Elements of Prudent Financial Advice

Many investors and their advisors are finding that investing today is more difficult than ever before. In times like these, the benefits of prudent financial advice are most evident, and the costs of poor decisions most clear. The following 6 elements of prudent financial advice can help guide investors and their advisors to be successful during these uncertain times.

(1) Recognize that Markets Work. It is important for investors to understand that capital market returns are out of their control. Securities prices will fluctuate as new information is continuously evaluated by investors and traders, creating an equilibrium in prices that reflect a trade-off between risk and return. Prudent financial advice is not about providing a forecast that attempts to predict the unpredictable. Investors and their advisors should not focus on what might happen next in the markets, but instead position their investments to try to capture as much of the return markets make available as possible. Investors can tilt their portfolios in the direction of certain risk factors to increase expected returns and re-balance when necessary, but they should resist trying to outguess the market. This could result in reduced returns and an increased likelihood of an undesired outcome.

(2) Manage Investment Risk. Some say we have become a society accustomed to immediate gratification and that we often want more than we should. Investors’ desire for higher returns has led to the expansion of many new and riskier investment products. Some purveyors of investment vehicles have created such highly complicated strategies that the risks are nearly impossible to understand, even by professionals. For example, former Fed Chairman Alan Greenspan recently said that even with his advanced training in mathematics he did not fully understand Collateralized Debt Obligations, one of the most significant problem assets owned by troubled banks, pension funds, and financial institutions.

Prudent financial advice is about managing risk by designing an investment portfolio that is highly diversified and exposed to risks associated with higher expected returns. In other words, prudent investors only take on an amount of risk they feel is appropriate for them, and try to limit their exposure to those risk factors for which there is not a reasonable expectation of higher returns.

(3) Focus on Education. Investors who understand investments and how markets work are better able to appreciate the primary elements of prudent investing. Educated investors have the knowledge to make smart financial decisions and are less likely to fall prey to inaccuracies, misstatements, or other potentially damaging ideas they may hear from securities salespeople, the popular press, or other investors. Educated clients are also better able to decipher noise from information, and fact from opinion. A well educated investor is a more confident and more successful investor.

(4) Elevate Fiduciary Responsibility. Some would say that much of the investment industry’s traditional way of doing business does not serve the best interests of investors. Any system whose revenues largely depend on persuading investors to trade and potentially take excessive risk is not likely to be focused on the best interests of the client. Such a system encourages short-term trading and speculation. I may also tend to promote the development of investment products designed to satisfy investor demand, which is often misplaced, especially at market extremes, rather than providing prudent investment solutions that are appropriate for investors.

Prudent financial advice is about structuring an investment strategy that is right for the investor, not one that reflects what an advisor is trying to sell, or what will earn the advisor the most fees and commissions. It should be designed to match each client’s appetite for risk, while helping them reach their financial goals with broad diversification and excellent personal service.

(5) Retain Transparency and Integrity. The multiple scandals we have seen during this downturn illustrate the unrecoverable costs that can result from a lack of transparency and integrity on the part of an unscrupulous advisor. Prudent financial advice means operating in a clear manner that provides for the safety of clients’ capital first and foremost. This can be accomplished by investing in properly regulated, publicly traded vehicles using third-party custodians to hold client funds and securities.

(6) Maintain Investment Principles. Too many investors tend to abandon their investment principles at just the wrong time. They may either take too much risk when things are prosperous and bad events seem unlikely, or too little risk after a major decline has occurred, possibly missing out on a subsequent recovery. Investors used to focus on the wisdom of long-term investing rather than the folly of short-term speculation. In recent times, however, Wall Street and other institutional investors have failed to regard risk properly. Instead of managing risk they magnified it with huge amounts of speculation and leverage.

Instant Payday Loans For You No Faxing Required

Looking for an instant payday loan? Want to know how and where to apply for this loan? Read our article and you will get all your issues resolved.

Payday loan is actually a short term loan. In todays life instant payday loan has become very popular and as one does not need to have a credit check first to get the loan, so it has become very useful. You need not wait any further to get your payday loans approved as the process is very simple and you get instant payday loan without any trouble.

