Finance Archives | Mynewsfit https://mynewsfit.com/category/finance/ Trending News Updates! Fri, 23 Dec 2022 06:49:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.5 Day Trading 101: How to Get Started & What You Need to Know https://mynewsfit.com/day-trading-101-how-to-get-started-what-you-need-to-know/ https://mynewsfit.com/day-trading-101-how-to-get-started-what-you-need-to-know/#respond Thu, 15 Dec 2022 16:13:12 +0000 https://mynewsfit.com/?p=125936 What is Day Trading? Day trading is a risky investment strategy that involves buying and selling securities on a short-term basis to make profits. Day traders typically hold onto their…

The post <strong>Day Trading 101: How to Get Started & What You Need to Know</strong> appeared first on Mynewsfit.

]]>
What is Day Trading?

Day trading is a risky investment strategy that involves buying and selling securities on a short-term basis to make profits. Day traders typically hold onto their securities for only a few days before selling them, hoping to achieve a higher price at which they can sell them and make a profit.

Trading Index Options

To trade Index options, you first need to find an options market where the underlying asset is sold. There are several options markets available, including: 

The CBOE Volatility Index (VIX) Options Market:

The CBOE Volatility Index (VIX) is a measure of market volatility. The VIX is a derivative of the S&P 500 stock index and is designed to track movements in the underlying index.

The Nasdaq Options Market:

The Nasdaq 100 stock index options market allows you to buy or sell contracts that give you the liberty, but not the duty, to purchase or sell a specified number of shares of the Nasdaq 100 stock at an agreed cost on or before a given future date. 

The Standard & Poor’s 500 Index Options Market:

The Standard & Poor’s 500 stock index options market allows you to buy or sell contracts that give you the liberty, but not the responsibility, to purchase or sell a specified number of shares of the Standard & Poor’s 500 stock at an agreed expense on or before a given future date. There are two preliminary ways to trade this index: the SPY or the SPX. As a trader, you should know the spx vs spy options.

The Different Types of Day Trading

There are three main types of day trading:

Swing trading 

Swing trading is the most common type of day trading, and it involves buying and selling stocks or commodities within a narrow range of prices. You’ll usually use indicators to help you identify good entry and exit points, and you may also use stop-losses to protect your profits.

Technical analysis 

Technical analysis is a more advanced form of day trading that focuses on analyzing price charts to find trends and signals. You may also use indicators to help you determine when to buy or sell stocks or commodities.

Fundamental analysis

Fundamental analysis is the method used to analyze a company’s financial statements to determine its underlying worth. You may use debt-to-equity ratios and net income to calculate a company’s valuation.

Step-By-Step Day Trading Overview 

Step 1: Decide What You’re Investing In

Before you start day trading, you’ll need to decide what kind of investments you want to focus on. You can trade stocks, options, or commodities. Each has its own set of risks and rewards.

Step 2: Create a Trading Plan

Create a trading plan based on your goals and risk tolerance. This will help you stay disciplined while day trading and help you make good decisions throughout your trades.

Step 3: Set Up Your Trading Account

Some exchanges require traders to submit their orders at specific times to get better prices (known as ‘time-of-day’ trading). If you’re uncomfortable with time-of-day trading, consider investing in a margin account, so you have more room to make trades without risking your entire investment.

Step 4: Conduct Your Research

Before making any trades, it’s essential to research and understand the fundamentals of the company you’re investing in. Investing in stocks is all about risk and reward, so it’s necessary to be well informed before making a decision.

Step 5: Make a Trade

After you’ve researched the stock, decided, and set up your trading plan, it’s time to make a trade. Day traders often use ‘limit orders, which let them buy or sell stocks at a set price without waiting for the market to open.

The Tools You’ll Need to Start Trading

A computer with a fast internet connection: 

Trading is all about speed and accuracy, so you’ll need a computer with a fast internet connection to carry out your trades quickly.

An account with a broker:

 Before you start trading, you’ll need an account with a broker. This is where your funds will be placed while you’re trading.

A trading platform: 

You’ll need a suitable platform that will allow you to research stocks and analyze historical data to make informed decisions about which stocks to buy or sell.

Benefits of Day Trading

Day trading has many benefits, including the potential for high returns and the opportunity to make quick and profitable trades. Here are four reasons why you should consider day trading:

You can make a lot of money

One of the biggest attractions is the potential for high returns on day trading. With average profits of more than 50% in some cases, it’s possible to make a significant amount of money with a relatively small investment.

It’s fast and easy

Day trading is fast and easy; you can make trades quickly and without fuss. This means that you can get into and out of positions quickly and keep your portfolio balanced while you’re doing so.

It’s flexible

You can trade whatever securities you want, whenever you want. This means you can take advantage of opportunities in stocks, futures, commodities, or other markets, whatever catches your eye.

Conclusion

If you’re interested in day trading, there’s much to learn before you start. Before getting too deep into the weeds, it’s important to remember that day trading is risky, so be sure to do your research and understand the risks involved before making any decisions. The more informed you are, the better! 

The post <strong>Day Trading 101: How to Get Started & What You Need to Know</strong> appeared first on Mynewsfit.

