Financial investment – Hledam http://hledam.biz/ Tue, 21 Sep 2021 19:30:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://hledam.biz/wp-content/uploads/2021/06/icon-2021-07-01T003219.761-150x150.png Financial investment – Hledam http://hledam.biz/ 32 32 Douglas Elliman announces strategic investment in Bilt Rewards https://hledam.biz/douglas-elliman-announces-strategic-investment-in-bilt-rewards/ https://hledam.biz/douglas-elliman-announces-strategic-investment-in-bilt-rewards/#respond Tue, 21 Sep 2021 18:37:00 +0000 https://hledam.biz/douglas-elliman-announces-strategic-investment-in-bilt-rewards/ Launches tenant rewards program to help residents earn points on rent free of charge NEW YORK, September 21, 2021 / PRNewswire / – New Valley Ventures, an investment vehicle managed by Douglas Elliman’s parent company, Vector Group (NYSE: VGR), today announced a tenant rewards program through a strategic investment in Bilt Rewards , the first […]]]>

Launches tenant rewards program to help residents earn points on rent free of charge

NEW YORK, September 21, 2021 / PRNewswire / – New Valley Ventures, an investment vehicle managed by Douglas Elliman’s parent company, Vector Group (NYSE: VGR), today announced a tenant rewards program through a strategic investment in Bilt Rewards , the first co-branded loyalty and credit card program for tenants. The investment comes as Douglas Elliman officially joins the Bilt Rewards Alliance, a network of over 2 million rental units across the country where tenants can sign up for the loyalty program to earn points on rent free of charge. .

Douglas Elliman Logo (PRNewsfoto / Douglas Elliman)

“We are proud to support and align with Bilt Rewards as their program fills a gap in the market to prepare tenants for financial success and encourage a path to homeownership,” says Scott Durkin, CEO of Douglas Elliman.

“New Valley Ventures is committed to investing in innovative, technology-driven solutions for the wider real estate community,” adds Dan Sachar, Managing Director of New Valley Ventures and Vice President of Corporate Innovation for Vector Group.

The round table, which also has Mastercard, Wells Fargo and other large real estate owners including AvalonBay Communities, Equity Residential, GID, Lennar, The Moinian Group, Morgan Properties, Starwood Capital Group and Related Group, as investors , will propel Bilt Rewards to further expand its network of loyalty partners, develop its organic distribution channels and open up the Bilt Rewards and Bilt Mastercard platform more widely to the public.

Launched in June by Kairos HQ, Bilt Rewards is the world’s first co-branded tenant loyalty and credit card program, allowing the nation’s 109 million tenants to finally earn points on their biggest monthly spend at no cost. . By offering the Bilt Rewards program to tenants across Douglas Elliman’s rental portfolio, including new development projects, residents can now earn points with every on-time rent payment.

“Douglas Elliman is constantly on the lookout for new ways to improve the rental experience and build lasting relationships with our residents,” says Matthew Villetto, executive vice president of Douglas Elliman Development Marketing, on investment and partnership. “Bilt is unique in that it offers a true win-win platform for tenants and property managers where everyone can benefit.

Additionally, Douglas Elliman residents will be among the first to receive an invitation for the Bilt Mastercard, the first credit card that allows users to pay their rent free of charge. With the card, Douglas Elliman residents can earn 1x points on every dollar of rent, 2x points on travel purchases, 3x points on meals and 1x points on all other non-rent purchases, allowing them to maximize the potential rewards, all at no cost.

With Bilt, renters can redeem points for travel to over 100 major airlines and hotels, fitness classes at the country’s best boutique studios, and can even redeem points for rent or future credits. down payment on a house. When paying their rent through the Bilt Rewards app, members can also report their rent payments to the credit bureaus free of charge, which can help build credit histories for millions of young tenants.

CEO and Founder of Bilt Rewards Ankur jain continues, “Our relationships with the nation’s leading property owners, real estate technology investors, property managers and brokerage firms, now including New Valley Ventures and Douglas Elliman, have helped us develop the best value proposition for all. the people involved in the rental equation. We are excited to be working hand in hand to create a program that will transform the rental experience as we know it for millions of people across the country. “

New Valley Ventures continues to invest in promising next-generation technologies to propel the real estate industry into the future and further benefit the agent, tenant and buyer experience. In doing so, New Valley Ventures uses his in-depth industry knowledge from Douglas Elliman to advise on meaningful digital development, technology solutions and financial software.

