Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.
Turkey’s President Recep Tayyip Erdogan has announced his country will boycott US electronic products, after Washington imposed punitive sanctions on Ankara.
President Erdogan said, referring to Apple and its South Korean competitor: “If [the US] has the iPhone, there’s Samsung on the other side.”
Last week, the US doubled tariffs over Turkey’s refusal to extradite US pastor Andrew Brunson who is imprisoned there.
Turkey’s weakened currency, the lira, plunged by a full 20% in response.
President Erdogan said his country was taking measures to stabilize the economy, and should not “give in to the enemy” by investing in foreign currencies.
At a news conference on August 14, Russia’s Foreign Minister Sergei Lavrov, who is visiting Ankara, branded the US sanctions an illegitimate policy. He accused the US of seeking an unfair competitive advantage in global trade.
Since January, the Turkish lira has lost more than 34% of its value against the dollar, pushing up the price of everyday items.
President Donald Trump tweeted: “I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!”
President Erdogan has presided over soaring inflation and borrowing levels, but insists the lira’s plight is the result of a “campaign” led by foreign powers.
In a TV address last week, President Erdogan called on Turkish citizens to exchange foreign currency and gold for lira, calling it an “economic war”.
Now it appears there may be a small respite for the flailing currency, which has gained slightly in value after days of dramatic falls.
Turkey’s central bank has promised to provide banks with liquidity. The finance minister – who is also President Erdogan’s son-in-law – will seek to reassure around 1,000 international investors in a teleconference scheduled for August 16.
President Erdogan has accused the US of trying to “bring Turkey to its knees through threats over a pastor”.
However, the US insists Andrew Brunson, a long-time Turkish resident who ran the tiny Izmir Resurrection Church, is “a victim of unfair and unjust detention”.
An evangelical from North Carolina, Andrew Brunson has been held in Turkey for nearly two years over alleged links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup in 2016.
White House press secretary Sarah Sanders said the US had seen “no evidence that Pastor Brunson has done anything wrong”.
Andrew Brunson has denied charges of espionage, but faces up to 35 years in jail if found guilty.
The ruckus between Turkey and the US has impacted on other countries’ currencies, including the Indian rupee, as investors fear the lira’s wobbles could spread to developing nations.
On August 14, India’s government urged people not to panic on Tuesday after the rupee slid to an all-time low against the dollar.
Brazil Russia, Argentina, South Africa and Mexico have also seen their currencies fall over the last week.
The price of a liter of petrol in Venezuela currently stands at 1 bolivar. On the black market, Venezuelans pay more than 4 million bolivares for one US dollar.
That means that for the equivalent of one dollar, Venezuelans can fill the tank of a medium-sized car about 720 times.
Smuggling the subsidized fuel from Venezuela into neighboring countries, where prices are much higher, is big business.
According to government figures, Venezuela loses $18 billion to fuel smuggling annually. President Maduro says adapting Venezuelan fuel prices to international levels will stamp out smuggling.
The move is part of a wider plan to increase government revenue in the face of falling oil production, the country’s main export income.
According to President Maduro “only those individuals who don’t answer the call to register will have to pay fuel at international prices”.
He said that all Venezuelans who hold the “Fatherland ID”, a government-issued identity card introduced by his administration in 2017, will continue to receive “direct subsidies” for “about two years”.
However, many Venezuelans opposed to Bicolas Maduro’s government have refused to get the ID cards, alleging they are used by officials to keep tabs on them.
President Maduro introduced the new ID card in January 2017 arguing it would serve to make his socialist government’s social programs more effective.
The price rise is therefore expected to hit opponents of President Maduro in greater numbers than those who support him.
Nicolas Maduro said he would announce further details of how the new subsidies scheme would work in the coming days. It is expected to come into effect on August 20.
President Donald Trump has tweeted that it is “great” that many Harley-Davidson owners plan to boycott the company as a row over tariffs escalates.
Two months ago, Harley-Davidson said it would move some production out of the US to avoid retaliatory tariffs from the EU.
President Trump has already attacked the move, threatening Harley with higher taxes.
He tweeted: “Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas. Great! Most other companies are coming in our direction, including Harley competitors. A really bad move! U.S. will soon have a level playing field, or better.”
Harley-Davidson refused to comment on President Trump’s latest criticism, but pointed to an interview CEO Matthew Levatich did with CNBC last month.
In the interview, Matthew Levatich said the company’s preference “in all cases is to supply the world from the United States”.
He said, however, that Harley-Davidson had invested in international manufacturing over the past 20 years because “trade and tariff situations in certain markets” made it “prohibitive” without this investment.
