There’s no qualm apropos the decline and incline in the assess of money, nothing has been inexpensive since the invention of exchanging through money. Inflation is affecting every currency user, however saving is the best way to enhance your earnings and wealth. By trimming down on personal spending you could renovate your prosperity and budget, you can take a packed lunch to work, avoid the carwash costs, close pots while cooking to save energy, reduce subscription payments, reduce the temperature of your geyser and switching off electronics when necessary. This are some of the small things which affect our personal finances on a daily basis. The foremost things that could affect our prosperity and financial plans positively can also be handled such as review your insurance costs, checking your banking statements, paying bills on time, avoid debts, considering not using a credit card and evaluate your banking fees. Make a shopping list, and finally make a list of things that you think should not be included in your buying provisions.
Author Archives: Kaizer Makakole
Personal savings
Saving money is a matter of being able employee a surplus of income. It is not occasional to hear people say, ‘I would start saving if I could afford to save!’, what I mean to imply is the fact that saving literally depends on ones earnings. However the case, there always arises emergencies in one’s personal life which cause further delays in saving.
No one has ever found a single logical reason not to save, our personal desires play a fundamental roll. What we want, what we assume to be of need and that which motivates us could be changed in order to propel us to successful saving. Think of it this way, “shouldn’t a portion of your earnings be yours to keep?”, yes it should.
There are different methods of saving, Piggy bank, buying on discounts, buying from auctions, investing in mutual funds, investing in trust funds, buying bonds from a foreign or local bank and lastly right budgeting.
Stocks to invest in this 2021!
This year following mass vaccination, new opportunities will present themselves in the stock market. Especially for the commodity equities and the airline sector as the world returns to normal following the devastating catastrophe caused by coronavirus.
How to open a trading account?
First of all you will have to consider a brokerage firm. It is the initial step to trading financial instruments. A brokerage firm is an important intermediate for folks who are willing to exchange these securities, an intermediary who deals on your behalf through a stock exchange to sell and buy financial instruments. I ruminate XM Trading the best brokerage firm, personally it has worked wonders on my behalf since 2014. You will have to register your account by filling in an online form, verify your account by providing your personal identification documents and proof of your residential address because of financial regulatory rules. A link for registration is provided at the bottom of this blog post.
Xm trading does not have complexity and contractual catch-22 hidden meanings. However when dealing with money consider always to check the authenticity of a broker primarily by knowing the main registration office and make sure you read the contract of any broker before putting your money where your mouth is. While in the process of registration, consider low leverage ratios if you are a first time investor to minimise risk. Follow the link address below to register your account which can trade forex, commodities, metals and cryptocurrencies.
Joe Biden net worth: An estimated $9 million!
It is everyone’s interest to know U.S President Joe Biden’s wealth following the last Presidential Elect President Donald Trump (Business Insider, 2020), “the 77-year-old has touted himself as “Middle-Class Joe” for decades but he and his wife, Jill, have a net worth of $9 million, according to a Forbes estimate from July 2019.
According to business insider, “the couple’s fortune is mostly tied to public speaking engagements and book royalties, according to tax returns and financial disclosure released by the Biden campaign and published on the campaign’s website”, Joe Biden has indeed earned his living (2020). Presidents are most often under scrutiny for financial litigations.
References
Business Insider.2020. From ‘Middle-Class Joe’ to millionaire: Joe Biden is worth an estimated $9 million. Here’s a look at the lifestyle, finance, and real-estate portfolio of one of the leading Democratic presidential candidates.
The U.S presidential elections and economic policy.
Both the U.S presidential candidates of 2020 have big differences when it comes to economic policy,(Vecchio,2020) “while a Trump administration would likely continuation of lower tax rates, a Biden administration might bring about the end to trade wars”, the other seems to be socialist while the other appears to be capitalist. Perhaps U.S voters amidst the coronavirus and a bad economic condition are willing to elect a socialist candidate this year as the election race tightens.
