2021 | Chill Maadi

Don’t Wait for an Emergency to Call Your Local Plumber!

Plumbing emergencies are well documented. From a broken or burst pipe to water coming through the ceiling, we are all well aware of the major disasters that can affect the average home. But more often than not, there are one or two less major plumbing problems that affect us all from time to time, problems that often go unfixed year after year costing money.

Rather than suffering from annoying little problems, and if you reside in Sydney, it is best to call in the best plumber Sydney offers to sort these problems out once and for all and in some cases prevent these little problems from becoming major issues costing us more money.

But what are some of these problems and why is a plumber the best person to call?

Blocked Drains

Does your sink from time to time become blocked, resulting in the plunger being brought out more often than you would like? Blocked drains are a common problem that can be easily fixed by a qualified plumber. But not only will a plumber be able to fix it within a few minutes, but they will also be able to identify the problem and offer advice on how to prevent it from reoccurring.

Food scraps and fat are the most common causes of blocked drains, so the plumber will be able to identify what the cause was, and then advise on how to otherwise dispose of the troublesome items.

Noisy Water Systems

Does your water system make unusual noises? Does it keep you up at night? By calling a qualified Local plumber these noises can be identified and then rectified. Usually, a noisy system is due to the water traveling at a high velocity through the pipes.

Do not just assume these noises are natural; in most cases, they are not.

Toilet Trouble

Toilet blockages are relatively common and are mostly caused by objects being disposed of down there that shouldn’t be, such as sanitary towels and nappies. A plumber will be able to remove the blockage and leave your toilet in full working order. To a fully qualified local plumber, a blocked toilet will present no challenge, and whilst he is there he will usually also make sure that the toilet and drainage system are working to their full potential.

Instead of struggling with common plumbing problems, call a local plumber. They see these problems every day of the week, so do not suffer in silence. Not only will these problems be fixed, but you will also receive some much-needed advice on how to prevent them from returning.

Take profit: examples of profit taking on the stock exchange

What is profit-taking on the stock exchange?

In simple words, it is an exit from the current profitable transaction. While the transaction (position) is open, the profit on it is floating, it changes depending on the fluctuations of the quote. When a trader closes a trade, the profit is fixed.

Profit-taking in trading is the most pleasant process when, after closing a transaction, the balance increases due to the fact that floating profit is transferred to it as the financial result of the transaction. This scheme is the same in different markets. Profit-taking on stocks, futures, and cryptocurrencies occurs similarly.

At the same time, it is important to note that a trader can fix a floating profit both with the help of a take profit order (automatically) and manually.

What is take profit in trading?

This is a pending order that must be executed when the market price reaches a certain level. When this happens, a market order is sent to the exchange, which is directed against an open position, which leads to its closure.

For example. You have a long position open on the oil market, yesterday you bought it at 40.00. Today the price fluctuates around 41.00. You send a take profit to the broker at 42.00. This means that if the quote reaches 42.00 tomorrow, a market order for sale will be sent to the exchange. Thus, the take profit will work, your contracts will be sold, the position will be closed, and you will fix the profit from the transaction.

How can take profit be calculated?

In the most general case, there are 2 ways:

Mathematical. In this case, take profit is calculated according to formulas and proportions. For example, a trader sets a stop loss for 10 ticks. Then he can set a take profit for 15 or 20 ticks. Then the ratio of profit to risk will be 1:1.5 or 1:2 (excluding commissions). This is a rational ratio that you can work with.
Discretionary. In this case, the trader conducts an analysis, the purpose of which is to identify where it is better to set a take profit.

One of the effective ways is to use the volume analysis and functionality of the ATAS platform to track the activity of large market participants, and then come to a logical conclusion where to put take profit.

What is the difference between a take profit and a stop loss?

These are two very similar pending orders, they are both waiting for their time. In order for them to activate, you need a condition – the price reaches a certain level. Then they are triggered as triggers and send market orders to the exchange opposite to the open position, which leads to its closure.

An important difference is that a stop loss fixes a loss (so that it does not reach catastrophic proportions), a take profit fixes a profit.

There are still some differences between take profits and stop losses. It is believed that:

Take profits slow down the market, and stop losses accelerate the market;
Take profits are often placed before important levels, stop losses are placed behind important levels

How to set a take profit?

Take profit can be set:

during the opening of a position or after its opening;
manually or automatically;

There are defensive strategies in the ATAS trading platform. There you can set up a take profit so that it will be set automatically together with the opening of a position at a given distance.

