Financial Safety Advice

A good financial advisor should be comprehensive and be able to advise from the perspective of savings, investment, pensions and insurance. Therefore, a good financial advisor is a very prepared and updated in many fields. The term financial advisor can use different professions, such as pension or tax consultants, who have expertise in a specific area. But you would not go for the first time where a urologist or dentist for a checkup general.

For this, you are entitled to check whether your adviser has the knowledge and experience to guide you through the world of finance. A consultant should be continuously informed about the daily events in the national economy and international financial markets and politicians. And to know in detail issues pension, tax, tax and insurance. You must have a rigorous development of their skills and be a person eager to learn.

You should also know very well justify their advice and to answer any questions related to it. Look for an adviser who is willing to answer your questions, periodically review their objectives are being achieved and to listen for information and guidance on changes that might affect it. If you have a good knowledge and understood her financial situation, the financial advisor will make a diagnosis. Maybe not like it, but it’s better to confront it and modify it to meet you. Strong arguments can convince him that his proposal would generate more value than their desires for action to guide you toward realistic goals.

* Banks
* Non-bank credit institutions, financial companies, Savings and home loan, credit unions
* Insurance and Reinsurance Companies
* Stock Market
* Private pension funds
* Financial Groups
* Business related financial services, factoring, general stores, warehousing, leasing, credit bureaus
* Payment Systems
* Deposit Insurance
* Financial Safety Net
* Financial Crimes
* Money Laundering

The preparation of financial legislation has included the drafting of bills for central banks, national committees and superintendents, and laws to establish the main rules of the game for the actions of the various actors in financial markets, in terms of capital entry, limits to major risk operations and sanctioning system, thus seeking the necessary legal stability of the market, leaving the monetary authorities, banking, insurance, securities and pensions, the legislative discretion to establish mechanisms aimed to achieve a true, complete and timely information on public transparency, monitoring compliance with limits on risk operations and managing the sanctions regime. We have participated in these activities in Bolivia, Costa Rica, Chile, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Tanzania and Uganda. Read the rest of this entry →

A quick survey of my contacts on Facebook and Twitter I have confirmed that very few healthy financial habit of saving. And the reason is almost always the same: * “I can not afford” or “I can never save” *.

Last year, at a workshop for financial journalists, an official of the Superintendency of Banking and Insurance (SBS) asked the same question to the audience. The result: less than 20% had a savings account, despite being familiar with these issues.

Indeed, for some, start saving is like starting the diet. It is very difficult or leave it to the days or weeks of starting.

In Peru, formal workers are forced savings known as CTS, which also is “pierced”, as it has a percentage of free availability, and is paid by the employer. Another is the contribution to the pension fund, which itself represents part of our monthly income. In both cases, these bills have one goal: to meet the needs if you become unemployed or retire.

In a blog on personal finance, we find good recommendations for achieving savings. “The most practical and safe is to have an automatic savings plan, so that, before it reaches your hands, go straight to your goal,” he explains. Read the rest of this entry →

1 – It’s all about investment in planning

The financial advice is a much broader discipline than investments. The person may be very good for putting money, but not quite good at planning. Or vice versa. Carry out an orderly program also requires knowledge of accounting, insurance and taxes. Therefore, it is considered the “art” comprehensive vision of all these aspects so as to maximize results. Find someone who can assist in all aspects.

2 – Hire professional advisers only and credentialed

Avoid amateurs. There certify their professional credentials. In the United States, are more common in Argentina, but they are. The title of CFA or CIIA among others, is a guarantee of professionalism. The country may request that your counselor will show specific investment education he had as courses, studies, etc. Another important factor that has a vast experience in the finance industry.

3 – Compare different alternatives

It is important to take a broad view of the different alternatives. When hiring a financial advisory interview at least three different. In this way, you will learn several different options and may elect the most in convincing and he can deliver the services they need. Many times, not only about hiring a professional, but also to understand and have an affinity with you. Read the rest of this entry →

Many people see the “failure” as a loss and not as part of learning in business, but are not to blame for this state of mind, as from small we are accustomed to this, for example when you make a mistake to punish you if you think something wrong in class can make fun of you if you miss an exam nagging, finally it all together form a fear of failure.

This fear of failure that is in you until you are an adult, controlling you and your mind is full of thoughts and do not invest, do not try, do not do, but failure and mistakes are part of learning, I wonder , how many times do not you fall while learning to ride a bike? many important people failed to see failure as a loss and began to see it as a result, a clear example of this is Thomas A. Edison, when asked why he persisted in building both a light bulb, if after 1000 attempts found nothing but failures, he replied “are not failures, I achieved 1000 ways of how not to make a light bulb.”

When you have the results you want to start thinking that you are a failure and maybe you can make that a reality and stop trying, but if you see this bit desired result as it is, only one result, a rung of the ladder insurance for success will keep trying until you do. Read the rest of this entry →