By financen | July 21, 2020 - 11:17 am - Posted in Save Money, Travel Finance

Many people don’t realize the importance of traveling to different places. It actually changes the environment around you and gives you peace of mind. Travel does not mean only fun, enjoyment and refreshment. The way we get busy in our daily life, it is a must to travel for a change to your mind and health.

When you travel to different places, you are able to do things that you would have never done in your daily life. When you are out to travel, you are away from your busy schedules, from your computer, TV etc. you will get more free time to talk with different people and see different cultures.

saving money for travelPeople travel for a variety of reasons. Some people travel because they want to have fun and enjoy good time. Others travel as a hobby. In big cities, it can be an escape away from the hectic pace of life. There are some other people who travel just to change and move to a different place.

Here are the main benefits of travel:

Stress relief: When you travel to a different location, there is a change in the environment and you get free from your everyday responsibilities. This gives you enough time to relax and rest. When you are on a holiday, you don’t have to set up your alarm clock to wake you up and go to office. This takes away a lot of mental stress and you can sense freedom. Stress relief is the major reason for traveling. The thought of traveling to a new place gives you the immediate sensation of excitement and stress-free feelings. Travel is a great way to connect you with the nature. It gives you a lot of relaxation mentally and physically.

Physical benefits: You may not get a chance to exercise amidst your busy schedules. But when you travel, you walk more frequently whether riding the subway or exploring the streets of a historic city or even visiting a museum. When you lay out on the beach, your body gets a high dose of vitamin D from the sun. This makes your bones strong and you get positive emotions. You also get other benefits like lowering the risk of diabetes, weight loss and reduce cholesterol level. Medical experts say that you should travel once in every six months for keeping your heart in good condition. And you also get better sleep after traveling throughout the day.

Cultural benefits: When you travel to new places, you get to know about that place and meet new people. When you interact with different people and see how they accomplish their goals, you get to learn some new ideas that you can implement in your life also.

Relationship benefits: You get some free quality time to spend with your family members, or friends and this will enhance your mutual bond. Meeting new people in new locations can result in a long term relationship for many.

Happiness: Many people relate happiness with travel. They buy souvenirs just to remember their vacations. They also take pictures and print it so that they can remember those trips that were about tasting new food, beautiful sights, historic moments and new music. Hence traveling becomes more addictive especially when you have more time and money, and many people enjoy it as a hobby.

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By financen | June 24, 2020 - 8:53 am - Posted in Business

It’s hard to think about frosty temperatures and falling snow in the summer, but taking time to prepare for winter conditions can save you time and money down the road. Here are three things you can do to make sure your building is ready for that freezing weather.

Get Your Roof Ready

Hire a roofing company or go up yourself and inspect the condition of your roof. Check for holes and loose shingles and see if any flashing around intersections or corners is loose. If you’re in an area with heavy snowfall, think about getting a predictive monitoring system that can let you know if the snow is putting too much pressure on your roof.

Protect Outside Faucets

You can install freeze-proof faucets and hose bibs to keep supply pipes from bursting in cold temperatures. Have a qualified contractor service your irrigation system and install insulation on backflow preventers and aboveground pipes. Show all your employees where the water shut off valves are in case they need to turn the water off in an emergency.

Smooth Out Sidewalks

Seal cracks in walkways to prevent water from seeping into the concrete. If water gets into concrete and freezes, it expands, creating holes and cracks. Excess water can also settle below the pavement, soften the ground and cause potholes. Stock up on ice melt to keep surfaces clear. Calcium chloride and magnesium chloride are two of the best ice melts for concrete surfaces.

If you have equipment that relies on electricity, such as refrigerators, have a backup generator available. You’ll also want to keep your employees and customers safe. FEMA suggests every business have an emergency supply kit stocked with items such as food, water, a first aid kit and flashlights. For the latest storm information, NOAA’s National Weather Service has eight forecast tools to keep you informed on the changing winter weather.

