Month: January 2019

How To Become A Successful Financial Service Professional Or Research Analyst

In todays world, more and more companies are on the look out to employ financial consultants to effectively meet the accounting/investing needs of their corporation. Hence, job opportunities for a financial consultant are significantly on the rise. By becoming a financial advisor, one can set foot into the exceedingly dynamic sector of financial management and planning.

In the domain of financial management and planning one can find jobs such as a :-

Financial service provider

Research analyst

Financial consultant

Whilst hiring a the following skills and capabilities are sought after by the employers-

In the highly dynamic field of financial management and planning a professional must have the ability to attend to detail, organise and handle multiple tasks together.

The capability to find out the logic behind a problem or situation is a must for financial consultants.

An upcoming financial advisor must be competent in the monitoring of securities, trading of money and analysing of the stock market. A Financial service professional must have the ability to recognise trends in the stock market and generalise from it, rationalise the reason behind the trends and predict the time period of these trends. This process is beneficial for both corporate and personal investors to make informed decisions.

A vital aspect of the domain of financial services is to help customers understand the market and to make secure and precise predictions. It is to be noted that making predictions about future trends is often indistinct and at times can be risky. But the skill of a good financial service professional is that he has the ability to foresee significant features of the market and has a good overall perception of issues that are likely to affect this market.

Assisting private investors is a major part of the work profile of a financial service professional. Hence the financial professional is expected to have specialised knowledge of tax laws, alterations that are probable to take place to the existing tax laws and influence of these changes on estate planning / investment.

A good understanding about investments/insurances/complexity of the stock market is a vital skill which is required in order to be a successful financial service professional.

Good communication skill is also another crucial factor for becoming a proficient finance professional.

The qualifications required to work as Financial Service Professional is a Bachelor’s Degree in Business Administration or Economics or similar. Additional knowledge of global markets and corporate finance, in-depth know how of economics and analysis of risk, trading in the forex market and commodities market is an added benefit.

These are the basic skills you ought to possess for exploring your opportunities in the wide arena of Financial Management and Planning and becoming a Financial Services Professional.

Financial Fraud Investigation A Quickly Developing Field

With Bernie Madoff almost getting away with the biggest ponzi scheme in American history, casinos being hustled by experienced gamblers and tax evasion becoming common place, the field of forensic accounting and financial fraud investigation continues to expand. Successful analysis and findings reported by practicing professionals may be the difference between whether perpetrators avoid detection or are brought to justice. In most cases, success is directly and primarily dependent upon the knowledge, skills and abilities of the professionals performing the work. Those interested in entering this field and becoming: forensic accounting/litigation consultants, tax auditors, gaming investigators, insurance investigator, bank investigators and internal auditors may want to consider attending Centennial Colleges Financial Fraud Investigation program.

Taking just one year/ two semesters to complete, this fast-paced offering is geared towards mature students who have already completed college diploma or university degree in any discipline. Aside from having to submit an official transcript demonstrating proof of successful completion of a post-secondary diploma, applicants may also be required to provide proof of English proficiency. Please note that applicants who present a combination of partial post-secondary education and relevant work experience will be considered but they must be able to submit a transcript and have their resume reviewed.

Through small classes that offer hands-on training, the Financial Fraud Investigation program provides students with the essential skills and knowledge in forensic accounting and investigation techniques, equipping them to work in entry-level positions in the field of forensic accounting and audit investigations within the public or private sector. As such, in the first semester students take courses such as: Introduction to Fraud Examinations, Financial Crimes Investigation, Introduction to Intelligence Gathering, Financial Institutions & Identity Theft, International Legal Elements and Professional Court Presentation. Meanwhile, second semester Financial Fraud Investigation courses include: Advanced Fraud Examinations, Forensic Accounting, Investigative Methodologies, Ethics and Fraud Criminology, Practical Fraud Investigation and Case Management, and Interview and Interrogations. All courses solely focus on preparing students for speedy entry into the field.

Teaching these Financial Fraud Investigation topics are faculty members who have experience in the industry and are able to share their own personal stories, help students to network and offer advice with confidence. In addition, students from this offering study at Centennial Colleges largest location, Progress Campus. This campus houses other financial and business programs, allowing for peer interaction as well as networking.

In addition to receiving an Ontario College Graduate Certificate, content taught in the Financial Fraud Investigation program also prepares students for the Certified Fraud Examiner examination. Graduates are also comfortable carrying out tasks such as: investigating and analyzing financial evidence, testifying as a witness, becoming involved in criminal investigations and uncovering financial evidence in employee or insurance fraud cases, and investigating in the rapidly evolving area of computer fraud.

Manage Home Loan with Easy EMI

Home Loan is a Secured loan offered against the security of a
house/property which is funded by the bank, the property could be a
personal property or a commercial one. It is a loan taken by a borrower
from the bank issued against the property/security intended to be bought
on the part by the borrower giving the banker a conditional ownership
over the property i.e. if the borrower is failed to pay back the loan,
the banker can retrieve the lent money by selling the property. Home
loans are an attractive and popular means of buying a dream house for
most people. In India, the demand for home loans has increased manifold
in the last decade. Every day numerous people apply for home loans to
own a perfect abode for themselves. The fact that home loans come with
added advantages (like tax benefits) is the icing on the cake.

Interest rates on home loans for new consumers have come down by around
four per cent since September 2008 but consumers who had the misfortune
to take their loan before that have only seen their rates drop by
around 1.50 per cent to 2.25 per cent.

