October 31, 2016, 8:40 am

Stay Protected And Profit In Uncertain Markets With XTrade

by: The Financial Blogger    Category: Investment, Market and Risk

If you’ve ever been to a financial advisor you’ll know that there’s no easy way to build serious wealth through investing. It takes an enormous amount of research and there are no shortcuts. At least, that’s what your conservative financial advisor will tell you.

 

He’ll say you need to ‘save’ as much as possible and keep your money in a safe place – like the bank – even though doing these things pay you no income. Saving is great, but what if there was another way?

 

Trading pairs through online brokers such as XTrade offers you a way to invest and grow your wealth yourself.

 

Banks

Strangely enough this way of building wealth still involves banks. No, not saving in the banks, but following what they trade. Banks account for a large chunk of the forex market. If they aren’t working, then the volume of transactions being carried out is greatly reduced. Many traders on XTrade and other leading platforms can attest to seeing a null period when the banks aren’t trading. This can lead to either really static markets or on worse still, erratic markets that can send any trader into a downwards spiral. Banks tend to trade the Forex markets at least once a day for balance sheet reasons and can also trade a number of times throughout the day for speculation reasons. They need a certain amount of each currency to meet the demand of their customers, both personal and business, that will need to buy foreign currency from the bank or exchange their foreign currency for their local currency.

 

 

Keep your money safe while trading pairs

Online platforms such as XTrade should have good reviews by their traders. To ensure successful pair trading, you need to choose shares that generally move together but are showing an abnormal deviation in share prices. And to profit from this deviation, you need to get the weighting right.

 

By this, I simply mean that you want to place the same monetary amount on each trade.

This will protect you and will isolate the move you’re looking for.

 

This is just one strategy showing how you can use CFDs and single stock futures to profit in the fast paced world of trading.

 

Maintain a diversified investment interest

Consider going between trading pairs and CFD’s. By selecting a mix of trades that invests in a variety of markets, you are minimizing risk of a single big loss. Online trading platforms such as XTrade offer you a wide variety of markets to trade in – all from one single trading account.

 

Keep it together

Whilst learning to deal with the common trading psychological pitfalls such as fear and greed are very important, the real key to trading success is learning to be comfortable with uncertainty. No matter how great any trade or setup may look, a trader must learn to accept that every outcome is uncertain. Whilst a trader may have a trading edge that does not mean they will win every trade and learning to deal with the uncertainty of when the winners will come and when the losers will come is the key to profitability overall.

 

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October 28, 2016, 10:39 am

Payday vs installment loan: Knowing the difference

by: The Financial Blogger    Category: Banks and You

If you’re in need of extra funds, you may consider taking out a payday or installment loan – but what’s the difference? Financial jargon can seem complicated but this article will explain in simple terms what each of these borrowing options entails and how the differ from one another.

Installment loans:

Installment loans are a great option for many, making it straightforward to borrow small or large sums of money and paying the owed amount back via regular installments over a set period of time – this is usually from six-months to a couple of years.

Installment loans for bad credit scores are particularly important, as the borrower is given an opportunity to show they can make repayments on time and stick to a pre-organised payment schedule.

The money available via this type of loan can also be used to pay back debt that’s been consolidated in one swoop rather than having to deal with multiple creditors at the same time – which is, of course, an attractive option for those being hounded by various companies.

In short, loans of this kind are a handy solution for long-term cash needs and a good option for those looking to pay money back in increments. While interest rates vary, all costs are transparent and those entering a contractual agreement know what’s expected of them in advance. There are no secrets and reputable companies will also try to keep interest rates down to ensure your finances are as healthy as possible.

Payday loans:

Like installment loans, payday loans give people access to cash when they most need it – the difference is that smaller sums are usually available and the money has to be paid back usually within a 30-day period, either via a predated cheque or automatically via Direct Debit.

