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  2. LEADING AFRICAN DATING HOOK-UP AGENCY IN THE WHOLE OF AFRICAN AND PARTS OF EURO, FOR RICH SUGAR/MUMMY/DADDY/LESBIAN/GAY/SERVICES. ANYONE INTERESTED SHOULD CONTACT DATABASE ADMIN IN NIGERIAN FOR HOOK UP WITHIN 48 HOURS AND MAKE COOL CASH(+23408145236851) Are you good in bed?? Do you really need a rich hot sexy sugar mummy or sugar daddy that can change your life completely with money and influence, or do seek a lesbian/gay partner? So get the opportunity to get a hookup with persons from all works of life, politician, bankers, oil ladies, executives, directors, gold ladies, cash money ladies, ITA GIWA group of friends, doctors, Dubai ladies, London based ladies, get the best exclusive VIP arrangement anywhere in GHANA/NIGERIAN/LONDON/ there are some hookup partners available for interested individuals kindly contact this number for further information. For interested person only please……. contact database admin : +23408145236851 we are fully legalized,registered and recognized by CORPORATE AFFAIRS COMMISSION(C.A.C),read more about us on our official magazines, maximum security is guarantee from any of our clients because we have done ALL NECESSARY BACKGROUND CHECKUP ON ALL THE LADIES AND MEN WE HAVE ON OUR DATABASES........ whatssap….+23408145236851 fb id…..balogun sodiq james agent james balogun BEST REGARDS……..
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  5. If you haven’t heard, universities around the world are offering their courses online for free (or at least partially free). These courses are collectively called MOOCs or Massive Open Online Courses. 200 universities, including Harvard, Stanford and the University of British Columbia have announced 600 such free online courses. The list has been categorized according to the following subjects: Computer Science, Mathematics, Programming, Data Science, Humanities, Social Sciences, Education & Teaching, Health & Medicine, Business, Personal Development, Engineering, Art & Design, and finally Science. Many of these are completely self-paced, so you can start taking them at your convenience. Some of the courses includes Business Start–Up: From Idea to Launch from IOC Athlete MOOC Grant Writing and Crowdfunding for Public Libraries from University of Michigan Risk and Return and the Weighted Average Cost of Capital from Columbia University Federal Taxation I: Individuals, Employees, and Sole Proprietors from University of Illinois at Urbana-Champaign E-Commerce from Peking University Microeconomic Principles: Decision-making Under Scarcity from Arizona State University Trade, Immigration and Exchange Rates in a Globalized World from IE Business School Long-term Financial Management from University System of Maryland Corporate Social Responsibility (CSR): A Strategic Approach from University of Pennsylvania Personnel Management for Public Libraries from University of Michigan Accounting for Decision Making from University of Michigan Valuing Companies from University of Michigan Budgeting and Finance for Public Libraries from University of Michigan Strategic Business Management – Microeconomics from University of California, Irvine Strategic Business Management – Macroeconomics from University of California, Irvine Introduction to Business for Analytics from Georgia Institute of Technology The Free Cash Flow Method for Firm Valuation from Columbia University Introduction to Corporate Finance from Columbia University Formal Financial Accounting from University of Illinois at Urbana-Champaign Entrepreneurship I: Principles and Concepts from University of Illinois at Urbana-Champaign Global Impact: Cultural Psychology from University of Illinois at Urbana-Champaign Marketing in an Analog World from University of Illinois at Urbana-Champaign Modern Empowerment in the Workplace from The Open University Managing Public Money from The Open University Introduction to Accounting from The University of British Columbia Organizational Behaviour from The University of British Columbia Business Foundations from The University of British Columbia Marketing Analytics from University of Virginia Entrepreneurship for Global Challenges in Emerging Markets from Delft University of Technology From Brand to Image: Creating High Impact Campaigns That Tell Brand Stories from IE Business School Entrepreneurship Strategy: From Ideation to Exit from HEC Paris Financial Management in Organizations from University System of Maryland Financial Accounting for Corporations from University System of Maryland Financial Decision Making from University System of Maryland First Steps in Making the Business Case for Sustainability from University of Colorado System Sustainable Business: Big Issues, Big Changes from University of Colorado System Six Sigma Principles from University System of Georgia Six Sigma Tools for Improve and Control from University System of Georgia Asset Pricing from University of Chicago Booth School of Business Budgeting essentials and development from Fundação Instituto de Administração Business Communications from The University of British Columbia Critical Thinking & Problem-Solving from Rochester Institute of Technology Excel Skills for Business: Essentials from Macquarie University Excel Skills for Business: Intermediate I from Macquarie University So here is the link. https://qz.com/1120344/200-universities-just-launched-600-free-online-courses-heres-the-full-list/amp/?__twitter_impression=true Happy learning.
  6. 4. "The Richest Man in Babylon" (2004) by George Clayson The Richest Man in Babylon is a collection of parables about money. These are the type of fairy tales one could imagine Warren Buffet would tell small children about his road to wealth. The book may be overly simplistic for the taste of those already well acquainted with the principles of personal finance. For the majority of readers, however, the parables provide a new perspective on financial decisions, and will help instil good financial habits as purely common sense. 5 "Think and Grow Rich" (1937) by Napoleon Hill Think and Grow Rich was written during the Great Depression. Hill conducted extensive research based on his associations with wealthy individuals during his lifetime and published 13 principles for success and personal achievement from his observations and research. These include desire, faith, specialized knowledge, organized planning, persistence and the "sixth sense." Hill also believed in brainstorming with like-minded people, whose efforts can create synergistic energy. This book conveys valuable insights into the psychology of success and abundance. 6 "The Essays of Warren Buffett: Lessons for Corporate America" (2001) by Warren Buffett and Lawrence Cunningham In his essays, Warren Buffett—widely considered to be modern history's most successful investor—provides his views on a variety of topics important to corporate America and shareholders. Buffett's essays include discussions on corporate governance, finance, investing, alternatives to common stock, mergers and acquisitions, accounting and valuation, accounting policy, and tax matters. Although Buffett seldom comments on his current holdings, he loves to discuss the principles behind his investments. The book is the definitive work summarizing the techniques of the world's greatest investor. 