Free Finance Magazines

Finance is news for every one’s consideration. Those who are in this industry, have to keep themselves updated always about the latest happenings in the market. But for those also, who just want to have an extra knowledge about the most happening field in the market today, they should be well updated about the latest … Continue reading “Free Finance Magazines”

Finance is news for every one’s consideration. Those who are in this industry, have to keep themselves updated always about the latest happenings in the market. But for those also, who just want to have an extra knowledge about the most happening field in the market today, they should be well updated about the latest news and updates regarding financial conditions in market.

Looking broadly at this situation, there are many ways to keep updated, but not every way is feasible. One way is to have a work circle of your colleagues and like many people that interact with each other in order to develop newer things in a particular field. There can be research topics and opinion exchange between these people. This is not possible always because different people have their different views and its not always possible to cope up with other’s views. Other option is to have some subscription of a business magazine or some book that gives you monthly or weekly update about financial conditions. Usually such magazines involve huge subscription fees which may not be every time affordable.

One more option is to use the latest technologies and go for internet to search for your topic of interest. But as they say, nothing is free and in case of free finance magazines, this information can also cost some value. So what remains is to search for such a free finance magazines which gives you free information and updates about the current financial market conditions. There are many such websites available which provide you free finance magazines having information about current topics and changes in the financial stabilities. Get to know all the views and reviews from the experts in the industry along with the new schemes of investments and capital management. Get free subscriptions for worldwide leading famous magazines. For such free digital subscriptions, you have to fill a simple form consisting of your personal details such as name, detailed address, company name, business email, the sector under which your company belongs etc. After the confirmation of your email, you get to choose the type of services you wish to receive from them; all this and with no subscription costs involved.

News from magazines related to daily facts about business related to safety of organizations, various pension schemes and retirement investment plans, news and updates related to the international organizations such as ICFA (International Custody and Fund Administration) and more are obtained. You get to interact with many renowned individuals in this field and get their views on your queries. You can post your queries to one of the magazines and get the editorial reviews and solutions on your situation. Get the latest information about various investment plans including local as well as international market investments.

Family IQ – Top Tier Financing Update

After the launch of the marketing arm of the the Family IQ in January 2011, there have been significant changes that have been unique to network marketing and direct sales to customers. The original quest was to market the products and services from the therapeutic community and into the mainstream, that is still the case, however, elements have been added to allow those that would have not been able to afford a top tier in the past.

Beginning the first week of June, financing will become available to new customers for 2011. Financing will be available for anyone wishing to join or purchase their quality coaching and mentoring training and development programs as well as becoming a direct sales consultant with a small investment of $200. Family IQ is the first top tier to offer such an opportunity to generate sales, interest and support to those that need the services. The compensation is unique as well. After the financing is approved, the new member has full access to the tools and resources as well as to the compensation structure.

The way that financing changes those interested in joining, it allows options to be available, more and more potential IBO’s will be able to benefit from this business model. This will be a game changer as other MLM and network marketing groups are not offering the same. This will increase the opportunity two to three times where it was at the launch. This makes it exciting for those currently involved and anyone looking to be a part of this business. The special financing offers many new opportunities for sales in top tier models with cutting edge financing options changing how top tier product lines for training and development courses will be offered. The financing structure will allow for anyone to be approved.

The corporate website will be updated by beginning of June 2011 offering new financing options that will become available from the company, the financing is currently available in the US with future options outside the US in the pipeline. The upside potential is exciting and provides all IBOs the opportunity to participate and access training and certifications provided online by Family IQ.

FamilyIQ was founded in 2001 by Company President and CEO, Mark Hobbins, offering state-of-the-art family skill building tools to treatment programs and therapists who wanted to improve family relationships. Over the last decade, FamilyIQ has provided its content, tools and technology available to not only the therapeutic community, but also to large employers and wellness programs who likewise are dedicated to improving families.

How to Use the Google Finance Search Tools

Stocks and the stock market is a fast-paced world to keep up with. In order to stay ahead of the game, you’ve got to be organized, aware of what’s going on, and have easy access to the latest financial news. The Internet has quickly become the number on means of getting and sharing information immediately. This is crucial for keeping up with finance. Furthermore, websites like Google.com have additional tools and resources to stay updated and informed about the financial market. Google Finance is a branch from Google.com that focuses solely on the financial information and news that is so vital to you.

