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Fueling The Us Economy's Middle Market Growth Engine
It has a major presence in New York and different world monetary facilities both out and in of Europe. And if you are the owner of a privately held firm and this data has peaked your interest or even led you to have more questions, then attending a Generational Equity M&A seminar can be a sensible next step. A few hours of your time will provide you with substantial ideas to pursue in order so that you can take advantage of our present seller’s market.
Job Openings Related To Middle Market Investment Bank
It is a mix of equity, mounted deposits, company bonds, liquid funds and authorities funds, among others. Based in your danger urge for food, you can determine how a lot of your cash may be invested in equities via NPS. Debt mutual fund schemes are suitable for traders who want regular returns. They are much less unstable and, therefore, thought of less risky compared to equity funds. Some of the middle-market banks resemble regional boutiques in that they concentrate on providing services to a specific trade or sector. For instance, one of the extra acknowledged center-market investment banking companies is KBW, an investment bank that focuses on working with monetary services sector companies. Some of the more well-recognized middle-market corporations are Piper Sandler Companies, Cowen Group, and Houlihan Lokey. National full-service center market corporations – Expand their companies to mix funding banking, wealth management, equity analysis, and brokerage and personal fairness companies. Banks are financial institutions offering a breadth of products and services, together with managing deposits, lending, wealth management, forex trade, and funding banking. Examples of properly-identified elite boutique funding banks are Lazard LLC, Evercore Group LLC, and Moelis & Company. The smallest of the investment banks, each when it comes to agency size and typical deal dimension, are the banks known as regional boutique banks. This lack of a succession plan, coupled with impending retirement, creates an urgency for these companies to alter arms, and bodes well for traders and corporations to amass, consolidate and develop them. Most senior debt suppliers will wrestle to supply all of the money wanted to fund an acquisition. It is comprised of corporations that are not giant enough to receive massive bank loans, yet it's too giant to receive small enterprise loans. Upstream movement from a microbusiness to being a center market entity necessitates that you just turn into a manager and learn to manage managers. Therefore, administration and hiring expertise are very important within the lower center market. put their give attention to the decrease center market section and improve proficiency in doing deals in the segment. The most amount that may be invested in the scheme Rs 15 lakh. At maturity, the investment amount is repaid to the senior citizen. In the occasion of death of senior citizen, the money will be paid to the nominee. SCSS has a five-yr tenure, which could be additional prolonged by three years as soon as the scheme matures. if you are able to leverage your skills to get an fairness stake someplace you need to be on the trail to more wealth. I'm just curious, but how does the efficient tax come out to 50%? Is it the AMTI that causes each marginal dollar to be so low or what? On December 1, 2005, Stifel Financial closed on the acquisition of the Legg Mason Capital Markets business from Citigroup Inc. The LM Capital Markets business acquired included investment banking, fairness and glued earnings analysis, equity gross sales and buying and selling, and taxable fastened income gross sales and buying and selling . These assets gave the company substantial research and capital market capabilities and reworked the corporate from a regional agency to a national one. Each of the bulge bracket banks operates internationally and has a large world, in addition to home, presence. Most bulge bracket banks also have industrial and retail banking divisions and generate extra income by cross-promoting monetary merchandise. The Public Investment Fund of Saudi Arabia is that nation's sovereign wealth fund. A hedge fund is an aggressively managed portfolio of investments that makes use of leveraged, lengthy, short and by-product positions. Credit Suisse came underneath fireplace from U.S. regulators for allowing its nicely-identified consumer confidentiality to help others avoid paying taxes. The firm has CHF 796 Billion in assets, equivalent to about $800 billion USD. The company has a serious U.S. presence, partially pushed by its merger with First Boston with a relationship going back to 1978. Eric Rosenberg lined small business and investing products for The Balance. Information Generational Group publishes on the World Wide Web may include references or cross references to other products, applications and providers that are not announced or out there in your nation. Lower middle market companies principally use mezzanine finance as a capital supply for acquisitions, although it can also be used for development capital, in addition to other monetary needs. It offers an a variety of benefits, similar to little to no dilution and a comparatively larger funding amount. One fascinating product for a non-US company is its focus in U.S. municipal finance . The bank also works in conventional investment banking services like M&A and fairness and debt market points. Most regular shoppers received’t want investment banking companies, but for rising companies and excessive-net-value individuals, an funding financial institution may supply distinctive financial services to meet your needs. An investment associate should deliver a spread of experience to the desk including a really strong observe report of execs who have successfully built center market corporations throughout a variety of industries. In an age the place capital has become a commodity, alignment round values quite than valuation alone is more and more essential to the profitable outcome of partaking non-public fairness. Investment banking compensation could not range all that much between working for one of many largest bulge bracket banks as in comparison with a smaller, elite boutique bank. While the bigger banks commonly handle bigger offers, those offers are few and much between smaller deals.
Stifel Employee Reviews
are monetary establishments or intermediaries that deal mostly with mid-market corporations, particularly for raising debt or fairness capital in addition to mergers and acquisitions.
Today, massive banks cater to their traditional clients, which incorporates particular person prospects and both massive and small corporations by providing savings and checking accounts, certificates of deposit, loans and similar companies.
Many of them also have companies that operate as funding banks, and work with corporate and institutional shoppers by offering underwriting of inventory offers, brokerage, and M&A advisory.
The definition of a business financial institution has advanced dramatically up to now a number of decades.
Middle market firms are mid-size companies having annual revenues from $10 million up to $500 million and one hundred to 2,000 staff.
Bank Of China focuses primarily on industrial banking actions similar to deposits and withdrawals, and international exchange. The bank also is even licensed to issue banknotes in Hong Kong and Macau. We specialize in delivering dependable, creative and compelling financing options to middle market corporations backed by personal equity sponsors. The firm’s credit experience also forms the inspiration of our Late Stage Lending enterprise and our Broadly Syndicated Loan funding program.
Are Investment Bankers Rich
I’m presently 21yrs old & finally transferred into a high 5 undergraduate enterprise program right here in Toronto, previously was learning biology for the mistaken causes. I tend to main in Accounting & Finance + Minors in Computer Science and Applied Statistics + Will be going by way of a rigorous coding bootcamp program. Yes, you might get extra consumer publicity and responsibilities in some teams, but you can additionally get stuck working on a lot of boring, normal sell-facet auctions and personal placements. Like other funding banks, the advisory companies of Bank of America Merrill Lynch are necessary for corporations looking to increase funds in public markets. When going public, funding bankers help decide the preliminary share value while balancing liquidity and demand. However, a excessive-return, low-risk mixture in a investment product, unfortunately, does not exist. Most buyers need to make investments in such a method that they get sky-high returns as shortly as potential with out the risk of dropping principal cash.
