Archive for December, 2006

Dividends And How To Profit By Them

Sunday, December 31st, 2006

An interesting thing I found out was that apart from being share trader I have also become a “Dividend Stripper.” I shall explain this further as to what I do occasionally.

A dividend stripper is a trader who buys shares to qualify for the oncoming dividend and then sells shortly afterwards.

You buy before the “Ex Dividend” then you can sell the next day. Making sure of course you have the dates right in the first place.

But to qualify for the “Franking Credits” you need to own them for 45 plus 2 days.
1 day for buying, 1 day for selling plus 45 days = 47 days. Anything less and you miss out on those franking credits.

An interesting thing to note is that a stock’s share price invariably falls usually by the amount of the dividend paid after the ex dividend date expires.

Another trick is to buy the stock 2-3 weeks earlier in the hope that the share price goes up prior to ex = dividend.

IPO’S

The market seems to be inundated with IPO’S (Initial public offering) these new companies all seem predominately to be in the mining sector. All eager to get in on the current “minerals boom”

A few opened up higher than the initial entry price. Most seem to be exploration of some sort or other. The flavors of the month are either oil or uranium.

These are of course classified as “Speculative Stocks”
Which can mean that once the cash has dried up and they haven’t found anything, they then have to either raise more cash or shut shop? And your cash has gone with them

The rags to riches stories are many, but the road is littered with the crushed hopes and dreams of the unwary investors.

All are searching for that elusive pot of gold at the end of the rainbow.

So be wary, do your research, and don’t jump in blind. Be an informed investor.

If it looks to be too good to be true then it usually is.

Christopher Strudwick is a keen amateur investor on the Australian Stock Market. Visit his weblog for more free articles and useful information at asxnewbie.com asxnewbie.com

Student Loan Debt Consolidation

Sunday, December 31st, 2006

So, you’ve been to collage, got your degree and thousands of dollars of student debt. You’ve heard about student loan debt consolidation, but is it worth the bother?

In a word, yes. Consolidating your student debt is one of the best things that you can do, provided your bear certain points in mind.

The first major benefit is the opportunity to save money on your loan. If you have several federal student loans, it’s possible to save more than 50% through consolidation. Your student consolidation loan will have a fixed interest rate similar or even lower than the loans that are being consolidated. So in addition to saving money, the fixed interest rate will help you to budget.

And that’s just the start of the benefits. Student consolidation loans are easy to set up, they’ll give you a single monthly loan repayment which is often lower than you were paying, and it gives you the chance to secure the lowest interest rate available at the time. Consolidation may also help you to qualify for repayment deferments.

But there are certain pitfalls that it pays to be aware of.

When you set up your consolidation loan (and therefore fix the interest rate that applies to your debts), make sure that the interest rate that you are offered is lower than the rate that you were paying. This might sound obvious but it’s not unknown for people to end up paying a higher rate of interest on their student debts. Remember, if the interest on your loans is fixed at a lower rate it will take less time and less money to repay your debts.

Student loan debt consolidation can help to reduce your monthly loan repayment in one of two ways. As we’ve already seen, it can fix the interest rate at a lower level. But you also have the option to spread the repayments over a longer period of time (up to 30 years in some cases). Please be aware that although this will reduce your repayments dramatically, it will also mean that you have to pay interest on the money you owe for a longer period. So in the long run you will pay more overall.

So before you consolidate, always compare the total cost of repaying your debts both with and without consolidation. If you need help finding out how much you owe, the interest rates and the loan companies, use the National student loan data system. They have full details on federal loans.

Another major attraction of student consolidation loans is their flexibility. Many different loans, including Federal direct loans and federal stafford loans can be consolidated. They can be taken out before you graduate or during your years of repayment. You also have a choice of repayment plans.

You can pay a level amount each month. When you consolidate, the total debt (money borrowed plus interest at the fixed rate) and the repayment period are used to calculate your monthly payment. So if you pay that amount every month for the length of the loan, your debt will be repaid in full. This flat payment option is the cheapest way to repay your debts.

