Shutdown costs US economy $3 bln |
Russian experts estimated losses inflicted on the US economy by the longest ever shutdown. Remarkably, the US economy maintains the momentum, being the largest world’s economy despite a 35-day partial shutdown of the federal government. US GDP slightly eased a pace of growth in Q4 2018, undershooting the forecast by mere $3 billion. One can point out that it is wrong to assess overall damage through GDP data for the final quarter as the shutdown kicked off on December 22. Its fallout will be exposed later. The budget crisis is sure to trim GDP data for Q1 2019. The most negative forecast suggests that the shutdown has subtracted almost $8 billion. The resilient US economy is expected to recoup losses in the quarters to follow. However, $3 billion accounts for 0.02% of the projected GDP for the whole 2019. The US economy will never be able to regain that loss.
Interestingly, the US President endorsed a temporary budget. It means that the affected agencies, including the US State Department, the Commerce Department, and the Department of Homeland Security, are reopened, though the US President and Congress still cannot agree on funding for Trump’s main campaign pledge to build a security wall along the Mexican border. Nearly 800,000 federal employees were not paid for the five weeks of the shutdown. Besides, a lot of private contractors also were made idle. Nevertheless, Donald Trump decided to spent that $3 billion on the pay to federal employees, citing his respectful attitude to working people.
Read more: https://www.mt5.com/forex_humor/image/39910
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Метки: #forex_caricature |
Shutdown costs US economy $3 bln |
Russian experts estimated losses inflicted on the US economy by the longest ever shutdown. Remarkably, the US economy maintains the momentum, being the largest world’s economy despite a 35-day partial shutdown of the federal government. US GDP slightly eased a pace of growth in Q4 2018, undershooting the forecast by mere $3 billion. One can point out that it is wrong to assess overall damage through GDP data for the final quarter as the shutdown kicked off on December 22. Its fallout will be exposed later. The budget crisis is sure to trim GDP data for Q1 2019. The most negative forecast suggests that the shutdown has subtracted almost $8 billion. The resilient US economy is expected to recoup losses in the quarters to follow. However, $3 billion accounts for 0.02% of the projected GDP for the whole 2019. The US economy will never be able to regain that loss.
Interestingly, the US President endorsed a temporary budget. It means that the affected agencies, including the US State Department, the Commerce Department, and the Department of Homeland Security, are reopened, though the US President and Congress still cannot agree on funding for Trump’s main campaign pledge to build a security wall along the Mexican border. Nearly 800,000 federal employees were not paid for the five weeks of the shutdown. Besides, a lot of private contractors also were made idle. Nevertheless, Donald Trump decided to spent that $3 billion on the pay to federal employees, citing his respectful attitude to working people.
Read more: https://www.mt5.com/forex_humor/image/39910
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Метки: #forex_caricature |
Six ways to pay off a loan faster |
A loan is a convenient but dangerous thing. On the one hand, you can immediately get the needed amount of money for a large purchase or investment; on the other hand, you start depending on monthly payments. And, of course, you always have to give more than you got, even taking into account inflation. In our article we offer several ways to repay a loan faster.
There are many reasons to pay off a loan as soon as possible. Firstly, it saves money, and secondly, it gives a pleasant sense of security that allows you to make bolder financial decisions: you can change your job, invest in an interesting startup, and finally, take a break and go on vacation for a few months.
10% Rule
It is beneficial for banks to extend your loan for as long as possible, because they earn more on interest.
In this case, you can simply reduce the payment period if you pay each month 10% more than the prescribed amount. For example, instead of 10,000 thousand you can pay 11,000. Most likely, such an overpayment will not greatly affect your budget, but as a result it will allow you to repay a loan several months earlier reducing the amount of interest payments the bank expected.
If you have multiple loans, start applying the 10% rule for the smallest of them. For example, firstly, you can pay off your credit card debt, then a car loan, and finally a mortgage.
Pay several times
The basic principle is similar to the previous method: to quickly repay a loan, you need to pay more money. Only instead of 10%, you should pay additional money you got, not your salary. For example, you can use a holiday gift, bonuses or one-time earnings.
Instead of just spending extra money, it is better to pay off loans in order to get rid of monthly payments faster.
Plan your expenses
An additional income is not always a prerequisite for making unscheduled payments. Most likely, after a careful analysis of your financial situation, you will find that you can pay more if you get rid of some unnecessary spendings.
At the same time you do not have to give up essential goods but simply limit the mindless” (based on whims or emotions) purchase. It’s good to use the 24-hour rule for making decisions about any purchase.
