Category Archives: Personal Finance

A Few Top Tips That Will Help When You’re Playing Online Slots

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Slots are the most popular game at pretty much every online casino you can find, with plenty of great and varied titles giving you the chance to have some fun at your favorite gambling sites.

But while fun is the key to a good slots session, the object of these games is to win some cash and it’s not as much fun if you fail to achieve this objective.

I’ve given you three top tips that will help you to have more fun when you’re playing online slots. All you have to do is read them, understand them, and then put them into practice.

Play games for real money

What am I saying when I talk about playing real money games? It’s simple – you play games that win you cash, not casino credit or a pat on the back from yourself.

One of the main reasons to play slots for real money is that it puts some cash in your back pocket. However, perhaps the most powerful justification for doing this is that it’s a more competitive way of gambling, as you’ll take more care over your bets.

I recommend that you look for the best real money slot sites. If you read this full report then you’ll find the top ones, those that have the most games, best titles, and finest offers. You can then pick the games you like and test your skills by wagering your own cash on them.

Look out for free spins offers

Free spins give some free plays to use on great online slots games, allowing you to try them out without spending your own money.

The great thing about free spins offers is that they let you practice without wagering your own cash, but still give you a chance to win cash. This is ideal for new gamblers, as it gives you the opportunity to decide if a slots game is right for you before settling down for a long session.

A key thing to remember with free spins offers is that they come with wagering requirements. They work like this: if the offer is for 100 free spins and it has a wagering requirement of 10x then you need to bet 1,000 spins before you can withdraw your winnings.

Be aware of slot game payouts

Slot game payouts are your chances of winning when you’re playing a slots game and they’re represented as RTP (return to player).

It’s super important to know what the RTP is for a game because it tells you if it’s worth you spending your money on a game. This helps you to separate the slots are a good investment of your time from those that are a bit of fun, but not necessarily the wisest use of your cash.

RTP is shown as a percentage and I’ll explain its value using the example of a slot with a 99% payout. £99 of every £100 wagered on this game is returned to players over time. Now, you may get back more than £99 or you may receive less (slots are about chance). However, this is a good base level for understanding your chances of winning at the game.

Recommended reading: How To Beat The Odds At The Casino

Playing games for real money, looking for free spins offers, and being aware of payouts are the three key tips to keep in mind when playing online slots.

They will help you to make good use of your cash by betting on games you have a chance to win some real money and get value from your bets.

But they aren’t the only top tips I have for you. You should also remember that slot games are all about chance and that you can practice by playing free titles.

Put all these tips into practice and you’ll have plenty of fun playing slots and may just win more than you wager on your betting sessions.

How Is the Loan-to-Value Ratio Determined for Hard Money Loans?

Hard money loans can be a great option for homebuyers and real estate investors looking for a type of loan that is easier to qualify for than a conventional mortgage. This can be an exciting opportunity for many people. However, before your search for “hard money mortgage lenders near me,” you may want to understand loan-to-value ratio. This can have a big impact on your borrowing decision.

What Is Loan-to-Value Ratio?

Loan-to-value ratio is a simple concept. Most lenders want borrowers to have some “skin in the game” when borrowing against assets. So, you need to make a down payment. The ratio between the loaned amount and the value of the asset is the LTV ratio. For example, if you are borrowing to buy a house, you may have an LTV of 80% and a down payment of 20%.

In a sense, LTV ratio works the same no matter who you are borrowing from. It is almost always expressed as a percentage of the value of the property in question. However, setting a value for that property (and deciding which property the loan is borrowed against) can vary.

How Does LTV Work for Conventional Mortgages?

For a conventional mortgage, the rules are set by government regulations. Therefore, all conventional lenders have almost exactly the same setup. They must base their LTV on the lesser of the purchase price or appraised value. So, if you buy a home that is valued at $250,000 for $200,000 and have an 80% LTV, you would be able to borrow up to $160,000 (80% of the lesser value).

Although at first glance, conventional lenders appear to offer higher LTV ratios, the practical outcome may be different. This is because the ratio works differently for private money lenders for real estate.

How Do Hard Money Loans Differ?

Private and hard money lenders can choose what value they will base their LTV ratios on. This can have a huge impact on the amount you are able to borrow.

