AMEX Market Posts

Many people have often wondered exactly what the time limit is when filing a PPI claim and exactly how far back can they go when filing a claim? So when is the PPI deadline? Most banks and financial institutions give the impression that the time limit is six years with some case even in some cases up to 30 years. The banks and other financial institutions will insist that it is six years because they try to limit the number of claims.

All banks and other financial institutions are required by law to keep all financial records for six years after the completion date of the loan. This is the minimum number of years that all financial institutions and even businesses are required to keep all client details. In some cases, lenders will even have records that go back into the early 1990s. The biggest problem is that most lenders have different methods and lengths of time that they keep financial records of their clients. This means that is you have a claim from 10 years ago you may be able to file with one financial institution but not with another.

Another big factor to consider is that some companies are regulated by different financial organizations. However, this became more standardized in 2005. this means that some companies can be required to review claims and others would not have to because of the regulations that were in place back then.

Currently, the time limits to file claims are being considered to bring about a timely conclusion. In order to protect the consumer, the FCA or Financial Conduct Authority are considering setting deadlines in 2018.

remember that it is crucial that you check your financial documents to see if PPI was applied to your loan or any loans that you have had in the last 30 years regardless of what type of loan it was such as mortgages, loans or credit cards. Also always read all paperwork to see if PPI is part of your monthly payment. If you do not want PPI and have been paying for it you may be entitled to a refund. On the other hand, if you are paying for PPI as part of your monthly payment and want the protection you will have peace of mind knowing that you have protection in the event of accident, sickness, disability or death.

Personal Finance

In this article, we review an advanced trading platform, based in Scotland, which is named Finpari.

Scam Verification

Although Finpari platform is not regulated and operates under the laws acting in the UK, there are solid proves of its reliability.

Primarily, the platform offers a top-notch customer support service, which is quite important, taking into account that popular brokers can be hard to reach sometimes.

In contrast to multiple trading platforms, Finpari has developed a high-quality website, which is easily navigated and provides all important data on the services.

Moreover, due to the availability of a trial account and efficient trading materials, the broker provides high-quality guidance for the users.

Information on Depositing (Minimal Finpari Investing)

The starting deposit has to equal minimum $250. The payment methods available are WebMoney, OKPAY, wire transfer, credit cards & debit cards, Bitcoin, PayPal, Perfect Money, and QIWI. The trading currencies are EUR, RUB, GBP and USD. The smallest trade value is $1.

Depositing and withdrawing money on Finpari platform is uncomplicated. Depositing is free of charge. The withdrawal processing time is one hour.

The disadvantage of Finpari concerns its withdrawal fee, which is not dependent on bonus assignation. Thus, if you are signed up on the platform, you must reach certain requirements to get a withdrawal processed.

The categories of accounts are bronze ($250), silver ($1,000), and gold ($3,000).

The Option Types

The operated software is a high-quality tool, popular in the sphere of BO marketing, – SpotOption. Due to this system, the broker can be accessed on any device type. The smallest sum to be invested equals $10 while the highest is $1,500. Thus, the range is suitable for the owners of any account types (from small to medium).

A great variety of options, including long term, one touch, pairs, ladder, 60 seconds, high/low, is available.

  • The standard trades are based on high/low options, which presuppose price direction selection. Long term options are characterized by long expiries while 60 seconds presuppose 1-minute expiration.
  • One Touch trades relate to the prediction of a price reaching certain value in specific time frames. Trading on pairs means deriving profits from the pricing action of two different assets. Ladder options presuppose gradual payout requesting, which depends on the progress of price movements.

Finpari Trading System

Depending on account types, one can receive different training resources. Thus, on a Bronze platform, one can access a free eBook, video recordings, and a trial account free of charge. Silver account presupposes the use of a web class and 3 trades free of risk. Gold accounts offer also a prepaid card. Moreover, one can order a full account management on Finpari.

