Even though the plastic money has lot of advantages, credit cards are one of the dreaded financial instruments as far as consumers are concerned, due to the sheer amount of money he/she has to pay in terms of interest for revolving credit and other charges. So, no doubt, this shall be the first of the [...]
A large number of people own savings accounts in several banks. Some are inherited from their previous jobs while some are opened to avoid tax deduction at source on fixed deposits. As the minimum average quarterly balance required to maintain these savings accounts increases in private sector banks, owing multiple savings accounts become a costly [...]
I found this interesting snippet circulated through email by ICICIDirect, which describes in simple anecdotes how Short Term Capital Gain/Loss works in India. I am posting it straight away, without any modifications.
1. Mr. Sharma purchased some securities on May 7, 2008 at a total cost of Rs. 100,000. On July 3, 2008, he sold these [...]
Most consumers face a major problem in paying off debts. Whether it is a serious debt problem or simply making minimum payments for a small debt, every consumer desires freedom from the clutches of debt. Once consumers find themselves unable to pay an exorbitantly large debt, they may consider filing for bankruptcy.
Bankruptcy declaration is a [...]
Press Release) April 8, 2004 –
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For [...]
HSBC has raised the interest rate on their Online Savings account to 4%. This beats the 3.55% I am currently getting at Virtualbank. I think I’ll wait a few days and see if Virtualbank bumps their rate too before I move our 0% balance transfer funds over. It does represent at extra $6 a month [...]
Went to check my HSBC balance today and noticed they’ve bumped their interest rate to 4.25%. That’s the best I’ve seen anywhere and certainly kicks the crap out of Virtualbanks 3.55% rate. I imagine some of the other banks will follow suit shortly but so far I’ve been very happy with HSBC and plan to [...]
Mittal (symbol MT), one of the stocks I hold in for my Investment Experiment just launched a surprise bid to buy the Arcelor, another huge steel company.
I have to admit this one took me completely by surprise. MT has been climbing recently well exceeding my $30 strike. This underscores the main risk of selling covered [...]
Saw this in the NY Times… prosper.com is a relatively new site which matches lenders and borrowers in an online format.
I don’t currently carry any debt outside of our mortgage so I won’t be likely to use it for borrowing myself but I do plan on spreading some of my risk portfolio into these loans. [...]
This is the first post of a series I’ll be doing on government and other public sources of solid financial information. I’ve added a category called Financial Information Resources which will contain all of the posts in the series. I’ll be characterizing and rating the sites based on the type of information they have as [...]