Process of Instant No Faxing payday loans:

After you are done with all the paperwork, you usually get the payday loan in cash. You might be wondering how does the loan get secured, right? Well, the payday loan is secured when you give out your post dated check. So you should keep in mind that you pay off the loan in the given time to avoid any further misfortunes.

Types Of No Faxing Cash Advance: When it comes to the types of payday loans, there are many types of instant payday loans available nowadays. You will find many banks which offer payday loans called direct deposit advance. But you need to have your paychecks deposited and that too electronically into that particular bank. You can get a predetermined amount of small amount of cash. Then there are refund anticipation loans where the firm gives you a check for the percentage of your refund when you file your income taxes.

You can always go to a payday loan store if you want to see yourself the different payday loans available. But in this busy life, people hardly have time to visit such stores and they can even calculate their payday loans with the help of payday loan calculator. Also, they have the Internet at home where they can access the wide range of loans available. There are many websites where it promises instant payday loans. They are very useful and it saves a lot of time as well. You can have a look at all the different types of loan from the comfort of your chair.

Talking about the online payday loan, you must be aware of fraudulent sites that promises you guaranteed payday loan but actually they takes all the information from you and sometimes your credit card details and the rest is history. So, you should always visit a secured site when you are looking for payday loans. One small mistake can cost you a lot.

CMS Encouraging Physicians For Health Care Reform Innovation Grants Offered

last someone is looking to cut healthcare cost innovatively- The Health
Care Innovation Challenge program, announced on 14th November, last
year is the most recent federal effort by the Center for Medicare and
Medicaid Innovation (CMMI) to support health care innovations. The
program is aimed at awarding grants to physicians and other health professionals, payers, local governments, to improve care and reduce costs for patients with public coverage.

center will provide grants of $1 million to $30 million, which is to
come from the $10 billion the center is receiving from the health system
reform law. With applications for the innovation challenge grants due
on 27th January, 2012, the innovation center expects to notify awardees
by 30th March, 2012. Additionally CMMI – part of the Centers for
Medicare & Medicaid Services (CMS), is managing several similar
programs designed to improve health care by providers.

Priority Areas for Proposals for the Health Care Innovation Challenge program include:

Health Care Innovation Center recognizes that new types of
infrastructure activity are critical for implementation of the recent
program like: data intermediaries for quality reporting and information
sharing; transparency initiatives; preventive care models; medication
reconciliation systems, etc. Physicians to cater to the likely increase
in administrative burdens can utilize professional healthcare services.

has been advocating the use of new workflows and innovative ideas of
practice management to cut healthcare costs since a decade now. MBC has
been offering innovative but ethical means like work-specialization,
training and implementing simple technology to reduce tedious
administrative jobs. MBC is a well-entrenched association of highly
experienced medical billers and coders who can provide services to
ensure a healthy revenue returns for healthcare providers, and assist
them in solely looking at improving healthcare for the aging US

About Medical Billers and Coders

Billers and Coders is the largest consortium of Medical Billers and
Coders in the United States. Our aim is to help the physician community

reach the right expertise in the right location at the right time.

usually prefer the technology and expertise of a large billing company
and the customization and attention of a local Biller Medical Billers

and Coders brings out the best in both the options and caters to the exact need of the physicians’ billing requirement.

For more information visit: Medical Billing Services, Medical Billing Companies

A Concise Lowdown on Small Business And Small Business Consultants

The US financiall downturn resulted to enormous layoffs and this
motivated a lot of people to think again about their long term
objectives. Since the events played out, many finance experts from
respected business consulting firms came out of the woodwork and
suggested that men and women ought to get into business as opposed to be
happy with remaining employed. In case you already have a business but
you are uncertain about what direction to consider, perhaps it’s time
for you to commence asking questions right now.

Is my company a “small business”?

For example, family-owned organizations that were quite popular in
the past are now viewed as small business since these don’t have
aggressive and particular programs for growth. Different small business
consultants suggest that this takes place since the industrial business
concerned is already pleased with their present production and sales.

