Credit Card Debt Truths

By Layla Vanderbilt

The American people have heard that everyone is in a lot of debt. This is because there are a lot of rumors about credit card debt that people hear every day. There are many sources such as the media, the government, and even bank officials that claim each American is thousands of dollars in debt when it comes to credit cards. People start to believe these rumors because of all of the statistics that officials show. Because of the media and statistics the real truth about credit card debt is hidden and can only be seen if the statistics are broken down further.

You may have heard the statistic that the average American has more than $8,000 in credit card debt. While this statistic is true, it only holds true if you're considering every American in the country. Most statistics don't include every American, only those that have credit cards. Thus our image of the average American family with a house and kids is skewed as not all of these "average" Americans have credit card debt. The problem is when they mention the word average in their statistics we are lead to believe that it's this type of family that we often think of when in fact they actually use the mean of the people who have credit card debt.

The truth is that 1 in 20 American households actually have more than $8,000 in credit card debt. This is because many families don't even have credit cards. Another huge chunk of American families pay off their credit cards as soon as they get the bill and thus don't even owe anything to the credit card companies even though they have credit cards. Out of the remaining families only a very few owe $2,000 or more in credit card debt. Thus you can see that the "average American household" number is deceiving.

The reason that the truth about credit card debt is hidden is because of how they got the $8,000 number. They got it by taking $750 billion, which is all the outstanding credit card debt, and divided it by 84 million, which is the number of American households that have credit cards. While this may seem reasonable at first glance it's just a myth when you're talking about the average American household.

An astounding 23.8% of American households don't even have credit cards! These households weren't included in the calculation since they don't have credit cards. Another 31.2% of Americans pay off their cards as soon as they get the bill. This totals to an astounding 55% of American households that have no credit card debt.

Out of the 45% 29% have $1,000 or more in credit card debt, 21% of households owe $2000 or more, 4% owe $10,000 or more, and 1% owe $21,000 or more. These numbers show that 26% of the American people carry all of the debt that is owed for debt that is $2,000 or more. American households owe very little to credit card companies. Most of the households that due have credit card debt have less than $1,000. The truth is that most of the American people are not in credit card debt and nowhere near the rumored numbers. - 23217

About the Author:

Layla Vanderbilt is the webmaster for a leading website that offers for debt consolidation advice and guidance.

Is IvyBot Forex Trading Software For You?

By John Adams

Automatic forex trading system is for people who either have little to no knowledge, don't have to lift a finger or trust the, automated forex trading system. Picking the absolute forex trading system has become a notably important reason in the world of forex. If you'd like to commit a great living by means of online forex trading, but do not have an idea how to, then automated forex software can be the solution. The innovation of forex trading robot software has again demonstrated the capability of the human mind to develop resources and technologies .When it comes to forex trading systems there is no doubt that ivybot is one of the absolute forex robots ever released in the market.

Here we will discuss about how you can begin an automatic forex trading journey, without worrying about tremendous investments. The real truth behind Ivybot, dose IvyBot Live up to its Promise?, Less examine it. This Forex trading software was extensively tested by the ivybot team of developers. The Forex trading software ensures that you get profit from Forex trades, without the inhuman amount of effort it takes to constantly monitor the system for trends, patterns, etc. around the clock, which is, ironically, usually the best way to get the most profit from this huge market. This system automates everything so that you only have to work smart, not work hard, for a very lucrative experience with the Forex market. These are the potential benefits that automated Forex trading software can provide us.

Years of study have been put into IvyBot forex trading software, which proves its mettle both in demo testing and in live testing. Numerous customer testimonials (made by people who have either little to no experience with Forex trading) also attest to its effectiveness. They claimed Ivybot does not need huge amounts of money to begin trading for profit: an investment of $50 would suffice. Larger amounts, of course, will be easier and less of a risk once a forex trader starts earning via the automated forex robot.

From my early opinion I think this forex trading software could be used by a beginner or an expert. Newbie's will like the simplicity while experts will like to take the more advance route. Most importantly, does some extensive research of forex trading system reviews before you get into the currency trading market? There are some excellent currency trading platforms out there. There are some very bad websites, so make sure that you look at these less positive reviews and steer clear of them. You have been warned!!!

Our research has shown that Ivybot, being an extensively tested and proven to be an effective piece of software, is worthy of all the praise it has been receiving. Its ease of use is also another huge factor to its effectiveness, as you do not have to be a Forex veteran.

The IvyBot is a very sophisticated trading system built by some of the most intelligent minds in the world, graduates of Ivy League Universities, thus the name Ivy-Bot. It is a strategy built through years of extensive trading research, testing, and development. It is a fully automated system that provides a true solution for people who want to trade the Forex market with no human intervention. The Most Professional Forex Robot to ever hit the market Built by the world's greatest financial and mathematical minds - 23217

About the Author:

John Adams specializes in reviewing professional Forex trading Software, that can make you profit when forex trading. We only review the best Automated Forex softwares, on the market. To get instant access to the most profitable Auto Forex trading system.

Strategies To Make Huge Profits Trading Forex As A Vital Part Of An Investment Portfolio

By Bernard McMillan

You can make huge profits trading Forex, but your Forex investments should be a part of a larger investment plan that is included in a balanced stock portfolio. The balanced approach lets you take advantage of the huge gains that are possible but also provides a great way to protect yourself from the volatility of high risk investments.

Through the years, a balanced investment strategy has proven to be a very successful strategy to manage your portfolio. This strategy keeps both risk and return in balance.

In general, the Forex market is an aggressive market. It offers the potential for a large profit as well as for large losses in a very short time. Investments may double overnight, but can also dissolve just as quickly.

