Money

San Diego is known for its world-class beaches, popular attractions, and vibrant food scene. But you may not know that San Diego is also known in the investing world as a new hot spot for real estate investing, and savvy investors are starting to take note of the budding market.

Sawyer Winston, a San Diego based entrepreneur and real estate investor in his own right, is weighing in on the San Diego real estate game. I called up Winston to hear why he thinks San Diego is so popular among real estate investors, how the market is doing now, and where he thinks it’s going.

Sawyer, tell us a bit about how you got to where you are today.

I’ve always liked to take chances, and to create new things. From the time I was 17, I was working in some pretty big organizations in San Diego, and handling much more responsibility than some other peers my age.

I was flying around California for some of my jobs, and when I was in college, I created some of my biggest businesses. At this point, I’ve bought or managed around ten different businesses, spanning on several different countries.

What fields do you have experience in?

Some of my bigger projects have involved technical systems and coding, but I’m involved in a lot of entrepreneurial projects and different kinds of businesses. I also have experience in real estate.

I’m currently launching a pretty big project which I’m excited about, which is basically mixing my love for entrepreneurship with real estate. I’m focusing on one community, and my goal is to revitalize its economy using real estate investments.

Once this community reaches its goals, I plan to expand the project to more places.

What is the state of the San Diego real estate market?

San Diego has been popular for a while, of course, and we know that’s nothing new. But many people may not realize exactly how much of a hot spot San Diego is becoming, or exactly how competitive.

Since the pandemic began, San Diego home prices have been skyrocketing, and inventory has been very low. This definitely makes it more difficult if you’re looking to buy, especially on a budget.

What do investors need to know about San Diego?

Investing in San Diego can definitely be profitable, because there is such a demand for housing. The prices of homes have risen a lot, and all facts point to continued pricing increases. There is also something else to be aware of: the California rent control law.

This law went into effect just last year, limiting the amount you can increase rent, and includes a “just cause” for evictions.” So, it’s important to research the local laws and upcoming changes if you want to get into the San Diego market.

What are your predictions for San Diego as an investment location?

I think that the interest in San Diego isn’t going to slow down any time soon. And while housing stock is low and prices are rising, mortgages rates are also quite low at the moment.

This is definitely an appealing fact for investors looking to get some skin in the game with financing. But I think it’s important to note that San Diego is really a special place, with a thriving economy, and that it will definitely benefit most from investors who care about the community itself.

 

In most personal injury cases, a settlement won’t impact Social Security Disability (SSDI) benefits. However, in some cases, SSDI may impact a settlement amount and lead the defense to argue that an injury was a pre-existing condition. To determine how a settlement may impact Social Security benefits and vice versa, it’s important to understand the dynamics of each.

How Personal Injury Cases Can Affect Different Types of Social Security Benefits

Individuals who sustained injuries because of another party’s negligence may be able to recover compensation in a personal injury claim or lawsuit. In any case, injury victims may pursue compensation for monetary damages such as medical bills, lost wages, and property damage. Victims may also be able to recover compensation for non-monetary damages such as pain and suffering.

Personal injury cases can lead to a settlement that’s awarded to the claimant. However, matters can become complicated if the claimant is receiving Social Security benefits.

SSI vs. SSDI

If an individual is wondering how a personal injury case and settlement may affect his or her Social Security benefits, the answer ultimately depends on the types of benefits involved. Some people may receive Social Security Disability (SSDI) benefits, while others receive Supplemental Security Income (SSI) benefits.

Typically, personal injury awards won’t impact SSDI benefits, but there are certain exceptions. On the other hand, individuals on SSI may see a decrease or even cessation of benefits, depending on the case.

Why Is SSDI Normally Unaffected?

Regardless of the settlement amount in a personal injury case, individuals shouldn’t see any impact on benefits if they receive SSDI. The reason for this is that SSDI benefits are determined based on a recipient’s work history as opposed to present financial status, unlike SSI.

Individuals enrolled in the SSDI program become eligible based on the number of work credits collected while employed. Work credits have no role in a personal injury case.

When SSDI May Affect a Personal Injury Case

Although a personal injury settlement won’t affect SSDI benefits, there are some cases when SSDI may impact the settlement.

When the Defendant May Argue That an Injury Was a Pre-Existing Condition

Whenever an individual is injured and files a claim, the defendant may try to argue that an injury was related to a pre-existing condition as opposed to the accident that resulted in the case. If an injury is found to be the result of a pre-existing condition, it could lead to a lower settlement amount.

