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What Does the Future of Cryptocurrency Look Like?

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moneyvests
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What Does the Future of Cryptocurrency Look Like?

What Does the Future of Cryptocurrency Look Like?

 

 

Crypto experts have identified 2021 as a “breakthrough” year for cryptocurrency in many ways.

Public interest in crypto boomed worldwide that year, permeating not only investing discussions, but also popular culture through social media networks, instant messaging platforms, and memes.

The largest cryptos in the world, Bitcoin and Ethereum, both managed to ride this surge of interest successfully and achieve all-time highs in the latter months of 2021.

Governments around the world, most notably the Biden administration in the US, also began to express increasing interest in new crypto regulations.

In contrast to the promising and highly exciting climate of 2021, the first half of 2022 has been largely sobering for the crypto market.

Bitcoin and Ethereum are now down more than 50% from the highs of late last year, and the crypto market as a whole has largely stalled, with only a few intermittent surges.

Many experts say most coins will likely continue to depreciate in the near term before the industry sees any sustained recovery and eventual growth, though nobody can tell for sure.

Cryptocurrency’s famous volatility makes it hard to predict where things are headed in the long term.

Even so, experts are watching for developments in areas like institutional adoption and regulation to get a sense of what the crypto market will be like over the coming months. Here’s what they project about the future of crypto so far:

Continuing Price Volatility Even for Larger Coins

The crypto industry has come a long way since the invention of Bitcoin in the early 2000s. Nowadays, there are thousands of altcoins available for investors to choose from.

Certain specialty crypto projects promise specific benefits, such as faster transactions or lower fees.

One especially successful altcoin is the privacy-focused Monero (XMR), which enables users to send and receive the coin completely anonymously through a dedicated XMR wallet. At this point, it’s safe to say there’s a crypto project out there to suit the investing interests of every potential trader and then some.

Be that as it may, it makes sense for crypto traders to continue looking at the largest and most popular coins as indicators of the market in general. This is because the cryptocurrencies with the largest market caps tend to set trends that dictate the movement of the market as a whole.

After riding high in the last months of 2021, the value of Bitcoin and the broader crypto market have been sinking all throughout 2022. This is due in large part to adverse macroeconomic conditions like rising interest rates and inflation, recession fears, and an increasingly unsteady stock market.

Extreme price swings from high to low and back again are extremely common in crypto, which is why experts advise investors to play the long game. Buying crypto for its long-term growth potential can make it easier to weather even extreme short-term price fluctuations.

Maintaining a long-term perspective also helps keep investors from making rash decisions in the face of price swings that may ultimately lead to losses.

More Regulation Worldwide

Governments around the world are searching for ways to make using crypto safer for legitimate investors and harder for cybercriminals. Hence, cryptocurrency regulation continues to be a hot button topic for legislators and other government officials.

In the United States, for instance, the Biden administration has urged government agencies to do more research on the “responsible development” of cryptocurrencies and other digital assets via an executive order issued in March 2022.

American legislators are also looking into ways to improve investor protection around crypto service providers, feasible ways to report virtual currencies on tax returns, and other salient regulatory concerns.

While crypto regulation continues to be a contentious topic within the industry, many experts say it could ultimately benefit both individual investors and the sector as a whole.

Clearer laws and guidelines to govern crypto could bring greater stability to what has historically been a notoriously unpredictable business environment.

Balanced regulation also has the potential to minimize fraud, protect investor interests, and even encourage innovation.

More Widespread Institutional Adoption

At present, it doesn’t make sense for most people to buy goods and services using cryptocurrency.

As more companies come around to the idea of supporting crypto payments, however, that landscape might well change in the future. As institutional adoption rises and crypto gains more utility for everyday users, its value is also likely to increase significantly.

More and more companies across a range of industries are also taking interest and even investing in both cryptocurrency and its core technology blockchain.

From retailers accepting crypto payments to fintech companies allowing users to buy and sell crypto on their platforms, interest in crypto and institutional buy-in are steadily increasing.

Experts predict that the support of large corporations could propel the crypto industry’s global credibility to game-changing heights.

Whether you’re a seasoned investor, a novice crypto trader, or simply an interested observer, it can be exciting to speculate on what value cryptocurrency might have in the coming months and years.

One important thing to remember, however, is that crypto remains a young and constantly changing industry. Without much history to base predictions on, it’s still best to do lots of research, invest cautiously, and keep your eyes open for new developments.

 

 

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The Used Car Buyer’s Checklist

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moneyvests
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The Used Car Buyer’s Checklist

The Used Car Buyer’s Checklist

 

There are so many benefits that come along with choosing to buy a used car over a brand-new model, one of the biggest is that you could make huge savings. But it also carries a few risks – if you’ve made the decision to buy a used car, you need to make sure that you’re going to get the best deal for you.

Knowing what to look for when you’re viewing a used car is essential so that you can make sure you’re getting the right deal before you commit to your purchase.

If you’re choosing to purchase a used car from a dealership, the process is generally easier due to the level of preparation and aftercare, as well as offering you finance options regardless of your credit score, like car finance for bad credit. Here is a list of things to look out for when you’re buying a used car.

Garage or private seller? 

When you’re buying a used car, one of the first things you need to decide is where will be best to purchase it from – a garage or a private seller? There are a few things to consider helping you make this decision.

Think about what you need to use the car for, if it’s a family car that you intend to use for a lot of years, it might be better to purchase from a dealer that can offer aftercare and security that you’ll find with used car garages. If you’re looking for a lower-priced run around that you may only use as a stopgap or to learn to drive in, looking for the cheapest price may mean sacrificing the care you get from a garage.

If you do choose to use a private seller, it is important to be aware that a lot of them may not take as much care to prepare the car as garages will.

When you’ve made the decision on where you’re going to purchase your used car, you’re going to need to know what to look for when you’re viewing it for the first time. Here are a few checks that you can do when viewing a used car to make sure it’s the right choice for you.

  1. Dents and damage 

When you’re viewing your chosen used car, checking for any damage is essential. You should make sure that you’re inspecting the car in daylight so that any dents or scratches can be seen easily. If you do find any damage to the car, don’t be put off by small scrapes as these can be fixed easily. What you should do is use them to your advantage, and any damage that was not advertised when you chose to view the car can be used to haggle and may end up getting you the car at a lower price. Make sure you check the bodywork and the wheels for any signs that they’ve been curbed in the past.

  1. Tyres 

Arguably one of the most important factors when you’re buying a car. It’s worth getting down to inspect the tyres as closely as you can. Some of the things that you should be checking for include the amount of tread that they have – if they have below 3mm of tread you might have to consider the cost of having to change them soon, as a minimum of 1.6mm of tread is required. The more money you’re spending, you’re going to want to make sure you’ve got four matching tyres.

  1. Panel gaps 

When you’re inspecting the bodywork for any scrapes and scratches, be sure to make a note of any gaps in the car’s panelling. This is a good way of identifying if the car has had bad repairs after a crash. Another thing to look for is the colour of the panels, a slight change in colour could also reveal a bad repair job.

  1. Electrics 

When you’re inspecting the car, make sure that you try everything inside as well as outside. Try the windows, the radio and of course, the air conditioning and heating. If one of these elements doesn’t work, don’t be completely put off, they can be repaired – but it’s always good to know so that you can try it out as a negotiating point.

  1. Upholstery 

When you’re inspecting the car, make sure you check the upholstery. As previously mentioned, cars that come from a garage will most likely be better turned out and prepared than if they’re coming from a private seller who may not have the tools or equipment to make as much of an effort with the car. Check the interior for any stains or tears, again these things can be repaired but another thing to be wary of is the smell. Smells can be very difficult to eradicate in cars, especially if the previous owner has been a smoker for example.

  1. Wear and tear

Finally, if you’re buying a used car, a bit of wear and tear is to be expected. You must weigh up whether the amount of wear on the car is consistent with its age and mileage. If the car you’ve chosen has lower mileage, but the wear on the car is heavy, this could be an indication that something is not quite right, and you may need to rethink your purchase.

