Why a Degree in Finance is So Important

Every child grows up dreaming about what they will be in life, some desire to be teachers others doctors and some firefighters. When college students make a career choice they may take years and may change their major multiple times. As a sophomore at the University of Wisconsin Oshkosh I believe the most useful major that a young person can choose today for a career in the future is a finance degree. A finance degree will allow a person to have the knowledge on how to effectively control their finances, give them vast employment opportunities, and allow them to contribute to individuals and the economy.

Graduate students will have the knowledge to make decisions about college debt, their first major investment, and future retirement plans. Finance degrees will help provide a healthy and relaxed marriage as many divorces and unhealthy relationships between spouses are due to disagreements over financial decisions. Parents with finance degrees will be able to make critical decisions about their children’s college funds, mortgages, and investment opportunities. The knowledge one uses to make decisions at home will help them bring real life examples to job opportunities they will have in the workforce.

Finance majors will have the opportunity to critically search the workforce for the best available employment. The field of finance is one of the fastest growing occupations over the last few years. This demand is resulting in higher starting salary and excellent benefits. Many college students’ worry how they will find employment and deal with the real world. Students with a finance degree will be optimistic because of the high job placement this career offers. Also finance majors will have an edge because they will work with different topics concerning the economy on a daily basis.

Finance majors have the responsibility to guide individuals and businesses to the best possible investment decisions for the future. They are required to be comfortable and up to date with the economy in order to guide others to secure financial decisions. Individuals must trust financial advisors to help them make choices about the assets they depend upon to survive. The main goal of a financial advisor is to provide all types of people with the guidance they will need to live a happy and enjoyable life.

As I plan for the future I realize the financial struggles my family must overcome. My dad has struggled finding employment and with me and my older sister in college it has been a burden for parents to help fund our tuition. The upcoming years will not be any better with my younger sister beginning college and my youngest sister continuing to attend day care. Despite these financial difficulties, I am determined to relieve this tension off our family. As I move on with life I will continue to use my strong work ethic to overcome this financial challenge. These challenges are exactly why a degree in finance is the best possible degree a young person can choose for the future.

How to Finance Home Renovations

Renovations can have a significant impact on the value of your home. Moreover, with home improvements you can also enhance the energy efficiency of your home making your home more environmentally friendly while giving you access to a range of provincial and federal rebates. Nevertheless, these enhancements can also be very expensive so you may not know how to finance your home renovations. Fortunately, there are multiple options available to you.

Credit

Credit cards are the most common form of financing available to homeowners. While paying for renovations with credit means that you can pay off as much or little of the principle every month, they often carry hefty interest rates. Credit cards are also convenient with respect to buying supplies for your home renovation; but many people prefer not to rely on credit to finance major expenses like renovations.

Loans

Bank loans are straightforward and offer better interest rates than credit cards. Repayments are fixed and you can often negotiate a monthly payment that will not stress your budget too much. However, your bank will likely need some kind of collateral before you will be approved. If you have equity in your home, you should easily get approved for a loan. In fact, home equity loans often have the lowest interest rates, making them the ideal solution for financing home renovations.

Personal Line of Credit

A line of credit is somewhat of a cross between credit card financing and loan financing. Personal lines of credit will often have higher interest rates than loans, but lower rates than credit cards. Repayment schedules are also more flexible for lines of credit than bank loans, so this type of financing is often ideal if you’re not sure how much you can pay off each month. With a line of credit you can simply pay your minimum or even the entire balance depending on your financial situation that month.

Re-Mortgaging

Refinancing your mortgage is another option available for home renovation financing. Your payments will be spread out over the duration of your mortgage, and interest rates tend to be more reasonable. However, your access to finances will be dependent on the assessed value of your home, and you may incur legal and appraisal fees as well. Re-financing is more appropriate for large scale renovations; whereas credit cards, bank loans, and lines of credit are more suitable for more minor renovations.

Whatever financing option you choose, it is important to carefully consider your monthly budget before going forward with renovations. Especially if you plan to remortgage your home or use your home as collateral against alone, you open yourself up to the risk of losing your home if your income is diminished for any reason. Regardless, with careful planning and consideration, there are many appropriate and manageable financing options available to home owners.

Types of Finance Jobs

Finance jobs extend to fields beyond banking, investment management, and accounting. Career opportunities in this area can take you to NGO fundraising management, real estate appraising, and even business journalism. If you’re someone who’s equipped with knowledge and instinct in the field of finance, you do have a wide range of choices.

