Personal Finance

Have Minimized Portfolio Risk?

National Association of Insurance and Financial Advisors For others it can be similar to a savings. But for others, it works differently~ In a bank, you can easily
withdraw that money that you have deposited, except in fixed deposits of course. in life insurance, the
death benefit can only be given once you die or meet an accident, as the case may be~ But both can earn
interest, still subject to the policy that you will choose. But at least in life insurance, you will not have a
chance to divert the funds that you have set aside for the future of your family in case you die.
With life insurance, you are referred to as the policyholder. You will have to pay a premium that will
constitute the death benefit. You will be asked to write down or determine your beneficiaries~ If in case you
die on a covered period, then the death benefit will be given to your beneficiaries. This benefit will not only
pay for the debts that you have left or the needs for your funeral but as a sum can be a way in which to
make you family have a good start.
Life insurance is very important. It will take on a burden that your family will face in case you pass away~ This is true if you happen to be the only working parent. How could your spouse provide for your children's
education~ daily subsistence and all? With life insurance, you can extend your love to them even without
your presence. You can continue and make come true the plans that you have dreamed for them. But, to be able to achieve this goal, you must make the wise choices and decision concerning your life insurance
purchase.

Always Seek the Assistance of a Registered Advisor

secure their financial futures A Roth IRA may allow you to withdraw money at retirement tax-free. Most are unaware that forty percent of a person's income goes to pay taxes. You will keep more of the money you earn by investing in an IRA.
For young investors the stock market can be a great place to start investing. As your account size grows you could take some of that money and move it into real estate or business ventures.
Diversification lowers risk. For example, if you have 'all' your money invested in the stock market when
prices are declining then 'all' your money may decline in value as well. Now if you diversify your holdings
and had a portion of your money invested in the stock market, some in the real estate market and some in
businesses you might avoid a big loss.
The thought of funding one's own retirement makes some people nervous but if people start young and
stay consistent, today's generation will be able to afford the lifestyle they want now and throughout their
life.

(More Info Here & There)

Steve Azoury

Personal Finance

Steve Azoury Professional Insights

Chartered Financial Consultant (ChFC) Rational Behavior
1. Buy in a declining market to take advantage of lower prices
2. STAY invested... Take the long view and continue contributions while riding out
market ups and downs.
3. Sell or rebalance when the market is rising to lock in gains
Irrational Behavior
1. Sell low: Locks in your losses
2. Cash out: Wait until it is 'safe' to re-enter the market after it has recovered
3. Buy high: Get back into the market once share prices are rising
Overreaction, herd mentality and over confidence drives Irrational Behavior. For instance,
responding in the extreme to the latest market noise, causes erratic swings in your investment
decisions. Following the 'crowd', after all, how can everyone be wrong? Believing in your
ability to 'time the market'
Ideas to combat Irrational behavior
1. Have discipline to maintain your long term strategy, regardless of the market noise
2. Have a well diversified portfolio
3. Have assets allocated based on your time horizon and risk tolerance
Remember, it is always a good idea to analyze your investment performance as it relates to
your risk tolerance. Tweaking your investment choices periodically can make a huge difference
in your returns by eliminating poor performing investments.

Always Seek the Assistance of a Registered Advisor

secure their financial futures For others it can be similar to a savings. But for others, it works differently~ In a bank, you can easily
withdraw that money that you have deposited, except in fixed deposits of course. in life insurance, the
death benefit can only be given once you die or meet an accident, as the case may be~ But both can earn
interest, still subject to the policy that you will choose. But at least in life insurance, you will not have a
chance to divert the funds that you have set aside for the future of your family in case you die.
With life insurance, you are referred to as the policyholder. You will have to pay a premium that will
constitute the death benefit. You will be asked to write down or determine your beneficiaries~ If in case you
die on a covered period, then the death benefit will be given to your beneficiaries. This benefit will not only
pay for the debts that you have left or the needs for your funeral but as a sum can be a way in which to
make you family have a good start.
Life insurance is very important. It will take on a burden that your family will face in case you pass away~ This is true if you happen to be the only working parent. How could your spouse provide for your children's
education~ daily subsistence and all? With life insurance, you can extend your love to them even without
your presence. You can continue and make come true the plans that you have dreamed for them. But, to be able to achieve this goal, you must make the wise choices and decision concerning your life insurance
purchase.

(More Info Here & There)

Azoury Financial

Personal Finance

Always Seek the Assistance of a Registered Advisor

STRENGTHENING YOUR FUTURE BY PREPARING TODAY When you make the commitment of marriage, you already understand that it means forever. Once you
already have your own family, you will be flooded by the many things which you did not understand back
when you were young. You begin to care a lot more for your family that yourself. You work hard, strive more and begin accepting challenges just to make your family proud and contented.
Indeed a family means a lot to everyone. Even those who claim that they are not sentimental will melt like
candle when their family is on topic. Who wouldn't? Families are the basic unit of our society and they are
the ones whom we have spent a lot of our time~ Given this reality, we know that almost all that we are doing
are centered towards giving our families a better life. However, it seems like nowadays, we are racing with
time. We do not know when we will die and apparently, none can predict that too. This is the main
hindrance to the plans that we have made for our families.
This is the reason why life insurances were created or formulated. It's not just a business which a few
people enjoy. It's a policy that has made immortal love possible. What then is life insurance? Could it be
equated to a savings in a bank?

Have Minimized Portfolio Risk?

Chartered Financial Consultant (ChFC) Unplanned expenses are unexpected and to avoid letting these expenses lead you to financial ruin, it is
wise to accumulate an emergency fund.
First, determine how much you will need, usually 4-7 months worth of expenses. Focus on having
enough cash to cover expenses, not on replacing your entire income.
Next, your emergency fund should be accessible, but not so accessible that you will be tempted to use it
for every day spending. Try using a separate account that you can't just walk in and withdraw the funds.
Then, consider setting up a monthly savings goal and make it a regular part of the budget to insure the
money is saved each month. Create a balanced budget to pay your bills, otherwise, you will be pulling
money out of your savings and this will defeat the purpose. Remember, an emergency fund is for the
unexpected, not for the annual insurance bill that should already be in the budget.

(More Info Here & There)

Steven Azoury