7 Reasons to Be Wary of Financial Advice from Almost Anyone

zzsaIn the corner of the room there was a small, round man, with Coke bottle glasses, beckoning me to sit next to him. If not for the red plaid vest and Santa cap he wore so proudly, he could have passed for a wise old owl. I saw my great-uncle rarely –- usually only at holiday gatherings like this one -– and I as I made my way over I knew I was in store for a slice of his worldly wisdom.

“Brian,” he began. “You will be graduating soon and making choices about your future. I want to give you some advice. Unless you are planning on being a doctor, a lawyer or an engineer -– professions where you have to follow a specific path –- chances are your life will take many twists and turns before you settle on your ultimate career, so just take them in stride.”

It was good advice, the type that you rarely come across and are grateful for when you do. The dynamic is the same when it comes to financial matters — everybody wants to

Why Financial Advisers Can Be Worth the Fees

zzqI am a do-it-yourself index investor. Aside from the fact that no one else cares about my wealth more than I do, keeping up with the day-to-day tasks is a hobby that pays me. I like managing my own investments, and I get to keep the fees that a financial adviser would charge to manage my money.

Still, I often suggest that others seek out a competent adviser for their financial management needs. While some people who call themselves financial advisers are really investment salesmen in disguise, others will be able to guide you to appropriate investments and manage them. Here are a few reasons paying a financial adviser could improve your finances.

  • An adviser will keep you from selling in a panic. Money can bring out the worst emotions in us. Staying the course when the market is down is one of the biggest keys to creating long-term wealth. Panicking and selling at the worst possible time will lock in your losses and prevent you from participating in the subsequent recovery. An adviser can help to talk you out

Her Financial Goal Getting an Underwater Mortgage Afloat Again

zzwqEveryone has things they want to improve about their financial lives — even those of us who are paid to write and think about money on a daily basis. To that end, some of the editors at AOL and Daily Finance have shared their financial goals for 2013. In return, I reached out to some experts for tips that can help these folks – and everyone who has a similar resolution – step-by-step their way toward making these goals reality.

Cassandra Hubbart, photo editor for AOL Money and Finance, says she and her husband need to refinance a large underwater mortgage on their old home, which they are now renting out.

“Four years ago, my husband and I were driving 50 miles to work every day … with a baby crying in the back of our car for the duration of the trip,” says Cassandra. “We needed to move for our sanity, so we bought a new home. But the value of the property we left behind was over $100,000 less then it had been when we purchased it.”

Unable to sell, they found a reliable family to rent to, but

accounts on the interbank currency exchange Forex

ECN account https://freshforex.com/traders/trading/ecn/ (ecn trade) is one of the accounts on the interbank currency exchange Forex, allows to trade and make a profit.

This account appeared relatively recently, but lately brokerage companies and traders are paying him more attention. The first system of Electronic Communication Network or ECN appeared in 1999. This system is strikingly different to its operating principle, which is allowed to sell commodities without intermediaries, directly from the seller to the buyer. ECN Forex trading system is formed from the application of traders who are ready to buy or sell a particular currency at a specified price. Operation of such a system is as follows. All applications fall into a common base – glass applications. Of the total transaction database are selected and are made only in the case where the supply and demand coincide. Thus, the feature of the ECN account is to commit mutually beneficial transactions are governed by market mechanisms. As for the spread, then this account he will be floating and will vary depending on the demand and supply prices.Forex earning https://freshforex.com/partner/howto/ with ECN is more than possible. ECN account has a great forex earning potential.

10 Things to Know About Global Money Transfer

The need to transfer money locally or abroad may arise at any given moment. Transfer of funds to a relative or friend in need, for an investment, for a future home, relocation or even as a gift is very common. These needs will compel you to choose one of the readily available means of money transfer.

There are things you should know about international money transfer, before you begin.

Type of transfers: There are many modes of transfer available at leading transfer giants, which are prominently established with a huge network, globally. Selecting the mode to send money, which is available in the country of transfer, is dependent on the sender’s choice and convenience.

