Money

Options are one of the most successful investment options available today. They have been proven to be highly flexible and prudent tools for an investor in the stock market. Let’s try to better understand options trading.

What are Options?

Options are contracts that allow you to be involved in trading without buying shares directly. An option contract typically consists of 100 shares. You could buy the contract at the strike price, the agreed-upon price of the shares at the time the contract was executed, for a premium, which lasts for a specified period of time.

Types of Options

There are two types of option contracts. Call options give you the right (not the obligation) to buy the shares at the strike price for a specific time period. Put options, on the other hand, give you the right (not the obligation) to sell the shares at the strike price for the defined period of time.

How to Trade Options

Let’s try to understand options trading with this simple example:

XYZ company is trading at $10 per share. You buy a call options contract of 100 shares with a premium of $2 per share for $200. If the price of the share rises to $20, you could make a profit of $800 on this deal after deducting the cost of the contract i.e. $200.

Contrary to this, you could make a profit from a put option by selling the shares at the strike price when the share price goes down.

Benefits of Options Trading

There are a few benefits to options trading.

Hedging

Options contract could be used for hedging purposes for your trading portfolio. Hedging with options reduces your risk at a reasonable cost.

Higher Return

Consider this example. XYZ company is trading at $20 per share. You buy a call option contract (100 shares) with a premium of $2 per share for $200. Suppose the share value rises to $30 (an increase of $10), the value of the contract also rises to $1,000.

If you buy 100 shares at $2,000 and sell it for $3,000, you make a profit of $800 after deducting the contract price. So, you have a 140 percent return. But if you sell your contract at its new value of $1,000, your profit will be 800, a return of 400 percent on your investment of $200.

Options Contract are Flexible

You could enforce your American options at any time during the tenure of the contract. This strategy gives you a lot of flexibility to use options for your advantage.

Risks Associated with Options Trading

As with other kinds of investments, there are a few risks involved with options trading.

Time may not be Favorable

All options contracts have a set tenure and expire on a certain date. The value of the premium deteriorates at a fast rate as the expiration date gets closer. Eventually, the options could become worthless, and you could lose the total amount that you paid for the contract.

Options Price may Move Very Fast

You need to wisely invest in options as the price of options moves very fast due to its high profitability.

 

One of the biggest outrages around the world against the schooling systems has been the fact that schools do not teach practical essentials in life. These include things as basic as filing tax returns. However, part of the blame for people not being able to file returns also lies on the shoulders of the government that is said to have made the process for filing these returns so difficult.

However, if you pay attention, learning to file returns does not need to be taught at a school. The process can be made easy by taking care of the following factors:

Tax Brackets

The very first thing that you should keep in mind while filing your returns is to ensure that you know what tax bracket you fall in or whether you fall in one or not. For this, you will have to calculate your annual salary. For different amounts earned per year, you will pay a different percentage of tax.

On the other hand, if you run a business, you will have to pay the tax on that business separately. This tax rate is often higher than for individual tax rates.

Properties

Many people seem to mind the fact that they must show the properties that they own even when they bought it out of their own savings. However, every individual must remember to declare all their properties and pay taxes for those properties. Furthermore, assets like Gold must also be declared with the government. Do not lose any receipts to these assets or the property documents to any of your properties.

Withholding Taxes

One of the most confusing aspects of filing your tax returns are withholding taxes. Withholding taxes, as the name suggests, are simply just withheld by the government. Once you do file your returns and declare that some of your tax has already been taken in the form of a withholding tax, the amount for those taxes will be subtracted from what you will pay now.

However, remembering that you have already paid taxes in the form of withholding taxes to get some of it back later on is very difficult, especially considering the number of internet purchases for which you do not even get a real receipt. As a result, sellers on the internet today use magento 2 pdf invoice extension to get pdf invoices which they could save or even print out later to file and submit with their returns.

Liabilities Overstatement

Another very important aspect to keep in mind is to record liabilities at the right price. Overstating your liabilities, no matter how good it sounds for your present returns (more liabilities means less income and hence less returns), will ruin your tax returns for subsequent years. You will not only have to show how you adjusted your liability in the present year, but will also have to take it forward to coming years where you will have to account for it.

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For those who don’t know, Dubai was actually transformed due to its real estate sector, which turned into one of its principal economic arteries. From being a desert country, the transformation of the UAE and Dubai came with all the development brought by the always growing real estate market.

