Unfortunately, the path to finding good financial advice can often be confusing and misleading one, there isn’t any route neatly marked out by LED strip lights! Often we as consumers turn to newspaper money sections, online money advice websites, our local bank or even friends and relatives. Unless we have something very specific, and potentially complicated in mind, we are unlikely to employ the services of an Independent Financial Adviser, even though these are the people best qualified to offer advice on pensions and investments.

These same Independent Financial Advisers or IFAs are now concerned that the government seems to muscling in on their act, with the launch of a new Money Advice Service which is being organised by the Financial Services Authority. The body that represents IFAs has said he is unclear what kind of “advice” the new telephone and online service can offer, as legally it cannot give out independent advice on pensions and investments – only regulated IFAs can do that.

The government service claims it will only be offering “money” advice; but what is the difference between “money” advice and “financial” advice? It’s no wonder we consumers often get confused by the array of products and services out there if even the bodies offering us help can’t agree on what help they can provide!

Basically, the Money Advice Service will be able to give you help if you are struggling with debt, wanting to find out which might be the best credit card deal around at the moment or advice about the best bank accounts for your financial situation. For anything more complex, like pensions or investments, you should stick with the professionals.

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Investing in certain activities, such as international debt, shaky commodities and so on, has become quite insecure given the current international situation on the global markets. However, specialists point out that investments in gold are currently the most profitable and expected to remain a strong and influential factor in investment stability. This is the reason why if having spare money to invest, a person is most strongly advised to approach a financial adviser to initiate a gold investment.

Even oil trade is not that prosperous – the oil prices decreased influencing even the trade activity of the Red Diesel Aberdeen suppliers. Gold’s prices would continuously increase, however, and would not suffer any dramatic disturbances. This is proved by the global unavailability of gold- extraction of the metal is constantly decreasing and even Canadian and Australian companies, specialists in extracting gold, are indicating that insufficient number of mines would remain operative in the next 5 years. This is why the prices of gold is increasing and is estimated to continue its rise in the upcoming quarter of the year.

When investing in gold, a person does not really buy the gold but the obligations and the documents over it – basically you buy its monetary value rather than the metal itself. This is why you can simply open an investment account with a financial service provider and enjoy the income from the gold investment once you have purchased a certain value of the metal. The interest rates vary between 10 and 11%, subject to slight decrease or increase depending on the interest. Nevertheless, such investments guarantee good profit of a clean 3-4% annually which is a considerably strong amount of investment income considering the current market conditions in the world economy.

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A friend of mine recently opted for a service provider who promised to help get my friend’s finances back on track. The terms and conditions seemed favorable and my friend decided to take a risk and trust the service provider.

The advice that he was sent, made a lot of sense but he discovered that the service provider did not use a good quality antivirus software application. My friend discovered a virus in a document that was sent to his mail account. Does the presence or absence of the antivirus software application make any difference?

After all, my friend was interested in financial advice and not in virus protection. Well, he was not searching for protection from viruses per se but the fact that the service provider offering financial relief did not follow such basic business rules was seen as a very negative sign.

How can you trust a financial expert who does not bother to keep his or her computer free of viruses? Especially when the person knows that a lot of private and confidential information shall be stored on the device? My friend immediately canceled the account and insisted on deletion of all private financial data that he had handed over to the service provider. A person who does not have proper computer security has no business participating in the world of finances.

One must make use of such small events and happenings to judge the overall professionalism of the service provider. One should not hesitate to pull the plug before any long term damage occurs when one encounters a flaw.

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Penny stocks are referred to as low-priced stocks that are sold for less than three pounds generally. It is due to their low value why they are deemed speculative instruments. They can be used for scamming people who do not know much about them. Most people tend to be cautious when investing in these kinds of stocks because they are also volatile and as such risky. So the question becomes ‘Is these money in Penny Stocks?’

To answer the question, there is money in penny stocks if you know how to go about it.

The first thing to remember is not to invest in them for the long term. It can be a non-earning investment or a very seldom earning investment which is not good for you.

The best thing to do if you want to earn money from penny stocks is to do everyday trading. Study and analyze the day trading based on volume and buying pressure. A case in point is for you to buy shares at 9:34 am then start selling at around 10:18 am. The day trade of penny stocks offers big percentage gains so it wise to invest in them with this concept in mind. You can make money immediately and that is a good thing for you.

On hindsight, you must do your research as well. Educate yourself more about penny stocks and practice the art of day trading. The technique lies on day trading; buy stocks then sell them within an hour or less. You can easily earn profits this way.

Keep an open mind as well about penny stocks just as you would with say occupational therapy. Many people are not aware about some good benefits of penny stocks. If more people would keep an open mind about them, study how trading is done, chances are these could be pretty good money earners in the long run.

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