Keeping Step With Financially Safeguarding Your Children After Divorce

No doubt you hoped your existence would be “happily ever after” when you said, “I do.” Let’s be honest, no one pictures sitting across from a husband or wife during divorce proceedings and thinking “I never noticed those nose hairs when he flares his nostrils in anger.” or “Wow! She spits when she says her “S” words. Somebody get a towel.”

Once you’ve faced the reality of the end of that particular dream, you will realize that now is the time to look forward: to believe this came along for a good reason…to teach you something, or to guide you on another path, to nudge you out of that safe cocoon and into a wilder, richer adventure. Your whole future is open, if that’s how you choose to look at it. Once again, you are free in so many ways that you weren’t when you were part of a “couple.” Take advantage of it. Have fun. Learn from your past, move on and LIVE.

When you are preparing for your new life, you’ll inevitably ask yourself some hard questions, one of which will be: Will my children and I be able to afford our future? Just as you prepared yourself for divorce by learning to pay attention to finances and ensure the security of you and your children, your goal now that the “papers are signed” should be to continue diligently focusing on your resources and be prepared to research and study what measures to take if something goes wrong.

Right After the Divorce is Final

This is the time to proceed with caution. Maybe your ex took a lot of possessions from the house and you’re tempted to go out and buy new items to replace them. Resist this urge. Take it slow and easy so you don’t get in over your head. This is a sensitive time.

Your finances, even if you’re getting child support and/or alimony, and if you have a good job, are bound to falter for a while. Issues may come up unexpectedly-new insurance and medical costs, or you may be paying rent or mortgage for the first time. The legal fees from the divorce could be bogging you down and forcing you to tighten your budget considerably.

Keep up those itemized lists of your expenses that you started during the divorce. Here are some ideas of what you should track:

o List where every dime is going, especially cash. Paper money has a tendency to disappear.
o Discover where you can cut costs and where you can spend a little.
o Know what months will be tight and which ones will be easier.
o Budget in advance for things like auto insurance and taxes.
o Use an accountant or a good book on finances for advice on how to set up and maintain a budget.
o This process will take at least a year. Remember that some years will be more expensive than others; for instance, you could some day be faced with your child’s senior year in high school which would involve a class ring, rental of the cap and gown, graduation pictures, the senior breakfast, the senior prom etc. Don’t let events like this blindside you.
o Continue to contribute to your 401K, savings account, or individual retirement plan, even if it’s only for a small amount.

Keep in mind that there will be many things that change:

o You’ll probably buy a different amount of food at the grocery store.
o Where you end up living could account for a huge chunk of your resources. Even a modest apartment could mean a third of your income. If you are a homeowner, not only the mortgage but also the upkeep may stretch your budget.
o You may go to work for the first time or start a new job.
o The money you used to spend on the holidays will likely change (you probably won’t be buying those earrings or new golf clubs for the ex).
o If you have custody of the children, you may be paying for childcare you didn’t have as an expense before the divorce.
o Your income will likely be different.
o You might lose financial support from generous ex in-laws.
o You’ll probably have to hire babysitters more often.
o Not to be stereotypical, but if you’re a woman, you may find yourself hiring someone to do the yard work or you may now take your car to the shop. If you’re a man, you might eat out more, or hire someone to do your laundry and ironing.

Credit Issues

If you treat your financial life with care after your divorce, you may end up better off than before, both financially and psychologically. Watch out for the desire to buy unnecessary items in order to feel better. It takes time to adjust to your new financial status after a divorce, and you don’t want to ruin your credit or fall short when the bills come due. Be responsible: take care of important issues like life insurance, medical insurance, car insurance and home or renter’s insurance. Build up your money accounts, even if it’s just a little at a time, so that you have emergency padding.

Make sure your credit is now in your name only, or establish it for the first time if you need to. If your credit has suffered along with your marriage, there’s help available for that with reputable credit repair law firms. Order your credit reports and review them carefully. Be sure to report any mistakes to the credit bureaus. Most of all make certain your ex’s name stays off your credit reports. You can do this by ordering your credit reports every six months.

