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September 21, 2018

The key difference between the pro and novice traders

trading optionsTo be a successful businessman, you have to be a pro in the sector you have chosen. It can be a groceries business or a factory business. What you are working within your business doesn’t matter as long as it is legal. But, how you are working and what results you are bringing out of it, matters. And we can agree on this, for better results, you have to be a good performer. To do so, you also need a good plan for your business. Let’s talk about the same thing in the trading business. You also have to be an efficient performer in this business. But, for some people, it is tough to do so because they might not have any idea about how to work efficiently. We will help you (confused traders) with some necessary qualities of the pro traders.

An effective trading edge

Remember, the most important thing in your trading business is your trading edge or trading strategy. No matter, how successful a trader, you have to understand that the most credit of that achievement of his goes to the trading strategy. Yes, other variables do contribute too. But the most important thing is the trading strategy. But, it was not the same when that trader started in this business. With time it got refined more and more. And eventually, it has reached the position to make a trader pro. So, you also have to work with your trading strategy. Even from the beginning, it has to be made by you.

The concept of trading

The concept of trading greatly varies from traders to traders. The successful Singaporean traders always consider this as their business. They never take any chance based on emotions since every action taken by them has a direct impact on their profit factors. If you get involved in options trading, you will understand the importance of trading discipline. The rookie traders always love to challenge themselves. Knowingly or unknowingly they trade with emotions and blows up their account. They don’t really know the key concept of trading. You are here to save your investment not to make your financial conditions much worse. If you think this as your business, you will be able to understand the structure of the investment business. Try to aim for high-risk reward trade setup as it will help you to overcome your loss. Never trade without having a clear trade setup.

Efficient planning for trades

Now you have made your strategy, it is time for you to make plans for your trades. Because every individual trade needs the care to be executed properly. Otherwise, there will be no good result for you after closing a trade. Right when you decide to make a trade, you have to plan for it. And the plan could be for anything that is related to your trading. Like for example, it can be when you are placing your trade or your trading routine. Or most impotent of them all, it can be the money management of your trade. In fact, this is so important that it can save your trading account from vanishing.

Realistic profit estimation

A pro trader probably has spent a lot of time in this business. So, his or her experience of it will be much more than anyone joining recently. Even that trader will understand when there is going to be a mistake by him or her. Because it is also known to that trader. And, with all those experience there will be no place for a pro trader to think on estimation. The brain of that trader will thing about fact and reality, not imagination. And his or her decisions will always be on what is visual in the price charts. And, that is a really good quality of a pro trader. You should try to motivate your mind on thinking about it too.

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March 19, 2018

8 Benefits of Invoice Factoring

money invoiceWhen working in B2B or B2G sectors invoice factoring is essential. With this type of invoicing, you are provided a short-term capital in exchange for assigning invoices to a factor. The company receives about 80 – 85% of the advanced payment and later when invoice is paid,- the remaining 20%.

Unlike factoring, business invoice finance is easier to use in a way that you don’t need to assign invoices. However, the two terms are often used interchangeably. Here are 8 benefits of invoice factoring in case you are still considering whether to use it for your business or not.

1. Professional Management of Your Finances

When you entrust a professional company to handle your paperwork and collection of payments on your invoices, you save a lot of time. And saving time means saving money. The cost of accessing such services has fallen significantly lately. Though fees vary from one company to another and also depend on what kind of business you have, generally, factoring finance fees range from 0.5 to 3.0%.

Your contract with an invoice factoring company doesn’t have to be permanent or long-term. You are free to choose when to avail yourself of such services depending on when you need them most.

2. Flexible Financing Terms

Accessing finances from banks can be quite challenging for small or medium businesses because most financial institutions prefer to deal with established brands and businesses. The real benefit of using invoice factoring services is that you don’t need to have a great credit or spend years in business to qualify for them.

This happens because the company looks at how capable your customers are of paying the invoices, not how credible or long-term your business is. Moreover, a factor can provide more finances for your business if the need arises. If your business experiences increased sales you can easily apply for more money from a factor.