Middle Market Investment Bank Salaries In The United States
On the downside, there was an especially negative individual within the division who received together with no one. Pay was also mergers and acquisitions advisory very low, with only small cost of residing changes annually. While bonuses increased with longevity, you couldn't construct your salary. In a mezzanine loan, there might be collateral within the type of a pledge inventory. Step by step instruction on how the professionals on Wall Street worth an organization. certification program, designed to remodel anyone into a world-class financial analyst. In an actively traded fund, the returns are largely depending on a fund manager's capacity to generate returns. Index funds and trade-traded fund are passively managed, and these observe the underlying index. Equity schemes are categorised based on market-capitalisation or the sectors during which they make investments. The Central Bank with impact from July 1, 2020 has launched Floating Rate Savings Bond, 2020 . The biggest distinction between earlier 7.seventy five% financial savings bonds and the newly launched floating fee bond is that the interest rate on the newly launched financial savings bond is topic to reset in every six months. While they typically have locations spanning a single nation, center market banks are rarely found internationally. Full-service funding banks supply a variety of business and funding providers. Chief Executive’s publications are designed to assist CEOs do their jobs better and run their businesses more effectively. Those that begin doing so now will set up themselves fully in a market that, by design, is much more difficult to oversaturate as a result of its sheer volume.
What is a forex live test? It is a test connected by forex specialists in which authentic brokers can share. This isn't for everybody since it blends genuine cash. Before you join any forex live exchanging challenge, you ought to without a doubt join the forex demo challenge first to experience how a test limits. Accurately when you experience enough getting together with demo troubles, by then you can try forex live challenges. It is a good framework to win cool and stunning prizes. By a wide edge the vast majority of the troubles are held either constantly, each little advance in turn or month to month Essentially review that you are defying a test with your undertaking since you are exchanging with credible cash in the live test. We unflinchingly propose you get a no store prize on the off chance that you are new to genuine exchanging. Before you search after the test, promise you read all the terms and conditions carefully. Affirmation you can satisfy these terms and conditions. Going before inspecting the test, know whether there are any stores that you have to make. Demand that you have elegant assets. You can be blocked if your head recognizes that the data or archives you gave are stunt. Since Forex No deposit Bonus exchanges with authentic cash, you should consider the hazards being recommended. The key objective here isn't connected with winning the test yet to exchange expertly. There are 3 perspectives you can use in any live record exchanging. We consider it the 3M: Money Management, Method, Mental. In live exchanging, the security of your capital is fundamental. It is a silly intend to bet away your safeguarded cash. We as a rule utilize the danger reward level of 1:2. It amasses in each exchange, we have the likelihood to lose 100 Dollars or to win 200 dollars. With this reasonable cash the heads figured, we can augment our productive prospects. It is said that with the correct cash the board, we can overpower in forex exchanging. By essentially watching the inclination for how we risk our hypothesis, we are prepared for the forex live test. With the noticeable thought of the web, forex exchanging is overwhelmed with various kinds of forex structures and frameworks. All these are overpowering and can be confusing. You ought to no doubt pick a structure that is positively not hard to comprehend. A decent procedure is one that is clear and clean. At whatever point you have aced it, stick to it. One destructive misconception made by all amateur transporters is that they impact starting with one framework then onto the going with, for instance, taking care of the favored goal. There is nothing of the sort. Affirmation the structure that you have at the top of the need list for exchanging ought not be a brilliant one. You should have the decision to uncover it to an adolescent who is around the age of 12 or something like that. The exchanging of huge worth progression fits out and out well here. This framework is viewed as the most peaceful exchanging strategy. This structure can without an inside and out amazing stretch be clarified. On the off chance that you clarify the brief bits of cost in the market, you won't need to genuinely explain with the jumbled terms like exchanging programming, the tangled math, or such a pointers.
Summary of offers (total £100+) that require no deposit or spend (great for new members!)
I've noticed among the new members joining, people sometimes ask which offers they should do first, or which ones they could do when they don't have the £/€100 it takes to do many of the offers here. So I hope this little summary of no-spend offers will be helpful to you! You can make ~£107 with the offers below without spending anything (up to £216 if you do the extra tasks). Notice I included some cryptocurrency offers - don't be afraid of these; they carry pretty much zero risk as you don't need to deposit anything (=buy crypto) - you only need to convert the cryptocurrency bonus back into £/€. If you need help with this, feel free to message me. I also mention Revolut below, which is a popular online "bank" account. My app is currently not showing any promotions for new users, but perhaps someone else has a referral link for you that will make you some cash! Swissborg:~$65 A Swiss fintech focusing on crypto wealth management. You earn CHSB (their token) by collecting badges for doing simple tasks in the app. You can get 600 CHSB (~$65) without much effort, and if you can invite 20 people, you can get up to 1750 CHSB ($190). Please check the current CHSB exchange rate as the token's value may fluctuate.
Register for an account (use my referral code ETTVC6Q and we both get 3,000 points). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :) [don't use a code for no bonus]
Collect badges and earn!
In order to redeem the prizes, you'll need to download their Wealth app and verify ID. The rewards should be redeemable in Q3 2020, once the competition ends (by September).
Sign up with my link (non-ref-link, no bonus) and verify your identity. (Prepare your passport and a printed proof of address (e.g. bank statement). If no-one picks up for more than a few mins, hang up & try again)
Create a bitcoin wallet in your account.
€15 will be credited to your account within 15 business days. You can withdraw it right after you receive it.
Your bonus will be credited once you reach £10 in confirmed cashback. Again, you could browse the no-spend offers, or buy something from a store where you'd shop anyways!
Curve: £5 A debit card to which you add your existing cards, and then you only have to carry the Curve card and choose which underlying card to pay with in the app.
Download the app using this link (use code D8XMLG5E when signing up. No code, no bonus.)
Order a free card (=Curve Blue).
When it arrives, link a card you already own to your new Curve card.
Make a first transaction with the Curve card (this can either be a regular in-store/online purchase, but people have successfully gotten the bonus just by linking the Curve card to their Paypal account or by connecting it to Google Pay/Apple Pay - so you don't have to spend anything. There's also no minimum spend requirement.) Note: you must make your first transaction within 7 days from signing up!
£5 will be added to your Curve Cash card. You can spend it immediately. You can also send it to your Revolut - set up a payment link in Revolut, and pay it using the Curve card, with Curve Cash set as the underlying card.
Complete the beginner quiz and receive €5 in BEST (the Bitpanda token).
Bonus: you can get an extra €10 if you're willing to deposit €25 and complete your first crypto trade of at least €25. The bonus will be credited instantly. Tip: buy BEST for €25, and then sell all BEST including the €5 bonus.
Note: you can withdraw the bonuses right after you receive them, but the minimum withdrawal and deposit amount is €/£25, so you can either deposit €/£25, get the extra €10, and withdraw everything back, or - if you don't want to deposit anything - you can transfer the BEST bonus to another crypto exchange or wallet. Up to you :) Detailed post about Bitpanda Zelf: €5 An upcoming service where you can do banking in your favorite messenger app (Messenger, Whatsapp, etc).
Summary of offers (total £70) that require no deposit or spend (great for new members!)
I've noticed among the new members joining lately, people sometimes ask which offers they should do first, or which ones they could do when they don't have the £/€100 it takes to do many of the offers here. So I hope this little summary of no-spend offers will be helpful to you! You can make £70 with the offers below without spending anything (up to £100 or even more if you include the "bonus" tasks). Notice I included some cryptocurrency offers - don't be afraid of these; they carry pretty much zero risk as you don't need to deposit anything (=buy crypto) - you only need to convert the cryptocurrency bonus back into £/€. If you need help with this, feel free to message me. I also mention Revolut below, which is a popular online "bank" account. Sadly my app is currently not showing any promotions for new users, but perhaps someone else has a referral link for you that will make you some cash! Swissborg ($17+) (edit: this is now worth at least $50 as of 10 June, the token's value has gone up) A Swiss fintech focusing on crypto wealth management. You earn CHSB (their token) by collecting badges for doing simple tasks in the app
Register for an account (use my referral code ETTVC6Q and we both get 3,000 points). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :)\don't use a code for no bonus])
Collect badges and earn!
