Online Casinos Vs Land Casinos

Online casino games are brilliant invention that completely transformed the field of gambling. They enable people to gamble with less commitment of time, money and inconvenience than before. Comparing online casino with land casino is like comparing apples and oranges, each appeal to different aspects of a player’s game. Let’s take a look at the advantages and disadvantages of online casino games as compared to the land-based casino.

The Surroundings: there is great fun and excitement playing casino games at the actual casino, but when it comes down to what important to the casinos – gambling the casino atmosphere is trying to dissolve and distract you… from your money. In land casino you are competing not only against the dealers and other players but also the casino crowd that watch your every move. One more disadvantages start with the trip to the casino. Depending on where you live, you might have to drive for several hours, or fly, just to get there., on the other hand, When you choose an online casino, you remain in control. An online casino can’t outdo you in the comfort of your own home. You don’t have to travel; you don’t even have to get dressed. There is something liberating and thrilling about knowing that any casino game that you could possibly want to play is available at your fingertips.

Money!! In land casino you buy chips with real money; in an online casino you will create a casino account and transfer funds into it. The fundamental difference however that in an online casino you know how much money you have at all times. The chips are only used for bets and the entire thing isn’t as puzzling as it would be in a land casino.
The most important thing is that online casino will let you play free, in a land-based casino you can’t enter and play practice games before you start betting any real money, but at online casino. No problem! Play as many free games as you want. Try new games that you are not sure about. Practice your game strategy. Play until you feel comfortable with the game and confident that you understand all the rules and secure with your strategy. In an online casino, you can play all the games for free, for as long as you want. Then, you can gamble real money only when you decide that you want to.

Are the games really different? In roulette, for example, there is a difference in the experience of clicking the Spin button in an online roulette game and the experience of watching the croupier spin a real roulette ball around a real roulette wheel. But beside that different, the game is the same. When you play roulette online, you play with a Random Number Generator that is programmed so that, over the long run, each roulette number will hit 1 out of 38 times, just like on a real roulette wheel. So the differences between them are really a matter of preference and taste more than any significant differences in the game play itself.

In slot machines, the similarities are even more striking. In the land-based casinos the slots are not mechanical “one-armed bandits” anymore. The computerized slot machines you would play in a land casino are exactly the same as the computerized slot machines you would play in an online casino. The only difference is that when you play slots online you are playing from the comfort of your own home, and you can get up and take break without losing your place at your favorite slot machine.

Security and privacy: there is no dress code in an online casino, an online casino will not try to film or picture you. You can play games in an online casino while wearing boxers and flip-flops. And you can do it with beer in your hand, a cigarette or whatever is it that you prefer. Play as much as you want and win as much as you want. Nobody is going to kick you out you can have full trust on online casino.

No one has the option to cheat you with the game. Online casinos have the latest state of the art encryption technologies to protect the players’ privacy. With the upcoming techniques and security proofed software you can have full trust on online casino. When entering an online casino, you should read their privacy statement! The security technologies that online casinos employ are designed to protect the player because he is the most valuable asset of online casinos.

Competition! Running a land casino is much more expensive than an online casino. That means there are more online casinos and more online casinos means competition between the Internet casino houses. This competition means better service and more fun for you. Choice means you can stick to what you like, find an online casino that offers the best as it suits you – the player – and if you didn’t like the experience, just dump them and Try another online casino.

How A Personal Microloan Can Help Your Business

People utilize personal loans for a number of reasons, such as consolidating debts, paying for a medical debt or for costly auto repairs.

But there is something else the average consumer needs to know: a personal loan can be used for your small business.

Despite the label, a personal loan could just be what is needed to maintain your business. The personal microloan can be used for certain expenses such as:

• Inventory
• Equipment (things like printers, tools, copiers, manufacturing equipment, cubicles, etc.)
• Office space (either to purchase or rent)
• Marketing and advertising (digital, promotions, print, etc.)

For any type of business expense, if your business does not have the extra capital but needs cash to grow, then a personal microloan is a feasible option.

Small Business Loan vs. Personal Loan

Most small businesses that require necessary funds in order to grow their business typically search for a small business loan. This makes sense as a small business loan is generally beneficial to the small business owner.

In certain situations, the small business loan assists the business owner to purchase large ticket items, such equipment, inventory, or raw materials. However, just because the small business loan is the industry standard, it does not always make it the correct solution.

