Investment & Money

If you’re tired of never having enough to reach your financial goals, take action today. Start eliminating these 7 money-wasters from your lifestyle. Go cold turkey on all of them or work through one at a time to instantly reclaim the cash you want to put toward achieving your financial goals, whether it’s a wedding, dream vacation, or saving for a home.

To stretch a budget or save for a goal, it’s important to look at where your money goes. Most of us are guilty of wasting money in ways we may not even realize. Here are 7 dumb ways most Americans waste money.

1. Cable, Streaming, and Phone Plans

Do you pay for cable and also subscribe to Amazon Prime, Netflix, or Hulu? If so, you’re overspending on television. You can’t possibly use all those services. The same goes for your phone. If you never use all your data, you can afford to cut back. The more you reduce your media budget, the more money you’ll save. If you’re holding on to this expense for football season, figure out a hack of some sort to stream the action live, or hit up a local bar to check out the game(s).

2. Laundry Fresheners

All you really need to clean clothing is detergent. Those fabric boosters, fabric softeners, and dryer sheets are a major waste of money and they’re not the greatest for the environment. Replace dryer sheets with reusable dryer balls or line dry your clothes and enjoy the scent of fresh air.

3. Bottled Drinks

From bottled water to iced tea, most Americans spend a lot of money on packaged drinks. When you think about how simple and cheap it is to make your own, there’s really no excuse. This summer, why not buy your favorite tea bags and make your own iced tea rather than buying bottled drinks? You can start filtering water at home and carry a reusable water bottle along with you in the car; the environment will thank you for it. As for soda and energy drinks, cutting back on the sugary stuff saves you money and benefits your health.

4. Late Fees and High Interest Rates

Anytime you incur a late fee on a bill, you’re wasting money. The same goes for interest. If you’re only paying the minimum on your student loan or credit card, you’re wasting money on interest. The faster you can pay down your premium, the less interest you incur. If you can throw even $20 more at your debts, you’re doing yourself a favor.

5. Couponing

When was the last time you overspent with coupons for things you didn’t really like or need? Coupons can trick you into overspending by making it seem like you’re getting a good deal on stuff you otherwise wouldn’t buy so buyer beware! Only use coupons for food you would buy even if it wasn’t on sale. Get smart about clipping and downloading the right kinds of coupons and get to cooking your own meals (a great way to save even more money)!

6. Car Leases and Car Payments

When you consider how fast cars depreciate, purchasing a nice car these days tends to be a huge waste of money. Get out of your car payment and buy an old car you can afford outright to instantly stop wasting hundreds of dollars a month. If you live in a city, try being car-free. Use Uber, Lyft, public transportation, or check out ridesharing programs. These options may end up being much more cost effective than a car payment, maintenance, and parking when you do the math.

7. Gym Memberships

That unused gym membership is wasting your money. If you go irregularly (less than once a week) consider cancelling and purchasing a kettlebell, free weights, or jump rope to get in shape while saving money. You can get a great workout by running, speed-walking, or hiking and incorporating strength training exercises a few times a week.

If you have basic knowledge about investing and managing your finances, this article will help you sort out the advanced things for you. We wanted to make this suitable both for beginners and advanced people, so you can reconsider and take a look back to see what works and what it’s time to let go of when it comes to your spending beliefs.

To reassess your financial plan or create one for the first time, you need to be completely transparent with yourself and your spending habits. It can be a tough pill to swallow, but once you got over with it, you’ll see how clearer everything gets in your life and how you function in general.

We will cover various topics in the article to grasp everything you need to research more where you think you could learn more. We will talk about passive income, trading as an investment, the way you behave towards money, and what are the ways you can be on top of your game. We hope you will take some burden off your shoulders by knowing how to manage finances since they play a massive role in our lives. As you care about finances, you will have to be aware of market moves if you already aren’t. Let’s dive in!

Do you know what type of spender you are?

Do you tend to spend on whatever you land your eye on as soon as you get your paycheck? Do you live day to day and continuously get surprised when you need to pay for your bills and/or rent? It probably means you are an impulsive spender, and you tend to live in the moment. There is a deeper meaning behind that since you probably don’t want to think about a one-month spending plan.

