Investment

Retirement is that stage of life where you suddenly become dependent on others for your livelihood. But everything is not like before. The government of Singapore has come forward with a lot of schemes where your retired life will be safe and secure. CPF investment Singapore is one such scheme where the employees and employers together make monthly contributions to your retirement fund called the CPF or central provident fund.

What is the central provident fund?

It is mandatory social security for all working-class in Singapore. Monthly investments are made by the employee and employer to this fund. It helps the employee in meeting their health care and housing needs and also helping them achieve their retirement goals.

Where is CPF saved?

The central provident fund is saved in three accounts:

• Ordinary account
• Special account
• Medisave account

When you turn 55 your savings for an ordinary account and special gets transferred to your retirement account. The basic retirement fund will be known to you so that you can plan for your retirement.

Why saving in CPF is important?

The CPF helps you reach your retirement goals without taking the help of others. The main focus of the cpf investment singapore is to help you in a healthy retirement process but you can also use it for other important needs like health care, homeownership, asset enhancement, and family protection.

So to take care of all your retirement needs you must save in your CPF and lead a happy and blissful retired life.

If you are into cryptocurrency activities like buying and selling of different types of cryptocurrencies and making use of the same, then you will find this article interesting and informative. There are many such wallets and Tezbox is also one such wallet that has caught the attention of thousands of people across the world. Hence it would be a good idea to know more about it in general and also about such cryptocurrency payment wallets in particular. However, the concept of cryptocurrency is quite new and there are not many people who know about it. Hence, when it comes to understanding more about the benefits of Tezbox ico wallet, there is a need to have some basic information about the various advantages about making payments through such cryptocurrencies.

What is Cryptocurrency?

From the layman’s point, it would be enough if we understood that cryptocurrencies are digital assets. They have been designed to perform the task of a medium of exchange. These forms of payments and receipts do not make use of the conventional payment methods like the dollar bills or other forms of legal tender money. The ownership of cryptocurrencies happen through ledger records that are stored online. Whenever a buying happens, the ledger account of the person’s ledger account gets debited and the beneficiaries account gets credited. When we talk about a cryptocurrency wallet like Tezos fundraiser the users can deposit their cryptocurrencies in these wallets. They can make use of the same as and when required.

Advantages of Digitalized Cryptocurrency Payments

There is a growing demand for online digital cryptocurrency payments because it has some obvious advantages. We are sharing a few of them for the benefit of our readers.

• They make transactions efficient. There is no doubt that there are a number of businesses that have started offering bitcoin as another payment method. It would be pertinent to mention that restaurants, fast food outlets and even coffee shops have started to accept payments through cryptocurrencies that are make using wallets such as Tezbox web wallet.
• They are easily accessible. Mobile wallets are considered to be extremely flexible, versatile and convenient. It could come in handy for all those people who travel a lot and receiving and remitting funds will be that much easier and simpler.
• It also funding of cryptocurrency debit cards. If you have a cryptocurrency debit card and would like to fund it, you can transfer funds from these digital wallets to your debit card account and make use of it.

INTRODUCTION

The act of committing money or capital in the share market or any commodity to achieve an additional income is called Investment. Investment is primarily made for future purposes in hope of growth in capital with time, however it is also associated with certain risks. The Sensex market determines the profit and losses that the investor is going to face. The experience of how to buy the shares in the market is extremely necessary especially for beginners. Whether you are a beginner or an expert, there are mainly two types of investors –  one who wants to have an active hand in managing money and the other in who wants to invest and forget about the money invested for 15-20 years, with the sole aim of expecting a higher ROI. Let us take a look at the top 7 benefits of investing in share market in India:

7 BENEFITS

The stock exchange and investment have a lot of pros and cons associated with it which make investments different from ordinary stocks in the stock market.

The seven most important benefits of investing in stocks are-

• Tax- Tax is a factor that can eat the gains in ordinary shares. Investing in the share market helps the investor in maintaining the rate of return on the investments, thus managing the tax earnings.

• Innovations in technology- The updates and innovations in technology are one of the reasons why one can get information about the stocks easily. The people have started trusting the results that technology gives. Though the investor needs some amount of prior information from the mutual funds or the banks, with the help of online available resources they can analyze the performance of different funds and companies and invest according to it.

