How To Create An Investment Portfolio To Set You Up For Life

For those who have yet to dip their toes into that particular pond, the concept of investment can be pretty intimidating.

Many of us imagine Leonardo DiCaprio in The Wolf of Wolf Street – lots of men shouting down the telephone and looking at screens full of numbers, or complicated graphs.

Not only that, but the risk involved can also be scary. Who knows if the money that you are going to put in will make you money, or is even legitimate to begin with?

However, if done right, investments can be pretty straightforward and can help to set you up for life.

Perhaps you are hoping to make a passive income alongside your regular job, or maybe you are looking for something to fund you through your retirement years.

Perhaps you want to leave your children with something to help them in their lives after you have gone.

Whatever reason you have for wanting to set up an investment portfolio, here we share some tips and tricks to help you get started with building a portfolio that will set you and your family up for life.

Have a clear goal to work towards

Before you do anything else, you need to think about what it is you want to get out of your investment portfolio.

Are you hoping for capital growth, an income, or a combination of the two?

What it is you are looking for as an end result will have a bearing on the type of investment that you go for. 

What level of risk can you tolerate?

One of the main principles of investment is the risk versus reward payoff.

There is never any guarantee with any form of investment, so the risk will always be a factor, but as with anything, some types come with more risk than others, and this is something you need to take into consideration.

Generally, higher-risk investments will give you a higher return – otherwise, why would anyone ever bother taking the risk in the first place?

However, that is never a guarantee and is something that you need to be prepared for. Can you afford to take the hit if it does not quite go to plan?

What you need to consider is the volatility, which is how much your investments will potentially fluctuate in value.

When it comes to volatility, the length of your investment can make a difference.

If you are investing the money in something, for say, ten or more years, you can tolerate higher volatility.

This is because there is more time for the investment to recover from any short-term fluctuations. 

Have you thought about asset allocation

We will cover why diversification is crucial and the different ways of building a diversified portfolio below, but the allocation of assets is one of the key points of portfolio creation.

You might opt for stocks and shares and bonds, property, or something tangible such as fine wine, art or precious metals.

You can check out some of the Noble Gold Investments reviews here if gold is something you would be considering.

What is investment diversification, and why is it important?

Ploughing all of your allocated funds into one form of investment can be incredibly risky.

If you put it all into property, for example, and the property market collapses, your money might as well go down the drain.

However, if you have a bit of money invested in property, some in stocks, others in cryptocurrency, you are not risking all of your money disappearing at the same time.

You have heard of the saying ‘don’t put all of your eggs in one basket’? Well, that is precisely what we are talking about here.

Once you have chosen how to allocate your funds – say, for example, in shares, you can then diversify by sector.

You may want to buy shares in banks, which is fine. However, if you pour all of your share allocations into the banking sector, and there is a financial crisis like the one in 2008, the value of your shares will dramatically tumble.

In this case, you may want to buy shares in various sectors – healthcare, precious metals, technology and so on. Then, if one industry collapses, it is not going to affect all of your shares.

You also should consider spreading out your investments globally. By investing in different regions, you are not limited by the stock market of one country or the economic policies of a particular government.

However, this can also add an extra dimension of risk to the process.

What are some of the things you could consider investing in?

What to invest in

Property

People have been investing in property for as long as they have been building houses because it is a generally low risk and high return form of investment.
There are several ways in which you can invest in property, from buying and selling, renting out for either residential lettings, commercial or vacation lets, or flipping.

The advantages of this form of investment are that it is relatively stable when compared to other types.

The sale of property takes time and is always in demand, making it much less volatile. You also have the opportunity to leverage your investment, meaning you can buy more with less.

Generally, with a property, you put a deposit down, and your bank lends you the rest.

The downside is that it is not very liquid – you cannot access your money at the drop of a hat if it is tied up in property.

It can take weeks or even months. It also has high entry costs, as to get a foot in the property market can cost you thousands.

Cryptocurrency

In the investment world, cryptocurrency is the next big thing. Cryptocurrency is a form of digital currency, the most popular one being Bitcoin, which you may well have heard of.

It is relatively new, having only been around for a little over ten years, but so far, it seems to be a pretty solid investment.

Those who took the plunge early on are seeing huge returns on their money. In July 2015, the price of Bitcoin was just over $280. In December 2017, it was $17k. 

The disadvantage with cryptocurrency is that being so new, it is difficult to make any long-term projections about how it will do, so the element of risk is high.

It can also be volatile – there have been periods where the value has shot through the roof and then dropped quite dramatically before jumping back up. Being an intangible asset, this can make many potential investors nervous.

Stocks

Stocks are one of the most popular and common forms of investment. They are easy to buy and accessible to the vast majority of people.

You can purchase them through a stockbroker, a financial planner, or you can buy and manage them yourself online.

You can make money in two ways – as a day trader or a buy and hold investor. Both buy low and sell high, investing in fast-growing companies whose value is appreciating.

Day traders hope to take advantage of short term trends while buy and hold investors expect to see their return grow over a more extended period of time.

One of the good things about stocks is that they are incredibly liquid – they can be sold quickly and easily so you can access and use your money.

However, investing in stocks does come with risks. If you have invested significant amounts of money in one company and they don’t do well, the value of their shares will plummet and with that your money.

There is also the risk that, if the company goes into administration, as a stockholder, you will be at the bottom of the list to receive your money. 

