18May 2013

New free zone will strengthen UAE

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Change is becoming the norm on Abu Dhabis Al Maryah Island. First, starting in 2007, a bumper crop of imposing new buildings sprouted and climbed on the island, just a bridge away from the capitals Tourist Club area. Then, a year ago, its name was changed, from Sowwah. And now comes the news, both expected and welcome, that the island will house a new, independent financial free zone.

As The National reported yesterday, Februarys federal decree on the subject has now been fleshed out with legal and organisational details setting up Global Marketplace Abu Dhabi, which will have its own rules for investors, registrar of companies, commercial courts and more, all overseen by a new Financial...

17May 2013

Which schools’ former players are making the most NBA money?

Which programs are producing the most gross at the pro level? USATSI

If youre going to measure success of colleges boasting former players in the NBA, dollars earned is certainly one way to do that.

Collegespun.com did the long arithmetic and identified which schools are seeing their former players bring in the most money. Its a valid inquisition, because this kind of stuff absolutely means a lot to players as they decide on where to go. Not every 17-year-old, Division I-bound kid is fixated on his path to the NBA and the money that he could eventually make, but plenty are.

And with the NBA playoffs in full bloom,...

16May 2013

Here’s what you need to do to make sure you qualify for a loan – Philly.com

People have always had credit problems, says Dave Erickson, president of Grayhawk Homes Inc., Columbus, Ga. But now, after the recession, problems are more common, plus the standards for getting a mortgage are more stringent.

Some hoping to buy now have faced serious financial traumas like foreclosure, and lending rules prescribe that they must wait before purchasing.

Easy fixes

When customers first visit, they come for a pre-approval, says Joe Parsons, a senior loan originator with PFS Funding, a Dublin, Calif., mortgage banking firm.

Real estate agents arent going to take a buyer home-shopping unless the buyer is going to be able to get a mortgage, so they want...

16May 2013

Asset allocation holds key to returns

My grandparents always believed property and gold were the two best and only investments one needs to possess. Havent we heard this many a time, especially from senior people who have disposable income, but keep buying more properties?

Sometimes, these people even consider taking loans at 60 years of age to acquire a property for their golden years. Why? To earn a rental income as a source of retirement inflow?

Nothing can be further from the truth on the myth about real estate and gold being the best investment avenues.

In fact, there is NO best investment avenue today, since all asset classes perform differently at different market cycles and have all experienced being...

16May 2013

Money Mermaid Issues a To-Do List on How to Prepare for the Unexpected

Los Angeles, CA (PRWEB) April 15, 2013

Long term personal finance can begin at a young age, and by saving and preparing for the future, it could prevent financial ruin. To help you plan, Money Mermaid offers a to-do list to prepare for an unexpected event.

On April 13th, 2013, ESPN stated the the Los Angeles Dodgers and San Diego Padres engaged in a brawl when a batter charged the pitcher, Zack Greinke, after being struck by a pitch. Greinke suffered a broken collarbone in the melee and will be unable to play for a few months. While Greinke is a well-paid baseball player, what if this injury happened to a recreational softball player? An injury, illness, or the loss of a job could...

15May 2013

Thiel Brings Money and Some Credibility to Europe

TransferWise, which was founded in 2011 by Taavet Hinrikus, a 31-year-old Estonian who was Skype’s first employee, helps people to make international money transfers between currencies at a lower cost when compared with the fees charged by big banks.

Mr. Hinrikus and his co-founder, Kristo Kaarmann, a former management consultant, started the company after growing frustrated after losing around 5 percent of their salaries to bank charges when they moved money between Estonia and Britain.

TransferWise says it has helped its customers to make foreign exchange transfers totaling a combined $160 million, and there are plans to almost double the number of currencies it supports...

15May 2013

Millennials are tech savvy, tightfisted savers – USA Today

This year the Dow finally broke through the 14,000 barrier for the first time since October 2008, but no thanks to the risk-averse Millennials.

The Millennial generation, which ranges in age from 18 to 34, has been raised during the stock market crash and the Great Recession. No wonder two-thirds of them save the cash left over from their paychecks and 18% of them pay off debt, according to a study by market research firm Lab42, out Tuesday.

Most of their debt is credit card and student loans. Although they are considered responsible, its unclear how well they will manage debt as they take on mortgages and other major loans, says Gauri Sharma, CEO of Lab42.

And its also...

15May 2013

How to Get $10000 Fast Cash on Bad Credit Loans No Collateral

Los Angeles, CA — (SBWIRE) — 05/06/2013 — With the current harsh economic times, most people are hardly saving leave alone having some amount to invest in property. This has been acting as a barrier for such people when applying for loans since lenders have been insisting on security in form of collateral. On this new offer by iloanswithbadcredit.com, there will be no pledging collateral and this will allow a huge number of applicants to get considered.

Another good feature with these bad credit loans no collateral is the speed at which the cash is sent to the applying individual. This is done in a matter of hours and can even take just a couple of minutes where the amount...

15May 2013

New MU Program Helps Graduating Students With Debt Management

Edited news release from University of Missouri:

COLUMBIA, Mo. April is National Financial Literacy Month. In order to help students manage debt after graduation, the University of Missouris Student Financial Aid office and the Office for Financial Success (OFS) are launching a new counseling program that provides one-on-one counseling sessions for students. In the programs first two weeks of operation, approximately 500 students have scheduled appointments.

As spring commencement approaches, we often get a lot of questions from graduating students about their loans and how they will repay them, said Nicholas Prewett, director of financial aid at MU. Exit counseling is a federal...

15May 2013

Greening your Startup: The Argument & The Way Forward – CSRwire

By Anisha Sekar

When it comes to business, going green is not as easy as it sounds. There are a lot of barriers a company must overcome and for most businesses, the conundrum is between helping the environment and hurting their business.

In 2009, a Wells Fargo and Gallup Small Business Index survey found that nearly 70 percent of business owners did not believe that customers were willing to pay more for goods or services that were environmentally friendly, up 37 percent from April 2007. However, 90 percent of business owners in 2009 said that they participated in recycling or switched to more environmentally friendly products.

So while there are challenges to building...