[LAS] Bruce on The Big Call: great place; vote on Thursday; 30 bills passed; 6-8 to be inacted; not there yet; we saw this morning yuan devalued; more competitive position; trigger to global currency reset; dj's making comments on global currency reset; heard this afternoon some encouraging news but cannot say. That's the intel.
Iko Ward : My ears were ringing. Here's what's different. Forex usually polls the dinar and sets the rate around 8-8:30. Tonight, the rate is 1166 across the board, matching CBI. They usually do that on Friday night.
This match basically says to traders don't do anything because there is no spread. Everybody seems to be waiting again. Not the stock markets, they're running scared. See ya'll at 3:30 AM EST.
Iko Ward: So, Forex already polled this AM back to 1165 after starting at 1125. There was beau coup movement last night on the VND. The World Markets are down a good 2%. ISX ticked down a tad. Gold is climbing. Crude remains at 43.
Iko Ward: So who was the star last night...VND...I saw at one point it changed 555, which makes sense because of the Chinese.
GodLovesYou:How can China devalue their currency.....not once....but twice.......in a very short time........upset the economies of both Europe and the United States......and the world........yet Iraq cannot get it done without the IMF, United States, etc.'s approval?
Chillimac: Godlovesyou, china has always been a tradable currency, Iraq 's currency has not been released for trade yet
Jennifer: I thought Tony's answer to a caller was interesting on Monday. They asked about Abadi's ability to "push" the button. Tony said that Abadi has been so close and then one of three people call him and say "No, don't do it yet!" I hope there is too pressure for any one person to stop it again. I believe Abadi must be very frustrated!!!
T-Birdd: Jennifer---- they Had to wait to get all the corruption out --- i think they did that this weekend... NOw they can have no fears.. (my understanding )
Iko Ward: To borrow a metaphor form dear Okie...the plane is on deck and hooked in, we're just waing for POTUS to call the Joint Chiefs to call the Admiral to call Flight Ops to tell the pilot we're a go. Pretty sure a lot of drones and small aircraft are launching all over the place, we just can't see them.
To / approved, all banks ( to suspend trading in dollars ) 08/11/2015
Harambe: China steps in to support yuan: Report http://www.cnbc.com/id/102914077
Harambe: Wall Street in the red after China's second move
Harambe: Vietnam Widens Dong’s Trading Band After China Devalues Yuan
[acdc] This is China's answer to the USA not following thru with the Reforms from 2010.. Plan B is now underway. Rough landing be prepared as distribution will disrupted
[acdc] USA did not want give up voting rights no we pay the price.
[daz] Or....there could be other or additional motivations….
Maybe…..In order for China to be considered a participant team player in a new world economic structure they had to realistically value their trade and currency based in real market values instead of the historical "fixing" they had done for 2 decades.
Once they hit a true value they are brought into the fold and the GCR can complete and SDR structure can be allocated
[daz] only the shadow knows........lol
[daz] either way....all this movement looks good to me. at this point any movement looks good
JersyBoys: Daz... what does SDR stand for again?
daz: special drawing rights....its an imf "currency" consisting of weighted baskets of individual currencies used for trade that inherently have less volatility die to value averaging
Harambe: Daz ... Thank you, good explanation, CNBC article mentioned today that China did ask their central bank to sell-off US dollars to prop up their currency at the end of their trading day ... Gracefully falling.
BSquared: Of what significance is CBI's suspension of trading in dollars?
Trapdoor: It has been illegal to use dollars for quite a while now in Iraq. But, it hasn't been enforced and the law is in place for when they need it. The suspension of trading has happened before, then resumed. It could be a great sign, it could be nothing.
They are really struggling right now in Iraq with liquidity. Most of the three zero notes are gone, USD is hard to come by and they have not released the smals. They killed the reserves because they were NEVER going to really honor them anyway and were able to recall most of that currency as well. Everything is moving forward in our direction.
Trapdoor: The U.S. Based fiat currency is at the end of its run. Can't go on much longer the way it is. That is true. "Full faith and credit" is a joke. Nixon was brilliant, but it has to be fixed.
Elmerf123456: Things are getting too sensitive right now we need to be careful and keep everything inside the room so Dinar Recaps please do not repost my information at this particular time
Also for disclosure purposes please do not repost any of my information from this point forward on any other dinar sites this is to be mentioned and kept here
Martha: I also dont want anything of what I say to go out there either.
Note: Dinar Recaps will honor these requests: WE want the RV/GCR to happen ASAP as much as all of you do…so if we are told info is to sensitive and could cause delays…we definently will not post it….Thanks you all for your encouragement and Intel….We appreciate you very much
Truckerbabe67: 6 Tips on How to Find the Best Financial Advisor For You
( I saw this article and thought It would be helpful for myself and other TNT members as well! )
6 Tips on How to Find the Best Financial Advisor For You By Monty Rodrigues .
Finding the Best Financial Advisor for Your Circumstances
How to Find the Best Financial Advisor - Overview
Finding the best financial advisor, especially if you have little or no experience in working with professionals in the field, can be a formidable task.