• Investment in diverse sectors- One of the benefits of investing in the share market is that the investor has an opportunity of investing in companies operating in various sectors and segments. This helps in optimizing the allocation of assets and getting a diverse range of returns from various companies.

• Shareholder- Investing in stock or share means taking a stake in the company in which one is investing. Investing in the market means getting all the benefits that the company is getting and the shareholders also have a hold-in the major decisions of the company. The annual report of the performance of the company is also passed by the shareholders to let them know the future possibilities of the company.

• Long-term benefits- From a long-term perspective, it has been proven that the person who invests in the share market gets the maximum which means the multitude of investments can also be doubled or tripled depending on the company.

• Additional source of income- Few investments in stocks act as an additional source of income in the form of a dividend which means that the returns will come even if the stock has lost its original value.

• Better returns- According to the records of how the stocks have performed, it can be seen that the average probability is that the stocks will return an additional 10% which is far better than the inflation rate of 3.2%.

CONCLUSION

Nowadays, for better protection of money, a Demat account is considered in which the investor can invest and protect their money in an online account. If you are planning to open a demat account anytime soon, then ensure to educate and understand the fundamentals as much as possible. In short, a demat account holder has numerous benefits as mentioned above, additional to the guaranteed returns/profits on their invested shares. So why wait? Open a Demat account now!

Sound tax planning strategies should be a consideration when it comes to your investments. But with record-low interest rates today, the opportunity to improve your rate of return by a mere few percentage points because of tax-informed investment decisions could be significant. This is particularly the case if you are in a higher marginal income tax bracket.

Below are some strategies to consider as you aim to improve your after-tax rates of return on your investments over time:

Target Long-Term Capital Gains

Under today’s tax rules, there can be a significant difference in the tax implications of selling investments over a shorter versus longer time period.

For short-term investments held for one year or less, you pay tax on any profits from the sale of an asset at your marginal income tax rate. In contrast, you can use a potentially much lower long-term capital gains rate to tax the profits on that same asset sale by holding the asset for at least one year.

Here is a simple example of the potential advantage of qualifying for long-term capital gains tax treatment: A married couple with a combined annual income of $450,000 would fall into a 35% marginal income tax bracket, under today’s tax rules. However, at their current level of income, they pay for long-term capital gains at only a 15% tax rate. As a result, the couple can potentially earn an implied 20% additional return on their investment gains simply by holding an appreciated asset for at least one year in order to qualify for the long-term capital gains rate.

Take Advantage of Tax-Deferred Accounts

Contributions to your employer’s 401k remains a great tool for both tax-deferred growth of your investments and a tax shield of your income.

Currently, you can contribute up to $19,500 per year (or $26,000 if over 50 years old) to a 401k plan, which will reduce your taxable income dollar-for-dollar. Any investment returns you earn in the account grow free of tax until withdrawn.

But you do not have to work for someone else to own and benefit from 401k income tax deductions and deferrals. In fact, if you are self-employed with no employees, the appropriately named Individual 401k plan can also offer you a valuable tax shield on your current income as an entrepreneur or consultant.

For example, you can make salary deferral contributions up to the same limits mentioned above on an employer-sponsored 401k plans (or up to 100% of your business income, whichever is less). In addition to these salary deferral contributions, you can also make profit-sharing contributions of up to 25% of compensation, assuming your business generates sufficient profits during the year. As a result, you could potentially shield up to $57,000 ($63,500 if over 50 years old) of your business profits in 2020 using an Individual 401k[1]. There is also no tax on your investment gains from assets held in an Individual 401k until you make withdrawals from the account later in life.

Finally, do not discount the value of tried-and-true Individual Retirement Accounts (IRAs). Currently, individuals can contribute up to $6,000 per year ($7,000 if over 50) into IRA accounts. You can contribute to a Traditional IRA and benefit from tax-deferred growth on investment gains until you make withdrawals (income limitations apply when determining the deductibility of the contribution). Roth IRAs offer tax-free (i.e., not deferred) withdrawals on gains. You can only contribute to a Roth IRA if your modified adjusted gross income is under $206,000 for married couples and $139,000 for single filers[2], which can make Roths a better contribution option for years when your income may be below these thresholds.