To access Google Finance, click “more” at the top of the page on Google’s homepage, then click Finance. On the home page of Google Finance is five tools that will help you stay updated and organized. Here’s a brief description of how to use each of these tools:

*Markets*

This is a great way to get a quick overview of the current position of global markets. The top section, “Market Summary” shows articles from leading stock market analysts and is updated quite frequently. You will see a link to the original article, a summary, who provided the information, when it was posted (in minutes), and include a picture of any grafts or images were included in the article. This is a great way to see what the latest news is, and decide from there if you want to read the full story.

The next section in the “Markets” tool is the top news stories relating to the market. Under that is the “Sector Summary” showing the increase or decrease percentages for stock in certain sectors, like Basic Materials, Conglomerates, and Energy. The last section in “Markets” is a basis analysis of market trends, including for categories:

* Popular-showing the trends for the most popular, most researched corporations and businesses.
* Price-showing the top 5 stocks that are currently gaining and losing percentages.
* Mkt Cap-showing the top 5 gainers and losers with the highest market cap.
* Vol-showing the top 10 stocks with the highest volume.

*News*

Basically, this is a listing of all the news stories about the market. The news is listed in the order that they were posted with links to the original article, a summary, and the company that provided the information. To the right is a subsection of “Top Stories”, to see the most popular news stories.

*Portfolios*

You must have an account with Google to use this section. This is where you can organize your current stock investments. You can add ticker symbols of the stocks and mutual funds you are purchasing or watching, add transaction data, etc. You will then be able to track your progress and see recent activity in your stocks.

When you add a stock to your portfolio, either to watch or buy shares, you will then see a basic preview of the stocks, and have the option to see the overview, fundamentals, performance, and transactions (shown is separate tabs) for each stock.

*Stock Screener*

This tool will help you get information on current stock. You can search for stocks based on their market cap, P/E ratio, Dividend yield, and 52w price change, or a combination of all or some of these criteria. You will then be shown a list of matching stocks in alphabetical order below. Each stock is a link to a page summarizing this stock’s detailed information, like shares and recent activity, etc. From here you can click to watch the stock, which automatically adds it to your portfolio. Under the basic summary is a listing of related companies that you might also be interested in, including their current status.

*Google Domestic Trends*

This tool will show you trends of searches performed on Google by US users, compared to the actual sales in that area. Since the majority of Internet users use search engines to gain information, and Google is the number one (by far) search engine used, this could be a valuable resource. You can compare the rise and fall of searches performed on Google to actual purchases to see a different prospective on the popularity of certain markets. There are several market sector categories to choose from, like computers and electronics, durable goods, and real estate.

Efficient Markets and Behavioural Finance

As a first step, let me explain how efficient markets behave. Think of supply and demand. The prices of assets adjust quickly as new information arises. New information could be quarterly earnings, the CFO leaving the company or a patent approval. Anything that is linked to a company and makes economic sense. As new information comes to market, investors trade on that information and the price of the security is adjusted upwards or downwards. For every willing seller there is a willing and informed buyer and the market clears at the market price. In other words superior risk-adjusted returns cannot be achieved in an efficient market because the price of securities reflects all past and present information about the fundamentals of those companies.

However, though evidence suggests that markets are efficient, researchers have shown that sometimes securities can be mispriced for a longer period of time which translates into a market anomaly that can be exploited by informed traders and investment managers. Take for instance the internet bubble in the late 90s where everybody bought stocks in the tech sector because ‘it is a no brainer to do so’ or the more recent housing bubble where again ‘you had to own a house’ under those ridiculous conditions.

Now you must be confused. If we are living in a world where markets are efficient and investors make decisions after a thorough analysis, why do we still have mispriced assets and financial bubbles?

The answer is very simple: because we are all humans! And as humans we exhibit biases. Some of them are cognitive, being the response of faulty reasoning and some of them are emotional, stemming from past experiences, feelings and intuition.

