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Top 8 Investing Tips For Any Market

After years of uncertainty and turmoil it seems as if the global economy might finally be showing small signs of recovery, and when that inevitable upturn starts to strengthen you’ll want to be in the best place to benefit from it. Following the malaise of the last few years there will soon be a period of growth that will leave a lot of money to be made by canny investors, and you’ll want to claim your slice.

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The question is this: how the heck can you hope to pick the winners in such an uncertain market? Unless you’re a Warren Buffet type with decades of experience in investment, what chance do you have of taking advantage of the global recovery?

Well, let’s take a look at the top 8 investing tips for any market.

Invest early

At the top of the bill comes the most important point: start young. The point of any investment strategy is to increase your savings for later life, and the earlier you start the more time you’ll have to build a real nest egg.

The important factor here is compound interest. A steady, long term investment will accrue interest on both the capital and the interest accrued in previous years, so an investment started at the age of 25 that offers even a 1% annual return will add up to serious money by the time you retire.

Don’t invest money you’ll need soon

One of the biggest mistakes you can make (and one that most of us have made at some point) is investing money that you can’t spare long-term. If you’re investing in the stock market you should be wary of locking up funds that you might need in a few months (or even a few years). When the need arises you might find your only option is to cash out your stocks at a loss to free up immediate capital.

Look for matching contributions

Many employers offer to match your investment in retirement plans dollar for dollar, a gesture that can have an enormous impact on your final pension. It isn’t glamorous and you’ll wait years to reap the benefits, but you should never overlook generous opportunities such as these.

Review your portfolio regularly

With a large and diversified portfolio it can be easy to lose track of exactly where your money is, and how it’s performing over the long term. You should review your portfolio at least once a month to make sure your investments are performing as expected. Don’t panic sell a sinking stock, but be aware of long term negative trends if you’re investing over the long term.

Stay informed

Perhaps the most effective way to get a grip on any market is to keep on top of the latest news. If you’re investing in property you should pay attention to legislation and purchasing trends that could affect the value of your investment. For the stock market, pay attention to quarterly reports and sit in on (or at least read the summary of) shareholders’ meetings.

There’s no excuse not to keep up to date with the news if you have money riding on it, and slacking off in this respect will do nothing to help your long term gains.

Don’t take short term risks

In general, most people are more attracted to the excitement of short term gains through day trading and Forex markets than long term investments, and it’s easy to understand why. Gambling is a heck of a lot of fun, and we all love a little shot of adrenaline.

If you’re looking to make money, though, it’s easier to do it over the mid- to long-term. Most day traders lose money, and you rarely meet a gambler who makes a living from it. Resist the urge to take short term risks if you don’t want to expose yourself to big losses.

Diversify

They say you shouldn’t put all your eggs in one basket, and that maxim holds true in the world of investment. A focused portfolio can offer great gains if you get lucky, but if you throw everything into a single investment you may lose it all with just one piece of bad luck.

The safest portfolio is broad and diverse. If one investment begins to flag you’ll have many more making gains, and as the economy grows as a whole a diverse portfolio will usually grow at a similar pace.

Don’t act on impulse

Finally, you should never make a split-second decision on an investment. Going with your gut is a terrible long term strategy, and very few successful investors make a living without reams of data to back up their decisions.
The key to successful investing is to learn about the market. Study past performance until you feel you can make an educated guess about future trends. It ain’t perfect, but it’s the safest way to keep your investments growing.

Damian Wolf is a blogger and online entrepreneur. He currently works on investment property advice project. Damian specialized creation of advanced online marketing tactics & visibility improvement tips.

Image credit: iqoncept / 123RF Stock Photo

6 Effective Tips to Win your First Job

Fresh out of college and excited for a new life. You step out the portals of the university with a renewed spirit. Then suddenly you look back and scratch your head and thought, “Did they actually prepped me how to win my first job?”. Sorry if the university missed out on that one. Don’t worry though, winning your first job may be difficult but not impossible as long you follow these effective tips to nail that job.

Start a job search

Find the best entry-level job you can find. Entry-level jobs are out there to give you the experience and the skill to move to the next level. Even if you have been a summa cum laude; in the real world it is not that much of a deal. Recruiters may be impressed by your achievement and applaud you; but the real test is how you fare on a real job. Your college credentials are worthless if you are unable to prove to all and sundry that you are the real deal. You may be the top pick but unless you can snatch that championship, you are as good as a lemon.

Persistence

Keep in mind that you may not get the first job you applied for. It is great to have a back-up and here is where persistence comes in. Wait for a few days to make a follow-up on your application status. The hiring manager would be impressed on the level of interest that you have when you reiterate your zeal to land the job. Just don’t get overboard about it.

Don’t stop

Just because you did not nail it the first time around means that you will stop. Do not be idle and pin your hopes on that one job that you like. There are plenty of opportunities to those who dare seek it. Crushing hopes on your dream job can lead to great stress and anxiety. To beat it, just keep on going no matter what. Search the internet and in your locality for those jobs that perfectly fit your qualifications.

