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4 Tips for Selecting the Best Penny Stocks

Often, making the decision to trade penny stocks is easy. Deciding which stocks to invest in is much harder. It takes quite a bit of research and practice to become a savvy investor with this type of stock. Fortunately, there are several strategies you can use to increase your success rate. Use these tips to help select the best penny stocks.

Evaluate the Company

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There are many extremely volatile companies available to invest in through penny stocks. While this offers a chance to earn high returns, you can potentially lose money if you invest in a company that’s not trustworthy or is about to go bankrupt. It’s important to take a close look at the company before you invest, even if you’ve received a hot tip from a friend or have seen the company mentioned online.

First, make sure the company is profitable. It needs to be making money, not losing money, in order for your stock value to rise. Next, check whether the company has ample assets to cover possible contingencies. Finally, see if it has a strategy to grow the business. If you want to be profitable with your investments, you need to find a company that will be profitable on its own, regardless of how many shares are purchased.

Use Scanners

There are thousands of penny stocks from which to choose, which can make it incredibly difficult to find the ones with the potential for big returns. However, stock scanning tools can help to weed out the stocks most likely to fall in value and pick out the potential winners among the group.

There are a number of stock screeners available online that can help you with this step. Simple add the stocks in which you’re interested to a list, then apply a filter according to your own search standards. For example, you might filter your results according to volatility, chart patterns, price, or performance. It especially helps to search for penny stocks with potential breaking news, high relative volume, and a float below 100 million shares.

Learn the Chart Patterns

Penny stock charts can offer a lot of insight into the potential success of a particular company. If you review these charts frequently, you’ll start to see patterns arise. Watch out for stocks that are experiencing a sudden and unexplained price dip; this typically reverses to give you a great payoff. You can also look out for stocks that are going against trend by holding steady despite an overall market dip, which indicates a potential gain when the market recovers.

Watch Out for Dilution

You may see an unexpected drop in the share price of a particular penny stock if dilution becomes an issue. This occurs when the number of shares increases rapidly, causing the value of individual stocks to fall. Dilution often occurs when a company issues employee stock options or when shares are issued to a major investor.

Look to invest in companies that have a solid share structure. If dilution occurs consistently, it will cause the value of your shares to drop dramatically.

Familiarizing yourself with the world of penny stocks can help you improve your trading results. Create a better financial situation by using these tips for successful penny stock investments.


8 Ways to Reduce Credit Card Debit and Get Your Finances Back on Track

eraser and word debt concept of Reduce Debt

Did you know that the average American has a credit card balance of $6,375?

That’s right, so if you’re struggling with credit card debt, you’re not alone.

It’s easy to feel hopeless and overwhelmed by your debt, especially if it’s spread over multiple cards and keeps increasing. Luckily, it is possible to get your finances back on track with a few smart steps and some small changes to your spending.

Keep reading for eight ways to reduce credit card debt today.

1. Stop Using Your Credit Cards

Already got way more credit card debt than you can handle?

Don’t spend any more on your cards.

While it’s tempting to spend a little extra once you’re already in a ton of debt, this is really counterproductive. The faster you learn to stop using credit cards and live within your means, the faster you’ll be debt-free.

If you struggle with self-control, try giving your cards to a trusted family member for a period of time.

2. Try to Negotiate Lower Interest Rates

Didn’t know you could call your creditors to ask for lower interest rates?

Well, you can – and it’s an effective way to make debts much more manageable.

To negotiate properly, know what your current interest rate is and compare it with the average interest rate for other credit cards of the same type. Armed with these facts, you’ll be in a good position to get a reduction.

Mentioning how long you’ve been a customer, how regularly you make payments, and how good your credit score is can also boost your chances of getting the result that you want.

3. Pay off the Highest Interest Card First

Once you’ve negotiated the lowest possible interest rate on all your cards, you’ll need to decide how to pay them off.

It might seem like a good idea to pay a small amount on all your cards each month, but this isn’t actually the best method.

To reduce debt as fast as possible, you should pay large chunks towards one card, while paying only the minimum on your others. Start with the card that has the highest interest first, then work your way down.

Using this method means you’ll knock large chunks off your debt faster, and you won’t waste more than you need on paying interest.

4. Consider a 0% Balance Transfer

If you’ve got lots of debt on cards with high-interest rates, it’s worth considering a 0% balance transfer.

Some credit cards offer a promotional 0% interest rate, so if you transfer all your debt onto one of these cards and pay it off before the promotional period ends, you could save a fortune on interest.

Make sure you’re able to pay before the promotional period ends, or you could end up paying unexpected interest.

Balance transfers usually incur some small fees, so it’s important to check the small print and do what’s right for your situation.

5. Consolidate Your Debt with a Personal Loan

If you’ve got debt on multiple high-interest credit cards and you’re struggling to juggle everything, it could be worth consolidating your debt with a personal loan.

This basically means using a loan to pay off all your credit cards at once, then paying one larger loan payment each month.

