Smartcards

Smartcards

Smartcards

The next kind of plastic the banks want you to keep in your wallet is a smart card. They come in different varieties and most are not yet ready for a mass distribution, but, at this writing, pilot projects are forging ahead. Promoters of smart cards make the assumption that you don’t like to carry cash. You do not like fishing for bills and coins to buy a newspaper or a soda. You would to rather put down plastic instead.

This kind of card has money on it, embedded in a computer chip. A $50 card, for example, will give you $50 in spending power. If you buy a 5o cent newspaper, the seller will put your card in a special terminal and drain off 50 cents. Identification or signature is not required.

You now have a card with $19.25 left on it. After spending $1 on a soda, the value of your card goes down to $18.25. If you forget how much you have, you can check it with a little portable card reader. Some readers might also list the last five things you have bought.

If every merchant, street vendor, cab driver, and bus accepted smart cards, you would not have to have cash on your pocket. To some, that would be a huge convenience; to others, it is a shrug. If some merchants took smart cards and others did not, however, you would have to carry both.

What is in it for the bank? Eventually (although not at first), the bank will charge you for the card. There might be a fee when you accessed the ATM to load it up. The merchant would also pay a fee in return for getting what is presumably a more secure transaction.

What is in it for you? Convenience, maybe. Putting down a card is a tad quicker than pulling out cash. You always have the equivalent of exact change. You would not have to count you change (but you would have to use the card reader to be sure the merchant’s terminal deducted the right amount). You might also use the card to make small purchases over the Internet.

For a while, the smart cards probably would not have any more than $100 on them and the limit might be lower than that. So they are strictly for walking around money. You would still need your credit card, debit card, or checkbook for more serious shopping.

If the card malfunctions say, it registers $14 when you are sure you were carrying $36 the bank can check the balance on the computer chip.

Credit Card

Unauthorized Use: Here is what you have to pay if your credit card is stolen and charges are run up: Nothing if you reported the loss to the bank before a fraudulent charge occurred. Up to $50 for charges run up before the theft was reported to the card issuer and banks often waive even that small fee. Nothing if you still have your card, but your number was used fraudulently, for example, in a mail order transaction or a transaction over the internet. This covers both business and consumer transactions.

Billing Errors; you are fully protected against consumer billing errors. If you have already paid an erroneous bill, you will get money back.

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What Are You Saving Money For?

What Are You Saving Money For?

What Are You Saving Money For?

A savings account is not something to hang on the wall and stare at, like a Rembrandt. You are not hoarding. You are preparing to use your money in a different way.

Refer, please, to your Spending Plan. It says that your current goal is to pay down debt. Or 3 month’s living expenses in the bank. Or $2,000 more in a college account this year. Or $5,000 for long-term investments. Or $1,000 to play the slots in Vegas, where you will really make some money. Tithing, or semi tithing, is how you are going to raise your stake.

Here is how to accomplish it:

First, write down how much you are going to save (5 or 10 percent of each paycheck).

Second, write down how long it will take to reach your goal. At $250 a month, you will have your college account in 8 months. (Tip: It is easier to save $59 a week than $250 a month. The smaller sum sounds more doable, even though it comes to the same in the end.)

Third, note each future $250 (or $59) payment on your calendar and check off every one you make. That may sound hokey, but it is a strong motivational tool. Every time you turn to a new week or new week or new month, there is a written reminder to keep up your resolve. Saving money is easier if you see it climb toward a specific end. It is like polishing the car. You feel that you have accomplished something.

Fourth, when you have reached your goal give yourself a little present. Then start the process all over again.

Should you build up a bank account instead of paying off debt?

No, no and again, no. Repeat after me: paying off debt is a form of saving. In fact, debt repayment is one of the most lucrative ways to save. It is nuts to keep money in the bank at 4 percent interest while carrying credit card debt at 18 percent. You are losing 14 percent a year on that deal (the 18 percent cost of the debt minus the 4 percent earned on the bank account). Take most of your money out of the bank and reduce the debt. If you need quick cash, you can borrow against your card again, and in the meantime, you are saving yourself a mountain of interest.

