Blog Blog Copyright by en Mon, 14 Oct 2019 05:27:52 -0400 Life Insurance for Seniors, Best Product Options

The older you get, the more expensive and difficult it becomes to get a life insurance coverage with preferred terms. However, that does not mean that it is impossible to get coverage. While people above the age of 60 have fewer or limited life insurance options than younger folks, there are plenty of options sure to fit any needs.

There are three basic options when it comes to life insurance:

  • Term Life Insurance

  • Guaranteed Universal Life Insurance

  • Whole Life Insurance

Term Life Insurance

Term Life Insurance is the most affordable and most effective life insurance for seniors. It stands out because it offers the most coverage at the lowest price. It is also the best when it comes to seniors buzzing with good health.

In contrast to other life insurance coverage, it provides coverage for a specific number of years, which usually ranges from 10 to 30 years. Depending on how old one is, an insurance company can insert a limitation on the number of years on the term plan.

When comparing life insurance quotes, make sure to verify which type of coverage the quote is for. 

Under Term Life Insurance, there are three basic options:

Level Term Life Insurance

This type of term life specifies the amount of premium one would have to pay as well as the level of the death benefit. For instance, a 15-year term policy with a $150,000 death benefit would most of the time come with identical premiums for each year over the term life. Beneficiaries would also receive $150,000 in case of the death of the insured.

Should the policy expire, an insurance company is not mandated to issue any cash value. However, there is an option to renew and extend coverage.

Convertible Term Life Insurance

Once a convertible Term life Insurance expires, the insured can convert the policy into a permanent insurance plan coverage. Conversion 

can be done before the policy expires or before age 70.

Annual Renewable Term Insurance

This a term life insurance that is renewable every year and beneficial to people who need coverage for a short period, such as five years. It tends to be more expensive.

Guaranteed Universal Life Insurance

Guaranteed Universal Life insurance is a type of life insurance that comes with some guarantees in addition to offering permanent coverage without time limits. Unlike Term Life Insurance Policy, GUL premiums remain constant throughout the policy period.

 It is also a much reliable and dependable form of life insurance as it is not dependent or affected by developments in the financial markets. The fact that it is not prone to fluctuations allows policyholders to enjoy constant and predetermined premiums.

Guaranteed Universal Life Insurance also stands out in part because there is always a death benefit regardless of when the insured dies. In this case, one can select the maturity of the policy. Most seniors select the highest age possible to avoid the risk of outliving a policy. Outliving a policy many times forces people to repurchase the policy but at a higher premium. 

Guaranteed Universal life insurance is ideal coverage for seniors who wish to leave a legacy for their beneficiaries in the form of the final payout. The final payout can also go a long way in catering for medical and burial expenses in the end.

Whole Life Insurance

Whole Life Insurance provides coverage throughout the life of the insured. While premiums remain the same each year, the coverage tends to be more expensive compared to Term Life and Guaranteed Life insurance coverage.

Whole Life stands out in part because there is always a payout regardless of when the insured dies. In addition, it comes with a provision that allows borrowing against the policy to cater for expenses such as medical bills of the insured. Borrowing against the value of the policy reduces the death benefit.

There are three types of Whole Life Insurance:

Traditional Whole Life insurance

This type of Whole Life Insurance comes with a guaranteed minimum rate of return on the cash value portion of the policy.

Interest Sensitive Whole Life Insurance

Unlike Traditional Whole Life, it does not come with a guaranteed minimum rate. Instead, it comes with a variable rate on the cash value portion. It stands out in part because the insured can increase the death benefit without raising premiums.

Single-Premium Whole Life Insurance

Single Whole life Insurance is ideal insurance coverage for people with large sums of money that would wish to purchase a policy up front. The policy accrues cash value and comes with a tax shelter on returns. 

Get What You Need and Nothing More 

The reality of the situation is that the right coverage for you will depend on your specific situation. Work with a pro and get their help in shopping around for the best product, with the best company, at the best rate. An independent agency will be able to do the shopping for you without any extra cost to you. Get coverafed and protect your family! 

Uncategorized Editor Thu, 10 Oct 2019 22:31:21 -0400
Your Guide to Mitigating P2P Lending Risks If you are planning to enter the P2P lending industry as an investor you must be aware of the fact that the risk is higher as compared to investing your money with traditional financial institutions. While P2P platforms promise you higher returns and ease of investments they do not guarantee your investments like in case of other investment options. But if you are smart enough with your choice you can very easily reduce P2P lending risks. Here we look at some of the ways in which you will be able to mitigate risks and see your investments grow exponentially.

Choose Platform Carefully              
Before you start investing on a P2P lending platform you need to choose a platform wisely. The first step to this process is verifying the reputation of the platform you are planning to invest your money in. How big is the platform in terms of their overall volume? What is the percentage of defaults? What measures do they adopt to reduce P2P lending risks for their investors? You need to find answers to these questions before you put in your money.

Understand The Platform
Next you need to get yourself acquainted with the platform.  Now the working model of the P2P lending platforms can be as varied as their names and this is where it is important for you to clearly understand how the platform works. How do they segregate the different groups of borrowers? How do they identify the risk quotient on the borrowers? Do you have the option of choosing the borrowers or in other words avoid your money going to borrowers whom you assume to be risky?

You should try to understand how the online P2P model works before lending money on it. An investor should be aware how the money is lent on the platform and what are the risks involved in lending money on the platform.

Do not hesitate to ask the P2P player about the overall volume, defaults, recovery process and likely returns. You can do your own research or simply contact the P2P Company through emails, chats or phone calls.

What is an Effective Presentation?               
An effective presentation is one that establishes strong relationship between the presenter and the audience. In these presentations the speaker prepares the content based on the needs of the audience, their knowledge levels and most importantly creates opportunities for interaction and engagement with the audience. The presenter must focus on inspiring confidence among the audience and achieve the objective of the presentation through discussions and feedback. 

Steps to Planning an Effective Presentation               
It goes without saying that an effective presentation requires meticulous preparation. In today’s world most presenters leverage technology to make their presentations engaging and effective. The use of a Presentation Management System allows you to make the whole presentation inspirational for your audience and also allows them to engage easily. Let us walk you through few easy steps of preparing an effective presentation –

  • Know Your Audience– The first step to preparing for an effective presentation is to have knowledge about your audience. You need to know who they are, their age groups, social stature etc. You need to be aware about their knowledge and familiarity with the subject to be presented during the presentation. For instance if you are speaking about astronomy your presentation for students would have to different for one in front of the scientific community. This knowledge is important as it will help you prepare the kind of presentation that is aligned to the needs, knowledge and aspiration of your audience.
  • Create Quality Content - Why you are making your presentation? You need to find answer to this question before you start working on the content of your presentation. The correlation between the content and the objective is often the difference between a boring and an engaging presentation. Once you have defined your objective you can start preparing the content. Here are few things you need to keep in mind –

    • The information/data that you want your audience to understand
    • The actions/decisions you want them to take after making your presentation
    • The best methods in which the content can be created to meet these goals

The best presentations are the ones where there is lot of visual content. The use of charts, graph and other audio-visual components makes the presentation interesting and engaging. This also saves you from having to explain the minutes of details reading out paragraphs of text. Since Presentation Management Systems support different types of file systems you can easily incorporate images, videos or audio files into your presentation. If you are big fan of Microsoft PowerPoint or other similar tools you can create content using these tools and easily upload them into the PMS.

  • Focus on Quizzes/Polls- To maintain high level of attention among your audience throughout the presentation you can focus on including periodic quizzes and polls during your presentation. Audience Response Systems and mobile applications allow you to conduct these polls and quizzes easily. The results for these can be displayed on the big screen immediately. Apart from engaging your audience this also ensures you would be able to ascertain your audience’s level of knowledge, knowledge retention of what you have presented and also the opinion they have with respect to your presentation.
  • Run Tests – If your presentation is a part of training or educational program it would be wise to incorporate small tests during the presentation. This will allow you to assess your trainee’s midway through the presentation. Along with this you will also be able to revise some of the complex concepts presented where the students are facing difficulty.
  • Encourage Questions & Feedback – The idea behind using a Presentation Management Systems is to break the monotony of traditional presentation. Don’t let your audience sit at the venue as passive listeners but make them an integral part of the presentation. Encourage them to ask questions where the Audience Response System can be used. This will allow you to resolve their doubts and queries and also add new and meaningful ideas to your presentation that benefits everyone. Similarly you should ask all the attendees to share their feedback at the end of the presentation as this will improve your own standing.