Compensation for Lost Wages May Not Be Awarded Due to a Disability

If people are receiving SSD benefits at the time of an injury, this is indicative of a person suffering from a condition that prevents him or her from working. As such, individuals who weren’t working when or after an accident took place wouldn’t receive compensation for any lost wages, which may otherwise result from time taken off from work to recover.

If an SSDI recipient wishes to file a personal injury claim following an accident, he or she can do so without worrying about any reduction or elimination of those benefits.

Estate planning becomes more complex when the estate’s owner has a personal injury settlement to add to the mix because this increases the individual’s wealth and the overall value of the estate. Whether the settlement is pending and the case is still open, or the settlement has been completed and the money is in the bank, these realities have a direct impact on an individual’s estate planning.

Understanding the Goal of Estate Planning

The primary goal of estate planning is determining how a person chooses to allocate financial assets after dying. A secondary goal, especially with larger estates, is protecting the money from estate taxes. For most people, the money in an estate comes from individual investments and work. When someone receives a personal injury settlement, that amount can increase quickly and change how the individual plans for the estate.

Taxes Change After a Settlement

The federal government charges taxes on estates, but only after the estate reaches $5.45 million in value. Before that, the estate is exempt from federal taxes. Many states have similar rules. When someone receives a personal injury settlement, the estate can quickly exceed that amount. The estate plan should get adjusted to provide protection against estate taxes. Often, using a trust can create this protection against state and federal estate taxes.

Calculating Medical Expenses

While personal injury settlements often leave some money in the bank, especially if the attorney pushes for punitive damages, the main purpose of the settlement is to take care of medical needs as the person heals. Sometimes, medical problems can pop up after an injury that were not anticipated early on. For example, if the person needs chiropractic care, he or she may have latent problems that develop years after the initial accident. Before placing the settlement into the overall estate, the individual needs to consider all potential medical expenses. Keeping money available to meet those needs ensures the injured party can heal and have financial support for medical needs in the future. Additionally, the individual needs to be careful not to over-report worth since some of the settlement money will get used for medical needs. This is where a personal injury lawyer or an estate planning lawyer can help.

The Need for Proper Documentation

Throughout the process, both when receiving the settlement and when planning for the estate, proper documentation is essential. Knowing what money is coming in, what it will be used for, and what the individual’s medical needs are, helps appropriately plan for the estate and the settlement.

A Sound Investment Plan Is Needed

Finally, after all of the medical expenses are considered, the family should work with someone to invest any remaining money from the personal injury settlement. Keeping the money accessible is important because of the risk of unanticipated medical needs. However, investing the money to allow it to grow is beneficial for the individual’s financial security and estate planning needs. By investing wisely, the award recipient can increase the value of the settlement over time, growing the estate and adding more money to bank accounts to cover potential medical expenses.

Lyft passengers who are involved in a car accident have many of the same rights as passengers in regular vehicle accidents, and understanding those rights is key to getting enough compensation after a crash. In most instances, the at-fault party is responsible for the injuries, and the injured party will seek compensation from the at-fault party’s insurance provider. However, in a Lyft accident, determining at-fault parties becomes more challenging because of the addition of the rideshare company in addition to the car’s driver.

Lyft Accident Injuries – Who Is Liable?

The ultimate question in these accidents is whether the rideshare driver or the company itself is liable for the accident and any serious injuries it caused. The answer often is based on whether or not the rideshare driver is considered an employee or an independent contractor based on state laws.

If the driver is an independent contractor, then the driver and the driver’s insurance is liable for the injuries, and Lyft is not. If the driver is an employee, then the company is also liable for any injuries in the accident. In most states, Lyft drivers work as independent contractors to add liability protection to Lyft.

Insurance Coverage and Lyft Drivers

Lyft drivers are required to carry personal liability insurance as drivers. Because personal liability often does not apply to commercial use of a personal vehicle, many insurance companies also offer special endorsements for rideshare vehicles. If the driver has this endorsement, it can help cover injuries to passengers in a crash.

Unfortunately, many Lyft drivers do not carry adequate insurance coverage to handle serious injuries to passengers, even with the rideshare endorsement. To help with this, Lyft now has a third-party liability coverage for up to $1 million for personal injuries in an accident. This additional insurance can help injured passengers get adequate compensation for their injuries. Even though the company may not be liable due to the classification of the driver, this insurance can help injured passengers get coverage.