Municipal Bonds Are Still Valuable

People in the highest income tax brackets can still benefit from owning municipal bonds, even in today’s low interest rate environment.

For example, $1 million invested in income-producing assets yielding 1% annually would generate $10,000 of taxable investment income. If invested in tax-free municipal bonds, however, that $10,000 would not be subject to federal income tax (and sometimes is state tax-free as well). If you are in the highest income tax bracket, you could potentially lose $3,700 of that $10,000 investment income to income taxes without the benefit of tax-free municipal bond income. For high earners especially, municipal bonds still potentially offer a much more favorable after-tax rate of return on investment.

Create a Donor-Advised Fund

Changes to the tax law have impacted some people’s ability to benefit fully from charitable contributions. Another option to consider is using a Donor-Advised Fund, where you can make larger charitable contributions, receive an immediate and up-front tax deduction, and then set up the fund to make regular grants to charities in the future. With a Donor-Advised Fund, you can contribute a variety of appreciated assets to the Fund, which allows you to avoid paying taxes on any accumulated gains on those assets. This can be a significant tax savings.

It Is Not Just About Taxes (But Avoiding Tax Certainly Helps)

At Modera Wealth Management LLC, we believe individual investment decisions should not necessarily be made solely for tax reasons. However, a sound investment plan should factor in the implications of taxes where possible, which can optimize your rate of return over time. We can customize and develop investment strategies for you with an eye on minimizing taxes both now and in the future to help maximize your after-tax returns. Contact your Modera Wealth Manager to further discuss some of the options discussed in this article, or to explore other opportunities to improve your returns on investment through income tax management strategies.

Information sourced from an article by Bradley Hilton from Modera Financial Advisors in Atlanta, GA.

Modera Wealth Management., LLC (“Modera”) is an SEC-registered investment advisor with places of business in Massachusetts, New Jersey, North Carolina, Georgia and Florida. SEC registration does not imply any level of skill or training. Modera may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. SEC registration does not imply any level of skill or training.  For information pertaining to our registration status, fees and services, please contact us or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov) to obtain a copy of our disclosure statement set forth in Form ADV Part 2A. Please read the disclosure statement carefully before you invest or send money.

This article is limited to the dissemination of general information about Modera’s investment advisory and financial planning services that is not suitable for everyone. Nothing herein should be interpreted or construed as investment advice nor as legal, tax or accounting advice nor as personalized financial planning, tax planning or wealth management advice. For legal, tax and accounting-related matters, we recommend you seek the advice of a qualified attorney or accountant. This article is not a substitute for personalized investment or financial planning from Modera. There is no guarantee that the views and opinions expressed herein will come to pass, and the information herein should not be considered a solicitation to engage in a particular investment or financial planning strategy. The statements and opinions expressed in this article are subject to change without notice based on changes in the law and other conditions.

[1]  https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits

[2] https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2020

What you need to know about the financial market and investing in the assets is that any wrong move can make you lose your hard-earned money and it can have adverse effects on your earnings.

If you are considering investing in the financial assets then you must make out time to know about different instruments and the market itself. You can not afford to be hasty in your actions and decisions.

Having known that the financial market is not a child’s play and that it has various financial instruments with unique characteristics. The question now is have you considered which of the instruments you want to invest in?

You must have checked the commodities, cryptocurrencies, CFDs, indices, stocks, and so on because a good analysis of these instruments is required of you before investing in any assets.

There are numerous financial assets made accessible in the market, they all come with different factors and characteristics that are peculiar to each other. The uniqueness of these financial assets varies.

These factors are what brokerage firms take advantage of to make considerable profits. The financial brokers themselves examine financial instruments that have a reasonable profit margin and this is the reason behind their diversification of assets.

The financial market is quite interesting and has something for everyone but a good knowledge and understanding of the market is necessary. If you say a good experience and knowledge are needed in order to succeed, you will not be wrong because that is where the financial brokers come in to play.

