Inappropriate Ways Of Investing Money During A Crisis

During a crisis many people have financial problems. But there are still many people, who try to earn money in such difficult time and seek opportunities to earn. Now there are a lot of offers to earn money quickly and without much effort. Here we’ll tell about some of them, and tell whether these offers are profitable or not.
“Take a loan against a pledge of your car or house for 3-4% per month”. It is easy to find such an announcement today, in the newspapers. Banks have stopped lending actively, but the demand for loans has not disappeared, and people began to look for, where they can borrow money. Taking into account that such loans are usually willing to take a 3-4% per month (and sometimes above), for ordinary people, who are unwilling or afraid to invest money in the bank, give someone a loan – a fairly profitable business. For example, a deposit in U.S. dollars in a major bank will bring you an average of $ 10 per thousand in the month, and granted someone a loan – $ 30-40 for the same thousand. The proposal becomes more attractive when you consider that in most cases, these loans are given against a pledge of the car or real estate.
Risks.
At the first glance, the scheme is good and the interests of creditors are protected by natural persons, but lawyers still advise citizens not to go into such schemes. In the preparation of documents on such loans you must take into account a lot of nuances, or the borrower can find a loophole through which he could not return the money. If the loan is made orally and confirmed by a receipt, you must take into account a lot of things – from specifying the date and place of its drawing up the mandatory to the involvement of the witnesses. Correctly composed receipt will help to counter the borrower, if he wants to challenge its legality, and witnesses confirm the fact of transfer of money and the loan amount, – say the financial experts. To secure yourself against problems you can by turning to the notary, who will offer ready-made forms of loan agreements and collateral. Although this is unlikely to be the salvation – if the borrower does not return the money, then you have to seek the truth in court, which will take considerable time and money.
Begin to work on fluctuation in exchange.
After such advertisements are usually hidden so-called forex trading – the international currency market, where speculative trading is the world’s major currencies – dollar, euro, pound, yen, etc. To earn there seems to be simple: just buy some currency, wait while it appreciates, and sell. Moreover, a number of companies offer access to the forex market with only $ 10 initial deposit. Trade is this: you transfer the money into the account at a bank or a brokerage firm (intermediary company between the foreign exchange market and you) and then through a special program to monitor the dynamics of exchange rates and makes a deal for buying and selling currencies, counting the loss or profit. Most companies are even offering to undergo training. But …
Risks.
Firstly, as they told in a brokerage company, with profits in forex there are only 8-10% of private clients.
Second, no major brokerage firm has shown us their license or National Bank Financial Services Commission.
In good position here are the banks, but they work mainly with large customers, whose start-up capital amounts to tens of thousands of dollars.

Economic recession has made many people taking care of their retirement and future, look around for ways to save money and retirement financial planners. Those who are concerned about their future well-being, are recommended to visit this professional financial planner site – the right place online to get professional pieces of advice and learn how organizing personal finances is made.

Fortunately we live in the world of digital technologies. It wouldn’t be good not to avail oneself of this truly unique chance. Current Internet technologies allow us to break the borders and search anything we need all over the world. Check out social networks, check related topics, join discussions in niche forums. All this will help you keep abreast of the events concerning your interests. Also, sign up for the RSS on this blog not to miss the latest publications on the topic.

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