Alternatively, you can opt for a graduated repayment plan. You start by making small payments which cover just the interest, and the payments slowly increase until you eat into the original debt.

Finally, before you sign on the dotted line, make sure you ask three questions;

1) Is this the best interest rate that’s available?

2) Is there a reduction available for making payments on time or online?

3) Does this loan meet your needs?

by Stuart Laing

Copyright (c) icanhelpyougetoutofdebt.com Get Out Of Debt.

Are you tired of being in debt? Do you resent the large repayments every month? Visit icanhelpyougetoutofdebt.com icanhelpyougetoutofdebt.com for free, impartial icanhelpyougetoutofdebt.com/debt-help.php debt help information.

This article may be freely distributed as long as the copyright, author’s information and active links are included.

Why and How to Avoid Bankruptcy

Sunday, December 31st, 2006

Avoiding bankruptcy no longer seems to be on most debtors’ lists of priorities and the number of recorded bankruptcies is soaring. There were around 70,000 bankruptcies recorded in 2005 and about 45,000 of these were voluntary bankruptcies. This statistic clearly demonstrates the worrying fact that a large proportion of debtors see bankruptcy as a debt solution rather than as something to be avoided.

Bankruptcy trends are changing in a way that is concerning economists. In the late 1990s the UK also experienced increasing bankruptcy rates. However, 60% of these bankruptcies were as a result of companies becoming insolvent. The picture is very different today as most bankruptcies are the result of individual insolvencies. In the fourth quarter of 2005 there were 20,461 bankruptcies which resulted from individual insolvencies. This figure represents an increase of 57% against the same period in 2004.

Although many people do not seem concerned about avoiding bankruptcy they really should do so if at all possible.
Avoiding bankruptcy is important because of the penalties, disadvantages and stigmas that it carries.

Going bankrupt often means losing your home and your business and professional status. It also means that it is impossible to hold public office or form, manage or promote a company in the future.

Bankruptcy should also be avoided because it makes it very difficult to obtain credit and your employment prospects can be prejudiced.

Avoiding bankruptcy is both advisable and possible with an IVA. The government introduced IVAs in 1986 to help people to avoid bankruptcy.

An IVA is a binding agreement between a debtor and their creditors. The debtor agrees to repay their debts over a five year period via affordable monthly repayments. These monthly repayments can be as low as £200.

In return, the creditors freeze interest on the debt, agree not to contact the debtor while the IVA is in place and write off a proportion on the debt. It is not uncommon for as much as 85% of a debt to be written off with an IVA.

After five years the debtor is deemed to be debt free. There are no disadvantages or penalties associated with an IVA. Furthermore, because an IVA is a private agreement between a debtor and their creditors there is no stigma attached. As a result, an IVA is an excellent way of avoiding bankruptcy.

Clear Start offers free IVA advice to help you find a legitimate alternative to bankruptcy: clearstart.org/avoid-bankruptcy.php Avoid bankruptcy

Clear Start offers free IVA advice to help you find a legitimate alternative to bankruptcy: clearstart.org/avoid-bankruptcy.php Alternative to Bankruptcy

Go Online to Find a Good Used Car Loan

Sunday, December 31st, 2006

Online car loan applications aren’t just for new cars. There are plenty of
lending institutions that will also finance the purchase of a used vehicle. For
a person with good credit, the biggest problem will be narrowing down the
options in order to choose the best lender. However, there are options for those
with poor credit as well.

Check with Your Own Bank First
It is a good idea to check with your own bank to see what sort of used car loan
rates they offer, but the next step should be to go online to see if there are
better rates available. The internet is a handy tool when it comes to comparing
the interest rates of different lending institutions because there are plenty of
websites devoted exclusively to tracking rates and comparing loan trends. If you
find that your bank’s rates are comparable to or better than other lenders, your
work is done, and you can go to the bank’s website to fill out a used car loan
application. If, however, it appears your bank offers rates which are much
higher than other lenders, it’s time to start shopping around.

