100 CSKD http://100cskd.com/ Tue, 17 May 2022 21:54:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://100cskd.com/wp-content/uploads/2021/06/cropped-icon-32x32.png 100 CSKD http://100cskd.com/ 32 32 The Importance of Sinking Funds https://100cskd.com/the-importance-of-sinking-funds/ Tue, 17 May 2022 21:54:00 +0000 https://100cskd.com/the-importance-of-sinking-funds/

LANSING, Mich. (WILX) — From family vacations to holiday gifts, there are expenses that you know happen every year.

The costs are predictable, but many people are still unprepared.

If you rely on your credit card or dip into your savings each year for predictable costs – things you know you have to pay like your homeowner’s association fees, your car tax, holiday gifts and birthday gifts – there is a way to stop the cycle.

Experts said you might consider using one or more “sinking funds.” It’s a savings account dedicated to a particular expense that you finance little by little with regular payments.

You would add a sinking fund to your budget for expenses that occur at the same time each year or to plan for a major purchase: say a couch or a set of bedroom furniture. Your emergency fund should be for real emergencies.

The sinking fund has a specific purpose, it makes you think ahead and budget $20-30 per month to prepare for expenses that really shouldn’t surprise you each year.

After: Monitor your portfolio

Copyright 2022 WILX. All rights reserved.

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£14m investment in new housing announced for King’s Hall site https://100cskd.com/14m-investment-in-new-housing-announced-for-kings-hall-site/ Tue, 17 May 2022 18:19:00 +0000 https://100cskd.com/14m-investment-in-new-housing-announced-for-kings-hall-site/

Dozens of new rental flats for the elderly will be built in King’s Hall, south Belfast, as part of the wider £100million regeneration of the 16-acre site.

The £14million investment by Choice Housing will provide the 45 one- and two-bedroom apartments for the over-55s as well as 36 private rentals, which will be let through Maple and May.

It is the latest addition to the King’s Hall Health and Wellbeing Park currently being developed by Benmore of Belfast and UK property investor Octopus, which manages £2bn of assets.

Development of the iconic Lisburn Road site, by purpose-built vehicle Benmore Octopus, envisions a mix of residential development, retail and leisure facilities, alongside businesses involved in the medical and life sciences sectors.

Choice Group Managing Director Michael McDonnell said: “Investing in mixed residential living is a long-term commitment for Choice and being part of this regeneration project allows us to further demonstrate the benefits of this as a long-term sustainable housing option.

He added: “There has been significant investment in the Belfast City Council area with 15 developments completed over the last three years, an investment of over £66m which further demonstrates our commitment to meeting the need growing supply of quality affordable housing in the Belfast area”. .

H&J Martin Construction has been awarded the contract to build the subdivision off Balmoral Avenue, with an estimated completion date of May 2024.

The development will also be serviced by private parking, a common amenity area and part-time concierge service.

Kevin McKay, President of Benmore Octopus, said, “We are delighted to welcome Choice Housing to Kings Hall Health and Wellbeing Park. The development will enrich the mix of occupants on the site and help realize our vision of creating an offering that delivers the future of healthcare.

FanDuel promo code: $1,000 for NBA, NHL and MLB games https://100cskd.com/fanduel-promo-code-1000-for-nba-nhl-and-mlb-games/ Mon, 16 May 2022 18:15:18 +0000 https://100cskd.com/fanduel-promo-code-1000-for-nba-nhl-and-mlb-games/

This FanDuel promo code ups the ante on all the action this week. It comes at the perfect time for all types of sports fans. There are playoffs in the NBA and NHL as well as plenty of MLB games as the season kicks into high gear.

The latest FanDuel promo code gives new users a simple deal. Sign up to grab a $1,000 risk-free bet that can be applied to any number of events. Players who win on this initial bet will earn money. Those who don’t will receive a full refund in site credit and a second chance to win big.

The NBA playoffs move to the conference finals this week. The Boston Celtics and Miami Heat will meet in the Eastern Conference with their first game on Tuesday. On the West side, Luka Doncic leads his Dallas Mavericks against Stephen Curry and the Golden State Warriors. This FanDuel promo code can be used on the NBA or any other sport this week including the NHL playoffs.

Click here to register with the latest FanDuel promo code and place a risk-free initial bet up to $1,000. This offer can be used on NBA, NHL, MLB, Football, etc.