7. "Dangote's 10 Commandments on Money" (2011) by Peter Anosike A motivational book designed to build the entrepreneurial spirit in the youths, Dangote's 10 Commandments on Money is a fitting tribute to one of the most remarkable businessmen of this generation. The book analyses the strategies which Dangote has used to achieve what some other persons might have considered unimaginable. It is a motivational book that seeks to build the entrepreneurial spirit in youths and a fitting tribute to one of the most successful businessmen of this generation. Through the strategies and principles described as “ten commandments”, you will learn how to make, manage and multiply money from one of the world’s richest. The amazing thing is that Dangote built his business empire from the scratch, starting out as a small scale trader to eventually build an emergent global conglomerate, becoming, in the process, one of the world's richest men. Just how was he able to do this? That is the interesting question which Peter Asike tries to answer in this book. If you’re thinking wealth creation or shopping for an ideal gift for a younger one you care about, this could make a great gift.
  7. 6. Falling in Love with a Company Too often, when we see a company we've invested in do well, we easily fall in love with it and forget that we bought the stock as an investment. Always remember: you bought this stock to make money, so, if any of the fundamentals that prompted you to buy into the company changes, consider selling the stock. No sentiments! 7. Lack of Patience How many times has the power of slow and steady progress become imminently clear? Slow and steady usually comes out on top - be it at the gym, in school or in your career. Why, then, do we expect it to be different with investing? Many people like to refer to themselves as longer-term investors. But when it comes down to it, most investors want to see results in the first 12 to 24 months of owning a particular stock. Fact is, a slow, steady and disciplined approach will go a lot farther over the long haul. This means you need to keep your expectations realistic in regard to the length, time and growth that each stock will encounter. 8. Market Timing Successfully timing of the market is extremely difficult to do. Even institutional investors often fail to do it successfully. A well-known study, "Determinants Of Portfolio Performance" (Financial Analysts Journal, 1986), conducted by Gary P. Brinson, L. Randolph Hood and Gilbert Beerbower covered American pension-fund returns. This study showed that, on average, nearly 94% of the variation of returns over time was explained by the investment policy decision. In layman's terms, this indicates that, normally, most of a portfolio's return can be explained by the asset allocation decisions you make, not by timing or even security selection. So, timing should not really be a reason not to invest as long as the decision follows diligent research and investigation. 9. Waiting to Recover Loss Waiting to recover losses may just be another way to ensure you lose more or any profit you might have made because you are waiting to sell a losing stock until it gets back to its original cost basis. Dream on! Behavioural finance calls this a "cognitive error." By failing to realize a loss, investors are actually losing in two ways: first, they avoid selling a loser, which may continue to slide until it's worthless. Also, there's the opportunity cost of what may be a better use for those investment. 10. Lack of Institutional Knowledge/Research The relative lack of knowledge about future earnings potential, opportunities for growth, competitive forces, etc. can adversely impact investment results. In fact, a lack of knowledge is another major reason why many individual investors tend to underperform in their investment decisions. This is compounded by the fact that analysts can sit and wait for new information, while the average investor has to work and attend to other matters. This creates a lag time for individual investors, which can prevent them from getting in or out of investments at the best possible moment.
  8. Retirement happens whether you want it or not. Even as a business owner, you will not be able to run your business effectively at some point in your life time because nature will naturally rob you of your youthful zest, zeal and vigour. You may try to remain involved in your business but, except you want to use your hands to tear down what you have built, you need to peacefully and graciously retire to tea drinking and vacationing. Worse if you are an employee, at 65, or after at most, 35 years in service, you would get a letter and the content would be something like ‘thank you for your service, you deserve some accolades…’ summary, go home and rest! Unfortunately, many suffer heart attacks when such letter is received. Why not, nothing to fall back on, strength falling, probability of getting another job almost zero, how will the sundry bills be paid? medicals nko? And so on. Easy way out – heart attack. How sad. But this doesn’t have to be your tale. Imagine receiving the letter with pomp and pageantry and the next morning off to Zanzibar beach resort with madam (or oga) on a 10-day pleasure trip. Bills? No wahala, all sorted. Medicals? Insurance in place.. and this is not a fairy tale. It’s all about planning. But I’m too young, I just started work, I haven’t even clocked 5 years on the job… whatever your stage in life - relative youth (aggressive growth); middle age (moderately aggressive); retirement in the next 10 years (income and moderately conservative), retirement is only few years away! So let’s debunk some myths Myth 1. I’m too young to save for retirement. Actually, the younger the better. Starting early makes retirement better because you have a significant opportunity to become truly wealthy thanks to the power of compound interest. Someone who invests N25,000 by age 25, with a 12% rate of return, will have more than N2 million by age 65—even if he or she doesn’t add another dollar after age 25. If that same person waits until age 30, he or she will have to contribute more than three times as much to achieve the same outcome. So start while you’re young. Myth 2. I’m too old to save for retirement. Yes, you may be starting late, but not preparing at all is worse. While it’s true that you’re better off starting at age 25 than 50, it is also true you’ll be better off starting at age 50 than, say, 70. Then again, 70 is a better start than 90, isn’t it? The past is the past. We must stop peering at the rear-view and instead look ahead toward the horizon. As long as you’re still breathing, it’s never too late to start. It’s never too early, either. So no matter what stage you are, START. Myth 3. I don’t make enough money to save for retirement. Actually, there is no reason you shouldn’t retire a millionaire. Virtually everyone, even N18,000 minimum-wage earners, have the opportunity to be a millionaire when they retire. It sounds too good to be true, but the math proves otherwise: a 25-year-old who sets aside only N100 per week will retire with more than a million naira if the money is invested properly with just 12% rate of return. If you are above 25, well, set aside more than N100 weekly. You may try N1,000 or N10,000 depending on your age so you can catch up.
  9. onomewrites

