Investment account – USA Prime Loans http://usaprimeloans.com/ Fri, 29 Oct 2021 12:53:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://usaprimeloans.com/wp-content/uploads/2021/10/icon-10-120x120.png Investment account – USA Prime Loans http://usaprimeloans.com/ 32 32 Your HSA is not a savings account, it’s an investment account (Full News) https://usaprimeloans.com/your-hsa-is-not-a-savings-account-its-an-investment-account-full-news/ Thu, 28 Oct 2021 05:10:43 +0000 https://usaprimeloans.com/your-hsa-is-not-a-savings-account-its-an-investment-account-full-news/ At present, pandemic influences and inflation have made it difficult to save on additional expenses. If you don’t feel motivated to earn more or want to find a way to save money, health savings accounts have come to your rescue. What is a Health and Safety account? If you’re new to the Health Savings Account […]]]>

At present, pandemic influences and inflation have made it difficult to save on additional expenses. If you don’t feel motivated to earn more or want to find a way to save money, health savings accounts have come to your rescue.

What is a Health and Safety account?

If you’re new to the Health Savings Account (HSA), you’ve come to the right place. Health savings accounts are primarily intended for people who have a high deductible health plan. first of all, you need to put money into your account which will grow tax free and can then be used for any qualified medical need.

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Not only has a health security account (HSA) made future spending on medical care easier, it also allows people to invest.

A well-known financial planner and founder of wealth advisers in Pennington, Victor Medina said that an interesting tip is to invest the money in an HSA, just like we would invest in our IRA.

How does HSA work? Does it allow you to invest?

HSA can be viewed as a home for money that is going to be used for medical purposes. On the other hand, you can assume it as a small brokerage account where you will put all your money to buy investments. Once you buy this account, you can start investing.

HSA is not a savings account

Different types of HSA provide different functionality. Some of the HSA tools allow automatic rebalancing and also offer a choice of investments. Others provide different specifications, for example, giving the option to choose from a specific form of investments such as bonds, stocks, mutual funds or mutual funds. When you apply through any employee, you may have fewer options available for investment selection.

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Well, if you took HSAs for granted until now, now is the time to look forward to them and get your money invested ASAP. HSAs offer different methods of saving and whichever method you choose to save, HSAs are more likely to save more than just your savings.

What is the triple tax advantage?

One of the biggest benefits you will receive from HSAs is the triple tax benefit. As Medina explained very well:

To say that the accounts are triply taxed. This means that contributions are tax deductible, and that growth and distributions are tax exempt when used for qualifying medical expenses. Plus, unlike a 401 (k) or IRA, you don’t need to withdraw money from the account at a certain age.

What are the other benefits of health security accounts?

Health security accounts are not like ONE AND DONE means it’s not like the accounting system where you can’t change the rates per year. HSAs allow anyone who signs up through payroll deductions to change the benchmark rate at any time of the year. Employees working anywhere are much more comfortable with flexible accounts. As Associate Director of Client Services, Stephen Durso mentioned that employees can change their HSA contributions at any time. Thus, making HSAs more flexible.

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In addition, the money you saved through HSAs can also be used for other purposes. HSAs also allow you to use your saved money when you need a huge amount, like paying for tuition or buying a house, or when you might need money to travel. You can simply withdraw the money you paid earlier into your health security account for medical purposes. Other than that, you are also not limited to using the money just for yourselves. You can use the money for the expenses of your friends or your spouse.

We can conclude that the HSAs will bring you many advantages in terms of savings.


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Your HSA isn’t a savings account, it’s an investment account, and you can make a serious nest egg out of it https://usaprimeloans.com/your-hsa-isnt-a-savings-account-its-an-investment-account-and-you-can-make-a-serious-nest-egg-out-of-it/ Wed, 27 Oct 2021 09:01:00 +0000 https://usaprimeloans.com/your-hsa-isnt-a-savings-account-its-an-investment-account-and-you-can-make-a-serious-nest-egg-out-of-it/ It’s hard enough to get motivated to save for retirement, but saving for your future medical bills? How responsible should a person be? Fortunately, health savings accounts, or HSA, are tools that make saving for future health-related expenses less painful. These accounts save you money, but they also allow you to invest. With the arrival […]]]>

It’s hard enough to get motivated to save for retirement, but saving for your future medical bills? How responsible should a person be?