In order to redeem the prizes, you'll need to download their Wealth app. The rewards should be redeemable starting in June. The app is already available for download; get it, pass KYC and you'll be ready to receive your rewards.
Bonus: if you can refer up to 20 people, you'll get $50 in total. ($150+ as of 10 June) Detailed post about Swissborg Bitwala - €15 A German bank account with integrated crypto services.
Sign up with my link (non-ref-link, no bonus) and verify your identity. (Prepare your passport and a printed proof of address (e.g. bank statement). If no-one picks up for more than a few mins, hang up & try again)
Create a bitcoin wallet in your account.
€15 will be credited to your account within 15 business days. You can withdraw it right after you receive it.
Your bonus will be credited once you reach £5 in confirmed cashback - browse the Free Cashback section for no-spend offers, or search for "MyHeritage," you could get £5.20 for doing a free trial (just make sure to cancel on time).
Your bonus will be credited once you reach £10 in confirmed cashback. Again, you could browse the no-spend offers, or buy something from a store where you'd shop anyways!
Curve - £5 A debit card to which you add your existing cards, and then you only have to carry the Curve card and choose which underlying card to pay with in the app.
Download the app using this link (use code D8XMLG5E when signing up. No code, no bonus.)
Order a free card (=Curve Blue).
When it arrives, link a card you already own to your new Curve card.
Make a first transaction with the Curve card (you can try to top up your Revolut account and therefore not spend anything extra, but you can also just make a regular purchase, however small, if Revolut doesn't work)
£5 will be added to your Curve Cash card. To withdraw it, set up a payment link in Revolut, and pay it using the Curve card, with Curve Cash set as the underlying card.
Bitpanda - €5+ A reputable Austrian cryptocurrency exchange.
Complete the beginner quiz and receive €5 in BEST (the Bitpanda token).
Bonus: you can get an extra €10 if you're willing to deposit €25 and complete your first crypto trade of at least €25. The bonus will be credited instantly. Tip: buy BEST for €25, and then sell all BEST including the €5 bonus.
Note: you can withdraw the bonuses right after you receive them, but the minimum withdrawal and deposit amount is €/£25, so you can either deposit €/£25, get the extra €10, and withdraw everything back, or - if you don't want to deposit anything - you can transfer the BEST bonus to another crypto exchange or wallet. Up to you :) Detailed post about Bitpanda Zelf - €5 An upcoming service where you can do banking in your favorite messenger app (Messenger, Whatsapp, etc).
Ought to you jump in and begin using your onerous-mined bitcoins within the markets? Find out the risks and advantages initial.KEY TAKEAWAYS The market is devoted to trading in the globe's currencies. https://preview.redd.it/u8gle9a0m4f51.jpg?width=770&format=pjpg&auto=webp&s=9368e9fe9613884fb4fd0c86fb716e50319f2d53 Many brokers currently settle for bitcoin and different cryptocurrencies. Bitcoin trades benefit from the anonymity and decentralized valuation system the currency represents. They add a replacement layer of risk trading, exacerbated by the acute volatilityStandard Forex Trade Before you think about whether to trade using bitcoin, it's helpful to understand how a standaroretrade works. A forex trade is simply an exchange of 1 currency for an additional at its current rate. Unlike tourists who exchange their home currency for local spending cash, forex traders are trying to form cash off the continual fluctuations in the real value of 1 currency against anothe
Imagine you're an American trader betting that the British pound can lose price compared to the U.S. dollar. This is termed trading on the British pound/U.S. dollar currency pair (GBP/USD).The Impact of Decentralization The key distinction is that, though forex exchanges would possibly be decentralized, the currencies themselves are backed by central banks in the countries that issue them. It's the duty of those banks to stabilize the value of their currencies and keep them stable Now think about an example of a forex trade using bitcoin. First, you open a forex trading account with a broker who accepts bitcoins. These embody AvaTrade,one? eToro, and LiteForex.a pair of? You then transfer 2 bitcoins from your digital wallet to the forex broker’s digital wallet. If you wish to trade using bitcoin, use only a locally regulated forex brokerage. And avoid using leverage till you know what you are doing. Assuming the present bitcoin to U.S. dollar rate is 1 bitcoin = $seven,500, your deposit of two bitcoins is value $fifteen,00zero. Now, assume that you would like to require an edge in British pounds. If the exchange rate is £zero.five = $one, you may receive £7,500. When it rate changes to 0.45, and you square off your position t.sixty five in your trading account. You have got made a tidy eleven.elevenpercent profit and you're prepared to cash out. Despite the very fact that your bet on British pounds earned you an eleven.11% profit (from $fifteen,00zero to $16,66six.65), the fluctuation in the bitcoin to U.S. dollar rate suggests that that you sustain a loss of zero.039 bitcoin or about -two.percent. (Initial deposit of 2 bitcoins — 1.961 bitcoins = .039 bitcoin). However, had the bitcoin to U.S. greenback exchange rate changed to 1 bitcoin = $7,000, you'd realize a benefit from both the forex trade and the bitcoin exchange. You'd have received ($16,66half dozen.65/$7,00zero) = two.381 bitcoins, a profit of nineteen.onepercent. Increased Unpredictability This hypothetical example illustrates the large reason to exercise caution when using digital currencies for forex trading. Even the most fashionable and widely used cryptocurrency, the bitcoin, is highly volatile compared to most traditional currencies. Within the year ending July 24, 20twenty, the value of a bitcoin ranged from $five,532 to $eleven,982 This unpredictability means that that the risks associated with trading forex using bitcoin are that abundant larger Beyond the exchange rate fluctuations impacting profit and loss, there are other edges and risks to consider before trading forex with bitcoin Decentralized Vauations: A major advantage of trading forex with the bitcoin is that the bitcoin isn't tied to a central bank. Digital currencies are free from central geopolitical influence and from macroeconomic issues like country-specific inflation or interest rates. High Leverage: Many forex brokers offer leverage for bitcoin trades. Experienced traders can use this to their profit. However, such high margins ought to also be approached with great caution as they amplify the potential for losses. Low Deposit Amount: A trader can begin with as little as $twenty five with some bitcoin forex trading firms. A few forex trading companies have even offered promotions sort of a matching deposit quantity. Traders ought to check that the broker is legitimate and appropriately regulated. Low Cost of Trading: Most forex brokers that settle for cryptocurrency are keeping brokerage costs terribly low to attract new shoppers. Security: You don’t would like to reveal your bank account or mastercard details to make a bitcoin transaction. This could be a massive advantage in terms of price and monetary security. No World Boundaries: Bitcoin transactions don't have any international boundaries. A trader primarily based in South Africa can trade forex through a broker based mostly within the United Kingdom. Regulatory challenges could stay a concern, however if both traders and brokers are willing to transact, there aren't any geographical boundaries. Risks of Trading Forex with Bitcoin Different Exchange Rates: Bitcoin trades on multiple exchanges and exchange rates vary. Traders must guarantee they understand that bitcoin exchange rates the forex broker can be using. U.S. Dollar Rate Risk: While receiving bitcoin deposits from clients, almost all brokers instantly sell the bitcoins and hold the quantity in U.S. dollars. Even if a trader will not take a forex trade position immediately when the deposit, he or she remains exposed to the bitcoin-to-U.S. dollar rate risk from deposit to withdrawal. Danger of Volatility: Historically, bitcoin prices have exhibited high volatility. Within the absence of regulations, volatility will be used by unregulated brokers to their advantage and a trader’s disadvantage. For example, assume the intraday bitcoin rate fluctuates from $five,00zero to $5,300 U.S. greenbacks per bitcoin. For an