pic

Wise investments for cautionary businessmen?

Investing in the right market at the right time can be difficult, but there are many areas of business that can bring high returns on investment. Volatile sectors may be more risky to begin with, but they can be extremely rewarding in the long term if managed correctly. There are certain guidelines you can follow to ascertain whether an investment is wise and whether it will reap dividends for you or your company. These include researching compliance, operational, financial, strategic and reputational risks as part of a thorough assessment beforehand.

Continue reading

pic

12 Amazing Money Tips From Financial Experts written

If you are stuck taking important financial decisions, it is always a good idea to look for advice from experts.

Financial wisdom is something that comes with years of experience and there is none better to consult on these matters than an experienced expert. Giving heed to advice from experts is essential to make sound decisions in the fields of saving, investments and trading. Without further ado, this guide by Trainingacademy.com (click here to visit their website) provides some money tips from experts that will help you in your financial planning endeavors:

1. Always evaluate and understand the risks thoroughly before you make any investment. Never outsource the work to a financial advisor without researching on the field you’re investing in.

2. If you are losing money on an investment, cut your losses immediately. There is no point going along with the losses in hopes of acquiring them back in the future. Use stop-loss orders to secure your position.

3. If you are patient enough, then you will eventually stumble upon a low risk venture with high probability of returns. Always keep a lookout for these trades with keen eyes and you are bound to be rewarded.

4. Diversify your investments and spread them around different places. If you are concentrating all your investments on a single stock, then the risk of losing out is far more than when you diversify your investment strategy.

5. Confidence is the key to success, and this holds true for achieving financial security too. If you are weak and scared, you are never going to reach your goals.

6. Personally audit your credit report for any erroneous errors. It only takes a couple of minutes to check them, but you avoid the risk of losing money.

7. Investing in the Wall Street is like playing games with your own money. If you don’t realize that you are in the game, then you won’t bother checking the rules. When it comes to playing with Wall Street, understanding the rules is very necessary.

8. Learn to be frugal, but understand what frugality is in the first place. Frugality doesn’t mean reducing your spending on everything, but on only things that you don’t love or don’t need. A person can be frugal while still spending extravagantly on the things that he loves very much.

9. Compare different financial institutions when it comes to choosing your financial partner or advisor. Look beyond the big banks towards smaller institutions such as credit unions and community banks.

10. Knowledge is the best investment that you could ever make, and the returns are life-long. Investing time and money in learning is an essential part of being financially secure.

11. Start with small steps initially, and you can ramp them up later to go big. It is more important to start your money-making adventure and not wait for the big opportunity to come knocking.

12. If you are an individual trader, manage your work just like any business would. Try to keep your expenses at a minimum, improve profit margins, diversify your income streams and generate as much cash as possible.

The above mentioned money tips are some of the finest financial advice that you will ever get. Finally, always remember to keep your investments simple and understand the reasoning behind your decisions. If you judge your decisions based on what you see rather than what you think, then you will surely have a prosperous and secure financial future. For more expert financial tips, visit this page.

pic

A stitch in time saves nine

Adages and proverbs pepper our daily expressions. ‘A stitch in time…’ is a peculiar one. Although we know it is related to the benefits of acting efficiently in good time, it often prompts the question ‘nine what?’ The answer is it is simply ‘nine stitches’. So the age old advice is act to fix something as soon as possible. Leave it too long and it becomes a much bigger problem to fix.

Never put off until tomorrow what you can do today

Insure against damage to your home in the event of water leaks

Ignoring a dripping tap or painting over a patch of damp are classic examples of avoiding dealing with small tasks which can become big, expensive problems if ignored. Many small fixes around the house can be remedied without the need to bring in experts on a hefty day rate. DIY books abound, the internet has a whole host of instructional websites and most, if not all, DIY stores will have staff on hand to advise on what you need.

A small damp patch, if left, will spread and can cause considerable damage to plaster and woodwork which can be very costly to replace. You may be able to tackle a small damp problem yourself but even if you need an experienced tradesperson to treat it that will still be much cheaper than dealing with the consequences if you ignored it.

With many houses moving to water meters a dripping tap is quite literally pouring money down the drain.The Energy Saving Trust reports that over a year a dripping tap can waste 5,500 litres of water. When comparing a rising water bill to the cost of a new washer it is hard to see why anyone would leave it dripping?

There is no place like home

So you have maintained your property but there is still more you want to do to make it your ideal home. This is not something you should rush in to. What you might think is a simple development to your living space may in fact require planning permission. If you are making plans for any structural changes rather than just decorative enhancements you will need to make sure you understand all related building regulations.

A penny saved is a penny earned

Having spent time, energy and money maintaining and improving your home you will want them to last. This is a good reminder to check that you have adequate cover at the best price to insure against damage to your home. Shopping around to get the best deal when it comes to things such as insurance has never been easier. There are many websites that can manage the task of comparing options for you. While these sites can quickly access and filter information on numerous products it is important to read all the details when you make your choice, never forget the small print.

