Archive for the ‘Financial Services’ Category

How You Can Profit From A Failing Economy}

Submitted by: Simon P Smith

Unless you have been living under a rock for the past few months you will no doubt have noticed the economy and financial markets are failing.

A Forcast Event

Many financial strategist have been discussing this for quite some time. Robert Kiyosaki even wrote a book about it titled Prophecy. Written in 2002 it discusses why the biggest stock market crash in history is still coming and how you can prepare yourself and profit from it.

Now it is here we can no longer shrug it off as some silly doom and gloom view .

If it is going to be as bad as the gloom and doom merchants in the media are wanting us to belive most people havent felt the pinch yet. Any financial strain youve felt so far is just the tip of the iceberg compared to whats headed our way. And the biggest impact will be on the middle class around Christmas.

Understandably, many people are scared as their financial future is far from being secure. Having said that it is not the time to be stuffing your money into your mattress or hiding under the bed.

You shouldnt do that, nor should you panic. The regulators around the world are working hard and taking swift action to bring stability to the market. The best thing you can do is ride out the short-term ups and downs with just a few prudent adjustments where necessary until it all shakes out.

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The Smart People are Planning Their Future

Dont get caught in what I call the herd mentality. A little rule I have used myself when I find myself in a tight spot is ask myself What is the herd doing? And then do the exact opposite. Now is the time to take a common sense approach. Following are a few tips for a failing economy you may find useful:-

What You Shouldnt Do

* Bail out. Right now everyone is running around dumping stocks or equity mutual funds now. This is silly as the values are especially low and it is simply guaranteeing that youll turn paper losses into real ones. Even if theres more downside to come, staying on course often pays off during times of economic uncertainty. Youll only realise a loss if you sell. What happens after a recession? A Boom. What happens after the sun sets in the west? It rises in the east.

* Stop saving. Those regular contributions youve been making to your savings or retirement accounts are an important part of good financial discipline, and theres no reason to stop them now. The strategy of dollar-cost averaging your investmentsmaking periodic contributions to your accounts, regardless of where the market is heading is still good advice.

* Speculate. While lower prices for investments create opportunities, betting on the markets can easily get you into trouble, especially with the wild swings were seeing now. Small, measured investments are usually better than large, hasty ones intended to make a quick killing. Be especially wary if you get tips from e-mail, the Internet, or elsewhere for certain stocks, commodities, and other once-in-a-lifetime opportunities

* Take on new debt. Be careful about acquiring new debt. Economic downturns can affect job stability and investment income, making it difficult to determine how much debt you can handle.If you must borrow, say, to put a child through college or make an emergency repair to your home, be doubly sure that youve examined all the options and risks, especially if youre planning to use the equity in your home

* Stop living. Although these times demand extra caution, theres such a thing as over-reacting. Whether its buying gifts for the holidays or taking your family on vacation, life has to go on. And some cutbacks can have negative consequences for your wallet, such as putting off maintenance for your house or car or canceling insurance policies. So dont overreact. Instead reflect carefully and, where necessary, adjust.

What You Should Do

* Get your finances in order. Theres never been a better time to make a budget and start paying down your debt, credit card and otherwise

* Rethink your plans to retire. If youre expecting to retire soon, consider holding off for a while, if possible, until things calm down. That will give you time to reassess and, if need be, modify your plans

* Speak with your financial adviser. With end-of-the-year tax planning an annual ritual, now is a good time to make an appointment with your tax adviser no matter what the economic outlook. He or she may have some advice on how to tweak your finances as you ride out the current storm.

* Consider a Plan B. Instead of being scared, Im encouraging you to look at starting or ramping up your Plan B. Its never been more important than it is right now to re-plan how you make your money.

You need to do something different to create a stable financial future for yourself. One of the easiest ways to to this is to have your own home based business.

Now is the time to take action and learn how to build your own home based business to apply yourself to work smarter not harder to find the time to get it done.

