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…

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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…

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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…

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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…

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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…

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Ease of Merging Credit Cards

I have merged several credit cards from the same bank into a single card in the past. It was always done instantly and the merged card had the combined credit limit of both. This was the story, atleast for Citibank, Chase and as far as I remember, Bank of America. However, with HSBC, it is…

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Comparison of Credit Card Online Account Management

Bank Good Bad Overall (out of 5) Citibank Easy To Use No Bill Pay, No Automatic Recurring Payments to Card 3 Chase Very Easy to use (even with multiple accounts), Can setup automatic recurring payments exactly on due date No Bill Pay 5 Providian Very Easy to Use, Can setup Automatic payments exactly on due…

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India Fund Inc. rights offer and Scottrade

I have my account at Scottrade and the India Fund Inc. (IFN) rights got deposited today (instead of last Monday). I called up Scottrade (Richmond) because rights offer subscriptions can only be done on the phone but they can’t do anything about the offer now because ‘it is not in their system yet’. Last year,…

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HSBC Direct now offers 5.05% APY

HSBCDirect has raised its rates to 5.05%, while EmigrantDirect has raised them to 5.00%. The other banks from my previous posts have also raised rates. Amboy has raised them to 5.05% and Presidential Bank has them at  5.12%!! Enjoy!

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