Determining Fault in Lyft Accidents

Another factor to consider in seeking compensation after a Lyft accident is who is at fault. If the Lyft driver is fully at fault for the accident, then they and their insurance are liable for the injuries. However, if another driver, such as the other driver in the crash, is at fault, their insurance is the one that is liable. In a state where liability can be shared, both drivers can be partially at fault and share partial liability for the accident. This can make getting fair compensation even more challenging.

Getting Compensation for Lyft Accident Injuries

To get compensation for Lyft accident injuries, passengers usually must start with any insurance companies that carry liability in the case. If the Lyft driver was at-fault, this starts with the driver’s insurance company. If that coverage is not sufficient for the injuries, then filing with the Lyft company’s insurance provider is the next step. Passengers cannot file for Lyft insurance coverage until they have first filed with the at-fault driver.

If all of the insurance companies do not have sufficient coverage, or if the passenger is having trouble showing fault in the accident, a personal injury case may be needed. Personal injury attorneys are skilled at digging into the insurance policies to determine how much coverage is there, then pushing for adequate payments for injuries. They also protect accident victims from accepting insurance settlements that are not sufficient to cover the long-term effects of their injuries.

Most Lyft accident cases are settled without the need to go to court. adding a personal injury attorney to the case shows the insurance companies that the insured passenger is serious about getting adequate compensation, and they become more willing to deliver that compensation as promised.

 

Here in Australia, we are known to be laid-back and fun-loving people. Despite our history and the tragedies that have struck in recent years, we always find a way to move on. The rest of the world (meaning the internet) always jokes about the Land Down Under is full of deadly creatures. However, this probably goes to show that Aussies can live anywhere and just survive.

This does not mean that we can just live in the bush or the outback in tents while the sky’s our roof. All families around the world want to have a home, and Aus families are no different. Unfortunately, this is not something that you can do anymore without a sustainable livelihood as you can read on this page. Even then, you cannot buy one in full so you need to find someone that can help you out. This is the reason why you might need to take out a mortgage loan to help with the purchase.

The Importance Of Loans

When it comes to mortgage, people are still rather confused as to how it truly works. It is rather simple, as with this example: you are a newlywed couple with a baby on the way. Aside from preparing for childbirth, you are also planning to buy a home, but it is not easy. Most houses these days will always fall on the higher hundred thousand levels. Unless you come from a rich family, you may not be able to afford it.

Mortgage brokers are your home loan experts and they are the ones who can assist you in buying the perfect home for your family. It might seem that they are only out of your money, but this is not true at all. Some so many people do not trust any kind of broker, even those that are not in the mortgage business. Some might have a negative experience with them, like being pushed to a poor deal for them to get a bigger commission.

On the other hand, it can be quite difficult to secure a loan without them. They are the intermediary to the provider so that they can also sell the property. As long as you find a legitimate broker, then you do not need to worry about being fooled by anyone. However, they do differ in a lot of things and finding the best is not as easy as you might think. You just need to research more regarding the choices that you will make during this transaction.

This is why you go to loan providers like banks and other entities: to make a purchase that is not in your budget yet. Taking out a loan means that you can already buy a house and move in after you have paid the down payment. Depending on the provider, the down payment is usually at least 20% of the total price of the property. The rest of the debt will be paid overtime with the interest going to the bank. After years of payment, you would be the sole owners of the property once you have finished paying the debt.

You can approach a bank or other loaning institutions on your own, but you may not have any idea on how it works yet. Some of them might even turn you down depending on what you show them. The job of the broker would be to assist you in sealing the deal and helping you have your dream home. This can increase the chances of getting the loan approved and landing a better deal as well.

Steps For Investigation

• Look For A Good Resource

When it comes to mortgage, it is important to do your research and arm yourself with knowledge. Reading more about the laws surrounding property ownership can help. You can also look around and see the options for companies offering this kind of service. For example, www.fidget.com.au explains what their services are all about on their website. This makes it easy for potential customers to see what they can do for their clients.

• Ask About Their Payment Scheme

Once you have already seen a company that you might like, look around their website and see if they provide information about how their brokers are paid. There are generally two types: Upfront and Trail Commission. Upfront gives the broker a percentage of the total loan, so the bigger it is the higher their payout. On the other hand, trail commission depends on the payment of the loaner and it trickles down after the down payment has been paid.

