Danger Ahead - Internet Information Overload!

Danger Ahead - Internet Information Overload!

I recently woke up one morning and found that my little finger on my right hand had 'gone to sleep'. Obviously, I must have slept in an awkward position I thought to myself.

No doubt you've found that this has happened to you. Just a few minutes later and all is well as the blood gets going.

Well, this time a good hour later it still felt strange, akin to pins and needles with a certain numbness.

I still managed to play real tennis, but a few days later decided to be sensible and made an appointment to see my GP.

Before popping along I had the bright idea of looking up my symptoms on the internet.

I really wished I hadn't!

Amongst the results that flashed up were:

  • Carpal tunnel syndrome
  • Rheumatoid arthritis

I didn't like the sound of either of these and with some trepidation went to my appointment. Of course, as often happens by the time you get to see the doctor (in this case about 4 days) the weird feeling had almost gone.

My GP examined the finger and hand and asked me to grip his hand and push against it. He told me that he thought it was simply tendinitis.

So he thought that it was not serious, and that the condition can come and go with no known cause, although it can be associated with repetitive movements or exercise. I was to get back to him if it returned.

It hasn't!

Whilst chatting to my GP that I had 'Googled' my symptoms before coming to see him, he mentioned that this was now a very common occurrence. Some patients came armed with many printouts that they would present to him and expect that he would then confirm their self-diagnosis.

A few have become totally convinced of their findings, even to the point of being sure they had a rare condition and needed immediate help!

This occurrence has a knock on effect on his day as he needs to spend more time with people like this than is really needed, limiting time for patients who really need his help.

Walking back to the car, it occurred to me that this situation was occasionally also true with financial advice and planning.

Many times I have been talking to a doctor or dentist client who has lots of information on a subject that concerns them, but are lost with the complexity and possible options, not to mention the many articles that totally contradict with each other!

"Getting information off the Internet is like taking a drink from a fire hydrant." Mitch Kapor

What does strike me is that when we agree to work with a new client, you then get to see what actions have been (or have not been) taken.

Examples of inaction that spring to mind are:

  • No Wills or Lasting Power of Attorney
  • Lack of or paying too much for life, accident and illness protection
  • Not having life policies in trust, where appropriate
  • Keeping a poor value, inflexible mortgage
  • Potential inheritance tax problems that could amount to many hundreds of thousands of pounds for their children to pay
  • Not applied for protection against the pension Lifetime Allowance changes resulting in lost tax savings
  • Took an annuity on their pension that did not take into account health issues and so had a lower pension than they could have obtained
  • Kept poor value and tax inefficient investments
  • Living in 'paper chaos' as not organised
  • No planning or overall investment strategy
  • Not having thought through their goals in life

Then, of course, there are new clients who have taken action and sometimes we find that they:

  • Have too many protection policies, and so are wasting money
  • Are investing into additional pension plans which are not required and are therefore causing problems with the new Lifetime Allowance rules likely to result in higher tax bills
  • Have investments but get worried when the market falls and sell. Then when the market picks up they buy again. This sell low and buy high destroys wealth
  • Have used many different financial advisers over the years have been sold products that are 'flavour of the month/year'
  • Are taking too much risk with their investments

These clients are of course acting as many humans do.

Ranging from complacency or 'I will get round to it one day' to 'I have researched this on the net/talked to a colleague and know what to do'.

This may well work at times!

However, it could be a big mistake with costly consequences with a subject as important as Retirement Planning.

"If you think hiring professionals is expensive, try hiring amateurs" - Unknown

When we complete a new client's strategy and action plan, we ask for feedback. Amongst the most common comments are:

Peace of Mind

They now feel in control, and can see clearly where they are and where they are going with their own personalised plan, confident they won't outlive their money.

Organised

Everything is now tidied up ranging from sorting Wills to minimising paperwork.

Time Saving

Many of our clients are time poor with busy lives. They tell us that it's a relief that we deal with most things for them.

Trust

They now have someone who they can really trust and can have a relationship with over the years to come who emphasises with and understands their position and is a specialist planner for doctors and dentists.

So as much as the internet can be a boon, remember:

"Warning: the Internet may contain traces of nuts." - Author Unknown

Key Considerations

Clearly, search engines are fantastic to have at your fingertips and being free and fast (usually), they are an integral part of our lives.

However, beware being totally reliant on them when it comes to your all important Retirement Planning.

Action Point

If you have never discussed your financial arrangements with a financial planner before, we would certainly recommend that you at least consider contacting one so you can decide if such a service would be right for you.

Usually the cost of a telephone discussion of, say half an hour, is absorbed by the adviser.

If you talk about what is important to you and what you have done so far to help matters, then you can judge for yourself if the planner is adding any value.

Over to you!

The "Real" History of Real Estate

The "Real" History of Real Estate

10 Things You May Not Know About the Roof Over Your Head

Ever pondered the history of real estate and home ownership? Over the course of human history, there have been a lot of changes in our ideas about the places where we lay our heads. A few of the highlights of real estate history:

  1. All humans were nomads until somewhere between 30,000 and 15,000 BCE. What changed us? Agriculture. By having plants and livestock grow in a predictable, stable place, we were able to settle down and set roots.
  2. During the next phase, most of the people of the world were renters. A leader, whether a tribal leader, a pharaoh or the head of a feudal family, owned the land and everyone else who lived on it paid for the privilege with a share of their harvest. This would last, for most, until the end of the age of the monarchs.
  3. The rise of the merchant class during the Renaissance brought with it the idea that people had a right to own the property they lived on.
  4. In the Colonial Era in America, Spain, France and England all laid claim to portions of North America. Deeds known as Land Warrants that entitled settlers to land here were distributed by land offices. Many were rewarded for military service with a plot of land under an arrangement known as a Bounty Land Warrant.
  5. There are historians who argue that when Thomas Jefferson wrote the line in the US Constitution about "the pursuit of happiness," a key concern of that happiness was the right to own property.
  6. Homeownership became the cornerstone of the "American Dream" in the 50 years after the Civil War. As people left farms to seek their fortunes in the city, people saw owning homes as an increasingly important part in securing prosperity.
  7. Franklin D. Roosevelt was a strong proponent of homeownership and many programs to help more people buy homes came to be under his leadership. He is quoted as saying "A nation of homeowners is unconquerable."
  8. Today, roughly two-thirds of all Americans own their homes. The numbers are higher in out in the country where nearly three-quarters of people own the homes they live in and much lower in urban areas where property is more expensive.
  9. The desire to own homes is not universal. In Germany, despite the high per capita income, only 40% of people are homeowners. It's not always to your benefit to own, either. Many analysts, for instance, say that someone is better off renting in a place like San Francisco than they are owning a home.
  10. In the US, homeownership is correlated with a lot of benefits for the community. In places where there are high proportions of owner-occupied houses, children do better in school, property is better maintained and crime rates are lower. Owning a home is even correlated with better levels of health.

