Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
When do you buy, sell, hold or jump? (A better question still, what do you buy, when do you sell, how long should you hold, and why would you jump?) This article will tackle the word Jump (to find the answer to those other questions, theyve been answered in some of my other articles). Would Jump mean off a building? Or Jump to another stock market security? The word Jump reminded me of one of my other articles where I stated just because thousands of people on wall street make their living doing technical analysis doesnt mean you have to jump off a building, too. Just today, reported by CNBC, a hedge fund has gone bankrupt. Seems the manager of the fund has skipped the country, along with all of the money. Its been reported tens of millions of investors dollars are gone (as well as the manager). The Wall Street Journal just had a report stating that retirement plans are facing a new threat: Theft. Excerpts from the Wall Street Journal (March 2, 2005): New York Retirement Plans are facing a growing threat: Theft Susana Longo, the compliance officer at Applied Financial Group, an investment-advisory firm in Atlanta, was indicted in January on federal charges of stealing $5.4 million in retirement savings from 220 workers at a car dealer, two medical practices and an audio-visual specialist. She acknowledged spending the money on two beach houses, a diamond ring, a 1,600-bottle wine collection and a Porsche 911, according to a lawsuit filed by the advisory firm. (The article also stated this went on for four years.) The article also goes on to state there are important lessons to be learned through this Atlanta case and they were stated in these excerpts from the same article in the Wall Street Journal:
- Roll your money into an individual retirement account when you retire (my comments on this later). Eight retirees who left their assets in one of the four affected plans were receiving monthly checks from their accounts until the plan was frozen last spring amid the investigation, said William Whitmire, the companys director and the Plans trustee. Some of them are really desperate, but theres nothing that can be done until the insurers come to agreement, he said.
- Make sure you are getting all your statements, and force yourself to reconcile them. The amount deducted from your paycheck should match the amount deposited into your 401(k) account.
- The trustees of the four Atlanta-area plans were supposed to get regular statements from both the retirement-plan administrator and the custodian of the plans assets. The trustees of the two hardest-hit plans didnt get their custodial statements regularly, because they were sent to other addresses. When trustees did get custodial statements, they didnt review them.
- Dont assume that you will receive a heads-up from your employer or plan custodian. As the alleged fraud in Atlanta began to unravel, federal agents showed up at Whitmores office with a stack of about 75 forged checks made out to people he never heard of, he said. He claims that the plans custodian didnt call to make sure the checks were authentic.