Author Archives: Ignacio

Getting the Best Exchange Rate

Not so long ago most people wouldn’t even think about how they’re going to get the best exchange rate when they want to buy another currency, but nowadays things are a lot different since the majority of people are starting to be a lot more careful in relation to money. If you’re about to buy another currency soon, then we recommend that you follow the tips below to make sure that you get the best exchange rate possible:Avoid airports/hotels etc.: If you’re going away for a break to another country you might be tempted to change your currency either at the airport or at the hotel that you’re staying in since it’s on your way. This might sound like a good idea, but it’s definitely not! The reason why you should avoid these is because they usually have terrible exchange rates, since they know that you need the money there and then. You should only use airports and so on if you need a bit of extra money, otherwise stay away from them at all costs!

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Bank charges: All banks in the UK will have different charges for foreign transactions, so it might be worthwhile to see what your own bank charges for foreign transactions. By using your bank you are essentially cutting out the middleman and so on so you might end up getting a very good exchange rate. If you do use your bank you’ll then be able to purchase items or take out money from an ATM while you’re abroad.Compare: It’s extremely important that you do your research before handing over your money to anyone. Don’t assume that you’re getting a fair rate, you should definitely go to at least three different places to see what they are offering for your money and then choose the best one. When you want to buy another currency, it’s just like anything else that you’d buy, the more that you compare the more likely it is that you’ll find a better price!

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Know how much you need: When you’re going away on holidays it can sometimes be difficult to know how much money that you’ll actually need. However, it’s worth doing a budget to see roughly how much you’ll need so that you don’t exchange too much money which will result in you exchanging it back into the currency that you had at the beginning. If you do this you’ll basically be paying huge fees that you could’ve easily avoided if you planned it out correctly.

How to Get the Best Exchange Rates Abroad

A few weeks ago I attended a wedding in California.  I flew into the Bay Area a few days early and met up with some old co-workers and friends. I had a great time seeing everyone, and catching up on the latest gossip.  But those stories are for another time.The wedding was for a good friend of mine.  The gathering was small, and I felt honored to be part of the celebration.  The ceremony was beautiful, and for an outdoor wedding you couldn’t have asked for better weather.  The reception was great.  And If I do say so myself, my moves on the dance floor were second to none.Later on I found out the happy couple would be traveling to Europe for their honeymoon.  As a matter of fact they’re there right now!A few days ago though they called me from the currency exchange window at the airport.  They were concerned that the posted exchange rates looked off.  And the fees . . . let’s just say the mob has nothing on these guys.After traveling the world and exchanging more currency than I care to count I’ve learned a few things about the currency markets.  Armed with this experience, I focus on finding ways to profit from fundamental and technical movements in the global currency markets. Now, I don’t usually give advice to tourists about exchanging money for vacations or honeymoons . . . but this was my good friend.  I had to help him out.  After passing along my sage advice, it occurred to me that my readers would benefit from this knowledge as well.  Keep these tips in mind when you travel and you’ll be able to save yourself some money.

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This is what I told him.Foreign Exchange Tip #1 – Notify Your Bank and Credit Card Companies Before You LeaveLet them know that you’ll be traveling abroad.  I learned this lesson the hard way.  My credit card company didn’t know I was in Europe. When international charges started appearing they tried to contact me.  When they couldn’t reach me my card was canceled.  They assumed the charges were fraudulent.It was nice of them to protect me like that.  But you can imagine the look on my face when I tried to pick up a dinner tab and my card was rejected.Foreign Exchange Tip #2 – Most Banks and Credit Card Companies Provide Good Exchange RatesSince you’re calling anyway, take an extra minute to find out what fees they charge for foreign exchange.  Usually the fees are between 2% and 3% per transaction.  Surprisingly, I’ve found that I get better exchange rates using my credit card – even with the additional fees.Now, when I travel internationally I use the credit card that offers me the lowest fee.  Because the credit card companies handle huge numbers of transactions they’re able to get very competitive exchange rates.  Many of them will pass these rates on to their cardholders.Foreign Exchange Tip #3 – Don’t Tip Your Bellboy With A Credit Card Sometimes you have to pay with cash.  It’s a fact of life.  Cabs, bars, museums, and public transportation usually don’t take credit cards.  This is where a little advance planning can really pay off.  Call your bank a few weeks before you leave.  Most major banks can convert hundreds or thousands of dollars at a decent exchange rate.The fees are nominal and depending on your bank you might be able to do this with only a day or two’s notice.  I’ve found that exchanging currency through my bank is easy. . . . as long as I plan ahead.Foreign Exchange Tip #4 – ATM’s Are Good In A PinchAs an investment banker when a client called we jumped.  Sometimes that meant dropping everything and going straight to the airport.  On several instances I barely caught my flight with bag in hand.  Getting to the bank beforehand just wasn’t possible.  Short of keeping a stash of various currencies locked up at home I discovered a secret.ATMs work overseas.  If I’m traveling internationally and find myself short of cash I head right for an ATM machine.  Flip your ATM card over.  On the back are logos of various ATM networks.  Some of the larger ones are Plus, Star, and Interlink.  If you use an ATM displaying those logos the withdrawal process is very easy.Just remember you are traveling internationally so use caution when flashing your cash.  One other thing.  Local ATM are used primarily by natives.  Don’t be surprised if the ATM uses the native language of the country you’re visiting.  Even so, they’re still very easy to use . . . the process is just like it is in the US.