Precious Metals

As with property, precious metals such as gold, silver and platinum have been used as a form of investment for many years due to their inherent value.

Platinum can be quite a volatile investment, so most people tend to spend their money on either gold or silver, both in bullion form, which can be measured in weight, or fine jewellery.

Coins also hold their value and can be a collectible asset. Gold tends to keep its value even in periods of economic uncertainty and can be traded in quickly if the money is needed.

Knowing what form of investment to go for depends on a whole range of factors: your appetite for risk, the liquidity of the asset, the entry fee and it’s volatility in the short and long term.

You also need to consider how hands-on you want to be – do you want to buy it and leave it to do its thing and make money, or do you want to be involved?

Before making any significant investment, talk to a financial advisor and weigh up the pros and cons. 

How To Find The Right Expat Mortgage For You In Australia

Australia is a beautiful land. It becomes difficult to leave once you have tasted the warm weather and feast your eyes on the fantastic wildlife like kangaroos. 

While the experience feels like a dream to many, it is not impossible to settle in Australia. For starters, the country is teeming with expats, and opportunities for settling are immense.

Australia has a vibrant housing market, with many houses waiting for occupants. The mortgage market is accommodating, which implies getting your own home is possible. 

Over the past few years, however, expats in Australia have been experiencing difficulties obtaining a desirable mortgage. 

It means, settling in the country could not be easy after all. For this reason, we have put together this article to point you in the right direction in case you might need a mortgage. 

In this article, we highlight the steps you should follow and the right places, to obtain a desirable mortgage for expats.

What is an expat mortgage?

Expat mortgages are what the name suggests; mortgages designed to facilitate homeownership for expats. 

Not just in Australia but across the world, expats experience difficulties obtaining this facility because of a lack of proper information. 

A lender might be reluctant to engage an expat because of uncertainty around his/her length of stay. If they access mortgages, expats might have to pay punitive rates.

Lessening the barriers to accessing expat mortgage in Australia begins with approaching the right mortgage broker. 

A mortgage broker in Melbourne like this can facilitate access to the mortgages by assessing the loan requirements of the client. Besides, they create a profile of the client’s financial situation. 

Using the profile and the requirements, the brokers identify the right lender whose terms are appropriate to the client. 

Things to consider before applying for expat mortgage in Australia

What’s your Visa status/subclass? 

A mortgage broker can do all the research to ensure that you get the appropriate quote, but getting a mortgage on favorable terms when you do not have an acceptable Visa can be impossible.

Non-resident expats pay more in hidden costs, such as legal fees and loan establishment fees. 

If you are going to buy a property to live, then you can breathe easy because some of these costs may not be applicable. 

The amount you can borrow

Lenders do not have similar terms for mortgages just for competition’s sake. 

Nevertheless, there is consensus that establishes the mortgage amount accessible at about 80% of the property’s value. 

Other factors, such as your visa status, monthly income, creditworthiness, and savings, among others, also affect the mortgage amount you can apply for. 

Your mortgage broker should be able to help clarify such issues so that you have a better experience, facing these hurdles after initiating the borrowing process. 

In which currency do you earn your income?

The denomination of your income is critical to lenders when considering mortgage applications. If, for example, you live in Australia, but your income is in USD, some lenders might reject your application.

The problem lies with the risk in the exchange rates. Changes in the AUD/USD exchange rate might undermine your loan commitments. 

Therefore, the lenders would not want such risks, primarily when it works in your favor.

What do you do then? 

A good mortgage broker will find a lender with the most favorable terms for expats whilst encouraging the client to open an AUD-denominated account. 

Alternatively, you could open an account with a local bank to facilitate transactions. From the account, you should pay any attendant fees and costs without much hassle.  

Deposit requirements

Most Australian lenders require a deposit before approving mortgages. 

Generally, for expats, 20% to 30% is the figure you are likely to part with, but some lenders might be okay with deposits up to 20%. 

Expats pay higher deposits because they do not fall under the Lenders Mortgage Insurance (LMI) scheme. The LMI applies to Australian nationalities. 

The policy of the lender

Lenders treat applications for expat loans differently, depending on prevailing conditions. 

With a broker that understands the mortgage landscape, you should be able to obtain favorable loans despite an unfavorable lender policy.

expats mortage australia

What is the purpose of purchasing property?

Expats are welcome to buy property to let. Buy-to-let arrangements are popular, especially among expats who intend to resettle back home in a short while. 

Some lenders might charge higher interests for expat mortgages enabling buy-to-let schemes.  

Finding the right expat mortgage is just the beginning of the process. 

In addition to these factors for consideration, you must provide supporting documents to facilitate access to the loan. 

A good thing about approaching a broker from the start is that you will get the heads up about the required documents. 

For example, a mortgage broker in Melbourne can assist you if you live within the region. 

Since brokers will come to see you, therefore, there is no need for you to travel to bank branches to seek assistance from far-off places.

