Posts Tagged ‘Personal Finances’
Personal loans are a single payout lent by a financial institution to an individual borrower. Specific terms, such as the amount of money to be lent and the interest rate, are agreed to in advance by both parties. You have a certain amount of time within which to repay the loan. Regular payments, including interest, are made until the loan’s paid back. You must be sure to do a personal loan comparison before agreeing to anything.
It is really easy to qualify for a personal loan. The interest rates and fees associated with borrowing these smaller amounts of money are often quite high. Although there are high fees, there will always be a way to find the cheapest personal loans. The cheapest way to apply is through an online lender. Another way to ensure cheaper loans is to do some comparison shopping. There’s a lot of competition in the loan industry, so you sure to find someone with cheaper rates.
It is very important to do a personal loan comparison. Personal loans vary widely from lender to lender, and even the same lender will offer differing terms depending on the type of loan that you take out or the amount of money you borrow. Only by taking time to compare personal loans will you know if you are making the best decision. Some people may be interested in a bankruptcy credit card to help with personal finances.
Interest rates are an enormously important factor you must take into consideration. One of the first comparisons that you should perform is to weigh the pros and cons of fixed rate loans versus variable rate loans. You and the lender agree upon this rate in advance, and it will not fluctuate, no matter what happens within the market. A variable interest rate is a loan with an interest rate that varies depending on the prevailing interest rate set by the Federal Reserve.
Chances are you already know approximately how much you need to borrow and what your ideal repayment timeframe would be. You will likely find a number of lenders that can accommodate your needs, but it is unlikely that the terms of their loans will be the same. In addition to interest rates, you should compare added costs such as the loan fees, default penalties and minimum monthly payments.
A couple of weeks ago the admin at The Money Philosophy Blog decided to get back into the stocks game after having been out of it for a few years. He was immediately drawn to stocks like GM and C (Citigroup) which had taken a huge hit since the stock market fell through the floor in the fall of 2008. These stocks looked like they were headed back up and he was excited about the chance that they may eventually reach their 52 week highs.
His GM and C picks were very successful and that got him into looking for other stocks like them. He found a couple of penny stocks, CTIC and LJPC, that looked like they may break through in a similar way. These stocks were bigger risks but they also seemed to have greater potential for big gains.
That turned out to be the case as both LJPC and CTIC ended up being huge gainers. In fact they were even bigger winners than GM & C.
He decided that he may actually be onto something with the way he was selecting these stock picks so he decided to try to create a stock screener which would find more penny stocks like them right before they were about to have big gains.
The reason I’m writing this blog post right now is because his first stock buy with this new screener reached a high 20% above it’s open today and that certainly impressed me. Obviously my imagination is off and running with the kind of gains I could make by following his stock picks.
Of course I don’t expect every pick he or anyone else makes to have big gains. No way. It’s also key to know that a gain isn’t “real” until the point where you actually sell the stock. Figuring out when to sell is just as important as deciding when to buy. The really cool thing is that he also makes a post on his blog (and on his Twitter account) when he sells his holdings.
He doesn’t share exactly how he screens for these stock picks as I guess he’s too selfish to share all of his trading secrets but he definitely shares more about what he’s actually doing on the market than most so called “gurus.”
He does not tell people to trade his picks. He doesn’t really have anything to gain by that. He’s clear that he’s only sharing what he does not giving investment advice. And that’s an important thing to note. It’s always recommended that you do your own investigating before buying stock.
While it’s tempting to download The Day Trading Robot or Easy-Forex.com, I really think you would have superior gains just by following what this guy is doing. And the really awesome thing is that it’s completely free.