Roth to Riches Bob Mackenzie Denver Colorado The main financial market in the U.S. is the securities market. This is made up of stock, bond, and options markets. There are similar markets in most other major economies throughout the world. The common feature is that the price of an investment vehicle at any time is from an equilibrium between the forces of supply and demand. As new information about the returns and risk becomes available, changes in supply and demand could result in a new market price. The financial markets streamline the process of bringing the suppliers and demanders of funds together, and allow transactions to be made quickly and at a fair price. Suppliers of funds can transfer their resources to the demanders through financial institutions, financial markets, or in direct transactions. Financial institutions can participate in financial markets as either suppliers or demanders. Suppliers & Demanders of Funds Individuals, business, and government are key players in the investment process. Each one can be a supplier or demander of funds. In order for the economy to grow and prosper, funds need to be available to qualified individuals, business, and government. If individuals decided to hoard their extra funds instead of putting them in financial institutions or investing them in financial markets, then the individuals, business, and government in need of the funds would have a much harder time obtaining them. If this happened, consumer purchases, business expansion, and government spending would decline, and economic activity would slow. Individuals- The individual's role in the investment process is significant. They often demand funds in the form of loans to finance the acquisition of property-mostly automobiles, houses, and education. Even though their demand for funds is great, as a group, individuals are net suppliers of funds: meaning they put more funds into the financial system than they take out. Business- Businesses usually require large sums of money to support operations. Business has both long and short term financial needs. They issue a variety of debt and equity securities to finance these needs. When they have excess cash they also supply funds. Overall, businesses in general are net demanders of funds. Government Federal, state, and local levels of government need vast sums of money to help finance long term projects to keep the government running and for the construction of public facilities. Sometimes, governments supply funds by making short term investments to earn a positive return on funds not being used at the time. Government is a net demander of funds. The government's financial activities significantly affect the behavior of financial institutions and financial markets. Types of Investors Individual investors manage their own personal funds to achieve financial goals. They usually concentrate on earning a return on excess funds, building a source of retirement income, and providing security for their families. For individuals who lack time and/or expertise to make investment decisions for themselves often employ institutional investors-professionals who are paid to manage other people's money. The professionals trade large amounts of securities for individuals, businesses, and governments. Institutional investors include banks, life insurance companies, mutual funds, and pension funds. Source by Nic Thomas
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This is a great system that is perfect for small businesses. I have personally seen this program generate 25%-%40 increase in sales just by telling people you offer No Credit Check Financing. This article will show you step by step the way to set it up and many ideas dealing with advertising the plan. LEGAL DISCLAIMER When implementing the concept discussed in this article, Customized Concepts does not inherit the responsibility of the loans being paid back, of legal issues, or of anything that results from the use of this information. The legal disclaimer is a must. We do offer a 90 Day Financing Plan that is guaranteed. We take care of the details and the risk. There is no risk to the merchant. This article is based on the idea. You can put many things in place to insure the loans are paid back. This will be your responsibility. We will discuss them and let you know the pros and cons. You will need a good file management system. If you are running a business this is not really a problem. I recommend that all the paper work is scanned into your system. This allows for quick retrieval if there are any problems with the contract the customer signs. Below is an example that does not charge the customer finance charges.There is an example on our website that has finance charges. This would qualify your program as Same as Cash Financing. You are allowed to charge finance charges and application fees. This would create another income stream for your company but, you can not advertise Same as Cash Financing. The choice is up to you. Example: Yoshi walks in to your store and wants to buy your product or service but does not have the money and has bad credit, no credit, or just does not want to take out a loan. The item costs $1000. Yoshi says that is too much right now. You explain that you can offer him a No Credit Check Financing Option. He says Great. You and Yoshi agree on what payment schedule will fit in his budget. He agrees that $200, every two weeks, would fit his budget. Yoshi will then write you out five checks post dated checks for the amount of $200 each. Five $200 checks equal the $1000 sale price. I know there is someone saying is that legal. Yes. The law with post dating checks is very vague. The two major things that come in to play are: 1. If the customer writes a post dated check that they know will not be good on the post dated date. This is a form of fraud. Customer is in the wrong. 