What formula should be used to ascertain if your investments will hold out and how much to budget for Financial?
There are many on-line calculators that can help you with this. In the August 2007 issue of Kiplinger's recommends that you use one that is based on a Monte Carlo simulator. They reviewed 5 different ones. I've used the ones at Financial Engines and MoneyChimp and found them very helpful. As the name implies a Monte Carlo simulator, does not give you a fixed answer but rather it gives your odds of success and, in the case of MoneyChimp, shows a graph of the number of years into Financial your IRA/401/etc should last. MoneyChimp also explains, in more detail than most of us would want to know, why a Monte Carlo simulator is required and how it works. These details are likely only useful to those with higher mathematical interest.
Where do I start to learn about investments and Financial planning?
Is there a good website with explanations on terms such as mutual fund, bonds, equities...that also explains how to get started? I need help understanding person finance and investments. Any useful advice appreciated. Personal finance, I meant!
I always like wikipedia they usually have good tips and are known by many to be the cheapest* method. *They basically charge a $7 flat rate to buy and sell with no annual rates or commision profits. I have used them for years with no problems.
Wednesday, February 24, 2010
Tuesday, February 9, 2010
What is the best financial planning software?
what is the best financial planning software i can use to guide me through a project for my financial planning course? something intermediate.
Right now, "How to survive the Great Depression"
What is easier to get into in Australia - Accounting or Financial Planning?
Also what is a better and more financially rewarding career? I'm looking at a career change, however it looks like I really need a uni degree for accounting and then start out on relitavly low wages. i was hoping I was wrong about that? Would financial planning be a quicker career to get into and start making decent money?
Like mutual funds and financial planning for other people, but I hate cold calling. Any job ideas?
I am series 7, 6, 63 licensed and have worked as a registered representative and an internal wholesaler. I have decided that I do not like wholesaling, but really like financial planning and mutual funds. I love sitting down with people and educating them about their finances. The only problem is that I do not like phone work at all. Cold calling is very difficult for me and not something that I wish to do. I also like managing other people and having leadership type roles.
Sounds like you have all the qualities to be a successful counselor in financial matters, but not the personality of a salesperson. Have you ever thought about teaching at a local community college, or working for a credit counseling place? as you probably know, sales is king in financial services.
Right now, "How to survive the Great Depression"
What is easier to get into in Australia - Accounting or Financial Planning?
Also what is a better and more financially rewarding career? I'm looking at a career change, however it looks like I really need a uni degree for accounting and then start out on relitavly low wages. i was hoping I was wrong about that? Would financial planning be a quicker career to get into and start making decent money?
Like mutual funds and financial planning for other people, but I hate cold calling. Any job ideas?
I am series 7, 6, 63 licensed and have worked as a registered representative and an internal wholesaler. I have decided that I do not like wholesaling, but really like financial planning and mutual funds. I love sitting down with people and educating them about their finances. The only problem is that I do not like phone work at all. Cold calling is very difficult for me and not something that I wish to do. I also like managing other people and having leadership type roles.
Sounds like you have all the qualities to be a successful counselor in financial matters, but not the personality of a salesperson. Have you ever thought about teaching at a local community college, or working for a credit counseling place? as you probably know, sales is king in financial services.
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