Tag Archives: due amounts
What were you thinking when you bought that fund?
Seeking help, you may approach a broker to recommend funds. Unfortunately, regret is likely to follow. A broker’s main interest is in loads and other commissions from frequent mutual fund sales. Loads of 5.75 percent are common. On a $10,000 investment, you are paying $575. You can buy an entire financial plan from a fee-only [...]
The feelings are not mutual
Overwhelmed by the prospect of buying individual stocks, you may turn to mutual funds. Mutual funds are marketed as a simple way to own a diversified portfolio managed by a professional. Unfortunately, mutual funds are confusing and complex. Confusion is rampant. There are as many mutual funds as there are individual stocks. Just when you [...]
Money managers dance better for a price
A money manager is not a psychologist for the difficult years. A money manager’s primary interest is in keeping your account, not helping you with your emotions. When the market and your account crash, a money manager is unlikely to admit his responsibility in loading up on overpriced stocks at the wrong time. More likely, [...]
guidelines your collection staff should follow when dealing with debtors – part 3
Elicit a promise to pay by a certain date. Debtors, like everyone everywhere, work better with a deadline. If it’s a due date mutually agreed to by the company and the debtor, the joint ownership often will elicit greater allegiance toward the company than it will for others waiting for payment. If the debtor’s resources [...]
Guidelines your collection staff should follow when dealing with debtors – part 1
Reach an agreement with the debtor on the amount owed. One of the key things the collections person can do is help the debtor overcome his or her internal resistance. With the exception of a disputed amount, most debtors know they must pay and, more often than not, most want to pay. Getting them to [...]
Maximizing Your Collections Efforts – part 2
The accounting function can help, too, by sending timely accurate statements to customers to remind them of the debt they owe the company. The old phrase, “Out of sight, out of mind,” was never truer than when it comes to debts. For companies that simply must launch a collections action, a collections professional is always [...]
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Recent Posts
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- Investors require a premium for taking on credit risk
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