“We are delighted to offer our residents access to this innovative program and to work with Bilt to develop this product,” explains Hal D. Gavzie, Executive Director of Leasing at Douglas Elliman. “This partnership underscores Douglas Elliman’s commitment to fostering long-term relationships with our customers, from tenants to landlords and landlords, in addition to generating creative solutions to facilitate the home search process.”

For more information on Bilt Rewards, visit BiltRewards.com or download the Bilt Rewards app.

ABOUT THE VECTOR GROUP
Vector Group is a holding company of Liggett Group LLC, Vector Tobacco Inc., New Valley LLC and Douglas Elliman Realty, LLC. Additional information about the company is available on the company’s website, www.vectorgroupltd.com.

ABOUT DOUGLAS ELLIMAN
Founded in 1911, Douglas Elliman Real Estate is the largest brokerage house in new York Metropolitan area and one of the largest independent residential real estate brokers in United States. With approximately 7,000 agents, the company operates approximately 100 offices in New York City, Long island, The Hamptons, Westchester, Connecticut, New Jersey, Florida, California, Colorado, Massachusetts and Texas. Additionally, Douglas Elliman has a global strategic alliance with London– based at Knight Frank Residential for business in global luxury markets spanning 61 countries and six continents. The company also controls a portfolio of real estate services, including Douglas Elliman Development Marketing, Douglas Elliman Property Management and Douglas Elliman Commercial. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, please visit elliman.com.

ABOUT BILT REWARDS
Released by Kairos HQ in June 2021, Bilt Rewards is the first-ever loyalty program that allows tenants to earn points on rent free of charge and paves the way for home ownership. Through a partnership with the nation’s largest property owners including Avalon Bay Communities, Equity Residential, Related, Starwood Capital Group and more, Bilt Rewards enables tenants of over two million units across the country to earn points simply by paying rent. Bilt Rewards offers one of the most beneficial rewards programs on the market today, including individual point transfers to 9 loyalty programs allowing travel across over 100 major airlines and hotel partners; fitness classes at the best studio-shops nationwide including SoulCycle, Rumble and Y7; exclusive and limited edition collections of art and interior design thanks to the Bilt collection; and the possibility of using Bilt points for rent credits or for a future down payment. Bilt also partnered with Mastercard to create the Bilt Mastercard – the first and only credit card that can be used to pay rent free of charge. For more information, visit BiltRewards.com.

Cision

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Mnuchin private equity fund raises $ 2.5 billion https://hledam.biz/mnuchin-private-equity-fund-raises-2-5-billion/ https://hledam.biz/mnuchin-private-equity-fund-raises-2-5-billion/#respond Mon, 20 Sep 2021 19:37:29 +0000 https://hledam.biz/mnuchin-private-equity-fund-raises-2-5-billion/ WASHINGTON – Steven Mnuchin has raised $ 2.5 billion in his new private equity fund, people familiar with the matter say, attracting investment from sovereign wealth funds in the Middle East, including Saudi Arabia, where he has a lot traveled as Secretary of the Treasury. The fund was started earlier this year by Mr. Mnuchin, […]]]>

WASHINGTON – Steven Mnuchin has raised $ 2.5 billion in his new private equity fund, people familiar with the matter say, attracting investment from sovereign wealth funds in the Middle East, including Saudi Arabia, where he has a lot traveled as Secretary of the Treasury.

The fund was started earlier this year by Mr. Mnuchin, who served as treasury secretary to former President Donald J. Trump throughout his tenure, and focuses on investments in technology and financial services. Earlier this summer, Mnuchin opened an office in Tel Aviv, Israel, and raised funds from the Saudi Arabia Public Investment Fund.

The fundraiser was reported earlier by Bloomberg News.

Former Goldman Sachs banker, film investor and hedge fund manager, Mr. Mnuchin now relies on the experience – and contacts – he has developed at the Treasury to continue to develop his wealth. When he took on the role of Treasury in 2017, his net worth was estimated to be around $ 400 million.

The scale of Mr Mnuchin’s fund and his investments in the countries he traveled to as Treasury Secretary has raised questions as to whether he used his role in government to enrich himself.

Citizens for Responsibility and Ethics in Washington, a watchdog group, filed a lawsuit this year seeking information about the cost of Mr. Mnuchin’s trip to the Middle East, where he visited extensively during his tenure.

“Mnuchin should have made no official decision based on how he might profit from it after he left office – if he did, he should be held accountable,” the group said.

As Secretary of the Treasury, Mr. Mnuchin led the economic policies of the Trump administration, helping shape the Republican tax cuts of 2017 and representing the United States in numerous international forums. The tax law ultimately did not eliminate the special treatment of “interest held” that benefits hedge fund managers and private equity executives after intense lobbying pressure from the industry.

