So Many Stocks to Watch, So Little Time: How to Create a Daily Watch List?

Newcomers to day trading can quickly become bogged down by how to keep track of so many stocks. 

Usually new traders will start with a small list that they want to watch and before they know it they have lists everywhere and lose track of all the stocks they wanted to watch. Keeping a good, functional stock watch list is crucial for successful day trading. 

Here are five tips for finding and keeping a hot stocks list:

Stay Organized

Keep a daily watch list. Ideally this should be kept on day trading software. Do not keep lists everywhere or start writing stocks on post-it notes. 

It seems like everyone makes this mistake in the beginning and loses track of a real whale along the way. You must find a system that works for you and stick to it. 

Stay Updated

If you are staying up to day with your information and news you will be better able to keep track of which stocks should be on your watch list and which ones you can stop watching. 

Just reading the morning paper and checking your day trading chat room is not enough, you need to know things before other traders. Social media is a great platform to garner information before it ever reached a newspaper or television. Check out Warrior Trading’s Facebook page to stay up to date on finding stocks to trade. 

Let someone else keep a list for you

One of the most important lessons any successful day trader will tell you, is knowing what to outsource. For instance, Warrior Trading publishes a daily watch list of stocks to trade. 

Let them do some of the leg work for you so you can concentrate on what to do with those stocks instead of just identifying them. 

Do not be afraid to let go

Just because you have been watching a stock for a long time does not mean that you should continue to spend time, resources, and space on your hot list to it. 

You cannot keep up with 200 stocks a day with any kind of meaningful analysis, so cull that list down and dump the losers that are just eating up your time and potentially your money. 

Every minute you spend working and analyzing a dud stock you could be spending on finding the next winner.

With these five tips you are well on your way to creating and most importantly maintaining a usable stocks to trade list. How do you keep your hot stocks organized? We would love to hear your tips and suggestions in our comments section below.

Fender Bender: How to Save Cash on Your Next Auto Body Repair

Fender benders are a bummer. Even minor damage such as chips off the paint or a dent in the door could lead to rust. You might not realize there is more significant damage until the mechanic looks. These tips will help you save cash on your next auto body repair.

Research Typical Repair Prices

Consider using one of the many apps that will price out the cost of common auto body repairs in your area. These free or low-cost apps could save you hundreds of dollars on a single repair service by giving you an idea of what fair pricing is. 

If you know what the problem is with your car, you could also call around and ask if any local shops can beat a certain price point. For example, if the app showed that Joe's Repair Shop charges $300 to replace a dinged bumper, ask another reputable place if they can beat that by 5 or 10 percent if you pay cash. 

You could also check with your insurance company about what the going rate is for certain types of car repairs. 

Use a Trustworthy Mechanic

If you already have a mechanic who has worked on your car and you trust that person, you may wish to maintain that strong relationship. 

If you do not already have a mechanic or that shop does not do auto body repairs, ask around and get recommendations. Your coworkers, friends, and family might be able to recommend one shop or persuade you not to use a place that overcharged them or did not do the job correctly. 

Also look to consumer review websites. The public review sites should be taken with a grain of salt, but membership sites such as Angie's List or verified sites such as the Better Business Bureau may give you an accurate idea of what type of customer service you can expect from each repair shop in your area.

Know Which Repairs Are Necessary

If you just have a minor dent in your bumper, you might consider holding off on the repair until you also need some other services, such as brake replacement. 

Make sure you know which repairs are necessary, such as replacing a broken headlight, brake light or tail light. The police could pull you over for those types of auto body problems. 

If a repair shop has to take a lot of parts off of your car and another issue is discovered, consider an auto body repair shop in Utah County. If you put off the second repair, you could pay another labor fee when it gets fixed. Getting it all done at once means only paying for the labor once.

Look for Discounts and Coupons

Look at the city deals websites for your area and see if there are any new customer or other discounts available for your auto body repair. 