Actually, some of Dubai’s top real estate agencies or companies are pillars and boosters to Dubai’s economy. Studies reveal that the real estate sector is vital to the city’s economy.

So you have to be aware that when you’re looking for, renting or buying apartments for sale in Dubai Marina, off plan projects in Dubai or villas in Downtown Dubai, you’re not only helping yourself and making investments in your future, but you’re also helping the city’s economy and Dubai’s property market, all at once. Just unbelievable, right?

But what makes this happen? And how does it happen? Here are some few reasons why and how the real estate market contributes to Dubai’s economy.

1. FREE ZONES

Dubai has many tax free zones like Jebel Ali free zone, Dubai Maritime City, Dubai Internet City, and Dubai Media City. The main goal of all of these tax-free zones is making the city an amazing place for foreign investment.

The city also hosts unique building structures such as Burj Khalifa and Burj-al-Arab hotel.

2. FORGETTING ABOUT OIL

UAE’s rulers have always been concerned about the country’s economy and how it may be affected when the oil runs out, so each emirate started working on mitigation measures, looking to diversify the economy.

Nowadays, Dubai has a fluent and vast diversified economy which incorporates sectors, such as trade, manufacturing, transportation, construction and real estate as the basic main contributors of the emirate’s powerful and growing economy.

By 2010, the economy was distributed this way: property and construction sectors contributed 22.6 percent of the emirate’s economy; trade made 16 percent; shipping, warehousing, and logistics contributed with 15 percent; tourism contributed with 11.6 percent; financial services made 11 percent and oil and natural gas used to account 6 percent.

3. DUBAI’S REAL ESTATE MARKET IS CONTINUOUSLY GROWING

Ever since the property market was opened to foreigners in 2002, the property sector has experienced continuous growth and expansion. The establishment of top real estate companies and developers such as Emaar Properties, Al-Nakheel, Al-Ittihad, Meraas and much more has contributed enormously to the growth of both the business market and the emirate’s economy. Bluewaters Residences Dubai, Port de La Mer apartments, or Emaar beachfront apartments are few to mention.

 

A new exhaust system is a great way to upgrade your Chevy Silverado 1500. Airflow through the engine is one of the essential factors in making horsepower. Therefore, having an exhaust system that can quickly vent exhaust gases from the engine is a valuable modification. It is also one of the most beginner-friendly ways to improve the performance of any vehicle.

Of course, aftermarket exhaust systems are just about improved performance. They also enhance the sound of the truck, making driving a far more enjoyable experience. The best performance exhaust system can also give your Chevy Silverado 1500 a deep, throaty rumble. Getting the right performance and sound from your truck is very rewarding.

Benefits of a Cat-Back Exhaust System

A cat-back exhaust system is a performance modification that changes the piping and other exhaust components from the catalytic converter to the exhaust tip. An aftermarket solution with larger piping and straight through mufflers can deliver a lot of great performance and cosmetic benefits.

• Improved fuel efficiency
• More horsepower and torque
• A new, stylish appearance
• Cleaner, more aggressive sound

The exhaust systems offered by manufacturers such as Chevy are typically more restrained than those offered by aftermarket providers. This simple upgrade can help you unleash the full potential of your truck.

MagnaFlow Street Series Cat-Back Performance Exhaust System

This performance exhaust system features three-inch tubing and straight through mufflers for high performance. It is constructed from high-grade stainless steel that maximizes durability while reducing corrosion.

The sound is a refined rumble. It is ideal for drivers who want to enjoy the complexities and individual details of their exhaust notes. It also offers a comfortable interior sound level, so you don’t have to sacrifice your hearing to drive a performance truck.

Select from a variety of exhaust tips including both polished and black finishes. MagnaFlow offers exit styles on one or both sides of the truck. Additionally, you can pick between single- and dual-tip exhausts.

MagnaFlow Off Road Pro Series Cat-Back Performance Exhaust System

For a louder, more aggressive exhaust note, this is the best performance exhaust system. It is designed for use with off-road trucks. Like the street series, this system’s tubing is larger than OEM for better performance. It is also constructed from the same high-grade stainless steel.

The exhaust exit sits in front of the rear wheels. This helps it work for almost any suspension configuration a Chevy Silverado 1500 can have. Whether your truck is lifted, lowered, on airbags or has any other setup, this exhaust system will work for you.

Get Started Modifying

These cat-back exhaust systems boost performance by upgrading everything behind the catalytic converter. You can also bolt on one of the best carb compliant catalytic converters to further improve the flow of your exhaust system.

