There's nothing scarier than a crashing stock market to make you second-guess whether you've done enough personal financial planning to make it through what could be tough times ahead. But by keeping a few simple tips in mind, you can ensure that no matter what happens in the markets in the days and weeks to come, you'll be comfortable that your financial plan will ultimately bring you success in reaching the goals you've set for yourself.
Theory vs. reality
It's all well and good during a bull market to think hypothetically about what you'd do if the stock market dropped dramatically. In fact, many investors explicitly wanted a correction like the one we've seen over the past month or so, hoping that a pullback would let them buy once-soaring stocks at somewhat cheaper prices.
Yet,�when the correction actually comes, it can be a lot harder to follow through on the plans you made during calmer times. In the past two days, the Dow has fallen more than 550 points, with today's 354-point drop marking the worst day for the market since November 2011. Suddenly, the explanations for why stocks are dropping seem like they could continue to drag the market far lower, making stock purchases seem premature.
Top 10 Financial Companies To Own For 2014: Sunshine Holdings Limited (Y34.SI)
China Mining International Limited, an investment holding company, engages in the investment, development, and management of commercial and residential properties primarily in the People�s Republic of China. It holds properties for rental and related income; engages in the sub-leasing and management of commercial developments, service apartments, and SOHO offices; and provides hotel and property management services, as well as maintenance and related services. The company was formerly known as Sunshine Holdings Limited and changed its name to China Mining International Limited in March 2012. China Mining International Limited was founded in 1999 and is based in Zhengzhou, the People�s Republic of China.
Top 10 Financial Companies To Own For 2014: Blackrock Preferred (BTZ)
BlackRock Credit Allocation Income Trust IV is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co managed by BlackRock Advisors, LLC, BlackRock Financial Management, Inc., and BlackRock Investment Management, LLC. It invests in the public equity and fixed income markets across the globe. The fund invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio, it primarily invests in securities with an average credit quality of BBB by Standard & Poor�s Corporation. The fund was formerly known as BlackRock Preferred & Equity Advantage Trust. BlackRock Preferred & Equity Advantage Trust was formed on December 27, 2006 and is domiciled in the United States.
Best Medical Companies For 2014: Avenue Income Credit Strategies Fund (ACP)
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Advisors' Opinion:- [By Rich Duprey]
Maintaining its $0.12 per share�monthly dividend payout, closed-end management investment company�Avenue Income Credit Strategies Fund� (NYSE: ACP ) �said yesterday it�will make the payout�on May 31 to the holders of record at the close of business on May 15. The stock will trade ex-dividend May 13.�
Top 10 Financial Companies To Own For 2014: TICC Capital Corp.(TICC)
TICC Capital Corp., a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock. The firm primarily invests in debt and/or equity securities of technology-related companies that operate in the computer software, Internet, information technology infrastructure and services, media, telecommunications and telecommunications equipment, semiconductors, hardware, technology-enabled services, semiconductor capital equipment, medical device technology, diversified technology, and networking systems sectors. It concentrates its investments in companies having annual revenues of less than $200 million and a market capitalization or enterprise value of less than $300 million. The firm invests between $5 million and $30 million per transaction. It seeks to exit its investments within 7 years. It serves as the investment adviser to TICC. The company was formerly known as Technology Investment Capital Corp. and changed its name to TICC Capital Corp. in December 2007. TICC Capital Corp. was founded in 2003 and is headquartered in Greenwich, Connecticut.
Advisors' Opinion:- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, closed-end asset manager TICC Capital Corp. (NASDAQ: TICC ) has earned a respected four-star ranking.
