Category: Finance

Investment guides

Top methods for how to multiply your money. Once you’re clear on your needs and goals – and have assessed how much risk you can take – draw up an investment plan. This will help you identify the types of product that could be suitable for you. A good rule of thumb is to start with low risk investments such as Cash ISAs. Then, add medium-risk investments like unit trusts if you’re happy to accept higher volatility. Only consider higher risk investments once you’ve built up low and medium-risk investments. Even then, only do so if you are willing to accept the risk of losing the money you put into them.

Investors often place great importance on price-earnings ratios, but placing too much emphasis on a single metric is ill-advised. P/E ratios are best used in conjunction with other analytical processes. Therefore a low P/E ratio doesn’t necessarily mean a security is undervalued, nor does a high P/E ratio necessarily mean a company is overvalued. Some mistakenly believe there’s less to lose with low-priced stocks. But whether a $5 stock plunges to $0, or a $75 stock does the same, you’ve lost 100% of your initial investment, therefore both stocks carry similar downside risk. In fact, penny stocks are likely riskier than higher-priced stocks, because they tend to be less regulated.

Properly managing your credit is one of the most critical responsibilities of the financially responsible individuals. Your credit score plays a major role in your financial life. Your credit score determines whether you are approved or declined for major purchases such as buying home, car, or receiving approval for a credit card. Your credit score will also impact the interest rate that you receive on your major purchases. While buying a car at a 0 percent interest rate for 5 years can be a wise financial decision, paying for the same car at an 18 percent interest rate is a poor financial decision. See extra details on How to build a good credit score.

Saving money and investing it are closely connected. In order to invest money, you first have to save some up. That will take a lot less time than you think, and you can do it in very small steps. If you’ve never been a saver, you can start by putting away just $10 per week. That may not seem like a lot, but over the course of a year it comes to over $500. American Express National Bank currently offers a strong 2.10% Annual Percentage Yield on their online savings account. There is no minimum deposit required and no monthly maintenance fees associated with a Personal Savings Account from American Express so the yield is earned on all balances. The brand also offers high-yield CD’s if you’re in the market for a place to park your cash and are in need of high interest rates.

Buffett says that the hardest thing is to trust your investment decisions. You always think that others are right and you are wrong. Instead, you need to study and believe in yourself. To be successful, you need to overcome the fear and not pay attention to what others are telling you. Accumulate knowledge and make investment decisions on your own to stand separate from the crown and be a winner.

About MultiplyMyMoney : I have more than 12 years of experience as an independent and personal financial and investment consultant. I used to run a financial blog called BuylikeBuffett which provided insight on investing, saving, money management, and all things finance. I am also the author of Your Financial Playbook: A Guide To Navigating The World Of Personal Finance a financial guide written to inform the beginning investor about the basics of the market. I decided to start a new site because I receive a great number of questions about financial topics on a daily basis. I figure that this would be a great way to answer those questions and increase financial literacy. I also figured it would be a good platform to write articles on everything from teaching how to get rich, explaining the basics of cryptocurrency, to detailing ways of rebuilding your credit score. I was the founder and president of New Horizons Financial Management, LLC, and was a registered investment advisor. New Horizons was an independent investment advisory asset management and personal financial consulting firm offering investment advisory services to high net worth individuals. See more info at Multiply My Money.

Continuity offers with auto ship financial payment processor

We have been talking about diverse properties of the high-risk merchant account business for years and have most likely touched on most, if not all of them, of the most decisive issues. Here are some more advices on high risk credit card processing.

High-risk merchant accounts are a subset of financial services that offers firms to accept card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face limited choices in processors, plus raised fees and harsh contracts. Being labeled as high-risk sounds bad. But in some scenarios, it can be your only option.

It’s virtually impossible for eCommerce merchants to do their business without accepting credit or debit cards. Before you can accept “plastic,” you need a payment service provider who acts as a link between you, banks, and credit card networks.

A lot of financial service providers do business only with with low-risk businesses, who they see as a low risk investment. That means businesses considered high-risk will have a very small selection of potential payment services to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents.

