What Are Support and Resistance?

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The price of financial assets is determined by forces of demand and supply, just like in any other trading market. In financial markets, it is support and resistance levels that accurately illustrate how the supply and demand forces interact to determine the prevailing price of an underlying asset. Prices usually rise until the supply outstrips demand and that is the point of resistance, where prices will start going down. Similarly, prices will fall until demand outstrips supply and that is the point of support, where prices will start going up.

The basic strategy in the market is to buy an asset when prices are at the support level and to sell when prices are at the resistance level.

It is important to note that support and resistance levels are not exact price points, but rather zones where demand and supply can change. Support and resistance levels are closely monitored by market participants, who are all keen to take advantage of opportunities that may arise when supply or demand changes.

Types of Support and Resistance

Fixed Support and Resistance Levels

These are support and resistance levels that are fixed and cannot change. They will only be invalidated if prices manage to break above or below them. Psychological and sentimental levels, such as round numbers or previous important price points (such as all-time highs and lows), are examples of fixed support and resistance levels. For instance, in stocks, round numbers, such as $100, can provide support or resistance to an asset price. While commodities trading, rates such as $2,000 for the gold price can be considered a support or resistance level.

Dynamic Support and Resistance Levels

As the name suggests, these are support and resistance levels that change as the price and time change. These levels imply that prices are subject to new forces of demand and supply. Technical indicators, such as Moving Averages and Bollinger Bands, create dynamic support and resistance levels as the price and time change.

Semi-Dynamic Support and Resistance Levels

Semi-dynamic support and resistance levels also change as time and price change, but they change at a fixed or predetermined rate. Some of the indicators that plot semi-dynamic support and resistance lines are Trendlines, Fibonacci Tool and Pivot Points. These indicators plot support and resistance lines that change methodically as time and price change.

How to Find Support and Resistance Levels

Here are some of the ways to find support and resistance levels in the markets:

  • Peaks and Troughs
    This is the most straightforward way of plotting support and resistance levels. Simply mark visible highs and lows on your chart; the higher highs and lower highs will serve as resistance levels, whereas the lower lows and higher lows will serve as support levels. It is always recommended that these lines are marked on longer timeframes to have reliable support and resistance levels.
  • Fibonacci Levels
    The Fibonacci indicator can be used in two ways: Fibonacci retracements help traders identify the best entry points when a trending market is retracing; whereas Fibonacci extensions help traders identify the most optimal target points of a trending market. In an uptrend, Fibonacci retracement lines will act as support lines, whereas in a downtrend, they will act as resistance lines. On the other hand, Fibonacci extension lines will act as resistance lines in an uptrend, and support lines in a downtrend.
  • Pivot Points
    The Pivot Points indicator uses the open, high, low and closing prices to mathematically derive multiple lines that serve as support and resistance levels in the market. The indicator plots 7 lines: 1 pivot point (PP), 3 support lines (S1, S2 and S3), and 3 resistance lines (R1, R2 and R3). If a support line is breached, it turns into a resistance line, and vice versa. For instance, if there is an uptrend and the asset price breaches R1, the line will now act as support.
  • Trendlines
    Trendlines form the foundation of technical analysis and can help traders trade with the trend. In an uptrend, a trendline is drawn from one particular low, connecting other higher lows and projecting the line into the future. The line then acts as a semi-dynamic support line.

In a downtrend, a trendline is drawn from one particular high, connecting subsequent lower highs and projecting the line into the future. The line then acts as a semi-dynamic resistance line.

How to Trade with Support and Resistance

Here are some of the online trading strategies using support and resistance levels:

Range Trading

This is a strategy for trading sideways or range-bound markets. These are markets that do not have a clearly defined trend and prices tend to oscillate between areas of support and resistance. The basic idea in a range-bound market is that there is a visible high where rising prices will face resistance and turn lower, and a visible low where prices will find support and turn higher. The strategy is, therefore, to look for buy trades when prices are near the support level and sell trades when prices are near the resistance level.

As mentioned earlier, support and resistance levels are zones and not specific price points. It is, therefore, important to identify the most optimal entry and exit points that will minimise risk and maximise profit potential. This can be achieved by combining support and resistance levels with other technical analysis indicators. To start with, the ADX indicator can be used to confirm that a market is indeed range-bound when the reading is below 25. Traders can then validate support and resistance signals using Oscillators, such as RSI and Stochastics; where they will sell when a market is overbought and buy when a market is oversold.

