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.
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 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.
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.
1. Social Security Is Not Going Bankrupt
You hear this one all the time, especially during election years when candidates love to push panic buttons. Contrary to their Chicken Little approach, however, many financial experts agree that Social Security is not going bankrupt. The Social Security Administration has assured Americans that the fund will be intact until 2034, after which it will still have money to pay 75 percent of all retiree benefits.
2. You Don’t Have to Wait Until Retirement to Have Fun
Another myth: You must stash away every penny until retirement. According to financial expert Russ Thornton, this simply isn’t true. No, you can’t go crazy in your younger years and then expect to have plenty of money once it’s time to quit working, but you don’t have to live a life of meagerness and boredom either. With the proper planning and savings approach, you can enjoy life now and later.
3. You Can Withdraw More Than 4 Percent
Many college programs, such as NEC’s online masters in accounting, discuss a 1990s mindset that retirees should only withdraw 4 percent of their total retirement savings annually. Many believe this is the best way to stretch retirement funds. How your money is invested is different from someone else’s, however, and you should evaluate every few years the best percentage to withdraw annually.
4. Retirement Isn’t Cookie-Cutter
One of the biggest perpetuated retirement myths is you will spend the rest of your days lazing on an exotic beach. If that’s what you want to do, fine, but you might decide to open your dream business or work part-time. The point of retirement is to do whatever you want to do. Don’t box yourself in to a preconceived idea. How you retire is as individual as your annual distribution percentage.
5. Your Investment Returns Take Years to Mature
Those retired or close to retirement become obsessed with their investment returns, but Benjamin Brandt, a financial advisor in North Dakota says to be patient. Yes, your returns tell you if your financial plan is working or failing, but long-term financial plans take decades to mature. If you begin your investments early, your returns have the time they need to mature long term.
6. Sweat the Small Stuff
Okay, not literally, but figuratively speaking even the smallest things can help you with your retirement planning, especially if you invest sooner rather than later. Small savings add up over time. An example provided by Jeff Rose, a financial advisor at Good Financial Cents, demonstrates this point: If you invest $200 a month in an account that offers a 7-percent interest rate, you’ll have $218,000 in 30 years.
7. You Might Get Sick
If you look at the pictures and film footage on any advertisement for retirees, every person is active and has a smile on his or her face. Here’s hoping this holds true for you, but you might find yourself in a situation where you need long-term care. Don’t forget to include the possibility of assisted living, convalescent, or home health care into your retirement planning. You might need it.
When you consider the facts, retirement isn’t so scary after all … provided you plan accordingly. This is the most important thing to keep in mind: You can enjoy your Golden Years if you plan for them now. It’s never too late to save for retirement, so get started.
1. Get in touch with people in your life who have bought a home in the past.
Ask all of your friends and family members to find out which of them has previously bought a home. These people have most likely all dealt with mortgage brokers when they purchased their home. The only way this would not have happened is in the unlikely event that they paid cash for their home. Find out all of the info you can about the experiences these people had with their mortgage brokers. Did they handle themselves professionally? Were they easy to get in touch with? Did they always return phone calls and emails in a timely manner? Were they helpful and always willing to answer questions throughout the entire process? Were your friends and family happy with the job their mortgage broker did? Would they recommend that you use the same mortgage broker they used? Keep notes on all the conversations you have.
2. How long has the mortgage broker been working in the industry?
Your goal should be to find a mortgage broker in Quebec who has been in business for at least six years. This will give you the peace of mind that you need to hire this person with total confidence. That amount of experience will ensure that your mortgage broker knows what he or she is doing. Many mortgage brokers will have their amount of experience clearly listed on the first page of their website. However, you can always call the broker and ask him or her directly if you are unable to find the info online.
3. Does the mortgage broker have the proper credentials?
It would be wise to do some research regarding any mortgage broker you are thinking about doing business with. This means you need to find out where they received their license. You also need to make sure that their license is still valid. Having a license tells you that the broker has received all of the necessary training that is required by your state.