$1000 Risk Free Bet FanDuel Promo Code

There is nothing complicated in risk-free betting. They amount to a second chance for anyone who is unlucky on that initial bet. This is not a guarantee that players will win with a risk-free bet, but it definitely shifts the balance in favor of the bettor.

This FanDuel promotional code offers new users one of the biggest risk-free bets in the market. Bettors can receive 100% backing on all bets up to $1000. For example, someone who loses on a $500 bet will receive $500 in site credit.

With tons of options on the board this week, there should be something for every sports fan.

How to get started with this FanDuel promo code

Getting started with this FanDuel promo code is an easy way to lock in a $1,000 risk-free bet. Follow the step-by-step guide below to get started:

  • Click on here to create an account and lock in this $1,000 risk-free bet.
  • Make a deposit using one of the secure and convenient banking methods (PayPal, bank transfers, credit/debit cards, etc.)
  • Download the FanDuel Sportsbook app on any compatible mobile device.
  • Place a risk-free bet up to $1,000 on any available market.

Other ways to bet this week

This $1,000 risk-free bet is the best way to get started with FanDuel Sportsbook, but it’s not the only way to win. Check the promotions page for an ongoing list of special offers for new and existing users.

They have a sweat-free NBA Same Game Parlay, Dinger Tuesdays, and more. Not to mention that they are constantly updating their daily odds boost page with great offers on the biggest games. In other words, some of the best deals around are out there for punters.

Click here to register with the latest FanDuel promo code and place a risk-free initial bet up to $1,000. This offer can be used on NBA, NHL, MLB, Football, etc.

Useful tips to help you prepare for a vacation trip https://100cskd.com/useful-tips-to-help-you-prepare-for-a-vacation-trip/ Mon, 16 May 2022 05:28:36 +0000 https://100cskd.com/useful-tips-to-help-you-prepare-for-a-vacation-trip/

Planning a vacation trip? If so, it’s important to start preparing well in advance. There are a lot of things to consider, like packing your bags and getting your travel documents in order. Plus, there are some additional steps you need to take to make sure your trip goes smoothly. In this article, we will give you some useful tips to prepare for your vacation. Follow these tips and you’ll be ready for anything!

Pack your bags

The first step in planning your vacation is to start packing your bags. It is important to bring everything you will need, including clothing, toiletries and any medications you take. Also, be sure to pack all the essentials such as your passport and travel insurance documents. If you’re traveling with young children, it’s also a good idea to pack snacks and activities to keep them busy on the trip. However, keep in mind that you should not overpack as your chosen airline may have weight restrictions. Plus, it’s much easier to travel when you have less luggage to carry.

And additional equipment

Besides clothing and your essential documents, there are other items you should take with you on your trip. For example, if you plan to go hiking or camping, be sure to pack the appropriate gear. Also, if you’re going to be spending time in the sun, don’t forget to pack sunscreen and sunglasses. If you are going to the seaside, you may need to bring easy to pack inflatable SUP boards, snorkels and fins. Whatever your plans, be sure to pack everything you need for a safe and enjoyable trip.

Confirm your reservations

Once you’ve started packing, the next step is to confirm all your travel arrangements. This includes booking your flights, hotels, rental cars and any other reservations you have made. Be sure to double-check your flight dates and times and make sure your hotel reservations are confirmed. Also, if you are renting a car, be sure to confirm your reservation and ask about any additional charges that may apply. When you make the necessary arrangements in time, it will be one less thing to worry about during your trip.

Arrange for your pet

If you have a furry friend that you cannot take with you on your trip, you will need to make arrangements for them. This includes finding a pet sitter or pet motel that can care for them while you’re away. If possible, try to find a friend or family member who can watch your pet for you. This way you will know that they are well taken care of and you won’t have to worry about them while on vacation. Also, be sure to buy enough food and supplies for your pet to last while you’re away.

Make a plan

Once you’ve taken care of all the logistics, it’s time to start planning your trip. This includes deciding what activities you want to do and where you want to go. If you’re traveling to a new city, research the best restaurants, attractions, and sights to see. Also, make a list of things you want to do and see, so you can make the most of your trip. And don’t forget to plan some downtime to relax and enjoy your vacation. When you have a plan in place, you’ll be less likely to feel overwhelmed during your trip.