Mr. Mnuchin has also spent considerable time focusing on sanctions policy and has made annual trips to the Middle East as part of efforts to establish a Riyadh-based terrorist financing targeting center. While in Saudi Arabia, Mnuchin made several visits to the Future Investment Initiative, a business conference known as Davos in the Desert and hosted by the Public Investment Fund.

In January 2021, less than two weeks before stepping down, Mnuchin traveled to Saudi Arabia to meet with his finance minister and discuss the fight against terrorism and illicit financing. The trip to the Middle East, which also included stops in Egypt, Sudan, Israel, Qatar, the United Arab Emirates and Kuwait, was cut short amid Mr. Trump’s chaotic transition process.

Mr. Mnuchin returned to the Middle East this year while setting up his fund.

During a trip to Israel in June, he told the Jerusalem Post that he was setting up an office there due to the country’s strength in the cybersecurity and financial technology sectors, which will be the priorities of the government. funds.

“We hope to be considered one of the best strategic partners in these areas,” Mnuchin told The Jerusalem Post.

In July, Mr. Mnuchin’s fund, Liberty Strategic Capital, made a $ 275 million investment in Cybereason, a cybersecurity firm that focuses on ransomware attacks.

Some former Treasury officials have joined Mr. Mnuchin’s new venture. These include Eli Miller, his former chief of staff, and Brian Callanan, who served as general counsel. Joseph F. Dunford, the former chairman of the Joint Chiefs of Staff is also a senior advisor.

A spokesperson for Liberty did not comment on the state of fundraising.

Ethics groups have also paid attention to the cost of Mr. Mnuchin’s travel since he left office, as he continued to enjoy Secret Service protection for an additional six months.

The Washington Post reported last week that the federal government paid secret service agents thousands of dollars to protect Mr. Mnuchin during his summer trips to Israel and Qatar, where he stayed at the St. Regis Doha. .



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Priority financial stability: strengthening the resilience of inv … https://hledam.biz/priority-financial-stability-strengthening-the-resilience-of-inv/ https://hledam.biz/priority-financial-stability-strengthening-the-resilience-of-inv/#respond Mon, 20 Sep 2021 07:49:10 +0000 https://hledam.biz/priority-financial-stability-strengthening-the-resilience-of-inv/ (MENAFN – Caribbean News Global) By Kristalina Georgieva, Managing Director of the IMFLaunch event of the document “Investment funds and financial stability” To illustrate the importance of our new report , we must return to the height of the crisis in March 2020. We were facing the greatest economic shock of our life. But we […]]]>

(MENAFN – Caribbean News Global) By Kristalina Georgieva, Managing Director of the IMF
Launch event of the document “Investment funds and financial stability”

To illustrate the importance of our new report , we must return to the height of the crisis in March 2020. We were facing the greatest economic shock of our life.

But we did not face another global financial crisis last year, not only because of the extraordinary monetary and fiscal measures, but also because countries worked together after the global financial crisis to strengthen the resilience of the banking sector , to ensure that banks have more reliable liquidity and capital buffers.

The experience of the past year has been less encouraging for the investment fund industry, as the crisis exposed fundamental vulnerabilities that could affect global financial stability.

Many investment funds were severely affected by the turmoil in the financial markets, and the initial shock was amplified by rapid outflows and rapid asset sales as liquidity suddenly dried up in the markets. keys. The so-called “dash-for-cash” has spread across borders, triggering large capital outflows from emerging and developing markets.

Today, the global economic recovery is underway; but there is also growing uncertainty, including growing concerns about overexploited asset valuations . It is therefore not surprising that policymakers and regulators are keeping a close eye on investment funds.

Over the past two decades, nonbank financial institutions have played such an important role that they hold about 50 percent global financial assets. It benefits everything from entrepreneurs growing their business, to families buying their first home, to saving for retirement.

These investment funds are essential engines of prosperity. They come in all shapes and sizes, such as money market funds and open-ended mutual funds, and they are subject to a range of investor protection and market conduct regulations. But we also know that many funds have ventured into riskier investments, such as high yield debt and real estate which make them more exposed to liquidity pressures in times of distress.

This in turn requires greater vigilance to ensure that critical parts of the financial system do not freeze when they are needed most.

So our key message today is: if we are to preserve financial stability nationally and globally, we need to strengthen the resilience of investment funds .

What can policy makers do?

A priority is to further strengthen risk management, in particular liquidity risk management . Our new report shows how this can be achieved with a combination of cash management tools.

