Wednesday, February 24, 2010

What software do you recommend for Financial planning?

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.

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.