Tips On How To Start An Investment Club

Investment club is formed by a group of people who pool their money for joint investments. If you are a new to investing in stock market and have limited funds, starting an investment club is a great way to learn from other investors and get hands on experience in investing.

Here are some tips to starting an investment club.

1. Make sure all members understand the risks of investing. Many people who invest think they are going to be very successful, and are not prepared to lose all of their money. Unfortunately, there are no guarantees when it comes to the stock market. No one should invest money they are not willing to lose.

2. Find the right people who share the same investment objectives and goals. It is easier to get along with right minded people and learn from each other.

3. Make sure all club members agree to the partnership agreement and any other rules.

4. Join the National Association of Investors Corporation (NAIC) that provides support, information and tools on starting an investment club and investing, and publishes a monthly investor-learning magazine.

5. All members must agree to make a monthly contribution. The typical range of contribution is $20 to $100 a month. Members who contribute more than the required contribution are allowed greater share of profits.

6. Decide on how to meet and the frequency of meetings. For the initial setting up of the club, it may be best for everyone to meet in person. If all meetings are held online, it may be good to meet in person once or twice a year for social interaction. To keep up to date, it is recommended to meet 1-2 times a month.

7. Start with a small number of people. It is easier to come to an agreement when there are fewer members. When the club is established and all formal procedures are in place, new members can be invited to join.

8. Education is the main goal of an investment club. An investment club made up of educated investors will be more successful and cohesive than an investment club which is solely focused on making a profit.

9. Every investment club must have a well-defined investment style or investment philosophy. There must be clear selection criteria such as what type of stocks to invest, the acceptable risk tolerance level and rate of return. All club members should be aware of and agree to the investment style of the club.

Starting and running an investment club is an invaluable learning experience, where you can leverage on the expertise and knowledge of other investors. Investment clubs facilitate the exchange of ideas and collective decisions that are likely to produce sustainable returns.

How To Start Trading The Forex Market

What Is FOREX or FOREX MARKET? PART I

The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.

That is larger than all US equity and Treasury markets combined!

Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet.

The Forex Market is very different than trading currencies on the futures market, and a lot easier, than trading stocks or commodities.

Whether you are aware of it or not, you already play a role in the Forex market. The simple fact that you have money in your pocket makes you an investor in currency, particularly in the US Dollar. By holding US Dollars, you have elected not to hold the currencies of other nations. Your purchases of stocks, bonds or other investments, along with money deposited in your bank account, represent investments that rely heavily on the integrity of the value of their denominated currency the US Dollar. Due to the changing value of the US Dollar and the resulting fluctuations in exchange rates, your investments may change in value, affecting your overall financial status. With this in mind, it should be no surprise that many investors have taken advantage of the fluctuation in Exchange Rates, using the volatility of the Foreign Exchange market as a way to increase their capital.

Example: suppose you had $1000 and bought Euros when the exchange rate was 1.50 Euros to the dollar. You would then have 1500 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with.

Example:

You might see the following:

EUR/USD last trade 1.5000 means One Euro is worth $1.50 US dollars.

The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

Are You Ignoring the Mobile Market It’s Time to Start Paying Attention

Are You Ignoring the Mobile Market? It’s Time to Start Paying Attention

The mobile market is huge and it’s only growing. Sales of mobile devices are skyrocketing and some experts predict the mobile web may become THE web of the future. Unfortunately, lots of businesses are ignoring this trend and paying the price. Are you one of them?

Let’s look at some stats. According to the firm Gartner Inc., mobile purchases will increase by 70% by the end of 2012. Late last year, Econsultancy.com reported that as many as 70% of small businesses still don’t have a mobile site. This means a staggering number of businesses haven’t caught on yet.

My Site’s Not the Mobile Market Type

In the past, everybody thought that only certain types of sites needed a mobile version. If you were offering location-based services or services people use when they’re on the go, you need a mobile marketing site. Otherwise, it’s a waste of time. But now mobile web surfing for all kinds of services is increasing and people are using their mobiles for everything they do online.

People have always used mobiles to find key information like where to get lunch or how much a purse is selling for online. Now they’re digesting web content like articles and videos, shopping for all kinds of goods, and interacting with friends on social media. There’s nothing they DON’T do on mobiles, which means every business should have a mobile site.

Building a Mobile Market Site Is a Pain!

While creating a mobile site requires some investment on your part, it’s not tough at all.

You could even argue that building a mobile site is easier than a PC site. The design should be minimal, with less text and smaller images. Navigation is simple, with everything being a page or two away from the front page. Mobile design is about minimalism and doing more with less.

Where Do You Get Started?

If you’re clueless and intimidated, here’s a great way to get started on your mobile journey – buy and use your own mobile device. Once you start surfing the web from a handheld screen, you’ll see how it’s different. You’ll understand quickly how your site needs to be designed.

You’ll also learn about how your customers use their devices. For example, when you’re on a PC, you’re likely to be multitasking. You’re sitting at your desk with the TV on, and you come and go. When you’re on your smartphone, you’re much more focused. Your attention is on getting it done. You’re looking for key information and once you find it, you’re on to something else.

The mobile revolution isn’t something to fear. It’s something to embrace. And if the Econsultancy.com stat is accurate, there’s a good chance your competitors haven’t gotten started on their mobile market site yet.That means it’s a great window of opportunity for you if you get started and beat them to the punch.

Get your site ready for the Mobile Market.

Tips To Start A Loan Modification Business – Start Within Days

Get ready to be a part of the most booming industry in today’s economy. As a loan modification consultant you can start making thousands of dollar while helping home owners lower their mortgage payment and save their homes. You can start from home or from your office with little or no investment. Here are some tips and steps you can take to start a loan modification business within few days.

First decide a name of your loan mod company. If you already have a business then you can use the same name. Go to your city county office for occupational licenses and permit. Fill out necessary forms. Pay registration fee.

Get a new phone line under your loan modification company name or use home phone number. Get a fax or sign up with a online fax service which will only cost you around ten dollar per month.

Open a business bank account with your local bank.

Next Step is to get all the knowledge you can about home loan modification.

Next step is to spread the word about your new service. Tell all your friends, family members and neighbors of your new mortgage modification service.

Beside these steps there are few other things you will have to learn. For example how to know if the client will qualify for mortgage modification? What are the lenders loan modification guidelines? How much fee should I charge my client? How can I accept upfront fee? What types of forms are required to submit to the lender?

After learning most of the above information you should be able to start up your own loan modification business without have any obstacle come on your way. Before you get started in the mortgage restructure business, you need to research all of the different aspects of the industry, just to be sure you understand what you’re getting into.