When you buy a home, you become part of a rich movement with a long history. Begin the work to repair your credit to regain access to this part of your American birthright.

10 Great Stock Market Trading Rules to Use

10 Great Stock Market Trading Rules to Use

You should be careful when finding stocks on the market. You have to use a number of stock market trading rules if you want to improve your chances of making money. You might end up being more likely to lose that money if you don't follow your rules.

Here are ten of the best stock market trading rules that you need to follow. These should always be read before you start your trading day and again when it ends.

1. Always follow your rules.

Some people think that they can break their rules once in a while just to change things. You have to be disciplined enough to stay within the boundaries of your rules.

2. Don't use three percent or more of your portfolio value on one trade.

You should keep from spending more money on your trades than what you really have to. Keeping your total portfolio protected is a real necessity.

3. Always cut your losses between 5 to 15% whenever you make the wrong decision.

You have to create set to stop loss limits on your stocks so you can keep from losing more money than necessary. You need to protect your money from further losses.

4. Don't use price targets.

You have to let any profits that you might experience move forward naturally. A good idea will be to give back some profits in order to get larger profits later on after a while. Remember, you are more likely to get more money if you focus on the biggest moves that might come once in a while.

5. Focus on just one style.

Using one simple trading style is the right thing to do. You can't just use multiple styles or you will lose track of what you want to do.

6. Concentrate on price and volume factors.

You should listen more to how the prices and volumes of stocks might change after a while. This includes taking a look at how these values might adjust what you get out of such a stock. Don't pay attention to outside opinions that relate to whatever you want to trade or what you currently do trade for that matter.

7. Take any entry signals that are worth your time.

You should always take in the entry signals that you have set up. You shouldn't ignore them no matter what you might think about them.

8. Don't stick to intra-day information for your trades.

Your intra-day data should be analyzed carefully when finding information relating to a stock. The fact is that stock prices can change within a single day. You can't just use intra-day information to see if a stock is worthwhile for weeks or months.

9. Don't be afraid to stop after a while.

You have to take breaks once in a while everyday. You will stress yourself out if you don't do this.

10. Try and be above average.

The final rule is to avoid trying to be the world's greatest trader. You just have to focus on being above average. You should think about how you follow your methods and the other rules instead of trying to be extraordinary among all the other traders out there.

Eliminate Risk When Finding a Tenant With a Tenant Background Check

Eliminate Risk When Finding a Tenant With a Tenant Background Check

A landlord that purchases a property with the intention of renting it out in order to pay the mortgage or bring in an additional income, has a number of choices available to them on finding the right person to rent their property out to.

Firstly the landlord can choose to approach an agency. Agencies take a small percentage of the rental amount and handle the entire process, from finding a suitable person to rent to through advertising and their list of potential customers to collecting the rent and handling any maintenance issues.

Approaching an agency is ideal for anyone who doesn't live in the same state or that has their own work commitments and doesn't have the time to phone plumbers, electricians and collect rental amounts. Using an agency also means that the risk is reduced. Agencies follow strict guidelines when choosing a potential person, which includes a thorough tenant background check.

Some landlords prefer to handle the entire process on their own. This gives them more money on a monthly basis, because they have removed the agency from the rental process. At the same time, this offers a higher level of risk because a landlord doesn't have the same resources and time that an agency has.

There are companies that offer a tenant background check and this should be done with each and every potential applicant that completes your application form for the property.

A landlord needs to put an application form together which gets as much information on the applicant as possible. This should include name, current address, telephone number, social security number and a list of reference and contact numbers from previous landlords.

It is essential that you take the time to follow up on these references to ensure that the applicant is trustworthy and reliable. It gives you a chance to ensure that they paid their rent on time, when they left they gave proper notice as per the lease agreement and that they left the property in a good condition.

Over and above phoning the references, you should pay for a tenant background check. This reporting services gives you the additional peace of mind you need when signing a lease with one of the applicants and giving them access to your asset.

The tenant background check ticks all the boxes on information you need to make an informed decision. You may even find an address is revealed which wasn't mentioned by the applicant and this is your opportunity to ensure that they were honest in their application.

Paying for a tenant background check gives you that added peace of mind needed to sign the lease knowing the applicant you have chosen is reliable, trustworthy and likely to care for your property as you would.

Unfortunately renting out a property comes with a level of risk, any applicant that has passed all your checks can still end up in financial difficulty, resulting in them leaving the property without warning and leaving you in serious financial difficulty.

In order to avoid this happening, you want to take every precaution possible before making a final decision on the best applicant to hand over the keys to. This should include the applicant completing a detailed form, a tenant background check and following up on references.

Following these steps will ensure when you choose an applicant, you are choosing on that will pay their rental in a timely manner, will care for the property and will remain in the property for the duration of the lease without causing damage.

Is It Easy to Make Money and Become Rich?

Is It Easy to Make Money and Become Rich?

If you listen to the so-called gurus who are trying to sell their money-making products, it sounds extremely easy and quick to make loads of money and become filthy rich. Whether they are selling their software to earn money online using the internet or pushing newsletter subscriptions to advise people on which stocks to buy, they make it sound unbelievably simple with super fast results being likely. All you need to do is buy their products and follow their advice.

Needing money is common for most people. Although honest work with a regular job is the way for most to try to achieve their goals, it is not unusual to want to try something which promises fast returns.

Whether you are looking for a home based business which will help take the edge off the tight financial picture you are facing or you want to become wealthy beyond your wildest imagination, there seems to be a myriad of ways available to you. Whether they work or not is a different matter.

Jerry was investigating ways to earn money online so he signed up for several free offers which held big promises of wealth. All he had to do was purchase this incredibly easy to use software which would bring sales rushing to his website. He did not have a website and did not know how to get one, but the material said that they would provide everything for him so that he could start to earn money immediately. It sounded too good to be true, but it did sound believable if someone were going to help him every step of the way as indicated. He signed up and paid the money. It was very difficult to understand what to do, and he gave up on it.