4. Has the mortgage broker ever been sued or suspended?
Any legal problems in a mortgage broker’s past will not be something that he or she will be very eager to disclose to you on their own. This means that you must put on your detective hat and do some digging into his or her background. It is crucial that you know everything you can about the mortgage broker who you could possibly be dealing with in the future. You must leave no stone unturned. This is the only way that you can be totally certain that your broker does not have any skeletons in his or her closet. Has the broker been sued by any previous clients? If so, what was the nature of the lawsuit? How was it eventually resolved? Has the broker ever had his or her license suspended? If so, what was the reason? This is info that you need to have before you decide to move forward with a particular mortgage broker.
5. Does the mortgage broker have a good reputation?
Finally, you should take a peek at what people are saying online about the mortgage broker. This will give you a good idea about who you are dealing with. You would be wise to stay away from mortgage brokers who are getting overwhelmingly negative reviews online from previous clients. On the other hand, be on the lookout for brokers who receive lots of praise.
1. Remind Your Carrier You’ve Always Been an Astute Driver
According to Bankrate, your age isn’t necessarily a death sentence when it comes to your insurance. There are insurance carriers out there who realize that the more you drive the better you get at it. They also realize the more you age the more responsible you become. Some insurance companies offer discounts to their senior drivers rather than raising their rates. They believe a stellar driving record over the years says more about the driver than his or her age. Ask insurers if they offer discounts to seniors and retirees because of their driving experience and responsibility, you’ll be surprised how many do.
2. Do You Drive Less than You Used To?
Another way to receive a discount in your Golden Years is to point out that you drive less than you used to. Now that you’re retired and enjoying your rest and relaxation, chances are you log in less driving miles than you did when you were younger. Say so, because insurance companies consider you less of a risk if you are not on the road as much, and the Federal Highway Administration also confirms that older drivers operate vehicles less than younger drivers do. Compare insurance companies to find ones that offer low-mileage discounts on their policies to save extra money.
3. Let Your Carrier Assess How You Drive
If your insurance carrier doesn’t believe you’re a safe driver, tell it to put its money where its mouth is. According to Bankrate, you can ask an insurance carrier to, “place a diagnostic device in your car that transmits data on how you drive.” This will prove to the carrier that you are a safe driver who drives under the maximum mileage as required by your low-mileage policy. In fact, if you stay way below the mileage requirements and don’t drive at night or prove yourself safe in other ways, the company may reduce your policy premiums even further.
4. If You Haven’t Joined AARP Yet, You Should
The AARP is the most powerful lobbying group in Washington D.C., and it lobbies for the elderly. Many insurance companies offer discounts of up to 15 percent to AARP members depending on qualifying factors. For example, if you’re retired and also a veteran, you’ll see more savings on your automobile insurance policy than someone who has not served in the military. The AARP isn’t the only organization that entitles you to senior auto insurance discounts. You should also check with any retired employee organization that you’re a member of and your college alumni association among others.
5. Go Back to School
Finally, you’re never too old to go back to driver’s education and if you do, you might receive a defensive driving discount, per Bankrate. Enrolling in a driver’s education course helps you brush up on your skills, and if you’re an AARP member, you can take a discounted course. The reason why some insurance carriers offer discounted policy rates if you retake driver’s education is simple: You haven’t taken it since you were 15 years old. Yes, you’ve been driving a long time, which makes a difference according to CarInsuranceCheap.net, but you’re never too old for continuing education.
These are five ways you can reduce your automobile insurance costs in your Golden Years, and since you are no longer working, you’ll want to stay within your budget as easily as possible. Don’t pay more for auto insurance than you have to just because you’re older. Take advantage of these five methods to reduce your rates and help you save money so you can enjoy your retirement. Use a comparison tool to get your best policy premiums, and then get out on the road and drive safely, just as you always have.