The meaning of a small business differs from state to state. Numerous
nations around the world might declare that a particular trade is
“small” when there is just one proprietor. Other nations view a commerce
as small business if it only creates some income and hires few

Due to the present financial predicament in the US and in some
European countries, small businesses are now slowly and gradually
receiving the recognition they require around the globe. Different
government authorities in Asia and other parts of the planet now praise
small business owners for their involvement to the community in offering
required taxes and employment.

Can small businesses compete with bigger companies?

There’s always a possibility for extension if the owners will
discover ways. Small businesses in democratic places are at a bonus
since there are hardly any limits for business competitiveness unless
this can have an impact on individuals badly.

How does a small business compete with the so-called titans a market?

This depends on the ways owners are prepared to consider. Various
published books on business along with those on the web suggest choosing
safeguards, knowing the significance of this selection and hiring
business consulting firms.

Why hire some other company if your business needs help?

Look at it this way, if a person has to find information what can
that person do? Will the person hunt for answers according to his
understanding or will that person attempt to obtain the details from
external resources? The same applies in regards to small business since
turning to business consulting firms that might deliver small business
consultants is equivalent to accessing dependable support.

Small business consultants can help an owner take a long hard look at
the present state of his or her business and find methods to improve
it. This may mean making modifications in how goods are produced or how
services are rendered. This could also imply challenges to change means
of stock, accounting, auditing, and financing jobs.

When taking on business consultants to further improve your business,
don’t forget to study what that person is offering. Consider his or her
educational background, experience, and previous clients as these can
give you telltale indications of how efficient that specialist is. Have a
contract written and read its requisites before you sign.

15 Startling Reasons Why Your 401(k) May Be Your Riskiest Investment

Financial institutions have a distinct genius for marketing. They
are able to get millions of Americans to hand over their money with
very little thought taken, very little knowledge of the so-called
investments offered, and even less control of their investments.

the evidence is plainly presented, it becomes overwhelmingly clear that
putting money into 401(k)s and similar qualified plans is not investing
at all–it is one of the riskiest gambles for most individuals. Read
the following reasons why I say this, and ask yourself if it’s time to
reconsider your 401(k).

1. Limited Opportunity For Cash Flow

retirement plans, such as 401(k)s and IRAs, do not provide immediate
cash flow, which means that you cannot benefit from them through
velocity and utilization. The theory is that letting the money sit
allows it to compound, but for most people this really means that it
stagnates. Most people will not choose to utilize these funds even when a
particularly compelling opportunity arises that will make them far more
than the 401(k) would, even accounting for the penalties. This means
that numerous legitimate opportunities are passed by as people stay “in
it for the long haul.”

2. Lack of Liquidity

The money
is tied up with penalties attached for early withdrawal. Although there
are a few technicalities that allow penalty-free withdrawals, the
restrictions are so numerous that very few know how to get around them.

3. Market Dependency

performance of the funds is dependent upon market factors that most
individuals do not have the knowledge nor the ability to understand or
mitigate. This means that your retirement plans are based on unknowable
projections, making for a dangerous and uncertain planning environment.
Uncertainty causes fear, and fear leads to mistakes, worry, scarcity,
and ultimately lost hopes and dreams. Do you want to live your ideal
life only if the market cooperates?

4. The Match Myth

the match–it’s a guaranteed 100% return before you even get started in
the market!” You’ve heard that before, right? The problem is that it’s a
complete myth–were it true most 401(k) savers could end up with
literally billions of dollars at retirement. What is the true impact on
the bottom line to you? When do you utilize the match?

5. Lack of Knowledge

much do you really know about your 401(k)? Do you know what happens to
the money? Do you know what funds you’re invested in? Do you know the
companies that your funds are invested in? Have you seen financials for
these companies and do you know their key executives? Do you know the
fund manager by name, her history, her investment philosophy, her
performance? How can you expect to gain a return from something you know
so little about? How can you create real, tangible value in the world
in the 401(k) scenario? And how can this be called investing? Without
full knowledge of an investment, placing money amounts to little more
than gambling, which is the desire to get something for nothing. The
“something-for-nothing” attitude–no matter now subconscious–is
exceedingly destructive.

