It is not easy to get your work published. There is a process that has to be followed and if you are aiming for top publishers to publish your work, then you may have to redo it in such a way that they will approve of it.
When you submit your work to a big publishing company, Scholastic Corporation for example, you have to make sure that everything is perfect. Top publishers don’t get to the top just by simply publishing what is available or handed out to them. They have employees who help in the growth of their company like their executive vice president. You should find Maureen O’Connell details to get to know more about her credentials and how she helped the company become more successful. Great minds like them will love to work with the best so you have to prove yourself. Here are some things that you should remember.
1. Make sure that you submit your strongest work. It has to come with a cover letter and details about you. This will allow them to get to know you and maybe think of how you were able to create such a masterpiece. See to it that what you submit to them will capture their attention quickly or strike curiosity that is enough to make them continue reading your work.
2. Get to know your publisher. If you are aiming for a publishing company, make sure that what you submit is in line with what they published. There are some publishing companies who limit the kind of book that they publish and you have to research well if your work fits what they provide for the public.
3. Consider having an agent to help you. When you have an agent, he or she can take care of the business matters and the other paper works and you should just worry about writing your next book. An agent can help provide you with all the time that you need to get those creative juices flowing to make another book.
4. Make sure that you can work well with your agent. A miscommunication or not being able to work well with them can just lead to fights or frustrations which would just kill the mood in writing the next book. If you are not comfortable with local agents, you can always search for others even if they are overseas. Talk to them and they will understand your need for an agent even if he or she is thousands of miles away.
5. Find your niche. You don’t have to be good at everything but strive to be great at one thing. If you like writing romance novels then go for it. Don’t divert into fiction and fantasy just because it is trending nowadays. Just stick to your niche and be great at it.
6. Don’t take rejections personally. Sometimes publishing companies would not publish your book. The fact that they gave you reasons why can help you improve your work so that you can be a better writer.
Posted In: Speaker
CPA exam is really one of the hardest examinations including the Medical entrance examinations. With the exam stretching to more than 12 hours and taken over a day span of two and a half, it is one of the exams which cannot be qualified with average decisions and preparations. The Certified Public Accountant is indeed one prestigious post and you need to put more than just normal efforts. What you need to perform well in this exam is extra edge. This extra edge can be attained by knowing some really useful tips and applying them into your schedule or daily study.
So, let us start from the beginning as to how you should start:
1. Start by making a list of why you want to be a CPA? This might seem idiotic, but the real reason behind this is to keep you motivated. When it is quite clear to you as to why you want to become a CPA, your path to your dream clears.
2. Choose a guide or a course: It is very important that if you are stepping into the CPA exam race for the first time, expert guidance is needed. Someone who themselves have cleared the exam and helped others to do so should be contacted in order to get some very useful tips and extra edge. There are many guides and courses available, such as Roger CPA support. The latest changes and introductions will be known to you well in time so that you remain in practice. Moreover, enrolling into such a course or institute keeps you regular.
3. Choose a study group: One of the most important factors to create a suitable environment for your studious regime is how your colleagues react and what their behaviour is. If you do not get a supportive environment or study circle, the chances of you qualifying the exam depreciate. So, choose a good study circle with helpful friends and colleagues who would help you out and with whom you can discuss what all you have studied and learnt. Learning becomes easier and fun.
4. Time management: Managing time is one more important aspect and plays a key role in the qualification of the CPA exam. Once you make a time table or a fixed schedule for your study, you can easily get time for refreshing yourself and keep on working hard by putting more sincere efforts to the cause.
5. Work every day: Remember, when qualifying CPA exam is your ultimate dream, it is better that you keep no stone unturned in order to achieve that dream. Select the best hours for your study and take out time every day in order to revise whatever you have studied. When you put so much effort, they finally do pay.
6. Work smartly: It is not about how much effort you put in. Rather, it is about how smartly you prepare for the exam. The CPA exam has a vast syllabus and has to be prepared in a period of either 4-5 months or 9-10 months. So, you need to read and study smartly. Select what is important and more frequently ask and give it more time. Understand the current tend and figure out the possible changes. To keep you in touch, try out all the available practice tests.