If you are a member of AAA, a U.S. veteran, a senior citizen or a member of another group, discounts might be available. Your insurance company might offer discounts at certain auto body shops, even if you choose to pay cash rather than making an insurance claim. 

Also consider asking for a discount for non-priority service. If you can go without your car for a week or two, you might be able to negotiate a lower labor rate compared to if you need to have your car back within a few days.

Paying for car repairs is not fun, but it is necessary. You can save money without sacrificing your safety or the car's functionality. These simple tips on auto body repair bills could help you to save hundreds of dollars.

Why Writing A Will Is Essential For Business Owners

Most people tend to be lulled into the false sense of security that they don't even have to think about a will yet, because they’re nowhere near the age where they deem its relevant to them. 

As a business owner deciding what would happen to your positions if you passed away isn’t exactly the most pleasant task, but as the responsible owner it is most definitely something that needs to be done as it could cause great complications and unneeded stress to your loved ones. 

A will simply ensures that your assets are shared between the right people, rather than them ending up in the wrong hands or let to battle over – something that you obviously won’t want.

Planning for a Future When You Are Not There

Without a will, all of your possessions end up in the hands of the law, who then decide which assets go to who. 

They don’t just automatically fall into the hands of your loved ones, so it is important to consider this for their sake too. A lot of the time, family members or business partners presume that they will be entitled to so much only to find out that this isn’t the case causing disharmony in the ranks, which isn’t good for the future of the business.

A Will is Good for Business

In some cases where people have passed away, their family home has had to be sold in order to cover their business costs. 

This is a troubling notion for anyone to consider. Once you own a business and have business assets, it makes everything far more complicated. It would be devastating if a business that you spent years building up had to shut down due to your death. 

Furthermore, this could mean that tens or hundreds of your employees would also lose their job which would be a real shame, especially when this could have been avoided with some careful planning. 

Avoid Legal Difficulties

A will also significantly reduces the risk of your business having to shut down due to a legal battle. For example, when the law distributes your assets, they could split your business equally between your next of kin. 

If it was really supposed to go to just one child (because they had actually worked alongside you in the company), then this could result in a heated and lengthy dispute and immense emotional distress for your entire family. 

Furthermore, if it should go to your business partner, you could be faced leaving it behind with a family member that has no experience about your field, ultimately causing problems in a company that you’ve worked so hard to build.

Estate Planning and Inheritance Tax

When you do decide to write up your will, it is important that you consider succession planning, which will increase the advantages of business property relief (BPR). 

This will alleviate inheritance tax for your business, which is a vital area to be precise about in your planning. It ultimately protects your loved ones from being struck with hefty inheritance tax. 

Start Planning Today

The sooner you start planning your will the better to ensure that you and your loves ones are covered, should the unthinkable happen. 

A simple process but one often over looked, there have been thousands of cases where families and businesses are left in jeopardy because people have failed to safeguard for the future. 

Don’t be tempted to leave it until you are growing old or becoming ill, having a will in place will protect your business and your assets in the unfortunate event of sudden death. 

Even if you’re unsure where to start, take the first step by speaking to will solicitors about your options. This will clear up unanswered questions and set you on the right tracks.

4 Factors that Affect Personal Loan Interest Rate

A Personal Loan is one of the quickest forms of credit you can get. It doesn’t need security, and the documentation for it is very minimal. 

Although all of this makes it seem like Personal Loans are easy, there is a catch, the interest rates. Personal Loan interest rate can be pretty high, ranging from 14% and 27%.

The high interest rate is because Personal Loans are unsecured loans. To cover any loss in the event of a possible default, lenders tend to charge heavy interest. 

This risk factor attached to a borrower, is what decides the rate of interest a Personal Loan. Your income, credit score, and relationship with the bank have a role to play in determining the interest rate on Personal Loan. 

Salaried employees and self-employed professionals are eligible for Personal Loan. But the terms of the loan, which include the interest rate, varies. Here are some factors that impact the interest rate at which you can get a Personal Loan.