How to set take profit

What happens when a large number of taking profits are triggered?

At the points where a large number of taking profits are triggered, the market slows down.

For example, large traders are in purchases. They placed take profits below an important peak. When the price reaches the take profit level, sell orders begin to enter the market to close previously opened purchases. As a result, the uptrend may slow down, or even reverse. Because of this, sometimes there are ”shortfalls” of the price to the previous important levels.

Where are take profits often placed?

A popular place to place take profits is a price zone located near some important level, but not reaching it.

Where to place take profits

Sellers at point 1 are likely to place their stop losses for the previous high. And buyers at point 2 are likely to place their take profits before the previous high.

Another place to place take profits may be the levels at which stop losses are presumably set. Then stop losses will be reduced to take profits.

Where to place Profit Taking

Take profits placed in this way to have increased profit potential, but also a lower probability of execution.

When taking profits and stop losses are triggered massively, you can see a noticeable drop in open interest.

How Profit Taking works

What do we see in the picture above? When the previous low was broken, a large number of market sales were sent to the market (this is evidenced by the red clusters). Obviously, numerous stop-losses of buyers have been triggered. Some of them were combined with the sellers’ take profits.

As a result, we are seeing a sharp drop in open interest, which indicates the exit of a large number of traders from the market.

Principles of Profit Taking

The general principle that will help in using take profit is“ “Cut losses, and let profits grow.”

The first part of this principle refers to the ”brother” of take profit – stop loss.

Stop loss should be clearly limited, and if the market goes against your position, then losses should be cut without regret, closing a losing trade. Sitting out losses, hoping for a price return, or emotionally averaging an open position, while also increasing the volume– is the way to lose the deposit. Losses need to be cut at the lowest possible level.

The second part of this principle already directly concerns take profit.

Place the take profit in such a way that the profit has the opportunity to grow. You need to give the market the opportunity to move in the direction of your transaction.

It is desirable that the take profit exceeds the stop loss several times. Give the market time to bring you a significant profit, set take profit at sufficiently remote levels.

Learn the trailing stop technique. This is a method of tracking a successful transaction, in which the trader moves the stop loss following the price going in his direction. So the trader protects the achieved profit, but does not limit the potential for its further growth.

Of course, there are different trading systems for exiting trades, but the main principle “cut losses and let profits grow” has passed the test of time and has been used by many well-known traders.

Conclusions

Correct profit taking is very important in trading. So don’t forget that:

Take profit (exit from a trade with a profit) should be clearly described in the trading system, and its effectiveness should be tested on history;

Indicators for volume analysis in the ATAS trading platform help to find levels for effective take profit setting;

It is desirable to set a take profit according to the general principle“ “Cut losses, and let profits grow.”

5 Qualities Essential For a Successful Stock Trader

All of us who venture into the stock market should possess certain basic qualities that will help us to be successful in trading. Without any exception, everyone who ventures into stock trading is interested in making some quick money. Here are some basic qualities that you must have to be a successful trader.

Patience

First, you should be patient with yourself and give yourself some time to learn the basics of stock investing. Many people when they begin their stock trading career, they try to plunge into it immediately in their enthusiasm to make money. However, by doing this you will be subjecting yourself to great financial risks.

Accept Losses

Secondly, when you enter into stock market, you are bound to make some wrong decisions in the beginning and this should not discourage you. Loss in the beginning is inevitable and you should be mentally prepared for it only then, you will be able to survive in this field. You must always keep long-term profit in mind. Even if you make a wrong decision in a particular instance, you will be able to make up for the loss at a later stage.

Research

Thirdly, you must never get to your trading desk without making thorough stock market research. You will have to be faithful to your market research daily. Lot of things could have happened when you closed the previous day and get back to your trading desk the next day morning. If you do not keep yourself informed of the latest developments in the market, your decisions for that day will not be sound stock investment decisions.

Speculation is the key to stock trading. However, speculation should be based on statistics and other facts. Any speculation that does not take into consideration factual details will only be random speculation and this will not help you in the long run. The prevailing market trends should guide your decisions.

Discipline

The next important quality for a successful stock trader is discipline. It is everyone’s weakness to give in to the temptation to wait longer to see a greater profit. But decisions that are postponed will push you to unnecessary loss. On the other hand, you must be content with your reasonable profit. To avoid loss, once you reach the cut-off that you set for yourself you must sell those stocks. This applies to day trading in particular.