Matthew Levatich said: “We’re only doing that because these are important growth markets for the company that, without those investments, we wouldn’t have access to those customers, at any kind of reasonable price.”
Harley-Davidson warned last month that its profit margins this year were likely to halve as trade tariffs bit.
The company expects added costs of $45 million-$50 million this year, due to the EU tariffs, as well as higher aluminum and steel prices.
It said in June it would shift some motorcycle production away from the US to avoid the “substantial” burden of EU tariffs.
It has assembly plants in Australia, Brazil, India and Thailand as well as in the US, but it has not said which plant would take up the extra production.
President Trump has said tariffs on steel and aluminum imports, which came into force this spring, are necessary to protect the US steel and aluminum industries – he maintains these are vital for national security.
The tariffs have drawn retaliation from the EU, Canada, Mexico, India and others while driving up the cost of metals for manufacturers in the US.
The US has also threatened to hit billions of Chinese imports with import taxes, some of which are already in effect. It is also considering tariffs on foreign cars and vehicle parts.
First Lady Melania Trump has backed LeBron James, hours after President Trump made insulting remarks about the NBA star on Twitter.
LeBron James had said in an interview that President Trump was divisive and had emboldened racists.
In response, Donald Trump questioned LeBronJames’ intelligence, saying it was not easy to make the NBA player “look smart”.
However, Melania Trump’s spokeswoman said LeBron James was “working to do good things” with a school in his Ohio hometown.
The spokeswoman said the first lady wanted “to have an open dialogue about issues facing children”.
Earlier this week, LeBron James told CNN during an interview with Don Lemon that sport had offered him the opportunity to meet people of different backgrounds and race.
He said: “Sports has never been something that divides people. It’s always been something that brings someone together.
“He [President Trump] is dividing us and what I noticed over the last few months is that he’s kinda used sport to divide us and that’s something I can’t relate to, because I know that sport was the first time I was ever around someone white.”
LeBron James also argued that President Trump’s actions had encouraged racists, saying: “I think [racism’s] always been there. But I think the president in charge now has given people – they don’t care now, they throw it to your face.”
On August 4, President Trump responded on Twitter by saying: “Lebron James was just interviewed by the dumbest man on television, Don Lemon. He made Lebron look smart, which isn’t easy to do. I like Mike!”
The president also suggested that he prefers NBA legend Michael Jordan over the LA Lakers star.
His endorsement of Michael Jordan was perhaps a reference to the long-standing debate over whether Jordan or James is the better all-time player.
However, Michael Jordan also expressed support for LeBron James. He told media outlets through his spokesperson: “I support L.J. [LeBron James]. He’s doing an amazing job for his community.”
Donald Trump has taken a harsh stance on the ongoing debate over players in the National Football League (NFL) who refuse to stand for the national anthem in protest against racial injustice and police brutality.
The president has repeatedly said that anyone who kneels during the anthem should be fired.
Setting up your own company is a meticulous process, that requires a lot of planning. The first step for the foundation of your own company is an idea. Finding a market niche for your products or services, offers you the best prospects and helps you be successful. Have you finally found an idea and created a business-plan? Have you found your target group? Then you can start searching for the right equipment to support your company and get started.
The first thing that you need for the foundation of your company is an ideal location. An office or a room for the presentation of your goods or services is the basis for your success.
Another very important thing, that you should not neglect, is marketing. Advertising your products and services is of enormous significance. Therefore, a business card with all your details, such as address, phone, e-mail and name, can help to get more attention and more customers. Helloprint.co.uk is your perfect partner for business cards and marketing. The helloprint online shop offers you a variety of products for marketing and advertising. The product range comprises among other things: posters, business-cards, flyers, leaflets and even clothes with a unique and individual print. Just choose a text, a logo or a picture and order business-cards, leaflets, posters or textiles with your personal design. A business-card gives a brief first impression of you and your company, so choose carefully, when it comes to text, design and colour.
A website for more success
Create your own website or hire an IT specialist to assist you. A personal website or a web-shop, can help you to reach more customers and the pleasant side-effect will be, that your turnover and your sales will also increase. With the right strategy and a perfectly structured homepage, you will experience an economic upswing. A well structured website that suits the needs of your customers or customers to be, gets even more perfect, when SEO (search engine optimization) is applied. This special technique makes sure by using keywords and outstanding URLs, that your website will be among the first in the international website ranking. When it comes to SEO, an IT specialist or specialist for webdesign is the perfect partner for you.