    INVESTOR SHARES

    What are 'Investor Shares' Investor shares are mutual fund shares structured for investment by individual investors. Investor shares are most commonly offered in open-end mutual funds. BREAKING DOWN 'Investor Shares' Investor shares are one share class available for investment by individual investors in open-end mutual funds. Management investment companies structure open-end mutual funds with multiple share classes and fee levels. Investor shares may also be managed individually in a focused investment fund. Share Classes Any share class available for investment by individual investors can be considered an investor share. Open-end mutual funds can offer a wide range of share classes to different types of investors. Share classes can include A- shares, B-shares, C-shares, R-shares for retirement investing, Z-shares, for employee investment, institutional shares for institutional investors and more. Since open-end mutual funds are pooled investment structures, all of the share class investments in the fund are pooled and managed by the portfolio managers. However, management companies structure each share class offering to have its own fees and sales loads. Fees and Commissions Investor share classes often have the highest expense ratios. They are also typically structured with sales loads also known as commission charges that are paid to intermediary brokers for trades. Management companies partner with intermediaries and distributors to sell investor share classes. These partnerships are usually what cause fees and sales loads to be higher for investor shares in comparison to other share classes in the fund. Investor share classes transacted with full-service brokers will usually have front-end or back - end sales loads. The sales loads for all share classes are detailed in the fund’s prospectus. Each sales load is expressed as a percentage of the investment. Sales loads are charged to the investor and are not part of the fund’s expenses. Investor share class expenses also usually include a 12b-1 fee. This fee is paid from the fund to its distribution network. The 12b-1 fee provides compensation to intermediaries and distributors supporting the overall distribution of the fund. Distribution partnerships are most common in investor share classes. Typically, other shares of the fund such as institutional shares, retirement shares and Z-shares do not involve sales loads. Minimum Investments The minimum investment is also another factor that distinguishes investor shares from institutional shares and other shares in the fund. Minimum investments can vary broadly for funds across different platforms. What is a 'Class of Shares' A class of shares is a type of listed company stock that is differentiated by the level of voting rights shareholders receive. For example, a listed company might have two share classes, or classes of stock, designated as Class A and Class B. Owners of companies that have been privately owned and go public often create class A and B share structures with different voting rights in order to maintain control and/or to make the company a more difficult target for a takeover. BREAKING DOWN 'Class of Shares' Class of shares can also refer to the different share classes that exist for load mutual fund. There are three share classes (Class A, Class B and Class C) which carry different sales charges, 12b-1 fees and operating expense structures. Whether referring to different share classes of a company's stock or the multiple share classes offered by advisor-sold mutual funds, both cases refer to different rights and costs owned by holders of each share class. Mutual Fund Share Classes Advisor-sold mutual funds can have different shares classes with each class owning a unique sales charge and fee structure. Class-A mutual fund shares charge a front-end load, have lower 12b-1 fees and a below-average level of operating expenses. Class-B mutual fund shares charge a back-end load and have higher 12b-1 and operating expenses. Class-C mutual fund shares are considered level-load - there's no front-end load but a low back-end load applies, as do 12b-1 fees and relatively higher operating expenses. The back-end load, known as a contingent deferred sales charge (CDSC) may be reduced or eliminated depending on how long shares have been held. Class-B shares typically have a CDSC that disappears in as little as one year from the date of purchase. Class-C shares often start with a higher CDSC that only fully goes away after a period of 5-10 years. Preferred Class of Shares Investors sometimes opt for an investment in preferred shares, which function as a cross between common stock and fixed income investments. Like common shares, preferred stock has no maturity date, represents ownership in the company and is carried as equity on the company's balance sheet. In comparison to a bond, preferred stock offers a fixed distribution rate, no voting rights and a par value. Preferred shares also rank above common shares in a company's capital structure. Therefore, companies must pay dividends on preferred shares before they pay dividends for classes of common shares. In the event of liquidation or bankruptcy, preferred shareholders will also receive their payment before holders of common stock.
  10. onomewrites

    RETAIL FUND

    RETAIL FUND What is a 'Retail Fund' A retail fund is an investment fund with capital invested by individual investors. Mutual Funds and exchange traded funds (ETFs) are common types of retail funds. BREAKING DOWN 'Retail Fund' Retail funds target the investing interests of individual investors. Closed-end mutual funds and exchange-traded funds are the two most common types of retail funds. These funds do not have share classes and are traded on the open market. Open end mutual funds collectively manage investments from both retail and institutional investors through various share classes. The majority of share classes in an open-end mutual fund are targeted for individual retail investors. Open-end mutual funds do not trade on exchanges with trades managed by the mutual fund company. Retail funds do not have specific investor requirements. In that way they differ from other fund offerings in the market that mandate certain investor requirements. Hedge funds and private market investments for example, may require that an investor be accredited with a specified net worth. Retail Fund Objectives Retail assets account for a significant portion of the market’s total investments. Investment companies offer a wide range of retail fund objectives across all types of asset classes for retail investors. To help investors better understand and analyze retail fund investments, Morningstar developed style boxes for both equity and fixed income funds. Style box analysis can help investors analyze and invest in retail funds with varying levels of risk and potential return. Retail investors can use style box analysis to develop a diversified portfolio of retail funds across multiple investing categories through a brokerage account. Retail Fund Investing Individual investors have a wide range of retail funds to choose from. While retail funds are open to all individual investors, they do have certain transaction costs and minimum investments that must be considered. Individual investors can invest in retail funds through various channels. Mutual funds are traded with the fund company or through an intermediary. Closed-end funds and ETFs can be traded in the open market through an intermediary. Investing through intermediaries requires careful due diligence. Investors will incur sales charges when transacting with full service brokers. Sales charges are determined by the fund company and outlined in a fund’s prospectus. They can range up to 6% of an investor’s investment per transaction. Discount Brokers are often a more cost-efficient way to trade mutual funds. Discount brokers often charge a transaction fee with each block trade. Fund companies work with all types of brokers to determine minimum investment levels required by an investor for investment.
  11. onomewrites

    INVESTMENT FUND

    INVESTMENT FUND An investment fund is a supply of capital belonging to numerous investors used to collectively purchase securities while each investor retains ownership and control of his own shares. An investment fund provides a broader selection of investment opportunities, greater management expertise and lower investment fees than investors might be able to obtain on their own. Types of investment funds include mutual funds, exchange-traded funds, money market funds and hedge funds. BREAKING DOWN 'Investment Fund' With investment funds, individual investors do not make decisions about how a fund's assets should be invested. They simply choose a fund based on its goals, risk, fees and other factors. A fund manager oversees the fund and decides which securities it should hold, in what quantities and when the securities should be bought and sold. An investment fund can be broad-based, or it can be tightly focused, such as an ETF that invests only in small technology stocks. Open-end vs. Closed-end The majority of investment fund assets belong to open-end mutual fund. These funds issue new shares as investors add money to the pool and retire shares as investors redeem. These funds are typically priced just once at the end of the trading day. Closed-end funds trade more similarly to stocks than open-end funds. Closed-end funds are managed investment funds that issue a fixed number of shares, and trade on an exchange. While a net asset value (NAV) for the fund is calculated, the fund trades based on investor supply and demand. Therefore, a closed-end fund may trade at a premium or a discount to its NAV. Investment Funds: Hedge Funds A hedge fund is another type of fund that pairs stocks it wants to shorts (bet will decrease) with stocks it expects to go up in order to decrease the potential for loss. Hedge funds also tend to invest in riskier assets in addition to stocks, bonds, ETFs, commodities and alternative assets. These include derivatives such as futures and options that may also be purchased with leverage or borrowed money.
  12. onomewrites

