Corliss Online Financial Mag: Tips to become financially fit

Following are few easy tips made by Corliss Online Financial Mag that will help you move forward toward financial security and make your dreams become reality.

Put aside time and energy to talk

The first step to finding common ground with your finances is to take time to talk about money. Define your values and goals together with your family and clarify the difference between needs and wants. Don’t wait for a financial crisis to happen.

It is vital to instruct the children about the value of money and how to use it responsibly.

Make a budget

With your established values, you are now ready to create a budget. There are some tools out there to get you started such as Mint or You Need A Budget (YNAB), but a Microsoft Excel document will probably do the job. Choose something that you are comfortable with and actually work for you. Set a time every month to check in and evaluate your goals as well as your progress. Make adjustments or improvements based on your situation.

Pay your debts

Lots of individuals in debt feel trapped and bogged down, but always remember that even small steps can have a dramatic effect on financial stability. Just pay small amount above the minimum payment each month. As little as $15-$25 more could help you pay off a credit debt five to ten years sooner.

Use a flexible spending account

Assess with your employer. Several companies allow you to take money out of your paycheck pre-tax to pay for expenses such as health care. However, make sure that you only take out what you need.

Save for retirement

Due to compound interest, your money increases dramatically over time. A small contribution now can mean larger returns later.

Prepare for abrupt problems

Consider the things that can have a huge effect on your life later on. Build an emergency fund, set up a life insurance policy, and open a 529 plan — defined by Corliss Online Financial Mag as a tax-advantaged method of saving for future college expenses that is authorized by Section 529 of the Internal Revenue Code — to begin saving for your children’s education.

Corliss Online Financial Mag: P&G to Sell 100 Brands

Consumer goods manufacturer Procter & Gamble confirmed last week that they plan to sell off a total of 100 brands, suggesting deeper cuts than originally reported.

P&G confirmed they have finalized deals for 35 brands out of 100 that they are expecting to sell by 2016. The troubled company is also expecting to sell those brands that have collected a total sales in the USD 10 billion mark, contrary to the USD 8 billion it has previously announced.

According to Jon Moeller, P&G's Chief Financial Officer, the brand divestitures could reduce their annual sales by as much as 14% -- a pretty big difference from the original 10% estimate loss in total revenue.

Meanwhile, other officials of the company confirmed that those decisions are already the 'refined' version of their original plans and that they are only trying to consolidate their brand portfolio.

Most of the brands shortlisted in its divestiture plans have already been sold on account of their low performance. But Moeller is quick to point out though that the brands they are selling are not necessarily weak ones -- they are just underperforming in the eyes of the management.

P&G has previously sold its pet food brands along with a handful of laundry and beauty brands. According to experts, Wella salon and Braun appliances are next on the list. According to Corliss Online Financial Mag, the largest potential divestiture yet is the Duracell batteries to Berkshire Hathaway, owned by billionaire Warren Buffett. The battery maker reportedly generates USD 2.6 billion in revenue per year.

Procter & Gamble's CEO Alan Lafley said in a conference that they expect selloff to be completed in 5 months. He added, "We have had a lot of interest in the assets we want to dispose."

Corliss Online Financial Mag has previously reported Lafley announcing last year that P&G plans to concentrate on around 70 brands as a core group of the company.

Corliss Online Financial Mag Investing in small business ventures

What can an individual who lives on a small salary do to invest and augment his income somehow? Here are some tips to follow:

1. Invest in something close to your heart

Whether it is in music or cooking, investing in a small venture will have a greater chance of surviving and even achieving reasonable success if it involves doing something close to your heart or within your experience as a person or as a worker. If you work as a waiter, why not learn as much as you can about some way of improving a recipe or a drink and come up with your own sideline you, or with a partner, can run during weekends or after work?

We hear this advice often and yet not many take it to heart or are brave enough to actually do it. Many feel it takes too much effort and money to start a business. This is not true, in general. Making a single unique jacket or fashion accessory and selling it can be the one step you need to encourage yourself to make more. Even a used item such as a broken sofa, if repaired and furbished to look attractive might bring you some income you never thought you could have from what you already have.

Oftentimes, all it takes is a lot of imagination and a dose of courage to jump right ahead on a new venture you never tried before.