To conclude an effective presentation requires meticulous preparation and you need to prepare one thoroughly and make use of the features and the possibilities offered by a Presentation Management System.

Summary – In this write-up we discuss some of the ways in which an effective presentation needs to be planned and how it can help you engage your audience. 

Uncategorized Editor Thu, 19 Sep 2019 08:09:12 -0400
What Are Some of the Best Bitcoin Exchanges in the Market? Buying and selling Bitcoin had never been easier than today, given the huge number of exchanges that had been launched in the past few years. However, given the lack of regulation we have in the cryptocurrency area, choosing a suitable platform may prove to be a hard task.

That is why we would like to talk about some of the best Bitcoin exchange platforms, places that had already proven to be reliable and that come with a competitive offer for their clients. Whether you want to make purchases online and avoid big banking fees, if you think Bitcoin is a long-term store of value, here some of the best places to buy/sell Bitcoin.

Local Bitcoins

Based in Helsinki, Finland and founded in 2012, Local Bitcoins is the most popular person-to-person Bitcoin trading site. As opposed to the traditional exchange platforms, with this website you can buy Bitcoin from people like yourself who want to sell it. In case you want to be a seller, you can simply sign up for an account and someone interested will contact you, if pricing is affordable.

The main advantage of using Local Bitcoins is that you will be able, from time to time, to find offers that are better than the market price. As a result, you will be able to buy Bitcoin cheaper. The website has a user-friendly interface and it does not matter whether you don’t have experience in dealing with cryptocurrencies.

Fees are relatively low and the website had already established a strong reputation in the industry. Unfortunately, you’ll only be able to buy and sell Bitcoin, since Local Bitcoins does not have support for any other cryptocurrency.


Headquartered in San Francisco, California, and also founded in 2012, Coinbase is currently one of the biggest Bitcoin exchange platforms in the world. Although it started by offering support only for Bitcoin, Coinbase currently has support for 16 different cryptocurrencies, meaning you’ll be able to switch from Bitcoin to other token and vice versa, without having a fiat transaction in the middle.

With more than $150 billion worth of cryptocurrencies exchanged so far, 102 countries supported, and 30+ million customers, Coinbase is one of the safest places to transact with Bitcoin. What stands out with the company is the attention it pays to be regulatory compliant. It had been one of the few companies advocating for a strong regulatory framework for cryptocurrencies and it is own for its strong ethics.

Its only downside is that it does not offer support at a global scale and if you’re not living in one of the countries supported, you’ll have to find other exchange.


Founded in 2017 and with headquarters in Malta, Binance is a global cryptocurrency exchange that provides support for Bitcoin and other 100+ cryptocurrencies. According to the latest figures on, Binance is the second-largest exchange in the world by daily adjusted volume. Close to $700 million worth of cryptocurrencies is being exchanged on the platform each day.

Although it provides access to a wide variety of cryptocurrencies, it does not support fiat deposits. There had been some controversy lately about a system hack that had been solved in the end, but the fact that Binance is headquartered in Malta, an island known as some sort of safe-haven, should raise some questions about its compliance with the regulation.


Kraken is another pioneer in the cryptocurrency exchange industry, being founded in 2011. Based in San-Francisco, California, the platform offers access to a wide variety of Bitcoin and Altcoin pairs, while also allowing clients to fund their accounts with fiat via bank or wire transfers.

Widely-known for its relatively-low fees, Kraken continues to have a rich clientele, since only people from Afghanistan, Cuba, Iran, Iraq, Japan, North Korea, and Tajikistan are not allowed to open an account.

Suitable especially for cryptocurrency trading, with Kraken you will be able to profit from the short-term price movements of Bitcoin, as well as of other popular or less popular cryptocurrencies.

Headquartered in London, United Kingdom, was founded in 2013 and it was one of the few cryptocurrency exchanges that allowed quick deposits using credit/debit cards. In the beginning, it only had support for Bitcoin, but now 12 cryptocurrencies are being supported by the platform.

What’s even more important is that you’re dealing with fiat cryptocurrency pairs, no stablecoins or other weird coins used to set the quotes. If you want to buy or sell Bitcoin fast, then is another suitable place to do it. USD, EUR, GBP, and RUB pairs are currently supported by the platform.

Given that you are able to deal with fiat pairs, is among the few cryptocurrency platforms compliant with KYC and AML regulation and thus far had not been subject to any major security issue.

Uncategorized Editor Mon, 02 Sep 2019 16:58:00 -0400
Using Mortgage Brokers in Canberra for Your House Investment Sometimes in life you may feel the need to apply for a loan. It may be to fulfil any type of requirement. A common type of loan that people normally apply for is a mortgage loan. If you also wish to get a mortgage loan, then it will be a good idea to seek help from a professional Mortgage Broker Grapevine Canberra. The professional will originate, negotiate, and also process the mortgage commercial or residential loans on your behalf. There are several benefits of hiring such as professional to get a proper mortgage loan. It may so happen that you may not be aware of these benefits. Thus, some of these benefits have been discussed below for your knowledge.

  • Provides You Access to Hundreds of Loan Products: One of the key benefits of hiring a mortgage broker is the wide array of mortgage loan products that he can present to you from different lenders. The more experienced the broker is and the wider the network of the professional, the better will your chance of getting a proper loan with suitable interest rates as per your needs.
  • Get the Deal with The Most Advantages: It is needless to say that a mortgage broker will represent your interests rather than the interest of a lender. Apart from being your agent, the professional will also act as a problem solver and a knowledgeable consultant. Since the professional will have access to a wide range of mortgage products, he will be in a better position to offer you the best possible value in terms of repayment amounts, interest rates, and loan products.
  • Has Proper Expertise and Flexibility to Fulfil Your Needs: Any good and experienced mortgage broker will navigate you through any situation, smoothen any bumps in the path, and handle the entire process. Even if you need a loan amount that exceeds the maximum loan granted by any bank, your mortgage broker can help you obtain proper financing with his ability and knowledge.
  • Saves You Plenty of Time: Time is rather important in every person’s life. If you have to apply for a mortgage loan on your own, you will have to fill up several forms and make numerous visits in order to get your loan application approved. However, if you hire a mortgage broker, you simply need to fill up one application instead of filling up forms for different lenders. The specialist will provide you with a formal comparison of any recommended loans and also guide you to the various information that may accurately portray cost differences.
  • No Hidden Costs and Saves You Money: Lenders provide loan offers to a mortgage broker in bulk. Thus, these professionals can provide you with the best possible rates that are available in the market. As a result of this, the total loan will cost you lower than the average rate. If you talk to a reputed mortgage broker, you will come to know the way they are paid for their various services, as well as, the details pertaining to the total cost of the loan.
Uncategorized Editor Fri, 23 Aug 2019 06:13:50 -0400
6 Reasons Personality Tests for Employment are Essential Hiring new employees is an essential part of success for any business. Some companies do it better than others. If you are in the process of hiring employees, using a personality test for your candidates can pay big dividends. Why would you want to use a personality test for your job candidates? Here are 6 reasons that personality tests like those offered at Berke are a must. 

  1. Figure Out Who You're Dealing With 

During an interview, a job candidate can mask who they really are relatively easily. The front that they put on during an interview is easy to fake. A shy person can seem outgoing. A disorganized person can seem like they really have it together. When you complete an interview, you might have a completely inaccurate view of who a candidate truly is. By giving them a good personality test, you should be able to figure out what type of person they really are. 

If you don't really know who you're dealing with, it's difficult to find good candidates. There are few things more frustrating than hiring someone and then finding out that they aren't who you were expecting during training. Give them a personality test and get the real picture early on in the process. 

  1. Save Yourself Time 

If you don't know who a person really is and you hire them, it will inevitably waste your time. Additionally, you'll be wasting the time of the person that you hired. They may not have been consciously putting on a front during the interview. They get hired for a job that they aren't a match for, expecting to do well. Then when they start training, they quickly realize that they aren't where they need to be. By giving candidates a personality test, you can save yourself and them some time. 

  1. Find a Good Match 

Not everyone is good at every type of job. For example, if you're trying to fill a sales role, you may not want to hire an introvert who doesn't like to talk. Take some time to figure out the type of personality that you need for a particular role. You can then give candidates a personality test and then know who is the best candidate for that role. If you can successfully match up the personality with the job opening, you're going to have much better luck at finding the right person for the job. 