Don’t Panic

Yet another crucial quality required is the ability to think clearly in the midst of stressful trading day. The market can be highly volatile and in the beginning when you see the stocks being so volatile you will tend to panic. Once you give into your fear, you will tend to make hasty decisions hoping to save the loss. If you give yourself some time, you will see the market stabilizing itself. You must not make investment decisions or selling decisions when you are tensed. Such decisions will often be faulty decisions because your reasoning faculty is no more supporting your decision-making efforts.

These are some of the essential qualities that will set you apart as a successful trader in this field.

Gas prices continue to rise on record, oil at fresh highs: what drives the markets?

What happened?

Oil

The jump occurred after the new agreement of the OPEC+ countries. An agreement was reached to increase oil production in November by 400 thousand barrels per day.

Oil prices have returned to the level of three years ago. Thus, the cost of a barrel of Brent for the first time since 2018 exceeded $ 81. WTI fuel also broke the record. More than $77 is being asked for it on the London Stock Exchange. This is generally the best result since 2014.

Such a jump occurred after the new agreement of the OPEC+ countries. They agreed to increase oil production in November by 400 thousand barrels per day.

At the same time, the participants of the meeting took into account all possible risks — the next waves of coronavirus and the possible launch of additional volumes of black gold from Iran to the market. This, according to experts, will help to stabilize the situation with fuel prices.

Gas

The price of gas futures contracts on October 7 broke another record and crossed the $1,900 mark, according to the ICE exchange platform. In just a few hours, it jumped by more than 20%, and then fell by $200 in 10 minutes.

What does it mean?

Oil

The energy crisis in Europe will intensify as utilities continued to outbid scarce supplies of natural gas as the winter heating season began.

Shale oil production will grow over the next 18 months, even if prices reach a multi-year high, leaving OPEC in a very weak position as the world cries out for more barrels.

The decision threatens to exacerbate tensions between the United States, Europe and China, which fear that rising energy prices could undermine the recovery of their economies.

Nevertheless, OPEC+ assures that in the event of a sharp increase in demand, they will be able to adjust production and prevent the oil market from overheating.

Gas

Gas prices have started to rise due to the European gas crisis, but it seems that new price records are now being achieved in the absence of obvious new reasons.

We are faced with the inability of the market to generate an adequate gas price. It does not reflect either the level of transactions or the state of the market in Europe. But this is only part of the truth. In addition to gas producers, traders are actively working on the market, but they have serious financial problems due to high gas prices.

Why should I know that?

The inflationary background may contribute to the growth of securities of companies from the electric power sector and consumer goods.

Given the current situation with gas prices in Europe, investors should pay attention to protective assets, as well as shares of companies exporting natural gas, coal, oil and polymers. An increase in inflationary pressure may have a positive impact on the profitability of grocery retailers, Walmart-type chains and consumer goods manufacturers such as Procter & gamble and Johnson & Johnson.

This week, Reuters reported another reason for the price increase – brokers and exchanges demanded that commodity traders increase financial guarantees for short contracts due to rising prices for gas futures contracts, margin calls were experienced by the largest commodity traders Glencore, Gunvor, Trafigura and Vitol, among others. The special drama of the situation is that operations with commodity futures themselves are an element of hedging or insuring financial risks for traders with sharp fluctuations in commodity prices, but no one expected such a sharp rise in prices.

The consequences of such high gas prices will continue to increase prices for other energy carriers, such as energy coal and petroleum products. If we recalculate the cost of a barrel of oil in Europe based on the energy value of alternative gas, then it should be above $200.

Now we can say that in the foreseeable future there are no serious reasons that can stop the gas crisis that has broken out. Supplies of liquefied natural gas, which can partially compensate for the imbalance in the European market, are reoriented to Asia, where there is still high demand, especially from China. Komlev said that due to the growing demand for LNG in Asia, where gas is sold more expensive, another 14 billion cubic meters of gas did not reach Europe. This is 4-5% of the volume of consumption, “it was enough for prices to go off the chain,” added the top manager of Gazprom Export.

It is obvious that without the intervention of the regulator, the process of price growth can be catastrophic.

States within states: why large companies need cryptocurrencies

Analysts at Goldman Sachs wrote that the cryptocurrency market is already catching up with the traditional financial market in terms of volume and amounts to $1.87 trillion. Apple, Amazon, and Walmart have announced the search for specialists in cryptocurrencies and digital money. Where will the company’s interest in crypto assets lead?