Trading Subjects

The examples of traded stocks, on Finpari, include IBM, TESCO, Apple, Microsoft, etc. Among the available currencies, one differentiates EUR/JPY, EUR/USD, NZD/USD, and others. The indices to be trades involve DAX, FTSE 100, DOW, TOPIX, etc. Finally, the commodities on Finpari include sugar, coffee, wheat, etc.

Investing Stock Market

When you choose to trade in binary options you will quickly realise that every trade is time controlled.  In fact, deciding a time limit is part of the purchasing sequence.  A trade can last just sixty seconds, or it can be several hours long; the rewards may vary according to the length of the trade although there are a variety of other factors which will need to be taken into consideration.  The decision will probably be made based on the time you have available and whether you mind waiting for your results or not.  If you enjoy the thrill of watching the price move you may find shorter trades are more appealing.

Whichever option you choose it is essential to remember that, whilst you can choose almost any duration, as soon as you have chosen and committed to the trade the deal is locked.  You cannot then extend or shorten your trade in order to get the right result.  This is one of the biggest differences between binary options trading and regular trading.  If you buy and sell shares you can do so at any point, depending upon market conditions and the current price of the shares.  However, with binary options you are not purchasing a share; you are simply purchasing an option; there are only two basic choices; the price will either go up, or down.  This is known as the call/put trade; it is the simplest option and the best one to start with.

There are in fact three binary options, the call/put as described above, and the following two:

The one touch trade is controlled by a broker.  They will select a price for a specific share and a time limit.  If you agree to the trade you will receive a return if the share prices rises to the set level.  It does not matter if it goes over that level as long as it reaches it.  The harder it is to reach the target price, the higher the reward is likely to be.

The third and final option is the boundary trade; in this option you can choose whether the share price will end up within a specific price range or not.  If, at the end of the trade it is in the same place you predicted then you will get the agreed rate of return.

Deciding which option is right for you will depend upon your current level of trade experience.  If you are new to the markets the basic put/call trade may be the best option; to assist you with learning how share prices move.  Alternatively, if you are already experienced in trading on the stock market and are looking for a little diversity you may wish to dabble in all three types of trade.  There is no right or wrong options; just the one that suits you and your current position best.

The quality of your trades is much more important than the number of them.  Whether your goal is to earn a living from binary options trading or you are just looking for a little extra will make a big difference to the amount of risk you are prepared to accept.  Everyone is different and you will need to develop at least one of your own binary options strategies to reach your own goals.  It is essential to note that you cannot win every trade; you must factor this into your calculations and risk only what you can afford to lose.

Investing

Contemporary market offers a big variety of devices that are based on Android. These are smartphones and tablets. There is a possibility to perform trading of monetary assets with the help of such devices, in case one refers to the broker, which runs a compatible platform or app.

Trading from Android phones

It is possible to trade financial assets on the devices, which are Android-operated. Mostly, the devices, which are run on such operational systems, have spacious displays. It allows using all features and tools, which are provided by binary options brokers.

The employment of the reviewed devices is advantageous in terms of their weight. Thus, with smartphones, one can successfully sustain all trading operations from the tools, which are not heavy to carry, which guarantees maximum mobility.

Trading from Android tablets

Obviously, investing operations may be performed on tablets that are operated on Android tablets too. The primary benefit of the option concerns the idea that tablets have larger displays than smartphones, which guarantees having more comfortable investing environment.

Nevertheless, many do not like the idea of carrying tablets since they are bigger than mobile phones and occupy more space. It is, obviously, the single minus of sustaining trading operations from Android tablets.

Trading via mobile browsers

One differentiates two methods, with the assistance of which trading on mobile devices is performed. Firstly, one may consider trading assets from web browsers. Due to the possibilities, which are suggested by contemporary technology, one may invest assets from browsers just as successfully as making investments from online platforms, which may be downloaded and are aligned with investment possibilities. Nevertheless, we consider that sustaining trading operation on browsers is less efficient than making investments on specific applications since the former can not provide a full replication of investment opportunities of well-developed apps.

Trading from Android binary options apps

Another method of sustaining financial operations on Android-operated devices is trading binary options via apps, which are run on Android-based system. So that to use this investing method, one has to download install an Android-based app, which was devised by a financial services provider. Sustaining trades from such applications has its advantages, which embrace efficient graphics and some well-developed functions that are not available on mobile web browsers.

