alk about back from the dead. About 15 years ago, so-called reverse mortgages — which let senior citizens pull out equity from their homes to supplement retirement income — were just about buried in bad press. Too many bad products and bad deals gave them a terrible rep, said Casey Fleming, a mortgage adviser in Northern California.
But that was then. Now there’s a shift. “Reverse mortgages are becoming more popular, as baby boomers retire,” said Jamie Hopkins, a professor of retirement at the American University of Financial Services in Bryn Mawr, Pennsylvania. “In the next two to three years you will see a tremendous amount more. A lot of our wealth is built into home equity. This will be a saving grace for a lot of baby boomers.
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Both experts are right, but many things have happened that effectively have put reverse mortgages on the financial planning agenda for some baby boomers. The main thing is: boomers may need the money. Many are coming up woefully short when it comes to retirement savings and investments.
Humans are at the end of the day emotional beings. We are driven by them, shaped by them. We allow our emotional memory of an event shape how we will deal with similar situations in the future.
This is true for financial situations. A negative experience with a certain kind of methodology or transaction process will easily deter someone from using it again, despite the potential to make massive profit. We allow greed, anger and disappointment to cloud our better judgement and void our reasoning and logic, a fatal error in a world that requires the clearest of minds and soundest of judgments.
When engaging in financial strategies, you need to have an almost mechanical thinking pattern and to keep your emotions as cool as possible. Working on gut feelings or what your heart is telling you isn’t advisable. One must have a comprehensive understanding of the current market climate and a penchant for analysis and interpretation.
This is especially true in the world of binary options. Many people have become disillusioned by this instrument due to having failed and lost money. They feel betrayed and revaluate something once perceived as a fantastic and easy money-making tool as a robbing trap. They
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Forex beginners sometimes seem “thing in itself.” Coming on Forex, novice traders often do not know where to start. Technique opening trades, market analysis, exchange rate movements – all this at first seems incredibly complicated. As a result, beginners often fall into two extremes – to play “at random” or not work at all in the Forex market. Meanwhile, to learn Forex trading for beginners is quite capable.
To work on the Forex market is quite successful. But it is not “at random”. Forex – financial market laws, the main of which can and should be no casino it operates here is not a theory of probability, and to know to become a successful trader.
But to learn at least the most important of these laws, not necessarily to become a graduate of Harvard or economic gurus.
As rightly wrote back in the 1990s, an American journalist (recognizing that Albania has released ADR – American Depositary Receipts): “If Albania has been able to do it, then why is not my barn to do the same?”
To navigate in the Forex market, we should start first of all, to get answers to some basic questions.
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