  1. Let Them Know You're Serious 

By issuing a personality test, you convey to the job candidate how serious you are about finding the right person for the job. There are always those candidates who aren't really serious about the job, but apply for various reasons. They may be trying to find out information about the job, meet unemployment requirements, or not really be that interested. If you tell them early on that they're going to be taking a personality test, they might drop out before you even get that far. If you can weed out some of the poor candidates early in the process, you'll save yourself a lot of headaches and frustration. 

  1. Find Out What They Can Do, Not What They Claim to Have Done 

Giving a candidate a personality test will help you determine exactly what they're willing to do. In a job interview, people will say anything. They'll tell you that they're the greatest at whatever task you need them to be good at. A personality test will help you drill down to the facts. For example, if you need a project manager that is detail-oriented, the personality test can help you figure out if they actually are. Anyone can claim to be detail-oriented, but the test will tell you if they are. 

  1. Eliminate Personal Biases 

Sometimes, an interviewer gets the wrong impression about a candidate. It may be because of unconscious biases. This can lead to the company making the wrong decision about a person. By issuing a good personality test, you can avoid making bad decisions because of unknown bias in the interview process. 

Overall, using these types of assessments can benefit your company tremendously. Take the time to add this tool to the hiring process for your company and you'll start making better hiring decisions.

Uncategorized Editor Fri, 09 Aug 2019 17:48:46 -0400
Is Taking Out a Loan to Pay Your Debt Worth It? Borrowing money to pay debts you can not afford to pay is typically never a good idea. In most cases, you simply transfer debt that you can not pay from one creditor to another creditor without addressing the underlying financial problem.

In the process, you could make your financial situation worse.

Of course, there are some exceptions to the rule. There could be a few instances in which a person might want to take out a loan to pay debt.

However, before doing anything, you may want to discuss your financial situation with a bankruptcy attorney just to ensure that you are making a decision that is in your best interest in the long run.

Let’s examine a few situations in which people commonly incur debt to pay debt.

Reverse Mortgages

Seniors who own equity in their home can access the equity to pay debts and living expenses through a reverse mortgage. With a reverse mortgage, the homeowner receives periodic or lump sum payments from a lender based on the equity in the home. The loan becomes due when the homeowner passes away or the property is sold.

While a reverse mortgage may provide income for some individuals who need money to pay living expenses, it may not be the best solution to a debt problem. In a bankruptcy case, the equity in the home is typically protected from creditors. Therefore, a homeowner may get rid of debts he or she cannot pay while retaining the equity in the home.

Low Interest or No Interest Credit Cards

If you receive an offer for a low interest or no interest credit card, transferring balances from credit cards with higher interest rates can save money and help you pay down debt faster. However, you must be able to pay the debt. If not, you are not resolving your debt problem. A Chapter 7 bankruptcy case might wipe out the credit card debt without any further payments.

Debts That May Not Be Discharged in Bankruptcy

Most tax debts are not dischargeable in a bankruptcy case. Alimony, child support, student loans, and some personal judgments may not be dischargeable in a bankruptcy case. It may appear that you have no choice but to borrow money to pay these debts. However, in a Chapter 13 bankruptcy case, you may have up to 60 months to pay these debts in full through a repayment plan without incurring additional interest or penalties. Chapter 13 may be preferable to borrowing money to pay non-dischargeable debts.

Reasons Why You Should Consider a Bankruptcy Instead of Borrowing Money

Before you apply for a new loan or incur more debt, you should discuss your financial situation with a bankruptcy lawyer if:

  • Your income has been reduced permanently, such as in the case of disability;
  • You cannot afford to pay your debts after you pay your living expenses;
  • You are using credit cards to pay normal living expenses;
  • You are facing a foreclosure, repossession, wage garnishment, or debt collection lawsuit;
  • You are selling property to make ends meet;
  • The interest rate on new loans is higher than the interest rate on your current loans; or,
  • You do not owe the money claimed.

About the Author:

John J Scura III, Esq.                                                                                                         
Partner, Scura, Wigfield, Heyer, Stevens & Cammarota, LLP

John has been Certified by The Supreme Court of New Jersey as a Civil Trial Attorney.  Whether it is a personal injury case, bankruptcy case, litigation case or other type of matter, John wants his clients to participate in the decision making process toward solving their problem in the best way possible.

Uncategorized Editor Tue, 06 Aug 2019 05:19:38 -0400
How to Help Your Business Get Out of Debt Running a business - any business - requires a lot of money. Most people start a business with the intention of earning more than they spend, but the truth is that it can, and does, take years for a business to turn a profit. What’s more, it may take longer than expected for prototypes, minimal viable products, and samples to be ready to show investors to actually get their hands on capital. Revenue from sales can also take longer once the business is fully operational and there are always bills to be paid right from day one. So how can your business get ahead, get out of debt, and continue to be prosperous before profitability? You need to work to get your business out of debt as fast as possible.

Business owners often work to pay day-to-day bills, keep loans and interest payments at bay, and focus on investing in marketing their products so they can turn a profit, but there are other ways to create room for money in your business. Paying down debt, for example, can free up a lot of your monthly expenditures over time and can save you thousands of dollars in interest payments along the way. Of course, finding alternative business funding options besides traditional bank loans are much more popular these days than they were years ago. That’s because business owners are learning about the lower interest rates, better advantages and perks, and the networking that comes with doing business outside of a banking institution. So the first thing you need to do to start wiping out your business debt is take a look at where you are banking and shop around for lower interest rates on all of our business loans and accounts.

The next thing you need to do is look at what you have purchased that is not necessary for the overall operation or success of your business. For example, if you run an online website selling products that are drop shipped from another part of the country, you don’t need a 10-office suite. You probably don’t even need 5 offices. Most online retailers startup running a tight ship and that means running a skeleton crew. If you can downsize your space and avoid hiring more people than are necessary, you can redirect that extra capital into your loan accounts to get rid of the debt. A few hundred dollars a month might not seem like a big deal, but it makes all the difference in the world to a new operation trying to keep its head above water and not get bogged down with ridiculous debt payments every month. Sure, you can claim the loan interest, but wouldn’t it be better to not have any loans at all? It’s amazing when your business can run debt free. It means you can make decisions on the fly, change at the drop of a hat, or move in a direction because you don’t have investments in your previous ways of doing things.

Another thing you can do to help reduce your business-related debt is to consolidate your existing loans into a loan with a lower interest rate. If this isn’t possible because you haven’t been operational for long enough or because you don’t have enough equity in your property or business, consider consolidating some of the loans at least. You might not like the idea of managing several loans, but if they are saving you money - literally, thousands of dollars in some cases - it’s worth the time and energy to maintain them over the life of the loan. Any money you save as a result of consolidation should be thrown right back into the loan payments to help pay down the debt that much faster.

Finally, you can sell the business. If running your business and servicing the debt is becoming too much for you to handle, you always have the option of selling the business, bringing on a partner to cover the debt, or looking for investors to pay it down so you can get back to doing what you do best. It’s not the ideal situation, but you might be so stressed out from running a business just to pay debt that you might not have even considered it was an option. Give yourself some time to mull over the options and do what is right for your business and your life. It’s easy for business owners to carry on down a path of resistance because they made a commitment to the business and their customers, but that cost is great in some cases and you need to make sure you are doing what is right for you, your health, and your bottom line.

Uncategorized Editor Mon, 29 Jul 2019 17:23:13 -0400
Bank on Genuine Debt Settlement Companies – Tips Identify Fraudulent Companies! Debt settlement companies are organizations that settle or renegotiate the terms of a debt that you owe to a creditor or a debt collector. There are credible and esteemed names that focus on your best interests. They have skilled and trained negotiators who will talk with the creditors on your behalf and come back with convenient debt repayment plans. When it comes to debt settlement companies, it is prudent for you to check and read customer reviews and testimonials online. Time and research need to be taken when it comes to choosing the best debt settlement companies for your needs.

Identify the risks of dealing with a fraudulent debt settlement company

Like genuine debt settlement companies, you will find there are fraudulent companies in the market as well. It is prudent for you to conduct research and only bank on certified companies for your needs. Though many companies will make the promise of settling your debts, if you are not careful, dealing with a debt settlement company can be risky as several companies are fraudulent and look for ways to cheat you. This is why it is important for you to check the credentials of these companies along with certifications so that you can get trusted professionals to manage your debts. If you are not careful, dealing with debt settlement companies can be very risky.

