Category: Finance

Riding a bike lets you enjoy your commute with the wind in your face. Other than that, it also adds a lot convenience by helping you weave through heavy traffic. This means you save a lot of time while others must wait for it to open.

There is no end to the list of advantages that a bike can offer you. But for all its advantages, there are a lot of dangers to riding a bike as well. Making a single mistake on the road can lead to dire consequences for both the bike and you. The best way to avoid this situation is to drive safe. However, despite all the caution, accidents can happen at times. Hence, the best solution for you is to have bike insurance.

Bike insurance during lockdown

Since more than a year, the country has been under lockdown due to the COVID-19 pandemic. As part of this lockdown, the movement of people across their respective regions. This means that there is little to no reason to drive your vehicle. Due to this, a lot of people of have parked their bikes for the foreseeable future. Hence, it is natural to forget about everything associated with the bike. This includes bike insurance as well. There may be a situation where you forget about your bike and the insurance policy on it. Due to this, you may fail to renew it and it may expire.

What happens when your bike insurance policy expires?

A bike insurance policy expires when you don’t pay the premium in the stipulated time of the coverage. This means making the payment before the last day of coverage. In the case you don’t make it and the coverage expires, the insurance provider will offer you a break-in period of 90 days. This break-in period serves as a chance for you to reinstate your plan. This way, you can restore all the benefits of the policy as they were. But you will not have coverage during the break-in period. If somehow, you miss this time window as well, your policy is terminated.

Upon termination, all types of coverage and benefits of the policy are considered null and void. This implies that you not only have no coverage for own damages to your bike, but also for third-party liabilities. Hence, the next time you get into a situation like accident, theft, vandalism, etc., you will have to cover these expenses out of your own pocket. While there is a lesser chance of accidents during lockdown, but there is no sense of taking the risk of being in this situation with insurance coverage. Moreover, riding a bike without insurance is illegal. Getting caught riding a bike without insurance means you will have to pay a heavy fine.

What can you do if this happens?

Missing the renewal of your bike insurance policy may be a bad thing, but its not a crime. But if you want to ride your bike, you need a two-wheeler insurance policy. So, in the case of your policy expiring, the only thing that makes sense for you to do is to buy a new policy.

Ideally, it would be better if you make the premium payment before your policy is terminated. But missing this opportunity could be a blessing in disguise. This implies that now you can buy a policy with better benefits and coverage options. Hence, as soon as your policy is terminated, you need to start looking for another policy.

The most obvious doubt here is that with everything closed due to COVID-19 lockdown, how do you exactly buy a policy or even look for one. The simple answer is through online mediums. The first step is always comparing polices which can be done through third-party comparison websites. To buy a policy you can go to an insurance provider’s website and make the transaction.

Do you know what it takes to succeed a startup owner? If you think that all you need is a great idea and a handful of people to sell it to, you have a lot to learn about business. You are going to need a lot more. For starters, you’re going to need cash. One source of that cash is the angel investor.

Angel investors are those who put money into startups at their earliest stages. Some are willing to invest and stay in the background. Others want an active voice in determining the course of the company moving forward. At any rate, you also need more than just a great idea to attract them.

Know that angel investors will do their due diligence before putting money into any project. Sometimes they go so far as to order startup valuation reports from a company like Springville, Utah’s Mezy, Inc. If you want to convince these investors to get on board, you will need at least five things.

1. A Solid Business Model

The Investopedia website defines business model as “a company’s plan for making a profit.” A good plan starts with the products or services a company offers. It goes on to account for a full range of factors including expenses, targeted markets, staffing, and so forth.

You have probably heard the old adage that says failing to plan is planning to fail. It rings true to angel investors. Without a solid business model in place, they are more likely to suspect a startup will fail. They will not invest in such a venture.

2. A Solid Management Team

Angel investors look closely at management teams inasmuch as they are the people who will be primarily responsible for day-to-day success. Successful days are like pennies. They add up. Thus, investors want to know that a startup’s management team is more than capable of handling day-to-day operations. At the same time, they want management teams with a forward-thinking attitude.

3. Existing Momentum

It is one thing to pitch a good idea. It’s another thing to already have momentum behind that idea. That’s where startup valuation reports come in handy. A good report shows that a startup is already moving. It shows that products are being made or services are being offered. Most important, it shows that owners already have skin in the game. This is important to investors.

