Jul 24 2011

Three Of Warren Buffet’s Tips For Investing Success

Published by under Investment

Article written by Mark Harrisian of Online Investment Guide.

There’s no doubt that the last few years has seen torrential times when it comes to investing as many people have not only lost a lot of money but have also lost their confidence in being able to make the right investment choWarrenBuffet_747-e1415041194145ices as well.

 

So, in order to counter the doom and gloom that affects people these days, here are a few tips from the Warren Buffet, who is considered to be an investing genius:

#1: Be frugal

Frugality is a lifestyle choice, when you come to think of it, and it has been something that Buffet has been come to be famous for. He still lives in the same home and drives his own vehicle, and that says for a lot because obviously he has more to invest.

#2: The ‘fat pitch’ is what you have to wait for

Buying or selling stock has never been the right thing to do as this will only result in losses regularly. Instead, you should wait for the fat pitch patiently which more often than not comes due to market turbulence.

#3: Go against the crowd

One of the Buffet’s favorite principles is to go against the crowd when it comes to making money as their analysis is always a reflection of their understanding of the market prices. Often, when there is negative public opinion, it is the best time to buy stock. Conversely, it is better for you to desist from buying when investors are careful.

 

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Jul 21 2011

Why Brokers Will Not Help You In Trading Strategies

Published by under Finance & Loans

Almost everyone who has been associated with a broker from time to time has lost money. Yet ever so often, there comes a time when you realize that they don’t necessarily deserve your loyalty since their profitability is directly dependent on the understanding of trading that their clients have of the stock market.

In most cases, they convince the client of great profits but sooner or later, there is more than one loss but what remains is the commission that you might have agreed with them on, as soon as you began your association with them. To put it simply, most experts believe that they’re all very eager to drain your account clean.

Perhaps one of the reasons why this is true is because unlike CTAs or fund managers whose best interests are directly linked to that of their clients (through taking a percentage of the profits if generated), brokers always get a commission even if the trading advice given to their clients are good, bad or just plain useless.

Strangely enough, the only way by which the brokerage industry measures the success of its performers is by how much commission they made in that year, and which has nothing to do with their clients’ profitability. So it only makes sense that he gets you to trade as much as possible so that he gets his commission from time to time.

So what should this tell you?

That you, as the investor, has to learn not to depend on the broker but make your choices when it comes to trading because even if you do find a good broker, you’ll have to learn to make those trades by yourself in the long run, making the broker (good or bad) irrelevant.

 

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Nov 22 2017

Why Hiring a Construction Expert Witness Can Save You Money

Published by under Business Services,Legal Tips

Summary: Having a construction expert witness available when handling a case that deals with the construction industry is a wise decision, as they can provide the court with the knowledge needed to reach an informed verdict.

A construction expert witness is an individual who possesses a large amount of knowledge and expertise of the construction industry, including information related to construction-related incidents, injuries, and disputes.

Industry Expertise

When dealing with cases in the court of law it is important to make sure that experts are available to shed light on technical aspects that may come into question. A construction expert witness is not only required to have a strong understanding of the actual construction processes, for they must also understand construction costs, defects, insurance, contracts, permits, licenses, and more.

In the event that a very technical concept comes into question, it is crucial to have an expert witness who is recognized in his or her field and has both the experience and credentials to prove that they are a reliable source of information on the topic at hand. Equally as important, an expert witness will be able to communicate complex topics in terms that the court can clearly understand.

Impartial Point-Of-View

Another strong argument for why one should hire a construction expert witness in their case is that they are impartial. In the court of law it is crucial to have a party that is unbiased and does not have any personal involvement the case or any of the people involved. In the case of a construction dispute, a construction expert witness must be very ethical and must not lean towards a particular side. He or she should be able to provide relevant facts and insight to help the case hearing proceed as smoothly as possible and to guarantee that judge has sound judgment on the construction matter to make an educated decision.

Blog submitted by Lyle Charles: Lyle Charles Consulting is a leading construction consulting firm that offers construction expert witness services. Visit them online for more information.

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Nov 17 2017

An Investment Forecast for the Rental Car Industry

Published by under Business Services,Investment

Summary: Is the rental car a boom or bust industry? This article dives in and addresses where the core of the problems lies.

If you’re reading this, then your interest has definitely been piqued by the fluctuating rental car industry. With the significant rise in services like Uber and Lyft, rental car companies have been left in the dust – or that’s what people tend to believe.

Structural Changes Incoming

The rental car industry is experiencing a massive structural change that is impacting today’s business mode. Because of the growth of Uber and Lyft, the rental car industry is being pressured to create new pathways to financial success.