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The nice thing about ATMs other than convenience is that they also offer competitive exchange rates.  There is a nominal fee of $3 to $5 but that’s a small price to pay for the ease of getting foreign currency.Foreign Exchange Tip #5 – Your Hotel Will Usually Exchange Small Amounts Of CashIf you need a quick $20 or $50 you can try your hotel’s concierge desk. The rates won’t be great, but they’ll be better than the currency exchange huts.  This is convenient, but sometimes you’ll have to pay a small fee.  Remember, since this isn’t the main business of the hotel they’ll limit the amount you can exchange.  Also they sometimes run out of money so don’t wait til the last minute.When you get back.I hope these tips help you to get the best exchange rates and lowest fees on your next trip overseas.  Remember, when you come back to the US the left-over currency in your pocket has a lot of value.Call your bank and have them exchange your paper foreign currency back to US dollars.  Your leftover coins can be a great gift to the children in your life.  I give mine to my nieces and nephews . . . always with a great story filled with international adventure.

Keys To Finding The Best Link Partners

Links are vital factors in web marketing. The search engines are always looking for links to your website. The search engines put higher importance to incoming links. What are incoming links? These are outside links from other websites. The links point out to your website.The search engines are after the quality of the links rather than its quantity. Quality links can dramatically boost your website’s rank and traffic. Aside from these, quality incoming links affect your website’s conversion rate, as well. One way of getting quality links – especially incoming links – is through link partners. How do you find the best link partners?How to Find The Best Link PartnersHow can you have the best link partners on the internet? It is significant that you link to quality websites only; otherwise, the linking won’t have any great positive effects on your website. Remember that the search engines look at the quality of the links not merely the quantity. Here are 5 tips to help you find the best link partners:

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o Write something interesting – most probably an article or resource that tackles an interesting and relevant topic or perhaps a website review. Allow other websites to use these reviews and online resources in their own websites as long as they give your website a link in exchange. These make these websites good link partners.o If you have a discussion board in your website, why not invite other websites that are closely related to your website’s theme or subject to participate in the discussion. You can opt to exchange links with these websites too.o Write articles about your field of expertise or something about the subject or theme of your website. The articles should contain a resource box that reveals some useful information about you, as the author, and about your website or online business. And of course, it should carry a link back to your website. These articles must be submitted to quality and high ranking article directories.o Aside from the article directories, you can also allow other websites and ezines to repost your articles as long as they include the resource box and a link back to your website. These websites and ezines are considered as part of your website’s link partners since they give your website a link back while you provide them with content.

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o If your website is a members-only website, you can attract other website owners and webmaster to link back to your website by giving them a privilege of getting a free membership. Since the word “Free” has a large impact on people, many webmasters will grab the opportunity.With these pointers in finding the best link partners, you can already start your link campaign now. These linking tips will help you arrive at only the best link partners. Waste no time…maximize the positive effects of the linking strategy; find the best link partners now.

Finding the Best and Cheapest Method of Buying Currency

Having had to buy Euros several times last year I was amazed at just how many companies there were who bought and sold currency! They all claimed to offer the best exchange rates and that they were ‘ the best company to exchange money’ and they all claimed that there was no commission! Wow! no commission! Awesome. I’m saving money already and I haven’t even opened my wallet!I called one of the companies I’d seen on Google and asked for a rate if I were to buy €15,000.00. I’d checked what the bank were offering and also knew what the post office were offering so I had a general idea of what the exchange rate was; from memory it was around 1.1510 back in May 2011.The guy I spoke to gave me a price of 1.1480! Great… the bank that same day were offering 1.10!! OK I said, I’d like to buy at that price. I was brought back down to earth when the chap on the phone said that I’d first have to open an account and then also mentioned that as exchange rates moved throughout the day that the rate may be better or worse by the time my account was opened.There’s always a catch!!

