Category: Finance

Share market is an avenue where one can see the ups and downs in the rate of shares of companies that are listed. The movement in prices is as per the demand and supply as well as the updates from the concerned company and market. For many people, such ups and downs prove much helpful as they can help them get profit in intraday trading in the market. However, it is not a game free from risks and hence only those who know the game can play it safely.

For such traders, the brokerage is an important term as well as the expense that they need control and therefore they try to have the account with the broker who charges them the lowest. Though the market has no specific standards and hence any broker can charge any amount as brokerage services, there are also some brokers who offer a grand discount in brokerage. Hence working with them can prove cost-effective to such traders as they do not charge heavy amount. Hence an account with such discount broker can be much helpful to such bulk traders. One can find several discount brokers in India who offer amazing services at discounted rates and hence it is necessary to know a few things about them.

The role of a broker:

Truly speaking the broker is the person who can facilitate the trader for the trading in the stock market. He offers the services with the help of which one can trade in the intraday as well as delivery based trading. However, here one must note that the rate of the brokerage in both of these segments is different. In intraday trading, the brokerage is lower compared to that in the delivery based. For a trader who loves to go for trading in any of these segments once or twice in a week it does not matter much whatever the brokerage charge he has to pay but for those traders who deal daily in the market and that too in a huge volume this rate becomes much important as at higher rate of brokerage he has to spend more amount which can reduce his overall profit significantly. Hence for such a trader who takes it as a business, it becomes troublesome to manage the show and hence normal broker cannot be allowed.

Why is it important to avail of this service?

Though the broker has a good role in market technically, in reality, he is just a facilitator for the trader, and therefore the bulk traders love to go for the broker who offers a discount in brokerage or one can say offer services at a low cost of brokerage. It helps the trader to save a huge amount of daily basis which can lead to an increase in his overall investment in the market. It leads to more volume and therefore more amount of profit and a strong portfolio.

The traders who deal in bulk knows the system well, and they hardly need any assistance from the broker other than the payout regularly.

Entrepreneurs face a common dilemma after expanding their commercial operations up to a certain point. They have a very difficult time deciding whether to offer sweat equity shares to their top executives. At the end of the day, these are individuals who assist these proprietors in the decision-making process. They’ll obviously do whatever they can to make them happy and content with their jobs. This implies adequately rewarding these employees for all the effort and time they devote. However, these businessmen are reluctant to take such a step for one important reason. It means forgoing full ownership and control of their establishments. They may not be acceptable to them.

Arnon Dror LinkedIn – Why should entrepreneurs offer sweat equity shares to their top executives?

Very few financial executives can boast of achieving the same accolades as Arnon Dror. This master graduate in business administration is cut above the rest in the business world. His illustrious career expands 20 years. During this time, he has a distinction of occupying the office of Vice President in many companies. Xerox, Creo Inc., Scitex, Kodak, Creo Americas and Presstek are just a few of them. In each of these establishments, the officials say he is the architect of their concern’s transformation. They acknowledge his exceptional track-record in the area of internal reconstruction. Many of them even regard him as specialists in many diverse fields. These include internal control, international taxation, cash flow management, ERP integration, corporate mergers, and strategic management. Entrepreneurs just need to browse through the Arnon Dror LinkedIn profile to know more about him.

This financial expert says entrepreneurs go out of their way to hire the right professionals. They are aware that these are individuals who can help them achieve their organizational goals. Losing them can be detrimental to their businesses over time. However, these employees also expect the owners to reward them for their loyalty and contribution. This is where offering them sweat equity shares comes into the picture. This professional state the following 2 important reasons why the proprietors should consider taking this step:

1. Retaining the best brains and talent

Entrepreneurs formulate and implement a retention strategy for their workforce for a purpose. They want the important members of their staff to think twice before handing in their notices. The owners are aware that these individuals are very difficult to replace. They have knowledge, skills, and talents which make them stand out in the job market. Offering them sweat equity shares at reasonable prices enables the proprietors to achieve this objective. It gives the top executives a feeling that employers recognize their contribution.