]]>
https://mynewsfit.com/day-trading-101-how-to-get-started-what-you-need-to-know/feed/ 0
How to checkout for WestStein purchases https://mynewsfit.com/how-to-checkout-for-weststein-purchases/ https://mynewsfit.com/how-to-checkout-for-weststein-purchases/#respond Wed, 14 Dec 2022 17:58:57 +0000 https://mynewsfit.com/?p=125897 Today, everyone has access to a convenient and functional virtual card for shopping on the Internet, which can be issued literally in a matter of minutes. Benefits of a virtual…

The post How to checkout for WestStein purchases appeared first on Mynewsfit.

]]>
Today, everyone has access to a convenient and functional virtual card for shopping on the Internet, which can be issued literally in a matter of minutes.

Benefits of a virtual card

A functional shopping card will allow you to fully automate all expenses, which will save you money and your time.

An online shopping card allows you to make online purchases much faster. Using a separate card will also allow you to increase the level of convenience when ordering goods online.

The extensive functionality that the best card for online shopping has will help you better control your expenses. Thus, you will save money and be able to systematize expenses.

You can apply for a card for online purchases in a matter of minutes. You must first register using the link, and then verify the account, receiving your card as a result. Filling in the information takes a few minutes, because in order to issue a shopping card, you only need basic information and your current contact details.

Information about your card can be found in the “Cards” section of the portal designed for customers or in a functional mobile application. The application will allow you to easily manage finances at any time of the day. No matter where you are, you can manage payments. Payment history is also available in the app, so you can regularly monitor and adjust your budget. The application is available in the AppStore and GooglePlay.

Benefits of an online card

The WestStein virtual card has a number of advantages that you will appreciate literally from the first days of use. For example, this virtual card for shopping is accepted almost all over the world – you can pay with a card in more than 30 million stores.

The WestStein Prepaid Card will help you make contactless or PIN payments. A cash withdrawal service is also available, this can be done at more than two million ATMs around the world.

Our virtual MasterCard allows you to manage your budget more intelligently, control and plan all expenses. You will appreciate the savings in the long run.

You can order a Mastercard prepaid card for daily spending or to stay within your budget when traveling. Also, the card for online purchases guarantees a high level of security, so that the risk of losing personal funds is reduced to zero.

The post How to checkout for WestStein purchases appeared first on Mynewsfit.

]]>
https://mynewsfit.com/how-to-checkout-for-weststein-purchases/feed/ 0
Best Mutual Funds For Lumpsum Investment (Basis 3 Year CAGR) https://mynewsfit.com/best-mutual-funds-for-lumpsum-investment-basis-3-year-cagr/ https://mynewsfit.com/best-mutual-funds-for-lumpsum-investment-basis-3-year-cagr/#respond Tue, 13 Dec 2022 17:20:58 +0000 https://mynewsfit.com/?p=125817 Investment has become a significant aspect of a person’s life. People are finding ways to make money around the clock, whether it’s through the submission of videos to internet platforms…

The post <strong>Best Mutual Funds For Lumpsum Investment (Basis 3 Year CAGR)</strong> appeared first on Mynewsfit.

]]>
Investment has become a significant aspect of a person’s life. People are finding ways to make money around the clock, whether it’s through the submission of videos to internet platforms that receive millions of views, or just by placing their money in the right financial security. However, you will need the proper knowledge to position your money where it will provide the most passive income. This article will not only direct you in the direction of such resources, but it will also instruct you on the subject of the Best Mutual Funds for Lumpsum Investment in 2022, allowing you to get the best possible outcomes in accordance with your specific investment aims.

What Is A Mutual Fund?

In layman’s terms, a Mutual Fund is a sort of organisation that pools money from multiple people/investors that have a common investment goal and invests it in various financial products such as stocks and bonds. A SIP (Systematic Investment Plan) or Lumpsum are the most typical ways to invest in it. In a lumpsum mutual fund, you invest the full amount in a single payment at a specific time, as opposed to several little sums over time in a SIP.

Mutual funds are managed by professional fund managers, who charge a Management Expense (also known as an Expense Ratio) of 1-3% of your entire investment to help you earn more. Mutual funds are an excellent kind of investment since they provide investors with several benefits such as liquidity, diversification, and expert management.

What Is Lumpsum Mutual Fund Investment?

Mutual fund investments can be made either in a lump sum or through a Systematic Investment Plan (SIP). In a mutual fund, an investor makes a one-time, lump-sum contribution that is held for the duration of the fund. For those who can commit to a 10-year investing horizon and have some familiarity with the market, a lump sum investment in a Mutual Fund could be the best option. Investing a lump sum amount has its benefits and drawbacks, despite the fact that systematic investment plans (SIPs) for mutual funds are preferable since they do not reduce cash flow suddenly. Before putting money into a mutual fund, it’s important to complete your research on the fund’s holdings and performance in both up and down markets.

Best Mutual Funds For Lumpsum Investment 2022 (Basis 3-year Returns)

Fund Name1Y Returns3Y Returns
Quant Infrastructure Growth Direct Plan13.85%56.01%
Quant Tax Growth Direct Plan19.26%42.55%
Bank Of India Small Cap Growth Direct Plan18.33%42.28%
Canara Robeco Small Cap Growth Direct Plan7.42%41.80%
Quant Flexi Cap Growth Direct Plan14.69%41.53%
Quant Mid Cap Growth Direct Plan15.30%39.65%
PGIM India Midcap Opportunities Growth Direct Pl21.25%39.45%

Since lump sum investments need a substantial amount and are believed to provide good long-term returns, investing in large cap equity funds is also regarded as a secure investment.