You want to show that you are different? Finding your own logo, is a perfect method to show how unique you are. With a logo and a slogan, the recognition value increases and makes it easier for your customers to make a distinction between you and your competitors.
Whether you are running a restaurant, a fashion shop, an office or some other company, the distribution of give-aways for your customers can have a significant influence on your economic success. Little gifts like a note-pad, a ball-pen, a lighter, a calendar, sweets or cotton bags with print, are also an ideal way to get more attention and to be remembered by your customers. So why not surprise them with some extras. In return they will prove to be loyal and show you their appreciation by coming back to buy your products or use your services.
With these tips, tricks and advice for marketing, you may find it a bit easier to start your own company.
While there are several guidelines newcomers should follow when they invest, there are also certain practices they must absolutely avoid. Investing is not just about making the right or most reasonable decision, but it’s also about knowing how to avoid mistakes. As a new investor, you will face many challenges in your career, but by paying attention to a few pointers, overcoming these challenges would not be a problem.
Rushing to Invest Based on Anecdotes and “Tips”
Did you hear about the hot new stock or index fund with excellent returns that most people you know are raving about? You may be highly tempted to rush ahead and buy these super promising stocks before others do, but there’s some very simple advice for a person contemplating a decision like this: don’t. Investors, regardless of where they are putting their funds, should never rush to grab an asset. Some stocks or securities can be overhyped, often by pump-and-dump scammers who artificially inflate prices, therefore, be highly cautious when investing in hyped-up securities. Always research the company, its products, and check financial reports before spending your money.
Selling Stocks Hoping for Quick Millions
Time and time again, day trading has been presented as a wonderful, get-rich-quick opportunity for new investors. The practice refers to buying and selling stock in rapid succession, often within the span of a day. Whether daily stock trading is a legitimate practice or not really depends on who you ask. It’s important to understand that day trading is not a one-way ticket to making millions. Day traders do make money, but their earnings are not akin to winning the lottery, so if you do decide to become a day trader, start by understanding the possibilities and limitations of the practice. Get help from other experienced day traders in the beginning to master this particular art of investing. Lastly, finding a good tracker like Finviz stock screener can be helpful when you are looking at an abundant of ticker symbols.
Investing without a Qualitative Analysis
A qualitative analysis can be simply explained as a financial way of looking at the big picture. When you invest in the long term, especially in stocks, it’s vital to have an understanding of the sector as a whole. For example, imagine you were a tech investor in the late nineties. Back then, Blackberries were all the rage, but about a decade later, no one was interested in owning a Blackberry because nearly everyone wanted an iPhone. A qualitative analysis can show you where an investment is headed towards because it takes industrial factors into account. A company may have highly valued stocks, but you should also look at whether the stock value has gone up or down historically. Without this information, it’s simply not possible to make sound long-term investments.
Using Way Too Much Borrowed Money
Using margin, or borrowed money to buy stocks or shares should be done with caution. You may overvalue stock or underestimate the interest, thus ending up with worthless stock, or worse, massive debt. Margin should be used sparsely, if at all. Do a thorough calculation of how much returns you can expect considering the interest rate on the loan.
France has won its second FIFA World Cup title after beating Croatia in a thrilling final in Moscow’s Luzhniki Stadium.
Didier Deschamps’ side repeated the success on home soil at France ’98 by a margin that hardly looked possible as Croatia stood toe-to-toe with the favorites for an hour.
France’s victory meant Didier Deschamps, who captained them 20 years ago, became just the third man to win the competition as a player and coach.
In one of the most exciting World Cup finals of the modern era, played out to a soundtrack of thunder, Croatia and France delivered an enthralling spectacle that brought the joint highest goal tally in a final since 1958, a pitch invasion, and a controversial intervention from the video assistant referee that had a huge influence on the outcome.
The French team took the lead after 18 minutes when Antoine Griezmann’s free-kick deflected in off Mario Mandzukic’s head – but Croatia were by far the better side in the first half and deservedly equalized courtesy of Ivan Perisic’s left-foot finish.
Croatians were left nursing a burning sense of injustice when France restored their lead seven minutes before half-time through Antoine Griezmann’s penalty, awarded by referee Nestor Pitana for handball against Ivan Perisic after a lengthy delay while VAR was consulted.
In a compelling second half, France looked to have wrapped it up with two strikes in six minutes from Paul Pogba and Kylian Mbappe either side of the hour mark.
Croatia showed unbreakable spirit and even threatened a comeback when Mario Mandzukic took advantage of France goalkeeper Hugo Lloris hesitating over a clearance to pull a goal back.