Check to see if your state supports the new “Security Freeze” system. Security freeze gives you the opportunity to lock access to your credit file against anyone trying to open up a new account or to get new credit in his or her name. When a potential creditor or seller of services tries to check your credit file, the freeze prevents them. When you are applying for credit, you can lift the freeze temporarily using a PIN.

It sometimes helps to have a couple of credit cards with balances available for “just in case” purposes. Since we never know what the future will bring, especially when we’re raising children, those available balances may one day come in handy. But need I say to beware? Credit card use is insidious and extremely easy to lose control of. We’ve all probably learned this–sometimes the hard way. So, use caution with credit cards or any easy money.

Child Support

In your divorce, child support was probably one of the major issues after who was awarded custody. The parent with main physical custody is generally the parent entitled to child support. The agreement decided upon in negotiations and/or mediation, or the court decision concerning how much your child will receive from the person paying child support, will impact the financial well-being of you and your children for many years to come.

Retirement Plans

If you didn’t cover retirement plans in your divorce proceedings, now’s the time to handle this subject. Keep in mind that you are doing this for your child/children. Sometimes it’s hard to go after something that you know is going to make your ex angry. But grit your teeth and follow your attorney’s advice, especially if your ex spouse is the only party with a retirement plan. The plan was set up to make the golden years easier for you both, so it isn’t right to simply let him or her take the entire thing. You deserve a portion of that retirement plan. Go with your instincts. This money will make life easier for you all.

Why a retirement plan should be shared

If you’re reading this and you’re the one who’s contributed to a retirement plan, you’re probably seeing red about now. It’s your money, you earned it, and the very thought of having to give some of it to an ex you won’t even be living with come retirement time, is pretty galling. Yep. But keep in mind that the money from your plan will directly and indirectly benefit your children. Almost every state in America has thrown retirement plans into the marital asset basket, and as such, they must be divvied up. If your ex spouse, for instance, has been a stay-at-home wife and mother for thirty years, you may have to say bye-bye to a respectable chunk of your retirement plan.

The plan or cash?

Sometimes what an ex spouse might really want and need is ready money-for instance, if said ex spouse is the one moving out of the home, starting a job, caring for the children. Money right now might be what this person really needs, and you may be able to negotiate. Your ex may be willing to give up claim on any part of your retirement plan if you’d be willing to pay cash now. This might work out to your benefit; it really does depend on the size of your retirement plan and how much cash you can come up with. Keep in mind that your money will benefit your children more now than it will if you wait for retirement and they are likely grown.

The lowdown on qualified domestic relations orders

A Qualified Domestic Relations Order or QDRO, is a legal order subsequent to a divorce or legal separation that splits and changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. QDROs may grant ownership in the participant’s (employee’s) pension plan to an alternate payee, who must be a spouse, former spouse, child or other dependent of the participant. QDROs must first be entered by the State domestic relations court and then reviewed by the plan administrator for compliance with ERISA or other applicable law and the terms of the plan.

As you can see, it isn’t always a spouse or ex spouse who gets a portion of your retirement plan. It can also be your child or children. There are some things to figure out, calculate, and be wary of when using one of these orders. Before you decide on one of these plans, you should research it thoroughly and perhaps consult an attorney.

If your ex spouse is bitter over losing part of his or her retirement plan, you might consider another avenue. There are ways you can give up any claim to the plan if the ex will give you something else of equal or higher value, such as the house, or money in a savings account. To determine what would be of equal or higher value, the retirement plan must first be evaluated.

Points to Ponder

At first you’ll probably be too busy to dwell on much of anything after your divorce. You might still find time to recap a thing or two as you’re falling asleep; but your job, car repairs, preparing food, chauffeuring your children and managing your money may not leave much energy for thought and reflection.

Maybe there will come a day when the bills are paid, the children are playing, and you have a few moments to catch your breath. This will be a good time to take stock. Ask yourself:

o Have I done everything I can to make sure my children’s financial future is taken care of?
o Am I afraid of future money matters, or am I confident?
o Are my children in need of anything materially?
o Am I prepared for financial emergencies? Have I taken care of every contingency that I can foresee?
o Are we eating well?
o Are we exercising? Taking care of our bodies and keeping up with our healthcare?
o Do I have a contingency plan in case something unforeseen happens financially?
o Is my will in order? Have I covered things like:
* How any money I have will be divided.
* Do I want any assets or money to go to my ex?
* Who will take care of the children if something happens to me?
* How will the children be provided for?
* Who do I want to carry out my wishes? A relative? Lawyer?
Be sure to put your notarized and signed will in a secure place like a safe deposit box. Leave a copy along with instructions with your attorney or someone you trust.