2. The employees assume greater responsibilities

After receiving sweat equity shares from their owners, the employees take up more responsibilities. They strive towards assisting the proprietors in achieving their organizational objectives. They focus all their efforts at enhancing the bottom-line profits of the businesses which hire them. To outsiders, they behave more like owners than staff members. This is a fact which entrepreneurs can afford to overlook.

Issuing sweat equity shares to important employees can work wonders for entrepreneurs. The above 2 important reasons to take this step proves this fact beyond any doubt. The owners just need to look at the Arnon Dror Video on the internet. With time, he comes to know it’s the right decision to take.

There may be a phase in your life where you are in the need of loans. There may be various reasons for getting loans. Maybe you are looking to buy a house, a car or want to invest in your new business are a few to mention. Generally, when having a water-tight budget the need for getting the loan from various financial firms arises.

Why take loans?

Everyone wants to give their family the best possible services that are within their reach. But nowadays there is nothing that cannot be brought. Your budget might not be that much but the various loaning firms are there for your help. Hence, taking a loan from the banks or financial firms have become quite common. You too might like to get your loan approved for the various things that you think is necessary for the upliftment of the family or for their betterment. Whatever be the case getting a loan seems to be an easy task.

Is it really easy to the right kind of loan?

Reaching out to the financial firms or the banks and getting the right type of loan that suits you are the two ends of the river. When you reach to any firm they try to entice you with the features of the loans that they are offering. They tell everything good about the loans and that may be for you falling in their trap. They hide the important details that might make you think twice before buying the loan. Those details are the one that helps the firms earn huge profits hence they better keep it hidden unless someone especially asks for the information.

The research involvedin buying the appropriate loan

You may like to go to various firms and asking about the loans so as to compare the features of the various loans offered by the different companies. Since you are not a financial person, you may find difficulty in differentiating one kind of loan from others. Each company you visit will tell you their best scheme. There is a high possibility that you will like each scheme told by the agents of the various companies making the task of choos ing the best option difficult. So to make your work easier there are online companies that do the research work on your behalf. You are not required to roam in the market and taking so much physical and mental toll just to compare the features of the loans.

Companies offering loan comparison services are always there for your help. For more information, you can log on to www.kreditus.eu and for seeking financial guidance too.

There are more than 180 banks and credit unions in Syracuse city, NY. It means that you have a lot of choices and you can find the best for you. It also means that you’ll have a really hard time finding the best one. It’s not easy looking for the right company to serve your needs. They all have something interesting to show, and they all have something not showing which is bad for you. See some of the negative aspects of credit unions on this link.

Of course, this is more related to the banks who like to make more profit on the back of their clients. The credit unions are fairer than the banks, but they too have their own pros and cons. See below what you need to be careful about and how to choose the right one for you!

Which one is closer to you?

Credit unions are intimate banks if we can say it like that. When you go to a credit union it’s like going to the neighbor’s asking for advice. On the other hand, they don’t have lots of different branches and ATM’s like big banks do. So, you need them to be close and be able to see them fast if there comes a time of need.

It’s easy to see which ones are closer. Just open the internet and find them on the map. You’ll see that you probably have one in your block or just a few blocks away.

See the online reviews

While you’re online looking for which one is closer, see their review from people working them too. Make sure the ones that are closer to you also have a good rating. With today’s way of life and technology, everything is just a click away from getting valuable information.

There’s not just one website dealing with this issue. There are social networks where they rate these businesses and unions where it is easy to see how people just like you experienced working with some of them. If you find one down the street, but you see that most people are not satisfied with the services offered, simply find the next best one.

Who offers better interest rates?

Credit unions usually have better rates than banks, but even they differ from each other. If you get a loan on 20 years, just a small difference in the percentage can be a huge problem. At the end of those 20 years, you’ll see that you’ll lose thousands of dollars.

Of course, no one have only bad sides, there must be good things too, but when you’re getting a loan this is one of the most important factors for choosing one loan over another.

Who offers overall better options?

The interest rates are not the only thing that’s important. There’s much more than just this. Starting from the relation with the people working in the office, to the options such as getting back of the loan in terms that you find most suitable.