Understand debt relief with genuine debt settlement companies – Do not fall prey to fraudulent companies

Debt settlement companies are also called debt relief companies that negotiate with creditors for reducing the amount of loan that you owe. Here, you should consider all the options you have including joining hands with a credit counselor who is not on the lookout for profits. The counselor will talk and negotiate with the creditor directly. You too have the option to talk with the debt collector by yourself. Experts in the field say that you should consult a credible credit counselor to know about the risks that are associated with debt settlement companies that have been listed below-

  • Check the fees and the costs of debt settlement companies. Some debt settlement companies are very expensive, and the costs can really be hard on your pocket.
  • Another point you should be careful of is debt settlement companies will ask you to stop paying your bills relating to your credit card. If you do so, you will incur late fees, interest charges, penalties, and additional charges. This will prompt your creditors to start collecting debts from you. They will keep on calling you.
  • Often, it is found that some creditors will not be ready to work with the debt settlement company you select.
  • In most cases, debt settlement companies will settle only a part and not all of your debts.
  • In most cases, when you work with a debt settlement company, the experts will ask you to place money in a savings account that is managed by a third party. You will be asked to pay fees for using the account.
  • There are instances where working with a debt settlement company has led to creditors filing lawsuits against individuals that owe the debts.
  • The debt settlement company generally settles most or maybe all of your debts. The penalties and the fees accumulated on these unsettled debts may clean up any savings that the debt settlement company may have achieved on the debts that it has settled.
  • The use of debt settlement companies can adversely affect your credit score.

Avoid these mistakes when you are choosing debt settlement companies for your needs

You should avoid doing business with any debt settlement company that promises to settle your debts. Read debt settlement feedback of companies that you come across. Look out for the following-`

  1. Do not bank on any debt settlement company that asks for fees or any charges before it agrees to settle all your debts.
  2. Some debt settlement companies often lure individuals who have debts with government programs recently launched in the market to help you out of personal debts especially those of credit cards.
  3. These debt settlement companies give you the guarantee that they can wipe away all your debts.
  4. The first thing that fraudulent debt settlement companies will ask you to do is stop paying your creditors- this may lead to your creditor suing you.
  5. They will tell you they will completely stop lawsuits and all calls from debt collection agencies.
  6. Gives you the guarantee that your unsecured debts will be paid off at reduced rates.

How can you find credible and genuine debt settlement companies for your needs?

In order to find a genuine debt settlement company for your needs, you must compare brands and read expert reviews. Besides certifications, you should check their services. Reading honest customer reviews online will help you understand the nature of their services to individuals. When you are comparing debt settlement companies online, you should speak to the professionals here and ask them queries. See how they answer your questions. Good debt settlement companies will have a customer-oriented attitude, and they will provide detailed information on the debt settlement process. They help you in all fields and ensure that you get the best for your needs.

Wrapping things up

Therefore, when you are looking for a professional and genuine debt settlement company, ensure you keep these above tips in mind. They will help you choose a company that is reliable and genuine in nature. The experts of the company will keep your best interests in mind. They will negotiate with your creditor and help you legitimately settle most of your debts. Check their programs and choose one that promises to give you the convenience of debt elimination without hardships on your budget. Take time and never rush into finding the perfect debt settlement company for your needs. Be prudent and select a good credible company with positive reviews and customer testimonials always!

Uncategorized Editor Tue, 16 Jul 2019 08:49:11 -0400
The Ultimate Guide to Trading Psychology Trading Psychology is a term used to describe the emotional components of the trading world. Because markets are controlled by humans, there will always be a “human element” of trading that needs to be accounted for. In fact, it is largely because of trading psychology that markets move in unpredictable ways.

Trading psychology—which applies to both individual traders and “the herd” as a whole—can exaggerate price trends and misdirect traders away from potentially profitable possessions. Due to the forces of trading psychology and herd-like momentum, price trends will often overshoot what the underlying asset is “actually” worth.

One example where the impact of trading psychology is especially apparent is Bitcoin. Over the course of 2017, Bitcoin increased in value from around $900 to over $19,000. By the end of the next year (2018), Bitcoin would experience a sharp decline and drop in value to around $3,000. While there are obviously many reasons why these price trends played out the way they did, there is no doubt that trading psychology was a major factor.

In the Bitcoin example (which can also be seen among many other cryptocurrencies), traders opened positions as soon as the market “seemed” hot and closed positions as soon as the market “seemed” cold. Both technical and fundamental indicators at the time suggested these price swings were far beyond what was “natural”—however, the psychological forces of the many traders in the industry would ultimately prevail.

Trading psychology can typically be broken down into two emotional states: greed and fear. Greed causes traders to hold positions for longer than they should and fear causes traders to exit positions far earlier than can be justified on paper. If you hope to become a successful trader, both of these emotional states will need to be openly acknowledged.

Protecting yourself from Greed

Despite Wall Street’s (film) Gordon Gekko’s famous saying, “Greed is good”, there is no doubt that greed is something that needs to be actively managed. Greed may be good in the sense that it ought to drive you to strive for maximum returns on your investment. However, greed can also blind traders from seeing when their positions need to be closed out—greedy traders may take on disproportionate levels or risk and miss on out possible profit points.

Fortunately, there are many things traders can do to protect themselves from the risks of greed. The first thing you should do, when trading in any speculative market, is to determine stop order levels before you’ve opened a position. By identifying acceptable exit points in advance, you can protect yourself from chasing profits that are incredibly unlikely to materialize. You’ll still be able to profit from your positions, yet, risk will be effectively managed.

Another way to protect yourself from greed is to choose a few reliable technical indicators. If holding a position cannot be justified on paper, then you should probably let the position go. Technical indicators—such as the relative strength index, Bollinger Bands, and various moving averages—will make it much easier to see if your hopes are supported by reality.

Combatting Fear

When compared to greed, fear is a much more difficult component of trading psychology to manage. One of the most forms of fear is the fear of missing out (FOMO). After traders have seen a stock or speculative asset skyrocket in price, they may be tempted to open a similar position of their own. However, by the time this trend has been noticed, it may already be too late. If technical indicators do not support the trend continuing, these positions will need to be avoided.

On the other hand, once a position begins to lose money, you may be tempted to exit early and cut your losses. However, while this may sometimes be necessary, excessive amounts of fear can cause you to exit when prices are at their absolute lowest points. Using stop losses and various technical indicators (particularly channel indicators) will once again be helpful. It will also be important to recognize that instead of trying to win every position you open, you’ll be much better off striving to win as many positions as you can. When all else is equal, two losses and ten wins will be much more profitable than five wins alone.

Outsmarting “The Herd”

Generally speaking, traders as a collective tend to be quite dramatic. In bullish markets, prices will tend to shoot far beyond their natural levels and in bearish markets prices will shoot far below these levels. Opening positions towards the edges of trading channels can help you enjoy a low-risk return back to the expected norm.

In order to exploit the weaknesses exposed by trading psychology, you may want to develop a contrarian trading strategy. Contrarian trading is especially useful when certain news stories begin to break. If a negative news story—such as an accident or a scandal—emerges, many investors holding long positions in the corresponding company will decide to “jump ship.” However, this decision to leave is rarely justified by actual changes in the company’s value. Following the price drop, contrarian traders will enter into a long position and, after a few days, prices will likely increase.


In order to become a successful trader, you will need to account for as many trading variables as you feasibly can. Trading psychology is a variable that many traders tend to overlook. As long as you can address greed, fear, and the often misdirected will of the herd, you can maximize your potential for returns while minimizing your exposure to risk.

Uncategorized Editor Wed, 03 Jul 2019 10:31:14 -0400
Top Benefits of Money Management Apps and Essential Features Managing your money is no easy game. Today, we are living in an age of subscription services. You need to take care of numerous things when your finances are involved. Today, balancing your accounts is out of fashion. Wealth management apps have taken their place to keep you stress-free financially. The best way is using topnotch money management apps. These tools will help you keep track of your money, investments, and expenses like a financial advisor. There is no doubt about the same.

You will also find apps that offer benefits like financial management, payment of bills, and preparing a budget to help you make both ends meet. According to an article published in, there are tools to manage your money efficiently.

