A SIPP is a self invested personal pension, and differs in many ways from other pension schemes available. Offered by companies like Bestinvest, SIPPs have many benefits which make them attractive to those looking for a potentially more lucrative scheme, and are particularly effective for those on higher incomes. Here is some information to help you further understand the benefits of SIPPs.

More Investment Choice

One of the most important points to make about SIPPs is that they offer the ability to invest your money in a variety of different assets such as trusts, shares and property, amongst many others. You can therefore decide how much risk you wish to take and which assets will provide the best returns for your money.

If you decide to take charge of your own investments then you will have a low cost SIPP as you do not have the pay fees for investment advice, which you would if you have a full SIPP. A low cost SIPP, however, does require good research and willingness to manage investments.

Greater Potential Returns

Since you have a wider choice over where you put your money, you can see better returns over the long term if your asset portfolio appreciates. The rate this rises (or falls) by is dependent on how risky your investment is. Some markets are more volatile than others, and some are better suited to short term investments rather than long term.

It is wise to diversify your portfolio so that your investments are not dependent on the value of a single asset rising. This reduces overall risk and makes a healthy profit far more likely come retirement.

Tax Benefits

One of the reasons SIPPs are particularly effective for those on higher incomes is that, like all pensions, they offer greater tax relief the higher up the income tax ladder you are. Even those on the basic tax rate receive 20% back from the tax man when they invest.

This means that you take home far more money from investments than you would without such high tax relief. The ability to start withdrawing your money becomes available when you become 55, and you can choose exactly how to take an income from your pension.

SIPPs are a good option for those who want a bit more control over their investments. Whilst greater choice also means greater potential risk, the possibility of much larger returns and superior tax benefits make SIPPs stand out as an effective pension scheme.

Passive income is income you don’t have to work for day by day. It can come from stock dividends, blog income, affiliate sales, rental income or other forms. While passive income is something we would all ideally prepare to live off of in retirement, the reality of creating it during one’s traditional “working years” isn’t as well known and so is the source of many assumptions. Here are four common passive income myths.

Passive Income Requires No Effort

One common myth in passive investing is that you don’t have to do any work beyond signing up. The reality is that passive income requires work in some form, even if it is only checking on your investments to rebalance the portfolio or making certain your real estate management company is depositing the right amount into your account.

In the case of blogging and affiliate sales, there is effort, especially up front, to get it going and start the income coming in. You’ll then need to invest some effort to keep the site running, though you can automate much of it with content generation via paid freelancers and software that automatically posts the articles to your blog or social media accounts on a schedule you set. If you write a book, you have to upload it to Amazon and then invest time in marketing it when you can or when you want the sales to go up. In this regard, the passive income work is done in spurts instead of a day to day grind.

You Can Get Rich Quick

A commonly hyped myth in passive income is that you can get rich quick. The only person getting rich quick off of passive income is the person selling the kits that promise to tell you how to get rich quick off passive income. Buying rental real estate can give you a multi-million dollar net worth and thousands of dollars in net worth, but it takes months to find and close on properties, rehabilitate them, find tenants and generate that income stream. Creating a knowledge product like a blog, book or paid newsletter takes months to build a following and often years to generate a passive income stream large enough to live off of.

Day trading has the potential of high returns, but the majority lose money in day trading, while slow, steady investing in mutual funds is a reliable and safe way to build up an income stream but takes time. Buying options may let you make a quick turn around, but the losses most investors face curtail the long term income stream. Investing in startup businesses may let you earn solid passive income later, but you cannot get rich quick unless they succeed and sell out at a high price later.

It’s Guaranteed!

One common passive income myth is that there are systems and investments that are guaranteed. Nothing is guaranteed short of federal savings bonds, and those have a payout right now below the real inflation rate. Some investments are more certain than others, such as investment real estate almost always appreciating if fixed up and then maintained.

If I Invent It, They Will Come

A common misconception about passive income is that if you come up with an invention idea, you can sell it and make a fortune. The reality is that you have to find a company to buy the patent or rights to the idea, and that takes significant effort. If you develop the product yourself, you have to make your own logo, develop a business model and then hire affiliates to sell it for you. Once they are selling the product and hiring the next layer of salespeople, you can hand off day to day management to someone else. However, this is far more work than simply coming up with an idea and expecting passive income for years in return for a presentation on it.

Passive income always requires effort beyond signing up, reading a program and investing your money if you don’t want to be ripped off or see the income peter off, but it can be achieved if you go about it in the right way.

When you have retired and need to make money, either for need or for what you want to do while you’re spending time how you want, money is important for all individuals. It is worth the learning curve to spend time understand how and why you should be making extra money online because it’s a great way to make extra money, and can make all the difference in your happiness during retirement. This article can help you find out ways to get huge savings by working online.

When you get older, it gets more difficult to do physical labor, this is true for almost everyone. Though it’s definitely possible to do so, going online to make sure that you’re comfortable while working is a great way to work while in retirement. However, it does take some work to make sure that you’re doing work that is worth it and is good for you.