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If You Can’t Pay Your Bills

If You Can’t Pay Your Bills

If You Can’t Pay Your Bills

Don’t hide. Don’t cry. Don’t shove unopened bills into a drawer. Don’t have your cousin tell the bank that you have gone to Sicily for the summer. That would not help. Someone will find you probably a bill collector and you will be in more trouble than you were before you got your commercial truck title loan.

What is your biggest problem when you can’t pay your bills? Money, you say. I say it is fear. You are sure that everyone will point and sneer. Your son will be kicked out of Boy Scouts. The police will hang you up by your thumbs. But nothing like that is going to happen. You are not Jack the Ripper. You do not beat up babies or set fire to cats. All you did wrong was to buy more things than you can pay for right away. That is an error will be forgiven.

If you can’t pay your bills, write a letter to your creditors and tell them so. For a really big bill, like a mortgage, make an appointment to see someone in the credit department. Don’t slump in like a bankrupt. Approach the interview like a business person with a problem to solve.

To do this you need: a spending plan showing how much money you need to live on; a repayment plan showing how much you can spread among your creditors every month; a specific offer for each creditor, as in, “I will pay you $50 a month and clear up this bill in 10 months.” If your situation is dire, offer your unsecured creditors a settlement say, 50 cents on the dollar.

Each creditor will want more. But if you hold firm and keep making the payments you have decided on they will eventually accept the deal. If someone threatens to sue, do not ruin your rehabilitation plan by trying to accommodate him. Keep on talking, keep making your payments, even go to court. No judge will order you to pay more than you can afford, and your creditors know it. Your strengths are three: the lender would rather stretch out payments than repossess, it is cheaper to talk than to hire a debt collector, and the interest you pay is compensation for the delay.

If you can’t handle these negotiations yourself, or if you are such a spendaholic that you find yourself hurtling toward bankruptcy, nonprofit credit counselors can help with your Atlanta car title loan.

What are mutual funds?

What are mutual funds?

What are mutual funds?

Mutual funds are investment companies that accept funds from many investors who have similar investment objective and use the pooled funds to purchase a diversified portfolio of securities one of which would not be accessible at title pawn Atlanta. For example, bond funds restrict investment to bonds, equity funds invest in stock, and balanced funds invest in both stocks and bonds. In exchange for the investment, the investor is created with a number of shares in the mutual fund. The price of mutual fund shares fluctuates with the performance of the securities owned by the fund. The owner of the mutual fund shares may sell his for her shares of the mutual fund at any time.

Administration of mutual funds

Management companies (such as Dreyfus, Fidelity, and T. Rowe Price) administer mutual funds. These companies have investment advisers who analyze investments and make recommendations, and fund managers who decide when to buy and sell securities. Each mutual fund is designed and managed to meet the investment objective of a specified group of investors. Common investment objectives of mutual funds included current income, capital appreciation, income and appreciation, conversation of principal, and tax avoidance. The Fidelity Magellan Fund, administrated by Fidelity Investments.

Composition of mutual funds

Although sometimes viewed as monoliths, mutual funds are made up to many individual security investments. Portfolio composition refers to the individual securities in the portfolio. Under “Composition,” we learn that as of January 1997, Fidelity Magellan had 5.7 percent of assets in cash, 93.5 percent in stocks, and 0.8 percent in bonds. The stocks in the portfolio, cyclical industrial companies had the highest weighting (23.2 percent), followed by services (16.3 percent) and energy (16.1 percent). Under “Portfolio Analysis,” we learn that Fidelity Magellan held 529 different stocks and 26 fixed-income (bonds, for example) securities. The largest individual security position we are in US Treasury notes (2.90 percent), Caterpillar (2.01 percent), and CSX (1.53 percent). The fund manager, Robert E. Stansky, is free to buy and sell securities at any time. If the fund manager invests in securities that perform well, the portfolio will also perform well. The securities selected do not perform well; the overall performance of the portfolio will also be unfavorable.

Mutual fund share prices: The NAV

One of the most quoted values with regard to mutual funds is the net asset value. The net asset value (NAV) of a mutual fund is the per unit price of the fund – the price at which shares are purchased and redeemed by semi-truck title loans.