Fortunately, health savings accounts, or HSA, are tools that make saving for future health-related expenses less painful. These accounts save you money, but they also allow you to invest. With the arrival of open registrations, an HSA might be something to consider.

“A cool tip is to invest money in an HSA like you invest in your IRASaid Victor Medina, certified financial planner and founder of Palante Wealth Advisors in Pennington, New Jersey, in an email interview.

Investing through an HSA

Think of your HSA as a home for your medical dollars. Just like a brokerage account or an IRA, you will need to put money into the account before you buy any investments. Then, after you fund the account, you can start investing.

Some HSAs offer tools that help you choose your investments and allow automatic rebalancing, so your portfolio stays in your preferred allocation. Others allow you to choose from specific investments, such as stocks, bonds, mutual funds, and ETFs.

Whichever method you choose, investing your money through an HSA will likely allow it to grow faster than saving on its own. However, if your HSA is offered by an employer, you may have fewer options for investing your money.

Benefit from the triple tax advantage

Once you start investing through your HSA, you can start to reap the rewards – one of the biggest being the triple tax advantage, Medina said.

“Another cool tip is that the accounts are triple tax-efficient, which means contributions are tax deductible, growth is tax-free, and distributions are tax-exempt when used for medical expenses.” eligible. Plus, unlike a 401 (k) or IRA, you don’t have to deduct any money from the account at a certain age.

If you invest in your HSA for the long term, this tax-free growth can make a significant difference in the amount of money you keep.

Read also : There’s one giant thing concert workers can do to save for retirement, but most aren’t

Prepare for long-term care

According to data from insurance company Genworth Financial, the median annual cost of a home health aide in 2020 was $ 54,912; a private room in a nursing home costs approximately $ 105,850 per year. Thinking about getting older can be difficult for many reasons, including the financial burden that can accompany aging. But investing in an HSA can allow you to prepare for these expenses ahead of time.

If you invested $ 200 in an HSA each month starting at age 30 and getting the standard 10% annual return of the stock market, at age 70 you could have almost $ 1.3 million – a big nest egg for your golden years.

And while it can be tempting to use your HSA money along the way, Faron Daugs, CFP and CEO of Harrison Wallace Financial Group in Libertyville, Illinois, often advises against this.

“With clients who generally work and still earn a living, if they are eligible to contribute, I often encourage them not to use these funds on an annual basis, so let them sit and grow almost like you would. in an IRA, ”says Daugs.

Also on MarketWatch: We want to live in a mid-sized town close to the beach but without too much traffic. Where should we retire?

Pay yourself back later

If you can avoid withdrawing HSA funds as you go, you can reap the benefits later.

“Another cool trick is to wait much later in life to receive distributions from the account,” Medina said in an email. “You don’t have to repay yourself the same year. You are only limited to reimbursing yourself for expenses that occur after the account opening date. So you can put money into the account, let it grow for decades, and then receive a lump sum distribution in the future that would put money in your pocket tax-free. Make sure you keep receipts for what you paid out of pocket for medical bills.

Unlike Flexible Spending Accounts, or FSAs, which require you to spend the money within a specific time frame or lose it, HSAs can roll over from year to year.

Learn more about HSAs here.

Hack your IRA

According to Daugs, HSAs have a little trick up their sleeve to help people who haven’t saved a lot of money: you can roll over as much of your money as possible. annual HSA contribution limit for that year ($ 3,600 for individuals in 2021) from a Traditional or Roth IRA in your HSA.

“It’s available once in your lifetime,” says Daugs. “So let’s use the current example of $ 3,600. So if you had money in an IRA that was deductible and the money became taxable in that IRA, you can take up to $ 3,600 from that IRA, just once in your life, and transfer it. in an HSA account.

The IRA to HSA rollover is a great trick you can use if you have unforeseen medical expenses and your HSA isn’t as big as you would like.

Read also : Does your 401 (k) have to follow your conscience? What to know before investing in ESG.

And while HSAs have many benefits, they aren’t for everyone. Since participants must subscribe to a high deductible plan to have an HSA, this can be a headache for some. Choosing a health plan during open enrollment will depend on your situation and the options available to you.

More from NerdWallet

Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com.