3. No Stress

You don’t have to wait on your customers to make their payments so you would make yours. Straight away, you are provided with cash on your invoices. You can deal with your taxes and pay all the needed bills on time.

You can proceed with your day to day business without worrying about when you will get paid by the clients. You can actually grow your business, implement new ideas and try new ways of doing business in your sphere while a professional factoring company takes care of your invoices.

4. Growing Your Business

The law of business is if you want it to grow, you need a steady cash flow. Concentrating on your business and acquiring new clients rather than on chasing your debtors will help you do that. As an owner of a business you can pay your suppliers straight away without waiting for some cash from the clients.

Thus, your manufacturing works smoothly and continually without delay. Another benefit is that you will also be able to extend credit lines to your loyal customers. In business, customer loyalty is one of the most decisive factors, so this will give you an advantage over competitors.

5. Easy and Fast Access to Cash

The factoring process is rather quick and not complicated. Usually, the funds are provided to you within 24-48 hours after your invoices have been approved. The initial setup can be 5 top 10 days. However, if you consider business cash flow loans from a bank, it will take you far longer than that.

An adequate cash flow is what keeps your business afloat and growing. All the daily business routines need to be taken into consideration: financing daily operations, paying rent along with utility bills, paying employees and suppliers. That is why it is essential to have cash on your hands at all times.

6. Credit Control

Late payments from clients can cripple your business. A debtor finance company will help you and your employees to concentrate on work instead of chasing the creditors. If you hire an invoice factoring company, it will assume the functions of credit controller and will free time for you to do your business.

An invoice factoring professional knows how to deal with customers who are late on their payments, unwilling to repay their debts or fail to pay them altogether. You won’t have to spend time and money on legal actions against your debtors.

7. Stronger Balance Sheet

Factoring doesn’t appear on your balance sheet or financial statement as an expense because it is not a loan. By using invoice factoring, you avoid taking on a new debt. You will receive the cash that you need to pay your vendors or suppliers on time, to make some major purchase for your business or just to improve your cash flow.

You will use you existing account receivables and this will not be a loan, and thus, not a debt.

8. Profit Predictability

When using invoice finance services you have an opportunity to predict your profits. Since profits can be quite unstable, it is difficult for business owners to make plans.

However, when you use factoring, you know that you will immediately receive most of your payments and thus you can predict your profits and make the needed investments for the future, like necessary repairs or even company expansion.

Invoice factoring can be a huge advantage for small businesses when the credibility of your customers is more important than yours. Invoice factoring services can be beneficial both for B2G and B2B spheres.

Here are some examples of industries where it can be used:

• Construction companies. Construction project need years to be completed but workers need to be paid regularly and on time. Besides, these projects involve a lot of expenditures.

• Trucking companies. There are a lot of expenses in this industry: from truck maintenance to the cost of fuel. You simply cannot afford to wait for 30 or 60 days to be paid for your services. This is where invoice factoring solves the problem.

• Recruitment, staffing and employment agencies. Invoice finance companies are probably the most needed in this sphere. Usually you have to pay your contracted workers before the payment from the clients is received.

• Clothing manufacturers and textile industries. It is obvious that before you receive payment for the products that you sell, like clothes or accessories, you need to invest in materials and of course pay your employees. Utilizing invoice factoring will help you do that without getting into debts.

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March 9, 2018

Reasons Why Your Health Insurance Claim Can Be Denied

health insurance coverageIn this time of rising medical inflation, investing in a medical insurance policy has become the need of the hour. The benefits of a health care plan indeed out weigh the cost. Many individuals, therefore, invest in a health care policy to enjoy financial protection in case of a medical emergency.

You may either opt for a reimbursement of the medical expenses incurred by you, or you may file a cashless claim. Though the procedure for filing a claim is quick and hassle-free, sometimes it may get rejected.

Following are six major reasons why your health insurance claim may be denied.