 

 

Fact Check

 

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How to purchase a car on bad credit

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moneyvests
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How to purchase a car on bad credit

How to purchase a car on bad credit

 

 

So you’re in the market for a new car but have bad credit? Don’t worry, you’re not alone.

A large number of people have bad credit due to various reasons such as job loss, illness, or simply making poor financial decisions in the past.

Fortunately, there are ways to purchase a car even if you need a bad credit auto loan. In this blog post, we will outline some tips on how to go about buying a car on bad credit. Keep reading for more information!

 

1. Check your credit score and credit report

If you have bad credit, you may be wondering if it’s possible to buy a car. The good news is that it is possible to get a car loan with bad credit – but there are a few things you need to know before you start shopping around. 

First, it’s important to check your credit score and credit report. This will give you an idea of where you stand and what kind of interest rates you can expect to pay.

You can get a free copy of your credit report from each of the three major credit reporting agencies once per year.

Next, it’s a good idea to talk to your bank or credit union about getting a car loan. They may be willing to work with you even if your credit isn’t perfect. It’s also worth considering a used car – they’re often cheaper and easier to finance than new cars.

If you do decide to finance a car, be sure to shop around for the best interest rates and terms. And finally, make sure you can afford the monthly payments before signing on the dotted line. A car can be a great asset – but only if you can afford it!

 

2. Shop around for the best interest rates

Many people think that if they have bad credit, they will be stuck with whatever interest rate their lender offers. However, that is not always the case.

It is important to shop around for the best interest rates when you are looking to buy a car with bad credit. 

There are many different lenders out there, and each one has their own requirements and terms.

Some lenders may be willing to work with you even if you have bad credit, so it is definitely worth shopping around to see what is available. You may be surprised at the options that are available to you.

 

3. Get pre-approved for a car loan

Buying a car is a major purchase, and if you have bad credit, it can be difficult to get a loan. Thankfully, there are a few things you can do to increase your chances of getting approved.

One of the best things you can do is to get pre-approved for a loan. This means that you’ll know exactly how much you can afford to spend on a car. 

Additionally, it shows dealers that you’re serious about buying a car and that you’re financially capable of doing so. Another good tip is to bring a cosigner with you when you apply for the loan.

Having someone with good credit co-sign the loan will improve your chances of getting approved. With these tips in mind, you should be able to get the car loan you need.

 

4. Choose a car that fits your budget

Having bad credit can make it difficult to finance a car, but it’s not impossible. There are a few things you can do to increase your chances of getting approved for an auto loan.

First, choose a car that fits your budget. Not only will this make it easier to get approved for financing, but it will also help you keep up with your payments.

Second, try to get pre-approved for a loan before you go to the dealer. This way, you’ll know exactly how much you can afford to spend on a car. 

Finally, be prepared to make a large down payment. Putting down more money upfront will show lenders that you’re serious about repaying your loan, and it may help you get approved for financing.

By following these tips, you can increase your chances of getting approved for an auto loan with bad credit.

 

5. Don’t buy more car than you can afford

Before you start shopping for a car, it’s important to take a close look at your financial situation.

Not only do you need to make sure that you can afford the monthly payments, but you also need to factor in the cost of insurance, gas, and maintenance. 

It’s also important to consider the long-term costs of owning a car. For example, if you plan on keeping the car for several years, you’ll need to account for things like depreciation and interest.

If you’re not sure how much a car you can afford, it’s a good idea to use an online calculator or talk to a financial advisor. Once you have a better idea of your budget, you can start shopping for a car that fits your needs and your budget. 

However, it’s important to keep in mind that even if you have bad credit, you should still try to get the best deal possible. By doing your research and shopping around, you can find a car that’s affordable and meets your needs.

 

 

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Working in a High-Risk Industry? Know Your Rights in Case of an Accident!

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moneyvests
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Working in a High-Risk Industry? Know Your Rights in Case of an Accident!

Working in a High-Risk Industry? Know Your Rights in Case of an Accident!

 

No workplace completely eliminates the risk of injury, no matter what industry you work in. You can also get injured if you work in healthcare, the beauty industry, or education.

The percentage of injuries in such jobs will be negligible compared to high-risk jobs, but the chance still exists.

This article discusses everything related to work injuries and the possibility of compensation: what rights you have in the event of an injury at work, how to prove that the injury was not caused by your negligence and all other relevant issues.

1. What industries are considered high-risk?

As we mentioned in the introduction, the risk of injury is always present, but it is more common in some professions than others.

According to the Occupational Safety and Health Administration (OSHA), these are the top five jobs with the highest risk of injury and death:

 

  • Hunting and fishing workers. It is estimated that the majority of occupational injuries and deaths are due to catastrophic damage to ships, falls from the deck, or unsecured heavy machinery on deck. The statistics are pretty unfavorable for hunters and anglers – 132.1 fatal injury rate per 100,000 workers.

  • Logging workers. Loggers are the second most at risk of workplace injuries, supported by a high fatal injury rate of 91.7. Logging workers must be vigilant because the majority of injuries occur due to the proximity of heavy equipment and vehicles, falling wood, strong vibrations of the saw that shake the whole body, noise, and environmental factors.

  • Roofing workers. The fatal injury rate among roofers is 47. The most significant risk roofers face is falling from great heights. There is a risk of exposure to toxic chemicals and electrocution from contact with unprotected power cables.

  • Construction workers. When we mention work-related injuries, we expect construction workers to be the most prone to them, but they still rank a high fourth. Risks include working at heights, moving objects, slips, trips, and falls, noise pollution, vibration syndrome, heavy machinery injuries, and asbestos poisoning.

  • Aircraft pilots and flight engineers. While commercial passenger planes are reliable, aviation injuries often occur in private aircraft and helicopters. Risks include loss of control and accidents on the runway. The fatal injury rate in aviation is 34.3.

 

And now, let’s see what the available options are if you get injured at work:

2. What rights do employees have if they get injured at work?

Whether you’ve been injured at work or suffer from a work-related illness, you have the same rights, and it’s essential to understand them so you can exercise them while you recover and keep your job.

The rights listed below belong to you regardless of the type of contract you have signed with an entrepreneur or company – whether you are temporarily, permanently, or self-employed:

  1. Get medical treatment as soon as possible

Most companies have an employee to provide first aid in the event of an accident. After this person helps you, go to the nearest medical facility where the doctor will record your injuries.

  1. Make a record of the details of the injury

If you are injured at work, you should describe how the injury occurred in your employer’s accident book. You and the foreman will make the minutes. Read everything written, and don’t sign anything that doesn’t match your version of events.

  1. Get Statutory Sick Pay (SSP)

Not all employees will be entitled to 100% of their wages in the event of absence due to sickness or work-related injury, but you are guaranteed by law to receive Statutory Sick Pay (SSP). Check if your employer has registered for SSP; if not, contact your local benefits office for help.

  1. Make a full recovery before returning to work

We often hear of employers forcing workers to return to the workplace before recovery is complete. In addition to being unethical, this kind of behavior is also not legally justified because an insufficiently recovered worker can further endanger his and his colleague’s health.

If your employer is pushing you to return to work, even though you are not yet ready to do so, seek the legal help of an attorney specializing in work injuries.

Even when you are well enough to return to work, if your rehabilitation is not complete, and you are still undergoing physiotherapy or other treatments, you are entitled to take time off work. Your employer cannot deny you this right.

  1. Look for a transfer to a less demanding position

If you do heavy physical work until your recovery is complete, you can ask for a transfer to a lighter workplace. This way, you can return to work and earn a full salary instead of being on sick leave. That will benefit both – your employer and you.

  1. Claim compensation for a work-related injury

You have the right to receive compensation for an injury sustained at work due to mental and physical pain suffered, compensation for the cost of medical treatment, and lost earnings.

Below, we talk more about the right to compensation for an injury at work:

When is an injured employee eligible for compensation?