1. Your Income—How Much You Earn

How much you earn has a direct bearing on the interest you pay on the Personal Loan. If your monthly income is more than Rs.50000, you can get a loan at interest rates varying between 16% and 20%. 

If you earn more than a lakh, you can negotiate with the lender to offer you a loan for 12%. To sum up, the higher your income level, the more you can negotiate your interest rate. 

2. Your Credit Score

The other factor that affects the interest rate is your credit score. The credit score is a reflection of your credit history. This score is compiled by the CIBIL authority. They have a variety of criteria. 

This includes repayment of current and past loans and credit card bill payments. A solid credit history can help you get loans at lower interest rates. The higher your credit score (750+), the more easily you can get a Personal Loan. 

In fact, getting a Personal Loan with bad credit score is little bit difficult. So, if you decide to get a loan, make sure your credit score is high.

If you have a low credit score, you can work to increase the credit score by maintaining financial discipline. 

Paying off your bills on time, repay your loans and service your EMIs before the due date. You can also lower the percentage of credit utilisation on your credit card. All of this helps ensure that your credit rating goes back up. 

3. Where You Work—Employer Profile

The standing of the organisation you work for plays a crucial role in determining interest rate. Borrowers working for reputed companies are perceived to have a stable career and steady income. 

This is trust that they’ll repay loans on time. This security is what drives lenders to offer Personal Loans at a lower interest rate.

4. Your Relationship With The Bank

A long standing customer of a bank can get a low interest rate Personal Loan. That’s because the bank has knowledge of the customer’s history based on past dealings. So, they’d be more than willing to give you a low interest rate to a loyal customer. 

When you need a Personal Loan, take these factors into account. Even if you don’t earn a 6 figure salary, you can still get a Personal Loan at a low rate of interest. Make sure that you have a high credit score and good relation with your banker.

Kitchen Repair: How Mom and Dad Can Save Money on Simple Fixes

The kitchen is one of the most important rooms in the house. It is where you eat, drink your first morning coffee or gather to entertain friends. This makes it especially important to have the right facilities for your intended purpose. 

Some people need a lot of room and some just need a little. But, if your kitchen is in need of repair there are inexpensive ways to keep the room looking great and functioning properly.

Kitchen Supplier Outlet Stores Help Save Money

When repairing or replacing the kitchen floor, you should look to a kitchen supply outlet store to meet your needs. Outlet stores carry a variety of products from reputable brand names at pennies on the dollar. 

Typically, product is sent to an outlet store because it is being discontinued or because there was too much of a given item within the stores themselves. By shopping at an outlet store, you get the look that you want in the kitchen at a price that you can afford. 

Repair or Replace Kitchen Counters Yourself

Over time, your kitchen counters may become worn, scratched or dated. The good news is that replacing them can be a project that you complete yourself. 

Those who don't have experience with kitchen repair projects can get the help that they need from family or friends or by watching tutorials on YouTube. In some cases, it may be possible to simply remove or cover the scratches, which can save even more time and money

Sink Repair Isn't Overly Difficult

It isn't uncommon to have a leaky faucet or a sink that is slow to drain. However, all you need to fix those issues is some basic tools and the ability to use them. 

Slow drains can be unclogged either with a plunger or by using hot water and gel to get rid of a clog. If the faucet leaks, you can use a screwdriver to tighten it in a matter of minutes. 

And lastly, if there is something in the sink that you just cannot fix then contacting professionals, like those at Young Plumbing Corporation, is the right move to make.

Use Sample Windows to Keep Costs Down

The kitchen can be a warm and inviting place when there is plenty of natural light. If your kitchen doesn't have a large window, you may be able to order one direct from the manufacturer. 

From there, you may be able to make your own frame and install it without paying a professional.

Maintaining your home is critical to preserving its value and making it an inviting place to live. However, if you know how to make basic repairs on your own, you can fix small problems in an affordable manner before they become major issues.

