Author: Jeremy Terry

Importance of Savings

Importance of Savings

Savings are like an umbrella in the rain, they protect you through the tough and rough times. Yea, we love to get wet in the rain but also are scared to face the consequences, maybe just once in 5 or 10 years, getting wet in the rain once would seem to be fun!!

Going out of your cash in the midst of the month, when you have commitments the worst thing to happen to anyone! It leaves you with a hassle, that doesn’t have a proper fixed solution. Let’s think, what will you do when you don’t have the cash with you on the 10th of the month. You have emptied your salary for some commitment and the remaining ones stand still, like electricity bills, water, rent and other charges! What do you do?

Ask for help with friends, or other sources! Obviously, that is the nature, but how do you repay?? This will leave you in a dead end, unless and until you chart a way that will be sustained in your lifetime. Here comes the saving part that is much needed.

Read on to know more about how to set up the savings and what’s the best idea now.

Setting a goal:

Once we start saving, initially its nothing but keeping a percentage of the fund for pure basic emergencies like medical needs, extra commitments that crop up like traveling for some purpose like education, or educational needs and so on.

Once you get habituated to saving, here comes the next part, to maintain a goal. how do you keep a goal? well, have you heard money makes money!! Yes, so make your money grow in order to have more money during those tough or even happy times!! Start by diversifying your saving into any of the market ready products like investing in bonds, the stock market, and the latest the crypto world.

Invest in bitcoins and Ethereum will yield you great returns in just a span of 5-8years. That’s how the technology has been evolving in the last few years and has seen a huge rise in the prices, in exponential numbers. So, if you wisely invest your money into it, then you can gain the amount that you earn in 10 years, in a span of 5 years.

Ethereum is the next thing in the market that will surely outcome the bitcoin. If you want to know more, read to know about Ethereum code and its benefits here!!

 

Storing The CryptoCurrency –Simple Steps

 Storing The CryptoCurrency –Simple Steps

The ownership and responsibility to take about their own money are important, there is no other person who can monitor the financial transaction and other investments and spending of individual resources like the owner themselves. Advisors, financial consultants are there to invest the money in appropriate funds, monitoring them once a while is important to know if the consultant is helping and advising monetary decisions properly.

The overall requirement of increasing the computer literacy is important today, trying to generate a key to the most played game in the PC will scan the hard disk to find the private keys used and that is the beginning of all the cryptocurrency vanishing off from the digital wallet. One has to be extremely careful while handling using public database; someone can use the analyzers to just take out all the cryptocurrency from the digital wallet without a trace of suspicion.

How to store the Cryptocurrency safely

  • using unlicensed software or even browsing websites that look cool could catch a Trojan that will encrypt all the files, and one has to end up paying hackers who demand money else they decrypt the hard disk with all the data
  • using online web wallets that keep the private keys on their servers
  • Sharing the private key is the most financial crime that one can commit, as it may lead to improper use by someone known as the Ethereum Code
  • Using cold storage where the cryptocurrency is reserved offline, by keeping them in a USB drive or storage media, on a paper wallet, in a physical crypto storage space
  • a cryptocurrency Hardware wallet

Simple Steps to secure the cryptocurrency

  • Creating a USB that is bootable and with the help of a flash drive to store all the data in a dedicated drive with permanent encrypted with complex coded passwords so that they cannot be hacked or tampered, read more about Ethereum Code for the complete security of the account and the crypto money
  • creating a cold wallet is the best way to keep aside all the crypto money safely in a highly encrypted environment
  • creating a watch only mode in the mobile phones will reduce the sharing of any data between the servers
  • spending the Cryptocurrency in a secured way is very important, with the help of the computer to secure the coin currency, the use of high power storage network may use a lot of storage space and network connectivity, however, the coins are safe and secured.

The Things That Set Apart Ethereum From The Bitcoin

The Ethereum is predicted to take over the Bitcoin by 2018 for a reason, err, for a number of reasons and here you go with the top 5 of those!

