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The Hong Kong and Shanghai Banking Corporation

In 1991, The Hong Kong and Shanghai Banking Corporation, based in London, established a new group holding company. They called this new foundation: HSBC Holdings plc. Today, this multinational banking and financial services company with total assets of US$ 2.67 trillion, is ranked number 4 in the “world’s largest banks by total assets”. This Bank’s first branch was made in 1865, in Hong Kong, Shanghai. This is where HSBC initials come from:  Hongkong and Shanghai Banking Corporation.

Locations

Hongkong and Shanghai Banking Corporation has about 6,000 offices divided into 71 countries. These countries are located in North America, Asia, Oceania, Africa, Europe, and South America. Furthermore, HSBC has over 60 million costumers which made it 2014’s world’s sixth largest public company.

Services

HSBC’s services are divided into 9 categories:

First, Consumer banking. HSBC gives its services by a bank to individual costumers rather than companies and groups.

Second, Corporate banking. A commercial bank that has to do with loans and deposits.

Third service, Investment banking. It helps people and governments raise their financial Capital.

In addition, Mortgage Loans services. They provide people with money to buy property by making some legal securities that allow them to put hands on one of your already owned properties.

Furthermore, the Private Banking services. Assistance given to people with a high net worth.

Next, we have the Wealth Management services. They help you and advise you on how to manage your wealth, taxes, and all the other legal papers.

Moreover, HSBC offers the Credit Cards services. HSBC gives you a card that allows you to pay for goods by promising that you will pay them back.

Finally, Finance and Insurance services. An economic service given by the finance industry which covers a big number of businesses that manage money.

Ill fame

Recently, HSBC has been known for being famous for the wrong reasons, such as, laundering money for Mexican cartels.

 

Advantages of a savings account

Carmencitta Magazine - savings account

A savings account is something that gives you interests by putting your money in a bank or in a financial institution. Moreover, banks may only let you take out a certain amount each month from your account. However, a savings account can be very beneficial in the future, and may give you the ability to save money without even noticing. Advantages of a savings account will be provided in the following article.

Protection

Almost all banks and financial institutions have an insurance. This means that whatever may happen in the future, your money will still be there, and you can take it back.

Constant access – keeping the money liquid

Some banking accounts cannot be accessible any time you want. However, the money in a savings account can be accessible by you anytime you desire. This is a good thing because in a case of emergency, you can take all of your money.

You can be an investor

Without you knowing it, opening a savings account makes you a small investor. In fact, savings account can be opened for a small amount of 25$! Whenever you deposit the money, you will start getting a small interest on the amount deposited, which will make you an investor!

Your money is insured

You can be assured that the money you put will be safe and secured. The difference between a savings account and a piggy bank, is that when you keep your money at home, it can be easily stolen and you will not be able to take it back. However, in a bank, once they secure your money, if they get bankrupt, you will still be able to get your money back.

It’s not hard to start

In fact, a savings account is one of the easiest and fastest things you can do in a bank. It takes a small amount of your time and a little bit of paper works.

 

A Guide on How to Buy Shares

Carmencitta magazine - How to Buy Shares

In order to become a trader, you will need to take your time because there are a variety of factors that can affect you. In fact, the most required thing is patience is required, however, the benefits that you will be getting due to your patience are worth it. Moreover, there are some steps that you need to follow in order to become a trader and buy shares. Keep on reading if you want to find out what the steps are.

Know the basics

Carmencitta magazine - How to Buy Shares 1

Basics are very important, because without them, you won’t be able to do anything. Before starting anything, you need to acquire a certain basic knowledge about shares and the stock market. In fact, if you start without this basic knowledge, you will reach a place where it is impossible to know what you’re doing.

Carmencitta magazine - How to Buy Shares 2Open a practice account

Opening a practice account will help you understand the concept of buying and selling shares in the stock market. In fact, this account will help you experiment with strategies without even losing any of your money! Moreover, by having a practice account, you will get used to technical analysis.

Carmencitta magazine - How to Buy Shares 3Subscribe to a news site

When you subscribe to a news site, you will receive news before, after, and during a market day. In fact, knowing the news, will help you understand what economic factors influence the direction of the stock market. Moreover, the most important part is the morning report, because it is able to predict whether the market will start up or down, which will enable you to make better trading decisions.

