Many people want to get financial freedom and that’s why they start looking for different business opportunities or jobs or other ways of making enough money. It is important that you remain careful because if you make a wrong move, you end up being a victim of financial freedom scam. There are mischievous people and companies that want to take advantage of innocent people. These scammers are always in the hunt of people who are willing to risk their entire savings in order to get financial freedom.

These scam companies or individuals will take away your entire savings if you get into their trap and will leave you with nothing. It is time to get informed and spot a financial scam if you know what to look for. Scammers will promise individuals guaranteed financial freedom and it is quite easy to get into their trap. They will make false promises saying that you will become very rich in a very short period of time and that also without putting lots of efforts. That’s the dream many people have. Many of us dream about winning some kind of lottery without putting in any hard work. So how will you distinguish between a legitimate business offer and a financial freedom scam?

Those who are into doing financial freedom scams will use a very strong pitch to attract people, but if you study it closely, they are missing a lot of important details. It is easy for these scammers to promise you with a huge amount of money. All you have to do is just respond to their offer by paying down some earnest money or provide your banking details, social security number to them. Then they will use your information to steal your money or identity. So be very cautious before giving out your personal information to anyone you don’t know. It will be wise to decline the offer.

Before doing business with any company, it is important to do a background check on that company and check them with your local law enforcement agencies. A reputed business will have all their information available on the internet. And a scam company will also have all their horror stories published online. After all, you need to take careful steps to keep your identity protected. Everyone wants to get financial freedom, and while you are in the process of achieving it, don’t end up being a victim of financial freedom scam. You need to be diligent and thoroughly check out every business offer that you get and protect yourself from falling into a scam.

• Helpful reading:

http://www.usa.gov/Citizen/Topics/Money/Financial-Crime.shtml

http://travel.state.gov/content/passports/english/emergencies/scams.html

Due to the continuous change in the economy, the human lifestyle is constantly affected, creating more issues and problems, and hence individuals are not able to get satisfaction and contentment in their life. People are making adjustments in their amenities like food, shelter and other commodities in life to fulfill their needs.

Because of this rapid change in economy, many people are searching for other sources of income. Some of them start their own small business, some opt for a much simpler quest of saving money in banks and financial institutions and others are going for risky ventures like trading. This is all done to improve their lifestyle and have a better living. Out of all these options, trading can provide better and faster income solutions.

Nowadays, many people are opting for binary options. Experts believe that trading is not a hard venture as assumed by many people. If you are using the right tactics and platform, you can get amazing and efficient results.

If you are interested in making more profit in binary options, follow these tips and start your own venture.

• Finding out the perfect trading option – Trading offers many options, like stocks, commodities, money and many more. Individuals should also make sure that they have sufficient background in the option that they are choosing from. This will give you more options and help in making stronger decisions for your trading, without wasting time, effort and finances and not get any results. By finding the right trading option, you can also minimize the risks of having deficits and other loses as you trade.

• Making your goals clearer – While trading, it is important to set your goals so that you are able to make clear and concise decisions. This will also allow you to do a proper planning for your venture. When you have reliable and efficient tools and reports regarding the movement of the trade, you can get accurate readings as you trade.

• Finding reliable platforms and businesses – With the help of good knowledge and years of experience from reliable trading companies, you will get a lot of guidance in your trading. They will also help you in finding a legitimate trading platform so that you don’t fell in the wrong hands and make wonderful profits.

Follow these tips before you go into trading. You can also understand the vital factors that can affect your trade, and strengthen your plans to have a better and bright future.

Related article:

http://en.wikipedia.org/wiki/Binary_option

http://investor.gov/news-alerts/investor-alerts/investor-alert-binary-options-fraud

One of the best ways of making money is to invest in the foreign exchange market. This is perhaps the largest and most liquid market in the world. Nowadays, more and more people are getting involved in trading currencies and earn their living. As this market is gaining its popularity, forex scam artists are also trying to cash in money from this business. There are ways to identify these scammers.

The first step is to check out that your preferred Forex broker is accredited with the United States Commodities Futures Trading Commission (CFTC). You can also look for the regulator’s certification on your broker’s website and contact the CFTC to check the authentication of your broker. You must always check the legitimacy of your Forex broker so that you don’t end up getting scammed and lose all your money.

Next, if you see outlandish claims that are guaranteeing high profits in no time, then you need to stay away from them. There is no shortcut in trading currencies. When you are investing money in the forex market, you need to be very much dedicated, investigative, have good analytical skills, knowledge of economics, and consistence practice. This will make you an experienced trader in the Forex market. If you see any scheme that is assuring ridiculous guarantees through unsolicited calls, you need to be careful enough.

Another way of identifying a forex scam is when you see a promotion that guarantees little or no financial risk in trading currencies. There is no such investment that does not have any risk involved. Forex Scam artists will always give you false hopes and guarantee that your investment is secure, or they will invest your capital in the “Interbank Market” and so on. Stay away from people who make such promises. Even the professional traders cannot guarantee that their money won’t be at risk in any given day. It is very hard to predict the foreign exchange market and thus you need to stay away from people who are giving false promises.