So whats the smartest thing a person can do to build their own home based business, or any small business in this economysuccessfully, and without a lot of risk?

Network Marketing has been hailed by many as the ideal home based business. Network Marketing is the best home based business opportunity particularly if you find a mentor in the network marketing business of your choice. This is a great short cut to home based business success as the mentor has already successfully travelled the road you want to travel. Consider this network marketing mentor option.

About the Author: Simon Smith has been working in the financial services industry for over 20 years and building his fortune in the Network Marketing Industry. If you are ready to get out of the Rat Race pick up your free report at Simons

Network Marketing Mentor

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Cotton Ginning Factories In Pakistan Cotton Prices Boost Bid

By Himfr Paul

As the New York cotton prices surged and the market is expected to domestic production shortage, driving up ginning factory bid price of cotton in Pakistan.

There are several document quality cotton to Rs 3,250 transactions, while the day before the closing price of Rs 3100/3200. Do not want a high price for cotton ginning plant purchase. Now they are with, generous to Rs 3100/3200 to improve inventory, but they do not want to chase high prices.

However, the demand for quality cotton mills pushed the price to Rs 3150/3250, while the low-quality cotton prices in the 2850/3050 rupees. As the end of the year of the reason, textile purchase delay, they would prefer to digest inventory. Textile mills do not want to purchase the other half of the reason is that they have to adjust the huge amount of liquidity in bank overdraft.

Most of the time last week, cotton prices stable at Rs 3100/3200, but suddenly at the weekend rose 50 rupees, because of increased ginning factory bid. This just say they like the cotton price trend in the next few weeks, so keep the hands of the position. Obviously, based on their favorable cotton prices because the market is estimated that cotton production this year is not more than 9 million package. Most people think that spinning plant will keep a low profile at the end of the year, because most of the factory stock abundance. They have already sold the first quarter of 2004, prepare a sufficient yarn of cotton.

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Official imports has increased to 289,000 packages a year earlier while imports of 12.2 million bales. Some overseas has been the arrival of cotton. Market sources said that about 200 million bales to fill the gap, so far has been contracted imports of 80 million bales. Sources said, when the actual output next month, announced the end when all the doubts on the cotton yield will be dissipated. But then, a large number of phutti cotton ginning factory should be delivered.

A full week last week, cotton prices remained stable. Transaction price in the 3200 high-quality cotton / 3250 rupees, while the low-quality cotton prices in the 2800/2900 rupees. Transaction price in the quality of cotton in 3000/3100 rupees. Sindh Cotton Phutti Rs 1,000 per 40 kg offer high-quality cotton prices 1400/1450 phutti Rs. Punjab Rs 1500 offer high-quality phutti cotton, low-grade cotton prices quoted Rs 1100/1200. Official spot price stability in 3125 rupees.

According to experts, according to Pakistan’s cotton ginning factory Association (PCGA) 12 data released half of the month, production of 920-930 million bales of cotton, cotton since the beginning of phutti to package volume was 7.482 million. However, the Government will fix the national cotton output of 10 million package. Part of the ginning factories is estimated at 850-860 million bales production. Brokers that since the end approaching, the business people to adjust and prepare the New Year bank overdraft, so very few people enter the market in recent days.

Last week, the yarn market, strong buying, the price firm. International market cotton prices remained firm.

No official spot price movements, remain at 3125 rupees. Spot number 10,000 package, including 15 million package from Sindh and the rest from Punjab. Sindh province had 200 bales of cotton in the selling price of cotton in 2850 Shahdadpur Rs 400 package Sakrand selling price of cotton in 3050 rupees, 200 bales were sold at 3250 rupees Khanpur, 1000 package Sadiqabad cotton prices in the 3150/3200 rupees, 200 bales of cotton Punjmoro prices in 3025 rupees, 400 package Naushehro Feroz cotton prices in 3060 rupees. Punjab cotton 2000 cotton bag Khanpur sold in 3250 to Rs 1000 Rs 3150/3200 package Sadiquabad selling price of cotton, 1,000 selling price of cotton in the 3150 package Haroonabad Rs 1000 package Rahimyar Khan cotton, cotton, Ask 1,000 package Ahmedpure East in 3050 / 3150 rupees, 2000 package DG Khan selling price of cotton in 3070/3250 rupees.