2. You cash the check before the post dated date. When you and the customer agree on the payment schedule you are agreeing to cash the check on the dates stated on the contract. You are in the wrong. They can sue you for the penalties incurred and numerous other things depending on your state. It is a good idea to keep the post dated checks within 90 days of the sale date. This is safer for you and the customer. The check will need to be kept safe (in a safe). This will make sure that they do not fall in to the wrong hands. Next you will need to get the filing system in order. You will need a way to let you know when the checks need to be cashed. You can do this one of two ways. The first would be a basic folder arrangement. Create one folder for every week. Check the folders at the beginning of the week son you know what checks need to be cashed. The second and probably preferred would be a basic program with Excel or some other spreadsheet program. This would require that you put the information in to your system, but would save the file set-up time. You will set up the spreadsheet to organize the payments by date. Check the spreadsheet every day to see what checks need to be cashed. Here are a couple things to protect you from fraud and default on repayment. The options below are up to your discretion. You can use one of them or all of them. The more you implement the more protection you will have that the customer will not default on the loan. This first three are, in my opinion, a must. 1 Get a copy of the customers I.D. 2 Get a copy of their most recent pay check stub. You can take this one step further and verify employment. You can give the employer a call or you can send a fax to the Human Resources Department. The easiest way is to call. They can not give you much information over the phone but, they can tell you if the customer works there and if there is anything that might affect his future employment. 3 Call the bank to verify the account is in good standing. 4 Verify the Checks. If you have a merchant account that can process checks this can be simple. If you do not have check verification you can call your provider and check pricing to get it set up. If you do not have check verification and you do not want to pay for the service there are some other options. They are not as reliable but will work. Physically go to the bank where the check was issued and cash it. If there are not funds they will tell you or they will cash it and charge the customer an overdraft fee. DO NOT DO THIS WITH THE POST DATED CHECKS. This should only be done with checks that are not post dated. You and the customer came to an agreement that you would not cash the checks until the date on the checks. 5 Verify the customers check writing history. This can be done a couple different ways. Check out National Check Network.com (NCN). You can also do a search on Google or ASK.com for How to verify a customer check writing history. These systems can vary in cost and quality. We use NCN. This option will let you know if they have bounced checks that are outstanding, a history of writing bad check, or any check fraud in the past. These are the basics and if want to tweak it to fit your company better, great. We have a customizable contract on our website available for download. The form is a PDF. If you do not have a PDF editor you can go to PrimoPDF.com and convert the file to a.DOC file. This contract is free of charge and we will not ask you to give us any information. This is a great tool that will save you some time. There is no need to design your own. This is the exact form we use. We also offer No Credit Check Financing that takes away the risk and is very user friendly. We implement the procedures above and guarantee the payment to the merchant. If the customer defaults we will honor the payment and we will take action to recover the monies owed. The fees involved are normally less than what it would cost you if you to set up check verification and verification of check writing history. It is guaranteed to save you time. Advertising Advertise the No Credit Check Financing everywhere. Here are a few suggestions. Get a sign/banner that states you have the program. We have a local company that will paint the lettering on. You can get your local sign maker to help you, also. Window appliques, appliques for your car, magnets for your car, the list goes on and on. Change the on-hold audio so it mentions No Credit Check Financing and also voicemail box recordings. Be sure to mention the plan when you answer the phone. Include the program on anything that your business uses for advertising. * Yellowbook Ads * Business Cards * Brochures * Website * T-Shirts * Vehicles * You need to get it visible to as many people as possible. Do a local radio commercial that states you now offer No Credit Check Financing This is spectacular if you can afford the media. I hope everyone reading this did not find it a waste of time. If you can not use the information in this article please pass it on to someone who can. If you would like you can download an exact copy of this article and contract here. We will not ask for any information. I will be writing more articles in the near future. The article will be on ways that small businesses can increase their sales with various techniques. Please subscribe to my newsletter if you would like to be emailed when they are posted. Source by Dan Wisner Planning Advisor Livernois Rd. Troy MI 48084 WASHINGTON The U.S. Department of Housing and Urban Development (HUD) announced today it is charging the owners and developers of Ashlynn Estates, a 27-unit complex in Ellensburg, Washington, with housing discrimination for designing and constructing housing units that fail to meet the accessibility requirements of the Fair Housing Act. Source link Tags: steve azoury,life insurance,annuities,investment,insurance,financial planning,steven azoury,northwestern mutual financial network,financial advisors,azouy financial,investment services... Tags: steve azoury,life insurance,annuities,investment,insurance,financial planning,steven azoury,northwestern mutual financial network,financial advisors,azouy financial,investment services WASHINGTON The U.S. division of Housing and Urban Development (HUD) announced these days an agreement involving the East Chicago Housing Authority and a fair housing organization, resolving numerous grievances of housing discrimination. Source link Tags: Introduction of Example: This situation presents the