Due to the convenient nature of such a loan, interest rates tend to be sky high and borrowers are recommended to ensure they can pay the full amount back in time, to avoid incurring additional fees. This type of loan is also usually unsecured, with lenders assessing the borrower’s ability to repay by viewing recent paycheques. In contrast, installment loans tend to be secured by assets such as personal property, excluding real estate.

Of course there are pros and cons to both options and all aspects of taking out a loan should be considered in full before any action is taken. Installment loans tend to be the much more obvious solution for those who require a larger sum of money with a longer repayment plan, whereas payday loans are perhaps best for those looking for an instant cash injection who are not particularly worried about high interest rates – because they know they can pay the money back in time.

There are many reasons why people apply for a loan, but if you decide to contact a lender be sure to do your homework and avoid many of the common pitfalls, such as borrowing more than you can afford.

 

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October 26, 2016, 7:51 am

3 Powerful Ways to Manage Business Debts

by: The Financial Blogger    Category: Pay off your Debts

 

Managing business debts is a major obstacle for all entrepreneurs from across the globe. When you need to secure business loans, you have to guarantee that you can repay it, taking after every one of the terms applied. In fact, it is not wrong to owe somebody or a loan company cash, as long as you can settle it on time. If not, you will be in a bad position when you are not ready to do as such.

 

For the most part, maintaining a small business is frustrating and stressful. However, if you love what you do and you are concerned about your business, then you can survive anything to make it thrive. Business loans can actually make or break you. This is the reason why you need to choose deliberately what sort of loan you will apply for.

 

Good thing there are various business finance solutions available out there, which you can swing to whenever you need business finance assistance. Sites like https://www.kikka.com.au offers financial help to business owners. Banks and Non-government agencies can also assist you in setting your business. Remember to pick your fights carefully and you will get through any business troubles along the way.

 

So, here are some ways to deal with business debts effectively:

 

Cut back unnecessary expenses

Decide the sections of your business where you can reduce costs, so you will have the ability to pay your debts. There are different ways on how you can lessen costs, for example, subleasing unutilized space, auctioning off unused gear, or disposing costly telephone frameworks. With this, you can free up money to settle your business obligations and keep your company running smoothly.

 

Combine loans

Business debt consolidation is one of the speediest solution to settle your debt quickly and lessen interest rates. As opposed to paying different credits with various financing fees, you can just wire them into a solitary low-interest loan. Also, this procedure gives you a chance to simply deal with only one lender. The loan can either be secured or unsecured with business assets. In order to help you out on this matter, you can inquire to finance experts whether this will be a good fit for your business or not.

 

Revisit your financial plan

When your debts keep heaping up, then it means that your company’s present budget plan is not generally working out. Make a financial plan in light of the business’ present monetary circumstance. Ensure your business’ income can take care of your monthly costs, such as lease and service bills. At that point, designate a part of the financial plan for variable costs, like fabricating materials.

 

It is your obligation as a business owner to deal with your company’s debts. Be sure to take into consideration these useful tips mentioned above to know what to do when dealing with your own business debts. Simply keep your eye on your goals and be flexible to whatever changes that will come your way. Definitely, it won’t be that easy and simple at first, but you will understand all things and get used to it eventually.

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October 24, 2016, 6:04 pm

The importance of transparency in an advisor-client relationship in preparation for CRM2 

by: The Financial Blogger    Category: Investment, Market and Risk

 

Whether the upcoming effects of CRM2 are groundbreaking or an incremental change is of question. For advisors, the impact on the transparency of fees to clients will be very real. However, can the new rules deliver a win-win situation for all?
It is vitally important that advisors now get on board because more Canadians are expressing dissatisfaction and heading for the door. A recent survey from Accenture’s Global Consumer Pulse Research group confirmed that 49% of Canadian consumers have switched their investments to retail oriented companies in the past year due to poor customer service.