Some of the documents you may need to provide include:

  1. Identification documents–your passport should suffice for this requirement. Ensure that the passport is valid and that you have supporting documents at hand if need be. 
  2. Proof of qualification to buy property – in Australia, foreigners must obtain permission from the Foreign Investment Review Board (FIRB) to purchase a property. It is prudent to start with getting FIRB’s nod before initiating the process of an expat mortgage application. Note that FIRB demands a fee to give out the approval.
  3. Proof of legal residence – if you have a valid passport, you should be able to skip this requirement. However, this requirement is dealt with on an issue-by-issue basis. Just ensure you have the proof with you to increase the chances of success. 
  4. Creditworthiness documents–you might need a credit check for this requirement. However, bank statements, proof of wages, and tax returns should sail you past this hurdle. 
  5. Can you service the loan? – It is an obvious requirement since it is in everyone’s interest to see the loan cleared when due. For this purpose, bank statements should suffice. If not, utility bill receipts should provide enough evidence to this end. 

In Closing…

As you can see, it is possible, but tricky, to obtain an Australian expat mortgage. 

Even with a good knowledge of the Australian mortgage landscape, one is better off getting proper advice and guidance. 

Mortgage brokers offer valuable insights and assistance to ensure that you get the best deal.

Alternative Investments: It’s Worth Considering

Making an investment can be a great way to increase your capital and even generate long-term income. However, choosing the right investment is never easy. 

As well as considering traditional investment opportunities, why not think outside the box?

With these alternative investments, you could diversify your funds, reduce your risk, and make a substantial amount of profit. 

Cryptocurrency

Cryptocurrency has hit the mainstream media, which means more people have realized what a valuable form of investment it can be. 

Although you’ll need to consider the implications of crypto tax, you can still make a decent return if you invest at the right time. 

Before you can make money, however, you’ll need to ensure that you understand how the industry works and where the pitfalls lie. 

Property

Investing in property is always a popular option. Although property prices can decrease, most people assume that it’s a relatively safe investment in the majority of situations. 

What’s more, the property can be a great way to build capital and generate income. 

If you buy a residential home and rent it out, for example, the value of the property should increase over time and you’ll benefit from getting a regular rental income. 

Peer-to-Peer Lending

As more people look for alternative borrowing options, new forms of investment arise. 

As a peer-to-peer lender, you can loan money to an individual or a group for a specified amount of time. 

In addition to getting the loan amount back, you’ll get an additional amount of interest too. 

With reputable platforms dedicated to the practice of P2P lending, it’s relatively easy to set yourself up as a peer-to-peer lender. 

While getting your money back isn’t guaranteed, there are safeguards in place to try and minimize the risk you’re exposed to. 

seed investment

Seed Investments

As a seed investor, you’ll be putting money into a startup business or an enterprise in return for an equity stake in the organization. 

While this type of investment can offer substantial rewards, it’s always going to be dependent on how successful the startup is. 

In general, this is one of the riskier forms of investment, but it can be a fun and potentially lucrative way to invest your capital. 

Commodities

People have been trading in commodities for years, so they’re becoming more of a mainstream choice of investment all the time. 

However, you can make high returns by investing at the right time. Standard commodities include gold, silver, and platinum, as well as natural gas and oil. 

However, soft commodities can also include wheat, sugar, and cocoa beans, so there are plenty of options available. 

You’ll need to follow the market carefully to ensure you make the right decisions but, for many people, investing in commodities is a way to achieve great returns. 

When to Invest

Deciding to invest your money is a big decision, so it’s important to do your research and seek advice. 

Some investments are riskier than others, so be sure to assess the level of risk you want to take. 

By learning more about the respective markets and seeking guidance from professionals, you can learn everything you need to know about making successful alternative investments. 

4 Easy Tips for Getting a Mortgage

Getting a mortgage is probably one of the most stressful and exhausting parts of the homebuying process. 

Since the housing crisis and the market crash that started back in 2007, mortgage applications and reviews have been more detailed and strict than ever, requiring endless paperwork and extensive income verification.

There are various things to consider when shopping for a mortgage that can impact the success of the entire mortgage process and impact how much you spend – not only on obtaining the mortgage but also on your home over the long run. 


To help first-time homebuyers tackle all these challenges successfully, here are mortgage lending tips suggested by leading banks and financial institutions. So, fasten your seatbelts, and let’s get started. 

Tips for Obtaining Mortgage

#1 Gather all your documentation


The first thing that you need to do for successfully obtaining a mortgage is getting all your financial paperwork in order.

Key papers you need to keep with yourself while obtaining a mortgage include recent pay stubs, your bank statements, salary slips, and tax returns. 

Self-employed applicants will need to provide two years of tax returns and their most recent profit/loss statement showing revenues, expenses, and costs during a fiscal year. 

#2 Get yourself in top financial shape

In addition to getting your paperwork done, it’s a good idea to get yourself in top financial shape. This will increase your chances of obtaining a mortgage. 

Being in top financial shape means improving your financial profile. For starters, avoid carrying excessive debt. 

Your debt-to-income ratio is also a crucial factor that lenders consider when looking at your loan application.

Reducing debt could make your finances look more attractive. 

Use the freed-up money to pay down debt or increase your down payment for the home, both of which could help you put in better shape when it’s time to apply for a mortgage. 

Reviewing your credit history and score is another critical effort. If your credit score needs improvement, try making multiple or frequent payments using a credit card.

Lenders also look for job stability when they evaluate your ability to repay a loan. 

#3 Shop around and shop more

Reviewing multiple mortgage lenders or mortgage shopping is a critical step – and it’s one thing that many first-time homebuyers often ignore. Most first-time buyers often just go with the first lender. 

But you should never settle on the first lender you talk with.