  • The Bitcoins main purpose is trading or transacting the cryptocurrency, whereas Ethereum not only does that but can also offer several methods of exchange such as the Ethereum Virtual Machine and the smart contracts. Particularly, the smart contract feature of the Ethereum is quite exciting, where you are allowed to create your own digital token using the Ethereum that can be used to represent, assets, virtual shares, and their likes! Also, the interesting thing is these smart contacts are compatible with any wallets and exchanges that use a standard API coin.
  • The security protocol used by the Ethereum is different and, at the same time, deemed better than the Bitcoins! That is Ethereum uses “proof of stake” algorithm while the Bitcoin uses the “proof of work” algorithm and the main difference between the both is, in the “proof-of-work” method, the miners who solve complex mathematical problems are rewarded with the goal of creating new blocks and validating the transactions, whereas, with the proof-of-stake algorithm, even the creator of the new block is decided in a deterministic way according to its wealth or also known as the stake. To simply put, the Bitcoin’s algorithm needs more energy that is eliminated in the Ethereum’s proof-of-stake concept!
  • The average block time of Ethereum is only 12 seconds, whereas the Bitcoins require 10 minutes for the same. Sine the block time is lesser, it allows more block confirmations, which means the Ethereum miners can complete more transactions quickly and earn more Ether, appreciably!
  • We all know that the Bitcoins are hard-capped at 21 million, in which a majority of them have already been mined. But, in the case of Ethereum, to be specific the Ether, until the end of 20121, it is predicted that only half the Ethereum coins would be mined that provides more opportunities for the interested to own more Ether coins.
  • The Bitcoin network supports the concept of “block reward”, where the first computer that solves each new block is rewarded with the appropriate number of Bitcoins. But, in the case of the Ethereum network, there is no such block-based reward concept and instead, the miners are allowed to leave with a transaction fee for the work done.

Thus, Ethereum is a more interesting and more benefiting blockchain-based platform than the Bitcoin and if that interests you to invest in them then, read this Ethereum Code review to find the best way!

The History Of Ethereum

By now, the Ethereum cryptocurrency is as famous as the Bitcoin, where it is even predicted to overtake the Bitcoins in this 2018, appreciably! This prediction might be true, as the Ethereum is going strong as the second-most cryptocurrency by market cap, only next to the ‘Big Daddy’ Bitcoins. Despite all these, how many of us care to know the reason for the success of the Ethereum aka the History of the Ethereum to understand its popularity better? If you are in the very list, here you go with the facts about the origin of the Ethereum that would help you understand better its purpose and the reason for its surging popularity!

Ethereum’s introduction to the world

Ethereum was developed by the Russian programmer VitalikButerinin 2013! Intrigued by the blockchain technology, he got himself associated with the Bitcoins in 2011 and that was when he felt the urge to create a new platform, whose purpose is beyond the financial use cases of the Bitcoin. About his idea of creating this new platform called Ethereum in his own words,

“I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol.”

 

So, in 2013 Buterin released his first white paper describing the purpose of the Ethereum and in the early 2014, along with the other co-founders of Ethereum, Buterin launched a crowdsourcing campaign, in where the Ether tokens, the Ethereum network’s very own cryptocurrency was sold to the participants to raise a whopping $18 million fund for the Ethereum project. In 2015, the Frontier aka the first live release of Ethereum was launched successfully and since then, no going back for the Ethereum at all!

Buterin has also kept his promise of providing a blockchain-based platform, whose purpose is beyond the financial use cases and therefore, with Ethereum

  • It is possible to enjoy several methods of exchange, such as the cryptocurrency exchange using its very own Ether, Smart Contracts, and the Ethereum Virtual Machine, appreciably!
  • Both permission and permission-less transactions are possible, unlike the Bitcoins that allows permission-less or public transactions alone.

Thus, Ethereum with its wide variety of benefits is set to take over the market position of the Bitcoin by 2018, according to experts like Olaf Carlson-Wee, the CEO of hedge fund Polychain Capital! Hence, it is the right time for you to invest in this amazing cryptocurrency, for which this Ethereum Code review would be helpful!

 

How Can You Avoid ATM Fees?

How Can You Avoid ATM Fees?

It is no doubt very convenient to be able to withdraw cash wherever and whenever you want thanks to the umpteen ATMs all over the globe. Technology has advanced so much that it is now possible to withdraw cash even in a foreign land.

Being able to withdraw money from an ATM in an emergency is a blessing no doubt more so when you can do it from any bank ATM. But what is not so nice is the fee charged by the bank and not just by one bank but by both the banks – your own bank and the other bank from which you withdrew money. Irrespective of what amount you withdraw you end up paying these two charges. The charges are minuscule in the bigger scheme of things but in the long run, it will add up to a substantial amount. According to a Bankrate survey, ATM fees charged by banks have grown significantly higher over the last two decades.

If you do not want to pay these fees, follow the below tips.

  1. Your bank is your savior: Unless in a dire emergency do not use any other banks’ ATM. Rely on technology and use your banks’ app if it has one, or google to find out where your bank’s nearest ATM is. Ideally, you must plan in advance and make note of your bank branches and ATM en route to your destination and also in the final location. Or the best option is to withdraw the cash you anticipate to spend before you leave.
  2. Put your debit card to use: Not many people are aware that you can use your debit card in storefronts to withdraw cash. Just use your card for some basic purchase and in return ask for cash back. There is a minimum limit that the store can provide but that is still better than paying ATM fees. Moreover, the stores do not charge any service charge for giving you cash against your debit card.
  3. Open an online bank account: It is only the brick and mortar banks that have problems when you use another bank’s ATM. With an online bank, you will never encounter any ATM fees because they do not have their own ATM’s but you can use any bank’s ATM and your online bank will reimburse the fees charged by the bank.