Suggestions that can help

Whatever you’re feeling after your divorce, know that it’s probably normal. Here’s a short list of things you can start doing to make the adjustment period more manageable:

o Counseling. How can counseling save you money? Consider it preventative care. Paying for help up front, especially after a divorce, may deliver dividends in the form of mental health. If you do take this aspect of your future on, treat it like any other expenditure. If counseling isn’t affordable, practical, or possible, what about a divorce support group? Therapists have lists of these organizations, and their numbers can also be found in the phonebook. Friends or co-workers may know of good therapists. Your doctor, too, will probably have access to this information. Another option is to find a life coach. What is the difference between a life coach and a therapist? To put it simply, a therapist may attach the majority of emphasis on the past, where a life coach focuses mainly on present issues and how to deal with them. Some life coaches are able to assist you to create new ways to earn money and/or to upgrade your present job, business or talents.

o If you are struggling financially because your job doesn’t pay enough, work on your resume. Make sure it’s up-to-date with all your great accomplishments listed in black and white. The Internet is a good source of “how-to” tips on updating your resume. And if you’ve stayed at home the last umpteen years, don’t forget that a lot of what you did there can be transferred into marketable skills. Your management of time, for instance, your money-saving techniques, etc.
o Goals are great things. Small ones at first. A daily goal of say, reducing the electric bill by turning unused lights off. Later, when you feel stronger, make grander goals. Weekly, monthly, then jump into the five and ten-year goals. It can be fun and uplifting. Where do you see yourself? Where do you want to be? Financially secure? Not worrying about money? Doing what with your work life…your social life?
o Many divorced parents have found that opening savings accounts for each of their children works wonders. Both parents are more willing to contribute extra money into an account governed by the child.
o Realize that life is now about you, your children and your wishes. What have you always wanted to do that you never did? Now might be the time to start saving money to make the dreams you and your children have come true.

Pat yourself on the back. You realized your marriage wasn’t working for you, and you did something proactive about it. Yes, finances were a worry when you first started considering divorce, but you made it through, and now you’re coasting on the downhill slope. You’re on the next exciting journey through the rest of your life. Congratulations.

The subject of protecting your children financially has been divided into two articles in the Stop Marrying Mistakes website. The companion article to this one is Stepping up to Protect Your Children Financially Before the Papers Are Signed. Also, check out Stepping Into the World of Child Support for a more thorough study of how to protect your children financially in the years to come. For a preview of the valuable information contained in the Thriving After Divorce Audio Program also available at: click on Media/Press on the home page. The information in this article and on the Stop Marrying Mistakes website is not complete nor should it take the place of hiring an accountant or an attorney. But it can give you an idea of the type of actions you can take to protect yourself and your children when it comes to money.

What You Need To Know About Car Insurance Monthly Plans

Most auto policies are sold on a six-month or twelve-month basis. However, for those with financial difficulties that need to have lesser payments per month, you can arrange car insurance monthly payments. These can be arranged with little or no down payment, and low monthly payments. Though this may not be the least expensive way to get coverage, it might the only option that works for you.

As rates can vary so much, it is advisable to compare at least four companies before deciding on one in order the get the best deal. Be sure to compare the same features for each. If the companies don’t offer the exact same features, compare the ones you want as closely as possible. That is the only way to be sure you are getting the best rate for the desired features.

Price is not the only thing to compare. Lower rates do not necessarily mean it’s the best option. Various service considerations are important. For example, some companies handle claims in an efficient manner, with less paperwork and quicker payouts. That is an important consideration. Also, the ability to contact someone when needed is important.

Other things to check out on a company before doing business with them is their financial security and their licensing. A company that can’t prove financial security may be out of business when you need to make a claim. Check that they have been around for a while and will likely remain in business. Also, check that they are licensed to sell policies in your state.