Of course there is no end on what you should do or what you should not do. But applying these few simple things would certainly be more than just helpful for qualifying your CPA exam.
Posted In: CPA Review
PRINCE is the acronym for Projects in Controlled Environments that is applied by the government of the United Kingdom as well as private sectors all over the world. The project management method has been revised and launched as Prince2 to adapt to changes in the business environment but it has remained faithful to its original principles. Prince2 training is available as an online course that will help an individual learn about good governance and to re-use what has been learned from the experience.
Who is responsible for the organization of a Prince2 project?
Prince2 is structured project management which means managing a project in an organized and logical method by following defined steps and processes. According to Prince2 there must be an organized plan even before a project is started. Once the project has been started, it is crucial to maintain proper organization and control until the completion of the project. By organization, it means that there must be someone who is responsible for organization and control in the person of a project manager. The project manager has the responsibility to choose people who will work on the project including seeing to it that the project is done properly and on-schedule. He draws up plans and ensures that these plans are followed from start to finish Aside from the project manager; there are other individuals who can share their skills and expertise for the success of the project. These individuals are referred to as specialists. A specialist can do actual work on a project but it is important that there exists coordination with the project manager so that the right outcome can be delivered according to budget.
What is a Prince2 project board?
In Prince2, the project board is composed of representatives from the customer side, the user side, the supplier or specialist side. In the project, the person who is paying for the project is referred to as the customer or executive while the user will be the individual/s who will be impacted by the outcome of the project. The customer and the user may in some cases be the same person. The roles of these project board representatives must be organized and coordinated though it is the responsibility of the project manager to report what goes on in the project, how it is progressing and the possible problems that will affect the project outcome. However, a project assurance is provided to the project board from an independent viewpoint on whether the project is viable in terms of cost and benefits and whether the requirements of the user are being met. Usually the independent viewpoint is provided by a different team although it can be done individually by any member of the project board.
Project management is a complex discipline and it is wrong to assume that what has been learned from the training can be applied to any project. The purpose of the training is to provide guidance to project managers as well as the other individuals who were involved in the Prince2 training. Whatever has been learned from the training can be tailored to the needs of a specific project.
Posted In: Health and Fitness
We are aware that 8% of employable people are not employed because of several reasons. One of the leading reasons is that most of the people in this category do not know how to look for work or where to look for a job that matches their skills. Yet there are many employers out there looking for people to employ. This employers, do not know where they can get competent and qualified staff. This s why at www.randstadusa.com/jobs, we are committed at putting unemployed people back to work to guarantee them a wage while they pursue some training.
We are also aware that people can only get employed in careers that that are in demand. We shall help you identify careers in great demand and link you to where you will easily get a job. We shall encourage you to connect with face book, twitter; you tube so that you can receive the latest news and information about the existing employment opportunities. Here are some of the online application tips you can consider to help you secure your dream job.
What to avoid if you are a job seeker
Look for appropriate words to explain a situation. For instance you should not say you left your previous job because you were tired or ‘’I just let it go’’. If you were laid off, you must indicate that you were laid off. Remember this is your resume and everything you include in it must be true. However, you must remember to present everything in a positive manner anything presented in a negative manner reduces your scores and chances of being selected for an interview.
Posted In: Jobs
Self directed 401k’s are excellent for people who have the stability in their lives to invest soundly. Websites such as https://fulcrumselfdirected.com/ – self directed 401k frequently direct people to reasons why self directed options are some of the best retirement options available. Investment properties are great because they enable you to keep wealth far after you have spent other assets. They tend to increase in value as well, depending upon where they are located. Here are some reasons why people buy investment properties with retirement money.
One main reason to buy property, is to leave it to your kids. Some people buy it and then leave it in their wills for kids to acquire. If you do this, then you will be giving them a house to use with their new families. This allows you to rest easy knowing that they will always have a place to stay, even during the hardest times in their lives. Property is great because it is money. Your kids can sell it if they wish to move elsewhere. They might even choose to rent it to the right person. Buy property for your family to use.
