how-to-get-your-offshore-bank-account-closed

How to Get Your Offshore Bank Account Closed

Writen by Gissela Martinez

It is one thing to have an offshore bank account in a tax haven country but is quite another thing to keep it open. Many do not know the ins and outs of offshore banking and wind up having their bank account closed for a variety of reasons which we will discuss so hopefully this never happens to you.

Money Laundering - This is one of the biggest reasons for offshore account closure. The FATF, Financial Action Task Force, sets forth rules and practices that all banks in any jurisdiction must adhere to. What a lot of people do not realize is that something called “Money In, Money Out” is considered to be money laundering. If one were to open a new bank account and then fund the account with a wire transfer for say $475,000 on a Tuesday and remove from the account say $450,000 on Thursday of the same week this would be looked at as money laundering. Now, if you have an account with the bank for a period of time, say six months or longer with no problems and you are let’s say selling a house and buying another one the same week and so notify the bank they will probably allow the transaction to go through without requiring documentation. This of course assumes you notify them before any of this money has been sent. If you are a brand new account and this is how you are going to be opening up your relationship with the bank, you should plan on the outgoing not being sent and the bank account closed.

Will the bank close the account and lock up the funds? Most unlikely, it is easier for them to just refuse or return the incoming wire, not send the outgoing wire and then shut the account or give you a bank check for any funds. Locking up your account is a much more serious matter and requires more than just a money in money out transaction. What such a person should have done is notified the bank about the incoming wire offering any documentation they needed before the wire was sent. Next after the money has been received you should withdraw the funds in small amounts slowly with wires going out of maybe $65,000 a week for several weeks until you reached your amount. If there is not more money coming into the account this is of course going to cause more suspicion than if the account was to receive even modest amounts of money each week.

Let’s look at what a criminal seeks to do so we can better understand how the banks look at transactions. Let’s say you were a fraud operator selling non-existent company stock. You got a sucker who is buying $350,000 worth of your worthless stock. He is sending your bank account the funds. You want to receive those funds and get them out of the receiving bank as fast as you in case your victim suddenly gets smart and calls the authorities who may try to get the bank to hold the funds. Whether or not any such hold would happen depends on the jurisdiction. In Panama such a hold would be extremely difficult and would probably take months. In other countries offshore or not the bank may cooperate since the bank secrecy laws are extremely weak in many so called offshore jurisdictions. Well the fraud artist is not going to take any chances he wants that money to be received and then go right out the door to another bank in another country in another corporate name. So if the authorities were chasing the funds going to a second country this would require lots of time and being able to keep the trail intact would become much more difficult. Of course the fraud artist will want to move the money out of the second bank as fast as he can and then into a third bank in yet another country with yet another corporate identity.

Eventually, when the thief feels it is safe he will have the money converted into cash, usually by showing up and making a cash withdraw. Another option would be to purchase securities and have possession of the physical securities. Sometimes the thief may use cash to buy precious stones, rare coins, jewelry, art etc. which can be moved over borders without the necessity of declaring it and they would have to declare negotiable instruments. They could even attempt to take the money out of atm machines in cash over time. The thieves are often good at this and the banks know it and are trained to detect such activity. The problem is the filters used to catch such criminals often cause difficulties for regular people just trying to conduct routine banking transactions without causing any harm to anyone. Of course one could argue that the system is currently broken in this regards but inspite of this we must all learn to work within the guidelines.

The point of this article is to show you how the bank looks at such transaction so you can avoid such practices thus preserving your relationship with the bank.

Wire transfers to and from hi-risk or blacklisted countries is another way to have your account closed. Some of these countries are the ones where there is a lot of terrorism, war or the source of a lot of fraud like Nigeria. The list is not static and can change frequently.

Accepting checks that are going to come back saying insufficient funds or account closed is another great way to have your account closed.

Having wires returned for any reason numerous times will also get an account closed.

Try to get to know your account manager or branch manager at the bank. Always inform them of any substantial transactions before they occur and be prepared to offer the bank any requested documentation. Never lie to the bank about anything and make sure the bank can reach you quickly and easily so if there are questions they can be answered quickly.