Don’t discount your feelings about the company. If, in doing business with them you feel any unrest, pay attention. It is possible you subconsciously sense something amiss. Check more thoroughly if you have any doubts at all. It is better to take the time to check things up front than to be unpleasantly surprised.

You can get quotes online without revealing personal information such as social security numbers and such. However, when getting quotes, be sure to give accurate information about tickets, accidents, extra drivers, and anything that might affect the quote. They will check everything, and if you have misrepresented about anything, you will not get an accurate quote.

Car insurance monthly premiums will be a slight bit higher per month that the overall premium paid in one lump sum. However, it may be the best option if finances are tight. This might be a temporary solution for you until things get better.

Sip Calculator Magnetizing The Investors Towards Online Investing

Online investing option has reached to a higher level with the introduction of SIP calculator. Making the calculation of SIP amount easy, the tool is handy to use as well. Let us understand the concept of SIP calculator with a story. There were two friends Yash and Rohan. Both had passed out college and were placed in MNCs. With the commencement of their career, they took a resolution of initiating their investment also. Yash was very trendy, and new technologies magnetized him. On the contrary, Rohan was simple and was not much of a techie. As both of them decided to invest, Yash did all the research online and also prompted Rohan to take up the online investment method. But, as for Rohan, it was not his area of expertise. So, Rohan relied on the mutual fund agent, and Yash went for online investing. When it came to deciding the amount to invest as SIP monthly both were confused. Yash took the help of an SIP calculator, and Rohan trusted the agent. But, the outcome was that Yash got the exact amount required for investment and the agent failed to calculate the precise amount and thus took an approx figure. Thus, for the same scheme Yash paid the correct amount that was required and Rohan had to pay a little more due to the inaccuracy of calculations.

The story signifies the importance of SIP calculator in the investing process, because the amount of SIP decides the corpus (the main aim of investing). Especially in the online investing the role of an SIP calculator is of vital importance. The investor advances towards being free in order to make the optimal use of their money. SIP calculator acts as a catalyst in aggravating the process investment through proper channel.

Features of an SIP calculator:-

There are a lot of features which motivates an online investor to use SIP calculator. A few amongst them are stated below:

Easy to use:

SIP calculator is an easy tool to operate on. The user-friendly approach is the striking feature of the tool. Providing an environment of smooth functioning and quick calculations, an SIP calculator in India is making online investments attain new heights with each passing day. The main reason of the increasing inclination towards online investment is the handy tool (SIP calculator), which ease out the complex calculations manifolds.

Using CAGR:

SIP calculator uses the formula of CAGR (Compound Annual Growth Rate) to calculate the returns. CAGR is the most widely accepted concept for the growth calculation of investment over a period extending one year. The calculation of CAGR is very complex and not beyond the grasping power of non-financial people. It is a mind wrecking concept and takes time to understand. But you need not worry. The CAGR calculation is simplified with the help of SIP return calculator. Paving the way for quick and easy calculations, SIP return calculator has become a defining point of online investment.

Targeting accuracy:

The goal of an SIP calculator is to provide results that are 100% accurate. But, it works on the inputs that are fed to it. Any mistake in the input data leads to an erroneous result. Otherwise, the result shows the exact and accurate outcome without the mistake of a decimal place. A perfection of that level is surely a strong feature of SIP return calculator.

A Good Credit Score Means More Than Just Getting a Loan

When you think of the benefits of having a good credit score, you usually start with how your score affects your ability to get financing. A good score makes it easier to get a loan such as a car loan or mortgage, and it is key in getting a low-interest rate. A bad credit score will make lenders leery of giving you money so even if they are willing to approve your application (something that certainly isn’t a sure thing now days), they are going to make you pay more for the loan in the form of higher interest rates to offset the risk that you will default on the loan.

Because of how your credit score gets factored into loans, the simple three digit number that is your score can play a huge role on your overall quality of life. They way it limits or opens up opportunities can determine the size home you are able to purchase, the car you drive, and how much of your earnings go toward assets that increase your overall wealth versus generating profits for the bank (which can affect future big-ticket purchases, your children’s education, your retirement, etc.).

