Archive for Investing

How to Use Technology for Business and Investments

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The world is surrounded by technology as there are more and more advancements by the day that are being made. Technology can be used and is used everywhere, including at businesses and when trying to make a business investment.

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There are several ways that businesses can rely on technology, but they all help in growing a business whether that be through making an investment or increasing productivity. These pieces of technology include software that assists in remote work to mobile applications that can be accessed wherever.

Continue reading below to learn more about how businesses can rely on pieces of technology to grow.

Added Security

Businesses can use technology to add to the security of their company, whether that be when investing or when handling complex transactions. For now, the focus will be on investing and awareness.

You can utilize cyber currency, such as bitcoins, to choose an investment to keep your information secure. You can also use applications that will track news headlines to show when it may be a good time to make an investment or buy stock in a business.

Check out https://insidertrades.com/what-is-insider-trading/ to learn more.’

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Increase Productivity

There are so much software and technology available now to increase productivity in your business. This is especially important when you are looking to grow by the creation of a new product or service to ensure that your timeline maintains.

You can dictate documents with voice technology and can file your documents and all information you need within the cloud or via another online drive. There are even specific pieces of software and mobile applications that help you to track time, schedule appointments, keep yourself accountable, and do so much more.

Increase Communication

Through the utilization of technology, businesses are able to maintain communication with customers and increase contact with them. You can set up an email management tool for instance in which you can schedule emails to be sent out to customers.

You can also receive reminders to your devices about when you need to contact a customer in order to maintain that relationship with them.

Finally, use a website or other lead generation tools to have customers input their information so that you can have it right at your hands. This will help you to build relationships so that your business can grow.

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Maintain Finances

One of the most important parts of business growth is in the maintenance of finances so that you eventually make a profit. There are budgeting tools available so that you can keep track of what you are spending money on and where you can cut back.

If you need assistance, you can even send data from a cloud to a financial advisor to help you maintain some sense of stability in the finances of your business. You can also utilize accounting and tax software to quickly and easily complete your documentation and necessary information in easy steps without having to outsource and spend more money.

Marketing

The final way technology can help a business to grow is through the marketing tools that have become more and more detailed and integrative. You can make a marketing plan that you can collaborate with others on and share via the cloud.

Use social media and a blog to add a sense of personalization to your business and draw customers in. Utilize email marketing, online ads that show up in search results and on social media, and much more.

What is great about all of these methods is that they are simple to use and there are even templates available to you.

Final Thoughts

Technology is meant to help in every sector of life, including a business in investing. Most pieces of technology are easy to use and easy to set up so that you can grow in your finances and can grow your business in the long run.

If you are not utilizing technology as you should, consider one of the methods of use that is found above. You will see positive results from the steps you take in the use of technology in your business and when you invest in others.

Types of Personal Finance Goals to Help You Reach Freedom

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The global crisis has shifted the way we think of many things we used to take for granted. Finances are one of the top concerns during times of uncertainty.

Many people have lost their jobs due to the outbreak. They are now deeply worried about savings, expenses, bills, and the usual do’s of any person of legal age. The landscape is more worrisome for those with children and relatives, depending on their income.

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How Can You Master Your Finances?

In this article, we will teach you some key pieces of advice you should embrace in 2020. It all starts by taking one step at a time. You start small, but eventually, you will get to your personal financial goals. First, let us summarize what kind of goals you should set: personal, professional, or other. The following are some examples you can note down:

  •  Become financial free in 10 years,
  •  Save up to 30% of your income,
  •  Be able to spend holidays every year.

Of course, financial milestones vary from one person to another; you should focus on finding yours. What makes you happy may not work for someone else. Take a moment to write down some long-term personal finance goals you’d like to achieve.

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Top 5 Tips to Master Finances

Now that you have a big milestone in mind, you can start working towards it. You can rely on payday depot to get your goals sooner. Their short-term loans can come quite handy in times of low liquidity.

