Protecting Yourself while Investing in Rare Coins

There are some high quality rare coins available; however, there are plenty of con artists too. With this in mind, your best protection would be to research coins you are asked to purchase. Careful buyers spend some time before buying just one coin. Additionally, researching dealers is also mandatory to ensure success. Follow this guide for better success in this investment idea.

investing in Rare Coins

Steps to Take

When being solicited to invest in coins, the following steps should be taken to prevent from being conned:

• Use common sense with investment claims, and don’t rush into purchasing. As the saying goes- anything sounding too good to be true is usually not true.

• Before sending money or authorizing a credit card transaction, know the reliability and reputation of the dealer.

• Don’t just take the dealer’s word that he/she will purchase back the coins for at least the price paid or his/her promise of guaranteed grading unless you are certain the dealer has the financial resources to back up these promises.

• Getting a second opinion from another source concerning the value and grade immediately upon receiving the coins is wise unless you have the remedies in case your second opinion disagrees.

• Use an independent source to evaluate the grades of any coins bought. Slabs and grading certificates can be tricky these days because third party grading services slab or encapsulate coins in an acrylic holder that has a grading number.

• Shop around several dealers before buying because prices in addition to grades should be considered. Checking prices in sight unseen trading networks or leading coin publications is great to ensure you are not getting overcharged.

• Make sure the coins purchased exist by taking possession of them and keeping them properly stored.

• Always be wary of giving credit card information to strangers for any consumer purchase especially over the phone.

Identifying Fraudulent Sellers

Fraudulent sellers of bullion and rare coins have become very crafty in dealing with consumers. Nowadays, they have all the makings of a legitimate and reputable company. They have elegant offices in the major cities’ financial districts; they appear to employ so-called investment counselors, account executives, and coin experts; they have claims to be the finest or largest dealers in business; and they use various techniques that legitimate dealers use, such as advertising in magazines and newspapers. More of them are even using telemarketing or multi-level marketing schemes to lure consumers. Knowing this, it will behoove any consumer to due their due diligence in researching through the various agencies, like the Better Business Bureau. Also, it’s always important to check on any information given by these sellers.

Where to Get Help

If there is a problem with a coin dealer who won’t resolve the problem satisfactorily, there are numerous places that can help you. Resolving disputes can be done for some dealers through a binding arbitration of an independent third party. These are usually a professional organization. Also, consumer protection agencies would get your complaint information to build cases against these type of sellers, and they would give you sound advice on how to proceed. Also, the majority of coin organizations will help you if the dealer is one their members. Other than that, the government agencies and organizations that can help include the following:

• Industry Council for Tangible Assets (ICTA)– is a safeguard for the precious metals, rare coins, and paper money industry.

• The Professional Numismatists Guild (PNG)– a membership across the U.S. and abroad of leading professional numismatists

• The Better Business Bureau (BBB)– checks out any company’s status within the local/state area.

• Your state consumer protection agency– advocates of consumer rights within the area

• Your Attorney General’s Office– serves as advocates for anyone in the state, such as children, older citizens, and consumer rights.

• The U.S. Postal Inspector– safeguards against all criminal activity involving mail, email, and exporting.

• The Federal Trade Commission (FTC) protects consumers of America.

Lisa Patterson enjoys sharing her investment tactics online. She has been hustling, investigating & strategizing on various investment opportunities. Her articles mainly appear on investment websites.

How to Trade with Binary Options Trading?

The more you watch the markets and gain experience in binary options trading the more likely it is that you will start to see trends emerging.  The better you are able to see these trends the easier you will find it to calculate whether a specific asset will rise or fall in value.  Once you have established this you will be able to place your call or put trades with increased confidence.  Larger investments can equal higher returns.  Most brokers will provide a variety of charts to help you understand the market movements and place the right trade.

things you should know about forex

There are charts which show you when specific assets are climbing in price, if this trend is set to continue then it is advisable to put a call option on straight away.  Equally, you may come across an asset rapidly declining in price and notice a downtrend; this should prompt you to place a put option. It is important to spot these trends earlier so that you do not invest as the trend peaks and reverses.

