Category Archives: Financial

Financial Infidelity What Is It

Although many are not familiar with the term financial infidelity, it has increasingly become a problem in many households across America. So what exactly is financial infidelity? Financial Infidelity occurs when one person in a committed relationship spends or hides money without disclosing it to their partner.

Like sexual infidelity, financial infidelity can destroy one’s marriage. Money problems are known to be one of the leading contributors to divorce. Financial infidelity happens to be at the top of the list of money problems that lead to divorce. Shockingly, Jennifer Brand, a family law specialist in Philadelphia, stated -I see more cases of divorce caused by financial infidelity than I do from sexual infidelity.-

So how many people out there are actually lying to their spouses about money? The numbers are surprisingly high. In a recent survey conducted by Harris Interactive, the following results were revealed:

Approximately 1 out of 3 people admit to lying to their partners about finances
One in Four people state that their partners have withheld financial information
Three out of Four people surveyed stated that they fight at least occasionally about money
One in Four adults believe that financial infidelity is worse than sexual infidelity
96% of the group surveyed reported that it is both partners’ responsibility to be completely honest about financial issues.

The results indicate that financial infidelity is a serious problem. As one can imagine, any form of dishonesty in a relationship can lead to serious trust issues. Those trust issues can ultimately break down the emotional connection needed to make a relationship last. The reality is that the effects of financial infidelity on a relationship are no different and oftentimes worse than sexual infidelity. If you are having a problem with being completely honest around your finances with your partner or are having problems getting over financial infidelity in your relationship, you should consider working with a financial therapist.

Nikiya Spence is a licensed psychotherapist, certified money coach, and speaker. Nikiya specializes in helping individuals and couples transform their relationship with money. Visit her website at www.solutionsoflife.com or call 770-638-7145 for a free 30-minute no obligation consultation.

Financial News Rising Stars

Because of their youth, these young men and women have no preconceived notions of how things “should” be done, and are not constrained by a traditional mindset.

Feras Al-Chalabi
Partner, Odey Asset Management
Al-Chalabi joined Odey in 1999 and manages $1.2bn of long-only money. This year he has made returns of 11% for Odey’s flagship continental Europe fund, ranking it in the top 10% of peers over one, three and five years. Al-Chalabi has focused on investing in luxury goods, a sector which has aroused fund managers’ interests because of its exposure to high-growth emerging markets. He remains bullish on Europe “as focus turns from the pantomime of the PIGS (Portugal, Italy, Greece and Spain) to the boom times in Germany”.

Reza Amiri
Founder, Susa Fund Management
Former Citadel portfolio manager Amiri launched his new fund Susa in March last year and since then it has returned almost 40%. He began his career as an M&A banker in New York before joining private equity firm Bain Capital and moving to London to focus on European buyouts. In 2003 he joined start-up hedge fund Bailey Coates, a spin-off from Perry Capital, then moved to Citadel in 2005. Amiri collects old stock and bond certificates, which decorate Susa’s Berkeley Street offices.

Asita Anche
Managing director, Goldman Sachs
High-frequency, quant-driven trader Anche was snapped up by Goldman Sachs in August to help develop its fixed-income market-making unit. She graduated from the University of Illinois with a masters in computer science in 2009 and her first job was in the high-frequency trading group at Citadel in the US. Twenty months later she moved to the HFT team in Europe. In 2009, Anche joined Millennium Capital Management, which is renowned for giving traders a high degree of autonomy.

George Andreadis
Head of European liquidity strategy for advanced execution services, Credit Suisse
Former London Stock Exchange trader Andreadis is spearheading Credit Suisse’s dark pool strategy. He works in the advanced execution services group and after four years at the firm has became the face of Credit Suisse on market structure initiatives. He narrowly missed out on winning the most promising rising star at this year’s annual Financial News awards for excellence in trading and technology. During his six years at the LSE, he built and ran the Fix Gateway connectivity service.

Danielle Ballardie
Vice-president, equities electronic trading, Barclays Capital
Ballardie joined BarCap last year to run Liquidity Cross, the bank’s fledgling anonymous trading platform, and has been charged with making it a market leader in Europe, the Middle East and Africa, in the face of stiff competition. Before BarCap, Ballardie spent eight years working for the London Stock Exchange on product development for its alternative trading venue Baikal, technology sales and the exchange’s strategy and preparation for the European Commission’s markets in financial instruments directive.