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Is it time for your company to hire a janitorial service? You may have heard how important a clean office is for guests and staff. Not only are cleaner offices healthier for those who work in the building, but a clean office inspires productivity. If you’ve been on the fence about janitorial services, here are a few reasons why you should consider hiring one.

Experienced Companies

When you have an experienced company behind you, then you also have a company that has a developed system and is probably comfortable with any issues that they have to do deal with on the job. An experienced company can probably have a job finished in half the time it would take you to do it. Also, that job would be more thorough.

Saved Money

Money savings is important when it comes to your business. You may think that you are saving money without hiring janitorial services Frederick MD business owners depend on, but the truth is that you aren’t. If your employees or staff have to spend extra time cleaning, then you’re still paying for that time. Not to mention, it’s time that could be spent productively for your company.

Extra Time

Your office building requires daily and weekly cleaning to maintain a healthy, tidy environment. To let your building go can provide a hotbed for germs. Not to mention, when you don’t clean, your staff may become less productive because of the mess growing around them. If you don’t have a janitorial service, it’s up to you and your staff to maintain the office. This cuts into your productivity and the time that you could spend building your company.

Janitorial services have more benefits than disadvantages. Some companies skip cleaning companies and janitors as a move to save money, but in the long run, you may spend more on deep cleaning.

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By financen | June 11, 2020 - 6:24 pm - Posted in Investing, Real Estate, Real estate investment

For many, investing in real estate rental properties can help in planning for a stable financial future. It can be one of the most lucrative investments; however, when it comes to managing properties, this can be a huge undertaking for those who are already employed fulltime. As you consider how you will manage the property, evaluate these three options to see which best fits into your life.

Have Someone Manage Your Property

For those who are at a farther distance from their rental properties or if there are too many to manage, enlisting the help of a management company may be your best bet. By hiring property management Griffith to assist in every area of management from screening potential renters to regular inspections, you can take a hands-off approach.

Outsource Some Services

You can also take a middle of the road approach by hiring help for only certain management areas. Whether you enlist help to maintain the physical structure or to collect rent, there are many different services available for landlords to bring on. By taking on help for only part of your management responsibilities as a landlord, you can save some money and invest some of your time into the management of the space.

Do it Yourself

For some landlords, particularly those who handle this fulltime or who have a few local rental properties, they may choose to manage the property by themselves. It is critically important for landlords to understand their responsibilities to the physical space and the tenant, so make sure that you do your research. While real estate investments can be lucrative, remember that you also need to invest time.

Managing rental properties can be a way to consistently have a flow of income; however, this does not come without planning and hard work. Regardless of whether you choose to manage the property yourself or hire a management company, make sure that you do right by the property and its residents and manage it well.

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By financen | June 2, 2020 - 6:37 pm - Posted in Forex, Stock Market

If you’re thinking about making some extra money, stock trading might be a great option. But the problem is that today’s investors and traders have access to numerous types of trading instruments, which might get you lost in the middle of the way, so learning about them is of the utmost importance.

From trustworthy blue-chip stocks to the fast-paced futures and foreign exchange (or forex) markets, traders often compare forex vs stocks to determine which market is the best one to trade. In this comparison, keep in mind that there will always be benefits and drawbacks for each one and it ultimately comes down to how important those features affect you, personally. Deciding between one of them can be a real pickle, but don’t worry! In this article, we’ll make sure you’ll learn everything you need to know before making a wise decision. So, let’s start with the basics:

stock market vs forex

The Basics

The foreign exchange market, a.k.a. forex, is the world’s largest financial market. The main thing about Forex is that it’s decentralized and mostly represents a trading network of participants from around the world, including investment banks, central banks, hedge funds, and commercial companies. Many traders prefer the forex market because of its high liquidity, the nonstop trading, and the amount of leverage that is offered to participants.