Some assets trade under what is known as a neutral trend.  On a chart this will show as a straight line simply because the price has not altered for a lengthy period of time.  This is not a good investment opportunity, you will be unable to see which direction the price of the asset is going to go in and any binary options trading you do is likely to result in you being out of the money.

You can spot these trends by watching the stock markets but you cannot start any binary options trading until you sign up with a broker (take a look into US binary options brokers rating); placing your first trade is a three part process:

  • Choose a broker, competition is fierce between brokers and they will all offer sign up bonuses. However, you should also note that these come with terms and conditions.  As tempting as free cash is you may be better off choosing one which provides more support or better rates of return.

It is also important to consider the broker’s reputation and whether they have chosen to register with one of the three main bodies; this indicates a business which is dedicated to providing a professional and friendly service.

Different brokers also have different rules regarding the minimum deposit required and the minimum amount you can place on a trade.  This can make a huge difference to how far your funds will go when you are learning how to start binary options trading.

  • Once you have chosen a broker and created your account you will need to, place your initial deposit in keeping with the broker’s terms. This should be a simple process as most brokers offer a wide variety of finance methods.  It is best to place small trades whilst getting to know the ropes; you do not want your capital to vanish before you have learned anything.

Finally your account is ready and the funds are there, you will be able to place your first trade. This is simply a case of choosing the asset to trade on and the amount you wish to invest.  Select a time for the asset to expire and I which direction the price will move.  Then confirm your trade and wait, watch and learn!

Types of Financial Markets and Their Roles

A financial market is a broad term describing any marketplace where buyers and sellers participate in the trade of assets such as equities, bonds, currencies, and derivatives. These markets are defined by having transparent pricing, basic regulations on trading, costs and     fees. The market forces determine the prices of securities that are in trade. Financial market is found in every nation of the world. Some are very small, with only few participants, while others are like the New York Stock Exchange (NYSE) and the FOREX markets – trade trillions of dollars daily.

Types of Financial Markets

Investors have access to a large number of financial markets and exchanges with a vast array of financial products. Some of these markets have always been open to private investors; others remained the exclusive domain of major international banks and financial professional like the way ETX Capital, which plays a vital role in the UK capital market for spread betting. Shares, bonds, commodities and other alternatives are usually traded in spread betting.

Types of Markets:

Capital Market: is the one where individuals and institutions trade financial securities. Organizations and institutions in the public and private sectors also sell securities in the capital markets in order to raise funds. This type of market is composed of both the primary and secondary markets. A company raises money through the sale of securities – stocks and bonds in the company’s name.

Stock Market: allows investors to buy and sell shares in publicly traded companies. They are one of the most vital areas of a market economy as they provide companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the company’s future performance.

Bond Markets: is a debt investment in which an investor lends money to an entity (corporate or governmental), which borrows the funds for a defined period at a fixed interest rate. Companies to finance a variety of projects and activities use these.

Money Market: is a segment of the financial market where financial instruments with high liquidity and very short maturities are traded for. This market is used as a means for borrowing and lending in the short term, from several days to just under a year.

Cash or Spot Market: is highly sophisticated, with opportunities for both big losses and big gains. Contracts are bought and sold on the spot . Prices are settled in cash “on the spot” at current market prices. This is notably different from other markets, in which trades are determined at forward prices.

Derivates Market:  A derivative is a contract and the contract price is the market price of the core asset.

FOREX and Interbank Market : The interbank market is the financial system where trading of currencies among banks and financial institutions is done. Trading is performed by banks on behalf of large customers.

In FOREX market currencies are traded over the counter, there is no central marketplace. It is the largest, most liquid market in the world.

What Is A Prepaid Funeral Plan?

According to bereavement counsellors, Funeral Zone, the average cost of a funeral in the UK as at the 16th of May 2016 was £4,110 – the actual price, of course, depending on the particular arrangements chosen, the circumstances of the death, and the part of the country in which the funeral is to take place.

Whatever way you look at it, however, £4,110 is considerably more expensive than the maximum £700 allowance which the government makes available to those on benefits and who cannot otherwise afford the expense of a funeral.