Breakout Trading

Support and resistance levels do not hold the price hostage. That means, they can be breached. Prices usually breakout after a prolonged period of consolidation, and this offers traders a great deal of opportunity. A breakout is usually the start of a new trend, which means traders have an opportunity to ride out an entire trend from its very beginning. When the price breaches a support line, it implies that a downtrend is now in place and traders should look to place sell orders; whereas a resistance line breach implies an uptrend is in place, and traders should look to place buy orders.

When trading this strategy, the danger is usually fake breakouts, where the price only breaches a support or resistance line for a short period or the price simply makes a spiky move and returns to previous conditions. To avoid this, it is important to validate a breakout using momentum indicators, such as ROC and MACD. A directional move will likely be sustained if the price breaches a support or resistance line with massive momentum i.e. it is a valid breakout. A fake breakout is one that happens with low momentum and should be avoided.

Which time frame is best for support and resistance levels?

There’s no ‘best’ time frame for finding support and resistance levels. Traders can use whichever time frame works best with their trading style and strategies. The same trader might use a four-hour chart for one strategy and a weekly chart for another strategy. In general a long-term trader will use daily to monthly charts, a swing traders could use anything from a 4-hour chart to a weekly chart, a day traders would use time frames from 15-minutes to daily charts, and a scalper would use charts from four-hours down to tick charts that plot every tick in the market.

What are the best tools and indicators for support and resistance trading?

Again, there are no ‘best’ tools, but there are tools that each trader will favour in their own trading strategies. Fibonacci levels are one very popular set of indicators used widely in determining support and resistance. Many traders also make heavy use of moving averages when determining support and resistance level, and pivot points are also quite popular. Also used heavily for determining support and resistance levels are the price bands such as Keltner Channels, as well as other types of trend lines and channels.

How important are round numbers as support and resistance?

One of the more interesting and noted aspects of support and resistance is the inability of price to move through round numbers such as $20 or $50. Of particular importance are the large round numbers such as $100 or $1,000. This phenomenon occurs because many inexperienced traders tend to buy when prices are at whole levels because they seem to think assets are most fairly valued when they reach these levels. Also, most stop and limit orders placed are at round numbers. It’s more likely to see a stop or limit order at $100 than at $100.06. With so many orders being placed at the same level, these levels come to act as strong price barriers.

Short time stocks: These stocks can make huge profits in a short time, experts told the target price

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Short time stocks: As the date of announcement of the Union Budget in India is getting closer, a lot of activity is being seen in the stock market of the country in which investors are facing problem in finding stocks that will give good profits after the budget. To solve this, domestic brokerage Reliance Securities has discussed the stocks giving good returns.

The domestic brokerage firm has recommended buying Larsen & Toubro Ltd, Tata Technologies Ltd, Devyani International Ltd, The Ramco Cements and ZEE Entertainment Enterprises Ltd. The company has also provided target price and entry price information for all these stocks. The brokerage firm says that these stocks are of special quality, due to which they may see a rise after the budget announcement.

Larsen & Toubro Ltd

Larsen & Toubro Ltd is a company involved in the infrastructure sector. The company is seen doing business in technology, engineering, construction and manufacturing in Kurukshetra. The market cap of the company is Rs 508,755 crore. The stock price of the company is Rs 3618.50. The 52-week minimum price of the stock is Rs 2,354.45 and the maximum price is Rs 3,919.90. The brokerage firm says that an entry price of Rs 3,550-3,648 is going to be good for buying the stock, while its target price can be kept at Rs 4,200.

Tata Technologies Ltd

Tata Technologies Ltd is seen focusing primarily on the automotive industry. The company’s biggest customers are Tata Motors and JLR. The stock price of this company with a market cap of Rs. 40,453 crore is Rs. 997.20. The 52-week low price of the stock is Rs. 500 and the high price is Rs. 1400. Reliance Securities has a buy recommendation on this stock with an entry price of Rs. 1,010-1,033 and a target price of Rs. 1230.

Devyani International Ltd

Devyani International Ltd is primarily seen developing, managing and operating restaurants and food courts of brands like Pizza Hut, KFC, Costa Coffee and Vaango. The company has many KFC and Pizza Hut stores in India as well as in Nigeria and Nepal. The company operates more than 490 KFC stores and 506 Pizza Hut stores in our country.

