Sunday, October 30, 2011

How to Survive a Bankruptcy

Filing for bankruptcy can be scary. You may be harassed by creditors, face shutoff notices, or have seizure notices for your house or vehicle. Knowing what to do to survive during this trying time often makes all the difference. Here are five tips to keep in mind.

Reaffirm Debts You Plan to Keep

If you plan to keep on paying your mortgage or vehicle payments, contact your lender immediately. Let them know that you are undergoing a bankruptcy but intend to honor your obligation. Some financial institutions may ask you to sign a letter of reaffirmation, while others will simply tell you to keep making payments. This will avoid any confusion about your home or transportation. Talk to your bankruptcy lawyer if any creditor expresses hesitation about the process.

Inform All of Your Debtors

While some bankruptcy lawyers will do this for you, contacting your debtors in person can help stop threatening calls and letters. Most of the time, your debtors will deal directly with your lawyer. Should they refuse to do so, don't allow yourself to be frightened by threats. Do not accept abusive language or 'scare tactics' used against you.

Draw Up a Budget

Don't let your bankruptcy stop you from forging ahead. Drawing out a budget that works will allow you focus on cultivating good financial habits. This will help you in the future, as you recover from the bankruptcy and rebuild your financial life.

Stop Blaming Yourself

In March 2010, Forbes magazine reported the top five reasons for filing bankruptcy include overwhelming medical bills, job loss, divorce, being the victim of a disaster or crime, and irresponsible use of credit. Only one of these factors can be controlled with any degree of success. All you can do is use credit responsibly in the future and forge ahead. The rest of these factors cannot be predicted, avoided, or controlled with any regularity.

Inform Your Loved Ones

While there's no reason to tell everyone you know, your parents and closest friends do need to be informed. Some creditors use illegal collection practices and may start calling them, so it's best that they hear the news from you personally. You may also need emotional support, so keeping your bankruptcy a secret is not usually in your best interest.

Surviving bankruptcy can be difficult. Keeping these tips in mind will help you with both the practical side of the process and in planning for the future. Best of all, they can help you keep a positive, healthy attitude. By putting them into practice, your bankruptcy can be a streamlined process that will assist you in getting back on track.

Miles Walker looks at car insurance quotes over at CarinsuranceComparison.Org. His latest article reviewed Oklahoma car insurance.

Thursday, October 27, 2011

Try your Luck to Make a Huge Profit

Money is essential and also heard-earned. It is essential to support our livings, fulfilling all the requirements of day to day life and securing a tension-free future. So, you always keep on searching for some alternative ways to make huge profits without investing much time and efforts behind it. You must have heard about Financial Reform. If it works properly, it can bring you sheer fortunes to earn a lump sum amount. Before you proceed for any Financial help, you must be aware of its background, future prospects, and benefits.

Background: Any investment is crucial for you, so it is better to know about the history of the investment before you plan to buy it. Suppose the investment be dinar .Dinar is the currency of Iraq. In the year 1931, it was introduced in the market replacing rupees, the currency of India. At that point of time it was quite valuable in the market. Then suddenly its value dropped a lot. The second change occurred in 2003 with the fall of Saddam Hussein. From that time new dinars were published replacing the old dinars which used to have Saddam Hussein’s picture on it. 

Go for the new : So, if you are planning for buying Iraqi currency then buy new dinars because old dinars have been collapsed from the market.

Security features: Now-a-days duplicate Iraqi dinars are a threat for the investors. It is essential to know the security features available, such as: color changing components, water marks and metal links. There is an ultra violate image imbibed in the currency.

Hire an accredited dinar dealer: Dealers play a crucial role when you are investing money. So, hire a dealer but verify their legality by viewing their registered documents.

Make a beneficial purchase in Your Financial Needs, bon chance!

Sunday, October 16, 2011

The MBA: Remaining Relevant in 2011

It's nothing new that top graduate business schools across the country stretch themselves to keep up with the times, remain relevant, and enhance the quality of a student's two-year stint in school. Over the past two decades, they have responded to financial crises, evolving corporate needs, questions of ethics, and a global economy. They've even responded to the cries of students who want lavish facilities and daily comfort on campus to justify steep tuition costs.

