Act fast to grab the best bank rates

Financial Guide | Posted by Joseph Carr-Boyd
Nov 21 2011

• “Savers should act quickly to snap up the best rates in almost two years as banks battle for deposits in the run-up to Christmas,” says James Charles in The Sunday Times. Clydesdale and Yorkshire banks offer the best-buy – a five-year account paying 4.7% and a one-year account paying 3.6%. The best instant-access account is from Coventry building society with a rate of 3.15%, including a 1.15% bonus.

• Nationwide Building Society has launched a market-leading cash Isa, which pays a top rate of 3.1% if you have at least £25,000 of ISA savings to put away. If you deposit less than this amount, the interest rate is 2.75%. The minimum deposit is £1,000 and is available only to Nationwide cardholders. 

• YourPoints World MasterCard is now available to anyone, having previously only been available to NatWest and Royal Bank of Scotland customers. It offers a tempting rate of 0% on purchases and bank transfers for a period of 13 months, and a rewards system for flights, holidays and shopping at Harvey Nichols, M&S, Boots and Amazon. However, as Emma Wall in The Daily Telegraph notes, there are catches. Balance transfers from other NatWest or RBS cards are prohibited and after the initial period of 13 months watch out for the APR of 17.9%.

• Debt-counselling charities warn borrowers not to be lured into interest-free short-term loans, says Jill Insley in The Guardian. At Instant Loans Dir

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My Nine Reasons Why the U.S. Dollar May Have Bottomed

Financial Reviews | Posted by Kiara Withers
Nov 19 2011

It’s always difficult to pinpoint where we are in terms of a trend, whether it’s in stocks, bonds, or other assets. Long-term trends in the currency markets have ranged from six to ten years, measured by the various bull and bear markets in the dollar since the inception of the free-floating currency market back in 1971.

Here’s the pattern as measured by the U.S. Dollar Index:

•   1971-1978: Seven-year bear market (President Nixon closes the gold window)

•   1978-1985: Six-year bull market (Fed Chairman Volcker squeezes inflation)

•   1985-1992: Seven-year bear market (triggered by the Plaza Accord)

•   1992-2001: Ten-year bull market (tech boom and money flow to U.S. assets)

•   2001-2008: Seven-year bear market (bottom on the credit crunch)

•   2008- ?: Next major bull market?

No one can say when multi-year bull and bear markets end without some perspective. But we can evaluate conditions as they develop that may indicate the potential for a change in the big trend.

I’ve found that the boom/bust cycle of price action, as shown in the chart below, helps put these longer-term moves into some type of perspective.

The dollar, especially from a longer-term perspective, moves in waves — discernable waves based on human emotion and supported to differing degrees by the underlying economic fundamentals at various stages along the way.

It sounds complicat

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Catch Nick Shaxson in the City of London on Saturday Nov 19

Financial Articles | Posted by Jacob ONeill
Nov 15 2011

Reposted from the Treasure Islands blog, and with updates added:

Nick writes:

I will be giving a talk about tax havens on the steps of St Pauls on Saturday, at 4.30 p.m., alongside Anthea Lawson of Global Witness and Montfort Tadier, who will be talking about what it’s like to be a politician in the tax haven of Jersey. I understand that Vivienne Westwood will also be involved. Come along to listen, to question, or to heckle.

I note this, from The Guardian, though:

The Corporation of London has told the protesters outside St Paul’s Cathedral they have until 6pm today to pack up their tents or they will be taken to the high court.

The Occupy protesters will be contesting this, so I hope and expect that my event will go ahead as scheduled.

Updates: As at the time of posting this blog, the Occupy protesters are still at St. Paul’s. You can keep track of developments on the Occupy London site here.
After the 4:30pm talk at St. Paul’s, Nick will talk at Finsbury Circus at 6:30pm

Getting More Hits on Your Corporate Blog

Financial Guide | Posted by Joseph Carr-Boyd
Nov 10 2011

Increasing traffic to your corporate blog helps you raise awareness of your company and its products and services. You do have to be committed to your blog to make it successful, though.

Using your company blog in your public relations campaign is not as easy as slapping some copy on your website and hoping people will read your brilliant posts. There are several ways you can increase traffic to your corporate blog and take advantage of the blogging craze so you can attract new customers.

Your company blog is not your personal diary that you can update when its convenient for you. Theres nothing more deadly to any blog than one that hasnt been updated or a post that reads, Its been a while since I last wrote

Set a schedule and stick to it. Not only does this help you blog frequently, your visitors will know when to expect updates on your blog.

You can indirectly promote your company and products through your blog but dont use your blog as a direct sales tool. Keep your content genuine and dont use the space as a blatant advertisement for what youre selling.

Your goal is to build repeat visitors. Using your blog as commercial space will do the opposite. Your blog is a powerful public relations tool, which means its not a giant billboard for you to spread your advertising message.

People blogging about their personal lives can be all over the place in their blog.

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Nov 10, Do you have what it takes to trade?

Financial Reviews | Posted by Kiara Withers
Nov 07 2011

When it comes to being a successful trader, you will obviously need to have a good knowledge and understanding of the trends within the stock market. However, most successful traders also possess a number of other qualities. Here are just a few points to consider when thinking about whether or not you have what it takes to trade.

Often, the most successful traders are those who are truly passionate about trading. If the only financial experience you have ever had is taking out a mortgage or searching for great credit card deals at sites like lovemoney.com, then you will certainly have your work cut out for you as a stock market trader.

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Look Before You Leap to a New Bank

Financial Articles | Posted by Jacob ONeill
Nov 05 2011

Chances are, you know someone who is dissatisfied with their current bank. Rising fees and benefit cuts are being seen across the country, in all types of banks. So, when you see an enticing bank account advertisement that seems much better than your current account, it can be tempting to switch accounts right away. However, before you make the switch, not only should you investigate the fees and rules that govern the account today; you should also make sure the bank isn’t planning any changes to the account in the coming months. If it is, you should make sure you’re okay with the upcoming changes before you make the switch.

For example, Citizens Bank Green$ense program has been one of the best checking account deals around and has been highlighted in BestCashCow blogs before. Each time you made a paperless transaction (including non-PIN debit purchases), the account would pay you 10 cents for each transaction. Additionally, new accounts can earn up to an additional $240 in bonuses by making qualifying online bill payments each month for six-months. The extra $240 in bonuses is still a great deal, but customers should be aware that the current Green$ense program is being discontinued on November 30, 2011. While new customers will be able to earn Green$ense rewards until that date (and can continue to earn up to the extra $240 new account bonus, even after that date), they should be aware they will no longer be able to earn 10 cents on each non-PIN debit purchase after November 30th. Cit Read more…