Flexibility

Sometimes you need to show how flexible you are. The more flexible you are the better chance of landing that job. Hiring managers would prefer people that are willing to have shifting schedules than those who would have a fixed one. Being not flexible reduces your chances of getting a job, period. At the onset of the interview, make sure to genuinely express your desire to land on that job regardless of the working schedule.  You have to convince them that you will not mind working even on a graveyard schedule or during weekends if the job requires you to.

Dress nicely

Dressing up is part of the job application process. You need to look your best when you have to face the music, or in this case the hiring manager. It is important that you put forth your best face to create a lasting impression. Avoid wearing clothes that have very bright colors.  Dress appropriately.

Keep on going

Even if every job you applied for has turned you down, just keep on punching. You just have to be patient and soon enough your efforts will pay off. Job hunting is never easy, that’s for sure. However, landing a job is not impossible. You may have to rethink your position in order to sync your skills with what is available. If your dream job seems to be too elusive for you, see to it that you settle for your second dream job.  This way, you will not be spending your days and nights with frustration over not being able to win your first dream job. Just continue to work hard, and prove your worth.  Later, the big bosses will certainly notice your efforts and reward you the position you deserve.

Always the hardest part is the first time. Finding a job for the very first time can be overwhelming especially to a young person like you. It is important that you keep the level of maturity in check. Soon enough you will nail something that you would keep forever.

Why Ohio Health Insurance Costs are Rising

Health Medical Insurance 389x259 Why Ohio Health Insurance Costs are RisingHaving health insurance is necessary and unavoidable. However, the costs of health insurance in Ohio are rising, just as they are for the rest of the country. According to the Kaiser Family Foundation, the average annual single premium in 2012 is 3% higher than the average annual single premium in 2011, and the average annual family premium in 2012 is 4% higher than the average annual family premium in last year. Experts at the Bipartisan Policy Center in Washington point out that many factors are responsible for this increase in medical costs. Being aware of these factors can help you protect yourself to some extent.

  • Repetitive medical tests:Overtreatment and repetitive medical tests add to medical costs. Under the fee-for-service system, insurers, including Medicare, pay physicians and hospitals for every visit, test or procedure that is performed. This often results in overtreatment and repeated tests, driving up costs. It is also reported that doctors may prescribe unnecessary tests or treatment to avoid facing a medical malpractice lawsuit!Health reform is seeking to correct this with a system of payment ‘bundling’ under which hospitals, doctors, and providers will be paid a flat rate for an episode of care rather than billing Medicare separately for each service or test or bundles of items or services. This system is expected to come into effect by January 1, 2013. Electronic medical records will also help streamline care and avoid unnecessary repeated tests.
  • Unhealthy lifestyles and an aging population: Obesity, smoking, alcoholism and chronic conditions resulting from them mean an unhealthy population that demands more medical care, resulting in rising medical costs. With baby boomers, moving into retirement, Medicare spending will increase.
  • Technological advancement:Health insurance Ohio is getting costly because of expensive technology. Research has resulted in expensive new drugs, services, procedures and technology. Physicians as well as their patients seem obsessed with using advanced, costly technology regardless of whether it is necessary or not. In fact, in many cases, cheaper substitutes could be available, but they are not considered because everybody wants only the ‘best’. The results? Higher treatment costs, of course!One interesting argument put forward by Dr Willard Gaylin is that good medicine keeps people alive, even if they are chronically ill. The healthcare system has to support them too.
  • Tax exemptions: It is said that the tax breaks that Ohio employers and workers get on Ohio group health insurance encourage enrollment in expensive plans with more benefits. Moreover, if office co-pays and deductibles are low, workers may be encouraged to go in for unnecessary medical tests and procedures, again contributing to rising costs. With employers seeking to shift the cost of care to their workers with high deductible plans, the growth in premiums may slow down.
  • Healthcare providers and insurers charging higher prices: An increasing number of individual physicians are giving up private practice to join larger healthcare facilities. Mergers and partnerships among hospitals are allowing them to command a larger share of the market and charge more for their services. Mergers have also taken place among many Ohio health insurance companies, helping them raise premiums for various plans. The shortage of primary care physicians also leads people to rely more on specialist care which is much more expensive.

Consumers and the Rising Cost of Health Insurance Ohio

The first thing you can do is stay healthy. The right diet, regular exercise and a healthy lifestyle can minimize the need to use the healthcare system. If you do not have health insurance, enroll in an Ohio health plan as soon as possible. If you do not and fall ill or have an accident, your medical costs could be much higher than you can afford. There are various types of Ohio health insurance plans. An experienced broker can help you get an Ohio health insurance quote to suit your needs and provide you with all the help you need to enroll in the plan.

Business Coaching for Success!

Business Coach 389x291 Business Coaching for Success!Sometimes another set of eyes and an outside opinion can really help you improve your life condition. It can be hard to see what is right in front of your face sometimes and even harder to see the steps to take to get to the next level.