2. Learn the basic math

Any business, small or big, will depend largely on good and proper basic accounting. Learning the fundamental methods of bookkeeping will go a long way to controlling the flow of resources and understanding the nature of your business finance. We all knew about the Chinese who, for many centuries, used the abacus to make sure they got the entire math figured out. With the calculator or the PC today, the job has become even easier and more efficient as we can keep records as well of our transactions.

Still, there are other tricks we can avail of to make the task easy and more enjoyable. Finger-Math can be a tool one can learn and use during those hectic moments when technology Is not around to your aid. Mental math is a trick we can also develop to enhance our acuity in this area. Whatever suits your personality and style, make sure the math is a primary focus in your business. Remember, math is but a tool to make your work easier; but loving the work can make a lot of difference in how you conduct the business.

3. Know you product

Knowing your product is as important as how much you price it eventually. You may have a good round figure for your product’s price; but if you have not truly known your product (what it directly provides, what value it adds to its user, how it can be enhanced beyond its basic use), you will not fathom its true worth for you and for your customer.

Knowing your product goes beyond appreciating its innate value. Peanut butter is not just for making bread taste better or eating by itself. It can also be used for adding flavour to other recipes or with other food (try it with banana). And unless you tell people it can be used as so, they will never discover its other uses. Advertising or showing it in your packaging can be the step you need to do to enhance your product’s value and appeal as well as its price.

4. Know your customers

Not all people will want to buy your product or service. How to change their mind is the challenge you must never give up on. Changing your approach may allow you to capture certain customers you know patronize other brands. Price reduction, although it is not always the best thing to do or other come-ons, such as giveaways or freebies, may help promote your product in certain market locations you wish to capture.

Talking to people and being sensitive to their needs will help you get a clearer picture of your prospective customers.

5. Know your competitors

Knowing your customers will teach you how to appreciate and know your competitors indirectly as well. If you feel your product is better than your competitors and yet you cannot break into the bigger share of the market , then there must be something wrong with your product or your marketing approach.

Companies who have been in the business for many years have a lot to teach you how to go about your own venture. Get as much information from them directly through visiting their stores and factories or indirectly through reading books, magazines and websites.

6. No matter how many competitors you have, you can still join in if you are unique

Unless every corner in your area has a small variety store, you can still put up your own as long as you provide a unique feature in your business. Delivering your product while others wait for buyers can be your advantage in these busy times. Or, you can have orders picked up at certain times to encourage people to buy fresh vegetables, fruits or meat, for instance. The trick is to make your customers feel special and given a personal touch. Adding something nobody else provides may be the advantage you need to keep the competitors behind.

7. Find out what works for you and your product

Eventually, you will have to experiment and make a lot of mistakes as to how you can improve your product, your price and your style of operation. But things will change as economic and social realities also change ad adapting creatively will allow you to stay afloat. Being prepared for such eventualities ahead of others will help you reduce risks and manage your business well.

In the end, running a business may take more and more of your time and may lead you to give up your day-job. If you feel the time is right, then go ahead. Most business-people started that way. Make up your mind at the very start that the option is always present. It is just a matter of time when you will take the brave jump.

7 Tips Financial Advisors Wish You Knew

Getting help from a professional financial planner will not assure anyone fiscal security.

“So many people come to us undergoing financial trouble and believe they will be walk out absolutely problem-free,” says Deana Arnett, a certified financial planner and senior planning- expert at Rosenthal Wealth Management Group. “We can help them discover their needs and design the best financial and investment program; but the whole thing will only benefit then if they also become proactive.”

In terms of financial planning, Amanda Gift, a financial consultant working with Signature, advises her clients about the many variables that cannot be manipulated in the investment environment, although they can control their spending. “You cannot be in charge of what the economy will do or which direction the stock market is going to; but you can manage your expenses and what you buy and what you do not buy.”

Here are some guidelines that money experts want their clients to follow to achieve financial stability:

We Can Only Do So Much

The most efficient financial plans will only be effective if they are implemented by the client.

“A lot of people visit a financial adviser, and then after lengthy talks, get a book full of glossy paper with colorful charts that end up on the book stand, not put to practical use,” says Arnett.

