The Importance Of A Sound Financial Planning And Wealth Management Program At The Bank

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In response to the current global economic environment, individuals are becoming more serious about personal financial planning and wealth management. Financial planning is all about generating greater Return on Assets (ROA), growing market share, and solving foreseeable problems for banks and their clients. Wealth management is a wide-ranging service designed to manage, protect and enhance the financial goals of an individual. Together, these services help individuals to protect their finances from changes in the economy and secure their financial futures. Every bank customer, regardless of his/her financial standing, can substantially benefit from having a sound financial plan and wealth management system in place.

For most individuals, planning their financial futures can be a daunting task. This is why it is vital for a banks wealth managers to have the appropriate knowledge and tools at their fingertips to help their customers feel comfortable with their financial decisions. It is no longer sufficient to simply have good wealth managers at the bank. Todays wealth managers need to be superior relationship managers who can put customers at ease and assist them with their unique financial journeys.

Many banks wonder how they can transform their wealth managers from good to superior. The answer is simple: training. A credible staff of well-trained wealth managers will retain existing customers and secure new customers while increasing profitability for these customers, as well as for the bank itself.

The Benefits of Financial Planning
Clients have an endless array of needs when it comes to financial planning. For the wealth manager, there is no common client since there are infinite reasons for clients to engage in financial planning.

Financial planning forces clients to identify their goals and priorities and make educated and well-informed decisions about their money. It also requires clients to look at where their money is going and begin to direct it in the appropriate direction, rather than wondering what happens to it each week. Being prepared financially can help ease the stress of unforeseen expenses and help clients plan for the future, which will lessen some of their financial woes. It does not matter how much money a client makes; everyone can find themselves in a financial struggle.

Financial planning helps to eliminate unnecessary spending and allows for better monitoring of cash flow. For most customers, a specific event or need, such as receiving an inheritance, losing a job or having a new baby, triggers the desire for professional financial planning guidance. However, clients should be advised not to wait until such a situation occurs; instead, they should seek financial planning services before an unexpected event or catastrophe affects their financial position. It is crucial that wealth managers receive proper training early on in order to understand how to fully assist clients in these situations. A comprehensive training program that includes hands-on exercises and real-life examples will provide wealth managers with all of the vital knowledge and skills they need to walk clients through each step of the financial planning process. With this education, wealth mangers will feel confident in their abilities to assist clients in creating an overall financial plan.

By creating an overall financial plan, clients will be able to focus on and control the many financial components that can benefit them and their families long-term, such as:

Savings and investment plans.
College and retirement planning.
Tax management.
Estate and insurance planning.

The Foundation of Financial Planning
The foundation of financial planning is budget creation. Though many individuals are familiar with the term, most do not understand the basics of budgeting. Simply put, a budget is a financial document used to project future income and expenses. There are several steps to establishing a budget:

1.Clients must understand that the first step to creating a budget is to determine how much income is taken in from their primary jobs.
2.Next, fixed expenses must be identified and accounted for. This includes having the client list all predictable expenses, such as rent or mortgage payments.
3.The final step in budget creation is determining variable expenses, which generally change in amount and cannot be completely predicted.

A wealth manager is responsible for not only identifying a clients budget, but establishing special precautions, such as for variable expenses, which are a major building block of financial planning that are often overlooked. With other more noteworthy expenses, clients usually neglect to think about the expenses they acquire on a typical day. Wealth managers must inform their clients that these expenses are an extremely vital component of wealth management and financial planning. They are ultimately subtracted from a clients income to calculate his/her net income. Wealth managers are responsible for documenting their clients spending in order to determine any monetary leaks, construct an accurate budget, and help clients to reach their long-and short-term financial goals.

A training program that addresses these important aspects of wealth management will ensure that all wealth managers are well versed in budget creation and expenses. In turn, this will lead to increased levels of client confidence, secure in their belief that their finances are being adequately planned for by the bank, now and far into the future.
Why People Fail to Plan
People fail to plan financially for a number of reasons. They often feel that they do not have sufficient assets or income to warrant planning or that their affairs are already in good order. However, both of these assumptions are usually wrong. Regardless of the amount of income or assets that a client has, s/he should be advised to start a financial plan as soon as possible. It is essential that wealth managers are fully capable of providing sound guidance for each clients individual concerns and financial needs.

