Setting Investment Goals: A Blueprint for Financial Success
- On July 9, 2024
- By admin
- In Educational Content
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Monocom Markets is the tradename of Monocom Markets, Ltd. - registered offshore company No: 144571 and licensed by the Financial Services Authority (FSA) with Securities Dealer License No: SD049 - operates a branch in Japan under freedom of establishment and also serves clients in EU countries under their freedom of services
Trade Execution & Confirmation Document
Each time we purchase shares for your portfolio you will receive a confirmation of trade for signature to return to us. This will include your personal account summary, execution date, transfer agent coordinates (if applicable), stock details, price, exchange, cusip number, and commission fee (if applicable).
Equally each time we sell a position in the market you will receive a sell order confirming trade. You will similarly be required to sign and return it to us, authorising the sale.
Note: If an immediate timely execution is required (at night), you will receive sale confirmation the following day during normal office hours post trade.
Payments
In accordance with standard trading terms, we operate on a T+3 basis (this means ‘trade date’ plus three working days settlement).
Dependent on the relevant trading exchange and locality of the client, payments for shares are usually settled either directly with Monocom Markets or through the relevant secure registered Transfer Agent. Transfer Agents function as a secure currency transfer facility between client and broker. In addition to transferring funds for the purchase or sale of shares, they may also be responsible for the safe and secure issuing and redeeming of certificates.
Trade Fees
Monocom Markets charges a commission fee on each transaction, whether buying or selling shares.
Individual and Joint Account holders will be subject to the following trading fees:
- All transactions up to the maximum value of $20,000.00 will be charged a fee of $50.00 per trade;
- All transactions exceeding $20,000.00 will be charged a fee equal to 0.25% of the trade value;
- The commission fee will be included on the Trade Confirmation and it is the responsibility of the Transfer Agent, notary public or solicitor handling the trade to remit these funds to Monocom Markets if client has not settled directly with the company.
High net worth Discretionary Managed accounts are only charged 2% of profits after a sale, and never the capital initially invested.
Account Management
Your dedicated Monocom Markets’ broker or wealth manager will follow the trading prices of shares held in your portfolio and will provide timely advice on both buying and selling.
In addition we provide regular updates and news regarding any important developments in the companies whose shares you hold, or any positive/negative information that may affect share prices.
The management of your account and any subsequent research and information is provided to you at no extra cost.
Last Updated: [03/06/2024]
Welcome to Monocom Markets, Ltd. (“we,” “us,” “our”). These Terms of Service (“Terms”) govern your use of our website www.monocomm.com (the “Service”) and all accounts, transactions, and services provided by us. By accessing or using our Service, you agree to be bound by these Terms. If you do not agree with any part of these Terms, please do not use our Service.
Acceptance of Terms
By accessing and using the Service, you agree to comply with and be bound by these Terms, our Privacy Policy, and any other policies or notices posted on our website. These Terms apply to all users of the Service, including clients, visitors, and others who access or use the Service.
Services Provided
We offer various investment services, including but not limited to:
- Access to global equity markets
- Personalised investment advice and research
- Trade execution services
- Portfolio management
- Discretionary Investment Management (DIM)
- Corporate Finance Advisory
- Financial Risk Management
Account Registration
To use certain features of our Service, you may be required to register for an account. You agree to:
- Provide accurate, current, and complete information during the registration process
- Maintain and promptly update your account information
- Protect the confidentiality of your login credentials
- Notify us immediately of any unauthorised use of your account
Minors cannot use the Service, designated accounts may however be ‘held’ for minors, but they must be operated by a person over 18 years.
Broker/Client Confidentiality
To protect Broker/Client confidentiality we do not permit use of, or contact via, web based social networking or web based media chat sites, to any of its employees by their clients. These include, but not limited to; LinkedIn, Facebook, Twitter, Google+, Skype, WhatsApp, MSN, MySpace and Yahoo.
Fees and Commissions
We charge a commission fee on each transaction, whether buying or selling shares. The commission fee will be included on the Trade Confirmation.
Account holders will be subject to the following trading fees:
- All transactions up to the maximum value of $20,000.00 will be charged a fee of $50.00 per trade
- All transactions exceeding $20,000.00 will be charged a fee equal to 0.25% of the trade value
You must also ensure that cleared funds are available on or before the day they are required.
Convenience with client protection:
Dependent on the relevant trading exchange, celerity and locality of the client, payments for shares are usually settled either directly with Monocom Markets or through the relevant secure registered Transfer Agent. Transfer Agents function as a secure currency transfer facility between client and broker. In addition to transferring funds for the purchase or sale of shares, they may also be responsible for the safe and secure issuing and redeeming of certificates.
Exchange Rate
Where currency conversion is necessary to affect the purchase or sale of security, Monocom Markets will not charge for currency conversion, which will be at bank base rate on date of execution and time of issue.
