May 21, 2013
Looking for a quality and professional fund administration service but don’t know where to start? Whether you choose to go big or small, good communication, technological expertise, qualified staff and reputation are all important factors to consider. Read our 5 tips for picking the right fund administration service provider for your investment success.
1. Fund Administration Services: Go big or go small
Fund administration services can be divided into two types. You can choose to go with a larger established investment firm, or, you can choose an independent fund administration provider.
Though not immediately noticeable, there will be a difference in the way firms that focus on fund administration as their core business conduct fund administration services as opposed to larger investment firms offering fund administration as a branch of their business deal with clients. In the end though, fund administration providers will be judged by their ability to deliver accurate NAVs on time.
2. Reputation in Fund Admin Circles
The role of fund administration providers is to act as a representative of the fund and to liaise with investors in the fund. As interaction is the core of fund administration services, the fund administration providers you choose to go with should have good industry reputation with the fund administration services on offer.
Do the necessary legwork to make sure the fund administration providers you hire are reputable; collecting references from previous or current fund administration clients if necessary.
3. Technology for Fund Administration Services
The technology used by fund administrators is integral to the fund administration services they provide. It is important that fund administration providers not only have the latest fund admin technology, but know how to use this fund admin technology to the greatest advantage for your fund.
Ensuring that your fund administration provider is well equipped and experienced in using the latest technology is crucial so that all fund administration services are covered and NAVs are delivered to investors on time and with the latest data sets.
4. Quality of the Fund Admin Staff
A great fund administration company with poor support staff is a doomed fund administration service. Make sure the fund administration provider has a well-trained, experienced and more importantly, qualified staff. You need to trust your fund administration providers to deal with all clients professionally, and this applies from start to finish.
The technical component of fund admin aside, fund admin is a service role. Keeping investors informed and happy is the main role of fund administration services. To get great feedback, the quality of fund admin staff has to be all round.
5. Great Fund Administration is all about Great Communication!
The key to a successful relationship with fund administration providers is clear and direct communication. During your due diligence, find out how your fund admin providers communicate with investment managers post engagement, as this is a make or break factor for fund administration services on the whole. This way, you can ensure that you get a professional and reliable fund admin service.
Unity Admin offers a range of fund administration, fund accounting, registry and investor services.
May 20, 2013
Binary option trading is still a relatively new form of stock market investment. This type of trading has only been available to the masses since 2008 but since its inception, it has become very popular with both experienced and beginner traders alike.
What is Binary Option Trading?
Binary option trading allows you to profit from predicting price fluctuations on stock market instruments, such as commodities, stock options, indices and world currencies. The basic concept is simple, if you think that an asset will finish above a certain price you place a “Put Option”, if you think it will finish below a certain price then you place a “Call Option”. If your prediction is correct, you earn a fixed return, often in excess of 70% of your investment. However, if your prediction is incorrect you lose your investment!
Where can you trade options?
Option trading is conducted through online platforms or brokers. Such websites give you access to stock market assets and provide you with the tools and resources necessary to trade successfully. However, not all of these websites are the same and some are far from reputable, so it is important that you choose one that you can trust.
Binary options trading with anyoption.com or one of the other major online platforms or brokers is recommended as this gives you peace of mind that your investments are been handled by a well-known and trusted trading partner.
One of the main reasons why options trading is so popular is down to the trading platforms themselves, and a top platform will lay everything on for you; enabling anyone to trade regardless of experience or knowledge.
How to trade Binary Options successfully:
Not for the faint of heart, these high-risk/high-return stock market options offer quick cash gains to those who have the savvy and skills to anticipate stock market pricing patterns and trends. The best way to get great results while placing “puts” and “calls” is by educating yourself.
Those who take the time to analyze preferred assets over the short and long terms, while also educating themselves on the overall factors that affect the prices of assets – such as social and political events will have the most success. Luckily, getting educated requires no special skills.
You simply need to familiarize yourself with the hourly, daily and weekly price shifts of commodities or other stock market instruments. Many brokers and online stock market trading platforms provide their valued clientele with access to valuable learning tools, such as charts, articles, advice from experts, podcasts and webinars.
Is this just gambling?