Commercial banks are among the instant destinations for many finance course graduates. Today’s banks offer a host of services for companies, families, and individuals for various purposes. These include savings and checking accounts, different types of loans, and other investment services. Fresh graduates usually start as tellers or customer service representatives in banks. Experienced ones can handle various positions, depending on their specialization, like mortgage banking officers, loan advisers, and bank managers.

Accounting jobs are another common target for people who’ve studied finance. It requires a good amount of technical knowledge in transactions, reporting, and other related tasks. People in this field generally begin with clerical positions, which train you in processing all kinds of checks, organizing ledger accounts, completing cash balances, and many others. They work their way up even to as far as the chief financial officer seat.

Financial planning is another option for people in this field, especially those who have acquired knowledge in estate planning, investments, and taxes. The main job of a financial planner is to help individuals manage their assets in the best way possible. This also includes helping people acquire funding for education, retirement, and other long-term objectives – securing a comfortable life for their clients. Some who are already experienced in this work practice as independent financial advisers, while those who are still learning the ropes and even most that are already seasoned in the field work in a firm.

The real estate industry also has jobs for finance majors. Property managers and real estate appraisers will work excellently if they have skills in the finance department. Similarly, the insurance business employs a lot of people who have studied finance. Their progress depends on the skills of actuaries, brokers, claims adjustment specialists, and underwriter.

Journalism is another industry open for people in this field. But this business requires all skills in numbers, analysis, and writing. Financial journalism is an interesting opportunity for those who’d like to an exciting career where they can meet leaders and other influential people in government and business.

Indeed, the world of financial careers isn’t just limited to banking and accounting jobs. It has a wealth of possibilities for those who have the skills and qualifications needed.

Top Five Intra Day Trading Tips To Become A Better Trader

In words of Warren Buffet The stock market is a device for transferring money from the impatient to the patient. Let’s read between lines. The investor or trader who is impatient (frequent buy/sell strategy) transfers money to the patient (holding strategy).

Find below herewith five tips which should be followed by a day trader:

Take advice of professional trader

Before one starts day trading it is better to take advice from experienced and expert day trader trainer. Every trainer will have different teaching method and style. See for one who has good teaching method. He should also suit your trading style. They may be ready to teach in their free time. He may charge the fee. As he is spending his free time with you. But it is worth. You can assume that paid fee as an investment, which you need to get knowledge. They are the best share tip providers when you trade.

In future when you grow big, many newbies’s will come to get knowledge from you. At that time you can charge them likewise.

Gather information from financial news

One has to gather news from across the globe. Segregate relevant news, which affects your business. Analyze and set priority which news will most affect your business. Stay updated on news like meetings, change in government policies and rules. Local, national and international news should be followed.

M&A, financial results, entry/exit of members of BOD, etc. These types of related news of the company one have shares in, make sense.

Though the news does not impact a common man but may have an impact on your investment in the concerned company. This news helps to take a smarter decision, especially while trading shares. Through nifty future tips also one can gather information.

Treat trading as any other business

Take day-trading as any other business. It is not a hobby, but a serious business. It is not for fun that one is in day trading. Like any business, it needs devotion and dedication. Trading is a part. One has to devote a lot of time preparing a plan. Study different charts before coming to any conclusion. Follow news on TV, read business magazines, study reports etc. It is a full day activity.

Keep eye on professionals

One should study professionals. What they are buying, when they are selling. For how much time do they hold the script? Since they have experienced one can learn a lot by keeping eyes and ears open and mouth shut. If one makes mistakes, then analysis the mistake. What went wrong and where? You can find them in many share market advisory companies.

Patience

It needs time, energy and devotion to master the skills. As the old saying goes Rome was not built in a day It was destroyed and then rebuild. This process was repeated many times over. Even if one makes loss he has to get up again for a fight.

Traders do not profit all the time. Many a time they incur losses. So one has to be prepared for losses and have patience during the time of loss. Commodity tips are also helpful to know the market trends.

Today’s successful traders were also novice once in a while. They got success by their hard and smart work. They had put in their efforts, made mistakes, but kept up their learning process.

Analysing Finance As a Career

The study of funds management is called finance. The various areas of finance include business, personal, and public finance. It includes lending, borrowing and saving of money and also how funds are spent. Finance professionals work in various fields across the globe. Modern technology has enabled them to focus more on using their analytical skills and less on numbers. Finance career offers a variety of work options in the public and private sectors.

If you have a degree in finance there are many chances for you to become a financial analyst, financial manager, financial auditor, financial adviser, financial officer or investment dealer. These titles are not exhaustive, but are representatives of various fields which finance majors can pursue. Many candidates with a degree in finance choose to work with financial institutions, government agencies, finance departments of corporations, banks, insurance and investment service companies.

