Alternative Ways to Invest in Bitcoin

Bitcoins, like other cryptocurrencies, are digital assets that work as a medium of exchange just like money, except they are all online. Sure, money can be online but bitcoin and other cryptos are far less tangible, and there is no actual underlying material asset. There is no promise to pay the barer x amount of money, and there is nothing physical at all about the asset. This did not stop Bitcoin from absolutely taking the world by storm in 2016, and being hailed by some of the most prominent futurists as one of the biggest technological developments over recent times.

Why Bitcoin?

Some of the key attractions to the asset class come from its elusive nature, but the currency is also almost anonymous, which people like. The asset is also completely unpegged to any national bank, so it is independent of basically any big corporation’s movements. As they are not currently in wide use, any investment is basically made on hype alone, or on the expectation that they will become in wide use. 

This investment will go into an online bitcoin wallet, where your bitcoin is held. As there is a limit to the amount of bitcoin in circulation, when/if it comes to be widely used, the expectation is that the price will increase drastically. It is for these reasons that it is one of the hottest asset classes in the last few years, and has received very substantial investment from all over the world. You may be asking how you can get involved in such an elusive concept, as it is not like buying stocks for example, but in truth, a lot has changed in the past few years, and the market has really opened up to almost anyone.   

Investment Through Apple Pay and Other Modes of Payment

Yes, you saw that right, you can buy bitcoin with ApplePay. Popular companies that are heavily involved in making bitcoin accessible have created one of these easiest ways to invest and will do all of the holding on their end and only charge you a one-off transaction fee for each transaction you make. Paxful allows you to buy bitcoin with ApplePay, and will also give you a medium to securely hold and sell this bitcoin just as easily as it was to purchase it. This is about as easy as it gets when it comes to investing; simply set the amount you would like to invest and pay with your thumbprint. 

Tracking Your Investment

There are many sites to check the price of bitcoin; however, a simple Google search will bring you up to date with the most recent price changes, as well as a comprehensive review of where the prices have been going over the past few weeks, months, or even years. This allows you to make projections, and set yourself targets of where you want your investment to go

Investing in bitcoin is not as stable and secure as doing so on the stock market, but it has seen some incredible growth over recent years. You should be sure to check it out as many people genuinely believe it to be the future global asset.

 

 

What Is the Average Cost of Family Health Insurance

Did you know that around 44 million Americans do not have health insurance? The reason that so many people take a chance with their health insurance is for financial reasons. If you are wondering “what is the average cost of family health insurance?” we have the perfect article for you below.

Keep reading to learn more about costs and some tips and tricks to help you find the best rates out there.

What Is the Average Cost of Family Health Insurance?

In 2018 the average cost per month for family health insurance was $1,168.00. The costs can vary based on family size, the states you live in, and how much coverage you opt for. Understanding the cost of the different plans means that you have to know what to expect when it comes to the deductibles and co-payments.

The deductible is how much money you will have to pay before your health insurance provider begins to pay for your coverage. The higher your deductible the lower your monthly premiums will usually be. Keep in mind that with some family plans you will probably have two deductibles (an individual deductible and a family deductible).

Copayments and Coinsurance

Another cost to take into consideration is your copayment. This is a fixed amount that you will pay every time you receive a service at either a hospital or a doctor’s office. The copayment might come into effect before or after you reach your deductible.

A coinsurance is a percentage that you will pay for covered services once you reach your deductible. You will more than likely pay coinsurance until you reach your out of pocket max.

Government Assitance

If your household income is not very high then you might qualify for government assistant to afford health coverage for you and your family. There is a Children’s Health Insurance Program (CHIP) that provides inexpensive or free health insurance to families with children that do not make enough money per month.

For families that make less than $99,000 annually, they might also qualify for some federal assistance or state programs to make health insurance affordable.

With Obamacare or the Affordable Care Act (ACA), there are tax credits for those that make a certain percentage of the federal poverty line and can’t afford to pay for health coverage. The lower your income and the larger your family size, the larger the subsidies you receive.

Ready to Shop Around for Health Insurance?

Now that you are more familiar with the average cost of family health insurance, you can start the research process in your area. This is the time to gather your options and see if you qualify for any government help. Even though the tax penalty for not having insurance was removed in 2019, you still do not want to go without it.

Did our blog post help you out today? Please feel free to browse around the rest of this section for some more helpful reads.

Common Mistakes to Avoid when Buying Business Life Insurance

Life insurance offers a diverse range of benefits, whether you apply when young or aged. Your dependents can use it to clear your debts or mortgage when you’re gone, provide for their daily needs, or even finance other investments to guarantee a better future.