Generally a surprisingly small amount of people ever have any problems with their offshore bank, follow these tips and you should never be in the small minority of people who have issues with their bank.

For more information go to: http://www.panamalaw.org

Benefits Of Health Supplements

Benefits Of Health Supplements

In recent times, there has been a significant growth

in people’s health concuss ness. People in modern days are not solely

dependent on their doctors. They are also taking measures of their own

as far as improvement of their health is concerned. Vitamins are very

important health supplements. It can be beneficial for many of you.

There are many people in this world who lacking the adequate amount

of one or more than one types of vitamins. Most of the people at some

point of their life need additional health supplement. For instance

women who carry baby, a growing child, the senior citizen or an ill

person. Few of the vegetarians, smokers, heavy drinkers, and people

with immune deficiency disorder also fall in the same category.

Quality of storage is also important as far as vitamins are concerned.

You can loose a substantial amount of these in case you store them in

unfavorable condition. In this regard cooking methods and preparation

of food also plays a vital role. In today’s busy life it is possible

that you skip one or two meals during a day. Whenever you compensate

it with some sort of snacks you must be attentive so as to balance your

intake vitamin. You need to consult a professional all the time so as

to know whether you require a change in your life style or you require

some specific health supplements in order to improve your health condition.

For example it is better to have cod liver oil as supplements of vitamin

D. you may have folic acid in the first three months of carrying a baby.

There are some types of vitamins which you can not get from normal food

in adequate quantity. In that case you need supplements. Every individual

should take a balanced diet to fulfill his nutritious need. In this

regard he must avoid the intake of foods containing too much of fat

or sugar for that matter. It is better if you always keep it in back

of your mind that the supplements are only to bridge the gap. You first

try to fulfill your requirements through normal diet. In case you can

not do it then go for the supplements.

Articleboom

[tags]Benefits, creatine,Health, Supplements,Best, Weight, Loss, Supplements,Pre, Phase, Body, Building[/tags]

women-and-your-finances

Women and Your Finances

Writen by Stuart Simpson

Your finances don’t have to be a problem and you don’t need to be complacent and let your husband do all the finances. You have to know what’s going on for your own self-preservation. Money is a subject too easily walked around. It’s one of the top two problems in today’s marriages. You need to know about your money and finances and even your credit score.

Money is sometimes avoided in hopes that you will find a rich, nice guy, a dream job, an unknown rich relative leaves you a bunch of money or you win a lottery. It’s not going to happen. You have to sit down and examine where you are going with your money. Statistics show women born between 1946 and 1964 that have failed to save for retirement will have to work until they are 74. Who will keep you hired until you are 74? Will social security still be in place?

So maybe you did marry Mr. Right, but what if Mr. Right turns into Mr. Wrong but before you find about his subsequent name change, he financially ruins you. My friend Judy got divorced with nothing, not even a credit score. She might as well have been 18 years old again starting over. Her husband even took the shoes off her feet and made her leave. He makes $80,000 a year, she makes $6 an hour and he’s suing her for child support. Her life was once picture perfect and she was all taken care of - or she thought. Now she lives on the brink of eviction. She didn’t have money to contest the divorce, so he got everything - including his 401k.

Is your 401k starving? Most women have less than $10,000 in theirs. Maybe that’s why 87% of the impoverished elderly are women. Most women say they can’t afford to put any more into their 401k. Here’s the trick. Always contribute to get your employer’s 100% match. If they match up to 6%, then you have to get to 6% as soon as possible. The longer you wait, the more free money you are giving away. Then, each year, you need to up your contribution at least 1%. More if you are older. You will adjust to your net pay very quickly and never know the money is gone. Hard to believe, I know.

