Online Broker Survey – Who Should You Invest With?

The online brokerage business has been growing rapidly within Canada and the United States. The Big Banks are not the only major players as there are many independent Brokerages participating and this has lead to dramatic cost cutting and improved services.

According to the latest Globe and Mail Survey of the online brokers dated October 6, 2007, more and more brokers are now charging under $10 a trade as long as the investors account has a minimum of $50,000 to $100,000; this is a huge reduction in costs to investors who were previously paying $24 to $29 per trade.

This Globe and Mail Survey evaluated the online brokers based on 7 points: Costs and Fees, Customer Satisfaction, Tools and Research, Website Utility, Website Security, Trading Platform, and Investment Selection. The survey results were interesting because the top two brokerages were independents followed by the cash rich banks.

The online brokers surveyed included 14 and ranked as follows:

1. Qtrade Investor

2. E*Trade Canada

3. TD Waterhouse

4. BMO InvestorLine

5. Credential Direct

6. RBC Direct Investing

7. ScotiaMcLeod Direct Investing

8. Questrade

9. TradeFreedom

10. Disnat

11. CIBC Investor’s Edge

12. National Bank Direct Investing

13. HSBC InvestDirect

14. eNorthern

In this ranking, the target audience considered is mainstream investors who have RRSPs, are interested in more than stocks and the focus for the evaluation was online service.

To determine if opening an online direct investment account if right for you answer the following 5 questions:

1. Have I acquired the amount of investment knowledge to invest successfully? If you answered no to any of the above questions then opening an online brokerage account is not the best method for you to invest. Under this scenario an investors is better served by receiving guidance from an investment professional such as an investment advisor. Why face the ‘sink or swim dilemma’ when there is a boat?

2. Do I know where and how to research stocks, bonds, options, futures?

3. Do I know what types of investments are RRSP eligible?

4. Do I have the time to research investments to make informed decisions?

5. Will the cost savings outweigh the time and effort required for me to invest effectively?

Personally, I have toyed with the idea of opening an online brokerage account; however, I feel that I get a lot more out of employing an investment advisor who can provide me with lots of great ideas and opportunities that I otherwise would not encounter; further, I feel spending my time on my career and family is more important than saving $50 a trade.

Investing in Life Settlement is a Good Thing for a Prosperous Life

There are various financial plans in the offing and people are also investing in them, as they offer more benefits in terms of money and security too. The latest one to attract attention is life settlement schemes. However, before investing in such plans and programs, it is necessary to obtain useful and ample information on the products for a safe future.

It is a well-known fact that people invest in many financial plans so that they get secured for their lives. However, life is a vicious circle that can force anyone to suffer both emotionally and financially. Therefore, people get themselves insured for life; even if life plays havoc, then these things can be taken care of. Hence, it is a good idea to invest in such programs for a relaxed future. With the advancement in financial sector, and life settlement market, senior citizens are capitalizing are investing in these kind of programs for a better life. The settlement policies and plans offer them with a chance to cash in their life insurance in a new way. Instead of selling the policy to the life insurance company, investors can hire services from such brokerage firms to get the maximum out of it. There are several companies that offer lucrative deals from such firms. However, life insurance policies are long-term investment plans that can only be beneficial after a certain point of time, whereas, these policies provide long term and instant recovery schemes to the investors that will again benefit immediately.

Moreover, these settlements can be sold according to the investors need and comes with proclamation services like transfer of ownership. Such a settlement of your insurance policy, is a financial transaction in which a policyholder gets an opportunity to sell it at his own will. Therefore, one can add that investing in life settlement enables the policyholder to decide on the future course of action. Hence, such policies are the best options available for people who want to lead a comfortable life. Thus, do not think much as investing in this is a great move for a secured and wealthy life. However, if one is in dire need of money and his or her circumstances are not letting him or her to take up a loan due to the lack of information on various financial plans, then it is advisable to make investments in the information on hands as it makes life easier.

One can additionally do many things through investing in these schemes, like make payments for unpaid bills, purchase a house or even pay the medical fee. Well, investing in such plans also lets the investors to travel for leisure or for treatment in other place or even country. The various other factors that force people to make investments are the ever-changing trends of finances. In fact, security is the main reason for investing in such plans as they offer constant respite to the investor. Investing in life settlement helps in selecting the most beneficial scheme that has advantages. Therefore, do not hesitate and call an agent for a lifetime security immediately.

Business Ideas For Home – How to Turn Business Ideas For Home Into Working at Home Success

People are looking for business ideas for home. This is the toughest economy that many people have experienced in their life time with high gas prices. Don’t let it get you down because you can find a home business to get ahead. There are things that you can do to find a home business by knowing what to look for and how to market it. Once you take your financial future into your own hands then there is nothing that your old job or the government can do to bring you down.

Getting Ideas

Getting business ideas for home is pretty easy. Start by writing down the things that you like such as your hobbies, business skills, and any other type of skill that you think are marketable. Then go to Google and do a search for “home based businesses” and write down the ideas that pop at you. Also take a look at the paid results on the right side of the page. You might get lucky and find something right away. If not go over the list very carefully and start narrowing it down. Keep in mind that there are some things that you need to look for to find the right business for you.

Getting Started

Starting a home business is pretty easy but there are some things that you need to look for. Look to make sure that the company offering a business opportunity has a track record and a physical address with a working phone number. A lot of fly by night companies only have a bad web page asking for your credit card and do not offer any credible contact information. Also determine if you are going to have enough time to run your business. Many people get into business and think that it will make money by it self and it just doesn’t work that way. Once you find something then its time to see how you are going to run and market you business.

Effective Marketing Is A Must

Marketing your business will be the biggest ongoing challenge that you will find, because many people do not know how to properly market their businesses. Most think that “if you build it; they will come!” That might have been true at the movies but not true in real life. This is where most business owners fall short and their businesses fail. So when you are looking at an opportunity you must find out if there is any marketing training that comes with the business and how adequate it is.

Need Great Training

Lack of training is the biggest shortcoming on most online and home based businesses. Seriously think about it carefully. Would you join a business if they did not provide training? The sad truth is that many people do join programs or start a home business only thinking about how much money they are going to make. They press submit button after filling out the online form and feel like they are on business cloud nine but nothing has happened yet. But once their enthusiasm goes away they are left floundering around trying to figure out how to get started. Don’t let this happen you. If you feel like you need a lot of help getting started then think of a business that follows the franchise model.

Franchise Model Works

Franchises are not great business ideas for home but the franchise model is. Look for an opportunity that has the business model plus the marketing training. You can take advantage of this business model for your home based business and why not? Do you think that you could feel a lot better with your home business with an easy to follow step system to run your business? You bet you can. Drive down Main Street and count the number of franchises that you see. This model works on Main Street and it also works on your street.