Understanding finance has become an essential nowadays. Wherever you go, whatever you do you must always have the art of financial management. Gone are the days when finance and business meant only for businessmen alone. With the evolution of money making as an art, more and more people are joining the race of making money in the best possible way. You can also be an efficient money maker provided you are well aware of the various new trends of the market.
Apart from knowing the performance of various stocks, the volatility of the market, cost of the stocks, you must also know the various terms associated with the transactions so that you are clear with the processes. You can take the help of a broker or a friend in knowing the various processes, terms and their exact meanings. But relying on a person is not advisable at all times. Do not get discouraged! You have a potential solution- financial dictionary.
Financial dictionary is nothing but a collection of words along with their meanings that are in common use among the financial professionals, and the market. It would contain all the terms for which you would require an explanation during the transactions.
You may be asking the question that why you need a separate dictionary for finance when you have a normal dictionary. The reason behind this is that English is quite funny. Some words completely lose their meaning and take up another when used in different context. So if you go by the actual meaning of the word you are sure to be misled and sometimes may end up in a mishap. A simple but powerful solution for this is the financial dictionary.
Knowing the right meaning would help you to understand the terms and conditions better that are given along with any financial transactions. Further there are certain terms that can be found only in a financial dictionary. This makes the presence of a dictionary exclusively for finance essential.
Such a dictionary for finance would be extremely helpful for the people who have just started their journey in the field of finance. They would be totally unfamiliar with the terms that are in actual use. So a dictionary that suits the need is a financial dictionary. Remember that you can not look for the conventional meanings for the words in this dictionary.
Source by Chase Anderson
Every kind of investing has its ups and downs. Those that deal in stocks enjoy the way that stock ownership works and that it meets their investing goals. The same can be said for those that invest in mutual funds. There are both positives and negatives to investing in mutual funds, and we'll take a look at some of those positives right now.
Maybe the most reassuring aspect of investing in mutual funds is the knowledge that your fund is being managed and taken care of by a professional. With stock and bond trading, your best weapon is your gut instinct and a dog-eared copy of the Wall Street Journal. With mutual funds, you're trusting your investment to someone who probably has the Journal memorized and also has an entire corporation's brain trust at his disposal.
For those that are working on a tight budget and may not have much wiggle room, mutual funds are a great choice because they have maximum liquidity. Liquidity is the ability to get your cash back on your investment if you need to. With some investments, your money is tied up for extended periods of time with no way for you to access it without huge penalties. Mutual funds allow you to sell back what you've bought at the end of every trading day so you can have instant access to your money.
A common buzzword associated with investing is diversification. It's based on the premise that you don't want all of your investments on the same thing. Since mutual funds invest in stocks, commodities, bonds and other things, you can help to diversity your investment portfolio instantly with mutual fund investing.
A big plus for those that are new to investing is how easy mutual fund investing is. Most investors don't even have to worry about paying the proper tax and keeping the right records because mutual fund companies provide these services as part of managing your money. They are a fantastic way for first time investors to experiment in the market.
Finally, mutual funds provide a huge amount of choice when it comes to investing. No matter how much you want to invest, how much risk you want to take or what your short and long term goals are, there is a mutual fund that is right for you.
While no form of investing is risk-free, mutual funds provide a broad set of choices that are perfect for first time investors and seasoned vets, alike. For a growing number of people, mutual funds are the best investment deal out there.
While there are many aspects of being profitable the most important consideration is personal finance. It can be difficult to know where to start when catering to your personal finance needs. This article will outline a few tips and some advice that should lend a bit of clarity to personal finance options.
Find out how long you need to keep certain financial papers so they don't clutter up your life. For instance, pay stubs are only necessary for the year until you get your W-2 form and then they can be tossed until the next year. Don't hold on to paper unless you need to; you want your financial life to be organized, remember?
A great personal finance tip that can help you keep your expenses down is to always make sure you eliminate services you have no use for. If you own a cell phone and you don't use text messaging, you're just wasting money if you're paying every month for text messaging.