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Types of Mutual Funds

Types of Mutual Fund

Types of Mutual Fund

Motorcycle title pawn is one of the many different types of mutual funds or financial instruments that are available. The wide range of funds permits investors to match their investment objectives with the stated objectives of the fund. Next we briefly describe each of the major types of mutual funds. Then we discuss some guidelines for choosing the fund that’s right for you.

Growth Funds

A goal of many investors is growth in the value of their investment. Growth funds are mutual funds that emphasize capital appreciation rather than current income. Growth funds can be divided into two categories: long-term growth funds and aggressive growth funds. Long-term growth funds invest in large, mature companies that are expected to perform well without undue risk to the purchaser. Examples of long-term growth funds include Long leaf Partners, Fidelity Blue Chip Growth, and Harbor Capital Appreciation. Aggressive growth funds seek higher rewards but also accept more risk. Aggressive growth funds invest in new companies that have just “gone public,” small companies that have yet to establish a record of performance, and other, more speculative investments. The AIM Aggressive Growth Fund, Janus Mercury Fund, and Franklin Small Cap Growth Fund are examples of aggressive growth funds.

Income Funds

Income funds are mutual funds that emphasize current income rather than capital appreciation. Some investors, especially retirees who have a fixed-income and face a low marginal tax rate, prefer current income to capital appreciation. Current income from such funds can be used to supplement other sources of retirement income. Some income funds invest in government and corporate bonds. Other income funds invest in stocks with high dividend yields. Income mixed (or balanced) funds invest in government and corporate bonds as well as stocks issues, generating income from both interest payments and dividends. Some mutual funds that emphasize current income include Smith Barney Equity Income, USA Income, and Oppenheimer Equity Income.

Growth and Income Funds

Some investors desire a mix of current income with capital appreciation potential. Growth and income funds combine these objectives by purchasing common stock in companies that have a proven record of dividend payments and also have growth potential. Investors receive a steady stream of dividend income and at the same time are provided long-term capital gains incomes. Examples of funds that combine these objectives include Kent Growth and Income, Mutual Beacon, and Principal Preservation S&P 100 Plus.

Balanced Funds

Another common offering is a balanced fund. Balanced funds are mutual funds that have several objectives. These funds attempt to maintain principal, generate income, and provide long-term growth so as to avoid a motorcycle title pawn.

Invest in Mutual Funds

Mutual Fund Investors

Mutual Fund  Structure

How a car Atlanta pawn can invest in mutual funds?

How Mutual Fund Investors Earn Money?

Mutual fund investors can earn money from their investment in three ways:

-A fund may receive income in the form of dividends and interest on the securities it owns. A fund will pay it shareholders nearly all the income it has earned in the form of dividends.

-The value of the securities a fund owns may increase. When a fund sells a security that has increased in value, the fund realizes a capital gain. At the end of the year, most funds distribute these capital gains (less any capital losses) to investors.

-If a fund does not sell the securities that have increased in value, the price of its shares (it’s NAV) increases. A higher NAV reflects the higher value of each investor’s shares. And investor who sells shares that have increased in value makes a profit (also a capital gain).

Usually mutual funds give investors a choice: The fund will pay you dividends and capital gains and cash, or you can them reinvested in the fund and purchase more shares.

Advantages of investing in mutual funds

Mutual funds provide a number of advantages to investors:

-A major advantage is instant diversification since the assets are invested in many different securities. The risk to purchaser is reduced through this portfolio diversification.

-Initial investments requirements of many mutual funds are low, with some funds accepting less than $1,000. Many funds will also accept small additional investments.

-The ability to make additional purchases of mutual fund shares by reinvesting income (dividends) and capital gains distributions is another advantage. Not only is reinvestment convenient, but mutual fund investor also reducing their risk through dollars-cost averaging. Recall that dollar-cost averaging is a strategy through which smaller investments are made periodically at many different prices. The result is a lower average cost per share than if a single large purchase was made at the “wrong time.”

-Purchase and sale of mutual fund shares is relatively simple and often can be done by mail or through a phone call.

-Individuals with investment expertise manage mutual fund assets.

-Most mutual fund companies offer a “family of funds.” A family of funds is a group of mutual funds with different objectives and asset composition under the management of the same investment company. If your objectives change or if you are not satisfied with the performance of one fund, you can easily switch to another fund like for example a car Atlanta pawn.

