Everyone knows Florida is a desirable place to live. Beaches, fantastic climate, plenty of amazing things for you to do and exquisite dining make it an ideal area for relocation. You can head to the beach and keep an eye out for dolphins and whales, or just go for a leisurely dip. There is plenty of shopping for you to enjoy and attractions that have even gained international acclaim. If you enjoy trying new restaurants there are plenty in the area as well as museums and more.
5 Key Differences Between the American and the Canadian Healthcare Systems
There are a wide range of similarities between The Canadian and American health care systems, though the US spends more than Canada on its healthcare system, the perception among citizens of the two countries is that Canadian healthcare is more affordable (if not free) than the American healthcare system. The main differences between the two health care systems are highlighted below:
Learning the proper use of price action signals in the Forex market
Price action trading is one of the most profitable trading systems in the world. Though the novice Aussie traders prefer to trade with indicators are nothing but helping tools. Unless you learn the proper way to find key support and resistance levels, you are most likely to lose money. Pro traders use indicator reading to filter out the best trade setups. At times you might think that trading the financial instrument is all about a complex trading system. Once you learn price action trading strategy, you will understand how the experienced traders secure huge profit in a relaxed way.
So, what is price action trading?
Price action trading is nothing but studying the different formations of the Japanese candlestick pattern to find great trades. Though there hundreds of patterns but at the initial stage learn major candlestick pattern. Things will be really hard unless you know the key reason behind the formation of each candlestick. If required, take a professional course to master price action trading within a short period of time.
Developing a trading strategy
The development process of your trading strategy is extremely easy provided that you use the demo account. There is no reason to risk real money since professional brokers like Rakuten is offering a free demo account. Trade as long as you want but try to use the price action confirmation signal to trade the key levels. Some of you might think short term trading strategy is the best way to secure a huge profit but they are absolutely wrong. Short term trading or scalping is only for experienced professionals. You need to create a long term trading process so that you can easily find quality trades.
Trading with the market trend
The experts of the online Forex trading industry, always say trade with the market trend. Sadly, the new traders are always trying to trade the market reversal. You might sometimes make some big profit by placing trades against the trend, but eventually, you will blow your trading account. Though the price action trading strategy is extremely profitable, you should always trade in favor of the market trend. Use fundamental analysis to assess the condition of a certain country’s economy. Based on technical and fundamental data, execute the trade along with the trend.
Dealing with the losing trades
As a price action trader, never think you will always win a trade. Even after doing the perfect market analysis, you might have to face a series of losing orders. The best way to deal with such a loss is to reduce the risk exposure in each trade. Try to find trades with high-risk reward ratio so that few winners can cover up the loss. Learn more about trade management skills so that you can easily use advanced features like trailing stops to make a huge profit.
Learning from your mistakes
It requires time and patience to develop a perfect trading system. From the beginning of your trading career, write down the details of each trade so that you can easily asses your past trades. Try to identify your weakness so that you can easily fine tune your trading strategy. Keep on learning new things to keep yourself updated with the latest market news. Never trade the market with gut feelings as it will ruin your career. Try to control your emotions while taking decisions in this market.
Learning the art of price action trading is not all hard. If you trade this market with proper discipline and use the demo account for a few months, it won’t take much time to become a professional price action trader. Still, you have to consider the associated risk in the currency trading business. Reduce your risk exposure in each trade, so that you can easily deal with multiple losses. Learn to stay in the sidelines and wait for the best possible signal.
Trading mindset must work with proper planning
Every profession will have to be planned so that you can make good profits with little investment. Well, we are talking about the business professions as there is no system like that in day jobs. The job holders will get their annual salaries based on service. Sometimes, there may be less work compared to regular. But the employees of a company will still get paid in full. In the case of a business, the system is different. You will have to invest some money into the business. Based on the sales and services, your profits will come. That is not so pleasing for most people in this world. The system can be very interesting. When you will make the profits from your business, the achievements will be more than having a job. For some business processes, people will have to remain simple and effective. We are talking about the trading business. If you want to make some good profits from the trades, there will have to be the right management. That is possible when the trading mind and planning work in conjunction with each other.
