Make Money When Buying a House and Save Money When Selling a House

Here are a couple new, interesting websites I received an email about last week. They are designed to save you money when you sell your house and make you money when you buy it. But before we get to them and what they offer, let's review the home selling and buying process.

When a home is sold, the realtors involved (buyer's and seller's realtors) earn a 6% commission on average for selling the home. That commission is paid for by the seller. Generally, the commission is split evenly between the listing agent and the selling agent. If the listing agent also sells the home, he keeps the entire 6%. So if your home sells for $200,000, you'll end up paying the realtors involved $12,000. That's a pretty big chunk of change, but theoretically it goes to pay for all the ads, MLS fees, and other work done by the realtor.

On the buying side, you don't have realtors fees as all of these are paid for by the seller (though some will argue that they are factored into the cost of the house, I'd say the house sells for what the market declares to be a fair price and the fees are then paid by the seller after the fact.) But that doesn't mean realtor fees don't factor into your buying efforts. For instance, if both you and the seller have agents, you'll pay $200,000 for the house above while the seller will get back $188,000 ($200k - $12k; yes, there are other fees, but I'm trying to keep this simple.) But if you find the seller or he finds you without any agents involved, he is now willing to take a lower price since he'll "save" $12,000 if you buy from him. So let's say you split the difference and you buy the house for $194,000. With no realtors, you save $6k on the home and he makes $6k more. It's a win-win situation!

The two sites I noted above are designed to help you eliminate the realtors' fees as much as possible so more money goes into your pocket. Here's how they do it:

• IggysHouse lets you list a home you want to sell on the MLS system in your area. Since this is something that's usually closed to people looking to sell their own homes and is a key to getting your house in front of agents in your area, this is a valuable service. The site also gets your house listed on Realtor.com (a major real estate website) and offers some other benefits as well. And all of this is FREE. You'll still need to do the other marketing for your home, but this is a big step to saving a bundle (at least 3% of the selling price of the home as you won't have an agent and maybe the whole 6% if you find a buyer without an agent). For details on how this works, visit their how we do it page.

• BuySideRealty basically acts as your agent -- though for a much cheaper rate than normal. The reason they can do this is that they offer fewer services than a regular agent (translation: you have to do much more of the work -- see their how it works page for details) But your reward for doing so is that they'll give you back 75% of the realtor fees they generate. So in the example above, they would have earned $6,000 in realtor fees from the seller and they would give you $4,500 back. Not bad at all for doing a bit more work yourself.

I see sites like these becoming more and more common as people look to eek out whatever equity is left in their homes. It could even work for us, IF we decide to sell our house when we buy the new one and IF we had the time to do much of the legwork ourselves (which we don't.)

I'm interested in your opinions -- what's your take on these sites and/or this do-it-yourself trend?

And for those of you who are skeptical out there, no, this is not a paid post for them. Though I wish it was! ;-)

Thoughts from My Car Dealership

Last Wednesday I took my car in for its 60,000-mile tune-up. I had several finance-related thoughts about the experience during the time I waited for the car and wanted to share them all with you. Here goes:

• I don't usually have my car worked on at the dealership since they are way over-priced. But for major work/tune-ups, I'd rather pay a bit more and have guys work on the car who really know the ins and outs of it (after all, they work on these cars all day, every day.) I also have a few other reasons I go to the dealership that I noted last year, most of which are still valid.

• Since my last visit, the dealership has upgraded. Instead of a lounge where you can hook up your own computer and get dial-up access, they now have the dealership's computer with high-speed internet access. Cool! I could do several blogging-related tasks while I waited. Yeah, they still had the option for me to dial-up my own computer, but why bother?

• During the tune-up, the manager came and told me my brakes were almost worn completely (95% or so) and asked if I wanted new ones (for both front and back) or wanted to get them elsewhere. If I got them here, it would be $425. Within 20-seconds, here's what went through my mind:

1. I do trust these guys -- I don't think they would tell me something like this if it weren't true.
2. I KNOW I can find a better deal on brakes somewhere else. I could probably save $100 or so versus their price.
3. How long will it take me to find a place to do my brakes? And to price shop? And to take my car in again? Maybe two hours at best. Probably more like four hours.
4. My car is here NOW. It can be done NOW for only maybe an extra hour's worth of waiting time. Even if I value my time at only $50 per hour (which I value it at more than that), I'll probably "save" $100 to $150 by having the work done here and right now.
5. If I get the brakes done now, I have a coupon that will give me $25 extra off the price.
6. I told him to do the work now.

• When I paid, my bill was $800. But I knocked it down a bit as follows:

• I had a coupon that gave me savings off different levels of spending at the dealership (I'm on their mailing list and they sent it to me.) The tune-up alone was going to get me $25 in savings, but adding the brake work bumped me up to the next savings level, so I got to save $50 off the work.

• I redeemed my last $100 rewards certificate from my Subaru Platinum MasterCard from Chase (for details on how/why I had this card, see What My Second Credit Card Does for Me.) I'm getting rid of this card in favor of the Chase Freedom Cash Visa Card since next year I'm looking to dramatically increase my cash back rewards. But I did use my one, last rewards certificate to knock $100 off the bill. And I timed it so it will leave me with no rewards accumulated on it.

• My final bill was $650 and I paid with my Blue Cash from American Express card, earning me cash back of $9.75. Not bad.

That's it. Who ever thought I'd pick up such a long blog post at my dealership? ;-)

Facts on Income Tax Payers

I found this article from Kiplinger's fascinating. It's on taxes and who pays what. here are the parts I found especially interesting:

• New data show that an income of $30,881 or more puts you in the top half of the class. Earning about twice that much -- $62,068 -- earns you a spot among the top 25% of all wage earners. You crack the elite top 10% if you earn more than $103,912.

