December 14, 2012
Online Forex broker is a company providing trading platform for traders to buy or sell currencies. Traders are commonly using the online broker services to be able to access the forex market 24 hours in working days.
Online forex brokers usually make money from the compensation of bid-ask spread for a currency pair. For example if in one time, the bid price for EUR/USD is 1.4732 and the ask price is 1.4735. If at that time trader makes entry to the market it means that he can buy the currency at 1.4735 or sell it at 1.4732. The spread for this trade then become 4735-4732=3 pips. 3 pips is exactly the compensation online forex broker get from the trading.
Of course different Online Forex Broker will have different policies in the spread of each currency pair. Thus, you have to be careful when determining which online forex broker to serve your currency trade. Make sure you really understand this information, especially for your favorite currency pairs. Most online forex brokers commonly have such low spread of 2-4 pips for EUR/USD, EUR/CHF, or GBP/USD. While they usually have such high spread, from 8 to 17 pips for other currency pairs of EUR/CAD, CHF/JPY, and CAD/JPY. So that it is important for you to deeply check onto the Online Forex Broker’s policy to get their level of reliability. Read more...
November 21, 2012
Yes retirement planning is important for all of us. This is not an easy subject for any of us to talk about, but, we must discuss it sooner rather later!
We want to be able to enjoy our golden years comfortably without having to worry about our finances. Planning your retirement is a crucial key to making this happen.
So, what do I need to do to plan for my retirement? You can start by asking and answering some or all of these questions: How long will it be before I retire? Do I have money already saved for retirement and if so, will it be enough for me to retire on? How much money should I put away for my retirement? How should I invest my money in order to achieve the amount of money I want to retire on? How much money will I need to live on to maintain my present and future lifestyle?
All of these retirement planning questions are important for you to think about in order to have solid retirement planning. Once you have answers to these questions, then proceed to start your retirement savings now! Read more...
November 20, 2012
The problem is that you borrow money for a reason the reason to tide over to payday, to fund a holiday, some home improvement etc. the focus on what the way we want to get the fast cash. For Instant Payday Loans has given a good answer to the spending question and suggested to spend now and repay the amount tomorrow. Altogether, it has become an ethos of the day.
Here is certain eligibility criteria that you need to fulfill in order to qualify for these payday loans. For example, it is must for you to be at least 18 years of age and to be permanent citizen of the UK. Besides that, the most important factor is that, you must have a stable employment and an active checking account. Your present job should be at least three months old. As older your job, the more your chances of securing instant approval gets brighter. A checking account is a bank account, in which your monthly salary is credited every month on the payday. Read more...
November 19, 2012
Credit cards are convenient, but unless you are careful about your spending, you may be shocked when you get your monthly bill. Keep all of your receipts in order to keep track of what you have spent. Credit cards are convenient for consumers. Cards are easy to get. Credit cards are a privilege that offers many advantages. Having a student credit card allows you to pay bills and make purchases online or over the telephone with great convenience.
Credit cards are widely used. Shops and restaurants that accept credit cards have stickers at the entrance or signs posted elsewhere to designate which cards are accepted. Credit cards are only one means of stealing your identity. They are surely the most convenient form. Credit cards are one of the financial staples of modern society and with them come the additional necessity of credit debt management. Credit cards allow anyone who qualifies to purchase things that they may not be able to purchase with cash and then pay it off in smaller payments. Read more...
November 18, 2012
Equity is the value of your home at current market value after deducting the outstanding mortgage on your home, which is what you would have left over in the event that you sold your property at market value and repaid your outstanding mortgage. Home equity is built over time; as equity builds, you create a pool of money which your can utilize it later for many purposes.
In general, it is unadvisable to spend your equity money on things that do not give you ROI (return on investment) such as frivolous vacations. Use your home equity to clear your bad debts is actually a type of spending on your equity money. You could avoid yourself from trapping into debts by carefully plan your budget and spend with what you earn.
A smarter way of using your equity is use it to grow your equity further, spend on things that will bring you ROI. Ways to use your equity smartly include:
Start Your Own Business
You can use your home equity to borrow a low interest loan to generate the capital necessary to start your own business. Just be sure that you have a sound business plan in mind and that you have other safety cushions in place. Read more...