This can make things much simpler if you’re finding it hard to make payments in lots of different places each month. Depending on the interest rates of your credit cards vs your loan, you may also have less to pay off overall.

It’s definitely worth looking into personal loans if you’ve got multiple credit cards to pay.

6. Create a Realistic Budget

Regular spending on credit cards for day-to-day expenses is a sign that you’re not managing your money correctly. You should never spend more than you can afford to pay back, and credit cards shouldn’t be used to make ends meet.

Sit down and track all of your incoming and outgoings, and you’ll have a good idea of where you currently stand.

If you’re currently spending more than you earn, it’s time to cut back.

Making small changes, like looking for ways to reduce bills or buying off-brand food at the store can make a big difference.

If you’ve always struggled with money, it might be worth attending a budgeting class or seeking help from a more financially-minded friend.

Sticking to a sensible budget will help you to save money and pay off your debts faster. It will also mean you might not need to use credit cards at all in the future.

7. Look for Ways to Make Extra Cash

If you’ve got some free time on your hands, it’s worth looking into methods of making a little extra cash to go towards paying your debts.

You could sign up to paid research projects, fill in surveys online, or take part in website testing. If you’ve got old clothes, games, or other items that you don’t need, look into selling them online or at a garage sale.

You could even look into getting a part-time job on top of your regular work if you have the time.

8. Don’t Throw Away Your Credit Cards

Once you’ve managed to pay off your credit cards, you might want to throw them straight in the trash – and that’s understandable.

However, using credit cards in a sensible way and paying them off in full each month actually improves your credit score, which makes life easier if you ever want to take out a loan or get a mortgage in the future.

Confused about how much credit card debt is too much?

There’s a really helpful guide already online – see page.

Who Should Try to Reduce Credit Card Debt?

If you’re feeling stressed and overwhelmed by your credit card debt, have multiple high-interest debts, or are using credit cards to cover day-to-day expenses, it’s time to make a change.

Follow the eight simple steps above to reduce credit card debt and take control of your finances once and for all.

Want to learn more about when you should and shouldn’t use a credit card? Check out this useful blog post.


Improving Cash Flow With Business Working Capital Loans

Do you have enough working capital for your business’ daily operations?

Let’s face it! It’s hard to operate a business if you’re having troubles in keeping a stable financial status. It takes cash flow to keep things going.

As a business owner, it is important to understand your options when it comes to improving cash flow.  That’s where business working capital loans can help. Business working capital loans are available to help you support the everyday operation of your business. It can also help improve your business’ cash flow. This type of loan offers a lot of benefits to its users.

Today, this blog will talk about working capitals from trade financing Hong Kong and how this can be relatively helpful to your business.


What Are Working Capital Loans

Working capital is your business’ capital that is being used in your daily operations. Business working capital loans are a type of loan that can help you pay the operational needs of your business. This includes the rent, payroll, and debt payments. You can even use the loan to buy office supplies, tools, or equipment. You can use it any way you want to.

Business working capital loans can be used to finance anything you need. However, working capital loans are rarely used to purchase investments or long-term assets.

Examples of long-term investments or assets are stocks, bonds, real estate and cash that it intends to hold for more than a year.  In most cases, business owners are using the loan to cover the expenses of paying monthly wages and salaries.

More About Working Capital

As I mentioned, you can use business working capital loans any way you want. The key is to make sure you use it strategically beneficial and profitable for your business. Don’t waste the money from the loan on useless things that does not even help your business.  Use the money on things that can help your business grow and attract more customers and patrons.

The loan can be used for expansion, maintenance, or giving improvements to your business. Here are some uses for business working capital loans:
·         Hiring additional staff,
·         Paying taxes, and
·         Expanding inventory.

You can even use the business working capital loan to purchase new equipment or improve a product.

Figure out what your business needs and then use the funds to help fill in the gaps. Be sure to think twice every time you are deciding how to use the funds. Though this loan is used to finance short-term assets, you still need to think ahead. Thoroughly decide what will be best to make your business last. Best to ask for an agent at Trade finance Hong Kong to help you make an sensible decision.

Lastly, even if you acquire a working capital loan, you still need to manage your business effectively. The loan will only assist you on financial matters.

Why Businesses Need Working Capital Loan

Every business can make use of business working capital loans to finance its short-term operational needs. This allows you to preserve your business’s capital.

Many businesses do not have enough funds to support the daily, quarterly, and annual needs of their business. The cost of the equipment, wages, and daily operations can drain all of your savings in just a matter of months.  And one or two “emergencies” can spell disaster.
Some businesses became successful even if it was self-funded.

But… only a few of them have managed to sustain their success. Many businesses ultimately run into a situation where insufficient funds have kept them from running day-to-day operations. That is just one of the main reasons why startup or new businesses need external funding.

Cyclical sales are another reason why many businesses need a working capital loan. There will be a time in the year where sales go up and times when it is down. If your business is somehow affected by a cyclical industry, you need a business working capital loan to support the expenses during the slowdown periods. This will save your business from having a lot of debts and bankruptcy.