incoming deposit of two bitcoins, the unregulated broker may apply very cheap rates to credit the trader $10,00zero (2 bitcoins * $five,000 = $10,000). However, once the trader is ready to create a withdrawal, the broker might use rock bottom exchange rate. Instead of the original a pair of bitcoins deposited, the trader receives o Security Risks Inherent to Bitcoin: Deposited bitcoins are vulnerable to theft by hacking, even from a broker’s digital wallet. To reduce this risk, rummage around for a broker who has insurance protection against theft. Risk of Leverage: Using leverage is risky for new traders who may not perceive the exposure. This risk is not unique to cryptocurrency forex trading and comes into play in traditional forex transactions still. Asset Category Mixing: Cryptocurrency may be a different asset class altogether and has its own valuation mechanism. Trading forex with bitcoins primarily introduces a replacement intermediate currency which will impact profit and loss in unexpected ways. Any cash that's not locked down in an exceedingly trader’s base currency is a risk. Although cryptocurrencies like bitcoin are gaining popularity, there are still several associated risks. In forex trading, dealing in a decentralized currency that provides global transactions with no fees is a bonus. But the tradeoff is actually adding a 3rd currency to what was a trading try Put your trading skills to the take a look at with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your means to the top! Submit trades in an exceedingly virtual setting before you start risking your own cash. Practice trading ways thus that when you're prepared to enter the $64000 market, you've got had the practice you would like. Attempt our Stock Simulator today https://www.cryptoerapro.com/the-bitcoin-trade
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls. Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries. Volume 75% 2:05
Functionally speaking, capitalism is one process by which the problems of economic production and resource distribution might be resolved. Instead of planning economic decisions through centralized political methods, as with socialism or feudalism, economic planning under capitalism occurs via decentralized and voluntary decisions.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.
Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.
Capitalism developed historically out of previous systems of feudalism and mercantilism in Europe, and dramatically expanded industrialization and the large-scale availability of mass-market consumer goods.
Pure capitalism can be contrasted with pure socialism (where all means of production are collective or state-owned) and mixed economies (which lie on a continuum between pure capitalism and pure socialism).
The real-world practice of capitalism typically involves some degree of so-called “crony capitalism” due to demands from business for favorable government intervention and governments’ incentive to intervene in the economy.
Capitalism and Private Property
Private property rights are fundamental to capitalism. Most modern concepts of private property stem from John Locke's theory of homesteading, in which human beings claim ownership through mixing their labor with unclaimed resources. Once owned, the only legitimate means of transferring property are through voluntary exchange, gifts, inheritance, or re-homesteading of abandoned property. Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. So, the more valuable the resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated with that property. For individuals or businesses to deploy their capital goods confidently, a system must exist that protects their legal right to own or transfer private property. A capitalist society will rely on the use of contracts, fair dealing, and tort law to facilitate and enforce these private property rights. When a property is not privately owned but shared by the public, a problem known as the tragedy of the commons can emerge. With a common pool resource, which all people can use, and none can limit access to, all individuals have an incentive to extract as much use value as they can and no incentive to conserve or reinvest in the resource. Privatizing the resource is one possible solution to this problem, along with various voluntary or involuntary collective action approaches.
Capitalism, Profits, and Losses
Profits are closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction. Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources. A capitalist earns the highest profit by using capital goods most efficiently while producing the highest-value good or service. In this system, information about what is highest-valued is transmitted through those prices at which another individual voluntarily purchases the capitalist's good or service. Profits are an indication that less valuable inputs have been transformed into more valuable outputs. By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.
Free Enterprise or Capitalism?
Capitalism and free enterprise are often seen as synonymous. In truth, they are closely related yet distinct terms with overlapping features. It is possible to have a capitalist economy without complete free enterprise, and possible to have a free market without capitalism. Any economy is capitalist as long as private individuals control the factors of production. However, a capitalist system can still be regulated by government laws, and the profits of capitalist endeavors can still be taxed heavily. "Free enterprise" can roughly be understood to mean economic exchanges free of coercive government influence. Although unlikely, it is possible to conceive of a system where individuals choose to hold all property rights in common. Private property rights still exist in a free enterprise system, although the private property may be voluntarily treated as communal without a government mandate. Many Native American tribes existed with elements of these arrangements, and within a broader capitalist economic family, clubs, co-ops, and joint-stock business firms like partnerships or corporations are all examples of common property institutions. If accumulation, ownership, and profiting from capital is the central principle of capitalism, then freedom from state coercion is the central principle of free enterprise.
Feudalism the Root of Capitalism
Capitalism grew out of European feudalism. Up until the 12th century, less than 5% of the population of Europe lived in towns. Skilled workers lived in the city but received their keep from feudal lords rather than a real wage, and most workers were serfs for landed nobles. However, by the late Middle Ages rising urbanism, with cities as centers of industry and trade, become more and more economically important. The advent of true wages offered by the trades encouraged more people to move into towns where they could get money rather than subsistence in exchange for labor. Families’ extra sons and daughters who needed to be put to work, could find new sources of income in the trade towns. Child labor was as much a part of the town's economic development as serfdom was part of the rural life.
Mercantilism Replaces Feudalism
Mercantilism gradually replaced the feudal economic system in Western Europe and became the primary economic system of commerce during the 16th to 18th centuries. Mercantilism started as trade between towns, but it was not necessarily competitive trade. Initially, each town had vastly different products and services that were slowly homogenized by demand over time. After the homogenization of goods, trade was carried out in broader and broader circles: town to town, county to county, province to province, and, finally, nation to nation. When too many nations were offering similar goods for trade, the trade took on a competitive edge that was sharpened by strong feelings of nationalism in a continent that was constantly embroiled in wars. Colonialism flourished alongside mercantilism, but the nations seeding the world with settlements were not trying to increase trade. Most colonies were set up with an economic system that smacked of feudalism, with their raw goods going back to the motherland and, in the case of the British colonies in North America, being forced to repurchase the finished product with a pseudo-currency that prevented them from trading with other nations. It was Adam Smith who noticed that mercantilism was not a force of development and change, but a regressive system that was creating trade imbalances between nations and keeping them from advancing. His ideas for a free market opened the world to capitalism.