The brokerage firms are in the market with their team of Certified Professionals who track factors, trends and economic events that affect the value of assets and they are there to help you make the best trading decisions.

A lot of hard work is needed from you before choosing a financial broker. Conducting a background study on them will be for your own good.

Check records of traders on the platform, the financial assets that are made available on the platform, and in fact, be highly informed about the brokerage firm as no knowledge is a waste.

Join me in this review as we explore the world of Coinepro.com. You will obtain great information that we help you in deciding whether to trade with this platform as you read through this review.

Brokerage firms’ ability to indicate and forecast the future economic trends in the market demonstrates the success rate of investors on their platform.

Overview of CoinePro.com

CoinePro.com is an online brokerage firm established by the industry’s experts and professional traders who have acquired great trading knowledge and experience in the financial market over the years.

They have more than sufficient knowledge in different areas of trading, crypto strategies, and risk management and also in various instruments and assets, and with all that knowledge CoinePro was founded.

The platform is customer-oriented and established with the concept of providing a platform that is reliable, convenient, and efficient while offering satisfactory services to its substantial trader across the globe while they trade.

They have incorporated certain features to ensure all these. From the educational materials, the trading platform, and all other aspects, they maintain top-notch quality.

CoinePro is said to have a unique platform that has incorporated up to date features of technological advancements in its platform. It is one of the top brokers in the blockchain industry that has an educational center where traders on the market are trained. Traders on the platform are offered experienced and professional advice or guidance to facilitate their trading at any point in time.

Under the educational center, it is said to have special forex and crypto classes that are made available to traders on the platform to ensure that they have vast knowledge and also well informed on the occurrences of events in the financial market. They utilize this training in making the right decision and employ the right strategies for profit generation.

The broker has made accessible 24 hours exceptional customer service system for the five working days of Monday to Friday for all trader both beginners and professionals for any issues, queries, or inquiries that they may want to contact the brokerage firm for. It has an outstanding trading platform with a high level of security and easy to access interface.

The high-security system is to keep the platform safe and protect traders from cyber-attacks and unauthorized entry into the system. The broker has expressed the need to provide financial investors or users of the platform an excellent and outstanding trading experience.

CoinePro is not complex as it has a user-friendly interface and also financial traders can perform their trading in the most efficient and effective way to ensure earnings as the broker has put in place valuable trading tools on the platform.

Unique features of CoinePro.com

Traded instruments on CoinePro.com

On CoinePro there are various financial instruments that are traded. The financial broker is of the opinion that you have a greater opportunity at maximizing profit when you diversify your traded assets in the financial market.

The following are the list of different traded instruments on the platform forex, shares, commodities, cryptocurrencies, stocks, indices, and metals. we shall go through them one after the other so that you as the trader will know how to best take advantage of the varieties for your good.

Forex

Trading forex is very popular and common among financial investors and traders as it has earned them considerable profit over time and CoinePro trades in forex. It is the financial market most liquid and largest assets. The forex market is known as (OTC) over the counter or interbank market because it is electronically operated.

CoinePro has made available the option for traders to trade on major currency pairs and the minor currency pairs as well. This way traders have a variety to choose from. The famous pairs like GBP/USD, EUR/USD, EUR/GBP is available on the CoinePro platform.

The platform also makes available resources materials to traders to help them understand and stay inline with the financial market changes. A proper and timely update is given to traders on economic policies and market trends as it affects the value of various currencies to enable them to take the right decision regarding the trade.

Shares

The share has oftentimes demonstrated that it is a highly profitable asset and it is also traded on CoinePro platform. The platform has inexhaustible access to the industries’ top stocks market like the UK, Germany, and the USA plus many more.

Trading on CoinePro has it’s special advantage of you enjoying low spreads and maximum leverage. In your trading decision making, CoinePro ensures you get required expert and professional advice to help you strategize your trading. Its focus is on the company that has the potential for the shares to appreciate over time.

Commodities

If trading forex or shares does not interest you then CoinePro has another alternative asset to choose from and that is commodities. However, a good knowledge of commodities and how the trading works is required of you before trading on it to avoid losing money.

