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Articles Archive for May 2006

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[18 May 2006 | No Comment | 555 views]

It’s Wednesday April 5, 2006, the first quarter of the year has ended and institutions have been shifting their funds around because its that time of the year. Some of the big movers are in the financial industry such as Goldman Sachs (NYSE: GS), since January of this year the stock has made tremendous movement from the $127.00 range to where it closed on Tuesday at $161.00. This is a company that is still trading about 30 to 40 points below where its potential is, bare in mind that Investment Banking, mergers and acquisitions are in full swing, and this is where they make their big money. Another company is Lehman Brothers (NYSE: LEH) they have jumped from the $128.00 range in January to $147.13 where it closed on Tuesday, for the same reason as Goldman Sachs and the stock still has legs to make further movement.
Merrill Lynch (NYSE: MER) …

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[18 May 2006 | No Comment | 599 views]

Are you new to trading? Perhaps you wonder what the difference is between trading Stocks and trading Futures. Often when I meet someone new who inquires as to what I do, I get a response of “that’s like trading stocks, isn’t it?”
In some ways they are similar, but only minutely so. So let’s consider some of the major differences between the two.
Most individuals have likely traded stocks at one time or another. Usually, it is to buy in order to ‘own’ a percentage of a particular company or to liquidate such partial ownership. They pick up a phone to call a broker or go online to purchase or sell. The order is facilitated through an ‘exchange’, such as the New York Stock Exchange for example.
Buying and selling Futures is similar in this respect. You can call a broker or go online to buy or sell Futures contracts. The order is …

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[18 May 2006 | No Comment | 678 views]

If you’re in the unfortunate position of having to make a claim on your critical illness insurance policy, the last thing you want is insensitive hassle or apparent non co-operation from your insurer. But according to numerous newspaper articles, that’s precisely what’s happening. The core problem is that before they’ll pay out, the insurer will always want to make exhaustive enquiries about your past health record. Whilst you’ll have provided them with lots of similar information when you initially applied for the cover, the insurers will now insist that all the information is rechecked. And if at the time you said you weren’t a smoker, they’ll now want this verified by your doctor.
The reasons are obvious. They’re faced with a big claim, typically way over £100,00, and they want to be certain that you told them the entire truth about your health when you first applied. This means that now …

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[18 May 2006 | No Comment | 682 views]

Of course, no-one likes to think that they or someone that they love might become seriously ill. However, according to statistics about a fifth of all adults in the UK will become critically ill before they reach retirement age. Critical Illness Cover allows people to protect themselves if the worst should happen by providing a financial safety net for them.
What is Critical Illness Cover?
Critical illness cover is an insurance product that pays out a tax free lump sum to policy holders who become seriously ill whilst they have cover in place.
The Benefits of Critical Illness Cover
Critical illness cover protects against a wide range of common illnesses that often result in victims becoming incapacitated. People who fall ill from these diseases frequently need expensive and on-going medical care.
By taking out critical illness cover, you can ensure that you will be able to pay for the medical treatment that you will need …

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[18 May 2006 | No Comment | 366 views]

At last, a real life insurance bargain – but as always there are strings attached!
If you take out a new pension policy after 6 th April 2006 and within the same premium pay for life insurance cover, then you can use your pension contribution tax allowance to reduce the cost of your life insurance. This means if you’re a standard rate taxpayer, you’ll receive 22% tax relief on your life insurance premiums and relief at 40% if you’re a higher rate taxpayer.
The combined premium you pay for your pension and life insurance will automatically be reduced by 22% by the pension provider. But if you’re a higher rate taxpayer, you’ll need to claim the balance to bring your relief up to 40%, on your year-end self-assessment tax return.
But there are three strings attached:
• The pension company must also provide your life insurance and be paid as one combined premium.
• The …

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[18 May 2006 | No Comment | 387 views]

Whether you receive car insurance quotes from phoning companies directly or browsing their web sites it makes no difference. However, it is often much quicker to find many free auto cheap insurance quotes online.
Before actually committing to a particular automobile insurance company it is wise to lay out your needs first. Motor car insurance is there to protect you and your family from possible financial ruin. It is to cover your costs in case of a catastrophic occurrence. It is not only there to pay for the repair or replacement of your car, but for any medical or hospital bills that may become necessary.
There are many things to consider before taking out an auto cheap insurance policy. One thing to think about is the amount of your deductible. A higher deductible can save you a little on your premiums, but it may end up costing you more if you are …

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[18 May 2006 | No Comment | 734 views]

If you are in the market for an affordable life insurance policy, a term life insurance policy is the best value for you. Not only is term life insurance the least expensive kind of life insurance, but it also allows you to determine how long you want to be covered. These features make term life insurance policies the best policies for the type of coverage they offer.
Term life insurance policies do not include some of the “perks” you will find with whole life insurance. For example, whole life insurance policies may offer guaranteed cash value accumulations and retirement savings plans, but they are also more expensive because of these additions. Term life insurance policies cover you for the duration of the time period you choose, and they cover you with life insurance—period.
Term life insurance policies are perfect for people who are just starting out in the work force and do …

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[18 May 2006 | No Comment | 434 views]

Is Florida going pink? If Senator Mike Fasano, of New Port Richey, Florida gets his way many Florida residents just might be. Late last year, Senator Fasano filed a bill that would require DUI offenders to drive with bright pink licenses plates bearing the letters DUI. “Maybe it will embarrass people and keep them from drinking and driving,” Fasano said. “Maybe they’ll think twice.” This proposed bill also has a provision that allows police officers to pull over and check on the driver at any time, without probable cause. If passed, Florida will join Ohio, Iowa and Minnesota, all with similar laws in place.
Currently, Ohio has one of the strictest DUI laws in the country. Ohio DUI offenders are issued yellow plates with crimson-numbers. These plates are issued at a judge’s discretion to people with more than one DUI conviction and restricted driving privileges.
Many feel this punishment is a reflection …

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[18 May 2006 | No Comment | 811 views]

With gas prices heading higher each year, many people are looking for resourceful ways to save on fuel, such as taking the bus, the train, riding a bike or car-pooling to work. Yet even with these money-saving tactics, drivers are still paying for full auto insurance coverage on their vehicles.
As we all know, there are some corners that just can’t be cut. Or so we think! Many auto insurance companies are starting to consider a new insurance program that would offer consumers a discounted rate for reduced car usage. In fact, some insurance providers are already offering trial programs.
One big supporter of this new program is the Environmental Defense, anorganization currently promoting a Pay-As-You-Drive Insurance (PAYD) program to auto insurance companies throughout the United States. This innovative concept would link insurance policies to an odometer rather than just a renewal date on the calendar.
According to the Environmental Defense, PAYD would …

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[18 May 2006 | No Comment | 384 views]

Is Travel Insurance Really Necessary?
Travel is already expensive enough, isn’t it? The cost of air fare, cruises, hotels, ground transportation, food and activities and entertainment are already high enough. I don’t know about you, but I work hard for my money, and when I travel, I want to keep as much of my money in MY pocket as possible. Is travel insurance a necessity or a luxury? Why not cut a few corners here and there. Why buy something if it’s not really needed?
My personal answer is, of course, that I am not independently wealthy and can’t withstand the potential financial losses I would incur if I require medical care while I’m traveling. Not being independently wealthy also means that I’m in the market for adequate but cheap travel insurance. I suspect that you are in the same position, so you, too need cheap travel insurance. If you’re still not …