Every company has different terms, and you should check with every company and go with the one with the most favorable conditions.

#4 Get pre-approved early

It’s more than heartbreaking when you find the perfect home, then find out that it exceeds your budget.

Getting a pre-approved loan can prevent disappointment later on. So, it’s essential that you get a pre-approved mortgage before going for home shopping. 

These are the few tips that you should follow before going for a mortgage and home shopping.

Following these steps will increase your chances of obtaining a successful mortgage for buying the house of your dreams. 

 

How To Raise Money To Invest In Your First House

As such, that’s mainly what this post will focus on. If you can’t afford a house, but want to invest in one, here are some tactics to help you save up and raise the funds you need. 

Be warned, these ideas aren’t instant. 

They won’t make money magically appear in your hands right away. Some work quicker than others, but they’re all worth looking at. 

Stick to a budget and save money

Yes, a boring piece of advice, but good advice nonetheless. Budgeting means you restrict your overall monthly spending. 

It requires a great deal of planning to get your budget right. As an investment beginner, you need to work out how much money you need to save. 

This will typically be enough to afford a downpayment on a mortgage. 

Take this figure, then consider how much money you can save each month. Soon, you’ll work out how tight your budget needs to be based on how soon you need the money. 

For example, the downpayment is $2,400, you set aside $200 every month, and you reach the figure in a year. 

That’s not an accurate representation of downpayment figures, it was chosen as the easiest way to explain the point!

Sell annuity

This tip might not apply to everyone, but it will be useful to some of you. Do you have annuities of any kind? 

This can include a pension, a legal settlement, even casino winnings. 

It is also considered a type of investment, with the aim being that you get regular payments from the annuity into your account. 

Sounds pretty good, but it won’t help you get the money you need for a house. Instead, you should look for annuity buyers that will offer a cash sum for your annuity. 

It lets you unlock the money in your annuity and use it a lot sooner. This extra influx of cash can help you buy a house in full, or at least afford your mortgage. 

Downsize

Downsizing is where you look at your life and basically make it smaller and less extravagant. 

If you owned a home, you’d sell it and buy a smaller one that costs less and is easier to handle. Of course, you don’t own one, so how can you downsize?

Realistically, downsizing is easy! Here’s an example, sell your car and buy a cheaper model. Instantly, you may have an extra thousand dollars or so. 

Another idea: stop buying loads of new clothes every month. Or, sell expensive things – like shoes – that you no longer wear or don’t really need. 

In essence, you get rid of unnecessary expenses in your life. This can help you generate some extra funds right away, as well as assisting in your efforts to save money. 

All three of these ideas will help you raise the money to invest in your first property. 

It won’t happen overnight, but if you stick to the changes you make, you’ll be amazed at how much sooner you can afford the investment. 

Investment Options You Should Consider In Your 20’s 

A lot of twenty year olds are earning quite a lot of money. Unfortunately, they often have no idea what to do with the profits they make. 

This could come from their main business or it could be from side hustles and self-owned business ventures. 

The money ends up being spent on things that provide short term value or entertainment but nothing long-lasting. 

That’s why you should definitely be exploring investment opportunities. You might think that in your twenties your options for investments are limited. 

Particularly, if you don’t have a massive level of savings. However, we’re about to show you that you’re completely mistaken. 

Here are some of the investment options that you can dive into right now. 

The Stock Market

trading-security

You probably think that you need to be an expert on different companies and the economy to benefit on the stock market and from trading shares. 

Again, we’re happy to say that this just isn’t the case. Anyone can earn a lot of money from the stock market.

 It just depends on whether you are willing to put the effort in and whether you are approaching this from the right direction. 

First, you don’t have to navigate the stock market by yourself and this isn’t really advised. Instead, you can opt for a stock broker. 

They will help ensure that you stay on the right track with your investments and that they suit your individual financial situation. 

You do need to make sure that the level of risk remains firmly under control. 

Brokers will also help you understand when it’s time to buy and sell which can be crucial if you want to make a lot of money. 

You are never going to do everything about the stock market without a college degree. 

But you can make the right choices with some independent research and a little investigation into the companies that you are interested in. 

If you don’t have a lot in your savings account, then you can also think about penny stocks. 

Penny stocks are great because they are available at prices that really anyone can get involved. It doesn’t matter how much you have in your accounts. 

They are a low risk which means that you don’t have to panic about losing a lot of money either. 

However, if you’re lucky, one of them could go through the roof. This is rare, but it’s not unheard of. 

Forex Trading

work pay

If you’re looking for another investment opportunity that is perfect for twenty-something year olds on a limited income, then it’s definitely recommended that you research the forex market. 

Forex is for the most part, easy to access and the best part is that you can get a foothold here without much money in your account at all. 

You can invest as much or as little as you like, depending on your financial profile. 

There are a few different choices here. For instance, you might need help to pick a platform that you want to invest on. 

The good news is that the platforms are very easy to use and in no time at all, you’ll be trading like a pro. 

Something to be aware of with forex is that you’re trading currencies. So, you need to have a firm grip on how currencies change and what is likely to impact them. 

There are various different variables that cause currencies to rise and fall. By understanding these and predicting patterns, you can easily win big on this market. 

Property 

buying property

Alternatively, you might want to think about investing in property. 

As soon as you hit twenty and start earning some money, it seems as though everyone is pushing for you to jump onto the property market. 