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To open an account I had to complete a form and provided my personal details, DOB,address etc. I also had to provide information on the source of my funds, my reason for buying currency and the nature of my business. I duly returned the documentation and waited for confirmation that my account was good to go.After a few days I was telephoned and told that they had been unable to verify my address ( I had recently moved house ) and therefore I was asked to provide a copy of my passport and a copy of a recent utility bill! I scanned said items and emailed straight away. Within 1 hour I received another call to confirm that my account was now active. These guys were certainly thorough.I asked for a price if I was to buy €15,000.00.The reply I got was… 1.1880… I was delighted! The market had indeed moved and in my favour. I’d like to go ahead and buy at that price I said.I received a contract note within ten minutes and then instructed my bank to transfer over the sterling equivalent. My Euros were sent out on the same day and all in all it was a good experience.The next day I was chatting to a colleague who had also bought some Euros on the same day that I had. I asked him what exchange rate he received ( gloating a bit!!) 1.1940 he said!He then proceeded to explain that he had accounts opened with 2 or 3 different brokers. It turns out that although no brokers charge a commission as such that they do charge a % on the exchange rate. I had actually been charged 1% as the exchange rate was just over 1.20… this meant that I had just paid £125.00 for the privilege of buying Euros! I asked my colleague how many Euros he’d bought… €20,000.00 was his reply. It had only cost him £84.00!!!How had this happened? My colleague then explained that when he first started buying currency that he used his bank, realised he was paying too much and contacted a broker friend of his who suggested that he should open at least two accounts with different brokers and then play one off against the other! Don’t they all work off the same prices I asked? They do he said but then explained that the broker was looking to make as much money on each transaction as they could. At the same time the market was getting so competitive that quite often brokers could afford to undercut each other in order to win the business.

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I was a tad annoyed but immediately contacted another broker and opened another account. On my next currency purchase I got the ‘best’ price from broker A and then called broker B to see if he could improve. If the rate couldn’t be bettered I figured out that the rate must be pretty competitive while if the other broker offered a better rate I’d simply call the other to see if he could match it!The moral of the story is this; shop around, open a couple of accounts and simply play one off against the other! They need your business and any profit is profit, no matter how small!I hope this article is of interest/use to someone out there, just for your information… the best company to exchange money that I used was from one of the smaller companies! Good luck!

How to Tell If You’re Getting the Best Mortgage Rate

With all the talk of percentages, averages, and trends, how do you really know if you’re getting a good mortgage rate?You’ve got to answer these 4 questions before you sign on the dotted line:1. Did you do your homework, or did you blindly follow your realtor’s advice on which lender to work with?Most people think that because it’s illegal for a realtor to take any money in exchange for steering you towards a certain lender, that they’ve found you the best deal possible. However, that’s not always the case. Your realtor may simply be in the habit of working with certain lenders, because they’ve got a good professional relationship — but that doesn’t mean you can’t get a better deal elsewhere. Or, your realtor may have simply overlooked a lender that could have given you a better deal.

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Bottom line — you owe it to yourself (and to your budget) to do some comparison shopping. If your realtor is a good one, she won’t be offended that you’ve found a lender on your own.2. Are you basing your opinions on old information?Studying mortgage rates can get tricky, simply because they change by the day! Just because you saw an ad for a certain rate two weeks ago doesn’t mean that you can still take advantage of it. If you want to see if you’re really getting the best deal, you’re going to have to look at current rates and offers.3. Did you lock in your rate with your application?This is the biggest gamble in finding the best mortgage because there’s no “right” answer. Here’s what you need to know to make this option work for you:Lenders will let you lock in the mortgage rate when you turn in your application — meaning that whatever the rate is today will apply when you get approved, even if that’s a month from now and the rate is totally different by then.If you don’t lock in your rate, it will “float” — meaning that your mortgage rate will be whatever the rate is on the day you get approved. You probably won’t see a huge difference, but even a fraction of a percent can translate into thousands of dollars either way every year!So, how do you make the right decision?You need to look at the current trends when you apply. If rates seem to be trending up, you probably want to lock in your rate. If rates are on a downward trend, you probably want to float.For example, the average 30-year mortgage rates have been on the rise ever since the end of July. If you applied for a mortgage back on July 30th, floated your rate, and got approved today, you’d be paying about 0.20% more. That’s money you didn’t need to spend!