What to do? Keep your eye on the bottom line. Take baby steps to get there so you don’t get overwhelmed, but keep abreast at least once a year where you are heading financially or face the consequences of trying to live on the dwindling social security benefits. Watch the family budget and total money spent. Review your money with your husband at least once a year. It’s not a trust thing, just as a curiosity. Make sure your name is on some loans so you will have credit, but if they are on the loans, make sure they are paid. You can keep your financial security intact no matter what your future holds.

the-principality-of-liechtenstein-and-bank-privacy

The Principality of Liechtenstein and Bank Privacy

Writen by Michael Russell

The Principality of Liechtenstein is a tiny country locked in between Austria and Switzerland; it has just 33,500 residents and ranks as one of the world’s smallest countries. But it’s also rich and has been ruled by the same aristocratic family for centuries, making it one of the world’s most politically stable nations.

Not long ago, a popular saying in German-speaking Europe was, “In Switzerland, the bankers don’t talk. In Liechtenstein, they don’t have tongues”. But all that’s changed. After reports by Interpol that traces of practically every white-collar crime committed in Europe led to Liechtenstein, the OECD’s Financial Action Task Force put this tiny country on its money laundering “blacklist” in 2000. Swift and painful changes followed. Declaring that “Liechtenstein faces the biggest domestic and foreign political crisis since World War II”, Liechtenstein’s ruling prince spearheaded sweeping financial reforms that gave the government much greater powers to investigate suspect financial transactions, confiscate laundered assets and cooperate with authorities in other countries in investigations of serious crimes.

While Liechtenstein retains a culture of privacy and bank secrecy laws remain on the books, it now has the same know-your-customer rules that are in effect almost everywhere else in the world. However, Liechtenstein still does not cooperate in foreign tax investigations. Any foreign tax official inquiring about an account in Liechtenstein is politely shown the door.

Until the new laws took effect, it was possible to hire a lawyer to form a Liechtenstein company or trust and then operate a bank account for that entity without the bank ever knowing the identity of the owner. The lawyer was bound by law never to reveal his clients’ identity. It was the ultimate tool for anyone wanting true anonymity. Liechtenstein was the last place in Europe to offer such a service and it attracted many billions of dollars as a result. With a near-monopoly for such dealings, Liechtenstein banks had an easy life. So easy that they even had the guts to charge customers a percentage for cash deposits.just think of a shop asking you for a percentage of what’s in your wallet before you are allowed to buy something! Life couldn’t have been more profitable.

Even better, until the early 1990s, there wasn’t any competition. Only three banks existed in Liechtenstein. They shared business among themselves, the locals got well-paid jobs and no one had to work particularly hard. Foreign banks finally pressured Liechtenstein into letting them set up shop, but even today there are only 16 banks active in the country.

Given this state of affairs, when the laws changed in 2000, a huge crisis resulted for Liechtenstein’s banks. Many trusts and companies wound up their anonymous accounts rather than identify their beneficiaries. Some banks lost as much as 20% of their clients. The influx of money slowed and, simultaneously, the dot-com boom ended, taking equity markets down with it and cutting deeply into the banks’ commissions and custody fees. It seemed that the world had conspired against Liechtenstein banks, with everything going wrong at once.

But in retrospect, the tough times did Liechtenstein a lot of good. The new laws forced the banks to stop being fat and lazy. They were forced to cut costs and fees to provide competitive services. They also learned a lesson about focusing on a single market - asset management - and how to market their services effectively. In short, Liechtenstein banks re-launched themselves as a safe and clean place for stashing away funds.

One of Liechtenstein’s three original banks is the Verwaltungs und Privatbank. Most of VPB’s voting shares are controlled by a trust set up by Liechtenstein’s ruling family, headed by Prince Alois. VPB offers the entire spectrum of banking services, but the focus lays on asset management and related services for wealthy clients. Of Liechtenstein’s fat and lazy banks, VPB was one of the fattest and laziest. But financial realities forced it to change. Profits dropped more than 80% between 2000 and 2002, due to shady but profitable clients closing their accounts, falling stock markets and high costs. VPB’s share price got hit too, falling from its all-time high of CHF380 in 2000 to a low of CHF117 in 2003. In Vaduz - the only city in Liechtenstein - the official currency is the Swiss franc (CHF).

