The need for debt, Using Credit Cards

At this time and age, many working individuals are highly addicted to debts. Spending monies that have not even been made. The released of loans by these credit card companies or banks considering your earning power as the basic form of intangible collatoral to release the credit to their customers.

Choosing the right credit card provider can be difficult and sometimes frustrating. How to choose the one that suits you amongst the wide spectrum of cards and providers? 

Understanding spending habits and the interest rate charged on your credit spending is one major consideration when making a choice which card to apply. Many people thought that credit cards are generally using the same terms of services and that is where most people are wrong. A notion that not many people know about. 

It is prudent not to get too many credit cards as people who are have less self-control will end up with a spiral of debts. 

Learning how to save more with balance transfer with credit cards by reading more credit card reviews or credit card ratings websites can be very important as you go along. Immensely submerged in debts can be really stressful. As far as possible, based on my own personal experience with Citibank credit cards, two credit cards is the maximum because the credit limit are usually set at 2 to 3 times the person's monthly salary. If three and more, paying interest can be already, a problem.

The Importance of Getting A Loan to Tide over Bad Times

Well, stock market has been going into a mode of spiral of decay due to the Europe Credit Crisis as well as the concern by investors of global slow-down. The economy is stuttering as we know it.

Be it incurred huge trading losses or a sudden out of job, many are experiencing tight budget. So that makes credit a very attractive and viable source to bridge these uncomfortable times. Usually, people who are in need of loans are those with bad credit records. This is rather inevitable.

What do we look in an easy loan?

1. Bad credit personal loans guaranteed approval - People with bad credits are the ones having trouble getting loans from finance companies and banks. So you need to find easy loans from companies that are able to provide you with guaranteed approval to even Personal loan for poor credit.

2. Personal loans with no credit check - If there is no through check, there will not be delay and unnecessary embarrassment or rejection. It has to be amenable and fast. That is why in the first place, we wanted to take a loan. 

Well, there is however, a loan portal that allows you to search through a database as large as 120 lenders nationwide. It allow connects you closely to the customized loan that is tailored with your needs in less than just 1 hour for absolutely free of charge. This is important because you need the money fast and this in my personal opinion would be the fastest I have seen thus far.

Introducing eLoanPersonal. It is worth to just try the search and I am certain that it will cater to the needs of most individuals. 

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Why Did PSL Holding Limited Surged?

Well, it has been awhile since I posted on this blog. I have been investing, but I have not been sharing my opinion on stocks for a fair bit of time already.

I have been embarking on creating an online residual and passive incomes which has seen some positive result.

Anyway, I have made a search online but was not able to find any discussion going on about this mutli-bagger stock, PSL Holdings Ltd or PSL:SP. It has on 28 Jun 11 reached a new height of $0.40 before speculators selling on profit-take and bring it back to $0.375 with an increased of $0.035 from the previous trading day (27 Jun 11).

Based on the Dow Jones performance on 28 Jun 11, it is very likely that STI will open gaping up with a gain of more than 20 points. Shipping sectors will see further surged together with Banks. PSL will resume uptrend and the likely opening price of this stock on 29 Jun 11 will be around $0.415.

The above are of personal opinion and they are not an inducement to trade.

After searching for a good period of time, I finally found the reason of the surge by this stock. Even ChannelNews Asia Forum, the most active and participated Stock Discussion Forum of Singapore was not talking about this multi-bagger. It was because this company has secured a back to back order and has been progressing really well with its piping business. The news release by PSL Holdings as follows:

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PSL Limited, a global leader in manufacturing and coating of pipes, today announced that after successful completion of the 130 km., 30-inch & 18-inch diameter, Dabhol-Bangalore Pipeline Project, it has been awarded with an order for supply of line pipe and three-layer polyethylene (3LPE) coating for GAIL’s KKBMPL project. PSL shall be supplying 24-inch diameter pipe conforming to API 5L X-70 and X-80 Grades out of its Chennai and Visakhapatnam pipe mills.
The total order value stands at approximately Rs. 753 crore, and the total length of pipe to be supplied is an estimated 735 km. Both PSL’s Chennai and Vizag pipe mills are in close proximity to the pipeline’s right-of-way (ROW), which enabled the company to offer competitive prices. PSL has developed numerous state-of-the-art API-certified pipe mills and onshore coating plants across the country, and it is found that this regionally-distributed capacity-readiness has provided the best economical and logistical solution to clients, ensuring faster delivery of high-quality products during the order-fulfilment process.

Commenting on these developments, PSL Limited MD, Ashok Punj, stated “The recent orders we have secured from GAIL have special significance for PSL as a company, since they stand as a testament to our capability as a key enabler of India’s gas pipeline and infrastructure projects. PSL has steadily built its strong supply-chain capabilities over time, and therefore looks forward to ever-enhancing participation in the development of the nation’s energy grid and oil & gas network”.

The pipe supply contract’s technical delivery conditions include usage of high-end pipe manufacturing technology, viz. X-70 and X-80 Grades (signifying a minimum yield-strength of 70,000 psi and 80,000 psi). PSL has been partnering with GAIL since inception, and was the sole pipe-coater for the 1,760 km. Hazira-Bijaipur-Jagdishpur (HBJ) pipeline, the first major gas pipeline project in India.

With proactive initiatives of GAIL in successive creation of India’s pipeline infrastructure, PSL is confident of meeting the pipe supply requirements of GAIL and other customers conforming to the most stringent specifications. Following the receipt of these new orders, the order book for the company now stands at Rs. 2200 crore, with several tenders bid, under evaluation, and awaiting award.

