College Graduates Struggle With Student Loan Spiral

I now owe more than I borrowed. My interest is 9%. That is what the interest was back in 1993. I got a fixed rate because, really, who knew that interest rates were going to go so low. I have been paying for 18 years, deferred at times due to unemployment and other debt issues and I do not see any end in sight. My original loan was for $9000 and I now owe over $13,0000.
Source: http://www.wral.com/is-there-any-hope-for-me-and-my-student-loans-/13158154/

Issues Chopra said “are not well understood” include why some borrowers repay loans faster, why they fall behind on their loans, and reasons for default. I am quite concerned that financial regulators and the public lack basic, fundamental data on student loan origination and performance, Chopra said in a speech at the Federal Reserve Bank of St. Louis. The lack of good data is adding further uncertainty about the potential spillovers into the rest of the economy, he added. Federal officials outside the Education Department, especially those at the Treasury Department, have long complained about the lack of reliable data on the federal governments $1 trillion student loan portfolio. For example, officials are unable to determine the number of borrowers delinquent on their obligations, or the share of distressed borrowers in repayment plans that are based on their monthly incomes.
Source: http://www.huffingtonpost.com/2013/11/18/student-loan-data_n_4299000.html

The loans, which were taken out between 1990 and 1998, are likely to be sold for significantly lower than their market rate. Universities Minister David Willetts announced plans to sell the loans in March, saying the “mortgage-style” student loans will “allow us to reduce public debt and maximise the value of one of the government’s assets. A fresher at Manchester university browses books at a secondhand stall. Student loans from 1990 to 1998 will be sold to a private debt collection agency on Monday “The private sector’s expertise makes it well placed to collect this debt and the sale will also help the Student Loans Company to concentrate on providing loans to current students.” Many whose loans will be included in the sell-off took to Twitter on Sunday evening to voice concern about the plans to sell the loans to a debt collection agency. I wish there was a way I could stop them selling off the student loan book, it’s http://www.obamastudentloanforgiveness.net lunacy.
Source: http://www.huffingtonpost.co.uk/2013/11/24/student-loans-sell-off_n_4333887.html?ir=UK+Universities+%26+Education

The Striblings got married, and the future looked bright for them until the economy took a dive, just as they accepted their diplomas. “Everybody had huge layoffs, nobody was hiring,” Sam said. The Striblings moved in with parents and took the only jobs they could get. “At Hallmark, I was making $8.50 an hour,” Emily said. They put their student loans on hold to get their feet on the ground. Now, both have great jobs, but their debt skyrocketed.
Source: http://www.myfoxdfw.com/story/24067269/college-graduates-struggle-with-student-loan-spiral

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Best Stocks To Buy Now

Smart Stocks to Buy for Your Taxable Account

Rowe Price tells Eric Schurenberg why stocks will be better than bonds in 2010 and good stocks to buy right now tries to channel Fed chief Ben Bernanke. Minack and Todd agree, writing that the valuation gap [between high-quality and low-quality stocks] is now extreme enough to stanch qualitys underperformance, and go on to conclude that overweighting quality stocks should result in handsome outperformance when equity markets see a material pullback in response to a disappointing 2010. Its a compelling and logical argument, burnished by the reputation of Grantham, who correctly identified the stock markets last two bubbles. But before you rush off to position your portfolio to capitalize on these predictions, consider these questions: What do they know that the market does not? The high-quality blue chip firms these professionals are describing are among the most widely followed (and owned) stocks on Wall Street. Its entirely possible that past cycles will repeat, and this sector of the market will outperform in the intermediate term as high-quality growth stocks return to their traditional valuation levels.
Source: http://www.cbsnews.com/8301-505123_162-51367074/best-stocks-to-buy-now/

Top Technology Stocks to Buy from the UBS Conference

You deserve the same. That’s why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool’s 3 Stocks to Own Forever . These picks are free today! Just click here now to uncover the three companies we love. Fool contributor Dan Caplinger owns shares of Berkshire Hathaway. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and priceline.com.
Source: http://www.fool.com/investing/beginning/2013/11/24/smart-stocks-to-buy-for-your-taxable-account.aspx