For example you are an investor who would like to trade in the stock of Apple. Based on the information you gathered and your own assessment you conclude Apple is a good company to own. The current price at which one share of Apple trades should reflect all available information about the future upside potential and as a rational investor you think you are paying the correct price. As new information comes to market you should update your forecast about Apple in a diligent and disciplined manner. You should incorporate new information according to Bayes formula and assign a probability for that event to happen. Thomas Bayes has developed this model to determine conditional probability. It relates current to prior probability of an event.

Think of it from this perspective: the stock price will rise if interest rates fall. It means the stock will change in value if interest rates fall. Think what is the probability that the interest rates will change? You are trying to find out what is the probability the stock price will change in value and you are basing it on the probability that interest rates are going to fall. You got that probability. All of a sudden something happens at the macroeconomic level and you need to update your probability that interest rates will fall and you will also need to update the probability the stock price will change in value. This process or reassessment is done with Bayes formula. It is a way of conditioning your prior probability if new info comes out. It is simpler to use it with a decision tree.

With that in mind you should make decisions that maximise your utility function in the aforementioned case, buying more, holding it or selling the stock. Did you follow the above process precisely? If not don’t worry. It doesn’t mean you are less disciplined or less skilled than professional money managers. You have to know it is really infeasible to analyse all possible relevant data and assign a probability to each event.

Behavioural finance assumes investors employ a combination of traditional finance and psychological biases when making investment decisions.

This is the thing, the assumptions of traditional finance doesn’t always hold true. Investors don’t make decisions according to their utility function and don’t update their expectations according to Bayes formula.

People are not fully in control and rational when making decisions and this is because we lack the cognitive resources of looking at every possible situation and arriving at an optimal conclusion. Instead, we have a set of goals we would like to reach. Buying a car then a house followed by a vacation house. We take things step by step and take decisions that will help us reach objectives one after another. People’s goals are based on experiences and comparison with what other people have achieved: friends, neighbours, colleagues, public persons etc. If you succeed you will adjust your goals upwards and if you fail you will adjust them downwards. This is where behavioural biases play an important role. They shape your thought process which in turn alter your decisions. And just to give you an example, think of people who already own one car per family member and want to buy another one, just for fun. From an utility point of view do they really need another one? No, absolutely not. But what drives them to go to the dealer, test-drive it and buy it? It could be explained by a lack of self-control which is a bias. The tendency to overspend current income and forgo long-term plans. Or it could simply mean that they have a lot of money and can afford buying and keeping another car in the garage. Whichever the answer they will buy a new car. Behavioural bias attempts to explain why they make the decisions they make.

As a wealth manager and trusted advisor for high-net worth families I have an unique opportunity to work closely with them and observe their behaviours on how they run their businesses, investments, or how they perceive risks. I will guide you in the following articles on how behavioural biases influence our day-to-day lives and how we can moderate, reduce, or even eliminate them, depending on the root-cause of the bias. I am doing it because in my professional experience of more than 6 years as a wealth manager, I have not seen any advisor or portfolio manager working with his clients from a behavioural stand point and looking at understanding and shaping their relationship and strategy of investments taking this factor into account.

Are Your Finances in Order?

Could you locate one of your important financial documents at a moments notice? Do you know details about your current financial status? (Besides “I’m broke!) Have you made long term plans concerning your finances? If you’re like most people, and answered no to these questions, you need to do some financial organizing. Making sure you have some type of filing system, figuring out a budget, keeping insurance up to date, and establishing a will are all important steps to becoming organized.

First, you should set up some way to organize all of your financial documents. There are programs and websites that can be helpful in getting you started. An excel spreadsheet is an easy way that you may already have on your computer. You also need a filing system for paper documents that you need to keep. Some things will need to be kept forever, such as, birth certificates, divorce papers, life insurance policies, military records, and social security cards. Other things need to be kept for 6 years such as, bank statements and cancelled checks, investment records, and tax returns. Everything else needs to be kept until it is updated and then old versions can be discarded. Always make sure to dispose of financial papers properly by shredding or burning them.

Once your documents are filed and organized, it’s important to get a budget down on paper. Make sure to list all of the income you have in bank accounts, all property owned, stocks, bonds, cars, and jewelry as your assets. Then list all liabilities that you currently owe on, for example, your house, car, credit cards, life insurance, loans, etc.. Subtracting liabilities from assets will give you your net worth. Next you will need to look at your monthly income and expenses to see if you are making more or less than your spending. If not, find some ways to cut corners and save more. If you are bring home more than you’re spending, think about putting some of the extra cash into your retirement fund.