Check the events happening during your visit

Along with researching the best attractions in your chosen destination, you should also check to see if any events are happening during your visit. This includes festivals, concerts and other special events. If you are traveling during a season, there should probably be events. If events are happening, you might want to buy tickets in advance so you don’t miss a thing. Also, be sure to check the event website for any updates or changes that may occur. When you know what’s happening in advance, you can plan your trip around events and make the most of your time.

have a budget

One of the most important aspects of vacation planning is having a budget in place. This will help you avoid overspending and ensure you have enough money to do the things you want to do. When creating your budget, be sure to factor in the cost of flights, hotels, food, activities, and souvenirs. Also, you should put some money aside for unexpected expenses. For example, if your flight is delayed, you may need to spend an extra night in a hotel. Having a budget will help you have a stress-free trip and avoid financial problems. It will also help you relax and enjoy your trip knowing you’re not spending too much.

Buy travel insurance

Finally, one of the most important things you can do to prepare for your trip is to buy travel insurance. This will protect you in case of any problems that may arise during your vacation. For example, if you become ill or injured, travel insurance will help cover the cost of medical treatment. Additionally, if your flight is canceled or you have to cancel your trip for any reason, travel insurance will reimburse you for all non-reimbursable expenses. When planning a vacation, be sure to purchase travel insurance so you can relax and enjoy your trip knowing you’re protected. However, be sure to do your research and compare different policies to find the right one for you.

There it is. If you’re planning a vacation soon, be sure to pack accordingly, make the necessary arrangements, have a budget, and purchase travel insurance. By following these tips, you can prepare for your trip and avoid any stressful situation. And remember, the most important thing is to relax and enjoy your vacation. So don’t forget to have fun! We hope this article has been useful to you and that you have a good trip. Travel safely!

Hygrovest Limited sells its investment in Entourage Health Corp https://100cskd.com/hygrovest-limited-sells-its-investment-in-entourage-health-corp/ Mon, 16 May 2022 03:01:43 +0000 https://100cskd.com/hygrovest-limited-sells-its-investment-in-entourage-health-corp/

Hygrovest Ltd (ASX:HGV) will support proposed changes to the terms of unsecured convertible debentures issued by Entourage Health Corp (ENT) that would allow the company to dispose of its investment in ENT convertible debentures above current book value.

In particular, the sale will advance the maturity date to June 30, 2022 and reduce the redemption percentage from 100% to 60% of the nominal value.

If the meeting of ENT noteholders approves the changes, ENT will repurchase the notes from Hygrovest for C$3.6 million plus accrued interest on or about June 30, 2022, representing a premium to the carrying value of HGV of C$2.5 million as of April 30, 2022.

Divestment Summary

“The divestment of HGV’s investment in ENT at a significant premium to our book value is an important step in realizing HGV’s underperforming cannabis investments and applying these funds to sectors that have higher growth prospects,” said Peter Wall, non-executive chairman of HGV.

Hygrovest made its initial investment in ENT in September 2019 and now has a current book value of C$2.5 million comprising:

  • C$6 million in 8.5% unsecured convertible debenture units issued by ENT that HGV has the option to convert into 3.75 million shares by the maturity date of September 25, 2022.
  • Bond units take priority over common stock with interest paid to HGV on a semi-annual basis.
  • The market value of the tickets is calculated by multiplying the 6 million Canadian dollars by the market price divided by 100.
  • Listed warrants that allow HGV to acquire an additional 3.75 million shares for C$1.80 each by September 25, 2022.

The sale was brokered by Parallax Ventures Inc, on behalf of Hygrovest

Based on the approval of the resolutions by the ENT bondholders, Hygrovest will have generated a loss of 18% on the initial investment (after taking into account cash interest received).

Although the investment return was well below expectations at the time of the initial investment, it should be noted that the return is significantly higher than that of the publicly traded Canadian cannabis sector, which has declined by approximately 70% since January 2020.

3 Best Dividend Stocks for Retirement https://100cskd.com/3-best-dividend-stocks-for-retirement/ Sun, 15 May 2022 11:19:00 +0000 https://100cskd.com/3-best-dividend-stocks-for-retirement/

Pactive income is perhaps the most attractive benefit a stock can offer a retiree. When this is the primary objective, the higher the dividend yield, the better. But that comes with a caveat: only as long as the stock is supported by an established and reliable company.

