Financial Solution News

 48 Days to the Work you love giveaway
I have heard good things about this book, but I have not yet read it. So, the winner will likely beat me to it. It is on my book TO-DO list, so I will get to it, or maybe I won't if make it to the work I love first
48 Days to the Work You Love is written by Dan Miller and Dave Ramsey. I don't know much about Dan Miller, but I do recommend Dave Ramsey's financial advice, so hopefully he has some good input on finding an enjoyable career path.
If you are one of the many people in the U.S. who feel stuck in a job that is not what you were designed to do, hopefully this book will help you. If not, at least it doesn't cost you anything!! 
What do I have to do to win […]

Original post by bob

I gave back a lot of profits this month and I’m glad the month is over, if only that also guaranteed my losses were done.  Actually I feel pretty good about my holdings right now and still expect to finish the year up nicely.  For the first time since I started this blog, a major index is beating me (the Dow ($DJI), by about a 1/2 percent).  If I annualized my losses for this month, I’d finish the year down 78%.  Interestingly, that’s not my worst month or even top five from the past 10 years.  As expected September 2001 was my worst, but I had a bad streak in 2002 that smacked me worse than this month and I recovered greatly after that as I plan to again.  I’ve learned a lot through some of my poor moves and will try not to repeat my mistakes.  I have a […]

Original post by Alex Fotopoulos

FBI: 2008 Could Be Record Year for Suspicious Activity Reports

Financial institutions filed a record 15,000 suspicious activity reports (including instances of mortgage fraud) with the Federal Bureau of Investigation in the first fiscal quarter of this year. If the pace keeps up, more than 60,000 SARs will be filed, outstripping 2007, when 46,717 reports hit the system.

In a briefing on January 29, FBI officials said the agency has 14 major “corporate fraud” investigations under way involving mortgage or related companies. The focus, officials said, was on subprime mortgage firms, their accounting and lending practices, and insider trading. The agency did not specify any cases, but it is well known that the collapse of New Century Financial, is the subject of a major probe.

As previously reported, the Securities and Exchange Commission is investigating the failure of several subprime firms, focusing on, among other things, their investment bankers, including Bear Stearns, Merrill […]

Original post by Admin

MBIA posted its biggest ever quarterly loss and said it is considering new ways to raise capital.
Watching the Mortgage Bond Insurer’s Downgrades has been like watching a steam roller run you over.

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Original post by Admin

We have seen $90 billion of writedowns to date. Standard and Poor’s is saying that you can super size that order. Writedowns total losses are expected to be $265 billion or more.
So far, Wall Street has been shouldering the brunt of the losses. S&P says the next losses will affect smaller financial institutions including regional banks in the U.S., credit unions, and lenders in Europe and Asia.

Just yesterday, UBS, the biggest Swiss bank, wrote down $14 billion of assets.

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Original post by Admin

I realized a few days ago that my sister’s flight will arrive in Los Angeles for my wedding at 8:00pm, which meant that there was no way for her to get to the car rental place before it closes at 5. So, I went online and tried to change the pickup time to the morning of the following day. Much to my surprise, the quoted rental price went up even though it was still the same one week rental!
I thought to myself that the online system probably recalculates the weekly rental price based on the current rate that they were offering. Unsatisfied by this, I called customer service because I actually just wanted to pick up the car the next day as the car rental facility closes at 5. Once I got someone on the phone, I explained my situation of not being able to get […]

Original post by MoneyNing

We’re giving away a FREE ebook on how to get started making money online.
Download your copy at http://www.finance-portal.co.uk/go.php/freeguide

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Is paying the bills a difficult task most of the time? Do you continually battle with a growing mountain of debt? Are you blinded to the fact that your current financial condition keeps deteriorating?
Many people just like you continue to look for ways to solve and get control of their credit issues. More some - not all the best solution is in securing a debt consolidation loan.
Consolidating debt may sound difficult and complex but it is a relatively simple, easy straight forward process. Paying multiple bills from a variety of companies - that’s complex. The process of consolidating all of your debts by bringing them all together into one single loan with an interest rate that is lower than the other bills you […]

Original post by admin

This post is a continuation of my original analysis on Keynote Systems.
The wait is over. I finally scooped up a few shares of Keynote Systems this morning after a stunning 25% tumble — courtesy of a downgrade by Ferris Baker Watts from buy to neutral. *
Their latest quarterly results are out and they look pretty sharp. Revenues are up 12%, and net income is break-even compared to a loss of $369 million a year ago. (Note that my calculation of net income is Non-GAAP net income minus stock-based compensation.) The company just repurchased about 1.5 million shares since November 2007, and the board authorized, yet, another 2 million shares.
Keynote Systems now only has 17.8 million shares left due to the company’s aggressive repurchase program. Who can blame them? At $9.74 (after-hour trading), it’s a highway robbery.
The stock is cheap, and I […]

Original post by Financial Jungle Guy

My local gas company had a list of 30 Hot tips to use energy wisely. Below are my favorites from the bunch…
Save energy and money in your home

Attic insulation is a great investment. It lowers the cost of both heating and cooling.
Keep your thermostat low. Each extra degree adds about 4% to 5% to your heating bill. When you leave for the day or over the weekend, lower the setting about 5°. For longer absences, lower the thermostat to 55° (but don't set it lower because your pipes may freeze).
A programmable thermostat is a wise investment because it helps keep the temperature lower automatically while you are sleeping or gone for the day.
Don't place furniture in front of or on top of heating registers.
If your radiator is near a cold wall, place aluminum or aluminum foil between walls and radiators to reflect heat back into […]

Original post by bob

This is a guest post by Heather Johnson1. Wear someone else’s gown: Ask your mother, grandmother or other family member if she’ll let you wear her dress. She will most likely be honored that you asked, and you will save valuable time and money spent looking for a gown. Though you might have to get it altered or updated a bit, it will only be a fraction of the cost of buying a new dress.
2. Wear family jewelry: You don’t need to spend lots of money on wedding jewelry when someone in your family probably has something nice for you to wear on your big day. This saves you money buying jewelry just for your special day and eliminates “something borrowed” from your to-do list.
3. Shop at internet wholesale florists: Take your comparison shopping outside your local area by checking out prices from internet wholesale florists who often stock more […]

Original post by Everything Finance