AMEX Market Posts

In order to survive in this world, it is important to learn all there is to know about money. Back when our parents and grandparents had to learn about money, they had to learn the hard way. This taught them how to live with what they could afford and be grateful for it. Usually people don’t live like that anymore. Using this advice, you can make your money last longer.

In order to save money when eating in a foreign country, try the local food. Your hotel restaurant, and any other restaurants in tourist areas, are likely to be way overpriced, so do some research and find out where the locals eat. You will find better tasting food at lower prices.

Do not believe that credit repair counselors will fully help you. A lot of companies don’t give all the information about their skills for repairing your history. This isn’t accurate since there is no similarity to how your credit score is affected to how another deals with credit issues. No one can guarantee success, and to say otherwise is fraudulent.

Buy lean protein at a store that offers it in bulk to save both money and time. Buying in bulk is generally less expensive if you use everything you bought. Save time and energy by dedicating one day to cooking meals for the week utilizing your bulk meat purchase.

Avoid investment opportunities that have high fees attached. Service fees for brokers that assist with long-term investments are common. The fees they charge play a big role in your total return. Keep your investing costs down by staying away from funds with pricey management fees and brokers that take large percentages in commissions.

Income Taxes

It is important that you file your federal income taxes in a timely manner using a free online tax tool can help. To receive your tax refund as quickly as possible, you should file your income taxes early. If you owe money, then you may want to file your taxes closer to the April 15 due date.

The best way to stay one step ahead of financial problems is to advance plan for your future. Doing this sort of planning motivates you to follow through with your plan and reduces the chance that you’ll spend frivolously.

Your home and your car will almost always be your biggest purchases. At first, the payments for large items will mainly go towards interest expenses. Try to get the balance down by at least sending in one additional payment every year or applying some of your tax return money to the balance.

Try to avoid maxing out your credit card. Paying interest on two lower balances will be cheaper than paying on a single card that is close to your limit. And besides, this will not damage your credit score as much, and even help you build it if you can manage wisely your two credit cards.

Credit Cards

You should make yourself aware of the current rules regarding credit cards if you are below the age of 21 and wish to apply for credit. Credit cards used to be given to those entering college freely. You must have a cosigner or an income that can be proven. Always research card requirements before you sign up.

An excellent method of locating coupons not available in newspapers or stores is to search online. Using online coupons can be a great habit to get into to retain better personal finances.

Keep an up to date filing system, saving all necessary financial documents that you need for filing income taxes. Keep all your receipts and other tax documents organized in the same place throughout the year, and you will be ready when tax time rolls around.

Rule #1 of good personal finance is “income must exceed expenditures.” People who always spend every last dollar or always have to borrow extra cannot possibly become rich due to their poor spending habits. To help save money, develop a budget and stick to it.

Real Estate

Some debt is good, some is bad. For example, buying real estate is a good debt. Real estate often increases in value over time, and all interest spent on the loan can be deducted from your taxes. Another example of good debt is a college loan. Educational loans are generally low interest, and payments can be deferred until after graduation.

Don’t pay someone for the home improvement projects you can do. There are plenty of do it yourself classes offered at home improvement stores, and also many articles and videos online to show you exactly the steps you need to take to do these improvements in your home.

Don’t start new debts, and pay your old debts down diligently. It is simple, although we often are inclined to do something else. Debt is something that you will need to gradually reduce over time. Maintaining a consistent approach will help you get rid of your debt and gain financial liberty.

Why not open a credit card account that includes a rewards program? If you always pay your card balance in full, you are an ideal candidate. Rewards cards offer incentives like cash back, airline miles, and other perks when you use it. Carefully study different reward cards, and find the card that offers the best rewards.

The more knowledge you have about personal finance, the better your financial situation will be. If you can be aware of your money, where it is going and why, your life as a whole and financially will be simpler. Use these tips to help you get a handle on your money and put it to work for you.

In order to have the best of success with will the stock market keep going up, you must learn all you can. Take the things you learned here, but continue seeking out other places where you can get knowledge. You will find that when you’re armed with great information, you can be a professional that is confident.

Stock Market

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

When you are choosing any financial advisor there can be a fine balance in making the right decision. Essentially you need to know enough to make an informed choice but leave enough room for using a professional to be worth your while.

For investors looking to select a broker for their binary options trading this basic principle still applies, and if you know the basics you will be able to choose wisely.