There are extremely high dividends that carry risks, such as Annaly Capital Management, a mortgage real estate investment trust (mREIT) that yields more than 13%. Since it deals with mortgages, it is very sensitive to changes in interest rates. This makes it potentially inconsistent, which might suit a young investor, but wouldn’t work as well for a retiree dependent on consistent income.

Also, the best portfolio is a diversified portfolio, so you would want to spread your confidence across different industries and not just invest in REITs, for example. Considering these factors, I recommend Real estate income (NYSE:O), Prudential Financial (NYSE: PRU)and Procter & Gamble (NYSE:PG).

Image source: Getty Images.

1. Real Estate Income: A Leading REIT

Realty Income is a growing, high-yielding REIT that’s about as reliable as REITs get. A REIT owns and leases properties and is structured to pay out 90% of its income as dividends, which is why REITs are generally sought after passive income streams.

There are several reasons why Realty Income is a top REIT. One is the sheer number of properties it operates – more than 11,000 (after acquiring fellow REIT VEREIT last year), making it one of the largest REITs in the world. It also typically works with large, secure chain stores in essential industries.

These strong tenants proved themselves at the start of the pandemic when they were allowed to stay open and pay their rent as non-essential stores had to close, with some of them delaying rent payments or shutting up shop altogether. . Its top five tenants (as a percentage of the portfolio) are Walgreens7 eleven, General dollar, dollar treeand fedex.

However, Realty Income works with over 1,000 tenants in 70 areas. It maintains an occupancy rate of nearly 99% and the weighted average duration of the remaining leases for its tenants is nearly nine years, which gives it a solid long-term position.

In the first quarter, net earnings per share fell from $0.26 to $0.34, and adjusted operating funds, a standard measure for assessing REIT performance, were up 47% year over year. the other to reach $1.02. As for its dividend, it pays a monthly dividend and has done so for 621 consecutive months, including 98 quarterly increases.

Its dividend yields 4.5% and retirees need look no further for a stable and consistent dividend.

2. Prudential Financial: a financial powerhouse

Prudential is a financial services company that provides insurance policies, pension plans and general investment services for individuals. It’s one of the oldest companies in the United States, dating back to 1875, and it prides itself on its stability – so much so that its logo is the rock of Gibraltar, although many people recognize it as the prudential rock. . The company has over $1.6 trillion in assets under management, with its largest presence in the United States, although it operates globally.

As a financial services company, Prudential is very sensitive to changes in interest rates. This was evident in the first quarter, when it recorded a loss of $31 million, after net profit of more than $2 billion last year. However, this cash-rich company maintains a steady load on its balance sheet, with more than $16 billion at the end of the first quarter and nearly $520 billion in stocks and bonds.

It is not a growth company and investors should not expect high gains from its shares. This is why it is incredibly cheap, trading at less than 6 times last 12 months earnings. What they can expect is an extremely reliable dividend yielding 4.6% at the current price, has been increased over the past 14 years and should provide years of passive income.

3. Procter & Gamble: all your household essentials

Procter & Gamble markets household products under many of your favorite brands, such as Tide laundry detergent, Bounty paper towels and Oral-B dental hygiene. It’s even older than Prudential — since 1837. The company had $79 billion in 12-month sales, and sales in the third fiscal quarter (ended March 31) were up 7% year-over-year. other. So, despite being an established giant of the essentials, it still manages to increase its presence and capture market share.

Like most businesses, Procter & Gamble has faced rising costs due to inflation and supply chain safeguards. However, he managed to overcome these difficulties with price increases and cost reductions. One of the benefits of being a large, stable company is the ability to leverage relationships and processes to manage challenges, which is why Procter & Gamble is an attractive stock to own.

The other reason is the dividend. Not only is Procter & Gamble a dividend king, but it has one of the longest streaks of annual dividend increases in the market at 66.

Its stock yields 2.3% at the current price, the lowest on this list. This declined as the price per share rose.

PG Dividend Yield Chart

PG Dividend Yield Data by YCharts

Procter & Gamble’s dividend is the kind you can rely on without thinking about it, making it a great choice for retirees.