• And $364,657 buys top bragging rights: Earn that much or more and you're among the top 1% of all American earners. Together, the top 1% earn a full 21% of the income reported to the IRS -- far more than the 13% of total income reported by the bottom 50% of earners.

• Here's another powerful statistic about the top 1% of earners: They pay a whopping 39% of all federal income taxes. The bottom 50% pay just 3% of all income taxes.

A few thoughts here:

1. Wow, $31k puts you in the top half of all earners? Yikes! There are a boatload of people not making very much -- even when you factor out students and those living on Social Security.

2. Earning $100k puts you in a pretty good position still. I remember when a "six-figure-income" was what everyone strived for but I thought it had lost a bit of its glamour just like becoming a millionaire has. It probably has lost a bit of ground, but still, it puts you in the top 10% -- not bad. (And, by the way, being a millionaire, while more common, also puts you among the elite in terms of net worth.)

3. The bottom 50% only earn 13% of the total income. Seems like the gap between rich and poor is growing.

4. 50% of the population lives in the U.S. and gets all the government services for free basically (yeah, they kick in 3% so they do pay some.) That is simply astounding to me -- half of all people pay virtually no taxes whatsoever. I'm starting to see why some people say they don't give because they "give" to help others in the form of taxes. (No, I don't buy this argument, but I can see where it's coming from when looking at these numbers.)

Auto Forex System Trading

Auto Forex System Trading

Auto forex system trading is the perfect strategy for investors or brokers who either do not have time to watch the market closely or trying to diversify the portfolio. It is like having a professional to trade your account for you, taking care of your profits.

Automated forex trading systems replace the need for manually buying or selling the currencies. With auto forex system trading, you can continue to focus on your own trading strategies and can take benefits of other strategies as well.

Auto forex system trading can be of different types. The systems are based on software and algorithms to generate trading signals. Different automated trading platforms use varied software to generate the trading signals. You can run the system from your own desktop or can leave the trading completely to professionals through your managed accounts.

Auto forex system trading platform is configured to automatically open and close positions at specified parameters. As the forex markets in different countries operate in different time zones, the trading practically continues round the clock. With a managed account in your auto forex system trading, whenever a trade signal is generated, your order will be placed into your account while you are away working or sleeping.

Auto forex system trading is free of the traders’ emotion. As the operations are strictly software driven, you need to concentrate on the strategic decisions, which will be executed automatically. As the automated trading platforms have proper risk management features, your trades will be secured and safe.

Many online brokers offer auto forex system trading platforms for free. You can download the system in your desktop. For a subscription or with the spread, the online broker can manage your investment.

If you purchase an automated forex trading system, the vendor may offer you free trading alert services when you can receive signals whenever a trade is identified. In many trading platforms, your order can be placed automatically, whenever a signal is generated and, therefore, you never miss a trading opportunity and save your time as well.

To take the maximum advantage of the auto forex trading system, you need planning and self-preparation. Always determine beforehand how much of your trading capital you will risk. Work on a demo account for few months before choosing the automated trading platform.

You must also monitor how your accounts are doing on a regular basis. A successful auto forex trading system should be based on low leverage and multiple entry. Always ask for the history and record of past performance of the auto forex system trading platform. The trading platform should be simple enough for you to operate.

About the Author

Learn how to start trading without any effort, visit Auto Forex System Trading

Forex Trading Tools: Developing Your Skills For Consistent Profits

Forex Trading Tools: Developing Your Skills For Consistent Profits

by Ryan Lee Daniels


There are several Forex Trading Tools available to a trader. Yet with the multitude of such tools, the number of traders that make it to consistent profits are still so few. So the question that begs to be asked is:

If it's not the forex trading tools that make a successful trader, then what does?

Some of the tools required to trade the forex currencies are obvious and basic. At the same time, there are quite a few others that aren't. Yet it is these less obvious tools, while not having a direct impact on your trading results, influence your forex trading success in very subtle and important ways.

One of the reasons why forex traders find it so difficult to find success is not having the ability to see how everything works together in the forex markets. This ability to see the bigger picture is crucial to find success as a trader, because it influences the way you would use your trading tools to pull profits out of the markets.

The difference between novice traders and season traders is this:

Most novice traders only think about the minimum things required to start trading, while the experienced, seasoned traders often strive to utilize the maximum of the tools available to them.

In the game of forex trading, retail traders are usually the least informed and hold the weakest power to determine how the forex currencies. On the other hand, while the banks and large financial institutions have access to sophisticated forex trading tools, it doesn't mean as a retail trader, you require all these tools for forex trading success. But you DO need to have all the trading tools required for forex trading success.

So what do you need to start your forex trading career?

The Basic Forex Trading Tools to Start Trading

These are the basic forex trading tools that you obviously need in order to trade the forex currencies, but these aren't the only tools required for forex trading success:

1. Your Forex Trading Account 2. Your Forex Trading Platform 3. Your Forex Trading System 4. Your Forex Trading Risk Capital

In most cases, novice forex traders tend to think that this is all they need to become hugely profitable in the forex markets. It's so simple and easy, right? It's true, this is all you need to start trading. But what is not so obvious is that while this is what you need to START trading, it's not necessarily what's needed to be trading profitably!

Forex Trading Success is a journey where you, as a trader, are on a path of learning and growth. It's a journey from point A to point B, where point B is consistent forex trading profits.