Who goes to the crypt?

On August 15, the largest retailer in the United States, Walmart, posted a vacancy on its LinkedIn profile about finding a leader in digital and cryptocurrency products. Based on the job description, this person should develop a “digital currency strategy and a product roadmap.” The specialist should also be responsible for partnerships related to cryptocurrency. The announcement does not specify which products the future Walmart employee will launch.

This vacancy was published a few weeks after Amazon, one of the world’s most prominent players in the e-commerce market, announced the search for a leading specialist in digital currency and blockchain products. According to the job description, it should be an employee who will develop a digital currency and blockchain strategy for Amazon and a product roadmap. One of the necessary skills of a candidate, which Amazon indicated, is “the ability to succeed in an uncertain and constantly changing environment.” According to a London newspaper City A.M. source, Amazon’s plans are broader than just accepting cryptocurrency for payment: in 2022, the online retailer will create its token.

At the end of 2021, Amazon will start accepting bitcoin as payment — it will be the first of about eight cryptocurrencies that Amazon will work with, the interlocutor of City A.M. noted. According to him, the company will later start working with cryptocurrencies like Ethereum, Cardano, and Bitcoin Cash. At the same time, Amazon denied these rumors and reported that the speculations that arose around the company’s specific plans for cryptocurrencies do not correspond to reality.

The British bank Lloyds Banking Group also published a vacancy in the search for a senior manager for digital currencies and innovations in mid-August. The announcement says the company is looking for an expert in cryptocurrencies and blockchain who will work on new projects for the bank.

Even earlier — at the end of June — Apple posted a similar vacancy. Among the essential requirements for the position of manager for the development of “alternative payments,” the corporation indicated five years of experience working with digital wallets, players in the “buy now, pay later” segment (Buy now, pay later, BNPL), fast payment services, cryptocurrencies, etc.

Some large companies already accept cryptocurrency as payment for goods and services. Starbucks and a large chain of Home Depot construction stores accept cryptocurrency through third-party applications that convert digital money into dollars, The Wall Street Journal reported. Payment in bitcoins was also accepted by Tesla. Still, the company’s head, Elon Musk, soon suspended the experiment because cryptocurrency mining is too harmful to the environment. At the end of July, Musk said that the company would most likely start accepting bitcoins again after conducting a comprehensive check of the amount of renewable energy used to extract the currency.

Why is this necessary

Today, the cryptocurrency market is already catching up with the traditional financial market in terms of volume, Goldman Sachs (GS) analysts write in a report dated August 11 (Forbes has it). According to CoinMarketCap.com, there are about 6,000 cryptocurrencies on the market, with a total market capitalization of $1.87 trillion. For comparison, the total market value of bonds covered by the Bloomberg-Barclays US Corporate High Yield Index is $1.67 trillion, while the market capitalization of the S&P 500 is approximately $39 trillion, according to GS.

Analysts write that cryptocurrencies are a highly competitive market compared to other asset classes. The most popular digital currency is bitcoin-it accounts for 46% of the entire cryptocurrency market, and another 20% is occupied by the second most popular, Ethereum. The shares of the two largest companies (Apple and Microsoft) in the S&P 500 account for about 12% of the market capitalization. According to GS, the shares of the largest 84 companies account for 66% of the total market capitalization.

Facebook was a pioneer in the cryptocurrency market among large companies. Still, it tried to launch a digital currency at the wrong time. In 2019, it was crushed by the state regulator, which is afraid of losing its control, according to Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain (RAKIB). However, the pandemic has changed the situation; he continues: online solutions are becoming more popular, and now it is difficult to resist such initiatives, says Brazhnikov. According to him, the world is moving towards the fact that cross—border companies can get away from the dependence on states and their currencies-the dollar, euro, and ruble.

“Why should Amazon receive payment in different currencies, if the company can make its own tokens, for example, Amazon Coin and receive payment in them?”, the expert argues.

Amazon can teach people to buy in their currency if it encourages customers with discounts when using tokens and then begins to cooperate with other companies, predicts Brazhnikov. Such a development strategy will lead to the fact that shortly companies will not depend on any state, Central Bank, or regulator but will sell and form prices for goods and services themselves, the expert is sure.