Investing

Investors can never truly know how the bear market can turn out to be for certain. Therefore, it’s important to invest your money in many different ventures as possible to minimize your financial loss in case one market fails. Diversifying investment portfolios is an essential strategy for financiers. It’s something that veteran investors master to the point of an art. Beginners, however, may struggle. If you are an investor looking to diversify, here are several useful tips to follow:

Include Low-Risk Options

When you are trading stocks or investing in real estate, you need safer, very little risk involved, investment options to guarantee an income on the long run. These will be essential if one of your ventures fail in a major way. You will need something to fall back on. Therefore, you should diversify your portfolio by investing in the least risky way. Currently, the investment options where risk is minimal include savings accounts, fixed deposits and government bonds. Most of these are insured, so you can have at least a portion of your money back if the bank fails.

Join a Pool of Investors

One of the best ways to invest if you are beginner is to put your money into high yield mutual funds that are professionally managed by financiers. These essentially pool funds from multiple investors, and a lump sum is invested in stocks, bonds, the money market and other assets. Mutual funds are automatically diversified to protect against risk of one market. They are also handled by experts, which is an advantage if you are just starting out. Consider pooling at least some of your money into one of these to diversify your portfolio with little effort.

Precious Metal

Inflation and economic downturns are the sworn enemies of investors. In case the unthinkable happens, a good investor should have funds hedging against loss. Precious metal is a time honored and well tested investment option that protects funds against dangerous fluctuations in currency. Precious metals, like gold, are inversely valued against the US dollar, so that if the currency is devalued due to inflation or recession, your precious metal stocks will go up in value. Therefore, do not overlook previous metal in your investment portfolio.

Foreign Stocks

It’s difficult to say how the US government, or any other government, will fare five years from now. Do not put all your resources with stocks of one currency. Buy foreign stocks in foreign currencies to protect your overall portfolio against inflation, economic downturns and political instability. Mix up your stocks and buy from other stable governments in Europe and Asia to increase your revenue and dilute your risk.

Direct Investments

Instead of buying stocks of companies through a financial firm, you should consider investing directly in a startup. There are countless startups crowdfunding capital in return for a share of stocks or revenue. You can find them on sites like Kickstarter. Diversify your portfolio with some of these for commission-free returns.

 

You should begin diversifying your investment portfolio the day you begin investing. Do your research, talk to professionals and think outside the box to solidify your returns.

Investing

If you have been turned down for a loan or other form of credit, then you are one of hundreds of thousands of people who are refused every year. While the financial crisis may have ended and interest rates remain stuck at record lows, the mainstream banks are still reluctant to lend to anybody except those with excellent or perfect credit ratings.

So millions have been shut out of the main credit market over the last few years, finding that they are not only unable to borrow the money they need to fund home improvements, new cars or debt consolidation but also not able to repair their credit records.

There may be a multitude of reasons for rejection – an applicant might have made some fairly minor mistakes with their finances in the past, he or she might not be registered to vote and so not on the electoral roll or they may have had a CCJ or default made against them up to six years ago.

This can be a cycle that is hard to break out of: an applicant needs to show a record of good repayments over time but is repeatedly turned down for a loan or credit card in order to build up such a history to begin with.

Guarantor loans

If you are new to the credit market – perhaps you have just bought your first home but don’t have sufficient funds to redecorate it or maybe you want to replace your car but have never borrowed money before – guarantor loans can help you.

With a guarantor loan, the applicant who has either a bad credit record or has never borrowed money before – finds somebody close to them who is prepared to stand as security that the loan will be repaid even if circumstances change.

How they can help rebuild credit:

  1. A clean sheet

Because it is the guarantor’s credit record that the lender is looking at, the borrower’s record is not so relevant when the lender makes its decision.  The guarantor is providing the lender with the reassurance it needs that should the borrower fail or be unable to keep up with repayments, he or she will step in to ensure that the schedule is adhered to. That means that if you are worried you might be turned down for credit, you can apply for a guarantor loan more confident of success. This avoids the problem of having repeated credit searches on your record – something that the major financial institutions have come to recognise as a sign that a borrower might be in financial difficulty.