Brokers and binaries

Binary Options, also known as fixed-return options and digital options, have been increasing in popularity due to the simplicity of their approach to trading.

The element of stability offered by the two possible outcomes in a trade, the so-called ‘all or nothing’ factor, means that some investors favor the method.

However, as with any growing trading sector, there are plenty of choices for actually making binary options trades.

Trust issues

All decisions that involve handing over any degree of control of your money must be made by taking a certain amount of ‘due diligence’ into account.

Building a relationship on trust can only be done after undertaking some initial homework to weed out any scammers and risky players.

For those just starting out, choosing a platform that is free can be a major plus point. Also, using a web-based brokerage that doesn’t mean downloading or installing any extra software can make it a lot easier to get up and running.

Return levels

One of the big attractions of getting involved in binary options trades is that payouts are determined in advance when the buyer enters into a contract. So choosing a binary brokerage that offers a good rate of return is an important part of your decision and you should look for one that offers at least 65-70%.

Binary options that expire “out of the money” can be hard to find but it is a very useful feature of some brokerage platforms and therefore well worth searching out. Essentially, this involves a pay-out on options that expire out-of-money, being a kind of ‘loss leader’ inducement towards traders and investors.

Although you most likely want to trade in dollars, choosing a broker that supports different currencies indicates that it has an international presence. At the very least, you should look for a binary options broker that deals in US dollars, the Euro and British Sterling.

Security concerns

Any process that deals with your money must be safe and secure and this is even more of a concern when it comes to online transactions.

Choosing a binary options broker that employs good security measures must be high on your agenda and be a primary factor in any decision you make. Strong encryption is the key for any online activity that needs to be secure, and binary options platforms are no exception.

Using 128-bit SSL encryption provided by a market-leading security company should be a basic requirement. Online identity theft is not only potentially catastrophically damaging, it is also one of the fastest growing crimes across the world.

Finding the right broker

Being armed with the knowledge you need to make an informed decision is a big part of the process, but you can only actually go ahead and choose a binary options broker if you then know where to look.

Obviously, as with many other things in life, asking friends or family who may already be involved in successful binary trading can be a great place to start. Word of mouth recommendations can still play a vital role in the increasingly technological world we live in.

Fortunately, if you don’t already know anyone involved in binary trading there are trusted and established online portals that can supply you will all the information you need.

Exciting potential

Getting involved in any new method of making investments can be an exciting thing to do and that is why binary options are proving so popular and drawing in more people every day.

A good broker will only require a small deposit before letting you open a trading account for free, so make sure you look for any signs of overcharging that should set your alarm bells ringing.

Appropriate expiry periods are another thing to take into account, as they can range from minutes to weeks. Payment options are another variable that can determine whether a particular broker is right for you, as you might wish to use PayPal, bank transfers or credit cards for payments and withdrawals.

Above all, once you have the basics covered you can choose a binary options broker with confidence and get on with the actual trading.

Investing

Green issues and environmentally friendly concerns have grown in prominence in the economy and will no doubt impact on the future of the stock market. There is a range of investment opportunities from the boom in “clean” ways of generating energy, known also as “green energy”. Investing in green energy can be extremely profitable, as can investing in environmentally friendly companies.

Making green investments

If you are looking to make green investments, there are some tips to help you achieve this. With the threat of an energy crisis looming in the future, green energy investments could be a very stable option for making returns. Green energy is still considered a niche investment rather than a mainstream investment. This means that risks may be higher, especially if you are new to investing. There are some green companies that have been profitable over a long period of time; if you want to minimize risk, it may be best to invest in such a company. Some tips for making green investments include:

  • Don’t put all your eggs in one basket, diversify your holdings.
  • Buy shares in a number of green energy companies to reduce risk.
  • If in doubt, use a professional investor to take your money and buy stakes in companies they feel are good green investments.
  • Invest in “investment trusts’ such as solar power companies or wind farms as they can offer tax benefits.
  • Choose power generation projects that make use of proven technology created by larger companies, rather than start-ups using technology that may not prove feasible.

