More cash just rolled into the Special Situations Real Money Portfolio! I just got $2,185.00 credited to my son’s Coverdell ESA this morning. As you might recall, I purchased AutoNation on March 31, 2006 for the Special Situations Real Money Portfolio. This was my first odd-lot tender offer opportunity that I’ve taken advantage of. This is a great way to cover any financial troubles that involve your car, another option you have is getting one of these auto title loans for excellent coverage. If you have exhausted all the options of obtaining money, do not worry. There is one more option with you. It is your car. Confused? You can obtain a What is a car title loan and how does it work? – fast money car title loans and get out of financial misery. It is easier and faster to get a car title loan when you own a car that’s paid off. You will have to provide the car title to the lender. In return, he will provide you with money. Various auto financing companies and lenders offer online loan approval. They take help of the internet to reach maximum clientele. Also, many lenders design software applications for mobile to allow you to see how much loan amount you will get for the car title. The loan carries high rate of interest as it is a short-term loan. While approving the loan, lenders consider the value of your car instead of your credit score. It is possible that a few lenders may even require car insurance. If you are unable to make payments on the loan, you may lose your only car. However, the lender may allow you to keep the loan for one more month after the due date. The process is known as “rolling over” the loan. If you are unable to make payments even after rolling over the loan, the lender will repossess your car. He will sell it in an auction to recover money. So, it is essential to pay off your dues in the specified time period. A car title loan is one of the best options to get money when you need it the most! But, remember to create a plan for ensuring regular payments. And, once you have a plan ready, it will get you out of financial misery and save your car from repossession. Car title loans carry a reputation for “bleeding the poor.” The title lender does not chase after people to apply for loans, but it does offer quick access to emergency cash to those who own their own vehicle. The real fact in the matter is that being low-income is not a viable factor in who needs a loan. There are many different income levels that end up strapping people. It isn’t the dollar amount as much as the management of said income. A major deciding factor in loan qualification has nothing to do with income, but rather or not you own a vehicle. For starters, since a title loan is a short-term loan, people who need emergency cash for an unexpected cost: medical, auto, home or funeral costs are most often reasons to obtain a loan. When any of these costs go over a few hundred dollars, many people of all income levels may not have the money in the bank to support the bill. Credit cards are often used to pay for these types of emergencies, but if the available balance comes up short, a person will need to solve the financial crunch in another manner. Car title loans tend to be a quick fix for those needing fast money.
Odd-lot tender offers provide small individual investors a unique opportunity that the big boys don’t have. By owning less than 99 shares of the stock that is being tendered, my shares received preference in this tender offer since there was an odd-lot provision to the tender. The AutoNation Inc tender was very oversubscribed and most shareholders that tendered their AutoNation shares only had 26 percent of their shares cashed out. However, since I had an odd lot, my tender was not subject to being prorated. This presented a very nice opportunity.
Let me show how nice. I purchased 95 shares on March 31, 2006 for a total cost of $2,056.10. This morning I received $23 per share for a total of $2,160.00. My broker charged me a $25 dollar fee in addition since this tender was a voluntary action. My total profit was $103.90 or a 5.1 percent gain. That comes out to a 92 percent average annualized return for this 20 day investment!
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