Monthly Archives: March 2018

Tips to Become Rich with Online Work

People who lost money due to their own ignorance often tell others about the ‘dark side’ of Forex. But these things are not truthful at all, and the reality can argue with false myths. Still, some impressive newbies believe everything they hear. In this article, Justforex team will reveal all secrets and myths about Forex to you and tell whether they are true or false.

1. ‘Forex is scam/gambling/pyramid’. We bet this myth won’t die even if one more hundred of years will pass. If you are a newbie, you’ll hear that Forex is like a big casino for approximately a million of times. In fact, trading on Forex is more serious than gambling. It’s just a market like any other one, food or property market. At the same time, many scammers came here to cheat people, that’s why this myth appeared. It’s not a pyramid either, because pyramids don’t require any logic and experience. In Forex these things have paramount importance and you just won’t be able to make money without them.

2. ‘Choose: Forex or your job’. Many people consider that you’ll have to be glued to your monitor waiting for a signal to open a trade. Fortunately, it’s just a myth, and you can easily combine your job and trading on the Forex market. This legend appeared because of short-term trading. It really requires maximum concentration of a trader. But deals usually are too short, up to 10 minutes. If you are a long-term trader, you’ll need just 5-10 minutes for checking your transactions. Remember that it’s no guarantee that 24-hours trading will make you profitable. Statistics says that 90{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} of traders combine their work and Forex successfully.

3. ‘Any broker wants to deceive a client’. Though there are really some scam brokers on the market, not all companies want to deceive a client to have some little one-time profit. The benefits of such an approach are unpleasant and small. If you have some issue, you can send a complaint to the regulatory authority. Here is a short list of regulators: Belize – International Financial Services Commission (IFSC) China – China Securities Regulatory Commission (CSRC) Hong Kong – Securities and Futures Commission (SFC) India – Securities and Exchange Board of India (SEBI) Indonesia – Commodity Futures Trade Regulatory Agency (CoFTRA) Latvia – The Financial and Capital Market Commission (FKTK) Malaysia – Securities Commission (SC) Russia – National Association Of Securities Market Participants (NAUFOR) Switzerland – Financial Market Supervisory Authority (FINMA) The UK – Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), National Futures Association (NFA)

Note that obtaining a license is not cheap ($20 million without clients’ deposits). It’s unlikely that any broker wants to lose these money and the whole business. Moreover, profitable traders bring profit to the broker (they are commissions and spreads). That’s why many licensed companies try to develop long and high-quality partnership with their clients.

Hiring a Debt Collection Agent For You

If you own a business house, then I am sure you are quite worried about some stubborn customers who are refusing to pay, instead of a series of reminders and follow-ups, right? And that is why every company needs to hire a stable and skilled debt collection agent, who knows the dynamics and knowhow of this industry. It takes years of experience to gain the right amount of confidence and various other qualities, that only a successful negotiator possesses.

But apart from checking the number of experience in their bag, there are four other essential things that you should check. And yes, make sure that he or she is associated with the best collection agency. How will you find the best one? Well, simply browse through the internet and you will come across numerous agencies. Compare the prices, achievements and credentials in order to locate the best one in the lot.

So, here are the five traits I am talking about. Take a look.

 Salesmanship: They should have the qualities of a successful salesman. A successful agent always has tangible solutions ready and knows how to convince a party to make the payment on time. Squeezing out all kinds of required information is another trait of them. They know that there are many frustrated debtors and thus, deals with them tactfully. They do not use any kind of over-aggressive methods. Generally, a reputed business collection agency hires experienced and skilled professionals. But you should take a little initiative and communicate with the agent yourself so that you are left with no doubts.

 Acute knowledge of the industry: The entire process is not at all a cakewalk. In fact, it is quite complicated. A good negotiator has acute industry knowledge which includes the following:

1. Billing
2. Credit approval
3. Payment processes

While talking to him, make sure you ask a few questions, which will help you understand his knowledge on the industry. The science of negotiation requires a lot of skills other than the industry knowledge. For example, he or she should be an able master at understanding human psychology, so that they can understand the willingness of payment in a customer.

 Patience: One of the most important virtues of a successful debt collector is patience. They know that there is no point in hurrying, and the major mistakes are mostly committed when in a rush. Efficient collectors take a lot of time in gathering information and documenting them. So, this is another trait you must not forget to consider while hiring a debt collector. Search online for a reputed commercial collection agency so that you can contact a successful agent easily.

 Optimism: Deb collection professionals should have a strong sense of optimism. They always focus on a “win-win” situation. You will get a clear idea of this quality during the first or second meeting itself.

So, these are the top-most skills that you should be looking for in an agent. Apart from these four, he or she should brim with confidence and must be a good listener. So, don’t delay anymore and start your search for the best collection agency immediately. Save your accounts from going into the “bad debts” column in your final books of accounts.

This A Plan to Make Your Future Financially Secure

Pharma stocks are among the market darlings since a long time and have reached higher sharply in the last few months. Although the pharma funds may delay returns in the short run due to various compliance requirements, in the long run, they are a big shot. As of now with the growing mutual fund industry, the pharma mutual funds are considered to be one of the best-performing sector funds. Among them, the SBI Pharma Fund is the outperformer which has secured the best position in the market. With a NAV amounting to Rs.136.393 as on April 10, 2017, the fund has gained superior possession.

In the long run, every investor desires to invest in a fund that can multiply the income manifolds to provide a huge capital appreciation. On the flip side, the fund managers also get the chance to make the best bet of the invested capital while taking significant risk factors. The SBI Pharma Fund also aims to deliver the highest possible returns to the investors by allocating the funds in the most promising companies across the pharmaceutical sector. The fund is an outperformer in its category with excessive returns.

Investing in pharma sector is one of the best ways of making high growth on capital. The reason being is that this sector has high-growth potential. With a large size of the population in the country, the requirements of pharmacy are greater which make this industry high demanding. SBI Pharma Fund’s review has evaluated that the fund has major investments in the best companies which involve Sun Pharma, Strides Shasun, Aurobindo Pharm, Cipla, and Lupin. These entities have the potential of providing the expected returns on the investments.

SBI Pharma Fund Growth: A Brief Analysis

The primary objective of the scheme is to provide the investors with maximum growth opportunities through equity investments in stocks of growth-oriented sectors of the economy. There are five sub-funds dedicated to specific investment themes, viz., Information Technology, Pharmaceuticals, FMCG, Contrarian, and Emerging Businesses. These all endeavour to generate high-yielding returns on the investments in the long run.

The gains offered by the scheme in the past have been tremendous. The absolute annual returns of the scheme have reached up to 56.3 percent in the year 2014. The annualised returns on the scheme for its three- and five-year investments are 19.3 and 23.4 percent respectively, which are further noteworthy as compared to its peers.

SBI Pharma Growth Fund has the entire investment in the pharmaceutical or the healthcare industry. 97.01{7bacd3b4157d43a6b88d975560cdc707d5369aa15801e12f5fcbfa7263a7b5bc} of the total assets of Rs.1,037 crore as on March 31, 2017, is being put in the equity stocks and securities. The remaining assets are parked in the debt instruments in order to provide regular income and diversification.