Now retailers, as a rule, accrue points to customers for purchases on their sites, and creating their cryptocurrency will help them replace these points, says Rustam Botashev, portfolio manager of the Hash CIB investment company. Companies may want to sell some tokenized goods in the form of an NFT (non-fungible token, non-interchangeable token) or launch a marketplace, Botashev suggests. Experiments with cryptocurrencies are a win-win situation for large companies, which either will not affect their development in any way or will only affect them positively, he is sure.

Pharmaceutical companies today

The COVID-19 pandemic has given a strong impetus to the development of many pharmaceutical companies. Consider who has succeeded in their development more than others and which companies should be adopted.

Anti-covid cocktail drives record revenue for Regeneron Pharmaceuticals.

Regeneron Pharmaceuticals is an American biotechnology company founded in 1988. The most commercially successful product of the company is the anti-covid “cocktail” of REGEN-COV antibodies, which US ex-President Donald Trump used to treat the coronavirus.

As a representative of Regeneron said earlier, the US government has already purchased up to 1.5 million doses of the drug, and it is provided free of charge to patients. In the first half of 2021, Regeneron sold REGEN-COV doses totaling $ 2.85 billion (37.2% of total revenue) without a full-fledged regulatory license. REGN shares have gained 69.27% since December 31, 2019, while the S&P 500 is up 36.2%, and the industry average S&P 500 Healthcare is up 32.05%.

The stock is recommended to buy with a target price of $ 755.02, which implies a 15% upside potential.

Axsome Therapeutics shares jump 19%

Axsome Therapeutics, a biotech company that develops new treatments for central nervous system diseases, jumped 19.06% in a New York premarket.

The company said on Monday that it had received a response from the US Food and Drug Administration (FDA) that a new application for a depressive disorder drug (AXS-05) would not be completed by the target date of August 22, 2021.

However, the FDA did not request additional information from Axsome; the application is ongoing.

Shares closed 8.29% higher on Friday.

Trillium Shares soar 190% after news of merger with Pfizer

Trillium and Pfizer announced that the companies have entered into a definitive agreement under which Pfizer will acquire Trillium, which develops innovative cancer treatments. Under the terms of the agreement, Pfizer will acquire all outstanding Trillium shares not yet owned by Pfizer for $ 2.26 billion, or $ 18.50 per share.

This represents a 118% premium to Trillium’s 60-day weighted average share price.

Trillium possesses the only known targeting molecule, SIRPα – CD47, with clinically significant responses to monotherapy and a solid basis for combination therapy, supported by preclinical data with diverse therapeutic agents. With Pfizer’s global reach and capabilities, programs will move faster to patients.

How Can I Use a Loan Against Property Calculator?

Applying for a LAP or loan against property is somehow an ideal option to place your monetary worries. It can be a daunting chore when someone really wants to assess the monthly installments. However, you can resolve this matter smoothly by just utilizing a loan against a property calculator to compute your EMIs. Keep reading to understand how you can efficiently use an online EMI calculator and determine your monthly payment amount.

Before availing of a loan against property, the borrower needs to estimate his monthly installment worth, calculate interest charges and select a proper tenure period to pay off the loan amount. Now, you can solely utilize the EMI calculator for loan against property that provides accurate results instead of exercising the calculation manually.

Before we get into details of EMI or Equated Monthly Instalment calculator for LAP, let us make you understand what LAP or loan against property is.

What is Loan Against Property calculator?

A loan against property or LAP calculator is an online free tool that is available on most of the lender’s official sites. This free tool helps prospective customers to assess the monthly installments that he obliges to pay back to the lender within a specific tenure. So, when you enter all your required details like interest rates, total loan amount, loan tenure, etc., the tool suggests perfect results. Most importantly, you can get a concise idea regarding the financial planning, which you strongly require, and assess your loan repayment capacity using the online loan calculator.

Despite this, LAP enables the borrower to avail of finance by letting you mortgage a plot, land, own home or rented assets, house, etc. Hence, you can successfully satisfy your financial requirements. Nevertheless, a salaried or self-employed, or non-professional individual can avail of a maximum of 60% loan approved by the lender by mortgaging property.

Once you successfully repaid the whole amount, you can possess the property as your own. And, by any means, if you fail to repay the loan, the bank will hold the right to take possession of the property legally.

How can you use the EMI calculator?

· Firstly, enter the principal finance value

· After that, enter the interest rates provided by your lender

· Enter the tenure duration you are comfortable with, which is a culmination of 15 years in the case of LAP.