Investment properties gain value over time. This is definitely true for properties which are located in prime vacation areas. Use some of your retirement ti buy property that is located in areas that are growing rapidly. This will virtually guarantee that the property will increase in value quickly. Once it does, you will have plenty of options at your disposal. Choose to sell it, or simply let it continue to gain value. You can add value to the property you acquire buy making additions to it. Interior additions will help it to stand out in the crowd.
If you are much older than your spouse, then it is not a bad idea to use your retirement money to buy a home for him or her to use once you are dead and gone. This is a great way to sleep well at night knowing that they have a place to live if you die before they do. Leaving a quality home behind ensures that they will be set for the future. They have many options for the home that you entrust to them, so it is a great idea to make this a part of your retirement plans.
The way in which you spend your retirement funds is the way in which you will be viewed by others. You want your legacy to be one that is positive, and for others to remember you as a loving and loyal person. Allow yourself to spend wisely in retirement. Operate your self directed 401k in a way which allows you to invest soundly, while having fun at the same time. Those who do this always seem to have the upper hand in life, and others always aspire to be just like them as well.
Posted In: self directed
Australia is a popular destination for immigrants from all over the world. One of the most important things to consider, for them, is the economic stability of the Australian society, so as to allow them better chances to financially support themselves, as well as the political stability, the lack of which is the reason for many of these immigrants to leave their countries. Politically Australia is one of the most stable countries, being a realm within the Commonwealth of Nations, formerly known as the British Commonwealth. The political system of Australia is a fusion of influences, from the Westminster system, meaning a Constitutional Monarchy, and Federalism through a strong federalist Senate like the Congress of United States. The Parliament is the world’s sixth oldest democracy in continued existence.
The communities of Australia are interracial just like many towns found in the United States. There have been huge migrations from countries all over the world, and they have added to the cultural makeup of the country. It is a tolerant multicultural society with a welfare system as good as any developed country. Although the aging society is a grave challenge to almost any developed country, solutions to meet the demographic shift have been debated, designed and tested for optimal results.
Nearly every developed country has devised and carried out some form of social safety net or other, especially one for the aged and retired, who are on the increase. Australia has a quite unique system of Superannuation, or Self managed super fund. Every employed person is preparing for retirement through a self-managed Superfund, which allows them to invest and buy property as well; this means that employers have the obligation to set aside a part of their salaries, and the proportion to be set aside, which began from 3%, is gradually to be increased: in 2014 it is 9%. Like any developed country it is facing a great demographic shift, with a larger percentage of the population being aged and retired, and self-managed funding has become compulsory as a means of providing for years in retirement.
The self-managed superannuation, or Superfund, is essentially the same as many of the annuities that other nationals have with insurance companies or savings bank accounts. They are all motivated by the need and wishes to accumulate money when you’re younger, to be drawn out and used in retirement. The difference however is that it is mandatory for all companies and employers to contribute to a Superfund on behalf of their employees, at least those who work for over 30 hours a week with monthly wages over 450 dollars before tax.
The superannuation allows many employees to become investors or shareholders. Immigrants who are looking forward to contributing their skills, education and culture into the Australian society will be eligible as well as obligated participants in this system, not only working their way throughout their careers but also for building up their years in retirement.
Posted In: super fund
You might choose to sell your timeshare if you no longer use it. In some cases, it is necessary for someone to explore how to give back my timeshare. Giving back a timeshare is not easy, especially if the location is no longer profitable due to the economy, nature, or other issues. The original seller might have moved on to other situations to make money. This does not leave you with much wiggle room in terms of giving the timeshare back. However, if you must get rid of it, there are ways to do so legally. Here are some tips for finding a timeshare lawyer.
Review websites are great tools for finding out more about a timeshare lawyer. They allow you to explore issues such as cost, interaction with customers and availability. Independent review websites often point you in the right direction because the reviews are given by people who have experienced some of the same issues with their own timeshares. Pay close attention to the reviews that tell you to avoid certain lawyers. note the reasons for their displeasure, especially as it relates to client interactions.