    CASH VALUE LIFE INSURANCE

    What is 'Cash-Value Life Insurance' Cash-value life insurance is a type of life insurance policy that pays out upon the policyholder's death, and also accumulates value during the policyholder's lifetime. The policyholder can use the cash value as a tax-sheltered investment (the interest and earnings on the policy are not taxable), as a fund from which to borrow and as a means to pay policy premiums later in life, or they can pass it on to their heirs. Cash-value life insurance is a type of life insurance policy that pays out upon the policyholder's death, and also accumulates value during the policyholder's lifetime. The policyholder can use the cash value as a tax-sheltered investment (the interest and earnings on the policy are not taxable), as a fund from which to borrow and as a means to pay policy premiums later in life, or they can pass it on to their heirs BREAKING DOWN 'Cash-Value Life Insurance' Whole life, variable life and universal life are all types of cash-value life insurance. Cash-value insurance is also known as permanent life insurance because it provides coverage for the policyholder's entire life. The other major category of life insurance is called term insurance, because it is generally in force only for a period of 10 to 30 years or until the policyholder cancels it. Cash-value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value. How Cash-Value Life Insurance Works Cash-value life insurance is designed as a permanent form of life insurance that includes a death benefit component and a savings component. Most cash-value life insurance policies require a fixed level premium payment, a portion of which is applied to insurance costs with the balance deposited into a cash-value account. The cash-value account earns a modest rate of interest which is allowed to accumulate tax-free. Over time, the cash-value account grows, which reduces the mortality risk of the life insurer. That is because, upon the death of the insured, the insurer is only obligated to pay the death benefit, not the cash value, which it retains. The decreasing mortality risk is also the reason why the insurer is able to guarantee a fixed, level premium for the life of the insured. Cash-Value as a Living Benefit Owners of a cash-value life insurance policy can benefit from savings that accumulate in the cash-value account. Cash-value savings can be accessed in a number of ways. With some types of policies, the cash value can be withdrawn. Withdrawals are tax-free to the extent they don’t exceed the total amount of premiums deposited into the policy. However, withdrawals can have the effect of decreasing the death benefit amount. Most cash-value policies allow for loans to be taken from the cash-value. Loans will also decrease the death benefit amount. Although there is no requirement for the loans to be repaid, the death benefit is reduced by the loan amount. Loans do accrue interest, which can reduce both the cash-value balance and the death benefit further. Cash-value can also be used to pay the policy premiums. If there is sufficient cash-value, a policyholder can stop paying for premiums out-of-pocket for the life of the policy.
  13. So you want to be an Entrepreneur or you have been told to become one… good, but, do you have what it takes? Being one is not a mean feat. While some like it for the title – I am an Entrepreneur! – Others have been counselled to resign from their jobs and become Entrepreneurs because they look it. True, many have become rich and successful being entrepreneurs but many others have also lost out because they didn’t ask themselves - Do I have what it takes to be an entrepreneur? Here are 10 characteristics that set successful entrepreneurs apart: 1. Passion Although there are many traits that make an entrepreneur successful, perhaps the most important would be passion. Is there something you can work on over and over again without getting bored? Is there something that keeps you awake at night because you haven't finished it yet? Is there something you have built and want to continue to improve upon? Is there something you enjoy so much you want to continue doing it for the rest of your life? 2. Adaptable and Flexible Being passionate is important, but being rigid about client or market needs will lead to failure. An entrepreneurial venture is not simply about doing what you believe is good, but also making a successful business out of it. Successful entrepreneurs welcome all suggestions for optimization or customization that may enhance their offering and satisfy client and market needs. You have to be adaptable and flexible 3. Risk Taker Entrepreneurs are risk takers, ready to dive deep into a future of uncertainty. Successful entrepreneurs are willing to risk their time and money on unknowns, but they also keep resources, plans and bandwidth for dealing with "unknown unknowns" in reserve. When evaluating risk, a successful entrepreneur will ask herself, "Is this risk worth the cost of my career, time and money?" And, "What will I do if this venture doesn't pay off?" 4. Product and Market Knowledge Entrepreneurs know their product inside and out. They also know the market. Most become successful because they create something that didn't already exist or they significantly improve an existing product after experiencing frustration with the way it worked. They are aware of changing market needs, competitor moves and other external factors. 5. Strong Money Management It takes time for any entrepreneurial venture to become profitable. Until then, capital is limited and needs to be utilized wisely. Successful entrepreneurs are strong money managers. A successful businessperson keeps a complete handle on cash flow which is the most important aspect of any business. 6. Exit Preparedness Not every business attempt will result in success. The failure rate of entrepreneurial ventures is very high. Sometimes, the best solution is to call it quits and try something new instead of continuing to dump money into a failing business. Many famous entrepreneurs weren't successful the first time around, but they knew when to cut their losses. 7. Leverage On The Right Connections Many people are happy to complain about the global slowdown, poor demand, or unfair competition and seek comfort in commiseration from friends, colleagues and neighbours. Sadly, that won't improve the bottom line. Successful entrepreneurs leverage on relationships and reach out to mentors with more experience and extensive networks to seek valuable advice. If they don't have the necessary technical or marketing skills, they find someone who does and delegate these tasks so they can focus on growing the business.
  14. Mutual funds are a good way for investors to build wealth but they aren’t completely risk free. With a mutual fund you get exposure to different industries without having to become an individual stock picker. But when it comes to mutual funds, not all of them end up being profitable. Choose the wrong one and you may face investment areas that erode your investment returns. With that mind, here are some mistakes to avoid when choosing a mutual fund for an investment. 1. Paying Too Much in Fees When it comes to mutual funds, investors are going to pay different fees depending on the fund they go with. Investors who don’t pay attention to fees could see their returns diminished as a result, even with a mutual fund. Some mutual funds pay brokers a commission for selling their product to investors. That commission, known as a front-end load can be up to 5% of invested assets and is usually charged upfront. A back-end load mutual fund is a fee you pay when you sell the fund. The longer you hold on to it the smaller the fee. A no-load fund has no commission associated with buying or selling the fund, and is often a good choice for mutual fund investors who want to minimize the fees they have to pay. 2. Chasing Past Performance For most people mutual funds could be a good way to build wealth but often investors will chase past performance in hopes of seeing the same returns. Far too often, investors will choose their mutual funds based on past performance without giving much thought to what the fund invests in and whether or not the exposure matches their risk tolerance and time horizon for investing. Sadly, past performance doesn’t mean future performance, and the fact that a fund did well one year or even over five years doesn’t mean it will continue to do so. While past performance can help narrow the playing field it shouldn’t be the only reason to choose a particular mutual fund. 3. Not Paying Attention to the Tax Implications Many investors will use take funds from their already taxed salaries and invest in mutual funds outside of non-retirement accounts, which could create a tax event if they are not careful. These tax events occur because if an investor chooses an actively managed mutual fund that has a high turnover rate, the investor could be on the hook for any gains. Typically, the mutual funds with higher turnover rates are going to generate more tax events of which investors have to be aware. Unfortunately, most mutual fund marketers would not tell you about this! 4. Holding the same investment via different mutual funds Many people think they can choose a mutual fund, invest in it and then forget about it without giving too much thought to the underlying investments in the fund. If you own only one mutual fund this may be acceptable, but if you have your investments spread out over different funds to get diversification then you are going to have to do some homework. You don’t want to hold the same investments in multiple mutual funds. The whole idea is to be diversified in different asset classes and industries, and if your mutual funds all hold the same stocks and/or bonds, then you aren’t diversified. A possible outcome is that if the market goes down, you are going to be positioned for a bigger blow without having your investments spread out.
  15. Investing and getting returns from one’s investments could be fun until one makes a very dear mistake which could spoil all the fun. Investing comes with its own problems but it is also not as difficult as we think. While there are a number of ‘ground’ rules for investing, here are 10 simple nuggets that would help in avoiding common investing problems especially if you are not employing the services of a mutual fund manager or advisor. 1. Investing in Something You Don't Understand It’s baffling how one would throw funds into a project without knowing how it works. Even one of the world's most successful investors, Warren Buffett, cautions against it. It is quite unhealthy to invest in businesses you don't understand. In fact, you should not be buying stock in companies if you don't understand the business models of the company and how it achieves its aim. It is highly advisable to make sure you thoroughly understand the company or companies before you invest - If you do, invest in individual stocks or better still, mutual funds can come handy. Even at that, seek to understand where your money is going and why. After all, it is your money! 2. Failing to Diversify Please, do not put all your eggs in one basket. How? Stick to the principal of diversification - spread their risk over a number of companies so that if one particular company, sector, industry or even country (depending on your financial weight) hits a rough patch, other investment holdings may pick up the slack. In your investments, kindly remember to allocate funds to all major spaces and allocate to all major sectors. If you do, you may have saved yourself from a total loss which may or may not occur but you never can tell. The best widely known investors own shares in lots of different public companies. 3. Letting Your Emotions Rule the Process Perhaps the major killer of investment return – in our part of the world, is emotions. It comes in two ways A – Investing based on relationship – in local parlance, ‘na my brother’. In this part of the world, it’s usually a taboo to say ‘no’ to a dear friend, or family. This emotion beclouds sound judgement and one ignores the red flags only to regret later. B – Investing based on Fear and greed. Do not let fear or greed overtake you. Just focus on the bigger picture and the hard facts. Be sure you are not driven by fear of losing out or losing all. Also, be sure it’s not greed because large returns would often burst after a while. Pull out when it’s time to rather than staying put fostered on by greed. 4. Copy-cat investing While some investors are trailblazers and do their own research, many attempt to mimic the portfolios of such well-known stock market successes with the hope of being able to cash in on their world-class returns. ERROR! Copying another portfolio, particularly an institutional investor's portfolio, can actually be quite dangerous. Why? You can’t wield much influence in the industry like the big gun. You most likely don’t have as much money as he does. Do you have inside information or the information he has? Do you even know his purpose in making such move or how long he intends to keep his funds there? My dear, do your own ‘homework’. (Read Real Money; 2005, by Jim Cramer). 5. Too Much Investment Turnover Turnover, or jumping in and out of portfolios is another return killer. Allow your seed some gestation period in order to have real benefits. You may be missing out on the long-term gains of good investments if you keep coming and going. Don’t be an investment ‘Abiku’. To be continued…
  16. onomewrites