On the other hand, the stock market is made by well-established and financially sound companies. As you may already know, the shares in a company, as the name suggests, offer a share in the ownership. These equities operate profitably during challenging economic conditions and have a history of paying dividends. Most of the time, these transactions are conducted on stock exchanges, in order to raise capital. Although the stock exchanges might provide a transparent, regulated, and convenient marketplace for buyers to conduct business with sellers, it’s generally considered to be less volatile than many other investments and are often used to provide steady growth potential to investors’ portfolios.

Now that you know what trading is all about, especially when it comes to these two markets, let’s compare them on a more technical level.

Forex vs Stock Market

Size

One of the biggest differences between forex and stocks is the sheer volume of the forex market. A high volume means traders can typically get their orders executed more easily and closer to the prices they want. For example, the forex market volume dwarfs the dollar volume of all the world’s stock markets combined, which averages roughly $200 billion per day. Why do we care? Because the greater the size, the greater the liquidity will be, so, here Forex takes the wins.

Liquidity

As we mentioned above, a market that trades in high volume generally has higher liquidity. Liquidity leads to tighter spreads and lower transaction costs. Forex major pairs have extremely low spreads and transaction costs when compared to classic stock action. This ends up being one of the major benefits of trading on the forex market.

Volatility

This is a measure of short-term price fluctuations. Many traders, especially the short term ones, rely on volatility to make their investments in order to profit from quick price swings in the market. This is an advantage that attracts many investors to the forex markets. Others are more comfortable with less volatile and less risky investments, like buy-and-hold investors, who may prefer the stability offered by the classic stock trading market.

Leverage

Another big advantage of Forex trading is the superior leverage offered by that market. In the US, investors generally have access to 2:1 leverage for stocks. The forex market offers a substantially higher leverage of up to 50:1, and in other parts of the world, even higher leverage is available. Of course, this offers the convenience of being able to command a larger position for a given cash deposit, but be aware! Leverage can be a powerful tool but it can also put a quick stop to your activities.

Trading Hours

Trading sessions for stocks are limited to exchange hours, therefore, stock traders must adhere to the hours of the stock exchange. On the other hand, Forex is a 24-7 market, and it has no single central location! Participants can be spread across the globe and there is always a part of the market that is in business hours. Add that to the efficient forex trading apps that are available on the market, and you can even invest on the go, effortlessly! If you’re interested in knowing which are the best apps for that, click here. The catch is that extended trading sessions remain notably low volume and non-liquid. When comparing volumes across a 24-hour period, Forex has the upper hand.

So… Which One?

The Internet has opened up major possibilities when it comes to trading. The decision is usually based on risk tolerance, account size, and convenience. But in the end of the day, you must choose what works best for you! It often comes down to knowing which trading style suits you best. The instrument a trader uses should fit on his strategies, goals, and outcomes he or she wants to overcome. However, if your strategy is to buy and hold for the long term, generating steady growth and earning dividends, stocks are a more practical choice.

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By financen | May 26, 2020 - 5:00 pm - Posted in Online Trading

Coronavirus has affected the whole world in some way or the other, and the financial sector is no exception. In present times, the volatile trading market is going through a lot of ups and downs.

Aussie trading app Stake was recently launched in New Zealand and the UK. The platform has since then witnessed trades worth more than $250 million. By March, the volume increased more than nine times than that of December. Customers are now investing more money per trade and the average trade size has also doubled in the recent months. With the great results, other trading apps like Trade Republic and Robinhood have also raised significantly large funding rounds. However, while March boomed for Stake, a drop off was observed in April. It was still higher than December and January though.

The market was rebounding at 11% roughly this month, but the oil price collapsed below zero in the second half of April and the Dow was closed at 2.4% lower, which was even worse than the first of April. Many customers reverted to investing in big technology firms in the US before this happened. They went for Tesla, Microsoft, and Apple, over inverse ETFs.

Analysing the Trading Market

Analysing the trading market is difficult due to its ever-changing climate and short-lived reactionary statements. However, while coronavirus is concerned, experts are thinking that big trading volumes may indicate a new generation of investors in today’s trading market. The trade volume growth is extraordinary, and there have been 20,000 new sign ups welcomed by Stake this year. So, the new propositions are expected to be interesting.