A timeshare lawyer’s level of experience is important as well. Compile a list of people who have won cases over their career. If possible, look at online case files to get details about the cases. You might find that some lawyers have developed a better rapport with certain judges. If you know who your judge is going to be in the case, then make sure to match a lawyer who is familiar with that judge in order to get the best result possible. Avoid lawyers who do not have a great track record for working well with others. They often do not get favorable results.
Quality lawyers will sit down with you to help you to determine if you have a case. You will not be able to simply give back your timeshare if you don’t like it anymore. There has to be legal grounds for the case to turn in your favor. For example, did the seller lie about the condition of the property before he or she sold it to you? If so, then you might have a legal case to give it back. Perhaps the location is not the same as advertised. Again, this might provide grounds for you to give the timeshare back to the original owner.
Finding a timeshare lawyer is not as hard as it sounds. Timeshare dealing is a niche, so if you speak to anyone within it, they will surely know a lawyer who is familiar with the process. The key is to find one that is both affordable, and successful. All you have to do is look at the latest lawyer reviews to help you to make a decision.
Posted In: Services
Awarding and rewarding kids for their achievement and even for good behavior is a crucial self esteem booster and also manages to provide an incentive for the children towards a positive growth and course of action. Trophies plus any other awards are also acts of great reinforcements as its necessary in encouraging repetition of good behavior among the younger children while helping them in learning the difference between good and bad behavior. There are different arenas that present opportunities for giving out rewards and awards.
Awarding kids for achievements in sports activities is able to encourage fair play and rewarding excellences thus helping the build up of self confidence. For young children, it’s a common practice for sporting clubs to encourage participation in a particular sport rather than winning the sport at all cost and they do not even keep the score. Junior clubs also are able to award trophies at the end of each season to each kid. Kids sports award do not have to be necessarily a plastic trophy. An encouragement throughout the season is better as it’s able to give the kids something to aspire for as each week passes by and sometimes a week may then feel too long for the young child hence awards are able to reinforce the fair play and relatively positive sporting achievements.
Therefore being able to give award certificates all round the season and at the end of the season is particular the best idea. Commemorate each highlights of the season by presenting annual certificates and personalizing them for each member and recognizing them in each position like an award for the “Best Player” or the “Most Dedicated Player” or the “Most Encouraging Team Member”. You should be able to think each effort that has been presented by each kid towards the team and their improvements all through the season or school term. Award certificates can also be given out after every each game but necessary for the best player or anything like that each week. Children will then have to learn the specifics of fair play and sharing, becoming a better player and actually feel that sense of achievement for an improvement no matter how small that is. So ensure that you are able to keep track of those who have managed to receive the certificates and awards so as you can share at the end of the term.
Good behavior is crucial for the positive growth of a child. Therefore awards should not only be included in the sporting field or academic field, kids need to learn good behavior and practice as a positive achievement. Rewards are able to inspire children who could have had behavioral difficulties back at school or they can also encourage the child who are picky eater or a child that has a bed wetting problem. If a child has been behaving inappropriately back at school you should check to know the reasons so as to secure professional help if they stem out to be much more broad issues. Rewarding the child for good behavior therefore is a good positive step towards changing his/her character over a long period of time. Award certificates are the best methods to employ to reward children with trophies like toys, small wrapped gifts and sometimes a family outing. Below is a video for further details:
Posted In: diyawardcertificates
Businesses thrive on their products and services that they offer. One should always make sure that one has everything that is needed for the business. Planning one’s strategy is a very important activity in business. Without the right strategy one would not be able to further progress the business. Businesses need to have advertisements. There are a lot of different types of advertisements. It ranges from advertisements that are visually appealing to advertisements that tickle your ears; some are in the form of both visual and auditory. The easiest way to advertise in this fast paced world is through the internet. Online advertising might be at the tips of your fingers, but there are very many risks involved in posting your products. In online advertising, you should always research the site you are interested to make use of. There are a lot of indicators which could help you identify the site’s credibility. Choose wisely and always be cautious. Advertisements are very big boosts for your business’s image. It allows your business to be made known to other markets. For the safety of your business, choose to use the traditional way of advertising. Banners and signs are the traditional way of advertising.
