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Micro Loans – An Alternative For Personal Loans

Micro Loans – An Alternative For Personal Loans

Micro loans are a relatively new financial instrument and asset class, if you will, of their own. These are focused on both individuals and companies, and essentially provide them access to immediate loans with which they can use to invest however they see fit. But what they are, how do they work and how can they be effectively managed, to get the right benefit from personal financial management. What are micro loans and how do they work? Micro loans are loans that…

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You Need An Emergency Fund

You Need An Emergency Fund

Once we have a personal budget and we have adjusted our expenses, our next mission is to create an emergency fund. The Emergency Fund is an amount of money saved in an account or deposit that is available and that we will only use to cover these expenses that arise unexpectedly. In our day to day we encounter unforeseen situations. We crash the car, we have to replace the washing machine, we get sick, we lose our job etc… All these situations are costly and…

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Gold Settles Flat After US Payrolls Data

Gold Settles Flat After US Payrolls Data

Gold traded flat on Friday, ending the week with a slight gain, after data showed improvement in the U.S. economy but not enough for the Federal Reserve to halt its stimulus, analysts said. Palladium rose more than 3 percent to a 19-month high as supply worries and booming auto demand sparked fund buying. Increased physical deliveries in U.S. palladium futures also suggested rising demand from end-users. Gold fell 1 percent earlier in the session after data showed U.S. employers added…

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This Election Day, Remember Your Constitutional Right To Carelessly Misrate Structured Credit Products

This Election Day, Remember Your Constitutional Right To Carelessly Misrate Structured Credit Products

Have you finished reading Judge Jayne Jagot’s 43,000-page opinion in the Australian CPDO case yet? Good, because we’ve got to move on to other things.1 Like: what does it all mean? One obvious thing that it could mean is “nothing,” or at least not very much. The case involved $ 30 million of damages, and there seems to be an Australian class action coming that might involve more damages, but it seems unlikely that CPDOs are going to track S&P…

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