How to begin beneficial futures trading...

In the area of equity trading, many people have raised a lot of money on the futures markets. Only in this arena where people who have limited capitals can actually make substantial profits even in a short period of time. Don’t forget, like any other type of trading, your risk a lot, beginning futures trading, [...]

You can be free with debt relief, just do it!...

Many people do not realize they could actually be the cause of all their debt problems. While they are in debt they do not take the time to ask this question. Why am I in debt? How do I put myself in debt? To be in debt could be positive or negative, whatever the cause [...]

Forex trading: what to start...

Forex is difficult but interesting. If following the rules as a professional trader then Forex trading is a profitable and enjoyable investment. This is a strange type of trading, because it is both difficult and easy. It is difficult because of the effective involvement of various factors, such as a good trader must consider each [...]

What you need to know about equity and mutual fund investment...

For investors whose appetite for risk is relatively low, mutual funds are the best place to invest in. Mutual funds are preferred by many of us on direct investment in equity stocks. Lack of knowledge and expertise in selecting profitable actions is one of the main reasons for this. If you are careful and follow [...]

How to consider risks and rewards of futures trading...

Futures trading is lucrative for speculators who correctly predict the price movement of commodities. It is wasteful when the volatility of futures prices turn against a position of leverage. Commodity futures contracts are highly leveraged financial tools. Traders can take advantage of big profits with a comparatively small investment called margin. Compared to real estate [...]

On the DBS/POSB ATM card fraud case in Singapore

January 16th, 2012 Paul Smith

So I’ve been writing in to a Minister once again. Probably not the first or last person to bring up these simple facts to Tharman Shanmugaratnam, Minister for Finance of Singapore, but I thought I would contribute my two cents (ha, ha). Here it goes :

… Delivered-To: … Subject: Improving security for ATM/NETS cards From: Low Ee Mien [...] To: tharman_s@mof.gov.sg

Dear Minister for Finance,

I am writing in my personal capacity regarding the recent DBS/POSB ATM fraud case. As we have seen, the two-factor authentication mechanism of ATM/NETS cards has been defeated. The perpetrators have managed to successfully obtain both factors of authentication : something you have (ATM card details via the card skimming device), and something you know (ATM PIN via a strategically-located pinhole camera).

It has been proven time and again that the magnetic stripe data such as those being used in the ATM and NETS cards in Singapore is quite easily copied.

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Tags: Singapore

Consider Last Year’s Models (14/365)

January 12th, 2012 Kevin Martinez

A few weeks ago, I found myself at a local department store looking at microwave ovens.

While I was browsing the ovens on sale there, I couldn’t help but notice a few things.

For starters, there were quite a few display models of microwave ovens right there at eye level. They had various features – wattage, size, and so forth – and had various prices on them, as you might expect.

What was particularly worth noticing is that down by my feet, there were a few additional models. They were kind of jammed in there, without nearly the space devoted to them as the models on top. They also had fairly low prices on them.

Ordinarily, I might have ignored these models, writing them off as being generics or poor models simply because of how they were displayed. Instead, I took a closer look at them.

It turns out that they were more or less identical to the models that were on sale above. The same brands. The same features. Much

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Markets make small gains on light news day

January 9th, 2012 Paul Smith

On a day with few economic data releases to swing sentiment, North American markets managed to make slight gains in trading as investors waited for Alcoa to kick off fourth-quarter earnings season in the U.S.

Canada’s benchmark stock index spent much of the day in negative territory before staging a late-afternoon rally and ending with a small gain. The S&P/TSX composite index rose 8.08 points, or 0.07%, to 12,196.72. Four of the 10 sub-indexes advanced, led by health care. Valeant Pharmaceuticals, which on Friday forecast earnings higher than analysts’ estimates, drove the gains in that sector, rising 2.7% to $50.14 after at least four analysts raised their price targets on the shares. TD Securities raised its target to $70 from $60.

The price of oil slipped 25 US cents to US$101.31 a barrel in trading in New York, while gold fell US$8.70 to US$1,608.10 an ounce.

“Things are mixed south of the border, and Europe, even if they add money to the system, they’re still trying to be austere at the same time, which means you either get slowing or potentially negative growth, which doesn’t bode well for the commodity sector,” Arthur Salzer, chief executive officer of Northland Wealth Management in Toronto, told Bloomberg.

The S&P/TSX climbed 2% last week, its third straight weekly advance, as raw-materials and energy stocks rose after economic data indicated global manufacturing is strengthening. The two ind

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Tags: Day

The responsible way of using of balance transfer credit cards

January 6th, 2012 admin

When you want to manage your debt out of control on your credit card, it is best to go for balance transfer credit card offers. The best cards of this type provide a rate of 0% for 6 to 24 months as an introductory offer. There are many benefits when you open a balance transfer credit card account.

credit cards balance transfers

The first advantage is 0% annual percentage rate as an introductory incentive. This means that you have very low rates at the beginning, which will help you save lots of money in the form of interest. You would find your annual interest costs are significantly lower when your interest rate will drop from 15% to 0%. Read all post…

Tags: credit cards balance transfers

Young males make the most out of savings

January 6th, 2012 Kevin Martinez

Males aged between 25 and 34 are the nation’s top savers, new research has found.

Young men are saving well above the national average, putting a tidy £104 away each month compared to the rest of the nation who manage an average of £88 per month.

Recent research from NS&I revealed that young people are more efficient at saving compared to older generations. Motivated by life goals such as owning a house or car, young people are putting away more in savings than ever before.

Those aged 16-24 are saving a massive 7.8% of their monthly income, compared to the 6.7% saved by 45-54 year olds.

John Prout, NS&I Savings Spokesperson advised savers on how to effectively put money away.

“Setting specific targets is a good way to stay motivated, and even if it’s only a small amount being set aside each month the savings soon mount up,” he said.

NS&I found that 47% of those aged 25-34 are saving for a deposit and that saving for emergencies and the future takes higher priority than saving for a holiday.  Less than a fifth of those aged 45-54 are saving for potential emergencies.

Despite this, further research from first direct found that 28% of households have less than £250 in accessible savings. Shockin

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Tags: Males, Males Make

Who runs the Debt Arrangement Scheme (DAS)?

January 4th, 2012 admin

The Debt Arrangement Scheme (DAS) is actually run by the Scottish Government. It’s a statutory scheme that can help people who are struggling with their unsecured debt – as long as they’re residents of Scotland and unable to keep up with the payments they originally agreed to make.

The idea is that a DPP under DAS will ‘help debtors to pay multiple debts by giving them more time to pay without hassle or threat of court action from their creditors’, according to the Accountant in Bankruptcy (AiB – Scotland’s Insolvency Service).

If someone’s eligible for DAS, they can ask a Money Adviser to draw up a Debt Payment Programme (DPP) for them, which shows their unsecured lenders what they can afford to pay towards their debts per month without using money they need for their essential bills, from food costs to their utility bills and monthly mortgage / rent payments.

Lenders don’t have to accept that proposal, but if they do, the DPP can start. Read all post…

Tags: DAS, Debt Arrangement Scheme
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