UPDATED: Bournemouth businessman Richard Carr appears in court over fraud and theft charges

Carr, 55, of Lagoon Road, Poole, was joined in the dock at Bournemouth Magistrates Court by Dene Norman Burgess, 56, and Susan Burgess, 51, both of Banks Road, Poole, and James Beedham, 38, of Bridle Crescent, Bournemouth.

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Posted on April 24th, 2014 by Admin  |  No Comments »

Clean slate for debt-free consumers

“It also gives relief to a consumer whose financial position has changed, to start on a clean slate.”

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Posted on April 23rd, 2014 by Admin  |  No Comments »

How Berkshire Hathaway thinks of reinsurance float: Warren Buffett

Warren Buffett explains how the float works for Berkshire; “Property-casualty (“P/C”) insurers receive premiums upfront and pay claims later. In extreme cases, such as those arising from certain workers’ compensation accidents, payments can stretch over decades. This collect-now, pay-later model leaves P/C companies holding large sums – money we call “float” – that will eventually go to others. Meanwhile, insurers get to invest this float for their benefit. Though individual policies and claims come and go, the amount of float an insurer holds usually remains fairly stable in relation to premium volume. Consequently, as our business grows, so does our float.”

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Posted on April 22nd, 2014 by Admin  |  No Comments »

Home Loans Today: 30-Year and 15-Year Fixed Mortgage Rates at Citi Mortgage for March 19

In the refinance loan arena, Citi Mortgage advertises the 30-year FRM at a rate of 4.500%, up by 0.125% since yesterday. Although, this is a slight increase in interest rate, the current rate is still pretty much competitive compared to other top lenders’ similar loan offerings. Moving on to the 15-year refinance loan, it’s published at a rate of 3.375% on Wednesday, the same rate level that we spotted a day earlier. As far as the corresposnding annual percentage rates (APRs) are concerned, they moved up on most of the above mentioned loans. For additional details on current mortgage rates, discount points and APRs, please check the data below.

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Posted on April 22nd, 2014 by Admin  |  No Comments »

WARREN BUFFETT'S ANNUAL LETTER IS OUT — Here Are The Key Points (BRKA, BRKB, DIA, SPY, SPX)

Buffett bulleted five fundamentals of investing, which we paraphrase:
  • "You don't need to be an expert in order to achieve satisfactory investment returns." But Buffett also warns that the investor should recognize her limitations and "keep things simple.
  • "Focus on the future productivity of the asset you are considering." Buffett notes that no one can perfectly forecast the future profitability of an investment. "[O]mniscience isn't necessary; you only need to understand the actions you undertake."
  • "If you instead focus on the prospective price change of a contemplated purchase, you are speculating." Buffett has nothing against price speculation. But he emphasizes that it's important to be able to know the difference between investing for the productivity of the asset versus investing on hopes that the price of the asset changes.
  • "With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays." In other words, focus on the long-run.
  • "Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important." So mute CNBC, Bloomberg TV, and Fox Business. Unless Warren Buffett comes on.

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Posted on April 21st, 2014 by Admin  |  No Comments »