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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By financen | May 1, 2020 - 7:33 am - Posted in Accounting

Accountant

It takes a lot to become an accountant. It might not save lives, but it can help a lot of people differently. First and foremost, you have to be good with numbers. Not everyone is gifted in understating math, along with its functions and equations. Accounting thrives on numbers and calculations.

Second of all, if you want to succeed as an accountant, you’ll have to be willing as well. It’s no use studying this type of science if you don’t have the desire for it. The economy rests on the shoulders of accountants.

Moreover, even if you don’t want to be one, you can benefit from their service immensely. If you own a business that you want to see it succeed in the future, then you’ll need the help of an accountant. Luckily, hiring one is not difficult. Read more on this link.

All you need to do is to do some research online and pick a licensed business that offers such a service. Also, you can hire them individually. A lot of them are their own bosses and use ads as a means for you to contact them. Whatever way you choose, you can benefit and learn a lot from their service. Here are some of the most essential things that accountants do:

Help the growth of your business

Accounting

The reason why people open up a business is to earn more money. But, that’s not all it takes to start gaining income. If it were that simple, then everyone would become a business owner. Working with an accountant and taking their advice can start growing your business.

This means that they can start controlling your income and offer a financial plan to help you earn more money in the future. Of course, every suggestion or recommendation they make will be consulted with your first.

Handle tons of paperwork

You won’t always have time to take care of the paperwork that continually piles up in your office. Running a business relies on many obligations, and you can’t do them all. Plus, some of them you won’t be able to do because you don’t have the knowledge for it.

Controlling your income should be a priority handled by professionals. Any paperwork related to finances should be dealt with by the hands of experienced accountants. This way, some of your responsibilities can be reduced, and it will give you peace of mind knowing that your money is in safe hands.

Reduce errors

Not everyone is skillful and knowledgeable enough to handle accounting documents like a Hornchurch accountant. This way, errors can arise and further complicate things. The worst-case scenario is that you can end up losing a lot of money and eventually end up bankrupt. This is not something you want happening to your business, which you’ve worked so hard to achieve.

Hiring an accountant can help in reducing errors with numbers and proceed to run things accordingly and accurately. Accountants do a thorough job of examining all of your accounting documents and fix whatever needs fixing.

Reduce unnecessary costs

You might be spending a lot of money on something that is neither beneficial nor efficient for the growth of your business. Sometimes, these inconveniences can’t be detected by a person that doesn’t have thorough understating of finances. Basically, you lose more money than you gain.

On the other hand, an accountant can detect the error and advise you on what to do next. All of that wasted money will no longer become a problem. Instead, you can reduce the cost and start saving to expand your business in the future, if it comes to that. Follow the link for more details https://www.nytimes.com/2020/02/14/smarter-living/wirecutter/find-best-cpa-tax-accountant-near-me.html.

Create a financial goal

What business owner doesn’t want to succeed even further? For that to happen, you’ll need the expertise of an accountant. They can create a financial plan for your business and teach you how to control your income. As long as you abide by the financial plan, then you can achieve your goal.

It will definitely help if you listen to their advice because they have a thorough understating of the economy. They know how businesses function and what is best to help them grow even more in the future.

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By financen | April 18, 2020 - 6:05 pm - Posted in Farming

Farming is one of the hardest lifestyles to maintain, but the right shop tool can make the biggest difference. If you are going to be replacing items or adding tools to your shop, here are some of the most suggested pieces to include. For some of these, there are options to buy cordless, electric, or pneumatic power. To choose a pneumatic option, make sure you have invested in a farm and fleet air compressor Jacksonville FL suppliers carry.

A Service Truck

You may have a tractor and other large pieces of equipment on the farm, but you need a service truck to make your rounds or keep the needed maintenance items on hand. You don’t need the latest model, but you should have something with enough horsepower and tire traction to make it through fields or rough roads. A service truck allows you to make your shop portable, carrying a generator, oils and fluids, hydraulic crane, or an air compressor.

A Power Washer

The farming environment exposes your equipment to lots of dust and debris. A power washer is a must-have for keeping things clean. This equipment is especially useful in helping to maintain hydraulic systems and engines. Keeping things clean reduces the possibility of breakdown from contamination.

A Dual-wheel Dolly

Some of the things you have to remove and replace on farming equipment are much too heavy for one person to do alone. With an investment into a dual-wheel dolly, equipped with a hydraulic jack, you can take care of the heavy projects on your own. It will save your back and your time.

A Cordless Impact Gun

This gun is just like a cordless drill, but its an impact. Normally, these drills are connected to an air hose in a shop. However, you need the versatility to get up and go on the farm. The cordless design lets you work wherever the equipment is, but the speed and strength reduce your physical efforts and speeds up your work time.

Consider an investment into one of these items to make your farming venture more efficient.

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There are endless “tips” on the internet on how to navigate through the rough waters when you are hit by the economic tsunami. While some advice is helpful, much of it focuses on how to manage what’s left of our finances during the downturn, and not to make short term blunders at the expense of long term wisdom.

The question is how do we stay focused and grounded in the middle of such a major change? Here are some helpful tips for sailing upright during this time of financial crisis.

1) Making small things big: First and foremost, it is important to find joy in the seemingly mundane. It is in your everyday life where you find the actual joy. Spend quality time with your friends and family, love your pets, and be with your friends who make you laugh. Do all those fun activities that are free. You can often go to the park for a stroll or roll in a pile of leaves. Do all those things that make you feel happy.

2) Investing in you: Instead of listening to the investment advice on news channels and checking on your retirement account every few hours, invest on yourself. Learn a new hobby that you always wanted to learn, maybe cooking, or a new language, or web designing or pottery.

3) Connecting with community: Many a times, people go to the state of depression and anxiety when they are in the fear mode. During this time, they tend to withdraw and hide out. It is good to spend time alone, but disconnecting from people can be deadly. Don’t get isolated. Be in a community near you. The key is to find people with similar interests and values, and where you feel safe.

4) Thinking long term: The economic cycle, like the average life span of a human being, tends to run in 5-8 year increments. If you look back on your life cycle and think in terms of 5-8 years cycle, you see major changes happening to you, like being in relationships, careers, your kids development etc. it important that you craft a vision for the future and think about the next great decade.

5) Living in the present: While you are thinking long term, it is also important that you think about now and maintain a balance. You must think about a bright future over the long haul, while you are living your life in the present.

6) Reconnect with nature: Being with nature is soothing, healing and grounding. Enjoy your life when you are connected to the great outdoors, because nature is a very good tool for healing.

These are just a few of the many tips that you can do to stay centered, grounded and even happy as the storm passes.

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