Markets Witness Lacklustre Move In Early Trades

The Global Markets gives out positive cues this morning. U.S. stocks rose, erasing the Dow Jones Industrial Averages 2010 decline, after FedEx Corp. boosted its profit forecast and a report showing improved new home sales eased concern about the economy. European stocks advanced for a fifth day as European Union stress-test results showed the majority of the regions banks are adequately capitalized and U.S. home sales rose more than forecast. This morning Asian stocks rose, driving the MSCI Asia Pacific Index higher for the third straight day, as better- than-estimated new home sales in the U.S. boosted the prospects for global economic growth. In commodities, Crude oil traded little changed near $79 a barrel in New York after equities advanced as sales of new U.S. homes rose more than forecast while analysts estimated that supplies of fuel products climbed last week. Gold, little changed, may gain on speculation that a drop in prices in July, the first monthly loss since March, is spurring some physical demand. Copper dropped from the highest level in more than 10 weeks, declining for the first day in seven sessions, as gains were seen overdone amid lingering concern that the global economic recovery may slow. The Indian markets taking cues from its global peers started off on a positive note but could not sustain their gains. The markets trade flat on a positive note and is witnessing lacklustre move ahead of the monetary policy due for the day. Capital Goods index is the main dragger for the day declining by one and half percentage points. Auto index which witnessed good selling pressure in yesterday’s trade is witnessing some buying interest to trade in green gaining more than one percentage points. Market breadth is positive with 1,329 advances against 1,111 declines. The Sensex trades in green at 18,026.30 gaining 6.25 points or 0.03 percentage points. Nifty trades at 5416.40 gaining by 2.20 points or 0.04 percentage points.

Source: Dalal Street Investment Journal

How to Get Business Financing With Bad Credit or Past Credit Problems

How To Get Business Credit Or Loan With Bad Credit History

What are the banks and funding sources looking for to approve a business loan with past bad credit problems by the owners?

There are many types of banking and funding options for businesses with bad credit or owners that have past bad credit problems.

The first thing to determine is do you really need a loan? What is the direct use of the funds? What will be your true return on investment or cost of funds?

With this information then you can easily determine if the cost of the funds for the loan will truly be a money making event. Funding-Banking-Commerical Finance sources are as interested as you are in making sure you will make money with the loan. It reduces the risk they have in loaning you the money in the first place.

For example if you are borrowing $10,000 to finance some equipment or inventory that will bring you a return at least double what your loan payback schedule is than you are at least looking at this from the right perspective.

Remember if the $10,000 loan generates $30,000 in revenue (not profits) but costs you $20,000 year in cost of funds then you only have $10,000 a year in cash flow to pay for labor, overhead, taxes and have something left for you called net profits.

But if the $10,000 loan generates $30,000 a year and the payback of the $10,000 loan is over three years and is still double you cost of funds then you have $90,000 in revenue (3 years of $30,000) and cost of funds of $20,000 over the same three year time frame equally $70,000 in gross profits after cost of funds. Then deduct your labor, taxes, overhead etc…

This is simply called time value of money or return on cash (not return on investment). This is the best way to determine if you can pay the cost of funds that a high risk, bad credit, commercial loan will require.

Here the best way to remember the philosophy. Sometimes the cost of capital is not as important as the access to capitalIf it helps you get to a better credit situation and better rates in the future.

Ok, so If you can afford or better yet can’t afford to not acquire the capital to generate more profits, but have a past personal bad credit problem. How do you fix this? What are the steps to get the funds to grow your business?

You must first understand what the funding sources are looking for to give you the loan.

a. Keep your business bank separate of your personal at all costs even if you are not incorporated.

b. Keep your revenues (not profits) above at least $8,000 per month at more like $10-$20,000 a month

c. Keep your balance carried over at least 20% of your monthly revenues. Its hard to run a business on 20% gross profit and less than $10,000 in sales a month and still pay your self, taxes, and prove you can repay the loan

d. Don’t change banks commercially stay with one however bad they are till such a time you don’t need a loan. This will also help you in the future when you bad credit is fixed and your business is in good shape to get a low interest loan from the bank.

a. Pay off if you can any liens

b. Employee a reputable credit repair company to LEGALLY remove any trade lines that can be removed

c. Get two unsecured trade lines that report to all three credit bureaus and pay for them on time.