All the above are possible if you apply the policy correctly without making the mistakes we share below. After all, familiarizing yourself with life insurance facts is an essential step in making a decision that you won’t regret along the way.

Here are the common mistakes that policyholders ought to avoid when buying business life insurance.

Choosing the wrong life insurance policy

While it’s crucial to choose a life insurance policy that aligns in pricing with the marketplace, the cost shouldn’t be the only factor to consider. It helps to understand the exact benefits that the plan offers to your personal needs before all else.

For example, this life insurance cover sourced by Caspian is an excellent choice when you’re employed. With it, your employer pays for the protection whilst getting tax relief from the government for being a business expense.

Before spending money on any life plan, find out about the terms and possible restrictions that come with it. While at it also, consider the benefits if the risk occurs vis-à-vis the total amount of premiums that you’ll pay during the entire coverage period.

Waiting too long to purchase

The interesting fact about life insurance policies is that they cost more as you grow older. This stems from the fact that older people are at a higher risk of life-threatening health conditions than younger people. For this, insurance providers tend to charge costlier premiums as you approach old age.

Besides, sometimes you might struggle to find suitable coverage if you wait too long to purchase the life insurance policy. And if you’re lucky to get it, the benefits might not be as lucrative as those available to people who apply when younger.

Forfeiting premium payments

Not all life insurance policies are leniently flexible when it comes to monthly payments. For example, the terms of a universal life policy are strict to late payments. Therefore, if you choose it, ensure you’re up to date with your premium payments. Doing this will guarantee full payout when the covered risk occurs.

Even with the above strictness to forfeiture, insurers offer a grace period before cancellation of a policy. For example, it’s not uncommon for the UK insurance firms to wait up to 90 days whilst reminding you to update your premium payments. An ideal approach when unable to raise premiums is to communicate with your provider to find you practical ways to clear the outstanding balance.

Relying on Group Insurance Policy

Registered companies in the UK often take group insurance policies to cover their employees against life risks. Normally, you benefit from it only if you pass on while still working for the entity. In that case, if you lose your job or get into a situation that puts you out of the workforce, you will lose that coverage.

Moreover, group life policies might not guarantee sufficient coverage for all your personal needs. Although the payout will cover the costs associated with your funeral, it might not be enough for mortgage, children fees, and other costly expenses. If possible, choose a personal term life insurance policy that’s flexible to changes in your status quo, for example, switching workplaces.

Incorrect listing of beneficiaries and policyholder

The life insurance application requires you to be very keen especially on the crucial details you provide. For instance, your insurer will offer the option to place the policy into a Trust to allow you to nominate the beneficiaries. In this case, you’ll want to make sure that you have the rightful people as your trustees who will control the proceeds from the insurance cover.

When choosing a policy, ask yourself these basic questions:

Who will be the primary and contingent beneficiaries?

For example, listing your children as primary beneficiaries has the least problems compared to your spouse. Unfortunate marriage risks such as divorce can present considerable obstacles to your policy.

How many people will depend on the policy, and what are their ages?

Remember minors quickly outgrow the dependent age than the elderly people, such as your parents.

How much does each beneficiary receive as payout?

Finding answers to this question helps you determine a reasonable premium to pay for your chosen policy. For example, underspending on premium payments when you can pay for a better cover can deny your loved one sufficient proceeds.

Which of these mistakes sounds relatable? We’d like to hear your thoughts below.

6 Stocks That Pay Monthly Dividends

If you’re interested in investing and new to the stock market, it’s important to understand dividends and their various distribution frequencies. Dividends refer to profit distributions made by a corporation that are paid to its shareholders via shares in the company. These distributions can be made quarterly, monthly, semi-annually, annually, or without a set schedule.

Monthly dividends, in particular, are distributions made to company investors each month. Though quarterly payments are the most common, monthly dividends provide several advantages to investors. Not only do they come with higher yields, but you also get reinvestment opportunities and the ability to afford your monthly expenses like rent and utility payments more easily, given the payout frequency. Read on to learn more about the various monthly dividend stocks to buy now:

Vermilion Energy

Vermilion Energy is a Canadian oil and gas company that can add internationality to your dividend portfolio. Though it’s headquartered in Calgary, Alberta, Vermilion Energy also trades in the state of New York. Since its inception in 1994, it’s experienced an impressive growth rate. If it continues on this path, it’s a great option for your investment consideration.

Stag Industrial

Known for its home in the industrial sector, Stag Industrial also has ties to the real estate industry. Rather than working with multi-tenant properties, Stag International focuses on single-tenant properties. This, combined with its relationship with established tenants, increases its reliability as a stock option.

