Creating a Diversified Portfolio

I see advertisements and news articles galore on robo-advisors popping up everywhere I look. Don’t get me wrong, I find these services to be much more cost efficient than the traditional financial advisors. Companies like Edward Jones still charge excessive investment and administrative fees so that they can cover their expensive overhead. Brick and mortar investment advisories have rent, utilities, and employees that they need to pay, and after all of that they still want to turn a decent profit. You, as the investor, are paying for that overhead. We as a society need to understand that creating a diversified portfolio with a risk tolerance comparable to your years until retirement, and that nothing more, or less, is needed.

First and foremost, a general rule of thumb is to limit your bond investing to your age less 10 points. So if you are 30 years of age, you should be 20% invested in bonds. The remainder of your portfolio should fall into equities! Now I am not saying you need to invest 80% into Apple stock, rather, you should diversify amongst a basket of equities.

Low cost mutual and index funds are usually the way to invest. Notice I said “low cost”. Index funds cover a wide variety of industries and stocks, some domestic, some international, and hopefully some that pay a healthy dividend as well. You want a high performing fund that takes as little off the top as possible. I generally try and stay within 0.5% for fund fees. Remember, those advisors charge you a fee on top of fees these individual funds charged, so chances are these are fees that you are already incurring that you may not even be aware of.

If you are looking for other investment options to further diversify your portfolio there are many. Binary options investing can a reliable fixed return investment to add to your burgeoning portfolio. Companies like Banc De Binary have a plethora of online resources for you to review and read up on. Consider that commodities are making a hot comeback as well. I know these types of investments are typically deemed to be stodgy and stale, but gold and silver are limited in quantity, and the limitation of a resource almost always makes it more valuable. We are even seeing silver rising in value at a faster rate than gold for the first time in a long awhile.

Forex trading is not as easy as it seems. There are many ups and downs in the Forex market and every trader has to be really smart in understanding these moves. Using sound strategies and the use of good tools for trading online are the two things which really help every trader to achieve success in the long run. Forex currency converter is one of the best Forex tools which is considered as the best friend of a disciplined Forex trader.

What is Forex currency converter?

A Forex currency converter is an online application or software which helps in converting one currency value into the equivalent value of another currency. For example you want to know how much will be the value of 20 US dollars in terms of Japanese Yen at the current market rate. The result can be obtained by using a Forex currency converter and you can similarly know the values of other currencies in terms of other currencies.

A Forex converter cab be of two types – one is downloadable software and other is web application. Both use feeds from the real time exchange rate and you get the updated market exchange rates for effective trading online experience. But the frequency of update is different in different Forex converters and some update it hourly while some do it daily. Most of the Forex currency converters show the currency values up to 4 decimal places.

How Forex converter is useful for trading online?

A Forex currency converter is the best friend of a Forex trader as it helps him know about the latest currency exchange rates when trading online with XTrade. Knowing the current market rates is very important for an active Forex trader and based on the present rates he can take a trade decision.

A Forex trader who is constantly traveling to different parts of the world can rely on an online Forex converter which can show the real currency prices and conversions whenever he needs it.  A live Forex currency converter can be of great help to a day trader who needs a converter constantly in order to make trades instantly when he feels the need to open a trade. A Forex trader cannot think of doing the Forex trading online business if there is no such currency converter assisting in knowing the currency rates as well as planning the strategy on the basis of that.

With the use of a currency converter a trader gets the overview of the current market trend and can decide his strategy further on the basis of the going trend of the currency market. Not only the traders but currency converter is used by travelers as well as businessmen who make a business in countries abroad.

Avoid Borrowing Money from Friends and Family

We all get into a bind from time to time, for one reason or another, it happens to the best of us.  How you get through it and come out on the other side not only matters to your financial future, but also the relationships around you.  Whether it is a large sum of money that you could not get a personal loan for, maybe family or friends are offering a lower interest rate (perhaps even no interest) that would save you plenty of money on interest that you could not get otherwise, or need a few dollars short term to get by until the next paycheck, avoid asking family or friends for the money, you will thank yourself in the long run.

When the conversation is initiated it is awkward for both parties.  First the person coming to ask for money has to disclose finances, which whether you are in good or bad financial shape is not smart to discuss with those around you, as it usually can make someone jealous or envious.  Second, the person in the position to lend money may feel obligated to help, so it puts them in a difficult position to say no and feel weird around them going forward, or say yes and begin the process of having this person be indebted to them.

If a sum of money is agreed upon it runs the odds of being open ended, as typically money lent to family and friends tend to have loose terms and have no interest, putting a borrower and lender in a state of where the lender is always nervous wondering when the money will be paid, and the borrower not knowing when to pay it back.  After a period it could come across that the loan is not a priority, making the lender then hove the difficult talk to ask for the money back, and therefore suddenly get-togethers are getting awkward for both parties.  Neither will want to talk about the money that was lent, or anything that costs money for that matter.

When you lend money to family and friends you are sort of enabling them instead of helping them working through their problems, even getting to the point where more money could be asked for.  Not only is the money not collecting interest for the lender, but it also reduces their money if ever needed for emergency.  If you decide that it is ok to lend money, make sure there are terms are agreed upon, but must also be aware that there is a possibility that the money could never be returned, therefore jeopardizing the relationship.

 

 

 

Is a Business Analyst Career Right For You?

How can you tell if the career you are about to pursue will be able to gratify your career desires and ambitions? Similarly to other careers, it’s important that before making up your mind to become a business analyst, you analyze a couple of factors. In general, these include what qualifications one has to have, if the job is satisfactory, if the salary is good, if the job gives way to other career opportunities as well as its competitiveness. To help you through, here’s a guide that will help you decide whether a business analyst career is really right for you:

1) Career opportunities:

Since business analysts are required to possess several skills, some of which are similar to those required in performing other business related tasks, a BA can always use these skills to their advantage to climb the corporate ladder. For instance, they can be promoted to take up a program/project manager or business architect position. This is never the case with other careers as many professionals get stuck doing the same job and holding the same job title till retirement.

2) Qualifications:

You don’t have to have first class honors and a master’s degree to become a business analyst. Instead, all that you need is a bachelor’s degree in any business related field. Though one is normally required to get in-house training before taking the job, or get certified by International Institute of Business Analysis, it’s nothing compared to what other individuals (aspiring business professionals like accountants) have to go through before being offered a job. In other words, business analysis careers have low barriers as they focus more on one’s expertise and experience rather than their academic performance.

3) Competitiveness and salary

Business analysis is a highly dynamic field that has been rapidly gaining prominence over the past few years. This is because companies are starting to realize and understand the value these professionals bring to the table. As such, careers in this field are very much in demand and so can receive a sizable income as a business analyst. This demand is bound to increase as lots of businesses/companies are continually striving towards making good investments that will help keep them ahead of their competitors.

What this means is that, business analysis is a field that is and will continue to remain in demand over the coming years. The best thing about it is, the demand (businesses in need of BAs) is high and the supply (qualified BAs) is low. This is why business analysts are among the top well-paid professionals in the business world.

4) Job satisfaction:

Though business analysis is a very demanding and challenging career (it utilizes a lot of skills such as time management, relationship management and problem solving skills), it’s also very satisfying and rewarding. And so, if you are the kind of a person that loves challenges, you will be more than comfortable in the business analyst field.

In essence, the only way through which you can know whether a business analyst career is right for you is by taking into consideration all these factors and, analyzing whether you are capable of coping with the many demands that comes with the job. If you’d like to learn more about this career field, check out www.businessanalystcareerhq.com.

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