Saturday, May 17, 2008

Using mutiple credit cards

If you use multiple credit cards and payoff the balance every month here is one trick to extend your balance:
1) Use 3 credit cards with 3 different billing/statement dates spread across month. i.e. 1st card bills you on 5th, second on 15th and third on 25th etc.
2) While doing purchase use the card which is past bill/statement date. for example on 16th use second card.

Using above formula you can extend usual 25 days of interest free balance up to 55 days. This helps a lot specially when you are making major purchase i.e. buying airline tickets or big ticket items.

Thursday, May 08, 2008

Inflation everywhere

After price of gasoline and food grain going up in 2 digits, it is time for other commodities. Soon you will get high electricity bills, high cost of consumer goods and services.
As per IMF Inflation is emerging as a threat to economic stability after years of ``quiescence,'' and officials must be wary of policies that stoke consumer prices.

Thursday, May 01, 2008

Taking Risk

If you had bought Visa stock on first date of trading and sold it today you would have made 51%. If you were lucky to get Visa stock in IPO than you could have made almost 100% gain.

V