Blog - Anthropic Financial Advisors
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By admin / April 30, 2017

Applying for a Loan is Easy If You Know How

Although it’s best to save your money for a rainy day, sometimes in life that is just not possible. Whether the money is to finance a big-ticket item like a car or home or just some cash to get through until next paycheck, knowing the ins and outs of applying for a loan are important. Before you start filling out applications, it pays to do your homework on how to apply for a loan. Here are the basic steps:

 

Get a Copy of Your Credit Report: You should be checking your credit report before you need a loan, but who has time for that? So, the next best thing is to get a copy and look it over. Your overall credit score is important; however, just as important is inspecting each item listed to see if it is accurate. Mistakes do happen and old items can linger on your credit report long after they should be removed. Contact the credit bureau, do not contact the company listed, as doing so many “renew” your obligation to them. Plus, by this time an old listing has gone to a collection agency, and who wants to deal with them?

 

Look Over Loan Products: Yes, there are loan products. Believe it or not, lending companies do compete for your business. Don’t be desperate and take the first offer you see online. Do your homework. Compare interest rates, the length of the loan, and check for any “hidden” fees like late charges. Do a few minutes research on the lending institution and read consumer reviews.

 

Go for a Reasonable Amount: You might not get the top dollar amount you want on the first try, particularly if you have challenges in your credit report. You many need to go for a smaller amount at first, establish a good payback history, and then ask for an increase the next time around after you have proven to be a reliable customer. Also, only borrow what you can reasonably pay back. Plug the loan payment amount into your budget spreadsheet to see if it works before you borrow. Conversely, go for the amount you need, as that is the whole reason for borrowing. If you have a good credit score, you have more bargaining power with banks and lending agencies.

 

Filling out the Application: When filling out an application, be sure to provide all of the required information such as your employer’s complete address and phone number as well as the name and address of your landlord or mortgage holder. You may need personal references, so be sure to choose them in advance. Have their complete contact information. Choose individuals who will not only back you up but also be discreet about protecting your privacy, like Mach By Hong Leong. Be sure to ask if they mind if you use them as a reference.

By admin / April 11, 2017

Are Gold Bars A Sound Investment?

Gold bars are a sound investment for everyone as they do not react to the markets the way any other product does. Gold has been the standard of wealth and value for centuries, and it will continue to be so in the future. The bars that you purchase online are long-term, investments you will make because you need a bit of help with stability. You will find the stability you need, and this article explains how you may choose gold bars as your go-to investment.

 

#1: How Do Gold Bars Change In Value?

 

Gold is one of the few investments you make that is not certain to go down in value. It may dip slightly here and there, but it will continue to be on the rise for many years to come no matter what you do. You will have in your possession something that is to rise in value for the foreseeable future, and you will keep it in your possession for as long as possible. You will find it quite simple to make each investment with the knowledge that you are saving for the future.

 

#2: Where Do You Buy Gold Bars?

 

You may buy gold bars and gold futures in a number of places, and the brokers you choose must be certified in their work. They are to help you when you have specific concerns about gold bars, and they will show you which bars to purchase. There are a number of purveyors out there that you may not appreciate, and you will find it simple to protect your money when you have invested correctly with someone who knows the business of gold bars.

 

#3: How Much Do They Cost?

 

Gold bars are expensive items that you must lay out quite a lot of cash to get, and they will serve you well going into the future as they provide you with the financial security that you need to be comfortable with your personal investments. You may order a few gold bars as a backup investments, and they are much easier to use as investments because anyone will want to buy them. Depending on the manufacturer, gold bars can vary slightly in price. For example, pamp suisse are generally slightly more expensive than gold bars from lesser-known brands, because it is considered to of a very high quality and has great resell value.

 

#4: How Long Do You Keep Them?

 

You may keep gold bars for as long as you like, and they will help you save money where you could not before. You may not have any idea when you will sell, but you will know that you may sell them any time you like. They are yours to do with as you please, and they will be a finer investment for you purely because they are of such high value. All your other investments may fade, but your gold bars will be of great value when the time comes to sell them.

 

Anyone who wishes to invest wisely must ensure that they have taken the time to purchase a few gold bars for their own sake.

Investing
By admin / February 20, 2017

What is a High Yield Private Equity Fund?

A private equity fund is money managed by a Private Equity Company’s Financial Advisers. With the same traits as a hedge fund or a mutual fund, a private equity fund is a pooled investment where the adviser brings together the resources invested in the program by all the participating investors and uses the money to investment on behalf of the firm and fund investors. Unlike hedge funds or mutual funds, private equity companies invest in a long-term investment like in properties which take a lot of time to sell and still their investments span a period of ten or more years. Although a SEC registered adviser leads a high yield private equity fund, the private equity funds themselves are not under SEC’s governance. As a result, funds are not subject to public disclosure.

Qualified investors for a high yield private equity fund

A high yield private equity fund is open to qualified clients and accredited investors. These groups of people include institutional investors like insurance firms, pension funds, university endowments, and high net worth individuals. The first investment amount for a high yield private equity investment is mostly very high.

Even if you are not actively investing in high yield private equity funds, you may be indirectly investing in them if you’re a participant of an insurance policy or pension plan, for instance; Insurance companies and Pension plans may invest a little portion of their significant portfolios in private equity funds.

What you should know before enrolling in a high yield private equity fund

Conflicts of interest

In most cases, Private equity firms have interests that differ from the funds they manage and the limited partners in the funds. Advisers must disclose all conflicts of interest between the funds they manage and themselves so as to get informed consent.