Thinking about the reality will help you to trade
To keep your trading mind relieved from any kind of disturbance, there will have to be proper understanding. For that, the traders will have to learn about the reality of the trading business. You will have to accept the fact that, there are more losing signals in this business. Any trade can turn into a faulty one. When the traders are able to keep their expectations low like that, the performance in the trades will be good. From there, you will be concentrating on the right position sizing of the trades. This way, the traders will not lose their potential. On the other hand, let’s learn about an improper trading mindset. It happens only with money making thoughts. If the traders will not be able to get out of that, there will not be a good focus on the trades. That will not help the market analogy or the maintenance of the trades either. So, the traders will have to learn about the reality of the business to work towards a decent performance for all of the trades.
Trade with the professionals
Trading is all about precision. You need to find a trusted Forex broker like Saxo to deal with the complex market movement. Experienced traders in Hong Kong are willing to spend extra money only to have a precise price feed. Stop thinking about the bonus amount offered by the low-end broker and who knows the key requirement of the retail traders.
A good quality trading performance needs time
To make proper trades, the traders will also have to work for the right timeframes. It will be decided by the trading methods. The traders will have to choose the right one which can give more time for all of the work. Well, the traders will have to spend the most time on the market analogy. And all the other credential like profit targets and risk to reward ratio can be set early. But the market analysis is not so easy job for the traders. It will take time to be good at making proper signals. So, chose a trading method which is good for long term trading, like the swing trading process.
A proper trading method will need small orders
When you are working with long term trades, the focus will be on long trends. There is a benefit of that. The traders will not have to worry about investing too much in trades. When you are building or running a business like that, there will be good pips. That does not demand too much of your trading capital. So the losing tension will be minimal in a trader’s mind.
It Is Never Too Early to Make Retirement Provisions Home
A recent report suggests that as many as a thirds of US adults have made insufficient provision for retirement. The recent recession certainly has not helped the picture with real estate prices falling overnight but it is a worrying statistic. A good retirement fund can never be created overnight and the sooner adults start making provisions the better their chances of living a comfortable retirement. However, there are many pressures on income initially in the early years of a career and subsequently with a growing family. Along the way most people borrow money. Mortgages are one thing but there are many other reasons to borrow especially in the prevailing environment of low-interest rates.
Everyone should look closely at their financial situation. They may be advised to approach an expert to get help. They may be away from retirement it will come in the end. If there is a good reason to expect growth and if finance is required while interest rates are low then there is every reason to borrow for constructive reasons.
Building a good retirement fund is not easy; it is sensible to be open to every idea for creating it, even borrowing money. There are many imponderables to consider; personal health, the stock market and life expectancy are just three of them. There is not a great deal that can be done to make those things more predictable but that is no excuse for not taking action.
The Current Position
The exercise of creating a retirement fund begins with looking at current finance; income and expenditure. People who are yet to begin with saving for retirement must look at whether they have a regular surplus currently. Alternatively, they will need to increase their income or reduce their expenditure in order to be able to save.
Ideally, everyone should be putting in excess of 10% of their income into retirement. Indeed they should look to reaching 20% certainly as retirement comes closer. If it is clear that the best answer currently is to cut down on expenditure then a detailed list of current regular expenditure must be prepared. There are a few things that most people will be able to identify. Energy is one of the significant bills that every householder faces. The question is whether it is being wasted and whether it is more costly in the first place than is necessary.
Seek Help
On the positive side, there is help at hand both online and through advisers to help everyone with investment. The level of risk is always something that people will have in their minds. In the end, decisions are likely to be subjective but at least those decisions should be taken with comprehensive information taken on board. An adviser may also help with tax advice to ensure every individual is taking advantage of what is available; for example, annuities do not incur any income tax.
Health is certainly an imponderable. It is entirely sensible to have sufficient cover. The best of preparations for retirement can be destroyed by a sudden bill for a health problem that was not foreseen.
Real Estate
A consideration in middle age and beyond should be real estate. Most people would prefer to remain in a familiar neighborhood once they have retired but a large family home can be expensive once the children have moved out. There is a strong argument for downsizing well before retirement and investing any equity into something that is likely to grow with minimal risk. If there is little equity there are realistic loans available for short term costs to pay for the move and any furnishing of the new home.
