Auto Insurance and are you covered???

A while back I got into an argument with some friends about whether I am covered by my insurance while driving a rental car. They said I’m not. So I called up my insurance company Liberty Mutual and was told that my coverage holds when I drive a rental. Also last week I needed to…

Read More

The End of 5% Cash Back??

Citibank Dividend Platinum Select is ending it’s 5% cash back 🙁 on gas, groceries and pharmacy and replacing it with 2% cash back on gas, groceries, pharmacy, utilities and cable. The Citibank website doesn’t mention anything about that yet. I’m going to wait until Oct. 13 when the 5% ends and then apply for another…

Read More

Savings Rate Shootout

Here is a comparison of rates of the highest APY online savings accounts: Bank APY Emigrant Direct 5.15% ING Direct 4.35% HSBC Direct 5.05% Amboy Direct 5.15% Presidential 5.12% (upto $35000), 3.00% (above $35000) 4.60 – 5.13%

Read More

No Oversubscription For Me

The India Fund Inc. withdrew money from my account for IFN shares assigned to me from rights. I did not get any oversubscribed shares as yet so I’m assuming I won’t get any. Overall, the rights offer wasn’t such a great deal as the fund premium dropped significantly. I sold some IFN shares to pay…

Read More

HSBC Credit Card Consolidation Part 2

Continuing my story on attempting to merge two HSBC credit cards, I received a letter from HSBC asking me to fill out an account consolidation request which basically was information similar to a new credit card application. So it is not so very easy to merge cards, inspite of the fact that I manage them…

Read More

Closing of India Fund Inc. Rights Offer

The India Fund Rights Offer Closed today. The offering price of the shares (95% of NAV at close on Friday) is $34.00, which would mean at a current price of around 38 represents a gain of 11%, far lower than I expected but still very decent for no effort. The Fund said shareholders subscribed to…

Read More

India Fund Inc. (IFN) Rights Offer

Shares from the India Fund Inc. (IFN) rights offer deposited in my Scottrade account today, one day before the close of the offer. Oversubscribed shares have not yet been deposited, so I don’t know if I will get any. I hope I do. As of last Friday, the premium on the fund was 15%. Stay…

Read More

India ETF Coming

Recently I read reports that PowerShares plans to introduce an India ETF in the US based on the Halter Index (HXI). However, HXI is not really an India Index. It is an index of ADR’s and companies in the US whose primary business is in India. The index consists of very few components and doesn’t…

Read More