Chatbots for Trading and Investment: A Good Idea?

The notion of artificial intelligence is no longer a fictional concept. From user-friendly programs such as Siri to the complex algorithms included in Google Cloud Prediction, the software is becoming an important part of our daily lives.

One particularly interesting scenario can be seen in the rise of the “chatbot”. Through a series of complex computations, these systems are meant to supply human-like responses to their living counterparts. It can be argued that the most well-known online chatbot is a program known as Cleverbot. So, this naturally leads to the question as to whether or not these silicon-based algorithms are wise enough to be used within the world of complex, yet sensitive, user query led interactions.

The Ultimate Intention of a Chatbot

We should first be clear to note that a Chatbot cannot (presently) offer the same level of insightful interaction as demonstrated by HAL 9000 in the film 2001. They are intended to provide a user with answers to very specific questions. Product information is a common example. Having said this, the use of artificial intelligence will help the bot to appear more “human” as levels of interaction increase. In other words, these algorithms learn by experience. So can intelligent programs like this ever be employed within the world of online trading? Financial Times author, Kevin Rose wrote an article back in 2014 about retail trader, CMC Markets, who already use price pattern recognition which identifies up to 40,000 technical trade set-ups each month, impossible to do for a human – This begs the question how far are we from chatbots relaying highly sensitive bits of information?

The Current State of Play

You may be surprised to learn that there are already a number of trading-related chatbots in existence. AJ Bell youInvest and a Chinese firm known as Xiaoi are two notable examples. These and others such as PollyChat utilise Facebook Messenger to “speak” with the user, so there is already a heightened sense of familiarity. After a series of macro questions, a personalised profile will be created. It is therefore much easier to access the most relevant news and information based off of one’s trading preferences. Having said this, these bots are far less intuitive. They are primarily designed to help the trader make his or her own decisions as opposed to automatically generating investment calls to action.

Potential Implications

What types of conversations the traders could potentially encounter when using a chatbot? Current technology limits these exchanges to be somewhat rudimentary. Examples here may include:

  • What types of stocks would you like to see?
  • How can I help you formulate an investment plan?
  • Are there any sectors that interest you?

Besides these general queries, many conversations will revolve around the bot trying to understand the strategies of the user. This can again be accomplished through a question-and-answer session:

  • Do you think the United States will soon raise its interest rates?
  • Is the outlook for the euro bullish, bearish or neutral?

The answers to these and other questions will help the bot formulate appropriate recommendations.

A Wise Decision?

Are chatbots a good idea for traders? Yes and no. They can be a highly intuitive user interface for those who may be new to the industry. However, any discrete recommendations in the future will likely be based off of algorithms alone. This could lead to potentially erroneous trades and until technology advances, it is wise to employ chatbots as a supplement to any strategy as opposed to a strategy in and of itself.

Money-Saving Tips for Booking Your Next Holiday

Booking a holiday doesn’t mean that you need to break the bank. It’s impossible to enjoy a relaxing break away when you’re worrying about money every time you pay for a meal or buy a souvenir.  So, here are some money-saving tips to help put your mind at ease when spending money on your next holiday.

DIY Holidays

Is it cheaper to book a package holiday or to arrange the flights and the hotel separately? Research is the only way to find the best deal for your holiday.

Travel agents claim that their buying power brings down the cost of a holiday, but many websites are now specifically aimed at finding good deals on flights and accommodation. Sites such as Skyscanner and Air BnB have grown in popularity, so consumers may find that it’s cheaper to book separately when planning your trip abroad.

When to Book

In order to find the lowest possible fare for your holiday, you can plan the best time for you to book. Here are a few tips for finding the best prices:

  • For short-haul flights, you should book around seven weeks in advance and for long-haul, book around 18 weeks in advance.
  • Try to avoid the school holidays and book flights on quieter days and times – Tuesdays are often a cheaper day to fly.
  • If you don’t like flying, you could find a great deal on a last-minute cruise. Keep an eye on cruise holiday websites, such as Bolsover Cruise Club.

Planning in Advance

When you’ve chosen your destination, try to book activities in advance. Avoid turning up and trying to find the best spots in your guidebook once you’re there and do some research before you go. If you buy tickets for museums, shows, tours and activities online, you may be able to avoid lengthy queues and save some money at the same time.

