Insurance Types That All Experts Agree Are Actually Useful

 Insurance is known as the financial guarantee of life or home or expensive materials, the loss of which can be compensated by the insurance companies, if claimed by the policyholders.  Now the life insurance companies offer different kinds of insurance policies and the people should know about the features and benefits of these insurance varieties, before opting to buy any for their financial protection.

Varieties of insurance coverage that may privilege the buyers 

  • Life insurance policies are meant to offer financial protection to the family of the policyholder if he faces a sudden and untimely death before the completion of the policy term. The insurance companies offer various kinds of life insurance schemes, based on the coverage durations and the benefits associated with each policy. Term life insurance is provided with a definite duration of the policy, which means the policy will end after that duration and thus, available for a cheaper premium. On the other hand, the whole insurance policies are available for infinite terms and the policyholder can continue by depositing the premiums for as long as he wants, though the premium is much higher.
  • Health insurance policy is mainly purchased to cover the expenses of the treatments of all serious ailments, for which the patients need to be hospitalized. This type of insurance is essential to avoid the huge expenses of medical bills, when the policyholder is treated in any reputed hospital of the locality. The treatments of the accidental injuries are also mostly included in these health insurance policies, though for higher premiums.
  • Home insurance policy is meant for compensating any damage caused to the insured home, due to any natural calamity or fire. The insurance companies pay all the expenses for repairing the damages caused to the building structure and the interior décor of the insured house, which may be otherwise tough for the house owner to meet at a time.
  • Car insurance policy is purchased for the safeguard of the expensive vehicle, which may be stolen or damaged due to an accident and need huge expense for repairs. The buyer may take some additional coverage for the compensation of the stolen car parts or for repairing the damage caused to the car due to any natural calamity, apart from accidental damage.
  • Disability insurance policy comes really useful if the insured person becomes physically disabled due to an accident and he is unable to earn his regular income for many days. The insurance company makes sure to pay all the medical bills for the treatment of this disability and also compensates his lost wages. This type of insurance is particularly beneficial for the people involved in risky occupations.

So the buyers need to consider all their requirements, as well as the benefits of the insurance policy for selecting any specific insurance plan.

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Modern Mortgage Perceptions – Older vs Younger Borrowers

It was just a couple of years ago that many providers were reluctant to lend to older borrowers but now they are actively trying to attract this type of customer with some game changing mortgage products which are tailor made for older borrowers.

Following some valuable and recent extensive research conducted by Ipswich Building Society, it appears younger borrowers are more optimistic about clearing their mortgage repayments than the older generations.

The reasons why older and younger people take out a mortgage couldn’t be any more different. Older borrowers tend to use this to facilitate a move to a dream home or make renovations to their existing property. They are also more inclined to take out a mortgage to help younger family members.

Younger borrowers, on the other hand, appear to mainly be focused on getting their first foot on the property ladder and buying their first home, as they clearly see this as both a long term safe investment, and also, in the golden age of social media, it usually gives off the impression that you are succeeding in both life and career.


Over a third of people (37 per cent) expect to have a mortgage after 50 due to reasons other than not having reached the end of their term.  The most popular reasons cited were:

    • To cover living expenses: 15%
    • Invest in a new property: 13%
    • To free up funds to spend on holidays, car etc: 11%
    • To extend or make changes to current home: 9%
    • Due to changes in employment status/career: 9%
    • To give inheritance to children/grandchildren: 7%
    • To cover the expense of looking after parents in old age: 4%

Anyone requiring clarity about later life borrowing should seek the advice of an independent financial advisor who has expertise and qualifications in this market.

How to Reduce the Chances of Your Small Business Going Bankrupt?

The world of business can be quite tough, and it can be initially very difficult to set up a venture and get it noticed enough to bring in the money. Keep in mind that a number of small businesses tend to go bankrupt and wind up after a few months or years after being set up. It is important to use these strategies to reduce the risks of bankruptcy for your small business.

Manage your personal debt

In many cases, people set up a business with the hope that it will help them to pay off their existing debts sooner. However, it is actually wiser to start with minimal or no personal debts. It is important t take stock of your own financial situation before you proceed. This will leave you will less financial worries, as well leave you with a solid credit score that can come in handy should you need a loan.