To think that a novice trader can become wildly successful with just these four trading tools alone is thinking a towering 100 story building can be constructed with only a pencil, a piece of paper, and 4 bricks. Other elements and tools are used to build your forex trading business but because they are in the background of what's going on, they can be easily missed or dismissed in terms of their importance.

If these four tools are what is required for trading success, then we would have a lot more traders being profitable and rich, wouldn't we?

Developing Your Skill To Use The Basic Forex Trading Tools

Developing your skill as a forex trader is necessary to become successful. The quality of the product is due to the quality of the craftsman. The more highly skilled you are, the more you are able to understand and utilize the nuances of forex trading tools.

On the surface, it may seem the skills required to use these forex trading tools would be the technical knowledge. Knowledge of how your trading platform works, how technical indicators are constructed, what they mean, and what would be the best ways of putting them together to create a forex trading system.

However, forex trading success isn't a two dimensional thing consisting only of your trading account and a trading system. In reality, it's a multi-dimensional thing that encompasses you not just as a trader but as a complete person. You have to learn a forex trading system suitable to you, the appropriate type of risk and money management strategies, developing a daily forex trading routine that matches what you want to accomplish in congruence with your actual life, maintaining your records and other supporting skills.

And these skills as a trader can't be bought with money. It takes time, effort and discipline to develop your trading skills. Not only that, it does require actual trading experience to understand what emotions you go through and how to manage them in your forex trading business.

While it may seem to be a lot of work and study, it's definitely possible to become a successful forex trader. Just don't expect it to happen overnight, or you will be sorely disappointed. Even the best of traders are constantly learning new things about the markets, the subtleties of trading and of themselves as traders and persons. Although with the right forex trading education and mentorship you can reduce the time taken, in most cases you'll still have to go through the experience of learning what it takes to be a successful forex trader.

Schwarzenegger has to cut costs

How Will Schwarzenegger correct the California budget deficit?

The main reason that Gray Davis was recalled in California is the budget deficit for which he is largely held responsible. Now Arnold has vowed to make the budget his first priority.

This morning he said, "We don't know exactly what the current operating deficit is. It went from $7 billion to $8 billion to $10 billion and just this morning I found out if this court case goes wrong, it could go to $20 billion."

He was referring to a lawsuit that would stop the state from issuing bonds to fund the current state deficit.

I admire the fact that Arnold wants to comply with the law, and work towards a balanced budget for California, but anyone in business knows that there are two ways to close a deficit. They are 1.) Increase revenues and 2.) Decrease expenditures.

There are a couple of glaring problems with Arnold's "plan":

1. Arnold has vowed not to raise taxes, and to abolish the recently passed auto licensing fee which nearly tripled the auto taxes in California. The auto tax was expected to bring in somewhere in the neighborhood of $4 billion, an amount that would significantly reduce the debt. This means that not only will Gov. Elect Schwarzenegger not be able to increase revenues, he is starting even farther "behind the eight-ball" than expected.
2. There are only a few ways to decrease expenditures. Arnold could eliminate government jobs, which I am sure will go over very well. He could decrease correctional agency funding, perhaps by releasing non-violent offenders into parole. Ofcourse, the health and human services funding makes up 28% of the state's budget. I'm sure everyone would understand if Arnold cuts health and human services... which brings me to the real reason that I began writing this evening:

There is a great liklihood that health and human services budgets will be cut. We cannot forget that Schwarzenegger is a Republican. "Privatization" is the mantra. What will happen to the elderly who depend on state-run programs as a major part of their lives?

While it may be too late for them, it is important that we all take some time to prepare for our own future. You never know when a less-than-qualified candidate will be chosen to make the tough decisions that directly affect your life. Long Term Care Insurance puts the reigns of your life back into your hands. Don't rely on the compassion of the politicians in power.

EUR/USD Fluctuations Continue

EUR/USD retraced back to 1.4200 level today after some very disappointing housing data came out in U.S. Overall situation continues to remain uncertain with the EUR/USD ranging between 1.4050 and 1.4250. It now formed a clear plateau pattern on the daily chart marking some major break in the Euro vs. Dollar struggle.

Housing report for September showed a further downfall in this economics sector with the decrease in both housing starts and building permits numbers exceeding pessimistic market forecasts. There were 1,191k housing starts (against 1,285k expected) and 1,226k new building permits (against 1,300k expected) this September.

Contrary to real estate sector bad news September CPI report showed a better than expected value - 0.3% against 0.2% expected, and that's from the -0.1% in August.

Crude oil inventories report for the October 8-12 week showed a major increase in commercial oil inventories - 1.8 million barrels, which can easily compensate for the previous decrease by 1.67 million barrels.

Dollar Takes More Beating

Today U.S. dollar continued its way down the Forex market to historical bottoms of its rate against Euro currency. With EUR/USD hitting its new historical maximum at 1.4309, there is a little doubt now that dollar will stop euro reaching and breaking 1.4500 level. This is mainly caused by bad U.S. data coming out last weeks, which might mean another Fed rate cut by the end of the month.

First strike on dollar bulls was delivered today by the initial jobless claims report for the past week with 29k increase from the previous week - to 337k. Then the leading indicators by the Conference Board Inc. came out showing a 0.3% growth, which appeared as expected. But it is a very weak indicator that doesn't mean a lot to Forex traders usually.

Second strike was Philladelphia Fed Business Outlook Survey showed a very strong decrease in the diffusion index of current activity from 10.9 in September to 6.8 in October, whereas even pessimistic market analysts were expecting to see 7.0 value.

To sum it up - it is a bad time to be long on dollar, but good to be long on EUR/USD.