Sometimes it takes a lot of effort for a client to walk into the bank and seek financial planning assistance. The client may feel very reluctant to discuss his/her financial background with a stranger and wary of sharing such personal details. If a client is not immediately reassured by a friendly and caring wealth manager, s/he may dismiss the idea of financial planning entirely. This is where training on how to handle all types of customers and their emotions plays a huge role. Clients can easily pick up on wealth managers who are simply reaching out to them in order to make a profit rather than actually caring enough to assist them in planning their finances for the future. Properly trained wealth managers will be able to better serve the needs of all clients and remain in tune with each persons individual needs and requirements.

Who Needs Wealth Management?
Almost everyone is in need of wealth management. Individuals have numerous personal and financial goals they strive to achieve for themselves, their families and their futures. Even though individuals have varying degrees of unique financial planning needs, financial planning and wealth management are beneficial for everyone, from the common person to the High Net-Worth Individual (HNWI), who makes more than $1 million per year.

Wealth mangers must be trained on how to best advise both HNWIs and their standard customers to ensure that they are making the best decisions for their current and future lifestyles. HNWIs require all-encompassing financial planning with a controlled base for managing their cash. These individuals are usually more willing to seek the help of a wealth manager and can more easily detect a wealth manager who has not been appropriately trained in his/her duties.

All people, regardless of income, status or class, want to know that their money is in safe hands and want to feel completely assured that the wealth manager assisting them is the very best. It is very obvious to customers when a wealth manager is uneasy in his/her position, which can be red flag for these individuals to seek other options for financial planning services providers. To avoid losing customers to competing banks, wealth managers must receive continuous training that will enhance their confidence in their position, which will translate well to confident clients who continue to patronize the bank.

Understanding Client Goals
Successful management of wealth depends on an in-depth understanding of clients goals. The overt characteristics of those goals will establish the correct strategies, return requirements and risk levels that the client should follow. Understanding client goals is the most important step of the wealth managers relationship with his/her clients, as it will establish the entire customer-bank relationship.

The financial planning process involves the translation of personal objectives into specific plans and finally into financial arrangements to execute those plans. A well-organized cash management system must be developed that is able to project net cash flows for at least the next two or three years. This will identify the amount of excess cash flows or deficits, as well as their timing and their causes. By looking forward, wealth managers can help clients plan for the use of funds in years with a cash flow excess while also minimizing the cost of raising cash in any deficit years. Meeting lifetime goals is a constant process, and goals will inescapably change as time goes on. Therefore, it is vital for wealth managers to be continuously kept up-to-date on the latest industry trends and practices in wealth management.

Characteristics of an Ideal Wealth Manager
Wealth managers must always remember that they are giving clients more than investment and financial planning options; they are providing them with peace of mind and soundness now and into the future. The ideal wealth manager possesses the following characteristics:

A positive and energetic attitude.
Great communication skills.
Problem-solving and analytical skills.
The ability to be persuasive, reassuring and discrete.
An ethical approach.

Each of these characteristics must be present for a wealth manager to be considered excellent rather than just good. A consistent training program will enable wealth mangers and financial planners to further develop these skills and acquire additional ones that will increase their ability to help clients, which in return will boost the banks profits and reputation.

Training
There are two things that banks should always remember when it comes to training: training is never finished and they can never over-train. Banks often make the mistake of believing that their wealth managers have already been trained adequately or that their wealth managers do not require much training because they are already great employees. However, to keep motivation high, customers happy, and maintain the success of the bank, new training and tune-up training sessions must be instituted. Even the most successful wealth managers can greatly benefit from a refresher training program that introduces them to new industry knowledge, best practices and financial planning trends.

Training is the only surefire way to transform your good wealth managers into superior, knowledgeable, responsible, ethical and energetic wealth managers just the type of individuals that clients are looking to do business with! Bank profits will soar as existing clients become increasingly satisfied with the service they are receiving from the banks wealth managers, and when they begin to recommend the bank to their family and friends as a result.