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SoFi Roth IRA Review: Best Investment Account For Retirement? https://usaprimeloans.com/sofi-roth-ira-review-best-investment-account-for-retirement/ Sat, 16 Oct 2021 20:18:33 +0000 https://usaprimeloans.com/sofi-roth-ira-review-best-investment-account-for-retirement/ In a word: SoFi Invest offers Roth IRA accounts to help you get the most out of tax-free withdrawals in retirement. With a choice of active or automated investing at no cost, our SoFi review agrees that this is one of the best ways to grow your retirement fund. SoFi was originally started by Stanford […]]]>

In a word: SoFi Invest offers Roth IRA accounts to help you get the most out of tax-free withdrawals in retirement. With a choice of active or automated investing at no cost, our SoFi review agrees that this is one of the best ways to grow your retirement fund.

SoFi was originally started by Stanford business students in 2011, but it wasn’t until 2019 that SoFi Invest was launched. Various types of ARI would be taken care of shortly thereafter.

With over $ 12 billion in assets held under the SoFi banner, investors quickly jumped on this roboadvisor due to their no-cost, no-frills approach.

His position as a roboadvisor means that he specializes in helping ordinary people enter the market for the first time. With their Roth IRA accounts, you can take control of your financial future.

Under SoFi Securities, all Roth IRA accounts are FDIC insured for up to $ 500,000 in securities and $ 250,000 in cash, so you know your money is safe.

Features of SoFi Roth IRA

Our SoFi review made it clear that the functionality provided by this platform is revolutionary. Simplify the management of your Roth IRA with SoFi.

Here are the main features relevant to your SoFi IRA account.

Automated investment

SoFi’s flagship feature can also be used for your Roth IRA account. Automated investing allows you to invest with confidence, even if you have no prior market experience.

When you create a SoFi account and choose a Roth IRA, you will be able to choose from 10 predefined portfolios and 13 different asset classes. All you have to do is determine your own risk tolerance.

SoFi portfolios are made up mostly of big name ETFs, including Vanguard and iShares. They also have their own ETFs.

The fees that you will have to pay are the expense ratios. These are not taken by SoFi but by the ETF provider. Fortunately, the fees are extremely low at just 0.05%.

Fractional share trading

Due to the low annual contribution limits allowed, it can be difficult to make your money work for you. Below current annual limits, that’s only two or three shares of Amazon.

SoFi allows the trading of fractional shares, called “Stock Bits”. Every time you deposit into your Roth IRA, your money can be automatically invested, so every dollar is constantly gaining market exposure.

Free access to financial advisers

Planning for your retirement is difficult. Your decisions now will impact you decades from now. Forget about traditional financial advisers and choose a SoFi financial advisor instead.

Every Roth IRA account holder has access to a qualified financial advisor who can guide you on best practices for your Roth IRA and how to maximize your earnings.

This is a cool feature that is not offered by many other investment platforms, at least not for free.

SoFi Roth IRA fees

Holding a Roth IRA with SoFi does not make you eligible for additional fees. You have the same rights as a person with a standard investment account, including:

The only fees involved are the ETF expense ratio of 0.05% and an account migration fee of $ 75 if you choose to leave the platform.

SoFi Roth IRA FAQ

If you are wondering if opening a Roth IRA with SoFi Investing is the right decision, here are the answers to some of the most common questions.

How Much Can I Contribute to My Roth IRA?

These limits are set by the federal government and are currently $ 6,000 per year for those under 50 and $ 7,000 per year for those over 50.

Is my retirement account protected?

Yes, all SoFi investment accounts are FDIC insured up to $ 250,000 in cash.

Can I actively invest my money?

Yes, you don’t have to use SoFi Automated Investing. You can also use SoFi’s Active Invest to choose your own investments.

SoFi Roth IRA: is it right for you?

Planning for retirement is tough, but this SoFi Roth IRA review believes this platform has simplified the process.

For newbies, the automated investing option and free access to human financial advisers is a great way to start.

Learn more by reading our full SoFi Invest review now.

If you’re ready to set up your SoFi Roth IRA, sign up and invest for free now.