Whether the financial markets have priced in the impact of the coronavirus amidst global central banks stimulus packages and quantitative easing remains a question. The U.S 2020 election will determine the direction of the economy and the markets, according to Vecchio “there may be some agreement in terms of trade or infrastructure, Trump and Biden diverge on nearly every other economic policy facet- from taxes, to jobs, to the coronavirus pandemic recovery itself”, all remain skeptical (2020). Trump is surely to open the economy if he is elected and as for Biden, the economy is likely to remain closed. A closed economy means a slow economic recovery and the continuation of the trade war also means the economy would not reach its full potential.
References
Christopher Vecchio.2020. Trump versus Biden policies overview Dailyfx
Coronavirus and Protectionism: “The biggest uncertainty in global financial markets”
The market is currently underpinned by coronavirus, it is not known how the virus could impact the global economy since no kind of treatment has been established. The U.S-China trade war has surely had a significant impact to the down turn in positive (bull) markets. A global recession could be eminent, the U.S stock market and bond yields have retreated from their all-time highs as there seems to be an economic cycle brewing. Global interest rate yields and equity earnings could drop to the lowest level since the 2008 financial crisis and global central banks could be forced to lower interest rates to help stimulate the economy. Oil and energy prices remain under pressure as global growth and demand slow down. As Sarkar said(a Thompson Reuters’ reporter), the outbreak has also significantly increased the chance Beijing doesn’t comply with all terms of a Jan 15 initial trade agreement signed with Washington, potentially reigniting a damaging trade war between the world’s two largest economies.
(Jiang and Goh, 2020) Doctors in Shanghai are using infusions of blood plasma from people who have recovered from the coronavirus to treat those battling the infection, reporting some encouraging preliminary results, a Chinese professor said on Monday. (Jiang and Goh, 2020) The coronavirus epidemic is believed to have originated in a seafood market in the central city of Wuhan, capital of Hebei province, and has so far killed 1770 people and infected more than 70 000 in mainland China. According to Jiang and Goh, Chinese scientists are testing two antiviral drugs and preliminary results are due in weeks.
(Koranyi, 2020) German economic growth will remain weak in the first quarter of 2020, weighed down by weak exports and coronavirus outbreak in China, the Bundesbank said in a regular economic report on Monday. It added the virus could disrupt global value chains and could lead to delivery bottlenecks for German companies. (Kihara and Leussink, 2020) Japan’s economy shrank at the fastest pace in almost six years in December quarter as a sales tax hit consumers and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity. According to Kihara and Leussink BOJ Governor Haruhiko Kuroda said the central Bank would consider additional easing if the coronavirus outbreak significantly threatened Japan’s economy and price trends, the Sankei newspaper reported on Monday. Kuroda told the Daily the outbreak was the ‘’biggest uncertainty for the economy.
The coronavirus epidemic seems to be under control for now although its spread cannot be underestimated. Blood plasma infusion and the antiviral drugs currently under testing are the best hopes to contain the virus. None the less there is hope that the outbreak could find a way of treatment in the very near future so that a global financial crisis, unemployment and deflation do not take a toll on the economy. (Sarkar, 2020) It is impossible to forecast the path of the virus, but it increases the chances the Federal Reserve will cut rates at least once more to provide some support to the economy.
References
Sarkar.” U.S economy to dodge coronavirus blow, but risks to Downside: Reuters poll” Reuters .20 February 2020
Kihara and Leussink.’’Japan on brink of recession as economy contracts, virus heightens risk’’ Reuters .17 February 2020
Koranyi.’’German growth to remain weak in first quarter as coronavirus hits: Bundesbank’’ Reuters .17 February 2020
Jiang and Goh.” Chinese doctors ’using plasma therapy’ on coronavirus patients’’ Reuters .17 February 2020
My First Blog Post
Be yourself; Everyone else is already taken.
— Oscar Wilde.
This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.
Kaizer Makakole's Blog 