Day trading crude oil is about speculating on short-term price movements, rather than attempting to assess the “real” value of crude. By using a combination of long and short positions, day traders can turn a profit whether the price of crude is rising or falling. Traders do this without ever physically handling crude oil. Instead, all of the trading transactions take place electronically, and only profits or losses are reflected in the trading account....
Your cover letter is a way to grab the hiring manager’s attention and it’s important to be sure that it’s polished, professional, and complete with the information the reader expects to see. If any elements are missing, it could even disqualify you from consideration for the job. The Structure of a Cover Letter A cover letter is comprised of several sections: your contact information, a salutation, the body of the cover letter, an appropriate closing, and a signature....
Take Your Time Buying a Car Don’t rush into a dealership full of excitement and make it clear you want to drive off the lot with a new vehicle. Take the time to research the type of car you want to buy and can comfortably afford. Check up on the dealerships in the area, too. Plan on being able to “walk away” from a bad deal and follow up later in the week to see if the dealership can meet your terms....
Here are five ways a home equity loan can be used to manage your cash flow and account withdrawals. Auto Purchases When planning for retirement, many people put together a basic budget and forget about expenses like buying cars or other things that may only occur every five or 10 years. If most of your money is held inside retirement accounts like IRAs and 401(k)s, then each time you make a withdrawal, that amount will be included as taxable income on your tax return that calendar year....
Think about it: How often have you seen a friend post that his or her company is looking to fill a position? And, how many groups exist that are related to your field? Much like the office water cooler or a get-together with friends, Facebook is a virtual gathering place where people talk about kids, pets, the news—and work, too. Try these simple strategies to use Facebook to further your job search....
How To Verify Funds To verify a check, you need to contact the bank that the money is coming from. Use Legitimate Sources The check might have the bank’s phone number printed along with the bank’s name and logo, but don’t rely on that phone number for verification. If the check is fake, con artists may have provided a number that goes to a fake “customer service agent,” who will tell you the payment is good....
This section backs up all of the data you’ve included elsewhere in the business plan by demonstrating the expertise of the team and resources behind your company. Example of a Management Summary Section of a Business Plan For an example of a management summary section, see the Coffee Kiosk Business Plan. What Does a Management Summary Section of a Business Plan Include? The management summary section covers all of the relevant information about personnel, anticipated growth and how the company is organized....
Index Funds and Efficient Markets Hypothesis (EMH) If you are familiar with the Efficient Market Hypothesis (EMH), you know that it essentially says that all known information about investment securities, such as stocks, is already factored into the prices of those securities. For example, the price of a stock at any given moment reflects all public information, such as financial statements and any news that may impact the respective company’s financial outlook....
Prices have increased for almost every major wedding spending category, including food, wedding dresses, and flowers, according to The Balance’s analysis of the latest inflation data from the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) and The Knot’s 2021 Real Weddings Study. What’s causing the price jump? Inflation; it’s been hovering close to 40-year highs. Eleven out of the 13 common wedding items analyzed by The Balance were more expensive than they were in 2019, with food, wedding dresses, flowers, and hotels seeing the biggest price increases....
Among the major expenses that have risen in the year through December, according to the bureau’s monthly inflation report released Wednesday: gasoline (up 49.6%), groceries (up 6.5%), and car payments, with the price of used cars rising 37.3% and new cars increasing 11.8%. It all adds up quickly for the typical consumer. “That’s an enormous amount,” Sweet said. However, he added, it’s likely we’re currently experiencing the worst of inflation....
Can An Insurance Company Cancel You For Non-Payment? Maybe you’ve been a client for years; or maybe you’ve been paying monthly, how can they cancel? Sometimes people forget the payment due date or have something come up that stopped them from taking care of business. There are many reasons why people might end up in a situation where their insurance policy is being canceled for non-payment. Cancellation for non-payment is probably a lot more common than you think....
Some companies earn a great deal of income from interest, often in the form of bonds. But most firms that show an interest expense on their income statement do so because they’ve borrowed money to fuel growth and to fund their operations. The following breaks down some items carrying interest, whether from income or expenses, that a company might report on its income statement, and what it might mean for the bottom line....
Whether you have a sub-sector of the food industry in mind such as sugar or livestock, or if you want to give your portfolio general exposure to the food market, you have several options. You can target food-related commodity futures or a food industry index, or even companies involved with specific foods or beverages. With livestock ETFs, you’re not only targeting meat products but non-food products like leather gloves. But commodities can be a bit difficult to trade for beginning investors....
Unless the current rules are changed, here’s why. The monthly payments that many parents have been getting because of this year’s expanded child tax credit are exempt from the IRS’s usual policy of taking tax refunds when things like back taxes, child support, and defaulted federal student loan payments are due. But no such exemption was made for the half of the 2021 credit—worth up to $1,800 per child—that’s being delivered at tax time, or for those who chose to receive the entire credit then, instead of in monthly installments....
Because of the sensitive information requested in the form—primarily your taxpayer identification number (TIN), which is either your Social Security or employer ID number—you should be certain the entity asking you to complete the form has a legitimate reason for doing so. What Is IRS Form W-9? Form W-9 is an IRS-created form that provides taxpayer information to the entity that requested it. It is not filed with the IRS; it’s returned to the requester....
Conventional wisdom says that you usually wouldn’t want to spend that long paying for a quickly depreciating asset like a car. But there may some situations in which an 84-month auto loan makes sense. With all types of loans, whether for a house, car, or college education, you have to consider the tradeoff between four key things: How long you will be paying off the loan. How much each payment will be....
Am I Allowed to Refinance? The simple answer is yes. Unless there is some language in your loan agreement that doesn’t allow you to pay it off early (which is highly doubtful), then you should be able to refinance your loan. And if doing it is in your best interest, there is likely no reason for you to wait no matter how old or new your loan is. It’s very important, though, to read your loan agreement carefully and take a good, strong look at your individual circumstances before refinancing....
Specifically, JGTRRA: Reduced the long-term capital gains tax rate from 20 percent to 15 percent. For taxpayers who were already in the 10-15 percent income tax bracket, it reduced the rate to 5 percent and then to zero in 2008. Changed the dividend tax rate to the same as the long-term capital gains rate. Prior to that, dividends were taxed as regular income. Increased tax deductions for small businesses. Accelerated many of the provisions in the Economic Growth and Tax Relief Reconciliation Act, which were supposed to be phased in more gradually....
Even if you decline a job offer, it’s always wise to send a follow-up with your thanks for the opportunity. It gives you a chance to be gracious and leaves open the possibility of a future relationship with the company. Why Send a Job Offer Thank-You Letter? The main purpose of the letter is to express gratitude for the offer. It allows you to state your intentions to accept or decline the offer in writing and also allows you to clarify the terms of your agreement....
Here’s a quick look at the most significant economic indicators of the day and what they tell us. Unemployment Claims The Labor Department said new claims for unemployment benefits haven’t been lower since 1968. There were 166,000 new claims last week, the fewest for any week (other than two weeks ago when it was also 166,000) since November 1968. The department also said it changed the way it removes seasonal variations, making for revisions to current and historical data....