We know it’s hard, but try to write down your spendings for one week or download an app and log everything, even if it seems unimportant. It can be how much you spend on coffee (if you are working from an office), random little things that don’t seem much. Try summing up expenses that are not that necessary, and you’ll see how much money you can save. This doesn’t implicate you should give up on small pleasures entirely, but try making it a “treat,” rather than a usual thing that became mechanical to you.

Trading as a way of saving

If you are someone who makes a plan ahead, you set aside money for bills as soon as you get paid, you probably know about money management. If you are trying to save or already have a savings account, then the stock market can be an excellent place to start saving even more. Yes, trading is considered as an investment, despite the popular opinion.

It can bring you lots of benefits, including saving for something in the future or merely having another “income” that can become a rainy day fund, vacations, or to learn more about the economy and how it affects everything around you while making money at a slow, but individual pace.

Before investing, it’s essential having an emergency fund because you never know what’s going to happen (we are amidst to pandemic, after all). Please try to pay off your debt (if you have one) as soon as you can, before you start investing, so you can have a clean slate.

Books and Stocks

Depending on how you like to learn new stuff, you should consider investing your time into educating yourself about the economy and politics on a higher level than just news. Everything that influences political bonds between countries affects your paycheck, the market, the world. If you consider yourself apolitical, consider analyzing this information as a way of knowing better where your money comes from and where should you invest it (and when is the best time to do so).

You can also read many books, but rather than reading stories about people who are already wealthy, try learning more about your relationship with money with “How to worry less about money” by John Armstrong, for example. Changing your perception of money will help you understand how to save more and maybe invest in stocks.

Why do people buy stocks in 2020?

Owning stock is equal to owning a small part of a company whose stock is. One stock can be costly, but you can invest a small amount of money, which means you still own a bit of it, and then you can investigate more about them and how their work is going, meaning you will be able to see if it’s profitable or not.

The stock market is speculative, so you shouldn’t rush into it and give thousands at once. It doesn’t imply you have to buy or sell anything as soon as you open your trading account. Investors generally control the stock market, so risk versus reward is bound to be. There are lower-risk investments, which means it’s very predictable, and you can make money, but a lower amount.

The higher the risk, the bigger the chance of earning more and losing, so the main rule is not investing more than you are ready to lose and not investing everything into one stock. If you are interested in this saving and investing, do proper research, and you will have another way of income, but you need to have patience.

Make it work

In the end, it’s about figuring out what you want, evaluate your goals once again, and check yourself before you “wreck yourself.” Sounds simple, but once you begin, you will see there is much more behind it. It may be hard at the beginning, but you will thank yourself later. Be smart about your money, and start now!

Every person wants to look and feel good. They need to see themselves looking amazing in front of the mirror to feel ready to greet the day. It also allows them to face other people with grace if they know that they are presentable. Aside from their outfits, they also spend time grooming and making themselves smell good before going outside the house. 

Because of their need to look and smell good, they would invest in scents that would last the day. They would also buy different fragrances that they can use for different occasions. Since these items may put a dent in one’s pockets, they would look for deals offering discount perfume online. 

However, buying affordable perfumes without smelling it can be tricky. Sometimes, bargain perfumes are not worth the money. Here are several tips to help you buy reasonably priced perfumes that you can wear confidently for any event. 

Tip #1: Know Your Preferred Perfume

Before starting to look for discount perfume online, you need to have an idea about the scent that you want to have from the start. It can either be something that you have been buying for a long time or a new item that is making rave reviews online. 

You can consider choosing the fragrance family of the scent that you are interested in purchasing. It would require you to check out the descriptions posted on the website to learn all the information needed to help you decide before buying the product.

Some of the most common fragrance families include the fresh ones which have strong citrus or grass notes. The Oriental fragrance, on the other hand, has vanilla or amber notes. Other popular fragrance families include Woody, Gourmand, Floral, and Floriental.  

Tip #2: Look For a Reputable Online Perfume Seller

There are plenty of websites that offer perfumes at discounted prices. But you must only transact with websites that have many positive customer reviews. These sites often carry high-quality products at a fraction of the actual cost. 

Also, the reputable perfume websites come with a guarantee that they are only offering authentic designer fragrances. It means that there are no knockoffs or imitation items. The online reviews about the site will let you know about its previous transactions with real customers. You may also ask your family and friends for recommendations to help you find a legitimate online perfume supplier.  

