Archive for December, 2007
Insurance fraud trends
Insurance fraud trends seem to be running in the vein of the insurance business. Policy holders, agents, insurers all are scamming others. IMO, it’s more important to understand its impact on the global insurance scenario than considering the isolated cases.
Insurance frauds can no longer be considered as the small and petty crime. Scammers now operate in the most advanced and organized form, involving entities like-health care units, lawyer’s office, business giants, body shop owners and so forth. The incidents ain’t rare where a doctor is ready to write a false certificate for the bodily injuries…..mechanics ready to inflate the repair bills in order to skim more money from the insurer.
It seems that dishonesty have engulfed the whole society. And the law enforcement authority’s inability to unearth most of these events is allowing the fraudsters to go scot-free with their booty.
Auto Insurance for Teenage Drivers
Introducing the teenage driver to the auto policy will definitely hike its rate. And, sorry, there is no short-cut to avoid the price change. But the following ways may help you to control it to some extent.
Normally the cost of including the teenage girl to the auto policy is not maddening high like including a boy. The premium for a teenage male driver is much higher than that of the young female driver.
There are discounts available for good grades. And it is available with most of the insurer. If you can manage to maintain good grades through-out your educational career, your parents can enjoy some discounts for it.
Try to manage a separate policy for you. When you have the license on your name you may not face problems in obtaining a personal auto policy. Do a bit of research yourself, to check out the prices. Shopping around helps most of the time if not always.
You can also ask your family to purchase you a policy for the cheapest car amongst the three. Dropping the collision and comprehensive coverage on the car is also a good idea if the car is sufficiently old.
How to Spot Market Trends
Which Is The Fastest Indicator To Spot The Beginning Of A New Trend
which is the fastest indicator to detect a new trend. I was using MACD but I realize that it conflicts with other indicators like RSI most of the time. Any other one?
Answer:
The indicator (if you’re looking for just one to simplify things) that reveals to you visually when a Market is slowing down, making lows and positioning for a reversal would have to be the “Simple Oscillator”. Use the Oscillator Bars instead of the Line and post your Oscillator “on” your screen (behind your candlesticks), do not post it on the bottom pane. Use this indicator on your 30 min. & 1 Hour Charts. Here’s how to work it. Let’s say the Market you’re following is dropping. Wait for the Simple Oscillator bars on your screen to touch down to the bottom of your screen from the “0″ line and then they begin to move back up, shortly afterward, the Market will do the same. It to will touch down to the bottom of your screen an then begin to trade back up – this is where you get in. This Oscillator when placed “on” your screen (behind your candlestick’s) will show you just how low the Market will touch down to the bottom of your screen before the Market actually does so. Reverse, of course for an uptrend. Sometimes both the Oscillator & the Market will move in tandem, but the Oscillator is usually just ahead of the Market & oftentimes it is days ahead of the Market on the 30 min. or 1 Hour frames. Try it on a 5 min. chart to get the feel of it. But please, please, please be aware of the Momentum for the particular Market which you are following. Lately I’ve been combining this Indicator with the Parabolic SAR.
Forex tips on how to trade in the forex
Are you playing with money you can’t afford to lose?
Forex tips 1
Start with an amount you’re not afraid to lose and just make the move. Learn to separate your emotions from the money. This isn’t something that you can just do with a flick of a switch. It might take some practice.
Forex tips 2
Not sure how the following story will relate to forex, but with poker I was afraid to bluff in certain situations. As a result I had a leak in my play that was preventing me from obtaining those needed pot wins. So for a solid week, I played without even looking at my cards. I bet and raised solely on my position on the table as well as my chip advantage over other players left in hands. And here’s the kicker, in a 45 man tourney I had placed fourth which pretty much rendered my week a profitable success. And my fear of bluffing was gone. With that negative emotion removed from my game I was good to go foward and have enjoyed profits since.
Cheap Effective Marketing
I recently read an article on a woman who wanted to grow her business, but did not have much money to spend for advertising or marketing her business. Thus, she came up with the following ideas.
She discovered a printing company that offers free custom printed postcards with paying shipping only. She has her web address printed on the cards. Then, she hand writes, “check it out – mention this card for a discount” before mailing them to addresses that she receives from local online property tax office.
Tips for creating successful sales letters
Talk About Your Customer, Not Yourself
The most off-putting word in a sales letter is “I” and the most effective word is “you”. Never begin a letter with “I” because chances are the reader won’t get to the second word. It all comes down to selling benefits — your prospects are not interested in the features of your products services, but in what how your products or services can benefit them. Change “I can train your service reps in the latest satisfaction techniques” to “Your customer complaint ratio will drop by training your reps in the latest customer satisfaction techniques”.
How to Choose a Business Name
Name for business is more important, try a name contains a special meaning related to your business, when ever people thought on it they’ll think on your business and you company’s services. Brainstorming with friends. Try to come up with a name that is distinctive and memorable. If possible, it should be evocative of an image you want for your business, though many of those are probably taken and some are too common to be distinctive.
How Much Money Will You Need to Retire?
A million dollars sounds good but who honestly knows with inflation and health care expenses. It is hard to come up with a dollar amount now, since my wife and I are only in our 30’s. It would have to be enough to live comfortably on, taking 4% of the amount saved and figuring inflation, etc. Retirement is not just an age. It is a state of being retired from work. That is why everyone must be fully financially prepared for their retirement.
How to keep paying the credit cards
I have some credit card debt totalling 6,000, I also have a retirement fund i accrued from my previous employer totalling 8,000 the question is to keep paying the credit cards or to withdraw the retirement fund to pay off the cards.
Answer:
Withdraw those retirement funds. The taxes and penalties will reduce it enormously – you probably won’t even have enough left to cover the 6,000. Once that money is taken out, you can never replace it. You’ll have to start over. You’ve got a great start to your retirement savings there. Tax deferred gains will continue to snowball. Reduce your spending to eliminate this CC debt. Perhaps work OT at work or pick up a side job until it is gone.
My best advice would be to pay off the credit card debt really quickly. You need to treat this as an emergency situation. You need to cut all your costs and make sure you pay off at least 1000$ a month.
Using Credit Cards Wisely
I believe the downside is the very negative effect on one’s credit record and score due to a relative high average monthly balance on credit cards. Its about personal priorities.
I have recently discovered a benefit from using my credit cards. We all know that some credit cards offer cash back rewards for purchases. We also know that they give around a 25-day grace period for purchases before interest begins to accure. I have been using these two facts to my advantage. I charge all my gas, grocery, and even some bills to my credit card that offers 1-5% cash back depending on the purchase type. Therefore, all my everyday expenses automatically become slightly cheaper, resulting in stretching my money further. Another way this results in a little extra money is that the temporary “float” of the money I would have used toward these expenses is put into an interest-bearing account. In effect, delaying this month’s expenses until next month. This constant “float” allows a month’s worth of expense money to accure interest (currently 3%).