10 Low Risk Investments Reaping High Returns

With the rising cost of living, it’s very crucial that we put our money in something that will benefit us in the future. One way to do that is to invest our hard-earned cash in financial plans that will reap the highest returns possible. But a common misconception is that if you want to generate a higher return, you should invest in higher risk investment. But this isn’t true all the time. The following are some of the low risk investments, which have potential high return value. 

Certificates of Deposits

A certificate of deposit (CD) is a savings certificate entitling you, the payee, to receive interest. With the CD, you give your money to a financial institution for a specific length of time. In exchange for this, you get a fixed set of interest rate over a specific term period. If you choose to withdraw your funds before the term of CD terminates, you will be charged a penalty fee, which usually equals to three month’s worth of interest. 

Treasury Inflation Protected Securities

Also known as TIPS, these types of bond investments are designed to protect the investors against the negative impact of inflation. With TIPS, you’re guaranteed that you get your principal back, along with the interest rate. TIPS can be purchased directly from the government, or through banks and financial brokers. The minimum investment is $100, with $100 increments. 

US Savings Bonds

US savings bonds are one of the safest and low risk investments available, since they are backed up by the federal government. They offer a fixed rate of interest over a certain period of time, and are not subject to income taxes. There are two types of US savings bonds: the Series I and the Series EE bonds. The Series I bond works similarly with TIPS – the fixed rate is never changed, but the inflation return rate is adjusted every six months. The Series EE, on the other hand, has a fixed interest rate that is automatically added to the bond at the end of each month. 

Annuities

An annuity is a trade investment, wherein the insurance company pays you a guaranteed income at your retirement in exchange of your large sum of money. It works almost similar with CD. However in annuities, the interest rate is tax-deferred. There are many types of annuities, each of which has varying benefits and disadvantages. Talk to your financial advisor to know more about them. 

Money Market Accounts

Money market account is a type of savings account that offers competitive interest rate in exchange for a larger sum of deposits. This is a great investment option for those who want to gain higher returns. However, you may be required to maintain a certain balance to qualify for higher interest value, which is usually $1000. 

Cash Value Life Insurance

This is a type of life insurance that pays out the policy holder once a certain amount of premium has been paid to it. In addition, the amount contributed to the policy can also be used as a cash value that can be borrowed by the policy holder. In the event of death of the policy holder, the accrued value is transferred to his or her heirs, tax-free. Whole life, universal life, and variable life are all types of cash value life insurance. 

Municipal Bonds

Municipal bonds, also known as munis, are a debt security issued by a state or locality to finance its investment projects, such as schools, bridges, hospitals, and highways. The issuer of the bond receives cash from investors, like you, to fund its projects and gives it back on the agreed period of time. Municipal bonds carry interest, which is paid either in a fixed or variable rate, depending on the agreement. What makes this bond a better deal is aside from the higher interest rate, you also yield tax-free earnings. 

Preferred Stock

Preferred stock is a type of stock issued by corporations that has both equity (stock) and a debt (bond) instrument. Preferred stockholders have a larger distribution portion to company’s assets and earnings compared to common stockholders. If you want to own a share in a company, while getting dividends, then buy a preferred stock. 

Dividend Paying Stocks

Dividends are a distribution of portion of a company’s earnings to its stockholders. When you buy a share from a corporation, you are entitled to receive a dividend. If you’re looking for a way to increase your investment but worried where to put your money, then dividend paying stocks are a great choice. They are usually considered safe, especially if you choose to buy stocks from solid companies. 

Peer to Peer Lending

In P2P, instead of buying shares from a company or paying a financial institution, you lend your money to someone in the hope of gaining income. This type of investment can be a little risky, especially if don’t screen the person or company well. But with thorough screening, you can guarantee higher return value.

The truth is every type of investment is risky. But if you’re too worried that you might lose all your money in the end, then consider the medium to low risk investments mentioned above.

Michelle Mitch is a blogger who really likes to write about crocktock.com to get more information and updated.

Why Accident Insurance Is Necesary To Car Drivers?

• Almost all countries across the globe consider car insurance as a mandatory requirement. This means that a car must have a valid insurance cover for it to operate on public roads.

• However, people tend not to know the importance of having a personal accident insurance cover. In fact, some only buy insurance for the sake of abiding to the laid traffic and insurance laws.

