Friday 2 September 2011
Share tip of the year...
Drilling next to the big boys, ooohh check out them deeps, 12-18mths sky rocket to the moon baby......
Max Petrol Market Data
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Understanding the jargon....
Banks
ATM Posh word for cash machine or hole-in-the-wall.Libor Very en vogue thanks to the credit crunch, it's the rate at which banks all lend to each other for commercial activities such as mortgage lending. When Libor rises, the cost is felt by everybody.
BACS The electronic payments system
Individual voluntary arrangement (IVA) Better than bankruptcy, it's a five-year debt repayment programme organised between you, your creditors and a middleman. You can wipe out up to 40% of your debts - but your credit record will suffer.
CCJ A county court judgment is a stigma that invites costly credit and higher fees. Sticks to you for six years. Ouch.
Pensions
Additional voluntary contributions (AVC) A pension top-up offered to staff lucky enough to be members of occupational schemes. Largely dying off, along with the gold-plated final salary pension.Sipp The self-invested personal pension offers bells and whistles such as a huge choice of investment options. Not for the faint-hearted.
Insurance
No claims discount (NCD) Money off for good behaviour. Car insurers offer discounts of up to 55% off your monthly payments. You can now even build in protection for your NCDs into the premium - at extra cost. Go figure.Savings
Isa The individual savings account offering an annual tax-free allowance of £7,200 to divvy up between the stock markets and cash. Isas have superseded Tessas and Peps.AER The annual equivalent rate of interest on your account that shows what you'd get by year-end if you left your cash alone and let any interest, added during the year, be compounded. Crucially, it removes the effect of bonus offers that make the account appear very juicy but then disappear after a few months. Banks like it because it reflects the very best rate of return you could get.
Gross What your money will earn, pre-tax, in the bank or building society.
Mortgages
Loan-to-value (LTV) The value of your house relative to how much you're borrowing against it; the lower the better, since you end up paying more for riskier loans.Higher lending charge This is insurance you have to pay to protect your lender in the event that you default and it has to sell your home for less than the mortgage. Avoid like the plague if you can.
ASU Accident, sickness and unemployment cover that pays out for up to 12 months if you can't work. Buy it cheaply as a standalone policy from a broker, not from your lender.
Early repayment charge A hefty fee for bailing out on your mortgage that stops mortgage tarts switching to the best deal every few months.
Mortgage exit administration fee (MEAF) Just when you think you've got shot of the mortgage, there's a sting in the tail: lenders often charge this controversial fee of up to £475 for closing down your mortgage account.
Investments and the stock market
Guaranteed growth A fund that promises a cast-iron return - but only on part of your capital. It tries its best to maximise returns on the rest but can end up losing you money.Collateralised Debt Obligation (CDO) A toxic traded security backed by a mishmash of other assets, usually bonds, loans and derivatives. These played a big part in the credit crunch as financial institutions bought and sold CDOs without knowing what was really bundled up inside them.
EBITDA Lets you compare, over time, a company's profitability before the distorting effects of depreciation, amortisation (fall in value of intangible assets such as a brand name), interest and tax.
Earning per share: A measure of how much profit a company is making for its shareholders. Changes in EPS are tracked by analysts to assess performance of companies. If EPS is on the rise, you're on to a winner.
Initial Public Offering (IPO): Fancy technical name for floating a company on the stock exchange.
FTSE The most widely quoted indices for tracking the London stock markets. It's part sponsorship by the Financial Times newspaper, hence the name.
The FTSE-100 The big one in London. It contains the 100 most highly capitalised blue-chip companies.
Open-ended investment company (Oeic) Yes, it's pronounced "oik", but comparisons end there. Oeics are simply investment funds whose eponymous open-ended status means that investors buy and sell portions of the fund which grow or shrink, though it has a single price which is linked to the value of its underlying investments.
Endowment Nothing to do with the masculinity of City traders, this is a form of mortgage which was tainted by scandal as they were too often mis-sold by commission-hungry mortgage advisers from the 1970s on. And they're still controversial: it's essentially a savings vehicle, investment policy and life cover all wrapped into one.
