A few years ago, many may have not even heard the term ‘cryptocurrency.’ But, although it isn’t as new as some people may think, it is recently that it is gaining a wider audience. With the world markets seeming so uncertain, people are understandably looking for alternative options to try to secure their future and have some stability now. And so, investing in crypto is becoming the choice of many. Could it be an option for you?

Is it too risky?

This is often the first question people ask. We all want security, so risk is an issue for everybody. Unfortunately, in the current world climate, any option for our finances involves risk. This is true whether your money is in a bank, in property, in cryptocurrency, or anywhere else. The bigger risks for cryptocurrency are around the markets. As we all know, the markets can be up one day, down a bit the next, only to bounce back the day after. To invest in cryptocurrency, you have to be prepared for this and able to handle the continual movement. If this is something you think you will find stressful, why not start small to trial it and see how you get on? This is a good way to start in any case while you get to grips with how it works.

From a security point of view, the risks with cryptocurrency are much lower. When we use a bank transaction to pay for things, we are involving a third party each time. With cryptocurrency, there is no third party, so there is some of the risk immediately taken care of. But even better, each transaction using cryptocurrency is stored on what are called blockchains. These blockchains don’t run off one centralised system, they run off a whole network. This means that they are almost impossible to hack, and it makes each transaction you make so much safer. As more and more people that you speak to today have been the victim of hackers or scams, you can certainly understand the appeal of this more secure type of transaction.

How to get started

As we have said, a good idea is to start small, dip your toes in the water, so to speak. As well as starting small, it would be a good idea to split your investments. With markets fluctuating daily, it would be good to spread your investments out a bit to minimise risk even further.

Make sure you do your research beforehand as there will usually be fees attached and you want to get what works best for you personally. Make sure you know exactly what you are investing in and who your fees are paid to.

Summary

As you can see, cryptocurrency, while involving some risk, has many benefits. So, why not give it a go and be part of this fast growing opportunity.

 

For many owning their very own powersports vehicle, it is their most treasured possession. They view it as their favourite hobby, their ultimate way to relax, their way to build new friendships or strengthen existing ones, their way to unwind after a long day of work, or maybe they spend all weekend enjoying it after a long week at work. Especially since the start of the pandemic, people are using their powersports more often. But as they are so highly valued by those owning them, they are worth protecting and caring for in the best way possible. If you own such a vehicle, you will surely want to have good insurance so there is no delay in fixing any issues that may arise. But what type of warranty is best for your powersports vehicle? And should you get powersports battery insurance as part of your protection plan?

Getting the right type of warranty

This is something that will require some thought and research. It does not matter what jargon is used about how your vehicle comes with a standard warranty; this is likely no where near the kind of coverage you will want for that treasured possession of yours. If an accident were to occur, or some damage was done to your vehicle, you would likely still be left paying out a small fortune to have the damage repaired. I would highly recommend getting an extended warranty for your vehicle. With greater coverage, you can get on with enjoying your powersports vehicle, whilst also enjoying greater peace of mind.

Battery insurance for your powersports vehicle

Getting battery insurance is definitely something you should consider. The battery is a part of the powersports vehicle that is likely to need replacing more often than others. This is the case whatever type of powersports vehicle you are in ownership of. Obviously, some get more usage than others. For example, if you live in a city, you likely use your motorcycle for a daily commute into work, whereas if you own a jet ski, you likely use it more on the weekends when you can travel to some water. But whatever the vehicle, and however often you use it, battery insurance is something to think about. Again, it will offer you greater peace of mind and avoid any unnecessary costs in the future.

Summary

If you are considering owning a powersports vehicle, or even if you already have one, make sure you know exactly what your warranty covers. Be sure to do your research and look into the best options of extended warranties and battery insurance.

 

Money makes the world go round, and you couldn’t run a business without it. While you never want to cut corners in business, it is helpful to know where you can safely cut some costs, without sacrificing the good name of your business. Below are 7 simple tips that when used properly will save your business thousands every year.

Outsource as much as possible

Think about it. You’ll save so much money by paying a company a lump sum per month to undertake one of the tasks that aren’t your strength, compared to paying an internal member of staff a salary. Common things that businesses outsource include start up business accounting, marketing and IT services.

Look for sponsorship

If you’re looking to put on an event, to help expand your customer base, look for potential sponsorship. A sponsor is someone who will provide the necessary funding for the event to go ahead, in exchange for an amenity, such as their branding being visible. It is usually a good trade for both of the businesses.

Move away from traditional advertising

The rise of social media means that traditional advertising methods are out, in favour of cheaper options given on social media. All traditional advertising costs can be cut, in favour of an active Facebook, Instagram or LinkedIn page.

Embrace the work from home lifestyle

It’s not ideal for everyone, but working from home and hybrid working has become an integrated part of our society, and it is beneficial for our businesses’ funds. It means you can avoid the expense of office space and operating costs. It doesn’t have to be every member of staff, just some.