Client Agreement
By opening an account or enrolling in a service, you agree to the terms outlined in the Client Agreement. This includes, but is not limited to:
- Agreeing that the terms will apply to all your accounts, transactions, and services
- Providing a specimen signature card upon opening a new account or enrolling in a service, which serves as your agreement to the terms of the new account or service
Recording
We may (but not obligated to) record communications between us and the Client. The Client consents such recordings by us may be used as evidence of the contents of the communications if pertinent in any dispute.
Arbitration
You agree to arbitrate all disputes and controversies that arise between us. This means that any disputes will be resolved through binding arbitration rather than in court.
Modifications to Terms
We reserve the right to modify or replace these Terms at our sole discretion at any time. If a revision is material, we will try to provide at least 30 days’ notice before any new terms take effect. What constitutes a material change will be determined at our sole discretion. By continuing to access or use our Service after the revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, please stop using the Service.
Termination
We reserve the right to terminate or suspend your account and access to the Service at our sole discretion, without prior notice or liability, for any reason, including if you breach the Terms.
Discretionary Investment Management accounts exist a minimum duration of 12 months from date of inception and cannot be terminated until 1 calendar year has elapsed. Preferred 2% commissions levied on portfolio maturity are calculated on minimum average DIM account longevity.
Limitation of Liability
To the fullest extent permitted by law, Monocom Markets shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting from:
- Your use or inability to use the Service
- Any unauthorised access to or use of our servers and/or any personal information stored therein
- Any interruption or cessation of transmission to or from the Service
- Any bugs, viruses, trojan horses, or the like that may be transmitted to or through the Service by any third party
- Any errors or omissions in any content or for any loss or damage incurred as a result of the use of any content posted, emailed, transmitted, or otherwise made available through the Service.
Governing Law
These Terms shall be governed and construed in accordance with the laws of Japan, without regard to its conflict of law provisions.
Contact Us
If you have any questions about these Terms, please Email Legal.
In the world of investing, having clear and achievable goals is the compass that guides your financial journey. Whether you’re saving for retirement, planning for a major purchase, or building wealth for future generations, setting investment goals is the crucial first step toward realising your aspirations. In this article, we’ll explore the importance of setting investment goals, how to define them effectively, and why they’re the foundation of a successful investment strategy.
The Importance of Setting Investment Goals
Imagine embarking on a road trip without a destination in mind. You might drive aimlessly, wasting time and fuel, and ultimately feeling lost and frustrated. Investing without clear goals can lead to a similar outcome. Without a specific target to aim for, you may make haphazard investment decisions, take unnecessary risks, or lose motivation along the way.
Setting investment goals provides direction and purpose to your financial efforts. It helps you prioritise your objectives, allocate resources effectively, and measure your progress over time. Whether your goal is to achieve financial independence, fund your children’s education, or travel the world in retirement, having a well-defined investment goal gives you a roadmap to follow and increases your likelihood of success.
Defining Your Investment Goals
To set meaningful investment goals, start by asking yourself some fundamental questions:
Types of Investment Goals
Investment goals can generally be categorised into three main types:
Aligning Your Investment Strategy with Your Goals
Once you’ve defined your investment goals, the next step is to develop a tailored investment strategy to achieve them. Your investment strategy should be aligned with your goals, taking into account factors such as your risk tolerance, time horizon, and liquidity needs.
For long-term goals like retirement planning, you may choose to invest in a diversified portfolio of stocks, bonds, and other asset classes with the potential for growth over time. For short-term goals like saving for a major purchase, you may opt for more conservative investments with lower volatility and higher liquidity.
Regularly monitor your progress toward your goals and make adjustments to your investment strategy as needed. Life circumstances and market conditions may change, requiring you to adapt your approach to stay on track toward achieving your objectives.
Conclusion
Setting investment goals is the cornerstone of a successful financial plan. By defining your objectives clearly, you can chart a course toward financial independence, security, and prosperity. Whether you’re saving for retirement, planning for a major purchase, or building wealth for future generations, having a roadmap to guide your investment decisions will increase your likelihood of success and empower you to achieve your dreams. Start setting your investment goals today and take control of your financial future.
Disclaimer: Share Trading or Trading in derivatives carries a high level of risk, and may not be suitable for all investors. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts. Unless otherwise noted, all information contained herein is sourced from Monocom Markets Ltd. internal data. The content included herein has been shared with various in-house departments within the company of Monocom Markets Ltd., in the ordinary course of completion. Parts of this presentation may be based on information received from sources we consider reliable. We do not represent that all of this information is accurate or complete, however, and it may not be relied upon as such. This document and the financial products and services to which it relates will only be made available to accredited investors of Monocom Markets Ltd. and no other person should act upon it.