d. Don’t get past due on any trade line you currently have but most importantly not on your vehicles and or home

e. Don’t talk to anyone about a loan till your BK has been charged off.

f. If you can keep from it don’t BK at all. Funding sources know if you BK’d once you’ll probably do it again in the future. They would like to see you work through and out of the problem instead of bankruptcy

In summary, if you have bad credit but need a business loan just follow a few simple tips:

Click on this link complete and application for a business loan with bad credit

or

Go to this link for more information

Business Loans With Bad Credit

A Look at The Change in Vat Rates And Corporate Tax in France

As part of a range of austerity cuts following the latest Euro currency rescue agreement, the government of France announced plans to impose a ‘temporary’ corporate tax surcharge of 5 percent for 2012 and 2013 for large companies. The French government also plans to increase the ‘reduced’ value-added tax (VAT) rate of 5.5 percent to 7 percent, with certain limited exceptions. The move is part of France’s second austerity package designed to increase corporate tax revenue and reduce government expenditure and debts. It is said that the extra cuts make the 2012 budget one of the toughest since 1945.

What are the New Corporate Tax Proposals?

The corporate tax proposal mainly focuses on two measures that would affect business taxpayers. A temporary 5percent surcharge on corporate income tax would be implemented in 2012 and 2013 for companies having an annual turnover of E250 million or more. The “reduced VAT rate” which is currently at 5.5 percent will be increased to 7percent for all goods and services (with an exception to food and certain goods/services provided to disabled persons).

Tax proposals for Individual Taxpayers

The French government also introduced an exceptional 4 percent individual income tax on taxpayers with income of E250,000 or more if single and E500,000 or more for qualifying couples which is currently being considered by the French Parliament. Some of the proposed measures concerning taxation of individuals, if enacted, would increase the individual income tax ‘flat rate’ that applies for dividends and savings income from 19 percent to 24 percent.

Take the help of an expert

When doing business overseas, the last thing any organization wants to do is to pay your hard-earned profits as unnecessary taxes, especially in the current economic climate. It is best to partner with an expert to help simplify the process and overcome any challenges in taxation. A business consultant will have a complete up-to date information on how to keep up with the ever changing laws pertaining to expat tax, global transfer pricing, regulatory filing, to name a few. A dependable professional partner in an international expansion can help get rid of any concern regarding your overseas expansion project, thereby allowing you to focus on building your business.

Online Broking Is Set To Change In Australia For Stocks, Options, Futures & Forex

There are many different variables to selecting the right online broker or trading platform. We all have different needs and different expectations. Some of the main points to consider are Fees, Trading Platform, Terms & Conditions, Customer Service and Account Statements. One point often not considered until it’s too late is broker / advisor knowledge, especially when dealing with derivative products.

Recently a friend of mine (Tom) was using a large investment bank as his full service broker and called the trading desk to roll some long call options into a further dated call spread. Tom instructed the advisor to roll into a longer dated call spread for a net even price. The advisor informed Tom that the trade could not be executed as a single order, and insisted that he close the original position and then buy the longer dated spread. The advisor also informed Tom that a senior advisor will need to take the 2nd half of the order as he was not authorised to trade combination orders. After some debating, the position was closed and before the senor advisor could take the 2nd half of the order that stock jumped 28% (due to takeover rumor). The calls which were sold had now increased by a further $55,000 and Tom was not in the longer dated call spread.

The above is an example of an advisor providing the wrong information and probably not wanting to loose out on a large commission ticket insisted to execute part of the order. �

Differing from full service brokers are online brokers who charge a commission based on the number of trades and most even charge for advanced orders such as stops and contingent orders. I have come found a new trading group in Australia called Enfinium . They offer an online execution trading platform at discounted commissions on over 80 markets worldwide with no account keeping fees. They provide advanced orders for all markets and do not charge extra fees to use such features. The group also offers Funds Management in the form of Managed Discretionary Accounts MDA’s, currently invested through a Global Volatility technique. The fund is currently returning approx 30%pa. The online trading platform is through Enfinium International and the Funds Management is through Enfinium Capital Management .

Enfinium International provides the trading platform for free. The only cost is in the form of data, based on what markets you subscribe to and of course the commissions. Currently there is zero commission on option exercise and assignments on the Australian market. This in itself could save any option trader hundreds of dollars per month.