6. Administrative Fees

funds are subject to various administrative fees in addition to expense
ratios and 12-b1 fees (for marketing expenses). This is a fact which
most people and even many advisors ignore. This means that your returns
will be negatively impacted and your projections can be substantially

7. Under-Utilization Because of Tax Deferral

you don’t like paying taxes today, why would you want to pay them any
more in the future? In other words, the tax deferral aspect, which is
touted as a great boon, is actually a primary factor contributing to
qualified plan money being notoriously under-utilized. Most retirees let
the money sit, even during their retirement years, for fear of
triggering tax consequences. If you just have to pay the taxes as a
later date how is it a tax advantage? The reason there is no tax paid is
because you have deferred income by never taking constructive receipt
of your earning and instead deferring them into a qualified plan.

8. Higher Tax Brackets Upon Withdrawal

related to the previous problem, the other issue with taxes is that
most advice fails to take into consideration the likelihood of you being
in a higher tax bracket during your retirement years than you were
previously. Think about it: If you have achieved any measure of success
living the accumulation theory, you should actually be in a higher tax
bracket at retirement, although most advisors project that you will be
in a lower tax bracket. So this means that deferring your taxes results
in a far greater tax burden than would otherwise be incurred using
different products and strategies than the conventional route. It’s
profound irony that people project healthy returns on their qualified
plan while also projecting that they will be in a lower tax bracket at

9. Estate Taxes

401(k)s are sitting ducks
for estate taxes. Much qualified plan money is never utilized by those
who actually accumulated it because they hold off so long on withdrawing
it in fear of paying taxes, yet when the money is passed on to the next
generation, there is not only an income tax that can be triggered, it
may be subject to an estate tax that there is no internal provision to
avoid either. So when the money is passed to the next generation, the
government taking a healthy chunk before it passes hands. This begs the
question of who is the real beneficiary of the program.

10. No Exit Strategy

Getting into a
401(k) seems simple enough. In fact, many companies start employees’
401(k) contributions automatically upon hiring them. They sound
great–you’re getting a match, tax deferral, a wide choice of funds
relating to your risk tolerance. But how are you going to get out of it?
How many people take this into consideration when they start
contributions? How many people understand the penalty and tax
consequences? Most people don’t fully realize the implications until
it’s too late, and so their qualified plan money sits unutilized. In
that case, what is the real rate of return of your money? Once again, in
that scenario, who are the real beneficiaries? Not them, and not their
heirs to a large extent–it’s the institutions and the government.

11. Subject to Government Control and Change

you know that your 401(k) does not even technically belong to you? Read
the fine print and you will find that it is what’s called an “FBO” (For
Benefit Of). In other words, it’s technically owned by the government,
but provided for your benefit. It’s essentially a tax code. If history
proves to be a reliable guide, 401(k) funds are therefore in great
jeopardy. In the same way that the government raises and lowers taxes at
their whim, what is to keep them from changing the rules and taking the
money that you so diligently saved?

12. Golden Handcuffs

you at your current job because it aligns with your passions and
purpose, or because of the great benefits? Are you just holding on long
enough until your qualified plan funds are fully vested? Are there ways
that you could create more wealth and opportunity by living your Soul
Purpose, rather than being attached to the deceptive security of a

13. Disinvesting

Suppose you’ve retired and
want to begin taking interest payments from your qualified plan. You
project that you can withdraw 6% a year, based on an average return of
8% a year. However, what happens to your principal when the funds are
volatile and the market experiences down years? Your funds may be
receiving an average 8% annually, but that means that some years will be
lower, some will be higher. If in one year your fund is down 10%,
you’re tapping into your principal to take your interest withdrawal. At
that point, you have only two choices: 1) start withdrawing principal,
or 2) leave the money alone until your funds are up again.