fundamentals of monetary business economics and showing useful applications of monetary guidelines and trade rates that pertain to company decisions. Encouraging this case study will undoubtedly be a discussion on trade price policy that Asia features used preceding and following 1978, per year by which considerable financial liberation happened. Occasions within the previous few years that happened in Asia regarding their trade price regime had been deemed extremely questionable by members of Asia's trade lovers. The very first objective of the article is to locate a brief history of the discord surrounding Asia's currency, the Renminbi (RMB), which translates literally into English as individuals's currency. Upcoming, concerns from situation will undoubtedly be discussed. Lastly, the actual situation will undoubtedly be made up to date with a brief excerpt concerning the current state of matters surrounding this dilemma. Back ground on Case: In 2006, numerous nations that performed trade with Asia made strong allegations against Asia's trade price policy. The most important complaint was that Asia's currency was undervalued considering Asia's manipulation of trade rates to suppress the values of their exports. Among other damages, these nations have actually advertised that activity features cost them tens of thousands of tasks. The U.S., which had a $233 billion trade deficit with Asia because year, threatened to enforce tariffs on Chinese imports if Asia couldn't revalue its currency. Japan and recently industrialized economies, such as for example Taiwan and Singapore, had been less singing, because they are trying to improve their financial ties with Asia. Establishing Asian countries, however, supported a revaluation to allow them to be much better equipped to take on Asia. One collective group that stayed fairly mute on vibrant debates that ensued when you look at the news between 2005 and 2007 had been international businesses. These firms benefited from low running expenses in Asia, which, for them, implied cheaper land and more competitively listed China-made exports. Asia's trade price was deemed to be off synch with market causes, with a number of reasons why you should support this summary. First, Asia's economic climate experienced 9per cent yearly development over the past decade. In accordance with the Balassa-Samuelson theory, quick financial development is accompanied by genuine trade price admiration as a result of differential efficiency development between tradable and non-tradable sectors. Next, Asia has become the planet's third-largest exporter with at least $970 billion in 2006. Asia's exports have observed more or less 30per cent development in modern times. Lastly, there's been a compilation of $1.2 trillion in foreign currency reserves. These build-ups tend to be advertised to be the consequence of manipulation of this RMB against normal causes of this market. Chinese officials strongly oppose the notion of a revaluation of their currency on a number of reasons, the strongest which is probably they are a nation which extremely reliant on trade and development of their exports is vital. Next, over 2 hundred million outlying dwellers have left their facilities to get work in urban centers. Greater financial development is essential to absorbing these workers into a practical economic climate. Apart from the financial reasons against changing the trade price policy, officials in Asia turn-to a number of counterarguments. Initially, the RMB, according to them, is not actually undervalued and Asia's financial development features nothing in connection with manipulation of this currency. Next, the U.S. is working a big trade and spending plan deficit, which is partly owing to money inflows from Asia, and may check out the weakness inside their economic climate before pointing hands somewhere else. Also, Asia is a sovereign nation with a right to select its very own trade price policy. Lastly, Chinese officials mentioned the small recognized fact that despite its large trade excess using the U.S. and European countries, it also features large deficits with other people, particularly Asian countries. As mentioned when you look at the introduction, Asia started liberalizing its nation in 1978. Ahead of then, it adopted main planning and was reliant on financial self-sufficiency. Asia's foreign trade was minimal and there were extremely little foreign businesses working in Asia. The RMB, at that moment, was pegged to a basket of currencies and an exchange price was set at an unrealistically advanced. The currency was practically non-convertible. After 1978, Asia adopted an open home policy and unique financial zones had been opened to foreign opportunities. A small exclusive sector appeared. The RMB was devalued in 1981, 1985 and 1993 toward U.S. dollar to market Chinese exports. The RMB was revalued by 5per cent in 1995, which held until July 2005. The squabbles started in July 2005 when Asia reformed its trade price regime. The RMB was revalued by 2.1per cent toward dollar. The peg toward dollar was changed by a peg to a basket of currencies with an allowed fluctuation of a 0.3per cent musical organization from the dollar every day. This container was ruled because of the U.S. dollar, euro and yen. The currencies of baskets and weights had been selected on such basis as trade amount performed with Asia's lovers, the sources of foreign direct investment (FDI) and also the structure of Asia's debt. In May 2007, the Chinese main bank launched a widening of this RMB's everyday fluctuation from the dollar to 0.5per cent. This adopted an appreciation of their currency by 7.2per cent from the dollar. Chinese officials place a number of choices that could be used host to a revaluation of their currency. The very first suggestion is to reform the financial sector, in which as much as 40per cent of financial loans tend to be underperforming and nine off ten banks tend to be state-owned. Next, obtained proposed a go overseas policy, encouraging Chinese businesses to take a position overseas and so stimulating outward FDI. Lastly, Chinese officials have actually recommended imposing a voluntary export