If you choose to pursue a finance career you need to have certain mandatory qualities. Some of these qualities are: accuracy, attention to detail, ability to work independently, clerical skills, critical thinking, financial reasoning, fluency of ideas, business judgment, mathematical reasoning skills, money-handling abilities, negotiation, operations analysis skills, organizational skills, and team working skills. Let us now have we look at the various options available in finance career. Respective to your qualification, you can choose to be an accountant.

Again there are categories like tax accountancy, corporate accountancy and forensic accountancy. You can even choose credit wherein you need to analyze credit applications, risk management, and collections. Banking has always been a favorite option for finance students. The cherry on the cake would be a significant investment banking experience and you are surely going to be hired for a corporate financial development position. Advanced degree or certification is a plus to get promotions in corporate finance. Some senior positions in budgeting, planning, or strategy require an MBA, CPA or CFA.

Now that you are clear with the scope and requirements of a finance career, let us discuss on how to get you through the interview process. Good knowledge of Excel, VBA macros, Reuters and Bloom berg stations will help. Be prepared to tell why you want to work in the particular field. Do your research about the firm and its market status. Above all stress on your analytical and quantitative skills.

How To Save Money On Your Two Wheeler Insurance

Tips to save money on two wheeler insurance

Many people in India own two wheelers. It is compulsory for you to buy a two-wheeler insurance policy if you own a bike or a scooter. But can you reduce the insurance expenses? Sure you can! Just follow these tips and you will see a difference.

Avoid making smaller claims: Before you make a claim, see how much the bill amount is. If it is a small amount, pay it yourself. Making numerous small claims will unnecessarily bring down your NCB to zero which will overall lead to a loss.

Attach anti-theft devices: A car insurance plan offers protection against theft and other dangers to the car. So if the car is found to be safe and less susceptible to thefts and break-ins, the insurer will offer a discount on the premium. Therefore look to install some anti-theft devices to the car to not only keep it safe but also to reduce your insurance costs.

Be a good driver and earn No-claim bonus: Driving carefully will reduce the chances of your car getting into mishaps. This will reduce the need to make claims and you will earn NCB. The NCB will in-turn pull down your insurance premium costs.

Renew two-wheeler insurance before expiry: Do not wait for the two wheeler insurance policy to expire before you renew it. If you have a lapsed policy, you may need to pay some fees and fines to get a new plan. So always try to renew the policy on time to save money.

Buy online: It is known fact that insurance bought online is cheaper. So buy a two wheeler insurance plan online and save a considerable amount of money.

Choose the right kind of cover: If you have a two wheeler that you use occasionally or is almost on its way out, opt for a third party cover. If however your bike is used daily and is a valuable vehicle, go for a comprehensive plan. Knowing which cover you need will help you save money.

Deductibles: Every two wheeler insurance plan has a deductible component. This means that as the policyholder, you will have to pay certain amount at the time of a claim and the insurance provider will pay the rest. A high deductible will lower your premium costs and vice versa. If you are confident of your driving skills and feel you won’t need too many claims, opt for a higher deductible. This will help you save money on your two wheeler insurance plan.

Compare: Last but not the least, you most definitely need to compare the available car insurance plans to get the best deal at the best rate. This is one of the easiest and quickest ways to save money on your bike insurance plan. Compare when you buy a new plan or renew an existing one.

The Latest Trend In Doorstep Loans

These days, individuals frequently have no opportunity to visit loan specialist’s office to apply for quick cash bolster. Henceforth they begin asking financial assistance from relatives and companions that is exceptionally humiliating. Be that as it may, no more you need to shoulder the disgrace of looking for assistance from companions for banks and facilitates everywhere throughout the United Kingdom have presented Doorstep loans. As the very name suggests, finances under this cash backing is conveyed comfortable doorstep. Additionally, the sum affirmed is all that anyone could need for all your unimportant needs that look for your moment consideration.

Until the point that a couple of years back, applying for extra subsidizes was a testing assignment as you were requested to experience repetitive customs. You were solicited to submit piles from archives. Actually, it took a very long time to finish the whole procedure. The greater part of the circumstances, when you got an endorsement, the requirement for stores was finished.

Be that as it may, things changed with online machine mode that scarcely took a couple of minutes of yours. Simply peruse pages and you will run over different banks offering moment cash backing. Because of regularly expanding rivalry among moneylenders, it has turned into a great deal less demanding for you to pick the loan specialist that offers bargains according to your need.

Render your own subtle elements on an online application frame yet ensure it is finished and exact. Numerous loan specialists may get in touch with you inside no season of applying. You can choose from bargains that suits your current needs. In the event that they are happy with your data, assets may be authorized into your bank tally and you can sue it the way you need with no confinements. From paying pending power charges, Visa charges, stockpiling charges; obligation solidification, child’s instructive expenses to traveling, meeting wedding costs and therapeutic urgencies, you can do everything.