It is recommended to keep an electronic (there are many applications) or a handwritten journal of all incomes and spendings in order to identify all non-mandatory expenses that can be avoided in favor of repaying the loan.
Save money
You shouldn't starve (only for the purposes of medical treatment) or give up medical assistance in order to free up additional funds, since in the long run this leads to irrecoverable losses. However, you should relinquish delicacies, buns and cakes in bakeries, coffee to go, entertainments, buying new fashion clothes. It will help you save a significant amount of money.
Maybe this is not very pleasant, but, firstly, most often it is even better for your health and will teach you to be more disciplined, and secondly, it is a temporary measure. You can promise yourself to regain small pleasures as soon as you get rid of all loans in order to motivate yourself more.
Additional income
If you do not want to limit yourself, then start earning more. You can master another part-time profession (design, copywriting, translation, photography, or audio and video montages) or open a small business in parallel with the main activity.
You sould use funds received from additional sources to repay loans faster. The indisputable advantage of this method is that over time this part-time job can turn into the full-time one, and you will start generating profit that you couldn’t even count on.
Refinance your loan
As the state financial regulator (the Central Bank) changes its policy (loan rate) over time, the terms of borrowing change accordingly.
Therefore, many financial institutions now have a refinancing program. Banks offer to take another loan to repay the previous one, and the conditions of a new loan are much more profitable.
Consider offers from different banks, and if you have a good credit history, you will most likely get a new loan with the best terms without any problems.
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Метки: #photo_news |
Six ways to pay off a loan faster |
A loan is a convenient but dangerous thing. On the one hand, you can immediately get the needed amount of money for a large purchase or investment; on the other hand, you start depending on monthly payments. And, of course, you always have to give more than you got, even taking into account inflation. In our article we offer several ways to repay a loan faster.
There are many reasons to pay off a loan as soon as possible. Firstly, it saves money, and secondly, it gives a pleasant sense of security that allows you to make bolder financial decisions: you can change your job, invest in an interesting startup, and finally, take a break and go on vacation for a few months.
10% Rule
It is beneficial for banks to extend your loan for as long as possible, because they earn more on interest.
In this case, you can simply reduce the payment period if you pay each month 10% more than the prescribed amount. For example, instead of 10,000 thousand you can pay 11,000. Most likely, such an overpayment will not greatly affect your budget, but as a result it will allow you to repay a loan several months earlier reducing the amount of interest payments the bank expected.
If you have multiple loans, start applying the 10% rule for the smallest of them. For example, firstly, you can pay off your credit card debt, then a car loan, and finally a mortgage.
Pay several times
The basic principle is similar to the previous method: to quickly repay a loan, you need to pay more money. Only instead of 10%, you should pay additional money you got, not your salary. For example, you can use a holiday gift, bonuses or one-time earnings.
Instead of just spending extra money, it is better to pay off loans in order to get rid of monthly payments faster.
Plan your expenses
An additional income is not always a prerequisite for making unscheduled payments. Most likely, after a careful analysis of your financial situation, you will find that you can pay more if you get rid of some unnecessary spendings.
At the same time you do not have to give up essential goods but simply limit the mindless” (based on whims or emotions) purchase. It’s good to use the 24-hour rule for making decisions about any purchase.
It is recommended to keep an electronic (there are many applications) or a handwritten journal of all incomes and spendings in order to identify all non-mandatory expenses that can be avoided in favor of repaying the loan.
Save money
You shouldn't starve (only for the purposes of medical treatment) or give up medical assistance in order to free up additional funds, since in the long run this leads to irrecoverable losses. However, you should relinquish delicacies, buns and cakes in bakeries, coffee to go, entertainments, buying new fashion clothes. It will help you save a significant amount of money.
Maybe this is not very pleasant, but, firstly, most often it is even better for your health and will teach you to be more disciplined, and secondly, it is a temporary measure. You can promise yourself to regain small pleasures as soon as you get rid of all loans in order to motivate yourself more.
Additional income
If you do not want to limit yourself, then start earning more. You can master another part-time profession (design, copywriting, translation, photography, or audio and video montages) or open a small business in parallel with the main activity.
You sould use funds received from additional sources to repay loans faster. The indisputable advantage of this method is that over time this part-time job can turn into the full-time one, and you will start generating profit that you couldn’t even count on.
Refinance your loan
As the state financial regulator (the Central Bank) changes its policy (loan rate) over time, the terms of borrowing change accordingly.
Therefore, many financial institutions now have a refinancing program. Banks offer to take another loan to repay the previous one, and the conditions of a new loan are much more profitable.
