Greatnexus

More Coverage of Greatnexus

Greatnexus — Sun, 26 Apr 2009 03:25:00 +0000

It has been 3 weeks since we launched on April 4, 2009. I am still continuing to add new sites to existing categories and slowing building up new categories behind the scene. As we enter our 4th week, I want to take a few minutes to say thank you to sites that have mentioned Greatnexus in the past two weeks.

Thank you everyone.

Thank You Friends…

Greatnexus — Sat, 11 Apr 2009 17:04:29 +0000

Greatnexus officially launched on April 4, 2009 — exactly 1 week ago. Thank you to help of friends and supporters listed below, we have seen our traffic tripled over the past 7 days. I hope to be able to keep this momentum going and create a truly useful place on the web for you to visit.

But for now, I’d like to thank you everyone who has announced Greatnexus to their readers and/or linked to the site:

Please forgive me if I missed anyone, it was unintentional. Please send me an email and I’ll add you to the list above. Thank you!

What Now For The S&P?

Greatnexus — Sat, 04 Apr 2009 03:52:42 +0000

The dramatic run up that we have seen in the S&P 500 may be coming to an end. The retracement back over the 840 level should provide sufficient resistance to reverse this market to the downside.

Now here is the caveat, our long-term indicator, the monthly “Trade Triangle” remains negative on this market. While the direction of our weekly timing “Trade Triangle” is on the sidelines and neutral. This has created a conflict, meaning that conservative traders should remain on the sidelines to protect capital.

I am looking for an area to once again get short this market and trade with the major trend in our favor.

My downside target zone is for an eventual move down to the 500 level. Only if we take out highs as I mention in the video, then this analysis will change.

I hope you enjoy this short video. I will cover two important elements in trading: the Elliott Wave Theory, and the other is the Fibonacci Retracement Levels that I like to watch and trade with.

*** Watch The Video Now ***

As always, the video is available with our compliments and there is no requirement to register to watch this video.

By: Adam Hewison, President, INO.com and Co-creator, MarketClub

Three Tips for Managing Your Credit While Hunting for a New Job

Greatnexus — Fri, 03 Apr 2009 18:00:24 +0000

Jobs are disappearing at an accelerating pace in 2009. U.S. companies announced 663,000 layoffs in March. The unemployment rate has jumped to 8.5 percent, the highest since 1983. If you were one of those unfortunate enough to receive the pink slip, there are some immediate steps for you to consider as you embark on managing your new financial situation.

Tip One: Find out what credit’s available to you

First, you need to get a sense of the credit available to you. Since it’s not uncommon for it to take 6-12 months to find a new job, especially with so many people looking, you’ll need to know what products can provide you options. If you have a home, you should research the amount of equity you have in your home and consider opening a home equity line of credit. No, this doesn’t mean living off of your house, but rather having access to money should the need arise. A home equity line of credit is a form of revolving credit in which your home serves as collateral.

Also, be sure to read carefully through any pre-approvals you get in the mail for credit cards. While unemployed, you’ll want to make sure any new credit cards you apply for don’t have annual fees or high APRs. These fees can really add up.

Tip Two: Actively monitor your credit score

Next, you’re going to want to manage the credit you have. Request a copy of your credit report from AnnualCreditReport.com (www.annualcreditreport.com).

You should also monitor your credit score. Credit Karma (www.creditkarma.com) allows you to track and trend your credit score for free. There are also tools available on the website to help you make those difficult decisions if necessary. The Credit Simulator helps you accurately estimate the positive or negative impact of 14 different financial behaviors on your own personal credit score. For example, it allows you to see the effect of paying one card 30 days late versus paying all cards 90 days late.

Tip Three: Use Personal Finance Tools

Lastly, it’s a good idea to start using a personal finance management tool. There are several free ones out there including Quicken, Geezeo, and Wesabe. These tools allow you to keep track of your bank accounts and loans in one place so you can easily see how much money you have , what you are spending it on, and what you owe. Because these tools are connected to your bank account they also track your spending and help you budget. During these difficult times it’s important to cut back on the “nice to haves” and stick to purchasing “must haves.”

Other positive features of these tools include opportunities for you to get better deals in the financial marketplace (as these tools offer financial product suggestions based on your money transactions), and the ability to gauge your personal financial health by comparing your finances to the finances of others in a secure and anonymous fashion.

By: Ken Lin, CEO of Credit Karma

Free Cars Video From Dave Ramsey’s Financial Peace University

Greatnexus — Sun, 22 Feb 2009 18:53:08 +0000

Should you buy a used car or new car? Here’s a great I found via Christian Personal Finance created Dave Ramsey’s Financial Peace University take a look:

I think his math is inaccurate and he left out a few things, but this could work. What do you think?

Here are a few more Dave Ramsey articles:

Rick Santelli and the Rant of the Year

Greatnexus — Thu, 19 Feb 2009 11:45:19 +0000

This is an awesome video of Rick Santelli telling off President Obama’s economic stimulus plan. I am not taking any side here. I just like the fact that financial news is so exciting.