Articles from: February 2013

Financial Security Out

The effect snow ball to nobody is a secret that we live in a consumer society. And many times this consumption comes from the lifestyle we carry, which is usually the next labour spending sleep work spending sleep. Does this sound familiar? It is what the Americans call The Rat Race or the race of the mouse; It is that wheel where we see many mice of laboratory roll day after day, no more nothing to do, caught in that circle without end that denotes, in many cases, desperation. Financially, our race of the mouse are the debts and interests, especially credit cards. In the book The Total Money Makeover, Dave Ramsey talks about the steps one must follow to be financially stable. While many things apply to what you preach in the blog (like for example the Emergency Fund, which is 1000 $ for Dave Ramsey) her book is focused on people living in the United States, where taxes, IRS 401k, Roth IRA are common terms but for Latin America are not applicable.

However, your debt snowball if it seems interesting to me. According to Dave, to apply the debt snowball (translated as snow ball debt) should: 1. enlist all our debts (excluding mortgages) lower amount to greater amount of debt. 2 Pay the minimum on all debts except which has the lowest balance. 3 Deposit everything you can, until the smallest amount (if a single banknote or coin, serves!) to the smallest debt. 4. When you are done paying the smallest debt, does not alter the amount that you use to pay debts, but that process begins again, paying the minimum on all debts less in the queahora occupies the place of being the smallest debt. This method generates controversy, because it does not attack the problem of interests; You can be paying a small debt that has less interest than the big, such as a credit card, for example.

Financial News

Thus, the Argentine peso joins the rest of the Latin American currencies that will remain under pressure in the coming months. They will continue under pressure the currencies of the region? Can be expected that the Latin American currencies continue appreciating against the dollar? Beyond continuity expected in the flow of capital into the region (which can even be accelerated before the improvement expected in the context), there is an element that will generate them more pressure in the coming months and is linked to the management of international reserves of China policy. From the Government of China there is convinced about the need to increase the participation of other currencies within the composition of international reserves to reduce its exposure to the U.S. dollar. In this way, both the euro and the yen are the two currencies that have all the chances to increase its percentage in the total number of China’s international reserves. To have a idea of the extent to which we are referring, is worth mentioning that by the end of September, China had international reserves by US $2.27 trillion, with a high percentage of them denominated in U.S.

dollars. And the American currency has already felt the impact of these rumors. Zhou Hai, China’s Central Bank yesterday believed in Financial News: euro and yen holdings should be increased to reflect the growing trade with the European Union and Japan. The dollar felt the impact in yesterday and stood at its lowest level in the past 14 months in 1,5061 towards dawn, the euro then immediately revert to climb to its highest level in a week coming to the 1,4844 per dollar. Which generated fall in commodity markets and boosting the low stock yesterday on Wall Sreet. The U.S. economy nor offers solid grounds for thinking that the dollar can recover value in the coming months, by what its relationship with Latin American currencies will continue to weakening. Different elements of the international economic environment are key to being able to anticipate and predict where the Latin American currencies will behave.

Much can and can anticipate the markets be earn? Possibly much, but to do so, it is necessary to possess at least minimal knowledge of economics. It is for this reason that Latinforme has launched the course of basic economics for investors, in which the main elements of the economy with practical application in the determination of the investment decisions are reviewed. We find again tomorrow, Horacio Pozzo investment opportunity to seize this decline on Wall Street to buy. How did the subscribers of our newsletter of investment overall value, than already recovered its cost by investing in companies that we recommend. Do you want to know what? You can try entering here to find out and start investing in our recommended actions. Soon to come out in November! For subscriptions please click here Alternatively write to us at for more details.