However, France closed out the win to bring redemption for Didier Deschamps after defeat at the Euros two years ago, sparking wild celebrations and ensuring Hugo Lloris lifted the World Cup.
France celebrated joyously at the final whistle after claiming the sport’s greatest trophy once more, with Didier Deschamps – the coach whose conservative methods have often brought criticism – tossed high into the air by his players.
Croatia return home as beaten World Cup finalists but their approach to this match will have won the hearts of neutrals and earned them a prolonged standing ovation from their fans at the final whistle.
If you’re business is struggling, then your business might be in debt. Once that debt starts piling up, then you could find it difficult to get out of debt. Fortunately, there are a few simple ways that you can get out of debt. Follow these tips and improve your financial situation.
Increase your revenue
This might sound obvious. However, increasing your revenue is one of the best ways to get out of debt. As a business owner, changing your revenue doesn’t require a complete overhaul. It’s much different from being an individual on a fixed income.
One way to increase revenue is to run some promotions. Thanks to social media, running promotions is cheap and easy. You can run a few contests on Facebook or Instagram. By doing so, you can draw in more customers. You could also promote special sales that get rid of products that are merely taking up space.
Instead of letting it sit there, you can make a profit on it. Advertise your sale as much as possible. Then, watch the customers come through your doors. You can sell products that would otherwise be a part of the debt problem. With the money that you make, you can pay off your debt and become more successful.
Get a small business loan
When you want to pay off debt, you need more money. However, raising money isn’t always easy. You might need to borrow money to make money. This means that you need to get a small business loan. The funds can completely change your business.
With a small business loan, you can improve your financial situation. There are two ways in which you can do that. First, you could use the money to improve your marketing efforts. With better marketing, your business could get more customers. You could use your new revenue to pay off your loan and pay off other existing debt.
You could also use the money to pay off your current debt. Once you get out of debt, you could open up new doors. Then, you could watch your business succeed. The key is choosing the right type of small business loan.
Collect on late payments
Many business owners need to wait for some time before they collect on money from clients. Unfortunately, this can lead to problems. You might end up with a pile of unpaid invoices. There could be thousands of dollars waiting for you to collect it.
The money that you’re missing out on could help you get out of debt. For that reason, it’s important to collect that money, Go through your finances with a fine-toothed comb. Find out who owes you money and how you can collect that money. Then, use that money to pay off your debt.
It’s also important that you prevent this problem from occurring again. If you don’t, then this could be a continual problem. You might need to invest in a management software or higher a bookkeeper. In either case, you can ensure that you get clients paying their debts on time.
Whether you made six figures or had a modest income during your working years, you will be concerned about your expenses during the retirement years. The fear of not having enough income to survive the last years of their lives is real for many retirees, but, with proper planning, there are some precautions you can take to make these the most relaxing years. The time to worry about having enough money to protect your family and loved ones is while you still have a regular income. Here are some things you can do to enjoy retirement.
Stay on Budget
Having a set budget and sticking to it will go a long way toward helping seniors stay on top of their expenses during retirement. Depending on your financial situation, you will want to cut as many unnecessary costs as possible. Starting with the home, you can reduce what you spend on utilities by installing a programmable air-conditioning control and using it to maintain a comfortable temperature while you’re away. You can also keep your appliances and furnace in top performance shape to avoid any surprises during the peak heating or cooling season. Deciding whether to have one or two cars, if you are married can also help you reduce the cost of payments, gas, and insurance. Adjusting grocery shopping habits, stopping bad habits such as drinking or smoking, and using discounts available to senior citizens can add up as well.
Choose How to Spend Your Money Wisely
Even though it’s important to save and watch expenses, you are also at a time when you want to enjoy the little things, such as visiting children and grandchildren or taking a last-minute vacation. Saving in some areas can free up money you will need for these small pleasures. Instead of eating out, learn how to cook at home and save money on expensive meals and tips. When going on a trip, keep all receipts to see how much you are spending and try to travel during the off-peak season. Small things add up.
Reduce Life Insurance Benefits
In the late years of your life you really don’t need as much life insurance as when you were younger. When you are younger and have a family with young kids it’s important to have enough insurance coverage to help get your family through to adulthood. But in your later years when your kids are grown they more than likely have careers of their own. Some seniors have opted for cancelling their life insurance policies and going with a more affordable option like final expense life insurance. This type of insurance covers the basic of burial and will save you a considerable amount of money.
