Making Money to Change Lives

Improving the lives of the less fortunate should be a goal that everyone aspires to. But when time is short and funds are low, what can you do to lift others up without overwhelming yourself? Believe it or not, there’s a long list of easy-to-do ideas that can help you rack up much-needed organizational and supply funds for your favorite charities without making big financial mistakes. When the call for aid sounds, try answering with one of these simple solutions.

Raid Your Own Closet

From direct donations to a community clothes closet to local consignment stores to online clothes-selling sites, the pants, tops, and dresses you no longer wear could be a potential goldmine for a needy charity. To ensure the smoothest experience and the most money, make sure any clothes due to be donated or sold are washed well, don’t have any strong or unpleasant odors, and aren’t broken (articles with missing buttons, zippers and so on aren’t likely to be accepted).

For services like mail-in envelopes for online clothes sites, make sure you’re sending in a decent amount of clothing to get the best return on your work. Some people designate one or two days every year to gather up and send in their unwanted duds.

Not sure how to separate must-haves from the must-go pieces? On January 1st or any other day of the year, turn all of your closet’s hanger hooks the “wrong” way, with the hooked end facing you. As you wear and wash each item, hang it back up the “right” way. That way, you can look in your closet the following year and know that all the “wrong” hangers hold clothes that just don’t spark interest anymore.

Sell Other Items for Charity

With the rise of easy apps like the Facebook Marketplace Community, it only takes a few minutes and a cellphone with a camera to sell just about anything for cash. From leftover bags of mulch to an unused bicycle, with a little effort, anything can become a new source of income for your favorite cause.

Gather up several items at once and list them at the same time to increase your chances of one buyer snapping up multiple items, allowing you to make money with ease. Use clear photo shots (exhale just before hitting the shutter button to reduce blurriness) against a white background whenever possible.

If you prefer to use a more well-known platform for a large charity, the eBay Giving Works platform allows you to designate a percentage or whole of your item’s sale price to a registered charity of your choice. If you don’t have anything to sell personally, consider patronizing the charity directly by buying tickets to their events, bidding on silent auction items they may be selling, or purchasing necessary household items through a percentage-donation platform like Amazon Smiles.

Do a Shopping Assessment

Many companies have started noticing that people vote more with their dollars than ever before. Large chains like Target have started partnering with local charities and schools to donate a portion of sales proceeds in a given period of time. Even warehouse stores like Sam’s Club have followed suit, allowing customers to buy the items they need while supporting the charities they believe in.

If you’d like to put your money where your heart is, ask your cause if they’re partnered with any local businesses or store chains. If the answer is no, suggest a few popular businesses that offer this service and cater to fellow charity-lovers; not only will you be supporting them with your own purchases, you might just be helping them add up a windfall!

Use Apps to Search

Certain apps also allow you to connect your shopping loyalty cards to charitable causes, monetize your internet searches for spare donations, and so much more. If you’re going to spend money anyway, why not make sure that every dollar does some much-needed good?

If you’ve done volunteering and still wish you could do more, these ideas are a great way to make a huge difference. The financial needs of a charity are significant and varied, and chipping in with efforts like these can help take the pressure off of their bills.

 

 

The Basics Of Trading Online Through A Forex Broker

There is practically no one who does not like to earn money from home. These days, trading online has become one of the most convenient ways of earning money directly from your home or office.

What is online trading?

Online trading is basically a financial trading system on internet where the traders trade assets through an online trading platform. Before starting trading online with https://www.xtrade.com/ we need to understand the basics and essentials of it. You need to be patient and try many systems and platforms before you jump in.

When you start with the trading, you need selecting a good online trading Forex broker and a good online trading software platform. The knowledge of computer is required, fast internet, online banking account and online trading account are required to start trading online. In addition the online trader needs to know the knowledge of trading the financial asset like stocks, Forex, commodities etc. and the factors affecting the movement of the prices of these assets.

How to start trading online?

If you want to start online trading, you need to first select which of the financial assets you want to select. You can choose from a wide variety of markets like stock exchange, Foreign exchange, commodities market, CFD trading and others. After selecting a financial asset look for an online Forex broker providing such services. When you trade online, it is the online broker who provides the facility for you to trade online. Select a good and reliable online broker of your choice and first try their services with a demo account to test it.