1. Providing inaccurate or incomplete details

One of the reasons for denial of the claim is a failure to furnish complete or accurate details. These details may pertain to your health condition, pre-existing conditions, or nature of employment, among others. Since these factors are crucial in helping the insurance provider to determine your eligibility and premium, they may deny the claim if they find out that crucial information has been withheld or if facts have been misrepresented.

2. Seeking claims for exclusions

Most medical health insurance plans come with a list of diseases and ailments that are beyond the scope of coverage. Making a claim for any conditions or ailments in the exclusion list will fail to qualify for coverage and hence the claim will be rejected.

3. Making a claim during the waiting period

Waiting period refers to the specified time frame that you must wait for, before beginning to enjoy benefits of the policy. This is the period during which pre-specified illnesses are not covered by your policy. Hence, making any health insurance claim during the waiting period will result in it being rejected.

4. Admission to a non-network hospital

Insurance companies have a network list of hospitals. In order to avail of a cashless facility, it is imperative to get admitted at any of the hospitals in the insurer’s network. The insurance provider may reject your cashless claim in an event that you are admitted to a non-network hospital. In such a case, however, you may seek reimbursement of the hospital expenses incurred by you. You may submit the original bills, medical reports, and fill the claim form while seeking reimbursement.

5. Claims made on lapsed policies

Your policy may stand lapsed in case you have failed to make premium payment before the due date. Making a claim once your policy has lapsed will mostly result in denial of the filed claims. It is, therefore, necessary to make timely payment of your medical health insurance premiums in order to enjoy uninterrupted benefits of your health policy.

6. Failure to notify the insurer within the stipulated time frame

Your medical health insurance policy states the period within which you must inform the insurance provider of your hospitalization. If the claim has not been brought to the notice of the insurer within the time frame stipulated in the terms and conditions of the policy document, the insurance claim will be rejected. You may, therefore, submit the insurance claim request within the time frame. You may also submit the original hospital bills as well as post-hospitalization expenses if any.

A medical health insurance claim denial may threaten your financial security and the ability to receive medical care. It is, therefore, necessary to identify the possible causes of rejection. Once you are well aware of the possible causes of claim denial, you may follow the guidelines to ensure that your claims are honored.

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February 12, 2018

Few good advantages of Investing in ULIPs

ulip investmentsThe money market will provide you with investment instruments like ULIPs that come with a fair combination of investment and life coverage at once. The premium that you pay for ULIPs are segregated into 2 parts; one portion goes towards investment instruments present in the money market, while the other one goes towards meeting your risk coverage on life. There are a few inherent benefits attached to ULIPs.

5 key advantages of ULIPs over all conventional life insurance policies:

Identify the right blend of investment

Picking the market entities in the right blend often depends on your investment risk appetite. For those of you that are low-risk takers, investing in debt funds is a good ploy. Likewise the moderate risk-takers can invest in balanced funds, while the high-risk bearers can think of equity funds. Balanced funds are a good option lying between equity funds and debt funds. You’ll be able to switch funds once you gain considerable market outlook.

Investment Flexibility

With an ULIP, you’ll gain the right to invest your entire premium value besides gaining opportunities to allocate additional amounts on the policy. Other investment plans don’t yield so much of flexibility. Depending on your risk appetite and your financial profile, you may choose between these two investment strategies:

Life-Stage Strategy: The years remaining towards your policy maturity and your age help in asset allocation.

Self-Managed Strategy: Your fund choice helps in allocating your money. This option safeguards the financial future of your child even when you aren’t there.

Long term investment

ULIPs prove to be a great option for fulfilling long-term investment goals e.g. launching a start-up, buying your new car, and buying a property. ULIPs are designed to yield more returns and that too for a longer duration; they owe this power to their compounding nature. Even if you decide on quitting the ULIP policies after a period of 5 years, you’ll be amazed to see how much more you’ve saved than what you’d see with other investment options. Your money will grow with a much greater momentum and for a longer duration than how you usually see it grow in your savings bank or with your fixed deposits. All you need to do is to determine the amount of investment with the help of an online premium calculator.

