February 2, 2012
The internet is a vast pool of investment tools that are designed to provide investors and traders with simplicity of trading. These tools serve a wide variety of purposes. One of the most important benefits that they provide is that they help you make calculations based on your investment capability and create a plan that will help you leverage your capabilities.
Original Source: http://EzineArticles.com/?cat=Finance:Personal-Finance
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February 2, 2012
The post-financial crisis lending landscape of today is far different from what existed before 2008. This is true for all types of lenders, including both commercial banks and asset-based lenders. Since the onset of the financial crisis more than three years ago, virtually everything about commercial lending has changed. This includes much stricter credit criteria and more risk aversion on the part of lenders, as well as enhanced regulatory scrutiny on lenders.
Original Source: http://EzineArticles.com/?cat=Finance:Credit
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February 2, 2012
One of the best things about the Internet is the accessibility of remarkable offers, which allows a person to save money. When we browse the Internet, we will be able to find the most recent and best freebies that we can avail at once.
Original Source: http://EzineArticles.com/?cat=Finance:Personal-Finance
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February 2, 2012
A self-directed IRA is similar to a traditional IRA. In a traditional IRA you will invest your money in mutual funds, stocks, bonds, cash or other marketable securities offered by your brokerage firm/financial advisor. In this scenario, some of the due diligence has been done for you to make sure that the investments are generally sound. But the IRS does allow you to invest in other investments like privately held stock, real estate or certain precious metals within a self-directed IRA. "Self-directed" means just that - you are doing the due diligence and making all the decisions, so you really need to understand the rules.
Original Source: http://EzineArticles.com/?cat=Finance:Personal-Finance
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February 2, 2012
Today's tough lending standards make it more important than ever to have a credit report that's free of blemishes. Negative records can lead to higher interest rates for mortgages, car loans or credit cards and might keep you from being approved at all. In addition, many employers now examine credit reports before hiring candidates so negative records could keep you from landing your dream job - or even a not-quite-your-dream job.
Original Source: http://EzineArticles.com/?cat=Finance:Credit
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February 2, 2012
Passing the Series 7 License Exam is a requirement before anyone working in the finance industry can sell or buy securities including stocks, bonds, derivatives and any other investments promoted to the general public. The exam is administered by the Financial Industry Regulatory Authority (FINRA) and covers a broad range of investments and products. In order to take the exam, generally you must be sponsored by a registered member of FINRA, although in some instances the state can act as your sponsor if you are a Registered Investment Advisor.
Original Source: http://EzineArticles.com/?cat=Finance:Personal-Finance
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February 2, 2012
If you want to clean up your credit, you can do it yourself. You don't need to hire a legitimate credit repair company because if you have the time and correct information, you can fix your own credit report. You can ask for the removal of negative credit items from your credit file. By law the credit bureaus must remove negative items from your report if they cannot prove or verify that the items are truly yours.
Original Source: http://EzineArticles.com/?cat=Finance:Credit
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February 2, 2012
Three years ago, as the depth of the financial crisis was just beginning to be felt, banks started tightening the reins on credit, resulting in a severe credit crunch. In this environment, cash conservation became the name of the game. But today, U.S. businesses are flush with cash, and the emphasis on wringing every dollar out of working capital has dissipated. But do improved corporate balance sheets, a brighter business lending picture and an improving economy mean that CFOs should adopt a new mindset when it comes to working capital management? Not necessarily.
Original Source: http://EzineArticles.com/?cat=Finance:Credit
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February 2, 2012
The Supreme Court has cancelled 122 licenses issued by then telecom minister A Raja to telecom companies, saying that they were granted in an arbitrary and unconstitutional manner. Raja had, in 2008, granted spectrum licenses to many companies at a price of Rs. 9,000 cr. which was strangely much lower than the 3G auctions which fetched 69,000 cr for a much smaller number of licenses. Some of these companies turned around and sold stake to foreign companies at a much much higher valuation, meaning that the spectrum had been underpriced, and the process was manipulated so that other parties don’t bid.
The losers are Uninor (Unitech + Norway’s Telenor), Loop Tele, Sistema Shyam (Shyam Tele + Sistema), Etisalat DB (Swan tele + Dubai’s Etisalat), S-Tel, Videocon, the Tata Docomo piece and (some) Idea.
Of the newer players, the bulk of the subscribers are with Uninor.
These guys, as a whole, don’t have a lot of subscribers. Only 66 million (6.6 crore) out of total of 89.3 crore subscribers are with the new fellows – though honestly I don’t have bifurcated figures of Tata Docomo versus Tata’s other services.
These licenses will be auctioned. We don’t know when, how or how much. The court has said four months – within which time the current licensees can continue to operate.
My Notes
- The govt must be thanking their stars – an auction means money for financing what seems to be a horrendous fiscal deficit. If so, they’ll auction the spectrum before March (or if not, it’s something worthwhile next year).
- There’s a large ecosystem that the licensees had created – from hiring people to buying equipment to taking debt to working with partners like call centers and data providers. This ecosystem will suffer, or at least stay in limbo.
- Banks have talked a little about their exposure, which they say is not significant. But I don’t think they currently have an idea of how much they are exposed to. The domino effects will ensure there are bits of bad news on a regular basis in the next few months.
- The uncertainty may cause certain users to attempt to move, but I honestly doubt that’s an issue. If you were a Uninor prepaid subscriber, you might not explicitly move, you’ll just let your currency expire and buy another sim from someone else.
- Most of these subscriber numbers are overreported anyway. Do you really believe, honestly, that India has 89 crore mobile connections currently active? Of a population of 120 crore, where a good number are non mobile wielding children, others live in areas too remote for cellphone coverage, and only a tiny percentage has more than one mobile?
- Is this good for Airtel or Idea? Well, to be honest, when there are auctions, there will be more players coming in and they will have the supreme court sanction that their entry is clean. Airtel has a murky past as well, when they got spectrum in a non-auction method – if someone goes to court, even that spectrum may be deemed to have been underpriced and may go to auction. There is no clarity; and the guys that are “clean” will have a slight advantage. I don’t think the advantage is so much, even if it’s temporary.
- This is not really about auctions versus first come first serve. That would be too silly. The point is that there were bribes given to subvert the specific process that was used to get spectrum, by the parties involved. So they suffer. It is entirely likely that earlier granted spectrum was also mired in bribery, and if that is found, then those licenses will also be cancelled. The court has made it fairly clear that it is this particular case that is a bother, and that will explain why their action seems so harsh.
Even then, the Airtel stock is up big, and the Unitech stock is down big. But after much analysis the issue will throw up news over a regular period, and will cause some level of uncertainty about investing in India. However, it is a good step that will strengthen the process of handing out lucrative pieces of what is public property.
I would like to also see such a transparent auction process on media advertisements by the government (for tenders, or regular ads of performance, or notices). Also for mines, for iron ore, for coal. This will stifle industry for a while, but we can handle it. The auction-versus-FCFS argument does hold water, especially in the context of a transparency act like an RTI.
Original Source: http://capitalmind.in
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February 2, 2012
Credit cards are often applied for impulsively or when consumers are in immediate need of a line of credit. People do not realize there actually is a 'right' time to apply for a new credit card. Timing and credit go hand in hand and making a move before the time is right can actually hurt your credit score and your chances of getting approved for the credit card you want.
Original Source: http://EzineArticles.com/?cat=Finance:Credit
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