Tip #3: Study the Site’s Return Policy

Shopping online comes with many risks. There are times when the items shipped are not functioning properly, or the item is not the same as the one posted on the website. If this happens, you can contact the website to return and exchange the product. But before you buy any item, you must check out their return policy first to avoid any hassles. 

Some online stores allow product replacement or return requests within 60 days of purchase. However, most of the policy guidelines stipulate that the items must be unused, unopened, and in its original packaging. So if you already sampled the perfume, you will lose your chance to have it returned. 

Buying discount perfume online will let you own different fragrances without putting a dent in your pocket. But you need to know all the right processes to ensure that you will get the best smelling items without spending a significant amount of cash. Keep all these tips in mind to help you get the scents that you want a fraction of the actual cost. 

The emergence of the Renaissance followed the foundation of the Medici Bank. One can argue that this monetary institution was responsible for the European reawakening. The banking sector contributes heavily to our country’s financial system. Banks play an essential role in the growth and enhancement of New Zealand’s economy. This article will lead you through some useful tips to select the best institution to open a term deposit.

A glimpse at different bank accounts

Financial establishments offer you different kinds of bank accounts. The nature and quality of these accounts fluctuate based on users’ varied requirements. You can do whatever you like with your money. You can dump it all in a single account or only place a certain amount of it.

You can give your paycheck to a banking institution’s savings account. But you can also choose to open a temporary account where you can later withdraw it for other purposes.

Let’s look at your different banking options briefly:

1. Savings account: Choose this account if you wish to earn a modest interest on your money. Although they allow limited withdrawal access, they’re safe and reliable.
2. Term Deposit: You can place your paycheck for a limited amount of time called maturity. When the age of maturity expires, you can withdraw your money.
3. Current account: This form of deposit account is also known as a checking/transactional account. It allows you ample permissions of deposit and withdrawal.

How to choose the most satisfactory deposit account?

A term deposit has different names in different countries. It’s also called a time deposit or a certificate of deposit (CD) in the United States. Banks in New Zealand provide different interest rates on term deposits. It’s up to you to compare multiple bank accounts and choose the best monetary option:

Compare interest rates

You should compare term deposit rates while choosing the most suitable banking institution. It is the most crucial factor in the process of opening a new term deposit. The interest rate depends on the minimum amount and the investment timeframe.

Banks in New Zealand allow you to allocate your money for one month to 5 years. The minimum deposit required can also vary between $1,000 to $10,000. The interest rate offered can range from less than 1% to more than 2%. There’s a straightforward rule to remember: more considerable the amount and more extended the maturity, the more interest you can expect.

Interest credited and paid

Banking establishments credit interest to your account and paid it according to a planned schedule. It can be quarterly (4 times a year) or annually (1 time a year). Some banks pay your interest returns monthly, but most of them wait for maturity.

There are 3-monthly and 6-monthly options available too. You have to do substantial research regarding your expenditures and monetary needs before making this decision. You will find that banks are more lenient in interest payments when you’re investing more money. But other institutions let you enjoy interest revenue even if the maturity’s for a month.

Short-term or long-term maturity

The needs of your domestic budget will decide how long you can deposit your money. All ADIs (authorized deposit-taking institutions) provide both short-term and long-term options. But long-term maturity bounds you not to touch that money for years. It causes economic difficulties when you unexpectedly need the money for something else.

On the other hand, the interest rate you’re getting in 2020 may seem fair to you. But if savings accounts start offering an even better interest return next year, you’re stuck at lower revenue. That’s the problem with long-term deposits.

How about online banking?

Shopping around before choosing the most suitable bank for you seems like a decent idea. You should check what kind of incentives, refund options, and customer care service each ADI offers.

Online/direct banking establishments can present to you a higher interest rate. Credit unions – being non-profit organizations – can also give you better investment options.

Invest your interest

Some banking establishments offer you compound interest. It’s like a new interest you get on the previous one. It would help if you researched the frequency of compound interest’s accumulation by your bank.

Daily collection is common, but some financial institutions prefer to compound monthly. It can grow your money by creating a snowball effect (small stuff gradually builds upon itself to become more extensive).