The share price of this company with a market cap of Rs 21,136 is Rs 175.22. The 52-week high price of the share is Rs 227.50.

The maximum price is Rs 142.25 and the minimum price is Rs 142.25. The firm has recommended an entry price of Rs 157-163 and a target price of Rs 195 for the company’s stock.

The Ramco Cements 

Ramco Cements Limited is seen working in the field of cement, ready mix concrete and dry mortar products. The company produces 12 types of cement for different types of work. The company is currently engaged in meeting the requirements of the domestic cement market. The market cap of the company is Rs 18,379 crores. The stock price of the company is Rs 778. The 52-week minimum price of the stock is Rs 700 and the maximum price is Rs 1,058. The brokerage firm says that an entry price of Rs 775-794 is going to be good for buying the stock, while its target price can be kept at Rs 950.

ZEE Entertainment Enterprises Ltd

Entertainment Enterprises Limited is a media and entertainment company. The company has 48 channels for domestic broadcasting in the country and is present in more than 170 countries with 41 international channels. This company also has an over the top or OTT platform ZEE5. The share price of this company with a market cap of Rs 13,209 is Rs 138. The 52-week maximum price of the share is Rs 300 and the minimum price is Rs 126. The firm has advised to keep the entry price of the company’s stock at Rs 150-156 and the target price at Rs 190.

Disclaimer :- Stock Wallah vision is to promote financial literacy in India. The content posted by us is purely for educational purposes. We are not SEBI registered financial advisors. Hence we do not provide any investment or financial advisory services. Hence you will be fully responsible for your money and your decisions. Please consult a SEBI registered financial advisor for your financial investment! Also let me tell you that we do not give investment advice on any social media.

Top 5 Best Business Ideas to Start Your Own business In 2024

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Many of us wonder how to select the top and best business ideas to start. While there are several businesses in Asia, choosing the best business to start is key to success. In this article, I would provide a list of the top 5 best businesses to Ideas start

1) Starting a School Books Publishing company:

Though it looks like starting a company, in reality, you would start a small business with low investment.

Education in Asia is every green field. You can start school books publishing company as low as Rs 50,000. You can start by publishing a few books and gradually grow year on year. You can employ key people for marketing your books.

Your target is mainly to sell such books to schools. However, your second option would be to sell them to large wholesale booksellers who can promote your products by getting good discounts from you. This is one of the best business ideas which is already established well now.

2) Start a fast-food restaurant:

You need a few thousand rupees to start a fast-food restaurant business. I feel this is the best business to start in Asia as Asians are food lovers and they get tempted with Chinese noodles and non-vegetarian kinds of food. The good part is you do not need any major investment to start this business in Asia.

3) Start a rental services agency:

The population is growing year on year in countries. Owning a house in a town or city is difficult. The majority depends on staying in a rented house.

Families move from one city to another city in search of employment or one part of the city to another part of the city due to various reasons. The rental agency plays a key role in identifying a house suitable within the budget for such individuals.

They charge some fees for providing such services. Rental services agency is becoming popular in metro cities in Asia. Starting a rental services agency and providing quality services can be a good profitable business.

4) Interior designing business:

These days many of us think to decorate hour with various items and have interior designing done with experts.

One of the ways to have a good and beautiful house is to take help from an interior designer. Starting an interior design business in Asia is the best business these days.

The business includes assessing the requirement of the customer and providing interior designing services at their home or office. Young entrepreneurs are aspiring to this as one of the best business ideas in Asia.

5) Office supplies:

There are several start-up companies starting day by day. They want to concentrate on their core business instead of worrying about day to day requirements of office supplies. Here office supply agency plays a key role.

They supply all computers, printers, stationery, etc. regularly. If you can open a supply of such office items, this could be a successful business for you. Having a good network of people can easily help you to promote your business.

The above top and best business to start in Asia are only some tips. Choose the business idea which is suitable for you.

Top 5 Natural Pain Killers and List of Natural Pain Relievers

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Often we tend to forget that nature has all the answers to our problems. In our kitchens, we have a lot of items that have the potential of solving our health problems. In this pain relief article, let us find out the natural pain killers and natural pain relievers that work.

Suffering from constant knee pain or feeling constant fatigue without any physical work? You might be amazed to know that some of the most powerful painkillers are easily available in our kitchen to give you relief. All you need to do is change your eating habits slightly and never suffer from these issues that hamper your daily activities.

