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I went from the ‘girl nobody wanted’ to the ‘girl who wants nobody’ – people say the ‘joke’s on them’

by www.thesun.co.uk Leave a Comment

A YOUNG woman has shown a stunning glow-up which made men react to her very differently.

She shared her look when no one showed interest in her and compared it to her now as a “girl who wants nobody.”

Haley McCarty ( @bringbackdaddy ) displayed her school-girl feature first in a recent video .

She smiled wide as she stood in front of red lockers with costume ears on her head.

Haley’s hair was blown out with curls at the end, and she wore no makeup.

“The girl nobody wanted,” the caption read over her black V-neck T-shirt.

The 19-year-old TikToker switched the photo to expose her glow-up.

She pursed her lips and confidently sat looking at herself in the mirror.

Haley was tan with long eyelashes, pink cheeks, clear skin, and defined eyebrows.

“The girl that wants nobody,” she labeled the following slides.

Haley took a selfie in the sunlight, wearing white crop tops that only covered her chest and low-rise pants that revealed her belly button piercing.

“Embarrassing,” she wrote in the comments.

But viewers had the opposite thought after seeing several photos of her.

“Queen,” one fan commented.

“The way you were pretty in both pics,” a sweet follower noted.

“Joke’s on them,” a man remarked.

An admirer asked: “What the heck? Where were the women like you when I was in high school?”

“You were so cute then! But let’s face it, positivity is hard to find when you’re young,” an understanding individual added.

One interested suitor wrote: “Hello, my name is nobody.”

Mortgage rates for March 27: Rates hit 7-week low

by www.sfgate.com Leave a Comment

Mortgage rates reached their lowest levels since early February last week after the Federal Reserve announced a quarter-point interest rate hike on March 22. The decline could provide an opening for homebuyers who have been watching rates tick ever higher over the past two months, nearing the 20-year peak they reached in the fall.

Rates for a 30-year fixed rate mortgage fell to 6.38% on March 24, a 0.37 point drop from where they were the day of the Fed’s most recent hike, according to Mortgage News Daily . The rate started to decline March 10 amid the Silicon Valley Bank crisis, after topping 7% as recently as March 9. The average rate on a 15-year mortgage is 5.87%, while 30-year jumbo mortgage rates and 5/1 ARM rates sit at 5.95% and 6.45%, respectively.

Mortgage rate trends

Mortgage rates rose precipitously between early February and the second week of March as key indicators suggested that the Federal Reserve had more work to do in its fight against inflation. However, the failure of Silicon Valley Bank and others in subsequent days destabilized the economy enough that some wondered whether the Fed would raise the federal funds rate at all during its March 22 meeting. The Fed doesn’t set mortgage rates, but its actions influence them, and the more hawkish it is on inflation , the higher mortgage rates tend to go.

By hiking the target borrowing rate by another 0.25%, the Fed believes it’s necessary to push on in its efforts to cool inflation. However, it kept its projections for the “terminal” rate — the highest it expects to raise interest rates — to 5.1%, suggesting that there will be few, if any, additional rate hikes after the most recent one. The benchmark borrowing rate currently sits at 4.75%-5%.

Mortgage rates have been volatile during the first two months of 2023. After rates for 30-year fixed-rate mortgages topped out at 7.24% in November, they fell steadily until early February, when pessimistic inflation data caused a rebound. However, consumer price index data released March 14 showed that inflation may be cooling ever so slightly, down to 6% in February from 6.4% in January.

The spring buying season hasn’t kicked off with its normal force, according to Redfin’s weekly housing market report. Instead, the number of new mortgage applications each week has been deeply entwined with the current state of mortgage rates: When rates are up, homebuyers scatter. When rates fall again, they rush to make their move. Thanks to the recent rate slide, mortgage applications have increased 17% over the past month, Redfin reported.

The even better news: Mortgage rates have probably already peaked for the year. “Mortgage rates are unlikely to increase again unless the next inflation report is worse than expected,” said Redfin Chief Economist Daryl Fairweather in the report. “Sidelined buyers should be on high alert in the coming days and weeks, which could offer a window to lock in a rate closer to 6% than 7%.”