Common Sense Guidelines for the Average Trader

Look for a reputable brokerAbility to trade effectively depends on consistent spreads and ample liquidityAnyone can establish a positionAbility to close out a position at a fair market price is more importantLive to trade another dayApply prudent money management skillsAvoid using excessive leverage that puts your investment capital at riskAlways trade with a stop!Don�t trade emotionally, stick to your plan and maintain disciplineEstablish a trading plan before initiating a tradeSet reasonable risk/reward parametersDon�t override your stops for emotional reasonsDon�t react to price action � means don�t buy just because it looks cheap or sell because it looks too high, Have supporting evidence to back up your tradeDon�t puntDon't punt ( Punting is trading for trading sake without a view)Don�t leave stops at obvious levels such as �big figures� (e.g. eur/usd 1.20, usd/jpy 110)i.e. JUBBS stops = stops at obvious levels and thus are more likely triggeredDon�t add to a losing position in unless it is part of a strategy to scale into a positionIn other words, don�t double up in the hope of recouping losses unless it is part of a broader trading strategyTrading with and against the trendWhen trading with a trend, consider the use of trailing stops.When trading against the trend, be disciplined taking profits and don�t hold out for the last pipTreat trading as a continuumDon�t base success on one tradeAvoid emotional highs or lows on individual tradesConsistency should be an objectiveForex trading is multi-currencyWatch crosses as they are key influences on spot tradingCrosses are one currency vs. another, such as eur/jpy (euro vs. jpy) or eur/gbp (eur vs. gbp)Crosses can be used as clues for direction for spot currencies even if you are not trading themBe cognizant of what news is coming out each day so you don�t get blindsidedBe cognizant of what news is coming out each day so you don�t get blindsidedBeware of trading just ahead of an economic number and be wary of volatility following key releasesBeware of illiquid marketsBeware of illiquid marketsAdjust strategies during holiday or pre-holiday periods to take into account thin liquidityBeware of central bank intervention in illiquid marketsJay Meisler, a partner in Global-View.com, says one problem of trading with too-high leverage is that one piece of surprise news can wipe out one's capital. "Those who treat forex trading as if they were in a casino will see the same long-term results as when they go to Las Vegas," he says, adding: "If you treat forex trading like a business, including proper money management, you have a better chance of success." �Newsweek International, March 15, 2004Treat this business as a marathon and not a sprint so you avoid burnout and maintain stamina for the long haul.

Essential Elements of a Successful Trader

All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.However, once you learn to control your fear, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue – you’re overconfident and not focused enough on the risk you're taking.Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who’s overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence). A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.The difficulty doesn’t end with “pulling the trigger”. In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement.For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like “what if news comes out and you wind up with a loss”. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).So your fear is just a baseless annoyance. Don’t try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld “Live in the now man”. Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you’re a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.Patience to Gain Knowledge through Study and FocusMany new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.Jimmy Young

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GBP/USD (autoupdate every 1:00 am [NY Time])

BLUE = Buy Area (buy start at [High] 20 pips and take profit at [High] BreakOut) or +20 pips from buy start. RED = Sell Area (Sell start at [Low] 20 pips and take profit at [Low] BreakOut) or -20 pips from sell start.

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Come and read all the experiences of online forex trading from Forex broker and other bloggers and share some of your on in what is and will be one of the biggest Forex blogging community on the web.

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Latest Forex posts

The last time we had a market (Stock, not Forex) environment similar to that of today was 1968. There were riots at the Democratic convention, anti-war protests, fighting in Vietnam, runaway spending and anti-Johnson sentiment, yet the economy was expanding...
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News are the foundation stone of the fundamental analysis. Any market is influenced, in one way or another, by news and other economic indicators. The forex is the most allergic to news, especially for short term movements, due to the fact it is open almost 24 hours a day ...
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I can't believe how lucky I am. A few days ago I got this e-mail, explaining a thing or two about forex trading and the market in which it operates. Right away, I entered Google and searched for a few sites to read on and study about the forex trading a bit more. Within that day, I opened 3(!!!) demo accounts in 3 different forex sites....
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THE BEST SOURCE FOR ONLINE FOREX TRADING INFO BY FOREX BROKER AND FOREX TRADERS

bad-fundamentals-good-for-usd

While dollar continued to rebound its weak positions today after EUR/USD failing to break 1.4180 resistance, fundamental stats from United States again came out below expectations. And again this caused a dollar rally against the Euro currency. ISM report on business activity for September 2007 showed a decrease by 1% - from 55.8% to 54.8% - well below the pessimistic expectation of 55.0%. After this report dollar went high to its weekly minimum at 1.4130 and now continues to gain strength.

One fundamental news that helped dollar and wasn't negative is the increase of the commercial crude oil inventories by 1.2 million barrels last week. This is logical, since when commodity prices are decreasing, currency gain value. As to the reaction on ISM services index - bad fundamental data now scare stock market investors away, thus making them to cash out into dollars (giving it more demand).

carnival-of-forex-trading

Welcome to the October 4, 2007 edition of carnival of Forex trading. Only three quality Forex trading articles this time - definitely not too many. But they all are worth reading. No useless talking, but an interesting reading.

Thomas Ott presents A Review Of My Forex Trading posted at Neural Market Trends, saying, "I’m closing in on my 1 year anniversary of trading Forex my $100 Forex Experiment. I did really well ($ wise) in the beginning of the year only to get smacked hard between May and June."

Thomas Ott presents US Interest Rates VS Currencies | Neural Market Trends posted at Neural Market Trends, saying, "A quick analysis that shows long term correlation between US interest rates and currencies. Part of a brain tease."

