Publicado en finanzas, Pasos para Comprar

Legend Who Bought Apple at $1.42 Says Buy TaaS Now

I made my mark on Wall Street over the past 20 years by starting my first hedge fund with just $1 million… which I ultimately grew into a series of funds worth more than 200 times that amount.

Along the way I met Presidents Clinton and Obama… have been asked to speak at the most prestigious business schools (like Harvard, Columbia, and Wharton)… and was fortunate to identify some of the best investments in the world, in the very early stages, including…

  • Netflix when it was $7.78 a share ( today it’s worth 4,800% more )
  • Apple at $1.42 (it’s up 18,000% since then)
  • Amazon at $48 (it’s up 4,000% since then)

I’m writing today because my team and I have found what we believe will be the next big tech trend that will make investors rich .

It’s called TaaS —and if you haven’t yet heard of this technological breakthrough, you soon will.

Over the next few years, TaaS will change the way you eat, shop, work, and travel. It will change the value of our homes and where we live. It will radically alter prices for airline and train tickets, gas, and even household goods. It could even help slow the spread of the coronavirus… and help get the American economy moving again.

Along the way, it could make you a small fortune.

Look, this is going to be the biggest trend affecting you and your money over the next few years—yet most Americans don’t have a clue.

And that’s why I’m going public today with the full story. I’ve traveled around America and the world in recent months (more than a dozen trips in the past six months), talking to every expert I can find.

I’ve put everything you need to know in a simple presentation, where you’ll even learn the name and stock symbol of my favorite TaaS investment in the world today .

No subscription, e-mail address, or credit card required.

You can watch or read my presentation for free right now. We’ve posted it on my research firm’s website, right here

Best regards,

Origen: Legend Who Bought Apple at $1.42 Says Buy TaaS Now

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Publicado en finanzas

How To Make Money During A Recession

We will experience another recession, maybe even a depression. 

I thought it could start as early as 2018 and declared it would be no later than 2020, but I had no idea about COVID-19 and just how severely it would hit. Now the conclusion from most is that it’s inevitable and the Fed is worried about a depression. 

However, drowning in worry and scarcity as we face this downturn isn’t the best approach.

It’s also pointless to try and predict when this will turn around, fully recover, or even hit bottom.  Instead, I’m going to share five ways that you can keep your business alive and even turning a profit in this economy. 

#1: It’s All About Liquidity 

Our goal in this first step is to build an automated system to create cash. To do that, I want you to automate your savings and be deliberate with your investing. Let’s start with your savings: you want it to be available, assessable and unaffected by the market. Your savings might not make money. It is about creating peace of mind, staying power and ensuring you’ll have the cash to capitalize on the opportunities that present themselves. 

If you are already tight on cash and cash flow isn’t strong, consider refinancing loans in this low interest rate environment. This can be business loans, mortgages or even cars. The key is to lower your outgoing cash requirement and have cash on hand to weather the storm. 

For those that have access to cash, you can make money on the buy. For example: I have a friend named Bob who helps distressed home sellers. These are people who have a property, maybe even some equity, but they’ve got to get rid of it. Maybe they can’t afford to pay their mortgage or they bit off more than they could chew and the stress is keeping them up at night.

When these sellers look to liquidate their assets, who do they liquidate them to? People like Bob who have cash. I want you to build liquidity so you can seize opportunities. There is already an opportunity to buy small businesses that are cash strapped. 

For those businesses that complement your existing business, you can gain access to infrastructure, employees and save businesses from going under. Again, make money on the buy and be part of the solution. 

#2: Reallocate, Restructure And Renegotiate

If you have any underperforming assets, you can cash them out to pay off higher interest rate loans. For example, using cash value from a life insurance policy, intra-family loans, or in some cases loans from retirement plans to pay off higher interest rate loans. Right now, if you qualify and have the time to apply, the SBA has low interest rate loans with longer terms to manage cash flow.  

You also might be paying too much interest because you don’t have the right credit score, cash flow reporting (therefore not getting the best deal from banks), collateral or even the right connections—but you can change that.

Restructure loans by using equity to pay off higher interest rate loans. I also want you to look at renegotiating your interest rates. With credit card companies, negotiating a lower rate is easier than you think. Even with a mortgage, you can do a streamline refinance and stay with the same entity or organization.

