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Friday, October 31, 2014

5 free tools to help buy a home with poor credit

Mortgages and credit rating
Sub-prime mortgages are a type of low-credit housing loan
By Chad Deveault

Buying a home with bad credit can be a hassle, but there are ways around it. Here are five tools that can assist you in the process of buying a home with bad credit.

1. Check your credit report. As an American citizen you are allowed one free credit report per year (by law). A credit report will have important information about your financial transactions, accounts and how you pay your bills. You will need to verify who you are and then they will give you information about your credit score. There are three major credit bureaus in the U.S., and some may charge a subscription fee for you to find your credit report. You can find a free credit report at: www.annualcreditreport.com. Also, as of 2014, many credit card companies now provide a free monthly credit score to all of their cardholders.

2. Apply for a Federal housing administration (FHA) loan. The FHA is a fairly simple loan to apply and qualify for, even for people with poor credit. There may be some problems obtaining an FHA loan if your credit score is 500 points or lower. Those who have a credit score from 500 to 579 may only qualify for borrowing a 90 percent loan-to-value. If your credit score is below 500 and you meet requirements, you may be able to apply under what is called "non-traditional credit history or insufficient credit." The FHA is government funded and offers flexibility for people with poor credit.

3. Build your credit. Specifically in the area of mobile homes, there is a program for those with weak credit scores that allows you to build your credit, while putting money toward a mobile or manufactured home. When your credit has gained some ground and you are eligible for a loan, the service fees you give can be put towards your own mobile home. So you can build your credit while adding money for a down payment on a home. You should always be working toward building your credit, so why not contribute to a down payment on a home as well?

4. Use a mortgage calculator. A mortgage calculator can help you by calculating your monthly mortgage cost when purchasing a home. It's a quick and easy way to find out how much you would pay throughout the years your mortgage would last. This may also involve property tax, home insurance, and mortgage insurance. Enter your location and price, and this tool can be of great assistance in helping with finances for home buying.

5. Stable income. No one likes to be financially unstable and it sure doesn't help in home buying. Showing stability in your income can greatly increase your chances of being approved for a home. If you can show you are able to keep a good reliable job that will cover a mortgage, and that will be a big help to you, even if your credit score is low. To be able to display a solid quantity of money in your savings account can also go a long ways when buying a home with poor credit.

These are just a few tools and tips to consider using for those with poor credit. Don't let a bad credit score stop you from working towards your home today!


About the author: Chad Deveault (with article contributions by David Leiter). Chad works on a marketing team as a freelance writer covering a wide range of topics in the oil, housing and trucking industries.

Image: Author owned and licensed

Financial news: October 31, 2014

NYT: Large banks are suspected of violating securities fraud settlement terms
ZH:  Evidence of illegal price collusion has emerged from the forex market banking
EBRI: Largest balance IRAs have the lowest combined exposure to stock per data
CNN: Yr-over-yr rents up 7%, but incomes up 1.8% and millions are being evicted
Fox: Low oil prices provide temporary relief to a market reliant on federal stimulus
CNBC: Jumbo mortgage applications up 130%; confirms elasticity of demand
Reuters: U.S. labor market weakness is not significant per the Federal Reserve Bank
BEA: Q3 2014 GDP up 3.5% annualized, government spending up 10%
MW:The majority of millennials with jobs expect to stay at those jobs over 3 years
BBC: The German unemployment rate remained 6.7% on low October jobless claims

Thursday, October 30, 2014

Trouble-free ways to succeed with intraday trading

Day trading tips
Numerous capital markets allow day trading activites
By Jake Hyet

Intraday trading, or day trading, is considered to be the most popular method of electronic trading and can furnish solid returns to individuals who are willing to take the time and have the patience to learn the system. 

A word of caution here, like anything to do with the stock market, it can make you a lot of money, but there is also the potential for big loss, so just be careful not to use money you can't afford to lose. Here's some trouble-free ways to succeed on intraday trading: 

Pick a market


Choosing only one market or at the most two in which to concentrate your efforts will help increase your chances for success. By doing this you will be able to gain the most knowledge and experience you can in that particular market.

Trading on stock and security markets  


Concerning trading on the stock and security markets where the trades are constant, but also continually changing. Day trading is designed to provide traders with the opportunity to buy and sell financial assets in short periods of time while always having the goal of selling at a higher price than the price they purchased them at.

It is, however, important to know how the system works and to learn the tools and tricks ingrained in it before you enter day trading. One point, a day trader must have a minimum equity level which is money that is deposited into the platform within which the trading is handled. Also, don't forget that you don't have to go it alone. You can always opt for investment management services.
Use money to control risk

This money is used to control the risk (in form of buys) that a trader can take. A trader is permitted to hold stock worth four times the value of his equity during the day when trading is going on. However, the trader may only hold twice the amount of his equity in stocks after the end of the day's trades. Since the stocks that are typically invested in by day traders are fast moving stocks, the bottleneck is handled without difficulty.