The good news is that the property market is more accessible than you think. 

For instance, you can access government support schemes with some providing you double what you save. 

You do have to pay this back when it’s time to sell, but once you get your hands on a property this becomes a lot easier. 

Many people think that now is going to be the perfect time to buy property for two reasons. 

First, interest rates are low and second, the value of homes are going to go straight through the floor. 

While this might be the case, there’s also probably going to be less opportunities for investments on the market. 

So, 2021 could be your best option, unless you find the perfect home to buy and then flip it. 

If you are going to invest in property, house flipping is definitely the best way forward. To flip houses, you  need to look for the perfect fixer-upper. 

It should have aesthetic issues but nothing that is going to be ridiculously expensive to fix. 

There are lots of homes on the market like this but you need to make sure that you are checking for anything from wiring issues to shot pipes. 

These are going to be expensive to repair. The idea is to fix the home up fast and sell it on for a quick profit. 

If you’re good at this, you can make a fortune and a lot of people do start in their early years.
However, it is a risky venture and not everyone gets lucky here. Investments are always, on some level, going to be a game of luck, and the property is no different. 

Cryptocurrency

Finally, whether you have savings or not, it could be worth looking at the world of cryptocurrency. 

Many consider this to be the future of currency and while it’s a little late to make millions from this investment, it’s not so late that you can’t still make money. 

Particularly, if you have plenty of cash doing nothing. 

A few thousand will buy you one bitcoin and it’s rising so quickly in value that this could easily be double the value in five years. 

So, if you want passive investment crypto could be the way forward. 


We hope this helps you understand some of the greatest investment possibilities you can consider right now. 

Investing Tips for the Freelance Millennial

Freelancing is an increasingly popular way to earn a living among millennials. 

It’s a deviation from the standard 9 to 5 office schedule. Freelancers can use their talents in coding, graphic design, or writing to bring in extra cash on a job-by-job basis. 

However, as glamorous as freelancing can sound, the financial side of it can be intimidating. When you’re considering what investments to make as a freelancer, it’s best to stay on the safe side with options like GICs.

Here, we’ll offer some responsible investing choices that millennials can make as self-employed agents. 

The Rise of Freelancer Gigs

Hubstaff Talent states that there are around 2.7 million freelancers in Canada. This number makes up 15% of the Canadian workforce and represents a drastic spike from the last decade. 

Some freelancers focus solely on securing gigs, while others pick up work alongside a part- or full-time job. 

In any case, freelancers can choose which jobs they take on without being tied down by contracts. They are free to work from wherever they want to as long as they, in most cases, have a reliable internet connection.

Why Invest?

Freelancers don’t receive a set income, so cash flow may often be the primary concern for many of them. Millennials also have a lot more debt than previous generations.

Even with income that isn’t guaranteed, you still need to make responsible financial decisions and set money aside for your future. 

This situation is where investment becomes an attractive way to improve cash flow.

How to Invest Wisely

Even as a freelancer, you have options for investments that will generate the best returns. Here’s how to invest wisely:

1. Lower Your Yearly Taxes with an RRSP

If you’re looking to lower your taxes at the end of the year, consider making contributions to a Registered Retirement Savings Plan (RRSP).

Any contributions you make to your RRSP will be a deduction from your income, which means a delay in the taxes on your RRSP investments.

You’ll earn tax-free investment income on all of your contributions. Because you’ll likely be in a lower tax bracket when you retire, this type of tax deferral will offer you significant savings. 

2. Play It Safe with a Guaranteed Investment Certificate

A Guaranteed Investment Certificate, or a GIC, is a safe way to invest your money as a freelancer. It’s low risk, as you have a guarantee to receive your initial investment amount back after your GIC matures.

Here are a few things to keep in mind when deciding if a GIC is right for you:

  • Minimum amount: To get started with a GIC, you’ll need a minimum of $500.
  • Initial fees: GICs are cost-effective, as you won’t face any charges when you purchase one.
  • Maturity date: A majority of GICs pay a fixed interest rate over a set period, such as six months, one year, two years, or five years. Your interest rate will be higher if you select a more extended period.
  • Penalties: If you withdraw your money from a GIC before the maturity date, you may pay the penalty. 

3. Diversify Your Investments with Mutual Funds

Mutual funds let you diversify your investments without putting your hard-earned money at risk.

When you purchase one, you are investing in a large group of assets like stocks and bonds. Mutual funds are under professional management, so you can rest assured that an expert is working hard to earn you a profit.

These funds often require a minimum of $500, but some brokers will waive their minimum amounts if you agree to make monthly contributions. This option is a great way to add some consistency to your financial goals!

The Takeaway

If your income fluctuates as a millennial freelancer, consider these safe investing options. They are ways to get started and won’t leave you exposed to the volatile side of investing. 

 

Five Reasons to Invest in a Second Passport

Imagine having the freedom to travel, work, live, and enjoy all the world has to offer, unbound by country lines and travel restrictions. This type of freedom doesn’t have to be wishful thinking.

Thousands of individuals globally are taking advantage of a second passport as a means to open up a literal world of opportunities. This is especially useful for those coming from “restricted” countries in the Middle East or where other travel restrictions abound.

Not only can it increase global mobility, but a second passport can also create business opportunities, open you up to an expanded networks of people, and improve your quality of life.

