Robo advisors are computer-automated investment platforms. They help people make investments, even if they don’t have a lot of money to manage. The investments recommended are usually based on your risk tolerance, age, emergency fund, and even retirement goals. Many people are turning to robo advisors because of their low costs. Also, the services are automated, meaning all the information you get will be objective.
Moneyfarm was started back in 2011, and it has since grown to become one of the biggest wealth management service on the internet. Their investment services are divided into three products: Stocks and Shares ISA, General Investment Account, and Pension. The Stocks and Shares ISA allows you to make investments without getting taxed. The General Investment Account does not give you these tax benefits, but it also doesn’t have contribution limits. If you want to invest for retirement, you should use their Pension products. You can choose to consolidate all your pension investments to Moneyfarm for easier tracking. Using their pension services will give you significant tax benefits. It is important to note that all the services offered by Moneyfarm are regulated by the Financial Conduct Authority in the UK.
Wealthsimple is another highly popular robo advisor. It was founded in 2014, but it was officially launched in the UK in 2017. This service allows you to invest as little as 1 Euro, and the fees are very low. Unlike other robo advisors, Wealthsimple does not stop you from investing if you … Read More . . .
When starting your own financial market trading business from home, you need to add an extra layer of discipline to your strategy as you’d still need to run the household while working. According to one of the top financial advisors at Jones Mutual, one of the main reasons for home-based market trading business failures can be attributed to mismanagement. With that said, let’s have a look at some of the mistakes financial market traders make when running their business from home as well as how to avoid them.
Trading without a stop loss
If you are working from home, there are a number of chores you need to complete before or after your trading day is over. Keeping that in mind, you won’t be able to sit in front of your computer the entire day to keep an eye on the financial markets. You can choose to receive mobile notifications while you’re not at your workspace but that does not stop you from losing capital. However, with a stop loss, you can put confidence in the fact that should your trade be unprofitable, you won’t lose all the capital in your trading account.
Averaging down your day trades
If you open a trade and you see the market moving against you, you might want to jump to unnecessary lengths to try and save your capital. This is called averaging down and in the long run, will cost you a pretty penny. Averaging down entails opening a trade and when … Read More . . .
Yes, nothing in life comes easy, as we all will know. Likewise, when making day trading your full-time or part-time job, you can also encounter difficulties. Luckily, one of the top financial analysts at Olsson Capital identified some of the top day trading difficulties and provides traders with easy solutions for each of them.
There are too many markets you want to trade on
Traders often feel like tumbleweed when it comes to trading as the amount of information out there is completely overwhelming. With so many different markets to trade on, each with their own risks, day traders can easily feel pressured to trade on as many markets as they can. This, in turn, turns into a snowball effect as the trader can no longer keep track of all the markets traded on and may miss profit margins quite easily.
The solution: Before deciding which markets you want to trade on, learn as much as you can about those specific markets. Take into consideration factors such as market volatility, market strength and your own unique day trading strategy. Ask yourself the question, how will my trading strategy help me to trade this specific market and will it make my profit margins bigger?
A simple thing called Confidence
Many traders have huge difficulty when it comes to confidence in day trading. Having good confidence when executing a trade is essential as when you hesitate for even a second, you can miss your profit window.
The solution: The best way to … Read More . . .
Most peoplerecognise that in order to maximise the potential earning capacity of their savings, the best route to take is not a savings account in a bank. Having said that, many opt to try their hand at investments without thinking about the venture in detail. According to a senior financial analyst at Wilkins Finance, gone are the days that people trust a stockbroker. Many prefer to do some research online and then in direct proportion to their appetite for risk, take the investment plunge. This factual matrix almost always results in the making of mistakes, some more costly than others. They say that experience teaches wisdom but when it comes to one’s hard earned money it is perhaps better to consider some of the mistakes that first-time investors make and how you can avoid them.
Purchasing on the authority of unfounded tips
The source of these “tips” can be family members, friends or even professionals telling you that a particular stock is a must-have for your portfolio. The fact is that sometimes the tips actually relate to what could be nothing more than a passing fad and could result in colossal losses. So, to avoid this pitfall, you do your own research as a first step. With the pervasive nature of the internet, it is likely that you can find information about almost anything. Investors hate getting duped and post their personal experience with different stocks and other types of investments, which may give insight into whether it is … Read More . . .
Globalisation is now a part of our everyday lives. As the world is getting smaller, the markets are getting bigger. Today, even locally based businesses are able to approach international clients through their digital efforts and trade with customers and partners based practically anywhere in the world with ease, simply using their website. Nevertheless, before this is possible, a number of steps must be taken, and sometimes, it is easier said than done.
One of the most significant and vital aspects of taking your company abroad is reaching out to the potential customers in their native language. A step, which is continuously overlooked by a number of business owners looking to cut costs. Although an initial investment is indeed necessary while working with a translation agency, the return on that investment can be truly great. Nowadays, the old ‘one-for-all’ approach simply doesn’t work anymore. Both, your services/products as well as marketing efforts must be localised specifically for the audience you wish to address.
According to a recent study, over 90% of European customers prefer to shop online if the information on a website is available in their first language and over 50% of them rarely or never buys goods on websites with information available only in English.
As you can see, the statistics clearly indicate the unquestionable importance of translation services.
Working with an expert company specialising in providing language services, whether it’s translations, localisations or transcreation services, will allow you to approach your chosen overseas market with a tailored … Read More . . .