• Check Their Credentials And/Or Educational Background & Licenses

Here in Australia, there are two ways to be a legal broker: you can take the official Australian Credit License or you can have it through a credit representative. This is something that you can directly ask your broker once you have already met. Meanwhile, their educational background can also help you decide as most mortgage brokers should at least have a Certificate IV in Finance and Mortgage Broking.

• See Their Options For Lending Institutions

Another thing that you should always ask them is their options for lending companies. Most of them should have more options depending on what you need. Most of the prestigious companies have more than 20 or even 50 banking institutions that they can recommend to you. This way, you can also start comparing their loan programs like interest rates and amortizations. It can also help make your decision on where to spend your money.

• Investigate About Their Affiliations

If they have given you limited options, then it is time to ask about their affiliations. Some brokers can push you to a certain lending company because their owners might be working with the brokerage. This means that they would probably have the better end of the deal, while you are the one who is going to face the issues in the long run. It can also reveal their intentions about the deal and can help you see if they have hidden agendas while they are pushing you to one company only.

 

 

Are you looking for ways to find the financial assistance that you need during these trying times? Do you want to file for a long-term or short-term disability claim? If so, then there are many different factors that you need to consider.

These factors are the same ones that will be used to either approve or deny your disability claims. When you feel like you have mental or physical injuries that prevent you from finding a job, it’s time to give those factors a consideration.

See below for all of the factors that you need to think through while you file for your disability claim.

1. Find the Right Attorney

The entire disability claim process isn’t for the faint of heart. It requires you to undergo a lot of different things to get the disability benefits that you and your family need.

In order to set yourself up for success, you need to hire an experienced disability attorney to represent you. They can help you throughout the application process and make sure that you submit everything you need to get it approved.

They can assess your situation and advise you on whether to go with long-term or short-term disability, how to claim disability, and what to expect throughout the process.

For example, you might think that you’re only eligible for short-term disability benefits. However, certain disabilities like a nervous system disorder or mental health issues could lead your attorney to advise that you seek long-term disability instead.

When searching for an experienced attorney, remember that this process could take a while. Because of that, you want to find one that you have a good relationship with and can see yourself working with until getting the benefits that you require.

2. Are You Entitled to Disability Benefits?

The biggest problem that many people have with this process is knowing what counts as an eligible disability.

You won’t find a solid list of conditions that are either acceptable or unacceptable. Every situation is different, so it’s hard to outline exactly what that looks like.

Essentially, a disability can be labeled as anything that impedes your ability to perform daily activities in your life and your job. These disabilities might have been caused by a disease, workplace accident, or something else along those lines.

It’s important for you to consider whether your condition limits you or prevents you from doing certain activities. If you’re still able to work up to speed with your condition, then you might not be eligible for disability.

Be sure to hire a disability attorney to see whether you qualify for disability. They can assess your situation and help you file the right way.

Even if you don’t meet the right qualifications for disability benefits, your circumstances could warrant you filing for workers’ compensation. Be sure to explore all your options.

3. Meet the Proper Timeline

Timing is everything when filing a claim, whether it be a disability claim, workers’ comp claim, or anything else along those lines.

You’ll want to make sure you understand the proper timeline before you start the disability claim process. There are many requirements that you might end up facing as a result.

First, you’ll want to understand the deadline for your disability claim. Second, make sure you’ve worked for your employer long enough to be eligible for the disability benefits.

If you’re unsure of what that timeline looks like, your employer should be able to shed some light. Make sure to hire a disability lawyer to ensure your claim meets all the timing requirements. They’ll keep you accountable and take over all legal documentation needs.

4. Provide the Evidence

One of the biggest complications to a disability claim is the lack of evidence. You and your attorney will spend a majority of your time building evidence for your case.

This includes things such as treatment records, a diagnosis from a medical doctor, certain test results showing the disability you’re claiming to have, and so on.

Many people sabotage their own case by not receiving proper medical attention as soon as possible. They let the fear of temporarily covering medical costs stand in the way of receiving the treatment that they need.

Your opposition can actually use that against you. They’ll claim that if you truly had a disability, you would’ve sought out help sooner. Be sure to seek out medical attention right away to a) get treatment and b) compile evidence for your claim.

5. Set Your Own Expectations

Make no mistake about it, even with a fair amount of evidence, your disability claim status could be up in the air for a few months.