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4. How long are you planning on owning the home?On average, first-time homebuyers keep their homes for three years. Second-time homebuyers tend to keep their houses a little longer, but not by much.It’s a waste to get a 30-year mortgage — and pay higher rates every month — if you’re only going to keep the house for a few years. If you opted for a 15-year mortgage today, you would save a full percentage point on your rate!Or, you can opt for a hybrid mortgage — which offers lower rates in the beginning, then goes up in a few years. By the time the rate increases, you won’t own the home anymore!

Find the Best Currency Exchange to Send Money

With all of the money transfers that occur each day, it is important to find the best currency exchange to send money through. There are a lot of different types of places that money can be sent through and knowing the best currency exchange rates will be important. There are a lot of different reasons why money needs to be sent and when someone is sending it, they do not want to have to spend a lot to send it.Every place that allows people to transfer money from one place to another will be charging a fee. Knowing what each place charges can help a person to make a decision better. They may choose to use one company because it costs less or may choose them because they feel that they are more reliable.When rates can be compared, it is possible to see what will be the best places to send money through. Every company has different types of things that they have to pay for in other countries too. They need to know the exchange rates for each country.

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When sending transfers to other countries, people need to know what the exchange rate is because it may actually cost them more than what the other country is charging because of the different values of their money. The fees that they charge to send money can also be an issue. There are many different fees for sending money to different places.The place that money is coming from and the place that the money is headed to will have a big impact on what the charges are and how long it is going to take to get there. There will be a lot of information to see on there about the currencies and sending money. Wire transfers are necessary to be sent to different countries or within the current country.Every company is going to be charging a different amount. Every transfer is going to be for a different amount. The fees that are charged may be based on the amount that is being sent or be based on what the company charges for each one.Someone may be sending money for a product that they are purchasing, to pay a bill or another reason. Businesses can be sending money for business transactions. There are many reasons to pay them.Every company is different and makes different kinds of transactions. It may be to pay for services or to buy materials that they need to operate. There are many different kinds of things that have to be done each and every day.Knowing what the fees are going to be per dollar amount being spent is going to be extremely important. There are several different things that are going to play a factor in how clients are sending money. They can have a lot of different types of services that they are going to be paying for.

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When consumers have to pay a bill right away, they are going to need to get it there quickly. Money transfers are a great way to do this. They can send any amount. If the amount is too high, companies may request that they send a couple of different transactions because they have a limit on how much can be sent at one time.The best currency exchange is going to play a big factor in a lot. There are many places that money is sent every day. There is also many places that are looking to send money each day. This is done for a lot of different reasons and everyone has a different reason for sending it.

How to Find the Best CD Rates

Certificates of Deposit (CDs) are a safe, secure and straightforward way to invest for both short term and long term goals. A CD works in much the same way as a traditional savings account: you invest a certain amount of money and earn interest on it for a set time period. The difference is, you make more money depending on how much you invest into the CD and how long you keep your funds there. The amount you make depends on your CD rates, but you don’t have to go far to find the best rates.What to Look for When Comparing CD Rates

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Because of the fierce competition between local, national and even online banks, you can get great CD rates without a lot of legwork or research. There are plenty of banking comparison sites online which will show you the different rates, but you’ll want to search a little deeper to find out what the terms are in order to get the highest CD rates for your needs.For example, you’ll want to look at the interest rates – are they compounded daily and posted monthly? This allows you to earn new interest in your invested funds every single day, and see how much your investment has grown every month. You’ll also want to see what the minimum deposit amount is. Some banks require a substantial minimum deposit, but others will let you deposit as little as $1,000 to lock in your CD rates.Then, you’ll also want to consider the term lengths, which can vary from as little as six months, to a full five years, with the option to automatically renew your CD when it hits its maturity date. Look for an easy to understand rate table which shows you both the interest rate and the APY (Annual Percentage Yield) so you can see exactly what you’re earning in one year.

