SCS Financials

In 1923 a group of our greatest leaders and richest businessmen held a meeting at the Edgewater Beach hotel in Chicago. Among them were Charles Schwab, head of the largest independent steel company; Samuel Insull, president of the world’s largest utility; Howard Hopson, head of the largest gas company; Ivar Kreuger president of the International Match Co., one of the world’s largest companies at that time; Leon Frazier, president of the Bank of International Settlements; Richard Whitney, president of the New York Stock Exchange; Arthur Cotton and Jesse Livermore, two of the biggest stock speculators; and Albert Fall, a member of President Harding’s cabinet. Twenty five years later nine of them (those listed above) ended as follows. Schwab died penniless after living for five years on borrowed money. Insull died broke living in a foreign land. Kreuger and Cotton also died broke. Hopson went insane. Whitney and Albert Fall were just released from prison. Fraser and Livermore committed s...

Lots of people today also aware about financial planning but scare about their investments perspectives since volatile market as well as frauds takes places in such market its difficult to understand how market should react. To overcome this let first understand what is financial planning is means to us.  Financial planning is process of developing strategies to assist consumers in managing their financial wealth, affairs to meet life goals. The process of financial planning involves reviewing all relevant aspect of individual situation across the large breadth of financial planning activity, inculde inter-relationship among often conflicting objects.  Here is definition of Financial Planning  " A plan by way of which an individual achieve his financial goals in a disciplined manner " Benefits of Financial Planning? Financial planning provides directions and meaning to financial decision. It allows the client to understand how its financial decis...