The biggest problem with a small business loan is the stringent requirements. Not only does this hold true with the eligibility requirements, but it also comes into play during the application process. Here are some of the biggest challenges:

• Lengthy application process that can eat up hours of valuable time
• Documentation requirements, such as providing a business plan, tax returns, references, and financial data
• It can take a long time to receive the funds (even after you get an approval), as the entire process can take up to 90 days
• There are as many as seven different types of small business loans… choosing the right one for you could take some time

Although it’s common to initially assume that a small business loan is the best choice, you may find that these requirements are difficult to meet or will take longer than you want to get your business moving.

Is a Personal Loan Application Process Any Better?

The short answer is that an application and decision regarding that application can be made by the company offering the personal loan within one day.

With a personal loan, you don’t have to jump through nearly as many hoops. Instead, its’ much easier to acquire a loan in a timely manner (and without the hassles mentioned above).

Some of the primary benefits of a personal loan for business use – especially compared to a small business loan – include:

• Simplified application process that can be started online or over the phone within a matter of minutes
• Fewer documentation requirements
• Same day decision (not always but most of the time)
• Fewer complications, with the main decisions being the repayment schedule and amount to borrow

The simplicity and convenience alone is reason enough to learn more about using a personal loan for your business.

Making a Final Decision

Now that you understand that a personal loan can be utilized for your business, you need to decide if this is the right financial solution for your company at the present time.
As you compare this option to a small business loan, ask and answer the following questions:
• How do you plan on using the funds?
• Do you need the money in the immediate future, or can you afford to wait?
• How much money do you need to borrow at the present time?
• Have you collected all the information you need for the application?
• Which type of loan is most affordable over the long run?

By answering these questions, while also consulting with a lender for each type of loan, you’ll find yourself in a position to make an informed and confident decision.

Perks of Getting Personal Loans Online

Personal loans are the prime way to get some immediate money at hand. There are many lending institutions and financiers who will provide with immediate financial assistance to genuine and potential loan applicants. These lenders provide such gratifying terms that the borrower is obligated to avail a loan with them. That said, these loans are the most convenient methods to avail a quick loan especially during emergencies. Keeping in mind the urgent needs, most lenders provide personal loans online options too so that it is more convenient for the borrower.

Personal Loans Online Options:

Most of the finance lenders provide simple online tools on their websites for availing a personal loan. You may use these online options either to apply for a loan or for exploring the details for getting a much-needed loan. These online options on the lender’s website can be used to check and compare the interest rates, loan processing fees, and other charges which the lenders might charge you for availing a loan with them. A borrower can avail either an installment loan or an instant payday loans via online application process, although most of the times it is an instant payday loans for short-term purposes.

Here are a few benefits which a borrower can seek while getting an online loan -

1. It is convenient -

Imagine a sequence in which you are filing an online loan application while sitting on your cozy bedside and then, another scene, where you are running out in the hot sun and waiting outside the lender’s room to file a loan application. Which do you think is more convenient? Undoubtedly the online option!

2. Save A Few Pennies -

Most P2P submitted loan applications are levied with other additional fees which may increase the repayment amount or the EMIs, depending on the loan type you are availing. However, with an online application, you will not have these additional fees which will help you save your cost.

3. EMI and Other Calculators -

There will be options for checking and calculating the interest rates and the respective EMIs or the loan repayment amounts. The digital calculation tool will solve your doubts regarding the complex calculations for the EMI amount with the interest rates, etc.

4. Information Accessibility -

All the information required to know about a loan process and other related details will be displayed on the website by the creditors. There will be all the data and cue related to the APR, the eligibility criteria, the repayment options, processing fees and other additional fees if charged, documents needed, and other small detail regarding the loans will be provided on the online portal.

5. Least Possible Documentation -

Unlike the banks, personal loans do not need any elaborate verification and paperwork to be done. These lenders do not consider the credit scores and will provide loans for bad credit without any collateral. The only needed documents will be to prove your age, residency, income, employment, and checking account details.

What Is Fee-Only Financial Planning?

The world of financial advice is divided into 3 main categories. The traditional financial advisor is what most people are familiar with. This is the most common arrangement where a financial advisor works for an institution and sells product. The financial advice is given “free” and is part of the process of selling these products. The second category of advisor is called a fee-based financial advisor. This type of advisor does the same thing as the traditional advisor, but charges a flat percentage fee based on the assets managed rather than by product. The cost can be less but still can add up over time because the fees are based on a percentage of the assets you have. The advice is still part of the service and is “free”. The last option is a fee-only or fee for service financial planner. This type of planner only gives advice and does not sell product. The charge for the advice is a flat dollar amount based on how much time is spent or how complicated the project is.