  1. Credit repair

While the lender will be looking at the guarantor’s credit record when making its decision, the repayments will be registered on the record of the borrower (so long as he or she sticks to the schedule). This means that while you may have a poor or non-existent record to start with, so long as you make all of your guarantor loan repayments on time, your credit record will start to improve almost immediately. Because borrowers look for a history of payments made on time when making lending decisions, this means that your record can go from poor to good quickly when you enter into a guarantor loan agreement.

  1. Safer for the borrower than other forms of credit

There are plenty of other forms of credit offered to the so-called sub prime market. These include payday loans, logbook loans and forms of doorstep lending. But all of these come with much higher interest rates than guarantor loans and often have other fees and admin charges. Some of these are also secured against property meaning that you could lose your home if you fail to keep up with repayments. With guarantor loans, the lender is taking the guarantor’s credit record into account when setting an interest rate meaning that a borrower can often benefit from a loan that is easier to manage.

  1. Longer repayment schedules

The longer your history of repaying loans on time is, then the more likely it is that you will be approved for other types of credit. Guarantor loans can help with this – they have longer repayment schedules than other forms of sub prime lending and larger capital sums on offer. If you take out a guarantor loan for, say, five years and always make your repayments on time, then this will reflect on your credit record throughout the life of the agreement. These longer repayment schedules also mean that a borrower can plan their finances more effectively for months, even years ahead. That gives them a better chance of keeping everything up to date and, as a result, continue to maintain their good record once things improve.

  1. They are looked on more favourably

Payday loans – while appropriate for short-term borrowing in some circumstances – have had a bad press. Not least has been the acknowledgement by the big banks that they will not touch applicants who have taken out a payday loan in the previous six months, sometimes 12. This is because some financial institutions regard payday loans as signs of financial distress and that those who have taken them out are less likely to adhere to other repayment schedules. There’s no such worry with guarantor loans which are recorded on your credit record just like other more traditional forms of credit. So long as you continue to make your repayments on time, then banks and other financial institutions will regard other applications for credit more favourably.

Article provided by Mike James, an independent content writer working together with technology-led finance broker Solution Loans.

Personal Finance

The Forex markets have already enjoyed headlines during this January, so many traders expect that 2016 will prove to be a fruitful year. As the majority of recent news has focused upon the state of the currency markets, it is a good idea to highlight some of the features which are set to define the most efficient electronic platforms. Appreciating these metrics will enable investors to make the most informed decisions possible.

Competitive Minimum Entry Levels

It only makes sense that entry levels are predicted to be even more competitive when compared to 2015. This primarily arises from the fact that an increasing number of online brokers are entering into the electronic world. In order to entice new investors, we should fully expect to witness some amazing minimums during the months ahead. Still, there is much more to consider than entry levels alone. What other trends have already taken shape?

A Multitude of Currency Pairs

A sizeable portion of investment analysts seem to point to an increased amount of volatility throughout the Forex markets in 2016. It still remains to be seen whether or not this observation will come to fruition. However, many astute traders will embrace a more risk-averse stance this year. One of the most effective ways to embrace such a strategy is to diversify into different currency pairs while maintaining holdings in the major players such as the dollar, the pound and the euro. More exotic positions could prove to help supersede much of this volatility. This is also an effective approach for those who are hoping to embrace both short- and long-term options.

Mobile-Friendly Service

Mobile-responsive trading platforms should become the norm during 2016 and beyond. It has been shown that no less than 63 per cent are expected to access the Internet on a daily basis through the use of their smartphone. This will obviously translate to the individual traders themselves. Such mobile capabilities can enable one to open and close positions even while away from home or the office. The majority of astute portals have implemented mobile-friendly software within their trading platforms. Some even predict that mobile access will supersede traditional computer transactions within a few years.