But during this time, VPB laid the groundwork for a fresh start, cutting costs and, for the first time, actively marketing its services. These changes are now bearing fruit. VPB’s attraction is safety. A growing number of foreign investors are anxious to stash money in a safe haven where it will neither be taxed nor confiscated. In other words, a place like Liechtenstein, where the public finances are so sound that personal income tax was abolished because there wasn’t anything to spend the money on. Individual freedom and privacy is sacrosanct and there’s no history of government confiscation for legitimate funds.

cash-advances-in-commerce

Cash Advances In Commerce

Writen by Kenneth Snodin

There are many kinds of cash advances available in the marketplace. These advances are designed to allow individuals to pay their bills until they receive a paycheck. Payday loans are readily available, as are business loans and other loans, which impose a fee. Many people take advantage of these loans, including restaurant owners. Businesses must be able to take in at least $2000 per month, and a credit vendor must accept the money. This means that credit card receipts must be produced before a loan is considered. Business owners can apply for business cash loans if they have receivables from credit card purchases. If the business is not going well, it may still qualify for a loan, and some lenders will offer as much as $100,000.

One of the major drawbacks for some businesses is the need to transfer cash from one bank account to another. Delays may occur during this process, which results in banking overdraft charges. A bank overdraft can cost more than the fees imposed on payday loans, although business payday loans are different than the common cash advance.

Taking a business loan through banking institutions can be difficult, so some businesses prefer to take out cash advance loans. With these loans, cash is delivered quickly if borrowers meet the lender’s qualifications. Business fast cash loans are optional loans that are typically considered in cases of emergency. These loans are available for making renovations, marketing, expanding, and paying inventory costs as well. Businesses can take payday loans to remodel, expand their business, or to pay marketing expenses.

Repayment agreements on advance cash loans for businesses vary from lender to lender. Once the parties agree to a loan, a percentage of the receipts generated from credit cards will be deducted periodically. When the balance of the receipts reaches zero on the loan, the lender stops debiting the payments electronically, giving business owners the option of making payments on another loan.

In contrast to regular payday loans, commerce loans require as many as ten days for approval. They don’t include any fixed repayment measures and have no fixed payment arrangements. The loan processing is computerized, so once the loan application is accepted, the business owner can take the commission. Commissions are based on fixed percentages.

Some business lenders will offer to take a percentage of the receipts generated from credit cards, while others will offer fast acceptance of applications, no fixed repayment amounts, guarantees on hard assets, and as much as $250,000 toward the business that is owned.

Good applicants for cash business loans are hotel proprietors, bar owners, and restaurant owners, but almost any type of business that has the capacity to take credit card payments may apply for a business loan. Business owners that are considering taking out a loan should review all contracts, fees, and agreements before signing on with any lender.

getting-cash-for-annuity-payments-offers-quick-access-to-funds

Getting Cash for Annuity Payments Offers Quick Access to Funds

Writen by David Springer

Annuities, undoubtedly, are an excellent vehicle for providing steady, long-term income for retirement or other purposes. Unfortunately, they lock you into an inflexible payment schedule that may not fit your immediate financial needs.

Getting a lump-sum of cash for some or all of your annuity payments, however, can provide an ideal solution to your cash flow problems. There are many reasons why you might need to obtain cash for your annuity payments. Perhaps a recent divorce or death in the family has put a strain on your finances. Or maybe you’re facing a large expense such as a home purchase, wedding or college tuition.

Whatever the reason, getting cash for your annuity payments can give you instant access to money that is rightfully yours. It can also provide a hedge against inflation, since the value of these periodic payments will be worth much less in the future. You can cash in annuities established for a variety of purposes, such as insurance, structured settlements from personal injury agreements, lottery/contest winnings, royalty payments and trust funds.

When you opt to get cash for annuity payments, you essentially sell the rights to receive these periodic payouts to a third party. Generally, companies will allow you to obtain cash for annuity payments if the payments are guaranteed to be made whether or not you are alive. As another stipulation, the annuity must allow for assignment of the payments and/or a change in the ownership of the annuity.

Many people are under the impression that it is illegal to receive cash for annuity payments without court authorization. However, payments not associated with a settlement do not require such approval to be purchased by a third party. That means you have an unrestricted right to transfer your annuity payout to another individual or company.