If it were that easy, everyone would be rich. Some of those gurus are wealthy, but others are just struggling people who are trying to make it. It is the same when a person starts out in network marketing (MLM or multi-level marketing). Selling products is not easy without a real belief that they will be of value to the consumer. No one has success at first, but you need to act like you are successful in order to convince anyone to join you in the effort. You must rely on the success of others until you find your own.

No, it is not that easy to make money and become rich. No matter what people may tell you, it is likely going to take a super amount of effort and hard work to ever get to the point where you feel rich. It may be totally worth it for those who are willing to do what it takes.

We all know rich people, and we know that success can be achieved. If we are willing to work hard and are not too impatient by giving up too soon when success may be on the horizon, we just might become successful and rich.

Why We Cannot Save Enough for Our Retirement

Why We Cannot Save Enough for Our Retirement

Living Longer with Less Pensions and Retirement Plans

We are living longer, staying healthy longer and outlasting what we originally thought would be the end of our lives. More people of retirement age are doing more to stay active, eat well and overall, taking better care of themselves. This leads to a longer than expected life span, more medical expenditures, household expenses and less money to cushion the so-called Golden Years. Inflation plays a huge part in trying to save money for retirement. We are earning less while working more and longer with very few pension plans and weak retirement plans. Very few people can afford to have money taken out of their paychecks and set aside for retirement as the amount they earn covers their daily expenses. So the longer we live and the longer we work the more we will need to cover living costs and the less there will be for retirement.

Incomes Have Been Stagnant

The income ladder for working class people has remained mostly stagnant since 1970 while the ladder to high incomes has risen. Nearly two generations of employers have provided less than adequate retirement plans for their workers or have provided none at all. During the last 6 years, excluding this one, the writer was employed by other companies and a non-profit organization which paid dismally and offered no employer match for any retirement plan offered. Workers tend to use every single cent of their paychecks to make ends meet. There is barely any room to pull money out and have it automatically go into an employer sponsored retirement plan. Incomes must rise to meet the demands of inflation and workers.

Government Cuts in Social Security and Medicare

The very saving system we have all been paying into since we started working may not be there for us when we retire. Social Security is taken when workers retire and can be taken as early as age 62. However, if we work longer we can get more. As more seniors live longer, the more they will draw from this program leaving less for the generations which come after them. This is no one's fault. It is just a fact of life.

What Can We Do to Prepare for a Good Retirement

Despite the bad news about not being prepared for retirement, there are some things we can do now to add a little cushion to a later after-work life.

• Sit down with someone who is financially savvy and work out if there is any way to put even $50.00 into a retirement plan.
• Determine how long you want to work and if you can live off the social security benefit at the age you want to retire, assuming there is enough left in the collective balance to do so.
• Open an Individual Retirement Account (IRA) and contribute to it. The more we save now, the more we will have later.
• Stick to all savings plans.

Of course, if facing foreclosure or eviction, or have a major medical expense, borrow as little as possible from one of the plans. Try not to take any money from a retirement plan if a job loss happens. Every worker has emergencies which come up unexpectedly. Most of them do not have savings to cover them. This is in part, due to a rotten economy, a Congressional body fighting with themselves and ignoring the general public. The bottom line is to take care of yourself and family and work hard to save for a better retirement. Your net worth is up to you.

Love, Marriage and Amp - Social Security

Love, Marriage and Amp - Social Security

Marriage complicates everything - usually in delightful ways! Sharing your life with someone means sharing everything, from your combined families to your combined incomes - and unfortunately, even your combined efforts at credit repair. Many married couples lose sight of their retirement planning when embroiled in desperate attempts to repair credit and purchase a home, save to get braces for the twins and save for college tuition. You can and should simultaneously be planning for your retirement. This includes understanding Social Security and how it works when you're married.

First and foremost, what does the word "married" mean? The Federal Government solves this problem by deferring to the state you live in. Whatever their rules are regarding the legal definition of marriage, Social Security will recognize. About one third of the states in the USA have some recognition of Common Law Marriage so you don't necessarily need a marriage license to claim your spouse's benefits.

How Much Of Your Spouse's Benefits Can You Claim?

When you are married, you can claim your spouse's benefits. Even if you never held a job yourself you are entitled to share your spouse's Social Security benefits. If you wait until both of you are of retirement age (currently 66 years old) you can claim 50% of your spouse's benefit. If you claim it before age 66, the percentage goes down. Social Security has no marriage penalty, so there's absolutely no downside in claiming both benefits. Social Security allows a widow or widower to claim their spouse's benefits, even if they remarry. You can claim a deceased spouse's benefits as early as age 60, and add their own benefit whenever necessary - though waiting until age 70 will bring the highest benefit possible.

There are many strategies for married couples to maximize their possible benefits. One simple idea is for a married couple to claim only the benefit from the lower-income spouse until they are 70, allowing the higher-income (and thus higher funded) spouse's benefits to grow to their highest potential. The strategic possibilities are actually quite complex and many married couples hire professionals to help them take advantage of the best strategies for their Social Security profile.

However you want to retire - as early as possible or working up until you are forced to retire - taking a look at your Social Security options and planning ahead to maximize them is an essential component in your future financial health.

Was the 2008 Financial Collapse Part of a Terrorist Attack?

Was the 2008 Financial Collapse Part of a Terrorist Attack?

According to a 2009 government report commissioned by the Defense Department, Kevin Freeman, the pentagon contractor who wrote the report, says that outside forces coordinated to take what was thought to be a normal downturn into a 50 trillion dollar cash drain from the global economy. Freeman goes on to say that the job is not done yet, and that a massive effort to destroy the U.S. Dollar is the "end game" if the goal is truly to destroy America.

Now many have come out to call Freeman's claims ridiculous and wrong-headed, but can you so easily dismiss his report as such? Many agencies and financial institutions are defending themselves from hundreds of hacking attempts each day. Many times, online retailers have customer information stolen off their servers at an alarming rate.

The attack, according to the report, was in three parts. First was the intentional rise in oil prices in 2007 that generated as much as 2 trillion dollars for oil nations.

The second phase was that undetectable traders attacked the financial institutions such as Bear Sterns and Lehman brothers, in what is described as a raid driving down the prices of their stocks through manipulation of news and complex trades.

The third phase is said to be the massive U.S. public debt that now threatens the position of the dollar as the reserve currency, something that is discussed by other nations around the world.