Here are some high risk credit card processors : Cayan has a reputation for helping businesses develop more meaningful customer connections through cutting-edge payment solutions. They’re also known for reasonable pricing, and not requiring an early termination fee (ETF).

eMerchantBroker.com is a Los Angeles-based credit card processor that primarily serves high risk e-commerce business types. The company’s high risk processing services include chargeback dispute resolution, an online payment gateway, ACH processing, merchant cash advance, and MOTO processing options. eMerchantBroker.com has maintained a low complaint rate since our first review of the company and appears to offer custom pricing plans depending on each business’s type and processing history.

We used all of the high risk credit card processors, to be able to compare and our pick was HRMA-LLC. They cover all business types, have a huge experience in the business, fast customer support and low fees.

Do you have a business related to Student loan doc prep merchants ? HRMA-LLC can help you. See extra info on High risk merchant account.

Purchase crypto online and extra crypto tips

Cryptocurrency is the big boom in 2019, a market that offers huge profit making possibilities. But it’s also extremely risky so before you jump in it’s better to be educated. Here are a few advices if you want to purchase cryptocurrency online in 2019. To begin investing in Bitcoin and other cryptocurrencies you first need to sign up to an exchange which will offer you to buy cryptocurrency with money. An exchange is basically an website that offers anyone to purchase and sell Bitcoin as well as any other cryptocurrency that they have traded.

To make your first trade, input the amount of Bitcoin you want to buy in the provided field and click the buy button. On Coinbase or Coinbase Pro, this will be a basic “market” buy order, which will purchase Bitcoin at the best market rate. Alternatively, you can place a “limit” order, which lets you set a price you’re willing to pay for a certain amount and a trade will only happen if that amount shows up at that price.

A lot of Altcoins end up losing value over a certain period of time, sometimes in an unusually short period of time. It is, therefore, paramount to understand that whenever you hold an altcoin for the long term, be careful not to hold on to them for too long. One of the best measures of coins that are perfect for long-term investments is the daily trading volumes. The higher the daily trading volume, the more suitable an asset is for long-term investments. If you’re thinking of going long term with cryptocurrencies, consider investing in some of the following coins: Ethereum (ETH), Factor (FCT), Monero (XRM), and Dash. These have decent trading volumes on various exchanges around the world.

I hate to tell you this, but get over yourself. You’re not always right. And it’s okay. Investing is a game of speculation which involves some amount of luck – even for professional investors. To be a winner in this space, you only need to be right a certain percent of the time. For example, if you 2x your investment 55% of the time, then you can afford to lose 45% of the time as you will make money in the long run.

Learn the Difference Between a Bear Market and Bull Market. General wisdom says “Buy support in a bull, sell resistance in a bear.” Regardless of what type of investor or trader you are… you should learn to spot the difference between a bear and bull market and shift your tactics appropriately. From 2015 – 2017, during a long bull run, you could essentially buy every Bitcoin dip and come out ahead. In 2014 and 2017 buying dips was mostly rewarded with heavy losses. In 2014 and 2018, two bearish years, shorts could short every resistance and profit. In 2015 – 2017, it was rarely safe to short Bitcoin. Knowing the difference between a bull and a bear can be a big deal in any asset, but with the brutal market cycles of crypto, it is especially important to learn the difference.

We could say that cryptocurrencies were born in 2008 when the domain name bitcoin.org was registered on August 18. Then, on October 31, the mysterious Satoshi Nakamoto, who designed Bitcoin, publishes an article that launches the ball: “Bitcoin: a peer-to-peer electronic cash system.” The first Bitcoin transaction occurs when Nakamoto sends Hal Finney, a computer programmer, 10 Bitcoin (BTC) on January 12. Bitcoin is the first digital currency created without the intervention of any government, central bank or organization. Under the pseudonym of Satoshi Nakamoto, a person or a group of people proposed and created a completely free digital currency, supported by its users through a P2P network. Until today the identity of its creator remains a mystery. See more info at Cryptocurrency Guy.