If you do your research you will realize that there are many ways to prevent paying additional charges levied by banks. the onus is on you to find out the complete truth just as I did when I read everything about Crypto VIP Club before trading in it. See this like I did to realize that this system is not a scam and works as a charm for supplementing your income.

How much do you know about binary options?

How much do you know about binary options?

Trading in binary options is not always successful. Despite having access to all financial news 24×7 traders fail to make profits. But this has not deterred others from trying because of the easy availability of online trading platforms not only in binary options but also in cryptocurrency like the Crypto Code; these platforms promise high profits. You can read more about crypto code here in case cryptocurrencies intrigue you, but if your heart is still on binary options read on.

How can you become successful binary options trader?

  1. Know your trading tools

There are several trading tools and they are easily available too and hence it is quite normal to accumulate all the trading tools but if you don’t know how to use them and interpret charts then all your efforts are in vain.  You must develop the skill of reading the charts and be in a position to tell if a price will rise or fall.

  1. Always rely only on tested strategies

The correct trading strategy is the difference between success and failure. You must do your research and identify a strategy that has been consistent and has provided positive results. There are several sites that offer demo trading accounts. You can make use of such accounts and try your strategies till you refine them. Just because it is a demo account doesn’t mean that you must stake large amounts; you must learn all basics of binary options.

  1. Use indicators wisely

A common mistake that all binary options traders do is that they keep using indicators until they realize that they are not as good as they are thought to be. It is time traders realized that relying on indicators completely is a fallacy.

  1. Keep your emotions in check

Actually, this is something that traders in all fields must excel at because uncontrolled emotions can lead to disasters. Trading requires a cool calm mind that can think with clarity and execute with confidence. Don’t let a few losses or hits cloud your decision-making strategies; be disciplined in your trading style.

  1. Never underestimate signals

The market can disrupt the best-laid plans and strategies and those who step aside from their signals pay the price. Unless you are a seasoned player always trade only when the market is right; it does not pay to take any risks of any kind.

There is no easy route to make money and be successful. The above-stated tips should be a part of your skill set and foundation for all trading.

Don’t Make These Costly Mistakes While Banking

Don’t Make These Costly Mistakes While Banking

Knowledge is power, ignorance is a crime especially in the field of finance. It is important for individuals and business to know everything about banking because a single mistake can turn into a costly affair. Don’t make the below mistakes.

  1. As a conscientious individual, it is your responsibility that you never end up paying a maintenance fee for your checking account. It is within your capabilities to ensure that you maintain the minimum balance in your account. You can choose to have your salary deposited into this account or a better option is to choose a bank whose minimal requirements are meetable.
  2. If you are not alert you will have to pay overdraft fees when your account has insufficient funds; overdraft fees are always high. Irrespective of whether the bank approves a transaction or rejects it if you have insufficient funds in your account for a particular transaction you will end up paying a hefty To prevent this from happening to opt out of the overdraft protection. When this happens, if your debit card is not accepted due to insufficient funds you will not be penalized and dumped with a fee. But you cannot opt for overdraft protection in all transactions. The best option is to link your savings and checking accounts and ensure that the checking account has the maximum cash. Even for internal transfer of funds, banks will charge you fees.
  3. Even though using a credit card is an easy option, do not use it as overdraft protection. Not even when the immensely friendly and all-knowing bank representative tries to convince you to link your checking account to the credit card. While it will not be as costly as paying an overdraft fee it is still not cheap by any standards. In this case, you will end up paying several fees instead of one overdraft fee. You will pay:
    • Overdraft protection fee
    • Cash advance fee for the credit card because this transaction will be treated as a cash advance
    • You will also end up paying interest on the cash advance.

A better solution is to use the credit card directly for your purchases.

  1. Savings account must always have minimum balance because the interest rates are really low at 0.01%. But this is not true for all banks, some internet banks offer better interest rate.

Everything is in your hands. With prudence and sense of responsibility, you can avoid all the additional charges banks sneak into your fees all the time. Take the example of Crypto VIP Club, I invested in this trading system only after making sure that it is not a scam like several other systems online. See this to believe that all trading systems are not scams.

Make Profits Through ‘In The Money’

Make Profits Through ‘In The Money’

When the strike price of the call option is less than the price in the market of the underlying security or the put option’s strike price is more than the price in the market of the underlying security is known as “in the money”. It is said that if the option is in the money it has intrinsic value whereas if the option is out of the money will not have intrinsic value. If the trader is investing to trade in the money, it does not mean that they will make profits from the trade since to purchase an option it costs money. In the money will mean that the option can be exercised. All these options can be applied to crypto trading as well to know more go through this review.