Does a term deposit even benefit you?

Sometimes, a term deposit isn’t even in your best interests. You should research the pros and cons of current and savings accounts as well. If they give you better investment opportunities, don’t deposit your money temporarily.

Therefore, below you can find a comparison of term deposit with a savings account. The list of advantages of a term deposit will help you decide how you want to spend your money.

Term deposit and savings account

• They offer a low deposit amount (varies with banks). But you can’t withdraw your money before the expiration of maturity without paying the penalty.
• It guarantees a fixed interest rate. Savings accounts, however, are subject to the unpredictable financial situations of the global market.
• They provide a secure and risk-free investment opportunity—those who want to place their cash at a safe location and then forget about it.
• They allow short-term (less than a year) or long-term (e.g., five years) ages of maturity. They also don’t allow extra deposits before the termination of maturity.
• It won’t matter to you if the interest rate decreases because you’ve been promised a fixed rate. Accordingly, a rising interest rate won’t affect you either.

What to do after maturity expires?

• You can do nothing, and the money will be invested in another term deposit. Your bank will apply the same terms and conditions, and you’ll receive the same interest rate.
• You can place your cash into another term deposit. You can change the term of maturity and go for a higher interest rate. You can even change banks after the maturity is over.
• You can withdraw your money and put it in a savings account. This strategy involves more risks, but if the market’s good, it’s worth it. Savings accounts have different advantages.
• You can withdraw the money and invest it in silver, real estate or share market.
• You can extract a little amount of money to invest and leave the rest in your account.

Conclusion

In the end, let’s summarize the reasons why you should open a term deposit. There are three main factors you must keep in mind. How long can you invest your money? The investment timeframe will decide how many months/years you can invest your cash. What is the limit to your investment? Where can you get the highest interest return?

These simple queries will help you reach a productive financial decision. Therefore, the secure and risk-free term deposit that offers a preset interest rate is a promising investment. A few thousand dollars placed for a year make for an attractive income opportunity.

As someone who is considering trading in 2020, you want a broker that can match your requirements to the Tee. There is nothing more disappointing than signing up with a broker and realizing that you are trading like the traders from many years ago.

Believe it or not, you can end up with such brokers if you don’t research properly. To help you sign up with the right broker, I have compiled this review of Neuer Capital, a broker that I have had the experience of signing up with.

Just like you, I am a modern trader as well and I always wanted my broker to match my requirements too.

I research dozens, if not hundreds, of brokers in several months. I am not the kind of person who takes decisions on a whim. I take my time and make a decision only when I am one hundred percent sure about it, and I recommend you do that as well.

However, I have taken it upon myself today to inform you about everything that the broker has to offer in this Neuer Capital review. I will not say anything about this broker to admire it.

In fact, I will only talk about the features of the broker, which I think are great for modern traders, and let you decide for yourself.

Neuer Capital and Its Features for Modern Traders

Cryptocurrency Trading

What could be more appealing to modern traders than cryptocurrency trading? There are hundreds and thousands of brokers online that provide you with many different types of trading. You can be in many different financial markets when you sign up with those brokers.

In fact, you can sign up with one broker and be in all the financial markets that you can think of. For example, you have brokers that provide you with CFD trading, and let you trade stocks, commodities, forex currency pairs, indices, and much more from the same trading platform.

However, you can’t really feel like a modern trader unless you get access to the modern assets.

And there is nothing more modern and latest than cryptocurrencies. To tell you the truth, I have signed up with many different types of brokers and saw them providing with cryptocurrency trading among other types.

However, I was always on the lookout for a broker that let me trade cryptocurrencies only. I wanted to keep my focus on only one asset so that I could be an expert at trading it. That’s when I found Neuer Capital, the broker that lets you trade cryptocurrencies only. I was happy to sign up with the broker because I could focus on trading cryptocurrency assets only.

There is one thing that I want to tell you though. I am not really the biggest fan of trading Bitcoin only. Yes, Bitcoin is the biggest digital currency you can get your hands on, but I have always been that guy that goes against the trend.

I wanted to try some other cryptocurrencies than Bitcoin. Neuer Capital gave me that opportunity. I can trade Ethereum, Ripple, Litecoin, and many other digital assets when I am with this broker. Being able to trade so many different types of digital assets is something I had been looking to do for many months and I finally found that with this broker.