Eliminate all unnecessary expenses

There are many unnecessary expenses in business, such as a cable subscription or a costly subscription for a magazine, which could add to your expenses of running the venture every month. These do not add any real value to the organization, and could be done without or deferred until you are making enough profits from your company.

Have a solid business plan in place

A good business plan is necessary to ensure that you have a proper monthly budget and expenses chalked out according to a proper layout. Whenever you struggle with your finances, you can look at the plan and find out whether you are straying from it or whether the plan itself needs an amendment.

Sell needless assets

If you are already struggling with money matters despite a solid business plan and budget, it is wise to curtail your expenses. This is possible through the sale of all unnecessary assets for your organization – such as furniture items that no one is using. If you have a room or two unused in your office space, you could rent it out – assuming you are the owner of the place.

Keep tabs on what others are doing

Do not bury your head into the sand and only hope for the best. Keep tabs on what other similar business owners are doing to minimize costs – whether laying off unproductive employees, opting for a smaller office space or displaying ads from related businesses for keeping operations going.

How to Use Elliot Wave Strategy in Day Trading

The reality of financial trading is that being a successful trader is hard. It is the main reason why most people who try trading will fail eventually. To succeed, you need to take time analysing how the market works. Then, you should develop a strategy that matches your risk appetite. For example, if you are focused on long-term trends, fundamental analysis can help you make decisions. If you are focused on day trading, you need to be good at technical analysis (see this guide for more details), which will help you understand the different chart patterns.

A common strategy used by advanced traders is Elliot Wave. This article will explain what this approach is and how you can use it in your trading.

What is Elliot Wave?

Elliot Wave was developed by Ralph Nelson Elliot in the 1930s. Elliot was an accountant, author, and a close watcher of the stock market. After suffering from pneumonia, Ralph was confided to his bed, where he spent most of his time studying market charts. While doing this, he started observing patterns, which led him to develop the Elliot Wave theory. He published his ideas in his first book, The Wave Principle.

According to the theory, when the price of an asset demonstrates an underlying trend, it will mostly develop in five waves. The three waves that move in the direction of the trend are usually labelled as 1, 3, and 5. These waves are called impulsive waves. The two counter-trending waves, 2 and 4, are called corrective waves. Once the five-sequence wave is completed, a correction will be formed. The correction develops in three waves known as A, B, and C.

How to Use the Elliot Wave Strategy

Elliot Wave can be applied to all asset classes in all timeframes. It can also be used in trading software Metatrader and web-based trading platforms provided by brokers. It is usually recommended that you implement the strategy using candlesticks, instead of the bar and line charts.

When applying the strategy, you first need to analyse the chart and observe how the price is behaving. For example, it is not recommended to apply the strategy in ranging markets or when the price is in consolidation phase.

You should then analyse the key points of the wave. In the example below, an impulse wave is applied in the GBP/USD pair. In this chart, the most reasonable outcome for the pair is that it will continue moving lower to the 1.2945 level, which is also the 38.2% Fibonacci Retracement level.

From this chart, there are a few steps required to ensure that the Elliot Wave strategy is applied correctly.

First, the first wave happens after a major market trend. Therefore, it is not ideal to start drawing the waves when the market is in consolidation. Then, the second wave cannot retrace more than 100% of the first wave. Next, the third wave cannot be the shortest of all the impulse waves. It is usually the longest. Fourth, wave 4 cannot overlap the first wave. As a reminder, a summary of this is shown in the chart below.

Here are some other rules you should follow when implementing Elliot Wave. When the third wave is the longest, the fifth wave will mostly be equal to the first wave. Also, there is usually a close relationship between the second and third wave. If the second has a sharp correction, the fourth will have a flat correction and vice versa. Also, After the fifth wave ends, correction waves usually end in the area of the fourth wave. In between the longer impulse wave, it is possible to have smaller Elliot Waves.

Another important thing about Elliot Waves is that it works best when used with other technical tools. The most common tool is Fibonacci Retracement. This is available in most trading platforms and is drawn by joining the extreme high and the extreme low of a security. By doing this, you will have a clear picture of where the price could move to.

In conclusion, the Elliot Wave is a strategy used by many professional traders. Although it is not 100% perfect (no strategy is), it has proven to be an invaluable tool to traders. To succeed at it, you first need to learn the theory by studying existing literature, then apply it in a demo account.