Consider offers from different banks, and if you have a good credit history, you will most likely get a new loan with the best terms without any problems.
|
Метки: #photo_news |
Chinese authorities to take more supportive measures to stop economic slowdown |
According to the statements of the Chinese authorities, in the first quarter of 2019, the country will make every effort to successfully achieve a good start for the economy. The authorities also announced the introduction of new stimulus measures to address the slowdown in GDP growth.
The country plans to strengthen monitoring of its economic situation and provide all measures to improve the economic policy, the National Development and Reform Commission (NDRC) of China said in the report.
Last year, the Chinese economic expansion slowed against the background of complex and long-term structural reforms which were aimed at a transition to a gradual and more sustainable growth of the country's economy.
The increased uncertainty around the short-term prospects of the Chinese economy was caused by the prolonged trade conflict with the United States. Premier of the State Council Li Keqiang noted that in 2018, the country had achieved its key economic targets, and the major challenge today was to ensure a good start for the economy in the first quarter of 2019 to establish conditions favorable for completing the full-year development targets.
This year, the Chinese authorities intend to increase budget expenditures and significantly reduce taxes and fees. Last week, Beijing was planning to lower its target GDP growth rate to 6-6.5 percent in 2019. Experts emphasize that the current growth rate is the slowest pace in the last 28 years. The National Development and Reform Commission of China notes that a top priority for the Government is to stabilize employment.
According to the Central Bank of China, the regulator is going to gradually adjust the monetary policy, resulting in more advanced, flexible, and targeted one.
Read more: https://www.mt5.com/forex_humor/image/39920
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Метки: #forex_caricature |
Five countries supporting cryptocurrency |
There is a number of countries in the world that actively support digital currencies. The authorities of these countries seek to create a favorable environment for the development of digital assets. We offer to get acquainted with such crypto friendly countries.
Switzerland
Experts consider Switzerland to be the most advanced country in terms of digital technologies. It claims to be called crypto nation. In connection with this, a so-called crypto valley was created in the city of Zug. It is an association which goal is to create a global blockchain system and cryptographic technologies. In addition to innovations in the blockchain industry, Switzerland is considered one of the leading countries in terms of successful implementation of ICO.
Japan
Experts believe Japan is one of the most digital friendly contries. The technological sphere is very developed here. Last year, Japan recognized virtual currencies as legal tender. According to the national media, investment in Bitcoin by the Japanese authorities amounts to huge sums. In April 2018, the Japan Virtual Currency Exchange Association (JVCEA) was established.
United Kingdom
The United Kingdom is considered one of the best crypto friendly countries, second only to Switzerland and Japan. This year, seven leading blockchain companies have united in a unique cryptocurrency organization called CryptoUK. It was created to avoid regulatory pressure from the authorities. The agency aims to make the UK a safe place for blockchain technology and digital projects. Increased attention is paid to the development of blockchain startups.
Netherlands
The netherlands is considered one of the countries open to innovations in the cryptosphere. This year, a Bitcoin embassy was created in the country, whose task is to popularize digital assets. The capital of the Netherlands, Amsterdam, has a reputation of the best European city for technology startups. In this case, the Dutch government does not seek to adjust the new class of assets under current legislation. The authorities of the Netherlands even developed their own cryptocurrency called De Nederlandsche Bank Coin (DNBCoin).
Denmark
Denmark is another European country with a favorable cryptocurrency environment. It introduced a zero tax on digital currencies which makes this state very attractive for crypto enthusiasts. After the adoption of the resolution that virtual currencies are not a means of payment, the National Bank of Denmark exempted digital assets from state regulation.
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Метки: #photo_news |
Foreign companies leave Russia |
Foreign businesses unable to face the harsh Russian realities continue to leave Russia rapidly. Enterprises are being closed down, capital is being moved out. The general situation is very frustrating. A large number of German companies notably stands out against this background. Statistically, 1.3 thousand German companies left the country for the entire period from the introduction of Western sanctions against Russia. This figure was announced by Wolfgang Buchele, Chairman of the German Committee on Eastern European Economic Relations.
Sanctions turned out to be useless for business and economy. Just five years ago, there were about six thousand companies with German capital in Russia. At present, their number is about 4,5 thousand. According to Buchele, the “key players” still remain and they are trying to conduct business under the current conditions, but the constant threat of new sanctions affects the overall business environment and investments in particular. Withdrawal of foreign business results in job cuts. It is particularly unfortunate when a foreign company is the main employer in the region. And apparently, the figure of 1.3 thousand German companies is far from the limit.
The Chairman of the Committee noted that “no one is interested in leaving Russia”, but the situation with further introduction of Washington's new sanctions is unpredictable. “The crisis in Ukraine is still not solved, unfortunately, and the relations between Russia and the EU get worse for a number of reasons,” he added.