  • In Cash
  • Directly into a bank account
  • Delivered at home
  • On a mobile wallet
  • In a Card
  • To an ATM

The FEE: Money transfer to any place in the world is possible, at a cost. This cost incurs as a fee to the sender and in some cases is deducted from the beneficiaries balance as well, if applicable. The fee is a small percentage of the total amount, and is applied every time you send money.

Notification: SMS notifications are available to the sender and receiver regarding the progress of the transfer. Online tracking systems are

Avail The New Credit Personal Loan With The Best Online Portal

There are times, when you require a significant amount of money either for buying a dream home, a bike, or any other movable and immovable asset that can fetch you good returns in future. If you have never borrowed any loan before, and if you have no credit history, then you can contact the best online loan providers in India, with the assurance of getting the new personal loan, with a free credit report at an incredibly short span of time.

Move over hassles and traditional ways to get a free credit report: join the all new online loan providecreditrs

You need a credit report for getting eligible for a loan. The registration process for all good online loan providers is very simple, you just have to log onto their website and consult with their experts, who will generate the free credit report.

  • Credit report is very important for your loan disbursement, because it is based on your previous loan track and other history like card statement and financial reports of the company.
  • Credit reports mainly focus on your previous transaction and it is proved that how you made the repayment timely in your previous and ongoing loans as well as credit card also.

Take Professional Advice and Secure your Retired Future

When it comes to money we all are over cautious. That piece of paper is so invaluable that we trust no one and always remain insecure about it. Moreover it is this piece of paper that secures our day to day living and helps us to maintain our living standards. The conclusion is money is indispensible and has no substitute.

Now how insecure we can be but we do not like take a chance, all of us take professional advice. We take professional help while investing money in several insurance and other money investment policies or income tax return, so why not play clever and take some kind of professional help for pension scheme when battling the financial trauma after retirement?

Benefits of taking share advice

  • Helping you choose to the correct profitable pension scheme for your future: Any wrong choice in the pension scheme can lead to a disastrous fall in the living standards. You will not only risk yourself but will also endanger the life of each and every person dependent on you. Now you can’t be that irresponsible. So why take a chance, take some advice. These pension advisory groups will choose you the right pension policy which will be

What Is Known As A Bad Credit Card?

It is more important to understand that there is credit card score available and more over that the credit card score are of many different scoring models out there and with each may use a different scale or numbers as value to convey information. All FICO score are ranged between 300 and 850 with this 300 as being the lowest or worst possible score for a credit card, while 850 is the highest or best possible score for credit card. In this the range for vantage score of credit scores has a traditionally been between 501 and 990 from the past with this as the higher number representing the strongest score for a credit card. But as per the newer version the vantage score 3.0 is been set and has a range of 300 to 850 as the best score.

About The Bad Credit Card Score  

The best companies that develop all the credit scores with this as the baseline FICO and vantage score. They do not decide any score which credit scores are good or bad for the credit card. Nor do the credit card holder person in reporting agencies that they will supply the credit reports to that are

Designations for Various Courses in Finance

If you are a new professional or a student who is just looking forward to some guidance on whether what kind of work profile and designations will you attain after pursuing certain courses in finance, then this may be the right place for you.


With an improving economy, there is a surplus of work profiles that are available for the finance people, but for each and every profile the company demands ‘a specialist’. A specialist will be the one who has studied a particular branch or subject in detail and is having some hands on experience related to the designation. The students often are unable to relate themselves with these work profiles due to lack of guidance.

There are certain courses in finance that are based upon some certifications to be attained on the completion of the course. These courses promise heightened exposure, reliability of knowledge and rewarding pay-out from the work done. International college of Financial planning offers Certification in Financial Planning (CFP) and Chartered Financial Analyst (CFA).