One of the problems is that we spend billions of dollars on the weapon systems for the military every year, but spend relatively little on protecting our electronic commerce and financial markets. It would appear that the threat is not being taken seriously as outside analysts insist that nobody wants to go there.

The main problem remains that after such an event does take place, you will not only have the incredible loss of money that may be associated with such an attack, but the loss of confidence in the system that has become the backbone of today's commerce, not to mention the financial markets themselves.

Either way, this is an issue that can be addressed now, while it is still in the early stages of becoming a major problem, or it can be addressed later when massive damage has already been done and fortunes are lost. I for one hope that this can be addressed now before we find our selves looking in the rear-view mirror.

What Does It Mean to Be House Poor?

What Does It Mean to Be House Poor?

If someone is house poor, they have a house they cannot afford. People who are house poor did not calculate all the costs of buying their home. They are now living in a home they are struggling to repay and upkeep. They might not even be able to save for the future. A financial situation this precarious can easily lead to financial disaster.

These house poor people did not make wise financial decisions. Arranging a mortgage must be a decision the buyer takes seriously. A mortgage is probably the largest financial transaction most people will take.

The mortgage must be considered as part of the overall financial plan. Many house poor people saw their mortgage as a separate transaction. But the house rich are people who used their mortgage to improve their net worth.

Signs of being house poor

Increasing debt is an indication of being house poor. Relying on credit cards for ordinary household expenses like groceries is a sign that expenditure is uncontrollable. Expenditure must be cut to avoid financial disaster.

Viewing the home as a retirement plan is an indication of house poverty. It's essential to contribute to RRSPs and a savings account as well. Homeowners should be able to repay their mortgage and still make other savings, no matter how modest they may be.

A lack of financial safety net is another sign of being house poor. Living paycheck to paycheck is a very precarious way to live. Loss of employment, illness, or divorce can mean mortgage repayments are not met. If there are no savings, even just a few months of unemployment could lead to foreclosure, or even bankruptcy.

Being unlikely to repay the mortgage before retirement is a sure indication of house poverty.

How to avoid being house poor

To ensure that you can really afford the home you want, you must calculate all the costs involved. Mortgage repayments are definitely not the only costs of home ownership. Taxes, maintenance costs, higher utilities, and higher insurance must also be considered. Decorating and even gardening costs must also be factored in.

Working out your budget is essential, even before you start to look for homes. You must make sure you know how much you can afford to spend. If the mortgage you would need is not within your means, then do not purchase the house, even if you are offered the mortgage.

Ensuring you have 20 per cent of the purchase price will help you become house rich. This means you won't have the additional expense of mortgage insurance. It is also much more likely that you will buy a home you can actually afford.

Prioritizing mortgage repayments means you are more likely to be able to repay your mortgage before retirement. This could mean you must make sacrifices, perhaps curtailing vacations rather than purchasing your flights and hotels on credit.

Let's Tax The Corporations! Or Should We?

Let's Tax The Corporations! Or Should We?

From time to time it becomes necessary to think "outside of the box" and with the fiscal issues faced by our nation, well now is a good time! We face a growing $16.6 trillion debt; an anemic economy; deficits as far as the eye can see; and a national malaise setting in as people are increasingly fearful of a possible economic firestorm created by the debt. The solution to this dilemma hinges partly (or mostly) on rebuilding a strong economic engine that is growing at 4% or more; the question of course is how to do that? The Corporate income tax is an interesting issue to understand as we look to answer that question!

Let's start at the beginning, what is a "corporation"? Simply it is an artificial creation designed to allow one or more individuals to operate in a venture separate from their own individual interests. The corporation files its own financial reports, tax reports and other documents that are necessary to maintain it in "good standing" as a stand-alone enterprise. Under the American tax system, the Corporation pays income tax as if it were a person. The income tax is calculated by taking revenue minus businesses expenses (operating profit) and then applying a percentage just like you do on your personal return. Presently, the corporate income tax begins at 15% and rapidly increases to 35%; although there are two "bumps" that take some up as high as 39%.

Conventional wisdom holds that corporate taxes are just like individual taxes and increases need to be explored if government is going to close its enormous budget deficit. But is this conventional wisdom right? The fact that a corporation is not an individual is relevant here. Assume you run a business that sells coffee and after you buy the coffee beans, buy the cups and lids, and pay the people to operate that coffee making business, you determine that you can sell coffee for $2.00 for a 16oz cup. With that price, you expect to earn $.20 profit (10%) per cup. So the income tax man comes to your shop and says one day, you have to pay tax on that $.20 income you made and assigns a 35% rate to it, or $.07 giving you a NET profit of $.14 from that $2.00 cup of coffee. Now, you have two choices, you can either "eat" that tax bill and see your profit reduced, or you can raise your price to $2.10 giving you a $.30 operating profit which generates a $.10 tax leaving you with $.20. On a micro level a single business might choose to eat the tax so that magic $2.00 price is maintained. However, on a macro level, at the margin, business operators tend to raise the price thereby satisfying their owners and investors by keeping their profit the same. So who really pays the tax in that case?

The reality is that company taxes are not paid by the company because it is not a real person! The taxes it shows on paper are either assigned to consumers (higher prices) or to employees (lower costs) or to the owners and investors in the business. Business must earn a profit to stay in business so the revenues and expenses are their only options to change in response to the tax imposed on them. But no matter how they deal with it, the corporation itself pays nothing but passes its costs onto consumers, employees or owners (dividends).

In addition to this myth that corporations pay any tax to begin with is an issue that also needs to be understood. As businesses deal with taxation and the only options are to increase prices or reduce cost to accommodate the tax, competitiveness slips relative to companies who don't bear that tax burden. The fact that the United States today imposes the highest marginal corporate income tax rate in the world is one of the reasons our economy is so anemic. A U.S. corporation has to deal with a 35% add-on to its costs by raising prices, reducing costs, or reducing the attractiveness of investment by charging shareholders and thus is less attractive than overseas companies who are not saddled with the additional costs. Increasing costs like this only serves to make U.S. products more expensive, which in turn reduces demand which reduces the labor that makes the product or service. So higher taxes lead to a slower economy, and isn't that the opposite of what we're striving for?