6 Habits That Can Be a Financial Disaster

It won’t be wrong to say that money is our lifeline. Without it, life cannot be enjoyed to the full. While doing all the luxuries, you need to save your money simultaneously. Savings is important to secure not only your future but also of your kids. Bad financial habits can put you in a risky situation eventually.

By saving, we don’t mean that you need to curtail all your wants. Just a little bit of change in your lifestyle can make huge difference.

Some of the bad habits surely can be avoided to help your finances from getting destroyed are as follows:

Careless Use of Credit Cards:

Having two to five credit cards in the wallet has become a common thing. However, it’s okay. But, if you’re using them irresponsibly, check your habit. It’s true that numerous credit card companies enable the users to earn lucrative awards by using cards. 

Yet you should know without making any profit, these companies aren’t going to give you a single buck. It means that common guys have to pay more interest than earning points from it.

There are chances of yours not belonging to the common class. Wait a second. Ask yourself- ‘Can I pay off the credit cards amount every month?’ Prior to using credit cards, determine whether you can afford to pay the monthly bills. 

Mostly, people frame their budget which they follow strictly to pay off credit card bills. Use credit card only when it’s necessary and not when you want it. 

Following Others’ Lifestyle Blindly:

Are you buying gold just because your neighbor did so few days ago?

Never let yourself to fall into comparison trap. It can have dire consequences. When you’re following the lifestyle of your friends and neighbors heedlessly, you’re ruining your income. You may have other necessities. Buying things to flaunt it to your friends may compel you to dig into the savings.

There’s no thumb rule that you have to cope up with your friends to get respect from them. Remember, you’re earning money to support yourself and your family. Hence, living with your means will be a prudent decision on your part. On the other hand, if you go on following others, you’ll start to take wrong financial decisions.

Spending Money on Cigarettes:

As per CDC’s view, “Use of tobacco is the single cause of death in the US that can be prevented.” Smoking not only kills a person slowly but also eats up his lifetime savings. As this process is quite slow, most of us neglect this harsh fact.

Let’s assume, you’re spending $4.5 daily on a single cigarette packet. And, if you’re buying two packs, the total cost stands to $9. Now, if you calculate it with 365 (number of days in a year), the overall expenditure becomes $3285. 

Isn’t the amount big? It is one of those bad financial habits that can be avoided. Moreover, if you’re a chain smoker, your insurance payment will be three times more than a non-smoker. Time has come when you should stop such bad habits. Kill it before it kills you.

Irregular Payment of Insurance Installments:

Insurances are useful. Paying the monthly installments may seem a burden to you initially. When you pay it regularly, you’re saving a lot for the coming years. However, there are many people who avoid paying the insurance installments on a regular basis. 

What they fail to realize is that if they don’t pay the installments monthly, then penalty charges will be incurred upon it making it a big amount.

Absence of sufficient insurance coverage may compel someone to use up his retirement account. Reviewing the coverage periodically is essential to make certain that you have insured all your assets properly.

Giving Info to Vendors:

Often visiting shopping sites may influence you to save your details with that specific vendor. Hundreds of them have easy shopping options. Shopaholics can purchase from these shopping sites with a single click. 

eware of such shopping options. They may make you bankrupt by offering lucrative things at discounted prices. These offering may be so irresistible that you won’t think twice before spending your cash on it.

Don’t allow the online stores to save your credit card info. If their catalogs and emails are tempting you to purchase immediately, skip signing up for it. Being a shopper, you may feel excited on hearing about a sale. However, it doesn’t mean that you should go for one.

Summing Up

Discipline is significant to get rid of the above-mentioned bad habits. Practice it again and again to get success quickly. If you can do it, you’ll find that you have saved quite a considerable sum at the end of every month which you can give you support during emergency situations.

Jennifer Cooper is a personal finance blogger and content writer. You can visit her personal finance blog at pro finance tips.