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Portable Retirement and Investment Account (PRIA) Act 2021 https://usaprimeloans.com/portable-retirement-and-investment-account-pria-act-2021/ Tue, 12 Oct 2021 02:59:30 +0000 https://usaprimeloans.com/portable-retirement-and-investment-account-pria-act-2021/ Congressman Jim Himes (CT-04) and Senator Mark Warner (D-VA) introduced the Portable Retirement and Investment Accounts (PRIA) Act of 2021. The PRIA law will create universal, portable retirement and investment accounts that will be accessible to all Americans. throughout their lives and bring our retirement system into the 21st century. “The current retirement system doesn’t […]]]>

Congressman Jim Himes (CT-04) and Senator Mark Warner (D-VA) introduced the Portable Retirement and Investment Accounts (PRIA) Act of 2021. The PRIA law will create universal, portable retirement and investment accounts that will be accessible to all Americans. throughout their lives and bring our retirement system into the 21st century.

“The current retirement system doesn’t work for all Americans,” Himes said. “The options that American workers have access to can differ dramatically depending on their field of employment, and the systems can be unnecessarily confusing. Additionally, many Americans lose access to retirement savings vehicles if they lose their jobs, and part-time, contract, and part-time workers are often ineligible. PRIA changes all that.

“Americans are more likely to change jobs and engage in non-traditional forms of work than they were a generation ago, but our policies have not kept up with these changes,” said Warner. “As more Americans take on multiple jobs over a career, year, and even day, PRIA will provide more workers with access to flexible and portable benefits such as savings. -retirement which will accompany them from employer to employer and together in concert. . “

Congress must act to get more people into the system and make it easier for Americans to save:

  • About half of American households do not have access to a 401k retirement account.
  • The Federal Reserve calculates that half of Americans have not saved enough to retire at their current standard of living.
  • While 80% of full-time workers have access to retirement savings accounts, only 40% of part-time workers have access to them.
  • According to the Federal Reserve’s 2020 US Household Economic Well-Being Report, about 35% of Americans work outside of traditional full-time jobs, in the odd-job economy.

Each American will receive a PRIA at the same time as they receive a Social Security number. The PRIA will be administered by an independent board and managed by selected financial institutions. After the creation of the initial account, account holders will be able to choose investment options with a qualified financial institution. Employers can contribute to their employees’ PRIA just like legacy plans like 401ks, but employees who separate from their employer will still be able to contribute to the same PRIA plan as before.

Americans who wish to keep their 401ks, IRAs, and other savings plans with which they are familiar will always have these options. PRIAs are designed to complement the existing system and provide a simple and portable option for those who want it.

“PRIA is going to bring people back from the cold,” Himes continued. “Instead of being caught further and further behind in their retirement savings, millions of Americans in non-traditional employment conditions will have another tool in their retirement toolbox.”

This press release was made possible by:

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3 stocks you can buy for your child’s investment account https://usaprimeloans.com/3-stocks-you-can-buy-for-your-childs-investment-account/ Thu, 07 Oct 2021 10:00:00 +0000 https://usaprimeloans.com/3-stocks-you-can-buy-for-your-childs-investment-account/ Child using laptop If you are in your the 50’s Where close to retirement, you may want to think about investing beyond your own financial goals. Starting young is very useful when it comes to investing because it allows your money to grow. compound over a longer period. Ideally, if you can start putting money […]]]>

Child using laptop

If you are in your the 50’s Where close to retirement, you may want to think about investing beyond your own financial goals.

Starting young is very useful when it comes to investing because it allows your money to grow. compound over a longer period.

Ideally, if you can start putting money into your investment account when you’re in the cradle, you could enjoy incredible growth that can last for years, if not decades.

Babies, of course, will need a little help from their parents.

By allocating money for your newborn or toddler, you can give them a head start in life.

Park that money in a good reputation blue chip companies or well managed REIT not only protects their capital, but also helps generate returns that can be reinvested over time.

One method of doing this is to maintain a separate investment account that invests only for your child.

In this way, you can follow the evolution of this fund and enrich it periodically over the years, like a average purchase method.

Here are three actions you can consider for your child’s investment account.

Parkway Life REIT (SGX: C2PU)

Parkway Life REIT, or PLife REIT, is one of Asia’s largest healthcare REITs with assets under management (AUM) of approximately S $ 2 billion as of June 30, 2021.

The REIT owns 55 properties in total, comprising three hospitals in Singapore, 51 nursing homes in Japan and strata titled lots at a specialty clinic in Kuala Lumpur, Malaysia.