Accordingly, so many professionals, business owners, and travelers are reaching out to companies like Bluemina to explore their options for obtaining a second passport in any one of the top global destinations.

This guide will outline 5 reasons you should invest in a second passport, how to obtain a second passport, and which countries are the easiest to obtain citizenship.

Top Five Reasons to Consider this Investment

Travel Freely without Hinderance

Did you know owning a second passport makes it harder for your home country to place restrictions upon you? Having a second passport grants you access to other countries and allows you to travel Visa-free.

For Example:

  • Dominica Passports: allow visa-free travel to over 130 countries
  • Antigua and Barbuda Passports: allow visa-free travel to over 140 countries
  • Cyprus Passports: allow visa-free travel to over 160 countries
  • Malta Passports: allow visa-free travel to over 180 countries
  • Saint Kitts and Nevis Passports: allow visa-free travel to over 160 countries
  • Saint Lucia Passports: allow visa-free travel to over 120 countries

Imagine opening up a world of possibilities with second citizenships that provide you and your family the ability to travel freely when and where desired. For work or business, the ability to travel visa-free is an important and valued benefit of obtaining a second citizenship in the previously mentioned locations.

Business Opportunities & Reduction of Tax Liability

If you’re an entrepreneur or own a business, making the investment into a country that has a second citizenship program could prove highly beneficial. Doing so will allow you the opportunity to freely conduct business not only in your home country but in other countries as well. It also unlocks a variety of new business connections that you may have otherwise not had access to.

Another key aspect of second citizenship and second passports involves the reduction of tax liabilities. Many countries participating in these programs place an emphasis on tax incentives and privacy in order to attract discerning investors, business and professionals interested in reducing their tax liability while protecting their privacy.

Safety and Security

Having a spare passport may be a literal lifesaver if your home country’s political climate takes an unexpected turn for the worse. Make sure you and your family can easily start a life in a new country (if necessary) without the worry of safety or financial security.

Improved Quality of Life

Being a dual citizen means you can take advantage of your second home country’s healthcare, social services, recreation, and education. Some countries like Portugal have generous programs for its citizens including world-class healthcare and free education.

This is an impressive advantage for those currently residing where healthcare or education systems are lacking in quality, affordability or accessibility.

A Gift for Future Generations

Once you gain citizenship in another country, you will be able to pass on your citizenship to your children and possibly grandchildren. This gives you a lot of security in the event of emergencies. You can easily settle in a new country and not have to worry about getting Visas for your family.

How to Obtain a Second Passport

There are several different ways to get a second passport and the good news is it’s not as difficult as you may think.

  • Relatives or Ancestry: You may be able to gain citizenship by your family’s bloodline. Some countries allow you to apply for citizenship based on your family ties going back to even grandparents.
  • Natural Citizenship: Becoming a natural citizen can take up to 5 years so if you have plans to start a life in another country this may be the best option. Making long-term commitments
  • Economic Citizenship: You can obtain citizenship in another country by making an investment like starting a business, investing in a property, or making a payment to the government. This process is much quicker and more robust than the two mentioned above.

Popular Countries Offering Such Programs

Antigua and Barbuda

  • $100k-$400k investment
  • Asset: Contribution or real estate
  • 4-6 months to citizenship

Cyprus

  • 2.5M Euro investment
  • Asset: Real Estate
  • 6 months to citizenship

Dominica

  • $100k-$200k investment
  • Asset: Contribution or real estate
  • 4-6 months to citizenship

Greece

  • 250k Euro investment
  • Assets: Real Estate
  • 7 years to citizenship

Grenada

  • $150k-$350k investment
  • Assets: contribution or real estate
  • 4-6 months to citizenship

Malta

  • 1.2M Euro investment
  • Assets: Real estate, government bonds, and contribution
  • 6-8 months to citizenship

Portugal

  • 350k-500k Euro investment
  • Asset: Real Estate
  • 6 years to citizenship

Saint Lucia

  • $100k-300k investment
  • Asset: Contribution or real estate
  • 4-6 months to citizenship

Saint Kitts and Nevis

  • $150k (contribution), $200-400k (real estate)
  • Asset: Contribution or real estate
  • 4-6 months to citizenship

Closing Thoughts

For many individuals and entrepreneurs who looking to become global citizens, a second passport is a very worthwhile investment. They can open up the doors for new and interesting opportunities in travel, business, and life.

If you’re contemplating participation in one of these programs, there are a number of companies such as Bluemina who specialize in facilitating the process.

Accumulative vs Cumulative Investment Returns – What’s the Difference?

It’s time for a vocabulary headache. Today’s guest stars are “accumulative” and “cumulative”. We’ll get to what those words mean in the context of investment return in just a moment.

Before we can do that, though, we have to sort out precisely what those words mean and how they differ from each other. There is a very fine line between them in the way that they differ, so pay close attention.

The Definitions

investment

Accumulative: Accumulative is an adjective that applies to something gradually growing or increasing over time. Synonyms for accumulative may include snowballing, amassing, intensifying, etc.

Cumulative: Cumulative is an adjective that applies to something that is increasing due to a combination of independent reasons. Synonyms for cumulative may include chaining, piled, grouped, etc.

Notice: The main difference in the two words are the fact that cumulative encompasses one increase after another, while accumulative refers to one growth as a whole. For example, one might refer to “their cumulative GPA,” which one collects after adding together all the increases or decreases of their separate grades in each class.

