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Category Archives: Finance

The Commercial Finance Industry

Facts about the commercial finance industry

  • There are more than 28 million small business in the United States of America and amongst these, more than 22 millions are self employed
  • There are millions mid-sized businesses as well
  • Each year, more than 10-12 million businessmen seek capital funding
  • Also, each year about 7-8 million do not get it
  • Loans for small business have fallen

All these prove that there is a huge gap between demand and supply as far as capital is concerned. This gap can only be fulfilled when there are enough lenders in the industry and more importantly, when the borrowers are able to reach to the lenders.

It is not easy to get secure loans these days, though there are many financial institutions out there ready with varied loan options. There are many formalities and many rules and regulations those make it difficult for borrowers to seek loans from these agencies.

Apart from that, the options in terms of the demand are really less and hence, it has been estimated that 90% of the small businesses are in need of your financial services.

Why opt for Global Financial Training Program?

As already mentioned, there is a huge gap and that can only be fulfilled, when more and more financial companies come into the industry.

By opting for this program you can open your own financial company without any risk and earn a whooping 6 figure income in a month. You will also be helping millions out there who are in need of capital.

You will enjoy a safe and secured income. You do not work as a franchise and you enjoy lifetime support.

Make a Career in Quantitative Finance

Making a career in quantitative finance usually means getting hired by an asset management firm, a specialized software development firm or an investment bank. You will have to have to start your journey from any one of the business types mentioned above even if you have set better goals for yourself.

So, what exactly you should do to become a quantitative finance expert as far as your education is concerned? The list below will tell you about the kind of academic qualifications you should have for becoming a qualified quant.

Like any other respectable profession, you’ll need an undergraduate degree. The degree should be preferably in computer science, engineering, physics or mathematics. Whatever might be the course, it should have a mathematical component.

If you want to get a better paid job, we would suggest you to get a postgraduate degree in the same subject you studies during graduation. Getting a post graduate degree is even more important for individuals who want to make a career in quantitative finance, but has not studied any of the four subjects mentioned above during graduation. For those people, there’s always an option of studying computer science or computer applications when doing masters.

You can also do your maters in financial engineering. This subject is directly linked with quantitative finance and will educate you about all the significant areas of this field including stochastic calculus, probability/measure theory, derivatives pricing theory, and a range of programming languages.

If you don’t have enough time to study or wait more before you begin earning, but have the desire of becoming a quant, you will have to learn the following subjects by heart.

  • The first subject you will have to learn is probability. It’s the most basic aspect of quantitative finance. If you don’t comprehend the probabilistic concepts, you will never be able to work effectively as a quant.
  • Next, you will have to learn stochastic calculus. This is a tool all quantitative finance experts need for manipulating the widely talked-about Black-Scholes model. For those who don’t know: manipulating this model often becomes necessary for derivatives pricing.
  • The next subject you must learn is statistics. Your statistics intuition must be of high level for you to achieve success as a quantitative finance expert. We would suggest you to work under an experience professional of this field for a few years to develop knowledge about statistics. You cannot become an expert statistician just by reading books; having practical experience is a must.
  • The final things you must concentrate on are programming languages. If you want to work in a bank, learn C++, C# and Java. If you have the desire of working in an asset management firm, we would suggest you to learn MATLAB, Python, R and C++.

Car Sales with Finance

Whether you’re looking to buy a new or used car, there are some very important factors to take into consideration if you’re considering a financial solution. Not everyone has loads of cash lying around, enabling them to head out and buy a used or new car outright. In many instances car buyers are completely unaware that certain car sales can come with finance, enabling them to buy a newer model, a good quality car and pay off the vehicle over an agreed period of time.

The first thing you have probably taken into consideration is your credit history. Many lenders don’t want to take the risk of you have a poor or bad credit history, possibly no credit history at all. Ideally the better your credit history, the higher chance you have of being approved for the new vehicle of your dreams. There are financial solutions for those who have experienced financial troubles in the past, but have kept a good record for some time.