Apple Hospitality REIT

Apple Hospitality is a real estate investment trust (REIT) that can provide you with consistent monthly payouts. It rents out hotel rooms in a couple of hundred properties and leases to various upscale hotel brands. With this stock, you get a high yield and income you can count on.

Realty Income Corporation

Realty Income Corporation is a retail real estate investment trust that’s considered one of the best long-term income investments in the U.S. stock market. It’s also known for providing investors with consecutive monthly payouts and has even raised its dividend for consecutive quarters. Realty Income Corporation is an excellent option if you’re looking for a stable stock with reliable, long-term monthly dividend payments.

Main Street Capital Corporation

Main Street Capital Corporation offers debt and equity capital to lower middle-market and middle-market companies. They often work with companies that don’t have access to the stock market via an initial public offering, as well as those that can’t self-manage their finances or can’t go through a bank. Main Street Capital Corporation has a diversified investment portfolio and continues to offer consistently growing distributions to its investors.

Shaw Communications, Inc.

Shaw Communications is a Canada telecommunication company offering Canadian customers and businesses broadcast internet, wireless cellphones, landlines, and other related services. Given the industry it’s in, Shaw Communications is a safe option that won’t be as heavily impacted in the event of a crisis.

Now that you have a solid understanding of monthly dividends, you can determine if this type of investment is worthwhile. Consider the benefits that come with monthly dividends and find a high-quality stock that aligns with your preferences.

These Are the Different Types of Real Estate Investments

When you’d like to grow some equity and build your portfolio, real estate investments are an excellent way to do this. While liquidity is important, having a piece of real estate property diversifies your assets more than anything else.

It’s important that you do your due diligence and understand what comes with the territory.

Here are some of the different types of real estate investments you should know about.

Tap Into Your IRA to Purchase Property

When you want to invest in property, it’s sometimes difficult to get your capital together. Dipping into a retirement account is an excellent way to make this happen.

If you don’t have cash on hand, you can withdraw from your Individual Retirement Account (IRA) to make this a reality. These withdrawals are tax-friendly so that you don’t have to take on the financial burden.

Using your retirement account gives you a foot in the door when you’re ready to make any kind of real estate investment.

You can check out this article to learn more about how an IRA can help you with your property purchases.

Rent Out a Property on a Contract or as an Airbnb

When you own a piece of real estate property, renting it out allows you to build a residual income stream. You can provide homes to families while also growing revenue.

Many investors choose to purchase properties that have multiple residences or bedrooms inside of it. This way, you’ll bring in multiple rent payments with a single property.

Today, there are several other options, including Airbnb. The prospect of renting out an Airbnb can bring in larger profits every month. You can rent out the property by the night like a hotel, which grows your earning potential — especially if you rent an Airbnb in a populated tourist area.

Make sure that you invest in help from a property manager that can regulate the day to day aspect of the property.

Flip a Real Estate Property for Profit

If you’d rather not hold on to a property, flipping it can be a great idea that brings in a larger lump sum. Many investors purchase properties that need work for cheap, perform the renovations, and then sell it for profit.

This requires you to understand the market and to do some research into property values. You can stand to earn a lot of money this way if you have a team of professionals that can do the renovations for you.

Invest in a Real Estate Fund

There are also several funds you can invest cash into to get a return on your investment. These accounts work similar to mutual funds, and the portfolio consists of investments throughout the housing market.

Investing in these funds has a lower barrier to entry and lets you grow your money in real estate without ever having to purchase property.

Consider These Types of Real Estate Investments

There are several different types of real estate investments that you can look into, starting with the examples above.

When you understand the winning strategies for investing in real estate, you’ll be more likely to see a return on your investment.

Lean on us when you want to learn more about real estate, technology, and more.

Listed options-brand Why Choose Saxo Markets to Trade Listed Options?

As all financial markets and participants know, one major determinant of success is the market intermediary that you choose.

For those forex trading in Singapore, one of the most reputable and well-known market intermediaries is Saxo Markets.

They are a large stable company that has been in existence for over two decades. They are also trusted by thousands of traders all over the world. Further, they will provide you with access to numerous asset categories including listed options from which you can make your profits.

Here is why you should use Saxo Markets to trade listed options.

Access over 1000 listed options

As a trader, listed options open up new avenues to help you make more money in financial trading activities.

When you choose to trade with Saxo Markets you are guaranteed access to more than 1000 listed options that you can trade and invest in.

While other investors are wondering where to buy listed options, you will have them easily on the Saxo Markets trading platform.