Natural Pain Killers that Work!

Can Beans Reduce Inflammation?

Yes, they can! Not many people are aware that beans have pain-fighting properties. They are a rich source of useful minerals, copper, manganese, and fiber. As well as diminishing muscles torment, beans likewise do some incredible things for decreasing by and large body torment if you consume them consistently as a piece of your eating regimen. On the off chance that your occupation includes proactive tasks, you should eat beans 3-4 times each week.

Ginger As a Natural Pain Reliever

This common herb is a powerhouse of health benefits. Eating ginger in sufficient quantity regularly will keep muscle pains at bay. Ginger is also a natural digestion-boosting herb. Either chew it regularly or crush a small piece and add to your regular tea. Its nutrients give you energy. You should make it a habit of chewing ginger daily if you are middle-aged. You’ll never suffer from knee pain and will also get other health benefits from ginger.

Carrot Juice for Knee Pain

Being a rich wellspring of beta carotene and Vitamin A, carrot is a surprisingly normal pain reliever that many individuals don’t know about. Supplements in carrots advance the development of new cells by supplanting harmed or powerless cells that could be the explanation of agony. Carrot juice has been viewed as exceptionally compelling in ousting poisons from the body. Smokers who quit smoking, are advised to drink carrot juice or to eat it raw to offset the effect of smoking faster than normal. Carrot also relieves pain effectively.

Pineapple As a Natural Painkiller

A rich source of Vitamin C, Magnesium, and Thiamine, Pineapple promises great results in terms of killing pain. Just make it a habit to eat a few pieces of pineapple every day during breakfast and see the results. You will not suffer from knee pain or whole-body pain as long as you maintain this habit.

Pain Relieving Oils

In addition to consuming these natural pain killers, you should also make it a point to use various types of oils that are rich in Omega 3 fatty acids such as Salmon. It is a rich source of protein and is also very tasty. Many studies have proved that eating Omega 3 is as effective as consuming Ibuprofen, especially in the case of arthritis. Not only will they reduce pain but will also keep your overall health in perfect condition.

The Power of Effective Communication: Igniting Success through Masterful Managerial Communication

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In this article, we delve into the power of effective communication and its crucial role in igniting success through masterful managerial communication. We’ll explore the impact of communication breakdowns in the workplace and provide actionable tips for building and maintaining a culture of effective communication. We will also discuss common barriers to effective communication and strategies for overcoming them. By the end of this article, you’ll have a clear understanding of the vital role communication plays in leadership and why mastering the art of communication is essential for creating a thriving and successful organization.

Introduction

Effective communication is the cornerstone of success in any organization. Whether you are a manager, an employee, or a stakeholder, your ability to communicate effectively can make all the difference in achieving desired outcomes. However, communication is not always easy. Misunderstandings can arise, messages can get lost in translation, and conflicts can escalate due to poor communication.

The Importance of Effective Communication in Management

Effective communication plays a critical role in the success of any management endeavor. Good communication involves the exchange of information and ideas between individuals or groups. It leads to a shared understanding. In a business setting, effective communication means that everyone is on the same page, working towards common objectives. Poor communication can lead to costly mistakes, misunderstandings, conflicts and missed opportunities for growth.

Managers who are skilled at communicating well can inspire their team members to work together effectively and achieve outstanding results. Effective communication can also contribute to increased employee satisfaction and retention. In today’s fast-paced business environment, where collaboration is key to innovation and success, effective managerial communication is no longer an option but a necessity.

Understanding the Different Types of Communication

The ability to communicate effectively is an essential skill for successful managers, but it’s important to understand that communication can take many different forms. Verbal communication is the most commonly used type of communication in management, but nonverbal communication plays an equally important role. Nonverbal cues such as facial expressions, body language, and tone of voice can all convey important messages.In addition to verbal and nonverbal communication, there are also written and visual forms of communication that managers must master. Written communication includes emails, memos, reports, and other documents that are used to convey information or make decisions. Visual communication includes charts, graphs, diagrams, and other visual aids that can help clarify complex information.

Understanding the different types of communication is essential for effective managerial communication. By mastering each type of communication and knowing when to use each one effectively, managers can ensure that their messages are received clearly by employees and stakeholders alike.

