Daily Investment Tips

George Soros is retiring from hedge funding business. The billionaire hedge fund manager is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.

Soros, will hand back the money, less than $1 billion, by the end of the year. His firm will focus on managing assets solely for Soros and his family, according to a letter to investors.

George Soros Reason for Retiring

George Soros’s sons said they took the decision because new financial regulations would have made it necessary for the firm to register with the Securities and Exchange Commission by March 2012 if it continued to manage money for outsiders.

George Soros legacy

Soro’s will forever be remembered a speculator, who in 1992 made $1 billion betting that the Bank of England would be forced to devalue the pound.

In the last 30 years, he’s given away more than $8 billion to promote democracy, foster free speech, improve education and fight poverty around the world.

written by Constantine Njeru \\ tags: 1 Billion, Assets, Bank Of England, Billionaire, Education, Fight Poverty, Free Speech, George Soros, Hedge Fund Manager, Investors, Legacy, Money, More Than Four Decades, Outsiders, Poverty Around The World, Reason, Retirement, Securities And Exchange, Securities And Exchange Commission, Speculator

The largest oil exchange traded fund (Oil ETF) is the U.S. Oil Fund ETF. The U.S oil fund tracks oil futures.

U.S oil fund etf has $1.89 Billlion in Assets. The $1.89 billion U.S. Oil Fund trades with the symbols (NYSEArca: USO).

The U.S oil fund etf invests in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges.

The United States Oil Fund was founded in April 2006 by the Victoria Bay Asset Management along with the American Stock Exchange.

written by Constantine Njeru \\ tags: American Stock Exchange, Asset Management, Assets, Exchange Traded Fund, Futures Contracts, Gasoline, Heating Oil, Light Sweet Crude Oil, Natural Gas, Oil Etf, Oil Exchange Traded Fund, Oil Futures, Oil Heating, Sweet Crude Oil, Trades, Types Of Crude Oil, United States, Uso, Victoria Bay, Wti

Tax relief programs by the IRS are misunderstood. Tax relief from the IRS does not mean you won’t have to pay your taxes.

Tax relief programs from the IRS only help you reduce the amount of tax you owe the government.

Who Benefits from a IRS Tax Relief programme?

1. Tax payers going through financial difficulties
2. Tax payers who owe back taxes

Amount and cost you pay during tax relief program

According to IRS website

The government is likely to accept less than it is owed only if the taxpayer makes an offer that is equal to or greater than the taxpayer’s ability to pay, including the value of all of the taxpayer’s property, cars, bank accounts and other assets.

So don’t be cheated by tax relief companies that claim that tax debts can be settled for ‘pennies on the dollar.’

Talk to your tax attorney for tax relief advice.

written by Constantine Njeru \\ tags: Assets, Attorney Advice, Bank Accounts, Financial Difficulties, Irs Government, Irs Help, Irs Tax Relief, Irs Website, Pay Taxes, Pennies On The Dollar, Property Cars, Tax Advice, Tax Attorney, Tax Debts, Tax Irs, Tax Payers, Tax Relief Program, Tax Relief Programs

Loral Langemeier is the resident ‘Money Expert’ on the Dr. Phil show. She makes appearance on Dr. Phil show where she shares her money making ideas.

Loral Langemeier has written a book, The Millionaire Maker ; Act, Think and Make money the way the wealthy do. The book made it to New York Times best seller list.

In her book Langemeier urges the nonwealthy to quit their jobs, start businesses, plow money into real estate and other “aggressive, unconventional” investments.

Langemeier emphasizes aggressive, multilateral investing.

According to Langemeier this is how millionaires are made. They get their assets invested; they learn to make more money; they run their personal finances like a business-for profitability.

While I agree with some of her ideas I think her advice is not for the beginner, it is for the experienced investor.

written by Constantine Njeru \\ tags: Appearance, Assets, Best Seller List, Dr Phil, Dr Phil Show, Investing Tips, Investments, Investor, Jobs, Loral Langemeier, Millionaire Maker, Millionaires, Money Expert, Money Making Ideas, New York Times, New York Times Best Seller, New York Times Best Seller List, Personal Finances, Profitability, Real Estate

When you apply for a mortgage, the mortgage lender will evaluate your application based on these four factors, capacity, capital, collateral and credit.When you meet them for face to face interview the questions will revolve around these four factors. Your ability to answer the questions in a satisfactory manner will determine whether your mortgage loan application is approved

What Mortgage Lenders Evaluate

This four factors are well explained by the following article that was originally published at Freddie Mac Website

Capacity

Capacity is your current and future ability to make payments. Lenders will look at your income, employment history, savings, and monthly debt payments.

Capital

Capital, or cash reserves, refers to the reserves of money and savings, investments, properties and other assets that belong to an individual and that can be sold relatively quickly for necessary cash.

Lenders will evaluate your application more favorably if you can verify that you have cash reserves. Cash reserves show the lender that you can manage your money well and that you can count on other funds, in addition to your income, to pay the debt.

Collateral

The lender will take a look at all your possessions and property that you can pledge as security for debt.

Credit

Lenders look at your credit and on-time payment history to see your record of paying bills and debts.

Lenders will ask for financial statements to see if you meet all of their criteria. Sometimes your strength in one area can cancel out your weakness in another.

written by Constantine Njeru \\ tags: Assets, Cash Reserves, Collateral, Credit Lenders, Debt Credit, Debt Payments, Debts, Employment History, Financial Statements, Freddie Mac, Income Employment, Mac Website, Mortgage Lender, Mortgage Lenders, Mortgage Loan Application, Payment History, Pledge, Possessions, Satisfactory Manner, Time Payment

In a tough economy other people may be looking for “alternative” sources of money. This alternatives may be suing others.

The fact is that anyone can find themselves a target of an overblown lawsuit. If you have a house, cash or investments – heck, if you just have a job – you could be seen as a cash cow by someone else . . . someone who could “slip” on your sidewalk or “fall down” your steps.

There are affordable ways to protect yourself. Your home insurance provides liability protection up to certain amount (sometimes $300,000). But that’s not enough to protect your assets if someone gets greedy or can prove that they suffered a substantial injury that’s your fault. Personal umbrella coverage, which gives you liability insurance above and beyond your home and car insurance, is relatively inexpensive and is a vital part of fortifying your finances.

According to the Insurance Information Institute, you can buy a $1 million umbrella policy for about $150 to $300 a year. The next million will cost about $75, and about $50 for every million after that.

written by Constantine Njeru \\ tags: 1 Million, Assets, Car Insurance, Cash Cow, Economy, Heck, Home Insurance, Insurance, Insurance Information Institute, Insurance Institute, Insurance Protection, Investments, Liability Insurance, Liability Protection, Personal Umbrella, Sidewalk, Substantial Injury, Target, Umbrella Coverage, Umbrella Policy