Making sure all of your insurance policies are up to date is another important aspect of financial organization. Keeping health insurance and disability insurance current is important in the event of an illness or accident that might leave you out of work for a while. A health impairment of any kind that interferes with your work can be financially devastating, especially if your finances are in a disorganized state. Also, if anyone depends on you financially, you should have life insurance at an amount that would be beneficial to your family to continue on at their current status in the event of your death. Having insurance can make the difference in your financial security because you never know what could happen tomorrow. Insurance makes sure your needs would be met.

Finally, when all of your finances are organized, budget is set and insurance is updated, it’s important to set up a will. If something were to happen to you or you and your spouse, you would want your children taken care of and your financial wishes carried out. A will is a legally enforceable declaration that will do exactly that. An attorney would be a good advisor because will can be complex and laws are different in each state. Once established, a will can be changed or revoked by you at any time. So keep it updated with your present wishes.

The Best Free Online Personal Finance Tools

Proper financial management – most coveted by millions and millions of consumers all over the globe. Faced with this tough economy, it is harder than ever to handle your finances well. But the great news is that establishing a solid financial plan for your future has become more affordable and attainable. There are a lot of online personal finance tools that are offered to individuals for free to help them manage their finances better. These are effective instruments to become financially stable while saving yourself from getting into debt trouble.

In today’s modern time, tracking every single detail is quite hard and even more difficult when money is the issue. Thus, getting help from online personal finance tools sounds very beneficial. In addition, these tools come free and very handy. Calculating your cash inflow and outflow can be easily done in the comfort of your home facing the computer.

Personal finance is a method of following your finances in a more streamlined manner. Since listing down on a paper every detail of your expenditures does not function well any longer, a personal finance device found online gives a far bigger and better assistance.

The following are some of the best online personal finance tools from budgeting to checking one’s credit score that are offered to individuals for free:

For Money Budgeting

1.) Mint.com

·Mint.com is one of the most popular and well-loved free online personal finance tools by the people. With over 8,000 financial company connections worldwide, this online means offers a wide variety of understandable and easy to use tools.

·Once you have registered an account, you get 100% access of your whole finances such as your credit cards, grocery bills, loans and other personal expenses.

·It offers a very detailed tracking program about everything that goes on with your finances from – the things you spend your money on, how much monthly savings you have as well as your investment’s performance.

·Automatic alerts are also given to you through a text message or an e-mail especially when you are on the brink of reaching your card’s credit limit or if you have too little money deposited in your bank account.

·In addition to these services, this online tool can also show you budgeting charts and spread sheets that teaches you how to budget in every expense category.

2.) Wesabe

·Wesabe.com is a website that provides strong financial management instruments while at the same time having that social networking appeal since it offers an active forum for clients who seek support and give encouragement to each other in order to reach their respective monetary goals.

·Since it is more hands-on website as compared to Mint, you have the choice of putting your bank or credit card statements on your own. Since this is not done automatically, you safeguard your identity as well as important details such as your account numbers and passwords better.

For Financial Planning

3.) Buxfer

·A more basic and less updated free online personal finance tool found in the web, it is best for people who are looking for fuss-free financial planning instruments.

·However, what makes it stand out among other online financial planning device is its user-friendly interface. Buxfer is equipped with a step-by-step how to guide, easy to understand instructions as well as fast account set up.

For Investment Tracking

4.) Social Picks

·SocialPicks.com is a business based online company that focuses more on tracking a person’s investments. It provides an independent service wherein you can easily gain access of your asset’s performance while at the same time allowing you to make comparisons with other investors. Financial advice is also provided to help you market your investment better.

For Credit Score Checking

5.) CreditKarma.com

·Functions just like your credit score bureau company, this website offers you an updated status of your credit score. Also, advice is given on how you can improve your rating as well as tips on how you can repair a rating with glitches.

·The only main difference is that you need not give out your credit card details. All you have to type in is your name, address and SSS (Social Security Number).

Online personal finance tools are great devices in keeping yourself up to date with your finances current status while at the same time giving you help to make financial planning more effective without the scare of getting scammed.