Paying Too Much Attention Can Cost You

Paying Too Much Attention Can Cost You

Sales and financial pitfalls. What do these two have in common? Let me give you two hints:

You walk into a retail store advertising 50 percent off store wide sale. You walk out the store after spending $150. Your budget was $80. Although it was over your budget, you did manage to walk out the store with more items for $150 than you could have without the sale.

When reading “financial crisis of 2008 to 2010” what images and emotions come to mind?

What they both have in common is fixation. For the majority of people, our minds are preoccupied with the idea of saving money on a sale and a memorable moment impressed upon our frontal lobe that seems to never fade.

The advertisement of a sale has no advantage unless you are saving money. Typically, we tend to overspend when there’s a sale which makes it difficult to save for retirement or other long-term goals. How many times have you or someone you know have said “oh, it’s only $40” (or another dollar figure) because, otherwise, the item would have never been bought for $80? It doesn’t stop there. Then, there’s something else that you have always wanted (it just happens to be that way because it’s a sale) and buy it. Next thing you know you are buying more than what you have intended. But you justify it because it’s a sale. But it’s up to you to not overspend. We anchor on the idea of a sale and automatically think we are saving money. Au contraire, a sale is an opportunity for the store to sell a higher quantity of their inventory.

Solution: if you want a sale to work in your favor where you are saving money, then set a spending limit. You will stay within your means and save money.

Financial pitfalls, such as the financial crisis of 2008 to 2010 have left a strong impression on our minds. A mix concoction of lack of trust in big companies, greed, loss of retirement funds, volatility, etc. have contributed to an inaccurate knowledge of  doesn’t work! Resultantly, the average investor has reduced their contributions and lost sight of long-term investing. The challenge with the average investor is they are overly impressed with short-term gains. When it comes to investing it is crucial you are invested for the long-term. Does it necessarily mean you have to be invested 100 percent in equities/stocks? No. Many times the average investor is overly aggressive with stocks. It’s imperative that you have a properly diversified portfolio to minimize risk.

Holding on to such financial pitfalls can be more destructive. Studies have shown that investors who subject themselves to the daily financial news do worse than investors who tune it out.

Solution: instead of frequently checking your investments, cut it down to once or twice per year. Tune out the daily financial news so you are less likely to react emotionally to the natural ups and downs of the stock market.…

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Helpful Cost Cutting Tips For Small Business Owners

The secret to having a successful small business or home base business is to create a new way to monitor costs. You also need to realize that business spending can sometimes immediately increase and also decrease the income, and your business will not see any progress.

Most of the business owners realize that they generate income from the business, but they do not recognize where the money spent to. This problem will definitely affect the cash flow of their businesses. Successful business owners know that they have to regularly review their expenses within certain period of time. From this action, they are able to arrange the cash flow smartly and create more saving in their business.

You may review below lists for your consideration in creating good cash flow on your business.

– You can purchase the last year model of your operational needs such as computers, fax, furniture, or others for your office because these needs will always be newly produced by the manufactures every year and the costs of buying them will be higher. From here you can do the saving of you operational needs.

– You can start to purchase stocks in larger quantities and buy them in advance. Larger quantities means lower costs. Repurchase your needs before the stocks run out. And with purchasing them in advance, you will have more opportunity to gain the benefit of sales.

– Try to combine product shipment with consolidating them into one period of time. You can cut your mail cost from this consolidation.

– Turn your preference to probably products that is produced by national manufactures. It means that you can start to use national products to save money.

– Most of smart entrepreneur is aware when and where to buy a stock or products for lower prices. One of the options of have these are to gain the benefit from discounted products. Some companies provides discounts to their member on certain services such as travel, insurance, cargo services, telephone, or others. Taking advantage from the offers of some credit card providers is also a good option for your cash flow.…

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Whether You Have a Broker or Not, You Need to Educate Yourself on Investments

The first time you took a look at the stock market pages in the newspaper or on TV, you undoubtedly said something close to “Holy cow, I’ll never learn about this stuff.” You then went out and hired a broker so you wouldn’t have to delve into the impossible enigma of the stock market and trading. You needed someone with expert knowledge of investing and trading in the stock market.

That is all well and good. But let’s take another look at it. You are no expert on toxicology, but you know better than to drink from a bottle labeled “arsenic.” That stuff is lethal. You know that if someone suggests you take arsenic for your illness, they are not dealing with your best interest at heart. You will not take their advice because it could definitely be hazardous to your health.

Can you say that about the money you have floating around in the stock market right now? Do you have enough knowledge about stocks and trading to save your own life if things start going downhill? Or are you going to find yourself up a creek without a paddle if it turns out that your broker doesn’t know what they’re doing after all.

Gaining the Necessary Knowledge of the Stock Market can be Intimidating, but…

No one wants to think about their trusted broker making irreparable mistakes with their money, but no one wants to think about being left without a penny when it’s time to retire. It’s just one of those things. Which means you really need to know enough about the stock market to be able to realize when a mistake is being made, or when a new and interesting opportunity presents itself, whether you’re doing your own trading as a rule of thumb or trusting someone else to do it for you.

The most important thing for you to carry away from this is that not only is it important for you to learn the basics of stock market trading, you also need to have enough faith in yourself and your future to recognize that you actually can learn the basics of stock market trading. Really.

Where do you go to Learn, then?

