Comparing (waiters jobs) Types of Stock Brokers
No commentsBy Raul Levine
Investing in the stock market has become more popular than ever. And especially since brokerage services now offer Internet transactions that can be placed from home, work, or from the local cyber caf; individuals have begun investing for themselves without the help of a full-service broker. But many find that they either don’t have the time to properly research their stock picks, or they lack the expertise needed to successfully trade the market. For those who want professional help, there are both full and discount service brokers.
The traditional full service stockbroker does more than simply buy and sell stocks for clients. A qualified full service broker will also act as a financial advisor, to help clients choose stocks that are appropriate for their particular needs and investment goals. For example, a full service broker may recommend steady, dependable stocks that pay a quarterly dividend to someone who is on a fixed retirement income. To a younger person trying to grow savings into a nest egg, a broker might take a more aggressive approach, and recommend stocks that carry more risk but also have more upside potential, like small companies in new and revolutionary technical industries. The full service broker will evaluate a person’s entire financial situation, and then help pick stocks to enhance one’s portfolio. Each time a stock is bought or sold, the broker also handles every detail of the actual transaction, by calling in the order and following up to ensure that it was properly executed. A full service broker is in charge of the day-to-day technical details of buying and selling, but is also a professional who gives stock market advice and educates customers about stock market strategies.
The discount broker, on the other hand, may be equally qualified, but does not dispense any advice to customers. Even if the discount broker can see that a client could use some guidance and personal advice, he or she will refrain from playing that role and will only follow the client’s orders to buy or sell specific stocks. In other words, these brokers will assist in doing the technical tasks involved in participating in the major stock exchanges - something that ordinary consumers can’t do because it requires training, licensing, and certification. But if you are confident that you can make your own stock market decisions without anyone’s oversight, a discount broker can execute your trades. Because they are not responsible for picking successful stocks for you, they don’t charge as much money. A full service broker charges for doing research and giving professional advice, in addition to other brokerage duties. But a discount broker only charges for basic buying and selling services.
Discount brokers charge a fraction of what full service brokers charge, and they are a good and economical choice for those who prefer to do their own research and analysis of the stock market. But you don’t have to limit yourself to one or the other. Many investors use both types of brokers. They may have part of their portfolio of investments under the care of a full service broker, and then trade other stocks on their own, through a discount broker.
Choose one - or one of each - for your own stock market transactions, and see which works best for you once all the fees are paid and you have a chance to evaluate the wisdom the stock picks made by your broker and by yourself.
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A Look at the Hilton HHonors Platinum Card
By Raul Levine
American Express dedicates its financial services typically around travel-plannings, and offers great travel rewards with its credit cards. The Hilton HHonors Platinum Credit Card from American Express is one such service meant for those frequent travelers who wish to grab the lucrative discounts on stays at Hilton Family Hotels.
Hilton Family hotels have a worldwide networking. If you plan for frequent stays at Hilton hotels and enroll in the Hilton HHonors Platinum American Express program, you will obtain points for money spent on purchases and stays at HHonors hotels. These points can be carried forward for free hotel stays, travel rewards, and other benefits.
How Do You Earn The Points?
The key reward program of Hilton HHonors Platinum American Express is the points, which you earn through purchases redeemed at hotels within the Family of Hilton hotels. To know more about the points go through the details:
-Essentially, you can earn five bonus points for each dollar spent in Hilton family of Hotels, along with three points for every dollar, towards hotel stays in future. You can also earn 5 points on eligible purchases from restaurants, grocery stores, drugstores, gas stations, restaurants, the U.S. Postal Service, supermarkets and similar avenues.
-Get 10000 HHonors bonus points after your very first purchase with the Hilton HHonors Platinum Card, which is enough for a free night’s stay at any of the Hilton Hotels.
-For the first 4 stays, you will earn 2500 at a Hilton Family hotel and 500 points for each stay after that. Not only this, you can earn frequent flyer miles along with bonus points for a qualifying hotel stay.
-Your points will be redeemable once you go past the 7500-mark.
-Points never expire as long as the card is active (at least once each year) and there is no yearly-limit for points that can be earned.
The free night will depend on the category of the hotel you choose, normally an opportunity category hotel costs around 10,000 points, whereas a category 6 hotel would take 40,000 points.
Some Features
Have a look at the some of the features of Hilton HHonors Platinum American Express that you would like to be familiar with:
-There is no annual fee
-Get bonus points for free stays at Hilton family of hotels
-Additional benefits and services in hotels for cardholders.
-There is no pre-set spending limit,
-The introductory rate for purchases is low
-No balance transfer fee in the beginning. Although, future balance transfers may incur a fee which is already divulged at the time of the applicable transaction.
The initial APR is 2.90%. This continues for the first six months and then the rate climbs higher.
More Details
Other fees attached to Hilton HHonors Platinum card include:
-Late fee of $19 on balances upto $400 and $38 on balances of $400 and above
-Over limit fee of $35
-Cash advance fee of 3% and $5 minimum for Express Cash transactions
Other benefits
Apart from reward program and signature benefits, Hilton HHonors Platinum American Express does offer you the several common benefits and services which include- auto rental insurance, various services related to protection services, travel accident insurance, and discounts from the Offer Zone (it provides access to discounts, offers, and special events).
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Strategies for Planning Wealth
By Haywood Dickerson
The last ten years has seen massive wealth growth in the United States. This brings up the issue of wealth planning, particularly from a tax perspective.
Got Wealth?
There is little doubt that the overall wealth of a significant percentage of Americans has grown like a weed in your garden over the last 10 years. There are a variety of reasons for this growth. Real estate appreciation has set historical records. Stock options are creating massive paper wealth, while also creating tax nightmares. Demographically, a bulge in our population, the baby boomers, are reaching retirement age. Regardless of the reason, wealth planning is becoming a big issue for many people.
Wealth planning strategies tend to be very detail oriented. They also tend to be an option only for certain situations. As a result, you need to speak with a professional regarding each particular strategy to determine if they are of assistance to your situation. These techniques are not universal solutions like stuffing money into a 401k, so don’t take them as such. Let’s take a look at one popular strategy.
Once wealth planning strategy that is very popular deals with real estate. The strategy focuses on making a fixed asset, the equity in your home, grow. Many homeowners do not realize that the equity in their home is not growing. Instead, it is the value of your home that grows, which creates ADDITIONAL equity. Let’s look at an example.
Assume I own a home worth $1,000,000 and have $500,000 in equity. The equity is just sitting there. It does not grow. If the value of the home drops to $900,000, I still have the same amount of equity. If the home appreciates by $100,000, I get an additional $100,000 in equity because the house increased in value, not because my original $500,000 grew in any way. If you can get your mind around this concept, you will realize the problem.
The strategy for this situation involves turning the equity in your home into a growing asset without taking on any additional risk. The process is very simple, but a masterful one. You refinance the home to remove as much of the equity as possible. The equity is then put into no risk custom life insurance product. It grows tax free in the product, which is based on the performance of the stock market. If the stock market has a negative annual return, the insurance policy is tailored to eliminate the risk by setting your annual gain or loss at zero. Put another way, if the market loses 10 percent this year, you lose nothing.
This simple strategy is a tremendous way to double the wealth you gain on your home. Instead of just being happy with the appreciation, you get both appreciation and the tax free gains in the insurance policy. In laymen’s terms, this lets you leverage your property for double gains.
Wealth planning strategies are very subject specific. The above one works with real estate, but no other subject. To identify the best solutions for your situation, you should consult with a top tax attorney, financial planner or accountant.
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