Move away from meetings

According to Harvard Business Review, meetings are a productivity and financial-sink for many companies. Reduce the number of people who participate in meetings, to keep things lean and productive. If possible, have the meeting take place over Zoom or Microsoft Teams, to save on travel costs.

Don’t pay for an underperforming employee

If an employee isn’t hitting the mark, it’s time to either cut their contract, or invest more in them to help them improve their performance. The interests of the company have to come before sentimental attachments to members of staff. Eventually, this attitude will take its toll on other employees, who will consequently start to underperform.

Go green

Going green is guaranteed to save your business money. Going paperless for example, will save the cost of buying paper, as well as the stationary that goes with it. With modern software, we can create an infinite amount of digital documents, to compensate for printed files.

Saving money will ultimately help your business to grow quicker. Cutting costs and investing wisely is a crucial part of being a business owner and sets those whose business will thrive apart from the businesses which will fail. If you ignore cost cutting, you are shooting yourself in the foot. Be savvy and apply the tips in this blog today!

 

There’s no denying that Cryptocurrency is the future of finance, which is why so many people are choosing to invest in this lucrative yet risky form of currency. In response to its growing popularity, crypto sites are popping up everywhere, promising to help you invest your hard-earned money and make a profit. Although they make nice promises, most cannot deliver, leaving you at a loss both financially and in your understanding of how the market works.

Earnity isn’t like any other crypto site out there. Founded by Dan Schatt and Domenic Carosa, Earnity is backed by an international team of fintech veterans who are passionate about the future of the crypto market. Their goal is to help you navigate this new world with ease and safety so that you can become truly financially independent. Earnity is highly secure and incredibly easy to use, so even the most technically challenged can navigate the site. It allows you to sell, buy, and hold crypto and DeFi assets all in one place, streamlining your experience.

When you use Earnity, the world of DeFi is at your fingertips, and the brilliant minds behind the site are hard at work ensuring it grows and evolves with the crypto market, so you don’t have to worry about falling behind the curve. When Earnity promises to help you navigate the DeFi world, they stick to it, giving you the insight and knowledge, you need to protect your assets. There is nothing like the freedom decentralized finance and cryptocurrency offer, and having an expert team walking beside you can take the fear out of diving in. So, trust Earnity and see the difference this quality social crypto platform can make in your life!

A CFD is a financial instrument that allows traders to speculate on the price of an asset, like securities or currencies. The instrument works by allowing a trader to enter into a contract with another party, agreeing on a specific “notional” amount of one particular asset. For example, if you had $10 in your trading account and entered into a CFD agreement on Apple Incorporated (AAPL), this would allow you to control 100 shares of AAPL (minus transaction fees).

The point of these contracts is that they allow individuals to make profits from fluctuations in the underlying asset’s market price, which means that instead of owning the physical asset, like an individual share in a company, you control the value of that asset without actually having it. However, if the market moves against your contract in any way, it will affect how much profit or loss you make on the deal.

The CFD instrument is different to an option because with an option, once purchased. There is no set time when you need to sell your asset before the expiry date (you can hold onto an option for as long as you want). An option gives its owner the prerogative to exercise their options contract at any time until its expiry date.

So why would someone buy an option if they didn’t have to be committed to selling their asset? The simple answer is because it could allow them to earn more money. If the market price moved in the right direction, they could exercise their option and immediately sell it for a profit.

As CFDs are available to anyone with a trading account, there is no need for an individual to have an underlying asset to trade them. Meaning CFD traders can make profits from fluctuations in the value of financial investments without actually owning those assets.

What are the benefits of using CFD trading?

You don’t own the asset

CFDs allow traders to sell a financial asset without owning it, known as going short. CFD traders can earn more money if they think the price of an investment will fall.

There’s no need to use stop-losses

Using CFDs means that you don’t have to set stop-losses on your positions because even if the market moves against you, your loss will be limited by how much you initially had invested in the position (minus transaction fees).

There are lower costs involved

Compared to buying and selling securities on an exchange, using a CFD has lower costs because you only need to pay brokerage fees when you enter or exit a trade. Also, since returns are not taxed for Australian investors due to their personal use exemption – it’s important to remember that using CFDs can lead to higher taxes in the future.

You don’t have to make a market order

A market order is used by investors who want to buy or sell a financial asset at whatever price the market currently offers. With CFDs, this service is taken care of for you because your position will be closed as soon as possible once you submit a trade (minus transaction fees).

What are the drawbacks of using CFDs?

The contract can become unprofitable

CFDs are complex instruments that can be difficult to understand. For example, to close your position, a CFD trader has to sell their positions for a lower amount than they bought it despite the market favouring them. It is known as a “negative rebate”. Also, the risk here is that if the market price moves against you and continues in this way when you want to close your position – your loss will not be limited by how much you initially invested (no stop-loss).

You don’t have control over what happens next

In addition, with CFDs, you do not have direct ownership of the underlying asset, so there’s no guarantee that the investment will perform as you expect it to. As the investment doesn’t belong to you, it’s possible that if an investor with actual ownership of the asset wants to buy or sell it, they could do so before you (no stop-loss).

You can use this link to start trading with CFDs.