Investing Help and Advice

You may not already know it but you are already an investor. Anyone who puts money into an account which may grow in value is an investor. It does involve a slight risk and the higher the risk the greater the return generally will be.

Most of us have a financial goal. Whether we are saving for a deposit for a house or a well needed holiday. We usually begin by saving a little bit of money each month and depositing it into a savings account. When this money mounts up a little you want to think about whether or not that amount can be increased with interest. This is when you start contemplating investing your savings. But where do you start? Is it worth it?…

You need to start by working out which type of investment is best for you. Setting up am investment package can help.

Things to think about.

Returns – Do you want to see the returns as a growth or as income

Duration- How long will you be investing for.

Access – Do you want to get hold of the money quickly and easily.

Risk – You must understand the risk that maybe involved.

Why are you investing and how much money do you need to start the process?

Think about your personal feelings towards the risk. Are you happy to have a steady income over the years or are you willing to invest in shares which may go up or down depending on the market.

The most common are shares and bonds, however some people do invest in property. You could invest in a company, one which may pay a dividend. A shareholder can benefit from any gain, income or profit that the company makes.

You can choose the option of a bond which is a lower risk than shares, however you do get what you put in so to speak, so you may find you are rewarded more financially by taking the higher risk option.

Make sure you do your homework. Do some research into the type of risk you are taking on. Go online and get some information and details on different investment opportunities. Research the different companies investment options and even research the company itself and get a feel for the possible outcomes and if it matches your personal investment package.

Get some advice from a financial advisor who is reputable and has a good experience of investment management. This is advisable and don’t forget you don’t have to put all your eggs in one basket so to speak. Spread it between higher and lower risk options. But always know your limits.


Hurricane Sandy: Will Insurance Companies Cover the Cost?

Insurance Will Not Cover Some Losses Caused by Hurricane Sandy

Hurricane Sandy swept through the East Coast on October 29, 2012. New York and New Jersey were hit the hardest and suffered the most property damage. All states from Maine to Virginia experienced some degree of destruction. Unfortunately, many homeowners and business owners are learning that their insurance policies do not provide coverage for all of their financial losses.

Flood Damages May Not Be Covered by Insurance

Hurricane Sandy caused extensive flooding in areas that did not previously experience flood damages. Standard insurance policies for homeowners do not cover property damage caused solely by flooding. Homeowners who did not purchase separate flood insurance policies can suffer uninsured flood damage losses that will cost hundreds of thousands of dollars to repair.

Mortgage banks require homeowners with houses near the shore to purchase flood insurance. Most commercial insurance companies do not offer flood insurance. Flood insurance in the United States is generally purchased from the National Flood Insurance Program offered by the federal government. Homeowners who did purchase separate flood insurance policies are often disappointed to learn that their expensive policies do not cover all of their property damage losses caused by flooding. The National Flood Insurance Program only insures up to $250,000 in property damage and up to $100,000 in damage to the contents of the home. Additionally, damage to personal property located in the basement of a house is not covered by flood insurance. Homeowners who have fully furnished basements will not receive insurance funds to replace the cost of the furniture and personal possessions in their basement.

Insurance Will Cover Losses to Cars Damaged by Hurricane Sandy

Useless cars filled with mud and debris were a common sight along the East Coast after Hurricane Sandy. Fortunately, comprehensive car insurance policies provide coverage for flood damage to cars.

Business Interruption Insurance Will Not Cover All Business Interruption Losses

Businesses across the East Coast were forced to close due to Hurricane Sandy. However, many insurance companies are refusing to pay business interruption claims caused by the storm. Insurance companies will typically only pay for business interruption losses if the business suffered direct physical damage. However, businesses that did not suffer property damage still suffered business interruption losses. Breakdowns in public transportation systems and flooded roads made it difficult or impossible for businesses to open for days after Hurricane Sandy.

Insurance Coverage is Helping the Recovery Effort, but Many Uninsured Losses Remain

Payouts from insurance companies are helping rebuild the parts of the East Coast devastated by Hurricane Sandy. However, homeowners and business owners are discovering that not all financial losses caused by the storm will be covered by their insurance companies.