Ensure when you’re thinking of financing a vehicle that you haven’t had any credit checks done in the past couple of months. You are allowed a certain number of checks each month, the more you have the lower your score. If you are looking at car sales, wait a couple of months after a credit check, enabling your score to increase and enabling you to stand a higher chance of getting the financing you need.

The next step is to identify your employment. Most financial companies will want to ensure you are employed with a stable income, enabling you to meet the monthly repayments. Depending on the company, you may have to show three months of salary advice slips. If you don’t have these or don’t know where you have put them, ask your company for copies. Having these before looking at the car sales options and financial solutions can speed up the process dramatically.

Your age is going to play a role in whether you can get financing. Most lenders require that a car buyer be at least eighteen years of age and have the financial means to make the repayments on time each and every month. If you are younger than eighteen, you may have to get a parent to handle the financial side of the car sales process.

Identify the length of the financial proposal. Each lender will provide you with an amount they are willing to give you, this can be the amount you need to purchase the car and if they are unhappy with that, they may offer you a lower amount. Whatever amount they offer, you will want to know how long you will be paying for. This is important so you can work out your budget and plan in advance, ensuring you can keep that amount aside each month to cover your payments.

The next thing you will have to identify is the APR. APR is the annual interest which is added to the amount you are borrowing. You can’t expect to borrow thousands for free. The interest will also determine how much you have to pay and what the final amount is that you pay for the vehicle.

When it comes to car sales with financing you will want to look at the repayment amounts and ensure that you can easily budge that amount into your expenditure each month. The instalment is based on how much you need to borrow to buy your used vehicle.

The final thing you need to consider is the best way to apply for finance. Some car sales specialists provide the convenience of you applying for your finance online or over the phone, enabling you to know if you have the funds before visiting their shop and going through the vehicles available. This can save you a considerable amount of time, frustration and energy.

Advantages of SMSF Property Investments

It is greatly important to properly plan for the future and the most authentic way to do it is to invest in the SMSF funds known as self managed super annuation fund. With the help of these funds you get the opportunity to save and invest while you work and then you will also be able to enjoy the lucrative returns in your old age. There are such a variety of SMSF strategies prevalent in Australia and amongst all SMSF property investment will be quite beneficial for you. In such sorts of investments you can use your retirement savings to invest in different residential properties in the most advantageous and trustworthy manner. Different strategies that will be applied on your investment will also be highly transferable and portable and hence you will quite effectively continue your contribution in your SMSF funds even if you will switch your job.

Basically with the help of SMSF funds you can quite efficiently contribute in a deposit and then can borrow the remaining required funds for purchasing any SMSF property. If you invest SMSF in property then it offers you advantages like negative gearing for reducing tax, greater investment choices, direct control, member preferences and so forth. In so many cases you can quite evidently find that property investments are negatively geared which means after allowing for the interest on the borrowings, holding costs and depreciation of the property may make a tax loss. But all such sorts of tax losses can be counterbalanced against different other taxable incomes of the SMSF such as member contributions or interests on cash assets, so forth that will quite effectively reduce the payable tax. Self managed superannuation funds also offer most lucrative and versatile investment options. Without borrowing mostly SMSFs are not large enough to afford any property while with the assistance of borrowing SMSFs can effectively afford to include properties in their assets and hence this will offer SMSF such a variety of choices of asset diversifications.

SMSF also offers more control to you over your superannuation investment strategies and additionally these funds can also be transferred to your second generation or any other family member in the different emergency cases like death. In any extreme situation when you are in emergency and need some amount of the fund then there are also options available to withdraw and contribute towards the same. If you are having good understanding about investments and know about the techniques of operating funds then it will be a wise move to invest in SMSF and if you want to get some assistance then SMSF advisers are also available to assist you in the most efficient manner.

Disclaimer: This is not designed for the purpose of providing personal financial or investment advice. Information provided does not take into account your particular personal financial or investment objectives, situation or needs. You should assess whether the information on this website is appropriate to your particular personal and investment circumstances and should do this prior to making any financial or investment decision. The information on this website is not a recommendation to invest in any investment or financial product. You should seek professional investment advice before proceeding on any information.

