Saturday, September 19, 2009

unofficial guide to investment banking

unofficial guide to investment banking

Investment Advice : How to Buy Gold

Investment Advice : How to Buy Gold

Stock Investment Tips : How to Buy Stocks Without a Broker

Friday, September 18, 2009

Investment banking

Money, Money, Money - Mamma Mia

Free Loan Calculator for Windows

Free Loan Calculator for Windows

About TedCo Software™
Making Financial Math Easy on YOUR Computer!"

TedCo Software™ provides products that have made Financial Math Easy since 1997. Out award-winning financial calculators are used by consumers, professionals and companies in the real estate, investment, mortgage and financial services industries.

In addition to our Financial Software products, TedCo Software™ also provides educational software (SpellQuizzer Spelling Software as well as CD and DVD Jewel Case & Label Creator.

TedCo Software was founded by Dan Hite. Dan started working as a corporate software developer in 1995 and started his software business (originally named Auction Sentry Software) in 2001 developing and marketing the popular eBay user utility called Auction Sentry. The software was very successful and in 2007 was awarded the People's Choice Award at the Software Industry Conference. Dan sold the Auction Sentry software product at the end of 2007 to focus on other projects. At the start of 2008 the business was renamed TedCo Software™.


Free financial software - Metalogic Finance Explorer

Metalogic Finance Explorer

Metalogic Finance Explorer 4.2.1 is our flagship product. It's an easy to use personal finance software that packs enough features for those of us that don't need the overload of features that the big commercial packages offer. It's small yet powerful.

1. Price: Completely free!
2. Real time: Update your stock quotes directly from the web.
3. Easy to use: Visit our online tutorial.
4. Interface: A familiar and easy to use Windows Explorer-like user interface.
5. Import transactions: Download them from your bank and import them directly into MLFE. No need to manually enter them. This will save you time and avoid mistakes. All popular formats are supported: Microsoft Money (OFX) and Intuit Quicken (both QFX and QIF).
6. Budgeting: Set some financial goals and let our budget feature help you achieve them. At the same time get fine control over your spending. By sticking to your budget you will be able to achieve your goals faster, whether it's paying your debt or saving for something.
7. Accounts: Supports several types of accounts including bank, cash, credit, etc. Can handle an unlimited number of them.
8. Stock tracking: Keep track of your stocks. Current stock quotes can be downloaded from the web with a mouse click.
9. Categorization: Put all your transactions into categories so you can get a better overview of all your expenditures and income.
10. Net worth: Get a complete view of your finances at a glance.
11. Loans: Record all your loans and track your progress as you make payments.
12. Printing: Keep a hardcopy of your information. NEW
13. Export: Use your data from other applications. NEW


Thursday, September 17, 2009

Free Finance software - AceMoney Lite

AceMoney Lite

AceMoney Lite

AceMoney Lite is a freeware personal finance manager. It has all the features of its big brother except multiple accounts management. As AceMoney, AceMoney Lite helps people organize and manage their personal finances quickly and easily. It supports all the features required for home or even small-business accounting needs:

* Track your spending habits and see where the money goes
Generate any report by categories or payors/payees, including pie charts. Now you can see at a glance how much you spent on food last month. Find all your withdrawals and deposits by any parameter.

* Create and manage budgets
The program has more than 100 predefined spending categories. Setup budget limits for every category and track the difference between actual and budgeted values.

* Track performance of investments
Track 401k, Stock options, Employee Stock Purchase Plans or any other investment activities. You don't need to enter the stock quotes manually: AceMoney will download them from the net!

* Do your financial math in multiple currencies
The software supports more than 150 different currencies and automatically downloads their exchange rates from Internet.

* Enjoy the convenience of on-line banking
Download and import information from on-line banks in QIF and OFX formats. If you run a small business, export to HTML, Text, or CSV formats to generate statements or perform complex statistical analysis.

* Don't miss the next deadline for bills
AceMoney takes control over your bills and shows you when they should be paid.

* Double check
Enjoy the security of password protection of every file, scheduled backups and many other features without having any experience in accounting!

* Plan debts and mortgage payments
AceMoney provides a loan calculator to plan debt payments and a professional mortgage calculator to estimate future morgage payments if you are planning to purchase real estate.

* Do e-business with AceMoney
Are you selling goods on eBay? Are you in a shareware business? Do it with AceMoney! AceMoney automates input of orders coming from PayPal, RegNow, RegSoft, SWReg and Plimus. Read more about this exciting feature here.

* Use AceMoney on Windows, Linux and Mac
AceMoney is a native Windows application which requires only 8 megabytes of memory and runs on any 32 or 64 bit version of Windows, from Windows 95 to Windows 7. AceMoney got a Platinum rating in Wine Application Database and works flawlessly out of the box in Linux and Mac OS.


The U.S. Economy is Unsustainable

Wednesday, September 16, 2009

Financial Planning for Beginners : Tips & Factors for Investing Money

Six Steps of Comprehensive Financial Planning

Six Steps of Comprehensive Financial Planning

Financial Planning Introduction

How To Create a Budget

Here's How:

1.Gather every financial statement you can. This includes bank statements, investment accounts, recent utility bills and any information regarding a source of income or expense. The key for this process is to create a monthly average so the more information you can dig up the better.