In addition to hindering overall economic growth, the burden of the corporate income tax falls on small business much harder than it does big business. When the local pipe manufacturer, car deal, marketing company, or whatever company is making $500,000 the owner is clearly one of our "well off citizens". But that owner is going to pay 39% of that $500,000 to the government. The problem is that right down the street, the large company making $500,000,000 is NOT going to pay 39%, there are instead going to pay dozens of lobbyists and tax lawyers to have rules written and interpreted so that they do not pay the tax. Thus, they have an enormous competitive edge of the small local firm who cannot afford lobbyists and tax consultants. Anyone who doesn't believe this happens need only look to

Illinois where when the state raised income taxes by 40%, the politicians offered exemptions to the largest Corporations who had threatened to move if the tax were applied to them.

There is a third issue as if slowing down the economy and stifling small business weren't enough; because Corporations must return money to shareholders (the owners) who are taxed as individuals, dividends are declared and paid. These dividends are the return of the "profit" and "accumulated earnings" of the company. So I'm retired and decide to invest a portion of my savings into dividend paying companies, it's important to note that those dividends are taxed at a whopping maximum rate of 74%! The reason is that the company "pays" 35% on its earnings and then when it distributes its earnings, the owners pay their income tax now topping out at 39%. If you happen to live in a high tax state, that 74% can rise to over 80%. So, ask yourself this question, if you're retired and need to invest your money to earn an income and decide therefore to purchase stock in dividend paying companies, is that 39% corporate income tax being paid by the Company or by YOU in the form of reduced dividends? The answer of course is that YOU pay the tax, not the Company because it is not a human.

The reality is that in order to get the United States back to a 4% or more economic growth rate, we must reduce or eliminate the corporate income tax all together. This may not be politically popular as the politicians have managed to demonize business in the eyes of many voters, but political shenanigans and lies aside, if people want job security, income security, medical security and education, it must be paid for and a growing economy with productive people are the only real way to get there.

Liberals Speak About Fixing the FoFA Mess

Liberals Speak About Fixing the FoFA Mess

The Coalition wants to fix the Future of Financial Advice (FoFA) reforms that the Labor Party put into place, Australian Banking and Finance reported, adding that some 16 amendments are bound to be introduced by the Liberals.

Some of the changes it promised would be the complete removal of the opt in option, the simplification and the streamlining of the additional annual fee disclosure requirements and the improvement of the best-interest duty.

The Coalition also wants to provide certainty with regards to the provision and the availability of scaled device and the refinement of the ban of commissions on risk insurance inside superannuation.

What was glaring though is that the amendments do not seek to repeal the more contentious elements of the legislation. A separate report in The Australian stated this is not a priority for the incoming Party.

It is worth mentioning though that both parties actually agree and in support of the general themes of the FoFA, which means the adjustments and reforms will be focused on small details or the implementation dates, for example. The general proposition of the FoFA is not likely to be affected.

Some analysts also expect a short and sharp review of the financial advice with panels of experts leading the way.

Reforms not Beneficial

The Coalition believes the reforms initiated by then Senator Mathias Cormann would only increase red tape and will cost more for business owners and its consumers. Mr. Cormann is now the minister for finance.

Liberals called these reforms "Labor's FoFA mess."

But the Coalition is believed to be fully supportive of the 16 FoFA amendments it introduced. According to Mark Spiers, the general manager of Advice at the Westpac-owned BT Financial Group, the bank is quite excited about monitoring the developments in the implementation of the reforms.

For John Flavell, the executive general manager of wealth advice at NAB Wealth, he does not want to speculate on anything just yet. He noted that banks would have to work together with the government to give the best possible service to their customers.

FoFA, he added, aims to provide a better financial future for the Australians, and that is what it should achieve.

The changes are quite acceptable for Richard Batten, a partner at Minter Ellison Lawyers. He is specifically fond of removing the opt in and general advice from conflicted renumeration.

Mr. Batten stated in the Australian Banking and Finance report that there are other changes that FoFA needs and these would be glaringly obvious once these initial reforms are started.

How to Approach Sino Financials Markets in the Current Year

How to Approach Sino Financials Markets in the Current Year

The Solactive China Financials index tracks a total of thirty six of the top Sino Bank Equity, evaluates the sector and its growth quite effectively and even offers participation in the form of an Index attuned China Financials ETF. The Solactive benchmark [Bloomberg ticker - CHIF] has delivered returns of 16.29% for the Year 2012 and the annualized returns since its inception in December 2009 are a little less than 2%.

Banks of China enjoy a definite edge over their counterparts because of the sheer numbers of consumers available to them and these numbers are still rising. The heavy economic growth of the last twenty years has changed the demographics in these parts of Asia, two decades of good business meant better payouts for the Chinese workers, businesses have grown drastically due to the aggressive and global demand for local products, the households have seen a major appreciation of their immovable assets amid this massive wave of globalization in China which exists even today has led to massive swell in the numbers of the middle classes, who now want to upgrade their life styles with the increased disposable incomes and wealth.

Credit card giant Master Card carried out a survey in 2010 to derive forecasts on the credit card users in China. As per the report net credit cards in circulation were to reach 230 million by 2011, which it already did and by 2020 the figure for these plastic units in use will be a whooping 900 million.

This is real growth of more than 400% in just nine years.

Another plus is a supportive state in the nation and the past year's growth wouldn't have been possible without a little help from the government. The top four banks of China boasted a balance sheet in black largely owing to the central bank directives. Their loan rates were bloated as much as 30%, where as interests charged were 10% higher than the central bank's deposit rate, although these top institutions did consume a major chunk of bad debts from the LGFVs segment, but largely enjoyed profits in the wake of the new norms.

The bigger positive lies in the understanding of an investor who are seeking to indulge in the Sino Financial funds and equity, it is a simple realization that the buck does not stop here; the growth that has been seen in case of credit card will apply to all or at least most consumer products and the biggest purchasing and loaning activity will come from the first time owners of varied items like smart phone, cars, laptops and most primarily the new end users of the realty. A surge in the housing markets of China will not only justify the state's aggressive approach towards infrastructure, it will also account for most of the extended loans from the banks domiciled in the nation.

China, most analysts say will eventually outperform the rest of the BRIC and will surpass USA in terms of net GDP by 2027.

A good basis to this asset is a long positive outlook relying on bona fide business sense rather than the market frenzy, which is a common sight in the emerging capital markets. The projected growth is impossible without a good banking structure and that's what makes Invest China Financials Sector an interesting space to watch throughout 2013 and beyond.

Finding Ways to Save More Money on Limited Funds

Finding Ways to Save More Money on Limited Funds

To save money, we sometimes create budgets. Any funds outside of those said budgets are saved. They become handy for emergency situations or are just simply savings for the winter. More often than not though, they become as means to cover the extra expenses if the set budget alone can't handle it. This defeats the purpose of setting a budget. That being said, to save money, you have to look at the funds both inside and outside the budget.