Spending Abroad

When you’re thinking about changing your money to the local currency, don’t wait until you get to the airport to do it – it’ll be significantly more expensive than other payment methods. Money Saving Expert advises that the cheapest way to get travel money is by using a specialist credit card and repaying it in full. The second most cost-effective way is to use a travel money comparison tool to find the best rate, which is especially useful if you want to stick to a budget on your holiday.

Find the best deal when booking your next holiday by following our top tips for cost-effective travel – you can enjoy a relaxing, stress-free holiday, without worrying about money.

Struggle with loans debt

Most noticeable with it

Be certain to set a note do not advance payment so the extra amount is going to be put on the loan. Such loans arrive equipped with repayment methods that enable the borrower to control their debt in place of default. At the conclusion, certain loans may qualify for discharge. Given the nation’s high price of living, taking available loans is frequently the answer. The federal financial loans aren’t the financial loans getting people in trouble. For instance, in case you have federal loans with a fixed pace, but are optimistic regarding the marketplace, you may decide to switch to a variable speed. Sometimes, you will need to report your entire federal loans and the rate of interest from various other lenders too.

What everybody dislikes

A debt consolidation business can manage your short-term accounts and lower your rates on charge card accounts, aiding you to remain out of bankruptcy. After you’ve chosen a debt consolidation business and title loans in Austin, you can assess the different choices available. Only you must decide on a loyal credit settlement company for the right termination of your debt problems.

In case you have been not able to pay your debts at the present prices, consolidation might stop you from needing to default on loans every month. Understand how much it is possible to pay on debt monthly. The whole external debt could include its tax liabilities and accounts payable, in addition to other operational expenditures involved in running the organization.

Seek out a respectable agency today to acquire advice regarding how you can escape debt. Next, using your budget for a guideline, produce a realistic dollar sum that you can devote to paying your debts every month. In case you have over three debts and your creditors want various amounts at several times of the month you might find it challenging to co-ordinate your payments in a manner that works with your financial plan.

There are those who get into debt so badly they finally decide to apply for bankruptcy. All these different kinds of debt have to be analyzed with regard to current market value, to have a financial wellness report of the organization and to calculate the WACC. So to figure out the value, you should know the whole external debt of the business, as well as the valuation of its assets.

The benefits

There is a variety of strategies to address debt. Restructuring your debt will allow you to gain charge of your finances once more. Ask us your questions and learn what you have to know about handling your debts. Consolidating your debts is among the easiest methods of getting from the debt trap. An unsecured” debt isn’t tied to a certain parcel of property. Generally, paying secured debts is more vital that paying unsecured debts, therefore it’s important to realize the difference between both. America’s rising debt is likely to become an immense issue for each person who lives here.

Business Credit Secrets Every Owner Needs to Know

While most business owners understand how important it is for them to have excellent credit, very few know the basics of business credit.  In fact, one survey showed that 72% of all business owners in the U.S. don’t know their business credit score.  A big reason is that the secrets of business credit are rarely discussed; this is a shame as businesses tend to be heavy users of credit.    As such, here are some business credit secrets every owner needs to know.

A Brief Introduction

Similar to your personal credit score, the creditworthiness of your business is being graded by credit agencies and there are five reasons why your business credit score is important.

First, it affects the maximum loan for which your business qualifies.  While some banks & funding companies will offer small business loans to those with no credit, most banks require a high credit score for approval. Even if you are approved with a lower credit score, you will have to pay higher interest rates due to your credit score and this will cost you more money over time.

Second, your suppliers will access your business credit to calculate whether they will extend trade credit to your business.   This can impact your ability to purchase inventory on credit from a supplier.

Another way business credit is used is by insurance companies.  These company will look at your business’ credit score to determine how much they will charge you for premiums.  This might sound unfair, but insurance companies believe that policyholders with poor credit tend to make riskier decisions.

If you are looking to gain government contracts, then you want to make sure that you keep a close eye on the creditworthiness of your business as most tenders will include minimum credit score requirements.

Finally, an excellent business credit record helps to protect your personal credit as it reduces the necessity to use your personal credit for your business.  Remember, businesses are heavy users of credit, so if you are relying on your personal credit cards, then you are playing with fire.

What Goes into Your Business Credit Score?

Ok, so you have found out your business credit score but now you want to improve it.  As such, you need to know what goes into calculating your business credit score.  These factors include your business’ Credit Utilization Ratio, payment history, length of credit history, outstanding debts, public records, the size of your company, and any risks related to your industry.