If you have a credit card, you could look at refinancing it into a car loan, which will lower your payments. Do you have a mortgage with a lot of equity built up? If you could refinance it and pay off a business loan, you would lower your interest payments. If you cashed out a mutual fund or certificate of deposit that was non-performing or underperforming, then took that cash and paid off a high interest rate loan, you’d be looking at a guaranteed return. 

#3: Stop The Losses

You don’t have to participate in the downside of the market. If you have an investment, you can set up a stop-loss, which means you automatically move to cash if the market goes down by a percentage. So, if you’ve got retirement plans or investments in the stock market, you determine the point where you are unwilling to suffer losses or deal with volatility and remove the risk. 

Instead, use your money to hire employees and invest in yourself. You are your greatest asset. Invest in developing your skill set and only invest in what you know. 

Moving to cash prevents the inevitable mental stress of a falling market. During this time, assess your competencies and begin investing with focus. Determine the investments that make the most sense to you. Are you investing or speculating, creating certainty or gambling? What type of investor are you and what investments make the most sense? 

Risk is not in the investment. It’s in you, the investor. Stop relying on people who know more about sales than financial strategy. Stop handing your money without knowing your exit strategy, mitigating your risk or without creating immediate cash flow. 

I want you to invest in yourself, develop your abilities and become more productive today, so that you can be part of the solution during these trying times.

#4: Stop Tipping The Government

It’s your duty and responsibility to save on taxes legally and ethically, so how can you maximize your deductions? Here’s a great example: if you have a home office, you can actually write off more of your vehicle. Why? Because you’re going from your home office to another office, which gives even more justification for owning that vehicle.

What are some other ways you can maximize your deductions?

  • Could you pay your kids? (It’s tax deductible and they don’t have to claim income.)
  • Could you rent out your home to your business for 14 days a year?

Smart business owners document every dollar that goes toward their business and put together a tax team to help them maximize their deductions, which makes each dollar more productive.

#5: Reclaim Insurance Costs

With your insurance, it’s time to get rid of duplicate coverages and improper structures. Also, when you only insure catastrophic things, not inconsequential things, you keep more money. 

This might mean raising your deductibles and dropping short term insurances if you have enough savings set aside. You could increase your elimination period on certain insurances so they kick in later. Look for multi-policy discounts or using an umbrella policy and lowering your limits of liability to the minimum to be more efficient. 

When you make these changes, you will lower your premiums. You can invest that money back into yourself and build up your liquidity, or acquire more catastrophic coverage and transfer risk to the insurance company. If something catastrophic happens, they’re on the hook, not you.

While Others Worry, You Can Prepare

Bottom line: it’s time to minimize worry and scarcity and instead focus on making moves today that will help you navigate this chaos while being able to be a leader for others.

Build liquidity. Restructure loans. Protect the downside. Save on taxes. Eliminate inefficiencies with insurance. 

If this recession becomes a depression, there were still one-third of people that thrived during that tumultuous time. 

Origen : How To Make Money During A Recession

Publicado en finanzas

Millions of Americans won’t be able to pay all their bills this month. What financial experts advise

If you’re like most Americans, the coming months are going to mean making some hard financial choices. Pay the rent, or pay off high-interest credit card bills? What about medical bills? Food?

Over 6.6 million Americans applied for unemployment last week, setting an all-time record. Many have been laid off, furloughed, or had their hours reduced. Some who are still able to work are having their pay cut significantly. And even if you’re one of the lucky ones who haven’t had your employment affected by the coronavirus pandemic, your investments, including your 401(k), have likely taken a terrifying hit. 

This is all to say that many Americans, along with the rest of the globe, are trying to make ends meet and coming up short. Fortune spoke with personal finance expert Bola Sokunbi of Clever Girl Finance and Rod Griffin, senior director of customer education and advocacy at Experian, to help understand the best strategies for anyone who is struggling. 

What if I can’t afford to pay my bills? 

Both experts agreed that you need to focus on the essentials first. “Look at paying the bills that will keep a roof over your head, food on the table, clothes on your back, and keep you healthy,” Griffin says. “Those are the key issues right now.”

Communicate with all of the companies to which you owe money and explain your situation. Often, and particularly in a worldwide crisis such as this, they’ll help you figure out a plan that works for you. You can also work with the companies you owe to create a plan to pay off more of your debt once you have more money coming in again.

“A big mistake people make is assuming that their landlord, lenders, and creditors know they’re going through hard times,” Sokunbi says. “But you have to communicate.” 