10 stocks we like better than Realty Income
When our award-winning team of analysts have stock advice, it can pay to listen. After all, the newsletter they’ve been putting out for over a decade, Motley Fool Equity Advisortripled the market.*

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Jennifer Saibil has no position in the stocks mentioned. The Motley Fool has posts and recommends FedEx. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Police: Check for identity theft if you used a credit/debit card at Millbrook McDonald’s https://100cskd.com/police-check-for-identity-theft-if-you-used-a-credit-debit-card-at-millbrook-mcdonalds/ Sat, 14 May 2022 15:22:00 +0000 https://100cskd.com/police-check-for-identity-theft-if-you-used-a-credit-debit-card-at-millbrook-mcdonalds/

Post :


Shytavious Davis – Elmore County Jail Photo

Millbrook Police say anyone who has used a credit or debit card at McDonald’s in the town in recent days should check for identity theft.

It’s because of an identity theft investigation that police say involves 20-year-old Shytavious Davis of Montgomery, who they say is an employee of the restaurant.

According to the police, on May 7, one person reported that someone used their debit card information to make purchases at various businesses without their knowledge or approval. Police say the person told them she used her debit card at this McDonald’s drive-thru window.

According to police, surveillance video showed Davis took photos of the debit card before returning it to the person.

On May 12, Davis was arrested on one count of impersonation and taken to the Elmore County Jail.

“Anyone who was able to visit our local McDonald’s on or around May 6and and used a debit or credit card to make a purchase, we encourage you to check your account for any unauthorized purchases that may have occurred. If so, please contact the police department and report the violation. This case remains active as we want to ensure we have no additional victims,” Millbrook Police Chief PK Johnson said in a statement.

]]> The 8 cheapest European cities to fly this summer https://100cskd.com/the-8-cheapest-european-cities-to-fly-this-summer/ Sat, 14 May 2022 14:00:00 +0000 https://100cskd.com/the-8-cheapest-european-cities-to-fly-this-summer/

From Ibiza to Santorini, holidays in Europe are hardly known for being friendly to travelers’ bank accounts. Despite this, many other cities in Europe are just as popular and charming, allowing tourists to explore the continent while spending less. With airfares to Europe becoming more affordable in recent years, medieval squares, towering cathedrals and clean beaches are no longer an unattainable dream for tourists on a budget.

As expected, low-cost airports are found in the busiest metropolitan cities, littered with tourist destinations. Let’s take a look at the 8 cheapest European cities to fly to this summer

8 Milan, Italy

Milan is popular for its location which offers good transport links to other cities in the country. This allows visitors to easily transition from touring busy streets to hiking through alpine forests. The beautiful city is cheaper to visit than Rome, much to the delight of tourists looking for an extended stay. The place boasts of azure blue lakes. Some exciting places to visit are Parma and Verona.

  • Direct flights from: New York
  • Ticket price: $450
  • Recommendation: Lake Como, Hotel Dateo Milano and Ostello Bello

7 Dublin, Ireland

Getting lots of sunshine is rare on an Irish getaway, but summer in Dublin gives tourists something to celebrate. Dublin Airport is home to RyanAir, Ireland’s largest low-cost airline, making it easy for anyone to travel across cities across the continent. With the exception of an expensive drink in most local bars, a vacation in the bustling city is friendly to any backpacker who doesn’t want to be extravagant. For music lovers, don’t miss the Summer in the City festival which takes place every year at the RDS Arena.

  • Direct flights from: New York, Dallas, Atlanta, Washington, Orlando, San Francisco, Seattle, Los Angeles, Boston and Orlando
  • Ticket price: $450
  • Recommendation: Temple Bar, Guinness Storehouse and Jurys Inn Dublin

Related: These European destinations are great to visit all year round

6 Budapest, Hungary

Looking for one of the cheapest points to get to Europe? Budapest is the best choice for budget travelers. In this city, it’s easy to bask in a luxurious experience that might otherwise be unaffordable in other cities. From imposing castles to well-preserved botanical gardens, the city entices travelers to extend their stay. Budapest’s world-class hotel spas are something no tourist should miss.