Many of these criteria shouldn’t come as a surprise as they are like how your personal credit score the two differences are company size and industry risk.  However, this shouldn’t come as a surprise as the focus of your business credit score is your business.

While each credit bureau looks at this information they are constantly tinkering with their algorithms.  For example, some reports claim that payment history accounts for roughly half of a business’ credit score.  While FICO’s SBSS also looks at financial reports and the owner’s personal credit record.

Now to the elephant in the room.  When just starting out, your personal credit history plays a major role in determining your business’s credit score.  This makes sense as your business is new and there isn’t much information to go on.  As such, you want to make sure you have a firm understanding on your personal credit score when you are setting up a new business.

This highlights the need to take steps to separate your business credit from your personal credit early on.  Doing so will help your business and it will ensure the risk to your personal credit is limited.

Secrets to Maintaining Your Business Credit Score

Actually, the ‘secrets’ are no secret at all.  First, make sure that you pay your bills on time.  If you can’t pay the entire balance on time, then make sure you make the minimum payment.

Second, use your credit but don’t overuse it.  Remember, credit agencies look at your Credit Utilization Ratio – that is the amount of available credit you are currently using.  If your utilization ratio is more than 70%, then you might have problems getting additional credit.    As such, you should consider reducing your outstanding credit balance.

Lastly, you want to make sure that you regularly monitor your business’ credit score.  This way you can find any issues early on and get them corrected.  One of the biggest problems with business credit is confusion between two businesses with similar names, so by monitoring your score, you will know if something is being misreported.  Remember to take care of your credit and it will take care of you.

How adjusting your work-life balance helps you pay off your debts

Yup! You heard right. It’s not only working like a donkey that gets your numbers out of the red zone. Taking a break and enjoying life is just as important. Now, if you are rocking two or even three jobs with a one-hour commute, you are most probably shaking your head about this whole work life balance thing. But then again, take a moment to think it over. You don’t need to earn billions per year, travel all over the world to chill out in the most exclusive places and get down and funky with high-class escort girls from elite escort agencies for a couple of hundreds per hour. To find some peace of mind, you do not have to sit on the sunny terrace of a 5* chalet in Lausanne looking over the Swiss alps and sipping champagne with one or two ladies or that stunning ski instructor from the luxury resort next door.

All you need is some free time, a nice place to sit down for a while – outside your daily comfort zone – and the will to chill!

What is the concept behind the term “work-life balance”?

It’s quite straight forward. A perfect work life balance means that you are investing just as much time into your work as you do into your free time. And that is how far the theory goes for about 95 % of all working people. Let’s look at some facts:

Splitting up an average working day of a normal employee aged between 25 and 54 with two kids, the Bureau of Labour Statistics came up with these numbers (approx.):

  • Work: 9 hours
  • Sleep: 8 hours
  • Leisure & sports: 2.5 hours
  • Eat & drink: 1 hour
  • Household activities: 1 hour
  • Caring for others: 1.5 hours
  • Other activities: 1 hours

That is one third of a day spend at work. Not too bad, actually. But if things go belly up on the financial side, these 8 hours just won’t cut it in order to make ends meet. According to “USA Today” the number of Americans juggling up to three jobs a day to pay off their debts has been at an all-time high in the last eight years! There’s even a name for those working the night shift after their “normal” job: moonlighters. If you balance up to three jobs plus family, the thought of squeezing in some “me-time” will probably make you laugh out loud. And the idea that this bit of free time can really help you reduce your debt seems pure science fiction. But when you put some thought into it, turning the dial only just a notch towards “life” can really make a difference.

Stop. Think. Act.

Three words that describe a perfect approach to almost any given situation. While shopping, arguing, scuba diving or simply living your life. If you find yourself in a situation where you have to balance up to three jobs so that you and your loved ones can make ends meet, something is obviously going wrong. You can, of course, blame anything and everyone – from faith to politics and the weather – or you can just chill out for a while and do nothing. Absolutely nothing. Just take an hour and sit somewhere without too many distractions. A park, for instance. Because doing nothing is a great way of finding enough peace to mentally hover above yourself and to take a look at what is going wrong, what’s OK and – just as important – what you like about your current situation and what you would really love to do. This won’t happen the first time when you’ll take that hour or those 30 minutes for yourself. But that’s just fine … it is a bit by bit process after all. And once you’re sitting on the park bench, looking at nothing and enjoy wasting a bit of your precious time, you are actually adjusting the scale of your work-life balance. In consequence, you are beginning to understand what needs to be changed and can then begin the process of doing so. If you like this train of thoughts, have a look at this well written and interesting approach and step by step guide from “skillsyouneed.com”.

