Sure, there is opportunity in pairtrading, but you need to know your stocks. You need to know all about short sales as well as when to buy. Plus, you need to know when to exit both of the pairtrades. Having a good app that is a decent pairtrade finder would be very helpful. You need similar stocks to be doing this sort of trading in the first place. You buy both, and it does not really matter which one is growing or declining. You just need to know when to buy and sell. You end up being neutral in your trading but still making money.
It is not for beginners in trading in stocks. Most people get their start in mutual funds. They are relatively stable depending on the fund you invest in. The spread out risk is a real help for beginners. Then people usually go into trading a couple of single company stocks. They might do well and want to expand some of their disposable income into more risky stock trading ventures. They do it because of the potential returns. Read More →
When I started my company, I was the only one on the payroll. I handled all of that myself because even if I had wanted to hire an accountant in Woolloongabba, I would not have been able to afford one. As business picked up, so did my number of employees. I only added one at a time until I reached five employees, then I was able to hire more because of a huge contract that I had picked up. It was at this point that I knew I needed to finally hire a professional accountant.
I had been managing on my own up to this point, but I was definitely struggling a bit in the process. Taking care of just one aspect of accounting is difficult enough for a busy person, but handling all aspects makes it very tedious and tiresome. Read More →
I have recently inherited a little bit of money and I have been trying to figure out what to do with it. The first priority is to keep as much of it as I am able to do without going to jail. I obviously do not want to pay more of it to the government than I absolutely have to, but I do not want to do anything flaky and end up getting the IRS in my business. I realize that to keep the money I probably have to find something to invest it. The shark report blog is what I am reading right now, but I have been looking all over the internet trying to figure out what I need to do and how I can do it. I know I do not really want to hire a stockbroker. I have the idea that most of those guys are interested in collecting commissions, they want to buy this and then sell it and charge you ten percent on each transaction. That seems to be their real priority.
I do not want to share my money with the IRS, but I realize that I have to do it and the alternative is not very pleasant. Of course you might get away with it, but I am not very good at getting away with stuff like that and so I do not do it. I have a choice when it comes to a stockbroker. I do not want to share my money with them, and so I will not. If I was sure the guy was going to earn his cut that would be fine with me, but I am pretty sure I can find some way to get the same rate of return without paying some guy. I want something safe and hands off.
Many home buyers are interested in getting an FHA loan because the requirements are easier to meet. This type of mortgage is insured by the Federal Housing Administration. Here are some advantages to an FHA loan.
The FHA down payment is only 3.5 percent. Traditionally, mortgages require 20 percent of the cost of the home as a down payment.
Your credit score doesn’t have to be perfect for an FHA loan. You need a credit score of 580 or higher to qualify for the 3.5 percent down payment. If your credit score is between 500 and 579, the down payment would be 10 percent or more.
The FHA also offers a loan for buyers who need to make repairs to their home. The loan amount is calculated on the value of the home after repairs would be made. The home buyer can borrow up to $35,000 for nonstructural repairs.
If you have a serious problem financially and are having difficulty making your monthly payments, financial hardship relief is available. You may be able to extend the length of your loan, lower the interest rate, or take a certain amount of time to catch up on your payments or defer part of the balance.
Finally, FHA mortgages are assumable. That means when you sell your home, the buyer may be able to just assume your loan. This means that people who have gone through a foreclosure or bankruptcy may be able to assume the FHA loan.