Final Word
With todays unsteady job market and financial turmoil being felt throughout the world, now is the time for banks to evaluate their current wealth management and financial planning systems in order to entice existing customers, draw in new customers and ultimately increase overall bank profits. More and more individuals from all financial backgrounds are seeking out institutions with sound and established wealth management systems in place in order to properly plan for the future and manage their current assets and income. Therefore, training is not just beneficial to the bank, it is necessary to achieving continuous success and upholding the banks reputation as a sound financial institution with educated and supportive wealth mangers who can help clients plan today, save for the future and be assured that their money is working for them.

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The Divine Technology To Eliminate Your Financial Troubles

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While the human society is at the crossroads, besieged with financial, health and relationship problems, Dr.Pillai (Baba), has revealed to humanity the ancient Vedic secret Mantra, Thiru Neela Kantam, to eliminate all the ill effects of bad karma and make life fulfilling and complete.

Our Money Karma or financial Karma determines our financial state. Sometimes some of us have a bad Money Karma and suffer financially due its ill effects. The same is the case with health or relationships or any other aspect of our life.

Our Karma decides what we go through. But suffering does not remove our bad Karma. Dr.Pillai, has revealed a divine technology in which the chanting of the Mantra, Thiru Neela Kantam eliminates bad Karma and makes us lead happy lives.

Dr.Pillai has discussed in detail about the importance of sound for learning and the elevation of the human mind and its thought processes. Dr.Pillai has identified the ancient Vedic Mantra of Thiru Neela Kantam as the right Mantra with the right quantum sound frequency to alleviate people of their bad Karma.

Dr.Pillai has advocated that Thiru Neela Kantam, (pronounced, TEE-ru NEE-la KAN-tum), should be chanted during Pradosham time. Pradosham is the time which marks the end of day light and the beginning of night every day. Monthly Pradoshams fall on the 13th day of the waxing / waning of the Moon. Pradoshams offer the best opportunity to eliminate Karma. One has to visualize blue light while chanting this Mantra. The effect will be stunning if it is chanted 108 times. The powerful vibrations created by the quantum sounds of the Mantra reverberate through our minds to make it attain higher levels. Our bad Karma will be busted and all our aspirations will be fulfilled.

When most of the world is going through a financial crisis, a lot of us have prayers for money. We need not suppress our monetary requirements. We can use this amazing divine technology, unveiled by Dr.Pillai, use the Vedic Mantra, Thiru Neela Kantam and lead a wealthy, healthy and happy life.

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eINDIA 2013 – ICTs in Financial Inclusion

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eINDIA 2013 – ICTs in Financial Inclusion

tv.eletsonline.com

Our upcoming event::

FIPS(Financial Inclusion and Payment System)on 24-25 October Please visit :: fips.eletsonline.com

About Us

Elets – A platform for disseminating creative ideas on ICT

Elets Technomedia is a technology media and research company that focuses on ICT in government, education, healthcare, agriculture and rural development sectors. Our mandate is to provide effective information on latest development in different ICT tools, techniques and their applications across our verticals through premier print publications, online portals and premier events, seminars, conferences and summits. Elets has created a name for itself as a technology media and research vendor of choice.

Strategies

To strengthen and facilitate knowledge sharing platforms engaging with partners across the globe through International conferences to provide cross-cultural grounding to stakeholders and participants To provide stakeholders with a platform to share models of best practice, knowledge and experience on a range of issues in the domain of ICT in Governance, Education, Health, security, Urban and Rural Development To mobilise the communities towards creating a digitally informed knowledge society based on shared understanding

Elets Focus Areas

Elets provides an unmatched versatility for working with multiple partners and consultants to mutually share knowledge. With a vision to provide effective information on latest development in different ICT tools, techniques and their applications across various verticals with focused reference to governance, education and health, we

a) bring niche monthly publications;

b) provide knowledge exchange fora and

c) conduct research projects, primarily through Events & Conferences.

