Finance and Refinance

Bond is a value showing the status of a creditor to its holder by the issuer, the issuer is forcing obligation to pay the holder a fixed annual amount, called the coupon obligation, for the entire period of validity.

Bond is a document issued by a company that needs financing, under which it obtained a loan. The company issuing the bond is called a debtor, and that a lender has is called (it provides a loan). Bonds are financial assets with fixed interest. On loan repayment, the company undertakes to pay, also, interest, fixed obligation at issue.

Bond contains:

* Name of the issuer;
* Coupon or coupon rate (expressed as the percentage share of the nominal value to be paid at certain obligation holder);
* Maturity – the time of expiry of the loan obligation and withdrawal (the date on which it will be bought back by the issuer);
* Nominal value – the amount shown on the title, which gives the holder a form of credit issuer and that will collect at maturity;
* Signature of the person authorized by the issuer;
* Special prints, to prevent counterfeiting (security features).

Bond may be registered if it is entered on behalf of owner, or “bearer”. The holder of a bond is called obligatar. He is a credit to the issuer and the right to receive income called interest, but has no rights and responsibilities on the business issuer (debtor).

Therefore, the bonds are debt securities with certain income and usually fixed. The main issuers of bonds are general government (central and local), and order is being issued to cover the budget deficit, the financing of investment is important for the community.

Most bonds pay interest only until maturity (quarterly or half-yearly depending on the specifications of the issue prospectus) with the last time interest in full and return the amount borrowed. Some bonds pay but at intervals (specified in the prospectus of issue) and the main parties. In general, an investor has lost or gained due to differences in the coupon (interest rate paid by the issuer) and the amount of interest charged on the money market at that time, between that interest and the market price of the obligation exists an inverse relationship.

Although theoretically the flow of cash that it receives the holder of bonds is not influenced by the issuer’s revenues, it is obvious that the limit if they are too low, investors may return the money or delay payments may cease. Therefore the issue prospectus should be read through the guarantees provided issuer (which may vary from one part of the assets to ensure the simple name of the issuer of the asset).

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After this crisis, I think that the next movement will be CASH FINANCE

What is CASH FINANCE
There is paper/electronic finance and cash finance. Now since the invention of the credit card, in the past 100 years we are living in an electronic world, where 90% of the money does not exist in physical world, only in computers. So, after living with so much money only in electronic format, and living on debt, I’m sure that capitalism, as we know it it will change. That means a more attention on present, on consuming what you are producing. That means a (more) cash oriented economy, not plastic, like now. That is cash finance.

What are the chances that cash finance will kick in?
Even I wish to come, I believe that humans, in their infinit stupidity they will prefere the easy way. And the easy way means living on credit, like they are use to. How to a ask a cauch potato to live based on what it’s producing? You can’t

Where it will be implemented cash finance?
Well, I think that it will be implemented in less developed countries (because they are now at this cash stage:) ). And some smart people from US will start be more rational about spendings. Cash Finance helps you keep expenses under control. With the plastic credit card, you cannot feel that you are spending. You are not feeling the effort. Is statistically demonstrated that you are spending more slow cash then credit

Credit cards are the banks response to monetize people stupidity.

So, we see that for the past 40 years, credit cards were using by virtually everyone. The public and private debt skyrocketed, everybody is consuming more than they earn and everybody is mortgaging their own future. So, what will be the future of credit cards?

1. RFID chip – there are already some cool, fashionable locations where you can pay via a RFID chip implanted under your skin. It’s the same thing with the credit card, but only more cool

2. virtual payment will be more used then cash in all world, not only in developed states. Did you know that only 10% of the money exists physical? The rest 90% exist only scriptical?

3. nations credit cards – now, that every individual person has enslaves themselves from financial point of view, there will be the nations turn, to use the nation credit cards. Imagine how easy will be to furter enslave nations, by provinding them no limit spending limit on national credit cards. Imagine how easy it will be to spend more and more, just like a normal stupid individual, who spends much more then it earns

Future of credit cards looks very promising. As humans are always looking the easy way out, credit cards seems to offer this easines. If you look in the future, you will see that debt will continue to increase, until everything it will break. This way of live is not sustainble. We cannot keep use debt to feel good. So, on short term, the future of credit cards looks ok, on long term I think it will be recalculated.

The entire world is in debt. Every individual is in debt. Every company works on debt. The financial teachings say that you must use other people’s money to evolve.

Cash only strategy is one that can save you right now. I read nowadays that with this crisis, the old school capitalism is dead, and it will be followed by an era of savings. I personally think that the image of the crisis is too fresh in our minds, so people will be cautious with their expenses only on short term.

On middle term they will be lured to enter again in the marketing/buying spiral.

Cash only strategy helps you make a safe heaven around you and your finance. The credit card is a bad invention, which let simple, stupid people (which count for 95% of Earth population) to enslave themselves, buying on expense of their future life.

Actually, is a comparison that you can make with selling your soul to the evil one . You get instant reword on the expense of future life

Using cash only can help you detoxify of this un-useful habit. Try for a week to pay everywhere only with cash. Sensing the hardcore cash, will make you more responsible, will make you more aware of the limits of your financial strength.

Try hiding your credit cards somewhere in the house and fighting the instinct to use them.