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Finally, you’ll want to make sure the bank you’re investing with is FDIC-insured. This means that your funds are backed by the stability and security of the federal government. If you’re looking for a low-cost way to invest money without the risks and volatility of the stock market or a money exchange, CDs are a solid way to help you build and plan for the future. Whether you’re saving for short or long-term goals, getting the best CD rates can help your investment go farther.

Compare Auto Insurance Rates – How to Compare and Find the Best Rates Online

Finding the best auto insurance deal using traditional methods is one of the most difficult tasks. Using the World Wide Web to search amongst the numerous plans offered by large number of auto insurance companies will make your task easier.The auto insurance rate is what determines the premium that an individual is required to pay in exchange of the protection that the company offers. Needless to say, getting maximum protection at lowest premium or lowest rates is the best case scenario for any and every individual. However, this is easier said than done.

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The primary reason why one should make use of the web to identify affordable policies charging low rates is that there are a large number of factors that affect auto insurance. Identifying the right factors takes a lot of time. If you make use of the World Wide Web, you can use multiple quotes comparison websites to get the laborious task of collection of information done very quickly. You will get easy to understand our results that will help you identify the cheapest insurance policy.The site will help you understand the importance of deductibles. You will have to specify the deductible that you are prepared to pay. As the deductible increases, your auto insurance rates will go on decreasing.Further, as your driving record improves, your auto insurance premium will come down. This analysis is possible only the web with the help of auto quotes. You can perform this analysis on different policies and identify the right policy without any difficulty whatsoever.You can quickly identify those insurance companies that consider clients like you as high risk customers. Just avoid them and opt for those insurers that consider you as a moderate risk customer. Needless to say, opting for the latter auto insurance company will get you the best deals at the lowest prices.

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There is no compulsion to decide your future course of action immediately. You can obtain as many quotes as you want and even take print outs of the same to compare the information at your own convenience. Further, you will receive updates and newsletters from insurers containing detailed information related to your policy to your e-mail address.

Euros – Save Money by Getting the Best Exchange Rate

Are you looking to buy euros and want the best exchange rate?The total cost of travelling can mount up very quickly. The cost of flights, accommodation, travel insurance, etc all adds up. It therefore makes a lot of sense to find ways of getting the best deals on these costs as the savings can add up to quite a bit.Getting the best exchange rate when buying euros, or any other foreign currency, can save you quite a bit of money.

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Here are two important tips to help you save money.1. Buy before you go to the airportMake sure you have bought or ordered your foreign currency before you get to the airport. You are very likely to get a better rate than at the airport.The key reason for this is that once you are at the airport you are left with very little choice as to who you can buy from. From the sellers point of view, this means they have very little competition and so can set their rates and charges as high as they want (within reason) and you have little choice but to accept their rates and charges.Contrastingly, when you buy beforehand there will be a lot of competition vying for your business. Companies will be offering much better rates and lower charges.

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2. Buy OnlineIn general, better rates will be offered online. The main reason for this is that companies can keep their costs down as there are less labour costs, etc. This means that they can offer better rates and lower charges.These days you can also order your travel money online and pick it up at the airport before you fly. So not only are you saving money, you are also saving time and stress!

How Do You Find the Best Rates on Life Insurance?

Life insurance is a kind of insurance where the insured transfers a risk to the insurer according to the policy he or she receives. The insured has to pay a premium in exchange. The risk assumed by the insurer is the risk of death of the insured. Life insurance is the best form of protection you can provide your family in case of your untimely death. It helps secure their immediate financial future should you die.Life insurance is normally divided into two basic classes: term and permanent. The first one provides for life insurance coverage for a specified term of years for a specified premium while the second one remains in force until the policy matures.

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For most of us, thankfully, we will never have to worry collecting on this type of insurance. However, we do pay premiums each month for this necessary coverage. So how can you go about finding the best rates on life insurance?Life insurance is usually priced based on several factors including: age, current health status, type of employment, sex and race. As with any type of insurance, this is a very competitive business with rates varying by company. You can usually shop around for rates using online quote requests or contacting independent agents who represent a number of companies and can find the best policy at the lowest rate for you.There are also a number of policy types that can be issued for this type of insurance. Term, Whole Life, Universal and No-Load are just a few of the many types available on the market. You should research each type to find out which one best fits your needs for coverage. Each different type of policy will have different rate structures associated with it. Generally speaking, term life insurance is the cheapest but it also builds no cash value unlike other types of policies.

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Everyone should maintain some form of life insurance to protect from the unforeseen. And the younger you are when you decide to buy a policy the cheaper it will be in the long-run.