Price/Earnings (p/e) ratio
A mathematical-sounding term that expresses how cheap - or expensive - a company's share price is. The p/e ratio is calculated by dividing the earnings per share figure (see above) into the share's market price. For example, if a company has earnings per share of 35p and the market price is 500p, the p/e ratio is 14.3 (500 divided by 35). The higher the PE ratio, the higher the expectations for profit and dividend growth from the City.
Regulators
FSA The overarching Financial Services Authority regulates the City and all its players, while keeping mortgage lenders and insurers in check too.Financial Services Compensation Scheme (FSCS) This bails out investors if a company goes under, but it has strict limits on what the investor gets back.
Borrowing
Annual percentage rate (APR) The overall cost of borrowing for comparison purposes, including interest and other fees.Equivalent Annualised Return (EAR) This is the figure quoted when you're borrowing money for an overdraft. Watch out for the sting in the tail: it doesn't include fees you'll pay - just how much your borrowing will cost if you remain overdrawn for a year.
Monday 13 September 2010
10 Things You Don't Need
How To Save Money: 10 Things You Don't Need : Times are tough, but saving money isn't. Just decide what you can do without. Here are 10 common but unnecessary purchases you don't need.
Step 1: Credit Card Protection Plans
They promise to make minimum payments if you lose your job. But they add a significant amount to your monthly bill- money better spent paying down balances.
Step 2: Commercial Grade Appliances
Americans are eating out more than ever, and an inexpensive microwave heats take-out quite well.
Step 3: Detox
Teas, colonics, even Japanese foot pads claim to detoxify your body. Your liver and kidneys do that for free.
Step 4: Jeans
The average American woman owns 8 pairs or more. Even at 75% off put them back.
Step 5: Kleenex Box Covers
Research has shown tissue works fine without a cover.
Step 6: Gag Gifts
Gag gifts are only funny once. And they're not even that funny. No refunds. Same goes for cutesy knick-knacks.
Step 7: Air Fresheners
If your house stinks, clean it. That should take care of the odor.
Step 8: Satellite Navigation
The vast majority of drivers know exactly where they're going. If you don't, online directions are free.
Step 9: Big Box Bulk
If you don't use it, it's not a bargain. It's a waste.
Step 10: Home Exercise Equipment
Most of it ends up unused, and there are far cheaper ways to hang up wet socks.
How To Save Money: 10 Things You Don't Need : Times are tough, but saving money isn't. Just decide what you can do without. Here are 10 common but unnecessary purchases you don't need.
Step 1: Credit Card Protection Plans
They promise to make minimum payments if you lose your job. But they add a significant amount to your monthly bill- money better spent paying down balances.
Step 2: Commercial Grade Appliances
Americans are eating out more than ever, and an inexpensive microwave heats take-out quite well.
Step 3: Detox
Teas, colonics, even Japanese foot pads claim to detoxify your body. Your liver and kidneys do that for free.
Step 4: Jeans
The average American woman owns 8 pairs or more. Even at 75% off put them back.
Step 5: Kleenex Box Covers
Research has shown tissue works fine without a cover.
Step 6: Gag Gifts
Gag gifts are only funny once. And they're not even that funny. No refunds. Same goes for cutesy knick-knacks.
Step 7: Air Fresheners
If your house stinks, clean it. That should take care of the odor.
Step 8: Satellite Navigation
The vast majority of drivers know exactly where they're going. If you don't, online directions are free.
Step 9: Big Box Bulk
If you don't use it, it's not a bargain. It's a waste.
Step 10: Home Exercise Equipment
Most of it ends up unused, and there are far cheaper ways to hang up wet socks.
Saturday 4 September 2010
Online shopping has been a feature of online life since the late 1990s and has now become commonplace. According to a recent Pew survey most internet users (93%) have at one time or another done something related to ecommerce. They have used the internet to research products and services, make purchases, book travel, trade stocks, or participate in auctions. On any given day, more than a quarter of internet users (26%) are doing something online related to e-commerce.
lower online and sales tax is seldom an issue. Sometimes you even get free
shipping.