    Types of Life Insurance

    Types of Life Insurance Life insurance protection comes in many forms, and not all policies are created equal, as you will soon discover. While the death benefit amounts may be the same, the costs, structure, durations, etc. vary tremendously across the types of policies. Whole Life whole life insurance provides guaranteed insurance protection for the entire life of the insured, otherwise known as permanent coverage. These policies carry a "cash value" component that grows tax deferred at a contractually guaranteed amount (usually a low interest rate) until the contract is surrendered. The premiums are usually level for the life of the insured and the death benefit is guaranteed for the insured's lifetime. Any withdrawal you make will typically be tax free up to the amount of premiums you have paid into the policy minus any prior dividends paid or previous withdrawals. Because of their permanent protection, these policies tend to have a much higher initial premium than other types of life insurance. Universal Life Insurance Universal Life Insurance resembles whole life in that it is also a permanent policy providing cash value benefits based on current interest rates. However, the premiums, cash values and level amount of protection can each be adjusted up or down during the contract term as the insured's needs change. Cash values earn an interest rate that is set periodically by the insurance company and is generally guaranteed not to drop below a certain level. Variable Universal Life Variable Universal Life Insurance gives the consumer the flexibility of a universal policy along with a selection of investment choices. The mutual fund sub accounts in these policies are technically classified as securities and are therefore subject to Securities and Exchange Commission (SEC) regulation and the oversight of the state insurance commissioner. The investment risk in these policies lies with the policy owner; as a result, the death benefit value may rise or fall depending on the success of the policy's underlying investments. However, policies may provide some type of guarantee that at least a minimum death benefit will be paid to beneficiaries. Term Life One of the most commonly used policies is term life insurance. It pays the face amount of the policy, but only provides protection for a definite, but limited, amount of time. Term policies do not build cash values and the maximum term period is usually 30 years. They are useful when there is a limited time needed for protection and when the dollars available for coverage are limited. The premiums for these types of policies are significantly lower than for any type of cash value policy. They also (initially) provide more insurance protection per dollar spent than any type of permanent policy. However, the cost of premiums increases as the policy owner gets older and as the end of the specified term nears. Term polices can have some variations, including, but not limited to: Annual Renewable and Convertible Term: This policy provides protection for one year but allows the insured to renew the policy for successive periods thereafter, but at higher premiums without having to furnish evidence of insurability. These policies may also be converted into whole life policies without any additional underwriting. Level Term: This policy has an initial guaranteed premium level for specified periods; the longer the guarantee, the greater the cost to the buyer (but usually still far more affordable than permanent policies). These policies may be renewed after the guarantee period, but the premiums do increase as the insured gets older. Decreasing Term: This policy has a level premium, but the amount of the death benefit decreases with time. This is often used in conjunction with mortgage or other debt protection. Many term life insurance policies have major features that provide additional flexibility for the insured/policyholder. A renewability feature, perhaps the most important feature associated with term policies, guarantees that the insured can renew the policy for a limited number of years (i.e., a term between five and 30 years) based on attained age. Convertibility provisions permit the policy owner to exchange a term contract for permanent coverage within a specific time frame without providing additional evidence of insurability. Of course, these provisions will raise the policy premiums accordingly. The Bottom Line Many insurance consumers only need to replace their income until they've reached retirement age, have accumulated a fair amount of wealth, or their dependents are old enough to take care of themselves. When evaluating life insurance policies for you and your family, you must carefully consider the purchase of temporary versus permanent coverage. There are many differences in how policies may be structured and how death benefits are determined, as well as how they are priced and their duration. Many consumers opt to buy term insurance as a temporary risk protection and then invest the savings (the difference between the cost of term and what they would have paid for permanent coverage) in a brokerage account mutual fund or retirement plan. In some cases, this is a good idea, but it is not necessarily always the best option, especially for those who must rely on at least a certain amount of coverage when they die.
  17. When it comes to learning about investment, there are several classics on investing that make for great reading. The internet is surely one of the fastest, most up-to-date ways to make your way through the jungle of information out there, but if you're looking for a historical perspective on investing or a more detailed analysis of a certain topic, books will always come to your aid. You can read books with sound financial advice, but if you lack the mind-set to truly build wealth, it will be difficult to achieve financial success. These books are mind-changers! Here we give you a brief overview of these books to set you on the path to investing enlightenment. 1 Rich Dad, Poor Dad (2000) by Robert Kiyosaki This book has been around for a while now, but it’s quite possibly one of the best overviews on wealth building. It deals less with specific moneymaking strategies and more with the mind-set that is necessary to achieve great wealth. Rather than focus on concrete steps for what people can do to fix their financial life, the book presents an alternative mind-set about money. According to Kiyosaki, the rich teach their children a fundamentally different view of the financial world. Kiyosaki's view is that the poor and middle class work for money, but the rich work to learn. He stresses the importance of financial literacy, and presents financial independence as the ultimate goal in order to avoid the rat race of corporate America. The book is built on his early life experience as a child of a well-educated, high income, but perpetually broke father, in comparison to the father of his best friend, who was poorly educated, but a multimillionaire. Kiyosaki's message is simple, but it holds an important financial lesson that may motivate you to start investing: the poor make money by working for it, while the rich make money by having their assets work for them. Kiyosaki advocates investments that produce periodic cash flow for the investor while providing upside in terms of equity value. Real estate investments and stocks that provide dividends are viewed favourably. Real assets add cash flow to your wallet. For example, the book points out that working hard and even earning a high income are not enough to ensure financial success. Rather, the book emphasizes that the rich work smart and spend more intelligently. 