Every credit union has its own pros and cons and you need to find what is best for you. Ask for those small hidden letters in the back of the agreement, or what’s behind the curtain of the amazing agreement. Unlike banks, unions are fairer, and you can expect better treatment.

Why not choosing a bank?

You always see at least one bank commercial on the Super Bowl. And what does everyone sayabout commercials? They exist for products that have no real value. Well, this might not be true in reality, but it’s true that banks will only try to profit out of you. The bank’s only goal is to make more money and giving the loan is just a way of getting more money from you at the end.See this great article about why banks are bad for you: https://economix.blogs.nytimes.com/2010/03/04/why-exactly-are-big-banks-bad/

Credit unions are more membership oriented and tend to have their members satisfied. That’s why they are giving loans with much lower interest rates. Choosing a bank has its own positive sides that’s for sure, but if you look at the big picture, you’ll understand that it’s much smarter if you don’t work with banks.

If you’re a life insurance policyholder who wants to know more about the process of selling the policy, then you’re at the right place. This article provides details on how to sell your life insurance policy for cash and other details which you might need to know as well.

The process of selling an existing life insurance policy for an amount which is more than the cash surrender value of the policy to a third-party institution/investor is known as a life settlement. Before selling the life insurance policy, policyholders must check their eligibility. The factors that must be considered for eligibility are-

• Policy Type- This defines the kind of policy that the holder possesses such as Universal policy or Whole Term policy.
• Health conditions and age of the policyholder- Often, people who choose to sell their life insurance policies are older than 65 years or suffer from a serious medical ailment.
• Policy Size- A life insurance policy with a face value of $50,000 – $100,000 can be sold.

Policy owners can choose to sell their life insurance policies for several reasons. Some of them are-

• If the policy owner can no longer afford to pay the life insurance policy premiums, they can then choose to sell it for cash instead of letting the policy lapse. Policy lapse can cause severe losses if left unchecked.
• Policy owners who are over 65 years or who are suffering from chronic diseases may choose to sell their life insurance policy if they no longer need it.
• Policy owners can choose to sell their term policies that are closer to the expiration date.
• Policy owners who are in dire need of money to cover personal expenses like long-term care, medical bills or for surgeries can sell their life insurance policy.
• Policy owners without any dependants who rely on their income can sell their life insurance policy.

Selling life insurance policies have several attractive pros such as-

• Policy owners can enjoy a relaxing retirement life as they get extra money from a life settlement.
• Life settlements give a lump sum cash payment almost instantly to its sellers.
• Policy owners can free themselves from the responsibility of paying expensive policy premiums.
• Covering medical bills, costs of expensive surgeries and long-term health care is easier with life settlement because of all the extra cash.

Life settlements are just one of several alternatives. Policy owners can consider these alternatives and decide the appropriate one according to their needs-

• They can choose to borrow money from their cash-value life insurance policy. This option is widely chosen by owners who are older than 65 years. This option is free of any tax, and also, the life insurance policy remains intact.
• Terminally ill patients can access the death benefit of their life insurance policy earlier than the specified date. This option results in a reduction of the total death benefit by the amount borrowed.
• Withdrawing funds from the life insurance policy is another viable option which can be chosen by the policy owners. The cap on the withdrawal amount usually depends on the type of insurance policy purchased and the company which sold the life insurance policy.

Let us now take a look at the process of selling a life insurance policy.

The selling value of a life insurance policy has to be determined by appraising it. The cash value of a policy is affected by several factors such as the face value of the insurance policy which is widely known as the death benefit, the life expectancy of the insured, and the total cost of all the future policy premiums to be paid.

Institutions that buy life insurance policies from their holders scrutinize all these factors carefully and deduce an estimate of the cash value that can be paid to the owner while achieving a significant return/profit from purchasing the policy.

Policy owners must comprehend all the rules involved in the process of selling their life insurance policy on their own or with the help of a financial advisor. They must enquire several policy buyers, compare the offers received and choose the best one. Also, they can consult a financial expert to know about the tax liability that they may be subjected to in the process of a life settlement. I hope this article gave an answer to the question- “how to sell your life insurance policy for cash?” and helped you understand the entire process better. Thanks for reading!