About the Author: I am a professional editor from China Suppliers, and my work is to promote a free online trade platform. http://www.frbiz.com/ contain a great deal of information about cylinder boring,mini led torch,pineapple lamps, welcome to visit!

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Best Montreal Financial Planner Advisor}

Best Montreal Financial Planner Advisor

by

P.Prevost

How to find the Best Financial Planner in Montreal

Like any other decisions, you need to be one step ahead in order to make the right choice. After all, you or your financial planner will ultimately be accountable. In reality you probably dont have the expertise to do an effective job of it, but on the flip side you are aware that not every financial planner out there is trustable to freely manage your hard earned money. First, lets see if a Financial Planner is right for you

What kind of services does a financial planner offer?

A financial planner can help you design a plan to maximize your existing resources, a financial roadmap for long-term financial growth, and track the progress. Pick one that has expertise to help with your retirement plan, or small-business, or insurance needs, or just plain old capital growth & preservation. Ask for his expertise to match you needs.

Why use a financial planner?

– Because he is educated and held to strict standards by the Board of Financial Planners

– He is up-to-date on the latest reputed investment products that can benefit you

– He can safeguard your money against market downfalls (with Stop Losses)

– He has tools to track progress of your investments towards your set goals.

(Beware, not every financial planner understands Stop Losses and long-term capital preservation. Ask him that important question.)

How do I find a good financial planner in Montreal?

Montreal has a wealth of information to pick a suitable financial planner. These steps will help you pick the right fit for you:

– Ask for references, but double check his performance record

– Check if he is a member of the Financial Planning Standards Council

– Verify that his field of expertise matches your situation and objectives

– Validate that he can be trusted. Google his name for public records

– Make your selection based on interviews. See below:

7 industry tested questions to ask during the interview

#1 – What experience does my financial planner have?

The number of years he is in the business confirms his reputation and longevity in the business. Aim for five years or more. And does he have good overall knowledge of available products or just a few? How about risk-reward ratio of my investments?

#2 – What is his fee structure or how does he get paid?

The fee basis may limit his selection of investment products. Ask if his compensation is dependent on the following: Percentage of value, Commission based, or Consultant flat fee.

#3 – Will my money be safe?

No one wants to lose money, especially as we get close to retirement. You planner must: apply Stop Losses to the positions, you need direct and immediate access to your funds whenever you want, investments must be protected in federally insured institutions.

#4 – What investment vehicles will the financial planner utilize?

This will depend on the goals set forth, whether it is a portfolio based on Growth, Balance, or Income. But ETFs (or Exchange Traded Funds) should definitely be a large part of the mix. And no individual investment should carry more weight than 10%

#5 – When would the financial planner sell?

Conservative options should not be overlooked in times of crisis. Selling is a matter of timing. However, long-term planning should not involve frequent trading, it should involve capital preservation and risk mitigation.

#6 – How often do I get statements?

Use of monthly guide posts to measure performance to facilitate performance tracking. This is your measuring stick. Ask for this standard.

#7 – How does my financial planner track progress?

Progress tracking is the only way to measure your performance and hold your financial planner accountable. Consider these two yardsticks:

– Charting of monthly values to view trends,

– Comparison against benchmark indexes such as S & P 500

Best of luck in your future financial wealth!

I have deicided to write this article to help you find the best financial planner and advisor in Montreal or elsewhere. I made extensive research on this topic and here are my best tips.

BestMontrealFinancialPlannerAdvisor.com

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