Rental car industries are now facing the reality that businesses need to reduce their overall capacity in order to survive this visceral surge. Unfortunately, the used car market, which works in tandem with the rental car industry, is currently in a weakened state. Here’s an example. Today’s major rental car companies are opting to purchase new cars with the intent of selling it back after a certain amount of years. In the midst of this time, they’ll look to try and rent this specific car out to clients for as high of a rate as possible. This is where the weakness of the used car market hurts the rental car industry indirectly.

Challenging Business Models

With a reduction in income generation from used cars, this decline will only hurt the rental business, unless a significant number of clients were to create a financial pathway. However, one cost-cutting addition many companies are adding to their business models is to fix their fleet and cost structure. With so much competition on the horizon, rental car companies must compete to stay afloat in today’s rapid-changing environment. As of right now, rental car companies do have a place in the future autonomous vehicle world, and will continue to unless drastic changes were to occur.


Blog submitted by Monte Carlo Rent a Car, LLC: Looking for a low-priced rent a car in Amman airport? Monte Carlo Rent a Car, LLC can provide you with the finest cars at the lowest prices.

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Nov 13 2017

Top 3 Characteristics of a Successful Entrepreneur

Published by under Entrepreneurship

Summary: All entrepreneurs have characteristics that they share. Here are the top 3 that have driven them to the top of their craft.

Becoming an entrepreneur isn’t going to be a walk in the park. You’ll need great concepts and you also need to remain dedicated to your business at all times.

Anyone can pretty much start his or her own business. However, the more successful entrepreneurs like Sebastian Guthery who’s founded several businesses with millions in revenue require some keen characteristics. Here are the top 3 that’ll put you on the right path.

  1. Remain Passionate

A business owner is often tasked with understanding more than the basic mechanics of running a business. If you have passion for your startup, this drive will assist you in turning your idea into a reality, and will even help you become known within the industry. Without this “spark”, you’ll lack the motivation that you need to remain proactive with all your business endeavors.

  1. Stay On the Grind

Entrepreneurs need to be able to overcome a variety of obstacles. Remember, a business doesn’t get built overnight and turning your dream idea into a reality will take time. First off, you’ll have to get used to people telling you “no” and politely declining anything to do with your business. However, the best thing about being an entrepreneur is they persevere through everything, no matter how many times people tell them they can’t. Remember, without perseverance, it’s likely you’ll give up, so stay focused and continue to hone your craft.

  1. Making the Most of Your Time

A vital asset to being an entrepreneur is knowing how to manage your time. Remember, your assets will essentially be limited so make sure that you use them to the fullest. One example would be to network as much as you can. If you need to find an artist for example, try and take advantage of local art programs and provide them with the opportunity to showcase their work.

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Sep 28 2017

How the Internet of Things May Affect Mobile Payment Technologies

Published by under Business Services,Technology

One of the first clues that the Internet of Things was going to affect how we might buy products in the future was Amazon. Amazon released small devices that one could press in order to buy a new shipment of a product. These small devices correspond directly to a product, so when you press the Tide or Bounty button, you get those products delivered when a small deduction is made to your account.

There are two major drivers to digital wallets: the first is the smartphone while the second is the Internet itself. Both of these components are integral to the Internet of Things, and will help us communicate with our homes for a variety of possible outcomes.

Sharing of Data

One of the most important roles a digital wallet holds in the modern context is as a method to track transactions. It does store money, and it’s used to move money too, but the data that accumulates when you make a purchase is where the true change happens.

Soon, your digital wallet might know more about your household. If, for example, you own a refrigerator with a water dispenser, your wallet may be programmed to “listen” to your fridge. When your fridge needs a new filter, it broadcasts that need to your wallet. The wallet then prompts you, or may even place the order on its own. Either way, you never have to worry about replacing your filter because a new one is shipped direct to you.

This is just one example. Companies like Phillips, which make the Hue lighting sets, may be able to help you with design or accessories for the home with personalized recommendations. One of the major stressors as a homeowner is narrowing down all the choices you have, so digital wallets may be able to reduce that frustration.

Blog submitted by Charge.com. Charge.com is consistently ranked at the top of the most widely used and trusted credit card processing companies. For reliable processing online, and in-store, turn to Charge.com.

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Apr 22 2017

Crowdfunding: A Fluke or a Gold Mine?

Published by under Investment

Written by: Omar Amanat

Summary: Real estate investments have proven to be valuable in itself, with high returns and minimal effort on the investors end.