Prepaid Funeral Plan

You might find the prospect of leaving your relatives and loved ones with a bill of more than £4,000 on your passing to be an unacceptable burden. So what might you do?

Advance arrangements with your local funeral directors

One option is to make the arrangements you want well in advance of the event itself. You are likely to find that any reputable and accredited funeral director is likely to offer this service.

It has the advantage of making sure that, since you are making the arrangements, your funeral is likely to go in just the way you want it to. By making those arrangements and also paying for them in advance, you also have the opportunity of beating any further increase in the cost of your funeral. By paying at today’s prices, you may avoid the almost inevitable effects of inflation in the future.

Protected payments

The major drawback of putting everything, including the amount you have paid, into the hands of your local funeral director is the risk of the firm becoming insolvent in the future and going out of business. This carries with it the risk of your losing all you have paid over.

Fortunately, there is a solution to this dilemma and this comes in the shape of a prepaid funeral plan.

It works in a very similar way: you make all the arrangements you wish with your local funeral director and pay for those arrangements in advance. In this case, however, the payment is made to an authorised national provider of prepaid funeral plans.

Using this solution means that anything you have paid out is adequately protected. This protection may be provided by one of two ways:

  • the funds are put into trust and remain safely available until they are needed; or
  • the money is used to purchase a whole of life insurance policy, which pays out an assured cash benefit upon your death.

Either way, therefore, the payment you have made is safely protected and is available to pay the funeral director when the time comes.

If the funeral director you chose when first making the arrangements goes out of business during the interim, your funds are still available for payment to any alternative firm of funeral directors you may care to nominate.

A funeral plan may give you the security and peace of mind in knowing that the burden of financing your final wishes does not fall to your surviving family and loved ones, but has already been taken care of through your own foresight and forward planning.

The Real Reason Why Your Car Insurance Is Costing You A Fortune

One of the priciest things about owning your vehicle is the insurance you have to pay out for it. It can cost several hundred dollars to insure it every year, and on top of petrol and service charges, it can get very expensive to have a car! Here is the real reason why your car insurance is costing you a fortune, and how to keep it down.

The Real Reason Why Your Car Insurance Is Costing You A Fortune

You have been in an accident and made a claim

One of the real reasons why your car insurance is costing you a fortune is because you have made a claim before. When filling in your details for the insurance, they will ask you about previous claims you have made in the last couple of years. Unfortunately, if you have made a claim, it can see your car insurance rise by 20-40%, depending on the circumstances. The best thing you can do if you are in an accident is to try and sort it out without claiming on your insurance. You could talk to the other driver about fixing your own cars without having to make a claim if the damage isn’t too bad. It will save the cost of your insurance going up for the next couple of years!

You have been caught speeding and have points on your license

Another reason why your car insurance is costing you a fortune is if you have got into trouble speeding while driving. Often, it can lead you to have points on your license, as well as costing you a small fortune. If you put this on your insurance details, the cost will rise as well. Here’s a guide to speeding and how to stay in the law when driving. If you have been found driving when intoxicated (DWI), it will also affect your car insurance. You will need to find an attorney to help defend you against the driving charge. You can look online to find lawyers such as Scheiner Law, DWI attorneys, who can help you in the case.

You are choosing too many unnecessary extras

You will also find your car insurance is costing you a fortune if you are paying for too many unnecessary extras. You should ensure you check the pilicy to see if there is anything you could take off to pay less. Make sure you are comparing before you pay out for insurance, as there may be one which is cheaper and is suitable for your needs.

You are using too many miles

Another reason why your car insurance is costing you a fortune is that you are using too many miles. The more miles you say you use when paying out for car insurance, the more it will end up costing you. Therefore, try and use fewer miles so that you can pay less. As we discussed before, some insurances let you pay less if you get a digital recorder for the car. It monitors how you drive, and if you are a safe driver, your insurance will be a lot less!

Also, the car you choose to purchase will affect the price of your insurance. If it’s a very expensive car, you will have to pay a lot more for insurance. Therefore, choose a cheaper car to save money on your insurance.