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Things You Should Know About Investing

Investing your money can be one way to help you increase your income over a short- or long-term period, but you must be careful and understand the risks. • Investing will always be a gamble. There are always going to be risks • Investing in the stock market is basically buying a tiny part of a company that will hopefully profit and you can sell for more later • There is no guarantee you will make money, you could potentially lose it • If you want a bigger return, you often have to take bigger risk • Do not put all the money you want to invest, into one place, try a bit of diversity • Only invest what you can afford to lose • It is recommended to invest...

The Best Investment Banks to Work For

If you start your career at a big investment bank, you’re most likely guaranteed excellent training and exposure to high profile deals, although this will also come hand-in-hand with the expectation that you perform to the levels needed. Below are three investment banks to target for your career. Once they’re on your CV, you are set! Goldman Sachs – While still a leading name in finance, the bank’s formidable reputation has come under scrutiny in recent years, as several key income streams have stagnated. Industry monitor Coalition ranked Goldman joint-third in terms of investment banking revenue for the first half of 2017. J.P. Morgan – J.P. Morgan has thrived in the years since the financial crisis. The bank reported record group profits in 2016, while net income from the investment banking division...

Sorting out your pension plans early

Starting a pension plan as early as possible is extremely beneficial, and you will certainly thank yourself later in life. You are never too young to start thinking about your long term money plans. As you leave education and begin working, your employer will talk to you about a pension scheme, and will discuss with you about how much you wish to contribute. Pension contributions are done in percentages and you can begin with the minimum amount or start at a higher contribution and reassess how you are managing with current finances. Your pension contribution amount can be changed at any time, but it is always to keep your percentage as high as you can manage, as this will benefit you once you retire. Many young people put their pension...

Tips on transferring your pension

Taking advice related to a pension can save you thousand of pounds. We know that pension handling and transfer advice is offered by many ’online experts’ who are ‘unbiased’ and help you select the right service. Many of these companies are legitimate and they do look out for you, but others will be looking at way to take away your hard earned pension and transfer it to their own pocket. This is why you need to be clear about your plans with the advisor; they should have a clear picture over your goals and objectives. You can transfer your pension for various reasons such as the scheme in which you were associated to is about to close, or maybe you wish to transfer it overseas to the country that you...

Saving made easy, when you know how.

Money savings can be very stressful when you are unsure exactly what you need to be doing. One of the hardest parts of saving is the ‘getting started’ part. Firstly, you need to set saving goals and write them down, visualising the amount you require is essential in helping you understand your future needs. Write down what you want to save to do or buy and how long do you have to do this. Now give yourself a budget, limit any over-spending, even changing to a lower budget supermarket can help. Record your monthly outgoings (and this includes your morning coffee and little treats too). Then record your income. Visualise the difference and make realistic weekly and monthly saving goals to get you meet your required savings. Entering your numbers...