Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

The Stock Market is Not a Sure Thing

services Frequently, many people want to invest with a hope to be rich overnight. This is not totally impossible - but it seldom happens. So, don’t count on it. It is a very bad idea to start investing aiming to get rich overnight. Instead, a safer approach is to plan to invest in such a way that will enable your money to grow over time slowly. When you have achieved your target, you'll be able to use the returns on your investments for your child’s education or for whatever you have planned to do. However, if you want to be rich quickly with your investments, then you may want to look into short term, high-yield investing. Get all the information you can get about this type of investments before you begin.
Before making your investments, it is better to consult with a well qualified financial planner. He or she should be able to advise and help you in your choice of the type of investment you can go into with the financial goals you've set in mind. He or she should be able to give you an idea of the kind of realistic returns you can expect from your investment and when you can expect to reach your financial goals.
Investing is much more than just contacting your investment broker and giving him or her instructions on which stocks or bonds to buy or sell.

Consulting With You

cpr Personal Ethics and finance go hand-in-hand; if you have a good relationship with yourself, you will be able to save money. You won’t feel the urge to do things that go against your ethics like sign-up for a credit card using someone else’s name.
Personal finance involves taking a few steps toward safe-guarding your money. Your money spent should not exceed your money received. In order to prevent this from happening, you should make a crude balance sheet and use it to record all of your transactions.
Each month write down how much was received and how much was spent. Make a list of all the things the money was spent on, so you can keep track of your money.
You will be amazed at how much we spend on things that are not necessities.
Make a list and stick to it. Always try to get the best deal for your money and remember that cheaper does not necessarily mean lower quality.
After-all it is your money; managing your personal finances should be seen as a mandatory part of making money work for you.

(More Info Here and There)

Dan Levin CPR Consulting

Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Retirement Planning is a Form of Financial Planning

reaching your financial goals 401k plans differ greatly depending on the employer who sets the rules. The only way to get the most out of the plan is to get to know it and make educated choices.
Things to learn about:
- What is the maximum percentage of your salary you are able to contribute?
- Is your employer matching the contributions? If yes, what is your minimum contribution, before your employer’s contribution starts, and what is the maximum?
- What are the number of years you have to be with the company (so called vesting) to be eligible for the employer’s contributions to your 401k?
- How often can you switch among available investment options?
- Are earnings posted to your account on a weekly, monthly or quarterly basis? When do you get your account statements? Note, it is always more beneficial if earnings are added to your balance more often.
- What methods can you use to access the account? By phone, on the internet or only in writing?
- Did you spread your money among different investments to reduce the risk?
- Did you learn enough about the investments you are using?

Investing Requires Care

cpr Personal Ethics and finance go hand-in-hand; if you have a good relationship with yourself, you will be able to save money. You won’t feel the urge to do things that go against your ethics like sign-up for a credit card using someone else’s name.
Personal finance involves taking a few steps toward safe-guarding your money. Your money spent should not exceed your money received. In order to prevent this from happening, you should make a crude balance sheet and use it to record all of your transactions.
Each month write down how much was received and how much was spent. Make a list of all the things the money was spent on, so you can keep track of your money.
You will be amazed at how much we spend on things that are not necessities.
Make a list and stick to it. Always try to get the best deal for your money and remember that cheaper does not necessarily mean lower quality.
After-all it is your money; managing your personal finances should be seen as a mandatory part of making money work for you.

(More Info Here and There)

Dan Levin CPR Consulting

Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Money and Markets Are Interesting

services Understanding Diversification
Diversification means that you create an investment portfolio that attempts to reduce risk by using multiple types of investments and investing in more than one company, and within more than one industry.
With a diversified portfolio, when one industry or company fails or takes a large hit; the rest of your investments should be strong enough to weather the storm and help minimize the effects of the loss. Diversification reduces your overall risk. On the other hand, if all of your money was invested into the stock of a single company and the company doesn’t succeed, your investment portfolio and net worth is going to take a huge hit and decrease alongside the value of the stock. Additionally, if you invest in multiple companies that are all within the same new technology sector and that particular technology doesn’t take off- your pocket will feel the pain of a failed technology and you may lose your investments!

Your Finances Are Important

reaching your financial goals Create a budget - and stick to it. Make a note of your spending habits over the course of a month. Track where every penny goes so you can figure out where you need to cut back. Once your budget is set for the month, if you find you spend less than planned, use the extra money to pay down your debt.
The first step in managing your personal finance is to pay down your debt. Debt carries interest, and the longer you hold on to debt, the more interest you will have to pay. You may also pay penaties if payments are overdue. So to rein in the runaway interests, pay off your debts as soon as possible. When you have done that, then you can start saving.
Keep your credit card receipts and compare them to your credit card bill each month. This allows you to spot any errors or fraudulent purchases before too much time has elapsed. The sooner you deal with problems, the sooner they are corrected and the less likely that they will have a negative impact on your credit score.

(More Info Here and There)

Dan Levin Investments

Life Insurance

Managing risk is more important than maximizing gains. We believe you should never invest in anything that you are uncomfortable with or that you don’t understand. While we would prefer to live in a world without risk, this preference simply does not conform to the real world. Therefore, we use risk management techniques and tools to reduce the following risks.

Never Underestimate the Power of Financial Planning

financial planning 401k plans differ greatly depending on the employer who sets the rules. The only way to get the most out of the plan is to get to know it and make educated choices.
Things to learn about:
- What is the maximum percentage of your salary you are able to contribute?
- Is your employer matching the contributions? If yes, what is your minimum contribution, before your employer’s contribution starts, and what is the maximum?
- What are the number of years you have to be with the company (so called vesting) to be eligible for the employer’s contributions to your 401k?
- How often can you switch among available investment options?
- Are earnings posted to your account on a weekly, monthly or quarterly basis? When do you get your account statements? Note, it is always more beneficial if earnings are added to your balance more often.
- What methods can you use to access the account? By phone, on the internet or only in writing?
- Did you spread your money among different investments to reduce the risk?
- Did you learn enough about the investments you are using?

The Stock Market is Not a Sure Thing

cpr Understanding Diversification
Diversification means that you create an investment portfolio that attempts to reduce risk by using multiple types of investments and investing in more than one company, and within more than one industry.
With a diversified portfolio, when one industry or company fails or takes a large hit; the rest of your investments should be strong enough to weather the storm and help minimize the effects of the loss. Diversification reduces your overall risk. On the other hand, if all of your money was invested into the stock of a single company and the company doesn’t succeed, your investment portfolio and net worth is going to take a huge hit and decrease alongside the value of the stock. Additionally, if you invest in multiple companies that are all within the same new technology sector and that particular technology doesn’t take off- your pocket will feel the pain of a failed technology and you may lose your investments!

(More Info Here and There)

Dan Levin Investments