An accident at work does not automatically mean that you are entitled to compensation; otherwise, workers would abuse this right on a daily basis.

If your employer complied with the duty of care – the legal obligation to protect workers while performing work, there is little chance that you are eligible for compensation.

You are only entitled to compensation if the employer’s negligence caused your injury.

You will have the right to claim compensation if:

 

  • The injury occurred due to a lack of Personal Protective Equipment (PPE)

  • The injury occurred due to defective machinery.

  • The injury happened because you haven’t received adequate training to perform work tasks.

  • You were working without breaks and were too tired to notice the danger.

4. How to prove you got injured because of an employer’s negligence?

If you believe that your employer’s negligence caused your injury, your word is not enough – you will also have to prove it.

The evidence in your favor is the work injury record you and your manager made (remember, the one we told you not to sign before you read it carefully), medical records of your injuries, and proposed treatment options.

Your colleagues’ testimonies are also relevant evidence. Still, in practice, colleagues often do not want to testify because they fear the employer’s retaliation – dismissal.

Photograph the accident scene, with particular emphasis on what caused your injury. If surveillance cameras cover your workplace, ask for a copy of the video showing how the injury occurred.

5. Can an employee get fired for claiming compensation after an accident at work?

Many employees are afraid to seek compensation for injuries lest they lose their jobs. If your employer’s negligence caused your workplace injuries, you absolutely have the right to file a compensation claim.

The compensation is not paid by your employer personally but by the insurance company. In court, your lawyer will prove to the insurance company how you sustained your injuries, not to your employer.

If your employer fires you or initiates disciplinary proceedings against you, notify a lawyer ASAP. A lawyer will file a wrongful termination lawsuit, after which you will be reinstated.

6. For what kinds of injuries can you claim compensation?

If your employer’s negligence caused your injuries, you are entitled to compensation for general and special damages.

General damages include pain, fear, suffering, reduced life activity, and disfigurement. Special damages refer to compensation for medical expenses, travel expenses for medical treatments, lost earnings while you were on sick leave, etc.

The law has provisions that cover all losses due to work-related injuries. For example, disfigurement compensation: if an injury leaves you with scars in any visible place, which will negatively affect your physical appearance, you can claim compensation for mental anguish as you have to accept your new appearance.

The same applies to any other fees you may claim. Lost earnings because you didn’t go to work will be reimbursed, as will the physical pain you suffered and travel expenses to and from sessions with a physiotherapist or psychologist.

7. What is the time limit for claiming compensation?

There is a time limit for filing a claim for compensation due to a work injury. This deadline is three years from when the injury occurred, or the doctor diagnosed a medical condition that is a consequence of your work.

For example, if you were exposed to a noisy environment on a construction site and your doctor diagnosed you with significant hearing loss, you may be able to claim compensation.

Of course, it is best to seek compensation as soon as possible because t can be increasingly difficult to obtain evidence and witnesses who will work in your favor as time passes.

8. Takeaways

Regardless of your injury, you are entitled to compensation if your employer is to blame for it. Your chances of receiving the highest payment and fair treatment throughout this process are boosted if you work with an experienced personal injury lawyer.

Law and justice are two different things; a good lawyer knows how to get both.

If necessary, the attorney will communicate with the insurance company and your employer to fight for your rights. They will not accept an unsatisfactory settlement to end the case as quickly as possible, but will ensure you get what you deserve.

Fact Check

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Motley Fool Millionacres: Our Review

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moneyvests
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Motley Fool Millionacres: Our Review

Motley Fool Millionacres: Our Review

Overview

Even as the broad equities and stock market nosedives (to say nothing of the crypto bloodbath), certain alternative investment vehicles continue to see record returns.

 

One of the most profitable and accessible?

Real estate. Some real estate sectors’ value has increased over 200% over the past few years.

It’s not too late for real estate investing, as no matter what happens, no one is creating new land.

But real estate is complex, full of old money investors, and requires enormous capital outlays even to get started – all entirely prohibitive for a new investor… right?

Enter: Motley Fool’s Millionacres.

Even though Motley Fool has been around for a few decades, their Millionacres service is the newest of their many offerings, having begun in 2019.

What does Millionacres offer, exactly? Simply put, Millionacres makes real estate investing feasible for the everyday investor without hundreds of thousands of dollars, rental management requirements, or constant repairs.

Millionacres provides education, advice, and opportunity to the entire spectrum of real estate investment opportunities through two direct pipelines.

Real Estate Winners

Real Estate Winners is the value option within Millionacres at an annual cost of $249. This is standard for premium Motley Fool offerings.

Real Estate Winners is like Motley Fool’s flagship Stock Advisors service and sends a weekly investment opportunity pick (typically a market-traded Real Estate Investment Trust, or REIT, that is tradable by retail investors). The newsletter also includes some standard, basic real estate investing information.

Millionacres Mogul

This is the cornerstone of Motley Fool’s real estate services. Instead of a weekly stock pick or two, Millionacres Mogul gives you Motley Fool’s exhaustive and actionable real estate research and recommendations that include:

  • REITs and other real estate stocks
  • Information about private equity real estate investment opportunities
  • A masterclass’ worth of education articles and resources that tell you everything you need to know about real estate investing.
  • Recommendations for crowdfunded real estate opportunities.
  • Strategies, due diligence, and capital market assumptions.
  • Invitations to private events held only for subscribers.

In short, Millionacres Mogul is the perfect choice for either the existing sophisticated real estate investor or an experienced investor looking to break into real estate. The downside? Millionaire Mogul will return gains through real estate but at a cost – a steep $2,999 annually.

This makes entry impractical for a newer real estate investor. Instead, we recommend these investors investigate the much more affordable Millionacres Real Estate Winners.

Downsides

Aside from the price, there is a downside to Motley Fool’s Millionacres duo and that is their marketing strategy. It’s a bit aggressive, and we found ourselves having to turn off the upselling request emails to add additional Motley Fool services. This is though, to us, a small inconvenience for the significant upside both services within Millionacres offer.

Millionacres Moguls: The Bottom Line

In our opinion, Motley Fool’s breakout real estate services are the perfect opportunity for an investor looking to develop a safe, reliable, and diversified portfolio.

The standard investor looking to capture capital gains through traditional portfolio management, i.e., buying and selling stock, should explore Real Estate Winners. This is an affordable entrance into REITs and real estate, fitting in well with an existing portfolio.

Experienced real estate investors, or someone looking to break into the market, should consider the premium Millionacres Mogul. At a much higher price, Mogul will do the work for you – educating and partnership on the path to financial freedom through real estate investing.

Ready for your breakout entrance into the world of real estate?

Click here to join Millionacres today.

 

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Tax Advantages of Owning a Cargo Ship – Business Insider

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Tax Advantages of Owning a Cargo Ship - Business Insider

Tax Advantages of Owning a Cargo Ship

 

Are there any tax advantages to owning a cargo ship? The answer to that question depends on your specific circumstances.

For example, is owning a cargo ship more profitable than leasing it? Probably not. However, some companies have found success chartering cargo ships.

Walmart and Home Depot, for example, have used cargo ships for their project delivery needs. So, is it worth owning a cargo ship?

Cost of owning a cargo ship

The total cost of owning a cargo ship can be enormous. Not only is the up-front cost of owning a ship enormous, but it can also vary considerably from year to year.

For example, the cost of a Maersk McKinney Moller cargo ship is 190 million USD, while the costs of operating it total 36,090,000 USD.

This figure does not include insurance, port charges, and manning, which can add up to hundreds of thousands of dollars. In addition to insurance, a cargo ship also requires an agent in each port that handles berthing, fuel, and custom clearance.

Operating costs have increased for most tanker categories in 2013, according to the latest figures published by Clarksons.

In 2013, Handysize product tankers had a daily operating cost of $5222, Panamaxes cost $6117, and Capesizes cost $7,303, respectively. Meanwhile, Feedermax container ships cost $4,491 per day while 1,000-to-2,000 teu container ships cost $5,300 or $7096, respectively.