The Forex market offers an aggressive strategy of investment. This means it is a good way to find short term profits and give you a larger growth potential. This type of investment offers several advantages. Of course, you may be able to turn a quick profit. This is sometimes ideal if your initial investment capitol is small. The strategy is good for persons that have some experience in the market or for those who have a strict plan for managing their investment. It does not work as well for persons needing regular monthly earnings to cover their living costs.

If you are looking for a method of investment that does offer monthly income or preserves your capitol, the defensive strategy is a popular choice. This strategy would avoid foreign investments and other high risk investments. Instead, you would invest your dollars in markets that are much lower in risk. These investors are likely to choose treasury notes or precious metals that tend to retain their value no matter what happens on the market. While these investments do make a profit, it will take longer to see a large return on the investment.

Defensive investment is an excellent choice for persons that are just beginning in the market. The strategy does have the disadvantage of a low return as well as the need for a large investment of capitol. When trying to build a balanced portfolio the investor will include some defensive investments to preserve capitol.

The balanced strategy of investment follows a specific rule. That rule tells the investor how much money to place in each of his types of investments. Some monies will be invested in Forex while others will be in the more secure investments. A balanced fund gives both growth and security to the investor. Some monies will be micromanaged while other are left along for automatic growth.

Since investors have differing needs, they will often tweak the balanced investment rule to meet their own needs. Persons wanting a slightly higher yield will invest a slightly higher percentage in the more volatile market, while those needing more assurance of a defensive strategy will adjust the formula in that manner.

If you are looking for the highest possible return on your investment dollar, remember that you can Make Huge Profits Trading Forex. - 23217

About the Author:

In order to get with forex trading systems, you need to know the overview information. For those that needs to take effort to the foreign exchange market, you can find many websites that can help you get started.

How To Buy Penny Stocks

By Codynb Debra

The SEC defines penny stocks as "low-priced, hopeful instruments of minute companies. While penny stocks often are quoted over the counter, such as on the OTCBB or in the Pink Sheets, they may also trade on stocks exchanges, including foreign stocks exchanges. In addition, penny stocks include the securities of certain personal companies with no active trading market.".

Last fall, the SEC took the unprecedented action of banning short sales and asking for a short cover on money sector stocks that taken a thrashing by the shorts. It's a lament that penny stock firms have been bitching of for a long while but went unnoticed. And now these established, down-on-their-luck money firms have convinced the american public that they're worthy of billions in taxpayer greenbacks because they're established corporations and not conventional penny stocks as defined by the SEC.

So what have we really done for these behemoths? We've changed the dictionary definition of penny stocks to accommodate them. We've changed the level playing field by exempting them from short sellers. And now we are giving them tax bucks like some government funded clinic while conscientious entrepreneurs have to battle for their place in this shrinking economy.

You've heard of penny stocks, but the mere name of them scares you, just because of its speculative sound. Yet you know that many folks claim to have made absurd profits in the penny stock market. But before you decide to get involved in penny stock trading, you want to become educated in all the penny stock language, so that your definition of the best penny stocks matches that of those who trade them for a living.

There are people who outline the best penny stocks re their price per single share. The securities and Exchanged Commission, or SEC, has established a minimum price for.

Stocks to trade on the bigger exchanges ; normally it is $4 or $5 per share. So that the best penny stock definition, according to them, would be any stock which failed to meet the threshold $4 price to get it off the penny stock exchange.

Once a stock has been sent to the penny stock exchange, it will trade there till the company is in a position to re-qualify it for a bigger exchange, and this could not occur even if it is trading above $4 or $5, because other conditions have to be met. So many traders look at where a stock is trading as the best penny stock determination.

If you have decided never to hold a stock which gets over the $2 level because the best penny stocks to trade are under $2, then you should sell all of your stocks as fast as they hit $2 rather than in hope of another nickel or dime. Your best chance of being one of those individuals that make cash in penny stocks, finding a way to decide on the best penny stocks, and sticking wh it, is your best hope. - 23217

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how to buy penny stocks how to buy penny stocks

Automated Forex Trading Software

By Adrian Logan

There are a few things to think about before investing your money in the Forex market. The reason is because making money in this market involves a lot of risks as well. Forex trading software can help in minimizing such losses, and help you make money.

You should know that in every investment, the trade can end up as a losing game. So before investing money, you should be ready to face some loses. Forex automated software reduces the chances of loss.

Last time, it was hard to analyze the Forex market as it was very volatile. And only few experienced traders were available for trading advice. But even then, the majority of trades were end up in losses. Although these losses can not be 100% eliminated, Forex automated systems can minimized them.

With the help of many experienced traders, Forex automated software has been evolved over the period of many years. Now, these automated software are working quite successfully. In the beginning there were many short comings but now with the advancement of technology these draw backs have been covered.

These software are helping a large number of traders to reduce the chances of lose to almost nil and theyy can invest their money in Forex trading with confidence. Good robots can have more than 95% winning percentage. No software claims 100 % accuracy. It is not possible.

These automatons saves a lot of time and helps in making quick trading decisions. They analyze the market and make nearly accurate predictions. They provide you up to date currency rates and market data.

You have to choose the right software; a bad automaton will provide you inaccurate market data which will lead you to losing your money. So, choosing good Forex software is very important.

Knowledge is very important for Forex trading; a good Forex robot will supplement your knowledge with its qualities and will make a winning combination. Your experience will be a big plus in this game of digits.

Now traders can work with ease, efficiency and accuracy. That is how much forex trading software has created a big difference in currency market. In future we can expect to see even better automated Forex trading systems. - 23217

About the Author:

Read about a Forex robot that is capable of doubling your money every single month. Click here to see the live proof of a $5100 real money deposit turning into $42,500.