Working on your own truck is a uniquely rewarding experience. When you are able to squeeze out some extra horsepower and fine tune the sound with a modification, you can enjoy driving around even more. Get started wrenching on your vehicle today to take advantage of the deepest joys of truck ownership.

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Your credit rating says a lot about you – make sure you manage it effectively.

There may be several reasons you are suddenly thinking about your credit file. It is probably because you want to take out a mortgage or loan, or maybe another bank account. Your creditor may say something like ‘we are going to do a credit check on you’ which roughly translated, means: we are going to look at how well you have managed your finances in the past, and make a judgement on whether we can trust you to manage this one. So, of course, you want it to look good. You can get a loan if you have bad credit but it can be trickier, with higher interest rates. Here are 5 tips to improving your credit file:

#1 – Existing debt: If you want to apply for a loan, you will need to consider any existing loans that you have. Any loan on your credit file should be up to date with repayments. Any late payments won’t look good, so address these issues if you can. Totally money says, “Whether it’s for a loan, mortgage, credit card, or even a phone bill, a late payment (or worse, a missed payment) is a definite no-no if you want a good credit rating.”

# 2 – Let go of past financial links: For example, you may have an old joint credit card with an ex partner. If you’re no longer using it, make sure the lender knows this. Sever any unsavoury ties and close old accounts that are stagnant or have been sitting empty.

#3 – Be stable: Lenders like applicants who have lived at the same address for a while. They like stability and will be more likely to accept your application if they can see you aren’t always darting about, changing your job or moving house. Also, make sure you are on the electoral register. They also like it when you use consistent details when applying for loans. For instance, if your name is Matthew, use that instead of Matt. Don’t change the details on various forms.

#4 – Don’t apply for too much: If you apply for a lot of loan products, your lender won’t like this. It will show on your credit report as someone who has been rejected by other lenders. Take your time to research the right loan and apply for it only when you know your credit file is ready. Make sure you always use a reputable lender. Many brands are now offering flexible options which might better suit you – so ensure you get the right one. For example, the online cash advance website Wonga lets you choose your repayment date, total loan amount and the amount of instalments you wish to pay in. If you know you’ll only need a cash advance for a few days, they won’t force you to keep the loan longer than needed. This might be better for you, and therefore better for your credit file. Choose carefully!

#5 – You can correct old mistakes: Don’t worry if you have CCJs or bankruptcy on your file. Everyone makes mistakes but your credit file evolves as you do, and within a year you can make dramatic improvements to your credit file. You have to stick at it, though. It can be difficult, but with the right mind set, you can create a glowing credit file that will make your lender very happy.

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Conducting business as a creditor has its ups and downs. Part of the risk you are taking is dealing with clients that become delinquent in payments. Unfortunately, multiple unpaid accounts can hurt the business and affect your bottom line. The good thing is, a creditor has rights when it comes to debt collection. However, it is essential to understand that a creditor’s powers are not unlimited when it comes to collecting payment from a debtor. Specific debt collection UK rules apply and through the guidance of these rules, a creditor can protect their business.

In this article, we will discuss the various actions a creditor can take when dealing specifically with unsecured debt from individual borrowers.

The rule on interest, charges, and fees

In the UK, a creditor can add charges and interest when a payment is overdue. But the amount only depends on what is stipulated in the agreement. It is not possible for a creditor to suddenly increase the interest rate or add excessive charges to an overdue payment.

Do banks have the right to offset a debt?

It is possible for a creditor to collect payment from a debtor’s bank account even without their permission. For example, if a debtor has a bank account and credit card with the same institution, the bank can take money from the bank account to pay for the credit card debt. Nevertheless, it is still the responsibility of the creditor to notify the debtor before taking such action.

Rules on contacting the debtor

It is a standard procedure for creditors to contact the debtor using various channels. They can send emails, letters, or make phone calls to attempt collection. Creditors can also hire a debt collection agency that will personally visit the debtor even if the creditor has not obtained a court order. Nonetheless, these collectors do not have the same responsibilities and rights as bailiffs or enforcement agents.

Hiring a collection agency

Debtors can rest assured that creditors will not sell the debt to a third-party debt collection agency unless they have been adequately notified and given ample time to try and settle their overdue payments. Once a creditor hires a collection agency to collect the debt, the agency will take over the obligation, and the original creditor loses the relationship with the client. Creditors often resort to this process when the payment is extremely overdue, and debtors are not showing any effort to repay their debt.

