Personal finance expert on September 21st, 2009

Much has been touched on the issue of good debts and bad debts. In terms of personal debts, most personal financial advisers would generally advocate that consumption debts like credit cards and hire purchases are bad debts.

Banks do tend to charge a lot for unsecured personal loans.

Debts incurred for loans like education loans however are considered good debt since there’s a good chance that the expected increase in income in future can cover the interest charged.

Singapore small business loans, if used prudently can also be a good debt for a company. Let’s take a very simple illustration on how a small business can take advantage of a business loan to generate higher growth.

Small companies don’t want to miss opportunities to scale up
Company A imports product X for $1 and sells it off for $2. Business is growing and it receives 10 orders for product X. However, it has only sufficient capital to fulfill 5 orders. Company A would then take a $5 loan from the Bank, which charges 10% interest for every dollar lend. Company A would still pocket a 90 cents profit per product after accounting for the interest charged by the bank.

This is just a simplified example on how companies leverage on financing loans to meet growth and demand, a popular concept also known as using OPM (other people’s money). The bottom line is: As long as the business can generate higher revenue/mark up than the interest charged by the bank, then a business loan would be considered a good debt.

Apart from fuelling revenue, business loans could also be used as a vehicle for tax reduction. The current corporate tax rate in Singapore is at 18% on chargeable income. The market rate for unsecured business loans is around 5%-10%.

If a company uses debt wisely and do not over gear, debt is not costly. Best of all it can be offset against taxable income.

If you are a SME boss and perhaps there are a few shareholders in your company, it may not make sense to get Singapore housing loans in order to obtain capital if the other shareholders are not chipping in.

For pragmatic recommendations about the topic of junk silver coin – read the site. The time has come when proper info is truly within one click, use this possibility.


Personal finance expert on September 21st, 2009

Savage Times in Markets

But the profit over that period , which began when stocks reached their nadir in March, was not enough to offset the losses recorded in the recent six months. Not since 1932 had the market suffered a half-year period as bad as that one.

Sponsors clearly found it hard to decide whether the Great Recession would turn into Great Depression II.

Amazingly, but , the American stock market was one of the least inconstant markets in the world in the last year. It was among the best markets when it was plunging, and among the worst when it was soaring . Over all, it ranked near the bottom among international markets.

Whatever else you might want to say about the virtues of international diversification, in this cycle it has done little to balance the risks of investing in any one market. When the markets broke , they nearly all went down. When the markets rose , they soared together.

If history is a leader , the strong upturn may be an indication that better prices are still ahead. Since World War II, there have been eight times before the current market when the S.& P. 500 managed to soar at least 30 percent over a half-year period — in 1963, 1971, 1975, 1980, 1982-83, 1991, 1997 and 1999. A year later, the index had made further gains in seven of them.

The exclusion was 1980, when the economy went into a double-dip decline and dashed the hopes of investors who had bet on a continued rise in stock prices .

Before that, the record was less impressive. Rising costs in 1929 presaged the Great Depression, and a keen rebound in 1930 proved to be a suckers’ rally. But big gains in 1932-33 and 1935 were followed by additional profits . Costs were little changed a year after large gains in 1938 and 1943.

The accompanying graphic demonstrates the truth of an old proverb : If you lose 50 percent of your money, and then profit 50 percent, you have not come close to going down even.

Italy provides one of the best examples of that. Over the six-month time ending on Wednesday, the FTSE/MIB index of Italian stocks rose 81 percent in euros. With the euro also strong against the dollar during that period , the Italian index more than doubled, rising 109 percent from the perspective of a dollar-based sponsor .

But an sponsor who put money in the Italian stock market exactly one year before, on Sept. 9, 2008, suffered a decrease of 55 percent in euros, or 60 percent in dollars, during the next six months. The Italian market, like the American market, hit break on March 9 of this year.

Read more about current events news and business current event on the current events news site.

Tags: , , , ,

Personal finance expert on September 19th, 2009

The talking heads keep pushing that the economy is improving ,but, I think the millions upon million who are out of a job, are probably going to not agree. The talking heads are focused on profit. So if a company can make enough income while being lean and mean, well great. The problem is we will see profits long before any serious recovery starts. Don’t take this the wrong way, a company needs profits before it can start hiring, but this is going to be a turtle race recovery.