  • Direct flights from: New York (seasonal)
  • Ticket price: $300
  • Recommendation: Avenue Hostel, Prestige Hotel Budapest and Mystery Hotel Budapest

5 Madrid, Spain

Known for its rich history and vibrant culture, Madrid looks like a bargain. Dotted with several stadiums, Madrid rivals its sister city, Barcelona, ​​in an infectious sporting culture in the summer. Hotels like Cats Hostel Madrid Sol can cost as little as $21, making it very appealing to many backpackers. Plus, the local culture of tapas, cheap bites and glasses of beer, can qualify for a fun night out in Madrid.

  • Direct flights from: New York, Dallas and Miami
  • Ticket price: $300
  • Recommendation: Cats Hostel Madrid Sol, Generator Madrid and Woohoo Suites Madrid

Related: Want to learn more about European history? Visit these 10 communities

4 Athens, Greece

Undoubtedly, any tourist who has been to the Greek capital always has a story to tell. The city’s ancient architecture, massive stadiums and monuments like the Acropolis guarantee an unforgettable visit during the summer. Contrary to its famous history of political instability, Athens’ calm continues to attract the attention of more tourists every year. A nice money saver is the fresh food in and around town.

  • Direct flights from: New York, Atlanta (seasonal) and Chicago (seasonal)
  • Ticket price: $289
  • Recommendation: Athens One Smart Hotel and Mosaikon

3 Lisbon, Portugal

Portugal’s stunning capital continues to grow in popularity, especially for travelers looking to get the most out of their vacation dollars. Lisbon is located on the coast of the Atlantic Ocean, offering tourists one of the most beautiful beaches in Europe. The charming town is known for its amazing hotels that compete for the lowest prices.

  • Direct flights from: Chicago, Boston, Miami, DC and San Francisco
  • Ticket price: $375
  • Recommendation: GSpot Party Hotel Lisbon and Hotel White Lisboa

2 Istanbul, Turkey

Istanbul has fabulous architecture that is the envy of the rest of Europe. The country’s struggling currency is the biggest contributing factor to affordable extended stays for any traveler. The country is a growing tourist attraction, thanks to its Ottoman-themed museums and a dazzling display of Islamic artwork. Seriously, there is so much to see and experience in Istanbul.

  • Direct flights from: New York, DC, Philadelphia
  • Ticket price: $375
  • Recommendation: Ramada by Wyndham Istanbul

1 Warsaw, Poland

For tourists after hot summers, don’t rule out a getaway to Warsaw. Brimming with three beautiful beaches, a craving for sand bathing and beach activities makes Warsaw an easy choice for many. the Warsaw Uprising Museum, The Royal Castle and the Galleria Forty are the best tourist destinations in Warsaw. The old town center is also a hub for local cuisine

  • Direct flights from: New York, Newark, Miami, Los Angeles, Chicago and San Francisco
  • Ticket price: $250
  • Recommendation: Tatanka Hostel, Warsaw Marriott Hotel and Sofitel Warsaw Victoria

Ljubljana Old Town, Slovenia

10 underrated European cities to visit this summer

Read more

About the Author

“Never Invest More Than You Can Afford to Lose” and Other Tips to Protect Yourself From Crypto Crashes https://100cskd.com/never-invest-more-than-you-can-afford-to-lose-and-other-tips-to-protect-yourself-from-crypto-crashes/ Sat, 14 May 2022 09:53:46 +0000 https://100cskd.com/never-invest-more-than-you-can-afford-to-lose-and-other-tips-to-protect-yourself-from-crypto-crashes/ “I thought crypto was profitable. It really had an impact on my mental health. Mumbai-based student Ajay Mutke sums up the sentiment felt by thousands of crypto investors following the dramatic collapse in the value of cryptocurrencies in recent days. The 26-year-old who borrowed Rs 50,000 from his father to invest in crypto, says he suffered losses of over 60% of his initial investment.

Crypto investors are worried because the largest cryptocurrency in the world, Bitcoin and other digital coins continue to plunge. The entire crypto market now has a market cap of $1.2 trillion, less than half of the $2.9 trillion it was worth in November. The crypto plunge is likely to scare off some of the retail investors who poured money into crypto during its rise.

Ali Ittarwala also suffered significant losses in the recent market crash. The 41-year-old says he panicked as he continues to find ways to cut his losses. “I woke up in the morning and suddenly my crypto wallet was red,” he says, adding that he had invested most of his savings in cryptoassets.

Crypto price dips are usually presented as a buying opportunity, which drives the price higher. However, it is unclear whether investors will “buy the dip” this time.