Testing The Forex Broker

While testing the Forex broker it is also important to check the software trading platform provided by the broker which should be good enough for you to trade efficiently. A web based software trading platform is generally preferred than a downloadable software based trading platform. Select the best broker and the trading platform and open an account with the broker and start trading. There are some basic tips you should follow when you start trading online. Don’t start overtrading right from the beginning and start trading with low investments to understand the trade first. You should trade with a discipline and trade with proper strategies in place which bring success to the account you have at your Forex broker. Always try to cut your losses and grow your profits.

Safety measures for online investors

  • Here are the safety measures you should follow when trading online.
  • Never share your online account password with anyone whom you do not trust
  • Before starting trading professionally, understand your trading software fully and how to run it
  • Be prepared for losses too because they are the part of the big game
  • Always logout when you finish trading online
  • Don’t use cyber cafes to trade online because someone else can use your account if you do not take safety measures
  • Keep your computer updated with the antivirus software to avoid hacking of your trading account

How to Invest In a Broad Selection of Assets?

Asset allocation is an important technique used by successful investors to balance the risk vs. reward ratio by diversifying their portfolio based on the investment goals, risk tolerance and time frame of investment. Once the investor decides his investment goals and risk appetite, he starts to narrow down his investment budget and starts dividing his funds among various asset classes based on their risk/reward profile. The broad range of asset classes which share similar risks versus returns ratio includes:

Bonds and Securities: They provide fixed income on regular basis and can be short-term or long-term, Corporate or Government Bonds. They can be based on domestic or foreign markets.
Stocks: Stocks are the most traditional assets which can be categorized based on sectors, small-cap, mid-cap and large-cap, dividend yield, growth, value etc.
Commodities: This includes precious metals like Gold and Silver, energy and fuels, agricultural produce, other metals like copper, iron etc. They do not yield regular income to the investors.
Derivatives such as futures contracts, stock options, binary options, collateralized debt etc. These are financial instruments derived from other form of assets such as stocks and commodities.
Collectibles like ancient stamps, historical documents, ancient coins and artwork.

Apart from the above asset classes, some investors also prefer to invest in private equity, foreign currencies, mutual funds, real-estate, insurance products etc. The reason investors prefer to spread their funds across different asset classes is to ensure minimum losses and higher returns on investment. Before investing in any asset, investors have to analyze the pricing versus performance of the particular asset and then decide the percentage of funds they should allot for same. Investors also follow different asset allocation strategies such as core-satellite asset allocation, tactical asset allocation and strategic asset allocation.

Tactical Asset Allocation – This is an aggressive investment strategy in which the investor tries to position his/her investment portfolio among assets which yield the highest returns.

Strategic Asset Allocation – This long-term investment technique aims to maintain a diverse portfolio which can guarantee optimal balance between ROI and expected risk.

Core-Satellite Asset Allocation – It is a hybrid investment technique which makes use of both tactical and strategic asset allocation methods.

Investing in broad selection of assets is very important in order to remain profitable during tough economic conditions. You should diversify your portfolio by investing in disparate asset classes so that even if one of the assets is not performing well, other assets will help you maintain the balance. You should also plan to diversify within a single asset class by analyzing the market conditions. For example, when you are investing in stocks, you should not concentrate on one particular sector or stocks of any individual company. You should invest in stocks of different companies belonging to various sectors and diversify your funds across large-cap, mid-cap as well as small-cap companies. You should not just invest in U.S stocks but also concentrate on foreign stocks of emerging countries with potential growth opportunity. You should follow the live news feeds and keep watching the market trends through various technical indicators such as charts and graphs. Always have the economic calendar handy with you and don’t miss the important market updates and financial announcements. You can also purchase Equity funds which have long-term growth potential by investing in shares of wide selection of companies. Some equity funds also guarantee regular income which is preferred by some investors.

Collectibles such as ancient coins and historical documents are also good assets for long-term investment which can guarantee substantial returns. Government and Corporate bonds are preferred by Investors who expect Capital growth as well as regular income. Bonds usually promise to pay the bearer certain amount of interest during its lifetime and the principal will be repaid at the time of maturity of the bond. You can also invest in commodities like Gold and silver which do not offer regular income but can be used to hedge against volatile market conditions. Many investors use Gold as a hedge against weakening dollar or stock market. Some investors also make money by trading binary options which involves predicting the future market price of underlying assets such as stocks, commodities and forex currency pairs.