As global trade has been slumping, the cost of container shipping has also increased sharply. The average cost of shipping a standard large container has climbed to $11,600, four times higher than in July.

This is largely due to trade tariffs between the United States and China. Despite the rising costs, many shipping companies are continuing to compete on price, with prices as low as $581 a box, according to Alphaliner.

Despite rising shipping costs, owning a cargo ship is expensive and can easily exceed millions of dollars.

This is not an investment for anyone with no shipping experience or money to spare. And with a higher risk of failure, owning a cargo ship could be a complete loss, so it is better to rent one than to make an investment.

However, there are benefits to owning a cargo ship. There are many benefits to chartering a ship as compared to owning one, including greater flexibility and fewer risks.

The shipping industry typically steams from a short boom to a prolonged bust. In early 2019 however, the industry had been enjoying a rare period of self-discipline.

BIMCO, the shipowners’ association, reported that by February of this year, a majority of global shipping firms had already begun to idle nearly a quarter of their fleet. Then, as trade remained strong, shipping rates climbed and the American economy spent stimulus cash.

The cost of owning a cargo ship depends on the port and the distance it has to travel.

A good way to estimate the costs is to estimate the length overall. This length includes the bow and the stern.

While the ship’s total length is relatively small, the cost of owning one can be substantial. This article will discuss some of the benefits and disadvantages of owning a cargo ship and the associated costs.

Cost of leasing a cargo ship

Leasing a cargo ship can be an affordable way for a business to expand its capacity. With container shipments rising by more than 30% a year, demand is expected to rise even more.

In the recent past, prices for everything from coffee to cars have been higher, and the industry is no exception.

In the recent past, shipping companies have leased out their vessels for record-high rates. Xeneta’s ocean freight index showed that long-term charter rates are reaching record highs.

Leasing is often a better option than buying, because the rate of technological change is low.

Ship owners can avoid the risk of premature obsolescence by ensuring that their ship is always up-to-date. Furthermore, the cost of ownership is low compared to the return a lessor earns from running a fleet of vessels. But the process of leasing a cargo ship isn’t as simple as it may seem.

While there are various factors that determine the rental price, there are several common factors that influence the cost of shipping containers.

The market rate of shipping containers, the number of containers on board, the pick-up and delivery locations, and the region the container is being shipped to affect the price.

In addition, it may cost an additional $75 to $125 to deliver and pick up containers on the same day. One-way leasing offers flexibility and avoids additional costs for repositioning.

The cost of chartering a cargo ship can run anywhere from $130 million to $150 million per vessel.

The cost of a cargo ship can also be expensive, but it is worth the price to ensure that goods are delivered on time. However, there are risks and complications that you must consider.

These issues can lead to significant delays and costly mistakes. So, consider the benefits of leasing a cargo ship as your business grows.

When it comes to financing the purchase of a cargo ship, leasing is an excellent option for financially sophisticated businesses.

During a financial crisis, banks may have difficulty funding a new ship, and leasing offers a more flexible way to access funds.

Whether or not the leasing option is right for your business depends on the terms of the lease. However, the best way to make the best choice for your business is to speak to your finance manager and learn more about the terms of your leasing deal.

A container lease from China to the US, for example, will set you back about US $720 per container. While the same vessel can be leased from China to any destination, you should always consider renting a ship if you do not plan to ship goods on a regular basis.

The costs of renting a cargo ship can vary greatly depending on the size of your shipment. One-way leasing is a great option, because it avoids the expense of repositioning a container.

Additionally, one-way leasing allows you to use a box for one trip only and not return it. Moreover, this option also offers fewer per-diem charges.

Tax implications of owning a cargo ship

Owners of cargo ships must file their taxes. Among these taxes are SS 4.20 Tonnage taxes. Whether you are the ship owner, operator, or carrier, you must keep track of all taxation-related issues.

For instance, you may not want to take out a personal loan to buy a cargo ship. Instead, you may choose to invest in a cargo ship. You should also know that the cost of owning and operating a cargo ship is a large investment.

 

Conclusion

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How Do Ship Owners Make Money? Business Insider

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moneyvests
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How Do Ship Owners Make Money? Business Insider

How Do Ship Owners Make Money?

 

If you are thinking of purchasing a cargo ship, you will need to determine the type of trading you will engage in. After conducting market research, you can calculate the total capacity of a ship.

Whether a few large ships are needed or a large number of smaller ships can be profitable, is determined by economic examinations.

In the free market, the freight rate is the rate paid by ships. In return, a ship owner can earn a profit by selling or leasing its freight.

Cargo ship owner pays entire vessel operating expense

In many cases, cargo ship owners are responsible for the whole cost of running a cargo vessel, including insurance and other expenses.

However, there are ways for cargo owners to protect their rights and manage costs. Here are some tips to consider.

1. Make sure cargo is insured. Make sure the cargo is insured before the vessel departs. Otherwise, it may lead to delays and loss of cargo. Also, consider posting security at the discharging port.

Some special purpose shipowners employ their ships exclusively for one particular purpose, such as carrying oil and gas.

Other special-purpose shipowners own fleets of vessels designed for hauling iron ore, cars, or other bulk materials.

These owners are responsible for their entire vessel operating expense, and their lack of flexibility can increase the cost of industrial operations.

This trend has decreased in recent years. However, shipowners of these special-purpose vessels are still a significant portion of the industry.

Fortunately, there are ways to minimize the impact of sacrificial losses. The level of sacrificial loss is unknown at the end of the voyage.

Typically, ship owners will request that cargo owners provide security for their contributions. Such security can be in the form of cargo insurance policies.

Additionally, the cargo owner’s contribution is based on a percentage of the commercial invoice value, which can range from one to 100 percent. In most cases, the cargo owner’s contribution is guaranteed as long as the owner has adequate marine cargo insurance coverage.

Another option for compensation is a voyage charter. Under a voyage charter, the ship owner hires the vessel for a specific period of time.

The charterer has full operational control of the vessel during the time period and pays the fuel, port charges, cargo handling costs, and other expenses. It also pays the charterer’s crew and insurance costs. In return, the cargo ship owner pays for any delays that occur in loading and discharging ports.

Timing the purchase and sale of ships

There are many ways to profit from ship markets, and timing the purchase and sale of ships is one of the most lucrative ways.

In recent years, markets have been strong, and investors expected higher earnings and stronger cash slow streams. In just a few years, ship values have tripled and doubled.

If you know how to time the market, you can double or triple your profits. Here are four examples of how to time the purchase and sale of a ship.

The first thing you need to do is understand the markets. A good idea is to focus on the market for tankers and bulkers. Both tankers and capesizes are selling at reasonable prices, so the timing of the purchase and sale is crucial.

In today’s market, it may be a bad idea to borrow money from a credit fund or another asset. It’s like playing with fire. It’s better to invest in assets that are likely to go up in value over time. Investing in these assets requires a good plan.

Ship markets feature specific characteristics and function as a market for ship owners and asset players.

The asset players focus on the rise and fall of ship values, and enter the market to profit from these price variations. This increases liquidity in the market and improves the allocation of vessels.

This process can make or break a ship owner’s profits. Just remember that there are risks involved. However, this is no reason to give up just yet.

During the market correction in 2008, assets fell precipitously. Many buyers hoped to acquire vessels at distressed prices, but few actually sold them. In contrast, in the boom years of 2012-2015, the price of newbuilding vessels increased dramatically.

Shipbuilders shared their windfalls with international buyers. By timing the purchase and sale of ships, shipowners can benefit from this favorable market environment.

Purchasing a cargo ship from a shipbreaking yard

Many ships are sold to scrap-dealers, who then bring them to their final destination.

Many of these scrap-dealers have links to South Asian shipbreaking yards and are therefore aware of the vessel’s future fate. T

hey purchase the ship as-is and will manage the crew for its last voyage and any necessary paperwork once it arrives at the yard. But is scrapping the vessel profitable?

The answer to that question is an emphatic yes. 