Come the Day
Even closer to the day of retirement is the decision on when actually to do it. Social Security can be taken from the age of 62 onwards. The earlier it is taken the less a retiree will actually receive of course; it will be 25% less at 62 than at 66, the current retirement age for those born before 1955. Those who can hold on until 70 or are happy to keep working will receive 32% more at 70 than the figure at 66.
Everyone should make sure that their liabilities are minimal come retirement but that is no reason not to borrow money along the way especially at times when interest rates are especially low even just as an alternative to dipping into a fund being created for retirement.
3 Rock-Solid Credit Building Tips to Help You Achieve Financial Freedom
Nearly one-third of Americans have a poor credit score. Having a low credit score can (and will) negatively affect your ability to take out loans for a home, a new car, schooling, and more.
If you’re someone with low credit, you may be feeling the pressure to lift your score up.
Luckily, credit scores are fluid and never set in stone. But it does take time and smart financial decision-making to improve your credit score.
If you’re ready to take the time to improve your credit, you’ve come to the right place. Here are three credit building tips to put you on the right track.
1. Pay Off Your Credit Card Debt
If you are in debt from over-spending on credit cards, it’s time to buckle down and pay it off as quickly as you can. Not only is that debt costing you a ton of extra money in interest, but it’s killing your credit score.
It will be really difficult for you to build your credit score up if you are deep in debt. So this needs to be priority number one on your journey to a higher credit score.
2. Pay Your Bills on Time
How can you avoid falling into debt? By paying your bills on time! And not just paying the minimum amount due. Pay the full amount, if you can, every month.
This will keep your head above water and will improve your credit score because you are showing that you’re a responsible consumer.
If you have trouble paying your bills on time every month, consider creating a strict budget based on your income. This will allow you to see exactly how much money you need for necessities, and how much you can spend on optional expenses.
3. Apply for a Secured Credit Card
The first two tips are helpful for keeping your credit from falling lower than it already is, but if you want to really start building it up, you’ll need a credit card.
Unfortunately, if you have bad credit, you probably won’t be approved for very many credit cards. But you most likely will be approved for a secured credit card.
What is a secured credit card, you ask?
Basically, it functions as a normal credit card, but you have to pay the bank a certain amount of money that they will hold onto. This amount of money will be your credit limit, and you’ll be borrowing against your own money.
This allows the bank to protect itself from people with poor credit you’ll only be borrowing the amount of money you put into the card. And it’s great for people with poor credit because you can show you’re now a responsible spender who pays bills on time.
Sites like CardGuru have all types of secured credit card options to read about.
Want More Credit Building Tips?
It’s easy to make financial mistakes and destroy your credit score. But if you want to improve your credit, you’ll need to start being proactive and make smart money decisions. By using these top credit building tips, you’re already on your way to a good credit score.
Looking for more credit-related tips? Check out our blog today for more info!
Top 3 Ways to Invest your Money
If you have hopes of being wealthy, you can’t simply earn your money and wait for it to flourish. The wealthiest of people hold onto their funds and find the best of ways to increase them.
In order to grow your capital, there are a few ways you can invest your money. But first, you should learn to devote the limited resources you have to that which can offer you the biggest potential returns.
The best ways to invest your money
Savings Account
One of the easiest ways to earn money is to put your funds into a savings account. The more money you add in this account, the more that will be returned in the future.
To make it worthwhile, you need to be sure that the money you receive covers the fees attached to the account.
Such interest-earning accounts bear a very-low risk (if any) of losing your capital, which means that the returns can be very low as well.
When selecting the right savings account, you need to spend some time comparing other savings options such as the type of bank, savings account, the fees, interest rates, bonuses and so on.
Real Estate
Making investments in real estate can be pretty straight-forward.
Despite this, it does have more complexities attached to it than you thought. For example, investors have the option to invest in commercial, industrial or residential real estate. In addition, there are several other types of real estate investment products.
If you decide to rent the property you own, you need to become a landlord. You also need to ensure that you make enough money to cover any risks and pay off any expenses associated with utilities, insurance or taxes, for example.
Trading
Thanks to technology, investing your money through trading is becoming a very easy task in today’s day and age.