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Introduction to Oil Company Financial Analysis

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Bharatbook.com is proud to announce the new report -Introduction to Oil Company Financial Analysis- (http://www.bharatbook.com/detail.asp?id=210).

There has always been a bit of magic in the stock market, especially when it comes to oil companies. When the oil industry and the stock market get together, the affair is usually dynamic and not always pleasant. Basic principles are widely understood in the financial industry, but the terminology and analytical techniques can vary greatly. This book is written for the nonfinancial shareholders, managers, and oil company employees interested in the forces that influence stock values. The bottom line in any company is expressed in the language of finance. This book explains financial concepts in a nontechnical, practical way so that nonfinancial professionals and others may understand and appreciate this aspect of the business.

The value information found in this book includes:

Abbreviations and expanded definitions of key terms

Energy conversion factors

Reporting systems & statements

Stock tables explained

1. Introduction: Oil Prices; Diminishing Supplies and Increasing Demand; Mega Mergers; The Stock Market

2. Fundamentals of Valuation: Market Value; Fair Market Value; Technical Analysis; Dow Theory; Fundamental Analysis; The first step-Economic conditions; The second step-Industry analysis; The third step-Company analysis; Asset- vs. Income-Based Techniques; Asset-based valuation concepts; Control premium; Income-based valuation concepts; Efficient Market Hypothesis; Random Walk Theory ; Catch-22; Niels Bohr-Early EMH proponent; Stock Quotations; Accounting Value vs. Economic Value; Future and Present Value Theory; Future value; Present value; Annuities; Perpetuity; Present value tables; Internal Rate of Return; Cost of Capital; Cost of debt; Cost of preferred stock; Cost of equity; Capital asset pricing model; Summary

3. Accounting Systems for Oil and Gas: Generally Accepted Accounting Principles; Accounting concepts; Governance, transparency, and disclosure; Reserve Recognition Accounting FC and SE Accounting; SE accounting; FC accounting; Ceiling Test Limitation; Book value, SEC value, and FMV of reserves; Depreciation, depletion, and amortization; Cost Depletion and Percentage Depletion; Summary and Key Concepts

4. Financial Statement Analysis: Annual Report; The Income Statement; The Balance Sheet; The Statement of Cash Flows ; Form 10-K; Form 10-K Oil & Gas Reserves; Financial Analysis; CVX financial statements; Quick look; Ratio Analysis; Analytical perspectives; Ratios; Liquidity ratios; Profitability ratios; Activity ratios; Dividends; Valuation ratios; Energy ratios; Ratio Roulette; CVX; CVX Highlights 2001; Summary and Key Concepts; How much is too much debt?

5. Valuation of Common Stock: Guidelines for Estimating Value; IRS guidelines; SEC guidelines; Book Value; Book value multiple; Debt-adjusted book value multiple; Adjusted book value; O&G Properties; Long-term Investment in Stock; Off-Balance-Sheet Activities Involving the Cost & Equity Methods of Accounting; Consolidation and minority interests; Off-balance-sheet assets and liabilities; Long-term leases; Synthetic leases; Litigation; Environmental Liabilities; Exxon Valdez spill in the Prince William Sound, 1989; DR&R-Abandonment; Off-Balance-Sheet Commitments Drilling Commitments; Summary; Discounted cash flow analysis Adjustments; Net income; DD&A; Deferred taxes; Extraordinary items; Other adjustments; Exploration expenses; Research and development; Interest expense; Free cash flow; Operating income multiple; Comparable sales; Replacement value; Combined appraisal techniques

6. Competitive Comparisons: Individual Investment; Institutional Investment; Employment; Benchmarking M&A Potential; Identification of Peer Group; Line of business; Size; Market or location; Other considerations; Identification of Comparison Criteria; Study the sector; Sources of information; Identify the industry or sector concerns; Integrated O&G industries; E Drilling; Refining and marketing; Utilities