If a ship is over 25 years old, it will start accruing legal problems, including unpaid claims and liens. This is when the outer anchorage of the delivery port becomes a battleground between ship owners and creditors.

Innocent cash buyers will become embroiled in these battles, which will result in a difficult life for them.

But cash buyers will pay top dollar to the shipowner and will also bear the financial responsibility for any administrative work following delivery.

A cargo ship in a shipbreaking yard will require extensive repairs and refurbishment before it can be put into service. However, if your budget is tight, you may consider purchasing a secondhand cargo ship from a shipbreaking yard.

There are shipowners who are willing to sell their ships at a fraction of their original price, if you are looking for a bargain.

Many of these ships contain hazardous materials that are banned in developed countries. Asbestos, for example, is used on old ships. These toxins are lethal, so removing them is costly.

These hazardous chemicals also require expensive insurance. While buying a cargo ship from a shipbreaking yard is a good investment strategy for many ship owners, it is not for the environmentally conscious.

Recycling is another way to save money. Many ocean carriers have increased shipping costs dramatically since the pandemic began.

Since January 2020, rates between the U.S. and Asia have risen more than 1,000 percent.

These carriers also charge “detention and demurrage” fees, which is when they’re stuck in a port and can’t move their cargo. This means that scrap metal prices have soared.

Laying up ships when market conditions are poor

If you’ve ever wondered how ship owners make money by laying up ships during a poor shipping market, you are not alone. The situation in the shipping industry is not unique in most parts of the world.

For instance, in the 1980s, more than 400 ships were parked at the Greek port of Eleusis Bay.

This location is an excellent choice for laying up ships when the market is in bad shape, because there is usually a shortage of cargo.

In the early 1920s, shipping rates rose sharply, but they soon sank. As a result, owners took part cargoes on board and slowed down their ships to cut fuel costs.

They also used a large percentage of their fleet to store oil, which soaked up some of the oversupply. However, the crisis was only short lived.

By the beginning of the 1980s, the market was again profitable, and the number of mothballed ships made the crisis visible to non-specialists. The problem was exacerbated by the fact that the supply of oil and gas tankers had reached an all-time high.

 

 

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Title Loan Without Registration

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Title Loan Without Registration

Title Loan Without Registration

 

Is it Possible to Get a Title Loan Without Registration?

 

Car registration is a requirement for vehicle owners in almost every state in the country. With a vehicle registration, you are proving to your state that you are legally allowed to drive your car.

And with a car title, you are establishing yourself as the sole owner of the vehicle. But did you know that you can use your title to get a loan? When facing a tough financial emergency, you could use a vehicle’s title as collateral to secure money!

However, if you’re considering obtaining a title loan without registration, you may wonder if you’d still be eligible. If you lost or misplaced your registration card, you can replace it with a new one at your local Department of Motor Vehicles.

There may be a fee to replace it, but you’ll be able to get a new one in no time! Once you obtain a new card, you may be ready to acquire a title loan.

How Do I Get a Registration for a Car?

After you buy a vehicle, you usually receive a car registration from the dealership you buy it from, or the DMV. Yet, when you purchase a car from an individual seller, you would have to register it on your own.

If you realize your vehicle has never been registered, now is the time to do so.

But don’t worry! Registering your car can be much easier than you think! You will likely need the following items to complete a vehicle registration at your local DMV:

  • The Title to Your Car
  • A Certificate of Origin or Bill of Sale
  • The Car’s Odometer Reading
  • A Passing Grade on an Emissions/Smog Test
  • Proof of Insurance
  • A Passing Grade on a Car Inspection
  • Proof of Identification and Proof of Address

Suppose you lost your vehicle registration, or someone stole it. In that case, your local DMV can guide you through the replacement process.

You might only have to fill out an application and pay a fee to get a new copy. Some states will require you to fill out a registration requisition application, which you can find at your local DMV or its website. You may even be able to fill out the request online!

Make sure to contact a DMV representative to complete all the steps needed for a vehicle registration correctly.

Why Can’t I Obtain a Title Loan Without Registration?

During the approval process for a car title loan, you will often have to submit paperwork that verifies your information. That includes your car registration and insurance!

Your vehicle’s registration ensures that you are the owner of the car, and it is drivable. Not only that, but it can also indicate that you can drive the vehicle safely.

In fact, operating and providing safe transportation can affect the market value of your car. The market value can determine the loan amount you’d receive and your eligibility for a title loan.

Keep in mind that you will be allowed to drive your car while repaying a loan, but it must be registered to do so! A registered vehicle will protect the market value and allow you to legally drive on the road.

So if you’re trying to get a title loan without registration, it may not be in your best interest to do that!

Click on this website to learn more about title loans without registration and how you could get emergency cash! If you qualify, you may receive funding in no time at all!

 

 

Conclusion

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What is different Insurance Coverage for Your Home?

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What is different Insurance Coverage for Your Home?

 

What is different Insurance Coverage for Your Home?

 

A specific type of property insurance, homeowners’ insurance, protects homeowners in the event of a loss. Homeowners’ insurance is typically a condition of obtaining a mortgage.

The best homeowner insurance covers theft and other perils, such as fire and storm damage. The policy may also cover the owner in the event of an accidental injury or death.

Generally, homeowners’ insurance covers all structures associated with personal residences (such as tenants and condominium unit owners), not just the home itself.

Insurance Coverage for Your Home

There are a variety of homeowners’ insurance policies to choose from.

 

HO-1 — Basic Form

HO-1 is the most basic form of policy for homeowner’s insurance and is the most affordable. There are no coverages for events outside the named perils in HO-1, a peril plan.

There are only ten risks covered by the most basic type of homeowners’ insurance: fire or smoke, explosions, lightning, hail and windstorms, theft, vandalism, damage from vehicles, damage from aircraft, riots and civil commotion, and volcanic eruption.

Many home insurers avoid HO-1 insurance because premiums for more comprehensive plans are only a few dollars more.

HO-2 — Broad Form

Policies classified as HO-2 cover a wide range of risks associated with owning a home. These policies, like HO-1s, only cover the perils specifically listed in the policy.

It is not uncommon for HO-2 policies to include coverage for personal belongings and personal liability. Insurance policies that cover all of the risks listed in HO-1 are known as broad policies.

On top of that, the HO-2 policy also covers accidental discharges or overflowing water, falling objects, and freezing household systems like air conditioning or heating. Also covered is the unexpected damage caused by an artificially generated electrical current. HO-2 also covers the weight of ice and snow.

HO-3 — Special Form

Homeowners’ insurance policies designated as HO-3s are a unique subset of standard homeowners’ policies. HO-3 is not a named-peril policy like HO-1 and HO-2 but rather an open-peril policy. In other words, unless the insurance company explicitly excludes a peril from coverage, the policy covers any risk, whether or not it is specifically named.

Many of today’s top home insurers offer the HO-3 policy. This type of policy typically covers structures attached to the home, such as a carport or garage. The policy should also cover personal possessions and liability if someone is injured on the insured property.

As a reminder, many insurance companies exclude earthquake and flood coverage from their HO-3 plans and offer them as a stand-alone policy. It is recommended that customers speak with their insurance agent about purchasing separate flood insurance. See if you qualify for private flood insurance.

The HO-5 — Detailed Form.

Homeowners’ insurance policies classified as HO-5 are the most comprehensive. Even though HO-5 and HO-3 are very similar in coverage, there are some essential differences. Complete homeowners’ insurance, like HO-3, is open-peril and covers everything that isn’t excluded from the procedure.

HO-5 pays replacement costs after a claim is filed, while HO-3 only pays out the actual value of a covered item. HO-3 only provides open-peril coverage for the home’s structure, whereas HO-5 gives open-peril coverage to personal belongings and the home’s design. You can also find higher limits of coverage for valuables like jewellery in an HO-5 policy’s coverage.

Depending on the insurer, there may be additional distinctions between the two policies. HO-5 policies tend to be more expensive than HO-3 policies, and fewer homes are eligible for an HO-5 policy.