Trading allows investors to make big returns either at home or whilst on the go. Most brokers like Almahfaza offer cutting-edge, secure and reliable trading platforms that are accessible on the web as well as on mobile.
When deciding to enter the online trading field, it’s extremely important that you select the right trading account that suits your needs and requirements. For instance, Almahfaza offers six different types of accounts with each one having different minimum deposits and services including an Islamic Account.
You also need to make sure that you have access to the financial instruments you want to trade. Almahfaza offers products on different asset classes, such as commodities, stocks, ETFs and currencies. For further information, feel free to check Almahfaza review.
Bottom-Line
Trading is one of the most lucrative options when wanting to invest your money and potentially make big returns. However, make sure not to put all of your eggs into one basket…
You’ve probably heard this saying before, right?
A lack of diversification in your investments is definitely the worst financial mistake you could make. Above all, it’s crucial that you aim to invest your money in different ways.
If trading sounds like the right option for you to invest your money in, remember to use different financial assets to maximise your returns, all the while making sure to reduce your risks.
How To Reduce Capital Gains Tax
If you are an investor in real estate, you will want to make the most out of your investment. The sector, however, could be difficult to explore for first-time investors. The issue of taxation remains one of the most relevant profitability determinants. Most investors ponder on how to increase their capital gains and reduce their tax liabilities. Worry no more. This article will enlighten you on how to make the most out of your investment and maybe it could be a guide to attaining your goals.
Capital gains deferment to reduce tax liability
If you are not yet an experienced investor, you should know how to minimize real estate capital gains tax on your property. You could apply capital gains deferment as a method of deferring your tax liability. Deferred taxes, however, only apply when the business is used only for business; taxes can only be paid when the property is sold later. However, if you want to postpone taxes, you convert your property to business purposes and not personal use. The transaction, according to code 1031 exchange, allows you to convert the property for like-kind exchange thus allowing you to defer your taxes.
Calculating capital gains tax from your property involves noting the sales you get from a property. For instance, if you get a profit from the sale of your property, you will indicate it as capital gains while a loss is indicated as a capital loss. The amount of tax you will pay, however, willl be calculated straightforward starting from the purchase of property and estimating the taxable income which will be used to determine the taxable income for a given year.
The capital gains paid by investors depend on various variables. For instance, if you have been in possession of your property for less than one year, the tax will be calculated according to your income tax bracket. Normally the rate for individuals who have held the land for less than a year is approximately 10% to 37%. For people applying for long-term gains on capital, they will be subjected to lower rates. Typically about 15% of the profits but should not exceed 20% of the profits.
According to the regulations taxes should be paid when income is received so you should be keen to file your taxes to avoid penalties. However, if the gains of capital are relatively small, you can wait to file taxes on April 15th. For people who pay their taxes quarterly, they should pay their taxes in the quarter they received them.
You could be wondering if you can avoid capital gains tax. There are lawful ways of eliminating the tax on capital gains. One of the ways is utilizing tax-exempt vehicles which include Charitable Remainder Trusts. This kind cannot be modified, neither can they be terminated without consulting the beneficiaries. There are certain tax-exempt vehicles, such as CRATs, which distribute a yearly fixed annuity over a given period which should not be over 20 years. If the time is reached, the funds are transferred to charitable organization of the choice of the beneficiary. Gifts do not equate to the value of a property, which if put in a trust fund are a way of saving on taxation.
Entity restructuring
You could, moreover, consider entity restructuring. This involves success in setting up LLC’s, land trusts and corporations. These provide anonymity to the business owner and the beneficiary of the investment. This can also reduce tax liabilities.
You could choose to sell the investments which are no longer profitable. This can be achieved through timely sale when you can make a profit. The capital gains acquired from the sale of property can be used to recover made over the business lifetime. This strategy will lower your taxes as well as increase the profits from the business.
You can only make a profit in business if you keep your records well. This involves those of home improvement and other selling expenses. When you improve on your assets, you reduce the gap between your sale price and the initial purchase price.