The flip-side is that the Fed also indicated credit would begin to tighten, which would make it harder  over the coming months to get a mortgage in the first place. That means potential homebuyers could have a window of opportunity right now to lock in a lower rate or refinance a mortgage that they took out between October and November, when rates were at their highest. (In most cases, a refinance makes the most sense when rates have dropped 0.75% or more.) Comparing rates between multiple lenders will help you find the best loan for your situation.

30-year fixed mortgage interest rates

On average, the interest rate for a 30-year mortgage on March 24 was 6.38%, down from 6.67% on March 17.

15-year fixed mortgage interest rates

On average, the interest rate for a 15-year mortgage on March 24 was 5.87%, down from 6.08% on March 17.

Jumbo mortgage interest rates

On average, the interest rate for a 30-year fixed rate jumbo mortgage on March 24 was 5.95%, down from 6.16% on March 17.

5/1 adjustable-rate mortgages

On average, the interest rate for a 5/1 ARM on March 24 was 6.45%, up slightly from 6.14% on March 17.

What determines mortgage rates?

Mortgage rates are influenced by a variety of factors, including:

  • Your credit score

  • Down payment

  • Your debt-to-income ratio (DTI)

  • The type of loan you’re getting

  • Loan term

  • Interest rate type (fixed vs. adjustable)

  • Inflation and the overall economy

  • The Federal Reserve (which doesn’t set mortgage rates, but it certainly influences them )

Should you refinance your mortgage?

With mortgage rates dropping, a mortgage refinance could potentially save you money both on your monthly payments as well as the entire life of your loan. Here are a few factors to consider:

  • Cost: If you refinance your mortgage, you must pay closing costs just like you did when you took out the loan in the first place. The average closing costs come to around $5,000 on a refinance, according to Freddie Mac . Other costs can include mortgage origination fees, appraisal fees, title fees and more. All told, the cost of refinancing a mortgage typically totals 2%-5% of the principal. If the closing costs outpace how much you’d save by refinancing, then it doesn’t make sense to alter your mortgage.

  • How long you plan to stay in your home: You want to make sure you plan to stay in your home long enough to recoup the closing costs and other fees associated with refinancing your mortgage. For example, if it costs $4,000 to refinance your mortgage but you lower your monthly payment by $200, it will take you 20 months, or a little less than two years, to break even.

  • Refinance rates: In most cases, it makes sense to refinance if mortgage rates drop more than three-quarters of a percentage point. The rate for a 30-year fixed-rate mortgage peaked this fall at 7.24%, so if you took out a mortgage between October and November, it could make sense to refinance now.

Editorial Disclosure : All articles are prepared by editorial staff and contributors. Opinions expressed therein are solely those of the editorial team and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in this article is accurate as of the date of the publish. Check the lender’s website for the most current information.

This article was originally published on SFGate.com and reviewed by Jill Slattery, who serves as VP of Content for the Hearst E-Commerce team. Email her at [email protected]

More Personal Finance

Brokerages bullish on RIL, expect stock to gain up to 38%

by economictimes.indiatimes.com Leave a Comment

Synopsis

The current valuations of Reliance do not assume any value for its new energy and new commerce businesses, foray into the fast-moving consumer goods business, while reflecting investor concerns around the growing debt in the company, slow growth in the retail business and a rise in the capital expenditure, said analysts.

Mumbai: Brokerages including CLSA, JPMorgan, Kotak Institutional Equities and Jefferies have reiterated their ‘buy’ or ‘overweight’ ratings on Reliance Industries in the past few days on the grounds that the recent decline in the stock price has made valuations cheaper. Their target prices on the stock range between ₹2,900 and ₹3,100, implying an upside of 30-38% from Monday’s close. Reliance shares gained 1.6% to close at ₹2,238.80 on Monday.

The current valuations of Reliance do not assume any value for its new energy and new commerce businesses, foray into the fast-moving consumer goods business, while reflecting investor concerns around the growing debt in the company, slow growth in the retail business and a rise in the capital expenditure, said analysts.