There is help that you can get to find the best way to reach your top goals. Performance coaching may be the solution to get you on the road to improving performance without being stressed out.

Improving your position in life can be a simple recipe that a professional life coach can write for you. Having the map to success may require that you get the assistance of someone with some experience.

What is Business Coaching?

Business coaching is having someone typically a mentor with experience in your field provide you with mentoring by providing you with direction and advice. Business coaching can pay off in many different scenarios.

If you have your own business you can easily benefit from some business coaching to help you make good decisions about your business. The right coach can help you to develop your business and grow your business.

If you reached the glass ceiling in your industry and want to move further up the ladder and seem to be stalled performance coaching can help you to get past the stall by helping you to figure out the best next move.

It can be hard sometimes to break into a new field, especially if you have been in your old field for a long time. Making that transition from old to new can be not only stressful but a risky proposition. The right type of advice in a situation where you are in transition can prove to be exactly what you need to make a successful transition.
Anytime you have a big change to deal with in your life whether it is business related or personal it is always a good idea to get some unbiased professional opinion.

Not a New Idea

Actually business coaching is not a new idea it has been around as long as commerce between two people has been around. The idea may have been presented using different names like, mentoring, apprentice and other terms.

The circumstances may also have been different but the action has existed for centuries. If you wanted to be in business a hundred years ago you would eek out someone with a bountiful experience.

Today things are done a bit differently and there are actually people that specialize in providing life coaching, performance coaching and business coaching as a full time service.

Accountability

In some cases you may need less coaching and more personal accountability. Sometimes what you need is someone to bounce your plans off of and have someone that will hold you firmly to your plans.

Business coaching can include the simple act of having to be accountable to someone that will gently remind you when you get off track. This option really works great for people in the management positions that want to further their careers and have to take specific steps to do that.
When you have someone that you have to speak to and tell that you failed to take step such and such or you failed to make that phone call that could make all the difference in your career.

If you are ready to make some changes in your life or you just need a push in the right direction business coaching, performance coaching or general life coaching may be something to look into.

Joel Mayer is a freelancer who writes about Performance Training and Keynote Speaking

15 Ways To Identify Bad Leaders

mark zuckerberg 15 Ways To Identify Bad LeadersRecognizing leadership is the greatest problem that organizations face in their quest to find leadership. In most cases, organizations use the wrong tools to find leaders. These tools are often biased, needlessly analytical and based on untested theories. Nearly 100-years ago, Dale Carnegie looked at leadership and boiled the matter down to seven simple words: How to Win Friends and Influence People.

One great way to find leaders is to give people responsibility and watch how they use it. Leaders show results. They see a way to attack a problem and get the work done. Here, then, is a 15 point test to identify leaders, written by Mike Myatt, a leadership advisor to Fortune 500 corporations.

1. No Vision

A leader must rally the organization and aim at a clear goal. Without vision, organizational goals become murky, and it becomes difficult to motivate teams, inspire individuals and maintain the impetus that’s necessary to meet those goals.

2. Good Character Is a Leadership Quality

A leader who cuts ethical corners and lacks integrity will eventually fail himself and the organization.

3. Leadership Performance Matters

People who show a track record of success is a good indicator of future success. Performance matters more than a potential for success. A long list of accomplishments is not always evidence of future success, but those proven accomplishments should not be dismissed.

4. The Ability To Learn

Great leaders are not boisterous. They admit they don’t have all the answers and are willing to learn from others. People who grow in their leadership roles will grow the organization. Curiosity is one badge that a great leader wears.

5. Communication Matters

Poor communication by a leader to an organization is an indicator of poor leadership. A good leader is a great listener who can communicate to organization personnel and across all types of groups and mediums.

6. Ego and Pride Hinder Leadership

A leader who thinks only of ego and self will not create loyalty, trust and confidence in an organization. Giving credit to others and embracing blame when applicable are leadership qualities.

7. Embracing The Inner Barney

This doesn’t mean acting like Barney. A leader will show empathy, kindness and loyalty to those around him.

8. Adaptability

A great leader can adapt to changing situations. Adaptation works for nature, and it works equally well in organizations.

9. Focused Discipline

Discipline in meeting goals and motivating people to meet those goals are leaders. That takes unerring focus.

10. Contentment

Satisfaction with the status quo is an organization killer. Organizations can’t be static and must build for the future.

11. Who Is Always Right?

Customers must be won by satisfying them. That builds loyalty toward the organization. The leader must be certain that everyone understands that.

12. Investing In the Team

A leader will build, support and mentor their team.

13. Accountability

Leaders credit their teams for success and take responsibility for failure.

14. Create Organization Culture

The organization culture must be created by the leader. Outside influences must be assessed, and bad influences must be refused entrance. A leader who creates the organization culture will understand it completely.

15. Courage

A leader has chutzpah. Challenging the norm and changing the status quo are what a leader does.

These are elements necessary to find great leaders. A leadership training NJ organization can assist in finding those leaders.