Your Beneficiary Entitlements Could Disappear

Mike Piershale, president of Piershale Financial Group, states that many bank mergers during the 2008 financial crisis left numerous once-designated accounts, such as 401(k)s and IRAs, without a beneficiary.

“After these mergers, we have found several instances where the account beneficiary has been lost in the process of transfer; so we inform everyone who designated a beneficiary in the past seven years to look and make certain the beneficiary still exists.”

I Cannot Give Advice on Your Risk Tolerance

Piershale says financial advisors do not have the right to tell clients the level of risk should undergo when investing.

“We can only assist you how you can gage your risk tolerance, and then suggest a portfolio that matches your objectives.”

Once a client’s risk level is determined, Piershale states that the job of the professional advisers is to produce the best tax-friendly investment strategies. “Closing in on the right investment, in the right account, will enhance your tax savings.”

Your Emergency Savings are too High

Financial consultants agree that each person should have a minimum of six months of living expenses saved up and which can be easily accessed; but beyond that figure, you could be missing investment potential.

“Whenever I see so much money funnelled into a savings account which is making very little interest, I ask my clients if they are maximizing their opportunity to enhance their retirement accounts and after that, I suggest that they put their idle surplus cash sleeping in their checking account to a wiser investment alternative.”

You are Living far above Your Means

Gift reveals that many people often underestimate how much they are spending – more so in terms of high-price purchases.

“Usually, when people purchase things on a monthly instalment basis, they fail to see how much it will add up to after one year. They say, ‘Oh, $400 a month is not so much’; but they forget that it amounts to almost $5,000 in a year,” says Gift.

You Must Have an Estate Plan. . . No Matter How Old You Are

So many people look at an estate plan as a thing designed only for the rich, says Piershale; but he says every parent or anyone with whatever amount of assets should produce an estate plan.

“You want to ascertain that your assets are transferred to the people you desire to be benefitted, and more especially, you want to designate a guardian for your children in case the unthinkable does happen.”

Professional Financial Advice is not only for the Rich.

“The individuals who possess bizzillion dollars are not the persons who need me,” declares Arnett. “The stakes are so much greater when you have limited resources; because if you err in handling $50,000, the damage is much more catastrophic than when you do with $150,000.”

Spotify user numbers grow globally as company’s UK revenue falls

Spotify UK drop into the red last year, since subscription revenue fell and the music streaming service invested more in growth here.

When compared to 2011’s profit of £21 million, accounts reveal Spotify’s British arm made a loss of £10.1 million in 2012.

Down from £96.5 million a year earlier in 2012 it fell to £92.6 million, the online music streaming platform saw this revenue fall.

The decrease in revenue was partially down to its decline in subscription, which fell from £72.4 million to £64.7 million because of the alteration in the way subscriptions were booked.

A minimal increase was seen by UK advertising on the platform, rising from £8.1 million to £9.1 million to the year ending December 31. Sources say that subscription numbers have been growing strongly in 2013 thanks in part to partnerships with the likes of Vodafone.

Spotify UK declined to comment on its accounts but earlier in the year parent company Spotify Group said: “In 2012 the business focused on driving user growth, international expansion and product development, resulting in soaring user numbers and increased market penetration.

“Our key priority throughout 2013 and beyond remains bringing our unrivalled music experience to even more people while continuing to build for long-term growth – both for our company and for the music industry as a whole.”

With its operations in the thirty two countries around the world, Spotify lets users stream 10 hours of music a month for free with advertising or pay a subscription fee for unlimited, advertising-free listening. Naming Sony, Universal and EMI, and to date has paid out $500 million in royalties to artists, the company has signed deals with major record labels with the said records.

With 5 million paying subscribers Globally Spotify saw users leap from 11 million to 20 million in the year. UK numbers were not disclosed. From March this year figures demonstrate this has augmented to 24 million users and 6 million subscribers. In the previous year was the first year that digital sales make up for a decline in physical sales in the music industry.

Spotify UK, headquartered in London’s Soho district nearly twofolded staff in 2012, upwarding the company from 64 to 111 people. Spotify UK’s highest paid director took home £95,625.