The market is full of financial advisors with various titles, designations, investment styles and fee structures. What’s more, many advisors use different names for the same services.
Nonetheless, putting in the effort to find the best financial advisor for you can pay big dividends. Here are a few of the things a good advisor can do:
• Advise you on how to reach your long-term financial goals
• Execute and manage your investment choices
• Provide detailed tracking on how investments are performing
• Keep you abreast of the latest market trends and investment opportunities
This article demystifies the process of choosing a financial advisor by offering 6 tips on how to find the best financial advisor that matches your needs.
6 Tips on Finding the Best Financial Advisor for You
1) Decide what level of service you want
Some financial advisors do not actually manage your investments for you. Commonly known as investment advisors, or simply financial advisors, these professionals are paid to give advice.
If you wish to maintain a hands-on approach to your investing, the advice-only approach may be the right choice. This type of advisor will offer a wealth of expertise, but will leave the implementation to you.
For many investors the best financial advisor is one who offers a full-range of management services, including wealth management, estate-planning, tax-planning and so forth.
This option usually provides great value for the money, and allows your investment strategies to be implemented seamlessly and without delay.
2) Decide whether you want a fee-only, fee-based, or commission-based financial advisor
One of the keys to finding the best financial advisor is understanding how the advisor earns money.
The difference between fee-only, fee-based and commission-based financial advisors can be understood with one simple question: How much of the advisor’s income is generated from sales commissions?
There are a plethora of financial products on the market today, and many of them pay commissions to financial advisors who sell their products. This means that some advisors have a vested interest in putting certain investments in your portfolio.
• Commission-based financial advisors receive the majority of their income from sales commissions. Fees may be lower, but advise is more subjective since the advisor depends on commissions to earn a living.
• Fee-based financial advisors make money by charging fees directly to the client, but may also receive sales commissions from certain financial products.
• Fee-only financial advisors receive 100% of their income from fees charged directly to the client. Since they have no vested interest in selling certain financial products, the fee-only advisor is often considered the best financial advisor on the market.
3) Check the advisor’s credentials
If you walk into a financial advisor’s office, chances are you’ll see one or more titles on the wall. Knowing the basic definitions and requirements of these titles will help you find the best financial advisor for you.
• CFP means Certified Financial Planner. The recipient has several years of experience as a financial advisor, and has passed a 10 hour board exam to achieve the CFP designation.
• ChFC means Chartered Financial Consultant. Holders of this title have completed the same core curriculum as CFPs, but have not been subjected to the board exam.
• RIA means Registered Investment Advisor. This title is usually awarded to an organization, but may also be obtained by individual. RIAs specialize in managing the accounts of $1 million or more.
• CFA means Chartered Financial Analyst. This is a very difficult designation to obtain, and indicates a very high level of investment expertise. Roughly 20% of financial advisors who seek the CFA designation are successful. A CFA who also holds other designations, such as CFP, is often a sign of the best financial advisor you can find.
• CPA means Certified Public Accountant. Advisors who hold this title have demonstrated expertise in risk management, tax planning, account analysis, and investment strategy.
4) Look at the advisor’s age, lifestyle, and other clients
For many investors, the best financial advisor is one who:
• Manages similar portfolios belonging to clients of similar net worth
• Is not more than ten years older or younger than the client
• Has similar goals, financial interests, and investment philosophies
As an investor, you want to feel that your financial advisor is 100% aligned with your goals, and understands you on a personal and lifestyle level.
5) Ask for sample investment plans
The best financial advisor should be able to look at your assets and provide you with sample investment plans. This is a good way to dip your toe in the water and learn about this particular advisor’s style and expertise.
It also clarifies the best style of communication between advisor and client. If a financial advisor provides sample investment plans that are many pages long and difficult to grasp, many investors will not understand.
On the other hand, if an advisor provides a short, concise summary of possible investment scenarios, a more involved investor many not have all the information he or she wants. Asking for sample financial plans is an excellent method for finding the best financial advisor.
6) Clarify how much contact you want from a financial advisor
Handing over a large sum of money to even the best financial advisor is not easy. Staying in contact allows you to keep tabs on your investment, and maintain a feeling of security and collaboration.
It’s best to be upfront with your advisor about how much contact you want or expect, and to be clear about any extra fees involved.
Financial advisors typically work with many different clients, and therefore cannot afford to have unlimited contact with a given client. Extra fees may apply for investors who desire more consulting time.
Choosing the best financial advisor involves a number of different variables, including your own investment philosophy and the size of your investments.
It’s also an exciting process that can develop into a mutually beneficial, long-term collaboration. Following these 6 tips will increase your chances of finding the best financial advisor for you.