Top 10 Financial Companies To Own For 2014: Community Partners Bancorp(CPBC)
Community Partners Bancorp operates as the holding company for Two River Community Bank, a state-chartered commercial bank that provides a range of commercial and retail banking services to small and medium-sized businesses, not-for-profit organizations, professionals, and individuals principally in Monmouth and Union counties, New Jersey. The company offers a range of deposit products, including non-interest bearing or lower cost interest bearing checking accounts, savings accounts, money market accounts, and certificates of deposit accounts. It also provides various loan products consisting of construction loans for residential dwellings, apartment buildings, restaurants, shopping centers, and owner-occupied business properties; commercial business loans; commercial real estate loans for the acquisition of new property or the refinancing of existing property; residential real estate and consumer loans, including residential mortgages, home equity lines of credit, equity loans, personal loans, automobile loans, and overdraft protection; participation loans; and small business administration loans. In addition, the company offers safe deposit boxes, night depositories, wire transfers, money orders, travelers? checks, automated teller machines, direct deposits, telephone and Internet banking services, and corporate business services. It operates 15 banking offices in Middletown, Allaire, Atlantic Highlands, Cliffwood, Manasquan, Navesink, Port Monmouth, Red Bank, Tinton Falls, West Long Branch, Westfield, Cranford, and Fanwood, New Jersey. The company was founded in 2000 and is based in Middletown, New Jersey.
Top 10 Financial Companies To Own For 2014: First Federal of Northern Michigan Bancorp Inc.(FFNM)
First Federal of Northern Michigan Bancorp, Inc. operates as the bank holding company for First Federal of Northern Michigan that provides various banking services to individuals, families, and businesses. Its deposit products include NOW accounts, regular savings, money market deposits, term certificate accounts, and individual retirement accounts. The company?s loan portfolio comprises mortgage loans secured by one-to four-family residential real estate; commercial loans; commercial real estate loans; and consumer loans, including loans secured by savings accounts, new and used automobiles, mobile homes, boats, recreational vehicles, and other personal property. It also engages in the mortgage banking activities that involve the origination and subsequent sale into the secondary mortgage market of one-to four-family residential mortgage loans. Further, the company leases, sells, develops, and maintains real estate properties. It operates eight full-service facilities in Alpena, Cheboygan, Emmett, Iosco, Otsego, Montmorency, and Oscoda Counties, Michigan. The company was founded in 1957 and is based in Alpena, Michigan.
Top 10 Financial Companies To Own For 2014: Cr Artigiano(CRA.MI)
Credito Artigiano S.p.A. engages in the provision of banking and investment services in Italy. It offers loans, savings accounts, insurance, investments, pension funds, and credit card services. The company operates three product lines, including investment and bank insurance that provides savings products, and life and casualty insurance; transfer products; and financing products, such as mortgage, consumer, and business loans, as well as factoring services. It also offers online banking services. The company serves families, professionals, and small businesses. It operates a network of approximately 144 branches in the areas of London, Monza and Brianza, Pavia, Florence, Lawn, Piacenza, Pisa, Pistoia, Lucca, Rome, Lodi, and Cremona. The company, formerly known as Piccolo Credito Artigiano, was founded in 1946 and is headquartered in Milan, Italy. Credito Artigiano S.p.A. is a subsidiary of Credito Valtellinese Soc Coop.
Top 10 Financial Companies To Own For 2014: Lloyds Banking Group PLC (LYG)
Lloyds Banking Group plc, incorporated on October 21, 1985, is a holding company. The Company is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. The Company operates in four segments: Retail, Commercial Banking, Wealth, Asset Finance and International and Insurance. Retail provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking provides banking and related services to business clients, from small businesses to large corporate. Wealth, Asset Finance and International provides private banking and asset management and asset finance in the United Kingdom and overseas and operates the Company�� international retail businesses. Insurance provides long term savings, protection and investment products in the United Kingdom and Europe and provides general insurance to personal customers in the United Kingdom.
Retail
The Retail division operates the retail bank in the United Kingdom and is a provider of current accounts, savings, personal loans, credit cards and mortgages. This includes a range of current accounts including packaged accounts and basic banking accounts. It is also the provider of personal loans in the United Kingdom, as well as being the United Kingdom�� credit card issuer. Retail is the private sector savings provider in the United Kingdom. It is also a general insurance and bancassurance distributor, offering a range of long-term savings, investment and general insurance products.
Commercial Banking
The Commercial Banking division supports the Company�� business clients from small businesses to corporate. Commercial Banking provides support to corporate clients through the provision of core banking products, such as lending, deposits and transaction banking services whilst also offering clients expertise in capital markets (private placements, bonds and syndicated loans), ! financial markets (foreign exchange, interest rate management, money market and credit) and private equity.