Eliminating debt will reduce your monthly expenses and save you a lot of money in interest charges. If you have debt at any age, the best thing you can do is take care of it as soon as possible. Remember that you will not have additional income when you are retired and unless you are overflowing with cash, you will need to save as much as possible. If you have a mortgage, adding even a small amount to that monthly charge will reduce the number of years in which you will pay it off.
Anyone can cut back on unnecessary expenses if they put their mind to it. It may not be easy, but if you start early in life, you will be able to enjoy your retirement comfortably when that time comes and still enjoy the things that matter most to you. When you examine your monthly payments closely, you will find many areas where you can save money without sacrificing your quality of life. Consider taking money from savings to settle the debt or a mortgage if you have one. Making a budget and analyzing how you spend your money can give you great insights into what you will need for retirement and how you can cut costs without jeopardizing the basics.
President Donald Trump’s proverbial trade war with China could have far-reaching effects as the new tariffs take hold. With the US now applying additional charges to $34 billion worth of Chinese imports, the Trump administration’s counterparts have responded in kind with their own tariffs. For many, the July 6, 2018 changes are the start of a potentially destructive tit-for-tat battle that could impact Asia as a whole. As they often do, the financial markets have reacted with price fluctuations for a myriad of commodities and stocks. From soy beans and coal to shares in major companies in both countries, the effects of the trade war are already hitting investors.
A Time for Options Traders to Invest
“Graph With Stacks Of Coins” (CC BY-SA 2.0) by kenteegardin
For options traders, a volatile market is a blessing in disguise. But what is options trading on commodities and stocks? It’s buying or selling assets based on a future price. When otherwise stable markets become volatile, traders looking to make a quick buck are often quick to invest. With the US and China typically standing strong as stable economies, the margins on import and export assets is usually fairly low. However, with Trump’s tariffs destabilizing the status quo and spooking businesses, prices now have the potential to vary wildly. Anyone with an interest in options trading now has the ability to capitalize on these unexpected fluctuations and cash in before harmony is restored.
However, when and, indeed, if harmony will be restored is unclear. While that may be good news for traders, it could spell disaster for business owners, consumers and, in turn, economies that rely on the US and China.
“Across Asia, there is a deep regional value chain […] So, trade tensions between the U.S. and China will have a spillover effect through this value chain,” Asian Development Bank’s Cyn-Young Park told CNBC in May.
Tariffs Threaten to Strangle the Asian Supply Line
“Forbidden City, Beijing” (CC BY 2.0) by romanboed
At the heart of the problem is the Asian production line. Although China heads goods exports to the West, it’s a head served by a network of intermediaries. In other words, countries across Asia are manufacturing semi-finished goods which are then sent to China. Once China’s businesses complete the chain, they sell them to the US et al and money trickles down. With Trump’s tariffs squeezing profits at the top, everyone further down the chain suffers. For Park, a meeting with local experts has identified a number of concerns. Assessing the data, the banker believes a 1% drop in China’s economic growth rate will reduce Asia’s financial status by 0.3%.
Of the countries currently eyeing up the trade war, the Philippines could be the most effected. As per the statistics from Malaysian bank RHB, 16.9% of exports from the Philippines go to China. If the new levies forces China to reduce trade with the US and slow production, it would impact almost one fifth of the Philippines’ GDP. For short-term options traders, the escalating tensions between the US and China could allow them to make hay while the sun isn’t shining. However, for Asia as a whole, the consequences could be dire.
President Donald Trump has urged Saudi Arabia to increase its oil production to combat the rising cost of fuel.
He tweeted that he had asked King Salman of Saudi Arabia to raise oil output by up to two million barrels a day.
President Trump said the move was needed due to “turmoil and dysfunction in Iran and Venezuela”.
Oil prices rose last week, partly due to US plans to re-impose sanctions on Iran, a major oil producer.
The OPEC group agreed to increase output, as did Russia, but this failed to reassure markets.
The Saudi Press Agency confirmed that President Trump and King Salman had spoken by phone, giving few details. According to the news agency, they had discussed the need to “preserve the stability of the oil market”.
However, the statement did not confirm that Saudi Arabia had agreed to the two million barrels a day figure.
Saudi Arabia is the world’s biggest exporter of oil and produced about 10 million barrels a day in May. The country is reported to have between 1.5 million and two million barrels a day of spare capacity – but experts told The Wall Street Journal it might not be keen to meet the president’s request.
A Saudi official told the WSJ: “Saudi Arabia does not really like going beyond 11 million barrels a day and has no intention of expanding its current production capacity. It is expensive.”
Donald Trump has repeatedly criticized OPEC even though US ally Saudi Arabia is a core member.