In summary, it pays to shop around and if your not happy with your current broking service try someone new providing a specialized service.

Financing Your Transportation Company Using Factoring Financing

Most transportation companies – carriers and brokers alike – will need financing at one time or another to be able to grow past the investment of the original owners. In part, this stems from the fact that the industry is very competitive and margins can be thin making it difficult to build cash reserves. Also, most shippers pay their freight bills in 30 to 60 days, which combined with minimal cash reserves can create cash flow problems.

Slow revenues and thin margins can create a dangerous combination that leaves transportation companies vulnerable to unpredictable events – such as a slow customer payment, a major equipment breakdown, quick payment demands from drivers or fuel increases. Well capitalized companies can handle these events simply by tapping into their cash reserves. But growing companies, or companies with minimal reserves, run the risk of running into serious problems.

You can certainly minimize these cash flow problems by optimizing how you manage your accounts receivable. For example, you should run credit reports to make sure you only work with shippers that will pay for their loads on a timely basis. Additionally, you should always make sure that all the proper paperwork (e.g. freight bill, bill of lading, etc) is in order. Lastly, you should consider offering discounts in exchange for quick payments. But this strategies do have their limitations.

Although optimizing your invoicing processes will definitely help, most transportation companies will ultimately need business financing to be able to grow and succeed. Usually, company owners will approach their local institution to try and get a business loan. However, getting a business loan in the transportation industry is very difficult for carriers and nearly impossible for brokers. Furthermore, institutions will usually require that the company present three years of pristine financial records. Also, they will only work with companies that have substantial collateral and whose owners have a solid net worth. Ultimately, few transportation companies will be able to meet this criteria.

However, there is a new alternative way to finance transportation companies that has been gaining traction in recent years. It’s called freight bill factoring. Factoring accelerates the cash that is due to your company from slow paying freight bills. It provides the quick liquidity you need to pay for company expenses – such as drivers, fuel and repairs – without having to worry about the timing of your shippers payments.

Freight bill factoring transactions are usually structured as two advances against your freight bill. The first advance usually averages 90% and is paid as soon as the load is delivered and invoiced for. The second advance, which is the remaining 10% less the fee, is paid once the shipper pays the invoice in full. The factoring fee varies and is calculated based on the credit quality of your shippers, the size of your advances and the volume of invoices that you factor.

Perhaps one of the most important advantages of using freight factoring to finance your transportation company is that it’s easier to get than most conventional forms of business financing. Since factoring companies are funding your invoices – they view them as your most important collateral. To qualify, it’s very important that your shippers, who pay your invoices, have very good commercial credit ratings. Also, your invoices must be free of any encumbrances created by tax or legal problems.

Freight bill factoring is also very flexible. Most conventional business financing solutions , like lines of credit or business loans, have fixed ceilings. Factoring lines tend to have ceilings that are directly tied to your sales. This means that the line can grow along with your company, provided that you are selling to shippers that have solid commercial credit ratings. This makes freight factoring an ideal solution for small and medium sized transportation companies that have substantial growth opportunities but don’t have the cash flow to execute on their growth plans.

Buying a Home Getting a Mortgage From Mclean Mortgage Joe Lucas

It might be fun and exciting for being buying your first house. However do realise that acquiring a favourable mortgage approval is not a god given right. It is possible that you have found home of your dreams and not being able to obtain a suitable mortgage to try and do the purchase. To higher prepare yourself on getting a suitable mortgage it doesn’t strain you financially, they’re some things to be aware of.

Firstly, have a copy of your personal credit profile. You probably have no idea of the way look like. You might think that a past problem for a specific credit card is settled. However, your own credit report may show otherwise. When these problems arise, you will need to talk with your issuer and legal action to uncover why it is so. Lenders are particularly considering a borrower’s credit conduct. Having bad personal credit may result in outright rejection of your respective housing personal loan application or becoming offered unfavourable terms on your own housing mortgage. It is a good option to promptly repay your bad debts back then before you apply for your housing financial loan.

Secondly, lenders need to know how stable is the personal income to evaluate whether you can comfortably repay the mortgage. To guage the stability and consistency of ones own income, you will have to show your annual income going back 24 months. Your individual income can also play a role in determining the dimensions of a borrowing arrangement quantum you can pay for to borrow. A greater income means that you can afford a greater loan.