Of course, the first thing you're going to do is set a budget. What bills do you have to pay each month and when are they due? How frequently do you go to the grocery store in a month? How long does a full tank of gas last? Are there any upcoming special occasions in the month that may require some splurging for celebrations? These are just a few questions you need to answer. You'll need to consider everything. From there, you can draw up a weekly budget.

Once you've separated your savings from your budget, you can start saving from the allotted budget. For instance, if you have set aside a budget for a full tank of gas for two weeks, only spend for half a tank. You can then start planning shorter routes such as going for groceries on the way home from work as opposed to going home and then going to the grocery. You can even start not using your car unless necessary. Try to ride a bike to work or leave home early and start walking if the office isn't too far. The savings you get for the half tank of gas can be saved for filling the car up two weeks from now.

You can also try to save any allowances you have for the day. For instance, packing lunch can help you save lunch money at work. While one may argue that the money gets spent in groceries anyway, it is far less expensive than going to a fast food restaurant every day for lunch.

If you have vices, try to cut them down. If you smoke one pack a day, for instance, imagine how much you can save in a year if you never smoked at all. Try buying cheap cigarettes instead. Sure, they don't have the same flavor as your premium cigs, but if you lose your entire taste for cigarettes, then it helps you stop your vices.

Budgets are created to set aside a small amount for savings. If one can save a small amount FROM the budget, it's even better. Just remember that savings aren't felt overnight. Just keep saving and look at the amount a month after, and two months after, and so on. You'll realize that you've made a big difference.

Online Mobile Recharge Is Quick and Convenient

Online Mobile Recharge Is Quick and Convenient

Online mobile recharge is one of the services offered by leading banks in India. In recent times, mostly all of us possess a mobile phone. And why not, a powerful device that instantly gets us connected to our loved ones anytime of the day or night, mobile phones let us access dozens of applications via the internet as well as enables them to buzz on the social networking circuit too often.

In contrast, the era of fixed landline phones seems to be ending soon as they have now been replaced with the technology-infused mobile phones that merely have any kind of regulations. Unlike a home phone, you can easily carry your handset anywhere and everywhere you move. Besides, the greatest advantage of all is that you are no longer bound to the regulations of landline phones, unless of course you are yet continuing to take the service from the local service provider.

Evading the concept of paying rentals and bills each month based on the usage in case of home phones, mobile phone connections are available as prepaid and billing or post-paid.

Either way, users only have to pay for the services they have used or subscribed as to. While in the case of prepaid mobile recharge, you need to refill the desired amount, post-paid connection allows you to use the phone as you would like and make payments at a certain date of the month. When it comes to paying a due bill of a mobile phone connection, or the latest trend of mobile recharge or refill, users have great options at their disposal.

As one of the faces of consumerism, most people are diligently making use of the brilliant option available in the form of online mobile recharge wherein the desired amount you would like to refill to your mobile phone is automatically debited from the banking institution you have chosen the facility for. The procedure also follows internet or mobile banking through which the user can use the facility at the comfort of their home or office.

Bringing a sense of ease, online mobile recharge lets the customer enjoy the following advantages:-

Instant Recharge:

Internet mobile recharge enables consumers to refill their mobile phone in no time and as effortlessly. As the facility is offered by select banks, the entire process becomes even simpler and convenient to use. Besides, the online recharge status sent to the customers by their respective banks allows them to view the details through emails or SMS.

Online Recharge, Anywhere and Anytime

As customers are not bound to make use of the service at a certain time of the day, they can easily enjoy the benefits of online mobile recharge regardless of the time or place the customers feel the need of refilling their mobile phones.

Several Options Available

Online mobile phone recharge brings in numerous options and hence when you are following the procedure over the internet, you can choose among various payment alternatives such as net banking and paying through credit card or debit card.

Service Available 24x7:

Online mobile recharge service is available round the clock and on the fingertips. Whether it is day or night, the service would be made available ceaselessly and everywhere for you to get connected instantly.

Thus, as online mobile recharge brings in multiple sets of advantages, more and more users are opting for the facility from their respective banks.

Raise Capital For Your Startup Company - Online Networking Tips

Raise Capital For Your Startup Company - Online Networking Tips

Networking is considered one of the best and effective methods for an entrepreneur to gain and meet clients; however, if they opt for only this technique for increasing their client base, it will be difficult for them to take their business to further levels. In the current technologically advanced world, networking does not just mean handshakes and exchange of business cards, but it is all about exchange of thoughts, ideas, information, resources, etc... with limited or no face-to-face contact. Businesses these days are able to develop their networking through their computers without even leaving their place.

Here, some of the organizations that still believe in a conventional method of networking might worry about the loss of personal touch. But, in the current virtual world, clients will feel more convenient in obtaining information about any organization with just a single click of the mouse. As all sorts of information will be available about the organization in its website, they can easily contact when they need the services of the organization. Online networking campaigns can be made successful by organizations looking for 'how to raise capital for a start-up company?' can be benefited from the tips given below:

Solid online profile: Irrespective of the nature of product or service planned to be dealt by the start-up firm, it is better to build a solid online profile. Without such a profile, potential customers will not be in a position to know about the firm and how is the firm going to offer better service as compared to their competitors. Therefore, it would be better for start-up firms to have at least a single website from where potential customers will be in a position to get all details regarding the product or services and even the cost of product or service. Above all, when there is a website, the organization can showcase its awards, achievements and goals with the help of which customers can get certain level of confidence about the firm.

Active in online communities: Online communities are the best sources where same minded people join together and being active in these types of communities will be of great use to organizations not only to attain popularity among people, but they can also find out some valuable tips on how to raise capital for a start-up company from the experienced businessmen operating in these communities. By engaging in discussion, creation of a strong relationship with members of the community and by sharing of expertise, the entrepreneur can develop a sense of confidence among the members, which will surely have a positive effect on the growth of his start-up firm.

Cognitive Biases and Shortcomings That Affect Your Ability to Trade

Cognitive Biases and Shortcomings That Affect Your Ability to Trade

Playing the stock market as a day trader or over the longer term is something that requires a lot of skill, knowledge and patience, as well as a keen analytical mind. However these aren't the only factors that will impact on your ability to make the right decisions when trading. In order for you to use your brain as a powerful analytical machine you see, you need to be free from distractions and it needs to be operating as efficiently as it possibly can be -free from emotional biases and issues that can stand in your way.