Certified Financial Planner (CFP):-

The course of Certification in Financial Planning (CFP) is one of the most credential and globally recognised qualification in finance. Media has

Significance Of Debt Recovery

Debt collection is very important for any business. A debt collector or a agency is involved the work of collection. These agencies collect debts for a certain fee or percentage of the total amount owed.

It occurs when collectors and creditors get to collect payment from businesses or consumers, who are bound legally for payment or repayment of the money that they owe. It is important that the organization which is involved in recovery of debt knows about its legal obligations. Debt collection letters can prove productive if they are made in a proper way. The problem that crops up is that most of the people are not familiar with the letter writing and so land in trouble. A good collection letter is like a silver bullet against bad debtors.

Debt recovery is a vital part of any business. A reliable agency on your side makes sure that you can efficiently and effectively manipulate collection so that your business can lay focus of its time on what it carries out in the best possible manner. The large majority of agencies work on third-party basis. It means that they are paid whatever they accumulate on accounts run by another company. There are many

How to Avail The Personal Loan With a Bad Credit Score

There are some online loan portals available, which offer different kinds of secured and unsecured loan including personal, bike and short term loans. If you are looking for any kind of loan, then you can apply through their portals, and get your amount within a short time. But your credit score is important for this loan. If you have any credit cards and you did not miss any installments of your credit cards, then you are the most eligible applicant for borrowing the cash instantly. It indicates that you have a good credit score and lenders trust on your previous financial assessment and they proceed your loan easily.

How to avail loan if you have a bad credit score?

  • If you have a credit card or any existing loan, and you did not miss out any installment then your credit score is high, and in this case you can easily get the money by providing your credit details online. Bankers and online financial institutes shall check your credit score by your credit card details and disbursing the loan accordingly.
  • But if you have a bad credit score and you did not pay the installment earlier, then you are not eligible to apply for

4 Things You Need to Understand About Debt Consolidation

As soon as we hear the word ‘debt,’ our bodies freeze up and our heart rate rises. It is a dirty word in our society but it is a reality. Many credit counselling agencies provide a significant amount of debt relief, from debt management plans to debt consolidation solutions. The key is to find a legitimate and proven consolidation agency to assist you on your path to debt relief.

Here is all you need to know about finding the ideal debt consolidation agency to suit you:

  • Third Party Payment Are you sick of having to remember all your different accounts? With a well thought out debt management solution you are able to make a single payment to the credit counselling company. This means that money is distributed to your creditors once they have paid in full. These kinds of debt consolidation agencies do not make loans on your behalf, they do not settle debt either. Rather, they have arrangements that are already set with financial institutions, usually at a lower interest rate. These lower interest rates mean that instead of finance charges, your payment goes toward the balance.
  • Quality Debt Consolidation Agencies When it comes to your finances and the wellbeing of your

Bad Credit Reports and Getting Loans, Jobs and Apartments

Once your credit goes south you have a hard time with everything. Did you know that employers often check your credit history to decide if you are a good candidate for hiring? I am not sure of the whole reasoning. Maybe they will trust people who have their finances in order over those who do not. Imagine giving a job to a bank teller who was eyeball deep in debt and defaulted loans. Would you trust them if it was your bank? Still, people with bad credit sometimes need a loan. I learned things at http://www.bestratedbadcreditloans.com/poor-credit-loans/ about loan options for people with less than stellar credit.

My parents had great credit. They both had great jobs too. In my adulthood I was doing okay and got sick. All the money we had saved went out the window. Then I had to start working form home doing whatever online work I could find. For over a year we had a car we had to only drive locally because of engine problems. We did not want to be too far from home if it gave out. Continue reading “Bad Credit Reports and Getting Loans, Jobs and Apartments”

Things Not To Forget While Lending Or Selling Gold

Are you running short of money, but need some hard cash immediately? Do not feel embarrassed in case you have approached your friends and relatives for money, and have been turned down. This is a common incident for majority of us when we become broke and need money. But you can still consider yourself lucky if you have inherited some gold ornaments from your mother or grandmother because the Cash For Gold will come in handy.