The key is that these tools can be deployed sequentially as needed based on the intensity of pressures facing a particular fund. This means funds would no longer have to rely on so-called redemption fees and regulatory threshold barriers, which was problematic last year.

These measures would benefit all investment funds, but especially those with less liquid assets. We also believe that there is room for more prescriptive regulatory approaches in this critical area.

Here we can take advantage of lessons learned from the banking sector. We have seen a significant strengthening of risk management in banks, in large part due to the stricter regulatory frameworks put in place after the global financial crisis.

This approach has served us well and is even more important now. Just think about the risk of financial fallout that could affect emerging and developing economies .

Again, this is an area where investment funds play a central role. Over the past decade we have seen nearly $ 1,000 billion of foreign investments in emerging market sovereign debt with investment funds representing about two thirds of these vital capital flows.

In our report, we provide specific proposals on how to mitigate the volatility of capital flows and how to better manage cross-border fund flows in times of crisis.

These are important measures, but we must go further. Even as some countries tighten their policies and accelerate investment fund reforms, we must remain vigilant of those who try to outsmart the system. Fight regulatory arbitrage beyond borders remains critical.

This is why we need strong international cooperation . It is at the heart of the ongoing reform process led by the Financial Stability Board. And this is reflected in the joint efforts of national supervisors and central banks, the International Organization of Securities Commissions and other standard-setting bodies, and international financial institutions such as the IMF.

Policymakers worked together to make banks safer after the global financial crisis; now the same must be done for investment funds . We know the risks to financial stability remain high and asset prices are tight, so speed is key when it comes to these reforms. Financial risks take time to develop, but conditions can change quickly and pose new, unforeseen challenges for the financial sector, as we saw during the turmoil of last year.

Given the essential role of investment funds in stimulating growth and safeguarding financial stability, we must take the right steps now to strengthen their resilience.

With that, I look forward to hearing your perspective on this crucial issue.

MENAFN20092021000232011072ID1102824748

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The Seven Deadly Sins of Investing You Should Avoid https://hledam.biz/the-seven-deadly-sins-of-investing-you-should-avoid/ https://hledam.biz/the-seven-deadly-sins-of-investing-you-should-avoid/#respond Sun, 19 Sep 2021 18:33:32 +0000 https://hledam.biz/the-seven-deadly-sins-of-investing-you-should-avoid/ In Christianity there are seven deadly sins, each of which is an extension of the emotions we feel in everyday life. When we over indulge in these emotions, it can lead to problems. Investing means managing your emotions and having the right temperament to succeed. There are also seven deadly sins to avoid when it […]]]>

In Christianity there are seven deadly sins, each of which is an extension of the emotions we feel in everyday life. When we over indulge in these emotions, it can lead to problems. Investing means managing your emotions and having the right temperament to succeed. There are also seven deadly sins to avoid when it comes to personal finances. They are as follows:

Lust: Lust is the sin which corresponds to an excessive love of something. When we think about our investments, sometimes we can fall too much in love with certain stocks. This also applies to other assets. Unfortunately, no script or asset is the magic answer to a successful investment. This is why it is very important to take things in moderation and understand the counter-argument for not investing in a security.

Desire: Envy is wishing you had something that someone else enjoys. In the markets, this happens all the time. You go to a party and a friend tells you that he had invested in this unknown business and has now made multi-bagger returns. Instantly you wish you had invested in the same. This emotion is dangerous because it can cause you to take unnecessary risks with your money and hurt your finances.

Greed: Greed is wanting more than what you need or can use. Have you ever invested in something and seen it grow a lot more than you expected? Let’s say you invested in a stock and it doubled in a few months. It has probably increased a lot more than you originally expected. Do you still want it to go higher even if it is not justified? It is greed that speaks.

Pride: Pride is a classic sign of overconfidence. It is dangerous to think that you are invulnerable or that you know more than everyone else. You might have invested in something to see it go down. The logical thing to do would be to assess whether your original thesis was correct. But if you still don’t want to change your mind because it would mean admitting that you were wrong, then often the market will come back with an answer that puts that pride back in place.

Gluttony: Gluttony is the overconsumption of anything. In personal finance, excessive consumption of news and financial media can be detrimental to your wealth. While it’s essential to understand what’s going on in the market, often what you see in the news is just noise. The market goes up or down simply because there is a mismatch between buyers and sellers. But news channels and social media will try to convince you that there is some logic behind the latest market move. What is deadly about consuming too much of this noise is that it can cause investors to think very short term and trade investments rather than longer term investments.