Your personal finances will bring you to take on debt at some time. There is something you want but cannot afford. A loan or credit card will allow you to have it right now but pay for it later. Yet this is not always a winning formula. Debt is a burden that inhibits your ability to act freely; it can be a form of bondage.
It can be much, much easier to get into debt without realizing it if we are paying by credit card versus paying by cash. Because of high interest rates, we often end up paying much, much more when we pay by credit card than we would if we used cash.
Sell everything you can to generate more money to work your way out of debt. Do you have a non-essential vehicle that could be sold to eliminate the monthly payment on it or, if you own it free and clear, to generate money to pay other debts? How about jewelry or pricey electronics? Get debt free!
Comb through your monthly budget and find things that you don't use or you use it so little that you don't get any benefit out of the money that you spend. In this way, you can save some money each and every month by canceling those services.
Make sure you are carrying cash or your debit card for small purchases. You do not want to have to put small purchases on your credit card and end up paying interest on them. Some merchants also put restrictions on purchases made with a credit card not allowing you to put under 10 dollars on it.
Search for cheaper utilities to get better personal finance. If you have had the same gas company, cell phone plan, or other utility for a while then shop around for a better deal. Many companies will gladly offer you better prices just to have you become their customer. This will definitely put more money in your pocket.
You want to be sure to have a solid base and extended plan for your personal finance needs. If you take heed to the topics discussed in the article you will have a better understanding of the directions available for you to take. Personal finance can ensure your long term security, so approach it wisely and with diligent purpose.
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Credit Report and Credit Score is used to check credit worthiness of a person. Credit score is based on the data provided by the credit report that indicates payment history, accounts, etc. Today many lenders and retailers take the help of credit report and credit score to lend credit. Credit report and credit score helps the bank lenders to judge the credit worthiness of a person at the time of allotting him credit.
Person with bad credit report and score find it difficult to raise the credit whereas the person with good credit score and report does not face any financial stake. The credit report and score provides a true picture of a person's financial position. But it is the initiative of individual or financial institution to ask for it. This credit report and score are provided by credit bureau within few days of your request.
It is advisable that every person must understand his/her credit report. Initially the law prohibited for its disclosure but later on it was made available on request. It is vital that one should check his/her credit score and report any errors found. Remember a small error in your credit score can harm your credit report in a big way. Generally credit score ranges from 300-750 but many people have their credit score within 600-750. In business terms, score above 700 is regarded as excellent credit score.
Why Check Free Credit Report and Score?
Checking Credit Card does not harm your credit score. Checking removes the bad remark in your credit report and similarly in the credit score. It indicates your financial position in the business. Regular updating of credit report also helps to rectify any major financial error. If you find any error or mistake in your credit report assure that you rectify it immediately.
How can you get your Credit Score?
It is true that credit score is totally based on the content in credit report. As the content in credit report varies there is variation in your credit score. It is possible to view your credit report online just by requesting for it. The credit report and credit score that you get through these online services do not cost much.
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If I gave you $100,000 right now, what would you do with it? Ah the classic does this kid have a brain? question. It's got to be one of the easiest investment banking interview questions you'll ever get and quite fun once you've nutted out your 5-part answer.
But in order to crush it you must avoid the one answer-killing mistake that about 2/3rd of students make; they think the banker is asking them what they would do with the $100,000 if they personally had it.
And although the question seems like it is aimed at you and your personal situation, it is not. It's also not aimed at the banker interviewing you.
How are you meant to handle this question then? Like a budding consultant you need to first answer this question with a question
Who is the investor and what are their goals, risk profile etc.?
Yeah that's right. Put on your $60k-a-year financial planner hat and enquire about the type of return the mythical investor wants, cash flow requirements over time, their personal tax situation, preferred asset classes, favorite industries etc.
PS Unlike management consulting case interviews, don't expect a banker to offer you that much extra information 2 or 3 points and they're usually done. This is after all but one small question in investment banking interviews.
Based on this new information you can explain what you would do. Suggesting an investment strategy that even remotely takes into account this new information will earn you an A here.