Tips use Responsible Credit Card

Having a credit card in your possession can often be a recipe for debt and despair. Luckily, it is entirely possible to manage your credit cards responsibly while still taking full advantage of the convenience and rewards that they offer you. Simply follow these easy tips.

  • Start off slowly: If you have never had a credit card before, it is wise to start off slowly. Apply for one card to begin with and insist on a low credit limit. This will make it easier to avoid the urge of spending just for the sake of it! Use this credit card for a few months and get used to paying off the amount that you owe. After a while, you will feel comfortable adjusting your credit limit or applying for another card.
  • Never use more than 70% of your credit limit: If you constantly reach your credit limit month after month and you are not paying off your debt in full, you will start to earn yourself a bad credit score. By spending less, not only will you impress lenders with your ability to control your spending, it will also leave you with enough available credit to use in case of an emergency. 1
  • Monitor what you are spending: It can be easy to get carried away with your spending when you are not paying cash for your purchases. This can often lead to over-spending on your budget. To avoid this, keep track of everything that you buy using your card, as well as the amount that you are going to have to pay back.
  • Do not use your credit card for everyday purchases: It is best to use cash or a debit card for everyday purchases and to save your credit cards for when you have to buy something slightly more substantial such as a washing machine or new tyres for your car.
  • Pay off your credit card in full every month: Not only will this act as a deterrent for ‘spur of the moment’ spending, it will also look great on your credit record.
  • Get help if you need it: If you find that you are beginning to slip into debt, get help quickly. There are many debt counselling professionals out there who can assist you and provide you with a plan of action. Alternatively, you can speak to your bank about taking out debt consolidation loans according to your needs and the severity of the situation.

Ultimately, in order to use your credit card responsibly, you need to monitor your spending closely, try to spend less than your credit limit, pay off your debt in full every month and get help should you ever need it. Also, never be afraid to speak to your bank regarding your financial needs and concerns.

Tips for Transferring Money Online

With today’s technology, you can easily transfer funds from one account to another easily and conveniently within a few hours. With a mere click of a button or tap, you can transfer vast amounts of funds from one country to another. But there are certain things one should be aware of, especially when you are going to transfer money online. With a few tips, you can easily make these financial transfers without any worry. They include the following:

Use Secure Desktop:

When you transfer money online, you will need to use your phone or computer to make the transfer. The best way to make a secure transfer is to ensure that you do not use a public computer or someone else’s phone. Many a times, these public computers might have malicious software installed without your knowledge. This software can collection all the data you are inputting and store them, which can include passwords, account details and user id. This data can then be used to access your account without your knowledge. Additionally, this information can also be used to steal funds or your identity itself.

Use A Secure Bank Account:

To transfer money online, you will be required to log onto the website. If you do not log directly in the officially website, for example, by typing the identical URL, you might log into a website that will seem similar to the official website. However, these websites are malicious and used the technique of spamming and phishing to collect your account data and information. Using this information, you data become public for anybody to use it. Through this process, you account is compromised and can be misused.

Use A Secure Network:

When you log onto the website, you normally use a network to connect to the internet. While making such important and crucial financial connections, you will normally need to use a secured network to make transfers. Open internet connections and public Wi Fi’s normally do not have enough security. Therefore, there is a high possibility while you are making such a transfer, anybody can use access it. With the right combinations of software and professional skill, one can easily access and collect your information. They can also manipulate your transfer in such a manner wherein the money can be deposited in another account rather than the intended one.

Transferring your funds online will save you a lot on your resources and time. However, it is important to keep the security in mind when dealing with such important financial transfers. Any promise can lead to loss of your funds or compromise on your account.

The Benefits of Recurring Deposit

When you begin to earn one must learn to save this finance to create a stable financial future. The only way this is possible if you set financial goals for the near future. The steps to create a financial goal are not very tough and if it is started early, it will be beneficial. In this article, we give you information on how to set your financial goals with a recurring deposit.

Set Up Small Goals

The first step that has to be done is to create several goals that are realistic and small enough that can be executed or reached within a short tenure. This tenure can last anywhere between 6 months to 1 year. Thus, when you start earning, keep a small amount of your income aside for a recurring deposit. This term deposit can be kept for anywhere between 6 months to 10 years, but ideally it can be started for a minimum of 1 year. This will help you plan your future once you have settled down financially in your initial stages of your job.