Wealth, Asset Finance and International
Wealth, Asset Finance and International consists of the Company�� the United Kingdom and international wealth businesses, the Company�� the United Kingdom and international asset finance and online deposit businesses along with its international retail businesses. The Wealth business consists of private banking and asset management. Wealth�� private banking operations cater to the range of wealth clients from affluent to Ultra High Net Worth within the United Kingdom, Channel Islands and Isle of Man, and internationally. Asset Finance consists of a number of leasing and speciality lending businesses in the United Kingdom, including Lex Autolease and Black Horse Motor and Personal Finance along with its leasing and specialty lending businesses in Australia and its European online deposit business. The international business comprises its non-core banking business outside the United Kingdom, with the exception of corporate business written through the Commercial Banking division. This primarily consists of Ireland, Retail Europe and Asia.
Insurance
The Insurance division provides long-term savings, protection and investment products and general insurance products to customers in the United Kingdom and Europe. The United Kingdom Life, Pensions and Investments business provides long-term savings, protection and investment products distributed through the bancassurance, intermediary and direct channels of the Lloyds TSB, Halifax, Bank of Scotland and Scottish Widows brands. The European Life, Pensions and Investments business distributes products primarily in the German market under the Heidelberger Leben and Clerical Medical brands. The General Insurance business is a distributor of home insurance in the United Kingdom, with products sold through the branch network, direct channels and strategic corporate! partners! . It operates primarily under the Lloyds TSB, Halifax and Bank of Scotland brands.
Advisors' Opinion:- [By Andrew Marder]
The banks facing the first wave of investigation are Barclays (NYSE: BCS ) , Royal Bank of Scotland (NYSE: RBS ) , HSBC (NYSE: HBC ) , and Lloyds Banking Group (NYSE: LYG ) . These companies are going to pay out something, as they've already admitted that rules were broken. The question remains -- how much will it cost?
- [By Mark Rogers]
Today I'm looking at the earnings per share (EPS) forecasts for�Lloyds� (LSE: LLOY ) (NYSE: LYG ) , the troubled FTSE 100 bank. All my figures are courtesy of S&P Capital IQ.
Top 10 Financial Companies To Own For 2014: Ohio Legacy Corporation(OLCB)
Ohio Legacy Corp. operates as a bank holding company for Premier Bank & Trust, National Association that provides retail and commercial banking services to its customers located in Stark, Wayne, and Belmont Counties in Ohio. The company offers a range of deposit products, including interest-bearing demand deposits, noninterest-bearing demand deposits, personal and business checking, time accounts, savings and money market accounts, certificates of deposit, Internet banking, cash management, and direct-deposit services. It also provides commercial loans, construction loans, real estate mortgage loans, home equity lines of credit, and installment and personal loans. In addition, the company offers safe deposit box facilities, courier services, night depository facilities, Internet banking, cash management, direct-deposit services, and electronic funds transfer services, as well as provides trust, wealth management, and investment brokerage services. It provides its banking s ervices through its four branch offices and a trust office. The company was founded in 1999 and is based in North Canton, Ohio. Ohio Legacy Corp. is a subsidiary of Excel Bancorp, LLC.
Top 10 Financial Companies To Own For 2014: The NASDAQ OMX Group Inc.(NDAQ)
The NASDAQ OMX Group, Inc. provides trading, clearing, exchange technology, securities listing, and public company services worldwide. It offers trading across various asset classes, including cash equities, derivatives, debt, commodities, structured products, and exchange traded funds; capital formation solutions; financial services and exchanges technology; market data products; and financial indexes, as well as clearing, settlement, and depository services. The company also provides broker services comprising technology and customized securities administration solutions, such as back-office systems to financial participants. In addition, it offers global listing services; technology solutions for trading, clearing, settlement, and information dissemination; and facility management integration, surveillance solutions, and advisory services, as well as develops and licenses NASDAQ OMX branded indexes, associated derivatives, and financial products. As of December 31, 2010 , a total of 2,778 companies listed securities on The NASDAQ Stock Market. The NASDAQ OMX Group supports the operations of approximately 70 exchanges, clearing organizations, and central securities depositories. The company was formerly known as The Nasdaq Stock Market, Inc. and changed its name to The NASDAQ OMX Group, Inc. in February 2008. The NASDAQ OMX Group, Inc. was founded in 1971 and is based in New York, New York.
Advisors' Opinion:- [By CNNMoney Staff]
Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.
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