Investing on Precious Metals – Everything You Need to Know

As you may know, gold has been considered as a symbol of grandiosity and wealth throughout many civilizations in history. Some cultures even considered gold and silver to be auspicious and sacred and even worshiped. Even after many centuries, the fascination for these metals remain the same. Investing in precious metals is a current trend that has attracted a lot of attention in the finance industry. This is mainly due to the recent bad experiences people had experienced with paper money investments. Hence, certain investors choose precious metals since they are a reliable and safe alternative. If you are among one of these smarter investors, it is important for you to be familiar with the following details prior to your investment.

Types of Precious Metals

The major metals that dominate the investment industry are gold, silver, platinum and palladium. Due to the ever growing demand, the price of these metals has risen over the past few years. Investing in gold and silver just does not make you a potential buyer in the jewelry industry. These metals are extensively used for commercial purposes in many economically developed countries. For instance, while gold is used in the electronics industry, platinum has proved to be useful in the medical field. Therefore, if you buy silver for an IRA, you will be able to invest in a number of industries which will further ensure financial security. Companies like www.learcapital.com can assist with precious metal opportunities.

Why buy precious metals?

Recessions and inflation are severe threats to the field of investment. The recent economic setbacks in many countries including the United States have spooked investors and have discouraged many from stepping into the industry. But if you are opening a gold or silver IRA account, you are less likely to be affected by such economic shortcomings since inflation only threatens the value of the currency. Investing your money on not one but a number of precious metals will enable you keep your finances secure and safe. This diversification of your assets can make you less susceptible to the changing, unpredictable economic climate.

Where to buy precious metals?

If you are determined to invest on precious metals, you might as the well invest on the right quality product. There are many frauds in the finance industry looking for beginners and scapegoats. Therefore, you need to ensure that you are investing your savings and future in the right place. When buying/investing silver and gold, you must put your money on bullions. These are much preferable to coins since the latter can easily be lost, misplaced or worse, lose its value. Some investors who are passionate about history and archeology also invest in rare antique coins. You can make your purchase from either Exchange Traded Funds (ETF) or mutual/stock funds that have shares in mining companies.

When investing on gold or silver, you need to ensure that several factors are intact. Without the right buyer, deal and market, precious metal purchases and investments can turn out be a waste of money.

How To Start Forex Trading

Financial institutions have been exchanging currencies for decades through the Foreign Exchange Market. Forex is short for the Foreign Exchange Market. Forex, or FX became a popular investment strategy for corporations during the 1970s. The Internet opened the door for all FX investors in the 1990s. Forex trading may sound complicated, but a proven strategy and a solid understanding of currency values is the key to being a success.

Over two trillion Forex dollars are traded daily, and a large number of those trades are done on the Internet by average investors. The first thing to learn is the forex market regulates itself. There’s no board of directors, and there’s no central location. It is one of the most liquid markets in the world. Trades are made twenty-four hours a day. Since the market never closes investors can respond to political, social and economic events in real time. That gives investors a great deal of flexibility.

The concept behind currency trading is a simple one. FX Trades are done in pairs. One currency is exchanged for another currency. A common pair is the United States Dollar and the Euro. In order to trade, the seller, known as a Forex Broker, states an asking price and a buyer makes a bid. The difference between those two factors is known as a spread. The spread is, usually, one or two-hundredths of a cent. Forex Brokers will, usually, add three to twenty pips, to the spread and that serves as their commission. The beauty of Forex trading is in the fact that there are very low margin requirements.

Since the Forex market is unregulated, the U.S. Securities and Exchange Commission recommends using a broker that has membership in the National Futures Association. That association is the industry’s self-regulating organization. A reputable broker will supply software, market quotes and Forex charts. All FX transaction are completed through electronic funds transfer. Mini accounts are available for beginners. Mini accounts can be opened for as little as twenty-five dollars. Mini accounts trade in micro-lots, so new investors can get a feel for the exchange market.