Understanding How Annuities Work Derived from the Latin word for “year”, an annuity is simply a sum of money payable annually or at other regular intervals. In the context of life insurance, an annuity is a contract between you and an insurance company under which the insurance company pays you money for a stipulated period-often for life.

Here’s how they work: The purchaser agrees to pay premiums to the insurance company, in exchange for which the company agrees to make payments at a later time for a specified period. The time during which the premiums are paid is called the “accumulation period”. The premium can be paid in one lump sum or in installments over the course of many years. The person receiving the benefit payments, the annuitant, is usually (though not always) the owner of the annuity.

After the accumulation period ends, the company begins distributing funds either in one lump sum or installments paid out usually on a monthly basis. A common payout option involves a life annuity making payments of regular income for as long as the annuitant lives.

Annuities fall into two main categories: fixed and variable. With traditional fixed annuities, the insurance company invests the premium in its general account. Whatever payout option is selected, the interest gains and payment amounts are guaranteed by the insurance company, which assumes the risk of investing the general account.

With variable annuities, however, the premiums buy units in your choice of separate accounts, which then invest in stocks, bonds, and money market funds. The payout will depend on the performance of the underlying securities in the separate accounts in which the premium is invested. Unlike fixed annuities, the value of the account is not guaranteedannuitants assume the risk involved in investing their premiums in exchange for potentially higher returns.

Fixed and variable annuities are staple items in the investment portfolios of many pension holders. In fact, under government rules, individuals with a personal pension can take up to 25 percent of the value of their funds as a tax-free lump sum when they retire. The remaining 75 percent must be used to provide an income for life through a capital investment such as an annuity.

What to Consider When Getting Cash for Annuity Payments Regardless of the type of annuity you own, there are a variety of brokers and investment firms willing to give you quick cash for your annuity payments. To make your annuity payments attractive to purchasers, they must be sold at a lower price than the total amount owed to you. Generally, you must give at least an interest discount equivalent to bank rates. And many companies require even higher discounts to cover their total risk, costs and profit margin.

Before you elect to obtain cash for your annuity payments, carefully weigh your future return and risks against your immediate financial needs. Better yet, consult with a reputable financial expert such as a financial asset manager or planner about your specific situation. Your financial advisor can conduct a professional evaluation of your obligations, income, assets and risk threshold, and then provide you with the best options to meet your needs.

Receiving cash for your annuity payments can be a practical solution to meeting your immediate cash flow needs.

business-banking-basics

Business Banking Basics

Writen by Peter Kenny

One of the most important features of large and small business is to have good business banking. Good business banking will allow the money within your company to flow, and will greatly save you time and money. If you are a small business owner and are unsure about where to begin with business banking, then here are some basic tips to get you started:

Finding a bank

Before you can begin business banking you need to find the right bank for your needs. Unless they have the best deal, it is usually inadvisable to use your current bank for your business needs. This is because it is a good idea to keep your business and personal affairs separate, and means that one bank isn’t in control of all your money. Secondly, new banking customers often get better deals because of the banks being so eager to attract new business. Whatever bank you use, it pays to shop around to find the best products for your needs.

Opening an account

Once you have chosen a bank you need to open an account for your business. This is probably the most important step, and there are a number of things you need to do before you can open an account. Firstly, prepare a business plan to present to the bank to show them where your business is headed. Also, if you are a new company then you will probably need to get proof of your initial financial backing. Your personal credit history and the history of any business partners will also be checked. Once these checks are complete then you will be able to open an account.

Features and rates

The features and rates you will receive will partially depend on the size of your business, as well as the results of your credit checks and the evaluation of your business plan. You are best off starting with a simple account, where you can withdraw money and pay in earnings. Once your business increases then you can add features, such as a high interest savings account, as you go along.

Limited companies

If you are starting a limited company, then you are required by law to open a business account. If you are a sole trader then it is not compulsory, but having an account that bears both your name and a business name is a good idea. This can give your business a more professional look when asking for payment from a client. For example, having cheques made out to John Smith T/A (Trading As) John Smith Services’ is more professional than simply having money paid into your personal account. Whether your business is one person or a large company, having business banking will help you.