Highly sophisticated trading platform

Saxo markets is a highly innovative Singapore financial market intermediary.

Their trading platform is top level especially when it comes to trading in listed options. From this platform, you will get advanced capabilities to assess and determine correctly the best listed options to invest in.

In spite of its sophistication, the platform is highly intuitive and easy to use, making sure that you, the trader has maximum benefit from using it.

Trade in all styles of listed options

On this platform, you have access to both American and European style limited options. Get all the information transaction you need and close the contract on the trading platform. When you are ready to exercise your right, the platform will provide up to date information enabling you to make the right decision for your investment.

Timely and professional customer care service

Financial markets participants often need help with trading platforms especially when trading asset categories that they are not familiar with.

When trading with Saxo platforms, you are sure that you will always access the customer care service whenever you need it. They are available 24 hours on email, phone call or even a live chat right on the trading platform.

Competitively priced commissions

One of the many areas in which financial traders and investors lose their money is in the commissions and spreads charged by market intermediaries.

When you choose Saxo Markets, you will not face this kind of challenges when trading and investing in the listed options category.

Traders and investors are assured of low commissions that will not eat greatly into their profits. With charges based on the volume of transactions, traders will make good profits when they exercise their rights with the limited options that they buy into.

Upgrade platform versions

When you choose Saxo Markets as your preferred financial markets intermediary, you can use the free version of their trading platforms or pay a subscription fee for the premium version.

With the premium version, you can enjoy services of account managers who will guide and advice through your investment journey. You can also enjoy lower commission and spread charges ensuring that you make more profits.

Good reputation

Saxo markets has been in existence for over 25 years and operates in many countries in the world. They are fully regulated and approved as a financial intermediary in every market that they operate in.

Also, they are well known for their financial strength which shows their stability as a financial intermediary.

Over the years they have been in existence, they have won and acquired many awards of outstanding service in the financial markets.

Conclusion

For all those who are interested in getting into the trading in Singapore, Saxo Markets is the ideal intermediary for you. With all these qualities, you are sure that you will get the best service, training and guidance on how to make money in the financial market.

4 Steps to Take to Invest in Dividend Stocks

If you’re interested in investing in stocks, consider dividend stocks for a long-term way to benefit from regular profit earnings. You can easily invest in dividend stocks and still diversify the rest of your investment portfolio. Here are four steps to take to invest in dividend stocks.

What Are Dividend Stocks?

Dividend stocks are stocks that represent company shares on the market. When you invest in dividend stocks, you’re guaranteed regular payments as the company’s stock gains earnings. Typically, well-established companies that have a proven track record of paying out regular dividends are the stocks you’ll want to look into to collect regular earnings with this long-term investment strategy.

Adding Dividend Stocks to Your Portfolio

Adding dividends to your investment portfolio is highly advantageous, especially if you’ve already diversified many of your investments into other stocks and options. For one, the majority of companies who sell dividend stocks typically don’t see a reduction in earnings over time, making this a highly lucrative way to collect regular quarterly earnings.

Another of the advantages of investing in dividends is that they can offer a higher percentage of earnings on shares than even a bank-issued certificate of deposit. These are just a few of the benefits of investing in dividend stocks, so if you’re ready to get started researching these options, follow the steps below for purchasing and benefiting from this smart investment choice.

  1. Research the Stock

The first step in any trading scenario is to thoroughly evaluate the stocks you’re interested in using for your investments. This is true of dividend stocks, too. Start your research through a reputable trading platform that can give you the tools you’ll need to measure the success of the dividend stocks you choose. Even though dividend stocks don’t come with as many risks as other stocks, you’ll need to analyze the risk of these stocks next.

  1. Assess the Risk

Dividend stocks come with fewer risks than other, more volatile stock choices. However, it’s still important to evaluate any risk to dividends being affected by the long-term movements of the stock market. For instance, “beta risk” refers to a stock’s sensitivity to swings in the market’s direction, which can adversely affect your dividends. So it’s important to assess these kinds of risks of the dividend stocks prior to investing.

  1. Purchase the Stock

Once you’ve assessed the risk and have a deeper understanding of the stocks you want, you can go ahead and make your purchases through any online brokerage account or full-service stockbroker. Once you make your purchase, though, you’ll need to monitor the stock’s performance and track your earnings.

  1. Track Your Performance

Keep tracking dividends regularly so you can keep an eye on the market’s and stock’s performance. Staying on top of the health of your investment portfolio will help you know when you might need to back out of stocks you’re holding or even if there are additional investment moves you can make.

Dividend stocks offer a great way to diversify the investments you’ve made. You can also use market tools and resources to help you make future decisions on your dividends strategies so you’ll have even more success when you start trading in the stock market.