On April 20, President Trump tweeted that oil prices were “artificially very high”, saying this was “no good” and “will not be accepted!”
Iran, another OPEC member, has accused Donald Trump of trying to politicize the group and has blamed Riyadh for doing his bidding.
On June 30, Iranian Supreme Leader Ayatollah Ali Khamenei said the US was trying to drive a wedge between Iranians and their government using “economic pressure”.
He cautioned on his website: “Six US presidents before him tried this and had to give up.”
The value of Iranian currency, the rial, has tumbled since the US backed out of the Iran nuclear deal in May.
Earlier this week, thousands of traders at Tehran’s Grand Bazaar marched in protest against rising prices and the plummeting value of the rial. It was the biggest protest Tehran has seen since 2012.
President Donald Trump has criticized Harley-Davidson motorcycle over its plans to shift production away from the United States in order to avoid EU tariffs.
In a tweet, he said he was surprised that Harley-Davidson had become “the first to wave the white flag”.
The motorcycle maker earlier said making bikes for the European market would be transferred to other countries.
The European Union tariffs are a response to new US duties on steel and aluminum imports.
President Trump tweeted: “Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag. I fought hard for them and ultimately they will not pay tariffs selling into the E.U., which has hurt us badly on trade, down $151 Billion. Taxes just a Harley excuse – be patient! #MAGA”
What could be the disadvantages and advantages of capitalizing in mutual funds? This is one question, which is often asked and looked upon since there are a lot of advantages of mutual funds as are the risks of mutual funds investment. Let us look at both of them here in details.
Mutual Fund Benefits
Mutual fund is popular among the investors. Here let us discuss about the benefits of best mutual funds in India or rather the advantages of mutual funds
Diversification is necessary. Not just in investments, but in any field of life. In mutual funds, diversification helps eliminate major risks of mutual funds investment since it involves the mixing of different kinds of investments including stocks, bonds, and other investment opportunities.
Economies of Sale
The transaction cost of investors is reduced in mutual funds. It is similar to how you get bulk products. the more you buy, the cheaper it gets.
Mutual fund benefits thus prove to have an edge over other investment options.
Many investors do not have the kind of money to invest in high profiles, securities or portfolios. One of the advantages of mutual funds is also to divide the cost of the entire portfolio among people to give them the benefit of investment straight away. This also provides an additional advantage – liquidity.
One of the other benefits of mutual funds in India is the ability to be at ease in terms of getting in and out. Generally, an investor is able to sell the mutual funds at a shorter time period based on the current market trends.
This is one of the major mutual fund benefits. Among all the advantages of mutual funds, this one tops the lists. However, to avoid any risks of mutual funds, an investor must always check if there is any back-end load fee involved with such a transaction.
Mutual funds are flexible. You can either invest in one fund or invest in a variety of funds. Stocks, bonds, short-term savings, 401 (k) plans, automatic deposit, systematic withdrawal, long-term savings, dividends, and limitless investment strategies.
One of the main mutual fund benefits is that it gives you a wide variety of range or options to chose to invest from. Hence, it is good for both beginners as well as advanced investors who have a lot of knowledge in investing in various portfolios. For beginners, they may decide to invest in any one investment option to know how mutual funds work before advancing further.
When you invest in mutual funds, you invest in your portfolio management too. That is, in mutual funds, you get your personal and professional money manager who invests, buys and sells on your behalf. The money manager takes care of your portfolio as his/her own.
This gives you some space from your schedule. While the money manager researches the market and invests on your behalf you can stay rest assured that your money is in good hands.
However, it is a good idea to know more about your portfolio manager before handing over the entire money or investment details to him or her. This is one of the major risks of mutual funds investment.
Disadvantages of Mutual Funds
Mutual funds always carry costs. These costs decrease your overall rate of return.This is one of the major disadvantages of mutual funds.
When you invest in mutual funds, you almost lose control of your money. The portfolio manager invests on your behalf while making his or her own decisions. There are quarterly calls which may help you know your investment profile but it is limited to just that. This is yet another disadvantages of mutual funds that you lose interpersonal communication. It acts as a risk of mutual funds in many cases, where due to lack of communication, investment expectations turn upside down.
No Intra-Day Trading
The NAV (Net Asset Value) price is settled each day, at the end of the trading day. Before the end of stock market close, if you do not lock in your trade, you will receive NAV as the close of business the following day.
Due to this, you cannot capitalize on sudden movements in the market.