Once there was a time when a student could leave b-school and sidestep courses related to Asia or Europe business, emerging markets, regulation, ethics and technology. Students today can't avoid these topics and typically don't want to.

Insider-trading scandals from the 1980s and 1990s and accounting and financial fraud at Enron and other companies spurred schools to address ethics in business.  The Internet explosion of the 1990s and 2000s encouraged schools to examine technology and online business models. The financial crisis of 2008-09 has encouraged schools to cover topics in regulation, derivatives, financial reform and "asset bubbles." Emerging economies from India to China and Brazil meant schools needed to become international in scope, experience and research.

Business schools today are more accommodating to students with multiple interests or more more specialized interests.  For a long time, top schools have encouraged or permitted students to pursue joint MBA and JD degrees. Others today pursue joint degrees in business and any one of the following: public policy, public administration, international studies, and communications.

Similarly, they have encouraged (and required) students to focus or concentrate on a specific area of interest:  real estate, energy, industrial management, operations, entrepreneurship, non-profit sector or finance.  Students don't just take core courses and a broad array of general business topics in pursuit of a "generalist" MBA degree. They can pursue in more depth what they are interested in or what they think is relevant and important.

If students are interested in the MBA and green technology, the MBA and developing economies, or the MBA and the music industry, b-schools today at least try to find a way to accommodate them.

In its annual assessment of MBA education, the Economist reports  ( that some schools are exploring all kinds of ideas of MBA concentration, not just the familiar sectors of  marketing and finance. Some schools are responding to business trends or corporate needs. Others are responding to students' interests and a sluggish economy. Many are willing to be creative, as long as they can maintain high quality and attract exceptional students.

The Economist suggests how it makes sense for a school like Washington University with respected schools of business and medicine to offer a special program in, say, "medical-sector management," comprising students and faculty from both schools and with specific disciplines in health-care management and related issues.

Long-time Consortium supporter Joe Fox tells the magazine that ideas such as that are welcome, but are not easy to implement.  Fox, the director of Washington-Olin's MBA program and a Consortium board member for many years, agrees a joint medical-business-school program is attractive and relevant. He contends, however, that while such joint efforts make sense on paper or in concept, they are difficult approve and implement, because they involve cooperation from many--faculty, deans and others. (Washington University's Olin is one of the original Consortium schools.)

Students, too, must decide whether the special programs (including joint degrees or special concentrations) will require more time and, as a result, more expenses.  Will the special program or the joint degree mean three or four years in school (instead of two)? Will there be a sufficient return on this investment, especially in current uncertain times, even if the student has the passion, time and energy to pursue a special program?

Most students, of course, will ask (and are asking) whether there will be meaningful opportunities after they have completed a course of study--any course of study, whether it's a traditional MBA, joint degrees or a MBA with a unique concentration. Will there be opportunities to do what they want to do within the realm of their interests and studies?

MBA corporate recruiters typically don't require joint degrees or special concentrations. But candidates who have pursued unique degree programs can stand out from the large pool of students. They show expertise in a specific area, perhaps ingenuity and a way to contribute right away in an entry-level job. The finance MBA graduate with specialty in, say, "medical-sector management" would be attractive to the health-care finance unit of an investment bank or consulting firm, if not to those who manage hospitals and medical centers.

Business schools keep adapting, as if that's the way it will always be. And the way it should be.

Tracy Williams

Thursday, October 13, 2011

Is Technical Analysis Important?

To be frank, when I just started investing in the stock market, I thought fundamental analysis rules and that technical analysis is for short term traders. I was very wrong indeed!

Now if you asked me whether I prefer fundamental analysis or technical analysis? I'll say both! Under different market condition I'll apply them differently. For example, during the stock crash in August till now, I'm looking at the charts every day, I also focus on the macro economic news, but less on the corporate earnings because the published corporate earnings are historical figures that may still 'look nice' but its meaningless if you're at the market top (if that's your assumption).

However, during normal bull run from March 2009 to beginning of 2011, I focus more on coporate earnings than the charts because as long as the bull trend was intact, I do not bother so much about the daily fluctuations. While focusing on the corporate earnings, I pay special attention to EPS growth on a quarter to quarter basis. Most blue chip stocks have strong growth during this period, and so are their share prices.