The SEC has come up with a few enforcement actions related to an adviser’s failure to disclose certain conflicts of interest to the funds it looks out for in their line of duty. Via different relationships, there exist opportunities where advisers benefit themselves of their investors and the funds they manage. It is paramount for an investor to be alert about the different conflicts that exist in the course of an investment in a high yield private equity fund.

Illiquidity

Due to their long-term investment timeframe, an investment in a high yield private equity fund is often illiquid and forces one to hold an investment for many years before realising any profit. High Yield Private Equity Funds impose barriers on investor’s withdrawal ability from their investment in that they are supposed to wait for the contract’s termination time before they can withdraw from the plan.

Expenses and fees

Instructional documents are always available to interested parties upon request. These offering agreements and documents govern and disclose the terms of the Private Equity Funds investment throughout their contract cycle, including the expenses and fees incurred by their investors and funds. The SEC has looked into regulations that oversee the fees and expenses met by their funds and investors disclosed to them. Investors should be vigilant about the expenditures and fees incurred concerning their capital investment.

Additionally, advisers manage various funds that belong to several portfolio firms. The financial adviser is legally obligated to allocate expenses among its funds, the funds’ portfolio companies, and itself in agreement with the SEC.

Cash-flow management
By admin / October 7, 2016

Why do you need financial advisors?

A financial advisor is an educated, skilled and experienced professional who helps you in setting and achievement of your financial goals. They provide a wide variety of services like retirement planning, investment consultant, managing portfolio, tax consultant, estate planning and much more.

Here are the few reasons for which you should hire a financial advisor:

  • Working out your financial plan:

A financial advisor on the basis of your current financial position and your future financial expectations helps you in setting your long-term financial plan. He takes all the factors such as your current lifestyle, present investments, years to retirements, etc. into consideration before setting your financial goals.

 

He also makes sure that he chalks out such a plan that is easily achievable and does not burn your wallet.

 

  • Educate you about various investments:

There are so many investment options available these days. As an amateur, you do not have a knowledge about various risks and rewards associated with all the investment plan. The financial advisor makes you aware about various options available in the market and also tells you about the strengths and weaknesses of each investment.

  • Recommending appropriate investments:

It is not sure that if one investment plan is suitable for your friend then it will suit your needs also. The financial advisor on the basis of your financial goals, recommends various investment options that will be best suited to your financial goals. All the recommendations are made keeping in mind your expected returns, time period as well as risk appetite.

 

  • Monitoring your portfolio performance:

Being busy with work, it is difficult for you to continuously monitor your portfolio. Regular monitoring of the portfolio is very necessary to maintain a suitable investment mix and to check the performance of various investments.

 

But, if you hire a financial advisor then he will monitor your portfolio and its performance on a continuous basis and keep you informed about it regularly.

 

  • Re-evaluating your financial plan:

Your financial goals can change due to a job change, lifestyle change like marriage, or the birth of a child, etc., or change in priorities. So, it is important to re-evaluate your financial plan from time to time to match it with your current financial position and new financial goals.

 

The financial advisor will review your financial plan regularly to keep it updated with your current financial goals.

Hence, hiring a financial advisor will help you achieve all your financial goals easily and smoothly.

Cash-flow management, Featured, Financial Planning, Investment services
By admin / October 6, 2016

Financial advisor services

The financial advisor is the professional who guides their customer in all their financial decisions. They help you make a financial plan, setting long-term goals and making you aware of the various investments that can be done to achieve those goals.

Most of the financial advisors offer you the following services:

  • Financial Planning:

Financial advisors help you in achieving your financial goals, providing personal planning and advice from time to time. They make a note of your future financial expectations and goals and make a personalized plan for you. They also review the progress over time.

To make your financial journey smooth, they break the overall plan in the small easily achievable steps. They make sure that all your expenses and dreams after retirement are taken care of and you are even prepared for the adverse and unexpected situations.

  • Investment services:

All your dreams are dependent upon your investment plan. That is why the financial advisors help in chalking out a sound investment plan for you. They make sure that your portfolio is well diversified by distributing your money in mutual funds, equity, debt, education plan, real estate, unit linked plan and much more.

Your risk tolerance, the time period you need to stay invested, expectations with returns and financial needs all are taken into consideration while working out a suitable investment mix. They also educate about various investment options available in the market and the pros and cons of each one of them.

  • Cash-flow management:

Cash is essential for meeting day to day expenses. Therefore, cash-flow management becomes very important to make sure you have sufficient funds for daily expenses. The financial advisor helps you in maintaining proper cash-flow and also ensure that you have sufficient cash reserves for the rainy days also.

  • Life-cover, insurances, and annuities:

Life is full of unexpected ups and downs and sometimes, such downsides take a toll on your financial health. So, the financial advisor makes sure that you are ready to face any challenges of life.

Annuities are a good investment option for saving for retirement. So, they help you invest in a suitable annuity plan. They also make sure that you have a sufficient insurance cover, disability income, and health insurance to protect you and your family from any mishappenings. Also, they make you buy a good auto and home insurance plan to keep you covered.

  • Other services:

Apart from these basic services, the financial advisors prove various specialized services also. They provide assistance in like advice for retirement planning, setting up a retirement plan for small businesses and self-employed people, tax planning, plan for investments for children’s college education, estate planning, trust services and other personal finance advice. They also portfolio management services in which the continuously monitor your portfolio and review it from time to time.

The financial advisor acts like your companion in your financial journey by guiding you at each and every step. He makes sure that all your dreams come true.