shepherd’s Pie.

You can also try a variation on traditional corned beef by making it in a crockpot, or even making a corned beef bake.

Listen to Some Irish-Inspired Music

Finally, you should always consider listening to some Irish music if you want to have a good time when you’re enjoying your Irish beer and eating your Irish fare. I’m a big fan right now of Mumford and Sons, and I’m even considering getting Mumford and Sons tickets to an upcoming show to enjoy them even more. There is nothing better than enjoying a Guinness or other beer and listening to some great Irish tunes!

Things to Consider When Buying a New Car


Posted by Daniel | Posted in Auto & Motor | Posted on 28-10-2012

Buying a new car can be a fun, yet challenging, experience. There is nothing like sitting in a new car and smelling the fresh leather of the interior. However, it can be tough buying a car because you have a sales person hovering by you saying anything they can to make the deal happen. Here are some things to consider if you’re in the market for a new car.

Negotiate The Price

The first thing you have to do when buying a new car is negotiate, negotiate, negotiate. Everything is negotiable, and don’t think you have to fall for the sales person’s car offers. I suggest that you only offer out the price you are willing to pay,
not what the dealer wants you to pay. And make sure you negotiate on price, not other features, like financing.

Be Smart About Financing

Speaking of finance, make sure that you are being smart about the financing deal. Many dealers and car salesmen will pitch you on a monthly payment – but that may not be a great deal. Salesmen know they can get to any monthly payment, but they do it by stretching out the loan, charging higher interest rates, or more. The bottom line is that you, as the buyer, probably don’t get the best deal.

Don’t think you have to get a car loan from the dealer either. In fact, many banks and credit unions have great offers on car loans right now, so you should shop around to make sure that you get the best loan terms possible.

Don’t Fall For Extras

Finally, don’t fall for the extra add-ons the salesman will try to sell you. These include longer warranties, scratch protection on the paint, or more. First, many of these you don’t really need, especially when it comes to the warranty. Second, for
the other add-ons, if you do want them you will probably get a better price doing it yourself at an after-market shop than the dealership, which will charge you more.

How online gaming can help you save


Posted by Daniel | Posted in Uncategorized | Posted on 18-10-2012

With the level of debt rising continually over the last decade it is no surprise that people are looking for ways to cut back on costs and save wherever possible. The continual challenge for consumers to make ends meet and not incur unnecessary debt have led to people looking for new ways to enjoy entertainment and save on an aspect that could be considered a luxury and not a necessity.

Keeping finances healthy is now factored into many people’s daily lives, and new ways to save are always welcomed. By trying your hand at online gaming you will discover you can save a considerable amount of money and enhance your financial situation whilst still enjoying quality recreational time.

Free games online

Part of the attraction of many online games is the fact that they can be enjoyed absolutely free. Online casinos like RiverBelle offer all their games as free versions that can be enjoyed with no obligations. Arcade style games are also often available free and favorites such as Pac man can easily be found online. Another very popular online genre are RPG and MMO games, and these games often charge players a nominal monthly fee of a few dollars to join the live servers. You can save a large amount of money by playing these free games, replacing costly entertainment options with entertainment that won’t break the bank.

Reduce expenses

Entertainment expenses are never limited to simply just enjoying a movie, or going out for a meal. Factor in the petrol that it takes for you to drive to your intended location, the parking, entrance or ticket fee, food and beverages and other sundry expenses such as renting bowling shoes or tipping waiting staff. By enjoying online games in the comfort of your own home you have eliminated all of these expenses ad still have access to top quality gaming and world class entertainment. The savings will add up incrementally and before long you will have reduced your entertainment costs by more than half.

Finally, all that is required for you to enjoy online games is a stable internet connection and PC or mobile device that allows you to access the games in compatible format. Add up how much you save on a monthly basis and compare it to how much you have spent in the past to really see results.