Home Loan Ideas

Title loan in Atlanta are not Quick Home loan Idea for Home Loans, Equity Loans, Reverse Loans, Cash-Out Loans as well as Refinance Loans

If you’re taking into consideration a mortgage, you might be wondering what choices are readily available. Today, there are lots of alternatives besides the standard techniques of getting a home mortgage.Whether you’re obtaining a home mortgage for a new house, a re-finance funding, an equity lending, a HELOC, or a reverse funding, you must recognize just what each financing entails.

Buying a New Home

When buying a new home, you’ll need to be approved for a new mortgage through a lending institution, or ask the seller to fund the house for you. Before using at a lending institution, study your choices. Identify just how much “house” you can afford. Usage on-line home mortgage repayment calculators to figure just what the repayments would certainly be for various home mortgage quantities. Then, you’ll know what rate range you can shop within, and also whether or not you could afford the settlements. Keep in mind, your income/debt ratio should suit within the loan provider’s standards to get a typical loan.

Healthy and “Not-so-healthy” Credit Scores      

If you have an excellent credit report, then your income/debt proportion in addition to the investment resources you have readily available will be the major consider determining home loan availability. Nevertheless, if there are defects in your credit rating history as a result of non-payment or foreclosure, you will certainly be restricted in the type of home loan you can obtain. But don’t lose heart. Lots of home-buyer whose credit is “not-so-great” do get non-prime loans. Non-prime funding can be a little bit higher-priced compared to prime financing or have higher passion, however you might still manage to acquire your dream home!

Innovative Financing

Don’t settle for traditional loans if you do not have to. There are several imaginative methods to finance a brand-new mortgage. If you do not have the needed investment funding or a down payment, some lending institutions will certainly finance the deposit for you as well as the closing prices. Otherwise, the vendor might be about to fund part of the loan to cover these costs. This can function even if the seller does not have added “cash to provide”!

Clarify to the vendor that it could be helpful to him due to earnings tax obligations. He may considerably rather assert earnings of $100,000 compared to $120,000! Expanding repayments for $20,000 of the loan amount over a period of 5 or 10 years could make a massive distinction on his tax obligations due for that year. Consult with an accounting professional to figure out if this can work in your scenario.

Unusual Sorts of House Loans

If you’re stressed over budgeting with a new home loan payment each month, attempt a Flex Pay loan where numerous regular monthly payment choices are available to you monthly. These choices consist of passion just repayments, full-amortized payments, and minimum repayments. There are also bi-weekly home mortgages for paying more towards your costs each year through a bi-weekly repayment routine.

Tough Money financing are also offered when there is a large amount of equity accumulated in a house. The loan approval is based a lot more on the residence or residential property’s worth than the customer’s credit past history or job/salary past.

Refinance Loans.

If you plan to refinance your house, there are many alternatives. A refinance means you are re-evaluating the terms, repayments as well as interest of your financing. You may refinance to simply acquire the interest rate or payment lowered. Or, you may wish to keep a little cash out for yourself too. This is called “Cash-out” refinancing. Cash-out financing are made when you would like to re-finance your home for greater than is owed on it. For instance, you owe $60,000, but intend to refinance for $80,000. You’ll pocket the extra $20,000 to utilize for home repair services, remodeling or whatever else!

Reverse financing are readily available for those over 62 years old who own their home free and clear or have much equity constructed into it. They can receive a month-to-month settlement, a lump sum or a credit line. This does not have to be repaid up until the borrower moves or dies. Then, the estate can be marketed to pay the note.

Another choice for leveraging your home equity is to produce a HELOC (home equity credit line) that is protected by the equity at home. HELOCs can be made use of to pay debts, make acquisitions, or anything else. Know, nevertheless, that the rates of interest could change regular monthly.

Now that you are armed with several alternatives for getting a home loan or re-financing your mortgage, consult an online lender to learn just what strategy will certainly work best for you. Use the offered tools as well as calculators to do some budgeting on your own too. You’ll be moving in that brand-new dream home in no time at all if you avoid a title loan in Atlanta.

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