If you want to bring your answer to an A+ level
Put together a diverse portfolio of stocks, bonds, real estate, cash and other alternative asset classes. Students who fail to combine asset classes and instead offer up just one in a Oh, risk averse, then I'd invest the money in bonds fashion, are idiots. That is a blunt investment strategy with zero ounces of finance finesse different asset classes deliver different risk / return / cash flow / tax consequences etc, so mix & match with that in mind.
Mention how much of each in $ amounts, not % this is a small point, but it can make a big difference to bankers.
And explain the allocations using the investor's personal information particularly their risk profile, income requirements over time, lifestyle goals and personal tax situation.
But when all is said and done, don't get so sophisticated that you confuse yourself! Wondering aloud Oh, but hang on, maybe like your Drew freaking Barrymore will undo all your hard work in an instant.
PS If the bankers turn around and says the mythical investor is in fact you and thus what would 'you' do with $100,000 use the same answering strategy as above, but tailor it to your youthful circumstances. Hint: a 40+ year time horizon = heavy in stocks!
Source by Richard F.
International companies (MNCs) perform an important role in economic development techniques of many building countries. They've great effect on the environmental surroundings as well as on the economy. You will find good amounts of them in Nigeria. Experience has shown that there was long and bad record of ecological degradation and destruction, economic exploitation and peoples right violations in a few areas/regions of Nigeria. International companies among which include the international oil-producing companies like SHELL Oil Company, have grown in energy and exposure and tend to be present in immediate past having turned out to be seen much more ambivalently by both government as well as the populace of Nigeria.
There are numerous of such MNCs in Nigeria that slashed throughout the major four (4) sectors of the country coal and oil, Telecommunication, Manufacturing as well as the Banking sectors. There are several what to be viewed in respect to these MNCs and these consist of their contributions so far in the united states, their benefits to the Nigerians and also to the united states all together, their impact (positive and negative), etc. Each one of these goes quite a distance in deciding or assessing the MNCs and also draw a conclusion concerning whether or not they tend to be blessings or curses!
Ahead of the self-reliance in 1960 and thereafter, progressively worldwide companies continue steadily to get a hold of their means into the Nigerian economy. Also till today, a lot more of these big companies are nevertheless being promoted ahead and invest in Nigeria. International companies have actually remained an integral part of the company scene through the entire history of Nigeria. In many cases, these Multinational companies form shared endeavors using residents of the country or with residence firm(s) to further facilitate the understanding of their objectives.With no-one question, the economic success and pervasiveness of MNCs, their motives and actions have now been known as into question by personal benefit, ecological defense and labour companies and government agencies in Nigeria. Nigerians today bother about the impact of these companies from the Nigerian economy as much consider come to be in-formidable, difficult and provoking.
The presence and tasks of MNCs in Nigeria was subject of controversy in conversations on development policy. In recent years, the impact of MNCs in Nigeria was adjudged much more unfavourably. MNCs have actually a conflicting interest totally and also this is a superb problem within economy. It might be safe to state that conflicting interest could be the bedrock of MNCs dilemmas in Nigeria.
MNCs is a business venture whoever single aim is revenue optimization and which seeks to pursue a unique corporate objectives particularly achieving a satisfactory price of profits on return capital, getting share of the market, or guaranteeing its long term competition, rather than giving support to the number nation's economic and personal development objectives. The effect is that MNCs and number country authorities have actually diverging opinion on very fundamental problems particularly repatriation of profits, licensing, research policy and place policy.
Origin by Oluwanisola Seun
The core features of bookkeeping are bookkeeping and financial reporting to managers and people. But the bookkeeping division of a business is usually also accountable for payroll, cash inflows, cash repayments, expenditures and inventory, and residential property bookkeeping. If these features aren't done efficiently and on time business will not survive.