HO-8 — Older Home Form

For homes that are at least 40 years old, HO-8 policies are the most common type of insurance. Materials required to rebuild a house built decades ago are often more expensive than the house itself. Consequently, insurance companies use this home insurance to provide affordable coverage to homeowners with older properties.

For example, HO-1 and HO-2 use named-peril policies for older home insurance. It’s common for homeowners’ policies to include coverage for a dwelling, personal property, liability and loss of use in the event of a specific named peril.

HO-8 policies include the same named perils as HO-1 policies. Rather than the replacement cost coverage included in HO-5, older home policies usually use everyday construction pricing to pay out claims, which means that a rough equivalent of the destroyed material can be used for replacement.

HO-4 Tenant’s Insurance for Renters

Renters’ insurance policies, also known as HO-4 policies, protect tenants in case of a loss or damage to their rented home. Protecting personal belongings and any permanent fixtures like cabinets is the goal of this type of policy.

Most renters insurance policies are named-peril policies, which cover the same risks as HO-2 policies. Personal belongings, liability, medical expenses for others, and additional living expenses resulting from a loss of use are all covered by renters insurance.

HO-4 does not cover structures other than those installed by the renter in residence.

HO-6 — Condo Form

Condominiums are covered under HO-6 policies. As the name implies, “walls-in” insurance refers to coverage for the interior of a building. In contrast, the master policy for the condo association will cover the exterior structure and common areas of the building.

The most common type of condo insurance is a named-peril policy. Still, some insurers will allow you to upgrade to an open-peril procedure, resulting in a higher monthly premium.

HO-6 policies usually cover building property, personal property, personal liability, and loss of use. As with other types of home insurance, HO-6 typically does not cover flooding, necessitating the purchase of additional flood insurance.

HO-7 — Mobile Home Form

Insuring a manufactured home requires a policy called an HO-7 policy. Houses like RVs, trailers, sectional homes, and single-wide and double-wide mobile homes are all covered under HO-7 policies.

HO-3-like policies are standard in mobile home insurance policies. An HO-7 policy generally covers personal property, liability, and dwelling. As with other types of home insurance, the HO-7 policy’s premium is likely to be affected by the structure’s age and size.

 

 

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3 Financial Rules That Help You Borrow Better

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3 Financial Rules That Help You Borrow Better

3 Financial Rules That Help You Borrow Better 

 

Be honest — when you’re making decisions about your finances, you’re winging it half the time.

After all, it’s not like your budget comes with an instruction manual that tells you how to manage or borrow money. You’re picking things up as you go, learning to shop for cash advances and pay them off through trial and error.

Wouldn’t it be easier if you had a set of rules to refer to for guidance? While step-by-step instructions on how to run your financial household don’t exist, here’s the next best thing. Check out these financial rules of thumb to help you handle cash advance loans online like a pro.

1. The 20/10 Rule

If you rely on cash advances like installment loans and lines of credit often, this rule can help you gain some perspective on your borrowing habits.

The 20/10 Rule sets sharp spending caps on debt payments according to your yearly and monthly net income (that’s your take-home pay after taxes).

Your debt payments should take up no more than 20% of your annual net income and 10% of your monthly net income.

These numbers represent the maximum amount you should be spending, so aim to go under. If you’re over, look to your budget to see how you can pay off debt and build an emergency fund to offset your reliance on cash advances.

2. The 20/4/10 Rule

For those looking to finance their car with auto loans, this rule sets out some boundaries about your financing:

  • Put down a down payment of 20% or more of the car’s purchase price
  • Your loan term shouldn’t exceed four years
  • You shouldn’t spend more than 10% of your monthly income on all vehicle expenses, including maintenance, gas, insurance, and loan payments

Don’t worry if you can’t hit all of these guidelines perfectly. A lot has changed since this rule was established. Gas prices are at an all-time high, and it’s not a great time to buy used or new cars. This rule is here to help prevent you from overborrowing on a car, so try to stick to these numbers as close as you can.

3. The 28/36 Rule

Next on the list is a rule governing your debt-to-income ratio (DTI), a number that lets you know how much of your income goes towards debt payments. Your DTI includes any debt you pay, from cash advances, lines of credit, credit cards, mortgages, student loans, installment loans, auto loans, and more.

The 28/36 Rule says you should spend:

  • No more than 28% of your income on household costs
  • No more than 36% of your income on debt payments

Going over these limits puts pressure on your budget, as most of your cash will go towards the roof over your head and debt, leaving very little for other essentials and savings.

If you struggle with the 28/36 Rule, talk to a free credit counseling organization about your options. A reputable organization can give you actionable advice on budgeting and paying off debt.

The Takeaway:

Some people perform better when they have rules. If you appreciate setting financial boundaries, lean into these guidelines. They’ll help you take stock of your finances — whether you’re in the process of looking for an advance or paying one back.

 

 

 

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Will Insurance Cover a 25 Year-Old Roof?

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Will Insurance Cover a 25 Year-Old Roof?

will insurance cover a 25 yearold roof

Will Insurance Cover a 25 Year-Old Roof?

 

 

If you’re considering replacing your roof, you may be wondering, “Will insurance cover a 25-year-old roof?” The good news is that most insurers will pay for the replacement of your roof regardless of its age.

However, there are some exceptions to this rule, such as age-based code upgrades. If your roof is over 25 years old, you should consider getting a new roof first.

Insurers prefer older roofs

Many insurance companies are unwilling to write new policies for homes with asphalt shingle roofs that are 10 or 12 years old. An insurer, who did not name its source, compiled a list based on information submitted to state insurance regulators.

Four of the eight insurers did not write new policies for roofs more than 10 years old. Two more set their cutoff age at 12 years, while three others said they would not insure homes with shingles older than 15 years.

Insurers are not likely to cancel a policy over an old roof, despite the fact that many older homes have inadequate roofing.

The average roof lifespan today is significantly shorter than it used to be, due in large part to our changing climate. Many roofing companies canvassed neighborhoods, promising free roofs in exchange for a list of their contact information.

This practice is unfortunate, but necessary to keep your roof protected. Moreover, insurance companies will be less likely to cancel a policy because of an old roof.

 

They require inspection

You may wonder if you can still get a homeowners insurance policy if your roof is over 25 years old. While it is true that most insurance companies will not insure an older roof, you should check for damage, leaks, and other problems before applying.

A qualified inspector will find any problems so you can save money by getting a professional inspection.

In addition to a thorough inspection, your insurer will be able to find out what the damage is.

While some insurers will refuse to cover a roof that is more than 25 years old, others may offer discounts for older roofs.

For example, you may be able to save as much as $1,500 by getting an ACV policy. But if you have a 25-year-old roof, you might only receive half of the insurance coverage, since the value of an old roof will go down by 62.5% after 25 years. The insurer will most likely not cover the entire replacement cost.

 

They have higher deductibles

If your roof is over 25 years old, you might be wondering why it has a higher deductible. First, consider its depreciation. In this example, the roof will cost $20,000, and your deductible of $1,000 will cover 25% of the total cost.

Your insurance company will pay the rest, or $14000. What’s more, depreciation is recoverable based on the type of policy you have.

Replaced-cost coverage allows you to recover $5,000 of depreciation after repairs, whereas non-replacement cost coverage doesn’t allow you to depreciate your roof after the repair.

While many homeowners insurance policies do offer a separate deductible for wind or hail, a new roof can typically be covered for a lower amount.

Hurricane damage, on the other hand, can carry a much higher deductible. However, if you live in a hurricane-prone state, your deductible will likely be significantly higher than the deductible on a 25-year-old roof.

 

Conclusion

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Everything You Need To Know On How To Sell And Promote Gold

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promote god

Where To Sell Your Gold in An Emergency?

The past few months have been especially difficult for those living in city regions and people have lost their jobs.

Selling gold is the remaining good business for gold buyers, even though in recent times many people spend money on gold as funding and with little or no sentimental attachment. Those who’ve invested some years in the past have reaped a bountiful increase and would like to reinvest their earnings and promote the gold business. The perfect region to promote gold could be via the corporations focusing on shopping gold for coins.