Online banking

Online banking is one of best ways to conduct your business banking. If you are looking for a business account, then you should consider one that has online features. This will make basic banking a lot quicker and save you having to travel to your branch every time you need to pay money in or transfer funds.

affirming-money

Affirming Money

Writen by Skye Thomas

Creating abundance is probably the hottest topic across the internet. Whether you’re looking to start a business from your home computer or trying to payoff your mortgage in time to retire with comfort, everyone seems interested in how to get more money. There are personal growth and spiritual growth lessons involved in creating wealth that have been oversimplified. Most people have issues around money that cause them to block themselves from actually creating a life of wealth and abundance. A major piece of changing one’s self talk is in stating positive affirmations. However, without hard work and a bit of old fashioned elbow grease, affirmations are worthless.

First off, let’s look at why we even need affirmations. Many of us were taught that money is the root of all evil. The real quote should read, “The love of money is the root of all evil.” Yes, greed is the real topic, not the amount of money in one’s bank account. For whatever reason the lesson about greed has been taught all wrong and people think that money in and of itself is evil. Money is simply a means for barter, a trade system. I’ll trade you a chicken for a new dress. We agree to swap paper money or coins that create the equivalent of the trade so as not to have to haul chickens and dresses around with us. Money is just a means of creating trades. It’s also a way to save up for later. I’ll give you a chicken today, but I want apples when you harvest them from your trees this fall. Money can be accumulated towards a larger deal. I’ve worked all year making shoes for the entire village so that they’ll all come help me build my new house this summer. Saying that money is the root of all evil is like saying that trading goods and services is evil. Trading is trading, it’s cooperation in a numeric format. Nothing more nothing less.

Another concept that many of us have to unlearn is the idea that it’s really difficult to earn a living or it’s really hard to amass any kind of wealth. Personally, I hear my father telling me throughout my childhood that “Things are a lot harder when you get out into the real world.” Truth be known, nothing in my life has been as difficult as my childhood was. For the first fifteen years after I left my dad’s home, I had to work really hard at making every penny because that’s what I thought was the grown up way of doing it. I have a friend who was raised on the exact opposite mindset. He was encouraged as a child that he was completely capable of making money with or without any fancy college degrees and such. The result is that he’s always had money and it flows in and out of his hands pretty freely. He even built a business from the ground up on his first try because it never dawned on him that he was supposed to fail and struggle.

Our belief systems around money definitely matter. What we think about ourselves and money is more powerful than many people realize. Most kids raised in wealthy families are not only taught how to make money, but also there’s an underlying belief that they’ll naturally carry on the family tradition. Most kids raised in poverty are taught nothing whatsoever about how to amass wealth and are conditioned to believe that they’ll never be rich anyway. Those are the extremes. Most of us are somewhere in the middle and so is our perceived earning potential.

Take some time and seriously dig through your thoughts about money. What were you taught? What was role modeled to you? Facing your self-limiting thoughts will help you to stop letting them run your life. You will have to work overtime guarding your every thought as you proceed down the trail towards a life of abundance. A big piece of that will involve stating affirmations. It is a method of changing the computer program running in your brain. Let’s say that your original software was designed to believe that there isn’t enough wealth to go around and therefore it’s going to be next to impossible for you to get your hands on any of it. You want to upgrade to a newer program that helps you to manifest more money in your life. Unfortunately, the human brain doesn’t allow a program to be erased once it’s put in place. So, you’re going to have to put an overriding program overtop of the original flawed program. Every time the old program starts babbling about scarcity and the lack of money to be found, you have to immediately tell your brain to stop and play the new program that believes that there is more than enough to go around. You do that by telling yourself positive affirmations. Force your mind to really see tangible proof that there is enough money in the world for you to live the life that you dream of.