You have probably heard or read stories about people being self-taught investment gurus. These smart, tenacious types supposedly read the financial section of the newspaper every morning to glean everything they can about how the stock market operates. These golden icons of Wall Street become billionaires before the month is over. I would suggest to you that this is undoubtedly an apocryphal tale and you should not be sucked in. You need a formal approach to learning the ropes. You need a program that’s designed and then customized to fit your needs – the kind of program aimed at the rawest beginner so you can learn the ins and outs of the stock market from the ground up. This same program should offer more advanced learning opportunities for you to …

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Why Investment Portfolios Should Include Lithium

Investing in commodities such as precious metals are increasingly coming back into focus, especially since electric car production is on the rise. However, investors question, is this a smart investment? Experts say the quest for greener vehicles is driving the growth for metals.

Most people think of gold, silver and possibly oil when it comes to investing their money in commodities. However, experts in financial services firm located in New York, NY says many other raw materials are needed in today’s various industries, like automotive production, which means that it can also be worth investing in several raw materials.

Why Investment Portfolios Should Include Lithium

An Evolving Automotive Industry Looks Greener

With the slow transition from the internal combustion engine era to the next generation of electric automobiles, there is a significant impact on the precious metals industry. Because of these futuristic electric cars, there is a need for nickel, cobalt and lithium, and even copper.

Take Lithium for example; it transfers heat, purifies the air, works as an additive for military rocket propellants and is used in medicine to stabilize mood. But above all it is the key component of lithium-ion batteries, the batteries of the future.
For vehicles to be able to run on electricity, rather than gasoline, they need to be able to store enough energy to power vehicles for hundreds of miles. To meet these needs, advanced batteries are made of lithium.

Global revenues from lithium-ion battery sales are expected to have a compound annual growth rate of 43.1 percent, reaching 36.5 billion in 2020. It is also expected that sales of light electric vehicles will grow to 6.4 million in 2023. An average electric vehicle uses about 5,000 times more lithium than a mobile phone, while those of high level, like the Tesla Model S, can consume twice that amount. Therefore, the growth of the electric car market will have a significant impact on lithium demand.

In 2015, lithium consumption from car production was 15,000 tons and in 2025 it is estimated at 136,000 tons. It is interesting to note that lithium accounts for only 3 percent of the total cost of a lithium-ion battery. This means that, due to its limited impact on the price of a battery, battery prices could increase as production efficiency increases. The Lithium Price Index has grown by 28 percent since the beginning of 2017, by 132 percent since the beginning of 2016.

Investing in The Precious Metals Industry

To invest in lithium, it is better to rely on diversified products, such as funds and ETFs. Funds like the Global X Lithium and Battery Tech ETF, and ETFS Battery Value-Chain provides exposure to companies active in the storage of electrochemical energy and various mining companies that produce the different metals that are being used to develop batteries. Not only is diversifying your investment portfolio a smart move, but financial analysts agree that adding precious metals now is a good move, especially at the rate of consumption for the coming years.…

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An overview on how is it like working in Singapore

An overview on how is it like working in SingaporeIf you are looking to シンガポールで就職 (getting a job in Singapore) then, you should be familiar with how it is like working there, and what benefits you would garner by working in Singapore. You can simply apply for a job using でシンガポールの転職活動に成功を (Good Job Creations) then; you can work on applying for a work visa to travel to Singapore. You should expect the following key benefits of working in Singapore:

Reason # 1: Excellent remuneration packages

It has been reported that the minimum salary earned by an S-Pass holder approximates SGD 2,300, whereas, an E-pass holder earns up to SGD3, 300 at a time. It indicates that the salary and remuneration packages offered in Singapore are substantially higher than the salary offered in other countries. The employees are also rewarded with miscellaneous incentives to reward them for their efforts.

Reason # 2: Nurtured and relaxing environment

If you are considering pursuing employment in Singapore, you would be waking up and working in a clean and efficient city. You will interact with amicable and friendly people here, who are always glad to help the expats with their concerns. The city features an interconnected public transportation system which allows the employees to reach their work location on time. You will always find the streets and roads in an immaculate position. Also, one can visit several places for leisure, for instance; pubs, clubs, zoos, museum parks, amusement parks and much more.

 

Reason # 3: Located near to business districts

Singapore is located in Southeast Asia, which means that anyone could board on a flight to travel to the central business districts of Asia, which include Taiwan, Hong Kong, and China. Also, you can travel to tropical islands like Thailand or Indonesia on the weekends, and be back to work immediately. Also, Changi Airport in Singapore is equipped with modern elements, and it makes traveling a wonderful option for frequent travelers.

Reason # 4: Working with a diverse group of people

When シンガポールで仕事 (working in Singapore), you will interact with people that belong to various backgrounds and ethnicities, and it represents the spirit of the country in its truest form. The country prides itself on welcoming people from various backgrounds into its fold, and it encourages companies to hire international employees for adding variety to their personnel. In addition, you would come across expats and foreign workers who are making a substantial income living in Singapore.

Reason #5: Flexible working hours

If you are considering working in Singapore then, you would be working according to flexible hours. The companies in Singapore require their employees to work for a short time period then, they are good to call it a day. Also, working as per the flexible hours ensure that the physical and mental capability of an employee is not compromised, and he is able to complete the work hours without stressing himself.

Reason #6: Exciting places to visit after work

If you have had a long day at work, you can visit exciting and …

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