tax. Unlike with a revaluation, a tax will never impact the worth of foreign currency. In addition, the Chinese government would get essential tax incomes. Analysis and Discussion of Case Problems: Today this article will talk about reactions to concerns from situation itself. The very first two concerns from situation are concerned with simply how much additional Asia should allow its currency appreciate and see whether or it's not undervalued by enough time of writing this piece. First, Asia should never have allow the currency fall this far. It has a plentiful way to obtain low priced and competent work, with a generally high academic attainment level, and will not have to manipulate their currency to reap the benefits of strong exports. Yet, this might be precisely the activity Chinese officials took. This would be straight away fixed before more exchanging lovers tend to be forced to endure. Concerning the second concern, it really is clear from proof that currency was undervalued. Given the advanced of FDI entering Asia as well as its considerable trade excess, the RMB needs to have valued relative to this container of products, particularly given that the U.S. dollar and Euro have actually both weakened recently. The second concerns are concerned using the consequence of a revaluation on Asia as well as its trade lovers and whether any powerful reform ought to be steady or not. Also, the actual situation research asks about how a floating RMB would affect the trade price. Essentially, a revaluation would gain many trade lovers and come at an important cost to Asia. Trading lovers, including the U.S. and also the Euro Zone will benefit by not losing tens of thousands of workers toward Chinese areas, since have been the actual situation when domestic businesses relocated to Asia under favorable financial considerations. Establishing Asian countries will undoubtedly be much better capable take on Chinese exports if a revaluation occurs. International corporations cannot favor these types of a move, as maintaining the status quo permits them to continue profiting from the reduced running expenses in Asia. Asia would lose when you look at the feeling that its economic climate would slow. One could argue, however, that may happen anyways, because of the current state of matters when you look at the international economic climate. Existing company and political journals and mags have actually directed that European countries is in a recession and that the U.S. isn't far behind. The market meltdown has not yet left Asia unaffected-its financial development is expected to cut back to simply more or less 8per cent last year according to experts on Economists and also the Financial instances. As mentioned before, Asia is greatly reliant on trade and development of its exports is vital. A revaluation will consume into its competitive position. This may additionally probably have actually a bad impact on their work market, as less tasks are available in the places for all leaving the outlying communities and going into the urban areas. To answer the 2nd concern, the revaluation ought to be steady to supply the market causes the opportunity to react intelligently toward change precisely as well as for affected constituents to regulate their company practices accordingly. Responding toward last concern, a floating of this RMB would cause it to improve relative to one other container of trade rates since it is presently undervalued considering market manipulation on behalf of Chinese officials. The last two concerns refer to various trade rates and ask what type is most appropriate for Asia. You will find six significant trade price regimes. The foremost is an exchange arrangement without any separate legal tender regime. Within regime, the currency of another nation circulates because the only legal tender, or the user belongs to a monetary or currency union in which the exact same legal tender is shared because of the members of the union. Following this regime implies the complete surrender of this monetary authorities' independent control of domestic monetary policy. The next regime is called the currency board arrangements. This can be a monetary regime considering an explicit, legislative dedication to trade domestic currency for a specified foreign currency at a fixed trade price, combined with restrictions on issuing expert to guarantee the satisfaction of their appropriate responsibility. Some mobility are permitted, dependent on how rigid the financial rules of this currency board arrangements tend to be. The next regime could be the other traditional fixed peg arrangement. Nations that follow this regime peg its currency at a fixed price to another currency or a basket of currencies. The container is created from currencies of significant trading or monetary lovers, and weights mirror the geographical circulation of trade, services or money flows. There clearly was a finite degree of monetary policy discretion, with respect to the data transfer. Asia features used the 4th trade price regime into its monetary policy, which is referred to as crawling peg. The currency is preserved within a bandwidth around a central price, which is modified sporadically at a fixed pace or in a reaction to changes in selective quantitative signs. Maintaining the trade price within the musical organization imposes constraints on monetary policy using the degree of policy liberty being a function of this data transfer. The 5th regime could be the managed floating without any predetermined course when it comes to trade price. The monetary expert tries to affect the trade price with out a specific trade price course or target. Lastly, there is the on their own drifting regime, which has been used because of the U.S. The trade price is market-determined, with any official forex intervention aimed at moderating the price of change and preventing under variations when you look at the trade price, rather than at setting up an even because of it. This is actually the regime that Chinese government should follow since it is market-determined and never available to manipulation, while keeping mobility with regards to monetary policy. Third