14. No Holistic Plan

witnessed on many occasions people whose finances are in shambles and
although they have much more pressing needs, they diligently contribute
to their 401(k). They’ve been convinced to do so, of course, because of
the match, tax deferral, etc. It’s like a person trying to take care of a
scraped knee when their wrist is slit. What they really need is a
macroeconomic approach to their finances that will help them identify,
prioritize, and manage all pieces of their financial puzzle, with all
pieces coordinated and working together.

15. Neglect of Stewardship

the most destructive aspect of 401(k)s is that they cause many
individuals to abdicate their responsibility, abandon self-reliance, and
neglect their stewardship over their own prosperity. People think that
if they just throw enough money at the “experts” that somehow, some way,
and without their direct involvement they will end up thirty years
later with a lot of money. And when things don’t turn out that way they
think they can blame others–despite the fact that they only have
themselves to blame.


Qualified plans are
promoted on such a wide scale because those promoting it have vested
interests–and their interests don’t necessarily coincide with yours.

you currently contribute to a 401(k), stop and think about it for a
minute. What is it really doing for you, now and in the future? The
desire to save money for retirement is wise and prudent, but after
reading the above, do you think it’s possible to find other investment
philosophies, products, and strategies that would meet your financial
objectives much more quickly and safely than a qualified plan?

you really comfortable exposing yourself to this much risk? How can you
mitigate your risk, increase your returns, and create safe and
sustainable investments? How can you create more control and better exit
strategies, reduce your tax burden, and increase your cash flow?

Your financial future depends on your answers to these questions.

Facts About Obtaining Financial Freedom Through Forex Trading

Facts about Obtaining Financial Freedom Through Forex Trading”

With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven’t followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

1. Have Faith In Yourself

To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else’s thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

2. Accept Your Learning Curve

Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don’t say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.

3. Decide What Type of Trader You Are

There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

4. Get Educated

Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.

5. Continue to Get Educated

In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It’s nice to have an ongoing relationship with the person/people helping you to achieve your goals.

What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back. For more trading information – www.super-automated-forex-system.com

Can we trade efficiently from Forex brokers’ mobile apps

New technology always brings newer and different ways of operating tasks we have historically got used to. For instance, in our everyday lives mobile phones are used more widely now than the historical land line. The same applies to Forex brokers. For years people have undertook Forex trading activities on PC based platforms but it seems that in the recent years, the introduction of smart phones has introduced Forex broker apps that enable users to operate their trading in the same manner but on a mobile device.

In terms of functionality, majority of Forex brokers’ apps do work quite well. They do not have a 100% replicated platform that enables traders to operate in the same manner as they would if they were on a computer. Instead, they provide the user with limited and at the same time -major’ functionality such as buying, selling, debit, credit, indicator set-up and so on. With this limited functionality, Forex trading apps may be slightly missing the point.

The reason why Forex trading with Forex brokers is easy on the PC screen is because of the room you have to view multiple charts, the full extent of functionality use and other resources that generally help traders to manage their trading account efficiently. This is not translated with mobile phone applications.

The reality is that mobile phone screens are far too small to use for market analysis. Even if the screen was large, using fingers to plot lines onto specific price areas can be difficult and time consuming. This is simply not something that professional traders can afford to lose. Time is crucial and if they react too late, they simply miss the trade.

A danger of relying on Forex brokers’ apps is loss of signal – something the user has no control of. If you are on the move and you lose signal mid-trade, there is nothing you can do about that. If you had to close the order or move your stop loss; the opportunity to do so is simply gone. Also, if you are on the move it usually means that you do not have much time. If time is not given to solid Forex market analysis then wrong ideas can be generated for a trade. The amount of free time should never be the cause of a failing trade.

Forex broker apps should only be used for one reason – keep a watchful eye on your trades. This is particularly true with long-term traders. If positions are held for a few days or even a few hours, Forex broker apps are a great way to stay in touch with the market rather than be used to enter the market. Exiting the market can perhaps be acceptable but a stop loss should be able to take care of that in any case. So, despite their pretty shell, they do not seem to bring too much benefit.