Researching which investments are ecofriendly

If you want to make sure that your investments are eco-friendly, there are some research tips that you can follow which include:

  • Speak to your financial advisor to see if they have socially responsible mutual funds, as they may look into the safety of products as well as human rights and environmental concerns.
  • Look at investing in green investment companies that are already well established and offer socially responsible investments.
  • Research companies that offer sustainable green investment opportunities.
  • Many companies offer their policies on the environment and being green on their websites, so look at a company’s core values and whether they are eco-friendly

Using sustainable materials

When looking to invest you should consider the environmental impact of your investment. Look for a company that is environmentally friendly, such as a company that uses sustainable materials. One such company is The Shutter Store; they use sustainable wood to make their window shutters. Investing in a company that uses green methods to make their products is more environmentally sound than using materials that harm the environment. As a wider trend, many companies are using natural resources such as wood when making their products, so that they are environmentally friendly.

If you want to invest in green stocks there are a variety of ways in which you can get a good return on your money and help the environment at the same time.

 

Investing

The CEO is the highest ranking executive in a company. The CEO’s main responsibilities are developing and implementing high-level strategies, managing the overall resources and operations, make major decisions and acting as the point of communication between the corporate operations and the board of directors. CEOs sometimes have a position on the board and sometimes are even the chairman. However, as seen in David Kiger’s blog, every CEO has a unique approach to the role.

The CEO’s Main Tasks

Shareholders and the board of directors usually elect the CEO. In large corporations, the CEO directs the company’s overall growth, but in smaller companies the CEO is often involved in the day-to-day operations. In large companies, it is the CEO who leads, creates policy and motivates the employees.

Good CEOs are realists. It’s all right to think positively and maintain professional optimism, especially in public settings, but CEOs should not live in a fantasy world. They can go with their gut feelings, but it is usually an educated gut feeling.

The CEO’s Responsibility

The first responsibility of a CEO is strategy and vision. Investors may approve a business plan and senior management may help develop strategy, but the CEO sets the direction. This includes selecting markets, considering competitors, choosing product lines and how to stand above the rest in their niche.

The second responsibility of the CEO is to build company culture. Happy employees are more productive. The top candidates will choose a company with a good culture. A second-rate company culture will drive away high-performers. Some ways in which the CEO send the message of company culture are how he or she dresses, who they talk to, how mistakes are treated, how much risk-taking is recommended as well as who is fired, who is hired and what the rewards are.

The third main responsibility is team-building. The CEO selects the senior management team, who in turn, hires and fires the rest of the employees. It is important for a CEO to be able to fire non-performers as well as resolve differences between senior management, so they continue to work together in a common direction.

The CEO must also convey values. These tell employees how the company will achieve its goals. The CEO sends the message through their behavior. If they support and model trust, openness and honesty, the whole company will follow suit.

The fourth responsibility is to set budgets. The CEO must fund the projects that succeed and cut the budgets or close down projects that lose money.

A company or organization depends on their CEO for success. If the above duties are done properly, the company will earn more profit.

Personal Finance

If you are a new investor, you probably don’t have a lot of money to spare. That’s the way most (almost all) of us start. We have a very finite amount of financial resources which we want to grow. But we’re not able to allow ourselves many failures. If we mess up big even once, it could be the difference between a career in investment and a lifetime in debt. Them’s the stakes, and it’s important to understand them before embarking upon a career as an investor. But by selecting sensible first investments, you can allay most of this risk and add decades to the lifespan of your investing career. Here’s how I would recommend doing it.

Start Small. CMC Markets CFD Brokerage is probably the best way to start. I think this for a variety of reasons. 1) CFD allows you to focus on a single product, not super-complex markets which exceed anyone’s comprehension. 2) CFD allows you to open a free demo account, in order to make real investment decisions without actually risking money. 3) CFD is fast. It’s a form of day trading, and you can complete many individual investments in a day. This way it’s quick to learn, and you benefit from intense trial and error. This, combined with the free demo account, makes it perfect way to learn important skills, which will continue to be important no matter what kind of investing you are doing in the future.

Invest in Your Lifestyle. Here, I’m not talking about buying a car or going on vacation. I’m talking about canceling your debt. If you can get rid of your debt, using earnings you got through investing as above, you’ll start to be able to make money a lot faster. It’ll be like swimming with the current instead of against it. I recommend doing things like creating an emergency savings fund, buying your house if possible, and increasing your knowledge of personal finance and investment. This will prepare you for the next step.

Invest in the Future. CFD trading is focused on investing for today and tomorrow. Though you can easily earn money which can be saved for later, it’s important for any well-diversified investor to create investments which will pay off at all stages of life. This includes when your children need to go to college and when you need to retire. Investing further in real estate, as well as ETFs and index mutual funds, will prepare you for the long term. Maximizing 401(k) and IRA contributions are a very important part of this process.