Regardless of where you live in the United Kingdom, you will get cash comfortable home as 12 Month Loans. Assets will contact you either as cash or as a check. Loan specialists will charge financing cost contingent upon your current settled pay and reimbursement capacity. Sometimes, reimbursement residency is additionally broadened. Here, loan specialists charge extra expense for late installment. Be that as it may, paying extra sum isn’t an issue as you can dispose of every one of your inconveniences without running all over.

There is all around the energy among the general population about getting the sum specifically at the entryway with no dreary undertaking by any stretch of the imagination. What’s more, the news is valid and spread like a fire over the United Kingdom. In this way, it is awesome time for those individuals, who used to go to the entryway of the bank keeping in mind the end goal to have exchange about the loans. However, now, the time has come to desert the conventional framework for the acquisition of the earnest bucks in light of the fact that the presentation of doorstep loans UK has been influenced the impact in the finance to advertise.

In this way, the borrowers don’t need to squander their valuable time in going all over on the grounds that the sum something like 100 to 500 is specifically dispatched at the home of the candidates inside round the clock. There is no prerequisite of playing out the hassle full customs. In this way, influence a call to the appropriate loan specialist with the sensible enthusiasm to rate and get the sum as ahead of schedule as could be expected under the circumstances.

Top 5 Benefits Annuities Can Bring Except The Lifetime Income

Earning a consistent income in their retirement life is a major concern for the seniors approaching their retirement and many of them invest in different annuity insurance plans. These annuities help the insured to receive a guaranteed income for life protects from the fear of outliving their savings. Also, if a senior couple hasn’t saved enough or doesn’t have someone to support after their retirement, these policies help greatly to take care of their daily expenses and maintain a better lifestyle. However, the majority of seniors isn’t aware of all the benefits an annuity can bring. Most of them buy an annuity solely to receive a guaranteed income in their retirement life but the annuities have a lot to offer. Here, we are going to explain five more benefits of a retirement annuity plan that you might not be knowing.

Benefit to your loved ones

At times, seniors pay a long series of premiums to earn them back during their retirement but die at an early age without receiving the complete benefits. Many seniors die soon after their retirement and insurance providers keep their share of investment with themselves. But, the new additional feature allows transferring the benefits to the beneficiaries, if the insured dies early. Along with the immediate annuity plan, you can choose a guaranteed period of 10-20 years that are calculated since the time you start receiving the payments. If you opt for a 20-year guaranteed period with the annuities, your insurer will provide a series of payments for exact 20 years. You can name your spouse or kids as the beneficiary and they will receive the benefits for rest of the period, in case you die early.

Tax deferral on earnings

Most of the investments are applicable for state and federal taxes, but the investments such as interests, annuities, dividends and capital gains earn a tax-deferred status. These investments are tax-free until you withdraw the accumulated amount. The tax-deferral is similar to 401(k)s and IRAs, but there isn’t any limit on the amount and you can put any amount into the annuities that you assume enough to spend your retirement comfortably. Moreover, the minimum withdrawal criteria have more flexibility than that of to 401(k)s and IRAs.

Tax-free investment transfers

Market performs differently at a different time and an investment performing strong today may perform poorly after a certain period. Hence, investors keep transferring their investment amount form one to another fund and there are financial advisors to help with the same. Usually, these investment transfers or rebalancing are applicable for taxes but the annuity retirement plan has no such tax consequences. That means, you can rebalance your investments as per your financial advisor’s suggestion and you won’t have to pay any taxes on that.

Protection from lenders

People take different types of loans to match a better lifestyle and pay the due amount in installments. At times, people reach a stage where they only have the money enough to take care of their fundamental requirements and aren’t able to pay the loan installments. In such cases, if the lender files a lawsuit, they may lose the return on the investments made. Annuities insurance policies also help protect your investment return even if you can’t make the installments. Usually, the premiums you have made to your insurance provider, belongs to them and there are laws that restrict that money to be accessed by the lenders.

Variety of investment options

Insurers help the investors with a range of annuity options at retirement including the fixed and variable one. The first one credits a certain rate of interest on the amount you deposit while with the later, your money is invested in the stock or bonds like mutual funds and provide a return based on the market performance. Also, various insurance providers have introduced different types of floors that set a limit by which your investment value may not fall further. That means, if you have invested in a variable annuity, you return won’t fall below a certain value, despite the fluctuations in the market.