If you can’t pay a few bills, that isn’t the end of the world, she says. The entire globe is struggling with an economic downturn of historic proportions. You are not alone, and this is not your fault. “Your credit score is important, but life is happening now,” says Sokunbi. “All of this can be rebuilt.”

Will not paying rent and other bills hurt my credit score? 

The short answer: maybe. 

Credit cards, loans (including student debt and car payments), and mortgages are reported to credit bureaus, and thus show up on your credit report. So these are the bills that will most likely have the quickest effect on your score if left unpaid. However, governments at the state and federal level, along with several companies, are reducing or suspending payments of mortgages and certain loans.

Griffin encourages people to get their credit reports for a comprehensive look at what debts they have and what they owe to whom. Many of your monthly bills like rent, phone plans, electricity, and childcare won’t be on this report, because they are not typically reported to the credit bureaus. 

However, if you don’t pay those bills, creditors can send your case to debt collectors, who will most likely report that delinquency. Then you will end up with a negative mark on your credit report. 

But if you communicate with your lenders and creditors, they will often work with you to set up a plan and are far less likely to report you to debt collection agencies. You can also negotiate with them to be granted forbearance or deferment, types of temporary postponement of payments without negative credit affects, Griffin said.

He also noted that an increase in credit utilization is expected during the COVID-19 crisis as people use their credit cards to get through the tough time. That will make credit scores drop, but he said not to worry. 

“Once we’re back on our feet, your scores are going to improve again,” he said. “It’s a credit history, but you can control it, you can change it. It will go up and down, and that’s okay.”

Do I have to pay my rent and/or mortgage this month? 

Given how swiftly the coronavirus pandemic has swept the globe, you might find some relief when it comes to keeping a roof over your head. 

As Fortune has reported, mortgage giants Fannie Mae and Freddie Mac both have ordered lenders to be more flexible with borrowers, reducing or suspending payments for up to 12 months. That action alone covers half of the country’s home loans.

Other lenders are making accommodations such as offering “forbearance,” which allows borrowers to delay their payments (but could also mean that they owe those payments as a lump sum at the end of the agreed-upon period). Experts say a better option is mortgage modification, which allows you to skip payments for a set period of time and repay the lender in a variety of ways.

What happens if I don’t pay my utilities? 

Normally, utilities providers would shut off your water, lights, heat, or phone service if the bill goes unpaid. That could still happen, but in an unprecedented time of crisis such as the coronavirus pandemic, many governments and companies are freezing shutoffs. 

Again, Griffin says the best thing you can do is communicate with your providers that you are unable to pay the bill in full. That communication will curry good favor and work toward a solution that benefits both parties. 

When will I get my coronavirus relief check?

The coronavirus relief bill passed by the president and Congress includes $2 trillion worth of stimulus for the American economy, including $1200 checks that will be issued to qualifying individuals. 

Experts believe this will take longer than Treasury Secretary Steven Mnuchin’s optimistic two-to-three-week timeline. Erica York of the Tax Foundation told Fortune that the fastest the federal government has ever issued stimulus checks was six weeks. With that in mind, expect your stimulus check to arrive sometime in May or later.

To get your stimulus check as quickly as possible, make sure the IRS has your direct deposit information. To do that, you can check if your latest tax return included it, or if you haven’t yet submitted your 2019 taxes, make sure to include your bank information for direct deposit when you do. That way, the money will be deposited rather than mailed in the form of a check. 

How can I apply for unemployment benefits? 

If you’ve been laid off, furloughed, or even, in some cases, had your hours reduced, you can apply for unemployment benefits from your state and the federal government. The CARES (Coronavirus Aid, Relief, and Economic Security) Act even allocates extra unemployment benefits for those that have lost their work due to COVID-19. This includes part-time employees, freelancers, independent contractors, gig workers, and the self-employed. 

These benefits should be quickly paid out, as the CARES Act incentivizes states to move quickly. 

On top of unemployment and individual stimulus checks, there are many government and nonprofit resources you can utilize for help paying your bills this month and in the coming months. 

Both Griffin and Sokunbi stressed that inability to pay bills right now is not a personal failing. “My best advice right now is there’s a lot that’s out of our control,” Sokunbi says. “Do what you can and then disconnect. Focus on your family, focus on self care. We just have to wait this out.” 

 

Origen: Millions of Americans won’t be able to pay all their bills this month. What financial experts advise