Investment in futures transactions are easy to understand. The periphery of the negotiation seems complex, but once you know the principles you can easily navigate to the top of the pack in More »
Every year people use informal debt management plans for resolving their debt problems. These plans often last for several years, and what alternatives would borrowers be better considering? Debt management plan has More »
Before investing you need to know what mutual funds are. These funds are professionally managed reams of securities primarily consist of stocks, bonds and money market securities. With the right sales of More »
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An IRS levy is a nightmare scenario for everyone unlucky enough to have one. A impose is a nice way of saying a wage garnishment. When the IRS has decided that they have no other alternative, they will endeavor to regain the tax you owe them by taking part of your wages. This would be bad enough if they only took 20-30 percent of what you make, but in reality, they often take upwards of 70-80 percent of what you make every pay phase. There is a specific formula they use to determine exactly how much you get back, but even if you are single with no kids, it isn’t enough money to live on.
The point of an IRS rates isn’t to doom you to homelessness; it is to get you to call them so a more even-handed way out can be worked out. Oftentimes, the only folks who permit their tax position to develop this dismal are people who have refused any get in touch with with the IRS. They have ignored phone calls, thrown away letters, and simply refused to have a word to them. The IRS tariff is a way of getting your attention. Now
Hi 20SF’ers. This will be the final post of 2009. It’s been a fantastic year (the second full year), and I’m very excited about where things are heading with the site in 2010.
20somethingfinance has grown to well over 2,000 subscribers and 50,000 monthly visits (and it keeps doubling every few months). Thanks to all who have helped build a strong community here at 20somethingfinance in 2009.
For 2009, here’s a month-by-month breakdown that includes some of my personal faves and the most commented on posts. If you’re newer to the blog, you might want to check out the best posts of 2008.
I would love to hear what your favorites were and suggestions for post topics that you’d like to see in 2010! Have a safe, happy, and prosperous new year!
January:
The Break-even-or-better strategy is designed to either (1) show a profit for the year or, (2) at least, show no loss.
How:
A portfolio invested in 1 year Treasury bills, purchased at a discount and
maturing at face value provides the cash, through the interest earned, to purchase (hopefully) attractively priced options.
Results:
Best case: If an investor is good at picking the right options on the right stocks
that rise or fall a good distance during the life of the options, the profits
can be significant. And the investor gets to reinvest the interest.
Worst case: The interest earned on the maturing Treasury bills offset the option losses (break-even).
Advantages:
Leverage and truncated risk (no margin calls; no short squeezes). No fuss, no muss.
Heads you win, tails you break even.
Sort of like visiting a casino that pays off if you win or returns your bets if
you lose.
With Congress passing legislation to reign in some of the worst credit card abuses, credit card companies have been scrambling to get their terms and conditions, also known as the card contract, changed to terms more favorable to them before the new rules take affect. By changing your credit card agreement before the new credit card law takes affect, these card issuers can avoid having to play fairly as dictated by the new rules. However, this can mean bad things for customers and credit card account holders. Apparently, the banks aren’t concerned about losing business, because they are modifying terms on credit accounts left and right regardless of the person’s credit score or credit history. What can the average credit card customer do to fight back? Unfortunately, not too much, but there are some things that you can do to keep the credit card companies from cheating you out of your hard earned money.
Under the old law, whenever a bank wanted to increase the interest rate it charged customers, it just sent out a letter saying that they were changing raising the interest rate. Con
Understanding the art of patio cleaning using a pressure washer effectively and in such a manner that the patio is properly and thoroughly cleaned can require a bit of skill and knowledge. Patios, which many people have in their backyards, are not exactly a great do-it-yourself project, though for those willing to try, it can be done.
Many people try to clean their patios through scrubbing and washing down with a hose and a cleaner. Eventually, they get tired of the sheer backbreaking effort needed to thoroughly clean patio stones or wooden surfaces and the cracks and crevices where slime and moss can develop and run out and buy a pressure washer.
It’s also important to note that the best pressure washers all make use of commercial-grade boilers to heat their water to extreme temperatures. These hot water pressure washers are the best when it comes to patio cleaning, but most people wouldn’t want to spend the money needed to get a really good cleaner. Mos