3 Ways to Improve Your Credit Score by 50 Points In Less Than 30 Days.

Written by Hartley Pinn


Continued from page 1

Basically, I wrote letters torepparttar collection agencies requesting proof thatrepparttar 112414 accounts were mine. 89% ofrepparttar 112415 time they had no proof thatrepparttar 112416 bad accounts belonged to me. So I was able to get them deleted from my credit file.

Step #2: I opened new accounts with high credit limits and keptrepparttar 112417 balances low.

I discovered that if you keep your available credit limits high and only use 10% to 30% ofrepparttar 112418 credit you have available, your credit score will improve dramatically.

Step #3: Next, I added accounts with years of perfect payment history to my credit file. This step took my credit score from 647 to 762.

While you can certainly add seasoned accounts to your credit file for free, there are companies that claim they can do it for a fee.

The problem is, they charge between $2,000 and $2,500 per account. If you want a 700+ credit score you’ll need 3 to 4 of these accounts. That equates to a cost of $6,000 to $10,000.

(You can conduct a search on your favorite search engine for companies that offer this service.)

While there are several highly effective steps you can take to increase your credit scores by as much as 200 points, these arerepparttar 112419 main ones…And here’srepparttar 112420 good news: Each step can be completed in less than 30 days.

By Hartley W. Pinn, Jr, CEO, AtBalanceCreditRepair.com Revealing the insider credit secrets you can use to increase your credit scores by up to 200 Points.

For more information please visit: www.AtBalanceCreditRepair.com/credit/8


A correct investment approach

Written by Andy George


Continued from page 1

GROWTH PROSPECTS: Further to this investors should invest in those companies that have good growth prospects in relation to their Price Earnings Ratio. One way to do this is to comparerepparttar Prospective Price Earnings Ratio ofrepparttar 112413 Company (i.e. forrepparttar 112414 current year) againstrepparttar 112415 expected annual growth in Earnings per share. Ifrepparttar 112416 figure is below 0.75 times then a purchase ofrepparttar 112417 shares should be considered.

A practical example that illustrates this point in Cyprus inrepparttar 112418 past isrepparttar 112419 shares of Multichoice (a paid for subscription TV Channel). The Prospective P/E Ratio ofrepparttar 112420 business is estimated at around 13 times withrepparttar 112421 expected growth of earnings estimated at 20% per year. I believerepparttar 112422 growth rate is high due torepparttar 112423 management skills ofrepparttar 112424 Group andrepparttar 112425 expansion plan ofrepparttar 112426 Group. Sincerepparttar 112427 PEG factor is 0.65 times then this is a good candidate for investment. Had investors used PEG factors whenrepparttar 112428 index was high then nearly all shares would have registered a sell signal.

PRICE EARNINGS RATIO: Additionally investors should userepparttar 112429 Price Earnings Ratio to help them decide if shares are cheap or not. I believe thatrepparttar 112430 way to do this is to compare similar companies in both domestically and abroad. However investors must be careful in that they should use future earnings not past earnings as a guide to making this calculation. This is because historical earnings do not always provide a good guide of whatrepparttar 112431 future performance will be. Another important point that I always highlight in my articles is thatrepparttar 112432 P/E Ratio must be based on operating activities. It should eliminaterepparttar 112433 effects of exceptional items (i.e. non recurring events).

An example to illustrate this is as follows. A Company last year made CYP 5.5 million of which CYP 5 million were investment gains. The P/E Ratio should be based onrepparttar 112434 earnings from operating activities (i.e. Maintainable Earnings) and not Earnings including exceptional items. Hencerepparttar 112435 figure to use for calculatingrepparttar 112436 P/E Ratio in this example is CYP 0.5 million plus/minus an adjustment forrepparttar 112437 current year’s earnings.

Another point that needs to be considered is if Company is heavily geared or not (i.e. if its Debt is high in relation to its Shareholder Funds). A highly geared company has a high financial risk. Such companies will be badly hit if there is a recession inrepparttar 112438 economy and/or ifrepparttar 112439 industry as a whole has been badly hit. This is because if there is a fall in their Operating Profit then they may not be able to cover their interest obligations sincerepparttar 112440 latter is fixed cost. In times of recession lowly geared companies will not haverepparttar 112441 same problems since they will have low interest charges. Since there isrepparttar 112442 possibility thatrepparttar 112443 Cyprus economy may move into a recession (i.e. due torepparttar 112444 CSE slump) investors should tread carefully when considering investments in highly geared companies.

NET ASSET VALUE (NAV): Another vital question that must be answered is whetherrepparttar 112445 net asset value per share is higher thanrepparttar 112446 share price. Another way one can put this is whetherrepparttar 112447 Price to Book Value (PBV) is under 1 times. If a Company has a PBV of less than 1 then it means thatrepparttar 112448 share price is supported by strong asset backing and it may indicate thatrepparttar 112449 downside torepparttar 112450 share price is restricted. The opposite may be true for companies with high PBV values.

There are a number of old industry stocks (especially inrepparttar 112451 retail sector) whererepparttar 112452 NAV is equal if not greater thanrepparttar 112453 share price. That means an investor can buyrepparttar 112454 shares at a price belowrepparttar 112455 net asset values of a business. If one carries out research on other stock exchanges this is a phenomenon that occurs in a bear market. In a bull market this is likely to reverse with few shares below their NAV.

An example inrepparttar 112456 London Stock Exchange of a share where exceptional gains were made when a company had a low PBV was Aston Villa (the football club) who had a PBV of around 0.2 times in 2003 and whose share price fromrepparttar 112457 middle of 2003 torepparttar 112458 middle of 2004 has increased by around 200%!

Investors should also pay attention torepparttar 112459 investment sector where there are companies whose share price is at a 30% discount to their NAV. In bull markets this discount tends to narrow hence providing markets stabilise at these levels such investments could represent good buying opportunities.

Finally,repparttar 112460 liquidity ofrepparttar 112461 company is also important since many profitable businesses have failed due to a lack of cash. There are a number of ways of doing this. One away is by looking atrepparttar 112462 Cash Flow Statement that indicates whetherrepparttar 112463 company has increased its cash balance and this analyses its sources and applications of funds. A more easy method is to examinerepparttar 112464 Current Ratio ofrepparttar 112465 Company. This isrepparttar 112466 Current Assets divided byrepparttar 112467 Current Liabilities of a company. Ifrepparttar 112468 figure is above 1.5 times this suggests that short-term liquidity is satisfactory. Ifrepparttar 112469 figure is under 1 times then this indicatesrepparttar 112470 business may have problems. Care needs to be taken in interpreting this figure since new sources of finance (e.g. share issues) or new applications of funds (e.g. purchase of fixed assets) may affectrepparttar 112471 figure sincerepparttar 112472 Balance Sheet date.

CONCLUSION: Afterrepparttar 112473 bad experiences ofrepparttar 112474 past it is important that investors do carry out their own research before making investment decisions. I do not believe that investing onrepparttar 112475 basis of “rumours” will work as an investment strategy but do believe that investing onrepparttar 112476 basis of value will pay dividends inrepparttar 112477 long-term.



Andy George is an accountant with years’ experience as a lecturer. Andy was financial correspondent for eight years at the Cyprus Financial Mirror where he wrote articles on business & accounting related issues to a non-technical audience.

He is the author of eBooks: How to write and Publish Your Own With a Shoestring Budget http://www.budgetebook.com New! Easy Way to Make Auto-Pilot Income http://www.budgetebook.com/cbmall




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