23 Commercial Banking Stocks to Buy Now

Portfolio Grader

The Thomson/First Call price target is $65. Salesforce closed Tuesday at $52.74. Cisco Systems Inc. (NASDAQ: CSCO) had disappointing earnings, and once again Wall Street firms are starting to take a wait and see approach.
Source: http://www.marketwatch.com/story/top-technology-stocks-to-buy-from-the-ubs-conference-2013-11-20

The Thomson/First Call estimate was not available. Nokia closed Friday at $8. ON Semiconductor Corp. (NASDAQ: ONNN) is another tech name to buy at Merrill Lynch. The company is driving energy efficient innovations, empowering design engineers to reduce global energy use.
Source: http://247wallst.com/investing/2013/11/18/new-top-stocks-to-buy-under-10-with-big-upside/

Why to Buy Large-Cap Stocks Now

22, 2013 6:13 p.m. ET Many investors are already familiar with the so-called January effectthe tendency for the stocks of the smallest companies to perform particularly well at the beginning of the year. Less well known, but equally pronounced, is another seasonal pattern, though this one occurs before the end of the year rather than after: Until Dec. 31, it’s the stocks with the largest capitalization that tend to lead the market.
Source: http://online.wsj.com/news/articles/SB10001424052702304607104579212281193906474

New Top Stocks to Buy Under $10 with Big Upside

Huntington Bancshares is a multi-state bank holding company. The stocks current price of $8.87 is approaching the 52-week high of $9.06. For more information, get Portfolio Graders complete analysis of HBAN stock . This is a strong week for Independent Bank Corp.
Source: http://investorplace.com/2013/11/23-commercial-banking-stocks-to-buy-now-pnfp-tayc-blmt/

Merrill Lynch Sees Seven Stocks to Buy for Breakout Patterns

(NYSE: ICE) is a top financial name that makes the grade in both analysis categories. The company announced this week that it has signed a definitive agreement to acquire the Singapore Mercantile Exchange. The terms were not disclosed, although IntercontinentalExchange did say that the purchase will be effected in an all-cash transaction. This comes on the heels of the recent acquisition of NYSE Euronext.
Source: http://247wallst.com/investing/2013/11/21/merrill-lynch-sees-seven-stocks-to-buy-for-breakout-patterns/

Keys To Successful Trading: Matching Personality With Trading Style Part I

Because the $85.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.41% return on the cash commitment, or 11.23% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of the S&P 500 Below is a chart showing the trailing twelve month trading history for ASML Holding NV, and highlighting in green where the $85.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $90.00 strike price has a current bid of $7.60.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/11/20/first-week-of-asml-july-2014-options-trading/

In a statement, the BIR said Mantext Marketing and Pop Trading and their warehouses in Quiapo and Malabon were shuttered due to failure to file income tax and VAT payments. Their office address is 462 C. Palanca St., Quiapo, Manila. The BIR said Mantext and Pop Trading are owned by Ariel Acusta Amor and Arnold June Layugan respectively. But the BIR said the two companies, which are said to be engaged in the retail and wholesale of speakers, are allegedly owned by an unnamed Chinese national.
Source: http://www.abs-cbnnews.com/business/11/21/13/bir-shuts-2-quiapo-trading-stores-tax-evasion

Treasury Secretary Jack Lew has told the five regulatory agencies involved to get the work done before the end of the year, and they are now eyeing http://www.etftradingsignals.com next month to make a final decision on the 1,000 page rule. One senior regulator on Wednesday launched an attack on the latest draft, highlighting the discord that still surroundings the rule after several years and hinting at how left-wing politicians regard the law. “Given what I’ve read, Volcker isn’t worth doing if the language remains as is. I’d oppose it if there were a vote now,” Bart Chilton, a member of the Commodity Futures Trading Commission (CFTC), said in a statement. Chilton is the first regulator to speak publicly about the law.
Source: http://www.reuters.com/article/2013/11/21/us-usa-fed-yellen-volcker-idUSBRE9AJ1DO20131121?feedType=RSS