Ankita Bhatnagar, a 19-year-old medical student, who had recently invested in crypto on the advice of her friends, now regrets her decision. “What a waste of time,” she sighs, emphasizing her frustration at losing all her pocket money.

In today’s column, we discuss strategies for investing in cryptocurrencies safely, so that you don’t invest more than you can afford to lose.

Risks to consider before investing

It is important to understand what you are getting into before investing in digital assets. First of all, the cryptographic nature of Blockchain should be understood by every investor.

Investors need to understand how a transaction is recorded in a distributed database and how different blockchains support different cryptocurrencies. What is important to understand is the technology that drives these parts.

For example, in the recent case of Luna stable crash, While stablecoins promise to remain stable even if the crypto market fluctuates, due to technical anomalies, Luna’s price has fallen over 99%.

Do not be shocked if you see the value of cryptos increase or decrease significantly. In fact, they have been known to rise and fall by double digit percentages within hours. Volatility is what drives investors to bet big on crypto. This is due to a range of factors including supply and demand for the coin, user sentiments, government regulations and sometimes even a tweet from tech entrepreneurs like Elon Musk.

Unfortunately, the world of crypto is flooded with scams. Fake identities, apps, crypto wallets, and emails are all designed to trick victims into giving up their private keys, the cryptographic equivalent of a password. Then there are the classic coins that take advantage of fads and run away with investors’ money. For example, the recent case of the Squid Game tokenprevented many holders from reselling their tokens, ultimately robbing them of millions of dollars.

While cryptos are widely accepted, it is still difficult to regulate them. Also, if a crypto exchange holds your assets, there is always a risk that you will lose all your capital.

Invest safely

One thing is clear: cryptos are risky investments and could lead to significant financial losses. So designing a risk tolerance plan can help. Follow the rule of thumb, only invest what you can afford to lose. If you are unable to bear the probable total loss of your crypto investment, it means that you cannot afford to take the risk of investing the amount you are considering.

Only invest money that will not change or harm your lifestyle in any way. Try to invest a small portion of your earnings. Here’s a mantra to follow: give yourself a certain amount to invest each month, and when you’ve run out, don’t invest more. This way, even if you lose all your money, it doesn’t jeopardize your financial stability.

Putting all your eggs in one basket is not the right strategy in the crypto world. What is better is to divide your investable income into different coins and exchanges. This is because not all exchanges have the same assets. For example, if you are looking to invest in different coins, maybe choose a stablecoin, a coin that runs on proof-of-work consensus algorithms such as Bitcoin, Ethereum, etc., and a eco coin. By spreading your investments across different digital assets, crypto investors can reduce the overall risk profile.

The key to effective crypto investing is to use the “limit order” feature. Use the algorithm to your advantage. Start limiting orders, so even if you sleep and the price crashes, you can still protect yourself if the market moves against you.

Only leverage what you can afford. If you buy coins, go for small amounts, don’t fill your wallet with large amounts of coins. That said, if you use too much leverage, your trades won’t have enough time to breathe and you can lose all of your capital in a stock market crash.

Last but not least, hold onto your coins, crypto is infamous for its volatility, but investors have only made massive profits after holding their coins. Long-term investors should focus more on holding than buying.

Last word

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Why Open Mortgage is doubling down on its reverse business https://100cskd.com/why-open-mortgage-is-doubling-down-on-its-reverse-business/ Fri, 13 May 2022 19:21:40 +0000 https://100cskd.com/why-open-mortgage-is-doubling-down-on-its-reverse-business/

Austin, Texas-based multi-channel lender Open Mortgage announced earlier this month that it would expand and “double” its reverse mortgage business segment, after appointing the lending industry veteran Reverse Mortgage Charith Rodrigo as one of two new National Reverse Mortgage Directors. sales, the other being Open Mortgage’s longtime reverse professional Patty Wills.

A company spokesperson also previously confirmed to RMD that it plans to double existing reverse mortgage staff, with “a focus on expanding the retail division’s footprint. adding and supporting new branches and loan originators,” the company said in a statement.

For more context on the reasoning behind the move, RMD spoke with Scott Harkless, Open Mortgage’s recently appointed chief revenue officer and himself a veteran of the reverse mortgage industry.