Where To Promote Gold For Coins?

There are corporations like Attica, Muthoot Gold Point, D Gold, etc., who pay immediately coins or do an NEFT switch in opposition to your gold.

Muthoot Gold Point offers coins up to Rs 10,000 and the stability is achieved via an NEFT switch. Attica Gold business enterprise aside from shopping for gold for coins additionally releases your pledged gold.

The business enterprise makes use of the kingdom of the artwork machines to test gold purity and can pay coins. You want your Aadhar Card and PAN card for the purpose. The thorough manner at Attica does now no longer take extra than 15 minutes. For more info hindustangoldcompany.com

However, withinside the case of maximum corporations, one has to have the branches close to us, when you consider that the sale of gold wishes bodily presence and no digital sale is viable. Muthoot has approximately eleven branches, at the same time as Attica has 200+ branches in 100+ towns in 5, extraordinary states of India.

Gold is any other business enterprise that purchases gold, even though the branches are restricted whilst as compared to Attica. Most corporations provide you the day’s gold charge and aside from this, there may be a 2 according cent fee this is applicable.

Taxation On Gold

Remember while you promote gold there may be a tax that you want to pay. The brief period of capital profits tax could be narrative in respect to various tax laws. A short period is described as a sale earlier than a length of 3 years.

So, in case you purchase gold on Jan 1, 2018, and promote it on Oct 23, 2020, a brief period of capital profits tax could observe. In this apparat, Ch the quantity could be introduced in your overall earnings and you’ll be taxed in line with your tax slab.

In case it’s far long-time capital profits, this is in case you promote the jewelry after a length of two years, long-time capital profits could be applicable. It could be taxed at 20. eight according to cent, without indexation.

So, the indexation number, which takes into consideration inflation could observe, because of this that you now no longer need to strictly pay 20. eight according to cent and the internet charge ought to reduce.

Conclusion

Before promoting your gold, it’s far essential to make inquiries and get the charge right. If you’re promoting huge quantities of gold, it’s far exceedingly viable that you can lose out. So, make certain which you test the charges as charges range even in an unmarried city.

Feel Free to contact us with suggestions and comments

 

6 Ways to Prepare for Your Finance and Accounting Degree

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6 Ways to Prepare for Your Finance and Accounting Degree

6 Ways to Prepare for Your Finance and Accounting Degree

 

Accounting and finance degree programs are said to be among the hardest degree programs that a student can pursue. These degrees require extensive knowledge of mathematics and statistics, both theoretical and practical. And as it is known that mathematics is an area of study that most students struggle in, it is no surprise that accounting and finance degrees can be extremely hard to tackle.

In addition to mathematics and statistics, the courses also include material relating to marketing, business, economics, and data science.

Hence, students enrolled in these programs often face a lot of challenges in a lot of different areas on a daily basis.

The workload is heavy, and students usually struggle to meet multiple deadlines. However, once they graduate, career opportunities are ample, and they have their pick of jobs to choose from. This is why many people opt for degrees in finance and accounting, despite the many hurdles they know they will face.

However, your degree doesn’t necessarily have to be this difficult to manage. Here are a handful of steps that you can follow that will make your accounting and finance degree a bit easier to handle.

Work smart, not hard

Although it’s true that hard work pays off, if you’re not being smart about it, the payoff will be much more difficult to achieve. In order to make it easier to study, you need to equip yourself with the proper tools. So, look for the best books and test prep material online.

However, don’t spend too much time reading the textbook. Instead, take out some time to do practice questions. When you can see exams approaching, take mock tests and see how you’re performing on them. This will give you a better idea of the status of your preparation and which topics you need to revise.

Practice simple math skills

When you enter this field of study, expect to see a lot of numbers. You will be working with lots of numerical data that you will have to perform loads of calculations on.

Although most of the time, you will have access to a calculator, being able to do quick mental math will save you a lot of time, which can be especially helpful during an exam. You can hone your mental math skills through a lot of practice which will help you ace your exams and fly through your degree program.

Learn time management

When there is a lot of work to be done, it is easy to fall behind due to poor time management.

The lack of time management skills is often the only reason some students are unable to complete a semester.

To avoid this, start planning from the first day of the semester. Most of the time, course outlines are provided at the start of each course, detailing what you will be studying each week; they usually also mention important deadlines.

Once you have the course outlines for all your courses, jot down important dates in an online planner. Divide your time between each course smartly and strictly follow your planner. If you stay on schedule and don’t fall behind, you will find it much easier to pass the semester.

Become tech-savvy

No matter which degree you choose in the field of accounting and finance, you will have to use complicated software. All students in this field need to be good with computers.

You will be learning tons of new software, which you will then be tested on to see how efficiently you can use them. However, this will not stop once you graduate. With time, new programs will be developed, which you will have to teach yourself while you’re working.

Hence, it is important that you don’t find technology intimidating and have the ability to learn new things on the go.

Become good at networking

You might not need networking while you’re studying, but eventually, you will have to start your career in this field. Even if you have a spectacular resume, getting your foot in the door at accounting firms can be hard.

Networking can help you with that, but you must start making connections while you’re still studying. Chances are, your professors know a lot of people in the field and can put in a good word for you if you have a good relationship with them.

You can also meet new people in the field at events and seminars hosted by your university. You can stay in contact with these people on LinkedIn so that when you graduate, you’re in a suitable position to find a job.

Look for an internship

Another important thing for accounting and finance students to accomplish is to complete an internship – or multiple. Even though it is something that will bear fruit after you have graduated, it is important to mention it here because you have to do this during your degree.

Internships can make your resume stand out from other candidates and also help you make connections. Often, the firms where you work as an intern end up hiring you permanently after you graduate.

Even if it doesn’t directly lead to a job, an internship shows other potential employers that you not only possess the theoretical knowledge you gained in your degree but you also have some practical experience in the field.

Conclusion

Completing a degree in the field of accounting and finance is no easy feat, but with proper preparation and commitment, you are bound to succeed. Because the workload can be extensive, you need to plan how you will divide your time between each course.

You will have to study the material extensively, learn to take good notes and test yourself through mock quizzes and exams. You will also need to get acquainted with technology and computers and learn how to operate new software. Be on the lookout for good internships in reputable firms.

Try to connect with people working in the field, so you have many options and job opportunities once you graduate. This will ensure that you complete your degree with flying colors and find a good job to get you started on the right career path.

 

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How to Find the Best Gold And Precious Metals Investment Companies

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How to Find the Best Gold And Precious Metals Investment Companies

How to Find the Best Gold And Precious Metals Investment Companies

 

Before investing in gold and precious metals, you should first know your risk profile and desired outcomes. It’s important to consider that precious metals don’t have cash flows. You will have to incur expenses to store and transport your metals.

But as long as you have a plan in mind and are willing to take risks, precious metals can be an effective portfolio diversifier.

In addition, investors can profit from the volatile nature of these metals, or they can become a source of ruin. Listed below are the advantages and disadvantages of investing in these things so let’s look at each and consider the options.

Investing in Silver

You may find yourself drawn to investing in silver when researching precious metals because of its timeless value and potential for increased value over time. But while silver is an excellent choice for investment portfolios, it cannot guarantee you a positive return in the short term.

As with any investment, diversification is the best strategy. First of all, investors should understand the differences between investment and speculation.

They should study the daily price of silver and the trending up and down. They should purchase silver at a lower price or during a downtrend if possible. This is a smart strategy and is employed by the top gold investment company in America, as of 2022.

While this strategy may seem complicated, it is worth considering. The risks and opportunities associated with investing in silver are low.

Investing in silver has many benefits compared to other precious metals. It is cheaper and gives investors more value for their money. Although the price of silver is much lower than bullion, it still has many benefits as an investment. In fact, it might be better for you than bullion in certain respects.

Regardless of your personal preferences, diversifying your portfolio with a variety of investments can increase your chances of higher gains and provide relative security.