Compare Rates Online

In one sitting a person can go online, find the best rate for a used car loan,
fill out the application, and get approved or declined. Be aware, however, that
not all lenders are created equal, and any loan offers which just don’t seem
right should be avoided. Also, don’t be lured into applying for a car loan by
outlandish promises of rock-bottom interest rates. Usually the very best auto
loan rates are reserved for people with flawless credit who are purchasing new
cars. Used car loan rates can also be low, but they are generally higher than
those of new car purchases.

Getting financing for a used car can be quite simple when using the internet.
Shop around, compare loan terms, and apply only after you receive the best loan
you can get.

To see a list of recommended lenders for
an abcloanguide.com/autoloans.shtml online used car loan, or for
a abcloanguide.com/badcreditcarloans.shtml bad credit used
car loan, visit ABC Loan Guide.

Credit Cards – Understanding Reward Cards

Saturday, December 30th, 2006

Everywhere you look it seems like another credit card company is offering a new reward program for using their credit card. They make it sound so good and such a great deal. But are the rewards really worth using the credit card? Let’s take a look at some of the different rewards that these credit card companies are offering.

You may be thinking that having one of the many different credit cards that are offering various rewards are a lot of fun. The truth is, you need to be careful and you need to be smart. Not all reward cards are worth having. You may think it is fun to use your credit card to gain free nights stay at a nice hotel, or fly free to a great destination, but you may have paid twice the price for these things in the long run if you’re not careful.

Avoid reward credit cards with high interest rates. In many cases a reward type card will carry a higher interest rate than your standard credit card. The higher interest charges can easily offset any possible reward. You’ll need to do some checking to see if it is worth it or not. Of course, if you’re someone who pays off his or her balance every month, this will never be a problem for you.

Likewise, keep an eye out for any reward credit cards that have a high annual fee. This may offset the value of any reward you would receive. By looking at the fine print you could save yourself a lot of money spent on fees and costs.

Cash Back

This is a popular type of reward credit card going around. Many of the top credit card companies offer cash back reward programs on your purchases. Generally the cash back is 1%, which comes out to $10 for every $1,000 spent. Be sure to read all of the fine print on these types of cards to see if there is a maximum limit you can receive.

Points

Another popular reward credit card is one that gives you so many points for every purchase with the card. You can then redeem your points for items such as a store gift certificate, or other items. Does the card have a limit on the number of points you can accumulate? Or do they have a time limit for saving up your points? If so, then this may not be a very good deal in the long run. Take your time and shop around for the best deal.

Airline Rewards

Frequent flyer programs have been around for a number of years. Some are based on points, while others are based on actual flying miles. You will receive one point, or mile, for every dollar you spend using your card. The problem with most of these type rewards is that it takes 25,000 points in order to redeem them. This makes it very difficult for most people to achieve the rewards from these types of credit cards. If you are a big user of your credit card, then this may be a perfect program for you.

Finding a good reward credit card can take a little work on your part. You may just find the perfect one that fits your needs and lifestyle. Or, you may find that the standard credit cards are more suited for needs. Be sure to read the fine print and shop around.

Michael Russell

Your Independent guide to

Online Debt Consolidation Loan – What Should I Be Looking For?

Saturday, December 30th, 2006

If you are looking for a debt consolidation loan you may want to check out the option of an online loan. Getting an online loan can be an easier and more convenient way than the more conventional methods. Land based companies are usually the ones that will offer an online loan to you.

How exactly do you go about finding an online consolidation loan? Basically if you have a computer and access to the Internet you have all you need to find an online loan. You of course will need to have the time to research these companies, but they are there and ripe for the picking. A consolidation loan can help you by making it just one low payment a month instead of several higher ones.

After you find the one you are looking for it gets even easier by making it available for you to apply online for the loan. Make sure you have all of the account numbers and the amounts that you owe to provide in the proper sections of the application. Some other information they will want to know is where you are employed, how long you have been employed and how much you make. These applications are usually very secure and can give you an answer regarding a loan within minutes of applying.

After being approved for an online debt consolidation loan they will pay off your high interest rate debts. Basically this then leaves you indebted to the company that gave you the loan. But usually in this case you are now only responsible for one payment that has a much lower interest than your previous debts. This is the main benefit to any kind of consolidation loan, whether online or not.

