endwimpyinsurance loan

Finding a Loan

Finding a loan when you need one is not always as easy as you thought it may have been. Although we may all think that the bank is always there to give us a loan if we need one, unfortunately although we can always apply for one, we may not always get one. The banks and that is all the banks, have their own criteria which you must meet before they will qualify you to receive a loan from them. Although the criteria may seem reasonable, not all of us may meet all that is needed and so will not qualify to be loaned anything or at least perhaps not as much as we had been hoping for. Other times, although we do meet all the criteria, the bank takes several days to approve and process the loan and we may have needed the money sooner. Fortunately however, the banks are not the only people that will lend us money but if we do borrow from somewhere else, we should be sure who we are borrowing from. Usually, money lenders other than banks can be placed in two categories, licensed money lenders and un-licensed money lenders, the later often being commonly called loan sharks. Although in some countries it is sometimes hard to tell one of these types of money lenders from the other, in Singapore they make it easy by having a website called loansingapore.sg/mondeylender which lists all the licensed money lenders.

A licensed money lender has to comply with certain rules and regulations which include a limit on what interest they can charge, in order to keep their license, their rates of interest are therefore far lower than those of an un-licensed money lender. A licensed money lender is therefore subject to some kind of control whilst an un-licensed one is not and they can at times become very out of control, charging interest rates which are exceptionally high, taking advantage of our urgent need for the loan without any concerns as to how we will be able to repay them but repay them we must. As the licensed money lenders do have some controls placed on them, their interest rates, although still usually higher than a bank’s, are reasonable and their repayment plans are also reasonable and clear, especially compared to an un-licensed lender’s plans.

So although we hope we never do have need for an urgent loan, if we do we should be careful about from whom we get it and always ensure that the repayment plan is one that we can manage as otherwise, we may find ourselves in bigger trouble than the one we wanted the loan to get us out of. Singapore seem to be well adjusted to people requiring loans and so have the website to try and ensure that borrowers only get loans from reputable lenders. Surprisingly perhaps, because Singapore is now one of the wealthiest countries in the world, residents of Singapore still find themselves in situations where they need urgent loans.

endwimpyinsurance penny stock

Investing in Penny Stocks

Although investing in penny stocks has, by some, been likened more to gambling than investing, there are still many people that do invest in penny stocks. Penny stocks are in many ways the same as blue chip stocks in so far as they can just as easily fluctuate in value but as the penny stocks are shares with far less value to start with, although the percentage gains can be the same, the actual profits are still low. Penny stocks are shares in companies that are too small to be recognized by the main stock markets like the NYSE or NASDAQ, perhaps with a total value estimated to be less than $50 million. As these companies total worth is low, so are the price of its shares, sometimes only costing pennies a s opposed to dollars and hence the name penny stocks.

Some of these small companies, with time though, may grow into a big company and if as a penny stock investor you had shares in the small company, your shares will be worth far more as the company grew. Why some people refer to penny stocks as being a gamble rather than an investment is because unlike the larger companies that do trade on the larger stock markets, the small companies are not subject to the Securities and Exchange Commission (SEC) rulings. One of the most important rules that the SEC enforce is that before a company can trade its shares on one of their stock markets, it must give certain information about itself s that potential investors may know what they are investing in.

As the small companies do not have to do this and often don’t, a penny stock investor is often left to choose an investment whilst being ‘blind’ to what exactly the company does or is considering doing in the future. Penny stocks though do still appeal to many people and that is probably because, as the shares cost less, less capital is needed to start trading. Although some investors in penny stocks have been remarkably successful, becoming what are known as penny stock millionaires, far less are as fortunate as 90% of penny stock investors are thought to lose their investments with only 10% making any type of profit. Far less than 10% though go on to become millionaires.

You can learn more about penny stocks at moneysoldiers.com but often, because of the gamble involved in penny stock trading, many of those investors that do make a profit, switch to investing in the larger stock markets once they have gained enough profit to reasonably do so. Not all stock brokers will deal in penny stocks but there are some that do and so if you think you may be interested, you should perhaps ask around and find a suitable stock broker who may then be able to assist you in starting to trade these lower priced shares. If nothing else, trading in penny stocks may help you to one day invest in the larger stock markets.