In life, there are times when we face less than pleasant situations. In such times, we are often left with a very limited number of alternatives, especially when it comes to arranging the financial resources needed to face the emergency efficiently. Some of the emergency situations that one may come face-to-face with may include:

• MedicalEmergency

Being unprepared in the face of a medical crisis can prove to be extremely daunting both emotionally, as well as financially.

• Urgent Travel

Whether it is for the purpose of business, or in order to meet a family member who is on the death bed, travelling without planning can often prove to be far more expensive than usual.

• Wedding Expenses

Most weddings are planned within 3-6 months from the date of engagement, leaving no room for the arrangement of the requisite finances, especially if you are inclined to have a dream wedding.

• Legal Proceedings

Legalities in the business, or even in general life can pop up at the most unexpected times. Whether you ought to pay the lawyer’s fee, the bail amount, or the settlement fee, you may need some external financial help to pull it off.

• Small Business

Kick-starting a business in today’s dynamic world is no easy feat. Whether it is to add a product or service to your portfolio, market your brand, or simply manage the day-to-day operations, at some point or the other you may need additional financial resources to stay on track.

Thankfully though, you can now easily get a Personal Loan, readily offered by Banks, NBFCs and Mobile Based Lending Platforms. Not only are these loans disbursed swiftly, but also offer a much-needed flexibility throughout the process.

Instant Personal Loans for Emergency

As the name indicates, an Instant Personal Loan is a short term, unsecured credit which can be availed to fulfil one or more financial obligations.

Here are some quick facts that you must know before you applying for a Personal Loan for emergencies:

• These loans ensure fast access to the requisite sum of money. In most cases, the loan amount is disbursed in as little as 24 hours.
• The process for application of instant Personal Loans is largely online, barring the KYC verification.
• Unlike regular loans, these loans enjoy a significantly high approval rate.
• The loan amount is disbursed through electronic money transfer, thus making the process swift and hassle-free.
• Instant Personal Loans do not require you to pledge any collateral in lieu of the loan amount.
• The repayment options are rather flexible, with tenures ranging from as little as 2 months to 36 months.
• Personal Loan Interest Rates can vary from 11% to 26%, depending on the lender’s policy and your credit history.

Getting Personal Loans in Emergency Situations

• In order to apply for a Personal Loan from any of the leading personal finance platforms across India, you must be prepared with the following documents –

Address Proof –This can be in the form of a valid Driving License, a valid Passport or an Aadhaar Card.

ID Proof – Here again, your Driving License, Passport, or Aadhaar Card can prove to be of use. Alternatively, you can also offer your Voter’s ID or PAN Card.

In addition to these documents, you must keep your PAN Card number handy. Besides, you may need to give the name of the organisation that you work for, your income details and your official email address.

• Now that you have the documents as well as other needed information in place, you can log on to the app or website of your chosen Personal Loan provider and fill out the application. Another convenient method to apply is visiting the financial services aggregator website online. Here you can compare various deals and enjoy a flexibility to choose the best plan according to your credit profile.
• Whatever medium you use, after filling the application, the platform will then conduct a quick analysis of your profile, and give you the information regarding your pre-approved loan limit.
• If you are already a verified customer, you will be prompted to choose the loan amount, or a KYC verification will be arranged for you, after which you can opt for the required loan amount.
• You will then be offered with a few repayment options to choose from, based on your preferences.
• Next, the amount will be credited to your account.

For what it’s worth, it can be incredibly hard to find a solution as seamless, quick and reliable as an online personal loan to meet your financial needs in the times of difficulty. It is for this very reason that a vast number of people are becoming increasingly dependent on products such as PNB Personal Loan and other such loan providers.

If you are looking for ways to manage your books more efficiently, why not consider online accounting software. It is easy to use and affordable, offering a variety of benefits.