7. Segment Valuation: Proved Reserves; Acreage; Transportation; Pipelines; Tankers; Refineries; Industry Structure; Financial Analysis and Evaluation of Refineries; Nelson Complexity Index; Refinery value dollars per barrel per stream day; Valuation of Chevron and Texaco refinery segments; Marketing Outlets; Gas stations; C-stores; Truck stops and travel plazas; Hypermarkets; Marketing Trends

8. Value of Reserves-in-the-Ground: Value of an Oil Discovery; Value of Producing Oil Reserves ; Value of a Gas Discovery

9. Corporate Restructuring: The Language of Corporate Restructuring; History; Merger waves; M&A driving forces; Spin-off MLP; LBO; Share Repurchase; Targeted Stock; Restructuring; Fair Price Requirement

10. Legal and Tax Environment for Mergers: Laws and Regulatory Agencies; Sherman Antitrust Act of 1890; Clayton Antitrust Act of 1914; State antitrust -Blue Sky Laws- and M&A legislation; FTC Act of 1914; Securities and Act of 1933 Securities & Exchange Act of 1934; The Celler-Kefauver Antimerger Act of 1950; Uniform Securities Act of 1956–Blue Sky Laws-; National Securities Markets Improvement Act of 1996; The Williams Act; Hart-Scott-Rodino Act of 1976 Tax Environment; Accounting methods; Pooling of interests; Purchase method; The Transaction Structure; Tax-free transaction; Types of corporate reorganization; MLP; SOX; Conflict of interests; GAAP

11. Valuation of Bonds and Preferred Stock: Bonds; Bond yields; Bond ratings; Preferred Stock; Cumulative preferred stock; Convertible preferred; Tax considerations

Appendix 1 Abbreviations; Appendix 2 World Energy Statistics; Appendix 3 Production Statistics for Key Energy States 1989, 1999; Appendix 4 State Severance and Ad Valorem Taxes 2001; Appendix 5 Crude Oil & Gas Prices; Appendix 6 Energy Conversion Factors; Appendix 7 Present Value of One-time Payment; Appendix 8 Present Value of an Annuity; Appendix 9 Natural Gas Products; Appendix 10 Information Sources; Appendix 11 Reporting Systems & Statements; Appendix 12 Enron Appendix 13 Stock Tables Explained; Appendix 14 Charts & Technical Analysis; Appendix 15 Energy Sector P/E Ratios; Appendix 16 The Reinvestment Assumption; Appendix 17 Value of Information in the Public Domain; Appendix 18 Expanded Definitions of Key Terms; Appendix 19 M&A Jargon; Glossary For more information, kindly visit: http://www.bharatbook.com/detail.asp?id=210

Posted in: Finance

How To Overcome Financial Problems In Marriage And Get Your Confidence Back

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With the divorce rate hovering around (and over) 50% its important to understand the predominant reasons couple split so that you can do your

best to be successful in those areas. Relationship exerts assert that financial problems in marriage are one factor that puts a strain on marriages

and has the potential to ruin the marriage. This is why it is essential to learn how to overcome financial problems in marriage and get your confidence back.

Create a financial plan- Experts assert that only 23% of married couples have a financial plan, so that leaves a good percentage with no plan,

which can lead to financial stress and problems. This being said, your first step to avoiding and/or overcoming financial problems in marriage is

to sit down and come up with a financial plan. If youre having financial issues, discuss the reasons why and come up with some solutions, as

sometimes it helps to see things on paper.

Budgeting is a must-Create a workable budget that both of you will adhere to. List all of your income and expenses and create a budget that

works for you. Cut out all unnecessary spending, take on more work if possible, and get that debt taken care of. As you both do your part and

work side by side in tackling your issues, youre more likely to get your confidence back and see success.

Discuss the root of the matter-You dont just wake up one day with a host of financial problems. Most financial distress happens incrementally as

people spend more than they actually make. The credit card debt grows over time and before you know it you can be so much in debt you feel

trapped with no escape. Discuss why youre in the spot youre in and do what it takes to reverse it. If you purchase things to feel happy, find

other ways to get happy that dont involve spending money. If you are trying very hard to keep up with the Joneses, make a decision to stop. Stay

within your budget no matter what and youll begin to notice less financial problems in marriage and more confidence.