” RIL ‘s recent underperformance has been puzzling. Across key verticals outlook is sanguine ,” Kotak Institutional Equities said on Monday. While tariff hikes in the telecom space have been delayed, it could lead to accelerated market share gains and an effective duopoly for Reliance Jio, the brokerage said.

Reliance, the country’s largest company by market capitalisation , hit its lowest level in a year last week as continued selling by foreign investors kept the stock under pressure. It was down over 12% in so far in 2023, and nearly 14% over a one-year period as on Monday.

JPMorgan said the shares currently offer an attractive entry point given that there are multiple catalysts over 2024-2025, which include potential listing over its consumer businesses, growth in the petrochemicals business and ramp-up of the new energy business.

“In an increasingly capital-scarce environment, RIL’s core strength of investing large amounts of capital in growth projects is a key positive,” it said in a recent note.

CLSA said there is a “good chance” of public offerings of the telecom and retail businesses over the next year given that it has been three years since stake in these businesses was sold to private equity firms.

Even though capital expenditure by Reliance Industries has seen a recent jump, the net debt to equity ratio is near a 22-year low, Jefferies said. Strong operating cash flow because of the rising profitability from the oil-to-chemicals business is likely to keep net debt comfortable over 2023-25, it said.

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Print Edition Tuesday, 28 Mar, 2023

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    ‘Banks Must Hear Borrower before Tagging as Fraud’- SC ‘Banks Must Hear Borrower before Tagging as Fraud’- SC

    In a setback to lenders, the Supreme Court on Monday ruled that banks are bound to give borrowers a personal hearing opportunity before classifying accounts as fraudulent.

    SC Dismisses DRI Plea Against CESTAT Orders on Adani Cos SC Dismisses DRI Plea Against CESTAT Orders on Adani Cos

    The Supreme Court on Monday dismissed the petition filed by the Directorate of Revenue Intelligence (DRI) challenging the orders issued last year by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) to quash the cases pertaining to over-invoicing allegations levelled by the agency against three Adani Group subsidiaries.

    AMCs Reopen Int’lPlans to Investors AMCs Reopen Int’lPlans to Investors

    Domestic mutual fund houses have resumed accepting lump-sum contributions to their international equity plans after the latest Finance Bill removed tax advantages for debt-oriented saving plans from April 1. Onshore plans that invest in overseas markets are treated as debt funds locally for taxation purposes.

(What’s moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

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Are you a millennial looking to retire early? Here’s how you can build a viable retirement corpus

by economictimes.indiatimes.com Leave a Comment

Synopsis

Financial experts recommend investing time in research and consultation to make a well-informed investment choice. Starting early and investing in products like StockHolding can help millennials fulfil their dream of early retirement.

From early retirement planning to building a smart post-retirement corpus, here’s how millennials can make every penny count.
Varun Kumar is a 30-year-old millennial, who works as a business development manager in a Bengaluru-based IT firm. After spending most of his 20s getting engineering and management degrees and, in the process, accumulating a mountain of student debt, Varun wants to earn fast and retire early, which is a very common theme among millennials. But, before we move on, who is a millennial?
Millennials refer to those born in the 1981-1996 period, and who entered the workforce in 2008-2009 during the Great Recession. These people want to retire by 50, but unlike their parents’ generation, millennials do not have any predefined post-retirement cushion—making it imperative for them to do smart retirement planning.
According to the Deloitte Global 2022 Gen Z and Millennial Survey, 47% of millennials “live paycheck to paycheck and worry that they won’t be able to cover their expenses” and 31% “are not confident they will be able to retire with financial comfort”.

Millennials like Varun, who are planning for early retirement, typically face two challenges:
Given that Varun wants to retire by the age of 45-50 gives him an investment horizon of only 15-20 years.
Millennials like Varun are less likely to have access to traditional ways of wealth creation such as land ownership. Further, many reportedly struggle with a high student/education loan burden, EMI pressure, and a weak credit score, leaving them with less and less amount for saving and investing.
In addition, increasing inflation levels, a high cost of living, unemployment and job insecurity, rising burden of lifestyle diseases, and ballooning cost of healthcare, mental health issues etc. also make it critical for millennials to ensure they focus on early retirement planning.
The rise in inflation, undoubtedly, puts extra pressure on your savings and investments, making it necessary for investors to increase the annual amount being set aside for retirement in order to keep up with the rising cost of living. This is why it is important for millennials to not only save but also invest their money so that it grows with time.