Life coverage

Life insurance companies are only known to offer ULIPs in the form of a product. Besides yielding financial protection, ULIPs are known to fulfill your investment needs. Compared to a term plan, the life cover attached to ULIPs may be smaller but they do come with life cover. When it comes to fulfilling your financial goals in the long run, ULIPs constitute a strong investment opportunity. Prior to investing in ULIPs, you must check out the performance of all individual funds in great details. This is likely to provide more insight into investment options with quality returns.

Tax Rebates

Tax benefits aren’t always attached to investment option that you come across in the market. ULIPs come with a combination of tax benefits and life coverage. Under section 80C of the Income Tax Act, you’ll be entitled to receive tax rebates on all paid up premiums. Likewise, all of the payouts that you receive are entitled to tax exemption under section 10D. Besides seeing your money grow, you’ll be happy with how much you’ll save in the end.

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November 29, 2017

In The Nick Of Time: Advantages Of Real-Time Construction Notifications

construction expensesCloud Computing: Revolutionizing Construction Techniques

Cloud computing is truly a game-changer; just consider these five revolutionary cloud computing applications. It’s possible to cut tens of thousands from traditional operations by reducing time necessary in regard to bureaucratic management, and costs associated with information technology.

On a job-site, the right cloud solutions can get everybody “on the same page” more quickly, provide for remote monitoring, clock-in/clock-out procedures, and information provision. Managers of a given site can more cohesively lead their workers, and those funding a given project can watch its progress in real time.

Beyond convenience and complication reduction in operations, many financing construction projects are becoming increasingly interested in problem prevention. There are many situations where a tiny change like a halt in building could have stopped a much bigger, costly problem from happening.

With the cloud, such close monitoring is more realistically feasible than it’s likely ever been. When you add to that positive political trends in reference to the construction market, such innovation presents itself as a nearly essential component of modern building endeavors.

Today, there is hope on the horizon—there is light at the end of the tunnel! Brexit last year heralded in global change, and was swiftly followed by a political administrative change in the United States that is, and provided nothing politically untoward happens, will continue to be, very good for construction.

Additional Cost-Saving Solutions

If you’re looking for discount sleeper trucks, at https://www.mylittlesalesman.com/find/sleeper-semi-trucks-i2c55f0m0, you can find a fine inventory of them—according to the site: “…you’ll find new and used sleeper trucks for sale that offer comfort and have as many axles as you need to comfortably haul any type of cargo…”

With a sleeper truck you can cut down transit times when shipping specific materials, which in turn cuts down operational costs. Cloud computing solutions can help you identify areas of operations where a tweak here or there could substantively reduce costs.

There are always places where you can conserve assets and optimize your business. Always. Sometimes optimization involves acquisition of newer software solutions, sometimes it means liquidation of antiquated tech. What’s sure regardless of purchase or sale is that there’s something you can do.

Look at your regular contracted jobs at the present time. What kind of jobs characterize the majority of operations? What are common problems which occur when you’re pursuing these jobs, and how can you prepare for those problems in advance? Conservation of time is the next best thing to the conservation of money.

Time And Money

When technology solutions can save you time with minimal invasive bureaucratic rearranging, that’s a cost-effective optimization. Additionally, it can be that which provides you increased competitiveness against other construction groups who have yet to incorporate this technological upgrade.

Look at cost-savings in terms of time. How much is one hour of production worth to your company? $1,000? $10,000? $100,000? If you can save just ten hours a month through more smooth operations via technology, at these numbers you’re cutting expenses by a minimum of $120,000 a year. If you’re saving ten hours at $100k a month, you’re saving $1.2 million annually.

Little costs add up. You can be “nickel-and-dimed” to bankruptcy, if you’re not careful of this trend. At the same time, you can use such techniques to increase profit gradually over time. Attention to detail is key.

So sit down and consider the costs of operation right now, identify where you can upgrade things, and take steps to facilitate those upgrades. Little changes can produce big savings, so be diligent to conserve all that is available to you.

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