As you can see, this maps out steps to build a solid investment portfolio from scratch. By using the low barrier for entry to get into CFD you’ll be able to learn the basics of investment, while hopefully saving your dividends. Then you’ll change your lifestyle to accommodate a higher rate of saving and investing. Then you’ll set yourself up for success in the very long term. It’s a proven strategy that works.

Investing

A short term loan, often referred to as a payday loan is a short term unsecured loan. Many areas refer to them as cash advances however, the term is often confused with short term lines of credit provided by banks. Two things are required in order to apply for a payday loan that is employment or a verifiable source of income and documentation to prove how much you make.

The annual percentage rates for this type of loan can verify greatly between lenders. Many countries have recently passed legislation to limit the APR on payday loans.

A payday loan is repaid on the next payday for the borrower. Once the income is verified and the application is processed the borrower can receive their money the same day or the next business day.

With today’s technology going to the actual location of a payday lender is a thing of the past. You can now apply for a payday loan online. All you need to do is either email or fax documentation that proves you have a job, how much you make, proof of residency, and a voided check as proof you have a checking account. Once your loan is approved it is deposited directly into your checking account as early as the same day or next business day. On the next payday the amount plus any fees are withdrawn from your checking account and the loan is repaid.

A payday loan can be a great way to help out when unexpected circumstances arise. These can be anywhere from an emergency medical bill to emergency maintenance on the family vehicle. They can also be a good way to reestablish credit. Many payday lenders report the payments directly to a credit agency. While you should never consider getting a payday loan just to improve your credit score it’s a fact to keep in mind should you need to apply for one.

As with any type of loan there are payments that need to be made to pay back the loan. These types of loans have very high interest rates that are added into the payment. Before applying for a payday loan be sure your budget can accommodate the extra payment. If you find yourself applying for too many payday loans you may want to take another look at your finances for ways to cut back thus having more cash available. Because as with any loan, you obviously do have to pay it back eventually, and the sooner the better.

 

Personal Finance

As a small business owner, you have a lot of paperwork to complete, government regulations to follow, and financial records to maintain. Unless you are engaging in some illegal business on the side, money laundering probably isn’t something that you think about much. Unfortunately, the federal government may be linking your business with these suspicious transactions, and once they suspect you – with or without any evidence of criminal behavior – you could lose everything.

Civil Asset Forfeiture – Legal Extortion

This scenario may seem hard to believe, but there were 639 seizures of cash, called civil asset forfeiture, in 2014 alone. Out of those cases, only a fifth of the businesses targeted were prosecuted criminally. This means that the other four out of five were probably innocent small business owners; eighty percent of the accounts that were seized and emptied into federal accounts belonged to people who were entirely innocent!

The Bank Secrecy Act

This federal practice is protected by a couple of laws that are difficult to overcome. The first is the 1970 Bank Secrecy Act. This law sounds fine on the surface. It requires banks to report any transactions that exceed $10,000. The purpose of the law is to allow the government to recognize criminal activities such as money laundering, illegal gambling, and tax cheating. Criminal organizations responded to this law by “structuring” their deposits in increments just less than $10,000.

Transactions Under or Over $10,000? Could Be Suspicious

Now the law has been revised to require banks to report patterns of transactions just under the ten thousand mark. If you own a small business and regularly move cash amounts under $10,000, your financial institution is required to report you to the federal government. Although you may not even be aware that your transactions look suspicious, your bank is not allowed to alert you to this fact! If you haven’t engaged in any illegal activity, if you handle cash in amounts less than ten thousand, you could lose everything in your bank account to the IRS. According to the Bank Secrecy Act, banks:

  • Are prohibited from advising customers that their activities may look like structuring.
  • Are prohibited from alerting customers to the fact that they have been reported to the federal government.
  • Are required to report transactions exceeding $10,000.
  • Are required to report patterns of transactions totaling less than $10,000.

Guilty Even When Innocent

Ultimately, if the IRS determines that civil asset forfeiture is necessary, all of the money in your bank account could be seized. Without the money in your account, however, you may have limited resources for your defense. If you do win, it’s best to expect only part of your money back. Small business owners have struggled to overcome this law. Fortunately, the banks and public interest law firms, such as the Institute for Justice, are also involved in the battle.

Personal Finance