4. Good Numbers

Startups with momentum already behind them can demonstrate current success through their numbers. In light of that, angel investors look for good numbers based on demonstrable evidence. They want to see a startup is heading in the right direction.

For the record, good numbers do not always translate to profit. In fact, it’s not uncommon for startups to go a year or more without making money. No, good numbers show reasonable losses commensurate with the amount of financial investment required to get a company off the ground. Good numbers also show continual movement toward eventual profit.

5. Good Timing

Finally, timing plays a bigger role in entrepreneurial success than most people realize. An entrepreneur might have an excellent idea whose time has not yet come. Likewise, the time for another idea may already be long passed. Angel investors look at timing as much as business model, solid management, or any of the other factors discussed in this post.

If you are looking to attract investors for your startup, don’t think that a good idea is all you need. You need all five things discussed here. They are the bare minimum for selling investors on your new venture.

Spread trading strategies involve the simultaneous sale of a specific security and sale of a related security. This can be done online with established online brokerages like eToro (Tip: A website called Wikitoro.org discusses about eToro spreads and other related topics. If you’re interested to know more, you check click on this link: https://www.wikitoro.org/etoro-spreads).  Both securities form the “legs” of the trade. The objective of spread trading is to profit from the difference of the two sales. Typically, the trade is completed in a synchronized manner, and is executed as a single unit.

In spread trading, a trader places Buy and Sell positions on a related asset. It is not encouraged that two options are placed on a single asset, unless you are using two different trading brokers. The basic idea for spread trading is to find two assets with one Up trend line, and another a Down trend line. A Buy spread is placed on the asset that the trend line is Up, and a Sell trade is placed on the asset where the trend line is Down. Both trades are placed at the same time.

Any changes in market conditions will tend to affect both legs. However, volatility for both is significantly reduced as compared to the effect of volatility on the two legs when considered individually.

There are three common types of the spread trading: Calendar Spreads, Inter-Commodity Spreads and Option Spreads.

• Calendar Spreads- trades that differ only in the delivery date. E.g. Coffee Futures in November and Coffee Futures in December.
• Inter-Commodity Spread- focuses on the economic relationship between two unlike but of equivalent value commodities. E.g. Gold and silver.
• Option Spread- involves buying and selling the same stock at varying strike points.

A trader needs to evaluate some key factors before deciding to make use of the spread trading options. Here are some of the notable advantages and challenges of the strategy:

Advantages

• Good for beginners as there is less price volatility and prices move less quickly
• Lower margin rates on spreads in commodity futures
• Hedging opportunities

Challenges

• Less liquid than other trades
• Much higher transaction costs incurred
• Limited profit potential

The use of Spread Trading helps reduce exposure to sudden price changes. The use of price spread analysis techniques enables investors to calculate exposure to price volatility in different market assets.

Spread Betting

Spread betting is designed to create a balance on the outcome of a trade. It is a much safer way to trade as investors are the one who decides on the amount to trade, as well as the risk involved for the whole trade duration. As there is the probability of the market changing unexpectedly, trading in high amounts could prove to be risky. Work with spread orders by setting a price limit.

Analyzing Data Matters

Newbies can greatly benefit from techniques in analyzing data for spread trading. They are able to point out sensible strike prices and settlement dates. And this information can be instrumental in reducing exposure to sudden price changes.

It can be noted though that reputable brokers are extremely helpful when it comes to spread trading. Novice traders are able to use trading tools from these brokers, which is helpful in the price comparison of most assets traded on a global scale.

In addition, here are several tips on how you can make the most from the benefits of spread trading:

1. Take an online course about spread trading. There are plenty of materials online that can help you get started. You can also use demo accounts to practice spread trading before you start investing with real money.
2. Take a thorough look on which asset to invest in, and on the implication of spread betting on these assets.
3. Have your own strategy when you apply spread trading. Customize the way you trade to better maximize the outcome for profits.

A 2019 study concluded that on average, Americans have about $90,460 in debt. This debt includes everything from credit cards to mortgages to student loan debt.

Gen X has the highest debt ringing in at $135,841. Debt has increased the fastest for the millennial generation. Their debt has increased by 58% in 4 years, from $49,722 in 2015 to $78,396 in 2019.

Personal finances are an important part of life but they can be a difficult area to manage. Keep reading to learn some personal finance tips you’ll want to hear about.

