How to Get a Mortgage For many people, getting a mortgage approval is the first step to realizing their dream of owning a home. Unfortunately, record numbers of people have defaulted on their homes in the last five years, so banks aren’t lending money as freely as they did a decade ago. In spite of this fact, however, it is still possible to get a mortgage approval if you follow the steps be...
What does a Reduction of Share Capital mean? Under the Companies Act 2006 (‘the 2006 Act’), procedures exist to allow a company to undertake a reduction of share capital. This is literally a reduction of the share capital account of a company. The share capital account of a company is the total amount paid to the company for its shares (the aggregate amount subscribed). The procedur...
For the first time since the 1930s, people everywhere around the world are experiencing a severe economic contraction, a recession which some belief will go into a depression. Everyone’s quality of life is being affected, and will probably continue to be affected, for some time. The big question is, how to survive a depression: what do you need to do to protect your savings, your retiremen...
So say we do have a depression or a really bad recession. History shows that only through massive government spending – in the 1930′s it was WWII coming along, gov’t spending for the war – can we get out of the trough. It’s pretty clear the Prez is spending like crazy. But keep in mind, that some of the expenditures are also investments. Investments in a big way. Investments we’d be w...
Who wouldn’t love to know exactly what to invest in now? The fact is it’s still a very strange market, and it’s impossible to determine what to invest in based on recent past history. One thing for sure if you don’t want to think only like a long-term investor at this point. The returns may or may not be there. And, the volatility still could come back. Image: MoneyWise...
The average investor is at a distinct disadvantage in today’s markets. Large institutional investors, hedge funds, and other large investment houses all have tools available to them which are not available to the average investor. These tools allow them to see what is going on in worldwide markets as well as a trade out of the spotlight of the public market. An individual investor can make mone...
For a while there, I started to think that we’d never need to see a paper bill again. We can use debit cards to access our banks, credit cards when we don’t have money in the bank, and just throw those pennies you get for change right onto the street. Well, with this credit crisis, I think it’s time to start putting your cash in your pocket and using it for everything instead of plas...
I am really sick and tired of hearing these BS artists on television telling their callers not to sell their mutual funds or stocks because they will “lock in their losses”. The last time I heard this it was from – who else – Carmen Wang Ulrich. This is probably the most stupid scare tactic ever invented to prevent people who don’t want to learn how to invest from taking action. How stu...
When the markets take a nose dive, it makes the financial “advisors” look like they don’t know what they’re doing, because they have been telling people to “stay invested no matter what” – and yet, average investors find themselves treading water, as the increases erode with just a few days massive declines. The problem is that this advice is intended to help everyone except the ind...
Here’s a quick list of five tips to save gas. By using these gas saving tips you can save as much as 20-30%!! With the cost of filling a tank between $50-80, that’s a nice piece of change. 1. NUMBER ONE is DRIVE LESS! This is a no-brainer. Start carpooling to work. Combine trips. Don’t drive around just because you don’t have anything else to do. Get out of the car and onto a bike,...