For decades, investors have kept a very profitable secret to themselves – real estate crowdfunding. They’ve enjoyed massive returns of 9.2% and expose themselves to market that’s less volatile than the stock market by investing directly in real estate. Unfortunately, individual investors have been left out of this financial payday for years. Institutional investors have billions of dollars that they use to diversify into hundreds of properties. Now, individual investors may only have enough for one or two huge, undiversified investments. If there happens to be a failure on these properties, it becomes a huge risk and one could potentially lose their entire investment.

An Open Door?

This all changed in 2013 when the JOBS act and legalization of crowd investing real estate came into play. Crowd investors will essentially pool their money into a single investment, which drastically lowers the price of entry. Now, a single apartment complex may cost a few million dollars. However, with a crowdfunding investment, investors might only have to pay $5000 apiece.

This low cost allows investors to diversify over dozens or even hundreds of investments. Furthermore, it protects against the failure of one or two properties. It’s a safe bet for the real estate investor and it also boosts valuable returns as well.

There is a catch however, real estate crowd investing sites are only available to accredited investors (those that have over $1 million in assets or are making $200,000 for the last three years). But regulations are expected to change that will allow the average investor to take advantage of these amazing opportunities – it’s only a matter of time before sites begin to adapt to this change and let any investor buy into the market.

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Mar 30 2017

Tips to Reduce Fraudulent Transactions

Published by under Business Services

Anyone with credit card merchant services can feel the sting of a chargeback. These aren’t to be taken lightly, but they can occur from fraudulent transactions. It won’t always hurt you, but losing money is never a great feeling. If you want to stop these kinds of transactions, you need to be more proactive in terms of how you process transactions. This guide will teach you how to examine your merchant account transactions for fraudulent purchases, including guidelines and best practices on what to look for.

Develop a System

You’ll need a system if you hope to be consistent, so bake this into your customer service and sales departments for the best results.

Every big ticket item that gets processed through the system should be reviewed by an account representative, unless the customer has purchased big ticket items in the past. Even then, periodic reviews will help you catch the odd ID thief.

In store, every clerk should be checking for IDs and card signatures. People don’t always sign their credit cards, so provide a pen to customers at the credit card machine so they can do so in your presence and with a photo ID. This helps protect your business, and their account.

If you accept credit cards online, you should require new customers to enter a CVV or CVV2 number. This number helps confirm the customer has the physical card, and is another layer of verification.

Final Thoughts

Stopping fraud is a full-time job for most banks, so don’t try to reinvent the wheel. Instituting some simple policy changes will go a long way in halting fraudulent transactions and improving your rate of chargebacks and lost revenue.

Bio: Charge.com has some of the lowest rates of merchant account providers available online.

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Dec 13 2016

How Mobile Credit Processing Works

Published by under Business Services

mobile-credit-card-paymentsWith a small device attached to your cell phone, you can turn your device into a credit card swipe machine and use it to service customers in a retail environment. All you’ll need is a merchant account and an internet connection to make it happen. Here is a quick rundown of how it all works, and why some businesses are seeing mobile processing as the wave of the future.

Basic Technology

The basic technology behind mobile credit card processing is simple: there is an attachment that typically uses a device’s headphone jack in order to collect credit card information. There are also devices that work with your phone’s internal Bluetooth, but they are a bit more expensive than the basic headphone jack models.

Using these devices, and your phone, the only missing link is an internet connection. You can process transactions anywhere in your store so long as the servers can be reached.

Your phone becomes a payment gateway, but you typically need some kind of application to help process the transaction. Usually, when you get your merchant account set up, your payment processor will direct you to your app store to download such an application.

Aside from the credit card swipe, there is also Near Field Communication, or NFC, which functions a lot like a Star Trek device.  These devices allow the user to simply wave his phone and pass payment information directly to you, the merchant. While NFC is slightly less prominent, it does still exist.

Recent changes to both apple and Samsung devices have removed the headphone jack, so it’s important to make sure your device is compatible with the card reader you want to work with. You might also consider having a register system as backup in case your mobile system goes down for any reason. Otherwise, you’ll be stuck processing cash-only transactions and that may limit your business’ revenue for the day.

Security

The big advantage to mobile payments is security, especially with NFC where the transaction occurs in a physical space over the Web. Securing payments from a breach protects your customers, and shield’s your business from liability. Some customers enjoy that their card never has to leave their sight, especially at restaurants. This data is also encrypted when the card is first scanned, which helps protect the customer’s data throughout the transaction.


Charge.com Payment Solutions, Inc. offers a low cost guarantee, and has been rated the #1 merchant account provider for six years in a row.