2.Record all of your sources of income. If you are self-employed or have any outside sources of income be sure to record these as well. If your income is in the form of a regular paycheck where taxes are automatically deducted then using the net income, or take home pay, amount is fine. Record this total income as a monthly amount.

3.Create a list of monthly expenses. Write down a list of all the expected expenses you plan on incurring over the course of a month. This includes a mortgage payment, car payments, auto insurance, groceries, utilities, entertainment, dry cleaning, auto insurance, retirement or college savings and essentially everything you spend money on.

4.Break expenses into two categories: fixed and variable. Fixed expenses are those that stay relatively the same each month and are required parts of your way of living. They included expenses such as your mortgage or rent, car payments, cable and/or internet service, trash pickup, credit card payments and so on. These expenses for the most part are essential yet not likely to change in the budget.

Variable expenses are the type that will change from month to month and include items such as groceries, gasoline, entertainment, eating out and gifts to name a few. This category will be important when making adjustments.

5.Total your monthly income and monthly expenses. If your end result shows more income than expenses you are off to a good start. This means you can prioritize this excess to areas of your budget such as retirement savings or paying more on credit cards to eliminate that debt faster. If you are showing a higher expense column than income it means some changes will have to be made.

6. Make adjustments to expenses. If you have accurately identified and listed all of your expenses the ultimate goal would be to have your income and expense columns to be equal. This means all of your income is accounted for and budgeted for a specific expense.

If you are in a situation where expenses are higher than income you should look at your variable expenses to find areas to cut. Since these expenses are typically essential it should be easy to shave a few dollars in a few areas to bring you closer to your income.

7. Review your budget monthly. It is important to review your budget on a regular basis to make sure you are staying on track. After the first month take a minute to sit down and compare the actual expenses versus what you had created in the budget. This will show you where you did well and where you may need to improve.


Sunday, September 13, 2009

How Does Insurance Work?

How Does Insurance Work?

Insurance exists because risk exists. There is a possibility that anyone could become a victim of fire, theft, auto accidents, other injury accidents, illness, severe weather, lawsuits and more. We are subject to risk at home, at work, in our cars, traveling, in the hospital or anywhere at any time.

Transfer of Risk
Insurance cannot remove the risk or the likelihood that one might become a victim of any of these events, but what it does is transfer all or some of the financial impact of any of these events. Insurance exists to help individuals recover from the financial consequences of these events by pooling the resources of a large group to pay for the losses of a small group.

A Little Background About Insurance
Insurance has been around in some form since traders first began to travel over water to trade their goods. There is documented evidence that Chinese and Babylonian traders began to protect themselves against risk as far back as the 3rd century BC. Traders realized that if they spread their goods among multiple vessels, rather than putting all of their cargo on one vessel, they had a better chance of avoiding complete loss.

In later years, shippers in Great Britain reasoned that if 100 ship owners each chipped in money, if some of those ships were damaged or lost, the money collected from all 100 ships could be used to repair or replace the few. Extreme losses following the Great Fire of London in 1666 led to the creation of the world's first actual insurance company, The Insurance Office, or The Fire Office. And in the United States, the first insurance company was started in Charleston, South Carolina in 1732. Benjamin Franklin is recognized as helping to make insurance popular and to standardize the practice of insurance.

Law of Large Numbers
In order to afford to cover the financial losses of its customers, an insurance company needs a very large base of members. For each different type of loss that they insure against, insurance companies have years of statistics that help them calculate how many losses they are likely to have. They are counting on the law of large numbers which, when applied to insurance, states that the more members in an insured group, the more likely it is that the number of actual losses will be very close to the number of expected losses. This law also applies to gambling casinos.

Determining Premium Payments
The insurance premium that each member of the insured "pool" has to pay is different and is based on many factors. For life and health insurance, for example, the insured person's age is the most important factor. It is statistically provable that younger people have fewer claims for life and health (except for pregnancy and childbirth), so their insurance premiums will be lower than an older person or someone with health issues.

For car insurance, the driver's age, gender, geographic location, type of car and driving history all factor in to the amount they will have to pay for insurance coverage. Teenagers have to pay higher auto insurance rates because statistical history has proven that they have more accidents with higher losses than a 40 year old driver. The larger the pool of insureds, the more the risk is spread out, and the lower the premiums can be.

These same principles of transferring risk and the law of large numbers also apply to business insurance, liability insurance, accident insurance, specialty insurance and more. To illustrate, if 10,000 people each pay $1,000 a year for home, auto, health or any other type of insurance, the insurance company would receive $10 million dollars. If 500 members of this pool sustain losses during the year of $10,000 each, the pool would be large enough to pay all of their losses, $5 million, and still have $5 million for future claims.

So in order to remain viable, an insurance company needs at least 3 basic things:

* A large pool of insureds in a diverse demographic (age, gender, health, location, occupation, history)
* Reliable, current statistics on the probability of loss for each type of insurance offered
* Sufficient premium payments to cover the anticipated losses

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