These are some powerful tips you can embrace in 2020 to excel at your personal finance goals:

  1.  Increase your savings up to 20%-30% of income,
  2.  Reduce expenses to a viable minimum,
  3.  Work on a side job or a side source of income,
  4.  Manage your money with care and attention,
  5.  Remember that money is not everything that matters.

While having a comfortable lifestyle is good for your health, you need to avoid taking it too far. You need to find a balance between money and comfort in your life. For some people, this implies working 9-to-5; for others, it may suppose traveling the world with a bag. It depends.

Think of what you’d like to focus on. Do you want to improve your professional career? Do you want to help your relatives? Do you need to spend time somewhere else to relax? Then, focus on this financial goal until you reach it.

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Financial Freedom is Possible

First, what does financial freedom mean? This term is commonly used online and refers to a state where you, and only you, are the owner of your money.

This is a condition most people may dream of, but only the most constant in the will can achieve. You need to stick to a method of your own to make it happen within some years.

For instance, start saving today for a course, for those holidays, or your retirement. In some years, when you have an amount of money to sit on, you will thank yourself for this decision and all the effort.

What’s more, you may be able to live from your savings if you reach the needed cash. In that case, you could also think of helping your loved ones close to you. Isn’t financial freedom wonderful? Get started today.

Read More About Personal Finance…

Comment below and let me know about your personal finance journey!

What’s the Story Behind Tim Sykes?

photo of man sitting inside a car with a computer in his lap

photo of man sitting inside a car with a computer in his lap

Source: Tim Sykes’ Instagram

Tim Sykes is a name that stirs up quite a debate among stock traders. Some view him as an overhyped wanna-be rich kid that can’t go more than three Instagram posts without posing in front of a private jet or bragging about his supercar.

Haters are going to hate. And that’s fine. To each their own.

via GIPHY

But anyone that has taken the time to get to know Sykes through his stock programs and videos will quickly understand he is much more than flashy cars and exotic vacations. The real Sykes is a hard-working penny stock pro that earned every dollar by providing value to anyone who wants to learn from his experience.

And he also happens to have an excellent taste on how to spend his money. Check out this story.

Why Tim Sykes Teaches Instead Of Trading

There is a famous saying that many think apply to Sykes. The saying goes “those who can, do; those who can’t, teach.”

If Sykes is such an incredible penny stock guru why would he be wasting his time selling $300 courses? Surely, a trader like Sykes can make 30 times that amount before lunch — on a slow day.

This is a legitimate question on the mind of the vast majority of would-be students. Watching a few hours of his videos and interviews leads to the conclusion that Sykes is looking to create a business. No, an empire.

Sykes made his millions before graduating from university. He made even more money afterward and from what I observed, the novelty soon wore off. What’s the difference between $3 million in the bank and $4 million?

I wouldn’t say Sykes got bored with full-time trading, rather he recognized his unique skill can help others achieve their financial goals.

Sykes wants to find people who will dedicate a year of their life to studying HIS techniques, principles, and strategies. You can tell he doesn’t fake the pride in his voice when talking about his apostles who made millions of dollars like Tim Grittani.

Sykes made a select few people very wealthy, many more people have become rich, and even more are living a comfortable life trading from their homes.

Sykes Sells What He Knows

What I like the most about the many products Sykes sells on his website Profit.ly is that he sells knowledge. He isn’t selling cheats, hacks, unicorn dreams, or made up strategies that make sense only on paper.

Sykes doesn’t believe there are any shortcuts to success in trading penny stocks. Because there aren’t, as many unprepared traders can attest to. I could have been one of those that felt mentally prepared to conquer Wall Street after watching a few free tutorials from other educators only to have my account blown up in days.

Everyone quickly realizes that when it comes to anything free, you get what you pay for.

What’s great about Sykes’ educational program is how it is divided up by topic. Sykes teaches some of the basic courses, like how to short sell a stock and how to best identify stocks that are poised to breakout.