There are those who say that binary option trading is nothing more than glorified gambling, and if done incorrectly then this is true. As I mentioned above to trade successful you have to educate yourself, and once you take the time to do this then you are no gambling but investing based on real knowledge and insight of markets and assets.
If you just trade blindly and take Call and Put options on a hunch then you only have a 50/50 chance of been correct – having knowledge gives you the inside lane, and greatly increases the odds of making successfully trades.
Binary option trading is not for everyone and there is risk associated with it, however, this is true for most forms of investment.
How to get started:
Getting started is easy, you simply sign-up to a trading platform or broker and make an initial deposit – this can vary from $20 to $200 depending on the company you choose to go with. Once you make a deposit, you can start trading! The more reputable companies will offer demo accounts or demo features that allow you to practice without investing real money – it is highly recommended that you spend time in a demo environment until you are confident that you know enough to trade for real.
, Stock Market
May 14, 2013
Obtaining loans involves so many factors that it can seem to be a complex job for you. However, if you can get the details on loans and the basics of obtaining a loan, it may not seem as complex as it had seemed previously. Obtaining cheap personal loans is not much different than obtaining the regular personal loans. The only difference in case of the cheap personal loans is that these are rare and so you may have to do extensive research to find one. The qualifying criteria for obtaining one such loan are the same.
Cheap personal loans
Cheap personal loans like that of the ordinary personal loans are of two types. One is the unsecured form of personal loan and the other is the secured form of personal loan. The unsecured personal loans are the ones in which you are not required to keep any collateral. Thus, the interest rates on such loans are high in comparison. Visit following news http://www.prlog.org/11911362-bad-credit-personal-loans-up-to-5000-now-available.html for more information.
On the other hand, in case of the secured loans you need collateral and as the security is high, the interest rate charged is comparatively low.
Taking out a cheap personal loan
In order to obtain a cheap personal loan, you will be required to:
- Have good credit rating – Cheap personal loans will have to be the ones which have low rate of interest. So, it is extremely important for you to have good credit rating like a good credit score and clean credit report. That can help you obtain a loan with really low interest rate. That is the only way you can obtain a low cost loan.
- Have low debt to income ratio – If you have low debt to income ratio, it can help you in getting a loan at low rate or a cheap personal loan. Debt to income ratio is the percentage with regards to the amount you make towards debt payment against your gross income per month.
- Have high affordability – You need to have high affordability so that you can get the best and cheap personal loans. If you have high affordability, the lenders consider that you may easily be able to pay down the loan. Therefore, the interest rate charged may be low too.
- Have high rate of income – High affordability is related to high rate of income, so, it so obvious that if you have high income, it becomes easier for you to obtain a cheap personal loan.
Usage of the cheap personal loans
Such personal loans can be beneficial if you are planning to make a big purchase or may be even pay down your debts. You can use one such loan to even repair your car or for the purpose of home improvement or may be consolidate your debts. There are various options and you can choose from any one of those options as per your needs and affordability.
However, as there are numerous offers even if you are getting cheap offers, it is important for you to make sure that you are obtaining one that you can make payments on. Read here for more information.
, financial planning
, Interest Rates
May 10, 2013
Obtaining zero down auto loans might seem impossible if you have bad credit but it can be done. You’ll just have to work a little harder when it comes to finding a perfect dealership that accepts bad credit. There could be 2-4 dealerships in your city that will accept bad credit so it’s always a good idea to call around. Ask some of your friends where they got their first car when they were younger and didn’t have good credit. They’ll give you a few places that you can use so cross your fingers that they are still in business.
In order to obtain a zero down auto loans, you can always get a co-signer. This is basically a person who will take responsibility for the vehicle if you do not pay. Being a co-signer is a huge job and most people will not want to sign because they don’t want to take the risk. So seriously, how can you get someone to sign for you? This is fairly easy – just ask one of your family members or a very close friend. There are some people who are willing to sign and they know where to find you in case you don’t pay up. This is why you should make sure you can get a car you can afford.
There are many cars available on the lot. Remember that you will have to pay monthly so the car can be anywhere from $150 to even $500. We don’t recommend paying $500 a month for a vehicle because most of the time, this will be out of your budget. Low payments are considered to be anywhere from $150 to $250. Middle range goes up to $350 while anything more than that might seem ridiculous for someone who is not expecting to pay a lot of money. Most cars that are brand new will be on the high end and this is why a used car is best.