Large cap funds with the highest three-year returns are IDBI India Top 100 Equity Growth Direct Plan, Canara Robeco Bluechip Equity Fund and Nippon India Large Cap Bonus Growth.

Factors to Consider Before Investing in the Best Lumpsum Mutual Fund Investment

Investing A Significant Amount Of Money

If you prefer to invest in lump sum amounts, you can invest a substantial quantity in mutual funds. As a result, as the market expands, so does the value of the investment.

This Is The Best Long-term Investment Option

If you can save a lump sum of money for a longer length of time, say five years or more, investing in mutual funds is a better alternative; moreover, if you can hold it for a decade, the rewards will be significant.

Market Forecasts

Investing your lump-sum cash in mutual funds when market conditions are at their lowest but show signs of progress and future growth is known as the best time to make the most money as an investor; however, lump-sum investments in mutual funds should be avoided if the market is excelling and maximising as you may find yourself in a losing situation.

Benefits Of Lumpsum Mutual Fund Investments

  • A one-time or lump sum investment is more convenient. An investor invests once, and in subsequent years, they do not need to worry about instalment deadlines or monthly savings to invest.
  • These schemes are suitable for financial objectives with a horizon of at least 10 years.
  • Mutual fund investments are made in the underlying assets. Long-term, these investments yield a greater return. The earlier an investment is made, the greater the return at maturity will be.

Disadvantages of Lumpsum Investing in Mutual Fund

  • The investing of a lump sum does not provide an individual with investment discipline. Once a sum has been invested, the investor may calm down, notwithstanding the possibility of keeping some money and reserving them for regular investments.
  • Due to the one-time nature of the transaction, an investor may not be able to capitalise on market swings. With consistent investments, an investor may mitigate the market’s fluctuations.
  • When a lump sum is invested, the money is locked for the specified lock-in time. In the event of an emergency, an investor may be left with no or limited choices for managing money or terminating a loan.

Conclusion

A lump sum amount is a huge quantity of money that should be invested carefully in the finest lump sum investment fund; mutual funds are an excellent alternative. However, it is advised to avoid investing a lump sum in an Equity Mutual Fund without completing extensive research, as the time of your investment has a considerable influence on the results due to the fluctuating price of stocks.

Nonetheless, each person has a unique thought process, taste, time horizon, risk tolerance, investing objective, and objective. Therefore, it is not rational nor acceptable to suggest a single Mutual Fund for lump-sum investments that would be suitable for everyone. Consequently, the above-mentioned best lump sum mutual funds are all excellent possibilities for investors and should be evaluated and compared in order to make an educated decision by picking the appropriate Mutual Fund based on one’s needs and objectives. Consequently, the best lump sum mutual fund for you in 2022 would be the one that matches your profile.

Keeping in mind your Investment Objective, Time Horizon, and Risk Tolerance, do not forget to analyse the following considerations prior to selecting the best mutual fund for lump sum investment in 2022:

Fund Performance, Net Asset Value, Expense Ratio / Management Expense, Exit Load, Asset Management Company (AMC) Track Record, Assets Under Management (AUM) of the scheme, and Fund Manager’s expertise.

The post <strong>Best Mutual Funds For Lumpsum Investment (Basis 3 Year CAGR)</strong> appeared first on Mynewsfit.

]]>
https://mynewsfit.com/best-mutual-funds-for-lumpsum-investment-basis-3-year-cagr/feed/ 0
How to Cut Down on Home Energy Usage and Save Money https://mynewsfit.com/how-to-cut-down-on-home-energy-usage-and-save-money/ https://mynewsfit.com/how-to-cut-down-on-home-energy-usage-and-save-money/#respond Mon, 12 Dec 2022 06:24:00 +0000 https://mynewsfit.com/?p=126188 Reducing energy usage at home can save both energy and money. There are many simple, effective ways to cut back on both immediate and long-term energy costs. Here are some:…

The post How to Cut Down on Home Energy Usage and Save Money appeared first on Mynewsfit.

]]>
Reducing energy usage at home can save both energy and money. There are many simple, effective ways to cut back on both immediate and long-term energy costs. Here are some:

Invest in furnace service

Investing in indoor air quality services with regular furnace and air handler tune-ups from a professional will not only cut down on your home’s energy usage, saving you money on monthly utility bills, but it can also extend the lifespan of your furnace. Not only do regularly tuned indoor air quality systems improve the efficiency of your heating and cooling system. But they can also improve indoor air quality because filters and parts are cleaned and serviced to the manufacturer’s recommended service level. 

An indoor air quality professional will check the whole system to make sure all components are functioning properly. It is a wise investment that pays off in long-term savings both financially and health-wise.

Change out lightbulbs for LED or CFL bulbs

If you’re looking for a way to reduce your home energy usage and save money, start by making the switch to LED or CFL bulbs! These bulbs use 70-90% less wattage than standard bulbs, so you’ll see a decrease in your electricity bill right away. Additionally, they last up to 15 times longer, meaning you won’t have to invest money in replacements as often. 

Not only can this be helpful in stretching your budget each month, but it’s also good for the environment – win-win! What are you waiting for? Make the switch today and start saving energy and money.