In-depth Learning

Another requirement from the modern traders is that they want to learn trading before they can step into this world. You have to realize that trading is not like playing a lottery.

You have to put in some skills to make money here. It just like any other job that you have done in your life, or you can even call it a business. You can see it from many different angles, but the reality is that you cannot make money unless you know how the financial markets work, what makes the prices of assets go up and down, and what the factors are that you should be considering before you enter a trade.

To do all of that, you have to receive proper learning. If you go to third parties, you have to spend a lot of money, which you don’t have to do when you sign up with Neuer Capital. Once you have signed up with the broker, you have access to some great training material that will teach you a lot about trading cryptocurrencies. That’s what I liked the best about the training material from this broker. The training material consists of introductory as well as some advanced strategies. I know a few things about cryptocurrencies, but I learned a lot from the introductory material from this broker.

In addition to that, I liked the way the broker has compiled the ebooks. I think they come from some really able and intelligent people because the way they have explained cryptocurrency trading is something I have never seen from anyone else.

I have tried learning from some YouTubers as well, but their explanations are not as straightforward and good as the ones from the ebooks from this training material. I can recommend the education center from Neuer Capital to you because I have had the experience of trying it out myself.

I have to bring it to your notice that the broker has provided you with ebooks as well as videos. Yes, if you are a fast learner, which I am not, you can use the videos as well for learning. They explain to you some really difficult concepts with ease and do not take as much time as ebooks take in explaining complex concepts.

KYC, AML, and Encryption

I am not sure about you, but the three terminologies you are reading in the heading are the most important factors to me before I sign up with a broker. I can tell you with ease that if a broker misses any of these, I do not sign up with it. The problem is that when you don’t have these policies and protocols in place, you can be sure that the broker you are about to sign up with is not a good one. So, what are these terminologies all about? Let me explain them to you so you can learn their value like I did.  

KYC stands for Know Your Customer, which is a policy that is meant to help brokers identify their customers before they sign up. Why is it important for the broker to get all the information from the trader? Well, if the broker does not obtain this information, money launderers and identity stealers can easily sign up with it. So, someone might sign up with the broker with your identification information without the broker ever knowing about it.

The AML policy is there to ensure that the trading platform from the broker is not used by money launderers. These people use many different layers not only to hide money but their identity as well.

They keep accumulating money in different places but never show their real identity. For that reason, they use the information of others or made-up information when they transact on the internet. The broker makes sure that no such activity can take place on its platform by introducing the AML policy. I can proudly tell you that Neuer Capital is the broker that takes care of this important matter for me.

Lastly and most importantly, you have the broker protecting the information you provide on the website. Encryption is the act of protecting your information through coding. The information is ciphered in such a way that no one can make sense of it even if they get access to it. It turns in to random numbers, alphabets, and symbols. The broker needs to have this technology in place to make sure that the information provided by traders is safe. I was happy to know that Neuer Capital has this protocol in place for our protection.

You can say that one of the reasons for me to sign up with this broker was the presence of these three factors in its services.

Use of Credit Cards, Debit Cards, and Wire Transfers

The broker you sign up with has to make sure that it makes all the methods available to you for depositing your money that is not only safe but fast as well. In the modern world, you have many ways of transacting money with other businesses. However, it is a pity that not all online brokers provide you with all these options.

I was very glad to find out that I could deposit money with this broker in many ways. First of all, I can use the credit card if I want. However, I always wanted to trade with my own money that I already had. That’s why I wanted to use a debit card to deposit funds in my account.

As I mentioned earlier, I have signed up with many other brokers before, but they usually do not offer you the debit card option. In the case of Neuer Capital, it was a rare coincidence. I was able to use my debit card to deposit funds in my account.

However, if you want to deposit funds in your account using your credit card, you can do that with ease. The best thing is that you can use the credit cards from all the major companies of the world including but not limited to Visa and MasterCard.

Now, you will also like the fact that you can use a wire transfer to deposit funds in your account. The broker has arranged for this particular method for traders who are not comfortable with using their personal credit card information on the internet.