A majority of these features, and much of bookkeeping, target business deals. They're economic exchanges between your business and persons or other companies that business deals. Accounting indicates focusing on how these deals are taken into account. Many organizations carry on economic exchanges with six fundamental groups: 1) consumers, whom buy products, 2) employees, that are paid earnings and salaries and they are supplied benefits for employed by business, 3) manufacturers and vendors, whom offer into business,4) debt types of money, whom loan money into business, 5) equity types of money, whom spend money on business expecting a profit on money spent, and 6) the us government, whom gathers various taxes.
There are other events having economic impact on business that really must be taped, eg lawsuits, uninsured flood or other loss, severance pay to laid-off employees, along with other non-planned situations and events.
Initial core purpose of bookkeeping is too record and record most of the above economic exchanges, even though the 2nd would be to report it. Accounting firms prepare financial statements for organizations to are accountable to managers and people. The three simplest financial statements would be the statement of financial problem or balance sheet, the earnings statement as well as the cash flow statement. Everybody else in business should understand and learn how to read these three statements.
The Total Amount Piece
The total amount sheet, or statement of financial problem, summarizes the possessions owned by a business using one side as well as the types of its possessions on the other side. Resources of possessions are divided in to two fundamental categories: debts and proprietors' equity. Some possessions result from borrowing money or buying on credit which has not been paid yet. They're debts. The rest of the possessions result from proprietors' equity which consist of the amount of money committed to business because of the proprietors as well as the revenue business has acquired and retained. It is important to understand that the total amount sheet is a lot like a snapshot and only shows simply how much business will probably be worth at the time the total amount sheet is used.
You generally see balance sheets like this:
Basic Balance Sheet
A number of Possessions A number of Liabilities
Proprietors EquityTotal Assets = Complete Liabilities + Proprietors' Equity
Occasionally you will also see proprietors' equity described as web well worth. This is calculated as possessions debts = Net Worth. While this may imply that business will probably be worth the amount taped into the proprietors' equity reports, it does not suggest business could be offered for this quantity. A whole lot more should be addressed when identifying the price tag of a business. However, the total amount sheet is a vital report that indicates simply how much you have got and exactly how a great deal you owe at a specific time.
The Income Statement
The Income report, or profit and loss statement, steps earnings and costs. It summarizes the profit-making tasks of business during a period of time. One part of the report lists all earnings: acquired, passive or portfolio. Others part of the report lists all costs. It often looks like this:
Basic Income Statement
Earnings Expenditures= Net Gain
Preparing earnings statements frequently help in calculating financial progress. Many managers and people spend even more focus on the earnings statements and you will often see abbreviated variations into the financial pages stating the very best distinct sales revenue as well as the main point here of net income.
The Bucks Flow Statement
Cash flow refers to the blast of cash coming in as earnings and venturing out as costs. The bucks movement statement summarizes the resources and uses of money in the commercial during a financial period. A fruitful business must handle both revenue and cash flow, they cannot equal both. Cash flow statements often look like this:
Basic Income Statement
Part 1. Operating Activities. Cash flow from the profit-making deals of businessPart 2. Trading strategies. Cash inflow and outflow from investing activities.Part 3. Financing Activities. Cash inflow and outflow from the funding tasks.
Summing the 3 forms of cash flows from above determines the bottom-line internet increase or reduction in cash through the period. Web cash flow from component one, operating tasks, will not constantly match the revenue reported into the earnings statement. It is because cash movement and costs from sales are on a different time table that when sales revenue and costs are taped on publications. Profit performance of a business receives the most interest, however it is also important to know and understand the cash flow from revenue and that's present this important statement.
You don't need an MBA, nor do you need to be a CPA, to run a business. But understanding fundamental bookkeeping can assist the financial facets of your organization, opportunities, taxes, and financial management. You will be at a disadvantage if you fail to understand accounting fundamentals. If bookkeeping features and three fundamental accounting statements covered inside section are a new comer to you, it's imperative you seek out resources to find out more about this topic. If you already have a basic understanding of accounting principles and statements, make certain you are keeping along with them in both your organization and private life.
Supply by Alain Burrese
Election Day is about a month away. And while candidates fight for your vote, it's important to know what happens after you cast it.