But this is not the end of the story. Credit scores which were initially created as a tools lenders could use to quickly determine credit risk, as opposed to digging through each item of your credit reports in an effort to determine your credit worthiness, have been adopted by other industries as well.

Today, not only will your credit score play a role in how your paycheck gets spent, it can affect how much is in your paycheck in the first place. Many employers will use the credit scores of job applicants to aid in the hiring process. Reading through resumes and checking references is a time-consuming process so credit scores are used as a shortcut. Applicants with poor credit scores are viewed as less dependable and trustworthy and will have a harder time even being considered for a position when competing against similarly qualified individuals with good credit. They may not even be given a chance for an interview. Additionally, in certain industries where employees have access to money such as banks, a low credit score automatically disqualifies a person from working there.

Car insurance companies are another group that have adopted the use of credit scores to help determine risk. Studies have shown that drivers with low credit scores are more likely to file insurance claims. And since claims cost the insurance companies money, they want to make sure that the people more apt to file them are charged accordingly. For this reason, the vast majority of auto insurance companies factor in your score when drawing up a policy. The lower your score is, the more you will have to pay in insurance premiums.

Credit card companies also take your credit score into account, which is something most people were aware of, but not everyone realizes the extent of it. Since a credit card is similar to a loan in that you are granted a line of credit that you are required to pay back with interest, it makes sense that credit card companies factor your score into how much credit you can get approved for and at what interest rate. What not everybody realizes is that these figures are not fixed. A credit card companies like to include a “universal default” provision in their contracts in which they reserve the right to monitor your credit reports and increase the credit card interest rate if you have late payments or other negative items added to your credit reports, even if they are completely unrelated to the credit card account. Since credit card debt is unsecured and can be dismissed in a bankruptcy, credit card companies work hard to make sure that if your finances get out of control, they are going to collect as much money from you as possible. Any indication that you might be having trouble making payments and they may start working to offset any future losses.

As you can see, a good credit score opens up a world of opportunities and has benefits many people didn’t even realize were there. On the flip side, a bad credit score can be a huge roadblock causing people to have to work much harder in just about every facet of their finances.

Top 6 Advantages Of Student Loans

It is just a common myth that only the federal loans provided by the UK government are cheaper and easier to repay than the student finance options provided by the private direct lenders. However, if you see the APR and repayment modes, then you come to know that private student loans are the clear winner! Let’s have a quick look at the top 6 advantages of education funds offered by the direct lending companies:

Borrow Short-Term and Long-Term Funds

Whether you are looking for a big amount to complete the higher education course, or need short-term funds, to give just hostel and tuition fees; both options are easily available and you can access the required funds in less than 24 hours without facing any hurdles. You can ask the lender to transfer funds directly to your bank account or deliver to your doorstep.

No Documentation to Waste your Time

The time of a student is very precious and instead of taking stress about the cash, he should focus on studies. Direct lending companies know the importance of young generation in the development of the UK and hence they offer paper free student loans plans. You are not required to submit your last class mark sheet or the address proof.

Apply Online in Just 2 Minutes

You don’t have to bunk classes or take leaves from the college, just open your laptop or smartphone and apply for the student finance loans on any reliable direct lending website. You would need just 2 minutes to complete the online application procedure. No hard copies or soft copies are required.

Avail Funds with No Guarantor

Students don’t have a big network to arrange a guarantor. They are dedicated towards their studies and interact less with people. Arranging a guarantor is an embarrassing task for them as people are not ready to co-sign their application. They can easily access student education loans with no guarantor and no broker by applying to a reliable direct lender.

No Hurdle of Bad Credit History

Some students have bad credit issues due to pending credit card bills or some other reasons. Banks and conventional lending companies don’t entertain their funding requests. However, they can easily secure the cash by applying student loans to a bad-credit friendly lender. There are no hidden charges. You can compare various deals and grab the best one with the lowest APR.

Easy and Flexible Repayment Modes

Everybody knows that a student can’t repay funds during his education time. He doesn’t have a steady source of income. Direct lenders offer various student repayment plans that can be chosen as per comfort. You can either start repaying in installments from the next month or repay the total debt in instalments after completing your education.