Julian Barnett
Founder, Ridley Park Capital
Formerly one of Polar Capital’s top-performing managers, Barnett set up on his own last year after seven years at Polar. In the five years to 2008 he clocked an average annual return of 28% for the firm’s $875m Paragon fund. And more remarkably, he returned 20% in 2008, when the average hedge fund was down almost the same amount. Ridley Park Capital the hedge fund firm that Barnett kicked off in June with $200m has since grown to about $350m. Barnett began managing money in UK equities at Close Brothers in 1999.

James Baugh
Director, client relationship management at Turquoise, London Stock Exchange
Baugh was promoted to his current role in February when the LSE bought multi-lateral trading facility Turquoise. He is spearheading its sales efforts and has already increased Turquoise’s share of European cash equity trading from less than 3% to nearly 5%, grown its dark book to a leading position in Europe in terms of volume traded and migrated to a new low-latency technology platform in October. He was previously head of client management for the LSE’s dark pool Baikal.

Mark Beeston
Chief executive, portfolio risk services, Icap
Former Deutsche Bank trader Beeston credits his father’s influence for his “entrepreneurial spirit and drive”. He joined Icap a year ago, charged with expanding its post-trade services division, and got off to a flying start with the acquisition of TriOptima, a post-trade infrastructure provider for over-the-counter derivatives, and is investing in collateral management messaging firm AcadiaSoft. He has also been promoted to Icap’s global executive management group. Beeston says his greatest achievement was building credit default swap affirmation platform T-Zero, which is now part of IntercontinentalExchange.

Greg Best
Managing director, cash trading desk, Morgan Stanley
Best was widely regarded as one of Lehman Brothers’ top cash equities traders, and was part of the team that built Lehman into a top-five equity franchise from scratch when he started in 1999. He joined Morgan Stanley in July to look after the so-called super sectors, covering technology, media and telecoms, natural resources and utilities. Industry insiders have picked him out as a future head of cash equities trading, because his in-depth knowledge and client relationships give him an edge as an execution adviser.

Stephen Birch
Partner and head of manager research, Hymans Robertson
The pensions industry is undergoing dramatic changes, and Birch is laying the foundations for both himself and his firm to not only embrace that change but thrive on it. Birch has been instrumental in transforming the manager research approach at Hymans, and his team now has responsibility for placing up to 10bn of UK pension fund assets per year with investment managers. Colleagues describe him as “a figurehead for external investment manager relationships in the UK institutional market”.

Jeff Blumberg
Chief executive, Egerton Capital
After a decade at Goldman Sachs Asset Management, where he was chief operating officer overseeing the manager’s external hedge fund investments in Europe and Asia, Blumberg quit this year to join hedge fund pioneer John Armitage’s firm Egerton in June. He picked a high-calibre hedge fund to run Egerton’s flagship long/short equity hedge fund has returned 16% annualised since it launched in 1994. Harvard-educated Blumberg has represented the US and Canada at international squash and is also a keen photographer.

Nils Bolmstrand
Chief executive, Skandia Investment Group
A Swede who studied in Spain and has worked in European, Asian, South African and Latin American markets brings a truly international flavour to Skandia’s investment arm. Bolmstrand replaced Jamie Macleod in the top job at the UK’s biggest multi-manager operation in September last year. He has been at the company since it launched in 2007, responsible for product development, distribution and managing relationships with other fund groups, and was previously in charge of Skandia Fonder, the Swedish fund management business.

Eamon Brabazon
Head of Emea private equity exit business, JP Morgan
Brabazon was named most promising rising star at the Private Equity News advisory services awards last month. Twelve months after he became head of JP Morgan’s exit business, the bank has the highest deal tally of any bank this year at 23 either completed or in the pipeline, including the acquisition of Gatwick Airport by Global Infrastructure Partners. Brabazon is also a member of JP Morgan’s liability management team. Outside work, he enjoys skiing, biking, boating and visiting his summer house in picturesque Irish coastal town Kinsale with his family.

Charlotte Burkeman
Co-head of prime brokerage, Emea, UBS
Burkeman is a driven saleswoman. Having started her career in Goldman Sachs’ capital introduction team, she joined UBS seven years ago as part of the Swiss bank’s push to break Goldman’s and Morgan Stanley’s stranglehold over European prime brokerage. In 2006 she moved to the US as UBS’s global head of capital introduction and was promoted to co-head of US prime brokerage sales. In May, she moved back to London into her current role alongside Ashley McLucas.