The Four Components of Effective Communication

Effective communication is the heart of successful managerial communication. It involves four key components and that must be well-coordinated to ensure that the message is conveyed effectively and accurately. The first component is clarity, which refers to how well you can articulate your thoughts and ideas in a way that your audience can easily understand. It involves using clear language, avoiding jargon or technical terms, and breaking down complex ideas into simpler concepts.The second component is relevance, which refers to the extent to which your message resonates with your audience. You need to tailor your communication style to suit the needs, interests, and concerns of different individuals or groups. This means being sensitive to cultural differences, adjusting your tone based on the situation, and using appropriate nonverbal cues.

The third component is timeliness, which refers to when you deliver your message. Timing is essential in ensuring that you capture the attention of your audience and hold their interest throughout the conversation. Whether it’s in a meeting or via email, make sure you communicate when people are most receptive. Lastly, effectiveness requires consistency – ensuring that both verbal and nonverbal communication align with each other-

The Role of Active Listening in Communication

The Role of Active Listening in Communication Effective communication goes beyond just speaking clearly and articulately. In fact, active listening plays just as important a role in the communication process. Active listening refers to the practice of paying close attention to what someone is saying and responding appropriately.

This type of listening involves not just hearing words, but also understanding their meaning and context. It requires being fully present in the conversation, asking relevant questions, and providing feedback that demonstrates understanding.

By mastering active listening skills, managers can improve their ability to communicate effectively with employees, colleagues, and stakeholders. This can lead to greater collaboration, enhanced productivity, and a more positive work environment overall

Communicating Effectively with Employees, Colleagues, and Stakeholders

Effective communication is essential in creating strong relationships among employees, colleagues, and stakeholders. It requires active listening as well as openness to feedback. Managers must provide clarity in expectations and objectives to avoid misunderstandings that may lead to conflicts. They should also encourage open dialogue where team members can express their concerns.

In communicating with colleagues, it is important to establish rapport and mutual respect. A collaborative environment fosters creativity and productivity as team members bring in diverse perspectives towards solving problems. Managers must be able to communicate effectively with different personalities and work styles.

Stakeholder communication is perhaps the most crucial element of effective communication. It involves sharing information about the organization’s goals, progress, risks, and opportunities with investors, customers, suppliers, regulators or any other parties that are critical to its success. By communicating clearly with stakeholders about an organization’s activities and performance levels can lead to improved relationships which can ultimately translate into enhanced reputation and financial success for the organization.

Internet Marketing is Best Way to Get New Financial Sales Leads

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No matter what kind of business you have, it will not thrive if you don’t have customers. You could be selling vacuum cleaners, cellular phones, or financial services, and you are going to need customers coming through your door that is willing to spend their money with you. Unfortunately, many people don’t know how to go about generating leads in the right way. There are several ways you can go about getting new financial leads although some of them work better than others. When you want to get the best results, use the tried and true methods of internet marketing like SEO and pay-per-click.

Getting leads is nothing new; salesmen have been doing it for decades. In years gone by they had to rely on setting up booths at festivals or shopping centers, going door-to-door, cold calling, and just walking up to strangers on the street. Some people continue to use those practices today. They aren’t very pleasant ways to get leads and aren’t very successful either. Most people will simply say “No” because they don’t want to be bothered. Those old methods relied upon the law of averages. The more people you approached, the greater were your chances of hearing a “Yes.” Today there is a better way to get financial sales leads. Let the customers come to you.

Attracting New Customers

If you were to open a brick-and-mortar store, you would look for ways to spread the word about your business. You would put up signs and maybe even a big billboard. You would probably take out a big ad in the paper so everyone in the area would know you are open and ready to do business. What about when your business is online? You can’t very well put up a billboard for that since your potential customers are all across the globe. You can do something much better. You can rely upon internet marketing methods like pay-per-click and SEO to draw customers to your business no matter where they live in the world.

Cold calling doesn’t work, it just makes people angry and you get more rejection than you get yeses. When you use SEO or Search Engine Optimization, you are causing your business’s webpage to reach the top of the most popular search engines. If they’re looking for your service or product, they will find you, open your site, and then you can use pay-per-click to generate sales.

Don’t waste your valuable time and money advertising to people who are not interested in what you are selling. Use internet marketing methods to attract customers to your online site so they are warmed up and more likely to buy when they read your sales pitch.

What is The Real Cost of a Mutual Fund?