Substantial Customer Service Resources

The Internet has become a very interactive environment. Thus, any website needs to display excellent levels of customer service. Not only will this tend to include access to standard telephone numbers and email accounts, but other features are likely to come into play. Thankfully training software and community features are quite commonplace on platforms like CMC Markets. Quality customer service has always been seen as a hallmark of a reputable broker. This principle is predicted to become even more entrenched during 2016.

These are some very general observations which are expected to have a great deal of relevance during the upcoming year. It is always pivotal to appreciate which platforms offer these amenities. Selecting the best trading system is just as important as choosing the correct investment strategy.

Forex

Everyone faces financial challenges throughout their lives. Those going to college begin fairly early because in most cases that involves taking out a student loan which will need to be paid back when they start out on their careers. Their prospects should be fairly good if they graduate successfully because statistics show they have a better chance of a highly paid job than non-graduates. Whether they handle their finances well is another matter. Those that don’t in general may find that in their later years life is not as comfortable as they would want.

70% Of Final Salary

There are competing demands for your money; you will want a good retirement fund but there is always the temptation for short term gratification; a new car, big house, latest smart phone and exotic holidays. These trappings of apparent success often take priority over taking action to secure a happy life in later years. It is a worrying trend because the Social Security System is unlikely to ever be more than a support in those years. Estimates suggest that you will need to have as much as 70% of your final salary as income once you retire and the monthly pay checks stop.

A recent Wells Fargo survey finds that people over the age of 60 only have an average fund of $60,000, and a significant number have nothing at all according to Bankrate last summer. Realistically many cannot afford to retire but may have no choice. Social Security falls far short of what anyone will need. The average benefit check is just $1,335 at a time when there is the likelihood of older people facing more health issues alone. Those that have struggled and used their credit cards to subsidize their lifestyles are in even greater danger.

The options vary with age. Those who graduate, get a good job and start making retirement provisions in their 20s should have few problems. Those in middle age and older that are in the position outlined above with insufficient savings must act immediately. That includes plans to downsize at the same time as getting rid of expensive debt, typically that on credit cards where balances incur a high rate of interest.

Downsizing and Its Impact

Downsizing is likely to make a significant difference to your life. If you own a large family home you are unlikely to need so much room in later years with the children gone. There is often a chance to cash in and put some dollars sameday into your bank by moving to somewhere smaller. Perhaps if you are a couple with two cars you will able to make do with one?

Take Loans and Reduce Burden

It is dangerous to be carrying expensive debt. It makes sense to take out a personal loan to pay off such debts because the rate of interest will be lower, even if you have a poor credit score. You can budget far more comfortably if you have a single monthly payment over an identifiable time rather than varying amounts payable on existing card balances.

Even if you have cleared such debts prior to retirement you will still face a challenge. Perhaps you can get a part-time job but you surely don’t want to work too many hours and for too many years after reaching the official retirement age? You may be able to work online of course which allows you to have flexible hours in most cases. Whatever choice you make you will need extra income.

People are living longer, often more than 20 years after retiring. That is a long time for those who have not saved towards those years when the pay check is no longer an option. It makes you wonder why many seem to be ignoring this potential problem. It appears that the phrase ‘live for today and tomorrow will look after itself’ is the principle by which many are living. Few it seems are asking themselves about ‘tomorrow’ and there will be consequences. If they do nothing else they should live within their means and pay off high interest rate debt so they are debt free on retirement. How they will live from then will depend on Social Security and perhaps a part-time job. It doesn’t sound much of a reward for a working life!

Personal Finance

The choice of the right forex broker is crucial to your success as a trader. Investing proper time in choosing your broker is as important as strategizing your trading moves. And, how exactly would you know that you are actually headed in the right direction in this regard? We are here to help you. Kindly read on in order to explore further.

How would you adjudge the credentials of a broker?

Forex remains the largest financial market across the globe. The steady growth of Forex has only resulted in the proliferation of more brokers in the market. You are not really restricted by choices. However, you must be serious enough to exercise due wisdom while settling for a choice.  You cannot really bank on a random decision just because there is no dearth of forex brokers out there. Here are a few factors which you must keep in view while you are in the process of zeroing in on the right forex broker for yourself. Do keep these points in view.