Here we discussed about what are the advantages and disadvantages of investing in mutual funds? While mutual fund benefits are really promising in the investment scenario as compared to other investment options, if the risks of mutual funds are not handled properly and on time, the befits of mutual funds in India may turn into disadvantages of mutual funds.
This should be taken care of with utmost importance.
A-1 Auto Transport of California is inviting International and U.S.A students to come out and try their luck at a scholarship to help pay their college tuition. Helping with the costs of college, students have a chance to earn $1,000, $500 or $250. All awards are made directly to the student’s schools financial office to help offset the costs of their education.
If you are a part time or full-time student, have a GPA of 3.0 or higher and are currently enrolled in an educational program, trade school, driving school or college then you are eligible for entry.
All you must do to be entered to win is send your name, contact info, including the name of your school to firstname.lastname@example.org along with an originally written essay on a topic from the auto transport industry.
The essays must be at least 1,000 words and be on any topic if it pertains to the auto shipping industry. Students are advised to use their imaginations and information found online to come up with something interesting to write about.
All accepted essays will be posted to the company website where the public can vote on them, therefore, students are encouraged to share their essay once published to help get their votes up.
The Scholarship Committee then uses the votes the essays get, along with their own votes to determine the winners. They do so at the end of March 2019. The winners will be notified via email.
Deadline is March 10, 2019 to get your applications in! Good luck to all!
The push for greater efficiency came two years after France Telecom was privatized. Didier Lombard was trying to cut 22,000 jobs and retrain at least 10,000 workers.
“I’ll get them out one way or another, through the window or through the door,” Didier Lombard was quoted as telling senior managers in 2007.
Some of France Telecom were transferred away from their families or left behind when offices were moved, or assigned demeaning jobs.
From 2008 onwards, at least 19 members of staff took their own lives, 12 attempted suicide and eight others suffered from depression and related illnesses.
Didier Lombard has accepted the restructuring upset employees but rejected the idea that it led to people taking their own lives.
France Telecom became Orange in 2013.
An Orange spokesman said in response to news of the trial: “As it has always said, Orange rejects the accusations and will make its case during the public hearing which will be scheduled in the coming months.”
If found guilty, Didier Lombard and the other defendants could face two years in prison and 30,000 euros ($35,000) in fines.
After the match, Rafael Nadal said: “It’s a dream to win 11 times.
“It was important to play the way I did. It was a tough moment when I got cramp. He is a player who pushes you to the limit.”
The victory means the past six Grand Slam titles have been won by either Rafael Nadal or Roger Federer with the next generation of players finding it hard to break the veterans’ stranglehold on the game.
Rafael Nadal is the only second player in history to win the same Grand Slam on 11 occasions after Margaret Court, who won 11 Australian Open titles between 1960 and 1973.
Germany’s Economy Minister, Peter Altmaier, hoped a decisive EU response would make President Trump reconsider his decision.
Canadian PM Justin Trudeau said the US move was “totally unacceptable” and rejected the claim that his country posed a national security threat to America.
Canada plans to impose tariffs of up to 25% on about $13 billion worth of US exports from July 1. Goods affected will include some American steel, as well as consumer products such as yoghurt, whiskey and coffee.
Mexican Foreign Minister Luis Videgaray said his country was planning new duties for imports of steel, pork, apples, grapes, blueberries and cheese from the US.
Opposition to the tariffs was also voiced by prominent Republicans. House Speaker Paul Ryan, the most influential Republican in Congress, said the move “targets America’s allies when we should be working with them to address the unfair trading practices of countries like China”.
President Trump first announced plans for the tariffs in March, but granted some exemptions while countries negotiated.
Steel prices in the US have already risen due to the uncertainty and may increase as the tariffs hit imports.
Consumers outside the US could see prices of some goods fall, while those in America may end up paying more.
Overall, the company reported a 3% rise in the number of phones sold, while revenue from phones jumped 14%, reflecting more expensive models.
Some analysts had questioned whether demand for the most expensive iPhone would hold up after the initial rush.
However, Apple said the iPhone X was the best-selling model in every week of the quarter – despite costing almost $1,000.
The iPhone’s average selling prices came in at $728, below analyst expectations of $742.
On a call with financial analysts, Apple’s CEO Tim Cook dismissed concerns about soft demand for smart phones, pointing to the millions of people who still do not own one.
He said on a call with investors: “We still believe that over time every phone sold will be a smart phone, so it seems to us… that’s a pretty big opportunity.”
The iPhone continues to account for the bulk of Apple’s revenues at just over 62% of the total. Sales of iPads rose 2% to 9.1 million units compared with the same period last year, while Mac sales slipped 3% to 4.07 million.