• Accident insurance is of great importance more than people take it. A great number of people who have been involved in a road accident before can attest to the fact that the accident insurance cover was of great importance.

• You must therefore ensure you have a personal accident insurance to avoid any inconveniences should an accident occur

• Note that a car accident comes forth with a lot of complicated issues. Once a driver is involved in a car accident, a lot of troubles are bound to follow. In this regard, accident insurance is important to help victims go through such troubles.

• Once involved in a car accident, you insurer will require your car registration details. This will help them ascertain that indeed your car was involved in an accident.

• The insurance is then processed and compensation granted to the victim once confirmed. The following are benefits of having an accident insurance:

FINANCIAL SUPPORT

• Sometimes the accident might be intense to the extent of confining victims into disability.

• Also, an accident can be serious to an extent of making you not to work for a long time. In such cases, it might prove daunting to cater for your personal and family matters.

• However, if you are covered for motor accidents, your insurer will be there to provide you with financial support especially in times when catering for your living proves hard.

• In the same vein, death can result from an accident. In such cases, accident insurance will be important since it will help in catering for the family of the deceased.

MEDICAL CARE

• Injuries that occur as a result of accidents can be serious. In such cases, you will require medical attention which again might be expensive to pay for.

• In relation to this, the injured party will have no worries of settling medical bills. This means that you will undergo the recommended treatment without any kind of financial strains.

OTHER EXPENSES

• The good thing about accident insurance is that the victim will have any other expense resulting from the accident catered for.

• You will only require proving that the expense came as a result of the accident. Once confirmed, the insurer will step in to pay for such expenses.

• To pay for different expenses that occur during the accident can be super costly especially if left for the driver to settle personally.

• However, it is important to note that not all insurance companies offer such benefits to their clients. You must therefore take enough time to come up with an insurer with best deals and benefits.

Author Bio: Amy Lawson is a content writer. She is a professional blogger from London and have written many articles on Entertainment, Finance and Health categories. Now she is doing research on british driving licence etc.

How to Help Your Staff Adjust to Change

Change is one of the hardest issues that managers deal with in the workplace. Whether it is updating the company's technology, adding in new staff members or simply replacing the furniture, employees typically resist change. While it is inevitable that managers will often have to make changes to keep business running smoothly, there are ways to mitigate the effects it will have on your staff.

Help Them Get Used to the Idea

One of the best ways to introduce something new to the workplace is to allow your staff to gradually adjust to it. Let them know in advance that you will be remodeling the office and that their desks will be replaced. Start by gradually replacing the furniture in common areas, then finally their personal furniture. This principle can work with other changes as well. Let them test out a demo version of a new software while still using their old system. They will be able to accept change better if it is gradual.

Understand That They Will Go Through Stages of Grief

Adjusting to change is often akin to the adjustment to any major loss in life. People will go through denial, hoping that the news of a change is simply a rumor. They will then go through anger, lashing out and becoming enraged at the thought of having a new boss. They may try to bargain or negotiate, hoping that improving their work performance may stave off the change. Finally, they will accept the new change and start to move on in their work lives.

Helping your staff get used to the idea of change means understanding these stages and helping them through them. Expect anger, disbelief and shock. Taking change management courses can help you to better understand these concepts and manage your staff.

Communicate With Them

When you are introducing new policies or staff, it is important to communicate with your existing staff. If you don't tell them what is happening and how it will affect them, they will start to spread rumors. This will lower morale at the company and lead to a loss of productivity. When you communicate with them openly and honestly, they can make the right conclusions and feel more secure about their role in the workplace.

Be Flexible

When you introduce something new to your workplace, understand that everything may not go smoothly. In change management training courses, managers are taught to recognize the signs that the change is not going according to plan. Perhaps one of your staff members was on vacation when you trained the staff on the new software and you now have to train him separately. Maybe the assistant does not work well with her new boss. The IT department may have a hard time integrating your new software with the old operating system.

When you make major changes in the workplace there may be setbacks and delays. If you anticipate these setbacks, you will be in a better position to overcome them.

