High-net-worth individuals usually have several sources of revenue which necessitate tax planning strategies that are customized to them. Professional financial consultants help optimize income tax efficiency for such clients. They can make the best use of techniques like contributing maximum amounts into 401(k)s, IRAs and other tax-advantaged accounts, buying life insurance with appropriate ownership structures […]
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Cryptocurrency is a new form of money that uses encryption technology to securely verify transactions and make them private. There are over 1,600 different cryptocurrencies currently in existence and new ones continue to come online each day. These currencies do not rely on any central authority to manage their money supply and can be quickly […]
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As inflation becomes more challenging to combat, saving and investing through traditional means may become increasingly challenging. But even in times of inflation there may be opportunities to expand your wealth. TIPS and real estate can provide valuable protection from inflation while diversifying your portfolio by investing in different asset classes. Bonds inflation can quickly […]
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ETFs offer an excellent way to diversify your portfolio. They’re transparent, affordable and tax efficient. To purchase and trade ETFs, a brokerage account (whether traditional broker or robo-advisor) or existing investment account like your IRA or 401(k) will be necessary. After funding your account, search for ETFs using their ticker symbol. What are ETFs? ETFs […]
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With rapidly declining launch costs, more businesses are exploring space. Some ventures, like Amazon founder Jeff Bezos’ Starship rocket and satellites, aim to revolutionize space tourism, while others hope to mine asteroids for materials. These and other space activities can bring significant economic gains if conducted effectively, but their results won’t materialise instantly. Economic Benefits […]
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The 2007-2008 stock market crash is considered one of the worst in the history of the world’s financial markets. It caused billions of dollars to be lost, and thousands of investors lost their hard-earned money. The stock tickers ran hours behind because of heavy trading, resulting in a massive collapse. Today, there are many ways […]
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Using a Forex trading account management service can make your life a whole lot easier. While successful traders make trading sound simple, they actually spent years carving out a career, reading dozens of trading books, and failing many trading ideas along the way. Ultimately, they aim to make a positive return on their money. Whether […]
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Stock exchanges have grown tremendously in India over the years. This development has been attributed to various factors, including the growth of the corporate sector, the growth of mutual funds, merchant banking, and stock exchanges. In addition to these, the growth of the Indian stock market has also resulted in an increase in the number […]
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