On the flip side, someone might talk about “the accumulative damage of rainfall,” which would refer to the gradually increasing damage caused by rainfall over time, with no other factors and no additions to be considered.

In the Context of Investment

investment returns

Now, we can discuss what you all came here to learn: What the difference between accumulative and cumulative investment return is.

The first thing to understand is that there is no such thing as an accumulative investment return. Save yourself the trouble searching for advice on accumulative investment returns by not doing so at all. Nothing will come up in your search.

In the context of investment, cumulative investment return is what’s usually talked about. As you might guess by the definition that we discussed above, you find the cumulative return by factoring in all the different gains and losses made over time to show the current total investment return.

The data can then be analyzed to decide whether or not it’s a smart idea to continue your investment – alternatively, an analysis can help you determine how much more – or less – money you want to put into the investment if you choose to continue.

Cumulative investment returns can be roughly calculated by subtracting the original investment amount from the current value of the stock and then dividing that number by the initial investment amount again. Lastly, subtract one from that number. After converting the final result to a percent, you have your cumulative return for any given any.

While an “accumulative” return isn’t correct terminology, a term usually mentioned in comparison to cumulative returns is the “annualized return,” which looks at the investment return in any given year rather than any point in time like cumulative returns can do.

Annualized returns must be compared side by side while cumulative interest maps out the gain for all time. Comparing the two against each other provides valuable information on the patterns of how poorly or how well your investments are holding up.

Conclusion

In summary, knowing the difference between accumulative and cumulative can be important when working in an economic context, and your cumulative investment return is a valuable tool in monitoring the ups and downs of your investments.

When you are thinking about investing somewhere, you should look through some other articles as well that I wrote about:
Investors Hub Review

Bulls on Wall Street Review

Finviz – A Full Overview

Investors Hub Review

One of the best ways to expand your financial acumen is to speak with other traders and investors. However, finding a platform across which the quality of conversation is up to the mark is not easy. That is why, before you join any investment platforms or message boards, it is better to find out as much as you can about them.

One such platform is known as Investors Hub. Recently, it has become quite popular. The question is, can it help you improve your financial acumen?

We will today share with you our Investors Hub review, which will help you understand if the platform is worth it or not. We will also share with you information about its premium memberships which will help you know if it is a good option or not.

What Is Investors Hub All About?

InvestorsHub.com also known as IHUB, is a resource for catering to penny stocks. It also covers other stocks and other assets like forex, cryptocurrencies, and so on. Additionally, the forum offers tools such as screeners, news reports, charting tools, and even alerts. Till date, it is host to more than 142 million posts and over 650,000 members.

In a nutshell, it is a forum that can keep you up-to-date with the markets and also help you come across newer investment and trading ideas. Now that you know what Investorshub is all about; let us look at the creator to understand more.

Who Is The Parent company behind the platform?

In 2006, a publicly-traded company acquired the platform. It goes by the name of ADVFN. ADFVN is a data provider which provides real-time as well as delayed rate on stocks, Forex, futures, cryptocurrencies, and assets across different world exchanges. The company caters to various markets like the US, Germany, Italy, Brazil, UK, Canada, and so on.

The company aims to provide all the data which an investor needs on a single platform. Thus, when it comes to the current owner of the platform, the company is legit, and in fact, the data provider in the field. That is why, in terms of the credibility of the creator, there are no red flags at all.

What Is Included In Investors Hub?

a man working

When it comes to any message board, it is essential to look at the quality of information on offer. Same is the case with investor hub. We will now highlight the type of content on offer so that you can decide on joining the platform.

Homepage:

The homepage of the message would consist of charts of various enterprises and assets like Dow Jones, NASDAQ, crude oil, gold, Bitcoin. The single glance at the homepage will let you know about the present position of these assets quite easily.

Below that, you will find various news videos which are in the trend which concern listed companies. Due to this very reason, keeping a watch on company statements and industry developments is comparatively easy.

The homepage also consists of a table tracking stocks across various industries. The table classification is not just by the index but also by gainers, losers, volume actives, and so on. That is why; knowing the condition of the market in a single glance is quite easy. The same data is available for cryptocurrencies as well down the page.

Additionally, the news section lets you know about the latest developments just at a glance.

Thus, when you look at the homepage, it can provide you with the summary of not just the stock markets but variants assets in a jiffy.

Boards:

Investors Hub has various boards on offer like:

  • Stocks
  • Commodities
  • Forex
  • Cryptocurrency
  • The lounge

Each one of them is active. Due to this very reason, if you need any information about these asset classes or want to discuss something about these asset classes, it is easy to do so on these boards. The boards are one of the main reasons why it has become so famous.

Hot!:

Once you go across various boards, you will realize that due to the high activity on these boards, it is not that easy to find the most active discussions. Besides the most active discussions are also the ones that can provide you with maximum insights.

The hot! section solves that problem for you. It lists down the most active message boards according to the type of asset class which they are discussing. As a result, you can take part in most of the discussions and also keep track of them from a single page.

Also, many times, when you’re just looking to get a grip on the pulse of the market, the search option will not help you. In that case, this step can certainly help you know more about the current discussions going on.

Want to view the course of the most valuable members on the platform?

The most followed members option in this section will help you find them in a jiffy. Thus, this page not only helps you discover quality interactions and topics but also can help you save a significant amount of time.