Get financial help-If you really feel trapped, go see a financial counselor who can help you create a financial relief plan. They are professionals for

a reason and can help you get your financial picture under control. They are also someone to be accountable to, which helps some people to

change their spending habits.

No matter what financial problems youre having in your marriage, you can begin to take steps to resolve them and get your confidence back.

Remember that it wont happen over night and thats all right. Little by little you can get out of debt and begin building your savings. It will require
self-control and discipline, but you can do it!

Posted in: Finance

Innovative Financial Advisors Pvt. Ltd. – 70 Years – Famine to Food

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Bengal Famine to Right Food – An insightful journey towards food security

Famines were quite frequent in the colonial rule because of the indifference of the British India government towards the plight of the starving people of undivided Bengal. This year marks the 70th anniversary of the great crisis that hit the golden land of Bengal. The estimated deaths were 1.5 to 3 million children, women and men during 1942-43. It is estimated deaths due to starvation in the colonial rule was 30 to 40 million especially in Tamil Nadu, Bihar and Bengal. The Bengal famine of 1943 struck the Bengal province of pre-partition British India during World War II following the Japanese occupation of Burma. It has been argued that the Japanese invasion of Burma was the main cause of the Bengal Famine of 1943, since it cut off all food supplies from the region. A constellation of factors led to this mega-tragedy, such as the Japanese occupation of Burma, the damage to the aman (kharif) rice crop both due to tidal waves and a disease epidemic caused by the fungus Helminthosporium oryzae, panic purchase and hoarding by the rich, failure of governance, particularly in relation to the equitable distribution of the available food grains and disruption of communication due to World War II.

Estimates are that between 1.5 and 4 million people died of starvation, malnutrition and disease, out of Bengal’s 60.3 million population, half of them dying from disease after food became available in December 1943. As in previous Bengal famines, the highest mortality was not in previously very poor groups, but among artisans and small traders whose income vanished when people spent all they had on food and did not employ cobblers, carpenters, etc.

At that time people who were studying in colleges were discussing various ways to develop the nation and combat the current situation. Seventy years now the country misses the spark in the youth who may come up with protests but lack the intellect to provide a solution which makes our great nation food secure. Even our politicians who believe the Right to Food as a game changer in the 2014 General Elections wants to rush into this. No doubt this is a good initiative by the current UPA government but it also adds up to the rising fiscal deficit which the reforms from Prime Minister’s Office can’t decrease. 70 years on we are still not food sufficient still people are dying because of extreme hunger and poverty estimating up to 2 lakh per year. It seems the great economists of the country are on a long holiday or may be their ideas are out of stock.

What’s more shocking is that being an agrarian economy with majority of the population engaged in agricultural activities still no youngster is willing to become a farmer. The country has dramatically failed to understand the importance of farming. There is no remuneration and the richest people in the country are not the people who provide you with food to survive. The biggest corporations in the country are not an agro-based company. Every day we keep hearing farmers committing suicides. In this scenario the government wants the Right to Food bill to pass without realizing or providing any protection to the farmers. If anyone wants to become a farmer the society, parents look down to the idea, they play a prime role in discouraging their wish. But they are not wrong when they do that they do it because the remuneration of a Investment Banker or Doctor or Engineer is way higher than that of a farmer who after working hard to provide food (energy) to these Engineers or Doctors or Investment Bankers to work or survive lives in less than $1.25 a day. The youth of the nation doesn’t ask the government of India why is the situation so gruesome at ground level.

The Right to Food bill may provide food to 75% of the rural population and 50% of the urban population but it doesn’t do anything to improve the status of the farmers. There are many reasons to debate this bill but the government of the country is always interested in providing freebies before every election in the country. 70 years on the situation remains critical because policy makers have not done enough to eradicate poverty out of the lives of the people who are responsible for making this country food secure.

For more information visit: Innovative Financial Advisors Pvt. Ltd.