When you have debt, keep your cool and sit down to face the situation. It is your loan and you will pay off to your creditors. Based on the findings of the Federal Reserve, student loan amount to $49,042 for every US household and the average US mortgage loan is approximately $172,806. The problem is not the debt but the way most people avoid the same. If you do not figure out how to pay off your creditors fast, the problem will linger and your outstanding balance will keep shooting up. Therefore, read on to learn more about the top benefits and features of money management apps.

Error-free bills

You pay numerous bills in a month. The grocery bill, utility bill, telephone bill, cable connection bill, and so on. The list is endless. Then, if you create these invoices manually, there are chances of mistakes creeping into the same. That is why; you need bills generated by web apps that are free of erroneous entries.

No matter how good you are at calculation, a manual bill will have mistakes. There is no way you can deny the fact. You remember the famous saying “To err is human.”  Managing all bills in a month manually will leave you in a crisis. There is no doubt about the same. This was your personal bills.

When it comes to your business, missed collectibles will add up to your losses. That is why you need money management apps to avoid manual errors.


When it comes to money management apps, they are easy to use with a simple and appealing interface. Moreover, the features and interface offer your business the information that you want to assess. You can access all details quickly without any issues. The features such as real-time reporting together with other benefits will let you compute things like taxes and fees accurately. You will also be able to forecast asset management cash flow and tax returns. All of it leads to more transparency in your business transactions like never before.

Whether it is any dealings with your partners, suppliers, or employees, using money management apps help you maintain 100 percent transparency in all your financial transactions. There is no doubt about the same.

Besides, if you have any business loan from, use the best money management app to monitor your expenses so that you can repay your debt quickly.

Enhanced productivity

Your business cannot thrive without productivity. That is the reason why you need money management apps. When it comes to personal finance apps, they help you manage your money well. The same rule applies for apps that help you boost your business productivity.

When you use such apps, half the workload of your company will be reduced and you can use the saved time to finish other mission-critical tasks. Try these apps and you’ll be surprised by the outcome.

Less use of resources

When you have a business to operate, resources play a significant role to determine whether your venture is running profitably or not. If you have moderate work and more staff to manage the tasks, it means you have surplus employees. This is where the importance of accounting tools comes into play. You can install the same into your business’s financial system. Now, what does that imply? It means you will need to hire fewer employees to maintain an application. It translates into less hiring expenses.

It will help you operate your business cost-effectively, thus benefitting your venture to deal with various aspects of your business processes.

Strategic planning

When you are in business, a little planning and forethought go a long way in reaping the maximum benefits. When you plan, it helps your business to have a solid foundation and come up with promising strategies for future expansion and growth. It benefits both the company as well as the staff.

Moreover, with plans ahead, your business will help your executive estimate, assess possibilities, analyze situations, and weigh the risks and benefits. It will let them develop tactical strategies based on the current market and financial condition of your business. That is the best way to invest further in the business and diversify for increased revenues.


Budgeting: When you have a financial tool or app in place, it will help your business to assess and compute the financial performance in a particular year. Why this year alone but also forthcoming years? Your business can use the app data to estimate realistic and expected sales targets as well as the revenues from such proceeds. Such a feature usually comes as a bundled module along with the money management tool. 

Inventory control: The right tool will help your business to control stock and initiate all tasks associated with inventory management. When you know that you are running out of stock through app alerts, you can restock your goods before they exhaust. This way, there will be no customer dissatisfaction, delivery issues, and under-stocking of your products.

To cut a long story short, efficient inventory management is one of the greatest benefits of any business application or tool. Today, with innovative technology, the apps are high-end and integrate the best features to take your inventory management to the next level.


With money management apps, your business brings all processing and systems under a single platform. Use the right money management app and see the results. You will gain.

Uncategorized Editor Tue, 25 Jun 2019 10:43:14 -0400
Finding Out The Money Saving Ability Of Debt Consolidation Most people take on debt consolidation as an option to get rid of their debts because they think that they will save a lot of money this way. Well, most of the times it does but that is not due to the features of this tool alone but it is also largely dependent on your behavior.

Debt consolidation is ideally a tool that will reduce your debt stress making it much more manageable but in no way it will reduce the actual outstanding debt amount that you have currently. Therefore, how do you save money? Well, to understand that you will need to delve deep into it.

  • If you go by the definition of debt consolidation itself then you will see that its primary focus in not on saving you money much as it is on reducing your number of debts that you currently have against your name.
  • That means if you go through the process of debt consolidation it involves turning five debts into one single debt and this certainly does not reduce the amount that you have to pay.

With that said you need not feel disheartened. When you choose debt consolidation as an option for your debt relief and choose some of the best debt consolidation loans, you will surely end up saving a lot of money both now as well as in the years to come down the road.

Save money from different sources

Ideally, a debt consolidation loan comes with a low rate of interest but provides you with the desired amount of money to pay off all your loans. Since it also comes with larger loan tenure and better loan terms you end up:

  • Paying off your existing debts at once
  • Carry on with one single debt now
  • Get out of is faster for its favorable terms and
  • Pay less money in turn due to its low interest than you would have otherwise.

That means you will save money from different sources when you take out a debt consolidation loan that includes lower interest rates and monthly payments apart from a radically reduced debt load overall. No wonder sites like seconds for debt consolidation option instead of debt settlement or bankruptcy.

Different variations of debt consolidation

However, there is something that you should know at this point. It largely depends on the type of loan you have taken out when it comes to determine how these savings are going to happen.

There are quite a few variations of debt consolidation and all will have a different level of ability to save you money considering the best-case scenarios.

Debt consolidation is rather a wide umbrella that involves a few methods that are more popular than the others and it all depends on the amount of money saved by these specific forms of it. These different forms are:

  • Balance transfer credit cards
  • Unsecured personal loans
  • Debt management and
  • Debt settlement.

All of these options will have different features which will eventually determine how much money you end up saving.

  • With balance transfer credit cards option you choose a new card that has preferably a 0% introductory interest rate and a high potential spending maxim. This will limit or eliminate the amount of accruing interest when you use these cards thereby saving you a lot of money. The rate of interest on credit card debts can range anywhere from 18 to 36%! Therefore, you save a quite a lot of money if you repay the balance within the introductory period. However, make sure that you do not use the card actually as well as other cards to ensure that you save quite a lot of money.
  • If you take out unsecured or even a secured personal loan on the other hand to consolidate your debts, which ideally is the most common process you save a lot of money due to the much lower rate of interest that it carries. This lower rate will reduce the total amount of money you end up paying for this loan over time. In several cases, it may also reduce the total amount you pay to your creditors each month. That means though a single loan payment may be much higher than one single credit card payment, when you combine several credit card debts into one personal loan, you will save a lot of money each month apart from get out of your debts much faster paying less.
  • Debt management on the other hand means working with a credit counseling company. They will help you to manage your outstanding debts no matter how overwhelming or unmanageable the amounts of debts may seem to you. Though not always, most of the times these companies are non-profit organizations. This means you save on the fees of hiring such professional and expert service. Their programs come in two parts: providing simple financial education and enforcing financial discipline. You will make a single monthly payment to them which they will distribute to your creditors, which is where you save your money once again. They are adept in negotiating with your creditors to win concessions in the form of reduced interest rates or reduced overall debt even.
  • Last but not least, debt settlement is another option that will save you a lot of money. This option is much similar to debt management plan but in here you pay the third-party company every month a set amount instead of your various creditors. They will negotiate with your creditors for a reduced amount essentially consolidating all your debt at the same time. It is much more aggressive and therefore comes with much more savings than debt management plan.

Which option you will choose to save money the most will depend on your choice and preference and also on your financial affordability. However, using a debt calculator to crunch the numbers will help you to make the right choice. This is a simple tool to use with a built-in formula that will do the calculation for you. All you have to do in punch in the numbers.

Uncategorized Editor Tue, 25 Jun 2019 10:35:59 -0400
Starting a career in money lending? Important steps to consider Today, many people want to venture into the world of money lending! Over the years, there have been various banks and financial institutions that have granted standard loans. But when it's a smaller amount to fund a start-up, banks at times fail to understand and cater to the borrower need. Or even if the borrower loans out a certain sum of money, the loan repayment terms and interest are not very easy.

This scenario has compelled many people to start their career in money lending! The thought is exciting, and the business reviews suggest that it's a profitable business. But when you get to work, you know that effective planning is essential.

Building a career in money lending or starting a money lending business careful planning. Before you start, you can read about successful companies who have established their names in the money lending arena. To know more about this, you can read more on Liberty Lending.