Top 6 Advantages Of Student Loans

It is just a common myth that only the federal loans provided by the UK government are cheaper and easier to repay than the student finance options provided by the private direct lenders. However, if you see the APR and repayment modes, then you come to know that private student loans are the clear winner! Let’s have a quick look at the top 6 advantages of education funds offered by the direct lending companies:

Borrow Short-Term and Long-Term Funds

Whether you are looking for a big amount to complete the higher education course, or need short-term funds, to give just hostel and tuition fees; both options are easily available and you can access the required funds in less than 24 hours without facing any hurdles. You can ask the lender to transfer funds directly to your bank account or deliver to your doorstep.

No Documentation to Waste your Time

The time of a student is very precious and instead of taking stress about the cash, he should focus on studies. Direct lending companies know the importance of young generation in the development of the UK and hence they offer paper free student loans plans. You are not required to submit your last class mark sheet or the address proof.

Apply Online in Just 2 Minutes

You don’t have to bunk classes or take leaves from the college, just open your laptop or smartphone and apply for the student finance loans on any reliable direct lending website. You would need just 2 minutes to complete the online application procedure. No hard copies or soft copies are required.

Avail Funds with No Guarantor

Students don’t have a big network to arrange a guarantor. They are dedicated towards their studies and interact less with people. Arranging a guarantor is an embarrassing task for them as people are not ready to co-sign their application. They can easily access student education loans with no guarantor and no broker by applying to a reliable direct lender.

No Hurdle of Bad Credit History

Some students have bad credit issues due to pending credit card bills or some other reasons. Banks and conventional lending companies don’t entertain their funding requests. However, they can easily secure the cash by applying student loans to a bad-credit friendly lender. There are no hidden charges. You can compare various deals and grab the best one with the lowest APR.

Easy and Flexible Repayment Modes

Everybody knows that a student can’t repay funds during his education time. He doesn’t have a steady source of income. Direct lenders offer various student repayment plans that can be chosen as per comfort. You can either start repaying in installments from the next month or repay the total debt in instalments after completing your education.

Sip Calculator Magnetizing The Investors Towards Online Investing

Online investing option has reached to a higher level with the introduction of SIP calculator. Making the calculation of SIP amount easy, the tool is handy to use as well. Let us understand the concept of SIP calculator with a story. There were two friends Yash and Rohan. Both had passed out college and were placed in MNCs. With the commencement of their career, they took a resolution of initiating their investment also. Yash was very trendy, and new technologies magnetized him. On the contrary, Rohan was simple and was not much of a techie. As both of them decided to invest, Yash did all the research online and also prompted Rohan to take up the online investment method. But, as for Rohan, it was not his area of expertise. So, Rohan relied on the mutual fund agent, and Yash went for online investing. When it came to deciding the amount to invest as SIP monthly both were confused. Yash took the help of an SIP calculator, and Rohan trusted the agent. But, the outcome was that Yash got the exact amount required for investment and the agent failed to calculate the precise amount and thus took an approx figure. Thus, for the same scheme Yash paid the correct amount that was required and Rohan had to pay a little more due to the inaccuracy of calculations.

The story signifies the importance of SIP calculator in the investing process, because the amount of SIP decides the corpus (the main aim of investing). Especially in the online investing the role of an SIP calculator is of vital importance. The investor advances towards being free in order to make the optimal use of their money. SIP calculator acts as a catalyst in aggravating the process investment through proper channel.

Features of an SIP calculator:-

There are a lot of features which motivates an online investor to use SIP calculator. A few amongst them are stated below:

Easy to use:

SIP calculator is an easy tool to operate on. The user-friendly approach is the striking feature of the tool. Providing an environment of smooth functioning and quick calculations, an SIP calculator in India is making online investments attain new heights with each passing day. The main reason of the increasing inclination towards online investment is the handy tool (SIP calculator), which ease out the complex calculations manifolds.

Using CAGR:

SIP calculator uses the formula of CAGR (Compound Annual Growth Rate) to calculate the returns. CAGR is the most widely accepted concept for the growth calculation of investment over a period extending one year. The calculation of CAGR is very complex and not beyond the grasping power of non-financial people. It is a mind wrecking concept and takes time to understand. But you need not worry. The CAGR calculation is simplified with the help of SIP return calculator. Paving the way for quick and easy calculations, SIP return calculator has become a defining point of online investment.

Targeting accuracy:

The goal of an SIP calculator is to provide results that are 100% accurate. But, it works on the inputs that are fed to it. Any mistake in the input data leads to an erroneous result. Otherwise, the result shows the exact and accurate outcome without the mistake of a decimal place. A perfection of that level is surely a strong feature of SIP return calculator.