Stirling Newberry presents Why the dollar is taking another beating now posted at The Agonist, saying, "The outlook for the US dollar is a constant and continued erosion, followed by an extended period where the dollar will be very weak compared to other currencies, until there are clear signs of a change in policy regime in the United States. The issue is confidence."

What is Forex ???

Forex is an abbreviation of Foreign Exchange. It's a comparation between two different currency. For example : Euro vs US Dolar at position 1.3

It's mean that 1 Euro is equal to 1.3 US Dolar.
Generally, the name of currency are consist only three alphabet, for example EUR for Euro or USD for US Dolar or GBP for English Poundsterling.

Many people trading this kind of forex. But as usual investment, Forex is a typical of High Risk, High Gain invest. So, be carefull if you want to join this kind of investment.

Caution ! Never believe a company which can guarantee give you fixed interest from forex !
It's nonsense and impossible, because forex is the most fluctuated investment (beside stock index of course). So just be carefull ... Be a wiseman

NSF check recovery service

At www.bumchecks.com your small or large business may access a free nsf check recovery service (on-line sign-up is even available). Other check recovery services available through www.bumchecks.com include a free e-check collection service, stop payment check collection, and closed account check collection. Bad check recovery is free for any size business because of the state bad check fee (www.checks.com/statefees). Other collection agency services available through bumchecks.com include a bad check restitution program for District Attorney offices, a medical collection service, and accounts receivables collection.

Can Debt Consolidation be bankruptcy alternative?

Bankruptcy filing has the effect in two ways; one of them is that you will get relief from your debt and the harassment of your creditors or collection agencies, but the other effect is that you will hurt your credit report heavily. Your credit report will show it for the next 8 years that you have filed bankruptcy. This report will have negative effect on creditors for future needs of loan for you. Most of the lenders will charge high rate of interest if they agree to provide you loans.

Now the question comes can debt consolidation be the alternative of bankruptcy? The answer is “yes”. First of all you need to understand the basics of debt consolidation. Debt Consolidation program combines all you debts in a single monthly payment. You will pay to the consolidation company and they will pay to all your creditors. Here your total payment towards creditors will decrease a certain amount. So if you can consolidate your debt then you can certainly avoid bankruptcy filing. Of course, you must have that position to pay the monthly payment to the consolidation company. Overall debt consolidation is really a good service to avoid bankruptcy.

Something about Personal Bankruptcy

Maximum of us face financial problems in lives. The problem may arise from many areas like, overwhelming medical bills, huge credit card bills etc. Situation becomes critical when you are unable to pay the payments and your creditors and collection agencies call you in your home and even your work place. This is really a pathetic situation. But you should try to come out from that critical situation. Now the question is how you can come out from it! Some of us make a hard budget to control over their expenses and work hard to earn more, in this way they save extra amount by which they are able to pay the creditors. This is really an excellent plan to move from critical financial situation to stable situation.

But some of our situation is so critical that they can no longer pay anything to their creditors. In this situation Bankruptcy may be the right option to choose. Your situation will decide whether you can file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Here you should know that you have to be ready for the expenses of filing bankruptcy. You are not supposed to have great knowledge on Bankruptcy laws. The laws are very critical. So you need to hire a Bankruptcy attorney. Also there are some other costs like bankruptcy filing cost.

Tax Debt Relief Program

Those who have failed to file tax returns in time opted for tax debt relief option. Tax debt may be caused of many reasons like emergency medical bills, death in family, lavish type of lifestyle, sudden change in economic condition due to lost of employment etc. But to live in a country it is essential to pay tax. So you need to do something by which your total amount of debt can be reduced if you are not able to pay it full at a time. Here comes the importance of Tax debt relief program.
There are many tax relief agencies that offer tax settlement program which helps clients to get relief from tax debt. Tax really a complicated area and due debts on it is also very much perplexed. So a professional can only handle this matter appropriately. Government also have many options for people who are not able to pay due tax. If someone is in underpayment then there are easier options in the rule of the Government than a person who has just refused to pay the due tax payment. Anyways due taxes are always offensive.

Responsible citizens should not ignore to pay tax at any point of time. We should always remember that Government is always there to help people but not to them who always commit same mistakes repeatedly.

Financial Sources (FinancialSources.info)

Financial Sources (FinancialSources.info) is a Subject Tracer™ Information Blog developed and created by the Virtual Private Library™. It is designed to bring together the latest resources and sources on an ongoing basis from the Internet for financial resources which are listed below. We always welcome suggestions of additional sites and resources to be added to this comprehensive listing and please submit by clicking here. This site has been developed and maintained by Marcus P. Zillman, M.S., A.M.H.A.; Internet expert, author, keynote speaker, and consultant. His latest white papers include Searching the Internet, Academic and Scholar Search Engines and Sources, and Knowledge Discovery Resources 2007. All of his Subject Tracer™ Information Blogs and his white papers are available from WhitePapers.us.His latest monthly column is available by clicking here. Subscribe to his free monthly Awareness Watch™ Newsletter. Learn more by clicking here. Free online streaming tutorial videos on searching the Internet by Marcus P. Zillman, M.S., A.M.H.A.; available by clicking here.This Financial Sources Subject Tracer™ Information Blog is divided into the following sections: CORPORATION CONFERENCE CALLS SOURCES FINANCIAL SOURCES FINANCIAL SOURCES SEARCH ENGINES VENTURE CAPITAL SOURCES Current Subject Tracer™ Information Blogs CORPORATION CONFERENCE CALLS SOURCES BestCalls - The Internet's Conference Call Directory http://www.bestcalls.com/ Business Wire http://home.businesswire.com/ CCBN/Thomson http://www.ccbn.com/ Full Disclosure http://www.fulldisclosure.com/ Institutional Investor Corporate Conference Calls http://www.institutionalinvestor.com/default.asp?Page=8 PR Newswire http://www.prnewswire.com/ Q1234.com http://www.q1234.com/en/index.html Raging Bull http://ragingbull.lycos.com/ Thomson Street Events http://www.StreetEvents.com/Vcall http://www.vcall.com/ Yahoo! Current Day Conference Calls http://biz.yahoo.com/cc/