Online merchants will often offer special incentives to get people to shop
online. These specials aren’t widely publicized; you have to be at the right
place (website) and the right time to hear about them. Fortunately for us there are several websites that track online deals:
CoolSavings.com
Save your precious time and watch the dollars add up at CoolSavings.com. Gone are the days of searching through newspapers and clipping coupons just to save a dime. Thanks to our exclusive list of hundreds of printable grocery coupons, you save with every click. Simply browse through our constantly updated choices on the Printable Coupons page, check the ones you want, and click “print now.” You’ll enjoy immediate access to special rebates and promotions, as well as insider discounts to major online retailers, department stores and more when you take advantage of their FREE registration.
DealCoupon.com
Back in 1997, dealnews started as a couple of friends hunting for good deals on cool technology gadgets, computers and electronics and then sharing that information to more friends on the dealnews website. They’ve since grown to include a large professional writing and editing staff, numerous web-savvy engineers and designers, and more. However, the core reason for what they do hasn’t changed. They love getting a great deal on really cool stuff and want to share with others.
Dealhack.com
This website was born out of a conversation one day about how the Internet is changing our lives–how we work, how we communicate, how we learn and definitely how we buy things. Yet despite the advances of the web and the promise of comparison shopping, finding the lowest prices on products is still often hit or miss. And it’s usually pretty time consuming. They constantly monitor the web, looking for unannounced sales, store specials, and the most economical prices on the hottest products. We seek out the latest and most compelling online bargains and bring them directly to you.
CouponChief.com
Coupon clipping has gone digital! Armed with “coupon codes” you’ll be able to save a bundle the next time you’re buying anything online, for both products and services. Most online retailers now include a field to enter a promotional or coupon code during the checkout process. Some typical discounts might look like “10% Off your order” or “Free Shipping on orders over $25″. During checkout, look for the special box that says coupon or promotional code. Enter the code provided by this website and experience instant savings.
- 81% of internet users have used the internet to do research about a
product they are thinking about buying, with 20% doing this on the typical day. - 66% of online users have purchased a product online, such as books,
music, or clothing, with 6% saying they do this on the typical day. - 64% have bought or made a travel reservation online, such as an airline ticket, hotel room, or rental car, with 4% doing so on the average day.
- 26% have participated in an online auction, with 3% doing this on the
average day. - 17% have paid to access or download digital content, such as a newscast, sporting event, or radio show; some 4% do this on the typical day.
- 11% have bought or sold stocks online, and just 1% do this on the average day.
lower online and sales tax is seldom an issue. Sometimes you even get free
shipping.
Online merchants will often offer special incentives to get people to shop
online. These specials aren’t widely publicized; you have to be at the right
place (website) and the right time to hear about them. Fortunately for us there are several websites that track online deals:
CoolSavings.com
Save your precious time and watch the dollars add up at CoolSavings.com. Gone are the days of searching through newspapers and clipping coupons just to save a dime. Thanks to our exclusive list of hundreds of printable grocery coupons, you save with every click. Simply browse through our constantly updated choices on the Printable Coupons page, check the ones you want, and click “print now.” You’ll enjoy immediate access to special rebates and promotions, as well as insider discounts to major online retailers, department stores and more when you take advantage of their FREE registration.
DealCoupon.com
Back in 1997, dealnews started as a couple of friends hunting for good deals on cool technology gadgets, computers and electronics and then sharing that information to more friends on the dealnews website. They’ve since grown to include a large professional writing and editing staff, numerous web-savvy engineers and designers, and more. However, the core reason for what they do hasn’t changed. They love getting a great deal on really cool stuff and want to share with others.
Dealhack.com
This website was born out of a conversation one day about how the Internet is changing our lives–how we work, how we communicate, how we learn and definitely how we buy things. Yet despite the advances of the web and the promise of comparison shopping, finding the lowest prices on products is still often hit or miss. And it’s usually pretty time consuming. They constantly monitor the web, looking for unannounced sales, store specials, and the most economical prices on the hottest products. We seek out the latest and most compelling online bargains and bring them directly to you.
CouponChief.com
Coupon clipping has gone digital! Armed with “coupon codes” you’ll be able to save a bundle the next time you’re buying anything online, for both products and services. Most online retailers now include a field to enter a promotional or coupon code during the checkout process. Some typical discounts might look like “10% Off your order” or “Free Shipping on orders over $25″. During checkout, look for the special box that says coupon or promotional code. Enter the code provided by this website and experience instant savings.
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