Prioritize Your Goals

Once you have created your goals, you must prioritize them in order. Based on factors like importance, tenure, financial income, future job planning etc you can create your goals and be assigned in accordance of significance. For example, if you are earning a small amount and you know you will get a raise in the near future, you can plan your recurring deposit scheme is such a way that in the initial months, you can deposit small amounts but later on, you can deposit a larger amount, increasing your returns subsequently. Ensure your goals can be achieved easily and leave space for flexibility if possible.

Consider Possible Drawbacks

There are certain factors that can hamper your goals. However, if you want to ensure that these factors do not cause any long term or hinder your goals permanently, you must take into account these possible drawback, example inflation rates. Inflations rates affect the rates of interest that is normally offered by banks on all possible interests for term deposits. Thus if you are planning a term investment, you must take into account the possibility of certain drawbacks during the tenure.

Match Investment And Tenure

Your investment must match the period of tenure. For example, if you are setting a goal for saving for education or a special occasion in 3 years, you must keep tenure of 2.5 years. This helps in planning for the future and the possibility of more changes or future investment. You can also plan for your retirement in this way simultaneously. Thus in this way, multiple goals can be achieved for your financial future.

The Benefits of hiring a Strata Management

Strata management has become a very important concept in New South Wales. But, it is important for us to understand the pre-strata period in order to learn strata management in a proper way. More than five decades ago, people who want to own a part of a building has to buy shares of the company who owned that building. People used to acquire shares certificates in order to claim the right on the property, unlike today where property certificates are shown to the authorities. It was the year 1961 when the government introduced a new method called ‘Strata’ or Stract Act that enabled an owner to hold the authorization for a part of the building. It also allowed the owner a certain degree of freedom and security, which was denied to him earlier. The Strata schemes have become more lenient over time. Basically, this scheme ironed out the wrinkles that were present on the property acquiring procedure until 1960.

What is the use of strata management?

Have you even visited the NSW Fair Trading site? If yes, then you must be aware of the fact that how important it is to get an assistance in striking a good deal for your hard earned money. There are some major differences between the ownership of an independent house and the ownership of a part or apartment under the strata scheme. Due to this reason, the implementation of Strata management becomes necessary. It is important for you to have a good knowledge about the concept or else you can land into trouble. You should know everything about the owner’s rights, duties and all the laws. If you are looking for an efficient Strata management NSW, then you can search for the top management companies on the internet. I would like to mention top ten benefits of hiring a strata management company.

  1. A Strata management company will provide you with professionally qualified and certified strata managers who will guide you in the right direction.
  2. A Strata management company is well equipped to give an honest and transparent picture to you regarding your property and answer all your queries patiently.
  3. They will not charge hefty fees from you because they know that you are running low on budget, so they will try to make your life less cumbersome and hassle free. Moreover, there are many other formidable tasks they do to provide benefits to you.
  4. With the help of a strata management company, you can sell, rent, mortgage or lease your property at a good price.
  5. They will maintain your property in order to increase the value of it. All Strata management NSW has well trained staff who will look after the property and ensure that it is sold at a good price.
  6. Strata management companies have great skills in managing and selling properties. These companies can raise the income of your properties.
  7. If you have given your property for rent, then they will make sure that you get the highest price as rent.
  8. These companies have a deep knowledge of the real estate business, especially about buying and selling of properties.
  9. Before starting the project, the strata management companies will inspect the property to understand the needs and requirements. They will work hard to maintain a good relationship with you, the owner.
  10. They will manage your property in the best way possible. They will discuss each and everything with you so that there is no room for doubts or uncertainty.

Benefits of a Platinum Credit Card

Even though the irresponsible use of a credit card can have some unpleasant and serious consequences, if you use it wisely, there are many benefits to owning and using a platinum credit card. All it takes is making sure you pay your monthly instalments in full each and every month, and being careful not to spend money you can’t afford to pay back.