1-year and less certificates of deposit rates have continued to drop. Our high 1-year at 2.50% went down to a 2.00%. The next highest rate, 2.35% APY, held for about a week, but has since dropped. Some of the big boys have continued to adjust rates down. Some long-term rates have inched up a bit. At the beginning of the month we had a 5-year CD at 3.70% APY. It increased to a 3.80% APY, but has fallen back down to 3.70%. Of course, 5-year CDs may not be the best idea right now unless you have a great ladder or the penalty is low for closing the CD early. The other side of the coin, we just don’t know when the rates will be increasing. The Fed is talking like it could be a while.

Residential property continues to be a drag. Many states had issued moratoriums on foreclosures and those are beginning to expire. There are still lots of variable loans that are re-setting. With the way home prices are, there is no way to refinance. Banks have been trying to hold off showing losses, but they can only do that for so long. The June data for many banks looks worse than March’s.

Commercial real estate appears to be the next big problem. Many developers built small business complexes expecting them to be filled with entrepreneurs looking to serve all of the new homeowners. As the complexes remain empty, the commercial property owners can’t afford to continue to take the losses each month. Many are letting them go into foreclosure or selling for steep discounts.

So do I have any good news. The workweek as reported for average hours worked increased a little. Income overall snuck up 0.1%. And my kids’ soccer team, the Big Dogs started in Division B; their highest start, yet. Yes, I am a very proud coach and father. So how about you guys?

Please visit our highest CD rates for some special offers. We offer CDs that are available nationwide in federally insured banks (FDIC) and credit unions (NCUA). We can filter banks based on your investment criteria.

For important tips about the topic of forex managed accounts – please make sure to study the page. The time has come when proper info is really within your reach, use this chance.


Personal finance expert on September 19th, 2009

We can achieve a lot of credit card holders who are intelligent to retain their good even admirable credit ratings by using their card wisely as well as warily and pay the amount of charged purchase immediately. Unhappily, limitless numbers of them are lessening into a bad credit score due to their irresponsible spending habits. Mostly, credit card issuers will prefer people with good and excellent credit score as their customers. What about those who have bad credit? Fortunately, there are still many card issuers that allow people with bad credit to have their opportunity to get a credit card again. The question is how to get a credit card with bad credit?

The most and first thing to do for those who have bad credit score or rating on how to get a credit card with bad credit is by applying for a secured credit card. This special card simply means a card especially intended for people with bad credit score to help them recover and re-establish their bad score by challenging for certain amount of money as their deposit in a bank account. Actually, the credit limit on such situation depends on the amount of the security deposit which usually comes as 10% of the deposited money. This exacting card is able to help you manage your financial so as to you can evenly as well as pay off your debts on time. Make sure that your card issuer also fond of the payment reports as well as reporting your good, punctual payments to the three major credit reporting companies.

Such good data will definitely increase your credibility and if you keep doing such thing, it is only a matter of time when you will regain your good credit score as well as open your prospect to get a conventional credit card again. This will not be easy to do markedly if you have a reckless spending habit. One thing to remember is that your greatest goal id to build, re-build as well as re-establish your bad credit so as to you qualify a straight credit card. Such good and excellent credit score will certainly benefits you not only financially, but also in getting a mortgage or loan. That is why you have to firmly force yourself to stick to your ultimate purpose so as to the question such how to get a credit card with bad credit will never be your question since you are able to keep up a good credit and even an excellent credit score. It will absolutely take your energy, time as well as struggle. But once you have achieved what your have been strive for, you will not easily fall into the same hole due to the hard, difficult process in keeping it to be right.

It is awfully crucial for every credit card holders to carefully and wisely use their cards. Due to the cards’ fantastic functions, benefits, features as well as rewards, lots of people spend it more than what they could afford. The result is they are categorized as people with bad credit due to the lack of payment and many other things. With such bad credit he will absolutely wonder how to get a credit card with bad credit.