Make sure electronics are unplugged when not in use 

One smart way to reduce your energy bill is to make sure that when you’re not using electronics like televisions and computers, they are completely unplugged. This is because when they are plugged into a power source they still use small amounts of electricity. By unplugging these items from the wall outlet when you’re done using them. Even when you’re away from home for extended periods of time, you can save yourself some money in the long run. 

Unplugging also reduces the chances of accidents due to electrical overload in your house. It may take some effort up front to remember to always unplug electronics when not in use, but doing so will both monetarily benefit you and make your home safer.

Aim to keep air conditioning and heat settings consistent 

Reducing energy usage in your home can have a big impact on your wallet and the environment. Try aim to keep air conditioning and heat settings consistent throughout the day; sudden adjustments may be convenient, but they often waste more energy than you think. You can adjust your thermostat and experiment with set points based on the time of day. 

This way, you will reduce your overall energy needs and save some money in the process! Beyond adjusting ambient temperatures. Other simple habits such as turning off the hot water cycle in dishwashers also help lower energy costs. Taking steps to regulate how much electricity you use can lead to not only cost savings, but also a cleaner and better environment for all.

Consider programs offering free or discounted insulation 

Saving energy and money in the home is an attractive proposition, especially for homeowners. It may be possible to benefit from free or discounted insulation, allowing you to keep your home cool during hot months and retain heat during cold winter spells. Over time, this investment will prove to be extremely beneficial – not just to the environment but also to your wallet. 

Keeping track of your energy usage and ensuring that your appliances are as efficient as possible can go a long way. In reducing costs while allowing you to do your part for the environment at the same time. Cutting down on energy usage is an easy win-win – so get started today and enjoy these benefits right away!

Add ceiling fans to help circulate air in cooler months

Installing ceiling fans can be a great way to save money on energy costs. Ceiling fans are incredibly efficient and are effective in helping circulate the air throughout a room. Allowing for better temperature regulation with the use of your heating or cooling system. With natural upward airflow during cold months, it can help reduce the amount of heated air near the ceiling. Allowing your heating system to work more efficiently so you won’t have to heat an area as much as you would without a fan. 

Not only that, but they come in many different shapes and sizes so they’ll look great aesthetically wherever you place them. The cost-savings associated with running a ceiling fan make it an easy investment to make in your home. If you’re trying to cut down energy usage while getting a bit of room decor out of it too.

Taking a few easy steps toward reducing energy usage will pay off both immediately and in the long run.

The post How to Cut Down on Home Energy Usage and Save Money appeared first on Mynewsfit.

]]>
https://mynewsfit.com/how-to-cut-down-on-home-energy-usage-and-save-money/feed/ 0
Looming Risk of Recession and Things to Avoid Right Now https://mynewsfit.com/looming-risk-of-recession-and-things-to-avoid-right-now/ https://mynewsfit.com/looming-risk-of-recession-and-things-to-avoid-right-now/#respond Fri, 09 Dec 2022 09:03:58 +0000 https://mynewsfit.com/?p=125621 There is a looming risk of recession and major central banks hiking the interest rate to control inflation. The world may be moving towards a global recession, and the strict…

The post Looming Risk of Recession and Things to Avoid Right Now appeared first on Mynewsfit.

]]>

There is a looming risk of recession and major central banks hiking the interest rate to control inflation. The world may be moving towards a global recession, and the strict Covid lockdown in China is acting as a catalyst. All major central banks are raising the interest rate to a degree it has not seen in the last five decades. Many experts believe that the current expected rate-rate increase trajectory is insufficient to bring global inflation back down to levels seen before the pandemic. It is a tough time, and there is something that you shouldn’t do during a recession.

  • Adjustable-Rate Mortgage- There is a better time to take an adjustable-rate mortgage. It may sound like a good option. Still, the interest rate falls during a recession and later rises as major economies improve. This means that an adjustable rate for a loan can be a terrible decision in the long run. While interest rates usually fall during a recession, qualifying for a loan can be difficult.
  • Taking New Debt- You should seriously avoid taking a new loan. The interest rate may increase as the economies move towards a possible recession. If the downturn comes, there will be a lot of risk in terms of jobs, and most jobs will get a salary cut, making it difficult for the person to pay the loan at that time. Adding debt could complicate your financial situation if your income declines.
  • Taking Your Job for Granted- The other thing that you must do is not take your job for granted. Even a large conglomerate can come under financial pressure during an economic slowdown and start layoffs. You must have seen the news of releases in Google, Apple, Meta, and other organisations. Jobs become vulnerable during a recession, so never take your job for granted.
  • Making Risky Investments- The other thing that you must avoid is risky investments. While you must think of your future and invest in ways to grow your income, an economic slowdown may not be the best time to make risky bets. It can be a good time to invest in SMSF bitcoin if the economy shows signs of a sustainable recovery.
  • Protect Your Investments- During a recession, all major indices and other investment options go for a free fall because of the less liquidity in the market. When there is a looming risk of recession, try getting out of the Equity, crypto and other needs to cut your losses. Try hedging your investment against less volatile assets such as real estate and other investments.

Wrapping Up

We are not suggesting that you start panicking about an economic slowdown, but you should pay attention while making big purchases. The risk of recession is evident, but this is the first time anyone has predicted a recession. Even during a significant economic downturn, you can take many positive steps to improve your income.