Banners and signs are one of the most common mediums for advertising. It visually entices your customers to buy some more and it also informs them of the promotional services and the discounted goods that your business could offer. One would always opt for the cheap yet effective advertising tool one could get. It allows your profit to be saved rather than be spent on expensive advertising tools. The very key to advertising is choosing the most suitable tool and location. There are many locations wherein you could put up your signs and banners but first, you have to make sure that you choose the location wherein most of your target markets could be seen in. Putting up banners and signs away from your target market might be able to generate you a little income but it would cost you more than your profit. It would only be wise if you make use of the locations from where you are generating most of your income.
SignsFx is a business which offers you the best banners that you could easily design with the use of the business’s site. There is a wide variety of signs you could choose from, may it be a yard sign, a banner or anything you need to promote your own. SignsFx offers you the chance to choose the best fitting banner for you! You are given the free will to design and select the materials you have been longing for. SignsFx gives you signs that are of best quality and variety. The products are made with quality vinyl banner for the durability of the banner for you. A high quality professional sign creator is offered to you free of charge to help you easily make your own creative sign. It is user friendly software that helps you a whole lot! Come on and Order Cheap Signs now!
Posted In: signsfx
The corporate world is growing more competitive each day, and companies need to continually search for new ways to broaden their presence and increase their market share. Many companies have discovered that giving corporate gifts at strategic times can help increase customer, partner and employee loyalty. This may seem like just another added expense to your company, but if done correctly, the benefits it can give you will be tenfold.
Win Over Potential Partners
Partners are very important to the survival of a business. They bring in customers, invest their money in the business and help the business in other ways. It is common practice nowadays to bestow corporate gifts to potential partners when negotiations are ongoing. To most businesses, a good proposal plus a fitting gift is the surest way to get a “yes” from them. Even if they turn down your proposal, gifts mean they get a token to remember your company by. If they ever need help, chances are your company is the first thing they’ll remember if their pen or their coffee mug has your company’s name on it.
Current partners and should not be forgotten. Send them appropriate gifts when there’s an occasion, like a company anniversary or Christmas. It’s the best way to show your appreciation for their loyalty and continued partnership.
Raise Employee Morale
They say a company is only as good as its workforce. To achieve success and reach your sales goals, you need to keep your employees happy, from the management down to the rank and file. Corporate gifts tell your employees that they are not forgotten and their work has not gone unnoticed. It elevates employee morale and makes them feel like they are a part of the company.
promotional gifts South Africa comes in various forms, so you’ll never run out of ideas on what to give to your employees. You can give paperweight awards to employees who excel in their work. Nowadays, employee promotions always come with a nice token to remind them of their achievement. This doesn’t mean you should forget employees who don’t excel but are doing their jobs diligently. Come up with challenging company goals each month and when your company reaches or exceeds a target, it’s as good a reason as any to give out a company shirt or mug. Make sure the goals are challenging and would set new heights for your company to make the gifts meaningful
Increase Customer Loyalty
The final piece of the puzzle is your customer base. Corporate gifts can be powerful when it comes to attracting more customers for your company. Some companies conduct promotions during company anniversaries wherein they hand out special company-branded items like pens, shirts, water bottles and bags in exchange for points that customers have to collect and accumulate. This works extremely well for companies that offer services or sell products.
By giving out corporate gifts to customers, they feel closer to your company. Also, wearable items like caps and shirts are good because people often wear them outside. This means more people would see your company name, and can serve as an excellent way to promote your company for free.
Keep in mind that corporate gifts can be very effective as long as you choose the right gift for the right group of people and occasion. This kind gesture is the simplest, yet most potent way to thank the people who are most important to your company’s success.