Sykes puts everything on the table in his videos. What he knows, he teaches with passion. Imagine being able to learn the inside strategies scoop on what it takes to make millions of dollars?

Sykes also counts on a select handful of other hand-picked trading gurus to diversify a bit from Sykes’ penny stock expertise. They offer the same passion Sykes brings, especially when it comes to some of the shall we say less exciting topics. One that particularly comes to mind is how to read a U.S. Securities and Exchange Commission regulatory filing.

Michael Goode, a millionaire student of Sykes, mastered how to analyze SEC filings to identify potential stock scams. Personally, I find this to be one of the more important videos because let’s be honest, few people want to learn about SEC filings and even fewer want to read them.

This creates a unique opportunity to make money where no one else is looking. The concepts learned can apply for day trades, swing trades (days to a few weeks), or to long-term holdings.

Final Takeaway: Learning Is A Long Process

Anyone that spends a few weeks reading how to play the piano won’t expect to be any good at first. The same holds true for trading.

There is actually a theory popularized by New York Times bestseller Malcolm Gladwell that states it takes 10,000 hours of practice to master a skill. While the exact figure has been hotly contested over the years, it is evident that new traders need thousands of hours to hone their skills.

Sykes couldn’t make it any clearer that he isn’t interested in anyone who feels otherwise. Anyone looking for a get rich quick scheme needs to find another teacher. The path towards becoming a profitable long-term trader is not possible without putting in the extra homework when the market is closed for the day.

Sykes can only teach those who want to learn so much. Successful trading is about mastering techniques that can be duplicated over and over and over again. But the only person who can perfect the strategy through proper risk management is you.

Sykes can’t and won’t trade your money. But he can give you all the knowledge needed to succeed. The rest is up to you.

Securities Demystified

When learning about investing, people hear a lot of terms. It is easy to get confused. When discussing securities, you’re basically just talking about things you already know but haven’t realized it. Equities fall into two basic categories and combine to make a third category. The following is a brief overview of these categories and if you’re interested in actually investing, you should talk to someone with tax trader status. It’s important you get advice before putting any money into any form of investment.

Equity Securities

Equity securities refer mostly to stocks: publicly traded shares of ownership of a company, partnership, or trust. The investor makes money from selling the shares at a higher price, also known as capital gains, or by receiving a dividend from the entity issuing the shares. Dividends are a portion of the entity’s profits spread out amongst the shareholders.

In short, equity means profit, so buying equity security means you have a way to make a profit from the investment. Be aware of any profit made from investing in equity securities, because they can be subject to taxation, even dividends. This is called a capital gains tax, and it can be anywhere from 0%, 15% or even 20% depending on income and filing status. Make sure you get help when preparing your income tax return in order to avoid having a high tax bill because you made a mistake somewhere.

Debt Securities

Debt securities mainly refer to bonds. This doesn’t mean you go into debt investing in these, not unless the entity issuing the bond goes out of business. No, it refers to the fact the entity issuing the bond goes into debt issuing the bond. They are using the bonds as a way to raise money, and when the bond comes due, they owe you the money you loaned them plus interest. Bonds are safer than stocks, but only if the entity remains solvent over the life of the bond.

Hybrid Securities

Hybrid securities are a combination of both stocks and bonds. An example of a hybrid equity security is an equity warrant. These allow shareholders to buy shares at a special price during a specific time such as a limited time sale on shares.

An example of a hybrid debt security is a convertible bond. These are bonds that can be turned into shares in the issuing entity. Entities will issue convertible bonds when their money is tight but their stock is on the rise. The bonds are converted into common stock shares in the hopes the price of the stocks they are converted into will be higher than the market price of the stocks thus encouraging the holder to sell. This then greatly reduces the entity’s debt.