Read more: https://www.mt5.com/forex_humor/image/40045
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Метки: #forex_caricature |
Lifehack: how to waste money |
Often, trying to earn or save money, we, on the contrary, spend, and much more than we planned. Instead of investing money or learning new skills, we are looking for ways to spend them "successfully". Discounts, great deals, mass sales are very promising ways to throw money down the drain. Our today's review is a peculiar collection of bad advice.
Many people do not listen to advice, especially instructive and useful. We offer to challenge our recommendations. The topic is how to spend money quickly and inefficiently. Either it is better not to do it. Let's consider pros and cons together.
Cheaper
One of the "best" methods of saving is to stop buying high-quality expensive things replacing them by their cheap counterparts.
But the method has drawbacks: inexpensive things quickly go bad, they are inconvenient, do not deliver any joy, but, of course, they are cheap.
They say that the miser pays twice, in reality - three times and even more. In the long run, buying inexpensive things leads to constant spending.
The only reasonable way to save money is to look for a high-quality product, the cost of which does not include advertising, margins of sellers and so on. In other words, do not overpay for the brand, unless image attractiveness is important to you.
Discounts
Discounts at first glance seem to be a good way to cut costs but often turn out to be just a marketing ploy that provokes spontaneous emotional purchases.
Therefore, if you want to spend money just like that, go to the store and choose the goods with the biggest discount. To get additional joy from such shopping, after purchase, check how much these (and similar) products cost on the Internet.
In addition to money, include in the price the time spent going shopping and choosing the most "attractive" offers.
Sales
Seasonal sales, as a rule, promise 50-90% discounts on all products and long lines in which you can have a good time and even meet interesting people.
It is difficult to resist such a temptation. In addition, shop owners simply need to make room for new clothing collections, so you just help them develop the business environment.
Unfortunately, during sales there is a risk to not stay within your planned budget by buying something not very necessary, for example, boots instead of a coat or hat, a new wallet, a jacket and glasses. But you can then give them as gifts to friends and relatives for holidays.
Eat it while hot
People often say: take what you can get. A determined person acts instantly, if you think for a long time weighing all pros and cons, someone else will come and buy everything.
It is impossible to get real pleasure from shopping, if you spend days and weeks trying to understand whether you need this or that thing. Buy it, and only after that think about it. If you do not like it, you can always sell it, and maybe even at a greater price.
In addition, the larger the amount spent, the more adrenaline you get.
Tethered sheep soon starves
With an empty stomach, it is easier to go shopping, especially to grocery stores. Hunger improves the sense of smell and sharpens your vision, so there is a high probability of finding an interesting product that you haven’t even paid attention to before.
Marketers and merchandisers also made sure that the right chocolate is always at hand. They kno how to do their job and get good salary for it.
If you follow the shopping list, you can skip something interesting. It is impossible to take into account everything and, of course, it is impossible to know in advance what product sells at a discount today. Spontaneous and hungry shopping trips will always help your wallet lose weight.
Don't hide your money
Overly cautious people have special accounts to accumulate savings. Moreover, if you withdraw the amount from such a deposit, a large part of the interest profit will be lost which helps you to accumulate funds and resist the temptations.
In addition, financial advisers recommend creating emergency reserves, special kind of funds that help to survive periods of financial turmoil.
Naturally, this kind of advice makes it impossible for us to go through the thrill. Stressful situations not only help adrenaline release but also develop the imagination. It is a pity that nervous cells are never restored, and gray hair can even suits you well.
|
Метки: #photo_news |
Global trade war leads to Apple’s massive losses |
For the first time in ten years, Apple’s revenue decreased which coincided with the ongoing trade war between the United States and China. This coincidence is not accidental, as the lingering conflict between two world’s biggest economies had an adverse impact on the company’s performance. Reportedly, the total revenue of the technological giant shed 4.5% in the first quarter of 2019 in yearly terms and came in at USD 84.3 billion. At the same time, the profits declined from USD 20.06 billion to USD 19.97 billion. So, what is the reason behind deterioration of these statistics? The answer is simple: it is a rapid fall in sales in China. On a yearly basis, the profits in the Chinese market plunged by USD 5 billion to USD 13.17 billion. The company’s management is doing its best to solve this problem as soon as possible. Currently, Apple products are too expensive for consumers in some regions due to a difference in exchange rates. Prices are creeping up along with the rising US dollar. As a priority measure, Apple CEO Tim Cook outlined possible price cuts for some of the flagship iPhone models in the countries where the national currencies significantly depreciated against the US dollar. Mr. Cook did not specify what these countries are, but presumably he was talking about Russia, Turkey, Brazil, and China. Besides the large-scale trade war, court disputes also dent a rise in revenues. Late last year, the court banned Apple from selling old iPhone models, 6S, 6S Plus, 7, 7 Plus, 8, 8 Plus, and X, in China. The suit was filed by chipmaker Qualcomm that accused Apple of patent infringement.