Ebayz Response to the Alleged Vladuz hacking incident

eBay is responding to the latest (alleged) attack on their site by Vladuz by confirming that the account information was valid, however the credit card numbers were not.Here is what the Chatter (eBay's blog team) has to say regarding their investigation:
I've been in touch with our operations and security teams, and I have more information I can share with you about yesterday's incident on the Trust & Safety discussion forum. In brief, very early yesterday morning, a fraudster posted contact information and alleged credit card numbers for about 1,200 members on our Trust & Safety discussion forum on eBay.com.While the issue was very unfortunate, it was clearly falsified to cause public concern. Early on eBay's teams verified that the credit card "data" did not match anything on file for these members on eBay or PayPal. After more investigation, including phone conversations with many of the members, it appears that these numbers were not valid at all.Each of these accounts was the victim of an Account Take Over, most likely through a successful phishing campaign. eBay has been in contact by phone with many of these members, and there is a My Messages email going out to impacted accounts to further our reach.1200 successful account-takeovers is a fairly large asset for a criminal to part with, even if the credit card numbers were no good. In the hand of the wrong people, 1200 eBay and PayPal accounts can be used to commit a lot of crime.Here is a description of how account-takeovers are sometimes used from my original post on this latest incident:
Account-takeovers enable criminals to scam others, using someone else's information. They can also be used to fence (sell) stolen merchandise with a high degree of anonymity. It should also be noted that stolen payment (credit/debit) card details are often used to purchase the merchandise, which is then fenced.To cover their tracks, the scammers often dupe people into laundering the proceeds of these sales in work-at-home (job) scams and wiring the money, normally across a border.Although eBay is stating that the credit card numbers in this case were no good, they are for sale, along with account-takeover information on the Internet.As I stated in my earlier post, phishing is a method, where a lot of personal and financial information is stolen, also.Thus far, all anyone can do is speculate as to how the accounts were compromised. It will be interesting to see if anyone gets to the bottom of what actually occurred.The Anti-Phishing Working Group tracks phishing activity and many experts claim that eBay and PayPal are the most frequently phished brands. They also have some excellent information on how to avoid being a victim and what to do if you think you've become one.Auction fraud doesn't only occur on eBay and can happen on any of the auction sites out there. The criminals behind this activity tend to go after what is the most popular, which probably has more to do with why they target eBay than anything else.If you get phishy e-mails that ask you to provide your eBay, or PayPal account numbers, the Chatter recommends you report them to spoof@ebay.com or spoof@paypal.com. They also recommend to go to their Security & Resolution Center if you encounter a problem.Another place to report phishy e-mails is CastleCop's PIRT Phishing Incident Reporting and Termination Squad. Please note you can also report this activity on the Anti-Phishing Working Group's site, also.Reporting a phishing attempt might prevent someone else from becoming a victim. Sadly enough, if you have an e-mail address, you probably see phishing attempts on a daily basis.Post from the Chatter, here.

Jeevan Anurag

LIC’s Jeevan ANURAG is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life. Benefits under the plan are payable at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy.

Assured Benefit
Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.

Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.

LIFE INSURANCE CORPORATION OF INDIA (LICI) `Agent

Job Function	:	Sales/Business Development
Specialization	:	Direct/Commission Sales
Industry	:	Insurance
Qualification	:	School & Graduation - Any Graduate
Experience	:	0 -5
Level	:	FULL OR PART TIME
Location	:	WEST BENGAL (Kolkata)
Key Skills	:	GOOD COMUNICATION, HIGH AMBITION, POSITIVE THINKING AND ATTITUDE

JOB DESCRIPTION :

CAN EARN RS 15000/- PER MONTH BYSALING AND MARKETING INSURANCE CONCEPT OF INDIA`S LARGEST LIFE INSURANCE COMPANY ie LIFE INSURANCE CORPORATION OF INDIA, THE ONLY GOVT INSURANCE COMPANY WITH GOVT ASUURANCE. LICI IS NO 1 MOST TRUSTED SERVICE BRAND OF TOP 50 COMPANY BY ECCONOMIC TIMES. ON SALE OF INSURANCE POLICIES AGENT`S COMMISSION UP TO 25% COMMISSION ON PREMIUM PLUS 40% BONUS ON PREMIUM. CAN EARN AT LEAST RS 15000/- MONTH WITH GRATUITY ,MEDICAL BENEFIT,PERSONAL LOAN, CAR, BIKE , HOME LOAN PAYABLE TO LICI AGENT. AND MANY MORE BENEFITS AVAILABLE. LICENCE ISSUED BY INSURANCE REGULARITY DEVELOPMENT AUTHORITY(IRDA) HOUSE WIFE, STUDENT,VRS, CA, SPOUSE OF GOVT EMPLOYEE CAN JOIN AS PART OR FULL TIME.

how to find the best company for auto loans???

how to find the best company for auto loans???

to find best company for autoloans there are certain criterias to be considered:-

• the most important and valuable think to check is interest rates of different company
• to check interest rates of different loan company you can search online company wise or common search
• as soon as you collect all the datas of interest rates of different loan companies you should make acomparison chart
• as you know already by yourself that company having the least interest rate will be chosen by you
• the next thing is to check out their demands of requirment and document process you have to go through
• now either call the company agent you liked or go there by yourself for details on their requirements .
• remember it make take more than a week to collect all the datas and verification by the loan company
• generally , company having least interest rates require much verification procedures
• last but not the least is to check out services of the company by your relatives or friends
• this is important because if somehow you missed to fill payto the company in the right time ( may be because of your financial problem)the company must have patience to wait for it and should not penalise you with certain amount.