The banks foreign exchange options desk posted a net loss, the newspaper said. It isnt clear how large the trade was or how long it was in place, according to the report. Michael DuVally , a spokesman for the New York-based bank, declined to comment. The company, which had the steepest drop in trading revenue among Wall Streets largest banks, posted trading losses on 15 days during the third quarter, the most since 2011. The bank posted more than $1 billion in market-making losses on currency products in the third quarter, Reuters reported , citing U.S. Securities and Exchange Commission and Federal Reserve filings.
Source: http://www.bloomberg.com/news/2013-11-21/goldman-s-currency-trading-revenue-fell-on-options-bet-wsj-says.html

Therefore losses compound quickly and frustration sets in. On the other hand, the swing trading or position trading style may be more suited to analytical traders. Since these trades can last over a span of several days or weeks, analytical traders have much more time to prepare for trade and are reluctant to take the quick profit. The process of reviewing economic reports, news releases, trade balance numbers, and technical like trend direction, support and resistance levels is enjoyable and is suited to the thinking analytical person.
Source: http://finance.yahoo.com/news/keys-successful-trading-matching-personality-040800874.html

Student Loan Deal Passes Senate

Durbin, earlier this year floated legislation to allow private student-loan debt to be discharged in bankruptcy. However, the proposal doesn’t address federal loans, the bulk of outstanding student debt, and doesn’t clarify Chapter 13’s repayment rules. Falling behind on student loans can have other consequences. In 2009, a Florida optometrist told Bankruptcy Judge John K. Olson that she could lose her professional license if state regulators found out she defaulted on her student loans. Judge Olson allowed the woman to keep making full payments, but lawyers say fighting for such exceptions can be an expensive battle with a high risk of failure.
Source: http://online.wsj.com/news/articles/SB10001424052702303983904579095262035350296

My Daughter’s Life is Over With These Private Student Loans

Settlement certainly isn’t an easy way out. Borrowers often face a tax bill for any portion of a loan that’s forgiven, since tax authorities consider forgiven debt to be income. Settlements also have severe negative repercussions for borrowers’ credit scores. That’s why Minsky counsels his clients to consider all other options first, including loan forgiveness, income-sensitive repayment plans and loan rehabilitation, a federal student loan program that expunges defaults from borrowers’ credit reports after they make nine on-time monthly payments. Some clients decide to take those other paths, while others see a settlement as a way to close out a difficult chapter of their lives.
Source: http://www.reuters.com/article/2013/11/04/us-weston-studentloans-idUSBRE9A30Q920131104

Choosing to pay for college through a private student loan is no better than paying for it on a credit card. Private student loans are generally more expensive and risky for consumers than more-common federal student loans, and dealing with private student lenders can be a tremendous hassle, states the PIRG analysis. PIRG also found that high debt borrowers are also disproportionately PSL borrowers, often with $40,000 or more in total debt. Even worse, PSL repayment was the subject of nearly 65 percent of the more than 4,300 complaints received by CFPB from October 1, 2012 through September 30, 2013. Repayment concerns included fees, billing, deferment, forbearance, fraud and credit reporting.
Source: http://northdallasgazette.com/2013/11/10/private-student-loans-no-better-than-using-a-credit-card-for-college/

I am very sure there are thousands and thousands of others struggling too. She does NOT want to file bankruptcy – she want to pay what she owes…she is a good kid… My daughter borrowed $35,000 in PRIVATE school loans..She has paid at least $15,000 back-yet her total debt is now >$45,000!!!! How can this happen??? She has to pay $150.00 to even ask for forbearance..like when in hospital for surgery and unable to work ( as a waitress) because her BFA has not provided any increased opportunity for work in her field …she has struggled for 7 years- living in abject poverty under the weight of this loan system.
Source: <a http://www.obamastudentloanforgiveness.net href=’http://www.huffingtonpost.com/steve-rhode/my-daughters-life-is-over_b_4256568.html&#8217; >http://www.huffingtonpost.com/steve-rhode/my-daughters-life-is-over_b_4256568.html