Risk warning

Corliss Group Online Financial Mag does not legally have to publish this warning as we do not facilitate stock transactions; however we believe that as a stock-market based website, you should be aware that prices of shares can go down as well as up and making money is never a guaranteed thing.

Be always aware that past performance of a stock does not guarantee the same performance in the future.

Corliss Online Financial Mag does not take responsibility or accept any liability for any personal loss or materials shown on external websites.

Announcing the New and Affordable, Easy Access, PayPal Business Loan Options that Come Courtesy of BusinessCashAdvanceGuru.Com

Reasonable, convenient PayPal commercial loans can now be availed of, thanks to alternative business lender, BusinessCashAdvanceGuru.Com.

Small companies can be eligible to loans from $5,000 to $500,000 with interest rates as low as only 1.9 percent with no accompanying credit investigation.

Small commercial lending has dropped significantly from the Great Recession. All over the country, small-sized businesses are now discovering working funds, business loans, and expansion capital as difficult to acquire. “Forty-five percent of the 515 business-people who joined the advocacy group’s survey said availability of loans and credit at affordable rates is a hurdle for their companies. Access to funds was most hard in the Northeast, where 53 percent of the owners said it was difficult to obtain. In the West, 49 percent considered it a major obstacle, followed by 44 percent in the South and 37 percent in the Midwest,” reported the Seattle Post Intelligencer.

Conventional banks, including credit unions, have also increased their financing requirements as a result of several fresh federal stipulations soon to be enforced. Conversely, quick commercial cash loans are rising, with alternative lenders opening accessibility to low-priced business funds.

“BusinessCashAdvanceGuru.Com allows acquiring loan approval as rapid and as convenient as filing a credit-card application. The objective of offering access to commercial-grade funds quickly and easily to small companies all over the country is made possible through the alternative lender’s application of its proprietary commercial loan system.”

Large banks usually demand collateral equivalent to the loan value, a flawless credit record, as well as a personal guarantee submitted by the applicant. Approvals take weeks to complete, and candidate companies must provide prospective funders with many types of financial supporting papers.

BusinessCashAdvanceGuru.Com establishes its funding evaluations on business checking-account deposits and monthly average credit card sales. Amortizations are reckoned on a percentage of these kinds of company revenues. This automatically reduces monthly term payments during low-return sales months, and loans can be used for whatever purpose. These funds are readily accessible with loans directly released within seven days.

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Fed still has more help to offer the economy says Janet Yellen

Janet Yellen said in prepared remarks to be delivered in a confirmation hearing on Thursday that the Federal Reserve helped restart the economy after the recession, but still there’s more work to be done.

“We have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession,” reads the statement.

Yellen is at present serving as vice-chair on the Federal Reserve Board, she is nominated by President Obama to succeed Ben Bernanke as head of the central bank.

Bernanke’s second term ends January 31, and in spite of the protests from a few Tea Party members, Yellen is mostly anticipated to be long-established for the position before then. Ten in the morning Eastern, Thursday, her hearing before the Senate Banking Committee is scheduled.

Her comments don’t get into particulars about the Fed’s existing bond-buying program, however simply stress her commitment to “supporting the recovery,” toting up more openness and transparency to the Fed’s communications, and endorsing financial stability.

Since December 2008, the Federal Reserve has been trying to encourage the economy. In an attempt to lower long-term rates as well, that’s when it cut short-term interest rates to near zero and launched its first bond-buying spree.

The Fed is occupied in its third round of bond-buying, in which it purchases $85 billion each month in Treasuries and mortgage-backed securities five years later.

Yellen is currently daunting task if she’s established to serve as the next Federal Reserve chair: How to wean the economy off Fed stimulus at the right time.

Liberal economists dispute that if the Fed discontinues its stimulus too soon, job growth may well carry on at a devastatingly slow pace. The economy may still be too breakable to construct momentum on its own.

However, conservatives argue, that the Fed has done enough by now. They say inflation could take off rapidly, much of the Fed’s $3 trillion in stimulus over the last five years is still sitting idle in bank reserves, and if that money ever floods into the broader economy.