Accessibility

One of the best things about online accounting software is that you have access to your accounts, financial records and reports 24 hours a day, 7 days a week. If you have access to an internet connection and your personal login details, you can review your books whenever you need. There are several local accountants in Brentwood who can provide you with packages to help you deal with tasks such as:

• Annual bookkeeping
• Year-end accounts
• Corporation tax return
• Quarterly VAT returns
• Support & guidance

Paperless Storage

Many business owners worry about their computer systems crashing, resulting in a loss of important data. This won’t happen because everything is saved on a remote system. You no longer have to keep stacks of documents stored in filing cabinets in your office, all of your bookkeeping and other important documents are stored online.

You reduce your carbon footprint by eliminating the need for paper, this also helps your business save on storage costs and space.

User Friendly

Online accounting software is designed to be user friendly, you don’t need any special training to operate it, almost anyone can use it without any issues. Your accounting systems software provider will talk you through the set up, so you clearly understand it.

If you get a comprehensive accounting package, you’ll save your business time and money having access to a 24/7, paperless accounting system.

As an organization develops, the obligations of the finance manager extend with more redistributed capacities coming in-house and long-term strategic planning added to the roles of financial managers. Understanding the jobs and duties of a corporate finance manager will enable you to choose if this career is directly for you and how to get ready to get these kinds of money employments.

Making the Right Plans

In contrast to a bookkeeper or an accountant, in the opinion of Larry Polhill, a finance manager, known as a CFO; designs are entitled to plan for long term strategies for an organization, appointing accounting work to bring down dimension staff. The financial arrangement incorporates defining objectives for accomplishing explicit incomes, net revenues and gross benefits. It likewise requires setting focuses for overhead and creating cost dimensions and obligation administration. The financial managers need to make a financial budget to fix the organization’s asset report, debt claims and payable reports and income and benefit and-misfortune explanations. Also the financial managers are likewise to decide the best venture choices for a business’ overabundance money and audit approaches to obtain capital for extension or acquisitions.

Cost Containment

A key obligation of a financial manager is to control the organization’s costs. This requires more than basically setting spending levels and cutting expenses. Cost control incorporates making demands for proposition, offering procedures and buying approaches for temporary workers, merchants and providers to guarantee the organization gets the best mix of value and cost. The financial manager sets benchmarks that decide when it’s most financially savvy to perform exercises utilizing in-house staff and when it’s smarter to utilize contractual workers. Cost-regulation endeavors incorporate overseeing obligation to guarantee intrigue installments don’t crash organization benefits. Money related chiefs additionally make techniques that assistance decrease an organization’s expense obligation, for example, deteriorating resources.

Income Management

A standout amongst the most vital elements of a financial manager is to extend and deal with the organization’s income. Income alludes to the genuine receipt of cash and installment of bills, rather than the organization’s planned pay and costs. Accepting that on the grounds that a business has more salary than costs it can pay its bills can prompt debacle. For instance, if the organization does not arrange client credit terms and seller and provider installment terms accurately, the business may hold up deals solicitations long after bills have come due. Income of the executives incorporate checking receivables turnover and keeping enough credit and money saves accessible to stay with the monetarily steady.

Legitimate Compliance

According to Larry Polhill, the corporate financial manager guarantees the business meets the majority of its lawful commitments, for example, deals and pay charge installments; representative advantages commitments; state and government work wage necessities; and Securities and Exchange Commission revealing, if the organization is an open enterprise. At little and medium-sized organizations, the money related supervisor frequently works with assessment specialists and CPAs who manage the organization in regards to its lawful commitments.

After a lot of deliberation, one decides to avail Home Loan from a particular bank considering the rate of interest, repayment period, quantum eligibility, and pre-payment guidelines. However, after a while if you find the rate of interest and other advantages from other bank comparatively more attractive, the balance under the present loan can be transferred to another bank or financial institution.

Home Loan Balance Transfer will be considered only if a minimum of 12 EMIs for the existing Home Loan have been paid. It will also depend on the credit rating of the borrower. The lending institution may also stipulate minimum loan amount eligible for transfer.

A fresh Home Loan application with supporting documents like, address proof, photo identity proof, applicant’s photograph, income proof, bank statement, must be submitted to the new lending institution.

If you seek a lower rate of interest particularly, consider Home Loan Balance Transfer to Kotak Mahindra Bank.