It is easy to see how adages became so popular that they still form part of our everyday language. For centuries we have been advising ourselves to be efficient, act in a timely fashion and plan for the future – although unfortunately we still find need for the saying ‘learn from your mistakes’.

Document of Insurance Policy, Life; Health, car, travel,  for background

A Guide To The Basics Of Life Insurance

Life insurance is a matter that mature people will understand better. It is one thing that has an adult ring to it, don’t you think so? If you are like me, life insurance would have been part of the benefits provided to you by your employer. This means that you have been taken care of well by your employer.

Life insurance – When Do You Need It

The brief answer to this question is this: you need life insurance if you have dependents. If you are married and have children and your spouse and/or children are dependent on you, it is important to have your life covered so that they can at least maintain their current lifestyle if anything happens to you. The insurance will not only clear your debts, but also provide an income to the survivors/beneficiaries. This, however, does not mean that you don’t need life insurance if you are a single who does not have any dependents. If you are young and not committed, it is the best time to purchase life insurance because the premium will be very low.

Life Insurance – Why Do You Need It

If you die, the student loans in your name are discharged in Canada. However, repayment of some debts may not be waived. If you have signed any loan documents along with either your parents or any other relative, they will be held responsible for the balance loan amount to be paid if you happen to die. Moreover, funerals are expensive these days and someone will have to meet those expenses. If you have life insurance cover, your family will not have to go through any stress.

Life Insurance – How Much Is Needed

The amount of insurance cover that you need will depend on your personal situation. If there are dependents, the cover should be such that the beneficiaries can continue to enjoy the same kind of lifestyle. If you are a single with no dependents, the insurance cover can be lower. However, it must be sufficient to take care of the funeral expenses and clear debts you co-signed with anyone else. You can make use of a life insurance calculator to determine the amount of cover you need.

Life Insurance – Where Can You Buy It

You can buy life insurance from an insurance service provider. Insurance is a very profitable business as the number of people who purchase insurance policies is always higher compared to the number of claims that the insurance company receives. You must shop around and compare rates before buying any life insurance in your best interest. The kind of coverage you get and the cost of providing the required coverage will depend on factors such as the place in which you live, the extent of coverage required, etc., among many others. It is also equally important that you go through the details thoroughly so as to be clear of the benefits.

Now, just get yourself insured and lead a safe life so that you never have to make use of your life insurance at all.

Subject: mortgage photo On 2013-08-13, at 12:10 PM, Kealy, Aonghus wrote: Mortgage photo for Mark Weisleder, loan, keys, glasses, stock image, Dreamstime  dreamstime_l_26578592.jpg

Banks To Scrap Foreign Currency Mortgages

Private banks do not any longer offer mortgages in foreign currencies. This has affected wealthy borrowers who tried to take advantage of the lower interest rates abroad. The falling value of the pound has, however, increased repayment amounts drastically. The Royal Bank of Scotland International and Barclays Wealth were among the private banks that sold foreign currency loans before the economic downturn. Wealthy borrowers then took advantage of the low interest rates prevalent in Switzerland and Japan to reduce the amount of repayments that they had to make on investment in properties abroad.

With the fall of the pound sterling (almost 25% against the dollar since 2007), most borrowers have seen the debts overtake the savings made through low interest rates. The Financial Ombudsman observed that the complaints received in this regard about increased repayments of mortgages financed with foreign currencies were less than one percent of the total mortgage complaints. Mortgages of this nature have been offered only to the wealthy borrowers. These loans were suitable only for those who made an income in foreign currency and for those who had a complete understanding of the foreign currency market. Some complaints ranged on the fact that they were sold the mortgage aggressively in spite of the fact that they had not understood the risks that were involved. A typical case involved a couple who took a loan in Swiss francs for two properties in the United Kingdom in 2005.

The Swiss franc appreciated rapidly from 2007, with the result that their debt increased by an amount of £160,000.

The mortgage statement clearly indicates that long-term mortgages such as these are subject to currency fluctuations. Some of the brokers also offer alternate strategies that will be of help and assistance to the customers during tough economic climates. Some banks that have sold foreign currency loans have claimed that they made the homeowners understand all the risks that foreign currency loans carry. They do not offer insurance against such loans. Many Britons who bought properties in countries such as Portugal, Spain and Cyprus with Swiss franc loans are now suing the banks that sold them the loans.

Solicitors representing about 1200 beleaguered homeowners who bought homes in Cyprus asserted that the banks in Cyprus lent money without checking affordability with the result that the mortgage situation is grave. This gravity is attributed to the irresponsible lending practices in the United Kingdom prior to the economic downturn.

Homeowners in foreign countries have better access to foreign currency loans. The financial supervision authority in Poland is on a mission to limit such loans to those earning incomes in euros or Swiss francs after the zloty came down drastically in value in the year 2009. In the period from the year 2006 to 2011, it was observed that 60 percent of all new mortgages in Poland were taken in foreign currencies, with a majority being in Swiss francs.