Yellen have a propensity to favor with the liberals and in Fed circles, she’s recognized as inflation “dove.” Her main goal, expressed in numerous speeches, is to get Americans back to work, and in her view, the Fed still has tools to improve the unemployment rate from its current level of 7.3%.

“Unemployment is down from a peak of 10%, but at 7.3% in October, it is still too high, reflecting a labor market and economy performing far short of their potential,” she said in her prepared remarks.

Share features explained

A share has several features that you should understand and get familiar with. The share features are enumerated and defined below.

·         Last Price - The last price the share was traded at.

·         Ask Price - The price at which you can buy your stock.

·         Bid Price - The price at which you can sell your stock.

Note: There is always a small difference between the bid and the ask price, this is where the market makers earn money.

52 week high

The highest price the share attained during the last 52 weeks.

52 week low

The lowest price the share attained during the last 52 weeks.

Stock ticker symbol

The ticker symbol is the abbreviated company name -- the 2-4 letter symbols beside the price of the share.

Examples:

·         MSFT = Microsoft

·         VOD = Vodafone

The ticker symbol is usually required when looking for a share. Ticker symbols are particularly handy online when entering shares into portfolio or watch list.

Volume

The volume of a share refers to the number of times the share has been traded within the day. The greater the volume, the more liquid the stock is. As such, the share is more stable since more people are willing to buy or sell the share. Meaning, it is a tradable stock you would want to acquire and then sell readily when you need to get rid of it.

If a stock has an average volume of 5 million, it means, on average, 5 million shares are traded daily.

Average volume is generally determined within a 90-day period.

Note: Low volume stock should be avoided when buying a share as it can lead to liquidity problems. This is because when you need to sell the share and no one on the other end wants to buy it, then the price can easily go down 0.5-2% or more before you can dispose of it.

Market capitalization

The market capitalization refers to the worth of the company based on its issued share capital. The formula for computing market capitalization is (share price X no. of shares in issue).

Companies with huge market capitalization can directly affect the trend of the stock market, particularly in the UK where there are fewer companies and where the bigger companies take up a large percentage of the total market capitalization.

The market capitalization of a company is a measure whether it makes it into certain indices or not, i.e., FTSE 100. In general, the lower the market capitalization of a company, the less liquid its share is.

Note: To get the hang of the notion of shares, I suggest opening up a free practice account. You can trade shares with 'virtual' money, which allows you to practice trading without losing a penny and to learn how much money you can make and lose in a short time (beside, it is exciting to buy and sell shares for the first time!!).

Why do stock prices move up and down?

The primary reason why a company's stock price moves up and down is supply and demand.

A share price goes up when…

·         A company makes big profits.

·         Many people want to buy the shares to get the rewards of the profits.

·         Few people want to sell the shares.

·         Only a few shares are available to buy.

A share price goes down when…

·         A company makes some losses.

·         Many want to sell the shares.

·         Few people want to buy the shares.

·         Too many shares are available.

However, there are some external factors that influence a company's stock value. One popular factor that is a fairly recent occurrence is the recession. Others include inflation rates, interest rates, job cuts, company mergers, natural disasters, changes in company management, downsizing, etc.

Stock Dividends Explained

What is a stock dividend?

A stock dividend is the payment a trader obtains from the company he/she is presently investing in.

The company pays the dividend from the earning it acquired within its financial year. Hence, if the company does not make a profit, dividends are not likely to be given to the investor.

The dividend is generally paid in two parts, an interim and a final dividend. This means an investor who has shares in a company for one year; he or she will ordinarily obtain two lump sum payments annually (most often as cash payments).

To collect a dividend, you must have the stock before the ex-dividend date. The dividend is given to the investor on the payment schedule set by each individual company. The dates can be obtained from a company's official website in the investor relations section.

Dividend Example

If you own 200 shares in a company valued at $10 each ($2,000 total) before the ex-dividend date and the company issues a dividend of $0.10, you will be paid $20! (($2000/$10)x$0.10).

By holding a stock before the ex-dividend date, you will be paid a dividend regardless of whether you have held it for 10 years, 10 months or 10 days!!

Note: Dividends are such a good source of a windfall or bonus that some traders only buy stock before the ex-dividend date and profit dividends rather than capital gains.

Find another great reason to trade stocks by checking out stop losses.