Home loan India can
primarily be classified into two categories on the basis of interest
rates i.e. fixed rate and floating rate of interest. There are very few
lenders in India who offer pure fixed rates where the rate of interest
remains constant for the entire tenure of the home loan, while most
lenders have a reset clause of 3-5 years. In floating home loan type,
the rate of interest on such loans is subject to change whenever there
are changes in the repo rates announced by RBI or any changes in base
rate of the bank. Borrower should opt for fixed interest rates only if
she/he is certain that the rate of interest is the lowest in the
interest cycle.

Home loans in India are provided by the lenders
up to maximum of 80% (90% for loan amount below Rs 20 lakhs) of the
agreement value of the house. In case of home loan for resale flats,
most lenders get the property valued independently and they will provide
the housing loan based on their value rather than the cost mentioned in
the purchase agreement. Frequently, the valuation as determined by the
banker’s valuer for the purpose of home loan is significantly lower than
the actual cost and hence the requirement of the borrowers for down
payment for the loan goes up. Also note that banks do not consider other
charges like Stamp Duty, Registration Charges, etc. while considering
the home loan amount eligibility.

Home loans are repaid through
monthly installments (EMI) spread over up to 20 years. Some of the banks
provide housing loans even for a tenure extending up to 25 – 30 years.
The maximum tenure of any loan and home loan specifically is also
restricted by the borrower’s age at the end of the tenure so as to
ensure that the loan gets fully paid by or before the retirement age.

Home loan eligibility depends up on various factors. A few of them are listed below –

House is the ultimate dream of every middle class family. Government
gave encouragement for house finance subsidiaries by offering number of
tax concessions to individuals. With the overall encouragement given to
this sector, a number of players entered in housing finance.

of the most important benefits of taking a home loan is the interest
rate that is allowed on the home loan. Fixed and variable interest rate
options are also available for home loans. If you can handle risks and
are willing to go the extra mile to benefit from any further fall in
interest rates, floating rate home loans will be best suited for you.

Forex Education As A Way To Gain Wealth

There’s a lot of money being made on foreign currency exchange (forex) markets these days. Using forex education to gain wealth can be a good opportunity for somebody looking for a bit of excitement. It also presents a chance for good income potential. The first thing a person who wants to try his or her hand at this kind of trading should do is seek out organized forex training courses. Many forex brokers offer it to large groups. It can also be gotten through adult education programs or even online.

Foreign currencies are traded in foreign exchange currency markets, called forex. Any bank or large entity seeking to exchange an amount of currency they may be holding can go through these markets to find the particular currency they’re interested in gaining. They get that currency by trading an agreed-upon amount of the currency they’re already holding. It’s rarely a one-to-one swap.

There’s usually a per-transaction profit to be made, and this is where brokers and traders come in. As in any market, there’s an element of risk and it can take a bit of nerve to help make these transactions, but the money can be quite good.

Forex traders of all persuasion find the business personally and professionally exhilarating if things go as planned and expected. For a good trader, annual income can be well above average. Take advantage of all the educational opportunities involved in learning how to work forex markets before diving into them, though.

Many times, forex brokers offer group courses, for a fee – and sometimes for free – to those interested in learning how to trade forex. If this is the way you’d like to gain your forex education, make a careful search of the Internet and check around for the most reputable and conscientious brokers. There can be a great deal of information to assimilate, so if you expect to do well, you should also expect to have to study a bit.

There are also study-at-home courses you can order or download from the internet. In many cases, the best education can be gained from studying in the comfort of your home, away from the distraction and hard-sell you might see in a large group training session conducted by a broker. The best courses always offer some form of one-to-one tutoring or online reference help.

If you don’t have the stomach for a little drama and high-wire dancing, it’s not recommended that you engage in forex trading, at least initially. Make sure your comfort level and acceptance of a bit of risk is well-established before you begin. Good forex education can help you prepare yourself to be a trader in these sorts of markets, so make sure you invest your time wisely. If can pull that off, you’ll be well on your way to possible wealth.

Get Rid of High Interest Credit Card Debt Now

Credit card debt is spiraling out of control and now accounts for $1 trillion worth of US consumer debt alone, so how can this debt be tackled. Firstly, the use of credit cards must be stemmed; millions of Americans are using their cards to pay for groceries and household expenses and treat their card as their wallet rather than a source of emergency funds. The credit card companies have been prolific in their encouragement of this type of card use and the end result has been that many Americans are paying minimum payments every month and will never clear their credit card balance.

Personally I don’t like the idea of paying $100 for a 50c can of pineapple chunks, sounds like an exaggeration doesn’t it? But, the truth of the matter is that you will eventually pay well over the odds if you do not clear your credit card balance in full.

If you are one of the millions of Americans facing an uncertain future because of potential employment issues or the economic situation then it is probably wise to look into methods to reduce your outgoings and gain control over your credit card debt. One of the best methods of doing this is to consolidate credit debt by applying for one of the many consolidation products currently available.

Debt consolidation companies offer loans that will normally equate to the sum of your total debt therefore allowing all of your debts to be paid off and leaving you with just one loan repayment a month to worry about. The end benefits of credit card consolidation are control and much lower interest rates.

There are methods however, that the financial institutions do not want the general population knowing and using about, as it would cause them to lose millions of dollars every year in unpaid interest. These methods work brilliantly when used with a consolidation loan and are both legal and ethical and will allow you to pay your debt off in a much shorter period of time, so before applying for a consolidation loan you really need to check these methods out.

You could also look into applying for a piece of the $10 billion bail out fund that the US government has provided to help those in debt. If you visit you should be able to acquire the information required to apply for a grant; the secret to getting these grants is perseverance, if you get turned down, don’t worry, keep trying until your grant application has been approved.

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