financial management

Why You Need a Financial Plan

in Investment/Uncategorized
financial planning

Financial Success Rarely Happens by Accident

Many people do not have a financial plan, yet they want to be financially successful. Good financial planning paves the way to financial success.

It is often said that people spend more time planning their next vacation than they spend planning for their future. This is certainly understandable, because vacations are fun.

Figuring out how to pay off debts, put the kids through college, reduce tax exposure, and retire without running out of money is not so much fun. It is, however, very necessary. A written financial plan adds structure, direction, and objectivity to these weighty decisions. Keep Reading

Tips For Choosing a Financial Planner

in My Money
Financial Planner

How to Find a Financial Advisor

Choosing the right financial planner is the most important step in managing your money. This article discusses the important things to consider for finding your advisor.

You have graduated from school and have landed a good job. You have paid off your debt (at least partially) and now you are looking to invest some of your hard earned money.

The only trouble is that things like IRA and P/E ratio sounds Greek to you. So how do you foray into the confusing world of investing? Keep Reading

Small Business Budgeting – Financial Planning

in Business Financing
Financial Planning

Learn How to Create an Expense Budget for Maximum Profitability

Step by step instructions on how to create a budget. Business budgeting is important for maximizing profits and giving the company financial direction.

The first step to creating a budget is the creation of the sales forecast. The forecast is an estimate of future sales and other types of income. Although the budget is not a prediction of the future, it uses future estimated income as a means of dispersing expenditures.

Budgeting financial expenditures allows the business to maximize profitability by controlling expenses. Keep Reading

Learning from Financial Scandals

in Investment
Financial Scandals

The era of recent financial scandals has turned the spotlight on the need for more transparency, more disclosure, and more thorough analyses of available information.

When analyzing a company, investors and analysts alike focus on the company’s financial and operating performance. However, what makes any such analysis potentially flawed is the fact that information used is actually provided by someone else. Unless investors are willing to dig in deeper!

Financial reporting is the responsibility of public issuers. Financial information must be presented in a clear, easy to understand, relevant, reliable and comparable manner.

What makes the disclosed information relevant is its transparency, and more importantly, its accuracy.

A bounty of information is made available on any given day. Unfortunately, while there are companies that choose to go above and beyond the minimum required disclosures, there are also quite a few companies that go well below them. This is where looking at the presented information critically becomes a necessity. Keep Reading

Investment Management

in Investment
Portfolio Management

Wealth Management

Before investing it is important to consider how efficient the investor believes the market is.

When picking a portfolio manager an investor should have a clear idea of the different philosophies of managers.

What the individual investor believes about market efficiency may determine if they hire a technical analyst or a fundamental analyst or maybe even go without either and just invest in an index fund. Keep Reading

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