Posted In: The Ultimate Trust Relationship
Packing up your life is never easy, but it’s essential! Whether you’re actually moving premises, self-hiring a moving truck or packing self storage in Stockton, getting it right will make your task- and accessing your stuff later- a million times easier.
Yes, they do! Too many people make the mistake of densely packing their self storage facility- then realizing they need something from that box right at the back! Simply cramming as much as possible into the space isn’t the best or the most effective packing design, even though it may seem like it. With a centre aisle, you’ll have easy access to all areas of the storage unit- without having to unpack half of it- and you’ll be encouraging air flow, which in turn will keep down moisture damage and more. It will even make it less appealing to pests.
Keep your records.
Yeah, we know- it’s tedious. But if you meticulous label and inventory each box when you’re packing it, you won’t spend whole weekends trying to work out where you left that vital thing you now need to find. While we’re on the topic of organization, make sure you use boxes wherever possible, too. Because of their uniform shape- and often size- it’s far easier to stack, pack and shift them, and will help you make the most use of the available space. Don’t just chuck them in there haphazardly, though- make sure you can easily see the box labels. And remember, don’t label generically- you don’t want to be sorting through ten ‘lounge stuff’ boxes to find the TV remote 6 months later.
Talking about inventories…
Your inventories will serve another purpose, too. While self storage is generally safe, you always want to be prepared. Knowing exactly what was in the unit will make it easier if you suspect something’s been tampered with- or worse, a natural disaster strikes. You want to know what the insurance company is going to need. Consider taking pictures as you pack, too.
Cover what you can’t pack.
Even if it’s only going to be in storage a short time, cover it! Dust settles surprisingly quickly, and can ruin fabric and upholstery, especially if damp get in. Mattress covers are freely available, as are sofa covers and other packing bags- use them.
In general, you’re more likely to need the small and portable items before you need the big ones like mattresses. Keep the heavier, taller items towards the back and the smaller ones forward, so you’re not raving through the heaviest stuff to find what you need. It will also be easier to see what you’re doing when you pack like this.
Tedious though it seems, packing well the first time will make your life much, much easier during the storage experiences. And don’t forget, click this link here for more Stockton self storage information and tips from StormyStuff to make your self storage easy and simple.
Posted In: Services
The music industry has got to be one of the toughest, most competitive scenes to ever exist in this world. Numerous artists, bands and performers gather to compete for the title of the most successful musician in a particular genre, and you can smell the tension in the air if you try. That’s just how rough it gets. The road taking you there is going to make you famous, and you are going to have a full fan base at some point.
Before you can set foot on that road, however, you need to look into the things which are or are not going to be at your disposal. You can find all the best music production software information you need online. It all depends on the software developers. They decide whether or not they will offer you a manual with their program, or you will have to find that manual separately, but the main thing to remember is that a manual will not be of too much use, unless it is according to the software you are going to use to produce your music.
Different software uses different manuals, and that is all completely legitimate, since not every program out there is able to offer the same features to you. When you are looking for the best music production software information, you first need to know which type of software you will be looking for. What is the software going to be based on? Is it going to be able to deal with some basic or advanced functions? Should it have a lot of features available? What if you aren’t sure either? Things like this can set you back and keep you waiting for a long while without doing anything to help your case. Look for the best music production software information at places where good pieces of information can be found easily. Usually, to ease your access, most of the programs you find and purchase will already offer you either a manual, or an interactive tutorial which will help you grasp the basics of the chosen software.
It will take some time, though, don’t think that you will be able to master it within a day or something like that. It takes times and finding the best music production software information helps you ease into the learning process completely and quickly get ahead of the software functions. All you need is a good start and a lot of information to draw from. You can find those in many different formats, so you can easily decide which one is going to suit your learning pattern the most. After you do so and find the program you needed, you can start learning and build your way all the way to the top, where you will finally be able to start producing your own music easily.