I think it is a great option for anyone who is concerned with security. I would not mind using this option either but I have used my debit card many times in the past, so it did not bother me to use here again. However, if you are not concerned with the speed of your deposit but more with the safety of your money, you should definitely use this option.

If you are worried about Neuer Capital being a scam then you don’t need to worry about anything like that. From my experience with this broker, it is a top notch trading platform perfect for new traders who are looking to get their feet wet in the cryptocurrency markets.

Market Review and Webinars

These are the options I don’t think you can do without in the modern world. You have to realize that our world is very fast today. You want to do everything fast and that goes for trading as well. However, you don’t want to step in this world without proper training. But can you get training without spending too much time?

Of course, you can do that with ease and the broker I am telling you about is going to make that possible for you. The broker has made sure that you get a daily market review. The daily market review will help you understand what is going on in the market. This will help you make your trading decisions.

In addition to that, you have webinars available from the broker. That’s something I really loved when I tried it. I think there is nothing better than learning from an expert in real-time.

Yes, I have tried videos and ebooks, but they are not as helpful as a webinar. When you attend a webinar, it is like you are sitting in a classroom where an expert is telling you everything about trading. The best thing is that I was able to ask questions from the professionals who were conducting the webinar.

Just like you, I had many confusions about cryptocurrencies and trading online, which were cleared very beautifully by experts who were conducting the webinar.

Final Thoughts

If you are looking for a broker that can meet your requirements as a modern trader, I highly recommend that you try Neuer Capital. I have compared its features with many other online brokers, but what sets this broker apart is that it is focused solely on cryptocurrency trading and provides you with some great options within that market.

The trading platform is great, the low fees are awesome, and I think the low margins can be a great help for new traders. You can start trading with this broker by depositing on ly $1000 in your account. So, are you ready to make a move?

How Internet Became The Basic Necessity

Since the beginning of the 21^st century to present, the internet has emerged to be a facility that has made its place in every household and is now considered to be a utility. In today’s time, almost every individual has access to the internet whether it’s a village or a remote town.

Having this utility has granted people the opportunity to explore numerous opportunities that they can grasp in order to earn popularity and most of all, wealth. The Internet has also provided people with a platform for innovation and improvisation to make the current online processes even more convenient.

Online Trading, The Next Big Thing

On top of this, internet has given to the common people what the real world could not and that is the convenience of working from home, starting their own endeavors and most of all, the chance to trade that a common person could never think of doing in the real world.

In these two decades, online trading has gained so much success and recognition that even the traders from the real world are now starting to switch their mode of trading.

With this much success, it is very much possible that in the coming years, online trading will surpass real-time trading and will soon become the primary source for the trading community.

Online Assets With Binary Options

In the online trading world, investors are able to try their lucks and make big bucks through the following assets that were impossible to access by an ordinary person in the real trading world:

Stocks

Stocks come into being when the well-known companies such as (Apple, Uber, etc.) go public to sell their assets. This is a common practice among many companies known worldwide that they sell their company assets in the form of stocks in order to generate revenue and capital.

These companies then spend these funds for developmental and research-based projects to strengthen their company’s public value as well as net-worth.

Stocks are also, known as shares and if an investor owns even a single share at a company, it means that he/she owns an asset in that company. It is then up to their discretion whether to keep the stock in their possession for long term or for short before selling it to make profit on it.

Commodities

Ever heard of someone making profits through sale or purchase of crude oil, wheat, cotton, gold or materials that are acquired through natural means?

That is what commodity trading is. In commodity trading, people have a variety of assets to choose from, go through their historical trades data, and make price predictions accordingly in order to generate commission on every succession.

Crypto-Currencies

It is the most recent and secure mode of trading where an investor has the option to either buy crypto-currencies through crypto brokerages or mine them through the mining process that anyone can perform if they have access to high-end operating systems. Once acquired, investors have the option to either use these acquired crypto-coins for shopping or to sell them to earn profits.

Forex

Forex trading is considered the most popular as well as exceptional kind of trading, which is currently ahead of every other trade with a daily transaction volume of $5 Trillion.

In forex trading, investors are able to pick one pair of currencies out of 50-70 pairs of currencies and choose, whether to proceed with selling primary currency from the pair and sell secondary from the same.