Growth of Industrial Capitalism
Smith's ideas were well-timed, as the Industrial Revolution was starting to cause tremors that would soon shake the Western world. The (often literal) gold mine of colonialism had brought new wealth and new demand for the products of domestic industries, which drove the expansion and mechanization of production. As technology leaped ahead and factories no longer had to be built near waterways or windmills to function, industrialists began building in the cities where there were now thousands of people to supply ready labor. Industrial tycoons were the first people to amass their wealth in their lifetimes, often outstripping both the landed nobles and many of the money lending/banking families. For the first time in history, common people could have hopes of becoming wealthy. The new money crowd built more factories that required more labor, while also producing more goods for people to purchase. During this period, the term "capitalism"—originating from the Latin word "capitalis," which means "head of cattle"—was first used by French socialist Louis Blanc in 1850, to signify a system of exclusive ownership of industrial means of production by private individuals rather than shared ownership. Contrary to popular belief, Karl Marx did not coin the word "capitalism," although he certainly contributed to the rise of its use.
Industrial Capitalism's Effects
Industrial capitalism tended to benefit more levels of society rather than just the aristocratic class. Wages increased, helped greatly by the formation of unions. The standard of living also increased with the glut of affordable products being mass-produced. This growth led to the formation of a middle class and began to lift more and more people from the lower classes to swell its ranks. The economic freedoms of capitalism matured alongside democratic political freedoms, liberal individualism, and the theory of natural rights. This unified maturity is not to say, however, that all capitalist systems are politically free or encourage individual liberty. Economist Milton Friedman, an advocate of capitalism and individual liberty, wrote in Capitalism and Freedom (1962) that "capitalism is a necessary condition for political freedom. It is not a sufficient condition." A dramatic expansion of the financial sector accompanied the rise of industrial capitalism. Banks had previously served as warehouses for valuables, clearinghouses for long-distance trade, or lenders to nobles and governments. Now they came to serve the needs of everyday commerce and the intermediation of credit for large, long-term investment projects. By the 20th century, as stock exchanges became increasingly public and investment vehicles opened up to more individuals, some economists identified a variation on the system: financial capitalism.
Capitalism and Economic Growth
By creating incentives for entrepreneurs to reallocate away resources from unprofitable channels and into areas where consumers value them more highly, capitalism has proven a highly effective vehicle for economic growth. Before the rise of capitalism in the 18th and 19th centuries, rapid economic growth occurred primarily through conquest and extraction of resources from conquered peoples. In general, this was a localized, zero-sum process. Research suggests average global per-capita income was unchanged between the rise of agricultural societies through approximately 1750 when the roots of the first Industrial Revolution took hold. In subsequent centuries, capitalist production processes have greatly enhanced productive capacity. More and better goods became cheaply accessible to wide populations, raising standards of living in previously unthinkable ways. As a result, most political theorists and nearly all economists argue that capitalism is the most efficient and productive system of exchange.
Capitalism vs. Socialism
In terms of political economy, capitalism is often pitted against socialism. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production. However, other differences also exist in the form of equity, efficiency, and employment.
The capitalist economy is unconcerned about equitable arrangements. The argument is that inequality is the driving force that encourages innovation, which then pushes economic development. The primary concern of the socialist model is the redistribution of wealth and resources from the rich to the poor, out of fairness, and to ensure equality in opportunity and equality of outcome. Equality is valued above high achievement, and the collective good is viewed above the opportunity for individuals to advance.
The capitalist argument is that the profit incentive drives corporations to develop innovative new products that are desired by the consumer and have demand in the marketplace. It is argued that the state ownership of the means of production leads to inefficiency because, without the motivation to earn more money, management, workers, and developers are less likely to put forth the extra effort to push new ideas or products.
In a capitalist economy, the state does not directly employ the workforce. This lack of government-run employment can lead to unemployment during economic recessions and depressions. In a socialist economy, the state is the primary employer. During times of economic hardship, the socialist state can order hiring, so there is full employment. Also, there tends to be a stronger "safety net" in socialist systems for workers who are injured or permanently disabled. Those who can no longer work have fewer options available to help them in capitalist societies.
Mixed System vs. Pure Capitalism
When the government owns some but not all of the means of production, but government interests may legally circumvent, replace, limit, or otherwise regulate private economic interests, that is said to be a mixed economy or mixed economic system. A mixed economy respects property rights, but places limits on them. Property owners are restricted with regards to how they exchange with one another. These restrictions come in many forms, such as minimum wage laws, tariffs, quotas, windfall taxes, license restrictions, prohibited products or contracts, direct public expropriation, anti-trust legislation, legal tender laws, subsidies, and eminent domain. Governments in mixed economies also fully or partly own and operate certain industries, especially those considered public goods, often enforcing legally binding monopolies in those industries to prohibit competition by private entities. In contrast, pure capitalism, also known as laissez-faire capitalism or anarcho-capitalism, (such as professed by Murray N. Rothbard) all industries are left up to private ownership and operation, including public goods, and no central government authority provides regulation or supervision of economic activity in general. The standard spectrum of economic systems places laissez-faire capitalism at one extreme and a complete planned economy—such as communism—at the other. Everything in the middle could be said to be a mixed economy. The mixed economy has elements of both central planning and unplanned private business. By this definition, nearly every country in the world has a mixed economy, but contemporary mixed economies range in their levels of government intervention. The U.S. and the U.K. have a relatively pure type of capitalism with a minimum of federal regulation in financial and labor markets—sometimes known as Anglo-Saxon capitalism—while Canada and the Nordic countries have created a balance between socialism and capitalism. Many European nations practice welfare capitalism, a system that is concerned with the social welfare of the worker, and includes such policies as state pensions, universal healthcare, collective bargaining, and industrial safety codes.