· Now click the calculate option to see the result.

You can use the calculator endless times just by feeding the details above-mentioned and receive the result instantly. Moreover, using this calculator is not rocket science. Additionally, you can use different combinations of the interest rates, principal loan value, and tenure period and get to know various prospective EMI amounts, and select the one that suits your ability. And, this online calculator is accessible 24×7.

Final verdict:

Now that you know how to use a loan against a property calculator, you can easily design your LAP plan through any authentic and suitable lender. Once you determine all these factors, you can apply for the loan. And fund your personal financial needs or business requirements sufficiently.

How to do my financial planning?

First off, there is no such thing as “financial planning”. There are many different types of plans depending on your needs and goals. You need to decide which type of plan best fits your current circumstances and then work backwards from there.

If you want to save up for retirement, start by calculating out exactly how old you will be when you retire and figure out how long you expect to live after retiring. Then calculate out how much income you’ll get per year during those years.

Once you’ve got an idea about how much money you’ll make each year, use these numbers to determine how much you need to put away every month until you reach your goal amount. This number may change over time based on inflation rates, tax changes, interest rate fluctuations, market conditions etc.. But at least you now have a starting point.

As far as websites go, I would recommend using Mint.com or Personal Capital. Both allow you to track your spending habits and see trends over time. They both give you access to tools like budgeting calculators and investment portfolios.

How is Financial Planning important?

Financial planning helps you avoid making bad decisions later down the road because you had all the information available to you before hand. It also gives you peace of mind knowing that you have done everything possible to prepare yourself financially for whatever life throws at you.

What kind of investments should I consider?

This depends entirely on your personal preferences and risk tolerance. The most common options include stocks, bonds, and mutual funds. Some people prefer real estate while others choose gold/silver coins. Whatever option you select, just remember that investing involves risks.

Even though the markets fluctuate wildly today, historically speaking, they tend to stay relatively stable. That said, you still run into volatility from time to time. Whereas, if you invest in something like gold, silver or other precious metals, you won’t experience wild swings in value due to supply & demand issues.

There are two main categories of investments – Stocks and Bonds. Each has its own pros and cons. For example, stocks provide higher returns than fixed-income securities but carry more risk. Fixed Income provides lower yields than equities but less risk.

Investing in Stocks

Pros: Chances of Higher Returns

Cons: More Risk

Investing in Bonds

Pros: Lower volatility

Cons: Less Return

What are the components of a financial plan?

A financial plan includes:

An understanding of where you stand with respect to debt, savings, and assets;
A projection of future earnings and expenses;
A calculation of what percentage of your annual salary goes towards taxes;
A determination of whether you’re saving enough for retirement;
A strategy for achieving your short term and long term goals;

1) Debt – How much do you owe? What’s your current balance? Are there any debts coming up soon? If so, when will they be paid off? Do you want to pay them off sooner rather than later?

2) Savings – Where does your money come from? Is it going somewhere else? Can you save more?

3) Assets – What are your assets worth right now? Have you saved anything recently? Has anyone given you an inheritance?

4) Taxes – How much tax do you need to pay each year? Will you get a refund next month?

5) Goals – What do you want out of life? Do you want to retire early? Save for college tuition? Buy a house? Travel the world? Pay off student loans? Start a business? All these things require different amounts of cash flow. You’ll also need to make sure you don’t spend too much.

How would someone go about getting started with financial planning?

Start by taking inventory of all your finances. This is called “financial fitness”. It helps you understand how well prepared you are financially. Once you know where you stand, then you can start making plans. Here are some steps to take:

Step 1 – Determine Your Current Financial Situation

Take a look at your monthly bills. Add everything together and divide by 12 months. Then multiply that number times 100%. The result should give you a rough idea of how much money you currently earn per hour. Divide that amount by 40 hours to determine how many years you’ve worked. Multiply that figure by $40/hour to find out how much you’d need to work full-time just to cover basic living costs. Now add up all your non-mortgage debt. Include credit card balances, car payments, etc. Also, include any outstanding medical bills. Finally, subtract your total net worth. That gives you your starting point.

Step 2 – Make a Plan

Use the information above as a guide. Decide if you want to increase your earning power through education or career advancement. Or maybe you want to cut back on spending. Maybe you want to invest in real estate. Whatever your goal may be, write down exactly what you intend to accomplish over the course of one year. Be realistic! Don’t expect to become rich overnight. But keep in mind that even small changes can have big results. For example, if you decide to put away 10% of your income every week instead of 5%, you could end up with thousands of dollars extra after five years.