 

Remarkably, 80% said they could have been retained before switching. Since many clients are unaware of the fees they are paying , the new rules could be the catalyst to trigger wholesale defections

 

Combine this with the fact that competition is intensifying. Banks and stock brokers, who previously targeted clients with assets greater than $1 million to invest, are starting to look further down the ladder to increase revenue. Increased competition from robo-advisors also means that traditional investors are becoming more aware of the opportunities and advantages of digital investment services. This essentially allows advisors to support smaller accounts with a low maintenance service model.

 

To succeed in this new investment world, advisors will have to be better relationship managers and optimize their practice, likely using different tools and outsourcing models. Cookie-cutter solutions do not always provide the optimal results and clients with smaller accounts want to feel they are not just receiving a highly commoditized, pre-package offering.

 

Meanwhile, wealthier clients have access to other diversification alternatives, like hedge funds, and managed commodity funds. Advisors need to meet the needs of both and offer clients customized solutions, if they are willing to shift from a product-centric approach to a client-centric approach.

 

Technology has been a great equalizer allowing advisors to offer formerly complex and costly services to less wealthy clients. Advisors may become extinct if they do not integrate such online efficiencies. This includes optimizing tax efficiencies by holding portfolio assets in optimal asset locations, such as RRSPs, TFSAs and non-registered accounts, etc.

 

To compete, advisors will need to focus more on fostering relationships rather than on technical expertise, which can be outsourced to more specialized investment management firms. Practicing behavioral coaching can help clients avoid making costly mistakes during periods of volatility. Canadians need for sound financial advice has never been greater. Faced with longer life expectancies and volatile markets the need for prudent financial counsel is more imperative than ever. To enhance client relationships, advisors can also offer tax planning services or succession plan seminars.

 

With the upcoming changes, prosperous advisors will need to be highly versatile and focus their efforts on activities that have a greater probability of adding value to clients, such as holistic wealth management and financial planning advice. This approach, rather than a product push approach, is necessary to grow a practice, increase profitability and better service clients.

 

Chris Ambridge, is President of Transcend Private Client Corp. and President & CIO of Provisus Wealth Management. Chris has nearly 30 years of experience in the investment industry and works with independent financial advisors across the country.

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October 18, 2016, 11:28 am

Tips on Caring on Your Pet Following Surgery

by: The Financial Blogger    Category: Insurance

 

Many people view their pets as family member and not just an animal they have been entrusted to take care of. There will come times in your life with your pet that they need you more than ever like following a medical surgical procedure. Getting an insurance policy for your pet can help to reduce the out of pocket costs you have during this time. Be sure to visit Pet Insurance U for a breakdown of the pet insurance policies out there.  In some cases, the animal that you care for will need to undergo surgical procedures to correct defects or injuries. Following the medical procedures, you will have to take extra special care of your furry family member in order for them to recover properly. Here are a few tips on caring for your animal following surgery area.

Confinement is Key

One of the first things that you need to do when trying to help your pet recover from surgery is to confine them to one area until you see how things are going to go. Usually, the vet will give you dog medicine when the surgery is through to help with their pain and discomfort. You never know how your pet will react to the medicine, so it is best to confine them until you see how they are going to react.

Monitor Food and Drink Closely

Another very important thing that you need to do when trying to help your pet recover from surgery is to monitor that amount of food and water they consume. The last thing you want is for your pet not to get the nutrients that they need in this vital time. You need to make sure that you feed the most vitamin rich food that you can in order to make sure that they recover as quickly as possible. You need to make sure that your pet stays well hydrated during this time as well because this will help them feel better.

Carefully Handle Them

Yet another thin that you need to be careful of when trying to help your pet recover is the way you handle them. If you have to move them for any reason, then you need to be very careful in order to not injure them or hurt them in anyway. You need to speak with your vet to get an idea of how to handle them during the post op portion of their recovery. The more you know about the proper handling techniques, the easier it will be for you to ensure their health and well-being.

 

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