First, you’ll need to do research. Understanding what you’re going to be doing online and having certain skills is a must. Most online jobs also require certain requirements for your computer, and sometimes even a telephone line and a high-speed internet access. You may also find a job much easier if you’re a faster typer or if you have experience in writing, educating and other popular skills that will work for your online job. By doing this preliminary research you need to make sure that you are doing everything that you can to make sure that you are working for a trustworthy place it is very possible to find places that are not trustworthy so you must do everything you can to find something that will pay you and keep your information safe.  this kind of information is far harder to find out that you will definitely be able to do it if you do the research necessary.

The best thing about working online is to comfort involved in many jobs you will be able to do either customer service writing or other freelance positions.  these position to give you time to be flexible as well as giving you extra money for your retirement. Check out Ugg for huge savings on comfortable shoes to do while you’re doing your work.


In order to succeed at day trading you have to stay well informed and ahead of the game. You need to constantly be learning about new strategies and techniques to increase your earnings. Today we are going to talk about five popular trading strategies that you should know about.

Cup and Handle

This trading pattern strategy has a distinct “U” shape, aka the cup, followed by a slightly downward slide, aka the handle. The “cup” pattern usually ranges between 7 and 65 weeks and manifest at lower trading volumes. Once the “handle’s” trend downward runs its course, the price will usually breakout and above the previous resistance level.

Stop Limit Order

This is a combination of a stop order and a limit order. In order to successfully utilize this trading technique you must first determine two price points, the price to begin an action, the “stop” price”, and the target price, the “limit” price. This trading strategy provides the day trader more control over when an order is filled which helps diminish the drawbacks common with a stop order. You can get some great information about setting stop and limit prices from Warrior Trading’s on their StockTwits page.

Short Squeeze

A short squeeze is when a heavily shorted stock gets a lot of new buyers at one time. This usually happens because the company gets good news or some other triggering event. When this happens, the shorts have to cover their positions because they are getting squeezed out which results in even more buying. This can cause a stock’s price to rise very quickly. Since you do not want to get caught on the wrong side of a short squeeze, you can

place hard stops on your short positions.

Relative Volume

Relative Volume indicates how volumes compare to past trading volume. It will give an idea of how active a stock is compared to its history. The higher the relative volume the more traders are watching and trading the stock. Relative Volume is displayed as a ratio, so a 1.5 relative volume means that the stock is trading at 1.5 times its normal volume. The Relative Volume is a great metric to keep an eye on for stock topping or bottoming.

Flag & Pennant

This trading strategy is great for short and long traders. You will usually see the flag pattern when the market opens after a big push down or up. After the shares make a big push up or down you will see them drift up or down with lighter volume forming a rectangular, or “flag”, shape. This is a great pattern to trade and offers a lot of upside for the amount of risk.

If you have not tried these trading techniques and strategies before, look for them the next time you are trading and see if you can spot them. Learn more about these great techniques and others at Warrior Trading.

Even if you have planned every aspect of your life well, there is always a chance that you will outlive your savings or outspend your money. If you are worried that you will run out of money before you die, here are some things that you can do to alleviate your concerns:

Buy longevity insurance

With this insurance, you will give the company a very small chunk of change when you reach the age of 65. Your insurance company will then invest it for you until you reach the age of 80 or 85. At this point, they will start paying you monthly payments until you pass on: if the policy costs 25,000 dollars at the age of 65, you might start receiving about 3,000 dollars when you are 85 years old.

This money usually comes when most people start having huge medical bills. Following this approach makes planning for the long-term easier because your payout will be determined by when you purchase the policy. You can start spending your other assets because you are certain they will be replenished in future.

The main drawback of this plan is that if you die early, you will not get your money’s worth.

Ladder your bonds

This option can give you a safety net regardless of whether the interest rates fall or rise. How does a ladder bond work? You have to buy equal numbers of Treasury bonds that will mature in 1, 3, 5, 7, or 9 years to make sure that your portfolio has an average maturity of 5-6 years. These short terms keep you from tying your money up but the long-term ones yield higher returns.

Consider long-term care insurance

Predicting how much money you will need for medical care in old age is not easy. In traditional long-term care policies, insurance companies usually pay daily benefits that will help the policyholder to pay for long-term care if he/she cannot perform some activities, including bathing, eating, and using a toilet.

However, not all policies are the same. You should opt for the ones that pay a flat rate each month, allowing you to spend the money as you please. This could include spending it on a family caregiver, cruise to the Bahamas, or nursing home.

Earn more money

Are you looking for easy ways to bulk up your bank account during your retirement? You should consider doing some hobbies or things that you have always wanted to do to earn an extra buck.

For instance, if you can do a “help desk” job that require the same knowledge you have amassed over a  lifetime of work, you should start doing so.

If your mind is too clouded to do any demanding task, you should consider using a mind-enhancing product. Are you considering buying a mental enhancing product like Optimind? You need to perform plenty of research to find the best one for your needs and body. Doing so will keep you alert and allow you to earn money that keeps you from withdrawing your retirement funds.

Delay taking social security

If you start getting benefits at the age of 66, you will get all your monthly benefits. However, delaying your retirement benefits will ensure that your check keeps increasing.

If you wait until the age of 67 to start taking benefits, you will receive 8% for waiting twelve months. At the age of 70, you will receive 32 percent more than what you would have received at the age of 66, which means that you have to be patient.