Book in a free consultation and chat with one of our SMSF experts? Contact us here (Self managed super cryptocurrency)

Disclaimer- This content should not be considered financial advice and is for educational or

informational purposes only.

The post Looming Risk of Recession and Things to Avoid Right Now appeared first on Mynewsfit.

]]>
https://mynewsfit.com/looming-risk-of-recession-and-things-to-avoid-right-now/feed/ 0
Quick Guide To Know About Sip – Types & Benefits Of Investing https://mynewsfit.com/quick-guide-to-know-about-sip-types-benefits-of-investing/ https://mynewsfit.com/quick-guide-to-know-about-sip-types-benefits-of-investing/#respond Mon, 05 Dec 2022 18:37:37 +0000 https://mynewsfit.com/?p=125456 Do you know what SIP means? If you are new to the investment world or if you are already a seasoned investor then you must have heard about SIP or…

The post Quick Guide To Know About Sip – Types & Benefits Of Investing appeared first on Mynewsfit.

]]>
Do you know what SIP means? If you are new to the investment world or if you are already a seasoned investor then you must have heard about SIP or Systematic Investment Plans. SIP means you can invest a little amount on a monthly basis in your favorite mutual fund scheme. By turning on a SIP, a certain sum is automatically taken out of your bank account each month and invested in the mutual fund of your choice.

SIP meaning, your investment is spread out over time as opposed to a flat payment. As a result, you don’t need a sizable sum of money to begin investing in mutual funds schemes.

How does SIP function?

Now that you know SIP meaning, you can see how it works. When you make a SIP investment in a mutual fund scheme, you buy a certain number of fund units equal to your investment amount. You also need to remember that SIP meaning, you will profit from both positive and negative market patterns, eliminating the need to time your investments.

You can buy more units when the markets are down and less units when the markets are up. Since all mutual funds’ NAVs are revised every day, the price of purchase may change from one SIP installment to the next. The cost of purchases eventually averages out and ends up being on the lower end. This practice is called rupee cost averaging. When you invest using the lump sum strategy, this advantage is not accessible.

Different types of SIP

It is important to know types of SIP to better understand SIP meaning. There are a total of four different types of SIP available:

  • Flexible SIP
  • Perpetual SIP
  • Trigger SIP
  • Top-up SIP
Sip

SIP means investing a specific amount of money every month in a mutual fund scheme of your choice.

Advantages of using SIP when it comes to investment

To clear the idea of SIP meaning, its advantages cannot be ignored.

Become a Disciplined Investor

SIP investing instills discipline in your approach to investing. If you earn a significant amount of money every month, it is possible that you won’t have any money left over at the end of the month if you can’t keep your spending under control and within a set budget.

However, SIP means you would be required to adhere to a disciplined investment regime if you opt for this specific investment plan. Knowing your costs can help you develop the habit of staying under your spending limit. You will first save a handsome amount of funds, keep them aside and then spend. If you structure your financial actions around this, saving money before you spend it, you will never experience financial difficulty since you are using a disciplined investing strategy like SIP.

Taste the power of compounding

The eighth wonder of the world is frequently referred to as the power of compounding. You must be wondering what this power of compounding truly entails at this point. For example, we can look at the portfolio of the world’s most successful investor Warren Buffet who initiated his investment journey when he was just 14 years old, but it wasn’t until he was 50 that his wealth began to increase rapidly.

Under the influence of compounding, you receive returns on both the invested capital and any profits. And in doing so, you’re able to accumulate a lot of wealth over time. For instance, let us assume that you have invested Rs 1 lakh in a mutual fund in a year and it has given you a 15% return over one year. This sum will thus total Rs. 1,15,000 at the year’s end. In the next year, your total investment will become Rs. 1,15,000 and you will receive returns based on that amount. The process will repeat every year if you continue to invest.

All of your expenses are averaged

Your fee is averaged out each time you make a SIP investment. The price of the equities moves in cycles. Sometimes the trend is negative, then it changes to bullish, and then it goes back to being bearish. The cycle proceeds in this manner.

As a result, if you regularly invest a certain amount in a SIP, you will receive more units for your investments during a weak market. The exact number of units allocated to your assets will be substantially fewer when the markets increase. In other words, you buy more units when the markets are falling and less units when the market is at its top condition. Your expense is averaged out in this manner.

If you invest in a SIP, you do not need to consider the ups and downs of the market cycle because the cost will be automatically averaged out. But before anything, it is important to know the SIP meaning.

To conclude

SIP has emerged as the preferred method of investing in mutual funds in recent years. More importantly, SIP means it can help you save money so that you can reach your financial objectives in the future without significantly straining your current financial situation. All you have to do is exercise due care when choosing the fund in line with your investment horizon and keep up a consistent payment schedule each month.

The post Quick Guide To Know About Sip – Types & Benefits Of Investing appeared first on Mynewsfit.

]]>
https://mynewsfit.com/quick-guide-to-know-about-sip-types-benefits-of-investing/feed/ 0
Do you receive dividends from ETFs in Singapore? https://mynewsfit.com/do-you-receive-dividends-from-etfs-in-singapore/ https://mynewsfit.com/do-you-receive-dividends-from-etfs-in-singapore/#respond Mon, 05 Dec 2022 15:26:51 +0000 https://mynewsfit.com/?p=125450 If you are a Singaporean investor who owns ETFs, you may wonder whether you will receive dividends from these investments. In short, the answer is yes – ETF dividends are…

The post <strong>Do you receive dividends from ETFs in Singapore?</strong> appeared first on Mynewsfit.