Perfect for building a stellar credit history

One of the greatest benefits of using a platinum credit card is that you increase your chances at getting finance applications approved. Whether you apply for a loan, for a dream holiday or your first home, when you have a sound credit history, you will be seen as a low risk client. Conversely, apart from not being able to get a loan, bad credit history can have a negative effect on various other aspects of your life. It can hinder you in getting the things you need on a day-to-day basis, it can result in you having to pay higher insurance premiums and it can even cause trouble when it comes to finding employment. The importance of a sound credit history is often overlooked, and using a credit card responsibly can make an enormous difference.

Enables you to get great rewards

Rewards are another great benefit of being a platinum credit card holder. Basically, the more frequently you swipe your card, the more points you earn, which can be exchanged for air miles, cash back on day-to-day purchases and discounts on travel related expenses, which will be described in more detail in the next section. All these rewards translate into extra cash in your pocket! To earn as many points as possible in the shortest possible time, use your platinum credit card to pay for your daily expenses such as groceries and when filling up at the petrol station. Credit cards are also very useful when paying online and for large purchases such as furniture for your new home or for booking an exotic holiday, and with large purchases you can get a lot of points in one go.

Can give you many benefits while travelling

You can look at your platinum credit card as a welcome, even essential, travel partner. One of the challenges when travelling abroad is getting foreign currency. These challenges are easily overcome with a platinum credit card, even if it means incurring some extra charges because these fees, in comparison with international ATM fees and traveller’s cheques, are minimal. Some other travel related benefits include discounted accommodation and car hire, concierge services, access to luxury airport lounges, emergency assistance, lost baggage insurance as well as cancellation and flight delay insurance.

In closing

In order to get more information about what a platinum credit card can do for you, check the websites of different banks and other financial institutions. This will allow you to make comparisons in terms of benefits and costs so that you can choose the platinum credit card that best suits your interests, lifestyle and other requirements.

Optimize Banking Cards Strategically

Banking cards like credit, debit, ATM and pre-paid card give the client access to funds, either through a credit account of the bank or from the client’s own account normally. These cards will physically have the name, a unique card number and magnetic chip on the back that enables various machines to read and access information. You can create your own password that allows you to use the credit card or debit cards online. So, you use these cards to withdraw cash, make purchases, pay bills and more. Here are some techniques to optimize the banking cards.

Take 50 day credit on your credit card:

If you want large sums of money urgently and don’t have the money at that moment, you can use the credit card. With a card, you can get an advance or the superfast loan from the bank at any time. You cannot use ATM card like that because you need funds in your bank account. But, the card allows you to repay in this loan in installments if you have the credit card, giving you a stronger buying power. However, exploiting this 50 day loan is a bad choice as you may have to repay high interest credit card debts that you cannot afford. It is a great tool, if you use it wisely.

Use prepaid cards to limit shopping expenses:

The pre-paid cards have the limited purchase ability. You can make purchases, pay bills, etc. But you have to use your account’s funds with such cash cards. So, it is limited to the amount of money that is present in your pre-paid card. This mostly prevents you from spending excessively. If you use the credit card to make these expenses, your credit history may get affected. You may or may not be able to repay all the credit card debt back in the near future. This can be a really good practice for shopaholics. It is also a great way to help young teenagers understand about the money and the control. Most of the banks offer various types of prepaid card based on your need and you can even gift a prepaid to you relative or a friend.

Use credit or debit card to make online transactions:

You can use debit and credit card to make all kinds of purchases online. If you have sufficient funds in your account, you can pay utility bills, insurance EMIs and make purchases from e-commerce websites easily. You can use it as the ATM card too. But, if funds are tight, you can use plastic money for the much needed expenses. These kinds of transactions save time and funds, but overuse may harm your credit history considerably. All banks offer ATM cum debit card based on the type of your account and one can also apply for credit cards as per the needs.

Enjoy the special rewards on credit cards:

The advantage of having a credit is the reward programs. With these reward programs, you get an added privilege and exciting incentives when you buy certain products from certain places. There rewards are exclusive to the card holding members only. These rewards are like the monthly offers; some offer a discount or freebies for using credit card in select organizations; some offer cashback for making purchases.