PLife REIT has an enviable history of uninterrupted increases in the recurring distribution per unit (DPU) since its IPO in 2007.

Recently, the REIT also held an EGM at which unitholders approved the signing of new framework rental agreements for its three hospitals in Singapore which will last until the end of 2042.

The sealing of this transaction provides better visibility for the REIT and unitholders can be assured of a constantly increasing SFP.

The REIT also released a mixed set of figures for its first half of fiscal 2021 (1H2021).

While both gross and net property income fell slightly year over year, DPU increased 4% year over year to S $ 0.0695.

The dividend yield based on an annualized DPU of S $ 0.139 is 3.1%.

United Overseas Bank Ltd (SGX: U11)

United Overseas Bank, or UOB, is one of the three largest banks in Singapore.

The group has a global network of 500 branches and offices in 19 countries and territories.

The lender has remained resilient throughout the pandemic and for its second quarter of fiscal 2021 (2Q2021), it has announced a healthy set of finances.

Loan growth was healthy, and its net profit jumped 43% year-on-year to exceed S $ 1 billion.

The bank also declared an interim dividend of $ 0.60 per share, exceeding the $ 0.50 paid in 2019.

UOB’s wealth management arm continues to grow its assets under management, up 7% year-on-year to S $ 137 billion in 1H2021.

The group has a diversified loan portfolio, the main sectors of which are represented by building and construction (26%) and home loans (23%) on the basis of its financial statistics as of June 30, 2021.

The bank is also strengthening its ESG and established a Climate-Related Financial Reporting (TCFD) working group to help it meet its green goals.

To take advantage of the growing wealth of consumers, UOB also launched its digital bank TMRW and has attracted more than 355,000 customers in Indonesia and Thailand.

The bank will invest up to S $ 500 million over the next five years to expand its digital offerings and plans to launch TMRW in Singapore by the fourth quarter of this year.

Haw Par Corporation Ltd (SGX: H02)

Haw Par is a conglomerate with four key divisions: healthcare, recreation, real estate and investments.

Its health division is represented by the famous Tiger Balm brand and manufactures a wide range of products such as balms, ointments and pain relief patches.

The group has seen its turnover and net income negatively impacted by the pandemic.

In 1H2021, revenue fell 18.6% year-on-year to S $ 65.8 million while net profit plunged nearly 42% year-on-year to S $ 53 million.

Despite the sharp drop in net income, the group continued to generate free cash flow.

The group has also paid a constant dividend over the years, with 2018 being a record year when the group paid a special dividend of S $ 0.85 to mark its 50e birthday.

For 1H2021, Haw Par declared an unchanged interim dividend of S $ 0.15 per share.

The business is expected to experience a strong recovery once the pandemic has passed and borders begin to reopen.

Looking for more dividend stock ideas? Then you will want to know more about these 5 strong SGX companies. We’ve prepared everything you need to know in a FREE Special Report: “Dividend Stocks That Can Pay You For Life”. Click here to download now.

follow us on Facebook and Telegram for the latest investment news and analysis!

Disclaimer: Royston Yang does not own any shares in any of the companies mentioned.

The post office 3 stocks you can buy for your child’s investment account appeared first on The smart investor.


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Warner and Himes introduce portable retirement and investment accounts law https://usaprimeloans.com/warner-and-himes-introduce-portable-retirement-and-investment-accounts-law/ Fri, 24 Sep 2021 12:05:56 +0000 https://usaprimeloans.com/warner-and-himes-introduce-portable-retirement-and-investment-accounts-law/ Two lawmakers have introduced a measure they say aims to create accessible, universal and portable retirement and investment accounts while modernizing the country’s retirement system. © Shutterstock Senator Mark Warner (D-VA) and Representative Jim Himes (D-CT) said their bill, the Portable Retirement and Investment Account (PRIA) Act of 2021, would attract more people into the […]]]>

Two lawmakers have introduced a measure they say aims to create accessible, universal and portable retirement and investment accounts while modernizing the country’s retirement system.

© Shutterstock

Senator Mark Warner (D-VA) and Representative Jim Himes (D-CT) said their bill, the Portable Retirement and Investment Account (PRIA) Act of 2021, would attract more people into the retirement system and would make it easier for the Americans. to save.