2. The Intelligent Investor (1949) by Benjamin Graham The Intelligent Investor is the grandfather of investment strategy books. This book has been hailed by Warren Buffett as the best investing book ever written. Author Benjamin Graham is regarded as the father of the value investing. Graham delves into the history of the stock market, and informs the reader on conducting fundamental analysis on a stock through developing long-term investment strategies and avoiding significant errors. He discusses various ways of managing your portfolio including both a positive and defensive approach. He then compares the stocks of several companies to illustrate his points. The book stresses the importance of fundamental analysis and truly understanding your investments. By learning to analyse potential investments in depth, investors can learn how to spot under-priced stocks backed by robust companies which is determined through fundamental analysis. The central tenet of the book is that a scientific approach should be used when directing your investments. Reading this book, you will learn to keep your emotions out of your investments, and develop a sceptical stance towards anything resembling the type of hype that so often gets the average investor into trouble. The Intelligent Investor won't tell you how to pick stocks, but it does teach sound, time-tested principles that every investor can use. 3. Real Money (2005) by Jim Cramer Popular TV financial analyst Jim Cramer's "Real Money" has continued to sell well since its 2005 debut. The book provides a basic play-by-play analysis of the basic techniques that Cramer advocates for buying stocks. This is not the book for those who want set-it-and-forget-it investments. Cramer does NOT advocate "buy and hold" but rather "buy and homework" meaning that investors spend at least one hour per week analysing each position held. While this ‘homework’ can quickly become a large time commitment, Cramer recommends that investors remain diversified. This may not be the right book for every investor, but if you are interested in the types of things that a hedge fund manager thinks about all day, or if you hold a diversified portfolio, you will enjoy this book. To be continued…
  18. onomewrites

    Basics of Life Insurance

    Life Insurance: The Basics Life insurance was initially designed to protect the income of families, particularly young families in the wealth accumulation phase, in the event of the head of household's death. Today it is used for many reasons, including wealth preservation and estate tax planning. Of course, it still provides you with the opportunity to protect yourself and your family from personal risk exposures like repayment of debts after death, providing for a surviving spouse and children and fulfill other financial goals such as college funding, leaving a charitable legacy or paying for funeral expenses. Life insurance protection is also important if you are a business owner or a key person in someone else's business, where your death (or your partner's death) could prevent the business from continuing its operation. One of the key benefits from any type of life insurance is that the death benefit that is paid out is always tax free. All life insurance policies involve four separate parties: the insurance carrier, the policy owner who pays the premiums, the insured upon whose death the policy will pay out and the beneficiary who receives the death benefit proceeds. Who Needs It? Not everybody needs life insurance. If you are single and have no dependents, it may not be worth the expense. If, however, you have anyone who financially depends on you (even partially), life insurance may be appropriate for you. When considering life insurance, ask yourself the following questions: Do I need life insurance? How much do I need? How long will I need it? What type of policy makes sense for me? Your need for life insurance will depend on your personal circumstances, including your current income, your current expenses, your current savings and debt and your family's goals. Many planners recommend coverage equal to at least six to 10 times your gross annual income, but your or your family's needs may differ from that. You will have to compare the what you have versus what goals you'd like for your family once you are gone, keeping in mind that their security can often carry a higher price tag than you originally thought.
  19. onomewrites

    DEBT & EQUITY INVESTMENTS

    DEBT & EQUITY INVESTMENTS What Are the Differences between Debt & Equity Investments While both debt and equity investments can deliver good returns, they have differences with which you should be aware. Debt investments, such as bonds and mortgages, specify fixed payments, including interest, to the investor. Equity investments, such as stock, are securities that come with a "claim" on the earnings and/or assets of the corporation. Common stock, as traded on the New York or other stock exchanges, is the most popular equity investment. Debt and equity investments come with different historical returns and risk levels. DEBT INSTRUMENTS Debt investments tend to be less risky than equity investments but usually offer a lower but more consistent return. They are less volatile than common stocks, with fewer highs and lows than the stock market. The bond and mortgage market historically experiences fewer price changes, for better or worse, than stocks. Also, should a corporation be liquidated, bondholders are paid first. Mortgage investments, like other debt instruments, come with stated interest rates and are backed up by real estate collateral. EQUITY INVESTMENTS Fortunes can be made or lost with equity investments. Any stock market can be volatile, with rapid changes in share values. Often, these wide price swings are not based on the solidity of the organization backing them up but by political, social or governmental issues in the home country of the corporation. Equity investments are a classic example of taking on higher risk of loss in return for potentially higher reward. LEGAL DIFFERENCES Debt instruments, whatever they may be called, are corporate borrowing. Instead of procuring a straight commercial bank loan, the organization "borrows" from a variety of investors. This is why debt instruments, such as bonds, come with a stated interest rate, as a loan would. Equity investments offer an ownership position in the company. Owning stock makes the investor an owner of the organization. The percentage of ownership depends on the number of shares owned as compared with the total number of shares issued by the corporation. INVESTMENTS GOALS AND RISKS Depending on your investment goals, these differences may strongly influence your preferences. All investments come with risk. However, debt instruments offer less risk than equity investments. Your investing targets may favor equity investments, if you're seeking striking growth or profit potential. Conversely, you might focus on debt instruments when you prefer consistent income and less risk. Tailor your investment actions to match your objectives and risk tolerance.
  20. onomewrites