As such then, psychology will play a big part in trading and it's crucial that you be able to control your thoughts and not let emotions and faulty thinking stand in your way when making the best decisions. Here we will look at some of the cognitive biases and issues that can sometimes do that, and how to overcome them.

Confirmation Bias

Confirmation bias is a phenomenon that most people deal with that prevents them from being able to see their error when they make mistakes or have the wrong idea. Confirmation bias describes our tendency to seek out information that confirms our beliefs, and to be more likely to accept that information when we hear it.

In other words then, if you've already made up your mind that a company has good stock, you might find that you overlook evidence to the contrary. To avoid this problem then, you should make sure that instead of looking for information regarding your chosen business, you instead aim to find information that disproves your current views. This is the method taken by science which always aims to disprove the existing paradigm (rather than support it) and it's the stance you should take when trading.

Loss Aversion

Loss aversion describes the human impulse to avoid loss. Of course no one wants to lose money, and this is obviously a good way to think when you're trading. However this does become a problem when you start being more afraid of losing than you are motivated by gaining. In other words, if there's a 50/50 chance of your making money on a deal or losing money, even if the amount you could lose was smaller most people would turn down the option. This is biased decision making however, and particularly when something like trading requires the occasional risk.

Attention

Sometimes our brain simply lets us down because it isn't focussed enough on what's going on, or able to follow the progress of many shares all at once. Losing money simply because you didn't notice your stocks plummeting, or missing a great opportunity because you were asleep are all human weaknesses but they can be avoided by using market trading software that has been set up to trade on your behalf and to raise points of interest with you.

The Role of Emotion (The Adaptive Unconscious?)

The adaptive unconscious is a term used to describe the seeming accuracy of our split second decisions. In other words, I'm saying that emotion isn't always a bad thing and that sometimes going with your gut is the right decision - but you need to be aware of the biases that an off-the-cuff decision carry. When your gut backs up the maths and your heart and trading software tell you the same things, then it's time to buy.

How Banks Create Money Out of Nothing

How Banks Create Money Out of Nothing

One of the biggest misconceptions that people have about the way banks create money is that the central bank simply prints more of it in the form of paper bills and coins. In actuality, the amount of currency circulating in the financial system amounts to just a fraction of the amount of money recorded by banks in their books. The rest is created by banks, essentially out of nothing. How do the banks do this? Here is a brief overview.

Before we take a look at this process, let us examine more closely the fundamental concept of money itself. What is money? Money is simply a theoretical concept that represents value, with paper money and coins serving as the material personification of this concept. We know that if banks or stores refuse to accept our money, then it is no more than worthless pieces of paper and bits of metal.

Depositors place their money in the bank. These deposits are recorded concurrently in the assets column as Cash in Hand and the liabilities column as Customer s Deposits (since the banks need to return the money to the depositor when he withdraws it). For the sake of clarity, let s say the total amount of deposits in the bank is $100,000.

The bank sets aside 10% of deposits in a Federal Reserve account. This amount is intended to meet their client s withdrawal requirements, since it is estimated that, under regular conditions, depositors will not take out more than 10% of their money. The remaining 90% is now open for lending to borrowers. Let s say that you borrow $10,000 from the bank. Once the loan is approved, the proceeds are deposited into your account. You can now spend the money. However, since the bank knows that you are unlikely to take out more than 10%, it can relend the $9,000 from your account as long as it keeps $1,000 in reserve. Thus, the bank has now generated new money without fresh deposits actually being made, purely through accounting. The amount of debt actually exceeds the amounts deposited in the banks, meaning the majority of money in the financial system is now actually debts.

It should be noted that as long as the bank keeps that 10% of deposit reserves, it can keep lending money even if the amount already exceeds the total deposits it has.

The problem with this system is that in order for it to keep working, people have to keep borrowing money. If a person stops borrowing money, another one must start to borrow in order to keep the money supply high. If the levels of debt go down, so does the money supply, which would risk triggering a recession. Thus, people have to take on growing levels of debt in order to keep the economy running. You can learn more about this problem by reading free online books on this topic.

The Start of 2013 Finds More Countries Searching for Rare Earth Metal
Supplies Outside China

The Start of 2013 Finds More Countries Searching for Rare Earth Metal Supplies Outside China

News of further initiatives has emerged at the start of January 2013 to find secure supplies outside China of the rare earth metals that are so important to the future of clean technology and the manufacture consumer electronics.

A Polish mining group specialising currently in copper and silver has announced plans to purchase exploration licences in a number of countries in order to explore for rare earth metals.

The chief executive of KGHM Polska Mied said the intention was to become a "multi metal" company and that the group felt it had a responsibility to supply the Polish and European markets.

The US Department of Energy (DOE) has granted $120 million towards the setting up of a new research institute the Critical Materials Institute (CMI) at the Ames Laboratory in Iowa. The new research facility will bring together academics, researchers, four DOE national laboratories and private sector companies to look at ways of making rare earth metal supplies more secure domestically.

Therefore it is likely to focus on improving mining and production processes, researching how rare minerals can be used more efficiently and on how they can be recovered and recycled more effectively from discarded products.

Now that Lynas, one of Australia's biggest rare earth metal mining companies, has now started processing ores at its new plant in Malaysia following a lengthy battle with environmental activists who appealed to the Malaysian High Court to have the temporary licence for the plant withdrawn, Australia is being predicted to become one of the world's major suppliers. More deposits are likely to be mined in the country, which is estimated to have more than 6% of available global supplies.

The most recent entrant into the ongoing search is the West Indian island of Jamaica, whose Science, Technology, Energy & Mining Minister, recently announced to the country's Parliament that Japanese researchers believed there were high concentrations of rare earths in the residue (known as tailings) from its ailing bauxite mining industry.

The Jamaican minister reported that the researchers, from Japan's Nippon Light Metal Co. Ltd. also believed that rare-earth elements could be efficiently extracted from the red mud, as it is called. The country's environmental and planning agency has already approved a pilot programme to examine the potential of a commercial operation but it has yet to be examined by other government departments. Nippon Light Metal Co has agreed to invest $3 million in the pilot project.

Japan was perhaps the leader in 2012 in the search for other sources of rare earth metals after China announced reduced quotas for the global supplies of rare earths early in the year, prompting complaints to the World Trade Organisation from Japan, the USA and the EU. China was then supplying approximately 97% of global supplies.