Typically speaking, the timeline for an initial disability claim can take anywhere from 30 to 90 days. If your initial claim gets rejected, then your timeline will be set back that much further.

Be sure to set yourself up with an experienced attorney from the get-go. That way, you can hopefully get approved on the first claim and receive the benefits you need much faster.

File the Disability Claims With an Experienced Attorney

Now that you have seen many different factors that you need to consider when filing disability claims, be sure to start with the first one. Find the experienced disability attorney that you need.

Be sure to find one that knows the ins and outs of the process. Ask them questions and see if they can shine a light on what you can expect from your specific situation.

Make sure to browse our website for more articles on the disability claim process, finding the right lawyer, and other topics that you’ll find helpful.

 

If you are looking for quick loans, then small loans are your best bet. These are loans that are available without too much of an application process.

Small loans generally have higher interest rates compared to other loan types, but this is offset in their benefits. For one thing, they can be approved instantly. There are no requirements for any collateral like there is with a standard bank loan.

With these loans, your credit score won’t take a hit, either. The only thing that you will need to do to boost up your credit score is to make sure you pay off the balance within the time it takes to get the loan. This can be done by paying on time every month. These loans usually do not require credit checks, either, although some lenders might ask for this before approving the loan.

Many people get confused when it comes to choosing from small loans that they have to look into. It is essential to know what you are actually getting into before choosing a particular program. This is because there are some programs which are really good and others which may not be as good as you think.

Pros of Small Loans

There are also benefits to taking these loans. Since most loans for those with bad credit are unsecured, they are generally easier to obtain. Some loans for people with bad credit can be obtained with a cosigner. This means a friend or family member can lend you the money as a cosigner, so if you default on your loan payment, the lender will still receive the money they expected.

For those with bad credit, these are an excellent way to rebuild your credit score, if you’re at all unsure about whether or not you can qualify for a car or home loan with bad credit. Most lenders today offer these loans to help people who want to borrow a small amount of money.

For those who want to avoid the hassles of bad credit loans, unsecured loans are a good way to avoid these hassles. These types of loans come with high interest rates and terms, but the interest rate can be negotiated. since you’re not offering any kind of collateral.

The main reason why you should consider this option is that this is very easy to pay off once it has been repaid. Most of the people who get them do not realize how much money they have to repay in a given period of time. Even if you are lucky and the monthly installments are manageable, it still will take a long time to pay it off.

The other reason why you should look into this option is because it gives you the chance to get more than one loan and to save money. In case of emergencies, you have the option to apply for more than one loan as you can see in CashSmart.net.This way, you will have more than one source of income and you will be able to live comfortably without any financial difficulties.

Cons of Small Loans

There are drawbacks to personal loans, though. While they are often faster to receive, you are unable to borrow the entire amount needed, as with some other forms of loans.

There are some disadvantages of getting a small business loan. Some disadvantages are that you may have to pay higher interest rates for these loans. Also, if you have poor credit ratings you may be rejected from getting a small business loan. This is due to the fact that lenders consider your credit score to be important in determining how much money you can borrow.

You can also expect to have stricter rules on getting a loan than with a larger business. If you are planning on paying off the loan in five years, this can end up costing you more money than it costs to get the loan in the first place. Since there is no collateral for the loan, there is not much of a chance that you will default on the loan.

The disadvantages of small business loans are many. However, if you are willing to put the time into learning about these loans there are many advantages that can come from them too. There are so many ways that you can make your life easier by taking out these loans.

Conclusion

The cons and pros of small loans the pros and cons of these loans depend on what type of loan you want. For those who don’t have a lot of credit or have bad credit, these loans are a good bet. For those who do have poor credit, these loans are probably a better option. The biggest advantage is that they are easy to get, with little hassles involved.

There are online lenders who offer loans for those with bad credit. The advantages of applying with an online lender are the ease of application and approval, the fast approval, and the ability to apply at any time you like.

There are many advantages and disadvantages to taking out this type of financing but if you are determined and focused on growing your business then it may be a great idea. The main drawback that you will face with small business loans is that they can be expensive, but the rewards that you will receive will make up for the cost.

In the end it is up to you to decide if you want to go with a small business loan or not. You need to consider all of the pros and cons and then make an informed decision.

 

Running a household on your own can be difficult, especially if you are inexperienced and do not have anyone you can ask for advice.