Factors to Consider Before You Apply for Mortgage Loan

Gone are the days when homeownership was associated with the rich. Nowadays, anyone can own luxurious home, even if they don’t have the cash. Realtors have introduced different methods to help aspiring homeowners secure the houses of their dreams. A mortgage loan is one of the most effective programs for assisting people in obtaining loans. You can get loans from any approved financial institution. A great realtor can also help you secure the mortgage. If you would like to own a home with the help of a mortgage, observe these factors to facilitate the loan application process.

The Type of Mortgage

Choose the right kind of mortgage to apply wisely. The mortgages come in two main types; the fixed and the variable. The fixed mortgage comes with constant interest rates. This means that you will be paying the same monthly amount for the entire years, which you will be servicing for the loan. The variable mortgages come with varying interest rates. Sometimes, the rate may become too low, while it may also increase abruptly. Most of the changes happen due to economic fluctuations. In terms of planning, the fixed mortgage is better because you will have a predetermined budget. Nevertheless, it would be best to understand the pros and cons of each option to make an informed decision.

The Reputation of the Lender

The increased demand for mortgage loans has increased the number of lenders in the market. During your search, you will probably meet with hundreds of lenders, each promising to lend you the most favorable terms. The wide array of options may be overwhelming, and that’s why the folks at Jaketaylor.com advise aspiring homeowners to hire reputable real estate agents. The right agent can help you choose the best lender for your needs. They can also help you do background research on the available lenders. The right lender should offer competitive rates and be transparent to explain the available options so that you can make an informed decision. 

Credit Scores

A credit score is a significant determinant of mortgage approval. Lenders consider it to know if you will qualify for the home loan or not. To qualify, you should have a standard score of 660 and above. If your rating is less than that, your rating is considered substandard, and you might not secure the loan. Even if you get it, the lender may charge you a higher interest rate and give you a small loan amount. 

Therefore, you should understand your credit score first before you apply for the loan. If the score is below 660, do not be discouraged. You can still improve it by paying you any existing mortgage and avoiding the hard inquiries. You can avoid unnecessary borrowing too to keep your score in an excellent condition. Lastly, you should check your score’s status regularly and immediately report any mistakes to the relevant people.

Your Income

You must have a steady income before you get the loan. Otherwise, how will you prove to the lenders that you can repay their money? Your income may come from permanent employment, business, stock dividends, child support, etc. Most lenders prioritize permanently employed applicants because their income is regular. If you own a small business, you may experience some challenges in securing the loan, since business is risky. Nevertheless, you can still top it up with security, or anything that the lender asks. Just ensure that you have a steady flow of income to support your loan repayment.

Terms and Conditions

Find out the terms and conditions for the loans. The first requirement for many mortgages is the down payment. This is the amount of cash you pay before getting the mortgage. The down payment amount depends on the loan amount and the type of lender. On average, the down payment requires 10 to 20% of the total mortgage amount. You can even pay a larger down payment to increase your chances of securing a larger loan. 

Other terms and conditions which you should consider include the interest rate. Some lenders have very high-interest rates, which can make you pay almost double of your loan. Compare different interest rates and choose the most favorable. Lastly, consider the penalties and any other hidden charges for the loan application. Only apply for the mortgage if everything is clear to you.

Repayment Period

How long would you like to repay the mortgage? The average repayment period for many home loans ranges from five years to thirty years. The longer the repayment period, the less the interest rates you will be paying. However, the repayment period depends on the amount of loan you take and your loan’s riskiness. Consider the repayment period for the mortgage, and ensure that you are comfortable with it.

The Amount and Purpose

Why do you want the loan? Do you want to construct a new house? Do you wish to purchase an already built and furnished home? Lenders consider the new construction projects riskier, meaning that the qualification terms and conditions are stringent. It would also be senseless for you to take a bigger loan when you want just a small amount. Before you apply, make the right price estimates and ask for the amount you can comfortably pay. 

Risks

Consider the risks associated with the application of mortgage loans. For instance, if you choose the variable interest rate loans, you should consider the environmental changes that might happen and make your loan repayment hard. You should also consider the missed payments and any prepayment penalties you may incur to pay your mortgage early. If you understand these risks, you will make an informed decision and lay a solid plan for dealing with the threats.

A mortgage loan can help you get the home of your dreams. You can use it to build a new home, or even repair and furnish your old house. However, the qualification is not always easy, and that’s why you should understand your options. Make early preparations for the mortgage, and work closely with an experienced realtor. Consider the things above, too, to get the best of your mortgage.

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