Archive for May 20th, 2007

I came across a great site today that is packed with information about all kinds of credit.

They cover credit reports, debt help, auto financing, credit cards (instant approval, balance transfer, reward cards, secured cards, cash back cards, gas cards, low interest cards, business credit cards, airline cards) loans, mortgages and more.

The great thinga bout the site is that every category has comparison data so that you can choose which credit product is most suited to you, and you can apply straight from the website!   

The website is so comprehensive, under the “other products” tab is a veritable fountain of information on things like student debt consolidation, delinquent taxes, high yield savings accounts, identify theft and other programs like the debt to wealth program.

basically everyhting you need to get your credit and finances under control and working for you.  So head on over and check out www.goldstarcredit.net!!

Brokers are the institutions that facilitate trades for the individual investor.  There are many brokers out there, so it is important to do lots of due diligence before choosing a forex broker.  Companies that are registered with the Commodity Futures Trading Commission are a good place to start.

Demo Accounts are pretend accounts offered by forex brokerages for a limited time prior to opening a real account.  The beginning investor is encouraged to take advantage of this opportunity to learn the ropes of forex trading, while also learning how to use the software and research tools of that particular broker.  These accounts are typically good for 30 days, and simulate the trading of currencies on the forex market by using real-world data.  The balance is continually tracked by the software to give the trader an idea of how he is performing.

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Investors calculate the acid test ratio, also known as the quick ratio or the pounce ratio. This ratio excludes inventory and prepaid expenses, which the current ratio includes, and it limits assets to cash and items that the business can quickly convert to cash. This limited category of assets is known as quick or liquid assets. The acid-text ratio is calculated by dividing the liquid assets by the total current liabilities.

This ratio is also known as the pounce ratio to emphasize that you’re calculating for a worst-case scenario, where the business’s creditors could pounce on the business and demand quick payment of the business’s liabilities. Short term creditors do not have the right to demand immediate payment, except in unusual circumstances. This ratio is a conservative way to look at a business’s capability to pay its short-term liabilities.

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