Another major advantage of investing in silver when researching precious metals is its liquidity. The price of silver fluctuates daily and is subject to frequent inflation. Therefore, it’s wise to keep investment silver in a bank safe. In addition to monetary benefits, silver can also be used as insurance.

Moreover, silver is relatively easy to trade in a wide range of forms. You can purchase coins, bars, and bullion.

Investing in Gold

Many people believe that investing in gold and other precious metals is an excellent way to diversify their portfolios and protect themselves against inflation. While bullion is the most common metal to invest in, there are many other precious metals that are equally attractive, each with their own risks and rewards.

You can invest in these metals through commodity exchange-traded funds (ETFs) or mining company stocks which you can learn more about from the US Securities and Exchange Commission.

In addition to precious metals, you can also invest in the derivatives market. Gold mining stocks are a great way to invest in this asset class.

Buying mining stock involves taking on a high degree of risk, so it is crucial to research the company before making a purchase. A good way to invest in bullion is through a bullion miner ETF (exchange-traded fund). This will give you exposure to the biggest players in the bullion mining industry, which means diversified exposure across the entire sector.

Investing in mining companies is a good option for investors who want a higher rate of return.  However, if bullion prices are not rising as expected, you could find yourself losing money.

You can choose a gold mining company based on its strategy or management. Investing in a bullion mining company will depend on a number of factors, including its management, global supply, and geopolitical climate.

Although the prices of bullion and other precious metals fluctuate in value, they tend to increase in value. When the dollar weakens to the levels its at currently, these metals’ prices tend to rise, while the stock market has been volatile.

Investing in precious metals can be an ideal way to balance your portfolio and make a profit over time. They tend to be more stable than other assets, making them a great choice for beginning investors.

Best Gold And Precious Metals Investment Companies

Investing in Precious Metals (General)

With the value of the dollar continuing to decline, many investors are turning to precious metals such as bullion and silver. Gold and silver prices have nearly doubled since 2007, and investors are turning to these metals for a safe investment.

Additionally, silver has a long history of being a form of currency and has maintained its value throughout time.Investing in gold and silver has many advantages over traditional forms of investing. They are safe, and have a lower risk of theft.

Physical bullion, coins, and silver bars are the oldest and most secure ways of investing and you can check their popularity in the market here: www.treasury.gov/government-gold-reserve. However, physical coins and bars are not the best choice for investors who want to trade in high-volume. Physical silver coins and bars must be stored in a secure location.

There are many types of precious metals investment products available. While investing in bullion and silver can be a simple process, there are several different ways to invest in these metals. Listed below are five main genres of precious metals ownership. Make sure you choose the one that best meets your financial goals.

When buying gold or silver, choose the one that reflects your personal goals and needs. It’s important to note that the price of precious metals fluctuates and can decrease significantly despite the strength of the economy. There are two common methods of investing.

You can invest in physical bullion, which will give you tangible ownership of the metals. However, you’ll need to keep them in a secure location because they won’t appreciate in value like stocks. Instead, invest in gold and silver in ETFs, which generally have low fees. These products are more convenient to most Americans and, thus, come recommended.

 

Conclusion

 

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Steps Every New Car Owner Should Consider

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Steps Every New Car Owner Should Consider

Steps Every New Car Owner Should Consider

 

If you’ve just bought a new car, congratulations! You’re now the proud owner of a shiny new set of wheels. But before you start cruising around town, there are a few things you need to do to make sure your car stays in good shape.

In this blog post, we’ll discuss some important steps every new car owner should take care of. By following these tips, you’ll keep your car running smoothly and help avoid costly repairs down the road.

 

Invest in great insurance and an extended car warranty

When you buy a new car, you want to do everything you can to protect your investment. That’s why it’s important to invest in both great insurance and an extended car warranty. With insurance, you’ll be covered if your car is stolen or damaged in an accident. 

 

Endurance warranty reviews show that you’ll have peace of mind knowing that your car is covered for repairs for a set period of time. While the initial cost of these products may seem high, they’re worth it in the long run. So if you’re a new car owner, be sure to invest in insurance and an extended warranty. It’s the best way to protect your investment.

Make a car maintenance checklist and stick to it

Owning a car is a big responsibility. Not only do you have to worry about things like insurance and gas, but you also need to make sure your car is regularly maintained. A good way to stay on top of car maintenance is to create a checklist and make sure to stick to it. Depending on the make and model of your car, your maintenance needs will vary. 

However, there are some general items that should be on every car owner’s checklist. These include things like checking the oil level and tire pressure, as well as more in-depth tasks like flushing the radiator and changing the air filter. By following a regular maintenance schedule, you can help keep your car running smoothly for years to come.

Get an oil change every 5,000 miles or 6 months, whichever comes first

As a new car owner, you may be wondering how often you should get an oil change. The answer depends on two factors: the type of engine oil you’re using, and the recommendations of your car’s manufacturer. Most experts recommend using synthetic oil in new cars, which can last up to 10,000 miles before it needs to be changed. 

However, your car’s manufacturer may have a different recommendation, so it’s always best to check your owner’s manual first. In general, though, you should plan on getting an oil change every 5,000 miles or 6 months, whichever comes first. This will help ensure that your engine stays properly lubricated and running smoothly for years to come.

Check fluid levels and tire pressure on a regular basis

Any new car owner knows that there’s a lot to keep track of when it comes to maintaining your vehicle. Along with staying on top of routine oil changes and scheduled maintenance, it’s also important to regularly check fluid levels and tire pressure. Doing so can help to prevent costly repairs down the road and keep your car running smoothly. 

Checking fluid levels is a simple process that only takes a few minutes, and it can help you to avoid major engine problems. Similarly, making sure that your tires are properly inflated can improve fuel efficiency and extend the life of your tires. So next time you’re washing your car or topping off the gas tank, take a few extra minutes to check your fluid levels and tire pressure. It will be time well spent.

Keep your car clean inside and out

A car is a big investment, and taking care of it will help it last longer and stay looking its best. That means regular washing and waxing to protect the paint, and vacuuming and dusting to keep the interior clean. It’s also important to empty the garbage regularly and remove any stains right away – otherwise, they’ll become much harder to clean over time. 

Taking care of your car doesn’t have to be a chore; in fact, it can be pretty satisfying. Seeing your car sparkle in the sun after you’ve washed and waxed it is a great feeling, and knowing that you’re helping to prolong its life is even better.

So next time you’re considering skipping a car wash or skipping the vacuum, remember that a little bit of effort now will pay off in the long run.

Invest in a good car seat for your child – safety first!

When you become a parent, one of the first things you have to do is buy a car seat for your baby. It’s a big responsibility – after all, you’re responsible for keeping your child safe while you’re on the road. But how do you know which car seat is right for your child? And how can you be sure that it will be safe? Here are some things to keep in mind when you’re shopping for a car seat:

 

  • Make sure the car seat is appropriate for your child’s age, weight, and height.
  • Choose a car seat that has been tested and approved by a reliable source such as the National Highway Traffic Safety Administration (NHTSA).
  • Be sure to read the instructions carefully before installation, and follow all of the manufacturer’s guidelines.

Investing in a good car seat is one of the best ways to keep your child safe on the road. With so many different options on the market, it can be tough to know where to start. But by keeping these tips in mind, you can be sure to find a car seat that will provide your child with the safest possible ride.

Drive safely and defensively at all times

Buying a new car is an exciting time. Whether it’s your first car or you’re upgrading to a newer model, it’s easy to get caught up in the joy of owning a new vehicle. However, it’s important to remember that with great power comes great responsibility. As a new car owner, you have a responsibility to drive safely and defensively at all times. 

Defensive driving means being aware of your surroundings and being prepared to react to potential hazards. It also means obeying all traffic laws and staying focused on the road at all times. With a little care and attention, you can ensure that your new car ownership experience is a safe and enjoyable one. Thanks for reading! Drive safe out there!

 

Conclusion

 

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