This encouraged the search for other sources of the crucial minerals with potential deposits identified in Greenland and parts of Africa, and supply and processing agreements being signed between Japan and companies in Kazakhstan and India.

The situation has also stimulated initiatives to recycle the metals from discarded products such as electric vehicles and consumer electronics in Japan and in the EU.

Why Consider Self-Managed Super Funds?

Why Consider Self-Managed Super Funds?

In every country all over the world, retirement schemes provide strong pillars for both security and stability needed by every individual in their old age. In Australia, the retirement programme is known as Superannuation and was made popular by the "superannuation guarantee" which was introduced by Keating Labor at the time of his reign of the Australian government.

Superannuation is a fund towards which the employee as well as the employer contributes a certain amount of money at specific time intervals. Although it is compulsory for the employers to make contributions towards this fund (not less than 9% of their employee's income, with commission, bonus, etc included), it is a voluntary affair for the employees to do so. When this fund was initially introduced, it was set at the rate of 3% but with time it has registered a gradual increase. A whole lump sum is released to the employee when he attains a specific age.

A Self managed Super Fund on the other hand, is a superannuation fund that is upheld by a faction of people made up of 5 members who double up as the fund's trustees. The Self managed Super Fund is regulated by the Australian Taxation Office which has made it mandatory for each member to be a trustee of the fund. By the time the fund gains corporate trustees, members of the fund will turn into directors of the very corporate trustee. This system of superannuation does not allow a member to be an employee of another member. If there ever arises any employer/employee relationship between two members or more, then the fund will no longer be regarded as a superannuation fund.

For the majority of the Australians, perhaps super could be among the largest investments, or even the biggest investment they might ever have. It is for this reason that a considerably big number of people put their super money in super funds which are managed professionally. However, there are some people who prefer hands-on control which comes along with the self-managed super fund. This control means there will be extra responsibility and extra workload.

Presently, this fund is extremely popular among individual factions of people and several corporate bodies. This is because Self managed Super Funds offer a broad scope and advantage concerning both your investment and pension funds.

Benefits
There are a number of advantages of a Self managed Super Fund that can be beneficial to you such as:
• A saving in taxes
• Greater flexibility in choosing an asset or deciding on an investment
• Allows for your absolute management of your investment's portfolio
• Increased flexibility in the utilization of the pension income streams as well as superannuation offers
• Liberty to transfer your shares or securities into the fund
• Opportunity to borrow limited resource if the SISA Act recognizes the asset

Controlling your future
A large number of Australians are taking advantage of this retirement savings option. Why? Because Self-managed Super Funds allow you to have greater control in the choice of your personal strategy and investments. In addition, you can enjoy similar tax benefits just as you would with superannuation through the normal superannuation funds.

The Do it yourself self-managed super
For those individuals who have many superior and broad skills in legal and financial matters, Self-managed Super Funds are most appropriate. Keep in mind that it is your retirement's investment and therefore you need to be cautious about it. You need to be adequately prepared to do proper research and follow your super investments frequently if you are keen on personally managing it.

Before you set up an SSF, it is important to consider certain things:
• Generally, Self-managed super funds are worthy setting up if you have large assets for investment purposes. A regular personal superannuation account is a cheaper alternative for those with smaller assets.
• For a self-managed fund all the trustees are liable as per the law.
• There are a lot of rules and regulations involved as the Australian Taxation meticulously checks the management and the record keeping of these funds. You can consult the professional administration providers who will provide you with the necessary advice that you may need.

Important tip
If you have a Self managed Super Fund you should remember to take a separate life insurance cover. In order to run it efficiently you will generally need the following:
• A colossal amount of money- about $200,000 in the fund in order to establish and cater for annual running costs.
• Ample time to run the fund
• Financial knowledge and ability to enable you make logical investment choices.
• To allow for operating costs like legal advice, professional accounting, audit and tax
• A separate life insurance together with income protection and total and permanent disability cover
• While you can hire a professional to manage your fund, it is legally impossible to delegate your responsibility of being a director or trustee.

Lets Understand Finance Better With Recruiting Agents

Lets Understand Finance Better With Recruiting Agents

The financial industry is growing at a fast pace. The companies in this industry float many financial instruments in the market. The financial instruments floated by these companies include stocks, shares, bonds, debentures, commercial certificates and many more. The values of these instruments keep fluctuating from time to time. It is the conventional demand and supply principle that governs the prices of these financial derivatives. At times the market has many buyers, but there is a shortage of stocks. In such a situation the prices of stocks rise. If too many buyers are running after a limited number of shares, the sellers would obviously avail the leverage. Owing to the excess demand, they increase the prices of shares. Thus the value of the capital market goes up collectively. On the other hand there are times when the stock market is sluggish. This is known as financial slow down. In this situation the market has less buyers and excess financial instruments. This is a highly unfavorable situation for stock sellers. It takes away the bargaining power of stock sellers. So, automatically the share prices go down.

The above is just one tiny aspect of the financial market. There are many such aspects which govern the money market. If the financial companies wish to flourish, they have to hire highly adept selling agents. Recruiting Agents of database companies have a pool of highly qualified and experienced financial professionals. These agents stay-put with the ongoing trends in the capital and money markets. They are capable managing the finances of organizations.

There is a regulatory body authorized by the government, that governs the financial market. This body has laid down well-defined rules and norms for both capital and money market. The financial companies have to strictly run on these regulations. If any company violates these laws, it has to undergo a financial penalty. For surviving in the financial market, it is essential to know its rules. Mutual fund and other financial companies need professionals who are well acquainted with the rules and regulations of the capital market. There are many Recruiting Agents who have a pool of financial experts. These experts not only stay-put with the laws of the financial practices, but also keep track of all the potential changes that take place in the financial vineyard.

Financial Adviser Recruiting agents:-

A financial market is responsive to a number of things. For instance if the country is inflation-stricken, then it has many potential effects on the capital market. High inflation means higher purchasing power. A higher purchasing power in an economy is always a boon to its stock market. People will invest their surplus discretionary income in the share market. So the value of the capital market rises. It takes a lot of research and insightful understanding to grasp the pulse of a stock market. Financial Adviser Recruiting agents have a database that has contacts of financial experts, who understand the capital market well.

Owing to these innumerable benefits, these agents are gaining huge scale acceptance among corporate clients all over the world. Anyone willing to hire such an agent, can log on to the web and get in touch with a reliable one.

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