Monthly Archives: May 2015
Are you looking for a way to get more from your money? Putting it in a savings account won’t do much. Over time, inflation will eat away at it. However, traditional investment opportunities leave a lot to be desired. That’s why so many people have turned to binary options. This investment method comes with a number of benefits unique amongst all your other choices. Let’s take a look at a handful of them now.
The Expiry Date
When you invest in traditional stocks, commodities or just about anything else, you can’t ever know for sure when to sell. Obviously, you want to buy low and sell high, but how do you know when the investment has reached its peak? This question is what keeps so many investors glued to stock tickers, unable to focus on anything else. They definitely don’t want their stock to start falling, but they’re also worried that they’ll miss out on the right moment to sell for maximum profits.
With binary options, though, you have an expiry date. This is when you’ll find out whether or not you made the right investment. Basically, all you have to do is buy the option and then check back at the predetermined time. Until then, go out and live your life.
Another thing people love about binary options is how easy they are to invest in. With traditional stocks, once again, you need to think about when it would make the most sense to sell. However, that’s going to take a lot of time and research. A lot of times, stocks dip before they rally. Other times, the fact that they just went up only means that they’ll soon be falling.
Investing in options means you just have to pick a direction. Will the stock be up or down within 30 days, for example? That’s as difficult as it ever gets. Choose the right direction and you get the full payout.
Limited Exposure to Risk
If investing didn’t involve risk, everyone would be doing it. The truth, though, is that investing can be extremely risky. Many people get involved with the stock market and hardly leave with their shirts.
The risk involved with trading binary options, though, is minimal. As we already covered, you only have to be right about the direction the market will go. Right there, you’re limiting your exposure to risk.
However, you can also find brokers who will give you more credit for your money. This allows you to enter into bigger trades without risking more money to do so. A lot of brokers will also limit your losses too. They may give you as much as 15% of your money back to encourage you to return for further investments.
There’s no doubt that trading binary options takes practice and a certain amount of research to understand how this method works. Still, for very little work, you could become a very profitable investor.
Have you always wanted to start your own business, to be your own boss? That is usually the dream for any cubicle dweller that works the typical 9 to 5 hours. Truth be told, starting a business isn’t as difficult as one would think. If you already have an idea for a product or service then you simply need a plan to bring it to life. Pay attention below as I lay out the necessary steps for any small business to get started.
Having an appropriate business plan is usually the first step to any successful business. A business plan will outline everything from concept to implementation, and even how you plan on obtaining start-up funding. However, don’t be naïve and think your capital needs will end there. Any small business that makes it past the first year will most likely still have capital requirements that need to be met.
Once you have your funding in place you need to ramp up your staff. After all, if you don’t have people making and selling your products then your revenue will go nowhere. Post up job descriptions on local employment boards. Do thorough background checks, and really take your time during the interview process. The cost of turnover is extremely high, so it’s especially important for any new business to get it right from the beginning.
Marketing your products is just as important as well. Plan out your advertising ahead of time, don’t make decisions on the go. If you plan to advertiser online, or via mailers, or even the local newspapers, you need to have a clear and concise path forward. Marketing and advertising is typically the most expensive type of overhead a business experiences. It can also be the most effective tool in selling your product if it is done correctly.
Lastly, make sure you outsource your tax and legal services. Time and again I have seen business owners try to cut corners in this area to their own detriment. Tax and legal issues tend to be very complicated, and mistakes can be extremely costly.
Unless you’ve been stuck on a desert island for the last 15 or 20 years, you’ve probably heard about the Nigerian prince email scam and probably have had a laugh or two about it with friends and family. The fact is however, some of those friends and family are still falling for this “pay me now, get millions later” scam that, if the Boston Globe is to be believed, has been around for over 200 years.
Of course most new scams today are a bit more cleverly disguised than this one, because let’s face it that makes them more effective, but it seems that even the oldest and most obvious of scams are still being used with, unfortunately, great success. Today’s blog will update you on four of the top scams that have been around for ages and should definitely be avoided like the plague. Enjoy.
The first is what’s known as the “grandparent scam”. The fact is, most scams work because they take advantage of people’s emotions including desperation, fear, greed and concern. With the elderly, concern for a family member is combined with confusion about the facts, something that makes it much easier to scam grandma and grandpa. Most of these scams involve making a call to an elderly person’s home and claiming to be a child or grandchild in trouble and needing money fast. This particularly cruel yet quite effective scam relies on the fact that the average grandparent will do anything for their children and grandchildren.
