Month: July 2021

Role Of Personal Financial Planning

So what role does personal financial planning play? It can be quite a lot to think about, but in essence, it simply asks the question of “What is personal financial planning”. Another question that it asks is “What is in it for me?”. Anyway, what should your personal financial plan consists of? The following information is a guide for the individual and one should take note of individual circumstances in their own context.

Basically, personal financial planning will take into account the following areas: budgeting, savings and investment, insurance, management of “big-ticket” items, cash-flow management. A good financial planning book will let you know that a good financial plan starts with budgeting, and it is true. A budget enables you to decide how much you can spend and keep. Of course, the main idea is to ensure that your outgoings (expenses) do not exceed your incomings (income). This will create excess funds with which to save and invest.

Savings and investment are similar, yet different in its objectives. Both are money left over; after your expenses are deducted from your income, and kept for certain objectives. But that is where the similarity ends. The difference between both lies mainly in their objectives and time frame. Essentially, savings are meant to be and can be withdrawn at a moment’s notice or within a short time-frame. The returns from savings tend to be quite low. Just think of how much your bank savings account can get you. Investments tend to be less liquid (depending on the type of investment instruments) and have a longer time frame. The returns from investment can be much higher than savings, but so is the risk level. Depending on the type of investment, one may lose even the capital sum.

Insurance must definitely be part of robust personal financial planning. A big portion of the role of personal financial planning is to make sure that one has the ability to carry on living in case of some unfortunate events, both big and small. In essence, insurance provides a safety net to provide some form of financial assistance when one meets with events like accidents, disabilities or illnesses. One major way which insurance can help is that it also provides peace of mind, knowing that financial assistance is at hand in the event when things do not go the way it should be. This peace of mind leaves one with the energy and confidence to move forward to do the things we need to do.

Think very carefully when deciding on purchase for “big-ticket” items. These items could really be essentials like houses or cars for transportation. Yet other items may be considered luxury items like expensive sound systems. There is really no right or wrong answer on what are the “right” items one can purchase. Everybody buys things for for their own reasons – some which may seem totally irrational to outsiders. However, as a guide, the main rule of thumb in personal financial planning is never to put out cash for something you cannot afford.

Making purchases on credit is usually not a good idea. The credit card companies do a marvelous job of convincing us that spending on credit is alright and that we should not delay our purchases until we can afford to buy them in cash. Spending future money (that is what spending on credit means), and in the process chalking up consumer debt is really not sound. Usually, the right choice will be to delay the purchases until you can afford to buy them with the money you already have.

There are of course exceptions to this rule of thumb on financial planning. But the exceptions are not many. One main exception is the use of credit to purchase a property to stay or for investment. Not many people can afford to pay up a house purchase at one go. A person may have to wait a whole life-time if he intends to wait until he can fully pay for it in one lump-sum cash. Buying property for investment may be a good idea if you know what you are doing. The essential is that what you pay to the bank in bank loan and interests is more than offset by the returns on the property purchase. This is the concept of using “other people’s money” to make money for yourself. There are a lot more details to look at in this type of investment. So do proceed with much caution.

The role of financial planning is simply this – to allow you to follow your own personal financial plan based on your own financial and non-financial situation so that your financial objectives at various milestones of your life can be accomplished. It helps to lessen the unexpected, so that one would not meet with financial tragedies like nightmares come true.

Key Benefits of Hiring Financial Advisors

When it comes to finding a financial advisor in Sydney there are four important benefits that everyone should understand.

Benefit 1: Mental and physical freedom
From family obligations to personal commitments to work commitments there just does not seem to be ample time in the day to get all the tasks completed. Depending on your individual lifestyle, you may or may not get the additional time to think for your future, organize and monitor your financial happenings with confidence. Working with a trusted financial advisor in Sydney gives you a course of action and gives you time to free up for enjoying activities that can add spice in your life.

Benefit 2: Simplification
The financial services in Sydney are filled with complicated investment products, theories and concepts. Knowing what should be considered for an individual situation along with what should be neglected is a difficult task. There is less or say no information available to investors now a days, and the foremost important challenge is searching through all the irrelevant and unnecessary information to use the small amount of information that you may require. Working with a trusted and reputed professional can give the benefit of saving your time of searching the internet, reading the articles, and trying to locate the answer on your own from the series of sources available. By hiring the planner you can save both your time and energy to focus on other important tasks in your life. Your financial advisor can also assist you understand the risks and complications you are taking with your hard money and how they can cause impact your financial security.

Benefit 3: Financial planner helps in giving you use unknown and known investments
When for the first time you start investing, you can utilize managed funds or individual stocks. But time and time, as your finance increases, you may notice that some of the attributes of these investments may not favor your individual situation and needs.

By working with a reputed firm, you may also get access to many additional investments for instance alternative investments. Such investments can help further to diversify your portfolio and will provide additional individual benefits within your current situation and risk tolerance as well as investment strategy.

Benefit 4: Keeping Score
One important challenge that you may be dealing with is maintaining score. Knowing how your investments are doing on a regular basis and by determining your progress in relation to your objectives and evaluate that performance against benchmarks can be both time evolving and confusing.

Working with a professional can help to simplify this process. Not only this, this would be perfect for your financial planner to keep record of all money entrusted to an individual over the lifetime of your relationship. In this manner, you can know over time, whether value of your money is being created or destroyed. So, without wasting any further time you can hire the best.

M&g Poliester Sa (rhds3) – Financial And Strategic Swot Analysis Review

May, 22, 2014 : Company Profiles and Conferences presents a Company Report on “M&G Poliester SA (RHDS3) – Financial and Strategic SWOT Analysis Review”, who helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.