]]>
If you are a Singaporean investor who owns ETFs, you may wonder whether you will receive dividends from these investments. In short, the answer is yes – ETF dividends are taxable in Singapore. This article will explain how ETF dividends are taxed in Singapore and provide tips on minimising your taxes.

What are ETFs?

ETFs, or exchange-traded funds, are investment funds that track a basket of assets, such as stocks, bonds, or commodities. ETFs trade on stock exchanges and can be bought and sold like any other stock. Unlike traditional mutual funds, which are priced once a day, ETFs are priced continuously throughout the day. Investors often use ETFs to gain exposure to a particular market or sector without having to buy and manage individual stocks. 

Some popular ETFs include the SPDR S&P 500 ETF (SPY) and the iShares MSCI Emerging Markets ETF (EEM). While ETFs have many benefits, they also come with some risks. For example, because ETFs are traded on exchanges, their prices can be subject to market volatility. Additionally, some ETFs may use complicated financial instruments that can be difficult for investors to understand. As with any investment, it’s essential to do your research before investing in an ETF.

Are dividends from ETFs taxable in Singapore?

Yes, dividends from ETFs are taxable in Singapore. The tax rate that applies to your dividend income depends on the type of dividend you receive. For example, Singapore-sourced dividends (dividends from a company registered and paying taxes in Singapore) are taxable at a rate of 15%.

For foreign-sourced dividends, the withholding tax rate is generally 15%, though it can vary based on the country of origin. Saxo Capital Markets Pte Ltd is an example of a Singapore-based broker that offers access to foreign markets and allows investors to receive dividends from ETFs. Saxo Capital Markets Pte Ltd also provides its clients with a range of tax-planning services, such as advice on the most tax-efficient way to structure their investments.

How can I minimise taxes on my dividends from ETFs?

There are several ways to reduce your tax liability regarding dividend income from ETFs. One way is to hold your investments in a tax-deferred account, such as a Retirement Account or an Educational Trust Account. This will allow you to defer the taxation of any dividend income until you withdraw the funds from the account. Another way to reduce your tax liability is to invest in ETFs that offer qualified dividend income, which is taxed at a lower rate than regular dividend income. 

Finally, you can also take advantage of Singapore’s personal and corporate tax incentives, such as the Foreign Tax Credit scheme, which allows investors to deduct taxes paid on foreign-sourced income from their Singapore tax liability.

How do you reinvest your dividends to continue receiving passive income from your investments?

One of the best ways to increase your passive income from investing in ETFs is to reinvest the dividends you receive. This will allow you to compound your returns, as each reinvested dividend will generate additional earnings over time. Saxo Capital Markets Pte Ltd also provides trading tools and advice to help investors decide when to reinvest their dividends.

Which ETFs in Singapore offer dividend payouts, and how often do they distribute payments?

Different ETFs in Singapore offer different types of dividend payouts and payment frequencies. Generally, the most popular dividend-paying ETFs are equity ETFs, which typically pay quarterly dividends. Some examples include the iShares MSCI Singapore Index Fund (SGX: EWS), ABF Singapore Bond Index Fund (SGX: A35) and SPDR Straits Times Index ETF (SGX: ES3). 

Saxo Capital Markets Pte Ltd provides further information on the different types of dividend-paying ETFs in Singapore and their dividend payment frequencies.

In conclusion

Investors can receive dividends from ETFs in Singapore by selecting an appropriate ETF that meets their investment goals. Dividend income from ETFs is taxable in Singapore. However, investors can minimise their tax liability by investing in qualified dividend income or taking advantage of Singapore’s personal and corporate tax incentives. 

Saxo Capital Markets Pte Ltd provides access to a wide range of dividend-paying ETFs and offers trading tools and advice to help investors decide when to reinvest their dividends for maximum return.

Saxo Capital Markets Pte Ltd also provides its clients with a range of tax-planning services, such as advice on the most tax-efficient way to structure their investments. This online brokerage can also provide investors with up-to-date information about the different types of dividend-paying ETFs in Singapore and their dividend payment frequencies.

The post <strong>Do you receive dividends from ETFs in Singapore?</strong> appeared first on Mynewsfit.

]]>
https://mynewsfit.com/do-you-receive-dividends-from-etfs-in-singapore/feed/ 0
The Best Brokers For Metatrader 5 https://mynewsfit.com/the-best-brokers-for-metatrader-5/ https://mynewsfit.com/the-best-brokers-for-metatrader-5/#respond Wed, 30 Nov 2022 12:45:31 +0000 https://mynewsfit.com/?p=125320 MT5 is the most popular trading software on the market today. There are the best brokers for metatrader 5 that you can use to trade on MT5 and you will…

The post The Best Brokers For Metatrader 5 appeared first on Mynewsfit.

]]>
MT5 is the most popular trading software on the market today. There are the best brokers for metatrader 5 that you can use to trade on MT5 and you will need to decide which one will work best for you.

