Super Rules, OK?

Do you rule your superannuation or does it rule you?

It’s easy to fall for some myths about your super unless you do some clear thinking about who is in charge. Virtually all Australian employees now have a superannuation account, many have several, even more than they know about. We all hope to use this money to fund our retirement, but unless you look after your super then you are in danger of losing some of your money along the way.

Myth number 1. Someone else can look after my super. Only partly right. It is possible go through your working life letting your super run on autopilot, but you may be in for an unpleasant surprise if you don’t keep an eye on your super. Make sure your employer is paying the correct amount, and that if your employer goes broke your super is still available.

If you change jobs you need to decide if you wish to ‘roll over’ the money into another fund. This is especially important if you change jobs frequently. You can find that you have relatively small amounts scattered over several funds, and in each you will be paying a management fee before you earn any distribution or interest. In the long term inflation will eat away at the value of your principle, even though the dollar amount stays the same. Many super companies provide a free service to consolidate small accounts for you. Use them.

Myth number 2. It’s not my money until I retire. Dead wrong. It’s your money, just like the rest of the money in your pay packet. Super funds are providing a service of managing your money until you can legally access it when you retire. You have control of it. After July 2005 you will have even more say about your money. If you are not happy with the service you should tell the service provider. If they can’t fix your problem, then you can sack them and put your money elsewhere.

Myth number 3. I don’t need to worry about it until I am at least fifty-something. Not really. Australians are enjoying longer lives and better health. You will need more money if you want to have more options in retirement. You will probably need to top up your super to achieve financial independence in your golden years. The sooner you start the better.

The Australian Government is generously giving away our money to help lower and middle income earners top up their super. It’s called the superannuation co-contribution scheme. If you, or your spouse, are eligible you should make sure you get your share.

Fact number 1.Our superannuation is our money. To look after your super you need to learn about your rights and options. It’s a long term task. You need to get information and advice. Don’t rush, but start soon.

How to make money with binary options trading

If you are like most people, you may wonder if there are opportunities out there that can be used to generate big returns on your money. I am talking about binary options trading. Before we go further, let’s make sure we are on the same page with what a binary option is and how the trading works.

Binary options are a relatively new investment vehicle that was first introduced to the world at large in 2008. The appeal to binary options is the fact that contracts are extremely short term and can yield over 100% return if you can accurately decide the direction of the underlying stock or commodity. Most binary options websites will allow you to trade indexes such as the Dow, S&P 500, Nasdaq, etc. You may also be able to trade commodities such as oil and gold, along with a few selected individual stocks.

How to get started on the road to huge returns

When you log on to your binary options account, you can select a financial asset discussed above and predict whether the price of that asset will rise or fall in the next hour or so. Once you click the up arrow, a call option, or down arrow, a put option, a trade is born in the form of a contract. However, unlike a regular option, there is no way to exercise the contract. If at the end of the hour your prediction becomes a reality, you could be looking at huge gains that range from 70% to over 100%. It is not unheard of to make over $500 a day, if you know what you are doing. Essentially, binary options trading is a form of day trading, but with much less risk and much lower capital requirements.

The odds of you winning are 50-50, but if you have basic trading knowledge you could further tip the odds in your favor. If you are new to trading or trading binary options, I would recommend finding a broker that allows you to “paper trade,” which means you will be able to place trades and not risk any of your money until you feel comfortable.

What it all comes down to

The bottom line here is that binary options are a great way for anyone to trade with the potential of big profits with minimum time to put in and capital to start. As I stated above, I would start with a practice account to learn the ropes but once you understand the process, a new world of potential riches is within reach.

A Full Review of the IC Markets Broker

About the broker

The IC Markets company was established in 2007 in Sydney. The main mission of the broker is to provide quality services for small and institutional clients. The main feature of the company is the world’s first True ECN trading environment with a direct access to interbank liquidity. The company is trying to emphasize its reputation by showing its suppliers. Liquidity is provided by 50 banks, among which there are such giant suppliers as UBS, JPMorgan, Morgan Stanley, Goldman Sachs, Citi, HSBS, Bank of America and others.

About the broker

The IC Markets company was established in 2007 in Sydney. The main mission of the broker is to provide quality services for small and institutional clients. The main feature of the company is the world’s first True ECN trading environment with a direct access to interbank liquidity. The company is trying to emphasize its reputation by showing its suppliers. Liquidity is provided by 50 banks, among which there are such giant suppliers as UBS, JPMorgan, Morgan Stanley, Goldman Sachs, Citi, HSBS, Bank of America and others.

Localization. The resource is fully translated into 4 languages. In addition to native English, there are Chinese, Japanese and Russian. Also directly on the site, there is a service from Google Translate, which translates the portal into almost any language of the world.

Regulation. The full name of the company sounds like International Capital Markets Pty Ltd (IC Markets). It is regulated by the Australian Securities and Investments Commission (ASIC). The main office of the company is also registered in Australia. Continue reading “A Full Review of the IC Markets Broker”