Sending default notices to debtors

One of the primary responsibilities of a creditor is to send default notices to debtors. This way, you are giving the debtor a chance to honour their commitment and make payment. Note, however, that this regulation only applies when the Consumer Credit Act regulates the debt. Some examples include credit card debt, payday loans, and personal loans.

Limitations

Creditors need to avoid harassing debtors during collection. The debtor can also request that creditors only contact them through a preferred communication channel. Lastly, it is not possible for creditors to breach privacy and security laws to try and collect payment from the debtor.

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When you’re already in your retirement, you worry because you’re not earning the same amount of money anymore. You were confident before because you knew that your income was enough to pay for all your needs, and even have enough for savings.

As you retire, your expenses will probably remain the same, but your income won’t. The first thing you might consider is getting a loan. Like any other retiree out of options, a loan is a life saver.

The problem is that a regular loan could be too much of a burden. When you start accumulating vast amounts of debt, you will be unable to pay for it. The interest will keep compounding until your total debt is way too high compared with the principal amount borrowed.

It’s also going to be a challenge for you to get loan approval because you don’t have a stable job. For most loan providers, you’re a high-risk borrower. They won’t let you get a loan unless you can assure them that you can afford to pay the loan on time, and you have sources of income that will suffice for the repayment of the loan. Such rules might be inconvenient for you, but the creditors are running a business, and they need to earn money.

Try equity release

If you’re planning to obtain a loan, you might as well consider equity release. It’s a type of loan that requires collateral. In this case, your property will be on the line. The positive thing is that you don’t need to repay the debt soon. You don’t even have to move out because you placed your property as collateral against the loan. You can stay in your house until your death. The loan will be repaid when you die, and the creditor sells the property.

When you agree to this type of loan, you’re handing over the right to sell the property to the creditors once you pass on. They can collect the money from the sale value and give the remaining amount to whomever you assigned as your beneficiary. It helps though to discuss this with your kids since they might expect to inherit the entire property. Let them know that you need money, and you only have your property to serve as collateral. They will probably understand your decision or give you a different choice to meet your needs.

With equity release, it’s impossible for your kids to have any financial responsibility for the loan in the future. There is a no negative equity rule which states that if the sale value of the property is lower than the total amount borrowed, the people left behind by the borrower won’t have to continue the repayments. Start looking for the best equity release companies now to meet your needs.

Don’t worry

With the availability of such loans, there’s no need for you to worry. You can continue living your life while enjoying financial stability. You also don’t need to bother the people you love because of your financial woes.

Image: https://unsplash.com/photos/s313y8DpjSo

 

 

When you lease a car, you do not know if you will like it. You research the car model, and you also compare it with other options. You also do not know if your needs will change and if the same vehicle will be okay for you in the future.

As you start driving, you will find out if there are recurring repair issues. Along the way, you will know if you are going to continue the lease once it is over, or if you need to look for other options. You need to observe the performance of the vehicle and how you feel about it. When you reach a point that you are unhappy with it and you are still months or even years away from the end of the lease, you might have to consider ending the contract.

The good thing is that some companies offer a termination clause in the lease. It means that you can return the vehicle before the contract is over, provided that you pay the termination fee. The amount is not as high as the remaining accumulated monthly fees, but it could still be a substantial amount. Therefore, you need to be cautious in determining if you are going to return the car.

Determine the issue

Before you decide that it is time to return the vehicle, you need to know first why you want to do it. If you have recurring repair issues, you do not wish to continue driving it as you will end up with more repair expenses. If your reason is that you like a newly released model, you might have to think again. You can purchase that model at a later date. If the end of the lease is only a few months away, you do not need to terminate the lease. Your preferred model will still be available. It might even be cheaper.

Absence of the termination clause

As you check the contract, you might realise that there is no termination clause. It is a terrible idea to pursue the transaction without this clause. However, if you are okay with it, you can use it as leverage to ask for a lower monthly fee. You will keep the same vehicle until the end of the contract. Therefore, asking for a cheaper lease is reasonable enough.

Take your time to decide

To avoid issues regarding termination, you need to take your time to determine if you will pursue the transaction. You can look for other models if the options on the table are not satisfying. Once you sign the lease, you have no choice but to keep paying your monthly payments until it is over.

The good thing is that there are top dealers out there who will offer reasonable lease agreements. For instance, you can check out www.genusleasing.com since they have some of the best car models and lowest monthly rates.

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