Indices

Although, indices involve the same entities (companies) as stocks, but it is traded in a unique manner. In index trading, investors have the liberty of predicting a rise or fall in the combined asset value of companies grouped together that represent a particular country or a continent and earn profits if the predictions turn out to be in their favor.

Benefit Of Binary Options In Online Trading Assets

Although online trading is considered by majority of the investors to be a quick and easy way of making investments and enjoying the benefits, for some it is still a slow process of making profits. Which is why Binary Options was introduced as a unique feature, giving investors a betting experience where all they had to do was to predict the value of an asset at a particular time and earn profits worth 60% to 80% percent.

Investors How Fraudsters Swindle Through Binary Options

Due to its quick nature, binary options attract investors from every field and experience level to try their luck and make quick profits. This is the reason why the binary options scam has become a playing field for fraudsters and brokers, whose only intentions are to lure people into believing that they are making huge profits.

The investors are even able to see these profits in their accounts until the accounts get banned without any reason. From this point onwards, no matter how much they try, the investors cannot even withdraw their own money let alone the profits.

Is it possible to recover money from binary options fraud?

Unfortunately, it is almost impossible to recover the money lost to an online fraud because the fraudsters/brokers who lure innocent people, never use their actual address, and the addresses they provide, are either fake or somewhere on an island or in a country, where there are zero regulations against online scams or swindles.

Additionally, these criminals are pros in swindling people and know exactly how to hide their location and IP(s), making it extremely difficult for the regulatory authorities to trace them and bring them to justice.

What to do then?

It is true that money lost to a scam is impossible to retrieve. However, one can always make sure that others do not end up in the same spot as they did by sharing their experience via social media. This step can warn people and has the potential to save money for millions of individuals.

Furthermore, people who have been scammed and are too afraid to admit it can now seek guidance from money-back, which is a company, created by a group of lawyers and psychologists who are experts in their fields and equipped with the necessary knowledge to help retrieve your money.

At money-back, you have the privilege of having a free of the charge counseling session and go through all the necessary options and put things in motion by paying a very reasonable and negotiable price. Learn more about getting your money back from investment and trading scams here.

If you are an owner of gold or silver coins, bars, or any other physical form, you must be thinking about the various options for storing these items. There are a number of options that you can take into consideration when thinking about storing your gold and silver bullions and keeping them utterly secure and safe.

Home Safe

Although the most popular, home safe is not the safest way of storing your gold and silver bullions. Saving your precious metals at home means that they are constantly exposed to the risk of fire or flood. However, if you opt for a home safe, consider the location of your home first and then ideally install it on the floors of your home. Also, always have your bullions insured in case of the occurrence of any of the above mentioned events.

Home Hiding Spots

As mentioned in the previous section, you can use the floor for safekeeping your metals. But other secret hiding spots at your home can also be used. These include the attic, floor boards, behind or under the furniture, and other areas.

Safety Deposit Box or Bank Vaults

A safer option for storing all your gold and silver is at a safety deposit box held by a bank or using bank vaults instead. Safety deposit boxes come in different sizes and price points, and are highly convenient and secure. And even safer choice is bank vaults, where thefts rarely ever take place.

The security provided by these two options is offset by their availability: banks have limited opening hours so if they close up, you cannot access your vault of safety box. A drawback of opting for a safety deposit box can also be that using them requires a declaration list of all items to be submitted to the bank.

Third Parties

Gold and silver storage options are also provided by third party firms or depositories. These organizations offer a safe storage facility for your metals and charge a minimal fee for the service. This can be the safest of all storage options if you have a substantial amount of holdings. Some of these facilities might even be located overseas hence providing an added tax benefit over the other discussed options. This might even protect you against certain economic and political situations of your home country: litigation, repossession of gold, or social turbulence. Austria, New Zealand, Grand Cayman, Singapore, and Switzerland are some of the best countries to store your gold.

According to Gold News Australia, there are two storage types provided by these third parties. Firs is allocated storage where your metals are stored in a shared storage space along with those of other people option for the third-party storage. Second is the segregated storage option where your gold or silver is kept in a private space.

Precisely there are various options for the storage of your gold or silver bullion. However, before choosing any of the above options you should be mindful of whether or not your storage space is cool and dry to prevent excessive heat or moisture, which may devalue your investment by a substantial amount.