Carmencitta magazine - How to Buy Shares 3jpgEducate yourself

In fact, this is the most important step. When you pay for a course, you will have a huge commitment to becoming a trader, a commitment that you need to take if you’re serious about making substantial money from the stock market.

 

Tips on How to invest

An investment is when you buy an asset or an item and having the hope that the thing bought will generate money and income or will have a greater value in the future. In another words, economically, an investment is when you purchase goods that will not be consumed the moment you buy them, but will used in the future in order to create wealth. Keep on reading so we can give you some tips and tricks on how to smartly invest today.

You have to Know Why you are investing

 There are too many reasons why investors today do what they do; they can be investing for capital protection, returns, risk diversification, capital appreciation, pure safety, or hedging.

Stay away from DIY Investing

In fact, you have to be alert when it comes to investing. The act requires you to be alert about the state of your investments and needs active participation from your side; a thing that not many people can achieve.

                                                                                                   

Not Actually Investing

Investing is when you buy something for a long-term revenue. Do not expect that you will get returns in the short term. This mistake most people do, and end up trading in the short term. This is when investment is lost, and it turns to trading and speculating.

Tips about stock

Do not take any tips from someone who is not in the place of giving you advice. However, make sure that you don’t invest without doing your own research.

 Ask the Right Questions

These questions are too important. Why should you invest in the stock? Is it the right thing to invest? Do you know enough about the company that you are investing in? These questions are forgotten when some people invest for the first time.

Sometimes, things look cheap, but they are not

Judge the true value of a stock by how much it will get you in return.

Top investment ideas

Investing Beginner

Are you an investing beginner? Do you want to learn how to start investing and how to make money?  For many beginners the thought of parting with your money is quite hard; and even scary at times.

First of all you need to know that you don’t need to invest in many investments to achieve success. Here you are some of the top investment ideas. So, you only have to pick one or two of them.

Real Estate

Real estate is serious business. Furthermore, if you are looking for well-protected investments, then you should invest in real estate. People are always in need of houses and buildings, such as luxury mansions, average duplexes, small flats, office buildings, and warehouses. They look to either buy or rent buildings and structures, and they sometimes need to consult real estate experts. This explains why the real estate industry abounds with business opportunities.

Gold

Unlike most of the other investment options, gold’s value is continually on the rise as the dollar keeps depreciating in value. In other words, investing your money in gold form of jewelry or in bars is a successful idea.

Stock Market

Investing your money in the stock market is a bit of excitement. Moreover, it is somehow risky. While earning money is so easy and fast, losing money is also fast. Just you need to know that you do not lose too much money if your stock picked well.

Forex

On of the top investment ideas, Though very risky especially for the less experienced, trading foreign exchange on the currency market can be an interesting activity as well as great source of investment income.

Mutual Funds

It is a simple way to invest. All what you have to do is to choose a particular type of fund. Then direct them to your fund manager and he will do the rest.

 

Starting a company? How to deal with banks

Carmencitta Magazine - Starting a new company - 1

 

Whenever you ask about banking and bankers, all you will hear about is some negative answers telling you not to deal with this bank nor to deal with that bank. In fact, nobody ever looks forward to dealing with banks, even though we all have to, at some point of our lives. In fact, if you get to know the right way to deal with a bank, you can totally be fine! Moreover, if you want to grow that little company of yours, you will need some money, especially if you are low on capital. Here are some tips that we have gathered for you on how to deal with banks.

Grow a relationship with a bank

Carmencitta-Magazine-Starting-a-new-company-2If you are planning to be in business, you will eventually need a relationship with a bank. Even if you are busy and focused on other things, but when times come and you will need a letter of credit, a credit, a bank draft, or any silly paper, you are going to wish that you grew a relationship with a banker that you can call. Moreover, choose a local bank to make it easier for you when preparing the paper works.

Think before you borrow money

Carmencitta-Magazine-Starting-a-new-company-3

The main reason why you are borrowing money is so you can support your company while waiting for good customers to pay up. You will feel relieved when you think that in a month or two you will get the money back from a customer you are sure will pay. However, do not rush, this is a risky thing, and you need to think before you jump in.

All banks are not the same

Do not fall in the trap of thinking that larger banks are better that smaller ones. In fact, the government gives all of them the same rules as well as the same supervising. Choose the one that you think fits most with your needs.

 

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