Liam Camburn
Director, private equity transaction services team, Deloitte
An avid sports fan, Camburn credits his senior school economics teacher for diverting his attention from tennis and rugby to the world of business and finance.
He trained as an accountant at Arthur Andersen and for the past 10 years has provided financial due diligence for private equity deals. He worked for Andersen, Deloitte and KPMG, then spent a year as an investment manager at mid-market buyout house Rutland Partners before returning to Deloitte in July 2008.
He has worked on some of the biggest buyouts of the year, including three for US private equity giant KKR the 1.3bn acquisition of a majority stake in Nordic software services firm Visma, a 700m investment in aviation firm Grupo Inaer and the 995m acquisition of Pets at Home.
Despite the delicate state of the economy, Camburn says he is an optimist on macro issues, and believes uncertainty leads to opportunity. He follows the mantra of “getting the basics right and keeping things simple, or you end up building on weak foundations”.
He still plays rugby every week, although he expects that will change in the new year with the birth of his first child.

Tavis Cannell
Managing director, special situations group, Goldman Sachs
Promoted to managing director last month, Cannell manages the private capital business of Goldman’s special situations group, focused on investing in a range of opportunities across different industry sectors, including performing and non-performing debt, hybrid and junior financing, structured equity, and rescue finance both debt and equity. Before joining Goldman in 2005 he worked in Morgan Stanley’s equity capital markets, M&A advisory and real estate private equity businesses and also as director for a logistics company in Kenya.

Maxime Carmignac
Portfolio manager, Carmignac Gestion
The daughter of the founder of 33bn French asset manager Carmignac Gestion, Carmignac this year returned to the firm she is tipped one day to lead. She manages the firm’s only hedge fund, the 120m market-neutral fund she helped set up in 2007 before quitting to gain analyst experience at Cheyne Hedge Fund in London and Visium Asset Management in New York. She is applying a high-conviction approach at stock, sector and macro level to chase double-digit return targets.

Rose Chamberlayne
Senior associate, Lawrence Graham
Chamberlayne works for some of the world’s richest families on dynastic structures for wealth preservation. She recently advised a high-profile family in the Middle East on a sharia compliant structure and is also focusing on asset protection, particularly for wealthy Russian clients. She has been liaising with Bahamian authorities on new legislation soon to come into effect, and is on course to become a partner next year. Her first baby is due in January.

Esther Chan
Portfolio manager, emerging market debt, Aberdeen Asset Management
Singaporean Chan’s childhood ambition was to join the army, and although she hasn’t fulfilled it she certainly enjoys gruelling physical challenges. This year she completed the Tough Guy race, an assault course through eight miles of mud, underwater tunnels, barbed wire fences, broken glass and fire walks, and has recently done a 134-metre bungee jump.
Chan applies her competitive nature to her work. She joined Aberdeen’s Singapore office in 2005, helping to manage more than $3bn of hard currency assets in Asian bonds. She joined the emerging market desk in London in 2007 and works on a team managing nearly $5bn of emerging market bonds, specialising in Latin America and Asia corporate bonds. In the past 12 months she has driven the launch of a dedicated emerging markets corporate bond fund. Before Aberdeen, Chan worked for John Moore Associates as a corporate finance analyst, advising companies undergoing debt restructuring in Jakarta, Indonesia.

Tony Chedraoui
Founder, Tyrus Capital
Chedraoui’s hedge fund firm Tyrus Capital was one of the biggest launches of last year, rapidly raising $1.8bn and closing to new money. He cut his teeth at Lehman Brothers, initially on the sellside and then running a proprietary trading strategy, before moving to Deephaven Capital, where he was in charge of its European event-driven business. Chedraoui studied at the American University in Beirut before winning a scholarship to do a masters degree at the elite Hautes tudes Commerciales in Paris.

6 Facts About Resources Everyone Thinks Are True

Ways of Making Money from A Small Business Investment

The quality of the small-scale investments make them make money quickly. For small business to grow and earn profits, it just requires the owner to invest little money. Small businesses have little profit realization, but this profit is enjoyed every time. Small-scale enterprises are more beneficial to the large businesses because they demand little capital to operate and they give back running profits readily. Small businesspersons act as entrepreneurs and through their risk-taking attempts in these businesses, they have been able to run other large investments because of the profit they enjoy in these small ones. Here are some of how small businesses make money for the owners.

To begin with, small business owners enjoy salaries or wages they get from the investment. Being the owner of a business does not mean that you should not get paid, as a result, at the end of a working period you are entitled to a salary. Being an employee just like any other, you stand a chance to enjoy periodic remunerations because as an individual you have contributed towards the current performance standards of the business. However, most sole proprietors do not appreciate this money, and they never count it as a source of income.