Apple’s services unit added 30 million subscriptions in the last three months alone, bringing the total to 270 million.
The company’s overall profits in the quarter were $13.8 billion, up a quarter from the same period in 2017.
Apple’s revenue hit a record for the Q1 of 2018, which follows the Christmas rush and is traditionally one of the company’s weaker periods.
Sales growth of more than 20% in Japan and the greater China market – a critical area for the company – helped to lift the numbers.
A benefits package can make or break a job, since it will determine how desirable a role might be to prospective employees outside of the raw salary, the working conditions and other relevant factors.
Unfortunately not all businesses are able to offer competitive or compelling benefits to their staff. With that in mind, here are a few of the perks that will be most appealing to look out for when applying for a job.
Some employers offer workers the opportunity to get assistance with childcare. This can be in the form of a payment which covers some of the costs of seeking support externally, or via an in-house service.
Getting a basic level of medical insurance is common across all types of employment, but businesses that go above and beyond the call of duty in this regard can more easily win loyalty from their staff.
This is not just about covering the cost of essential treatments, but also paying for things like dental work and optometry, which are not usually considered vital but can still be very expensive. Some firms even offer inclusive pet insurance, which is an advantage for animal lovers.
A PEO (professional employer organization) can help small businesses to offer comprehensive medical benefits to staff that match those of much larger firms, which is good news for employees as well.
As one of the world’s biggest coffee chains, Starbucks has garnered global success as a brand. It has also kept employees happy by giving them the opportunity to further themselves and move on to bigger and better things.
For example, it works with Arizona State University to help reimburse tuition fees for its employees who choose to study online to attain a bachelor’s degree at this respected educational institution.
Health & Fitness
Staying healthy is important, but it has its own costs. Whether paying for a gym membership or splashing out on expensive organic foods, there is a price to pay for general wellbeing.
Employees of Eventbrite get $60 a month as part of the company’s ‘wellness stipend’. This is a deliberately vague description for a benefit which can be spent on a wide range of products and activities, so long as they contribute to the health of the worker in question.
In the world of retail, getting a discount can be a big deal for employees. The level of savings that are made available varies, but the ideal scenario is embodied by Whole Foods Market, where permanent staff in both full and part-time roles can enjoy 20 percent off every purchase they make in-store.
A sabbatical is a common concept in the world of academia, but people who work in other industries can also take time away from their job without putting themselves at risk of being replaced.
Deloitte is a supporter of sabbaticals, giving staff the option to take up to a month off without, needing a specific reason, whenever they like.
This period will be unpaid, but the firm also allows up to six months’ away from the office for those who want to take advantage of opportunities that will help them to expand their professional horizons while still taking home 40 per cent of their full salary. Any benefit which supports employees and makes them more of an asset to their employer is worth pursuing.
According to analysts, the combined company would have more clout to compete with the first and second biggest US telecoms companies, Verizon and AT&T, each of which have more than 100 million subscribers.
In particular, aanlysts say it would be better positioned for America’s looming shift to next generation 5G mobile broadband technology.
They also believe that, without T-Mobile, Sprint lacks the scale needed to upgrade its network.
T-Mobile and Sprint had been in talks about a potential tie-up since 2014, when the Obama administration stopped a previous merger attempt over competition concerns.
Under the Trump administration, regulators have continued to challenge deals they believe could push up prices and are likely to scrutinize this latest takeover closely.
The DoJ is currently trying to block AT&T’s deal to buy US media giant Time Warner for $85 billion, warning that “consumers all across America will be worse off” if it goes ahead.
As Reuters reported earlier in April, the DoJ has also allegedly opened a probe into claims of co-ordination by AT&T, Verizon and a telecoms standards body to hinder consumers from easily switching provider.
In a statement, John Legere said the merger between Sprint and T-Mobile would lower prices and help the US accelerate its development of 5G, amid fierce competition from China.
The T-Mobile CEO also said it would create tens of thousands of jobs in rural America – factors analysts say could help sway officials in the Trump administration.
Oil prices have been rising since the OPEC nations, as well as other producers including Russia, decided to restrict output last year.
Last November they agreed to extend those cuts until the end of 2018.
President Donald Trump has said that unless European allies fix what he has called “terrible flaws” in the accord by May 12, he will restore US economic sanctions on Iran.
The other nations that signed the deal – France, Germany, the UK, Russia and China – all want to keep in place the agreement, which has halted Iran’s nuclear program in return for most international sanctions being lifted.