A beginner’s guide to Hedging

Hedging is an investment that serves to reduce or eliminate the risk associated with another investment. It’s designed to minimize exposure to unwanted business risk, but also allows you to profit from this investment.

Hedging – a strategy for reducing possible losses

To make it easier to understand Hedging, it’s best to see it as a risk insurance that arises from the business. When a company decides to hedge, they insure themselves against negative events. It does not prevent the negative event from occurring, but if it happens and you are properly insured, the impact of the negative event will be reduced and even completely negligible. For example, if you buy a home insurance, you have hedged yourself from fire, burglary or other unfortunate incidents. In the financial market, hedging can be more complex than the simple payment of premiums to the insurance company each year. Investment risk Hedging means the strategic use of instruments on the market to reduce the risk of price changes. It means that investors hedge one investment by investing in another investment. Technically speaking, in order to hedge you must invest in securities with a negative correlation in regard to your true state.

What types of business risks can be hedged?

Usually, they are:

  1. Risk of exchange rate changes
  2. Risk of changing the price of goods
  3. Risk of interest rate changes
  4. Risk of change in share value
  5. Credit risk

Since undeveloped countries are in transition, becoming more and more open to the international market, it is also impossible for business entities there to remain isolated for international events. All this requires more modern financial instruments while doing business, there is a growing need for risk reduction due to the unpredictability of the market and large price fluctuations. Reduction of these types of business risks is Hedging.

It is no longer necessary to ask if Hedging is needed but to apply it in practice

All hedging techniques involve the use of complex financial instruments known as financial derivatives. These are instruments, the price of which is derived from a relationship with the main instrument, or their value is derived from the value of another stock paper which is on its basis. In contrast to basic stocks, financial derivatives do not reflect any credit or equity relationship, they represent a type of right to other forms of financial assets. The most famous financial derivatives are forwards, futures, options, and swaps.

fx trader

How overeagerness can be your downfall as an FX trader

Trading on the global foreign exchange market is an increasingly popular way for people to invest their money now. The easy access thanks to the growth of online trading and the relatively simple nature of how the market works make it an attractive way to make some extra cash.

While the experienced and successful traders make it look easy, there are in fact a few different things to know about when investing in the FX market. One very important factor to take on board is not being too keen or overeager when trading in this fast-moving financial market.

Being too eager is dangerous

Of course, you need to feel motivated to trade, but this is different from getting over-excited and rushing to place trades on currency pairs. The main issues that many traders face here are twofold. Firstly, they let their emotions get the better of them and dash to place trades on adrenaline when they would be better hanging back. Secondly, the dynamic nature of the FX market makes them feel that they should act instantly to avoid missing out on a successful trade.

In fact, jumping the gun to get involved often starts before a trade is even made!

Trading online will require you to sign up with an online FX broker. These platforms are where you place trades and manage your open ones. As such, they will hold your bank details and personal data. This makes it super-important to choose the one you will use carefully and after thorough research. Do not be so excited to start trading that you choose one at random! The best idea is to check out impartial online reviews of FX brokers to find the right one for you. One broker that many traders use is Plus500 – to find out more about this broker, have a look at this Plus500 review at ForexFraud.

How else can overeagerness harm your trading journey?

Once you have found the best online broker to use, there are other ways that being too keen can prove costly as a trader. Here are some of the most common around:

  • Rash trading decisions –the golden rule when opening or closing trades manually is that you should only do so for rational and ideally predefined reasons. This could be, for example, that your trade has reached a predefined loss or profit level at which point you would calmly exit it. You should not be too eager to react to every move that the market makes or every new candlestick that appears. This will see you closing trades that could have won out overall and lose you money.
  • Overtrading trading too much is probably the most common way that being too eager is seen in FX trading. It is also to be avoided at all costs! The best professional traders do not open or close trades several times a day – many do not even enter the market even once each day! Once you have opened up a trade, let it run according to your trading plan and target profit/loss level. Only then should you think about getting involved again. In simple terms, with more trades, there is more chance to make a mistake and more chance to see your trading account slowly dwindle over time.
  • Not putting in the groundwork –when you first decide to trade FX, the natural urge is to jump right in and start investing money. This is a classic sign of being too eager and will only result in failure as you do not know enough to be a success yet. First, you should learn all you need to about the FX market, set a reliable trading plan, and use a demo trading account to get a feel for how it all works. This gives you a solid platform to start trading properly.
  • Too eager to ditch your system –the major part of any trader’s plan will be the trading system they use. This in effect sets out which pairs you will trade and how you will spot opportunities on the currency charts. The problem for many traders is that they get one bad trade and then ditch the whole system overnight as they believe it doesn’t work. This is a bad mistake! Do not be too eager to ditch an entire system for a few losing trades – to give your system the edge needed to win overall, you need to give it time to play out.