Tools:

While the website is famous for its message boards but it also offers quite a few tools to its members. These tools include:

  • Charts
  • Screeners
  • Newsfeeds
  • And so on

Any trader and investor worth his/her salt will know that charts and tools can come in pretty handy when it comes to any asset class.

While most of the tools are free, but if you want to plot them over real-time charts, you might have to go for one of the subscription packages. Considering the low price of the subscription packages, it is a steal.

The indicators include an entire book of technical indicators like:

  • Moving averages
  • RSI
  • Bollinger bands
  • Stochastics
  • MACD
  • And so on

Thus, irrespective of the strategy or the indicator which you are planning to use, you can find it on this platform, since you can take advantage of the newsfeed as well. It means that you can make your trading decision in a jiffy. When it comes to trading, every second counts, and that is why these tools are one of the most useful features of the platform.

A unique feature of this hub is that it provides level II window as well while you’re examining an asset class in the level I window. While the level I window provides you with a lot of information, the level II can give you a glimpse into another asset. It means that tracking different stocks and assets is possible.

With trades these days getting triggered in a jiffy, this feature can come in handy for most traders and investors.

Thus, the bouquet of tools on offer makes investor hub a highly effective platform.

Crypto:

Under the crypto page, you will get information about top cryptocurrencies. It also includes tools like cryptocurrency converter, ICO list, and a mining profit calculator. Thus, all the information which you need about cryptocurrencies is present and a single tab. It ensures that you can find whichever information you need in a jiffy under the crypto header.

Streamer:

The streamer base is available only for members. It allows you to monitor the quotes across various asset classes in real-time. With constant refreshing of rates, keeping a tab on the changing market dynamics is quite easy.

Level 2:

Level II is a subscription service which provides you with real-time data for NYSE, NASDAQ, OTC Pink/BB, level II windows access. The subscription includes a one-month free offer which means that you can try it out if required.

Thus, when you look at the offerings by investors hub, you will realize that it provides you all the data, tools as well as interactive message boards. Due to this very reason, it is a message board which you cannot ignore.

How Does Investors Hub Work? Is It a Scam?

Are you wondering all that is great, but what about the various subscription packages?

Worry not! We will decipher them all for you.

The majority of the tools and message boards are available for the free registered members. If you want real-time data and want to plot the indicators on real-time data, you might have to go for a subscription service. There are multiple such package options on offer by the company. These include:

  • Premium access which provides you with access to private messenger, unlimited posts, auto-refreshing feature, premium status icon, and a higher buffer limit, costing $ 8.33 per month.
  • Level I starter package which costs $ 14.43 and provides you with live NASDAQ and NYSE data along with delayed OTC Pink/BB quotes.
  • Small-Cap Pro package which includes NASDAQ and NYSE quotes in real-time along with level II windows, and tick by tick OTC Pink/BB quotes will cost you $ 44.59.
  • The website also offers the ultimate trader package. It provides you with all the data in real-time and level II window access for NYSE, NASDAQ, OTC Pink/BB. It will cost you $80.29/month.
  • The platform also offers trader alerts and Mobile access service as an add-on. Some other add-ons also include increasing the maximum stocks which you can track, and access more windows simultaneously. The add-ons are priced upwards of $ 6.72.

The beauty of investors hub is that it offers different packages which can cater to your need precisely. That is why, instead of merely going for the priciest package, you can choose the subscription which serves your needs the best. Since it consists of add-ons as well, choosing the right package is quite easy.

You might be thinking, are the subscriptions worth it?

The answer is yes. Since it provides you with all the data on a single platform, trading and investing decisions are easier than ever. The prices also offer value for money which means that you can recover them in a short time. As long as you know how to act on this data, it is a great value proposition. The platform is backed by a company which is a data provider in the financial realm across countries. That is why; there is nothing to worry.

So, the investors hub not only works, but it also provides a great value proposition which is why you should not think twice before going for it.

Features:

  • Covers various asset classes
  • Offers different packages
  • Interactive message boards
  • Summarizes a lot of information on the homepage
  • Free membership available as well
  • Offers tools as well

Pros:

  • Offers actionable data
  • Great value for money
  • Effective tools on offer
  • Credible owner
  • Helps you track various asset classes
  • Easy to navigate

Cons:

  • The site layout is a bit traditional

Does Investors Hub Work?

struggling financially

 

Investors Hub definitely works. If you are an investor in stocks, Forex or cryptocurrencies, or a trader in these asset classes; it is one of the best platforms for you. With interactive message boards, there is a lot to learn as well. Due to this very reason, if you’re in 2 minds regarding it, you should go for it. Even the various subscriptions on offer provide excellent value for money and can give you a kick start in the world of trading and investing.

Who is the Ideal Candidate for Investors Hub?

The answer to this question is almost everyone. Anyone who wants to make money by trading or investing in assets is the ideal candidate for this platform. The platform can help you gain a competitive edge over other traders and investors (Especially the subscriptions).

Conclusion

If you’re in two minds regarding investors Hub, our advice would be to go for it. Once you get familiar with it, it is easy to obtain actionable data from the platform. You can base your trades and investments on the data from this platform.

The platform offers a lot of data under the free membership. If you’re interested in making money, you can go for the subscription plan to cater to your trading/investing requirements. The platform can single-handedly help you make money from various asset classes, and that is why it is worth subscribing.