Affirmations are amazing and powerful, but all by themselves, they aren’t going to do you a bit of good. Very few self-made millionaires did it be sitting in the lotus position stating to the cosmos that their bank account was magically growing all by itself. You still have to get up and do something. Sell something. Give away a service. Teach something. Make people feel something. Build something. Yes, you ought to pick something that you love doing because it’ll be easier to become really good at it. Nobody wants to be an expert in a topic that bores them to death. It’s kind of like that story of the little engine trying to drag itself up over the hill, “I think I can. I think I can. I think I can.” At the same time, he was working harder then he ever had in his entire life. Do that.

Copyright 2006, Skye Thomas, Tomorrow’s Edge

tips-for-financial-planning

Tips for Financial Planning

Writen by Jay Moncliff

The following tips will help get you in gear to start your financial planning. Once you have made financial planning part of your routine, it won’t seem so difficult. But getting your financial planning started can be the most difficult thing. These tips will help motivate you to make financial planning one of your main goals.

Financial Planning Tip #1 Pay off Debt

One of the biggest factors fighting against financial planning is debt, especially credit card debt. If something starts off as a small debt it turns into a big one simply because you were not paying off the debt. Financial planning means you have a plan and paying off debt should be the first goal of your plan.

Financial Planning Tip #2 Invest

Another financial planning tip is to invest. Financial planning means you are saving for the future in many cases, so you will want to take money you earn today and invest in the stock market, in bonds, IRAs, 4019k) or a mixture of all of the above. Saving your money with the help of financial planning will help money grow all on its own.

Financial Planning Tip #3 Spend Less than You Earn

This is tough for people to understand and often times what they resist most when they begin financial planning. This is because Americans always want what is bigger and better. Regardless, financial planning is more important than consumerism. Make spending less than you earn part of your financial planning.

Financial Planning Tip #4 Budget

A great financial planning tip is budgeting. You won’t be able to save unless you know what you spend. Make budgeting part of your financial planning and you will realize saving is not so hard.

changing-the-fate-of-retail-investors

Changing The Fate Of Retail Investors!

Writen by Virendra Agarwal

India faces a huge gap between demand and supply of high quality talent in the financial market. With Indian GPD growing at 8-9% and financial markets on a boom, BLB group see this as a golden opportunity to impart real-time training to educate the 1.1 billion population, involve their greater participation in and enhance their profitability from the financial markets.

Sensex has become a barometer of country’s performance and there is no escape from the Capital Markets. Sensex and Nifty indices reflects company performance immediately through their stock prices. Market efficiency has been improving and now is the time for people to learn safe investment techniques so that even the common man can take advantage of highly lucrative returns that the Indian markets have to offer today. But, this calls for sound theoretical and practical knowledge. A country, where only 5% of savings go into the Capital Markets for investment definitely needs much greater participation from the investor and trader’s community. This percentage is insignificant compared to similar percentage for US of 60% !!

Our markets run up and down on FII calls mainly with very little domestic participation from retail investors. This happens because retail investors our not educated properly about the risk and returns of the Indian Capital Markets. These people usually end up buying and selling at the wrong time and end up losing money, while FIIs and other sophisticated investors make a killing!! Why can’t retail investor’s do the same? The answer lies in information asymmetry where retail people buy mostly on rumors and without any proper financial research or practical knowledge of how to avoid unnecessary risks in investment.

This calls for creating Institutions in the country where people can learn basic dynamics of the market essential to know if one wants to make money here. India does not have such institutes but badly needs it. Recently, BLB group, a known investment-trading-research corporate house has launched its Institute of Financial Markets called BIFM.

BIFM is empowered with market specialists and eminent faculty to teach about financial markets, giving its students cutting-edge trading skills and preparing them to be intelligent investors and traders. It has a presence in Delhi, Mumbai and Kolkata and provides real-time trading knowledge. Their “Learn-by-doing” approach emphasizes on practical training, making the courses unique in their content and approach. It involves training through sophisticated simulated and live trading software developed in-house by BLB team.

BIFM specializes in training programs for gaining expertise in the

Stock Market Market
Derivative Market
Commodity Markets
Equity Investment and Portfolio Analysis

Through such practical and job-oriented courses, one can seriously study and better understand the financial markets. Retail investors must go for such practical courses for developing sound investing and trading skills.

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