The laziness: Laziness is another word for laziness or to avoid doing something. Have you postponed investing for retirement or for your future financial goals? Have you deferred rebalancing your portfolio to your asset allocation? You may think this is something you can take care of on another day, but postponing it too long can prove costly in the long run.

Anger: The dictionary defines anger as a fit of anger or a quest for revenge. Have you had that experience where you spend a lot of time doing your research and buying an asset, only to see its price drop? If your instinct has been to get angry and double your investment because the market is not doing well, then anger is driving you.

When investing, it’s always a good idea to take a step back and assess whether you’ve made a mistake. The market has no interest in whether you are right or wrong. Making sure you can make your decisions when cold heads prevail is crucial in making sure you can make better decisions. I cannot say better than Warren Buffett who said that temperament is more important than IQ when it comes to successful investing.

Rishad Manekia is Founder and Managing Director of Kairos Capital Pvt. Ltd.

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Evergrande moment of truth arrives with bond payment deadlines https://hledam.biz/evergrande-moment-of-truth-arrives-with-bond-payment-deadlines/ https://hledam.biz/evergrande-moment-of-truth-arrives-with-bond-payment-deadlines/#respond Sat, 18 Sep 2021 23:00:00 +0000 https://hledam.biz/evergrande-moment-of-truth-arrives-with-bond-payment-deadlines/ (Bloomberg) – Bondholders of the China Evergrande group are on the verge of whether the real estate giant’s liquidity squeeze is as bad as it looks. Interest payments on two Evergrande notes fall due Thursday, a key test of whether the developer will continue to meet its obligations to bondholders even if it falls behind […]]]>

(Bloomberg) – Bondholders of the China Evergrande group are on the verge of whether the real estate giant’s liquidity squeeze is as bad as it looks.

Interest payments on two Evergrande notes fall due Thursday, a key test of whether the developer will continue to meet its obligations to bondholders even if it falls behind on payments to banks, vendors and retailers. holders of onshore investment products. Investors rate a high probability of default, with one of the Notes trading below 30% of its face value.

Concerns about Evergrande’s ability to honor its $ 300 billion in liabilities are spreading across Chinese financial markets. Shares of other real estate companies plunged, while the return on a junk dollar-denominated bond index climbed to about 14%, the highest in nearly a decade. The People’s Bank of China on Friday injected $ 14 billion in short-term liquidity into the financial system, a sign that policymakers want to ease the nerves.

Evergrande’s payments due Thursday include $ 83.5 million in interest on an 8.25% five-year dollar bond, according to data compiled by Bloomberg. There is a 30 day period before a missed payment is considered a default, according to the covenants of the obligation. Evergrande is due to pay a 232 million yuan ($ 36 million) coupon on an onshore bond the same day.

In total, Evergrande has $ 669 million in coupon payments due until the end of this year. Some $ 615 million is spent on dollar bonds, according to data compiled by Bloomberg. Fitch Ratings signaled the heightened risk of payment failure this month when it downgraded the company’s credit rating even deeper into junk territory, citing the risk of “likely” default.

Evergrande is also expected to pay interest on bank loans on Monday, with a one-day grace period. Monday and Tuesday are public holidays in China. Although details of how much owed are not publicly available, Chinese authorities have already told major lenders not to expect a refund, people familiar with the matter said last week. Evergrande and the banks are discussing the possibility of extensions and renewals of some loans, the people said.

Bond investors are rushing for professional help as a potential restructuring for Evergrande is getting closer to reality. Addleshaw Goddard has engaged with some of the company’s bondholders and is preparing to establish a creditors committee to negotiate with Evergrande, according to a person familiar with the matter.

Evergrande’s debt pile includes around 571.8 billion yuan in loans from banks and other financial institutions such as trusts, with 240 billion yuan within a year. The average cost of borrowing was 9.02% as of June 30. A portion of Evergrande’s borrowings is guaranteed by a pledge of its buildings and equipment, land use rights, cash held in banks and holdings of certain subsidiaries.

China Minsheng Banking Corp., Agricultural Bank of China Ltd. and Industrial & Commercial Bank of China Ltd. were among the developer’s top banks at the end of last year.

Whether or not selling Evergrande bonds drives the broader credit market may depend on the company’s ability to buy time with banks. A messy default on loans could fuel fears of widespread contagion, something Xi Jinping’s government has been keen to avoid even as it tightens funding restrictions on overwhelmed developers and discourages government bailouts.

More stories like this are available at bloomberg.com

Subscribe now to stay ahead of the game with the most trusted source of business information.