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Has Personal Financial Planning Changed After The Global Financial Crisis

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After the Global Financial Crisis(GFC), a lot of people questioned their personal financial planning strategies. People often do this after a market downturn or correction, let alone after the biggest we have had in about 70 years. Anyone who has lived through other major downturns will know it will take a few years to recover investment losses. It is natural for people to wonder if their personal financial planning strategy is still the right way to go.

Is your strategy sound?

If a financial planner, as part of a comprehensive financial plan, recommended your investment strategy, then your strategy should be sound. The recommendations would have been made after he or she completed a fact find about your situation. This would have taken into account your investment time horizon and you investor profile. Your investor profile is determined by a series of questions to find out your tolerance to investment risk. In this case, investment risk refers to the exposure to short-term market fluctuations. The recommended investment portfolio would have reflected your risk tolerance by limiting your exposure to growth assets – shares and property – whose values do fluctuate with market movements.

How Long Should You Stick with an investment strategy?

You should stay with the original strategy for the length of the plan. If you have a ten-year plan then you stay with that. There is no doubt, staying with an investment strategy for the medium to long-term works best. The other alternative is to try to pick the market. This means, moving into a safe investment when the market drops and then moving back into the market when it goes up. The problem is most people cannot get the timing right – they are usually too late to get out before the market dropped or to get in before the market went up. Even the professionals have trouble picking the market. How many picked the global financial crisis?

Tough out the Tough times

The hardest part is to have faith in your original financial planning strategy when the market is moving against you. It is well to remember that is the nature of financial markets. Both the share market and the property markets have around 5 – 7 year cycles. Over the long-term, both these sectors make money. That is why your strategy would have been designed for a particular time frame, so that your portfolio could ride out those downturns. Generally, the only people who lose during market downturns are the ones who panic, sell the investments at a loss and put the money into a safe place. They are unlikely ever to get their money back. If you and your adviser worked together to form an investment strategy or if you did it yourself after doing your research, you should give the growth assets in your portfolio time to grow by staying with the origianl personal planning strategy.

Posted in: Finance

m-249 Ibm Cognos Financial Performance Management Sales Mastery Test V1- Guidelines

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Upon realization the IBM Cognos academic content, you are qualified to take the IBM Cognos Financial Performance Management Sales Mastery Test vl to become an IBM Cognos Economical Performance Control Expert v1.

You are permitted two efforts to complete a sales mastery test. After 2 unsuccessful efforts, you must delay three months before taking check again.

Your sales training should not end here. IBM motivates you to expand the sales abilities by participating additional workshops, teleconferences, self-paced research, etc. Relate back to the Details Control benefits and sources site on IBM PartnerWorld.

Passing this test satisfies the Qualified Revenue Resources requirements for becoming a member of IBM Software ValueNet for Cognos as either a Value-Added Supplier or Remedy Company. It also number towards your PartnerWorld sales expertise requirements for Leading and Innovative regular membership levels.

Exam Objectives

Area 1 – Company Statistics (11%)

a.Learn how to position Company Analytics

Area 2 – Economical Performance Control providing (41%)

a.Learn the basic principles of the IBM Cognos FPM offering
b.Get advised on the key Business Preparing sales texting & positioning
c.Understand the key TM1 sales texting & positioning
d.Understand how to create powerful plans and costs that are possessed by the office of finance and offer real-time reviews to everyone engaged in the process

e.See how enterprise planning alternatives operated by IBM Cognos TM1 can eliminate the limitations to effective planning and interact with your entire company in collaborative decision-making
f.Connect business customers to the right financial information to drive more intelligent choices for better business outcomes

Area 3 – Successfully probability for Economical Performance Control sales (48%)

a.Learn about the Company Statistics message
b.Articulate the value of the FPM offering
c.Understand how to effectively probability for sales

This IBM Cognos Economical Performance Control Revenue Expertise Analyze v1 evaluation is an exercise test; this is the selection of the real concerns and also alternatives through this examination test. Where the opponent’s items offer a conventional 00M-249 teaching test to arrange you for what may appear in the real evaluation along with offer you a shock by this real test in regards to the evaluation concerns plus alternatives, information along with assures to arrange you for this evaluation.