Patience and discipline are key to FX trading

This may seem like an unusual statement as the forex market is so fast-moving. However, it is this rapidly changing nature that means staying patient and disciplined will actually work out overall. By taking on board the above tips, you will be well on the way to doing this.

Home Leases Explained – Things to Consider While Selling Leased Homes

When it comes to selling properties, leaseholders often wonder whether they should sell their property with its existing lease or extend and sell it with longer lease period. Although this actually rests on personal discretion and preferences, there are a few general tips to consider with the extension of the lease process and the realty market itself. Find out about some of the top things to consider while selling leased homes.

Lease period

In case your lease is over 80 years, you can get an informal lease extension for a specific amount. It could be quite high for a short time in case the lease falls below that time span. Although that can also be achieved with a lease over 70 years, the shorter your lease is the tougher it will get for you.


You should also consider whether your freeholder wants to grant you a lease extension, without any need to serve S42 or some other notice. It is best that you write to the management firm or freeholder and ask about the total expense of an informal extension. The information could be offered to you clearly, and you would either be instructed to serve a notice or pay for its surveyor so that you can be made an offer. In some cases, you could be made an offer directly.

Formal Route expenses

When you go the S42 way, your fees cannot be kept lower than 4,000 – 5,000 pounds. This is because the solicitor’s and surveyor’s costs have to be covered, as well as the same expenses for your property freeholder. Any informal offer that is made will contrast the things that can be achieved through the formal process, along with the expenses.

Short lease selling

If you do not wish to extend the lease before selling, you have the alterative of selling the property with the existing lease. You are permitted by the Act to extend the S42 lease to buyer, but the purchaser is likely to knock off from your selling price when he considers the extension costs, professional expenses and the stress and inconvenience that he has to endure during the process. If your property is on a very short lease, it would be better that you extend it on your own, make the premium payments yourself and sell the home with the longer lease period. You can get a valuation done by a surveyor if you have doubts.

Should I Go Cash Free?       

Digitalization is a major feature in the financial field and lots of people now prefer to use cash free procedures in buying products or services online. All the local shops now accept payments through the credit or debit cards, enhancing the popularity of plastic money. There are many advantages of using cash free digitalized procedures than the usual monetary dealings with cash.

Primary notable benefits of using cash free techniques 

 Ensures financial safety while buying – When a person buys a product from a company and pays the price via credit card, he can expect to get the refund money from the credit card provider company, if by chance the concerned retailer company becomes inactive in the market due to some reasons. The customer may approach the law for his refund from the credit card company if it declines to do so.

  • Permanent proof of purchase – The monetary statement printed on credit card bill is a solid proof of any purchase, where the payment is done through credit card, instead of the cash. So the customers need not panic even if the purchase receipt is lost.
  • Guaranteed refund of paid price – When someone buys a product online and his purchased product is not delivered even after the payment is done online via credit cards, he should approach that credit card company for retrieving his money refund from that online selling agency. Usually, the credit card providers help their clients to get this kind of refund from the sellers.
  • Keep a check on the expenditure – When the money is spent digitally through credit or debit cards, it is easy to keep track of the expenses by checking the credit card bills. Also, there is a tracking tool given by the bank or an app may be downloaded, through which all the cashless transactions can be summed up to find the total expense of a person in a month.
  • Saves money on many purchases – Many banks and financial institutions often offer cashback money on most of the purchases done through their credit cards. So the buyer can expect a certain percentage of the paid cost price to return to his bank account, as per the rules of this facility. Thus, the customers can save a good amount of money on every purchase.
  •  Does not need to carry cash – Due to the facility of paying digitally via plastic cards or net banking, now people do not face difficulty in shopping even if they do not have enough cash in their pockets.