This is very relevant in the case of a fix-and-flip property, for example. You may only buy it for $100,000 but it could be worth $200,000 once you have fixed it up. The conventional mortgage lender may be able to offer you 80% on the $100,000 purchase price. However, a private money lender could offer you 70% on the $200,000 after-renovation value. You would get more with the lower LTV because of the number it is based on.

The value that the LTV ratio is based on varies depending on the type of loan. However, it is important to talk with your lender to understand which number you are borrowing against. In many cases, you can borrow more from hard money lenders than you would be able to through a bank.

Learn More

Interested in hard money loans? Get in touch with one of the hard money lenders California residents turn to when they need money for their real estate purchases. When you learn the specifics of loan options for your project, you will be better prepared to make a well-informed decision.

Effective Forex Risk-Management Techniques That Actually Work

Everyone has heard one of the rags-to-riches stories that come out of the notorious gamble of Forex Trading, but most people that tread this dangerous path of wealth-generation do not succeed, because they cannot guide through the magnitude of risk that comes their way. Risk is an essential part of Forex Trading, and managing it requires diligence and the right strategies.

Forex Risk Management is a debated topic, one which is riled with propaganda that hurts traders more than it helps them steer their way to success. What makes Risk so elusive is the fact that traders desire conflicting things- simultaneously they want to reduce their losses, and earn themselves huge profits out of each trade, which is disingenuous.

Every trader, looking to make a sizeable profit, will have to negotiate with risk. The volatility that occupies Forex Trading is a double-edged sword- there can both be winners and losers out of a trend. The fundamental reason why most traders cannot be successful is not their naivety and inexperience, rather their inability to efficiently manage risk.

Managing Risk, in Forex Trading an unavoidable factor to achieve success, both for newbies and seasoned traders alike. Here are the best strategies you can adopt to minimize the effects of risk.

Educate Yourself Every Day

People who have the drive to learn every day are likely to achieve success and avert risk. This is because earning profits out of trading does not depend on an arbitrary selection of transactions, rather it is a nuanced opportunity that is based on a tonne of information, analytics, data trends, and market assessment.

Most risk is derived out of un-informed decision making. People that do not spend time on learning market trends are likely to cave in to this speculation and hurt themselves financially.

Deploy Copy Trading

Recently, this strategy has gained a lot of traction. Simply put, Copy Trading is a technique by which traders in active markets copy the trades carried out by a seasoned, or successful trader. This is analogous to having a forex mentor in real life, one that shields you against risk, with their experience of failing and learning.

This strategy is helpful as you can follow top currency traders and copy their buy/sell orders, to make a sense out of the market’s current trends. Given the fact that forex trading is extremely intimidating and volatile, Copy trading acts as a safety net for relatively inexperienced forex traders and gives them established patterns to mimic, in order to orient themselves with the market’s dynamism.

Always Have Realistic Expectations When Trading

The majority narrative that goes around Forex Trading is that it can make you a millionaire overnight, but that’s just hyperbole. The reason most traders cannot get into the hall of fame of trading is that they have inflated expectations, and this leads them to make aggressive trades, thinking that they will earn quickly.

Setting achievable goals and trading steadily does not only guarantee a sustained output but also prevents reckless trading, that exhausts you of your savings in no time. Staying realistic also protects you from the excesses of greed. It is necessary to exit the market when you know you have made a bad decision, and this humility is a consequence of staying realistic.

Expand Your Investment Portfolio

As the famous quote says, do not put all your eggs in the same basket. Forex trading is no exception to this golden risk-management rule. When you have a diverse investment portfolio, it is highly likely that you shield yourself from potential losses, while at the same time gain profits on the rising trend.

This compensation can come when forex traders trade in multiple currency pairs. If the EUR/USD pair is trading recklessly and emptying your pockets, you can close this trade and pay heed to a more profitable one, say the GBP/USD pair. Multiple investments act as a potent risk-management technique.

Risk Is Inevitable

In the realm of forex trading, the risk is inevitable. The uncertainty of trading makes it lucrative, and notorious. If you are looking to succeed in a daunting world of cut-throat competition and unexpected market trends, the best bet you have is to learn risk-management.