Certified Financial Advisors in Melbourne

There are many different types of Certified Financial Advisors, including those that work solely in or for Washington D.C. and others that work throughout the entire United States. In Washington D.C., there is a limit on the amount of hours a consultant can work. If you are looking for a Certified Financial Advisor in Melbourne, you will need to search for a Broker as well.

Many Certified Financial Advisors is self-employed, so it’s important to know the difference between working for your advisor and your planner. Typically, Certified Financial Advisors makes their money either by charging a flat fee or a percentage of assets under management. If they are working as an independent contractor for a company, they are not allowed to charge an hourly rate. However, these financial planning professionals can not be considered the most unbiased resource for advice when they benefit from steering you towards specific products from a certain firm.

When choosing a Certified Financial Advisor in Melbourne, you want to consider the experience and education of the individual. How long has the Certified Financial Advisor been in the field of finance? How many different companies does he or she work with? It is extremely important that you find a financial advisor with a strong track record, solid education and who holds the proper licensing to serve your needs. You can search online for information about the education and continuing education required for financial advisors in your area.

Another question to ask when searching for certified financial advisors in your area is what type of services can they provide to ensure your financial situation is taken care of? Many financial planners offer financial situation services such as investment advice and estate planning. Ask about whether they can work with your insurance or retirement planning needs or if they have any special ties to other companies.

There are several regulatory groups in the United States which require Certified Financial Advisors to obtain an annual certification. The CFPA or Certified Financial Planning Association offers this certification, along with the CFP or Certified Financial Planner Board. If the financial planner passes an examination created by either the CFPA or the CFPB, they will be considered to be a CFP or certified financial planner.

As with all business relationships, it is important to choose your advisors wisely. When seeking out financial planners, ask them about continuing education requirements, their professional background and what type of licensing or certifications they hold. By doing your research ahead of time, you can make the most informed decision for your financial needs.

Canadian Super Visa Insurance

A super visa allows a parent or grandparent of a Canadian citizen or permanent resident to stay in Canada for more than 6 months at a time. It allows them to stay for up to two years at a time and is valid for 10 years.

A requirements of being approved for a super visa is medical insurance in place from a Canadian insurance company with coverage for at least one year. This is what super visa insurance is.

The insurance must meet these requirements:

From a Canadian insurance company.
Valid for at least 1 year.
Coverage must be at least $100,000
The cost of the insurance can be high. A person in their mid-forties with no pre-existing medical conditions should expect to pay between $800 and $1,800 for super visa insurance. You can get more information on what to expect from the cost for super visa insurance in this guide.

The best way of finding super visa insurance is through a price comparison website – but remember it needs to be from a Canadian insurer.

More Risk, More Return: Is it true in Stock Market?

The essence of successful investing lies in the way an individual manages the risk. Gambling is just a synonym for speculation and when use guessing as pillar of your investment strategy you are bound to lose, incessantly. Making an informed choice based on the measurement of an investment option’s systematic and unsystematic risk is cardinal while investing in stock markets. But before we jump into the discussion of the correlation between risk and return, I feel that understanding the concept of risk in financial terms is fundamental and a topic of paramount importance.

What is risk?

Risk in financial terms is the difference between the investment’s actual return and the expected return by an investor. Risk portrays the probability and the magnitude of loss which comes hand in hand with the chosen investment product and the investment horizon of an investment. In the world of finance, risk is calculated by using standard deviation as a metric which measures the volatility or fluctuation in the price of an asset when it is compared to its historical averages in the given time frame for assessment.

Types of Risk?

There are certain situations in this world which you cannot avoid but there are other situations in which the risk associated with them can be mitigated by excersing the prescribed methodologies and measures. Here is the graphical representation of the two major types of investment risks along with their sub divisions.

Well, well, well!!!!! we will not be getting into the detailed explanation of each and every type of risk for the reason that it would derail us from the agenda of this article but we will definitely discuss the blanket types of risk which is systematic and unsystematic risk.

What is systematic risk?

Systematic risk refers to the undiversifiable/ market risk which has the potential to disrupt the entire global markets. It is a highly unpredictable and unavoidable kind of risk to a humongous extent. Systematic risk includes interest rate changes, inflation, recessions, and wars, among other major economic, geo-political and financial shifts in the world like ‘The Great Recession, 2008’.

What is unsystematic risk?

Unsystematic risk refers to a diversifiable type of investment risk which can be minimized and hopefully mitigated by proper asset selection and allocation in accordance with the prevailing sentiments in the target market. Unsystematic risk includes risks such as entry of a new market participant in a specific industry, launch of a substitute at a marginal shifting cost by a competitor or recall of a sold product from a customer due to safety or other major concerns and then providing them with compensation as done by Samsung after the launch of its smartphone labelled as “Galaxy S7” in 2016.

But Before that you must have a demat account. Do you think opening Online demat account is a herculean task? No, definitely not. Yes, they are complex, but our step by step guides make them easy like anything. Go on and choose a broker.

What are the financial ratios that can used to measure the risk-return trade-offs?