When it comes to any questions or concerns about your online debt consolidation loan there are usually ways of contacting the company, either through email or even through a toll free number that can be called. This is an important aspect of finding a good online consolidation loan, making sure they have an easily accessible customer service department and one that is good at what they do.

As you can see getting an online debt consolidation loan is pretty similar to most consolidation loans. The only thing about an online loan is that it is easier and more convenient for you. The paperwork and application process is all done from your home at any time that is good for you. So if you like the sound of this and are in need of debt consolidation, getting an online loan could be the best thing for you.

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5 Tips for a Debt Free You

Saturday, December 30th, 2006

Never in the entire history of mankind has there ever been a time with such great technological development as there has been in the past 150 years, the light bulb, the telephone, motorized transportation, television, computers, cell phones, satellite, internet, CD, DVD, wireless technology, in fact if the earths entire existence were represented as a 24 hour day, the amount of technological growth in the past 150 years would only represent a brief three thousandth of a second in comparison.

Something else that’s increased as equally as rapid as developing technology and has seen as many incarnations itself is the face of debt. Over the past 150 years debt has evolved into something to satisfy the instant gratification needs we’ve adopted in recent times. We have extra disposable cash to impulse buy with, trouble is, it isn’t ours to begin with.

We’ve sunk deeper into debt buying with money we don’t have, we’ve become a nation of borrowers and are struggling to pay what we owe.

Getting out of debt needn’t be worse than tooth pulling, even just making little adjustments with spending can translate into big savings over time.

Here are some instant money saving tips.

Budget

Face your debt demons, find out the full extent of your debt and determine which course of action best suits you. If your debt is manageable, create yourself a budget and stick to it, use extra money to beef up credit card and loan payments, the less interest you pay overall, the better. Why give the banks more money than you have to?

If your having difficulty getting your debts under control on your own, then you might want to consider consolidating all your payments into one, that way it’s easier to keep tab of your finances, this accompanied by a realistic budget will help you get out of debt faster.

Make a debt repayment plan. Taking all of your debts into consideration calculate how long it would take you to become debt free if you paid “x” amount
toward your debts on a weekly basis. Set the date you finish paying off your last debt. Stick to that goal!

Tricks of the Saving Savvy

1. Cook your own meals. You’ll be amazed at how much you can save just buy cooking your own food. There are excellent economical recipes everywhere on the internet, just because you’re cooking on a shoestring doesn’t mean your food has to taste like it.

2. With economic recession a reality and threatened job security ever present it pays to have a little extra set aside for the unforeseeable emergencies. The rule is to always set aside 10-15% of your net income. Set up a debit payment system for the 10-15% to go directly into the “emergency” account fund. You won’t miss the money you never see and you’ll learn to budget with what you have left over.

3. Repair, recycle and revive clothing. Heck fashion always has a habit of recycling itself that you’re bound to catch it again on its comeback. Need to breathe life into your existing wardrobe without breaking the bank?, accessorize by adding a good black dress, white shirt and pair of trousers to your ensemble, these basics are timeless and never go out of style.

4. Take a gander inside the average American’s wallet and lurking amongst the lint and the odd receipt, you might find between 2 to 6 credit cards!, imagine keeping up with the monthly repayment fees and only barely being able to cover the minimum, you opt for this and you’ll remain in debt much longer and make the banks and credit companies even richer. If you have more than one credit card, keep 1 and get rid of the rest. If you need extra help to get that debt under control, consolidate then put as much of your wages toward paying off the loan.

5. Tendency to impulse buy? You won’t be so tempted if you’ve set a debt goal for yourself, just knowing that buying something unnecessarily will effect the achievement of your goal. Remind yourself that by not buying the “to die for” shoes will get you out of debt sooner than if you did, a powerful motivator.

Becoming debt free can be simple and done by implementing small changes on a permanent basis, once you become accustomed to them, they become lifestyle.