How To Save Money On Your Two Wheeler Insurance

Tips to save money on two wheeler insurance

Many people in India own two wheelers. It is compulsory for you to buy a two-wheeler insurance policy if you own a bike or a scooter. But can you reduce the insurance expenses? Sure you can! Just follow these tips and you will see a difference.

Avoid making smaller claims: Before you make a claim, see how much the bill amount is. If it is a small amount, pay it yourself. Making numerous small claims will unnecessarily bring down your NCB to zero which will overall lead to a loss.

Attach anti-theft devices: A car insurance plan offers protection against theft and other dangers to the car. So if the car is found to be safe and less susceptible to thefts and break-ins, the insurer will offer a discount on the premium. Therefore look to install some anti-theft devices to the car to not only keep it safe but also to reduce your insurance costs.

Be a good driver and earn No-claim bonus: Driving carefully will reduce the chances of your car getting into mishaps. This will reduce the need to make claims and you will earn NCB. The NCB will in-turn pull down your insurance premium costs.

Renew two-wheeler insurance before expiry: Do not wait for the two wheeler insurance policy to expire before you renew it. If you have a lapsed policy, you may need to pay some fees and fines to get a new plan. So always try to renew the policy on time to save money.

Buy online: It is known fact that insurance bought online is cheaper. So buy a two wheeler insurance plan online and save a considerable amount of money.

Choose the right kind of cover: If you have a two wheeler that you use occasionally or is almost on its way out, opt for a third party cover. If however your bike is used daily and is a valuable vehicle, go for a comprehensive plan. Knowing which cover you need will help you save money.

Deductibles: Every two wheeler insurance plan has a deductible component. This means that as the policyholder, you will have to pay certain amount at the time of a claim and the insurance provider will pay the rest. A high deductible will lower your premium costs and vice versa. If you are confident of your driving skills and feel you won’t need too many claims, opt for a higher deductible. This will help you save money on your two wheeler insurance plan.

Compare: Last but not the least, you most definitely need to compare the available car insurance plans to get the best deal at the best rate. This is one of the easiest and quickest ways to save money on your bike insurance plan. Compare when you buy a new plan or renew an existing one.

The Benefits Of Trading The Commodity Market

Like trading in the Stock market, trading in the commodity market is also very interesting. While one trades on the basis of Stock Cash Tips in the stock market, the trader can trade on the basis of commodity tips in the commodity market. ProfitAim Research is one such advisory firm, which provide both the best Stock Cash tips as well as commodity tips to the traders.
Commodity market seems to be a lucrative avenue to a lot of traders and Investors. In the Commodity market various commodities are traded and one can take benefit of the price fluctuations to trade effectively in the commodity market. Various commodities are listed on the Commodity exchange and the relative prices of various commodities are traded on the exchange. There are various benefits of the Commodity trading like a trader can make huge profits by trying to forecast the Commodity signals. The most important part of the Commodity trading is to anticipate the Commodity trading signals.
Scalping: Intraday Trading Strategy For Commodity Market
One of the important benefits of the Commodity market is that the trader can form a strategy and trade on the basis of it. The Intraday strategies like First hour strategy or scalping techniques can be followed to earn good profits from the trades. Scalping is a technique to look at the price range during the first hour of trade and then look for a breakout from this range. Thus, if the prices break from the high it’s a buy call and a rise in the prices is anticipated. On the other hand, if a breakout from the lower limit of range is observed a down trend is anticipated. Thus, scalping is an important strategy in achieving good profits from the Commodity markets.
Also, there are other strategies available like trading for small profits. In this case small changes in the Commodity signals are generally traded for the profits. Also, a large number of trades are executed to add up to large profits, this will be applicable in Stock cash tips as well. The Commodity trading signals are unassuming but still with a proper plan and a proper strategy good profits can be made through Commodity markets. The trader can also base their trade based on the advice from the advisory firms who provide free Commodity signals initially and then charge a nominal amount for their services. Thus, the Commodity trading is beneficial if done with proper planning and strategy.
Trading based on the Charts
Trading in the stock or commodity market is an art difficult to master. People use various methods and strategies to trade in the stock markets. Trading based on the charts is one of the ways out of them. Various types of charts exist like Candle Stick charts and line charts. These charts can be plotted with varying time scale. The price movement depicted by chart can be an important way of forecasting future prices.
Thus, one can trade on the basis of charts and by applying suitable indicators of the technical analysis, one can anticipate the price movement. Trading on the basis of intraday Stock Cash Tips is the other way of trading.