However, you have to keep in mind some factors before getting Cash Lent On Gold. Here are they:

Understand the difference

If someone says that he has earned a great fortune by renting or selling his gold, you should not be swayed by that. This is because you need to understand the difference between the real metal and paper gold. Actually, when a person buys paper gold he actually buys the bond of this precious metal. The agency that sells the paper in exchange of money promises to compensate with real the metal. Thus, you have the option of getting cash lent if you have such a paper.


Keep a track on the recurrence of inflation

The market experts suggest

How to Apply For Social Security Benefits at the Age of 62

Every American citizen is entitled to social security retirement benefits, given he or she fulfills all the eligibility conditions and comes under the ambit of the criteria laid down by the federal government. However, elderly people often find it hard to apply to a social security retirement benefits plan. In most cases, they fail to apply that further deprives them of the retirement support from the government that is their right in the first place.

Though filing an application for social security benefits is easy, there are still a few questions that circle the minds of the elderly. The section below comprises of answers to all those questions.

What is the Eligibility Condition for the Application?

The elderly must have attained the age of at least 61 years and 9 months to become eligible for filing an application. In addition, he or she should not be receiving any other benefits on the social security status, and hasn’t applied for retirement benefits till date.

Is Medicare Available?

Whether or not you have an existing medicare plan, you can still apply for a social security retirement benefits plan. You can apply to avail both medicare and retirement benefits or any one of them.

Best Way to Finance a Commercial Solar Energy Project

Many industries are discovering the benefits of installing solar power systems to save money on energy while offering protection to our fragile environment. Solar power has benefitted schools, government and municipal clients, corporations, water districts, housing developments and commercial real estate endeavors, utilities and more. Since switching to a solar powered energy represents a large capital outlay for most businesses, it is important to choose a financing vehicle that allows your business to maximize incentives and rebates while protecting resources and managing risk. Power Purchase Agreements (PPAs) and integrated financing represents one of the best ways to do this.

What is a Power Purchase Agreement?

Technically, a Power Purchase Agreement (PPA) is a contract that defines terms of sale of electricity between a buyer and a seller. These can last anywhere from five to 20 years and they are subject to regulation as the state and federal level depending on the project site and the nature of the PPA. In the case of solar power, the provider of the PPA absorbs the costs associated with the project, such as design, construction, O&M and more. Customers can watch their utility bills fall immediately since they are purchasing clean energy as a substitute for

Independent Broker Dealer Firms

Our initial conversation will have one goal: to learn about your practice, your clients, and your requirements in a new broker dealer. We will start with our list of over 70 quality broker dealers. We will then create a short list of broker dealers to recommend for your consideration. Based on your initial feedback, we will then have initial, confidential conversations with these firms to see if there may be a good fit. Then next step is to arrange phone conversations with these broker dealers. We then narrow the list down to a hand full of firms and set up face to face meetings either at the home office or near the candidate’s location, whatever is most convenient for the candidate. With the firms that are of most interest, we will work with the firms to get competitive offers together and present them to the candidate.

Once the decision is made on which firm to go with, we get you engaged with that firm’s transition team, to ensure a smooth transition. Our goal is to make this transition as painless as possible. In some cases, the broker dealer will place people in your office to assist you

Seeking Resolutions For Credit Card Debt Issue? Contact An Acclaimed Attorney

Legal issues can exhaust a person mentally. Complex to understand and tough to resolve, legal matters are not everyone’s cup of tea. You better leave it to the experts or end up getting confused, distressed, and hopeless. The significance of a lawyer can be easily understood by Robert B. McKay’s famous quote which says “Lawyers are seldom loved but often needed”. There is no doubt about the fact that only a lawyer can unburden your legal worries within no time. With their immense experience and in-depth knowledge, lawyers can resolve all your legal issues without having you to turn pages of the law books.