Regulatory Compliance: Yes, this is the first attribute which you should keep in view while selecting the broker. Remember that even the broker with the best of trading platforms will actually be of no use if it’s not duly tied to a regulatory authority. There are different regulatory authorities governing the forex brokers in different countries. Just conduct proper research on the background of the brokers and find out about their status of compliance.

In the United States of America, National Futures Association and Commodity Futures Trading Commission remain the regulatory authorities. In Switzerland, it’s the Swiss Federal Banking Commission which supervises things, while in Australia it’s the Australian Securities and Investment Commission which regulates the market. Make sure you are actually finding out about the regulatory authorities in your country and finding out whether the broker you are consulting is tied to the authority in question or not. If you are in search of a reliable forex broker then make sure you are visiting the website of fibo group.

Be on your guard against claims of guaranteed profits: If you come across brokers offering you 40% to 50% guaranteed returns within the initial months, then know for a fact that you are being promised something unimaginable. So, please ensure that you are on your strongest guard against such claims. It is, in fact, better to move on.

Deposit: Now, the forex market allows you to trade with the lowest imaginable deposit money. However, different brokers might as well require different amounts of deposits in order to let you start trading. There are some who might spell out something as low as $50, while there are others who need hundreds of dollars. Is it easy for you to pay your deposit? What are the payment options offered by the broker? A broker should ideally offer deposit options ranging from wire transfers to online payments and others.

Keep these points in view before zeroing in on the brokers of your choice. They will be of ample help – we hope.

Forex

Living modestly doesn’t always mean living a life without fun and whistles. Actually, you’ll be surprised how easy it is to reduce your spending with a little planning and patience. The more you can save on your everyday expenses, the more money you will retain for potential emergencies, vacations to exotic locations, a college education for your children (or future ones), or whatever big ticket item you want in life.

Here are 5 ways to get you started.

Save where it counts. The most affordable option isn’t necessarily the best option. There’s no point in buying a cheap pair of shoes if they’re simply going to become rugged and worn out within a few months. Understand value over cost. Purchasing an original and branded item is oftentimes more frugal than buying an imitation that has to be replaced repeatedly throughout the year.

Also, you need a clear goal why you’re saving. It may be for a new car, a dream vacation, or a house of your own. If it’s the latter, NPBS mortgages can back your home ownership dream while you’re on your way to saving more cash.

Go for generic groceries. Have you tried comparing a name-brand product with a generic one in a grocery store? If you haven’t yet, then do it the next time you go shopping.  Compare the ingredients of two similar products, and then check the difference between their prices. Heck, you can buy a $5 bottle of peanut bottle that tastes virtually the same as its $25 name-brand counterpart. Purchasing name brands doesn’t mean paying for the product itself, but for the idea and the name behind the product. In other words, name brands are expensive because they have a more expensive marketing (not higher quality.)

Reduce food waste. What percentage of your groceries are left unused and end up tossed in the trash? To avoid wasting your grocery, change the way you think about shopping. Create a list of items by writing down a weekly schedule of the types of meal you’re going to cook before heading to the store. If it isn’t a part of the ingredients, then it doesn’t belong the cart. End of story.

Patience is a friend. Smart buyers know how to be patient. It’s not a good idea to spend a $100 dollar on a skirt now if it’s going to be discounted in the future to make room for seasonal clothes. Be patient and you will be rewarded with an awesome price cut. You can also check group-buying websites. They offer up to 90% discount on regular items.

Go thrift shopping. Macklemore spoke the truth. 20 dollars in your pocket can go a long way if you use it for thrift shopping. Thrift shops are full of deals on great selections of barely used clothing, saving you a lot of money on your wardrobe. If you’re afraid that the quality won’t be up-to-par, well don’t be. Most thrift shops are quite picky about the items they accept. You’ll be surprised what you can find.

That sums up our short list on money spending. Good luck!

Personal Finance