Varun started working at 27, after four years of engineering college and two years of management school, with a monthly salary of Rs 90,000. While this might seem to be more than enough to take care of expenses, it simply was not. After subtracting the education loan EMI (Rs 17,000), house rent (Rs 12,000), travelling expenses (Rs 10,000), and what he sends back home (Rs 15,000), leaves him with Rs 36,000 for the month.

Taking into account all his survival needs, the most that he can come up with for savings and thus investment is Rs 10,000. But since Varun plans to retire by maximum 50, his investment horizon is capped at 20 years.
So, how does Varun counter his low savings and the limited time that he has to build his retirement nest-egg? Varun has to outline what his retirement goals are. How much pension does he want every month? Broadly, what lifestyle does he envisage? Does he want a family in the future? Does he want to travel? And what are their needs?

Varun has to keep his savings at a minimum of Rs 10,000. As his salary increases, his savings will also increase, but the Rs 10,000 lower ceiling cannot be breached.

Investing smart and maximising returns

As the average life expectancy in India continues to rise, it is impractical to work forever. Indians are also taking the plunge to quit the workforce owing to health or life situations. It is, therefore, essential to pick investment instruments that offer great returns over time and can beat inflation.
To maximise returns over a short investment horizon, Varun can choose from a wide variety of investment options. He can directly invest in the stock market or invest in a diversified instrument like a mutual fund (MF). Varun has to have a certain mix of equity in his asset allocation to counteract the relatively short time frame of 15-20 years. And, equity markets have been soaring.

The decade of 2013-22 saw the benchmark Indian stock market index Nifty50 register a compound annual growth rate (CAGR) of 11.2%, which was second only to the S&P 500, the benchmark for the US equities. However, Varun should also consider a certain amount of debt, which a healthy mix of both government debt and corporate debt. Varun can also go for government-sponsored schemes like the National Pension System (NPS) , which offers various schemes like its ‘E’ variety, which allows equity participation of up to 75%.

Using the StockHolding pension calculator can enable you to arrive at a sum that you would need to save for early retirement, based on your own personal needs and lifestyle. Using the StockHolding pension calculator can also help you determine the figure that would be critical in providing you with a monthly income during your post-retirement years.
Financial experts recommend investing time in undertaking some research and, if possible, consulting a financial advisor or a fund manager in order to make a well-informed investment choice and do smart, robust retirement planning.
Overall, the benefits of starting early can’t be emphasised more for millennials, who are keen to build their retirement corpus to fulfil their dream of early retirement.

Using StockHolding’s diverse suite of products and solutions can give millennials a fair idea about how much money they need to save each month to fund a suitable retirement income. But, the end goal is to ensure their retirement kitty generates returns at a substantially higher rate than their estimated future expenses in order for them to keep living off their retirement corpus and, more importantly, retire early.

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(This article is generated and published by ET Spotlight team. You can get in touch with them on [email protected])
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Print Edition Monday, 27 Mar, 2023

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    PSBs to Submit Plan to Deal with Key Biz Risks PSBs to Submit Plan to Deal with Key Biz Risks

    State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar with the development told ET. They will also outline a communication strategy to deal with any exigency, they said.

    MFs Push Debt Schemes Before Tax Deadline MFs Push Debt Schemes Before Tax Deadline

    Mutual funds are going all out to get investors to put money in their debt schemes before March 31, when the tax advantage these products enjoy will come to an end.

    RCap Lenders Fear Recovery Below Liquidation Value RCap Lenders Fear Recovery Below Liquidation Value

    Lenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of ₹12,500-13,000 crore for the financial services company since both bidders, Hinduja Group and Torrent Investments, are reluctant to improve their offers, bankers dealing with the matter said.

(Your legal guide on estate planning, inheritance, will and more.)