It only affects Stafford loans, which are made by the U.S. government to help finance a college education. Students can apply through their university financial aid office. The loans are limited to no more than $5,500, for a mix of subsidized and unsubsidized loans for the freshmen year and $7,500 for juniors and above. On July 1, the interest rate on subsidized Stafford loans doubled from 3.4% to 6.8%.
Source: http://money.cnn.com/2013/07/24/news/economy/senate-student-loans/index.html

I dont see any end, said Laurie Banks, who graduated from BYU in June 2012. I make minimum payments every month and just keep trudging along. Banks has a couple of state loans and some federal loans to pay off, too. She said it was worth it to get her education, which helped her get her job as a technical writer. But the debt constantly weighs on her. My tactic is to tread water, Banks said.
Source: http://www.deseretnews.com/article/865590273/Experts-offer-advice-about-paying-off-those-dreaded-student-loans.html?pg=all

Dubai Stocks Climb Most In Week On Expo 2020 Bets; Kuwait Gains

employers added 204,000 jobs in October, an unexpected burst of hiring during a month in which the federal government was partially shut down for half the month. The unemployment rate rose to 7.3 percent from 7.2 percent. The report was much stronger than economists were expecting. They were forecasting that 130,000 jobs were created, according to FactSet. It was the second piece of unexpectedly robust economic news that Wall Street received in the past two days. The Commerce Department said Thursday that the U.S.
Source: http://www.nj.com/business/index.ssf/2013/11/stocks_edge_higher_on_surprisi.html

Moreover, stock-index futures’ initial response to the Friday jobs data was to fall, though stocks rebounded during the day. The S&P 500-stock index added 23.46 points, or 1.3%, to 1770.61, capping a 0.5% increase for the week, its fifth consecutive weekly gain. The Nasdaq Composite Index rose 61.90 points, or 1.6%, to 3919.23, but fell 0.1% on the week. Year to date, the S&P 500 is up 25% on a total-return basis, which includes dividend payouts.
Source: http://online.wsj.com/news/articles/SB10001424052702304448204579185102459170352

The answer is yes, says Kishor P. Ostwal, chairman and managing director, CNI Research Ltd. Ostwal further adds that foreign institutional investors own substantial part in the Sensex and CNX Nifty stocks and they will also book profits and look for opportunities in the broader market. Agrees Daljeet S. Kohli, head of research, IndiaNivesh Securities Pvt. Ltd.
Source: http://www.livemint.com/Money/hVB3tcZ62UUU6ZngLgRBOM/Is-it-time-to-look-beyond-largecap-stocks.html

In addition to searching through SEC filings for investors that are building controlling interests in companies, we like to run a series screens to search for stocks that have a 100% to 200% potential upside, combined with limited downside risk. Many times, when we find stocks that fit the bill, we will find a big investor already involved. In running our screens for the first week of November, the following five stocks have hit our radar as high potential, deep value candidates, plus they all have the what stocks to by presence of a huge private equity firm: 1) Dice Holdings, Inc. (DHX) has a current share price $7.49. The $15 billion dollar private equity firm General Atlantic, LLC owns more than 15% of this stock. 2)Noranda Aluminum Holding Corp (NOR) has a current share price $3.04. Apollo Global Management, the $22 billion dollar private equity firm, owns more than 48% of NOR.
Source: http://www.forbes.com/sites/greatspeculations/2013/11/08/five-stocks-loved-by-private-equity-firms/