That’s why we put together the following guide to help you make more effective decisions as a young adult. The decisions you make will impact the future of your business for years to come. Why not make better when starting now?

The following seven tips have been distilled from years of experience in business ownership.

If you’ve ever wondered what it takes to become a successful business owner in the following insights would serve as a good starting point. When You internalize these concepts, you can move on to more advanced ones.

Maintain Your Expenses And Incomes Reports

Everything from a new car insurance quote to your monthly income’s exact dollar amount needs to be tracked every day. One key difference between successful businesses and unsuccessful ones is organization.

Businesses that keep track of all of the details of their expenses and their income are far more likely to have a better understanding of their overall financial situation, enabling them to make more informed decisions.

Save Up Money For The Dry Season

One thing that everyone learns in business school is the concept of the business cycle. As with all things in nature, businesses grow and decay in cycles naturally.

Your business could be doing considerably well today but inexplicably began to suffer tomorrow with no apparent cause. You can do as a business owner to build up an emergency reserve stockpile of cash so you can cover your operating expenses if and when the difficult times come.

Consider Looking At Alternative Options For Insurance

As a business owner, you likely have insurance on many different things. You might have it on the equipment that you need to run your business, the vehicles that you need for your business, the location of your business, your personal home, your personal vehicle, and on and on and on and on.

Obviously, they can get a little confusing unless you are experienced in the industry.

Still, one thing you can do to minimize the expenses and the complexity is to work with the single broker who can manage all of your different insurances. Typically you’ll get a discount for bundling all of them together with one company.

Keeping An Emergency Fund

You should attempt to maintain an emergency fund. You’ll not touch that cash unless there’s a serious financial emergency. You’ll save that cash together with your bank, otherwise, you might find a savings bank that gives higher rates. If your emergency fund can make money for you, it’s a way better use of your spare cash.

In most cases, you ought to attempt to add several months of salary to the present account. You’ll add a small amount of cash monthly as a cushion if you do not have much to spend.

Meet With A Financial Planner

It won’t matter how much money or business brings in each month if it is unwisely spending all of its money. It is a lot easier to outspend your income than it is to earn more than you spend.

That’s why business owners need to remain diligent and keep an eye on their business expenses to ensure that nothing gets out of hand. As soon as you notice something amiss, make sure that you get to the bottom of it before it causes any long-term damage.

Economize

When you are shopping, you ought to attempt to buy generic products the maximum amount as you most likely can. Once you buy generic products, you’ll economize on every purchase. You’ll trim your budget easily, and you would possibly find products that you simply will still purchase within the future.

You do not want to continue to lose money once you have worked so hard to save lots of. Buying generic might signal a change within the way that you simply manage your money.

13.0

If you’ve got a bank account, you would possibly want to speculate your bank account during a conservative open-end fund, stock, or bond. You’ll reach out to a financial advisor who will assist you choose a secure option. You’ll pull out this money at any time, and you can put the cash back if you begin earning extra money each month. Once you are investing, you would possibly choose something sort of a bond or COD that may mature quickly.

You can choose a market account offered by your bank, otherwise, you might choose a web saving bank that gives higher-than-average savings rates.

Prepare multiple scenarios and contingencies, so you are prepared no matter how things develop in the real world.

Do you want a progressive or multiplier slot? If you are new to playing the game, you may find it confusing. If you go to online casinos like VulkanVegas Denmark, you will find hundreds of slots in the system. There are so many types of slot machines out there, and it is best that you know what they are before you play.

Today, you will learn about the different types of machines. By the end of this tutorial, you should know what slot machines to play.

Slots by Reels

Slots are typically made with three or five reels. These reels columns that spin. Three-reel slots usually have lesser symbols in them, so it is easier to win. However, they also provide lower prizes. The first slot machines made 200 years ago are 3-reel ones.

Five-reel machines have more action. This is the most common type of slot games today. They have more symbols but landing a winning combo is more difficult. Since landing a combo is tougher, you also get better pay and more features, such as bonus rounds, free spins, and so much more.

Always remember that in the slot world, the number of reels and the number of symbols are indications of how easy or difficult it is to land a winning combo.

Colossal Slots

These are games that have one 5×3 grid, and then another that is typically 5×12—with five reels but with 12 rows. These are two separate grids that function as different slot machines, but they are part of one machine.

