Smart Banking Guide

An alternative way of Stock Trading

Written on December 12, 2009 – 9:14 PM | by dodo

Options are the most welcomes and popular financial instruments available. So many option traders love this stock option because of their exorbitant profit opportunities.

You hear from the TV or read the headline from your newspaper; most of these option traders have won money. They focus on the right options and most times they are just simply on the right side of option trading.

Options give buyer or seller the right to buy or sell security at Read the rest of this entry »

Tags: investment, option trading, options, stock

Posted in Uncategorized | 5 Comments »

The financial services industry

Written on December 11, 2009 – 3:08 PM | by dodo

Investments can take many forms. Within the banking/financial services industry, they tend to be cold, uninteresting things, notable only for whether they earn you a profit or a loss. Investments can however, be anything from rare books to old cars to houses for rent, and if you acquire the necessary specialised knowledge in a particular field they can be fun. Whatever else you do though, you will also invest via one or more financial institutions. Read the rest of this entry »

Tags: bank, broker, business, deal, finance, financial, financial services, financial services industry, financial services world, insurance, insurance and investment, investment, investments, marketing, money, people, world

Posted in Bank Accounts | 6 Comments »

The first-time home purchase savings account

Written on October 8, 2009 – 1:14 PM | by dodolovesme

People saving for the deposit on their first home can take advantage of a special savings account offered jointly by the building societies and the government, in which the high interest rate offered by the building societies is supplemented by an additional subsidy paid by the government. An initial deposit of $100 is required to open the account. You may then deposit as and when you wish for a period up to 10 years or to a maximum balance of $20 000 (which is a useful contribution to the deposit on your first home). Read the rest of this entry »

Tags: deposit, first home, home, money

Posted in Interest Rate, Savings Account | 6 Comments »

Your salary cheque

Written on October 5, 2009 – 10:40 PM | by dodolovesme

Talking of withdrawing money after you have deposited your salary cheque, here’s a practical hint to ensure the availability of your money. Normally, when a cheque is paid into an account, there is a clearance period of up to a couple of weeks, to enable the bank or building society to “clear” the cheque; that is, to ensure that there is indeed enough money in the account of the drawer of the cheque before crediting your account. Read the rest of this entry »

Tags: account, ATM, bank, card, cheque, life, money, salary, salary cheque, savings, Savings Account

Posted in Cash Cards, Cheque Books, Savings Account | 7 Comments »

Cheap Credit

Written on October 5, 2009 – 10:27 PM | by dodolovesme

Another basic cause of inflation is the periodic excessively easy availability of cheap credit.

Easy and cheap credit might be well and good for people who need to purchase goods. However, it has the negative effect that the buyers do not haggle over prices as much as they would if they had to pay cash or take up expensive and hard-to-obtain loans with which to pay for them. Read the rest of this entry »

Tags: cheap, cheap credit, credit, goods, inflation, people, prices

Posted in Interest Rate, credit, credit card, money | 6 Comments »

Opening your savings account

Written on September 28, 2009 – 1:48 AM | by dodolovesme

The very first thing you need to do when you receive your first pay cheque is to open a transmission or savings account at a bank or building society, if you don’t already have one.

I stress — start with a transmission or savings account, NOT a cheque account. A cheque account is useful in that it enables you to pay your accounts by post. It also looks good to flash a cheque book! But a cheque account is a service that costs you more money to operate than a transmission account, and when you have just started out on your working life you need to keep your costs as low as possible. The time to operate a cheque account will come later. Read the rest of this entry »

Tags: account, bank, cheque, cheque account, life, money, savings, Savings Account, transmission, work

Posted in Bank Accounts | 7 Comments »

Save to accumulate capital

Written on September 28, 2009 – 1:36 AM | by dodolovesme

There is, however, another excellent reason for saving. If you wish to become wealthy — who does not? — you cannot do it on borrowed money.

You will need more than just material objects purchased on credit, such as a car and a house, to be wealthy. You will also need to invest, such as by buying shares in well-established or up-and-coming companies. Read the rest of this entry »

Tags: invest, investment, money, saving

Posted in Interest Rate, Savings Account | 6 Comments »

Non-paid Debt, hire Debt Collector and what should know

Written on August 13, 2009 – 10:45 PM | by dodolovesme

An account is overdue after 14 days, but be prepared to give debtors an additional 7 days before you swing into action.

Traditionally, most people simply send their debtor a second account, at best with an ‘account overdue‘ sticker optimistically attached. Invariably, however, this follow-up account will be treated as offhandedly as the first. Read the rest of this entry »

Tags: account, debt, debt-collector, debt-collectors, financial, fun, money, people, society, writing

Posted in money | 6 Comments »

Lured Money Payment by Offering a Carrot

Written on August 13, 2009 – 10:19 PM | by dodolovesme

While debt collecting consideration should also be given to preventing debts from ever becoming a problem.

But there is a very successful means of getting your money in on time, every time, and that is by providing an incentive for prompt payment. In other words, you reward customers who pay within 14 days. Read the rest of this entry »

Tags: bank payment, bonus points, business, community, credit payment, customers, education, games, incentive for prompt, incentive plan, incentives, information, invoice, media, nature, people, personal, plan, points, results, time

Posted in Banks, Overdrafts, credit card, money | 7 Comments »

The little things about money in late life

Written on July 16, 2009 – 10:59 PM | by dodolovesme

The old story about looking after the pennies and the pounds taking care of themselves may seem tight-fisted to many of you. Read the rest of this entry »

Tags: money, time

Posted in money | 7 Comments »