financial planning and risk management
Son of a mandate from Allah. Educate a part of worship, though not an easy matter. Is the dream of every parent, when able to provide the best education for their child either. Yet another fact often said, most parents are not able to make it happen.
Why did this happen ..? It turns out that the main cause is lack of financial planning and risk management, such as:
1) consumptive lifestyle
2) the improper management of earnings
3) The mindset of people who have not put insurance as a requirement, in addition to savings in the bank.
Preparing for the education of children is an obligation for each of us parents. Sometimes we often forget to ask ourselves whether we have prepared the cost, to finance the education of our children’s future. Whereas in preparing children’s education fund, actually not only need to know about how to calculate the budget for the preparation of funding their education, but also what investment products should be selected. So the choice or ideals can be realized for our children to school place they want without constrained cost issues.
With the Insurance Education, you do not have to worry about the fate of your child in the future. Your savings are protected. If something happens to you, whether it’s critically ill, accidents and even death, your plan will still carried on saving money. Since the Insurance Education will take over to save for your child’s education fund, so that you plan to collect money for your child’s college costs will continue to happen until the child turned 18 years old. Graduation Degree
If you think education is IMPORTANT! So do not hesitate to start saving money now, before it’s too late! Remember we do not know what will happen tomorrow, at least we have to prepare something that’s best for our baby.
Congratulations education funding plan your baby
trade management rules
One of the few trade management rules that we can state we never break is ‘Never add to a losing trade’. Trades are split into winners and losers, and if a trade is a loser, the chances of it turning right around and becoming a winner are too small to risk more money on. If indeed it is a winner disguised as a loser, why not wait until it shows it’s true colors (and becomes a winner)before you add to it.
If you do this you will notice that nearly always the trade ends up hitting your stop loss and does not look back. Sometimes the trade turns around before it hits your stop and becomes a winner and you can count yourself very fortunate. Sometimes the trade hits your stop loss and then
turns around and becomes a winner and you can count yourself unlucky. Whatever the result, it is never worth adding to a loser, hoping that it will become a winner. The odds of success are just too low to risk more capital in addition to the initial risk.
Don’t take too much risk
One of the most devastating mistakes any trader can make is risking too much of their capital on a single trade. One thing is certain in trading and that is if you lose all your capital you are out of the game. Why risk so much you could be prevented from continuing? There is a saying in
poker than going all-in (risking all your chips) works every time but once. This is true of trading.
If you risk all your account on every trade it only takes one loser to wipe you out (and no trading method is 100% accurate), so you will be out of the game at some point – it is only a question of time.