Read more: https://www.mt5.com/forex_humor/image/39972
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Метки: #forex_caricature |
Five companies with high dividends in Warren Buffett portfolio |
One of the key factors in assessing the financial condition of a company is a systematic dividend increase. Overall, the widely followed Berkshire Hathaway investment portfolio shows Warren Buffett knows the value of a consistent and growing dividend, even if he's no fan of paying dividends himself. Let's consider the largest of them.
Dividends paid to shareholders reduce the size of capitalization, while not always directly correlated with the value of shares, but the size of dividend yield makes the company attractive for investment. In our review, you will find five companies with high dividends from the portfolio of the legendary Oracle of Omaha (Warren Buffett).
1. KRAFT HEINS
The American food company, Kraft Heinz, which produces food and beverages, is one of the largest firms in terms of market capitalization owned by Berkshire Hathaway.
Kraft Heinz's dividend payout is $2.50 per year, and dividend yield is 5.16 percent.
The dividend growth rate over the last 3-5 years totals about 9 percent, the dividend stability factor (on a scale from zero (most stable) to 99 (most volatile)) over the same period is estimated at 15.
Since the beginning of the year, the value of the company's shares fell by 40.33 percent. As of the end of the third quarter of 2018, Berkshire Hathaway owns 325.6 million shares of Kraft Heinz.
2. STORE CAPITAL
A real estate investment trust or REIT, Store Capital invests in single-tenant commercial properties, such as supermarkets and drugstores.
Dividend payout of STORE Capital is estimated at $1.32 per year, dividend yield is 4.29 percent.
The dividend growth rate over the last 3-5 years reached 9 percent, the dividend stability factor (on a scale from zero (most stable) to 99 (most volatile)) for the same period is 4.
Since the beginning of the year, the value of the company's shares increased by 18.97 percent. As of the end of the third quarter of 2018, Berkshire Hathaway owns 18.6 million shares of STORE Capital Corporation.
3. GENERAL MOTORS
The largest American automobile corporation, General Motors is considered the largest car manufacturer in the world for 77 years. The automaker's new mobility bets now include electric bicycles, in addition to electric cars and self-driving cars. But for now, GM earnings that drive dividends are coming from gas-guzzling SUVs and trucks.
GM's dividend payout is $1.52 per year, and dividend yield is 4.33 percent.
The dividend growth rate over the last 3-5 years reaches 6 percent, the dividend stability factor (on a scale from zero (most stable) to 99 (most volatile)) for the same period is 5.
Since the beginning of the year, the value of the company's shares decreased by 14.29 percent. As of the end of the third quarter of 2018, Berkshire Hathaway owns 52.5 million shares of General Motors, while the company's share was increased by 1.1 million securities.
4. TEVA
The multinational pharmaceutical company Teva Pharmaceutical Industries was included in the Berkshire Hathaway portfolio in the fourth quarter of 2017. Teva shares were bought at $10.85 per share. Their value has more than doubled since then.
Teva's dividend payout is $0.94, dividend yield is 4.3 percent.
The dividend growth rate over the last 3-5 years is estimated at about 1 percent, while the dividend stability factor (on a scale from zero (most stable) to 99 (most volatile)) for the same period is 14.
Since the beginning of the year, the value of the company's shares fell by 0.81 percent. As of the end of the third quarter of 2018, Berkshire Hathaway owns 43.2 million shares of Teva Pharmaceutical Industries.
5. VERIZON
The American telecommunications corporation, Verizon Communications, which derives the bulk of its profits from providing wireless services, is currently launching 5G mobile networks. The new technology will be used to exchange data between unmanned vehicles.
Verizon's dividend payout is $2.41 per year, with a dividend yield of 4.22 percent.
The dividend growth rate over the last 3-5 years totals about 3 percent, while the dividend stability factor (on a scale from zero (most stable) to 99 (most volatile)) over the same period is 0.
Since the beginning of the year, the value of the company's shares increased by 8.37 percent. As of the end of the third quarter of 2018, Berkshire Hathaway owns 928 shares of Verizon Communications.