As mentioned in my book, I Love Stocks, my favourite indicator is 20 day and 50 day moving averages to see the overall view of various markets in the world. Another technical indicator that I often use is the MACD, it is clear and absolutely suitable for our Bursa blue chip stocks.

Technical analysis is based on 2 important assumptions: (1) history repeats itself (2) the stock market is the sum of all behaviours of the market crowd. If history repeats itself, this suggest that by looking at charts, we may be able to forcast the future price movement!

Although there are over 200 technical indicators, but it's not necessarily to know them all. As the saying goes: when using the indicators, you should apply "KISS" rule, meaning Keep It Simple, Stupid or Keep It Short and Simple, which ever it is, having too many indicators will cloud your mind.

Having said that, that doesn't mean knowing one or two is enough to help you make investment decision which involved your hard earned money! The following is the list that most investors would look at:
1. moving averages
3. Stochastic
4. RSI
5. Bollinger Band
6. Volume average
7. Fibonacci retracement
8. Money Flow Index
9. On Balance Volume
10. Candlestick
11. Trendlines
12. Price patterns (Head & Shoulders, double top, double bottom)

What a list!

If possible, you may try to understand some of the famous technical analysis theories such as the DOW Theory and Elliot Wave Theory. I hope I'm not scaring some of you.

Knowing these indicators and theories is one thing, applying them well is another difficult task that requires certain amount of trading experience.

For me, I usually use fundamental analysis to identify the right stock and apply technical analysis to time the entry and exit for the stock. This way, I'm applying both and I'm quite happy with the results.

Happy investing,
Pauline Yong

Tuesday, October 11, 2011

How to Cut Back on Monthly Expenses By Using Coupons

Saving money is often a challenge because it is difficult to determine where to cut out expenses. Though we all have little luxuries, cutting out that occasional cup of coffee or candy bar is not the only way to cut back on the monthly expenses and put a little extra cash in the bank. Coupons can also lower the cost of monthly charges and make it possible to lower the price of necessary items.

Cut Out Coupons from Newspapers:

Stores often put their coupons in newspapers, particularly if it is a grocery store. Pay attention to the coupons and cut out those that are necessary expenses purchased when buying normal groceries or items from the store. Using the coupons to get a better deal is not only a way to save a few extra dollars on the next grocery trip; it is also a way to get necessities purchased without the coupon for a lower price.

Use Online Coupon Links:

Coupon links for online store purchases can result in large savings, depending on the item and the store. The coupon links differ from other types of coupons because it is only used for online shopping and requires clicking on the link to activate. After the coupon link is clicked, the website will open and the discount is automatically taken off at checkout.

Look for Promotional Codes:

Promotional codes, which are often called promo codes, are available for online shoppers at almost any store. These are often short phrases or words that provide a certain discount. Most online stores will have at least one promotional code running throughout the year and the type of discount often varies.

In many cases, promotional codes will offer a discount percentage off a full purchase or will provide a certain amount off a specific item, depending on the code and the store. The variation can result in large savings when making online purchases. The codes are inputted at checkout in a small box asking for promo codes.

Prescription Coupons:

Though saving money on online shopping or grocery shopping is an obvious use of coupon codes or physically clipped coupons, it is also possible to save on prescription medications with coupons. Prescription coupons provide a discount on the medication or might offer a free trial of the drug. Many of these coupons are issued by the drug companies and it is possible to obtain low cost prescriptions through the use of a coupon.

This can save a large sum of cash, depending on the specific medication and the general cost.


Look for Coupons to Restaurants:

Restaurants, particularly those who offer delivery, often provide coupons. Family outings are much less expensive when using a coupon to a restaurant, particularly if the coupon is designed for eating in the restaurant rather than delivery. Use caution with this type of coupon, since many have hidden costs that might make it less of deal than anticipated.

Coupons can save a large sum of money when used in most shopping. While most of us are aware that grocery stores offer discounts via coupons, making use of online coupon codes or prescription coupons can compound the savings so that more money is making it into the bank each month.

Photo credit: Coupon for B&J's by Monsieur Gordon/flickr

As a stay at home parent, Mary Blanchard makes the most out of her budget by shopping with coupons. The Coupon Croc provides the best deals on what she needs most for her family.