“Americans are more likely to change jobs and be engaged in non-traditional forms of work than they were a generation ago, but our policies have not kept up with these changes,” said Warner. “As more Americans take on multiple jobs over the course of a career, a year, and even a day, PRIA will provide more workers with access to flexible and portable benefits such as savings. -retirement which will accompany them from employer to employer and together in concert. . “

Through legislation, every American will receive a PRIA when they receive a Social Security number, and the PRIAs will be administered by an independent board of directors – managed by selected financial institutions.

When creating the initial account, account holders have the option of choosing investment opportunities with a qualified financial institution, depending on the measure.

“The current retirement system doesn’t work for all Americans,” Himes said. “The options that American workers have access to can differ significantly depending on their field of employment, and the systems can be unnecessarily confusing. Additionally, many Americans lose access to retirement savings vehicles if they lose their jobs, and part-time, contract, and part-time workers are often ineligible. PRIA changes all that.


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FNB Launches New Shares Zero Investment Account With No Monthly Account Fees https://usaprimeloans.com/fnb-launches-new-shares-zero-investment-account-with-no-monthly-account-fees/ Thu, 26 Aug 2021 11:48:45 +0000 https://usaprimeloans.com/fnb-launches-new-shares-zero-investment-account-with-no-monthly-account-fees/ Through Vernon Pillay August 26, 2021 Share this article: To shareTweeterTo shareTo shareTo shareE-mailTo share One of the interesting effects of the Covid-19 pandemic and national containment is the growing interest in investing in local and international equity markets. That’s according to FNB, which announced the launch of a new FNB Shares Zero investment account […]]]>

Through Vernon Pillay August 26, 2021

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One of the interesting effects of the Covid-19 pandemic and national containment is the growing interest in investing in local and international equity markets. That’s according to FNB, which announced the launch of a new FNB Shares Zero investment account with no monthly account fees.

Raj Makanjee, chief executive of FNB Retail, says the growing interest in investing is evident across all income segments of the bank. “Despite the financial challenges of Covid-19, we have seen a year-over-year increase in the number of clients opening new investment accounts with us, with an increase of approximately 41% in business values ​​of actions. The launch of our Shares Zero ETF investment account further accelerates our efforts to expand our range of investment solutions and minimize the cost to clients of managing their money for both short and long term goals, ”he said. he declares.

Sizwe Nxedlana, Managing Director of FNB Wealth and Investments and Ashburton, said that “FNB Shares Zero came at the right time for South Africans, many of whom wanted to invest in global stock markets but were excluded by high brokerage fees. . and financial constraints. We urge clients to take advantage of the new solution to begin their ownership journey. It’s another way to help our clients unlock their wealth creation journey, by investing in stocks. “

Shares Zero ETF account holders will not pay any monthly account fees and brokerage fees when purchasing FNB or Ashburton exchange traded products. FNB also offers valuable training to guide new investors through their investment journey with ongoing access to real-time trading tips, market insights and sharing, as well as insight and advice. expert advice.

Nxedlana says Shares Zero ETF aligns with its recognition that investing in stocks can and should be a valuable part of any effective money management strategy. “Given the important role that investing plays in building a financially secure future, we have worked hard over the years to educate clients on the benefits and value of investing in stocks, while also making this investment easily accessible to as many South Africans as possible, “Nxedlana explains,” and the launch of Shares Zero is, in many ways, the pinnacle of these efforts, as it allows almost anyone to get started or to start. extend your personal investment journey. “

FNB Shares Zero is the perfect complement to ETN’s exchange-traded notes (ETNs) which were very well received by investors when the bank launched them in 2020. These innovative global investment vehicles allow South Africans to invest effectively in many of the biggest and best performing companies in the world, including Microsoft, Netflix, Apple, Tesla, Coca Cola and many more. A Shares Zero account also allows you to invest for free in the diverse range of Ashburton Exchange Traded Funds (ETFs), including the popular Ashburton Global 1200 ETF which tracks the performance of the world’s 1200 largest companies.

Nxedlana claims that having a Shares Zero ETF account also allows you to invest directly in the companies represented in the JSE ALSI Top 40 Index, which are among the largest and most well-known brands in South Africa. And these Top 40 investments are also made possible at a very low brokerage fee of just 0.25% of the trade value.

“Making your money grow through local and international action can be a reality for anyone,” he said.