Also, you need to follow some essential steps to get started. You can refer to the crucial steps mentioned below.

  1. Raise the lending capital

You need to acquire sufficient capital from somewhere to start your money lending business. Earlier, there were ace venture capital investors who helped interested business persons to get started. And unless you are into pay-day loans, you need to source out money beforehand. Today, raising the lending capital has become simpler. However, it still is one of the most challenging aspects. To expand your business, you require a talent pool of capital markets. It will make sure that you are equipped with sufficient lending capital, which doesn't cost much.

The reputed banks today have their deposits, which source from people’s savings account. And for this, they pay even lesser than 1% every year. On the other hand, prominent non-banks can borrow money at the same rates. Hence, any start-up will always be at a disadvantageous position here. It is because they need to borrow at a very high rate. The other option is they might lend from their balance sheet.

Additionally, cheap capital is essential. However, it's not a necessary ingredient to succeed as the reputed market players are paying close to nothing for the capital. Hence, it is essential to connect with people who want to pay a huge amount for you to loan money. It is one of the pre-requisites to start a money lending business.

  1. You need to acquire the customers

The moment you have enough capital to start your business, you need to hop to the second step! You have to begin customer acquisition. Sometimes, it is a costly process. But to get started, you need a correct and distinctive customer acquisition strategy. It is the secret to your money lending business start. Make your strategy unique to your set of needs and business objects. That makes gives the plan its distinctive "trait" and makes it hard for any other start-up to copy your strategy. Useful customer acquisition channels usually come from the following:

  • A particular customer profile

Do you have a customer segment? If not, you need to create that right at the start. You can have students, budding artists, aspiring business owners, and entrepreneurs as your target audience. It will enable you to advertise on the main channels that come cheap. Try and customize the marketing materials to sync in with the target customer profile. So, when you finally advertise on the main channels, the conversion rates are more instead of the conventional lenders. Also, when you have your specified target customers, you get an underwriting edge as well. It will enable you to lend at lesser rates as compared to any other.

  • Consider the location

It indicates that you can provide the loans in a site which isn't accessible to other lenders. It generally is a blend of business relationships and technology. An excellent example would right during a conversation with an ace contractor for a home remodeling project.

  1. Underwriting the borrowers

The process of underwriting is another way to outshine the reputed lenders. When you opt-in for excellent underwriting it helps in two things:

  • You can lend to those customers who others have rejected
  • Providing improved interest rate to a chosen category of people

You can get this done via distinctive data sources, superior business perspectives, and insights, and implementing an excellent business model. Also, you need to provide excellent facilities for the customers for repaying loans.

  1. Retaining your customers

It is essential to keep your customers to grow your business. For this, you need to set up an excellent customer care department, which can take in customer queries and address it to their best capacity. Also, you should try and loan out small amounts that small start-ups might require. Usually, reputed and big banks decline the small start-ups. When you provide them better loan scopes and interest, it will act as word of mouth publicity for you. Your existing customers will stay, and the publicity will fetch you more clients.  You can also revise the penalties and not make it as harsh as other established banks or financial institutions.

  1. Get the technology correct

If you want to be a success in the money lending business today, you need to get a website. It will be a point of reference for your existing as well as potential clients. Make sure that your website contains the necessary loan and your contact details. Also, mention your business objective and the loan acquiring process. It will make your website reach to the correct candidates. Upload any forms and documents that your customers must read before applying for a loan. Also, keep a customer query channel or mention an email address, where interested customers can write to you. You should also secure your website with the correct encryption method so that users can navigate through a secure site.

These are some of the essential steps that you need to follow for establishing a money lending business. You can start small, but it's essential to maintain quality service and be steady at your game. You can keep on implementing the best business practice that other leaders in the business have done to become successful.

Uncategorized Editor Tue, 25 Jun 2019 10:32:32 -0400
5 Ways to Invest In Blockchain Technology Today

As one of the hottest trends in the financial sector, blockchain technology has the potential to completely change traditional business models. Similar to large-scale digital spreadsheets, blockchain is shared by all members of the decentralized network. Typically associated with confirming Bitcoin payments, blockchain technology can also be used in other ways.

If you are considering investing in blockchain technology, you can start in the following five ways.

Stockpile Bitcoin

As prices are expected to rise, many investors have taken advantage of the opportunity to store Bitcoin as if they had gold.

Although they are two different types of assets, because gold is a tangible item and Bitcoin is not, the basic investment principle remains the same.

Blockchain pennies Stock

Believe it or not, there are penny stocks for cryptocurrency. In addition to Bitcoin, you can invest in many other types of digital currencies, including Altcoins and Litecoin.

Over the past few years, many alternative cryptocurrencies have been under development in an attempt to compete with Bitcoin and other devices dedicated to meeting the needs of Bitcoin.

Altcoin Crowdfunding

In order to raise seed money for various investments, crowdfunding has become a popular mainstream approach. If you want to participate in blockchain technology, you may need to consider a unique crowdfunding approach that uses alternative coins.

Using this investment method, the total supply of coins is pre-mined prior to the public release of the network, which is then sold under the initial coin offering, or ICO.

Angel Funding and Startup Ventures

While angel investment and entrepreneurship are not a new concept, one change that has begun to gain traction is investment in start-ups based on blockchain technology.

As Bitcoin became more popular and accepted by more mainstream businesses, the number of entrepreneurs interested in the technology surged.

Pure Blockchain Technology Play

The number of pure blockchain technology is increasing. Companies like hashing Space Corporation, Global Arena Holding, and BTCS, Inc. are fast becoming well-known brands in the field.

For example, BTCS protects blockchain with its unique transaction validation service. While many people believe that blockchain technology and cryptocurrencies are just a fad, these technologies continue to gain momentum and have the ability to change the world as we know it. The decision to participate in the boom in blockchain technology could yield huge returns.


Cryptocurrency and blockchain technology is very new to many people. When it comes to investing in blockchain technology and cryptocurrency, there are actually many different ways to do so. In this article, we have listed some different approaches for crypto and blockchain investment. To learn more, you can keep an eye on recent news and updates for blockchain and cryptocurrency. Hopefully this article can serve as a starting point for people interested in this field!

Uncategorized Editor Mon, 03 Jun 2019 02:37:46 -0400
Will China Change Its Approach to Bitcoin? Since September 2017, Chinese regulatory started a standoff against digital assets, after deciding to ban Initial Coin Offerings (ICOs) and termed it illegal. At that time, the decision made the price of Bitcoin drop by 6%. The situation escalated in February 2018, when the Popular Bank of China (PBOC) made another move.

As the central regulatory authority that regulates financial institutions and drafts the monetary policy of the country, it blocked access to all domestic and foreign cryptocurrency exchanges and ICO websites. No changes to that approach occurred up until recently when a Chinese official mentioned that “occasional” Bitcoin trading is not illegal.

A new rhetoric?

Sa Xiao, a council member at the Bank of China Law Research Association, made some interesting remarks, suggesting that China’s regulation on the virtual property includes the right to trade it. He also mentioned that ownership of cryptocurrencies, including Bitcoin, had never been forbidden by law.


The new approach comes in contradiction with the official measures taken by public authorities. Although Chinese citizens were still able to buy Bitcoin online, despite the ban, using VPNs or other methods to cover their identity online, this could mark the beginning of a transition.

Price trades around 2019 high

Although the chances of a total reversion of the steps taken in the past two years is very unlikely in the near term horizon, the Chinese market could have a huge contribution in supporting the price of Bitcoin. With 1.3 billion people, the demand side could be hugely influenced. Digital assets represent an alternative for people in China since the population had limited access to banking services.

In the meantime, the Bitcoin price continues to trade very close to 2019 high, which located at $8,388 on the Coinbase exchange. As the Atecs Capital weekly market review stated, the momentum in Bitcoin had been very strong for the past two months, pushing the price towards levels not seen since mid-2018.

Weekly LocalBitcoins volume charts show that even though Bitcoin trading in China dropped significantly since the end of 2017, a slight pickup can be noticed since February 2019, when the Bitcoin price was already building on the upside. Increasing demand from China will have a significant impact on the future performance of Bitcoin, as the current price action performance show there is still little interest from sellers, even in these overbought conditions.