Technorati Profile

Documents Required for Auto Insurance Claim in india

Documents Required for Auto Insurance Claim in india

For Accident Claims

1.Claim form duly signed
2.RC copy of the vehicle
3.Driving license copy
4.FIR on a case-to-case basis
5.Original estimate
6.Original repair invoice, payment receipt from the service center

For Third Party Claims:
1.Claim form duly signed
2.Police FIR copy
3.Driving license copy
4.RC copy of the vehicle
5.RTO transfer papers duly signed, mentioning that the vehicle cannot be located

publisher should not be held responsible for any change of the terms and condition .
it is advised that you must confirm it before any furthur step

car insurance

car insurance

Car insurance is the automobile insurance which is purchased by consumers (mostly) for their personal four-wheeler vehicles to ensure protection against losses caused due to traffic accidents, theft, fire damage, and other factors.

it is mandatory rule in most of the countries of the world

The insurance premium can be mandated either by the government or by the insurance company (in accordance to government regulations). The premium can vary depending on diverse factors which could affect the expected price of future claims, including:
• nature of usage of the car

• nature of the selected coverage


• vehicle features/ characteristics

• nature of the selected coverage

• profile of the driver (like age, gender, driving history, etc.)

Structured settlement

A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including: Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlement. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called “periodic payments”. A structured settlement incorporated into a trial judgment is called a “periodic payment judgment”.

Structured Settlements in the United States

The United States has enacted structured settlement laws and regulations at both the federal and state levels. Federal structured settlement laws include sections of the Federal Internal Revenue Code. State structured settlement laws include structured settlement protection statutes and periodic payment of judgment statutes. Medicaid and Medicare laws and regulations impact structured settlements. To preserve a claimant’s Medicare and Medicaid benefits, structured settlement payments may be incorporated into “Medicare Set Aside Arrangements” the “Special Needs Trusts”.

Definitions
The United States definition of “structured settlement” for Federal income taxation purposes, found in Internal Revenue Code Section 5891(c)(1), is an "arrangement" that meets the following requirements:
A structured settlement must be established by:
A suit or agreement for periodic payment of damages excludable from gross income under Internal Revenue Code Section 104(a)(2); or
An agreement for the periodic payment of compensation under any workers’ compensation law excludable under Internal Revenue Code Section 104(a)(1); and
The periodic payments must be of the character described in subparagraphs (A) and (B) of Internal Revenue Code Section 130(c)(2) and must be payable by a person who:
Is a party to the suit or agreement or to a workers' compensation claim; or
By a person who has assumed the liability for such periodic payments under a Qualified Assignment in accordance with Internal Revenue Code Section 13
Legal Structure
The typical structured settlement arises and is structured as follows: An injured party (the claimant) settles a tort suit with the defendant (or its insurance carrier) pursuant to a settlement agreement that provides that, in exchange for the claimant's securing the dismissal of the lawsuit, the defendant (or, more commonly, its insurer) agrees to make a series of periodic payments over time. The insurer, a property/casualty insurance company, thus finds itself with a long-term payment obligation to the claimant. To fund this obligation, the property/casualty insurer generally takes one of two typical approaches: It either purchases an annuity from a life insurance company (an arrangement called a "buy and hold" case) or it assigns (or, more properly, delegates) its periodic payment obligation to a third party which in turn purchases an annuity (which arrangement is called an "assigned case").
In an unassigned case, the property/casualty insurer retains the periodic payment obligation and funds it by purchasing an annuity from a life insurance company, thereby offsetting its obligation with a matching asset. The payment stream purchased under the annuity matches exactly, in timing and amounts, the periodic payments agreed to in the settlement agreement. The property/casualty company owns the annuity and names the claimant as the payee under the annuity, thereby directing the annuity issuer to send payments directly to the claimant. If any of the periodic payments are life-contingent (i.e., the obligation to make a payment is contingent on someone continuing to be alive), then the claimant (or whoever is determined to be the measuring life) is named as the annuitant or measuring life under the annuity.
In an assigned case, the property/casualty company does not wish to retain the long-term periodic payment obligation on its books. Accordingly, the property/casualty insurer transfers the obligation, through a legal device called a qualified assignment, to a third party. The third party, called an assignment company, will require the property/casualty company to pay it an amount sufficient to enable it to buy an annuity that will fund its newly accepted periodic payment obligation. If the claimant consents to the transfer of the periodic payment obligation (either in the settlement agreement or, failing that, in a special form of qualified assignment known as a qualified assignment and release), the defendant and/or its property/casualty company has no further liability to make the periodic payments. This method of substituting the obliger is desirable for property/casualty companies that do not want to retain the periodic payment obligation on their books. Typically, an assignment company is an affiliate of the life insurance company from which the annuity is purchased.
An assignment is said to be "qualified" if it satisfies the criteria set forth in Internal Revenue Code Section 130 [1]. Qualification of the assignment is important to assignment companies because without it the amount they receive to induce them to accept periodic payment obligations would be considered income for federal income tax purposes. If an assignment qualifies under Section 130, however, the amount received is excluded from the income of the assignment company. This provision of the tax code was enacted to encourage assigned cases; without it, assignment companies would owe federal income taxes but would typically have no source from which to make the payments.