© 2021 Bloomberg LP


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What are ETFs and should you invest in them? https://hledam.biz/what-are-etfs-and-should-you-invest-in-them/ https://hledam.biz/what-are-etfs-and-should-you-invest-in-them/#respond Sat, 18 Sep 2021 13:30:22 +0000 https://hledam.biz/what-are-etfs-and-should-you-invest-in-them/ Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. There are so many ways to invest your money to build your wealth. From stocks to bonds to index funds, there is […]]]>

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

There are so many ways to invest your money to build your wealth. From stocks to bonds to index funds, there is a wide range of investment vehicles for all types of investors depending on their goals.

A common choice for first-time investors who want to gain exposure to the wider stock market is to invest money in an exchange-traded fund. You’ve probably already come across its acronym: ETF.

What are ETFs?

Think of ETFs as compartments containing a collection of securities, such as stocks and bonds. Since ETFs are made up of these multiple assets, they offer investors instant diversification. When an investor buys a unit of an ETF, their money is divided among different investments. This differs from stocks where you buy stocks of a single company.

ETFs typically mimic a market index like the S&P 500. Since ETFs’ performance is usually index-based – meaning they follow the highs and lows of that index – most are passively managed investments. and therefore probably have lower fees than mutual funds. Mutual funds, on the other hand, want to beat the performance of the market and therefore are managed by a fund manager, who actively chooses the investments.

Much like stocks, ETFs can be bought and sold on an exchange throughout the day, and investors can even earn dividends depending on the type of index followed by the fund.

Should you invest in ETFs?

Since ETFs offer built-in diversification and don’t require large amounts of capital to invest in a range of stocks, they’re a good place to start. You can trade them like stocks while still benefiting from a diversified portfolio.

How to start investing in ETFs

First of all, you will need to create an account online through a broker or trading platform. After you fund the account, you can buy ETFs using their ticker symbol and indicating the number of shares you want.

Deciding how many stocks to buy depends largely on the current price of a stock and your own financial situation. ETFs are good for beginners because they offer entry-level access: you can buy as little as a single stock, and with some brokers, like Robinhood, you can even buy fractional shares.

The fees vary by broker, but it is best to look for options with very low or no transaction costs. Nowadays, many traditional brokerage houses offer commission-free transactions on ETFs. Some of the best $ 0 commission trading platforms are as follows:

While ETFs that track the S&P 500 are some of the most popular, be aware that very few ETFs track the S&P 500 as a whole, rather than components of the index.

The Vanguard S&P 500 ETF (VOO) tracks the entire index and has low management fees. Its current expense ratio is 0.03%, which means you only pay 30 cents a year for every $ 1,000 you invest. For every $ 10,000 invested, this would equal $ 3 per year.

At the end of the line

You don’t have to be that practical in investing with ETFs, and investing in them is an easy way to get started in the market.

If you don’t feel comfortable choosing ETFs, consider opening an account with a robotic advisor who automatically invests on your behalf. Many robot advisers, like Betterment, recommend low-cost ETF portfolios so that you can take advantage of this investment vehicle without having to do your research on all of the different options available.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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Raise Financial by Pravin Jadhav Launches Dhan Investment App for Early Access https://hledam.biz/raise-financial-by-pravin-jadhav-launches-dhan-investment-app-for-early-access/ https://hledam.biz/raise-financial-by-pravin-jadhav-launches-dhan-investment-app-for-early-access/#respond Fri, 17 Sep 2021 13:45:00 +0000 https://hledam.biz/raise-financial-by-pravin-jadhav-launches-dhan-investment-app-for-early-access/ Raise Financial Services, the fintech startup founded by former Paytm Money CEO Pravin Jadhav, has launched its Dhan app on Android and iOS for early user access. “We have started issuing invitations to users who have signed up for early access,” the investment platform tweeted on Friday. “We will be building with early adopters, with […]]]>
Raise Financial Services, the fintech startup founded by former Paytm Money CEO Pravin Jadhav, has launched its Dhan app on Android and iOS for early user access.

“We have started issuing invitations to users who have signed up for early access,” the investment platform tweeted on Friday. “We will be building with early adopters, with a larger rollout over the next few days. ”

Raise Financial Services plans to launch its equity and investment trading product by the end of this year and is also in the early stages of discussions to “functionalize” insurance and money management offerings, according to an ETtech report of August 10 on the acquisitions of Moneylicious Securities, a brokerage firm.

“The way we plan to build Raise Financial Services is to have it as a holding company with several lines of business as subsidiaries. The acquisition of Moneylicious is the first step in this direction, ”Jadhav said at the time.