As you already discussed, standard deviation is used to calculate magnitude of risk associated with an investment product but it has some shortcomings like it only shows how annual returns of an investment is spread out which does not validates the consistency in performance in the future. We have two other ratios which can help you understand the risk associated with the investment option that you have chosen.

Sortino – It is a financial ratio which gives a realistic idea of the downside or the negative deviation associated with a company’s stock. It helps you to measure the amount of return that you will be able to generate on a per unit basis for the given magnitude of downside risk which can also be referred as a chance of avoiding large losses. A higher sortino ratio is always desirable.
Sharpe – It is a financial ratio which considers both upside and downside volatility and then arrives at a conclusion of a stock’s performance. Sharpe ratios is a statistical tool which predicts risk adjusted return on an investment. Higher sharpe ratio translates into higher return potential along with higher risk.
Mid-cap stocks have performed ravishingly throughout these years with a considerable amount of risk associated with them. There are various conclusions that can be drawn out from these graphs and tabular data but the one of utmost importance is that high risk gives no guarantee or validation of high returns. Look at standard deviation of small cap stocks, they are the highest in the pack but the return from US Mid-cap stocks and US large-cap stocks is the highest when risk is taken into the consideration.

Why aren’t the gamblers the richest?

There is a vanilla answer to this, ‘THEY ARE JUST SPECULATING’. Gamblers are the hardcore speculators. If you are into stock markets and you are making decisions based on mere assumptions, grapevines, pseudo talks and emotions then there is no power in this world which has the potential to protect from heavy, big, gigantic losses in the future.

Conclusion

Stock market is a blend of speculative risk (risk of potential gain or loss) and pure risk (the possibility of loss or no loss only). To magnify your returns, you need have a blend of risk averse and risk prone investment products in your portfolio. There is no such financial instrument which falls under the category of absolutely risk-free-investment in the world of stocks, even the treasury securities which are government backed carries a low magnitude risk of default.

As an add on from our side, here is the thorough segregation of financial instruments based on the level of risk associated with them.

Having a balanced portfolio is all you need for generating a decent amount of return with minimal risk. Risk profiling is another vital part of risk management and is a cardinal step in maximising returns for a portfolio. An individual needs to select his/her goals and the time in which they want to achieve them. Based on that we can select the asset class which has the potential to exude desired returns while keeping our risk appetite into consideration. For example, a young person can have aggressively invest in stocks and can even have a major part of their portfolio invested in financial instruments which portray the high risk-reward trade-off but a person who is about to retire must not construct their portfolio with small-cap or mid-cap stocks or with any other financial instrument which requires a long time horizon to appreciate in value and carries a risk of wiping out your investment corpus. Taking informed decisions which can further be translated into taking calculated risk is the heart of any investment strategy. Risk forms a negative correlation with return when you make an investment based on your emotions and not the basis of facts and figures which is available to you.

Construction Claims Consultants Help Minimize Risks

Claims from contractors and other individuals involved in large construction projects with your company can be managed successfully by construction claims consultants. Through construction project monitoring before and during construction, a consulting firm works with both the client and the contractors to ensure all legalities are met. This helps reduce the number of disputes filed against your company, and ensures debt recovery assistance in the event that a contractor or engineering company files a claim. By working internationally, construction consulting firms can give presentations, negotiate, and assist in arbitration with companies all over the world.

Hiring Help for Construction Project Management

Construction projects which are poorly managed can lead to a variety of future problems. Poor management can consist of improper fund allocation for projects, poorly scheduled timing for a specific project, or miscommunication with international clients that lead to disagreements and misunderstandings. Construction claims consultants can help prevent problems due to mismanaged projects by creating reports and documentation that monitor the ongoing results of a project.

Keeping the number of construction claims down is important to every engineering firm and contracting business. Having contracts that cover every needed detail is the key to successful transactions. You should choose a consulting firm which offers contract services performed by an experienced contract specialist. The consulting service should be able to negotiate contracts, re-negotiate contracts, draft the proper documents, and provide consistent advice on proper contract terms.

Construction Debt Recovery and Claims Defence

Debt recovery is a large problem in the construction industry. With many UK construction firms utilising the concept of retention when dealing with finances, contractors and subcontractors may complete a large part of the work without being paid beforehand. While there will be a contractual agreement about retention monies and when it’s released by the hiring firm, many construction workers find themselves needing legal assistance to obtain the retention monies in a timely manner. A construction consulting firm can help your company obtain retention money without the need for a lengthy court hearing.

The most profitable way to do business in the construction industry is to avoid having to file or receive claims. However, the extent to which accidents occur and projects run over schedule, claims seem inevitable in the construction industry.

It’s important that you choose construction consultants who have the experience and knowledge to not only prepare and file claims on your behalf, but to provide a proper defence on claims received against your company. Depending on the dollar amount of the claim, consultants can work directly with developers and contractors to negotiate and help arbitrate claims, or work with insurance adjustors to help manage million or billion dollar construction claims. Trusting construction claims consultants with project management and debt recovery means your company can focus on developing and building without getting sidetracked by legal matters.

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