Financial News Headlines

Betterment iPad 2, Kindle Fire, and Nook Giveaway

November 29th, 2011

Santa is coming early this year because Ive got a great giveaway for you. Ive teamed up with a few other bloggers and Betterment to bring you some great prizes. We are giving away three great tablets: a Nook, a Kindle Fire, and a 16 GB iPad 2. Thats three chances to win.

This giveaway is in large part thanks to Betterment. If you arent familiar with them be sure to check out my Betterment review. They are a relatively new company that makes saving and investing incredibly easy. Their platform is great for those who are too busy to do a bunch of investment research on their own, but dont want to go as far as working with a financial planner and handing their money over to them.

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Tags: Giveaway

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A Detailed Discussion Of What Happens After You Win Your Alabama Collection Lawsuit

November 27th, 2011

Check out our other website where we have a long article on what it means when you win your Alabama collection lawsuit. This article discusses many of the illegal collection actions that collection agencies, debt buyers, and collection lawyers (all of these are debt collectors) take after you beat them in the lawsuit they filed against you.

Let us know if you have any questions about this and we hope this article is helpful.

Tags: Alabama Collection, Alabama Collection Lawsuit, Collection Lawsuit, Lawsuit

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Gold Plummets, Investors Scramble for Cash

November 24th, 2011

The price of gold sank $50.60 per ounce to $1,678.60 for December delivery on news of the Congressional super committee’s failure to agree on how to balance the U.S. budget. Spain’s borrowing costs jumped 6.5%, putting more pressure on gold as the euro slipped against the dollar. Silver is also down on the news of U.S. and Eurozone financial woes as investors trade gold for cash in an increasingly volatile market. Some are even speculating that ratings agencies may yet again downgrade the U.S. credit rating due to policy failures, and while the first downgrade saw gold jump the news may not be so good the second time around. For more on this continue reading the following article from TheStreet.

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Tags: Gold, Gold Plummets

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Derivative Contracts

November 21st, 2011

Derivative contracts are agreements by which a trader gains leverage on investments in underlying financial instruments such as stock shares. Derivative contracts derive their value from the underlying instrument. However, they offer the opportunity for greater profit, the option to buy stock or sell stock at a given price, the possibility of hedging risk, and the possibility of trading where there is no underlying financial instrument. Derivatives contracts include those used in trading options, futures, commodities, foreign exchange trading, interest rates, or credits.

Derivative contracts can be complex (exotic) or they can be simple (vanilla). Read more…

Tags: Contracts, Derivative Contracts

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A Story About Cars, Entitlement, and Values

November 20th, 2011

I was reading a WiseBread article the other day which discussed driving an older car to save money vs. buying a new car (whatever the reason). Ive always been a proponent of using something until it can no longer be used, or it no longer fulfills my needs. I try to get the most value out of an item that I can.  When it comes to cars, safety and reliability are top priorities. The status of the car has less importance to me at this point in my life.

The article got me to thinking about someone I met in college who thought differently.

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What Would You Do In This Situation?

November 19th, 2011

Philip Turner calls it the dearest bottle of milk and chocolate bar he’s ever bought Last week Mr. Turner went to a nearby fuel station in his town with a $50 bill to buy some necessities of life and as part of his change was given a $20 note defaced on both sides. On one side it says: ‘Suck it. Now you can’t buy anything.’ On the other it says: ‘Happy birthday.’   No takers No business will accept it and the bank won’t change it. “I bought two liters of milk and a bar of chocolate. I handed over a $50 note and got two twenties back and some loose change,” Turner said. “The next morning I went to spend it in town and was told: ‘We can’t accept that. It is all written Read more…

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