In February, Raise Financial raised seed funding from Mirae Asset’s seed fund and US companies Social Leverage, Blume Ventures Founders’ Fund and Multi-Act Equity.

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Raise Financial positions itself as a financial management platform for financially savvy clients with a diversified wealth portfolio. It will also enter the insurance distribution sector, specifically targeting urban India. Its rivals would include unicorns such as Zerodha and Groww, as well as the IPO-linked Paytm and Policybazaar.



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Thailand to offer 10-year visas to ‘wealthy citizens of the world’ https://hledam.biz/thailand-to-offer-10-year-visas-to-wealthy-citizens-of-the-world/ https://hledam.biz/thailand-to-offer-10-year-visas-to-wealthy-citizens-of-the-world/#respond Fri, 17 Sep 2021 00:30:56 +0000 https://hledam.biz/thailand-to-offer-10-year-visas-to-wealthy-citizens-of-the-world/ Updates from Thailand Sign up for myFT Daily Digest to be the first to hear about news from Thailand. Thailand aims to attract up to 1 million wealthy residents and take advantage of telecommuting professionals uprooted by Covid-19 by offering long-term visas to foreigners who invest $ 250,000 to $ 500,000 in property or bonds […]]]>

Updates from Thailand

Thailand aims to attract up to 1 million wealthy residents and take advantage of telecommuting professionals uprooted by Covid-19 by offering long-term visas to foreigners who invest $ 250,000 to $ 500,000 in property or bonds of state.

The visa program, unveiled by Prayuth Chan-ocha’s cabinet this week and subject to legal changes, will target “affluent global citizens”, wealthy retirees, digital nomads working remotely and skilled professionals.

The launch of the visa program comes as the pandemic shakes Thailand’s tourism industry, damaging business confidence and hitting the baht, which is one of Asia’s worst performing currencies this year.

Thailand is cautiously reopening its largest island Phuket and a few other resorts to vaccinated foreigners, but officials admit mass tourism is unlikely to return to the record 40 million visits in 2019 anytime soon.

To qualify for the 10-year visa, which includes family members, the Thai government has said that “wealthy citizens of the world” would have to invest at least $ 500,000 in bonds or real estate and prove that they had. a minimum income of $ 80,000 per year. Retirees will need to invest at least $ 250,000 and earn a minimum of $ 40,000 per year.

Bangkok plans to offer the measures for an initial five-year trial period starting in 2022. During this period, the government said it expects investment to increase by Bt 800 billion (24 billion) in the country, as well as Bt 270 billion in additional tax revenue.

Thailand will join several other countries, including Antigua and Barbuda and Barbados, which offer tax and visa incentives to attract digital nomads and other high-income foreigners.

“We expect wealthy citizens of the world, retirees and highly skilled professionals to welcome this opportunity,” said Juckchai Boonyawat, Thai managing director of Mercer, the consultancy firm.

“Having said that, we need to keep an eye on how the government would change laws relating to land and property ownership as well as applicable taxes, as these are major considerations for foreigners who wish to stay with a long-term investment in Thailand. “

A government spokeswoman told the Financial Times that the program would only be implemented after “other changes in laws and regulations” were made.

An expert on digital nomadic visas described the 10-year term as “a game changer,” but added that its importance would depend on the details, including whether it allowed freelancers who worked for multiple clients, as opposed to a single employer. , to define base in Thailand.

“This is the holy grail of the true digital nomad: getting a multi-year visa,” said Jeff Opdyke, editor-in-chief of Global Intelligence Letter.

Thailand’s year-round warm climate, vibrant cuisine, beaches, and reliable private healthcare have already attracted a large expat and retiree community.

Latest coronavirus news

Follow FT’s live coverage and analysis of the global pandemic and rapidly evolving economic crisis here.

“Overall, this [visa scheme] is a positive step, but it remains to be seen whether this overhaul will actually attract the investments expected by the government, ”said Mercer’s Juckchai.

However, some long-term foreign residents have recently complained about the government’s mess in its Covid-19 vaccine response and onerous entry requirements for residents returning from abroad.

Thai Deputy Prime Minister Anutin Charnvirakul angered some expatriates at the start of the pandemic when he lambasted the “farangs” (Westerners) for being “dirty” and not wearing masks. He then apologized for the comments, which were aimed at tourists.