Crony capitalism refers to a capitalist society that is based on the close relationships between business people and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the government in the form of tax breaks, government grants, and other incentives. In practice, this is the dominant form of capitalism worldwide due to the powerful incentives both faced by governments to extract resources by taxing, regulating, and fostering rent-seeking activity, and those faced by capitalist businesses to increase profits by obtaining subsidies, limiting competition, and erecting barriers to entry. In effect, these forces represent a kind of supply and demand for government intervention in the economy, which arises from the economic system itself. Crony capitalism is widely blamed for a range of social and economic woes. Both socialists and capitalists blame each other for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the economy. SPONSORED
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Currency trading offers an opportunity for additional revenue. If you plan to try it, you need to learn the basics of currency trading. While there is much more to be learned from what you can expect as a beginner, the fact is that you can learn. Once you've decided to try the Forex trading, the first step is to choose from the top 10 forex brokers. There are several aspects to order, such as the trading platform, deposit and withdrawal options, account options, intervals and fees, minimum deposit, and customer service, among other things, when choosing a Forex broker. For your convenience, we have evaluated several top Forex brokers; you can choose the one that best suits your needs. When you visit the Forex Broker website, you will be offered a welcome offer as an additional incentive to sign up as a new buyer to this site and then proceed with the payment. In this way, you can make a more balanced decision about claiming such a bonus Here is the forex brokers list to decide and select the best one that suits your trade needs FBS Forex Brokers FBS is an international Forex broker present in more than 120 countries. The company has over 2,000,000 merchants (customers) and 130,000 partners through online money. For every trader, the broker provides accounts without Islamic or swaps accounts. XM.com Forex Brokers XM.com, the business name of Trading Point Holdings Ltd, operated and owned by Trading Point of Financial Instruments Ltd. It is also a great exchange broker registered in the European Union. XM is based in Limassol, Cyprus. PeppeerStone Forex Brokers Pepperstone, Forex broker for execution purposes offers trading solutions tailored to experienced beginners and traders. PeppeerStone was established in 2010; the company is headquartered in Melbourne, Australia. The company also has offices in some part of the world. Tickill Forex Brokers Tickmill is also one of the top 10 forex brokers owned and operate by Tickmill Limited, a company that is incorporated in Wales and England. Tickmill is under the regulatory control of the Seychelles Financial Services Agency and the UK Financial Services Agency. Ava Trade Forex Brokers AvaTrade, a pioneer in the field of online currency trading since 2006, was created to provide excellent online trading to retailers. In no time, AvaTrade had more than 20,000 registered clients that completed more than 2,000,000 transactions in one month worldwide. The total value of operations exceeds $ 80 billion in one month. EToro Forex Brokers EToro, an online Forex exchange broker, offers currency, commodity index, and CFD services. More than 4.5 million users from more than 170 countries use the Forex broker's website. It was found in 2006 in Tel Aviv, and the multi-asset brokerage has offices in many countries. One of the key features of eToro is its social investment platform with its great function. HotForex Forex Brokers To meet the requirements and needs of many operators, HotForex offers different types of Forex trading accounts. Each of these types of accounts has different and competing business accounts and can be opened with as little as $ 5. In addition to regular accounts, HotForex also offers a Zero account, a VIP account, and a Currenex account. There is also a social account through which marketers can interact with other retailers to discuss news and different strategies. HotForex offers a wide range of educational tools and technical analysis to help customers benefit from their activities. The broker also provides new news at regular intervals. Generally, this Forex broker can test anyone who wants to get information and news about currency trading in a clear and organized way.
Coinmetro Exchange will set the new bar for trading- away with BTC deciding our values!
I'd like to share some words about coinmetro. I've seen alot of ico's but this is the first one im investing in. I'd like to start of with saying that i hate that in the crypto currency world, bitcoin is the rules of all coins. If bitcoin goes down, all alts go down. Why? Because every alt is traded with bitcoin only- It's value depends on bitcoin. This is wrong, as every coin should have its own value. Coinmetro is here to change this behavior, and i think it will set a example for other exchanges to follow. Top reasons why coinmetro will succeed:
They will trade all coins versus FIAT. No btc- no tether- FIAT. So no need to use a shady tether coin anymore, for the same price. 0,1% trade commision and youre all back to dollars or euro's.
Because of this, coins will stand alone alot stronger, instead of being dependant on bitcoin's value. Currently, only bitcoin's value really makes the market.
TAM managers. You know all of the bloggers, discord and telegrams etc who claim to be good traders? Now you can invest into those traders, literary. Then you make profit when they make profit, and lose money when they lose money. This feature is planned to roll out later though.
Fiat withdrawals and deposits to credit cards and SEPA transfers, without applying fees themselfs. Only what the bank or CC company charges them.
Debit card. (Although have my doubts about this one, since alot other companys fail here)
Their own coin will ONLY be available through their own exchange. So again, no other platform will be trading their XCM against BTC. So if btc tanks like a rock, XCM will still hold its value.
A token buyback program with 20% of net profits per quarter, of both coinmetro and their successfull FXpig forex trading platform.
Proven to be a good company- they developed fxpig, wich is quite high rated when looking it up.
Every transaction you do on coinmetro will buy 0,1% of the market price of XCM and give most to coinmetro for profit, and burn a small percentage of that.
A permanent trading discount of 25% if you invest the minimum amount in their ICO.
The more XCM you own, the more discount you get. This makes big players want to have a good stash of coins.
More advanced trading options then most exchanges out there.
Their ICO goes slow. Alot and ALOT of burned tokens are coming.
US citizens cannot participate in the ICO, but will be able to register and use the exchange after the ICO. This means alot of potential buyers.
2.5% extra bonus tokens if you use a referal link. Find one or ask (me) one. Note: Only on your first purchase, and the person giving the link received 5% bonus tokens.
Personally im really hyped about their fiat options. I dont need to use tether anymore, or to sell tether into litecoin and sell that for euro or dollar. I hated using bitpanda wich charges ridiculous fees for selling to euro. But with all the story's about tether, i really disliked that as well. But that's enough about coinmetro! Always do your own research and have fun crypto'ing!
Updated Medium Guide On How Participate In Pointpay Tokensale Round One Pointpay ICO Pointpay ICO Jul 22 · 2 min read About Pointpay.io PointPay Crypto Bank A new direction in the crypto market: manage, save and grow your capital with PointPay. We are building a unique all-in-one solution for the global market. Low fees Fast transfers worldwide No currency restrictions Virtual, debit and credit, fiat and crypto currency cards Cryptocurrency lending Crypto acquiring Online mobile banking Crypto Forex Trading Crypto deposits and credits PointPay Crypto Exchange platform Buy, sell and exchange cryptocurrency with confidence. Convenient interface and helpful tutorials make trading easy whether you are a newbie or a pro. Fiat pay-ins and pay-outs Tokenized assets trading (stocks, indices, commodities) Daily crypto back to PXP holders Four-level referral system and referral exchange Leveraged trading (1:10) 24/7 support TOKEN INFO Token: PXP Type: Utility PreICO Price: 1 PXP = 0.05 USD Price: 1 PXP = 0.1 USD Bonus: Available Bounty: Available MVP/Prototype: Available Platform: Ethereum Accepting: ETH Minimum investment: 10 USD Soft cap: 1,000,000 USD Hard cap: 30,000,000 USD Country: UK Whitelist/KYC: None OUR OFFICIAL ETHEREUM CONTRIBUTION ADDRESS: 0x64494eDAEA707266956666C487404bB0330Bf93f N.B: Don’t forget to check the last four digits- f93f Thanks for participating with us POINTPAY TEAM®️Pointpay Tokensale
HERO POST | The contest held by D net is now underway for hunting masters at trading futures or forecasting! Come to Get Bonus!
D net is now holding an event about a contest on Trading Futures of Cryptocurrency. This contest is now underway for masters at trading futures! The champion will get a huge award ----a considerable sum of DEW and ETH tokens----while spectators also have their chances to get surprising bonus! 【EVENT PROCESS】
Applicants registration →select and publish contestants →spectators forecast and tip the champion→futures-trading contest →contest ends →publish champion and lists of spectators who get bonus →distribute bonus.
Event times For registration: from now to 20:00 (Hong Kong Time) Jul 10, 2018 For tipping: 20:00 Jul 10, 2018 -- 20:00 Jul 15, 2018 (Hong Kong Time) For trading: 10:00 Jul 16, 2018 -- 23:59 on Jul 22, 2018 (Hong Kong Time) Award and bonus distribution: within 7 working days after the end of the event.