Hence, all these benefits have encouraged more people to go totally cash free in the coming days, using the digital procedures.



Choosing a Car That Matches You, Your Income And Your Lifestyle

 The purchase of a car is an important decision for every person, as it involves a large amount of expense and thus, adequate time should be taken to think over the selection of any particular car model. The car is a necessity for many busy people to reach the workplace in time, without wasting time in waiting for any public transport. But some people may have a passion for buying a car that will make driving more enjoyable.

Factors that may influence the selection of a car

 Buy a resale car for low salary – The total annual salary of a person should be considered before going through the different car models, for purchasing any of them. It is essential for a salaried person to have sufficient income to manage the cost of a brand new car. In case of low salaried people, they may consider purchasing a resale vehicle that will be available at reasonable price.

  • Choose cheaper car for short distance travel – If the buyer needs to travel very short distance between his home and workplace every day, then it is better to buy a cheaper car that will be available in a price that is maximum 10 – 15% of his yearly salary.
  • Opt for a costlier car for longer driving – But if the buyer intends to drive the car for weekend trips to larger distances and also he may need to often travel elsewhere for official purposes, then the car should be more comfortable and durable. So in this case, it is better to invest minimum 20 – 25% of his yearly salary for buying the car and the car model within that price limit can be selected.
  • Invest heavily on luxury cars if too passionate – If the buyer is really passionate about cars and extensive driving, then he may consider about paying even 50% of his annual income for this purpose if his financial obligations allow him this expense. The costly cars are given all the homely comforts and safety measures, making the car as good as one’s own home.
  • Choose the brand for getting a suitable car – The price of a car often depends on the brand value of its manufacturer. So the cars of lesser known brands may be available in lesser costs, even if it has all the comfort features. But people rely on the renowned brands and also the cars of good brands have better resale values.

If someone finds the purchase of a car too costly, he may consider about taking a car on lease for meeting his requirements of daily travel, at a much lesser expense.



Why Accountants Should Be Respected

You could be planning your accounting career or maybe just exploring the possible career options as a young professional and might not have the highest opinion about accountants. The truth is however that despite everything you might have heard about accountants and the profession, they are people that you need to take note of. Here are a few of the many reasons why accountants and even a career as an accountant need to be respected.

They Are in High Demand

Everyone needs accountants, be it governments, businesses, nonprofit organizations or even individuals. The fact is that wherever there will be a budget that will need to be managed and looked after, accountants will be needed and that is why accountants are set to remain in demand for years to come. They are crucial to any business or company be it small or large.

They Can Work Just About Anywhere

As stated earlier as well, accountants are needed just about everywhere. This also means that they can also find work wherever and whenever they want. You could be working full hours for one employee or even working part-time for several employees at once. When your services are needed everywhere there’s no shortage of work for accountants.

There’s Room for Growth

In an industry as important as accounting all kinds of career options are offered to you. You have the opportunity to work almost anywhere and with your skills being in high demand it also presents accountants with opportunities for advancements.

Certified Public Accountant (CPA)

The possibilities and opportunities for accountants are numerous. However, there is something to take note of over here that the field is very limited without your CPA. An accountant that has not passed the CPA exam cannot qualify as a CPA and the opportunities for such an individual are very few. To enjoy the full perks and benefits being an accountant could offer it is important that you set your sights on clearing that CPA exam and becoming a Certified Public Accountant.

A CPA is an accounting professional who has not only passed the CPA examination but also meets the additional state certification and experience requirements. There is much hard work that goes into becoming a successful and accomplished CPA. It is by no means an easy thing to achieve and clearing the exam alone can be challenging. However, all the hard work is justified and pays off well when you finally become a CPA and can enjoy the prestige and respect CPAs get from their peers, clients and even the general population.


To make sure that they pass their CPA exam with flying colors people often take preparation courses that prepare them for the exam and ensure their success. These exam review courses are not all the same and care needs to be taken before investing one to ensure that you get the best value for your money. This is something where surgentcpa can help you even if all others have failed and help you get ready for your CPA exam so that you are bound to succeed.

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