Kotak Mahindra Bank is one of the leading private sectors banks in India.The bank offers a wide range of products and services to individuals and commercial enterprises.

The bank offers Home Loan Balance Transfer at competitive interest rate. Eligibility criteria stipulated by Kotak Mahindra is rather strict only to ensure that the facility is provided to the right person. They also ensure that the EMI stipulated does not overburden the borrower and he/she has enough funds left for subsistence.

Reasons To Opt For Kotak Mahindra Bank Home Loan Balance Transfer

• Competitive rate of interest and interest charged on reducing balance
• Simple documentation
• Door step service
• No pre-payment charges
• No hidden charges

The bank will transfer the balance outstanding to the existing bank in full and will take over the liability as per the terms finalised with the borrower.

Features of Home Loan Balance Transfer:

Eligibility:

• Salaried and self-employed professionals, Hindu Undivided Family
• Age: 18 to 60 years for salaried individuals and 18 to 65 years for self-employed professionals
• Nationality: Resident Indian
• Income: Minimum Rs.20,000/- p.a. for resident individual in Delhi, Mumbai, Bangalore, Pune and Chennai and Rs.15,000/- p.m. in other cities.
• Income for self-employed professionals and Hindu Undivided Family -Rs.2,40,000/-p.a. in Delhi, Mumbai, Bangalore, Pune and Chennai and Rs. 1,80,000/-p.a. in other cities.
• Karta of the HUF should either be applicant or co-applicant and should have been in existence for past 3 years.
• Partnership firm/LLP/Company should have been existence for past 3 years

Quantum:

• 90% of the value of the property

Repayment:

• 20 years or remaining tenure of the existing loan whichever is lower.

Interest:

• Set at the discretion of the bank and varies from time to time.

Factors that affect the eligibility criteria:

• Salary: Salary requirement as stipulated by the bank has to be met with. Sometimes the salary availability may be as per the bank’s requirement but the net take home salary after deduction of EMI for the proposed loan may not be sufficient. In such cases the application will be rejected.
• Credit Score: The first step taken by the bank is to draw credit score of the applicant. Credit score is based on how regularly earlier loans and credit card payments serviced. This data is available withcredit bureaus operating in the country. If credit score is less then there are all chances of the loan application being rejected by the bank.
• Credit report will indicate any discrepancies in credit history of the applicant. Any remarks like ‘settled’ or ‘written off’’ in the credit report indicates that the applicant has been defaulting in payment of loan and the lender on realizing that the payment will not come through has settled the account. In such cases the Bank will reject the loan application.
• Job duration: The applicant should have completed at-least 6 months to1 year service in the present job on the date of applying for the Home Loan Balance Transfer.
• Employer should be in the approved employers’ list of Kotak Mahindra bank. Otherwise it is presumed that the applicant does not have a secure job and so the repayment of loan is uncertain.
• The documents pertaining to the property should be free of any legal issues. For this, legal opinion of the Bank’s panel advocate will be obtained. If the legal opinion is good then the application will be processed further, else, it will be rejected.
• These days many of them opt for joint borrowing under home loan only to enhance the eligible quantum of loan. This can be an advantage and at the same time if the credit score of the co-applicant is not satisfactory, the application will be rejected.
• If the credit report shows a number of credit enquiries made, then the reliability of the applicant comes down. As per the bank if there are multiple credit enquiries it means that the applicant is constantly in search for loan options and the finance management is bad. In such cases the loan application will be rejected.
• If the applicant is already a guarantor for any other loan it will be an added financial burden if the original borrower does not repay the loan. Home loans are heavy investments and the EMI will also be high. If the applicant is already having financial commitment then chances of not being able to service the present loan are higher. Hence the loan application will be rejected.

Documentation Required

The documents to be submitted are as listed below:

• Fully filled application form
• Proof of address
• Photo identity proof
• IT returns/ Form 16 of previous two years for salaried individuals
• 6 months bank statement
• IT returns of previous three years for self- employed professionals
• Property tax paid receipt
• Proof of business address
• Copies of property documents with earlier agreements of sale
• 3 passport size photographs