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Converting a Personal Injury Settlement to a Tax-Free Investment Account https://usaprimeloans.com/converting-a-personal-injury-settlement-to-a-tax-free-investment-account/ Mon, 09 Aug 2021 13:30:00 +0000 https://usaprimeloans.com/converting-a-personal-injury-settlement-to-a-tax-free-investment-account/ Anyone reading this newsletter probably knows someone who has filed a personal injury complaint, as over 400,000 claims are filed each year. But if you’ve never been a plaintiff and you’re relatively removed from the legal industry, you probably haven’t given much thought to what it really means to receive a settlement in an injury […]]]>

Anyone reading this newsletter probably knows someone who has filed a personal injury complaint, as over 400,000 claims are filed each year. But if you’ve never been a plaintiff and you’re relatively removed from the legal industry, you probably haven’t given much thought to what it really means to receive a settlement in an injury case.

A catastrophic injury comes with lifelong medical care and possibly equipment, therapy, home nursing and other needs as well. On top of these unforeseen costs, it is likely that the injured person will be unable to work – at least in the same capacity as before the injury – which means less income and more bills. A personal injury settlement or jury verdict helps rectify the financial burden on the victim.

But it is often very difficult to extend a personal injury settlement over the lifetime of a plaintiff, even if it is a very large settlement. Most people have never received such a large lump sum, so naturally they don’t know how to properly plan for it. Companies like Milestone help implement strategies for complainants that are tailored to their financial needs and goals, and once those plans are in place, they set them up and forget about them. The claimant has the peace of mind that the settlement money will last for years and cover all of their needs, so they can move forward in life.

A distinct advantage that all personal injury claimants automatically have is that they receive their settlements as tax free income. In other words, anyone who receives monetary compensation in a personal injury case does not have to pay tax on that money. That’s a really big deal if you think about it – whether we’re talking about a $ 40,000 case or a $ 10 million case, there isn’t a higher tax bracket impending or the need to set aside some of the proceeds to pay next season IRS tax.

This rule also opens the door to incredible investment growth when an applicant uses what my company calls tax-free settlement design. Using an innovative planning process, these tax laws can be used to create an individual settlement account. Here’s how it works: A claimant invests any part of a personal injury settlement and is granted a 100% tax exemption of the investment income on that account. They receive regular, long-term payments and enjoy the tax-free growth that accompanies their settlement investment. It is that simple.

While there is no express part of the tax code for the design of the tax-free establishment as there is for a 401 (k) and other qualified pension plans, there is extensive tax guidelines regarding appropriate investment and income tax exemption for periodic payment obligations. – which is what tax free settlement design is basically.

If you want to learn more about how these accounts work, whether for yourself or a client, send me a DM on LinkedIn or call my office at 716-883-1833.


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Tips for managing the risks of your self-directed investment account https://usaprimeloans.com/tips-for-managing-the-risks-of-your-self-directed-investment-account/ Thu, 08 Jul 2021 07:00:00 +0000 https://usaprimeloans.com/tips-for-managing-the-risks-of-your-self-directed-investment-account/ Many people these days believe they can manage their investment accounts better than professionals and have chosen to sign up for a self-directed trading service rather than paying an advisor to manage their holdings. While such a decision might be wise if you are familiar with the financial markets, it may be more important to […]]]>

Many people these days believe they can manage their investment accounts better than professionals and have chosen to sign up for a self-directed trading service rather than paying an advisor to manage their holdings.

While such a decision might be wise if you are familiar with the financial markets, it may be more important to understand and manage the risks in your portfolio than to increase your returns or beat a certain benchmark.

So, if you have decided to build an investment portfolio on your own, whether for retirement or wealth building, the following tips can help you manage the systemic and non-systemic risks your holdings might face. throughout the journey using tools such as stop-loss orders and the size of the position.

Invest in what you understand

One of the best, but often overlooked, advice ever given by one of the world’s most successful investors – Warren Buffett – is that lay investors should only invest their money in companies and instruments that they fully understand. .

If you are a professional in the financial services, oil and gas, or aviation industry, you will likely feel more comfortable analyzing companies in these industries than tech or engineering companies.

By investing in things that you understand, you can gain an edge over other market participants and this might help you identify opportunities that others cannot see. In financial jargon, it’s called alpha.