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Метки: #photo_news |
Без заголовка |
Chinese authorities to take more supportive measures to stop economic slowdown
According to the statements of the Chinese authorities, in the first quarter of 2019, the country will make every effort to successfully achieve a good start for the economy. The authorities also announced the introduction of new stimulus measures to address the slowdown in GDP growth.
The country plans to strengthen monitoring of its economic situation and provide all measures to improve the economic policy, the National Development and Reform Commission (NDRC) of China said in the report.
Last year, the Chinese economic expansion slowed against the background of complex and long-term structural reforms which were aimed at a transition to a gradual and more sustainable growth of the country's economy.
The increased uncertainty around the short-term prospects of the Chinese economy was caused by the prolonged trade conflict with the United States. Premier of the State Council Li Keqiang noted that in 2018, the country had achieved its key economic targets, and the major challenge today was to ensure a good start for the economy in the first quarter of 2019 to establish conditions favorable for completing the full-year development targets.
This year, the Chinese authorities intend to increase budget expenditures and significantly reduce taxes and fees. Last week, Beijing was planning to lower its target GDP growth rate to 6-6.5 percent in 2019. Experts emphasize that the current growth rate is the slowest pace in the last 28 years. The National Development and Reform Commission of China notes that a top priority for the Government is to stabilize employment.
According to the Central Bank of China, the regulator is going to gradually adjust the monetary policy, resulting in more advanced, flexible, and targeted one.
Read more: https://www.mt5.com/forex_humor/image/39920
|
Метки: #forex_caricature |
Lifehack: how to waste money |
Often, trying to earn or save money, we, on the contrary, spend, and much more than we planned. Instead of investing money or learning new skills, we are looking for ways to spend them "successfully". Discounts, great deals, mass sales are very promising ways to throw money down the drain. Our today's review is a peculiar collection of bad advice.
Many people do not listen to advice, especially instructive and useful. We offer to challenge our recommendations. The topic is how to spend money quickly and inefficiently. Either it is better not to do it. Let's consider pros and cons together.
Cheaper
One of the "best" methods of saving is to stop buying high-quality expensive things replacing them by their cheap counterparts.
But the method has drawbacks: inexpensive things quickly go bad, they are inconvenient, do not deliver any joy, but, of course, they are cheap.
They say that the miser pays twice, in reality - three times and even more. In the long run, buying inexpensive things leads to constant spending.
The only reasonable way to save money is to look for a high-quality product, the cost of which does not include advertising, margins of sellers and so on. In other words, do not overpay for the brand, unless image attractiveness is important to you.
Discounts
Discounts at first glance seem to be a good way to cut costs but often turn out to be just a marketing ploy that provokes spontaneous emotional purchases.
Therefore, if you want to spend money just like that, go to the store and choose the goods with the biggest discount. To get additional joy from such shopping, after purchase, check how much these (and similar) products cost on the Internet.
In addition to money, include in the price the time spent going shopping and choosing the most "attractive" offers.
Sales
Seasonal sales, as a rule, promise 50-90% discounts on all products and long lines in which you can have a good time and even meet interesting people.
It is difficult to resist such a temptation. In addition, shop owners simply need to make room for new clothing collections, so you just help them develop the business environment.
Unfortunately, during sales there is a risk to not stay within your planned budget by buying something not very necessary, for example, boots instead of a coat or hat, a new wallet, a jacket and glasses. But you can then give them as gifts to friends and relatives for holidays.
Eat it while hot
People often say: take what you can get. A determined person acts instantly, if you think for a long time weighing all pros and cons, someone else will come and buy everything.
It is impossible to get real pleasure from shopping, if you spend days and weeks trying to understand whether you need this or that thing. Buy it, and only after that think about it. If you do not like it, you can always sell it, and maybe even at a greater price.
In addition, the larger the amount spent, the more adrenaline you get.
Tethered sheep soon starves
With an empty stomach, it is easier to go shopping, especially to grocery stores. Hunger improves the sense of smell and sharpens your vision, so there is a high probability of finding an interesting product that you haven’t even paid attention to before.
Marketers and merchandisers also made sure that the right chocolate is always at hand. They kno how to do their job and get good salary for it.
If you follow the shopping list, you can skip something interesting. It is impossible to take into account everything and, of course, it is impossible to know in advance what product sells at a discount today. Spontaneous and hungry shopping trips will always help your wallet lose weight.
Don't hide your money
Overly cautious people have special accounts to accumulate savings. Moreover, if you withdraw the amount from such a deposit, a large part of the interest profit will be lost which helps you to accumulate funds and resist the temptations.
In addition, financial advisers recommend creating emergency reserves, special kind of funds that help to survive periods of financial turmoil.