If you see a firm that is not trustworthy, then it can be a possible scam. You must check the background, physical address and the performance record of the firm before investing your money. If a firm has the intention of scamming people, then you will find many horror stories about them on the internet. Similarly, a legitimate business will be having all their information with the local law enforcement agencies. Hence, it will become easier to distinguish between a genuine business and a scammer. Stay away from the firms who make bold claims about how successful they are in the Forex market, but unable to prove it in papers.

Resources:

http://en.wikipedia.org/wiki/Foreign_exchange_fraud

In many cases, annuities are used as retirement investment vehicle. They provide the investor with a tax deferred way of calculating interest. There are many types of annuities for different investors with many options, their opportunity for a sizable return, and their safety. Variable annuity is often considered as the riskier annuity. The investor is able to invest the annuity in the stock market, or in mutual funds. Any person over the age of 60 will receive monthly payments, depending on the results of the investments.

If the investor is not 60 years of age, he will still receive the tax benefits, but he won’t get the payment until he reaches 60. Variable Annuity can be for a fixed time period or for life. Most of these annuities offer a money market sub account. This will allow the investor to switch to a secure fixed rate, at any point of time.

Advantages of Annuities :

If you look at the stock exchange market, especially S & P 500 who have an annual return averaging 12%, while historically Fixed Annuities, Treasury Bills, and secure Bonds usually offer single-digit interest rates. A Variable Annuity will allow you to earn much higher returns.

All annuities are tax deferred, and it will be beneficial for many investors over other investment vehicles. It will provide you inheritance probate-free, thereby allowing your loved ones to avoid estate taxes. You can also provide gifts which are completely free of tax up to $10k per year, per person.

Fixed annuities do not provide such higher liquidity like variable annuities. You can make withdrawals as much as 10% annually in the first year without any sort of penalty. And if there is any market change and you are not feeling confident about it, you can move to a fixed rate of interest, providing a very secure investment vehicle. Based on the current market conditions, you can change you risk/return.

Disadvantages of Annuities:

Variable Annuities are not that secure like Fixed annuities or CD’s. When you put your money in the market, it means that you are willing to risk your share. There are some management fees, just like a mutual fund. You must check the commissions or the fees involved.

This investment will give you enough liquidity, but it is not the right one if you need that money tomorrow. Income withdrawals before the age of 59.5 years or by more than the allowable percent per year will result in a 10% IRS penalty.

You must do all your research before putting your money in the market. Overall variable annuities are a good investment vehicle to grow your nest egg tax deferred, but at the same time, there are lots of risks involved. Always seek professional help before making this important decision.

Helpful Resources:

http://www.sec.gov/answers/annuity.htm

http://en.wikipedia.org/wiki/Annuity

Earning money is not an easy job, so you want to make sure that wherever you are investing your money, it will be there when needed. Many people get confused in how to invest their savings in the right place. At times, it can be a complicated and time consuming task. Hiring an investment advisor will be the right choice in such cases.

The job of an investment adviser is to do a market analysis for you, understand your financial goals, and consider the amount of money that you are willing to afford. With the help of these details, he will advise you on how to invest your money in the right place and earn maximum return.

When you work with an investment adviser who is supposed to take important decisions about your finance, make sure that you are working with the best in the market. In the initial stage, you can do short meetings with the advisor with the same kind of approach as you will do with your employer conducting a job interview. Make sure that you have the list of all your questions that you will like to discuss with the consultant before hiring him.

When you talk with the investment adviser, be very blunt in asking who is going to oversee your account. There have been instances where some people thought that only one person is going to look into the account, but later it was found out that his accounts were handled by several different people and that created a lot of communication gap between all the people involved. You must clarify all these points with your investment advisor and that proper communication is done all the time with people whoever has the access to your account and is making investment decisions.

 You should know from your investment advisor how he will take the time to review your current portfolio. This is something they plan on doing regularly. Apart from checking your portfolio and gauging the status of your current investments, they must keep in touch with you regularly to discuss about any changes that may come up. A good investment firm will be diligent about communication and they want to ensure that you stay updated on how your investments performed in the market.

Before hiring any investment advisor, you must clarify his roles and responsibilities. Every firm has its own policies regarding how their investors are going to work with the clients. You must make sure that your investment advisor will be making changes to your portfolio and overseeing all the investments, or if they are acting in a purely advisory role. Once you get the answer to this question, you need to make your decision about hiring the consultant.

You should also inquire about the cost of the services of the investment advisor. The fees will vary from one firm to another. Shop with different companies before you finalize the one who is going to take care of your investments and make your money grow.

Helpful Resources:

http://www.sec.gov/investor/pubs/invadvisers.htm

http://en.wikipedia.org/wiki/Financial_adviser

http://investor.gov/researching-managing-investments/working-investment-professionals/brokers-advisors/research-advisor#.U9vFf6NRG4Z