Though the broker has a mixture of hard and soft commodities that can be traded on the platform and it carries lower risk as to other assets. The hard commodities traded on CoinePro are diamonds, gold, oil, silver while the soft commodities include different agricultural products like coffee, wheat, corn, sugar, etc but note that they sensitive to weather and climate change.

Cryptocurrencies

Cryptocurrency is actually one of the most in-demand assets traded by financial investors in the market. For financial traders who wants to make short term investment then trading crypto is the best option as it gives you the opportunity to make interest.

CoinePro offers investors the opportunity to trade on crypto and has a variety of them which includes (LTC) Litecoin, (RXP) Ripple, (BTC) Bitcoin, (BCH) Bitcoin Cash, (ETH) Ethereum and many others. The platform gives you the opportunity to buy at low prices and sell at profitable prices. It also has on its website the crypto volatility index to help financial traders with necessary information as they make trading decisions.

Stocks Indices

Upon complete registration of your account, CoinePro offers you the chance to trade on indices and stock. Numerous stock indices around the world are made available on CoinePro. The broker offers an intuitive interface that makes trading on stock indices easy on the platform.

The team of experts and professional have provided market analysis on a daily basis for you to make a smart and profitable decision during your trade. The most common and popular available stock indices include FTSE 100, S&P 500, and many more.

Metals

To make an excellent and outstanding portfolio while diversifying your financial instruments, you can not go wrong with precious metals as it proposes a great return on investment and also acts as a blockade from inflation.

CoinePro specially offers precious metals on the platform as they know it has a great level of advantage to the financial investor. The broker has a variety of metals made available for investment objectives and they include platinum, copper, gold, silver, and many more.

Trading platforms on CoinePro.com

The trading platform is the most important aspect of any brokerage firm through which means financial traders open and close positions and also monitor their trade. It is a very important feature and all the traders want the best available options.

The one main vision of CoinePro is to give financial traders a favorable trading experience and it stands on it to make it happen. The broker understands that if the users are not offered a good trading platform with up to date technological innovation and easy to use interface, they might not make a good profit.

Therefore, CoinePro provides the industry’s prominent trading platform which can be accessed through Web Trader, Optima, and Android & iOS trading platforms.

Web Trader

If the desktop-based trading platform is not your choice then you will like this. The CoinePro offers a trading platform in the form of Web Trader. It provides traders with a more flexible alternative that can be accessed anywhere in the world through the web browser. This means it is accessible on any device.

In other words, you can perform transactions on the go. It has vast trading tools that ensure that you can execute a quick trade decision and also have all your trade reflected in-real time. You can also check your current position and trade history without hassle. Another unique feature of Web Trader is that it is widely used and compatible.

Optima

CoinePro offers financial traders the Optima trading platform which has an easy to use interface and it is straightforward. The Optima is the best trading platform as it provides a steady and smooth trading experience.

It is powered by high technology and users can also customize it accordingly to ease their accessibility. Another great feature is that it demonstrates less resistance for traders and allows them to concentrate on gaining valuable information they desire. Once it is downloaded, installation can be done in a few minutes and you can start using it.

Android & iOS

CoinePro has provided for Android and iOS users, an exciting sophisticated and yet simple mobile trading platform. The broker has a mobile app that has a wide variety of features and functionality that supports your trading in other to have a considerable return on investment.

Account types available at CoinePro.com

The broker offers financial investors three great account types to choose from. The account option is available since all traders do not have the same experience and skill and also they will not invest the same amount of money.

The account options vary and they are formulated to accommodate different financial traders. The following accounts exist on CoinePro.com: Micro account, Standard account, and Premium account.

Let’s see more explanation on the account types below.

Micro account: The broker offers to beginners this account option and it has a minimum deposit of $500. It has a static spread, a personal manager whose duty is to help you make trading and investment decisions. The minimum lot is 0.1 and it comes with a leverage of 1:200. You also have access to the news feed and financial calendar.

Standard account: this account option is for the advanced and intermediate trader who already has acquired some experience in the market. It has a minimum deposit of $5,000 with a welcome bonus of 25% and also leverage 1:300 with a minimum lot of 0.5. It has all the features of news feed, financial calendar, personal account manager, and a static spread.

