The goal of every financial manger is to create value to the providers of finance. Value is represented by the general well-off of an individual which, in turn, is a function of the individuals’ Investment, Financing and Personal reward decisions taken. What is your goal? Are you creating value for your provider if finance (you)? Many people always look for what I call “the whooping object” to lay all their financial blames on. They think it is the responsibility of the government or the company they work for to take care of their finances. I am here today to tell you that the financial imbalances/inequalities you are experiencing is all your fault. Below are some of the reasons you are struggling financially and tips on how to overcome them.
(1) Breaking of natural Law: Investment is one natural law that is so powerful that God Himself could not ignore it. Oh come on; He invested His breath in you before you came into existence. You see, you cannot expect result when you have not made any form of investment. As important as this is, many people especially those that has phobia for figures. Accounting or some figure crunching discipline has nothing to do with your investment decision. You have to first of all make up your mind to invest then look for an investment analyst to do the investment appraisal for you. In our world of today, you don’t need to know anything about anything before you can get the benefits that accrues to it. Simply look for a person that has the expertise and you are there. Again, the most important thing is to have a strong desire to do whatever you want to do in the first place. Do you want a fulfilled and bright tomorrow, then make INVESTMENT TODAY, CALL that financial/investment analyst that live on your street today.
(2) Cheap advice: Talk is cheap but only on casual basis; quality talk is not cheap nor free, in fact, there must be a price attached to it. can you take legal advice from someone with Engineering background and into some legal problems? If no is your answer, how then do you take financial advice from people who are not experts in regard. Formal training in any TECHNICAL and SPECIALISED area cannot be substituted with intuition or hunch. This is one of the reasons that people who are supposed to be doing well financially always struggle to make ends meet. Listening to quarks on financial (or any specialised) matters is like letting a blind man lead you when you have problem with your sight. Check out all the successful people in our society, you will discover they all have one thing in common; they hire the best financial expert they can lay their hands on (they also do same on all other facets of life, but our focus here is on finance)
(3) Unnecessary Delay in taking action:This can kill even the soundest idea. In fact, this is another reason why many people go unfulfilled in life when they would have been better-off if they had taken action. For instance, Many people postpone the date to start saving and investing to the extent that they eventually don’t do anything about it. That will perfectly introduce us to the next reason why their is so much financial inequalities in our society.
(4) Lack of saving culture: I know you will be wondering why i have left out this point till now, well, the answer is simply that “good financial advice from your financial analyst will guide you through fund raising even when you don’t have. Yes! you heard me right, “as important as saving culture is, one can still invest in sand project without having to save a dime towards the project”.
Wise use of radiators to cut energy bills
Trading Forex
It has been only couple of months when financial press was lamenting the fate of US dollar. All time or multi year low against many currencies, credit crisis, housing market in shambles, nightmarish deficit. Seemed like every news hitting the wire was worse than the one before. Tragic story. And the outlook, well, just as bad.
What a difference two months make. USD has staged impressive rally across the board. Large moves against CHF, AUD, EUR, NZD and GBP seemed to quiet the critics and reverse general sentiment. There hasn’t been many bullish news for the dollar, as much as a lot of bearish developments for the other currencies. Falling commodities prices and signs of world wide economic slowdown seemed to take the heat off of the Dollar. The new “whipping boy” of forex markets is, for the moment, British Pound.
Just how bad have things gotten for the Pound? GBP-USD lost 8.2% percent in August. This is the biggest monthly drop since October 1992, when the fall was just a little worse at 8.6%. And we all know just how memorable that event was. UK left European Exchange Rate Mechanism which resulted in a huge one day Sterling tumble. That is when George Soros “broke” the Bank of England and reportedly made $ 1B in one day, something that is stilled widely discussed in all financial circles.
This time around there has not been any single event, but rather a string of news of economic data getting from bad to worse. Figures reported in August showed house prices fell at their fastest pace since 1991, while retail sales plunged to their lowest level in 25 years. These are pretty bad numbers by anyone’s standards and they culminated in news that economic growth ground to a halt in the second quarter.
This raised expectations that the Bank of England would move to cut interest rates during next meeting, further undermining the Pound’s appeal to investors. And it looks like investors have been loosing faith in Sterling rapidly. Over last couple of weeks GBP sell off was not confined only to its pair with Dollar, but broadened significantly. Just over last 10 trading days pound fell 1000 pips against JPY, 500 pips against CHF, while CAD gained 600 pips. To top it all off, EUR-GBP is on a brink of all time high.
We don’t know what BoE is going to do, but current outlook for the Pound is not very optimistic. That is, at least, general market sentiment as reported by financial media. We all know, however, that market participants, as a group, tend to be collectively wrong when markets are reaching the extent of their moves. Just look two months back and USD.
Current Sterling situation isn’t exactly like that. We are not at multi year price extreme, but rather an intermediate move bottom, as measured on weekly charts. Let’s take a closer look at GBP-USD and use it as a proxy for all Pound pairs. After an initial sell off from 2.1100 to 1.9400, there was a period of consolidation. It was followed by this latest leg down, which reached 1.8200. This is probably the extreme of this move.
Chances are price will consolidate in this area, contained within roughly 1.8500-1.8000 range. This should take few weeks. After that, breakout above/below this range will likely indicate direction of next price move. Analysts are predicting continuation of the move down, to about 1.7200, but given their recent track record, appreciation to 1.9200 is more likely.Income Tax Return|Loans
No matter what happens, Pound is currently at very important juncture. Even if you missed most recent moves, just get ready and be patient. Next few weeks will probably provide very good trading opportunity, with a move large enough, that, if caught, can easily make trader’s year.
Fire equipment has an important part to play in any company or home. There are variety of fire extinguishers available in the market, for house and commercial purpose. All new portable Co2 fire extinguisher are now coloured red and some have a zone of colour, which indicates the contents of the extinguisher. This colour indication appears on the front of the extinguisher.