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Oct 29 2016

Lethal Investment Mistakes

Published by under Investment

investment-mistakesInvesting is stressful, exciting and perilous all at the same time. If you’re dedicated, anyone can invest and work on a strategy to grow financially. From large names, to the average Joe, investing is good for the economy and for you. Just make sure you don’t make these lethal mistakes when you invest.

“First, You Find the Plan [and] Then You Find [the Investment] to Fit the Plan.”

-Andy Heller

When you first invest, you’ll find yourself making some silly mistakes that you’ll correct as you grow. That’s a lot different from avoiding due diligence altogether. If you are investing purely because it “looks like a good deal”, you’re planning to fail at investing.

This is why investors have an agenda, or a set of philosophies that drives their work. Are you providing for family? Growing assets with a specific purpose (like helping to grow green energy)? Figure that portion out first, then work on putting your money to work for those ideals.

“Rule Number One: Make Sure You’re Diversified”

-Sarah Ketterer

Calculators can be a scary thing because they provide re-assurance we’re looking at a good deal. We look at potential profits, especially when a stock develops a track record of growth, and we see temptation. It’s fine to re-invest in a stock that’s performing. After all, you should try and get the best price for that stock over time. Just make sure you’re not ignoring other opportunities, and that your entire portfolio doesn’t rely on a single company’s performance.

“More Than Ever, You’ve Got to Train Investors to Think Against the Flows.”

-Dev Randhawa

Markets are cyclical, and this advice from Dev Randhawa highlights why it’s important to look at long term trends and dig deep prior to investing. Investing is tricky, and you’ve got to learn to resist impulses that tell you to sell or run. Investing has a very real fight or flight response you must work hard to overcome.

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Oct 24 2016

Three Reasons to Open an Online Store

Published by under Business Services

online-store-graphicMore and more, credit card processing services are offering both on and offline services to help process credit card transactions. Not only is eCommerce expanding at a rapid rate, especially as more shoppers become familiar with using their credit cards at websites outside of the major players, but it’s also simple and easy. It’s much faster to compare prices too. Here are some of the reasons why more shop owners are beginning to rely on their eCommerce storefronts as a major source of income for the business.

Open All the Time

In the real world, you need someone on staff to accept credit cards. On the Web, you can be open 24/7 and reliably process multiple sales from around the country. Some businesses even sell at the international level, catering to customers who are continents away. Of course, you’ll need proper logistics to get the products out to customers if you plan to pursue online as a serious strategy. Work on making shipping affordable, and you’ll soon find many using your service on and offline.

Customer Loyalty

Customers usually need to enter some verifiable information to both complete the purchase and receive a receipt for their order. When you accept credit cards online, you also have the opportunity to hook customers into your email list. Make sure you’re doing so ethically, by asking them to opt into the list (preferably twice), but email lists can be valuable sales tools.

Technology Affordability

Another major change is both affordability, and ease of implementation, for this technology. Today, it’s common for merchants to utilize phone support in order to setup the POS system at a store. That cuts development costs and reduces time spent setting up the system.


Charge.com Payment Solutions, Inc. is a merchant provider to help businesses accept credit cards online.

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Aug 31 2016

Don’t Forget to Include Tax Consequences With Assets

Published by under Finance & Loans,Investment

Be aware of all the financial implications that are in place when it comes to passing down assets to your heirs.

inheritance-tax-consequencesIf you prefer not to sell your home prior to retirement, you can also go with the route of considering whether or not you want to leave it to your heir. There are numerous assets such as: stocks, bonds, mutual funds, and annuities that are available. However, remember that there are going to be tax consequences that you should plan out before you make the decision so you don’t end up paying a significant amount. Weigh your options, or even speak to a financial advisor so you can get on the right track.

Tax Exemptions

If your property is essentially below the federal estate gift and estate tax exemption – which is typically $5.45 million for 2016 – you can avoid capital gains tax on the appreciation. So, for example, if you bought a house for $200,000, and the value has made it go up to $550,000, your heirs’ tax basis on the house will typically be the difference between the value on the that you die as well as the sales price.

Check For Depreciated Security.

An example of something that you shouldn’t do when it comes to assets is to pass down depreciated securities on to your children or heirs. If you purchased a stock for $50,000 and it depreciates to $30,000, there’s basically a $20,000 capital loss deduction. Once you die holding onto that loss, it is no longer an option. But, remember that tax consequences do vary, so it’s important that you consult with a financial planner in order to proceed in a financially smart manner.


Kuba Jewgieniew is the head of Realty ONE Group, a real estate brokerage firm with offices in California, Nevada, and Arizona.

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