Personal financial management is not a subject that is taught in every school or college. This is something that nearly all of us face sooner or later. Our competence in dealing with personal finances has been largely dependent on personal experience as parents did not pay much attention to teaching their children how to manage their pocket money. GoBankingRates says that one-third of Americans have no retirement savings. People are increasingly aware of the need to manage their personal finances efficiently taking into account tough economic times.
Parents are now more inclined to explain the rules of personal financial management to their children than never before in order to prepare them for life as adults. But unfortunately, many parents do not know these rules themselves. What can be done to overcome this problem? The answer is very simple: IT solutions can be employed. We live in a time when each of us has a mobile device, and children start using such devices from a very early age: the website LittleThings.com claims that 90% of 2-year-olds use tablets and smartphones. So children are unlikely to feel uncomfortable when learning to manage their finances with the help of technology.
Which Solutions Can be Used?
Websites are the first educational resource that should be addressed. They represent a treasure trove of data on personal financial management. Their content is not limited to articles covering this topic. Such websites may contain a boatload of games and quizzes teaching children to manage their finances, videos, and more. Some of them specialize in a certain type of education materials (e.g. Financial Entertainment represents a financial games library).
Let's take a look at the Practical Money Skills website by Visa.
This website is full of educational materials that can be used by adults and children. Parents can choose materials depending on preferences of a child and his/her needs. Articles are written in simple words and children can understand them easily. They can be read by parents or by children themselves.
Children like games and they can play online games there, and these games will teach them to manage finances. If children (teenagers in particular) need some extra training in making savings and assessing their financial choices, they can use calculators. For instance, teenagers planning to take a year off before starting college usually travel abroad. They have a limited budget, so planning a travel budget plays a very important role. The Travel Budgeting Calculator can show them how much they will spend on a trip.
What about comics? People of different ages like them. This website offers several comics to the visitors that introduce fundamental money management concepts to readers.
Some other materials found on this website are videos, infographics, lesson plans (for educators), etc.
What are Other Options?
Think of downloading a mobile app to your device. Custom financial software and mobile application developers do their best to deliver a killer product. There are many good financial apps that can be used by children.
Here are some of them:
1. Quest to Clean Up: chores, rewards, saving. The app can help parents to teach their children to save and earn money on things they want. Children see how much effort is required to get an item they would like to get. Parents can add task and chores (paid/unpaid) using this app and reward kids after a task is completed.
2. Yuby. This app can become the first financial instrument for children. It has the Chore List that reminds its small users what their chores are and how much money they can get for each task. Yuby shows children the sum of money they have at the moment and displays their financial activity. Children can also see how much money they need to get the stuff from the Wish List.
3. Thrive 'n' Shine. This is an educational adventure game that teaches high school students to manage their personal finance. The app enables users to create avatars they like. Players learn to balance their needs and wants and earn different rewards. There are section quizzes and final summative assessments in this game. Teachers (or parents) can track children's progress using an online dashboard.
4. bankaroo. This app represents a virtual bank that teaches children about the value of money. Parents and children can make use of this app to keep track of money that children save or spend. It helps children to save for important goals. The app supports different languages and currencies. It has a paid (school) version, as well.
5. Lunch Tracker. The app teaches children to manage their saving habits by tracking spending on lunch. It contains money-saving tips. Users can see how much money they spend on dining out, eating at home or packing lunch. Children can also take the 30-day challenge to find out how much they save on a monthly basis.
Becoming savvy managers of personal finances from an early age is very important as rules of personal financial management learned in the childhood can be used by in the adult life. IT solutions can become a means of teaching these rules. Parents can choose any solution their children may like, be it an online game, puzzle, mobile app or something else.
Source by Tatsiana Levdikova
WASHINGTON -The united states of america Mint begins accepting purchases for 2016 The united states the gorgeous Five Ounce gold Uncirculated Coin Theodore Roosevelt National Park (item rule 16AM) on October 6 at noon Eastern Time (ET).
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