The real examinations with endless availability in examinations aren’t just the less expensive treatment for complete without making use of the mind places, yet with just the much minimal sum of money you get access for anyone of the assessments from each qualifications source.
Early in the period, the 00M-249 examinations released its specific storage space family designed toward the SMB market.

Additionally, this released its particular Data Sector and the reduplication storage space programs for this period, in what this known as most essential hard drive based back-up enhancements in company record as well as new items, program upgrades, incorporation projects and also performance profits. You could find exercise documents that assist a candidate to get assurance along with frequent exercise. Fantastic programs also make sure the content is on the consistent base up to date and even is currently.

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Plan Your Financial Future With A Sip Calculator

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Investing can be very confusing for someone who has zero understanding of the financial world and those who doesnt understand market fluctuations. There number of shares which area available in the market and selecting the ones which will earn profits, can be a little bit of a challenge.

This is why, a number of new investors view mutual funds as a better option. Here the funds of a number of investors are pooled together and invested keeping a financial goal in mind. A fund manager is in charge of deciding where the money should be invested. Hence, the investors do not have to worry too much about the same.

They can take comfort in the fact that a trained professional is looking after their finances and investing their funds in the right vehicles. But this requires capital, in order to make the initial investment. For people who do not have funds easily available, it would be best to choose a wealth creating medium.

With this in mind, the SIP is a good option. This translates to a Systematic Investment Plan. Here a certain amount of money is invested in mutual funds on periodic bases. The amount to be invested can be as low as five hundred Rupees.

When the agreement is set up, the investment amount, the frequency and the tenure of the plan is decided. Accordingly, the investor will have to deposit the decided sum of money with the asset management company, according to the clauses of the agreement.

This will then be invested into mutual funds. Maximum purchases are made when the value of the funds are low, in order to ensure maximum growth. In order to get an idea of how the fund will grow, it would be best to use the SIP calculators available of company websites.

There are a number of schemes available it is important to go through them all and to select one which meets the financial goal and will help in achieving it in as soon as possible. Once this is settled the different types SIP calculators can be used to determine how much you stand to earn.

The information to be entered includes the type of scheme, the amount to be paid in instalments, the frequency of the payments and the tenure of the scheme. Thus, returns will be calculated accordingly. The best part of this scheme is the fact that earnings are compounded and this goes a long way in the building up of capital.

This is a great way to start investing as it does not involve a large investment but rather regular affordable investments which can grow and prosper over time.

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Financial Advisors The Key to Wise Investment Management

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It is a good idea to engage the services of a financial advisor to manage your investments wisely. With the number of investment planning tools available and the complexities of taxation and other regulations, its best to hire an expert to manage your hard earned money and ensure that your future is well taken care of.

How a Financial Planner Can Advise You

A financial planner will first understand your financial situation how much money you earn, what your expenditure requirements are and what you can or should save or invest. Based on this he will suggest appropriate investment planning and offer you suitable options, based on the available investment tools in the financial market. His recommendations will be based on the stage you are at in your professional life, whether you are married or not, have children or not, and accordingly suggest investments that are more or less high yielding or more or less risky. His recommendations will also take into account tax planning. His long term financial planning recommendations will take into account your retirement planning needs and will include methods to meet your long term financial goals and requirements.

How to Choose a Financial Advisor

Financial consultants can be of various types. Some are experts only in certain areas, such as certain types of investments while others specialize in certain types of clients, such as high value clients, estate planning, etc. Before you choose an advisor, you must determine what you want out of the relationship. Do you require someone to take an overall look at your financial status? Are you capable of handling your own finances and just require someone to help you with investment management? Once youve determined what your needs are, you can narrow down your search. The best option would be to go with someone who comes recommended by a trustworthy party.

Financial Advisor Fees

There are several ways to compensate a financial advisor. While some work on a commission basis, others use a combination of a fixed fee and a commission on what your earn. Highly reputed financial consultants may even be in a position to charge on an hourly basis for their advice, while certain individuals request a retainer that can be paid either quarterly or annually for the services provided by them. Depending on what services your advisor is giving you can work out a deal that suits both of you.

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