    DEBT & EQUITY INVESTMENTS

    DEBT & EQUITY INVESTMENTS What Are the Differences between Debt & Equity Investments While both debt and equity investments can deliver good returns, they have differences with which you should be aware. Debt investments, such as bonds and mortgages, specify fixed payments, including interest, to the investor. Equity investments, such as stock, are securities that come with a "claim" on the earnings and/or assets of the corporation. Common stock, as traded on the New York or other stock exchanges, is the most popular equity investment. Debt and equity investments come with different historical returns and risk levels. DEBT INSTRUMENTS Debt investments tend to be less risky than equity investments but usually offer a lower but more consistent return. They are less volatile than common stocks, with fewer highs and lows than the stock market. The bond and mortgage market historically experiences fewer price changes, for better or worse, than stocks. Also, should a corporation be liquidated, bondholders are paid first. Mortgage investments, like other debt instruments, come with stated interest rates and are backed up by real estate collateral. EQUITY INVESTMENTS Fortunes can be made or lost with equity investments. Any stock market can be volatile, with rapid changes in share values. Often, these wide price swings are not based on the solidity of the organization backing them up but by political, social or governmental issues in the home country of the corporation. Equity investments are a classic example of taking on higher risk of loss in return for potentially higher reward. LEGAL DIFFERENCES Debt instruments, whatever they may be called, are corporate borrowing. Instead of procuring a straight commercial bank loan, the organization "borrows" from a variety of investors. This is why debt instruments, such as bonds, come with a stated interest rate, as a loan would. Equity investments offer an ownership position in the company. Owning stock makes the investor an owner of the organization. The percentage of ownership depends on the number of shares owned as compared with the total number of shares issued by the corporation. INVESTMENTS GOALS AND RISKS Depending on your investment goals, these differences may strongly influence your preferences. All investments come with risk. However, debt instruments offer less risk than equity investments. Your investing targets may favor equity investments, if you're seeking striking growth or profit potential. Conversely, you might focus on debt instruments when you prefer consistent income and less risk. Tailor your investment actions to match your objectives and risk tolerance.
  21. onomewrites

    Life Insurance

    LIFE INSURANCE What is 'Life Insurance' Life insurance is a protection against financial loss that would result from the premature death of an insured. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration for premium payments made by the insured. BREAKING DOWN 'Life Insurance' The goal of life insurance is to provide a measure of financial security for your family after you die. So, before purchasing a life insurance policy, consider your financial situation and the standard of living you want to maintain for your dependents or survivors. For example, who will be responsible for your funeral costs and final medical bills? Would your family have to relocate? Will there be adequate funds for future or ongoing expenses such as daycare, mortgage payments and college? It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business. How Life Insurance Works Life insurance is a contract between an individual with an insurable interest and a life insurance company to transfer the financial risk of a premature death to the insurer in exchange for a specified amount of premium. The three main components of the life insurance contract are a death benefit, a premium payment and, in the case of permanent life insurance, a cash value account. Death Benefit: The death benefit is the amount of money the insured’s beneficiaries will receive from the insurer upon the death of the insured. Although the death benefit amount is determined by the insured, the insurer must determine whether there is an insurable interest and whether the insured can qualify for the coverage based on its underwriting requirements. Premium Payment: Using actuarially based statistics, the insurer determines the amount of premium it needs to cover mortality costs. Factors such as the insured’s age, personal and family medical history, and lifestyle are the main risk determinants. As long as the insured pays the premium as agreed, the insurer remains obligated to pay the death benefit. For term policies, the premium amount includes the cost of insurance. For permanent policies, the premium amount includes the cost of insurance plus an amount that is deposited to a cash value account. Cash Value: Permanent life insurance includes a cash value component which serves two purposes. It is a savings account that allows the insured to accumulate capital that can become a living benefit. The capital accumulates on a tax-deferred basis and can be used for any purpose while the insured is alive. It is also used by the insurer to mitigate its risk. As the cash value accumulates, the amount the insurer is at risk for the entire death benefit decreases, which is how it is able to charge a fixed, level premium.
  22. onomewrites

