Monday, January 15, 2018

The Debt Hole

Kevin Surbaugh

When you are in debt, especially when you owe more than what you earn, it can seem like you will never get yourself out.  Debt is a trap that can sneak up on you. You don't think it will be a problem and then like a hunters trap, it has you.  You are caught with nowhere to go. Jow are you going to get out.  You owe, a car company or two, then there is a major credit card not to mention two or three store cards.  The debt keeps piling up and you are sinking lower and lower. How will you ever get out?
It is easy to think borrowing more can help.Those in the situation may turn to payday or other risky lenders to pay bills. The problem is that using such loans, only create more debt. Thus digging the hole deeper.Even the savviest of us can get caught up in this cycle.  Even those that may have been through Dave Ramsey's no debt classes.  It takes discipline and courage, to say no to debt.  Even when we are faced with certain needs and dare I say it, even desires. Especially desires to try to make your spouse happy. 
So what can one do?  Bite the bullet, spend less than you earn and pay down those debts.  No matter how hard it may be, in the long run, you will be happier.






--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.

Thursday, January 4, 2018

Mortgage Rates Drop

Marketwired

MCLEAN, VA-- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates dropping to start the year.
News Facts
  • 30-year fixed-rate mortgage (FRM) averaged 3.95 percent with an average 0.5 point for the week ending January 4, 2018, down from last week when it averaged 3.99 percent. A year ago at this time, the 30-year FRM averaged 4.20 percent. 
  • 15-year FRM this week averaged 3.38 percent with an average 0.5 point, down from last week when it averaged 3.44 percent. A year ago at this time, the 15-year FRM averaged 3.44 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.45 percent this week with an average 0.4 point, down from last week when it averaged 3.47 percent. A year ago at this time, the 5-year ARM averaged 3.33 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.



 Kevin Surbaugh no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.

Wednesday, January 3, 2018

Business Round-Up

Press Release


NexPoint Capital, Inc. Announces Tender Offer for Common Stock

DALLAS, TX  (PRNewswire) -- NexPoint Capital, Inc. (the "Company"), a non-traded publicly registered business development company and affiliate of Highland Capital Management, L.P., today announced the expiration and final results for its tender offer (the "Tender Offer") for up to 2.5% of its outstanding common stock ("Shares") at a price equal to 90% of the offering price per Share in effect on the Expiration Date (as defined in the Offer to Purchase) (the date of repurchase) and any unpaid dividends accrued through the expiration date of the Tender Offer. The Fund's Tender Offer expired on December 29, 2017, at 5:00 p.m. New York City time. 10,820 shares of the Company were tendered for repurchase in the Tender Offer.
Any questions regarding the Tender Offer can be directed to the Company's Tender Agent, DST Systems, Inc., at 1-844-485-9167. The Company's current offering price for its Shares, as well as other information, including information about management and the healthcare-focused investment strategy, are available at http://nexpointcapital.com. The information on or accessible through http://nexpointcapital.com is not incorporated by reference herein.

Essence Ventures Announces Acquisition of Essence Communications from Time Inc.

NEW YORK--(BUSINESS WIRE)--Essence Ventures LLC, an independent African-American owned company focused on merging content, community, and commerce, today announced its acquisition of multi-platform media company Essence Communications Inc. from Time Inc. ESSENCE President Michelle Ebanks will continue at the helm of the company and will also join its board of directors. In addition, the all-Black female executive team of ESSENCE, including Ebanks, will have an equity stake in the business.

“This acquisition of ESSENCE represents the beginning of an exciting transformation of our iconic brand as it evolves to serve the needs and interests of multigenerational Black women around the world in an even more elevated and comprehensive way across print, digital, e-commerce and experiential platforms,” said Ebanks. “In addition, it represents a critical recognition, centering and elevation of the Black women running the business from solely a leadership position to a co-ownership position.”
Through the Essence Ventures’ investment and resulting incremental growth opportunities, ESSENCE will focus on expanding its digital businesses via distribution partnerships, compelling original content and targeted client-first strategies. In addition, the brand will expand its international growth by planting its rich content ecosystem, including the flagship magazine, digital properties, and successful live event franchises, in more global markets with women who have shared interests and aspirations.
“The strategic vision and leadership that Michelle has provided to ESSENCE over the years have been exemplary, and we are thrilled to work with her and her talented team to provide the necessary resources and support to continue to grow the engagement and influence of the ESSENCE brand and transform this business,” said Richelieu Dennis, founder and chairperson of Essence Ventures. “As importantly, we are excited to be able to return this culturally relevant and historically significant platform to ownership by the people and the consumers whom it serves and offers new opportunities for the women leading the business to also be partners in the business.”


PetSmart® Wraps up Historic Buy a Bag, Give a Meal™ Pet Food Donation Program After Generating More Than 63 Million Meals, About 340 Semi Truckloads of Pets in Need

PHOENIX--(BUSINESS WIRE)--PetSmart announced today that it has wrapped up its Buy a Bag, Give a Meal program where the retailer donated a meal to a pet in need for every bag of dog or cat food purchased between March 1 – Dec. 31, 2017. The program beat its goal of 60 million meals* with more than 63 million meals generated. The Buy a Bag, Give a Meal program is the largest philanthropic initiative in PetSmart’s 30-year history and is among the largest pet food donation efforts the industry has seen.

PetSmart announced today that it has wrapped up its
Buy a Bag, Give a Meal™ program where the retailer
donated a meal to a pet in need
for every bag of dog or cat food purchased
 between March 1 – Dec. 31, 2017.
The program, expected to donate 60 million meals,
has surpassed its goal by generating more
 than 63 million meals. In collaboration with the
 nonprofit partner, PetSmart Charities,
who is teaming up with nonprofits
GreaterGood.org’s Rescue Bank and Feeding America®,
 the donated pet food has been, and will continue to be,
 distributed to thousands of destinations to help feed hungry
 pets in need across the U.S. and Canada.
Pet food is a rare offering at food banks and pantriesand this program
provides petfood so families in need can provide ffood forevery member of the family,
including their dogs and cats. This PetSmart program
is the largest philanthropic initiative in PetSmart’s
30-year history and is among the largest petfood donation efforts the industry has seen.
(Photo: Business Wire)
“We are so pleased that, together with our shoppers who bought dog and cat food bags at our stores and PetSmart.com, we’ve not only met, but exceeded our goal of donating 60 million meals,” said Joshua Kanter, PetSmart’s executive vice president of marketing and customer experience. “To date, we’ve distributed about 35 million meals to help feed hungry pets in need, and we expect to deliver the remaining 29 million to pet shelters and rescues, as well human food banks, pantries and meal programs across the U.S. and Canada in the first half of 2018.”
The delivery of such a large-scale volume of donated food presented significant logistical challenges for PetSmart. In collaboration with nonprofit partner, PetSmart Charities, who is teaming up with nonprofits GreaterGood.org’s Rescue Bank and Feeding America®, the donated pet food has been and will continue to be, efficiently distributed to thousands of destinations to help feed hungry pets in need across the U.S. and Canada.







Kevin Surbaugh no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
--- go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.