【AWARD SETTINGS】 1．The sponsor will put 100 ETH into the minimum-guarantee bonus pool. 2．Each user can tip the contestants. The tips will go into the bonus pool, which is with no top limit. 【SELECTION RULES】 Register here: https://goo.gl/forms/z1LWYr5SaSJ5JjqO2 In order to ensure a worth watching contest, we will select 10 masters at trading futures to compete in this contest. The followings are selection process: 1. On the principle of voluntary application, as well as position (DEW token) and time preference, the top 10 applicants will be selected to be qualified contestants. 2. Assets for contesting>10,000 DEW (An exclusive trading account will be created for each contestant.). 3. For fairness, it is forbidden to deposit, withdraw deposit or trade in spot area, by contest account during the contest. Violators shall be disqualified. 【CONTEST RULES】
All types of Index contract( BTC, ETH, EOS, CMI) are allowed to be traded in contest. Trading stock, forex contracts in the contest is forbidden. (Warning for the 1st time, disqualifying for the 2nd time)
Ranked based on the profit rates, the champion(the contestant who ranks first) will be awarded 50% of the bonus pool. The rest 50% will be served as bonus for spectators who have successfully forecasted and tipped the champion.
A conservation week in Hong Kong Time is a contest period. Total Profit Rate = (Final Total Asset - Initial Total Asset)/Initial Total Asset For example, contestant A’s account balance is 10000 DEW at 10:00 Jul 16, 2018 (Monday, HKT); and it increases to 19800 DEW at 23:59 Jul 22, 2018 (Sunday, HKT), then, for contestant A, Profit Rate = (19800-10000) /10000=98%.
Contestants should close all positions 30 mins before trading deadline( 23:59 Jul 22,2018)
Each spectator can obtain a wallet address (QR code) on the tipping page. Copy the address and tip via it.
Login to your wallet account in DEW App, transfer 10x(an integer multiple of 10) DEW to the address for tipping(the one you copied).
1 lucky number for each 10 DEW transferring, i.e. transferring 120 DEW brings 12 lucky numbers, etc. The lucky numbers are used for the draw of tipping bonus.
The amount of transfer shall be an integer multiple of 10. For example, transferring both 59 DEW and 52 DEW brings 5 lucky Numbers, while transferring 9 DEW and 2 DEW brings nothing and transfers are not refundable.
Wallet account on DEW is the only medium of tip and receiving bonus. Addresses from other exchanges or third parties are not available for this event.
Identifier of lucky numbers. For example, A, B and C are the first, second and third to tip Tom 10 DEW, 30 DEW and 20DEW, respectively, then A gets lucky number 1, B gets 2,3 and 4, C gets 5 and 6.
Times of tipping for champion refers to the quantity of lucky numbers generated by tipping the champion. Assuming that the champion received tips from 50 spectators, each spectator contributes 20 DEW, then, 100 lucky numbers will be generated, i.e. the champion gets 100 times of tipping.
Confirmation of the 1st tipping spectator: N1=MOD (|Total amount of DEW earned by champion *X|, Times of tipping for champion).
Confirmation of the 2nd tipping spectator: N2=MOD (|Total amount of DEW earned by champion *Y|, Times of tipping for champion).
Confirmation of the 3rd tipping spectator: N3=MOD (|Total amount of DEW earned by champion *Z|, Times of tipping for champion).
Among them, X,Y and Z refers to integer parts of the closing indexes of Dow Jones, NASDAQ and S&P 500 on the draw day, respectively. For example, champions earns 8000.89 DEW, closing index of Dow Jones is 26000.26, then: N1=MOD (|8000*26000|, Times of tipping for champion). Remark: 1． MOD is a function to find the reminder. Its format is: MOD (nExp1,nExp2), i.e. the remainder obtained after dividing one numerical expressions into the other. 2． If two remainders are equal, take N - 1 (if N - 1 = 0, take N + 1). 3． |Exp| is the absolute value of Exp. Additional Instructions: 1. All spectators who forecast and tip the champion get minimum-guarantee bonus + early bird bonus. Minimum-guarantee bonus is equal to principal of tipping, and early bird bonus decreases progressively according to the sequence of tipping. Early bird bonus = 2 * tips per time * (Times of tipping for champion – tipping sequence + 1)/ Times of tipping for champion. For example, spectator A tips contestant Zhang San 1 time (10DEW), and A is the first person tips Zhang San. There’s 100 lucky numbers generated from tipping Zhang San. If Zhang San does become champion, then, A gets minimum-guaranteed bonus: 10dew, early bird bonus: 210 (100-1+1) /100 = 20DEW, 30 DEW totally. 2. Bonus pool will be distributed to users who forecast and tip the right contestant. After that, the rest will be distributed the 1st, 2nd and 3rd lucky tipping spectators by 70%, 20% and 10% respectively. 3. If the spectator one invites gets the 1st, 2nd or 3rd tipping bonus, the inviter can get 30% of the bonus. 【STATEMENTS】
For the sake of fairness and justice, the sponsor will release all valid information about the contest, including registration information of contestants, address of bonus pool, tipping address, real-time status of the contest, etc.
Both the champion and the spectators who get bonuses shall send wallet address to the registration email address, via account email used to register the contest or to receive bonus, within 1 week after the contest is end. Failure to receive the award in time will be regarded as an automatic waiver.
For other questions, please contact us via the registration email address. (D net official website: www.dew.one Customer service Email: [email protected])
D net has the final right to interpret this event.
Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING BTC-E.com To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification. Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world. BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums. Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load. You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins Bitfloor.com Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems. Bitstamp.net Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts. Bitcoin-24.com Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways. Vircurex.com Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it. Cavirtex.com Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling. LibertyBit.com https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded). Bitcoin China https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal Check english forums to see if anybody exchanging Alipay or taking wires. CampBX.com Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified. Bitcoin-central.net Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire. VirWoX.com You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them. Or course there's all the fixed price exchangers https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak ==============R U L E S ================================
Learn to use #bitcoin-otc, you'll thank me later. It has the most buying/sell options. Use localbitcoins.com too if you can to avoid bullshit exchange problems
ALWAYS USE 2-FACTOR ID ON EVERY EXCHANGE
Always use 2-factor ID on the email you used to sign up for the exchange
Don't click any links in BTC-E.com chat trollbox!!!
Don't click any links PM'd to you on BTC-E.com from other users
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011. Great successez!
CoinMagic.cc reviews scam or legit+Proof of withdrawal
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https://preview.redd.it/q8x83mp71aj11.jpg?width=1200&format=pjpg&auto=webp&s=aa6b3e01505cba4dac4671f620490c20c649649e The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market. The currency market is considered to be the largest financial market with over $5 trillion in daily transactions, which is more than the futures and equity markets combined.
Until now, brokers have had to approach liquidity providers to provide them with liquidity. They can then offer this to their customers. In the future, FXPay will act as its own Premium Broker. Offering brokers the ability to purchase FXP at the prevailing market price, plus a discount. This provides leverage to brokers that choose to use our platform. Brokers can choose to manage their own risk and profit by using their leverage and deciding how much of their FXP they would like to allocate to traders.