Keep Spirits High

New change may mean that some well-liked staff members move to different departments or a favorite chair is replaced by new, ergonomic ones. The key during major change is to keep spirits high. Now is the time to pull out all the stops when it comes to enjoying a happy staff. Bring in breakfast a few days a week and give out incentives for excellent work. Openly praise and thank your staff for their cooperation and reassure them that they are still doing a good job. If they feel secure that they are still valuable to the organization, they will be able to keep up with their work in spite of any new changes.

As a manager, there are times when you will have to help your staff adjust to workplace changes. Even small changes can change the dynamic in an office, and handling these with finesse is key. A Diploma of Change Management will help you to get the skills you need to manage these workplace changes. Start on the road to this exciting diploma program today.

How to Attract Top Talent to Your Company

Companies that are looking to hire top talent need to come up with clever ways to add that talent to their teams. While hiring an executive is more complicated than hiring a cashier or another low level employee, there are several sensible steps that companies can take to get the executives that they are after.

Allow Your New Executive to Make Mistakes

There is a good reason why your company is looking for new leadership. Most likely, your company has been in a rut or suffering from customer or regulatory backlash. This means that there is a lot that needs to be changed or scrapped before the company can compete and thrive.

When a new executive comes in, he or she is going to have to take distinct action as soon as he or she starts. Therefore, mistakes are most likely going to be made and will need to be ironed out as time goes on.

If the executive doesn't have the support of those around him or her, that person probably won't want to take the job. When someone is in a bad situation without any support to help fix the problem, that position is going to be seen as toxic and not worth touching.

Allow That Person to Bring in His or Her People

The typical executive has spent years or decades working up to the executive level. Along the way, he or she has developed many connections and business relationships. Allowing your new leader to bring in people that he or she is comfortable with can be a great way to entice that person to come join your company.

When your executive has people that he or she can trust, it makes it a lot easier for that person to lead. It is also in the best interest of the company to bring in as much talent as possible. Those who have a proven track record aren't easy to acquire in today's business world.

Give That Person Ownership of the Company

To get the right person, you may need to cede a large part of the company to that person. While this may be scary to some shareholders, it means that the new executive has an incentive to do well. If compensation is tied to the performance of the company, that executive has to make moves that benefit the company. This presents an opportunity for everyone from the CEO to the person stocking shelves in the store to benefit from the success of the company.

Offer the Opportunity to Cement the Executive's Legacy

Those who are stepping into a new position for the first time want to be able to take credit for something. This helps to cement their legacy and gives that person credibility. If your company is looking to roll out a new product or wants to completely change company culture, allowing the new executive to take charge of that could entice him or her to want to be with your company. In some cases, merely allowing an executive to take credit for something that may have been in place before he or she came on board could do the job.

There is a lot that has to be done to attract a top executive. For companies that are eager to get the search underway, it may be a good idea to partner with an executive recruitment agency. The recruitment agency can help your company find the right people with the right skills to lead your company into the future. It could be the difference between taking the company to the next level and shutting down operations for good.

Do I Need to Declare Bankruptcy? Five Tips on Deciding if Bankruptcy is the Answer

As a business owner who has poured his or her heart and soul into an effort, it can be quite difficult to determine if bankruptcy is the answer for your business – in effect, it is closing a chapter in your life. Deciding to give up on your business and declare bankruptcy is always a tough step, but if you do your research you can be sure that you are making the best decision for yourself and your company. Here are a few criteria which can help you determine if bankruptcy is the right course of action for you.

Have you lost your passion for the business?

If you do not have the same fire for the business that you had in the beginning, then you will not be able to overcome the financial hurdles that you will need to in order to bring the company back to profitability. If you have lost passion, then it is time to cut the cord. If you are still highly devoted to your company and want to try other options to stay afloat, then it might not be time for bankruptcy.

Are the finances insurmountable?

If you have consulted with reputable, trusted financial advisors and you have multiple opinions saying that there is no way to return to profitability, then you may want to consider declaring bankruptcy. However, only consider this if you have multiple opinions telling you the same thing about your business. If you are still not sure that this is the right option for you, get a second opinion and look into other debt consolidation options.

Has your schedule changed?

Do you have less time to invest in your company than before? There are many life events that can completely change the schedule of an individual. Businesses take time to turn around, if you do not have this time, then it may be time to move on to other endevours.

Are you beginning to sell long term assets for short term fixes?