Are you looking forward to seek an effective solution for your credit card debt issue? If so, don’t waste any more time and go for a credit card debt counseling session with an experienced attorney as soon as possible. Now that you have tried your best to pay off credit card debts and failed, it is the professional’s help which will offer you the best solution to come out of the situation in a fruitful manner. Just like you, there are many

How to Have a Secure Mobile Banking Experience

Till a few years ago, lot of imagination was required to come to terms with the idea that mobiles phones could be effectively used to transfer money and complete shopping transactions. But today it is a reality and gone are those days when you had to visit a bank, find an ATM or carry a plastic credit or debit card to access your funds. New age technological innovations have made way for mobile banking into our lives, which includes mobile apps that are capable of transforming any smartphone into a fully operational personal bank. But this technology has its own set of disadvantages bundled with its highly convenient nature. The most prominent one among them is online banking threats. However, it is possible to avoid these threats by following the simple mobile banking security tips given below.

1. Always use official apps

Numerous banking apps are available online that claim to offer you mobile banking services. Do not be lured by these apps and make sure to use the one that has been officially released by your bank. To assign further security to your funds, download the app only from the bank’s website by following the

How to Build Credit Without Credit Cards

It’s conventional wisdom that using credit cards responsibly is the fastest and best way to build credit. It’s also conventional wisdom that using credit cards can be the fastest, best way to destroy credit.

That’s why it’s easy to understand why not everyone has or wants a credit card. In fact, recent evidence suggests that millennials are bucking the conventional wisdom. For instance, a Bankrate.com survey released last year found that more than 6 in 10 people ages 18 to 29 don’t have a credit card.

Some people “should really stay away from credit cards at all costs,” says Michael Chadwick, a certified financial planner from Unionville, Connecticut. “They’re like a drug.”

But whether you don’t trust yourself with credit cards or simply don’t want them, you should want good credit. After all, if you care to buy a house or a car, but can’t afford big-ticket purchases without a loan, you won’t get a low interest rate if your credit score is nonexistent or low.

Don’t fret. If you’re seeking to build credit without touching a credit card, you can explore these routes.

Build credit with student loans. According to some estimates, Americans owe

The Pros and Cons of a Secured Credit Card

Liana Moran’s secured credit card story is becoming more common. After graduating from Georgia Southern University in May of 2014, she landed a paid internship and decided it was time to get a credit card. For starters, the apartment she wanted to rent required a credit check before she could sign a lease. So she applied for her first credit card and was quickly shot down.

“I naively thought no debt equals a decent credit score,” says Moran, who ended up having one of her parents cosign her rental application.

Actually, Moran wasn’t naive. A decade ago, before the recession, she would have easily nabbed her own credit card, credit history or not, but credit cards are harder to come by now for some recent college graduates, like Moran – who went to school on scholarship. She says her friends who are paying off student loans have had no trouble applying for credit cards.

Moran decided to apply for a secured credit card with a limit of $300, meaning she had to fork over her own $300 before she was able to use it.

Secured credit cards, as you probably know,

How You Can Get Good Financial Advice for Free

The personal finance business attracts more than its share of scoundrels. Unscrupulous salespeople pitch high-commission, high-fee, underperforming investments and overpriced insurance plans that masquerade as investments, turning your hard-earned cash into their wealth.

Two key ways they do that are by burying the costs in opaque language in the fine print of their investment contracts, or by only showing you high-cost options. In essence, they either disguise their costs or make it seem like every investment available to you will cost you significant management fees.

While bad money advice is easy to come by — and is often offered for “free” by those pitching those high hidden-cost investments — good advice is a bit tougher to find. Generally speaking, the best type of money professional to turn to for solid money guidance that’s truly in your best interest is a fee-only certified financial planner. And as luck would have it, the CFP Board is offering free consultations in various cities, starting Oct. 4 and running through Nov. 8. This might be a great opportunity for you.

Valuable Guidance

Certified financial planners go through an extensive training and testing program and have to adhere to strict ethical guidelines. They also must be experienced,