A standard practice that home buyers often make is to calculate just how much a mortgage they might afford and maximize their affordability. However, remember that there are various of costs that should be taken into consideration after you purchase a house. A mortgage payment is not all of that you have to pay for. Such things as utilities, insurance, maintenance costs, renovation loan, property taxes, etc, are costs that very first time house buyers often don’t recognize. Calculate your monthly living costs and produce a bid on the cost you will need to commit to miscellaneous stuff. Check with friends for their bills. It is far better for ones lifestyle to purchase a house you can actually afford instead of purchase a dream house that you’re going to have trouible with just to pay bills.

It really is inevitable which a first time buyer may be stressed from the house search and also the mortgage search. Being prepared and understanding important knowledge can help significantly alleviate that.

Improving The Future of Single Moms: Obama Scholarships For Moms

The US economy is going through some tough times, but there are some bright spots that should encourage you to look to the future. The government is encouraging women to go to college through Obama scholarships for moms. The opportunity is available for all mothers to get a quality education that will benefit their families and future employers. Federal aid called Pell Grants make Obama scholarships possible. The Obama administration made some changes to Pell Grants to put emphasis on getting moms to go back to school. Now Pell Grants worth over $5,000 can be awarded. That’s more than $1,000 more than the previous maximum for these grants. In many cases single mothers would be low-income students, and that’s who these grants are intended to help. That’s why the government is encouraging moms to go back to school. Money to help them enroll as college students can help both stay-at-home moms and working moms. For even more incentive, there are other benefits to encourage moms to go to college. A lot of students choose to study at large colleges and universities. For single mothers couldn’t do this, it may have prevented them from going to college. The Pell Grant, however, takes this situation into account. These special grants make it possible for a working mom to attend college part-time or a stay-at-home mom to take online courses. From nursing to business to education, it doesn’t matter what you want to study.

Single moms have more opportunity, and that’s the important part. The Obama scholarship could be the break that a single mother needs to start on a different path. Applying for a scholarship involves a few simple steps. First, go online to fill out the FAFSA, the application for federal student aid. It’s free to fill out the application, plus you can learn plenty of information about aid that is available to you. The first $4,000 to pay for your education is free according to the American Opportunity Tax Credit program so remember that. Consider this tax credit as well as the chance of getting a grant when weighing your options. Single moms who work or stay-at-home have a wonderful chance to attend college and advance their education. Government grants and free opportunities are meant to help moms care for their families and increase the money they can earn by being vital members of the workforce. Giving women the chance to improve the future for themselves and their families is what the Obama scholarships is all about.

Day Trading Timeframes – Select The Best Timeframe To Meet Your Objectives

Maximum profits in the shortest possible timeframe is generally what most traders are chasing when Day Trading CFDs. My job here will be to assist you in picking the best timeframe for your CFD day Trading goals.

How to choose the right timeframe

If you are to have any sort of success when Day Trading CFDs then you will need to use several timeframes on your charts for ideal entry conditions. Maximising your entry will stem from using a short, medium and long term chart to focus on the best entry on your time frame.

You might decide to trade off an hourly chart and use a daily and 4 hourly chart to help identify your high probability trades. CFD Day Traders need to work hard on finding the most appropriate short, medium and long term setups to ensure their success.

Locking in wins twice the size of your losses

The best traders understand how vital it is to monitor how big their wins are compared to their losses and this is commonly known as the risk and reward ratio. Most short term CFD traders fall into the trap of having a low risk to reward ratio of 1:1 or less.

Traders with a even risk reward ratio of 1 to 1 must win more than 60% of the time in order to achieve a profitable edge. A huge emphasis of late has been the promotion of Forex Robots like Forex Megadroid or FapTurbo which claim win rates in excess of 90%.

Most high win percentage trading systems have large losses which can devastate the account when they occur.

Put your focus here when Day Trading Contacts for Difference

Overtrading is one of the greatest challenges day traders face. If you are sitting in front of the computer, there is always a compulsion to want to be ‘busy’ and begin placing trades that may not meet your entry criteria.

Your focus therefore should be to look for high probability set ups that allow you to ensure your wins are at least equal to or greater than the size of your losses. Overtrading is a serious issue among short term traders and usually only serves to help line the pockets of your broker.