Tags: , ,

  • payday loans shops in east london
  • real loans not payday loans
  • how do i deal with payday loans
  • the safest payday loans online
  • how to negotiate paying off payday loans
  • how much does it cost to get a payday loan
  • instant payday loans uk lenders
  • difference between payday loan and installment loan
  • cancel debit card to stop payday loans
  • how to legally get rid of payday loans
  • payday loan statute of limitations utah
  • payday loan with prepaid debit card
  • quick payday loan no broker
  • what happens if i dont pay back my payday loans
  • archway group payday loans
  • ez money payday loans birmingham al
  • hassle free payday loans
  • payday loan bad credit no checking account
  • king payday loans new orleans
  • payday loan help in utah
  • payday loans for pensioners canada
  • news articles about payday loans
  • priority payday loans review
  • failure to repay payday loan
  • payday advance loans austin tx
  • legit payday advance loans
  • same day payday loans online direct lenders
  • 8198449406
  • payday loans north kansas city mo
  • easy online payday loans no fax
  • where can i get payday loans
  • can payday loans be discharged in bankruptcy
  • what happens if i fail to pay my payday loan
  • first stop payday loan
  • payday loan default laws
  • no checking account required for this payday loan
  • 3 months payday loans no credit check
  • fast cash payday loans denver
  • next credit payday loan
  • new hampshire payday loan law
  • cash-2u payday & title loans
  • is there a statute of limitations on payday loans
  • loans to pay back payday loans
  • payday loans uk reviews
  • reviews on best payday loan
  • payday loans with savings account no fax
  • best rated payday loan company
  • payday loans london on
  • 303887595
  • instant payday loans guaranteed approval
  • payday loans for people with ssi benefits
  • payday loans near martinsburg wv
  • i need a real online payday loan
  • can payday loan companies garnish wages
  • how long to pay back payday loans
  • consumer complaints about payday loans
  • does netspend do payday loans
  • direct lenders for payday loans in georgia
  • north carolina payday loan statute
  • can you get a payday loan without a blank check
  • what happens if i cannot repay a payday loan
  • payday loans direct lenders no brokers
  • 24 7 payday loans by phone
  • the loan shop online payday loans
  • payday loan no matching service
  • payday loans new braunfels texas
  • american payday loan kansas city
  • payday loan store for sale california
  • payday loans in new iberia louisiana
  • independent payday loan companies
  • what is the interest rates on payday loans
  • payday loans online direct lenders no credit check
  • payday loans without checking acct
  • payday loans that accept prepaid visa
  • payday loan debt management plan
  • bad credit payday loans guaranteed approval uk
  • i need a long term payday loan
  • payday loans online for georgia residents
  • payday loan places in sacramento
  • payday loan stores in brampton
  • bad credit no checks payday loans
  • are payday loans illegal in va
  • 100 approval payday loans canada
  • payday loan hell forum
  • what happen if you don pay back a payday loan
  • michigan laws for payday loans
  • can you get a payday loan on social assistance
  • payday loan contact employer
  • can i have more than one payday loan in florida
  • payday loans for disabled people
  • ny laws on payday loans
  • united payday loans online
  • payday loan collection leads
  • no credit check payday loans las vegas nv
  • what all do u need to get a payday loan
  • who does the best payday loans
  • how many payday loans can u have at one time
  • taking out more than one payday loan
  • target market for payday loans
  • flexible payment payday loans
  • consumer watchdog calls payday loans a trap
  • can a payday loan sue me
  • top ten reviews payday loans
  • easy fast online payday loans
  • payday loan broadview illinois
  • help to get out of payday loan debt
  • american payday loans parsons ks
  • no credit check payday loans online lenders
  • payday loans that accept netspend
  • united consumer payday loan
  • instant payday loans tv
  • payday loan with no processing fee
  • debit card payday loans in dallas tx
  • payday loans with netspend account
  • payday loan bad check ohio
  • i owe too many payday loans
  • collection laws for payday loans
  • dollar flash #2 payday loan
  • payday loan stores in kitchener
  • payday loans in virginia online
  • global payday loan washington dc
  • paycheck today payday loan
  • statute of limitations payday loans alabama
  • payday loans illegal states
  • when you can't pay your payday loan
  • payday loans without a checking account or savings account
  • which states have banned payday loans
  • payday loan application by phone
  • payday loans san jose ca
  • online payday loans in wichita ks
  • texas car title and payday loans arlington
  • no credit check guaranteed payday loans
  • payday loans no employer
  • how many payday loans can i have in florida
  • low income payday loans
  • military payday loans san diego
  • payday loans in houston with no checking account
  • why do payday loans need references
  • money mart payday loan lawsuit
  • payday loans bad credit ccjs
  • payday loans las vegas no checking account required
  • how much interest is charged on payday loans
  • are internet payday loans legal in illinois
  • illinois law on payday loans
  • payday loans over the internet
  • ohio payday loan regulations
  • what if i dont pay payday loan
  • safe payday loans
  • texas law on payday loans
  • what are the fees on a payday loan
  • installment payday loans for bad credit
  • money mutual payday loans
  • we are the lender payday loans
  • money mart requirements payday loan
  • ez payday loan texas
  • ace payday loan reviews