In July, Stake is set to officially roll out its brokerage packs, which so far was available for free for users to try. This three tier offering, the first of which is free, further aims to diversify the platform, making it easier for novice traders to start out with fractional shares, as well as for seasoned investors who trade on settled funds.

After the $67 million investment announcement was made, Trade Republic stated that it was set to release a series of saving features over the span of the coming months. The fact that Trade Republic has focused on saving features has raised many eyebrows among the various wealthtechs. They have till date, firmly defined their offerings as the “safer, long-term option” compared to other “game-playing” trading apps.

The combination of long-term portfolio offerings and quick-win investments can lead the path towards further consolidation in the fintech sector. This phenomenon has already been seen in infrastructure providers and Fintechs buy bank.

In the immediate economic climate, the prospect of rolling out saving products could reap some quick gains as competitors in some countries take a big step back.  There were about 180 saving products pulled from the market in the UK between the beginning of March and April this year.

For instance, Canadian based Fintech Wealthsimple has seen less than 5% of its customers modify their portfolios during the coronavirus uncertainty. It also has a trade offering in Canada, which makes it another player which aims at bridging the gap between long term investments and trading. The Fintech company has acquired over 7000 new users on average per week, with half of them being under the age of 34.

However, Deloitte’s director Alexander reminds everyone that Fintechs were struggling to get attention from prospective customers before this pandemic induced surge. Thus, it is difficult to gauge how well trading Fintechs have done during this pandemic, until the lockdown ends and economies around the world recover. As such there are many users joining Online Broker such as IQ Option, to reap the benefits of this “Coronavirus” surge.

Thus, in the short-term, there are many trading Fintechs which are currently doing very well, due to the reactionary nature of the market. These can change however as old challenges start to creep back in, in the Post-coronavirus period.

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Due to the coronavirus pandemic and the resultant uncertainty looming across the globe, the market is highly volatile. A huge boost in trading volumes is witnessed as investors scramble to move away from their respective positions, amidst fears of a global recession. The popular online trading platform Plus500 Ltd, doubled its customer base in the first three months of 2020, which means a whopping six times rise in its revenue. The number of active customers increased from 97,921 to 194,024.

The first-quarter revenue of Plus500 Ltd. soared as customers traded in the highly volatile market. Plus500 is a company based in Israel and is best known for sponsoring Spain’s Atletico Madrid Soccer team. It deals with CFD’s or contracts – derivatives, which are hugely banned in the United States. These are used by traders to wager on stocks, commodities, and bonds.

Plus500 Ltd. is a mobile trading platform which enables customers to make leveraged bets on different financial markets, which include currencies and oil as well.

Plus500 jumped close to 500% in the 1st quarter. The broker reported a huge revenue of $316.6, in the first quarter of March 2020. This exceeded the expectations of the analysts hugely who had put forward a figure of $185m up from $53.9 which was noted in the same time, the previous year. This amount is said to be almost 90% of the company’s total revenue in the year 2019.

According to Plus500, this surge was due to the significant increase in volatility throughout the global financial markets. This has resulted in higher levels of customer trading activities along with increase in new customer acquisition.

The Remaining Quarters of 2020 – An Expected Surge

It is expected that the profits of 2020, will be substantially ahead and beyond expectations, though it is quite a challenge to make predictions amidst the pandemic. According to Asaf Elimelech, Chief Executive – “As we remain at an early stage in the financial year, and there are global markets uncertainties as well as ongoing regulatory changes, it remains difficult to predict the outcome for the full year,”

Several professional traders with day jobs have multiple personal accounts on the trading platform and on rival platforms. This is an effort to earn some additional money after their office hours. Plus500 does not reveal any details about the traders who sign up to the platform. With the cancellation of most sporting events across the globe, more and more people are now turning towards financial betting as an option to earn money.

Plus500 has given an upbeat forecast and hinted that the current surge, which was seen in the first quarter of 2020, will be repeated in other quarters as well!

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