A businessperson who is mostly concerned with generating profits realizes business success when the market remains firm even after incurring expenses of payments. Company has some requirements that it is expected to meet for it to have enough strength to enter into a new term of operation. After the business requirements or demands are fully met, the business owner benefits by being awarded the remaining profits. The future of the business is very crucial and therefore, the businessperson can decide to grow the business extensively using the remaining profits.

The small-scale owner is at a position of earning a substantial amount of money if he or she decides to sell the business. Even a small business is expected to pay back the business owner with large amounts of profits when sold. An operating business is more marketable because it displays its true grown status and therefore it easily draws potential customers. A small businessman is therefore in a position to starting a bigger business.

Public stocks markets are another source of finances for an investor in a small-scale business. This method helps the business to drastically grow to compete with the big organization. In the process, the small investment can merge with other businesses to increase their scope or it can be acquired by another business.

Car Insurance Tips: Saving Money for Families and Small Businesses

Because statistics prove that separate groups young single males and single females have an overabundance accidents and moving violations than their older and married counterparts, their premium rating factors are much higher than the nation’s average of just one. However, should you fall into either of those categories, don’t despair.

There are numerous premium saving solutions to you. Need more info? best deal. Before we look into these premium saving maneuvers, you should know the exact age, sex, and marital status breakdowns standard among most insurance providers throughout the country. The highest-rated group are single males under age 21, then ages 21-24 then 25-29, with the rates decreasing at each and every higher generation. The following rating factors pertain to principal operators-those who drive no less than 25 percent of the whole mileage and have their vehicles registered in their own names. Single males aged 21-24 use a rating factor that can vary.

Which means that their final premiums can vary from a low of $630 up to $900. Again, the differences in the premiums are staggering, plus this case just one male could save Thirty percent just by searching for the insurance company using the lower $790 rate.

Single males aged, that have a low rating factor, might have premiums ranging from a low of $850  to a high of $1650. The staggering 40 percent contrast between these two premiums is due entirely to the arbitrary utilization of different rating factors among the various insurance firms.

saving money and car insurancr ratesSingle males under age 21 use a rating component that can vary from 2.00 to three.00 depending on the company-double to triple the normal premium charged for an adult male (30 and older) or perhaps a married male 25 or older. In comparison to our standard example, in which the adult /married fees are $360 (based on a 1.00 rating factor), the final premium to get a single male under 21 would vary from a low of $720 ($360 X 2.00) to some high of $1,080 ($360 X 3.00), based upon the rating factor utilized by the insurance company.

As you have seen, the premium differences among various companies could be very staggering. In this case, you could save up to 33 percent annually by simply knowing how to shop around, a subject we’ll be examining comprehensive

Raise Your Cash Via Tax Lien Investment Strategies

Determining a way to invest your finances may prove to be far more difficult as compared to what you thought once you start exploring the options available. After all, you need a risk-free approach to make investments and expand your hard earned money to be sure you’re guaranteed to build up your money as time passes. Whilst there’s many different ways for you to invest your money, a proven way you may want to contemplate will be making a financial investment in tax liens. This really is an incredible method to make investments and expand your money while increasing your own cash rapidly. Whenever you actually invest in a tax lien, it’s likely that you will boost your cash instead of losing profits. Virtually all you’ll need to do is be mindful concerning the real estate you will be making a financial investment in.

When individuals do not pay the taxes on the real estate, the IRS will place a lien for the property or home for the balance. Anyone can acquire this kind of lien, basically paying off the debts for the owner. Then they will get a certain amount of time to repay the person obtained the lien. If they pay off the funds inside the time period limit, the one who holds the actual lien will get their funds back as well as interest. In case they fail to repay the amount of money entirely, the person has the option of obtaining the property or home. They are able to then sell the property, making a profit off the profits.

Prior to starting making a financial investment in tax liens, however, you’ll wish to receive more info on how it works. Tax Deed Investing Info can be obtained online, and will walk you through all of the basic steps of Online Tax Lien Investing so you’re able to truly feel confident whenever you get going. You’re able to discover ways to tell what liens to invest in along with how you can make certain you are investing your money safely and securely.

Essentially Investing in Tax Liens online can be quite a less dangerous method to conveniently build up your money, but it’s one thing you’re going to need to find out more about prior to starting. Start by chatting with Ted Thomas Tax Lien Investing expert or maybe checking out his site to find out about investing in tax liens. Next, you’ll have the information you might want to obtain the liens available for sale in your town to get moving immediately.