Where to Get Investment Information on Singapore Stock Market?

[News] Australia to reject Singapore Exchange's $7.8 billion ASX bid

By Michael Smith and Saeed Azhar Michael Smith And Saeed Azhar – Tue Apr 5, 7:54 am ET

SYDNEY/SINGAPORE (Reuters) – Australia intends to reject Singapore Exchange Ltd's (SGXL.SI) proposed $7.8 billion bid for Australia's ASX Ltd (ASX.AX) on national interest grounds, underscoring the political challenges facing other cross-border exchange deals.

The two exchange operators wanted to team up to cut costs, fight growing pressure from alternative trading platforms and avoid being left behind as rivals in North America and Europe get together.

But Australian Treasurer Wayne Swan, facing growing political opposition to the deal, said on Tuesday he intended to reject the bid after getting advice from the country's Foreign Investment Review Board.

"FIRB informed SGX that I had serious concerns about the proposal and that, subject to further consideration, I intended to accept the unanimous FIRB advice that the takeover would not be in the national interest," Swan said.

A final decision had not been made, he added, but share moves showed the market doubted the deal could be saved. ASX shares closed down 3.3 percent, while SGX shares rose more than 6 percent before closing 4.5 percent higher.

If the deal does fail, it will be the latest in a number of cross-border transactions to fall foul of politicians, including BHP Billiton's (BLT.L) (BHP.AX) $39 billion bid for Canada's Potash Corp (POT.TO) last year.

It could also bode ill for other major exchange deals awaiting approval from regulators and politicians.

Last week, Nasdaq OMX (NDAQ.O) and IntercontinentalExchange (ICE.N) bid $11.3 billion for NYSE Euronext (NYX.N) in an effort to trump Deutsche Boerse's (DB1Gn.DE) deal, and pushed their case with an appeal to U.S. patriotism.

>>Read full report

FaceBook IPO?

How much is Facebook worth? With that number of users and its number is still increasing and the recognition by even government agencies of the reliability of this social networking platform, how much do you think it will worth in years to come.

I would say it's share price is going to rocket once it is IPO. Not many younger generation heard of Linkedin. They may only have a slight understanding that it is a social networking site for the professional. I would say FaceBook stock will perform better than Linkedin.

There are now many people out there having the same feeling - "Why am I not the one who invented Facebook?" after many has seen its success.

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The markets seem to be starting off the New Year in style, with more optimism and higher gains; however, they're still tempered with the conflicting news from companies and government reports. There were a lot of winners in 2010, and 2011 might see a number of exciting events in the financial world. For one, there will be the preparation for Facebook finally going public, American automakers may have fixed some of the problems plaguing their industry, and a forecast of increased employment will certainly be a good thing for most industries throughout the United States.

IN PICTURES: 20 Lazy Ways To Save Money

Since the recession has been (technically) over for more than a year, maybe 2011 will be the time when we all feel the effects of robust retail and job markets. As always, only time will tell. (Miss last week's news? Catch up with, Water Cooler Finance: Goodbye 2010 (And Good Riddance?).)

Soaring Dow
Let's start with the positive financial news for the week; the DJIA ended up 97.25 points this week, and is up over 5% for the past six weeks. According to the Wall Street Journal, when the Dow is up for the first week of the year, it is a good indicator of how the year will end. So perhaps investors should get used to a more optimistic stock market. On Monday, the Dow kicked off the year by hitting a two-year high, and ended the week even higher at 11674.76. For most investors the obvious question is: what is sending the Dow higher, and why? What has changed? (To learn more, see An Introduction To The Dow Jones Industrial Average.)

Conflicting Jobs
Early in the week, there was the release that private sector jobs were gaining, which always leads to increased optimism as there is the implication that more people are working, and thus have more to spend. However, this was not the reality, and when the job report was released on Thursday, it showed an increase in initial unemployment claims. This sent the markets down, somewhat, although there is still an overall improving trend in the job market, according to Jennifer Lee, senior economist at BMO Capital Economics.

When the hiring report came out on Friday, it showed that the unemployment rate had actually fallen 0.4%, which seems like good news, but many economists say that the 103,000 jobs added in December were just enough to keep pace with the growing available workforce, and didn't add any material growth to the job market. As well, it was noted that the declining employment rate was partially due to discouraged workers - those that had given up looking for jobs and are no longer included in the unemployment figures.

Along with the job figures, banks led the Dow downward at the end of the week, due to increasing foreclosure problems. The tech sector was the biggest gainer of the week, and the American automakers all showed higher-than-expected sales for December.

IN PICTURES: 6 Hot Careers With Lots Of Jobs

2011's Rosy Outlook
Though there seemed to be some trepidation at the end of the week, there was still a positive outlook for the job market and economy in 2011. According to CNN, a large group of economists believe that 2011 will see a marked increase in employment, even if it's not totally reflected in the employment rate. Though the economists polled believe that the unemployment rate will only fall to 9%; that's still an addition of 2.5 million jobs, which the article notes is the same number of jobs that were added during the "white hot labor market of 1999."

Facebook and LinkedIn - Impending IPOs
Speaking of the '90s, the frenzy surrounding the possible Facebook IPO was very reminiscent of a certain excitement and optimism that surrounded dotcom companies more than a decade ago. After Goldman Sachs (NYSE:GS) and a Russian investor Digital Skies Technology pumped a half of a billion dollars into Facebook last week, the company is now being valued by Goldman at $50 billion, according to CNN, which is worth more than companies like Time Warner (NYSE:TWX), Ebay (Nasdaq:EBAY) and Yahoo! (Nasdaq:YHOO).

>> Read on for full story