Down the junkyard

Article Abstract:

Mixed views continue to be expressed in the UK about junk bonds. This form of investment is not necessarily very risky, but it is important to fully understand the nature of the investment product. Experts believe that the best deals are offered by companies that are likely to be upgraded during the lifetime of the bond. Critics of junk bonds emphasize that higher than average charges on a bond fund put the capital at risk, and also predict a significant rise in the rate at which junk bonds default if a worldwide recession emerges.

Personal Investing, Analysis, Personal finance, Investments, Junk bonds

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Broaden the wallet first, then the mind

Article Abstract:

Britons planning to travel abroad in summer 1999 would be well advised to purchase foreign currency as soon as possible, as the pound is currently at the top of its range and will probably not go any higher. Purchasing foreign currency earlier also allows travellers to benefit from the limited commission-free offers being operated by some banks. It is important to be aware that exchange rates, like commission rates, are different from bank to bank. It is sensible to take foreign currency, travellers cheques and a credit card.

Tourist Travel, Foreign Currency Management, Prices and rates, Travel industry, Foreign exchange, Foreign exchange rates, Tourism

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Pay up and save

Article Abstract:

It is becoming increasingly common for lenders in the UK to offer flexible mortgage arrangements. Such arrangements permit borrowers to pay off their debts early, thus substantially reducing the final cost of their property. The borrower can overpay at times of high income, but borrow back at times of low income. With a flexible mortgage, interest is calculated either daily or monthly, so money credited on the homeloan account will reduce the interest bill.

Mortgage Bankers & Brokers, Mortgages, Mortgage and Nonmortgage Loan Brokers, Consumer Mortgage Loans, Management, Mortgage banks

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