30 minutes. Every day or once a week. Time for you and you alone. Time to chill and to reflect. Time to come up with a new idea or another approach. Time to make things better!

The Glory Days Of No Responsibilities

Do you ever think back to your college days? I don’t know about you, but I had it made. No care in the world, just go to class and have fun with friends. My financial responsibilities were zero because of amazing parents. All I had to do in return was behave and do well in school. Why didn’t I realize how good I had it at the time?

Financial Responsibility

My parents paid for my room and board as well as my living expenses. I had a car, food, insurance, etc. all covered. The only thing I was responsible for was my entertaining money. This included going out and shopping. I did my share of working to cover these costs. I worked during the summers at various jobs to save up for the school year. My favorite job was being a beer cart girl at a local golf course. It paid very well and it was fun. I loved being able to talk to everyone and just driving around the course on the nice days. Can’t beat it. I also had internships during the year to help build my resume and also help out my savings. I majored in finance so I was an assistant to a financial advisor. I’m glad I did this because it helped me learn what direction I wanted to move in within finance.

Social Responsibility

I was recently talking to my husband about this topic. I am not sure what my parents did, but I was a well behaved kid because I didn’t want to let them down. I had my share of fun, believe me, but I was pretty responsible. I remember my mom would always say “just remember, I’m always watching you”, and I literally would think about what my parents would think if I got caught doing something. Because of this, I did well academically and socially in college.

Why the stress?

I remember at the time I felt stressed. Stressed about what you ask, I have no idea? Most likely petty, insignificant things that seemed major at the time. I had friends during college that were responsible for everything on their own. One was even looking into car title loans to cover their food costs for the month. Now that is stress if you ask me.

So thank you mom and dad for both giving me an amazing college experience but also teaching me to be responsible with money and as a young adult. You did it right and I will be forever thankful.

Logbook Loans – How Do They Work?

You may be thinking about taking out a loan because of a financial crisis.  You are not alone right now, the world is in trouble, the economy is bad and many people are thinking of financial loans.  You need to do some research on Logbook Loans so that you have a broad understanding of what it means to take out a loan and the repercussions that are possible.

When you take out a loan it is super important that you think about the future.  Sure you are in debt now but you do not want to be in debt forever.  You need to sort out your financial crisis as quickly as you can and then be able to move forward, debt free.

It is crucial that you turn to the right loaning company for help and that you are fully aware of what you re doing.  Finances are the most important thing in your life and you need to deal with any loan correctly.  You need to do homework on the company, have full transparency and know what you are signing up for.

You also want the transaction to be seamless.  We have all gone through the frustration of bank bureaucracy where the paperwork is endless, the time spent is exhausting and at the end of the day you still don’t quite know what you’re doing.

Have a look at http://www.logbook-loans.net/, who turn loaning into a simple and easy process.  It is all about using your motor vehicle as security which means the only thing you need is a motor vehicle.   That is the first step.  Do you have a car? Yes. Then, go to the homepage of Logbook Loans and read about how you can turn your car into money, while keeping your car at the same time.  Logbook Loans have made the process incredibly simple and going through their site is self explanatory.

Logbook Loans work with the largest Logbook Lenders in the UK.  They will do the ground work for you and find the Lender that is best suited to monetising your car.  Logbook Lenders will find you the best loan and the loan at the best competitive rates.   You get money and you continue driving your motor vehicle.

The most important thing, apart from having a motor vehicle, is that the motor vehicle is yours.  You need to be able to prove that you are the registered owner of the vehicle and as such, have the correct paperwork.  You must be a citizen of the UK and over the age of eighteen.  Your vehicle must have been insured and taxed and you need to have the valid MOT certificate.  If you purchased your vehicle in the legitimate way, you will get a legitimate loan from Logbook Loans without any hassle.

Once you have provided the paperwork and shown that you have no money owing on the vehicle, or just a small amount of money owing on the vehicle, you will need to provide information on your earnings – a payslip or a bank statement.  If you are a freelancer and worried about how to do this, Logbook Loans will guide you. There are always ways.

That is the most important thing for you to know. Logbook Loans will work with you and guide you every step of the way so that you know  if you qualify for a loan how to apply for it, understand what it means and how you will pay back the money.

Remember, you keep your car at the same time!  It’s a very good deal.