19/11/2019 Finance makes the world a new place

What Is Really Behind the NYSE Closure on 10-29-2012 – It’s Not Just Hurricane Sandy

What Is Really Behind the NYSE Closure on 10-29-2012 - It's Not Just Hurricane Sandy

The New York Stock Exchange closed its trading floors on Monday October 29, 2012 after Mayor Bloomberg told folks in New York on Sunday that the transit system, subway would close at 7 PM and perhaps for a couple of days. This included the underground traffic tunnels and mandatory evacuations were required for low-elevation areas were issued due to Hurricane Sandy with an expected storm surge of 11-feet, plus 75 mph winds. Okay so, let’s talk about the NYSE closure due to weather, something that by the way hasn’t happened in 30-years.

Now then, the other day on October 19, 2012 the stock market had a negative 205.43 day on the DOW, which happened to be the anniversary of the 1987 crash, also known as Black Monday (October 19, 1987). Well, consider this, the New York Times noted in their online emailed edition that “On This Day” in history; Oct. 29, 1929, stock prices collapsed on the New York Stock Exchange amid panic selling. Thousands of investors were wiped out. On the front page of the New York Times on that dreadful day of 1929 there was an article titled;

“Stock Market Collapse in 16,410,030-Share Day but Rally At Close Cheers Brokers; Bankers Optimistic to Continue Aid”

Okay so, I guess knowing these two coinciding patterns, that this might be a very wise day to close the NYSE with or without a “historic storm” some 850 miles wide, which is Hurricane Sandy, which now combining as it hits the shore with a cold front. You know what happens when you mix wicked cold air with very warm air from a Hurricane let’s say. You get amazing thunder and lightning storms and massive amounts of rain, plus all that energy and moisture from the Hurricane, ouch! And consider that this is …

Continue reading

Have a Better Pension with ISA Shares and Shares

With retirement in the UK providing a very grim view in key areas, other investment vehicles are often seen by people who are trying to provide a better quality of life when they finally leave the workforce.

Many financial products have an impact on personal benefits, which for many people outperforms the object of investing in different investment vehicles. ISA shares and shares, however, changed the game because it had some very good tax rules. They:

Have a Better Pension with ISA Shares and Shares
  • Dividends are not subject to additional tax
  • Capital gains are not taxed
  • Bond interest is not taxed

Income, capital gains, or trade are not considered taxable income so they do not have to be reported to the HMRC.

As stated earlier, personal benefits are not affected for people whose income is around 22,900, at least at this time. Other systems often fail miserably in this case.

With ISA shares and shares, retirement performance, although still important, loses a slight advantage. Although it should be noted that as the name suggests, ISA shares and shares are still dependent on the stock market. But most financial professionals will tell you that not having all the money tied up in one fund is a good idea, especially considering the fluctuating nature of the world economy.

The benefits of ISA shares and shares, especially when running side by side with pensions, give investors a better chance to get a good quality of life. Actually, more than having all the money tied to retirement.

If you are nearing retirement and are worried about what your current retirement or pension will result, you might want to look at stocks and distribute ISA, because that might offer you not so many alternatives, but more than reserves for retirement should be in their performance .

Many people ask for the help of …

Continue reading

Financial Planning Career – Know the Finance Industry

Starting a career in financial planning will take a lot of hard work and dedication to be successful. A financial planner specializes in the planning aspect of finances, usually finance planners focus on the aspect of personal finance rather than investments and insurance. This is an extremely lucrative career because of the increase in college graduates who need help after graduation forming a budget to pay back loans. A financial planning career requires extensive knowledge in the finance sector, ability to set and help assist in clients sustaining financial goals and helping clients build financial security.

Knowing the finance industry is a must for any financial planning professional. This career requires substantial knowledge in finance because it directly affects an individual’s spending and saving habits. A bachelor’s degree in finance is a very effective way to showcase your knowledge in the field. Having a 4 year degree will allow you to find the necessary experience with jobs and connections with other successful financial planners. This will only add to your credentials when you officially decide to go into a financial planning career. A finance concentration is offered at universities across the country and they will provide you with the necessary knowledge to success as a professional financial planner.

Once your education and experience reflect that of a successful financial planning career then you can start accessing your abilities to further advance your career. It is important that you understand the process of setting financial goals for your client. This includes potential budget concerns and strategizing spending habits for a certain period of time. Your main priority it to ensure that your client will meet all possible financial goals they desire without losing money in the mean time. A financial planning career can become demanding so it important that …

Continue reading

What’s Financial Engineering?

Financial engineering can be a discipline that uses understanding from a number of fields, including personal computer science, economics, applied mathematics and statistics, and applies them to revolutionary solutions to monetary issues as well because the creation of new finance merchandise. Also called computational engineering, finance engineering is applied within a selection of organization, which includes investment banks and insurance coverage agencies. 1 instance of your application of monetary engineering to a current issue is economic reinsurance items, which allow an insurance coverage provider to write significant policies devoid of shouldering a lot of risk by sharing it with a different enterprise in exchange for any portion with the premiums. Yet another instance is bundling quite a few items collectively into 1 package that’s provided to shoppers at a special low cost.

Several of the fields in which financial engineering is applied consist of:

Corporate finance. This is a blanket term that refers for the way the finances of a corporation are managed. Economic engineering is often employed to solve issues including how to allocate restricted firm resources among a series of investment opportunities in order to maximize returns. Or he can have a look at the financial records with the corporation and choose how you can reduce expenses in order to make a company much more lucrative.

Portfolio management. As a portfolio manager, it is actually your duty to handle an investment portfolio to ensure the ideal returns for the investor. Economic engineering is one of the tools that you could use to assist attain this objective. One example is, you’ll be able to pick out to hold on to particular investments long-term in the expectation that they would provide consistent returns over time. Or, when the investor has a larger risk tolerance, you could adopt an …

Continue reading

Handling Family Finance

Loved ones Finance – What has this got to perform with Enjoy?

Yesterday, at a couples’ dinner that was place collectively by our organisation, We had distinctive sessions that dealt with relationships, sex, communication in marriage, what to perform when communication breaks down, handling family finance e.t.c.

The session on Family Finance attracted one of the most comments, inquiries and heated arguments. And I felt I need to share a few of my views with you these days.

The following are several of the symptoms of wrong economic program in the family members:

Regular quarreling: involving you and your spouse shows that you’re operating a incorrect financial technique inside your family members. Additional importantly, it reveals that there’s a disparity in financial views and most likely a lack of trust. Continuous misunderstanding inside the location of finance at property is really a sign that each of you and your spouse will not be mature inside the area of family finance; you will need to enhance on that.

Household Replacement: If you hustle for dollars in the expense of your family members, if all you do is to appear for funds all day long with no loved ones time, no time for the spouse or your young children; then dollars is functioning against you and you are operating on a incorrect monetary system. The ideal gift you may give to your family is your time. How are you able to prove to them that you simply adore them without having spending time with them? You might have to make time for the loved ones.

Wrong Revenue Usage: You will find good and negative ways to use cash. Which is why you will need to sit down and take stocks of the life. Verify where your revenue is going; if …

Continue reading