Small Business Phone Service Still Performing Better

To a individual who is thinking of placing a business that is both
realistic and lasting, she or he doesn’t have to look far as
telecommunications is now widely used more than ever. Despite the surge
and also speedy progression of the internet as a fresh new medium of
communication, still people and businesses make use of the telephone to
make contact or transactions.

And so, entrepreneurs who want to make their mark in
the telecommunications industry should evaluate starting the small
business phone service business. This is simply because it appears that
the telephone will not be going the way of the dinosaur just yet. Though
more and more people are now wired to the internet even in a backward
city in most under developed country, still the telephone has its power
and much folks, primarily those who have not been sold out to the
internet, are still making it their preferred tool of communication.

good thing about placing a small business phone service is that today’s
telephone system is becoming more advanced as compared to fifty years
ago. Telephone systems in today’s times are applying digital lines, an
amazing advancement from the analogue phones which persisted in the
past. In truth, a lot of the online connections all around the world
like those in the developing nations continue to be reliant on the
telephone lines for its connection to the global network or perhaps the
worldwide web. Needless to say that the telephone remains crucial
considering a telephone and internet could work together in developing
not simply the line of communications among people in the world however
in the sending and receiving of all sorts of electronic data, voice and
video transmissions.

an owner of a small business phone service, you have to make confident
that the huge telephone company that you will be doing business with
will provide you with the most effective services so you could as well
serve your clients in the best achievable strategy. Also, in case a
telephone company grants you as part of the package additional features
that will make applying the phone so simple to both the caller and
receiver, then by all means involve it into your phone lines. You will
find numbers of big named phone companies performing in the United
States which merely cater to major cities and metropolitan areas. Should
you be considering on having your small business phone services in a
small town that significant telephone firms cannot reach, then it ought
to be an opportunity for you.

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End Of Financial Year New Car Sales

The end of the financial year is an excellent time to buy an automobile. That is the time of year when automobile manufacturers and dealerships are willing to make the best deals. Many offer deals at the end of the financial year they would not consider doing anytime else. No manufacturer wants to have vehicles returned to them unsold. No automotive dealership wants the previous year’s model sitting on the lot when the new models are being released. For this reason the end of the financial year is a great time for consumer to purchase cars.

Each year vehicle dealerships receive a certain allotment of new vehicles. Generally these vehicles have all the latest refinements so their prices are usually high. Many consumers love to be the first person to own certain vehicles. These are the people who flock to the dealerships at the beginning of the financial year. Businesses that lease fleets of vehicles also get them at the beginning of the financial year. For the person looking for a good deal that would be the wrong time to attempt to buy a vehicle. The dealers are excited about the new vehicles and businesses and certain individuals want them the moment they roll off the production line. New car sales soar as consumers are intrigued by the car brochures promising all manner of benefits.

When the financial year comes to an end there tends to be a number of unsold new cars sitting idle. The savvy buyer knows this and understands the dealership is desperate to unload its old inventory to make room for the new models waiting to arrive. The year-end buyer can choose from low mileage, well maintained fleet vehicles, slightly older trade-ins, demonstration models with many great accessories and very low mileage and brand new models from the year which is coming to an end. It’s a buyer’s market and they can often negotiate very favourable terms.

Whether they are looking for small cars, new cars, slightly used ones or anything in between, a customer’s best bet is to wait until the end of the financial year. They may be able to make straight cash deals or combine a trade-in with some cash and get a brand new model. Dealerships and their finance companies are often ready to offer generous financing terms and may even be willing to work with people who do not have perfect credit. For the vehicle dealership the whole focus at the end of the financial year is to move cars and make money.

New car sales make a car dealer look good. Manufactures love a car dealership that is able to sell all or most of their allotment of new cars. The ability to sell new vehicles whether they are small cars, light trucks or sport utility vehicles based on the photos and descriptions in the car brochure is invaluable. To maintain this reputation car dealerships are almost willing to give cars away at the end of the financial year.