AvaTrade

Among other things, AvaTrade is one of the most popular mobile trading applications worldwide. It has a user-friendly interface and offers various financial instruments for traders. In addition, the company has received extensive industry recognition.

forex trading

AvaTrade offers mobile and desktop trading platforms. The mobile version is known as AvaTradeGO and is available for ios and android devices. Clients can trade several currencies and stocks through the app. It also offers the AvaProtect risk management tool.

The company’s website offers a range of tools for investors, including videos, eBooks, and articles. Traders also receive daily market data and trading ideas.

AvaTrade offers trading on stocks, indices, commodities, and currencies. It also offers a range of order types. Traders can place stop loss orders, limit orders, and market orders.

CMC Markets

Listed on the London stock exchange, CMC Markets offers a wide range of services and products to its clients. These include stockbroking, spread betting, CFDs, and commodities. They also offer a number of premium services. These include a personal account manager, and higher trading leverage.

CMC Markets is licensed by several regulatory bodies. They also offer training for traders, including a CFDs glossary and technical analysis tutorials. They also provide market updates through their YouTube channel. They also have a dedicated phone line and email support.

CMC Markets offers several types of accounts, including a commission-free account. They also offer a live account with no minimum deposit requirement. The commission on these accounts is 0.0025% per trade. The spreads are competitive. This account is also very easy to use.

FXPro

Whether you’re a beginner or an expert, FxPro offers a great range of trading tools and platforms, and they have a solid reputation for delivering great value. Among the many features that FxPro offers is the ability to trade commodities, indices and futures. The company also provides high quality research and education resources.

FxPro offers a range of account types, including Micro Accounts and VIP Premium accounts. Each account type has its own set of features and advantages, and each is suited to different types of traders. For example, the ‘VIP’ premium account offers a

higher level of leverage than the standard account. There are also a number of different trading platforms available, including the popular MT4 and cTrader.

FxPro also provides a number of features and tools that make trading easier. For example, the ‘Wallet’ is an innovative money management tool that lets FxPro clients transfer funds through a secure medium.

MT5 web trader

MT5 web trader is a trading platform that allows you to set up automated trading algorithms. It has a variety of tools and features that help you to trade all financial markets. These features include signals, indicators, Expert Advisors and more.

The MT5 trading platform is a next generation platform that is designed to be user friendly, and offers a number of advanced features. One of the most important features is its ability to perform algorithmic trading. Algorithmic trading is an advanced form of trading, where orders are automated using pre-programmed trading instructions.

Another great feature is the MT5 economic calendar, which provides you with a snapshot of upcoming events in the financial markets. The calendar is also equipped with an economic calendar feature that shows you the forecast value of the previous period.

MT5 Raw ECN account

MT5 Raw ECN account offers traders the lowest trading costs in the industry. It offers low spreads, a variety of order types, and excellent trading tools.

A true ECN account matches client orders with liquidity providers, which eliminates the need for middlemen. In addition to avoiding spreads, an ECN account can offer investors anonymity, as they are not directly dealing with a broker.

A standard account is also a great choice for traders, but it does not have all of the advantages of an ECN account. The spread of a standard account is usually wider, and it does not offer the same level of anonymity. A standard account also requires a minimum deposit, and it is usually managed by market-making brokers.

An ECN account can offer traders a lower spread, and it can also help traders to separate commissions from trading. An ECN account can also offer investors a more flexible trading environment, since they can trade outside of traditional trading hours.

The post The Best Brokers For Metatrader 5 appeared first on Mynewsfit.

]]>
https://mynewsfit.com/the-best-brokers-for-metatrader-5/feed/ 0
7 Tips for choosing the best HDFC Mutual Funds https://mynewsfit.com/mutual-funds-14-hdfc-mutual-funds/ https://mynewsfit.com/mutual-funds-14-hdfc-mutual-funds/#respond Wed, 30 Nov 2022 08:47:40 +0000 https://mynewsfit.com/?p=125275 Mutual funds are becoming a popular choice among investors because they provide ways to get high returns and diversify their portfolios. Several companies offer different types of plans in the…

The post <strong>7 Tips for choosing the best HDFC Mutual Funds</strong> appeared first on Mynewsfit.

]]>
Mutual funds are becoming a popular choice among investors because they provide ways to get high returns and diversify their portfolios. Several companies offer different types of plans in the markets enabling investors to gain more advantages. However, those who are new to mutual funds should consider selecting the right company. Choosing a suitable fund scheme lets investors avoid risks and other problems significantly. Another thing is that it gives ways to ensure high returns. HDFC is a leading company that offers various types of mutual funds. Anyone who wants to select the best mutual funds offered by HDFC should keep certain things in mind. 

7 Things to follow when selecting the best HDFC mutual funds

1. Knowing the objective 

Before selecting any HDFC mutual fund schemes, investors should know their objective with more attention. Whether it is short-term or long-term investments, it is wise to determine the financial aspiration properly that will help accomplish financial goals. 

2. Time horizon

Time horizon refers to the duration of a fund scheme in which investors want to invest. For instance, short-term investments are highly volatile but provide high returns. On the other hand, investors should consider investing in HDFC mutual fund plans which are more than 5 years. 

3. Performance against the benchmark 

A mutual fund scheme has a benchmark index that lets investors know its performance and other things. Investors who want to pick the best HDFC mutual funds should know whether the benchmark index matches the investment objective of the scheme. An example of this is that the benchmark of banking mutual fund stocks should be a banking index. Another thing is that investors should compare the performance to its active peer group. This, in turn, gives ways to know more about funds in detail. 