Party Opinions on Case Problems: This last part will discuss the current scenario with regards to this debate. In accordance with the newest development articles from these types of sources as Bloomberg, the Wall Street Journal and also the Financial instances, the Chinese economic climate features experienced weakening exports because of the U.S. housing slump and also the worldwide credit squeeze. Asia's GDP development is expected to slump, too. The Chinese government features choices to stimulate the economic climate and protect exporters. Reports declare that officials at Asia's main bank intend on slowing the admiration of this RMB. Certainly, this might be a choice that will were made a long time ago and is a major breakthrough when you look at the continuous debate, that might actually attain a conclusion because of the situation when you look at the international economic climate. In accordance with Professor Pan Yingli of Shanghai Jiao Tong University, the RMB was undervalued because the 1997 Asian crisis and these types of a currency exchange policy has been used to finance exports and imports sectors on price of non-trading sectors. Basically, the crawling peg regime used by Asia permits it to control trade rates with its own favor to ensure that it to offer more products overseas, as exports will be the lifeblood of Asia's economic climate. The Asian economic crisis requires four standard problems or dilemmas: (1) a shortage of foreign exchange that includes caused the worthiness of currencies and equities in Thailand, Indonesia, Southern Korea as well as other Asian countries to-fall dramatically, (2) inadequately developed monetary sectors and components for allocating money when you look at the difficult Asian economies, (3) results of the crisis on both usa and also the world, and (4) the part, businesses, and replenishment of resources of this Global financial Fund. Finishing Remarks: To conclude, this situation revealed how trading lovers could possibly be both positively and negatively impacted by the commercial decisions by a number of of this players. It is necessary for nations to realize that we live in an interconnected, progressively international environment by which important decisions are not built in separation. In reality, Asia's choice to follow trade price reform features, for much better or even worse, considerably impacted huge amounts of people throughout both created and building world. Source by David J Stone Tags: growth,business,wyandotte,average annual,wealth management,safe haven,brian teets,financial services,investments insurance,insurance retirement,financial planning,wealth accumulation,safe haven wealth management,investments,retirement planning September 16, 2016 Contact: Office of Communications Phone: 202-693-1999 OSHA to hold two meetings of National Advisory Committee onOccupational Safety and Health OSH Professionals Pipeline Work Grou Source link ... Is Barclays Bank American a good lender or otherwise not? Here is AN UNBIASED article on this global standard bank to help you find out. Customer care #1) In branch solution This could be their particular powerful point they've been known to walk out their particular solution to satisfy client requirements. Generally speaking they have better customer service than some various other banking institutions nowadays. Don't worry if you notice some bad reviews of these solution on line. EACH lender has actually their particular naysayers and while the consumer solution at Barclays is FAR from perfect, it typically gets the task done. no. 2) Phone centers While Barclays Bank American outsource their particular telephone call centerslike other banks-the top-notch solution and English spoke is still quite good. Obviously it depends on whom you have but in most cases you are able to except good over the telephone solution. Interest levels This can be clearly just what everybody is thinking about. These are constantly susceptible to transform, but now if you keep not as much as $1000 within checking account you'll get approximately a 1percent rate. If you have above 1000 it is 3percent. To put it differently This isn't extremely large in comparison to other programs but you can find even worse around. the more restricted the checking account is, the better your prices should be. I wouldn't recommend their particular checking account as a LONG TERM investment however it is an effective store household while you are seeking more lucrative opportunities. What exactlyis the decision? Barclays Bank American just gets the task done. They aren't showy however you know very well what you are getting with them-good customer service, secure net financial, and reasonable interest levels. Resource by George Frederick Tags: ... Tags: Political scientist Barry R. Posen, who was named the Henry A. Kissinger chair in Foreign Policy and International Relations at the Library of Congress John W. Kluge Center, arrived today, Sept. 6. Toyin Falola, a professor of African studies from the University of Texas at Austin, has arrived at the John W. Kluge Center at the Library of Congress to serve as Chair in Countries and Cultures of the South. Falola's tenure began today, Sept. 6. Click here for more information on Barry Posen.Click here for more information on Toyin Falola. Source link ... Personal Finance Services Middletown DE The U.S. Commodity Futures Trading Commission (Commission) announces that the Energy and Environmental Markets Advisory Committee (EEMAC) will hold a public meeting at the Commission's Washington, D.C. headquarters located at 1155 21st Street, NW, Washington, DC 20581. This meeting will take place on February 25, 2016 from 10:00 am to 1:30 pm. Source link Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant... Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant WASHINGTON U.S. Housing and Urban Development Secretary Julin Castro today announced HUD will speed federal disaster assistance to the States of North Carolina, Florida, and Georgia and provide support to homeowners and low-income renters forced from their homes due to Hurricane Matthew. Source link |
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