To get zero down auto loans, you should be able to show a good proof of income. Since you have bad credit, the dealership will need to prove that you are working each day and that your income is more than the car payments are each month. Remember to write everything down accurately on your application, otherwise you could be denied. You obviously don’t want to purchase a car that you are not able to pay for. A car salesman will only show you cars that fit your budget and if you want something that is a little better like GPS or some car that is upgraded, this may be difficult to get.
Almost everyone pays a down payment at the dealership. Those with good credit don’t have to. Since you are a liability, you probably will have to put a down payment on the car. Now, you can always talk your way out of this. If you have an old junk car, you can always trade this for the down payment. Most dealerships will be able to accept these car and sometimes sell them for parts to other companies. They will look over your car and see if it’s worthwhile.
No one wants to give a down payment most of the time and some people will try to get around it when it comes to zero down auto loans. You can simply say to the dealer that you have good credit so you won’t be a problem in case something were to happen. They can work with you and even lift the down payment so you’ll be only paying for the car each month. A down payment is only used to protect the dealership in case anything happens to the car. People with bad credit will almost always have to pay a down payment before they actually get to drive the car anywhere but this is not the case for you so don’t let a car salesman push you for a down payment. Most dealerships can do without.
Overall, it is always a good idea to get everything organized before you walk into the dealership and demand cars with zero down auto loans. Gather up all of your income stubs and a recent credit report if you don’t want to wait for the credit approval process. You can also call them to give them your details and they can run the credit approval beforehand. Otherwise, you will need to wait a few days and this will delay the process of getting a vehicle so if you need a car quickly, always make sure you are prepared. By showing them all of your documents, they can give you a car without any down payment.
, personal finance
May 8, 2013
Your credit card, while serving as a powerful tool for all your financial needs, can lead you to a world of trouble if you don’t use it the right way. Credit cardholders must avoid getting trapped in a deep hole called debt. However, they often find it hard to consider the immense amount of expenses, especially if a bank already gave them enough credit to just charge these costs. Moreover, this powerful financial tool can oftentimes be considered as the worst form of finance because of the fact that incurred debts are classified as unsecured. Also, they carry an interest rate that is higher than a home or car loan. Compared to other types of loans such as home mortgage or student loan, credit card debts are not tax deductible.
If you have a credit card, you don’t want to use it on certain things or events that could definitely spell disaster on your financial and economic standing. In fact, many experts say that you should not use it in these situations:
- Paying for your college tuition. Using the credit card while in college is never good to begin with, because of the consequences that doing so may bring. Many college graduates have experienced dealing with credit card debt during their time at school, and their financial woes continue to pile up as they advance in age. For one, upon graduation from college, you might not be able to find a job at the soonest possible time, which would make it hard for you to earn income to pay off your credit card debt.
- Paying for your wedding costs. In such a prolific event like a wedding, planning is a key priority. Saving for years with your soon-to-be wife or husband for the significant day is a very important way if you want it to be extra special and start your married life on the right track. However, you shouldn’t use your credit card in financing your wedding costs, as this will backfire, causing you newlyweds to deal with debt during your first few years of marriage.
- Going on a vacation spree. If you are planning for a vacation, it is best that you save on cash money for your out-of-pocket expenses rather than using your credit card all throughout your out-of-state or out-of-country trip. Financing your trips through the use of your credit card will just create a mountain of debt upon your return.
- Paying for your medical expenses. Dealing with the costs of your medical treatment can be very daunting, but that does not mean you should resort to using your credit card to finance them. Some health providers offer rate adjustments and payment plans that might be suitable for you.
Using your credit card is still important, but using at frequently and as a means of covering much of your finances is not good at all. Next time you encounter the abovementioned situations, think twice before dealing with your finances. Use your credit card in moderation, or suffer consequences along the way.
Steven Boccone is a New York-born economist, financial analyst and manager. He has worked for various financial institutions worldwide and currently manages a US-based global marketing company. He is an art lover, a traveler, and he maintains his own business blog.
, Credit Card
, Credit Card Debt
, financial planning