Stock Investing Guide

On Friday the Fed began a two-day gathering for finance ministers to discuss banks and competition. Ben Bernanke made statements that the US central bank will keep watch on the risks that go along with low interest rates. It was announced that the US had its largest budget surplus in five years in April. The Dow continued to push its record and the major indices all tallied a third consecutive week of gains. Dell (DELL) received a bid from Icahn on Friday but there was some skepticism about the proposal. Expedia Inc. (EXPE) rose 5.2% after rival Priceline.com Inc. (PCLN) reported Q1 earnings that beat expectations. The dollar reached a four-and-a-half-year high against the Japanese yen while gold futures declined and saw a 2% loss for the week.

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0 by Georgi Kamburov May 6, 2013 0

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Do Not: Make Major Purchase of Any Kind

Any major purchase that would create debt of any kind, such as buying a car, furniture, appliances, electronic equipment, jewelry, vacations, or expensive weddings.

Do Not: Move any Money Around accounts

Lenders review loan packages for approval, and one thing they are concerned with is your source of funds for your down-payment and closing costs. You will be asked to provide statements for at least the last two or three months, which includes checking accounts, savings accounts, CD’s, mutual funds, etc.

If you have been moving money around, the mortgage underwriters will likely require a reconciliation of the paper trail of all withdrawals and deposits. They may also require you to produce cancelled checks, receipts, and other minor information that can become time-consuming.

They are not trying to make your life harder, they are only doing their jobs to ensure quality control and eliminate possible fraud – most underwriters must document the source of all funds. So,

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Posted by Connor Dartnell | Tags: Buying, Buying Closing

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Americans like to help. In fact, total charitable contributions by individuals, corporations, and foundations was an estimated $298.42 billion in 2011, up 4% from 2010, according to a report from the Giving USA Foundation and the Center on Philanthropy at Indiana University.

Unfortunately, there are people who try to profit from tragedy. In 2009, the FTC launched the “Operation False Charity” initiative in conjunction with Attorney General offices and law-enforcement departments nationwide in order to crack down on “fraudulent telemarketers claiming to help police, firefighters, and veterans.” If you feel that you have been defrauded, you can file a complaint with the Federal Trade Commission.

Despite growing awareness and prosecution, however, the dust had hardly settled on the Boston Marathon bombing sites when reports appeared of fraudulent charities purporting to help those wounded in the attacks.

Tragedy and charities do go hand-in-hand, and it always feels good to help someone hurt in an act of God or act of terror, but it’s important to keep yourself  —and your bank account— safe in the process

Hang up that Phone

The first way you can keep from being scammed by a fraudulent charity is to never, ever, ever donate money over the phone. The Federal Tr

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Hello All,
We had a mixed day leading into Bernanke’s speech, and at the end of the day we didn’t receive any new data.  A third round of stimulus is to be discussed in the upcoming FOMC meeting on the 20-21st, and ultimately it will depend on whether the Euro tanks before then.  Trichet’s speech early this morning was of caution with respect to the euro zone’s economy growing more slowly than had previously been expected, stating that the central bank see’s “significant downside risks” in an environment of “particularly high uncertainty.”  Given the breakdown to my 1.3870 target i mentioned in Tuesdays report, the door is now open to test the 1.35/1.36 region within the next two weeks.  Keep in mind that we have currency option ex tomorrow, so we may get a quicker than anticipated slide or we will teeter around 1.40 until next week.  On the energy front, Crude is running into major resistance at the $90 level, and if Europe unravels at the seems I still anticipate prices to go back below $80.  DOE data reported a draw of 4 million barrels of crude, with gasoline inventories rising 200k barrels.  And Full Article…

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