Top Five Intra Day Trading Tips To Become A Better Trader

In words of Warren Buffet The stock market is a device for transferring money from the impatient to the patient. Let’s read between lines. The investor or trader who is impatient (frequent buy/sell strategy) transfers money to the patient (holding strategy).

Find below herewith five tips which should be followed by a day trader:

Take advice of professional trader

Before one starts day trading it is better to take advice from experienced and expert day trader trainer. Every trainer will have different teaching method and style. See for one who has good teaching method. He should also suit your trading style. They may be ready to teach in their free time. He may charge the fee. As he is spending his free time with you. But it is worth. You can assume that paid fee as an investment, which you need to get knowledge. They are the best share tip providers when you trade.

In future when you grow big, many newbies’s will come to get knowledge from you. At that time you can charge them likewise.

Gather information from financial news

One has to gather news from across the globe. Segregate relevant news, which affects your business. Analyze and set priority which news will most affect your business. Stay updated on news like meetings, change in government policies and rules. Local, national and international news should be followed.

M&A, financial results, entry/exit of members of BOD, etc. These types of related news of the company one have shares in, make sense.

Though the news does not impact a common man but may have an impact on your investment in the concerned company. This news helps to take a smarter decision, especially while trading shares. Through nifty future tips also one can gather information.

Treat trading as any other business

Take day-trading as any other business. It is not a hobby, but a serious business. It is not for fun that one is in day trading. Like any business, it needs devotion and dedication. Trading is a part. One has to devote a lot of time preparing a plan. Study different charts before coming to any conclusion. Follow news on TV, read business magazines, study reports etc. It is a full day activity.

Keep eye on professionals

One should study professionals. What they are buying, when they are selling. For how much time do they hold the script? Since they have experienced one can learn a lot by keeping eyes and ears open and mouth shut. If one makes mistakes, then analysis the mistake. What went wrong and where? You can find them in many share market advisory companies.


It needs time, energy and devotion to master the skills. As the old saying goes Rome was not built in a day It was destroyed and then rebuild. This process was repeated many times over. Even if one makes loss he has to get up again for a fight.

Traders do not profit all the time. Many a time they incur losses. So one has to be prepared for losses and have patience during the time of loss. Commodity tips are also helpful to know the market trends.

Today’s successful traders were also novice once in a while. They got success by their hard and smart work. They had put in their efforts, made mistakes, but kept up their learning process.

Does Social Media Help In Getting An Auto Loan?

We live in a world dominated by technology and social media. Whether they are your shared posts, status or your connections, social media platforms play a key role in carving your virtual personality. A well-known fact is that technology is an inevitable yet an integral part of our lives. When it comes to financing your car, social media is building its way and becoming a relevant medium of profiling. For instance, John walked into a dealership to purchase and obtain financing for a car. The quickest and easiest way to search for a tentative background of John would be to get a grasp of his personality on the basis of his behavior on Facebook and Twitter account, respectively. Currently, a small percentage of lenders use social media for judging an individual’s creditworthiness. However, the developing presence of social media is gaining mind share of the lenders.

Can Social Media help in ascertaining the Creditworthiness of an individual?

1) Facebook can build your Credit Circle

The very essence of Facebook lies in networking. A creditworthy profile does not require millions of posts or many friends. However, if you have a genuine profile and do not pose any abnormal social behavior, your profile is likely to get approved for an auto loan. Additionally, the presence of certain contacts in your friend list with a clean history and a strong credit score further add to your creditworthiness. Lenders can look for mutual contacts that have been previous customers. The payment history of the mutual contact can then be used as a basis to judge your creditworthiness. In order to get the most out of your circle, seek a person with a good credit score and make him a cosigner and your auto loan process will become smooth.