Also, using only cash, you will make a lot of savings. You will not pay interest rates and commissions, and you will spend less. Because it will be more difficult for you to VISIBLY spend, versus credit card spending, which are thin air…

USE CASH ONLY for a week. And then use cash as much as possible. And after that, use a debit card, not a credit card, because debit card will not let you spend more then your limit

CASH ONLY strategy is good to survive during a recession, like this one, and make you a happy life.

Today I am doing to say something about investment loans, from a different perspective.

In general, everybody should take a loan only it will benefit future flows of income. And the ROI of the loan should be significantly higher then it’s cost.

The idea of investment is to put money to work for you, not your time. So the investment loans should do the trick for you.

There is pity that the vast majority of people they only take loans to spend not to invest. And after that are wondering why are spending their entire life being slaves, paying for interest. This is most unfortunately.

The investment loans are designed (at least in theory) to increase the wealth of the individual/company. They should be involved in activities that have higher ROI then the loan itself. This is the rule of thumb.

And usualy, is much smarter to user other people’s money to evolve then your own. Because your money are the most expensive

Loan til payday is an easy way to get some money, on really short term. There are hundreds of credit companies that offer this service.

If you ask for a loan til payday, maybe you are in the following categories:
- you need a loan to some stupid stuff
- you need the loan to buy something on short term, that anyway you would have bought it at the next payday
- you need to invest in something

If you move down through thew categories, then you’ve got my respect. I hate to see people that are stupid, they are enslave themselves, making loans for stupid things.  A loan til payday is good ONLY if bring some real added value, in terms of cash. if you take a loan til payday to spend it in mall, on chicks, clothes and vacations, then you deserve your faith.

A loan should ONLY be taken if you will invest it properly, not spend on stupid things. You know, there is a movie with Jim Carrey (Dumb and dumber). They had very few money and Jim Carrey partner said “don’t buy stupid things”. Ofcourse they spent all their money on jokes… This is very similar with a mis-use of a loan til payday. So be careful on what you are spending your debts.

TO refinance or not to refinance? This is a dilemma.

The idea is simple. You must do calculation all the time, if you already have a loan. Because:

- conditions are changing all the time to existing loans (interest rate, commissions, etc)
- conditions are changing all the time to NEW loans

So every month you should check to see where are you standing and if it worth to make a refinancing to the present loans.

Refinancing is a simple operation. You just take a new loan, from another bank (or the existing one) in order to refinance the existing ones. Refinancing can be done together with debt consolidation (if you were a champion in taking too many loans:) )

When it pays to refinance?
- when conditions on the market changes and you end up with credits with higher interests rates
- when you need lower/higher rates to your existing loans, due various terms. Let’s say your incomes dropped due recession, and you want to cut 33% from your rate, in favor of increasing the loan duration, from 10 years to 30 years, let’s say.

At what aspects you should be careful:

- never refinance if you pay more
- calculate all the costs, not only the interest
- check also the refinancing fee. There is a possibility to go for a zero refinancing fee option, but you will pay definitely more month to month

That’s it for now. I hope this several advices will help you

Statistics say that an average employee have money savings to keep him/her alive for an average of three months. Some barely live from one paycheck to another, some succeed in saving more money, so in case of emergency, they could live  for a longer period of time until they look for help.

Paycheck loan is a form of credit that offers an amount of money to the employee until the next paycheck. The cool thing is that credit cards with their ever stretching limits are a good replacement for the paycheck loan. First, the paycheck loan is usually no bigger then the salary itself. And on a credit card you can borrow/use the money for a much bigger limit.

The paycheck loan is designed to help people to have a bigger mobility in times of shortage. However, my suggestion is to use it carefully. Don’t take a paycheck loan just to go on vacation or to spend it on stupid things. After all, it a month from your life thrown away for… what? For a new stereo? Or for spending on some clothes, with absolutely no reselling value?

Try to use the paycheck loan only for smart spending. Basically in investing. And investing in things that brings you FUTURE SOURCES OF INCOME!!!! This way you can evolve from financial point of view. And only if the earnings you get are higher then the interest rate you pay for the paycheck loan

When I will have more time, I will put a list with this kinds of loans and more details about each ones. Until then, good luck.

American CreditCard. We, in USA, are the center of the creditcard industry. An industry that told our minds that we DESERVE to spend without a limit, we DESERVE to buy thinks even we don’t have the money.

American CreditCard business is a multi trillion dollar one. And a very lucrative one. It allows people, who usually are stupid, to enslave themselves, spending without a limit. The system is corrupt and the creditcard habit must be reduce.

The capitalism is based on consumption. If we reduce consumption, like this crisis is doing this to us, we suddenly see that we can live very well with only a fraction of what we had before. We don’t need all these stupid stuff, that we were keep buying.

Don’t you think is something wrong when you go shopping just for fun? Or for relaxation? Common. This is a behaviour of a sick society, that put malls and american creditcard in the center of the human universe.

If you search on Google “American Creditcard” you will see zillions of results. Every bank, every financial society have their own american creditcards. Just take a creditcard from us, use it, and we will own a piece (smaller or larger) from your future.

Evil, isnt’t it? And based on our stupidity.

American