Isobel Miller enjoys writing on a number of topical subjects, one of them addressing debt and financial issues and strives to uncover the answers to your most burning questions. debteliminationinfo.blogspot.com www.debteliminationinfo.blogspot.com

Deer Hunting on the Move: Stillhunting for Deer, or, Getting off the Stump

Saturday, December 30th, 2006

Deer hunting on the move, or stillhunting, is commonly misunderstood as to what it is and how to go about it. It is stalking deer, not waiting on a stump or in a blind for the deer to come to you. It can be the most rewarding deer hunting experience you can do. It can also be the most frustrating, since it is a skill which requires you to slow everything everything – your sight, your breath and your walking gait. But the payoffs go beyond the hunt to your better enjoyment of nature itself.

This article will talk about some things I’ve learned while hunting deer in the Vermont woods and oak mast ridges of Wisconsin. These few simple techniques can be used on your next hunt – whether you choose to stillhunt or not, the principles are the same. These techniques will also make your deer hunt a richer experience. It’s all about: you’re outdoors – enjoy the scenery, hunting or not.

Generally, as deer hunters, we think of one thing when we hunt, and that is deer. Not deer in general, but that deer. We are aided in this compulsion by our brains, and our eyes. Let’s talk about eyes first.

Hunt Deer with Soft Focus – See Them as They See You

We see as all predators do – forward, and tightly focussed. Take a look at your average housecat and watch it stalk something. It pursues its object with its eyes narrowed and every muscle relaxed, yet steeled at a moment’s notice to pounce. We share with the cat and all predators having our eyes in the front of our head, designed to focus on a single thing.

However, deer, and all prey species, have eyes designed to detect motion. Deer and all prey species have eyes on the side of their head, and this aids in perceiving motion first, long before the animal can make out whether what they see is a threat, or just some pattern-breaking motion in the woods. When stillhunting for deer, we must adopt to the way they see. We must see motion first, patterns out of sync second, and the deer last. The only way to do this is to relax our focus and broaden our field of vision.

Here’s how to practice. Stand facing a wall, about six to eight feet away from it. Stare hard at a spot on the wall. Raise your arms, index fingers extended, fully out to the side from your head (and slightly behind). Now, keeping your arms straight and your index fingers extended, bring your arms slowly in front of your face. Notice the moment when your fingers come into view – this is your field of vision (FOV).

Now, turn to the wall again. This time, soften your focus so that your eyes, while seeing objects or spots on the wall, do not lock on any one spot. Repeat the index-finger practice. You should see your fingers enter your FOV much earlier than before. It is this type of sight – gained through practice, for it isn’t natural to us anymore – that allows us to see changes in woods patterns, motion – in short, to see deer out in the distance, possibly before they see us.

Now, onto walking.

Walk Toe-Heel, not Heel-Toe

YOu see it all the time – the hunter walking through the woods as if he’s on rice paper.

It doesn’t work. As a hunter, you’re going to make noise. But then, so do deer and other game. So does anything living and breathing in the woods. What you want to avoid is making the rhythmic gait a hunter makes when he’s running, usually after a deer, or doing everything he can to be quiet, when he doesn’t yet see one.

Walking toe-heel is the way to walk, because the palm of your foot can be more flexible in its response to the softwood twigs and deadfall underfoot – like deer, whose hooves make relatively light contact with the forest floor. Walking heel-toe makes for a heavy, stiff step – a human step. Walking heel toe, take a few steps, pause, and, using the soft-focus described above, take in the environment, in a holistic way. Above all else, if you find yourself entering in to a steady, rhythmic gait, break it up. You also want to avoid any obviously sounds coming from anything man-made, such as metal or hard plastic. Bottom line – brushing past an oak stump is o.k. Marching in cadence is not, nor is that canteen banging against your hunting rifle strap buckle.

Know the Wind

Finally, walk into the wind. Yes, this is rule 1. But many hunters, especially those used to staying in a relatively insulated hunting blind, forget this cardinal rule. I’ve stood with my bow drawn on a buck 10 yards away, with the buck clearly trying to figure out what the heck this would-be rambo was up to – only to watch it spring to life once the wind shifts, and thanksgiving was a bit – thinner that year.