Five Ways to Invest for Retirement is a great article to read about the basics of investing if you want to do further research on the topic of investing in general. The author, and the site, both have a lot of useful information about investing, and not just in securities.

To learn more about securities and the market they are traded in, Investopedia.com explains more about the SEC, the Securities and Exchange Commission.

The information above is just a trio of the types of securities you can invest in. There are more, far more, but these are the best ones for the beginner. They will help you get a toe wet in the ocean of investing and get some experience to keep you from drowning. Securities trading and investing isn’t something to be scared of. They are just another vehicle to make money for retirement, or anything else you need money for and have time to save.

This article is only intended to inform, not to advise. Investing is not a sure-fire way to make money, and everyone has their own reason for wanting to invest. Knowing how much you have and how much risk you want to take, along with having more than a passing idea of what investing entails, will go a long way in helping you make wise decisions about what to do with your money.

Investing in Times of Volatility: A Look at P2P Lending

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2020 has brought on its fair share of volatility, as was evident with the coronavirus stock market crash in March, where the S&P 500 index fell by more than 30% after reaching record highs just the month before. This is a harsh reminder of just how volatile the stocks and shares market can be at times.

If you?re looking to diversify your portfolio with alternative investments that are less prone to volatility, P2P lending could be a viable alternative to add to your list of choices.

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How Does P2P Lending Work?

Peer to Peer platforms offer quick, personal and accessible loans to individuals and business owners through an online platform. Additionally, P2P investors in the UK can make tax-free returns* on their investment as a result of the government?s IF-ISA arrangement.

This arrangement allows investors to invest up to ?20,000 within a tax year, without having to pay capital gains tax on returns accumulated during the course of this period.

A Viable Alternative in Volatile Times

Peer to Peer lending is a viable investment alternative in volatile times.  Look at how it performs relative to market volatility, as well as considering its direct involvement with the property market.

Providers continue to mitigate investor risk by maintaining high levels of due diligence on new loan approvals*. They also provide additional support for borrowers who may be struggling to meet payment deadlines.

P2P Investments and Volatility

P2P investments are less prone to volatility as a result of borrowers needing to service their loans regularly*. While the coronavirus pandemic may mean that payments are delayed, this won?t necessarily have a bearing on the investors? payout at the end of the day*. The same can?t be said for all types of investments.

Investments Secured by Property

P2P lending allows for investment into loans that are secured by property. If the borrower defaults, it will only take a few months for the P2P platform to sell the property in order to recover costs*.

Finding a provider that holds first legal charges (meaning they are first in line to take control of the property in case of a default) is a great way to get additional peace of mind**.

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Increased Support for the Property Market

It?s also useful to note that support for the general property market has remained steady, even amidst the pandemic.

The FCA has announced a three-month payment holiday for homeowners and landlords. The Bank of England has also cut its interest rates for mortgages to a historic low of 0.1%pa, providing additional short-term relief.

Stringent Credit Committees

P2P lending platforms have stringent credit committees to vet each loan before it is approved.  Platforms are covering all bases before approving new business loans to ensure that they are viable. This is another means of increasing investor confidence.

Additional Support for Borrowers

Peer to Peer platforms tend to offer a more personalised service than banks, working with borrowers to help them find suitable solutions in unpredictable times.

Additional support is typically available through the Collections team of any provider – they can help find an appropriate solution in case a borrower is struggling to meet payment deadlines***.

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Getting Curious About Other Investment Types

In times of uncertainty, and especially with the increased volatility of the stocks and shares market during the coronavirus pandemic, investors have a responsibility to get more curious about finding alternative options to continue growing and diversifying their portfolios.

As the key factors in this article suggest, P2P lending is one of the prospects worth keeping in mind during your decision making process.

*Capital is at risk.  HMRC Rules Apply. 

**Securing investments against UK property does not guarantee that your investments will be repaid and returns may be delayed.

***Failure to meet the repayment criteria of a loan could result in the security being repossessed