Additionally, should the market fall, you will be able to keep your nerves in check as you can determine if the correction is unwarranted or if there is enough evidence to support the decline. This judgment will help you make more accurate and informed decisions.

Follow the principle of the safety margin

Warren Buffett’s mentor, Benjamin Graham, introduced the concept of “safety margin”In 1949 and since then it has become the pinnacle of value-driven investing methodology.

What this concept says is that after you have rated a certain company, you have to assume that you could be wrong with your valuation by at least 25%. Therefore, if the price the market gives you is still attractive enough after deducting this 25% reduction from your valuation, then you should continue investing.

The advantage of following this principle is that you will leave a margin of error on your estimates which is perfectly possible even for the most seasoned investors.

Use stop-loss orders

Stop orders were introduced by brokers to help investors limit their losses by setting a price at which they will be willing to sell their securities in the event the market turns against them.

This price is known as the stop price and it is important for investors who follow a self-directed approach to know what that price is for each of their holdings so that they can set those orders accordingly to avoid huge losses.

The importance of waist positioning

Positioning sizing, also called asset allocation, is a practice of monitoring the percentage that each investment represents in relation to the total portfolio. Most successful investors understand the importance of limiting the size of their positions to avoid being overly exposed to certain sectors of the market or to individual stocks that could drag the entire portfolio with them in case things turn out. wrong.

Likewise, you should limit the size of each of the holdings in your portfolio to a manageable number. Cryptocurrencies are one example. Even if they offer good potential, their withdrawal is sometimes also huge.

Therefore, to avoid a sharp drop in your account balance if the overall crypto market is heading south, you can limit your exposure to these financial assets to 5% to 10% depending on your risk tolerance. .

Final result

Portfolio management investing seems easier than it actually is, as investors might, in some cases, ignore the importance of risk management over the well-advertised importance of seeking return.

In this regard, by following some of the recommendations and tools outlined above, you can increase the chances of producing positive returns on your investments while limiting your losses in case things go as planned.

Posted on July 8, 2021


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Fast Credit Launches Investment Account for Maiden Children https://usaprimeloans.com/fast-credit-launches-investment-account-for-maiden-children/ Wed, 02 Jun 2021 07:00:00 +0000 https://usaprimeloans.com/fast-credit-launches-investment-account-for-maiden-children/ Wednesday Jun 02, 2021/09: 00 / Fast Credit Limited / Header image credit: Limited quick credit Fast Credit Limited, a leading finance house licensed by the Central Bank of Nigeria, which started operations in 2014, offers various investment and loan products for public and private sector staff. According to the Managing Director / CEO, Mr. […]]]>

Wednesday Jun 02, 2021/09: 00 / Fast Credit Limited / Header image credit: Limited quick credit

Fast Credit Limited, a leading finance house licensed by the Central Bank of Nigeria, which started operations in 2014, offers various investment and loan products for public and private sector staff.

According to the Managing Director / CEO, Mr. Emeka Iloelunachi, Fast Credit has made a significant investment in technology and with its recent migration to a world-class banking application (Temenos T24) as well as the deployment of 360 customer integration. degrees. app that focuses on redefining the customer experience. Likewise, the company has recently embarked on a fintech adventure and will launch over the next few weeks various customer-centric digital solutions such as the Fast Credit mobile app, USSD and other innovative products such as the ” kiddies Swag ”with the goal of deepening our footprint and making us the company of choice for lending, investing and other financial services.

To commemorate Children’s Day 2021, Fast Credit Limited launched an investment product for children and young adults to promote the continuity of quality education and financial literacy.

Yvonne Mamman, Head of Treasury and Accountability Management, said the company, in its desire to empower the public and encourage sustainability, is launching the “Kiddies Swag” Fast Credit account, an investment product fully digitized aimed at securing the future of our children and society in general. This product will imbue young parents and children with the culture of saving desired for wealth creation.

The “Kiddies Swag” account is designed for children, adolescents and young adults 0-18 years old. The minimum opening account balance is one hundred thousand naira (100,000 naira), with an interest rate of 9% per annum and attractive incentives and freebies such as exam fees fully paid and approved by the government for common entry, JSCE, WAEC and Cambridge. The “Kiddies Swag” product will be available on the various digital channels that the company is about to launch.

To get started, visit https://fastcredit-ng.com/invest_/or call 01-8885046.


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