Naturally, this kind of advice makes it impossible for us to go through the thrill. Stressful situations not only help adrenaline release but also develop the imagination. It is a pity that nervous cells are never restored, and gray hair can even suits you well.
|
Метки: #photo_news |
UBS earnings miss expectations |
According to the financial report of the UBS Swiss bank, its pre-tax profit amounted to $690 million in the fourth quarter of 2018, missing analysts’ expectations. UBS believes that a decline was caused by an outflow of funds in its flagship wealth management business and a slide in investment bank earnings. On an adjusted basis, the bank generated $862 million in fourth-quarter pre-tax earnings, while analysts, on average, forecast a revenue of $1.038 million.
UBS full-year net profit rose to $4.897 billion from $969 million in 2017. Many economists expected a net profit of $4.906 billion for 2018.
Bank’s management proposed a dividend of 0.70 Swiss francs for the past year, compared with 0.65 Swiss francs in 2017. This year, UBS intends to buy back up to $1 billion in shares.
Read more: https://www.mt5.com/forex_humor/image/39856
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Метки: #forex_caricature |
UBS earnings miss expectations |
According to the financial report of the UBS Swiss bank, its pre-tax profit amounted to $690 million in the fourth quarter of 2018, missing analysts’ expectations. UBS believes that a decline was caused by an outflow of funds in its flagship wealth management business and a slide in investment bank earnings. On an adjusted basis, the bank generated $862 million in fourth-quarter pre-tax earnings, while analysts, on average, forecast a revenue of $1.038 million.
UBS full-year net profit rose to $4.897 billion from $969 million in 2017. Many economists expected a net profit of $4.906 billion for 2018.
Bank’s management proposed a dividend of 0.70 Swiss francs for the past year, compared with 0.65 Swiss francs in 2017. This year, UBS intends to buy back up to $1 billion in shares.
Read more: https://www.mt5.com/forex_humor/image/39856
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Метки: #forex_caricature |
Five most expensive gold coins in the world |
Specialists dealing with precious metals offer to pay attention to five gold coins which are recognized as the most expensive. They beat world records in term of price, but experts are confident that such a cost is fair.
According to experts of the precious metals market, the list of the most expensive gold coins in the world should contain only those of them that were sold at least once. However, the Australian Red Kangaroo coin is recognized the most expensive on the planet and at the same time the largest one. Its diameter reaches 80 cm, and it weighs 1 ton. It never changed the owner and is considered an exhibit.
Double Eagle (1933)
Price: $7.59 million
The leading position in this rating is occupied by the 1933 Double Eagle coin. In 1933, the US government imposed a ban on the possession of gold for all citizens of the country. It also related to gold coins, although Double Eagle was already ready for release. Coins were melted down, but some of them were saved. The exact number of untouched Double Eagle coins is unknown. In 2002, at the Sothebys auction, one coin was sold for $7.59 million 20 cents.
Brasher Doubloon (1787)
Price: $7.4 million
The second place in the list of the most expensive coins is taken by Brasher Doubloon. This is a gold coin bought by a large Wall Street investment company in 2011. It was sold by $7.4 million. The coin received its name on behalf of jeweler Ephraim Brasher, who lived in New York in the 18th century. He is the creator of this valuable coin. Brasher Doubloon coins are considered very rare, there are only a few copies in the whole world.
South Africa's Single 9 pound (1898)
Price: $4 million
South Africa's Single 9 pound ranks third in the list of the most expensive gold coins. It was released in 1898, although 1899 is considered the actual year of minting. This was the period of the Anglo-Boer War. At that time, South Africa could not make the stamp with the date of 1899, and the authorities had to use the old one with the 1898 number. Later, the local mint started issuing coins with the right date. Coins of 1898 and 1899 years of release received the name 'Single 9'.
Umayyaden Dinar (UK)
Price: lb3.7 million
In 2011, the Morten & Eden auction house in London offered for sale an Arabic gold coin from the 8th century. It is called Umayyaden Dinar. The initial price for this lot ranged from lb300 thousand to lb400 thousand. However, by the end of the auction the cost of a unique coin with a mysterious history reached an impressive lb3.7 million.
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Метки: #photo_news |
Five most expensive gold coins in the world |
Specialists dealing with precious metals offer to pay attention to five gold coins which are recognized as the most expensive. They beat world records in term of price, but experts are confident that such a cost is fair.
According to experts of the precious metals market, the list of the most expensive gold coins in the world should contain only those of them that were sold at least once. However, the Australian Red Kangaroo coin is recognized the most expensive on the planet and at the same time the largest one. Its diameter reaches 80 cm, and it weighs 1 ton. It never changed the owner and is considered an exhibit.