Uncategorized Editor Thu, 30 May 2019 12:17:10 -0400
An Investors's Guide to Trading Crypto Currencies If you are new to crypto currencies, its important to understand the driving forces behind these products. Crypto currencies have been around for a decade starting with the most popular crypto currency - bitcoin. There are several different crypto currencies you can trade, but many are illiquid and do not provide the necessary bandwidth, to enter and exit the market. There are several ways you can trade the crypto currency market, including holding the address in a digital wallet to using a CFD broker to trade specific crypto currency pair.

What is a Crypto Currency?

A crypto currency is a decentralized currency that is not run by a sovereign central bank. Crypto currencies are not attached to countries and therefore there is no interference by an authority to manage the currency to enhance the trade balance within the country or union. Each crypto currency is designed to perform a specific function. For example, some are geared to payments, allowing users to buy and sell goods and services. Other crypto currencies allow users to purchase smart contracts on certain platforms.

How is a Crypto Currency Traded?

Crypto currencies are purchased and sold by users and investors. The value of a crypto currency is determined by the market. Most crypto currencies are traded versus fiat currency, such as the dollar, the euro or the yen. For example, Bitcoin, the most popular crypto currency, might be quoted in dollar terms.

There are two main ways that crypto currencies are traded. The first is via a wallet. To purchase a crypto currency you need to deposit fiat currencies into an account. You can then exchange your fiat currency for a cryptocurrency. When you do this, you receive an address with an amount of crypto currency. If you plan to purchase items with your crypto currency this process is a must.

An alternative way to trade crypto currencies is to trade contracts for differences (CFD), on a crypto currency trading platform. Several reputable brokers offer crypto currency CFDs. A CFD tracks the movements of the underlying asset allowing a trader to invest in this financial instrument without owning the underlying asset. Additionally, the liquidy in CFDs can be significant allowing traders to easily enter and exit the crypto currency market without experiencing significant slippage. The commissions on CFDs are also low relative to crypto currency commissions. Some digital wallet operators will charge up to 3% per transaction, compared to CFD brokers which offer a very tight bid/offer spread.

What Strategies Can You Use to Trade Crypto Currencies?

While there are some fundamental strategies that focus on crypto currencies, such as new ETFs, or payment processing alliances, the most complete strategies are technical analysis strategies. You can use trend following strategies, momentum strategies or mean reversion strategies. Many traders use moving average crossover strategies to capture trends, the MACD (moving average convergence divergence) index to captures momentum, and the fast stochastic or the relative strength index to measure mean reversion.


There are several different crypto currencies you can trade and there are several ways you can trade the crypto currency market, including holding the address in a digital wallet to using a CFD broker to trade specific crypto currency pairs. If you plan to purchase goods or services with crypto currency, then you will need to open a digital wallet. If your goal is for investment purchases, the best way to trade is to transact crypto currency CFDs.

Uncategorized Editor Thu, 02 May 2019 09:07:25 -0400
SocialGood CashBack Possible Thanks to a Utility Token As Initial Coin Offerings gained traction in since mid-2017, various types of token begun to show up. Now we have utility tokens, security tokens, currency tokens, and last but not least, hybrid tokens.

In today’s article, we’ll focus on utility tokens and in particular on the SocialGood (SG) token, which is part of an ambitious project due to take place during 2019. For those of you that don’t already know, utility tokens are often called app coins or user tokens, which provide future access to a product or service.

A utility token supporting the SocialGood Cashback program

The SG token is a utility token compliant with the Ethereum ERC-20 standard, which will be issued by the Social Good Foundation Malta Ltd., a wholly-owned subsidiary of Social Good Foundation Inc. in Tokyo, Japan.

Being one of the main components of the SocialGood Cashback program, the SG token will be used as a reward for users. Simply put, the Social Good ecosystem will include companies from the commerce field (a few had already joined the program) and users who will buy products from them will be eligible to receive up to 20% cash back which will be denominated in the SG token.

For the year 2019, the foundation had planned to issue an estimate of 17,727,258,918 SG tokens, out of which around 10 million or 56% will be used for the cash back program. The company had already raised $30 million from accredited investors and it had launched the cash back program at the beginning of March 2019.

Several important steps are scheduled to be implemented throughout the year. The company plans to run its own ICO. It will also develop a mobile app, so it will be much easier for users to receive cash back.

In terms of exchange listing, SG token will be made popular via a few important listings on some of the most important exchanges. As a first step, sales of SG tokens will begin on the LATOKEN exchange, a platform with more $5 billion in monthly trading volume. Part of the plan is also to list the SG token on DigiFinex, which is currently the 13th ranking exchange, with an estimated daily trading volume of $579 million.

By December 2019, the Social Good Foundation plans to sell tokens in various cryptocurrency exchanges worldwide, so cash back users will be granted SG free of charge. Asides the amount set for the Cashback program, the remaining will be sold during the presale, during the IEOs (Initial Exchange Offerings) and ICOs (Initial Coin Offerings).

The important aspect of the SG ecosystem is that the Foundation is planning to hold buyback operations, meaning it will use funds to repurchase SG from the market in order to adjust the supply and demand of SG circulating in the market. By doing so, the operating company will be able to contribute to longer-term stability and the rising value of SG, thus enabling users to exchange the tokens received in the Cashback program for a higher fiat value.

Uncategorized Editor Wed, 10 Apr 2019 11:00:49 -0400
An Introduction to Shareholder Advocacy

Many shareholders don’t realize how crucial their role is. Most investors purchase shares of companies because they feel this is a profitable way to invest their money, but do not realize that the money they spend on shares will be used to finance the different activities of this company.

As a shareholder, you get to have a say in how the money you invest is spent. Shareholder advocacy is about drawing attention to the practices you perceive as problematic so the companies you invested in consider changing their behaviors.

What is shareholder advocacy?

Purchasing shares of a company makes you an owner. This doesn’t mean you get to run the company or that your opinion will be sought before making important decisions. However, you have the right to express your opinion and the board of directors or CEO is required to listen to you.

How can you make a difference?

Drawing attention to negative practices such as outsourcing production to sweatshops, implementing practices with disastrous consequences on the environment, or explaining why employees or customers are not treated fairly is a good start.

Shareholder advocacy can also lead to ousting the current management of a company, especially if there is evidence that the company isn’t run in an ethical manner or if the management is making decisions that expose your investment to unnecessary risks.

How can you draw attention to an issue?

The most efficient way to draw attention to an issue is to work towards getting a resolution passed. A resolution, sometimes referred to as a proposal, is a document that presents an issue and a solution to change the company’s behaviors or reduce its exposure to risks.

You can create a resolution by yourself, but it is quite common for groups of shareholder activists to get together to create proposals. Working with other activists is a great way to share ideas and learn from their experiences.

Can anyone file a resolution?

You can present a company’s board of directors with a resolution as long as you own $2,000 worth of stock in this company. You also need to own the shares for at least a year before you can present your resolution.

What happens after you file a resolution?

Filing a resolution is about opening up a dialogue between a company’s board and the shareholders. If you or a group of shareholders filed a resolution to draw attention to an issue, chances are many other individuals share your concerns.

After a resolution is introduced to a board, a vote must take place during the next annual meeting. Shareholders get to vote on whether or not the resolution should be adopted.

Companies typically pay attention to a resolution as long as it receives at least a 10% support when shareholders vote.

A company might decide to take action before the annual meeting to present shareholders with their progress instead of holding a vote. If there is a real problem with unethical practices, it is usually best for the company to work on resolving the issue instead of taking the risk to project a negative image.

Are companies legally required to change after a resolution is voted on?

In most cases, resolutions are not legally binding. The purpose is to draw attention to the issue and make the board realize how an unethical practice is casting a shadow over the image of the company.

A good resolution should present the board with strategies they can implement to solve the issue instead of merely criticizing the company’s behaviors.

Getting a resolution passed requires hard work and dedication on your part. However, if you own enough stock in a company, you have the right to express your opinion. You can encourage the company to adopt ethical practices, make an effort to be more environmentally conscious, or offer better working conditions to their employees.

Shareholder advocacy is up to you. You can make a difference!

Uncategorized Editor Sun, 16 Dec 2018 11:59:44 -0500
How to Invest Like Warren Buffett

Warren Buffett is perpetually one of the richest people in the world and almost universally considered to be the greatest stock picker the world has ever known.

While you might not ever be worth $50 billion, you can certainly learn a thing or two from “The Oracle” and greatly increase your wealth over the long-term.

Though Mr. Buffet has never officially written down his process for evaluating and choosing stocks, there is a lot that can be learned from his letters to his shareholders.