Proven strategies for day trading


Trend following -- It involves watching the trend that a particular stock is taking to predict the profitability in trading in it. Purchasing a stock when its price is on its way up and selling it sometime later at a profit is an example of this.

Scalping -- This strategy depends on small profits which are generated when selling a stock that has minimally increased in value. It focuses on capitalizing on small profits over many stocks to compound into larger profits. 

Range trading -- Some stock prices are seen to move up and down in a wave like manner. The strategy emphasizes on speculating on the prices that form the peaks of the wave and capitalizing on them by buying when the prices are lowest and selling when they are highest. This is more of a job for an investment management firm though, as is the method below.

Use of artificial intelligence -- This method consists of using software programs that parse through real time market data and according to the conditions that you assign to it, the software makes real time fast trades. This strategy capitalizes on algorithms that define which trades to do and when to do them.

Use strategies together


The strategies are never used solo because the market trends are not accurately predictable and they necessitate that the trader evaluate and revaluate their position for maximum profits. Discipline is important to day traders, meaning that they adhere to their self-set rules regarding their trade activities.

One common rule is the three E's. Entry, exit and escape. Entry is the maximum price at which to buy a stock. Exit is the profit which a sot k generates at which the stock is sold. Escape is the loss in value of a stock at which the stock is sold to prevent more losses.

Day trading is not a get rich quick plan, but with analytically sound judgment, patience and continuing practice, you can earn a good deal of money. One trade, one day at a time.


About the author: Jake Hyet is considered an expert on intraday trading and investment management having worked in both fields for a decade. He writes extensively on the stock market.

Image: Luis Villa Del Campo, "Nasdaq Market site TV studio"; CC BY-SA 3.0

5 ways to make email marketing work for you

email marketing tips
Customizing content for recipients helps boost impact
When you start to look at ways you can promote you business online,  one method you are bound to come across time and time again is email marketing.

As email is now a solid part of many of our lives it stands to reason that this could be a good way to reach your customers and promote your business. However as with any type of marketing or promotion you undertake it is about making it work for you and this means not taking a blanket approach to your marketing, but instead look at what is going to work your business.

One of the best things about email marketing is that as promotion methods go this is really affordable, which means it is accessible to businesses of all sizes. So, if you decide that email marketing is for you, what's the best way to make sure it is as successful as possible?

Know your customer

Think about the emails you are sending and whether you would be happy to receive them as a customer. Rather than just write emails for the sake of writing them you need to get to know your customer base and your target audience. That way you can make sure that the emails you send out to your customers are relevant to them and that they are likely to pay attention to what you are saying rather than dismiss your email as irrelevant and not reading it.

Who are you emailing

Although it isn't hard to get hold of email addresses, just emailing random people is not going to do any good for your business. Instead what you need to do is make sure that you are collecting relevant and up to date email addresses of people that are interested in your product. Make sure you have a section on your website so that people can sign up to receive emails from you if they want to. On top of that you can also have a section on your check out page so that when people buy from you they are opt in to your mailing list and will receive email addresses from you in the future.

Why should people sign up with you?

If you want to build up a successful email list then you need to make sure that you give people a reason to sign up with you. This means highlighting on your website why they should give you their email address - so for example exclusive offers, early access to sales etc.

Brand awareness

If you are going to be sending out emails then you need to make sure that your brand becomes one that people know and can trust. Rather than just sending out random emails you should make sure that the information you are sending is relevant and interesting. By showing readers of your emails that you know what you are talking about, you give them a reason to trust you and your brand and that is a great way to generate sales.

It's not all about the hard sell

It is easy to assume that as you are able to email your customers, you should be encouraging people to buy from you at every opportunity but that is not the case at all. If every time someone gets an email from you it is about how much money they should be spending then they will quickly switch off and not bother to read any future emails from you. Instead you need to make your communication with then fun, interesting and relevant so that when they see an email from you in their inbox, they want to read it rather than avoid it.

These 5 tips might help with your email marketing but that's not all. Instead you should be paying attention to your customer base and your target audience. That way you can easily tailor make any of your email methods to suit the needs of your business and that is the best possible way to ensure that it is as successful as possible. As with all marketing you need to keep an eye on things and tweak where needed so that you know it is always working as well for you as it could be.


About the author: My name is Tara and have interests in technology, health & fitness and parenting. I enjoy writing and can be found on most evenings sitting at my computer blogging and meeting new people.

Images: Suckitwo, "What is Double Opt-In?"; CC BY-SA 3.0