Double Eagle (1933)
Price: $7.59 million
The leading position in this rating is occupied by the 1933 Double Eagle coin. In 1933, the US government imposed a ban on the possession of gold for all citizens of the country. It also related to gold coins, although Double Eagle was already ready for release. Coins were melted down, but some of them were saved. The exact number of untouched Double Eagle coins is unknown. In 2002, at the Sothebys auction, one coin was sold for $7.59 million 20 cents.
Brasher Doubloon (1787)
Price: $7.4 million
The second place in the list of the most expensive coins is taken by Brasher Doubloon. This is a gold coin bought by a large Wall Street investment company in 2011. It was sold by $7.4 million. The coin received its name on behalf of jeweler Ephraim Brasher, who lived in New York in the 18th century. He is the creator of this valuable coin. Brasher Doubloon coins are considered very rare, there are only a few copies in the whole world.
South Africa's Single 9 pound (1898)
Price: $4 million
South Africa's Single 9 pound ranks third in the list of the most expensive gold coins. It was released in 1898, although 1899 is considered the actual year of minting. This was the period of the Anglo-Boer War. At that time, South Africa could not make the stamp with the date of 1899, and the authorities had to use the old one with the 1898 number. Later, the local mint started issuing coins with the right date. Coins of 1898 and 1899 years of release received the name 'Single 9'.
Umayyaden Dinar (UK)
Price: lb3.7 million
In 2011, the Morten & Eden auction house in London offered for sale an Arabic gold coin from the 8th century. It is called Umayyaden Dinar. The initial price for this lot ranged from lb300 thousand to lb400 thousand. However, by the end of the auction the cost of a unique coin with a mysterious history reached an impressive lb3.7 million.
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Метки: #photo_news |
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Number of billionaires doubles over past decade
According to Oxfam’s International report, the number of billionaires in the world has doubled over the past decade. Last year, it amounted to 2,208 people. The world's billionaires are growing $2.5 billion richer every day, Oxfam noted.
Oxfam experts said that the figures presented in the report indicate a growing gap between the rich and poor. As stated by representatives of the organization, the combined fortune of the 26 richest individuals is equal to the total wealth of the poorest people who make up 50 percent of the world’s population. The report indicates that over the past two years, a new billionaire appeared every two days. At the same time, in 2018, the financial situation of 3.8 billion of the world's poorest people did not improve at all. During the reporting period, Jeff Bezos, the richest man and the owner of Amazon, saw his fortune increase to $112 billion. According to Oxfam, just 1 percent of this amount is equivalent to the whole health budget for Ethiopia.
Against all odds, the tax burden for the world's wealthiest citizens continues to decline. The maximum rate of personal income tax in rich countries fell from 62 percent in 1970 to just 38 percent in 2013. In developing countries, the average top rate of personal income tax is 28 percent. Assets of the owners of the largest fortunes, kept in offshore zones with a preferential tax regime, reach $7.6 trillion. Experts at Oxfam noted that this deprives developing countries of $170 billion. According to representatives of the organization, the current level of global economic inequality is abnormal.
Read more: https://www.mt5.com/forex_humor/image/39746
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Метки: #forex_caricature |
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Number of billionaires doubles over past decade
According to Oxfam’s International report, the number of billionaires in the world has doubled over the past decade. Last year, it amounted to 2,208 people. The world's billionaires are growing $2.5 billion richer every day, Oxfam noted.
Oxfam experts said that the figures presented in the report indicate a growing gap between the rich and poor. As stated by representatives of the organization, the combined fortune of the 26 richest individuals is equal to the total wealth of the poorest people who make up 50 percent of the world’s population. The report indicates that over the past two years, a new billionaire appeared every two days. At the same time, in 2018, the financial situation of 3.8 billion of the world's poorest people did not improve at all. During the reporting period, Jeff Bezos, the richest man and the owner of Amazon, saw his fortune increase to $112 billion. According to Oxfam, just 1 percent of this amount is equivalent to the whole health budget for Ethiopia.
Against all odds, the tax burden for the world's wealthiest citizens continues to decline. The maximum rate of personal income tax in rich countries fell from 62 percent in 1970 to just 38 percent in 2013. In developing countries, the average top rate of personal income tax is 28 percent. Assets of the owners of the largest fortunes, kept in offshore zones with a preferential tax regime, reach $7.6 trillion. Experts at Oxfam noted that this deprives developing countries of $170 billion. According to representatives of the organization, the current level of global economic inequality is abnormal.
Read more: https://www.mt5.com/forex_humor/image/39746
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Метки: #forex_caricature |