These rules are in line with those shareholder letters:

1. Rule #1: Don't lose money. Warren's basic philosophy is to purchase a stock for less than it's worth and then let the rest of the world finally figure it out, too. This is commonly referred to as value investing and has been the corner stone of his philosophy from the very beginning.

  • In fact, the rest of the rules are really rules to find these companies.

2. The company must have strong profitability. Buffet prefers companies that are already profitable as opposed to companies that are likely to someday become profitable. There are several measures he utilizes to determine this. Some of these include Return on Equity (ROE), Return on Invested Capital (ROIC), and the profit margins.

  • ROE – While no one knows for sure, the general consensus is that he wants to see an ROE of 15% or more.
  • Profit Margins – In this case, we're talking about dividing net income by net sales. Obviously, the higher the better.

3. The company must have low debt. Too much debt is bad for everyone, including companies. In case you thought we skipped ROIC above, we're getting back to it now. Sometimes a company will appear to have a high ROE, but the number is actually artificially inflated. This can happen when the company is using debt to pay its bills. This is where ROIC comes into play.

  • ROIC removes debt from the calculation by adding it back to the shareholder equity prior to completing the ROE calculation. You can simply divide the company's total liabilities by the shareholder equity. The higher the ratio is, the more a company is using debt to grow the company. Be careful.
  • Companies with a lot of debt can be harmed when either interest rates rise or credit becomes harder to acquire.

4. The company must have competent management. Buffett has always placed a lot of emphasis on a company's management team. He favors intelligent, humble management that doesn't simply follow the crowd. He has stated that his company simply allocates capital; it does not provide management.

  • He has traditionally stayed out of influencing a company's management, but he insists that good management be present. Ensure the companies you invest in are being run by a competent management team.

5. Buffet refuses to invest in a business that he doesn't understand. You will find that the businesses in which he invests are relatively simple. He largely avoids the technology companies, because as he has stated, he doesn't really understand that type of business. Only invest in what you are capable of understanding.

6. Be patient. It seems like Buffett has held some stocks since before the dawn of time. He has held many stocks for 5 years or more before the stock ever rose even 1%. Value investing takes time; you're going to have to be patient to see the returns. Don't be in a rush.

While we can't all be Warren Buffett, we can certainly follow his basic principles and improve our own investing results. Focus on under priced companies with a history of profitability, little debt, and a competent management team. And remember to be patient!

If you can do these things consistently, you'll be surprised at the amount of wealth you can gain!

Uncategorized Editor Sun, 09 Dec 2018 11:50:42 -0500
Mid-Cap Stocks for Beginners

Mid-cap stocks are categorized as those companies with a market capitalization between $2 billion and $10 billion. Usually, they're well-established companies somewhere between the slower growing large-caps and the rapidly growing small-caps. Recently, mid-cap stocks have done better than both the large-cap and small-cap competition with very little added risk.

We're going to examine the principal characteristics of mid-cap stocks as well as how to analyze them and why you should strongly consider these often ignored investments for your portfolio.

Why They Should be Part of Your Portfolio

The better historical performance isn’t the only reason you might want to consider mid-caps as part of your portfolio. Several additional characteristics are valuable as well:

  • The majority of mid-caps are simply small-caps that grew bigger over time. Additional growth will give them the opportunity to eventually become large-cap businesses.
  • Part of expanding is the ability to obtain additional financing to support that growth. This is much more difficult for small-cap companies to do.
  • The principal advantage over large-caps relates to earnings growth. Mid-cap companies haven't yet reached the stage where earnings diminish and dividends have become a significant part of a stock's total return.
  • Maybe the most overlooked reason for investing money in mid-caps is that they get less analyst coverage than the large-caps. Many of the greatest performing stocks have been ignored businesses that suddenly became popular, generating the institutional purchasers that are essential to push their price higher.

In the end, investing in mid-caps makes sense because they provide investors the best of both worlds: small-cap growth along with large-cap stability.


One of the great things about mid-cap stocks is that the businesses are generally profitable and have been for quite awhile.

Consider these advantages:

  • Mid-cap companies usually have experienced management teams.
  • On the average, a mid-cap's earnings tend to grow at a quicker rate than the average small-cap and accomplish this with less volatility and risk.
  • Along with earnings growth, the mid-cap company is in a good position to maintain their earnings for the foreseeable future. That's what ultimately turns a mid-cap into a large-cap.
  • Clues that suggest a corporation's earnings are headed in the right direction include growing gross and operating margins in combination with lower inventories and accounts receivable. Turning inventory and receivables faster usually leads to greater cash flow and increased profits.

All of these features also help reduce risk. Mid-caps tend to have these attributes more frequently than small or large-caps.


Revenue and earnings growth are two of the most important factors to long-term returns.

Recently, mid-cap stocks have done better than both large-cap and small-cap stocks due to their higher growth in both revenue and earnings. It's likely that the ability of mid-caps to respond faster than large-caps, and their greater financial stability compared to small-caps, are their greatest advantages.

When researching a mid-cap firm, look into the quality of their revenue growth:

  • When gross margins, operating margins, and revenues are all increasing, it's an excellent indicator that the company is developing greater economies of scale, resulting in higher shareholder profits.
  • Another great indicator of healthy revenue growth is when lowered total debt improves cash flow.

Consider adding mid-cap stocks to your portfolio. There's a lot to like about them. The great opportunities for both profitability and growth, along with the relatively low risk, can make them an excellent addition. Do some research and find a couple of good mid-caps; you'll be glad you did.

Uncategorized Editor Mon, 19 Nov 2018 11:46:00 -0500
The New Investor’s Essential Guide to Leverage

Most brokers give you the possibility to use leverage to increase potential returns. Using leverage is a risky way to invest, but it can be a good strategy if you have a solid position.

There are a few things to be aware of before using leverage, and it’s best to wait until you have experience with investing before you consider using this option.

What is Leverage?

Leverage is using your broker’s capital to make a larger investment than you would be able to with your own money. So you’re leveraging your money.

For example, maybe you have $10,000 to invest. Using leverage would enable you to make a larger investment, perhaps $30,000. So you would control 3 times the shares, commodities, real estate, or other product with your $10,000 than you could before.

If the investment makes a profit, a larger investment in that item will bring you greater profits than what you would have made with your own money. On the other side of the coin, though, is the possibility of losing more than you would have if you had only used your own money.

Typically, brokers require you to keep a percentage of the amount you borrowed in your account. Your broker gets the rest of his money back, plus interest, from the investment’s profits.

Why Should You Use Leverage?

The main advantage of using leverage is to boost your potential profit. You can only earn so much with an investment with a 5% yield if you invest your own money, but using leverage means you can invest a lot more and the 5% yield turns into a more profit.

Leverage also allows you to gain exposure to investments that would require you to tie up an unsafe portion of your capital. This is especially useful with products such as futures contracts where a large initial investment is usually needed and the potential profits make using leverage worth it.

Are There Any Downsides?

The downside of using leverage is that your broker requires you to always keep a certain percentage of what you borrowed in your trading account. This is not an issue as long as your investment performs well.

However, market fluctuations make using leverage risky, since more money could be needed to purchase the futures contract you were interested in.

If this happens, your broker will place a margin call and require you to deposit more money in your account to cover the minimum percentage you are required to keep in your account. This means a dramatic shift in the market you invested in could become very costly.

How Can You Avoid Taking Risks When Using Leverage?

There are a few things you can do to avoid losing money when using leverage:

  1. Wait until you have more experience with investing and trading before relying on leverage. There is little room for mistakes since margin calls can be very costly.
  1. Use leverage on relatively safe investments. If too many factors are unknown, or if you don’t have good reason to believe an investment is safe, you’ll probably fail to generate the kind of profits you were expecting, even with leverage.
  1. Establish a detailed strategy. Ideally, you should have an exit strategy that allows you to limit losses in case you get close to a margin call. Meeting a margin call is usually a sign that you have made a mistake.
  1. Go over the terms and conditions your broker requires you to follow when using leverage. You’ll learn more about margin calls and the minimum amount you’re required to keep in your trading account.

In the end, using leverage can lead to higher yields as long as you invest carefully and select the right investment products.

However, using leverage can have disastrous consequences if things do not go as planned. This is why it’s crucial to have a detailed strategy going in and to properly assess the risks you are taking. These precautions can help you make the most from leverage.

Uncategorized Editor Thu, 08 Nov 2018 11:39:06 -0500