Step 3 – Take Action

Once you’ve made your decision, set aside time to implement your plan. Write down specific dates and deadlines. And stick to those commitments. Remember, this isn’t easy stuff. So you’re not likely to succeed unless you really commit yourself.

What questions do you think we missed? Let us know in the comments below.

7 Ways to Manage Good and Easy Personal Finances

If you want to be rich, you have to be able to manage your personal finances well! It turns out that it is not complicated to be able to manage finances independently! Follow the method below!

Happy reading!

How to Manage Good Personal Finance is Easy

Everyone certainly hopes to have a significant income, but did you know that the most important thing is that you can enjoy it, right? It’s unfortunate if we have a large salary or income, let’s say above INR 20 million, but our debts and bills are more than 70 percent of our income, and we can’t save or invest.

Any amount of income will not guarantee the welfare of our lives if we do not manage sound personal finances. Even rich people will be stressed and frustrated if they don’t manage their finances and manage their income and expenses.

Financial problems will certainly make your head dizzy, and you can’t sleep. So before financial problems pile up, it’s better to fix one by one simple thing and move on to the next stage. Let’s follow these Seven ways in managing finances that will make your financial life better, even avoiding the trap of consumptive debt.

#1 Have Personal Financial Records

Without personal financial records, we will not be able to manage personal finances properly.

Personal financial records are instrumental. This is an essential step we have to take. If we don’t do this initial step well, even consistently, then our finances will still be messy and not well organized. By recording personal finances, we can track where the money we earn is spent.

In addition, we can find out what expenses we can reduce, or we need to increase the nominal according to need. Recording personal finances can also help design financial goals; we can find our financial strength to achieve our financial goals within a specific period.

For example, suppose we have a financial goal to buy a house with a mortgage of 300 million in the next five years. In that case, we can plan from now on by saving a minimum down payment of 30 percent, which is 90 million for a specific time, according to our financial capabilities.

Besides buying a house, what other financial goals can we achieve? Of course, the first step we have to do is to record personal finances.

#2 Create a Monthly Budget

In creating a monthly personal finance budget, here is a formula that you can use 40-30-20-10, in the form of a division:

Allocate 40 percent of your income for daily expenses, such as monthly bill fees, to daily shopping needs.
Next, allocate 30 percent of your income to pay off debt installments if you have one.
You can allocate 20 percent of your following income for investment savings for a better financial future.
Then, 10 percent of your income you allocate to donations, gifts, or charity.

Easy, right?

#3 Manage Expenditures Wisely

This is where the art of managing personal finances comes in. Everyone certainly has their strategy, including you, right?

The first expense we need to pay is taxes or deductions.

Usually, this tax will automatically be deducted from the salary for workers or employees each month to receive a net wage that the cost of paying taxes has deducted.

In addition, deductions for social security for workers have also been paid automatically.

The next expense that needs to be regulated in managing personal finances is donations or charity.

Usually, 5 to 10 percent of the income is received.

Furthermore, to build good financial strength, we need to prioritize savings through investment vehicles.

Saving in the bank alone is not enough. The average amount of interest received in one year is not comparable to the current monthly administrative discount, which is quite large, especially with the inflation rate increasing every year.

Therefore, it is highly recommended to invest through various investment instruments that are very profitable to build a personal finance printer and prepare for a better financial future.

From this investment savings, we can also increase our income by building a business from the investment income.

Thus, we will increase the financial income stream.

#4 Create an Emergency Fund from Investment Savings

An emergency fund is a significant fund to anticipate an emergency or urgent situation not to affect our financial condition.

There are many events or disasters that we cannot predict, so we need to have an emergency fund.

So, where can we collect emergency funds from? Did you know that we can collect emergency funds from investment savings funds?

Already know the number of emergency funds you have to prepare?

Usually, you need to collect six times the total expenditure per month for single or unmarried couples.
In contrast to those who are married but do not have dependent children. Ideally, they need to raise an emergency fund of 9 times their total monthly expenses.
Meanwhile, families with dependent children need to collect an emergency fund of 12 times their total monthly expenses .

#5 Have Health & Life Insurance

There are still many people who do not understand the usefulness and importance of having insurance.

They feel a loss because they have paid for insurance so far but have never received the benefits.