Overmore, you acquiring a working capital at Trade finance Hong Kong can be really helpful in ensuring the success in your business.


So You Want to Invest In Cryptocurrency: Read This First!

investing in cryptocurrency

For many, the world of cryptocurrency is enticing. After all, most people remember when Bitcoin made headlines when its value soared, and getting your hands on the next big success could be life-changing. However, it is important to be smart before you commit your hard-earned money. If you are thinking about taking the leap, here’s what you need to know.

Read More


8 Outstanding Passive Income Ideas That Will Make You Money While Snoozing

Businessman resting on a chair and faucet from which the money flow

When it comes to ensuring longtime financial stability, there’s one keyword that comes to mind: diversification.

It’s common knowledge at this point that many Americans can’t build wealth off of traditional 9-to-5 jobs. This is a systemic problem that has no clear solution, meaning, for now, Americans need to get smart about how to make extra money.

Finding sources of passive income can be the best and smartest way to reach economic stability. Time is money after all. If you can be cushioning your bank account while away or at a different job, why wouldn’t you?

The idea of passive income is an enticing one, but many Americans don’t know where to start. If you find yourself in that same boat, read on. We’ll walk you through eight amazing passive income ideas that can help you bring in the dough in 2019.

1. Rent a Room

Paying rent or your mortgage can be one of your biggest expenses each month. An easy way to take a chunk out of that cost is to use any extra space you have to your advantage.

Renting out a spare room can be easy and doesn’t require too much extra work. You could use a popular website like AirBnb to list your room, or simply rent it out through friends and friends of friends when they come to town.

The only work involved in renting a room is the preparation and clean you’ll have to do on either side of a stay. But for the amount of money it could bring in, this small work is well worth the cost.

2. Start Investing in the Stock Market

The classic form of passive income is one of the backbones of the American economy: the stock market. You’ve probably had parents, relatives, teachers, and so forth bother you about investing from a young age.

The stock market can be a risky and cost-prohibitive door to passive income. If you have a lot of money and are looking to make more, there’s hardly a better place. if you’re looking to make passive income because you don’t have much money already, it might not be the place for you.

If you really want to see some money come in, you could invest in dividend-paying stocks, which give payouts to shareholders each quarter. Make sure to do your proper research before investing in any particular stock.

3. Affiliate Marketing

If you run a website online, you have a large source of potential passive income already available at your fingertips. Even if you don’t, website hosting is relatively cheap considering the high potential for profit.

If you include affiliate links on your website, you’ll receive a commission anytime a user buys a product. No further work has to be done on your part. Some website owners are making over $50,000 a year through affiliate marketing.

But that’s not the only form of passive income you can make through your site….

4. Lead Generation Sites

You could also make money from linking and referring to local business. For example, let’s say you run a website about law, lawsuits, and settlements. People online come to your site to find the information they need on such things.

Local law offices and lawyers may pay you to have you refer web visitors to their services. They also may pay you to include links or advertisements for their services on your site.

This system can work for almost any topic or subject matter, depending on your personal interest.

5. Cryptocurrency

If you want to be on the cutting edge of passive income possibilities, consider investing in cryptocurrencies. New forms of financial systems, such as Bitcoin, are increasingly becoming the topic of discussion.

Those who invested in bitcoin at the beginning of its existence are now millionaires. While much is still not known about the future of cryptocurrency, it’s a path well worth looking into if you want to make some passive income.

If you’re confused about how cryptocurrency works, you can peruse this great resource to learn more.

6. Create a Mobile App

This one requires a lot of work up front, but the payoff can be endless and limitless. If you know anything about tech design, creating an app doesn’t have to be difficult.

If you can figure out a simple need that people need to be filled, creating an app for it can start sending money your way for years to come. There are many individuals who make thousands and thousands of dollars a year off apps they created.

Once an app exists and is on the market, it never has to stop making you money.

7. Rent Your Belongings

Do you have things in your house you barely use? Consider lending them out to people who need them. Lawn mowers, ATVs, recording equipment, party tents, ladders… there’s a million odd-objects you might own that could help someone else.

Sites like Craigslist and others can help connect you with people looking for such items. When going this route, just make sure proper care is taken in arranging the trade. You don’t want to get screwed over or robbed.

8. License Your Photography

If you’re pressed for cash this year, turning your favorite hobby into a source of income might be a great move. If you have an eye for stunning vistas and charming framing, there are many online who might be interested in your photography.

Consider partnering with a licensing site such as Shutterstock and getting your photos out there in the world. Interested parties can buy the rights to your photos, and the money will go straight into your pocket.

Passive Income Ideas for Your 2019

No one will complain about having a little more money in the bank. These passive income ideas can help you flourish financially this year and take advantage of the life you’ve always wanted to live.

Want more financial help? Check out our toolkit for more helpful resources.