Twitter: @JohnReedwrites



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EU lawmakers call for military investments after Kabul chaos https://hledam.biz/eu-lawmakers-call-for-military-investments-after-kabul-chaos/ https://hledam.biz/eu-lawmakers-call-for-military-investments-after-kabul-chaos/#respond Thu, 16 Sep 2021 14:52:00 +0000 https://hledam.biz/eu-lawmakers-call-for-military-investments-after-kabul-chaos/ Flags of the European Union fly in front of the headquarters of the European Commission in Brussels, Belgium on May 5, 2021. REUTERS / Yves Herman / File Photo September 16 (Reuters) – The European Parliament on Thursday called on the bloc of 27 countries to step up defense cooperation and investment in order to […]]]>

Flags of the European Union fly in front of the headquarters of the European Commission in Brussels, Belgium on May 5, 2021. REUTERS / Yves Herman / File Photo

September 16 (Reuters) – The European Parliament on Thursday called on the bloc of 27 countries to step up defense cooperation and investment in order to become more independent from the United States after the withdrawal from Afghanistan.

“The EU must invest in military awareness, surveillance and reconnaissance, intelligence and strategic airlift”, according to a resolution approved in Strasbourg.

Parliament voted 536 for, 96 against and with 50 abstentions.

The non-binding resolution noted the inability of European forces to secure an airport such as Kabul for evacuations without US support.

The parliament also criticized US planning for a withdrawal from Afghanistan, which EU lawmakers described as unilateral and lacking sufficient coordination with NATO allies, many of whom are EU members.

The resolution called the chaotic withdrawal a collective failure of Western foreign and security policy which, in the short term, undermines the credibility of the West.

Dependence on Washington for evacuations from Afghanistan sparked new discussions within the European Union on the establishment of a rapid reaction force.

The EU’s efforts to create such a force have been paralyzed for more than a decade despite the creation in 2007 of a system of “battlegroups” of 1,500 soldiers who were never used due to disputes over funding. and a reluctance to deploy them. Read more

Reporting by Sabine Siebold; Editing by Hugh Lawson

Our Standards: The Thomson Reuters Trust Principles.


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Higher taxes needed to invest and compete globally: US Secretary of Commerce https://hledam.biz/higher-taxes-needed-to-invest-and-compete-globally-us-secretary-of-commerce/ https://hledam.biz/higher-taxes-needed-to-invest-and-compete-globally-us-secretary-of-commerce/#respond Tue, 14 Sep 2021 19:46:00 +0000 https://hledam.biz/higher-taxes-needed-to-invest-and-compete-globally-us-secretary-of-commerce/ Corporate tax increases are needed to make the United States more competitive globally, US Secretary of Commerce Gina Raimondo told Yahoo Finance Live in an interview. House Democrats have proposed increasing the tax rate for businesses with income of at least $ 5 million to 26.5%. “If American businesses are to compete, we need these […]]]>

Corporate tax increases are needed to make the United States more competitive globally, US Secretary of Commerce Gina Raimondo told Yahoo Finance Live in an interview. House Democrats have proposed increasing the tax rate for businesses with income of at least $ 5 million to 26.5%.

“If American businesses are to compete, we need these investments,” Raimondo said. “And then the question is, how do you pay them. I don’t know of any business leader who thinks it would be the president’s responsibility to make this government operate as if it had a blank check.

While the Democrat’s proposal falls short of Biden’s original 28% plan, Raimondo said Biden was open to a compromise on the tax rate.

Raimondo highlighted a number of areas where she believes the United States needs to catch up.

“We need a better trained workforce. We need workers who have digital skills. We need every American to have broadband and digital literacy, “she said.” We need affordable child care.

Commerce Secretary Gina Raimondo speaks during a press briefing in the White House briefing room in Washington, Thursday, July 22, 2021 (AP Photo / Andrew Harnik)

The United States does not rank very well relative to its global peers in many of these areas. For example, US policies on child care and parental leave come in 40th place on a list of 41 developed countries ranked by Unicef ​​earlier this year, ahead of only Slovakia. Biden’s plan aims for a cap on childcare costs and universal pre-kindergarten.

Some representatives of American companies say it is not worth the tax blow for companies. “The tax increases that Congress is currently considering are significant and directly target investments. This will cause a big economic blow in terms of the size of the economy, jobs and wages, ”recently wrote Curtis Dubay, senior economist at the US Chamber of Commerce.

Raimondo admits that tax hikes are not popular: “People don’t like tax hikes. And we don’t think businesses would like higher taxes. However, when I talk to business leaders, they are very focused on competing on the global stage, and to do that they say – and I agree, the president agrees – we need to investments.

Julie Hyman is the co-host of Yahoo Finance Live, weekdays 9 a.m. to 11 a.m. ET. Follow her on Twitter @juleshyman, and read his other stories.

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