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Air Pollution Deaths May Double Previous Estimates

by www.newsweek.com Leave a Comment

Air pollution could be killing 8.8 million people worldwide each year—almost double the figure previously thought, that’s according to the authors of a study, who said heir findings highlighted the “urgent and important” need to tackle the issue.

Deaths caused by air pollution appear to have overtaken those caused by smoking, according to a study published in the European Heart Journal . In 2015, air pollution was thought to be responsible for 8.79 million deaths, compared with the 7.2 million caused by tobacco smoking, the study—which focused on Europe—found.

An additional 790,000 deaths in Europe were likely caused by air pollution, with between 40 to 80 percent of those associated with cardiovascular disease, according to the study. Fine particulate matter could be shaving 2.2 years off the life of the average European, likely due to a combination of densely populated areas and poor air quality, the authors of the study warned.

Fine particulate matter, known as PM2.5, is the term used to describe tiny specs measuring 2.5 micrometers or smaller that can be breathed into the body. It can come from sources such as burned fossil fuels and biomass, as well as dust. A strand of human hair is around 30 times larger than the biggest piece of PM2.5.

Being exposed to excess levels of fine particle matter is thought to impact the blood vessels, and in turn raise the risk of conditions like heart attacks and failure, as well as stroke, the authors said. Air pollution is therefore an underappreciated threat to health, eclipsed in the public imagination by better-known factors such as smoking and poor diet, the authors argued.

Politicians and policymakers should move to replace fossil fuels with clean, renewable energy, which “could substantially reduce the loss of life expectancy from air pollution,” the authors wrote. That includes committing to the promises laid out in the Paris Climate Agreement, which Donald Trump controversially withdrew the U.S. from in 2017.

Past research indicated air pollution caused 4.5 million deaths annually worldwide. To calculate the new estimate, the researchers used an updated technique for modeling data to investigate how outdoor sources of air pollution affect death rates in Europe.

Professor Jos Lelieveld of the Max-Plank Institute for Chemistry in Mainz and the Cyprus Institute Nicosia, who co-authored the study, told Newsweek : “New data have become available for both low and high concentrations of fine particulate matter (PM2.5), indicating that the hazardous health impacts of PM2.5 are much larger than assumed previously.”

“We had not anticipated such a large increase,” Lelieveld said.

However, he acknowledged the study was limited because was difficult to link particles in the air to specific sources, which are needed to understand how to reduce pollution.

Commenting on air pollution more generally, Lelieveld said: “Even though the limits for air pollution in the USA are stricter than in Europe, the health impacts are still significant, also at lower concentrations.

“We hope to show that it is urgent and important to further reduce fine particulate matter in ambient air. The main message is that PM2.5 air pollution is a health risk factor that is comparable to other main risks such as hypertension, diabetes and tobacco smoking,” he said.

Francis Pope, a professor of atmospheric science at the University of Birmingham, U.K., who was also not involved in the research, also told Newsweek the findings had some limitations. “The study looks at modeled outdoor air pollution, but most of us live our lives indoors for much of the day,” he said.

“Some estimates suggest we spend less than 10 percent of our time outdoors. Hence, we need to know much more about our indoor exposure to air pollution to be able to completely model the burden of air quality upon human health.”

Audrey de Nazelle, from the Center for Environment Policy at Imperial College London who did not work on the research, told Newsweek : “We know this is undeniably a major problem that needs to be tackled urgently, and this paper is just one more proof of that.

“Hopefully, the clear message of air pollution surpassing tobacco smoking as a killer will help mobilize citizens and politicians to change the vision of cities so that streets become places where people can easily, safely and comfortably walk, cycle, take public transport and interact with each other, and where children can play.”

Pope said those who are concerned about their exposure to air pollution can change their densely.

“In urban areas, air pollution varies both through time and space. For example, traffic rush hours, with associated pollution, are at well-defined times in most cities. By changing our behavior, we can try to minimize our exposure to air pollution by avoiding areas and times with high air pollutant concentrations,” he said.

“Even better would be for policymakers to make roads a lower source of pollution in the first place by encouraging lower and non-polluting forms of transport.”