Investing

When you invest diversifying risk should be the utmost importance. Diversifying risk by investing in many areas is the obvious best way to invest. As the saying goes one should never put all the eggs in one basket. Risk is defined as ; a hazard, a peril, exposure to loss or injury, thus this means that something you might not anticipate will occur and can occur. When investing your expected rate of return on your investment should be of major concern when choosing different investment options. Some different investment options include, Stocks, 401(k), Certificates of deposit, Mutual funds, bonds, hedge funds, etf's, and municipal bonds. For definitions to all of these you should go to CNNmoney.com. One initial investment options you might have would be to Find out about the upcoming IPO'S Initial public offerings that means the company's that are newly started up and selling their stock. These type of start up offer a lot of potential for as a lot of investors are putting their money into newly started IPO's. If you have a large sum of money in sitting in the bank never leave money in an account that always leave money in a vehicle were it can make a return of some sort anything is better than a traditional banks usual interest rate which would probably be at .5% to 1%

Fidelity.com also offers a lot of investors tools free for site visitors it also provides definitions to a lot of investment things such as Cd's and mutual funds. One absolute way to be financially sound when investing is to make yourself financially aware. You can make yourself financially aware in a number of ways such as subscribing to a a business magazines such as money magazine which covers a lot of different topics and gives a lot of different advice on financials. Subscribe also to financial news letter that can be sent to your email. Remember invest never let your money sit on idle and always pay yourself!

Retirement

Retiring or even thinking about it? No matter what age you are retirement is always a subject that should stay at the forefront of any financial plan you may be executing. Working with a financial advisor is great if you can afford one is always more beneficial. Here are some websites that will give you a modest direction in which to go (napfa.org, fpanet.org, garretplanning.com). Saving for retirement is a challenge in today's market especially if you don't know what type of vehicle in which you want to invest in that gives you the most secure return for your money. The real challenge is to make the retirement money you save last for the rest of your life s that you can live at least efficiently and comfortably. When saving ,you should keep in mind the type of lifestyle you want to live, modest, just enough , or lavishly. Americans have a longer life expectancy rate now which means a longer period of time for pensions to be disbursed, which in turn means that employers have to Shell out pensions for longer periods of time. Younger Americans are being forced to take their pensions into their own hands because of the ever failing Social security system. I receive a social security and earnings statement every year and they inform me that out of every dollar that I am paying out of my check that I will only be able to receive .72 cents out of every dollar back. That's a bunch of bull. If you ask me I'd rather manage my own money but on a broader scale every one isn't as financially literate as me so I would suggest that the social security system let individuals be able to make the decisions if they want to manage their pensions from social security or not when they first begin paying into the social security system. CNN.Money.com offers a number if useful tools about and for retirement. Suggestion When you are in your twenties one should tighten up on savings And set the record straight for good money management skills, its either now or suffer later. In twenties one should live within means, that means no extravagant spending, essentials only! You should also watch out for fees on anything you decide to invest your money into. In one's thirties they should establish a career, set goals and stick to them, and it wouldn't hurt to open up an flexible health spending account the tax advantages are great. In one's forties one should constantly increase contributions to retirement plan , monitor investments, and refine your retirement plan. In one's fifties one should check on state benefits, stay with your current stocks options, and come up with a tax strategy to get the maximum from pensions. One should definitely plan a strategic place to retire such as near relatives, in a town were it is retire friendly, and good nursing homes and quality hospitals. Live long and prosper!!!!!!!!

Online Banks Vs Traditional Banks

When it comes to traditional banking Vs online banking there are alot of some major differnces especially when it comes to the APR (annual percentage rate) On the average a traditional bank wil give back an apr of say .5 % as opposed to an online bank's average which will give roughly 5% back on average. Alot of consumers don't want to leave their current bank because they don't want the hassle of having to re-doing their dirrect deposits or the allotment for certain payments. Online banks are trying to tear in the market share of the traditional banks by offering consumers these perks such as high dividend yields and no atm fees. Its probably best to open up one right now while the battle is on. In my opinion it is well worth it to open one up even if it is a hassle the return will make up for it


At HSBC, an online bank there are no checking fees and you can manage your account anywhere in the world that there is an internet connection as oppsed to the traditional bank where you have hours that they are open like from 9 to 5. Another amazing perk of the online bank HSBC provides besides the high percentage yield is it's 3 free withdrawls from any bank per stament period. There are a host of other online banks that offer similiar perks and the same services that traditional banks offer such as E Trade, and ING.