4. Risk tolerance 

Risk tolerance is an important factor to mind when buying mutual funds offered by HDFC that helps to avoid losses. Mutual funds have 5 risk levels such as low, moderate, high, moderately low, and moderately high. A good mutual fund should generate the best returns consistency over a period. Hence, investors should evaluate their risk levels before investing in mutual funds. 

5. AMC track record

When investing in mutual fund plans, investors should check the AMC track records that will help make an informed decision. Furthermore, they provide ways to select the best mutual funds offered by HDFC. Tracking AMC records enable investors to achieve their financial goals with high success rates. 

6. AUM

Assets Under Management, shortly known as AUM, refers to the value of assets under its management. HDFC balanced advantage fund such as small-cap funds that are having a large AUM makes it hard for investors to enter and exit companies. However, a larger size of AUM is suitable for liquid and short-term funds. 

7. Expenses 

When selecting HDFC mutual fund plans, investors should know the expenses in detail. This is because they will charge some amount for distribution, management, promotion, administration, and other things. Hence, one should evaluate them properly which help avoid high expenses. 

The post <strong>7 Tips for choosing the best HDFC Mutual Funds</strong> appeared first on Mynewsfit.

]]>
https://mynewsfit.com/mutual-funds-14-hdfc-mutual-funds/feed/ 0
Biggest Future Trends In The Financial Sector https://mynewsfit.com/biggest-future-trends-in-the-financial-sector/ https://mynewsfit.com/biggest-future-trends-in-the-financial-sector/#respond Thu, 24 Nov 2022 13:50:07 +0000 https://mynewsfit.com/?p=125131 The financial sector is constantly evolving. New products, services, and technologies are being developed to make the industry more efficient and effective. That is why most business people get confused…

The post Biggest Future Trends In The Financial Sector appeared first on Mynewsfit.

]]>
The financial sector is constantly evolving. New products, services, and technologies are being developed to make the industry more efficient and effective. That is why most business people get confused about what the future of this sector holds. 

Hence the need to always work with financial planning gurus like Mulveybeck.

Reasons to consult Mulveybeck

They will help you with the following:

Review your goals

It is crucial to review your financial goals regularly. This will help you ensure that your investment strategies are aligned with your goals. Mulvey beck will help you to review your goals and make necessary changes to your investment strategy.

Diversify your investments

Investing in a single sector is risky. So, it is important to diversify your investments across different sectors. This will help reduce the risk of losing all your money if one sector underperforms. With financial experts like Mulvey beck, you can be sure that your money is diversified across different sectors.

Stay up to date with the latest trends

The financial sector is constantly changing. So, staying up to date with the latest trends is important. This will help you to make informed investment decisions. Mulvey beck will keep you updated with the latest trends in the financial sector.

Review your investment portfolio regularly

Your investment portfolio should be reviewed regularly. This will help you to make sure that your investments are performing well. Mulveybeck will review your investment portfolio and make necessary changes to it.

Have an emergency fund

You should always have an emergency fund to cover unexpected expenses. This will help you to stay financially afloat during tough times. The experts can help you to create an emergency fund and manage it effectively.

Invest for the long term

Investing for the long term is a smart move. This will help you ride out the market’s ups and downs. With long-term investment goals, you can be sure of achieving your financial goals. These financial experts can help you to invest for the long term and achieve your financial goals.

Here are some of the biggest future trends in the financial sector that you need to be aware of:

1. Big data and analytics

Big data and analytics will play a big role in the future of the financial sector. Financial institutions must use big data to understand their customers’ needs better. With big data, they can offer personalized products and services.

2. Blockchain technology

Blockchain technology will have a major impact on the financial sector. This distributed ledger technology will make transactions more secure and efficient. Financial institutions must adopt this technology to stay ahead of the curve.

3. Increased regulation

There will be increased regulation in the financial sector in the future. This is due to the global financial crisis. Financial institutions must comply with stricter regulations to avoid being fined or shut down.

4. Alternative investments

Alternative investments will become more popular in the future. These include investments in hedge funds, private equity, and real estate. This is because traditional investments like stocks and bonds have become less attractive.

5. Green finance

Green finance will play a big role in the future of the financial sector. This is because investors are becoming more aware of the need to invest in sustainable projects. Financial institutions must offer green products and services to attract and retain customers.

6. Financial inclusion

Financial inclusion will become more important in the future. This is because there is a need to provide access to financial services to low-income individuals and small businesses. Financial institutions will need to develop innovative products and services that are accessible to everyone.

7. Cybersecurity

Cybersecurity will be a major concern for the financial sector in the future. This is because of the increasing number of cyber attacks. Financial institutions must invest in cybersecurity to protect their customers’ data.

8. Initial public offerings

Initial public offerings (IPOs) will become more common in the financial sector. This is because companies are looking for alternative sources of funding. IPOs will provide them with the capital they need to grow their businesses.

In a nutshell, these are some of the biggest future trends in the financial sector. As an investor, you must be aware of these trends to make informed investment decisions. 

The post Biggest Future Trends In The Financial Sector appeared first on Mynewsfit.

]]>
https://mynewsfit.com/biggest-future-trends-in-the-financial-sector/feed/ 0