As an investor, you should always track your costs. The selling price of a home can be greatly reduced by the costs incurred when selling the property. Your capital gains will be less. However, there are some costs which do not apply to this rule, like maintenance and cleaning. Costs which include broker commission, closing costs, settlement fee, transfer tax, and escrow fees can be used to reduce the capital gain tax on property.
You can convert your rental property to personal property; you can move to the property before selling it. However, the time you should have lived in the property should not be less than two years. If you meet the set requirements, then you can be eligible for a tax reduction of up to 50% of the gain from tax liability.
How much do we spend on insurance?
Modern insurance developed in the UK, after the Great Fire of 1666 destroyed 13,000 homes in London. Britons started pooling risk, insuring their houses against fire, their businesses against failure, and, as London became a major trade port, the contents of the ships they sent overseas. Many of these early insurance policies were arranged in the coffee houses of the bustling 17th century capital—one of which became insurance giant Lloyd’s.
We’re a nation of bet hedgers, worrywarts, and doomsday predictors, and it’s made Britain, the 22nd most populous country, the fourth largest insurance market in the world and the largest in Europe. In 2016 Britons paid £225 billion in insurance premiums, according to industry body the Association of British Insurers (ABI). Britons take out insurance on their homes, lives, health, cars, businesses, possessions, mobile phones, valuables, jewellery, artwork, trips, and pets. And those are just standard policies: you can take out insurance against your pregnancy resulting in multiple babies, against a wedding being cancelled due to cold feet, and against all your business’ employees pooling together for lottery tickets and then winning and quitting en masse.
Lloyd’s of London has famously insured the notable body parts of celebrities, from silent film star Ben Turpin’s crossed eyes to Betty Grable’s legs (her ‘million-dollar leg’), Dolly Parton’s breasts to Bruce Springsteen’s voice. And you don’t have to be famous to insure body parts essential to your career: surgeons have taken out insurance policies on their hands and sommeliers have taken out policies on their tastebuds.
But you don’t need to be insuring your fingers and a heirloom Picasso to be paying a significant sum in insurance premiums every year. Only auto insurance (and if you’re a business owner, employer’s liability insurance) is a legal requirement in the UK, but if you do a tally of your bills and valuables, you might be surprised to see for how many items and against how many eventualities you have insurance.
We do the maths to see roughly how much Britons are paying for the main forms of insurance each year.
Car Insurance
If you drive or even just own a car, under Continuous Insurance Enforcement you’ll need to have at least third party insurance for it, or face fines and even prosecution. So it makes sense that car insurance is the most widely held type of insurance product in the UK, with 74% of households purchasing at least one policy in 2016.
According to the ABI, in the third quarter of 2017, the average cost of a fully comprehensive car insurance policy was £485 or the equivalent of £40.41 per month. If you’re a young driver, have an expensive or high-powered vehicle, log a lot of annual mileage, or have a history of previous claims or motoring convictions, you’ll pay significantly more for your cover. Shopping around and comparing quotes can help you find a cheap car insurance policy and keep your costs down.
Home Insurance
Home contents insurance is the second most widely held type of insurance in the UK, with a market penetration of 72%. The popularity makes sense as the ABI found that, in 2012 to 2014, the average British household had £34,900 worth of contents stored in their primary residence. A standalone contents insurance policy costs an average of £135 a year, but homeowners—which 64% of us still are—generally bundle it with buildings insurance, for an average cost of £297 per year or £24.75 per month.
61% of households have home building insurance, whether bundled with contents policies or not. Many mortgage lenders require buildings insurance as a condition of the loan. If not bundled with a contents insurance policy, it runs at an average of £263 a year.
Other types of Insurance
- 6% of households held a private health insurance policy in 2016, according to ABI figures. They spent an average of £528 a year on these policies.
- 22% of households held life insurance policies in 2016, spending an average of £336 on them.
- 7% of households bought travel insurance policies, at an average cost of £160, compared to average annual spend of £1,200 a year on package holidays.
- 7 million households held pet insurance policies in 2018, insuring around 35% of the nation’s dogs, and 16% of its cats, and paying an average of £243 in premiums. Cats were cheaper to insure than dogs, with coverage for moggies running at £150 per year, compared to £287 for dogs. However, there are new pet insurance companies like Bivvy that offer great dog health insurance for significantly lower prices!