The “IRS phone call” scam is second on our list and typically involves a phone call from someone claiming to be a representative of the IRS and demanding a payment immediately, using the threat of police involvement and jail time to get the listener’s attention. If you receive a phone call like this you should definitely hang up right away and never share any important information with anyone claiming to be from the IRS unless you have made the call to their direct number yourself. You can also go to IRS.gov to look up contact information if you do have issues with your taxes, and always keep in mind that if you get an email claiming to be from the IRS it’s not from the IRS because they don’t send emails.
In third place on our list of top scams is the “Disaster scam”. This scam usually comes in two flavors, the “fake charity” scam and the “click trap” scam, both of which usually begin in the wake of a disaster like a tornado, hurricane, flood or fire. These scams take advantage of the average person’s propensity to give willingly to help victims of these disasters who, unfortunately, then become victims themselves. The fact is, if you’re keen on donating to an organization or charity that has been erected in the wake of a disaster, you should research it first to make sure that it’s legitimate because, unfortunately, there are plenty of fake organizations out there that will take your money in a heartbeat and donate it to their favorite charity, themselves.
Keep in mind that sometimes these “disasters” can also be things like the recent release of nude photographs of celebrities online.
Last on our list is the “Debt collection” scam. Like most other scams, this one starts when the victim gets a phone call from a fake debt collector. Since most people hate dealing with debt collectors to begin with, dealing with fraudulent scammers who, in most cases, are using threatening and relentless language, can be even more stressful. The fact is, even real debt collectors can sometimes be as unpleasant to deal with as fake ones but, no matter who’s on the phone, keep in mind that you’re entitled to written confirmation about any debt that you might have. If the caller refuses to provide that, the chances that you’re dealing with a fraudulent debt collector become much higher.
Hopefully this information will allow you to avoid these scams in the future, and your families and friends as well. In fact, sending a link to this blog to all of your contacts might be one of the best emails that they get today.
When it comes to investing, there is no reason not to listen to some of the best market minds in the world in order to get some great information on how to buy stocks, bonds and funds today. After all, they’ve made their billions and usually in a specific manner that, if copied, will usually end up with the same results; lots of money. Below is advice from three of the top market minds in the world that, when it comes to the stock market, is timeless. Enjoy.
Sir John Templeton was the Founder of Templeton Funds. One of his most famous quotes is this one: “If you buy the same securities everyone else is buying, you will have the same result as everyone else.” That’s sound, simple and powerful reasoning from a man whose indispensable wisdom said to buy at the point of maximum pessimism and sell at the point of maximum optimism.
In other words, Sir John was a bit of a contrarian. He was convinced that the best way to get a bargain in the stock market was to purchase that when all others were selling. Amazingly, when everyone was panicking at the start of World War II, he purchased shares from every single company listed on the New York Stock Exchange that was trading for less than $1.00. He ended up making a profit on nearly every single one that he purchased. Sir John was also the first to see the benefit of going outside of the United States to diversify his portfolio and indeed, investing internationally became sort of his signature. A person who invested $10,000 in Sir John’s flagship fund back in 1954 would have been sitting on a tidy $2 million sum by the time he retired in 1992.
The founder of Vanguard, Jack Bogle, can teach everyone a thing or two about avoiding fees when investing. One of his best quotes is this one; “Don’t let the miracle of long-term compounding of returns be overwhelmed by the tyranny of long-term compounding costs.” Back in 1976 when he launched the Vanguard 500, the first retail stock index fund, his detractors called it “Bogle’s Folly”. Since then however his idea, that since you can’t beat the market low costs and fees are the key to long-term success, has gained widespread acceptance. That’s not hard to understand considering that the Vanguard Group, with $2.6 trillion under management, is now the largest mutual fund family in the world.
Regarded by many as the top investor on the planet, Warren Buffett, is the chairman and CEO of Berkshire Hathaway and his annual letter to shareholders is picked over by investors looking to gain every bit of the man’s immense knowledge about the market and investing. One of his most famous quotes is this one: “Whether socks or stocks, I like buying quality merchandise when it is marked down.” One bit of indispensable wisdom from Mr. Buffett is that you should only invest in what you understand and only if it’s at the right price. Buffet listened well to his mentor, Ben Graham, who taught him that buying stocks was akin to buying businesses. When the market was willing to sell them for less than they were worth, that was a signal to buy. He’s built a $65 billion fortune since the 1950s adhering to this basic investing philosophy, and picking up some of the best companies along the way including Geico, Disney, Coca-Cola and American Express.
There you go. Sound advice from 3 of the best in the world at investing. Use it well and, if you have questions, please drop us a line or leave a comment.