A report that showed strong growth in Chinese exports last month was not enough to counter investor caution. Japan’s Nikkei 225 sank 1.3 percent to 14,041.95 while Seoul’s Kospi dropped 0.8 percent to 1987.79. Hong Kong’s Hang Seng slid 0.6 percent at 22,746.53. In mainland China the Shanghai Composite fell 1 percent to 2,106.95 while the smaller Shenzhen Composite Index tumbled 1.5 percent to 996.23. Australia’s S&P ASX 200 fell 0.8 percent to 5,390.40.
Source: http://abcnews.go.com/International/wireStory/asian-stocks-track-us-lower-renewed-fed-fears-20824892

Kingdom Holding Co. (KINGDOM) , the investment company owned by Prince Alwaleed Bin Talal , rose 3.4 percent to the highest since Dec. 2007. Clashes between Saudi police and foreign nationals in Riyadh killed two people, including a Saudi citizen, as the government implements a nationwide crackdown on undocumented workers.
Source: http://www.bloomberg.com/news/2013-11-10/dubai-stocks-climb-most-in-week-on-expo-2020-bets-muscat-gains.html

Gold Trust Etf Falling As Expected

pension fund assets invested in international equity are benchmarked to MSCI. Stocks listed on the Shanghai and Shenzhen Stock Exchanges have never before been available directly through an ETF structure in North America. “We have aligned ourselves with exceptional partners to bring this ETF to investors. Bosera Asset Management is one of China’s leading asset management firms and is our co-advisor. MSCI is the premier provider of global index products.
Source: http://www.thestreet.com/story/12097032/1/kraneshares-now-accepting-indications-of-interest-for-msci-china-a-share-etf.html

Thats exactly what the Robo-Stox Global Robotics and Automation ETF ( ROBO ) allows investors to do.This exchange-traded fund is widely viewed as the first pure-play ETF on the robotics mega-trend, and an intriguing option for investors. 3D Systems stock is part of the portfolio, as is IRBT. But ROBO also holds some unconventional players, including energy exploration company Oceaneering ( OII ), which is involved in high-tech drilling, and even machinery giant Deere ( DE ). While it might be best known for its green tractors, its undeniable that high-tech harvesting equipment fits the bill when it comes to the idea of automation. DDD stock is dynamic, up 75% year-to-date, so many investors might not be worried about spreading their money around the space and instead want to go all-in on a high-flier like 3D Systems or SSYS.
Source: http://slant.investorplace.com/2013/11/robo-etf-ddd-ssys-irbt/

Deutsche has partnered with Harvest Global Investments Limited, which is a RQFII, and a unit of Harvest Fund Management Co Ltd, the second-largest asset management company in China. “That really enabled us to develop this product as soon as the RQFII regime started being offered to ETF providers like us,” Depetris said. ETF watchers will be looking to see if the fund’s RQFII quota level is able to accommodate investor demand, which Hudachek said will be the real test. Asset managers receive quotas for a certain amount of investment. Once that is used, a manager would have to apply for a new quota.
Source: http://www.chinadaily.com.cn/business/2013-11/06/content_17084355.htm

You can click on any fund and link directly to the prospectus. Fund Podcasts Fidelity’s Dive Into The ETF Market & Metals On The Rise Paul Baiocchi, VP of ETF Analytics, joins Yorba Media’s Trader’s network to discuss the strong bounce in precious metals stocks and Fidelity’s aggressive foray into the ETF market. Index_Universe_11042013.mp3
Source: http://www.indexuniverse.com/sections/etf-watch/20368-etf-watch-vident-debuts-intl-etf.html?start=1

The suggestions here in the impulse move are clear, and the Dollar set for substantial moves higher. Recent weakness is a buying opportunity. Source: Gold Trust ETF Falling As Expected Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Source: http://seekingalpha.com/article/1806202-gold-trust-etf-falling-as-expected

In fact, the fund has added more than 17% in the time period, and is now on the verge of posting positive numbers for the YTD time frame. Can This Surge Continue? Some might be worried that this run is image source becoming overextended, and that steel stocks are due for a drop. However, there have been some new catalysts in the space that could suggest a further run in the industry.
Source: http://www.nasdaq.com/article/steel-etf-jumps-as-goldman-sachs-upgrades-industry-etf-news-and-commentary-cm296636