Posted In: Services
There’s plenty of electronic signature info available online, and while some if it is actually helpful, other parts tend to lean more toward fiction as opposed to reality. Electronic are becoming more and more important in the world of big business. They are also being used in doctors’ offices, schools, and even churches. Most people see it as a great way to conduct day-to-day actions, especially when a vast majority of those actions actually take place online. Regardless of this fact, there are still people who simply prefer to fax documents and sign them by hand. Here are some ways in which e-signing is beneficial.
The first reason why electronic signatures are favorable to faxing documents, is time. It takes far too much time to fax a signed document to someone, have them print it off, sign it, and then send the document back. In busy work places the process is slowed eve more, as documents which were faxed before yours must go through first. Electronic signing makes the process quick and easy. All you have to do is sign the forms and then send them with the click of a button. It is nearly instantaneous.
Another issue that people who fax documents face, is the fear of the document getting into the wrong hands. When you fax a document tom someone, they often are not the first person to see it. This is why you have to label the fax to begin with. Someone might read sensitive or private material in the process, and confidentiality agreements might be broken. Additionally, the faxed document might simply become lost. In this case you are left wondering when the document is going to come through, only to find out later that a fellow employee misplaced it.
E-signing also reflects a certain degree of professionalism. It shows that you are on board with the evolution of technology, and clients appreciate this fact. You want all of your business dealings to reflect your professionalism at all times. Using an electronic signature allows you to show others that you are not afraid to do something different if it makes the process much more efficient.
Electronic signatures hold up in court, and they can be saved onto a flash drive or hard drive of your computer. This is often much more favorable to trying to save a physical paper document. Simply name the file and place it in a location in which you can return to it at a later date. E-signing is certainly making the life of merchants much better. It is opening up a whole new avenue of business for people who could not previously expand into new markets. Try using electronic signature software, and you’ll understand why it is incredibly beneficial.
Posted In: Uncategorized
Current interest rates on investments are low and they do not appear to be going anywhere. As these rates stagnate, inflation stands at an average of 1.5%. If you purchase a traditional investment vehicle, such as a money market or a CD, your money may effectively stand still when the rate of inflation is taken into account. As a result, some individual investors are looking for alternative, more lucrative investment sources. One that is gaining traction is an online financial marketplace called the Lending Club.
Before you sink your money into anything, it is important to thoroughly evaluate it and to assess your risk comfort level. With a stated average annual rate of return on investment of between eight and nine percent, The Lending Club looks at first glance to be a good resource for investors looking for more than the traditional but low-paying vehicles. Here are some key points to consider.
1. With online platforms such as the Lending Club, you bear the risk.
The Lending Club provides an online financial platform where individual investors can loan money directly to willing borrowers. The key is that the investors can buy portions of requested loans in small increments of $25.00. If the borrower defaults, then collecting on your investment becomes a problem. However, if you buy $25.00 increments of multiple loan requests, then you can effectively spread your risk across numerous loans. Your overall return rate will depend on the quality of loans in which you choose to invest and in how many.
To assist investors, the Lending Club provides a rating for the borrower and assigns a risk level. Determine your willingness to take a risk and choose accordingly.
2. In the past, Lending Club has included delinquent loans in the reported average rate of return
The Lending Club’s reported annual rates of return of between 8-9% for investors may be inflated. Prior to the 2008 market collapse, banks did the same thing. How it works is when the annual rate of return is figured for an investor, the Lending Club has historically included the investor’s delinquent but not yet defaulted loans as reported profits. For example, if someone is owed money on a delinquent account, the principal and interest that has not been received will be included in figuring the return rate. The website has adjusted this somewhat; investors now have the option to click on a button that downgrades delinquent accounts by how delinquent they are, which in turn, improves the accuracy of the report. However, when they figure the average annual rates, they are not down-marketing. This does not mean an individual investor will not receive better rates than with a traditional CD or money market account, but the realized returns may be less than what is expected.
The Lending Club provides an alternative investment strategy for individuals looking to improve on the stagnant interest rates that continue to remain low. For more information about the Lending Club, go here http://dealbook.nytimes.com/2013/08/07/not-banks-but-still-lending-and-drawing-investors.
Posted In: The Ultimate Trust Relationship