Always Have a Budget

The first thing that should be on your list of personal finance strategies is creating a budget. It’s easy to overspend if you don’t set a limit for yourself.

There are many online resources you can use to help you create a budget for your monthly expenses, this way you won’t wonder where all your money went.

Having a budget will also make tracking your spending simple. When you make a physical list of where your money goes you’ll begin to make better decisions for your financial future.

Pay Your Credit Cards

Credit cards can be a double-edged sword for many people. While they’re great at helping establish the credit that you need, they can also lead to a lot of debt if not handled properly.

You should pay off your credit cards as soon as possible. This will minimize your debt and prevent you from paying high-interest rates.

Falling behind on credit card payments or establishing a lot of debt from credit cards can lead to bad credit. This can make getting important loans more difficult.

When applying for a loan, bad credit can make things more difficult but it’s not impossible to get the loan you need. Bad credit help is available and many available options can help you establish the financial security you’ve always wanted.

Set Aside Emergency Money

This next tip is crucial to achieving financial stability. Setting aside an emergency fund can help ensure that when an emergency arises you’ll have the means necessary to take care of yourself and your family.

This fund should get a percentage of every paycheck. Keeping this money in a money market account will ensure that the fund continues to grow.

Saving Is Crucial

While an emergency fund is a type of savings, having a separate savings account is crucial to your financial success. If you’re living paycheck to paycheck this task might seem difficult but saving even a few dollars per paycheck will begin to add up.

Whether you’re saving for your education or a car, putting some money away can help you make those purchases you didn’t think were possible.

Invest in Your Health

Health insurance is an important part of financial stability. Investing in a good plan will protect you if faced with a medical issue. Taking care of your physical health can help prevent expensive medical care in the future too.

Important Personal Finance Tips

Financial stability is an important part of life. If you follow the personal finance tips listed above you’ll be on your way to the financial freedom you’ve always wanted. Check out some of our other blogs to learn more.

An expert advisor should look at your finances’ issues by taking points of interest in your current situation, goals, and risk mindset, then returning a written report outlining the products that address your issues and explaining why they are offered.

Who can provide professional financial advice?

Different consultants are qualified to provide different levels of advice.

financial advisors can choose the product that is right for you across the market and should not be dependent on a specific vendor. However, they may have some experience in particular areas, such as home or interest loans. Or speculation.

Banks, construction companies, and insurance agencies have employees or specialists who can provide data on their companies’ products. Some of them are financial advisors; However, they are limited to advising on their organization’s products.

How to seek advice from the data?

The advisor should disclose their situation and the type of guidance they are authorized to provide at the start of your meeting.

Some companies may research to control the type of item you need. However, please don’t confuse it with a financial review.

Why you should do business with a regulated financial advisor

Evidence related to money must have an FSA license. Regulation is necessary because it implies that the company will benefit from payment protection, a strategy of objections, and a wage conspiracy.

If you do complain, however, by neglecting to enter into an attractive deal with the company, at this stage, the complaint may be directed to the financial mediation service for arbitration.

If you receive compensation for a regulated company, you may receive remuneration from the Financial Services Compensation Scheme (FSCS). It depends on the type of grievance and how much salary limits have been exceeded.

Watch out for tips

Try not to sign any agreements or hand over any money until you are fully satisfied that you are dealing with a professional financial advisor who will give you an actual item.

Even some corrupt mentoring advisors cannot avoid the temptations of blackmail. However, if controlled, the FSCS should secure most if not all of your money.

You can check if the consultant has been directed to the FSA site.

If you receive offers on the web, over the phone, or by mail, do some reliable business research before rejecting individual funds or data.

Which lawyer is right for me?

This is based on your budget information and the corporate component’s unpredictability of the money you manage.

Despite the information about your finances, manage a trusted advisor to secure your benefits.

Find an advisor – Few advisors charge. Some receive their money as a reward for transactions.

In general, it is often best to run a consultant related to free money as they have a more extensive budget line base to describe, and they can suggest a strategy or item that addresses your issues more closely than anyone else.

What are the elements related to controlled cash flow?

Mainly mortgages, except commercial contracts, lease buyback loans, and second mortgage loans.

Investments such as enrichment approaches, pensions, global speculation such as trust shares, deals, and some of the most profitable items

Most life insurances like primary illness, life, or full coverage.