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Know What Is Trading Volume And Open Interest
Trading volume of a security is a direct real time market sentiment indicator. A high trading volume is an indication that the current trend is likely to continue. Now, good volume analysis needs to be combined with other technical indicators in order to make a trading decision.
Categories: Currency Trading Tags: Business, currency trading, day trading, etfs, Finance, forex, Investing, Mutual Funds, retirement, Stocks, trading
Influencing Variables On The Lump Sum Annuity Decision
If you are approaching retirement you will be facing some pretty hefty decisions. One of these very important decisions to make is your lump sum annuity decision. Will you be taking your entire pension up front, or get monthly installments of it for the rest of your life? There may be advantages and risks to both choices.
Categories: Investing Tags: Investing, lump sum annuities, retirement
Financial Advice Problems
It is no secret that the economy is one of the most turbulent one in recent years. The future of the economy is also uncertain. However, this is not the end of the proverbial world as far as expanding one's financial opportunities is concerned. The need for sound advice is truly important since this will yield the much needed help that some are in dire need of. But, how would someone know the advice on investing they receive will be sound.
Categories: Finance Tags: accountants, banking, Finance, financial advice, investments, retirement, Savings
Baby Boomers What’s After The Bang: Growing Older
While you age, the concept that you may not have the ability to take care of yourself or live on your own becomes more lucid. The decision to give up your private home may be one of the hardest decisions that you'll ever make. But do you realize that you might not need to give up your private home right away? It's true. Knowing what the different aging care choices are can help you make the decision that gets you the right level of care for your stage of life.
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Selecting An Insurance Professional That Sells In Your Native Language
With the creation of large national and global insurance companies invites the concept of cross selling life insurance products to ethnic demographics.
A life insurance company that devotes some of its marketing budget to the development of multi-lingual life insurance agents and relevant language specific life insurance sales material and applications. Not only does the life insurance company have to support its sales effort with multi-lingual materials but also their corporate websites must support the major languages spoken in America, namely: Spanish, Chinese and Vietnamese , and Korean.
New York Life is one of many leaders in this field of cross-cultural marketing and my favorite life insurance company. New York Life’s home corporate website is available in 4 support languages and with their nationwide network of language specific life agents they can service a wider demographic of life insurance consumers. This is an added plus for any life insurance company’s profitability.
Because of deeper market penetration, insurance companies can provide insurance solutions to people who would otherwise have no means of learning about insurance in general. America is a country of many ethnic groups and languages and the sooner companies not just insurance companies but corporate America as a whole realize this, they may find that they can improve their profitability by marketing in your heritage language. Did you know that Spanish is the fastest growing second language spoken in American homes? Did you know that the Hispanic speaking market in America represents a consumer buying power of 900 billion dollars in the U.S. and their buying power has been growing at a rate of 8.2% annually [“Hispanic Trending” by Guillermo Tornoe 2004].
The Chinese speaking market in America is also shares interesting dynamic especially in the South West and Western states. All things considered, it should not be too difficult to find an insurance agent or financial advisor that speaks one of the major financial languages; Spanish and Chinese. I would say in my professional experience that Chinese is more prevalent than Spanish as a second language that insurance and financial professionals obtain through self initiative to better serve their markets or are already bilingual in these languages. If you have parents in their 60’s or 70’s and you are helping them shop for life insurance products or retirement planning solutions, and your parents have a weak command of English.
It would be wise to find a bilingual professional that has sales materials and applications readily available in Chinese or Spanish. If your parents speak another language, perhaps a dialect of Hindi or maybe Arabic, don’t worry because with large insurance companies like Prudential , AIG or New York Life, these companies can find an agent in your state that can speak your language and educate your parents about their insurance options. Often is the case in my profession, it is the adult children , or second generation that is helping their parents[ the immigrant first generation] find and buy life insurance products. Although the adult children are quite knowledgeable about insurance, it is often the ambiguity of insurance itself that confuses the parents and they need everything explained in their own language to make sense of their situation and options.
Most global insurance companies have applications in Spanish, however Chinese as a paper application for life insurance is not widely available. Most consumers who find bilingual life insurance agents often complete an English paper application for life insurance, however they complete this application with the help of their adult children who speak English or with a sibling who is bilingual. There will come a time in the near distant future where life insurance products will have paper and electronic applications in many representative support languages.
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Categories: Life Insurance Tags: Finance, Insurance, insurance agent, Life Insurance, retirement
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