Culture Informed by the Reverse, Challenging Business Environment

One of the things that initially drew Harkless to the Open Mortgage organization was its focus on culture, something he now sees firsthand as he helps facilitate this expansion of the reverse mortgage business. , he said.

“I’m very happy with the culture at Open Mortgage,” he says. “The industries are obviously strong, but one of the areas that isn’t always considered in business – and certainly in the mortgage industry – is culture. We always look at profitability and revenue lines, you spend a lot of time at work. Do you enjoy working with the people you work with? Does it create a family setting? This is also reflected in the way the customer is treated. That’s what Open Mortgage does, and I’m very, very happy with the family I’ve joined.

Rising term mortgage rates as a factor

Scott Harkless

Beyond his satisfaction with the corporate culture, Harkless also acknowledges that the traditional term lending space is currently being challenged by a high-rate environment. By pouring more resources into a business channel that isn’t as heavily influenced by rates as the traditional mortgage space, the value proposition for American seniors increases.

“I would say that in the context of rising inflation and rising rates, and a very tight housing market in terms of inventory, it’s very challenging for traditional lending operations right now. “, says Harkless. “It’s not impossible, but it’s hard. These complicating features of traditional lending in many ways improve the value proposition of the reverse mortgage product, particularly with respect to home equity.

Older homeowners – who as a cohort are more likely to have higher levels of capital than their younger counterparts – have experienced record levels of home price appreciation very recently, only highlighting that their workable capital increased proportionally, says Harkless. The other major element of this situation is the record level of inflation seen in the economy, which can have a disproportionate impact on anyone living on a fixed income.

“For people who actually have equity in their home that they can free up through the reverse mortgage product, inflation heightens the need to tap into that equity because most people – regardless of income bracket – want a fixed income when they retire,” he says. “Do you want inflation to change your retirement goals, or do you want to find ways to improve your ability to meet those goals despite what’s happening in the market?” So I think inflation accentuates [the reverse mortgage need].”

Post-pandemic retirement and a new need for a reverse mortgage

The other factor playing into this decision is the impact of the COVID-19 coronavirus pandemic on American seniors. As documented in many previous covers, congregate care facilities became less appealing prospects for seniors at the height of the pandemic and shifted seniors’ priorities more towards the concept of aging-in-place.

This has led to increased interest in reverse mortgage products that continues to linger for some lenders, and is a factor that helps inform Open Mortgage’s strategy in expanding its reverse mortgage business, Harkless says. .

“After going through a pandemic, there is much greater interest [for people choosing to] stay home,” he said. “It also contributes to the challenges on the front side, because people are not downsizing their houses, so they are not moving as they would have done before. The older population is much more inclined to stay put now than to do some of the things they would have done in the past. This also improves the reverse mortgage.

With more and more seniors in the United States and around the world communicating a desire to age in place, some may find that a plan needs to be in place before a solid decision can be made. That plan can include a reverse mortgage, another reason why such an expansion makes more sense for Open Mortgage, he says.

“How are they going to age in place?” Harkless asks rhetorically. “Is their house equipped for them to stay there long term? What if they have a medical event or certain other needs? Does their financial situation correspond to the needs they have? If not, and they don’t want to sacrifice some of their larger retirement goals, they need to find a way to achieve them. Unlocking the equity in your home through a reverse mortgage is a tool that could have a very profound impact on their toolbox. »

The Immediate Reverse Mortgage Strategy

Such investment and expansion of the company’s reverse mortgage channel cannot happen overnight, and Harkless makes it clear what steps will be needed for Open Mortgage to achieve its new reverse mortgage goals.

“Our immediate strategy is to ensure that, first, we have the operational excellence capability to deliver,” he says. “One of the reasons we offer a wholesale model to our mortgage broker partners, and one of the reasons we invest heavily from a retail model, is that Open Mortgage wants to be held locally accountable. We are not afraid of it, we want it. It’s because we believe people who are retiring deserve this kind of local accountability.

This means that the service provided to partner wholesale brokers must be of a high standard and must be able to absorb and facilitate the entry of new players into the reverse mortgage industry, he says.

“We have the ability to walk them through the process until they develop their own expertise and get to the point where reverse mortgages are second nature to them,” he says. “But, they have to see the same things as me, which is that there is a deep need in the market that is not being met.”

Look for more information on Open Mortgage’s reverse mortgage expansion soon.