Wednesday, September 23

Finance and Business

Certificate of Deposit Advantages and Disadvantages
Finance and Business

Certificate of Deposit Advantages and Disadvantages

A Certificate of Deposit or a CD is a savings certificate that entitles the bearer of the same to receive interest. The certificate bears a maturity date, has a fixed rate of interest, and is issued in any denomination. The CDs are generally issued by commercial banks and the tenure ranges from three months to five years. In case, you have some extra money you can invest the same in CD even for a relatively short period of time. CDs are safe investments that are generally suitable for cash amounts that you do not need for long periods. The returns on CDs are guaranteed, which means you are assured of getting your full invested amount in addition to the interest amount that the bank will pay you for your investment. Know More - Advantages and Disadvantages of using Debit Cards Advan...
Advantages of Social Media for Business
Finance and Business

Advantages of Social Media for Business

The internet is an ever-present entity in each and every one of our lives. It has helped bridge the gap between people and connected them to each other. Social media is one of the tools of the internet that connects people to each other. And social media for business is a concept that has gained popularity with a shift from traditional advertising strategies. Social media is the collective use of websites and computer applications that allow people to communicate and share information on the internet. This is done via different electronic devices like computers, smartphones, tablets, laptops, etc. It is a wonderful platform for applying marketing strategies for a business. Hence, this social media marketing (SMM) is becoming very popular these days. In other words, it is nothing but the...
Mutual Fund Advantages and Disadvantages
Finance and Business

Mutual Fund Advantages and Disadvantages

A mutual fund is a type of investment where there are a number of investors who invest money to a common pool. The money is then used to purchase securities. Every investor has shares of the fund which can be sold whenever they want. The investments of the fund are supervised by professionals in the field. Mutual funds have become an important element in retirement planning. It is an ideal way of saving or making money and is better than an individual investment. It has many advantages and disadvantages, some of which are given below. Advantages of Mutual Funds Spreading the investment Mutual funds help you spread your investment in different places. By doing so, it can be assured that you will not be at a complete loss at any point of time. Not all the stocks will come down at the ...
Debit Card Advantages and Disadvantages
Finance and Business

Debit Card Advantages and Disadvantages

Debit cards are the most convenient way of spending your money instead of carrying cash all around and then worrying about losing the same. Debit card is plastic money as it is quite often referred to as and is similar to a credit card but is linked to your bank account. When you make any purchase, you are supposed to swipe your card and the money is directly debited from your bank account. Though it is similar to credit card, but in this case, unlike a credit card, you cannot spend more than you have in your account and thus you do not increase your credit score. It functions in two ways. Firstly, like an ATM card that allows instant withdrawal of money. Secondly, like a check where the money used for buying any item is deducted from your account in a day or two whenever your retailer ...
10 Quick Advantages and Disadvantages of Credit Cards
Finance and Business

10 Quick Advantages and Disadvantages of Credit Cards

A credit card is something that allows you to use cash in advance to pay for goods or services. It is a plastic card which the user can issue from a bank. It helps you buy things on credit and you are liable to pay the amount later. A credit card comes with a credit limit, which is the total cash available to you, and an interest rate. Each time you make a payment, the amount gets deducted from the card. Given below are some of the advantages and disadvantages of credit cards. Credit cards have lots of benefits and few drawbacks as well. So let us now look into them. Advantages of Credit Cards:- The major advantages are listed here, Keep track of expenses Credit card statements are available on a monthly basis. It shows how much you have spent during the month. This helps keep a che...
Limited Company Advantages and Disadvantages
Finance and Business

Limited Company Advantages and Disadvantages

An organization in which the liability of the members is limited to the sum they have invested is called a limited company. Its finances are owned by itself, not by the members. The company’s profits are also in its name which can then be shared. These companies could be limited by guarantee or shares. Companies limited by share are of two types – public companies and private companies. While anybody can buy shares of a public company, who can be the members of a private company is defined by the law. Limited companies are common in many countries. Though it is termed as limited company everywhere, their rules vary from country to country. Each company has a unique name of its own. If the suffix Ltd or Limited is given to the company name, then it is a private limited company. In normal...
Advantages and Disadvantages of Mobile Advertising
Finance and Business

Advantages and Disadvantages of Mobile Advertising

Mobile Advertising, as the words suggest, is the type of advertising with mobile devices like mobile phones as a medium. An increase in the number of users has made the advertisers to focus more on mobile phones rather than on TV or PC. The shift of online activities from laptops to more convenient handheld mobile devices is a boost to mobile advertisements or ads. Even though it has a growing global market, it has its own pros and cons. Let’s see some of them. What is Mobile Advertising? Mobile advertising is the type of advertisement via mobile phones. It is a subset of mobile marketing. These ads take various forms like through targeted cold calls, SMS texts, ads embedded in mobile applications (apps). Popular social media websites like Facebook, Instagram, Twitter, etc are free for u...
Advantages and Disadvantages of using Debit Cards
Finance and Business

Advantages and Disadvantages of using Debit Cards

The banks gives the customers many facilities for accessing their money worldwide without going to the bank. And debit card usage is one of them. Debit cards have become more popular since, it saves lots of time and easy usage. It functions in two ways. One it can be used in the ATM for getting out the money from the bank. Second, it is used as a check while buying any items in the shop. People prefer debit cards more than credit cards and other bank facilities. Even though the concept of using debit card is hit, still it is associated with drawbacks. So, here are some Advantages and Disadvantages of Debit Cards for you to keep in mind.   What are the Advantages of Debit Cards? Easy to apply: The debit cards can be easily got in the bank. The user should have an acc...