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Sometimes I am amazed that there is still a debate over investing in index mutual funds vs. actively managed mutual funds. Index funds have a proven record without the added risk.

Since the fund company had to pay the advisor the commission what they do is increase the MER of the fund by about 0.5% compared to Class A units. This means your return will be 0.5% lower each year compared to if you had bought the Class A fund. When you buy this type of fund you are also locked in for seven years (the time frame could vary). If you sell before this you have to pay a penalty to the fund company allowing them to recoup the commission they paid to the advisor. Between the locked-in period and the higher MER, this option is not in the client’s best interest.

There are varied schemes and your manager will recommend you the preponderant choice in keeping with your demand. you’ll take off with a really bit which may be directly debited from your checking account every month. you’ll enter this sector with a coffee investment and may grow steadily. Fund managers keep a track of investment trust NAV and consequently recommend once to sell it off. Companies that maintain records area unit trustworthy and you’ll be assured that your cash is safe. Then I keep in mind what quantity of cash the investment trust corporations and investment advisors build off actively managed funds and it all is smart. Of course, mutual fund companies and advisors do not want to admit that actively managed funds may not be the best option for investors, because they will earn less money if everyone starts using index funds. All of the info clearly shows that only a few actively managed funds beat the index. The longer the time frame you look into the additional the info points to index finance being the superior choice.

I took the most widely owned Canadian equity fund, the RBC Canadian Equity Fund and compared the holding to the RBC Canadian Index Fund. The data used is from the RBC 2009 semi-annual report which had the holdings as of June 30, 2009. The majority of the investments controlled within the 2 funds, 77.36%, were identical, with 22.64% being completely different. it’s solely the returns of this twenty-two. 64% of distinctive assets of those 2 funds and total fees which are able to have a sway on the variance of their returns. The MER of the RBC Canadian Equity Fund was 1.97% and the RBC Canadian Index Fund was 0.68% a difference of 1.29%.

There is a maximum commission the advisor is allowed to charge, set by the fund company, but there is no minimum. It is possible for your advisor to sell you this type of fund and not charge you a commission at all. If you pay a commission this money goes to your financial advisor and the firm they work for. In addition to this commission, your financial advisor will collect a trailer fee directly from the mutual fund company as long as you own the mutual fund. These trailer fees are normally about 1% and are paid from the MER of the fund.

Tips on Planning for Your Retirement

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When you inherit a payment of cash, associate degree example for example from an income tax return or an inheritance, continuously place a little of it aside for a retirement program. Take advantage of your 401k match. If your leader offers a contribution that matches up to a share of your financial gain, check that you invest a minimum of up to its purpose. That match is free money you won’t be seeing elsewhere, don’t let it pass you by. Decide when you ideally want to retire, just make a hopeful guess. Then estimate how much you need to live on each year and consider if you’ll still be paying off your mortgage.

Invest in an associate IRA (independent retirement account), and think about using a Philip Milton Roth, particularly if you’ve already got a conventional 401k. IRAs area unit loads like 401ks, except with associate IRA you’ve got loads a lot of management. you’ll found out one in all these accounts at the most money corporations. The distinction between a Philip Milton Roth and a conventional IRA is essentially in how you may handle your taxes, each currently and in retirement.

Feeling safe with your money is a great way to live life. Stocks have returned a much greater amount than people who have invested in bonds. There is no doubt that stocks are the way to go, but in today’s world, not too many people feel very safe with the market. If you have stocks, then when should you make adjustments to turn those into bonds?

I urge you to talk with a financial advisor, one that is reputable. If you have a lot of money to protect and hold on to, it is essential that you not only find someone good to help advise you but that you take time to learn about how money works in today’s world. There is no substitute for education.

Many people have retired by starting part-time work towards the end of their careers. If you can afford to do this, then it is a great way to make the transition. This way you have more time to spend by yourself doing what you want to do. If you realize that you enjoy working and that you’re already doing what you enjoy, then keep working part-time.

Most people retire to a weekend lifestyle. After only a few months of being retired, most people are seeking something to do because they are bored. Many people even go and get a part-time job just to have something to do. That is no way to retire in my opinion. If that is the case, why would you retire? Just keep working and do what you are doing.

Most people have worked somewhere for so long that they now identify themselves with a particular place or event. Leaving this can be difficult for many people, so you might want to talk with a friend who is retired that is settled in life.