Business Cash Advance – Finding Ways To Get That Business Financing

Maintaining a business is never easy. It constantly pushes you to the limits and challenges always arise. Sometimes it gets worse especially if you don’t have the funding or resources that you need to keep things going. Almost every business, whether big or small, has undergone this type of situation wherein the finances are badly needed in order to continue the operation of the business.

Although proper finance management can help in preventing this type of situation, the chances of the business needing more funds can’t be eliminated. Financing is required to buy the raw materials, pay monthly expenses and even in expansion of the business. Business advance is here to answer all your financing problems.

Before, owners that need cash opt for business loans from banks. This type of loan is one of the most terrible burdens that a company wants to have. It requires collateral, its rate of interest is very high and it requires a fixed payment scheme.

A lot of business owners have lost their assets because of this type of financing. Putting your property or assets at risk can be stressful. By not making the payments on time, it is easy for the banks to take them. With a lot of issues concerning this type of loan, many business owners are looking for better ways to get the financing that they need. Business advance is the answer.

Business cash advance is gaining popularity during the recent years. It is a popular method for financing businesses. What these cash advance companies do is to buy a number of Master card and Visa receipts from owners of businesses and provide them with a business cash advance. What the borrower receives is not a loan but rather a cash advance.

The advance company is paid by future Visa and Master card receipts through the account of the merchant or the borrower. The borrower doesn’t have to pay the company personally. When a transaction has been made in the borrowers business and it is paid through Master card, a percentage of that payment goes directly into the cash advance company. It eliminates the hassle of paying that is why it is convenient.

The advantage to this merchant cash advance is that there is no need for a fixed payment scheme and no collateral is needed. If there are only a few customers who pay using Master card, the borrower need not worry because it is not his obligation anymore.

If you are in need of resources for your business, then merchant cash advance is here for you. You don’t have to worry about monthly payment schemes or putting your assets on the line as collateral. The merchant cash advance company will take all the risks. If your sales are down, the burden will be on the part of the company. It is a good way to get financing because it is a win-win situation for everybody.


Seven Easy Steps To Take To Plan Your Business To Profit

Every year many businesses end in failure. Studies show that one notable cause of business failure is lack of planning.

Indeed, there’s a saying: “Failing to plan is planning to fail.” In business as well as in life, planning is a must. Without a plan, there is no direction, and managing a business without direction often leads to collapse.

How do you make a business plan for profit? Here’s how, in seven easy steps:

1. What are your goals and objectives?
What do you want for your business to achieve? How much profit you want to generate?

The first step in business planning is knowing your objectives. Your objectives is your direction. You cannot achieve anything unless you know where you are going. A business plan will clarify in your mind what you want, and to find ways and means of getting it.

2. What are your products and services?
What products and services will you sell to generate revenue and income for your business? To do this you must know your target market, your customers, without which you have no business. The customers are your business’ reason for existence.

3. Who are your customers?
This is basic. Who are the buyers of your products and services? It is important to have a market niche – the specific group or class of people with specific needs and wants. Are they women, students, senior citizens, babies, teenagers?

Each of these segments have their own specific needs and wants. The secret is finding your niche and serve them well.

4. Who are your competitors?
Who are your competitors? These people sell the same or similar products and services that you are selling. It is important to know the competitors’ prices, techniques, promotion, and marketing.

Unless you know your competition, you won’t survive for long. Thus, it is important to know your competitors’ strengths and weaknesses vis-a-vis your own. That is why, having a market niche is important.

5. How do you market and promote your business, products and services?
Once you have the products and services, the market niche, and identified your competitors, then marketing, promoting, and selling your products and services would be easy.

How will you attract the attention of your customers and keep them interested and coming back for more? By advertising and promotion, of course.

6. How much is your budget?
All these activities and strategies require a budget. You must have a financial plan, to know how much are your expenses, revenue and profit. In your plan you must know the sources of your funds, the cash inflow and outflow.

7. How will you manage?
Any business needs management. To implement all these things you need to manage, coordinate and lead. But when you have the plan, then you have a road map, a direction. You know where you are going and how to get there. The rest is up to you.