2) With LinkedIn, lenders can check your Employment Stability

A stable employment speaks volumes about your personality and trustworthiness. LinkedIn can serve as the best source of obtaining information regarding your job history, duration, professional position and interests. The documentation of an auto loan requires you to display evidence of a source of income through pay stubs. However, there is less proof one can gather regarding the stability of employment. Social media can become a tool to ascertain not only if there is job-hopping, but also the financial strength of the individual. A person with a 500+ connections, long duration of employment history and a considerable profile activity can become a favorable applicant in the eyes of the lender.

Buying a Car: Making the Most of your Social Media Profile

Social media has made its way into the minds of auto buyers as well as lenders. As primary sources of guides, nothing comes above your credit score, current income status and payment history. However, virtual platforms such as Facebook and LinkedIn are starting to occupy mind share in terms of creditworthiness. Once the primary sources of information seem insufficient, lenders may turn to social media to get an idea of your personality. A few helpful ways to make sure your social media positively adds to your credit score is to be careful with your online posts, invite only genuine friends into your virtual circle and to always keep your professional profiles updated.

Top 5 Benefits Annuities Can Bring Except The Lifetime Income

Earning a consistent income in their retirement life is a major concern for the seniors approaching their retirement and many of them invest in different annuity insurance plans. These annuities help the insured to receive a guaranteed income for life protects from the fear of outliving their savings. Also, if a senior couple hasn’t saved enough or doesn’t have someone to support after their retirement, these policies help greatly to take care of their daily expenses and maintain a better lifestyle. However, the majority of seniors isn’t aware of all the benefits an annuity can bring. Most of them buy an annuity solely to receive a guaranteed income in their retirement life but the annuities have a lot to offer. Here, we are going to explain five more benefits of a retirement annuity plan that you might not be knowing.

Benefit to your loved ones

At times, seniors pay a long series of premiums to earn them back during their retirement but die at an early age without receiving the complete benefits. Many seniors die soon after their retirement and insurance providers keep their share of investment with themselves. But, the new additional feature allows transferring the benefits to the beneficiaries, if the insured dies early. Along with the immediate annuity plan, you can choose a guaranteed period of 10-20 years that are calculated since the time you start receiving the payments. If you opt for a 20-year guaranteed period with the annuities, your insurer will provide a series of payments for exact 20 years. You can name your spouse or kids as the beneficiary and they will receive the benefits for rest of the period, in case you die early.

Tax deferral on earnings

Most of the investments are applicable for state and federal taxes, but the investments such as interests, annuities, dividends and capital gains earn a tax-deferred status. These investments are tax-free until you withdraw the accumulated amount. The tax-deferral is similar to 401(k)s and IRAs, but there isn’t any limit on the amount and you can put any amount into the annuities that you assume enough to spend your retirement comfortably. Moreover, the minimum withdrawal criteria have more flexibility than that of to 401(k)s and IRAs.

Tax-free investment transfers

Market performs differently at a different time and an investment performing strong today may perform poorly after a certain period. Hence, investors keep transferring their investment amount form one to another fund and there are financial advisors to help with the same. Usually, these investment transfers or rebalancing are applicable for taxes but the annuity retirement plan has no such tax consequences. That means, you can rebalance your investments as per your financial advisor’s suggestion and you won’t have to pay any taxes on that.

Protection from lenders

People take different types of loans to match a better lifestyle and pay the due amount in installments. At times, people reach a stage where they only have the money enough to take care of their fundamental requirements and aren’t able to pay the loan installments. In such cases, if the lender files a lawsuit, they may lose the return on the investments made. Annuities insurance policies also help protect your investment return even if you can’t make the installments. Usually, the premiums you have made to your insurance provider, belongs to them and there are laws that restrict that money to be accessed by the lenders.

Variety of investment options

Insurers help the investors with a range of annuity options at retirement including the fixed and variable one. The first one credits a certain rate of interest on the amount you deposit while with the later, your money is invested in the stock or bonds like mutual funds and provide a return based on the market performance. Also, various insurance providers have introduced different types of floors that set a limit by which your investment value may not fall further. That means, if you have invested in a variable annuity, you return won’t fall below a certain value, despite the fluctuations in the market.