If the stock option is worth exercising and has intrinsic value it means that it is in the money. Let us take an example:

Suppose a person by name Mathew purchases a call option on stock XYZ whose strike price is $15. Now the stock price is sitting at $20 in this case the option is said to be in the money because the option will offer Mathew the right to purchase the stock for $15 but he will be able to sell it instantly for $20 which will gain his profit of $5. Here every options contract will be representing 100 stocks, therefore, the profit that he will actually earn will be $5 x 100 which will be equal to $500.

In case Mathew would pay $5.50 for the call, there wouldn’t be any possible profits that he would gain from making this trade because he would pay $550 which is $5.50x 100 shares just to trade one contract which will lead to him benefiting only $500 so as you can see he is actually losing $50. However, in spite of this, here the option is considered as in the money since when the option expires it will be worth $5. If the strike price of the option would have been $21, in this case, it would be out of the money and hence they will not be of any worth when they expire meaning it does not have intrinsic value.

Out of the money in a brief

A call option is said to be out of money when its strike price is more than the market price of the underlying security or put option has a strike price that is lower than the underlying security’s market price. There is no intrinsic value in out of the money, however, it has extrinsic value or time value.

Effects Of January On The Prices Of Shares

Effects Of January On The Prices Of Shares

The price of the stock is increased due the season which happens in the month of January is known as the “January Effect”. Typically by the analysts assign this rally to growth in purchasing and this is followed by a price drop that is bound to happen in the month of December. The price drop happens when traders who are engaged in gathering tax-loss to the capital profits got from realizing offset and it prompts a sell-off. Another way to explain this is, the traders who want to make investment make use of the money got at the end of the year as a bonus to buy assets and they are bought on the month that follows.

The January effect is just a theory and similar to the effects that are related to calendar they also recommend that the market as a whole are ineffective because if the market was effective it would make this effect imaginary in a natural manner. The mid caps and large caps are not much liquid in nature, the January effect appears to have an influence on small caps. Since the start of the 20th century, it has been suggested by the data that these classes of the asset have performed better than the complete market in January. It performed significantly well during the mid of January. This outstanding performance was noticed first in the year of 1942 by Sidney Wachtel who was an investment banker.

The pronouncing of this historical movement has become less over the latter-days of the year because it seems like the market has got adjusted to this. A lot of people are making use of tax-sheltered retirement plans because of which the January effect started getting less and less importance by the year 2016 since analysts feel that in this case the asset need not be sold at the end of the year as there will not be any tax loss.

Apart from gathering of tax-loss and purchasing it again and also investing bonus funds into the market, there is another explanation for the January effect which is related to the psychology of the investors. It is believed by the investors that January is the right month to start making an investment in programs or sometimes they consider that this will be their New Year’s resolution to start making investments for the sake of their future to be secured. You can make another resolution to learn trading cryptocurrency using this software and read this review.

Educate Yourself Before Beginning To Trade

Educate Yourself Before Beginning To Trade

We all aim for betterment in life. This may be in various streams such as career, living, earning, happiness etc. Amongst all these aims, better earning is one of the foremost aims that we all think of. Channelizing our savings into proper investment is something one must be careful of. If your goal is to earn or gain more money, then investing in the stock market is the best option you could think for. People ignore investing in this market considering the risk factor. It is true that this market is uncertain and there are some rough tides. However, once you understand the strategies of stock market then you are the winner.

Here are few points to consider before entering the house of stock market to enjoy your trading and investment.

  1. Due-diligence: The stock market isn’t something to be learned or understood in a day. There are various factors that rule the stock market. Trading without knowing the basics of the stock market could result in high loss/less return. Search engines such as Google, Yahoo etc., help us to gather millions of information about any subject that we are in need of. Start questioning yourself and try to understand the pre-requisites for trading in the stock market. Stocks are listed under exchanges established in the respective country for eg. In India, we have Bombay Stock Exchange and National Stock Exchange. Understanding the basic will give you a clear picture to trade efficiently and effectively in the stock market.
  2. Understand the Strategies: Try meeting professionals who carry on trade on a day-to-day basis. Action always speaks better than words. You will understand better when you do some practical work or visit someone doing it. This will help you to face the pros and cons and prepare you to handle the situations. Learn the basic terminology of trading such as bid, sell, put, call, beta etc. Even though there are brokers who could help and work for you, it is always better to get educated and understand the strategies of the stock market.
  3. Explore opportunities: By now, you would know the basics of stock market. As you are aware, there are various types of investments depending upon risk and return. Analyse the options available and diversify your portfolio by investing in different options available instead of relying on one investment. Recently, many people are investing in cryptocurrency market considering the return. More than 20 million traders are dealing in this market. Click here to know more about investing your money in cryptocurrency market.

Trading always travels with emotions which may be positive or negative. One has to educate oneself on the basic working of stock markets including the market trends before entering the ocean of stock market.