    Asset allocation

    Asset Allocation In simple terms, asset allocation refers to the balance between growth-oriented and income-oriented investments in a portfolio. This allows the investor to take advantage of the risk/reward tradeoff and benefit from both growth and income. Here are the basic steps to asset allocation: 1. Choosing which asset classes to include (stocks, bonds, money market, real estate, precious metals, etc.) 2. Selecting the ideal percentage (the target) to allocate to each asset class 3. Identifying an acceptable range within that target 4. Diversifying within each asset class. Risk Tolerance The client's risk tolerance is the single most important factor in choosing an asset allocation. At times, there may be a distinct difference between the risk tolerance of a client and his/her spouse, so care must be taken to get agreement on how to proceed. Also, risk tolerance may change over time, so it's important to revisit the topic periodically. Time Horizon Clearly, the time horizon for each of the client's goals will affect the asset allocation mix. Take the example of a client with a very aggressive risk tolerance. The recommended allocation to stocks will be much higher for the client's retirement portfolio than for the money being set aside for the college fund of the client's 13-year-old child.
  23. Diversification simply put, is just putting your investment in multiple stocks, assets, sectors that have no similar value added relationship to help you reduce risk of losing investment money. A diversified investment is a portfolio investment in multiple stocks, assets or sectors that have no correlation with one another that help you reduce the risk of losses. Have you come across the quote “Don’t put all of your eggs in one Basket”, pretty familiar right? It is apt to your role as an investor who wants to mitigate loses. For example, Mr David, as an investor, wants to diversify his investments. So rather than invest only in tech/communications, in order to reduce the chances of losing, he diversifies and invests in oil firms’ stocks, government bonds, and banks stocks, not still confident of his investment, he goes into commodities, agriculture and other areas of business to invest till he feels he’s running with minimal risk of losing all his investments. You see Mr David having channelled his investment on different sectors is safer because if there’s a crisis in the tech world and all the tech industry crashes, he’s got investment in oil, government, banks and way down to agriculture. The key priority of diversification is reducing risk of loss. Diversification can't protect investors entirely from risk. Sometimes, financial markets lose value at the same time, and nearly every stock, bond, or fund loses value. More often, though, a diversified portfolio will cushion the blow of a downturn and help you avoid the full consequences of making an unfortunate stock selection. There's also little chance that the entire portfolio will be wiped out by any single event. That's why a diversified portfolio is your best defence against a financial crisis. Although, diversification can help an investor manage risk and reduce the volatility of an asset's price movements. Remember, however, that no matter how diversified your portfolio is, risk can never be eliminated completely. It is never a bad idea to keep a portion of your invested assets in cash or short-term money-market securities in case of an emergency because short-term money-market securities can be liquidated instantly. In general, the more risk you are willing to take, the greater the potential return on your investment, remember, the higher the risk, the higher the returns and vice versa. Investors will usually go for bonds and stocks creating different assets allocation portfolio. Usually, an aggressive investor would go for 80% stock and 20% bonds while the conservative investors go for 20% stock, 80% bonds. With stocks, investors can choose a specific style, such as focusing on large, mid or small capitalization. Bonds also offer opportunities for diversification. Investors can choose long-term or short-term issues. They can also select high-yield or municipal bonds. While stocks and bonds represent the traditional tools for portfolio construction, a host of alternative investments provide the opportunity for further diversification. These include Real estate investment trusts, hedge funds, Fixed Deposit, Commodities, and Treasury Bills etc. Regardless of your intention, there is no generic diversification model that will meet the needs of every investor. Your personal time horizon, risk tolerance, investment goals, financial means and level of investment experience will play a large role in dictating your investment mix. You can build your own diversified portfolio by combining numbers of individual stocks, bonds, or other investments. In general, buying stocks that differ in size, industry, geography, and corporate strategy can give you more of the benefits of diversification. Focusing on similar stocks in the same sector adds minimal diversification to a portfolio. Start by figuring out the mix of stocks, bonds and cash that will be required to meet your needs. From there, determine exactly which investments to use in completing the mix, substituting traditional assets for alternatives as needed. However, if you are too overwhelmed by the choices or simply prefer to delegate, there are plenty financial services professionals available to assist you, usually, at a fee.
  24. Goldendr

    The Millionaire Next Door

    I am a budding enterprenue helping people register/Incorporate their Business in Nigeria.
  25. New technologies are invented on a regular basis to give people the opportunity to help take stocks and enlighten them to become more informed investors. Investment forms one of the greatest ways to make money today. Being smart in business therefore is characterized through risk taking; smart investors are also known to lead the market. The earned money is used to create a retirement fund, however this is not always easy to do and a number of the Nigerian investors succumb to losses due to information shortage. Let's look at some investment apps in the market for android, with already established and growing large audience. Mobile Apps have helped in generating multiple leads and increase productivity in business. Here are a few of them: Whatsapp Business App Whatsapp Business App is available on android and can be downloaded via the Google Play Store. The apps are compatible with the services running Android 4.0.3 and above. Versions bearing similar features will be made available for IOS devices (I phone) in future. This App has been in use in other nations like USA, Italy, Mexico, Indonesia and UK and has helped investors greatly. Once downloaded and installed in your phone, it will display your business name, location and your site, making it easy for clients to find you. Personal Capital This is a terrific finance tracing tool that helps you manage your various investments. It also useful for those with multiple accounts with different firms. It features a trade mark “You Index” that helps track your accounts performance in all accounts comparing it to benchmarks such as S&P 500 and Dow. This App helps you connect with the assigned financial consultant at an annual fee; it also features a budgeting tool that keeps track of your investment. Yahoo Finance This App remains the best and most reliable in offering investment information. It provides news and a real-time data in the trading industry. Its ability to browse videos, view financials and read basic business charts makes it an amazing tool for businessmen. Expensify The App allows users manage spending transactions, process and upload receipts from their online sales. It also generates expense reports automatically to ensure your employees are spending business money wisely. Feedly The App comprises of news feeds from multiple online sources for one to customize and share to remain ahead in industrial trends. It allows you to subscribe to your favorite website giving you the latest RSS feeds. Tripit For an investor who travels a lot, Tripit forms an essential App to install on your Smartphone. It works like a travel manager by helping you organize reservations and plane flights confirmations by forwarding this important information to the App. It also allows you to share your itinerary with those who matter. Uber There is a newly added feature on Uber called Uber for Business. It was built to help companies manage their employee’ transportation. It features a central dashboard that tracks fares and trip.
  26. Helping Nigerians stay out of debt and gain financial independence is fast becoming a passion for many application developers who seek out better ways to help people save and motivate them to spend less. Here are two savings applications that have been designed to lead Nigerians out of financial slavery. ALAT Well, it is a digital banking service powered by Wema Bank Nigeria, which allows you to do all your banking transactions without being physically present at a bank. Alat digital bank allows you to open fully functional savings account using just your BVN and phone number in exactly 5mins. No paperwork required! At it’s core, ALAT by Wema bank is selling simplicity, reliability and convenience. ALAT digital banking will save you time with a simple account opening process that takes less than five minutes, help you put money away easily by automating your saving, make sure your bills are paid on time with its scheduled payments feature and deliver a free debit card (ALAT ATM card) you can activate, lock and unlock from your phone to use anywhere in Nigeria. You can open an ALAT account easily on from your phone. Install ALAT from the Apple App Store or the Google Play Store, open the app and sign up with your Bank Verification Number and a valid phone number. Thereafter, you will need to upload a photo of a valid means of identification (a government-approved ID card), a photo of a utility bill (not older than 3 months) and your passport photograph. Your account will be activated as soon as the ALAT team verifies your documents and address, usually in 24 hours. In the meantime, you can put money in your ALAT account but you can’t spend from it. Your ALAT account number will be emailed to you. It will also be displayed on your dashboard each time you log in to ALAT. Piggybank Piggybank is a Nigerian Financial Technology startup and they run a simple online savings scheme where they make periodic deductions for customers to save towards targets. Piggybank.ng securely makes saving possible by combining discipline plus flexibility to make you grow your savings & better manage your finances. Their mission is to make savings & investments more transparent and clear so that anyone can manage their finances. They promise that their clients can also earn interest income on the savings made. All that is required is to link a debit card to their platform online only. I was at first intrigued by the name. It is catchy and straight to the point. Try these apps today and leave your comments below.
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