November 17, 2012
Make sure you know where you intend on moving your money in advance!
As you probably know, an individual retirement account requires that you decide where your money is going to be invested in order to work with the retirement account.
Essentially this is called a “custodian” for your investments. You should generally chose a safe custodian – some of the most common ones are mutual funds, savings accounts, and bonds. While you should definitely be careful as to which custodian you choose for your retirement account, don’t worry! You are not stuck with the same investment until you retire.
However, unlike a normal investment, you should keep in mind that you are only allowed to transfer or “roll over” your retirement account once a year. Also, there are some very specific rules that you need to follow. It is generally a good idea to find out how to transfer a retirement account before you even begin to invest in one. That way if you ever need to do a roll over in the future, you’ll be ready.
First of all, you should probably have a good idea of where you want to invest the money before you start the rollover process. Read more...
November 16, 2012
If you think good investment advice is only for the rich, you’re not alone. Nearly two-thirds (65 percent) of investing Americans believe that those with more money are able to get better financial advice than those with less money.
Further, more than a quarter (26 percent) state that it takes at least $100,000 to get top-quality financial advice.
This is according to a new survey by the Retirement Corporation of America, which also finds that more than half (56 percent) of investors believe that financial advisors lose credibility when they accept fees or commissions.
Given the above perceptions, it is not surprising that 53 percent rely on themselves or turn to family and friends when it is time to make investment decisions rather than seek professional advice. However, changing investment funds is easier said than done for investors. The survey finds that nearly a third (31 percent) are willing to wait from one to five years before they move their money from a poorly performing option to a better one. Read more...
November 15, 2012
How would you like to earn more in 2006? Up to $4000 more? The answer is not by earning more, although that can help, it’s by cutting back on your daily expense. We work to earn a living. We live paycheck to paycheck. Never have money left over at the end of the month? Where does it all go? You can probably account for the majority of where you paycheck goes. Housing, car payments, credit card bills, food. But where do all those other dollars go?
You might be surprised how much cash you spend every day without really knowing it. Lets start with your drive to work.
Long commute? How much gas do you use a week commuting? Are there ways you can reduce that? Car pool, public transportation? A job closer to home? Do you have to pay for parking? If you have to park in a downtown area anywhere in the county you are probably spending $8-$12 or more per day. Can you find a less expensive place to park even if it means walking a few extra blocks? A job where you don’t have to pay for parking can save you $100-$200 a month. Read more...
November 14, 2012
As Americans face rising fuel prices, many are looking for ways to save money and energy in their homes.
The pressure to reduce energy consumption and costs is inspiring homeowners to challenge the relevance of old heating and hot water solutions and consider other cost-effective options, such as wall-hung boiler technology.
Wall-hung boilers have been common in homes throughout Europe for the past three decades and are now emerging as a popular alternative for heating homes and businesses in North America.
Baxi Luna wall-hung boilers, for instance, are helping homeowners throughout the U.S. cut their home heating and hot water fuel consumption in half. These boilers are fully modulating, meaning they start at a preset, high-fire position and gradually reduce fuel output until the heating demand is met. At this point, the boiler automatically shuts off.
Billed as one of the quietest boilers on the market, Baxi Luna boilers are fired by propane or natural gas. No bigger than a kitchen cabinet, a Baxi Luna boiler can be installed in the closet – saving valuable living space in homes of up to 6,000 square feet.
The boiler also is making commercial buildings more efficient. Read more...
November 13, 2012
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I have notice that keep on changing new car has become a trend of today’s life in city. People keep on switching to new car for no reason. It seems like car has become a way for people to express and show their status. Every year there are so many new car models coming up. So they keep on changing the car whenever they saw some new models that they like.
I had even heard people saying this: ‘Since I need to pay for my installment every month, then why don’t I switch to a better new car?’ It seems like paying car installment has become part of people’s routine life where if they don’t pay for the installment, they don’t know what to do with the money. Maybe people have forgot that they don’t have to pay for car installment if they don’t want to.
I know that I may offend a lot of people by saying that buying a new car is not necessary. Read more...