Motorists could save up to a third on their car insurance

Most motorists could save up to one third on their car insurance by shopping around.According to Sainsbury's bank over five million motorists obtain only one quote before buying car cover.This is in spite of the fact that the average motorist could save up to 32 per cent a year on their premiums by shopping around.Joanne Mallon, car insurance manager, Sainsbury's Bank said: "Spending a little time shopping around for your car insurance could save you hundreds of pounds a year in lower premiums. "You don't even have to sacrifice the quality of cover as you can often increase this while reducing your premiums."The reasons given for not shopping around ranged from 18 per cent who couldn't be bothered to 6 per cent who found it too stressful.© DeHavilland Information Services plc

Clamp down on uninsured drivers

The country's major political parties have been urged to clamp down on uninsured drivers.With general election campaigns now underway, the insurance industry is calling for an all-party commitment to the improvement of road safety. According to a report from the Association of British Insurers (ABI), Britain has one of Europe's highest levels of car insurance dodgers. Nick Starling, the ABI's director of general insurance, said: "These proposals must not become the innocent victim of the politics of the general election.""There must be no let up in the cross - party effort to crack down on uninsured driving." It is believed that at any one time around five per cent of UK drivers are uninsured. The introduction of tighter insurance controls should drop premium costs for honest drivers who currently pick up the costs of the uninsured.

Forum for Latest Car & Motor Insurance News

This site provides a facility for interested parties to post news articles and links relating to motor insurance. Hopefully, over time, this will become a valuable information resource for stakeholders, those working within the industry and the general public looking for advice when buying their car, bike or commercial vehicle insurance...

Structured Settlements in the United States

The United States has enacted structured settlement laws and regulations at both the federal and state levels. Federal structured settlement laws include sections of the Federal Internal Revenue Code. State structured settlement laws include structured settlement protection statutes and periodic payment of judgment statutes. Medicaid and Medicare laws and regulations impact structured settlements. To preserve a claimant’s Medicare and Medicaid benefits, structured settlement payments may be incorporated into “Medicare Set Aside Arrangements” the “Special Needs Trusts”.

Definitions
The United States definition of “structured settlement” for Federal income taxation purposes, found in Internal Revenue Code Section 5891(c)(1), is an "arrangement" that meets the following requirements:
A structured settlement must be established by:
A suit or agreement for periodic payment of damages excludable from gross income under Internal Revenue Code Section 104(a)(2); or
An agreement for the periodic payment of compensation under any workers’ compensation law excludable under Internal Revenue Code Section 104(a)(1); and
The periodic payments must be of the character described in subparagraphs (A) and (B) of Internal Revenue Code Section 130(c)(2) and must be payable by a person who:
Is a party to the suit or agreement or to a workers' compensation claim; or
By a person who has assumed the liability for such periodic payments under a Qualified Assignment in accordance with Internal Revenue Code Section 13
Legal Structure
The typical structured settlement arises and is structured as follows: An injured party (the claimant) settles a tort suit with the defendant (or its insurance carrier) pursuant to a settlement agreement that provides that, in exchange for the claimant's securing the dismissal of the lawsuit, the defendant (or, more commonly, its insurer) agrees to make a series of periodic payments over time. The insurer, a property/casualty insurance company, thus finds itself with a long-term payment obligation to the claimant. To fund this obligation, the property/casualty insurer generally takes one of two typical approaches: It either purchases an annuity from a life insurance company (an arrangement called a "buy and hold" case) or it assigns (or, more properly, delegates) its periodic payment obligation to a third party which in turn purchases an annuity (which arrangement is called an "assigned case").
In an unassigned case, the property/casualty insurer retains the periodic payment obligation and funds it by purchasing an annuity from a life insurance company, thereby offsetting its obligation with a matching asset. The payment stream purchased under the annuity matches exactly, in timing and amounts, the periodic payments agreed to in the settlement agreement. The property/casualty company owns the annuity and names the claimant as the payee under the annuity, thereby directing the annuity issuer to send payments directly to the claimant. If any of the periodic payments are life-contingent (i.e., the obligation to make a payment is contingent on someone continuing to be alive), then the claimant (or whoever is determined to be the measuring life) is named as the annuitant or measuring life under the annuity.
In an assigned case, the property/casualty company does not wish to retain the long-term periodic payment obligation on its books. Accordingly, the property/casualty insurer transfers the obligation, through a legal device called a qualified assignment, to a third party. The third party, called an assignment company, will require the property/casualty company to pay it an amount sufficient to enable it to buy an annuity that will fund its newly accepted periodic payment obligation. If the claimant consents to the transfer of the periodic payment obligation (either in the settlement agreement or, failing that, in a special form of qualified assignment known as a qualified assignment and release), the defendant and/or its property/casualty company has no further liability to make the periodic payments. This method of substituting the obliger is desirable for property/casualty companies that do not want to retain the periodic payment obligation on their books. Typically, an assignment company is an affiliate of the life insurance company from which the annuity is purchased.
An assignment is said to be "qualified" if it satisfies the criteria set forth in Internal Revenue Code Section 130 [1]. Qualification of the assignment is important to assignment companies because without it the amount they receive to induce them to accept periodic payment obligations would be considered income for federal income tax purposes. If an assignment qualifies under Section 130, however, the amount received is excluded from the income of the assignment company. This provision of the tax code was enacted to encourage assigned cases; without it, assignment companies would owe federal income taxes but would typically have no source from which to make the payments.