Premium account: the premium account is for professional and expert traders and has a minimum deposit of $50,000. The broker gives leverage of 1:400 with a minimum lot of 1. The welcome bonus is 50%, it has a static spread, and also it has all the features of the other accounts.

Security structure of CoinePro.com

The security of traders and their financial data is the major challenge of brokerage firms. CoinePro has an advanced security system that makes it reliable for traders. It has the highest standard of encryption and powerful privacy policy on the platform. No client information is disclosed to outsiders. It can only be used for administrative purposes. It also prohibits unauthorized entrance.

Exceptional customer service

The broker aspires to offer the best in class customer support to clients. It has a friendly customer service system where you feel free to ask any questions or make an inquiry about any aspect of the platform. It has a 24hours for 5working days of the week.

Deposit and withdrawal options

CoinePro uses bank wire transfer for a deposit which attracts no extra charge and it is also convenient. It has a minimum withdrawal of $250 and charges $50 and it is also processed within 5working days.

The broker also uses a credit/debit card and the withdrawal has a transaction cost of $25 and a $10 processing fee and minimum withdrawal of $100. Another method is repayment. Deposit is free but minimum withdrawal is $100 at a cost of $25.

Educational materials available at CoinePro.com

CoinePro knows that a good knowledge of the system helps traders to have a great experience. The training tools aids traders while making a trading decision in the financial market.

The broker has the economic calendar which helps traders know about important economic events that can affect their trade. There is also a trading guide with video tutorials, articles, and news from their team of experts and analysts.

The broker includes a currency converter, forex converter, Risk Management, and rating of Central Banks all these are to help the clients while trading.

The broker has a lot to offer, from the wide range of instruments to the features available. In addition, the platform offers premium security measures. We can say that CoinePro is quite impressive.

It has exceptional trading services and a powerful support system that has placed it among the top brokers in Europe.It has training tools with great user experience,this is not something you don’t see every day. Trading with CoinePro will be a good idea.

Undoubtedly, 2020 has been a challenging year for the industry, economy, and businesses. Thanks to the pandemic hovering in our lives, a lot of us haven’t got increments and bonuses to match the previous years. Along with lower annual inflow in your bank account, your mutual fund investment values are perhaps a standstill too. So, in such a situation, what should you do about your mutual funds? Invest in SIP to ensure that you contribute towards your future financial goals in a disciplined manner.

What is SIP?

Systematic Investment Plan (SIP) is a way to invest in mutual funds. Under SIP investments, an investor contributes a fixed amount at regular intervals for a specific period in their preferred mutual fund schemes. The periodicity and the investment amount is predetermined by the investor before starting an SIP. The periodicity of the intervals can be daily, weekly, monthly, quarterly, semi-annually or annually. This instils financial discipline among investors which is necessary to achieve long-term financial goals. However, how should you go about SIPs during such times of uncertainty?

Here’s what you can do during such uncertain times.

• Don’t stop your monthly investment– While you might have pencilled a specific growth in your SIP each year if you haven’t got an increment or significant bonus this year, hold on to your last year’s investment amount. Also, try not to lower your monthly SIP investments because your long-term goal is fueled from your monthly SIP. Cut down on your expenses if need be, but consider SIPs as sacred and continue with it.

• Don’t switch to safer options– Conserving profit in times of a market downturn is a natural thought. Investors often wonder if they should stop with their equity investments and move to safer investments like debt funds or fixed deposits. However, doing so will dent the return expectation on your long-term goals for which you begin your regular investments in equity funds. It’s best to make your peace with falling returns and stay put if your goal is still far away.

• Cut back on discretionary expenses– If you must, you should cut down your costs to accommodate SIP investments. This does not mean that you have to forgo your necessary expenses and daily needs like fees, medicines and so on. Instead, you should rethink large spends like weekend trips, designer apparel, vacations, etc.

Slack on some of these frills and you’ll realise that you can generate that little bit extra money every month which lets you continue your daily lifestyle without pulling back your SIPs or dipping into your investment pile. You can also use an SIP calculator, also known as SIP return calculator to understand the returns on your mutual fund investments on maturity. Happy investing!