Don’t even bother still hunting on blustery days, with no prevailing winds.

The bottom line, when you are hunting deer in this way, is to get used to is slowing yourself down, for hours at a time, and softening your focus to “deer hunt” for motion – not deer.

But act like, see like, deer, become more a part of where you are, and you will reap many rewards – whether you bag a deer or not.

Paul Smith lives in the northwoods of the Upper Peninsula of Michigan. He divides his time between his family, teaching the Japanese martial art of Aikido (

Debt Consolidation Loan For A Home Owner – 3 Things To Consider

Saturday, December 30th, 2006

If you want to consolidate your debt–and you own your own home–you’re in luck! If you’re willing to use your house as collateral, you have a lot of low-cost options for debt consolidation. Here are three loans to consider:

Second mortgage

A second mortgage is, essentially, another mortgage on a home that already carries a mortgage loan. The second mortgage takes a backseat to the first one, so it’s a bit riskier for lenders. Because of this additional risk, second mortgages usually carry shorter terms and higher interest rates. However, you can use the money you borrow from a second mortgage to consolidate your debt into one payment. And even though the interest rate is typically higher than your first mortgage, it’s usually still lower than the average credit card or personal loan rate.

Try using one of ABC Loan Guide’s abcloanguide.com/mortgageloans.shtml
Recommended Second Mortgage Loan Companies.

Home Equity Loan

A home equity loan borrows a lump sum of money from the equity in your house–the value of your home minus the amount you currently owe on it. For example, if your house is valued at $250,000, and you currently owe $200,000 on your mortgage, you have $50,000 in equity that you can borrow. That means you can get a lump sum totaling $50,000, which you can then use to pay off other debts. In general, home equity loan rates tend to be low, and in many cases they are tax deductible.

Home Equity Line-of-Credit

A Home Equity Line Of Credit–also known as HELOC–is a type of revolving loan. Like a Home Equity Loan, you are borrowing from the equity in your home. However, unlike a Home Equity Loan, you don’t get a lump sum of cash. Instead, as a line of credit, you can draw on it any time for any amount (up to your limited maximum). HELOCs, in general, tend to have lower interest rates than Home Equity Loans.

Although borrowing a second mortgage or using the equity in your home can be a simple and low-cost way to consolidate your debt, it’s important to remember that, in all these cases, your home is the collateral for the loan. So before you borrow against your home, be certain you will be able to make your monthly payments.

View our recommended online

Knicks Do Not Make It To The Playoffs But Are Getting Better

Saturday, December 30th, 2006

The New York Knicks were having an embarrassing season before they bounced back to the eighth place in the Eastern Conference. This climb ensure that Isiah Thomas received a contract extension.

However, when the extension happened there were still 19 games to go and those games turned out to be a real nightmare for the Knicks. They went for 4-15.

In the season finale, the Knicks beat Charlotte and thereby avoiding their second consecutive 50 loss season. Though the record was not much better but the atmosphere around Madison Square Garden was.

The Knicks players liked Thomas and were willing to work hard for him. However, in 2005-06, the players and the team had no use for Larry Brown and the feeling was reciprocated. That was one of the worst seasons for the Knicks and they went for 23-59.

With Thomas at the helm, the Knicks showed a lot for passion, though occasionally it would come out in a wrong way like the brawl with Denver in December 2006.

Forward David Lee said that it took the players a month to get used to Thomas’ coaching and his system but once they did, there was no question of players not accepting their roles or Thomas losing faith in the players.

Lee further added that there is good relationship between the coach and player, and also between the front office and player this year.

However, the Knicks players have been battling injuries with Lee playing just five times after the All Star break because of a leg injury and Jamal Crawford playing just 30 seconds in the last 24 games because of a fracture in his right ankle.

Quentin Richardson had a back surgery at the end of the season while Stephon Marbury and Renaldo Balkman had their seasons ended early because of injuries.

Thomas said that the Knicks players are in good shape and he would not pursue trades or top free agents too aggressively. He seems content to keep the Knicks together knowing that there is no fast track to changing a losing team into a title contender.

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