The question is: does anyone want to get sick or experience bad things? Insurance is used as an umbrella to protect us from rain or the scorching heat.

We don’t know when the rain will come, but we need to be prepared and on guard, correct?

Herein lies the importance of health and life insurance where we need to have it!

There are many benefits of having insurance, including:

The insurance premiums we pay can pay for treatment or care.
The insurance premiums we pay can protect assets and prevent loss of assets and debt.
The insurance premiums we pay can replace installment payments and debts
Increase funds for family needs.
Can focus on healing

#6 Pay Debt or Installment

If you have debts or installments, prioritize them first to pay them off one by one.

To get accurate advice and solutions to get out of debt that binds you and makes it difficult for you to sleep, immediately contacts my Financial Planning Consultant that you can rely on!

Did you know that hiring the services of a financial planner or financial consultant is very expensive?

But, no need to drain your wallet just by subscribing to the Financial Application for one year at a subscription price of Rp. 350 thousand/year, you can consult with a Certified Financial Consultant and get the right solution on managing personal finances and how to get rid of confusing debts.

#7 Avoid Consumptive Debt

Consumer debt will make your wallet tighter. However, financial planners and financial experts agree that consumer debt is not recommended.

On the other hand, productive debt can increase your income; for example, you borrow some money for business capital from the bank or make a vehicle loan where the vehicle is used to work or make money.

Managing Personal Finance is Easy & Fun

It turns out that managing personal finances is fun and not complicated, right!

Keeping track of personal finances is not complicated, you know! We can be assisted with financial recording application services and apps, many of which are free.

These apps make it easier for us to record daily finances. Not only taking notes, but this application can also help calculate the costs that must be collected per month to achieve a financial goal.

We can also consult with a Certified Financial Planner. So don’t forget to immediately record expenses and income transactions that occur at the same time, so you don’t forget to register or miss them.

TOP 5 TECH STOCKS TO BUY ON 8TH JULY 2021

The world is turning into a large technology hub as people are getting more and more inclined to using advanced technology. As a result, tech industries are flourishing with a rate of growth that is increasing day by day as new inventions are taking place every day. It is increasing the interest among the investors to invest in the stocks and benefit from it. The researchers are confident that the tech industry would be top of the market for the next 50 to more years. The following are the top tech stocks that can be bought today on 8th July 2021.

Newgen Software Technologies
Current Price: US$709.20
Market Cap: $4,961.26B

Newgen Software is a globally recognized provider of Low Code Automation Platform for Digital Transformation. The company has been recognized by distinguished analyst firms including Gartner, Forrester, Frost and Sullivan, and IDC. It has been positioned in the Magic Quadrants for Intelligent Business Process Management (iBPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), and BPM-Platform-Based Case Management frameworks.

Moschip Tech
Current Price: US$40.95
Market Cap: $647.29

MosChip is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, Semiconductor & Product Engineering, and IoT solutions catering to Aerospace & Defence, Consumer Electronics, Automotive, Medical, and Networking & Telecommunications.

Mindtech
Current Price: US$72.05
Market Cap: $184.74

MindTech Solutions is an IT firm focusing on delivering high-quality Business Solutions to our clients in achieving accelerated results efficiently and cost-effectively with a competitive edge of unbeatable service. Their services are fine-tuned with our client’s execution of immediate and long-term business Strategies. Their service suite comprises a wide range of processes from Legacy Re-Engineering, Customized business solutions, innovative E-Commerce solutions, Creative Graphics & Visuals.

GSS Infotech
Current Price: US$67.60
Market Cap: $114.49

GSS Infotech is a pioneer in applying innovative, technology-based solutions to common business problems. They help organizations leverage the power of Virtualization, “The Cloud” and outsourced models of technology services delivery. Utilizing these technologies, and also help organizations gain a competitive advantage, reduce costs, ensure system stability, and improve efficiency. Specializing in Remote Infrastructure Management Services, Virtualization solutions, and Application Management Services, GSS is a partner of choice for Infrastructure optimization solutions worldwide.

Global space Tech
Current Price: US$63.75
Market Cap: $73.04

GlobalSpace Technologies Ltd. operates as an ICT company, providing cutting-edge enterprise mobility solutions and Digital Consulting primarily focusing on Field Force Enhancement. The management team of GlobalSpace consists of pioneers from both Pharma and IT industry thus providing world-class Field Force Enhancement solutions and becoming the leading choice for Indian Pharma.