Dividend Yield

The dividend yield (in terms of common shares) is: the latest full-year dividend / current share-price. The figure is expressed as a percentage and informs traders the dividend they are likely to receive from trading a stock.

Here is how it can be illustrated simply:

·         The share price of a company is $10

·         The company gives a dividend of $0.30

·         Hence, the dividend yield is 3%

·         So, an investor who has 1000 shares (worth $10,000) will receive a $300 payout!

Types of Shares

There are two types of shares, ordinary shares and preference shares.

·         Ordinary shares are the most familiar type of shares and have flexible dividends (dividends that are adjusted in relation to a company's profit). These shares also allow full voting rights.

·         Preferred shares carry fixed dividends, which must be paid before any dividends are paid to ordinary shareholders. However, preferred shares do not allow voting rights.

Remember that when dealing with shares in the stock market as we know it, it will practically always be involving ordinary shares and this should not be a very big issue!

Ryanair cuts baggage and boarding pass fees in bid to improve customer service

Ryanair has followed up its pledge to “not unnecessarily piss people off” by trimming some of its most excessive charges, this consists of baggage fees and penalties for not printing a boarding pass.

The initial actual measures announced from the time when chief executive Michael O’Leary completed a Damascene change to better customer service will also comprise more tolerance of slight booking errors, less irritating announcements onboard and permitting passengers a second small piece of hand luggage with them on the plane.

Ryanair said that, after extensive customer feedback on its website, it would introduce several improvements over the next six months.

Customers will almost immediately be capable to look for for flights online without having to enter security codes, and will have 24 hours’ grace to correct minor errors, like spellings of names and routings, in bookings.

Airline will make only safety announcements on early morning and late evening flights, rather than the current barrage of sales pitches and marketing, and dim the cabin lights.

From December, only for customers who have already checked in online boarding card reissue fees will be cut from €70 or £70 to €15 or £15 while those who forget will still pay the standard fine. Airport bag fees for luggage put in the hold will be halved to €30 or £30 at the bag drop desk in January.

O’Leary, who this week overcame his previous disdain for social media toengage directly with customers on Twitter, said: “As we implement our plans to grow from 80 million to over 110 million customers per annum over the next five years, we are actively listening and responding to our customers.”

He put that philosophy into practice to mixed effect on Friday afternoon in his second foray on to Twitter, where despite his recent pledge to tone down the Irish airline’s “macho” image, he informed customers that he kept fit via “Tantric sex. Works for Sting … n’ me!”, repeatedly plugged the airline’s calendar featuring undressed female cabin crew and eventually signed off saying it was time for “3pm cocktails, dancing girls”.

Ryanair’s customer service director, Caroline Green, said: “As some of these policy changes will require website changes and staff retraining, we will be rolling them out over the next few months as we strive to further improve Europe’s No 1 customer service airline.”

She added that if customers should make had other suggestions and feedback on the changes by going, they should make them online. This corresponded to an important adjustment from preceding attitudes to online customer feedback, when a customer who created a Facebook page to complaint at spending hundreds of euros for her family’s boarding passes to be reissued was derided as “so stupid” by O’Leary for her “fuck-up”. On the other hand, O’Leary’s belief that every publicity was good publicity materialized to be shaken by shareholders at the airline’s yearly meeting in September who told him that the negative image required to be addressed.

Ever since, O’Leary has employed the word “sorry” surprisingly frequently. He told the Guardian this week that there was “a mistaken belief that I’m a tough guy. I’m like a little caramel crisp”.

An Audited Financial Statement Can Help when Looking to Borrow

According to the Biz2Credit Small Business Lending Index, more than one-half of all small-business loan applications are being rejected by banks. Companies in need of capital might find lenders more receptive in a hard-hitting lending environment if they invest in audited financial statements.

“We’ve had clients who needed these statements to even get the loan, and it can make a difference in the interest rate you get,” says David G. Barbeito, a principal in the Miami office of Morrison, Brown, Argiz & Farra, a large independent accounting firm.

