Wednesday, May 22, 2013

My Talks with You about Affordable Solo 401k

Before I start my discussions at very first want to talk about - MySolo401k.net
 

It is a retirement services company that provides small businesses with affordable, quality 

Solo 401k plans and the choice to invest in alternative investments such as real estate, private companies, businesses, private notes as well as traditional investments—stocks and mutual funds.

You can keep in touch with them at various Social Media Sites -

https://plus.google.com/112718454822992504254/posts
https://www.facebook.com/MySolo401k.net
https://twitter.com/mysolo401k

As a Solo 401k provider, educator, and directed administrator we don’t have conflicts of interest as we don’t offer investments or investment advice.

It does not endorse any particular advisory firms or investment opportunities. Potential clients are advised to perform their own due diligence in choosing an attorney, tax advisor or any investment opportunity.



Solo 401K plan is quickly becoming the plan that the self employed keep choosing because of its benefits and advantages. Anyone who is a business owner and has no other employees other than a spouse, or is self employed can access this solo plan.

One of the benefits includes the Solo loan. If you have this method and decide you need a loan you can borrow up to half of the value or a maximum of fifty thousand dollars from your retirement. Other retirement plans such as IRAs, SEP IRAs, or Keogh, a money purchase profit sharing option, do not allow loans due to government restrictions.

These plans have a high contribution limit more so than other retirement plans. You can contribute up to forty nine thousand for 2010 and 2011. If you are fifty years of age or older you can contribute up to fifty four thousand five hundred to your retirement per year.

However, individual 401k plans will not be available to entrepreneurs or small business owners who have any full-time employees aged 21 years or more. Further, they will also not be available to them if they have part-time employees who work for them for more than 1,000 hours per year.

Since Solo 401K or IndividualK plans can be structured as self-directed 401Ks, they permit investment in almost anything from tax liens, real estate and mortgages to stocks, bonds and CDs. With the potential for making fairly sizeable tax free contributions and the investment latitude permitted, any self-employed person would do well to look into how a Solo 401K or an IndividualK plan would fit into their retirement planning.

Tuesday, May 14, 2013

My Talks about Forex Market

The Forex Market is primarily used for the facilitation of international trade and investment, which makes it an ideal medium for speculation. This speculation is what adds more versatile liquidity to the market, and trading this way has many benefits.

When I trade foreign currencies, I don’t dwell too much on my losses. Although these losses teach me some hard lessons, I have to move on and be positive that I’ll eventually have the right forex trading formula if I’m patient enough. I don’t do leveraging on my forex account because it works against me most of the time. As much as possible, I limit the risks by exposing only 5% of my total investment in the daily forex market trade. If I lose the allotted 5% in one day, I stop trading and look forward to the next day. I am optimistic that the day won’t be as bad as today. I only trade with a risk ratio of 1:2, which means I risk $200 for the $400 reward. With the help of forex signals, I have the confidence to invest in foreign currency trading. With my subscription to some of the best providers of forex signals, I am able to interact with professional and experienced forex traders who motivate me in my forex trading endeavors. If you’re up to it, you can subscribe to UFX Markets as well.


Minimum investment with high leverage - Another major advantage which makes this financial system accessible to almost everybody is the small capital required to begin trading. There are platforms that accept traders to enter from as little as $50-$100, which is not the case with other investments such as the stock exchange for example. Now, what I love here is the endless opportunities offered. The Forex industry in contrast with the stock market can offer even up to 100:1 - 1:100, leverage which maximizes the possibilities of significantly increasing your profits. Certainly if 'stop loss' is not applied chances of losing huge amounts is also a possibility. This technique will be discussed in coming articles, so stay tuned!

Simplicity - The currency pairs most often traded in Forex are rather limited, which allows investors to focus on certain particular currencies, thus gaining better knowledge and understanding of their trends. This of course is certainly not the case with the stock market, where there are literally thousands of stocks.

No intermediary - Entering the currency trading market, means eliminating all together the broker which acts as intermediary earning large sums of your money via high commission rates. The profit of the various platforms however derives from the so called 'spread' which is the difference between the buying and selling price.