M&G Poliester SA (M&G Poliester), formerly Rhodia – Ster SA, is a Brazil-based chemical manufacturing company. It is a part of Mossi & Ghisolfi Group. The company carries out the developing, manufacturing, and selling of a variety of polyester fibers for the textile industry and resins for polyethylene terephthalate (PET) packaging. The polyester fibers produced by the company are used in pillows, toys, upholstered furniture and cushions. The company manufactures polymers that are used in several applications such as engineering plastics and non-textile films. M&G Poliester operates through two division, namely, Resins for Pet Packaging and and Fibers for the textile industry. The company operates its PET Packaging resin division through two major brands, namely, Cleartuf Max and Cleartuf Turbo. M&G Poliester is headquartered in Sao Paulo, Brazil.

This comprehensive SWOT profile of M&G Poliester SA provides you an in-depth strategic analysis of the companys businesses and operations. The profile is bring to you a clear and an unbiased view of the companys key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms is the part of Profile on Demand service, covering over 50,000 of the worlds leading companies. Once purchased the highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of M&G Poliester SA including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including,

– Business description A detailed description of the companys operations and business divisions.
– Corporate strategy Analysts summarization of the companys business strategy.
– SWOT Analysis A detailed analysis of the companys strengths, weakness, opportunities and threats.
– Company history Progression of key events associated with the company.
– Major products and services A list of major products, services and brands of the company.
– Key competitors A list of key competitors to the company.
– Key employees A list of the key executives of the company.
– Executive biographies A brief summary of the executives employment history.
– Key operational heads A list of personnel heading key departments/functions.
– Important locations and subsidiaries A list and contact details of key locations and subsidiaries of the company.
– Detailed financial ratios for the past five years The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
– Interim ratios for the last five interim periods The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Key benefits of buying this profile include,

You get detailed information about the company and its operations to identify potential customers and suppliers.
– The profile analyzes the companys business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.

Understand and respond to your competitors business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
– The companys core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.

Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
– Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.

Scout for potential investments and acquisition targets, with detailed insight into the companies strategic, financial and operational performance.
– Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Gain key insights into the company for academic or business research.
– Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

How To Manage An Online Banking Account

An online banking account is a highly convenient way of managing your bank account. Almost anything that you can do in person at the bank can now be achieved by online banking. Its smart, convenient and banks are doing everything possible to make this a safe process. In fact, the convenience of internet banking has made offshore banking a very popular option. Customers from around the world now take the advantage of offshore banking to store their wealth in tax havens and enjoy higher interest rates. However, a part of the responsibility of your account security depends on you too, and you should definitely never disclose your password or forget to delete the cookies from the computer, even when you are using your personal computer. Having taken care of these measures, complete security of your online banking account can be guaranteed. Presented here are three other suggestions to ensure that your account safety is never compromised.
Research the security measures on part of the bank
Check out the security measures that are employed at the banks end. Does the bank provide you with a changeable password, and a PIN (personal identification number)? Is there additional security measures employed at the bank like biometric scan etc. to ensure complete confidentiality? Will the bank ever send you emails disclosing your password or asking you to disclose your password? How many times can you put in a wrong password before your account is blocked for the day? Is the online banking facility available 24×7? Will an able customer service representative always assist you? Will the customer care person ask for your password? Asking these questions is mandatory before opening a personal online banking account.
Account protection from your end
Apart from never divulging your password and other important info, there are certain very important steps that you should take. For instance, you should definitely install a good anti-malware program in your computer. There should be multiple tiers of protection in your personal computer, to ensure complete protection. Employ simple tricks like using the virtual keyboard to click your account details instead of the actual keyboard. Never click on any link in a mail that is sent to you on the name of your bank or open an attachment. These may as well be potential malware programs. These steps ensure complete safety of online personal banking.
Other key benefits of personal online banking
One of the key benefits of online banking is the idea that you can actually track your transactions in real time. No longer do you have to contact with the bank to know the status of your transactions. It can be known easily by your personal online banking account. In addition, this is almost always a free service as most banks do not charge any extra rates for online transactions.

Which Is Worse–Debt Settlement Consolidation or Bankruptcy

Many lawyers will take loads of cases, leading their clients into bankruptcy, rather than helping them to find a solution. The lawyers are paid large amounts for their work; therefore, they are out to make a buck in most instances. Now, if you are in debt and need help, you should make a visit to the attorney’s office as your lost resort. There are a number of solutions for settling your debts, including debt management, debt consolidation, debt negotiation, and even do-it-yourself strategies.

In other words, if you want to cutback, find ways to make extra cash, work toward paying off your debts to avoid bankruptcy and the subsequent lawyer fees.

If you have recently ruined your credit or filed for bankruptcy, repairing your credit is the most important thing you will ever do. If you have bad credit, it will always be hard to get an apartment, to get a house, to refinance a loan, or to get any other form of credit loans, including even credit cards.

Similarly, if you have not established credit, it is frequently easier said than done to get a line of credit from most banks. Consequently, it is imperative that you protect your credit rating. There are more than a few ways to build credit, as well as to repair credit. If you are repairing your credit, it will usually take around six months before most banks will allow you to apply for a loan; however, since more than 4% of the population is in debt, companies are coming up with solutions to help these debtors out.

United Way and Credit Unions have joined together to help millions resolve their credit issues every single day and get out of debt. If you want to rely on an honorable source to help you, then United Way or Credit Unions for debt consolidation are your best bet.

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