A study by Michael Minnis, assistant professor of accounting at the University of Chicago Booth School of Business, published in the Journal of Accounting Research found that companies with audited financial statements have interest rates that are nearly three-quarters of a percent lower than companies that do not. In most cases, large companies are more possible to necessitate audits in order to collect loans; on the other hand, Minnis found that firms with yearly revenue of $10 million were not for all time asked to provide those said materials, while firms in the $500,000 range sometimes were.

Before hiring an auditing firm to pore over your books it is significant to do the math. Audited financial statements are expensive, in the ballpark of $15,000 to $20,000 for the smallest businesses and $50,000 to $75,000 for middle-market businesses, estimates Eric Martinez, CPA, an auditor with Jericho, N.Y.-based accounting firm Grassi & Co. In several situations, a review by an auditing firm may be all that is essential, yielding the same lending benefits at about half the cost.

“One of the first things you need to do is to talk to the banker and understand what they’re looking for. A lot of times, we’re able to achieve the bank’s objectives with a reviewed statement,” Martinez says. He recommends business owners make sure the bank is comfortable with the auditing firm in advance, as the bank may have standards of expertise that the auditor needs to meet.

Minnis have the same opinion that a cost in opposition to benefit evaluation is significant before acquiring the expense of audited financial statements, specifically if a loan authorization is not at risk. Still, audited statements may have other benefits to business owners, like helping them set up larger and more favorable lines of credit with suppliers or meeting the management review requirements to catch the attention of outside investors.

Basic stock market information

The basic stock-market information portion of the site contains simple information on the factors influencing the stock market; you should comprehend these factors before deciding to trade shares.

The key essential factors in the stock market are enumerated below; simply click on anything you desire to find information on. The number of links below may look formidable; but each link contains only brief, pertinent pockets of information, easy to grasp!

If you encounter any unfamiliar words which are not defined in the basic stock-market information portion, check out the stock-market glossary.

Features

·         Learn how to reduce risks – Avoid losses

·         Gain additional income - Dividends

·         Corliss Online Financial Mag

·         Practice trading stocks without spending – Stock-market practice account

Ever wondered what shares and stocks are? For a simple explanation in plain English, just read on!

For starters, stock and shares, although different words, often have the same meaning in the stock market world. For instance, one can say "I have stock in Microsoft" or "I have shares in Microsoft". Hence, if you see stock and share mentioned, do not be baffled as the two usually refer to one and the same thing.

Nevertheless, defining distinctly the two:

·         Stock is the capital a company raises issuing shares

·         A share is one unit of stock

Why does Corliss Online Financial Mag exist?

A company issues shares in order to raise capital or money to be used in financing proposed projects or because the company owner/s simply want a large amount of money for themselves to compensate their hard work in building up the company!

Illustration:

·         Harry Potter wholly owns Company ABC (We assume that he owns all 100 out of 100 shares of company ABC).

·         He then issues shares of his company and opts to sell 40% of the company (40 out of the 100 shares).

Why should the public acquire shares issued by company ABC?

The public would buy the shares in order to benefit from future profits made by the company. They would obtain these earnings in the form of dividends.

But there is another reason!

The public could also earn money by an increase in the value of each share. This is referred to as a capital gain on their stock.

Example:

·         Katty Perry buys 20 shares of company ABC at $10 each, or a total of $200.

·         As Company ABC continues to grow, so will its profits. Therefore, the demand for shares in Company ABC has grown, meaning to say that people are now willing to pay $18 per unit share in Company ABC.

·         Perry can decide to sell her 20 shares for $18 per share. Hence, she collects $360, giving her a clean profit of $160 or 80% from her original $200 payment!

About Corliss Online Financial Mag

Corliss Group Online Financial Mag is a stock-market education website designed to teach beginners how to trade shares. Corliss Group Online Financial Mag does this in a manner easy to understand and uses only relevant and essential information required to trade shares on the stock market.

Corliss Group Online Financial Mag was formed because of the lack of stock-market-related websites that impart the steps required to begin trading safely; thus, our step-by-step guide to buying shares.

Our goals are to:

§  Teach people how to become investors.

§  Teach the fundamentals of the stock market.

§  Share with people the best tools needed for trading.

§  Break the myth that the stock market is only for wealthy and intelligent people.

§  Break the myth that trading on the stock market is exceedingly risky.