In colossal slots, the typical set-up is that you only pay for the lines of the first grid. Usually, the first grid has 20 lines. The second grid is also going to spin, and it serves as a bonus reel.

Such games are costly, and this is because you have more opportunities to win. Some have the same symbols for both grids, but others have special symbols that only land on the second grid.

Colossal slots usually spin like normal ones do, but some do not apply the usual payline. Instead, you have to make clusters out of the symbols. Some require a horizontal or vertical combo. Such games are great if you are prepared to risk large sums of money.

Progressive slots

Progressive slot machines refer to those that have jackpots. In a progressive machine, the jackpot prize is not constant. What happens is that for each bet that loses, a part of that is moved to the jackpot prize. What it means is that the jackpot prize gets bigger and bigger for as long as no one has won it yet.

In a progressive slot, it is not unusual to have at least three jackpot prizes. The biggest won is usually called the mega jackpot. Since there is a jackpot, the game also requires that you meet a minimum bet requirement before you can qualify to win it.

There are different ways to win a mega jackpot, so read the slot manual before playing. If you placed a bet that is below minimum and you hit the jackpot, you will not win it. You should only play progressive slots if you have money to spare—bet the maximum and then hope for the best.

Wild and Scatter Slots

Many 5-reel slots have wild and scatter symbols. These are feature symbols that augment your winning odds. A wild is a symbol that substitutes for another one so you can make a winning line. Let us say that you landed two cherries and a wild. You needed three cherries and you are missing one

Since there is a wild symbol that is in the place of where the third cherry should have been, you still win the prize for the cherry combo.

A scatter is a special symbol that usually awards free spins and coins. As a scatter symbol, it does not have to fall or land on any specific position. In many 5-reel slot machines, you only need two to three scatter symbols anywhere on the grid to get the prize.

Summary

So far, these are the general classifications of slots. Sometimes, these types are combined into one If you are looking for games that have high payouts, you have to look for progressive slots that have high potential jackpots.

If you want the games that have low payouts but with higher odds of winning, then choose 5-reel slots that have wild and scatter symbols. If you are a beginner, it is best that you play 3-reel slots that have classic game mechanics.

 

If you’re learning how the stock market works, you may have heard the term penny stocks. While there is some stigma surrounding this type of commodity, it is possible to make some money with penny stocks. Here are four things to know about penny stocks.

What Are Penny Stocks?

Penny stocks are small company stocks that are usually traded for less than $5 per share. Even though some types of penny stocks are traded on large stock exchanges, like the New York Stock Exchange, most of these types of stocks trade through over-the-counter (OTC) trades. Penny stock transactions occur through the electronic OTC Bulletin or through privately owned pink sheets. There really isn’t a floor for OTC or penny stock transactions, and quotes are usually also done electronically.

How Do Penny Stocks Make Money?

Penny stocks are appealing to many stock traders because of the potential to earn a decent return. For instance, some types of penny stocks have the potential to land you around 20% to 30% in profit. The trick to getting this type of return is to sell the penny stocks you’re holding rather quickly — like in the span of a few days — as soon as you see your percent of return increase.

What Types of Penny Stocks Are There?

Since penny stocks revolve mostly around new and growing companies that make shares available to traders, there can be many different types of penny stocks to look for when you get into stock trading. Firstly, when looking for the right penny stocks to invest in, it’s important to research the company in which you’re interested in buying penny stocks. Look for companies within high-growth industries, like technology or healthcare. This can indicate a company’s potential for revenue growth, which means a higher rate of return when you sell your stocks.

Another type of penny stock you can look into is high-volatility penny stocks. In other words, you’re looking for new company shares below that $5 threshold that have massive potential for growth. The trick with these types of penny stocks is to watch closely and sell as soon as you see a decent return potential, usually within the same day or within several days.

Common Penny Stock Scams

There are several common penny stock scams that traders interested in this commodity should be aware of. One such scam is called the pump-and-dump scheme, where promoters of a stock fraudulently inflate the price of owned stocks through misleading promotions and positive claims. Scammers do this to sell cheap stocks at much higher prices. Another scam to watch out for is what’s known as a short-and-distort scheme. This involves selling short a company’s shares and then misleading investors with negative reviews to influence the stock price to decrease.

Penny stocks come with a higher risk than most other stocks, as they are difficult to regulate and track through the SEC. However, don’t let that stop you from trying, especially if you use a reputable broker to help you with your trades.