No financial advisor will ever tell you to trade long term assets in order to pay off short term debts. When your business begins to eat into your long-term savings, then it is time to stop investing in it and possibly declare bankruptcy. You don't want to risk losing everything and your future financial freedom for a short term fix.

Is bankruptcy the best legal option for you?

There are many ways to pay back creditors other than bankruptcy, many of them with less long-term financial repercussions. You can try to consolidate your debts or to settle them. Sometimes even those options won't keep your afloat though. According to an expert from Abakhan & Associates Inc, bankruptcy may actually be the best option for you under certain circumstances. You should consider a consultation with a reputable bankruptcy lawyer to discuss your options before declaring bankruptcy in BC.

Declaring bankruptcy is a decision that should not be taken lightly; however, time is of the essence when you are considering the future of your business as well as your life. Make sure to get expert opinions as soon as you can so that you will have the information to make an informed decision about how you should move forward with your financial life. Make sure that you get professional advice right away so that you don't dig yourself deeper and deeper while you are making your final decision.

More Than You Can Chew: Tips for Paying Medical Bills

A large medical or dental bill that is more than you can chew is so discouraging. When presented with a super-sized medical bill, it is possible to negotiate with the hospital, doctor, or dentist providing services. The results may be instant, or take some time to achieve, but do not despair. Here are tips for paying medical bills and keeping on top of your finances when the unexpected occurs.

Ask for a Discount Before Receiving a Medical Bill

Ask the doctor, hospital, dentist, or oral surgeon for a discount prior to the service if possible. Tell the provider that you do not have health or dental insurance, or any relevant financial circumstances. For example, if unemployed, living on a small fixed income, or anything else that affects the ability to pay, discuss this before services are rendered. Many providers and health care facilities offer financial services assistance to those in need. Unfortunately, unless the patient informs his or her doctor or institution about financial circumstances, the provider bills without consideration.

Offer to Settle the Outstanding Bill Immediately

When requesting a discount for services, do not accept the provider's initial rejection as the final word. The doctor or dentist needs office cash flow. Offer to pay the debt in full, at the reduced price offered, immediately. Pay the bill with a cashier's check or in cash, immediately after offering to pay the discounted rate. Write “paid in full” on a cashier's check and request a receive stating that the debt is paid when settling in cash.

How to Pay Older Medical Bills

Sometimes the patient's financial condition changes quickly, and he or she may become unemployed shortly after receiving expensive medical or dental services. It is still possible to ask the provider or hospital for a discount. In this instance, contact the doctor, dentist, hospital, or medical facility as quickly as possible to discuss the circumstances. If months have passed since the services were provided, look up the fair price for the services received. Use this information to negotiate a discount. Insurance companies use similar information to negotiate a better price on their subscribers' services.

Arrange a Payment Plan

Occasionally, a doctor, dentist, or hospital will demand payment in full. In this scenario, politely explain your financial circumstances, and request a payment plan. Never provide a credit card or offer to pay the amount owed on a credit card. This action subjects the financially-strapped individual to interest charges required to finance the medical bill. Instead, offer an affordable payment amount. Then, make the payments as agreed.

Pay as Agreed

When offering the provider a discount, or requesting a payment plan over a certain period of months or years, keep your word. Never offer a payment plan that is more than you can afford because this puts personal credit and ultimate settlement of the debt at risk. To make payments on a payment plan as agreed, consider writing checks for each month's payment in advance. Place each check into an addressed envelope, then place each ready to send payment in a calendar file.

Emergency Medical Bills

In some situations, such as an emergency, it is impossible to ask for discounted services. For example, an individual is in a car accident, and an emergency vehicle or ambulance takes him to the hospital to receive urgent care. In such an instance, the individual or his family should contact a personal injury lawyer as soon as possible. Jeffery C. Metler, who has had experience in the field says medical bills, rehabilitation services, lost wages, and the cost to repair a vehicle can all be payed with the help of a personal injury attorney. Never interact with the at-fault driver's insurance company without the benefit of a personal injury attorney on your side.

When it comes to your health, you need the best care possible, and often it comes at a steep price. Don't let your current situation dictate your health. Take action and come up with a way to pay off the debt yourself. Use these tips to get started and improve your situation today.