Go ahead and find your retirement home if you have a bigger, older home now. Most likely you don’t need all that space. If you can sell the home that you are in now and pay for a smaller one, chances are you will have some extra cash left over that you can save.

Are Your Financial Advisors Qualified to Advise You?

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In the early 1990′s, according to Dalbar, a Boston-based research firm, only about 25,000 people were calling themselves financial planners or financial advisors in the United States. By 2006 that number had grown to over 650,000. Today there are even more.

This is partly because anyone can hang up a shingle and call themselves a financial advisor, financial planner, or one of a thousand different names meant to indicate they can advise you on planning your financial future.

Regulations surrounding financial advisors and investment advisors are minimal at best. For some certifications, there is no education requirement other than passing a licensing exam. Often there are no requirements to demonstrate any investment expertise with practical training.

If you feel like you have a better understanding of financial and investment concepts than your financial advisors…you may be right.

There are a few legitimate certification programs for financial advisors that involve a reasonable amount of training and experience. The best known is the Certified Financial Planner (CFP) designation. There are also several less common certifications. The education and experience needed for a CFP designation should indicate at least a core competency. This is true of a few of the other certifications as well…whether or not they have an investment philosophy that will work best with your goals is a different question.

In 2009, there were around 57,000 Certified Financial Planners in the United States and 17,500 in Canada…the total number of people calling themselves some version of a financial advisor in these two countries was closer to one million. This would make over 900,000 non-CFPs work as financial advisors of one kind or another…90% of the industry.

Just because someone labels him or herself a financial advisor, it does not make them qualified to be one. As with any industry, there will be individuals who work harder and smarter than others. There will also be those who are more and less honest in their dealings with clients and their money. Unfortunately, there are very few solid government regulations when it comes to financial and investment advisors…they are regulated mostly within their organizations.

Should you use financial advisors? If you can find a good one who thinks outside of the box. If your advisor is giving the same advice as everyone else is in the mainstream financial arena, he or she is likely costing you money.

If you are looking for someone else to make all of your financial decisions for you, there are certainly a lot of financial advisors who’d be happy to comply…but if you decide to adopt this approach, you are asking for trouble. No one will look out for your best interests as well as you do.

The key is to maintain your control over your finances and investments and find the right financial advisors. Those who understand your philosophy and have the skills to help you to reach your goals.

Beneficial Advice on Making a Viral Video on YouTube

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You may have heard that getting a video to go viral on YouTube, or any other video-sharing site, is more luck than anything else, but you heard wrong. Many videos that go microorganism were deliberately created and thoroughly pushed out into the web world therewith specific goals. you’ll be able to get your video to travel microorganisms too if you utilize the proper tools and follow the proper steps.

The content of your video plays a major role in getting it to go viral. It has to be entertaining and something out of the ordinary- either laugh-out-loud funny or something that will make viewers say “wow!” The video quality oughtn’t essentially to be nice as long as the content makes individuals wish to share it with their friends. Ideally, you want your video listed on YouTube’s “Most Viewed” page, as that will make your views grow quickly.

Ideally, you don’t want your video to be very long. Thirty seconds is a good length, and while it can be longer, you may lose viewers to anything too lengthy. Choose your title carefully; an excellent title is wherever you may get the foremost interest. If you have to, use a title that misleads viewers and gets them clicking your link. Use plenty of appropriate tags with the video that will get it to show up in more searches. Most importantly, make it embeddable so it can be posted and reposted on as many sites as possible.

Take Advantage Of Your Window

Once you have uploaded your video, you have a window of opportunity to get it seen. Start by emailing it to all your friends and asking them to forward it along to their friends. Next, share the video on your social networking sites. Post it to your friend’s profiles so that it can be seen and watched by all their friends. Also, post the video in forums and blogs if you can; the more exposure it has, the better.

One of the best ways to promote a video is to get comments on it, especially controversial comments. You can do this yourself using multiple accounts or get a friend to contribute. Most viewers will take the time to read the comments even though few will leave any. That controversy could be the element that gets people sending it to friends to view.

YouTube posts thumbnail screens shots of your video as a preview. You will have three from which to choose. One of the screenshots always comes from the middle of your video, so make sure there is something in the middle that can be used to grab a viewer’s attention. Once you get your video out there and get people watching and sharing it, you can get it to go viral.