About My Credit Card Debt
Newer readers may be alarmed by my high levels of credit card debt. I’m actually borrowing money for free, putting it in safe investments that earn me 5-6% interest, and keeping the difference as profit. Along with other things, this helps me earn extra side income of thousands of dollars a year. Recently I put up a series of step-by-step posts on how I do this. Please check it out first if you have any questions. This is why, although I have the ability to pay the balances off, I choose not to.
Commentary
August was still a very transitional month with starting new jobs, meeting new people, and getting used to ...
LONDON?London-based Brit Insurance Holdings P.L.C. has posted stable pre-tax profits of £106.8 million ($215.2 million) for the first six months of 2007 after recent exposure to weather events. Gross written premiums are up 4.6% to £727.4 million ($1.47 billion), for the first six months of...
LONDON? XL Insurance in London, a unit of Bermuda-based XL Capital Ltd., has increased its construction underwriting capacity from $40 million to $100 million and announced the appointment of seven new construction underwriters across Europe. The new underwriters take the company?s...
LONDON? new investment fund, launched to invest in the Lloyd?s of London market and acquire corporate members, has listed in London today. Hampden Underwriting P.L.C. has raised an initial £5.2 million ($10.5 million) through an initial public offering of shares on the London-based Alternative...
PARIS?SCOR S.E. has named its new executive committee and outlined its organizational structure following the company?s takeover of Converium Holding Ltd. The committee is headed by Denis Kessler, group chairman and chief executive officer of Paris-based SCOR, and comprises: Uwe Eymer, CEO of...
BEIJING, China? Zurich Financial Services Group has unveiled a new distribution strategy in China that will operate as Zurich Insurance Brokers (Beijing) Ltd. The new distribution platform is built from the 24.51% stake that ZFS acquired in Beijing-based Best Harmonious Insurance Brokers Co....
It’s becoming our weekly ritual to browse Open Houses on Sundays. We usually try to have a theme, from “cheap condos we’d eventually outgrow” to “houses that would be a stretch, but we could live in forever”. Last week, we actually did “beautiful multi-million dollar homes we’ll never afford” just for fun and possible remodeling ideas.
More and more short sales
One common theme that we’ve been noticing across the board is more short sale houses. Whenever you see a house listed for sale that just seems too cheap, it’s likely a short sale. A short sale is a type of pre-foreclosure situation where the buyer is already in default of the mortgage loan, but the bank has not ...
LONDON?A.M. Best Co. Inc. has downgraded its syndicate rating of Ascot Underwriting Ltd.?s Lloyd?s of London syndicate 1414 to A from A. Oldwick, New Jersey-based Best said the action followed the cancellation by American Home Assurance Co., a member company of New York-based American...
PARIS?SCOR S.E. Monday outlined version two of its ?Dynamic Lift? plan, following the company?s takeover of Zug, Switzerland-based Converium Holding Ltd. Last week, at an extraordinary general meeting, Converium?s named was changed to SCOR Holding (Switzerland) Ltd. and a new board was...