What Are the Advantages and Disadvantages of Each Type?

Cost

The traditional advisor tends to be the most expensive. The fees are based on the dollar amount of products you buy. As an example, if you invest $100,000 worth of mutual funds and are paying 2% fees, you are paying $2000 per year as long as you own these funds. The 2% figure is an average MER (Management Expense Ratio) based on a mixture of equities and fixed income (stocks and bonds). There may be other fees like sales loads, account fees, trading fees, trailer or referral fees, administrative fees or penalties for switching or redeeming early. To know the real cost, you would have to add up the costs for your situation.

The fee-based financial advisor may have reduced fees since they are charging a flat percentage instead of an MER plus other costs. Reduced fees are somewhere in the range of 1% to 1.5% for an entire account. The catch is that this option is available to people with larger amounts of assets since the fees charged have to be substantial enough to make it profitable. The minimum asset threshold usually starts at $500,000 in investible assets (assets in a trading account). If you have $1 million invested, this fee can be as high as $10,000 to $15,000 per year.

The fee-only financial planner charges for a plan or project using a flat dollar fee. This means that you would have a plan done once or periodically every 3 or 5 years, and you would pay somewhere between $1,000 and $5,000 per plan.

Note: don’t fixate too much on the names or titles of the person you are dealing with – i.e. financial planner versus financial advisor. These names or titles are used interchangeably in Canada and do not specify a given service or accreditation. There are also additional names like financial consultant, investment advisor, portfolio manager and so on. The key to know what you are dealing with is to ask “what are the fees in dollars?” and have this explained to you. Judging from what you hear, you will know what type of fee structure that is being presented.

Conflict of Interest

The traditional advisor has to serve many masters. There is the client who is paying the bills and must be taken care of. There is the institution and the boss who wants to make the most money possible from client fees. Lastly, there is the regulator / compliance team who ensures that you the advisor is serving the client and not breaking any company, industry or criminal laws. If your company has products that are sub-par, you the advisor are now conflicted. You can sell the client a mediocre product and make your boss happy, or tell the client to go to a competitor and get a better deal which will make the customer happy. Unless you are a very experienced advisor with a substantial book of business or you don’t need the job, it is very difficult to make everyone happy.

The fee-based financial advisor has a similar dilemma if serving the client means that assets should be taken elsewhere. There is also the advice of paying down debt, purchasing real estate, using money to buy a business, starting an art collection, taking money overseas, buying physical metals and so on which are not products sold by the institution and therefore would not generate any fees.

The fee-only planner does not have these conflicts because there is only one master – the client. There are no products and no assets – only the legal system and the ethics body of the association that the advisor belongs to.

Array of Services

In this area, the traditional advisor has the advantage. If you are in a situation that requires a will, an accountant, an estate trustee, a mortgage broker, or insurance products, the traditional financial advisor works for an institution that can provide these services. The administrative aspect of this is also handled for you: Opening accounts, trading, rebalancing the portfolio, automated deposits and withdrawals or filling out forms.

A fee-based financial planner may be able to provide these extra services, but it will depend on the size of the firm. The smaller “boutique” firms may specialize in portfolio management or investments and you may still have to recruit a network of professionals if you have a more complex situation.

The same situation applies for a fee-only or fee for service financial planner. People who do fee-for-service planning tend to be individuals or small companies without the resources to provide a network of professionals.

Minimum Asset Level

If you are selling products or managing assets, the fees that pay for the whole process including the financial planning are a percentage of the amount of money being used to purchase products or assets. If the amount of money being invested is $100,000 at 2% fees, you would be paying $2000 per year. The products would likely come from a preset list. A “know your client” (KYC) survey would be filled out and products are selected rather than having a comprehensive plan done. Asset minimums for a financial plan typically start at $500,000 in product purchases or assets, but some firms may provide a plan with a smaller asset amount. In the age of robo-planning, a plan can be created using software for under $1,000, but it may not cover all of the scenarios since software is not complete versus talking to a human being.

In the fee-only financial planner case, there is no need for asset minimums because the revenue is not tied to product sales. The revenue generated is tied to time spent and work performed, and whether there is a $1000 trade or a $100 million trade in buying a product, the amount of work in creating a plan and allocating the assets will be the same.

Which type of advisor is right for you? It will depend on what you have, what you need, how much of the work you are doing yourself, and how much knowledge and comfort you have about finances.