- The online FXPay wallet works smart for depositing and transferring your FXP and credit online. - Offers an Eco friendly community of premium investors who facilitate the Forex trading through partnership and contributes redeemable cash back bonuses for the use of Forex credits. - Offers a medium of a speedy and risk free conversion of flat currencies into FXP tokens. - One of the most secured gateway of payment for its traders online. - No middle man involved as the company takes full control as its own liquidity provider. - Its smart contracts saves you 90% of your digital ledger with a smart legal embedding. - Every private and pre-ICO participator of the FXPay community can enjoy this bonus as Forex credit. https://preview.redd.it/8cldk2rd1aj11.jpg?width=1200&format=pjpg&auto=webp&s=432da0b2f60cafeb8752a39a9394debd5ca5f133
In relation to the FX industry, one of the main ways in which blockchain will have an impact is in terms of decentralisation. As blockchain is a reliable, permanent way to recorded information – be that transactions, currency prices, or anything else – it offers the FX industry the unique opportunity to decentralise record keeping and increase the availability of the information being stored. As well as giving more power to smaller traders and startups, this is giving individuals and companies the ability to exchange money peer to peer rather than going through central banks, something that could really change the way the industry operates. As blockchain grows, it’s likely that the technology will be adopted by central banks and other major financial institutions. This will help to make the FX industry more efficient and more open and will change the way companies, banks and individuals trade currency for good. With new innovations happening every day, the future of blockchain is more exciting than ever. Project Details Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3851151 Website: https://fxpay.io/
You can see the History of your Orders and transactions in your Dashboard https://preview.redd.it/6v4t4ht4fac11.png?width=1679&format=png&auto=webp&s=53d45382c1cbdc1ff23de18fac757e21395232ef The tokens will be accrued on balance and shown in your account. They will be safely stored at your personal account balance until the end of the ICO. No later than one month after the end of the ICO, you will be able to withdraw the tokens to any ERC-20-compatible wallet added by you in the profile settings. By the end of ICO, we’ll add the feature of token withdrawal in the profile. FXPay has a Bounty program, please join our Bounty Telegram Chat(@fxpaybounty_bot) and earn up to 20 FXP for completing simple tasks and we have a referral program: share your FXPay referral link with your friends and you’ll get 5% of their token purchase. After your friend purchases the tokens following your link the bonus tokens will be credited to your account in Referral Program section. The link on the referral program is available only after signing in your account: https://fxpay.io/fxpmembeaffiliate.php Please join our Facebook page
ANN: Krosscoin Pre-ICO Token Sale $KSS http://i.imgur.com/dijPPUH.png UPDATES/UPDATED: Hi KrossNation, Pre-ICO token sale has started. It will run from July 20, 2017 (12:00AM EST) till August 20, 2017 (11:59PM EST). 100 million Krosscoins will be sold at 0.00014 WAVES and 17 satoshis The funds raised will accelerate the release of Ribbon and preparations to be listed on coinmarketcap.com and other exchanges after the main ICO. You can watch Ribbon development video at the Pre-ICO Token Sale section of our website (krosscoin.io) You can easily participate through the 100 million sell wall on the DEX, those that buy from there should send us the TX ID to [email protected] they will be sent 30% bonus The patent pending Pipdroid app just got finished in android version, ios version has commenced. The pipdroid app lets forex traders launch an EA from their cell phone to MT5 trading platform. They can also upload an EA from their computer and launch remotely from anywhere they are. No more VPS needed for automated trading. We plan to work with other trading platforms to implement the Pipdroid technology. The Pidroid development will dominate the retail trading industry. It has disrupted the VPS market already. Apart from using the sell wall, you can send your contribution in waves to this address: 3P57w9tH4Po6E2zL5L4oUEu8HjAPacSMU9h (waves address to receive your waves contribution) OR you can send your contribution in bitcoin to our deposit address: 1Kt4QJWDYSsK4BcrXbgCTosmTifTQzhV6j (bitcoin address to receive your bitcoin contribution) Send your email address and waves address or bitcoin address for confirmation to [email protected]. Go to https://krosscoin.io for more details. Funds raised will help release Ribbon and Pipdroid and prepare of ICO at 2x the pre-sale price. ''Let's make good happen''
Log of AMA with coindash - @alon (Alon) CEO from CoinDash.io
boldninjaLet us all give a warm welcome to @alon (Alon) CEO from CoinDash.io. AMA can begin, give him some time to catch on with questions and answers. bangomatic :clapping: alon Hi Everyone! jakethepanda :clapping: tranzer hi @alon alon Great to be here! arigard All this BTC shit is just a storm in a teacup anyway jakethepanda Hey @alon dr10 Welcome tranzer @alon how does coindash compare to Iconomi and their user-based funds you'll be able to invest / copy? jakethepanda On top of that question, include Melonport. 5eb6o Sorry as I said I am drunk.. and I welcome everyone.. but why coindash? I mean isn't it pretty close to dash coin... or I am missing something... why not something unique joelafc LOL darius sup alon welcome to the thunderdome alon Hi, i think Melonport and ICONOMI are more of an investment instrument.. they provide a tool for people to invest in crypto assets. We are more focused on answering what peopel whould invest in and when. For that end we also intend to integrate with both of them because there is a good chance they will become a good investment instrument tranzer are there any partnership plans already in the making with them? dr10 So its more like a Follow Trader platform, where you do the moves that successful traders do? alon @tranzer i can't comment on that for the next 24H :slightly_smiling_face: ben123 Got it alon @dr10 social trading is a great means for reducing friction for inexperienced and new traders, making crytpo trading more accessible jakethepanda Can you briefly explain how the coin fits in to the platform? darius ^ this dr10 Is Coindash its own blockchain or based ontop of another? boldninja Where do CoinDash tokens come in play? I mean where will they play a role, like paying someone subscription for private portfolio c/p or tipping or something different? jake beat me to it :smile: ben123 I think that's what I read about them alon @jakethepanda we see it as fuel for using various features on the platform. If you follow someone and copy his investments you will pay a fee for that ... that fee is payed with the CDT token @dr10 we connect to the various blockchains/ exchanges ben123 How will you be able to compete against enigma? It's similar to your concept and they seem very promising. tranzer When will the copy and paste functionality be introduced into your dashboard, product? dr10 so you are your own blockchain? didnt get that alon @tranzer we are expected to release copy-ICO towards the end of the year... until then we will work hard on the dashboard and other investor exploration (we will be rolling versions fairly fast once every 2-3 weeks) @dr10 we are not darius So the platform need it’s own token to tip someone? Sounds like you coulda built an app without it’s own token tbh. its* tranzer Are you in the talks with any of the exchange yet? Probably we'll see you on Bittrex correct? alon not tip but reward top investors who get followed.. also the followers get financial benefit from that so its natural they will pay for it @tranzer yes we in talks with some exchanges jakethepanda The beta currently only allows for a link to an ETH address. Will be able to link say an ARK address, eventually? darius Do you mean top investors are rewarded by the platform with your token? How would that work, is that based off how long they hold a top position? alon @jakethepanda we already integrated various blockcahins and exchanges.. we will start rolling them soon numba1enigma How do risk adjusted returns fitinto all this alon @darius they are rewarded by the people following them as fees. @numba1enigma that an important indicator to understand how your portfolio performs against the market. This will roll out soon alongside other indicators darius Oh so this is taking private paid advise discords/slacks and putting them all on a platform. Clever numba1enigma Tell me what a sharp ratio is? alon @darius imagine you can see the performances of the bet traders in the space, follow them and copy their investments... this is what social trading is numba1enigma The following and payment mechanism in terms of sharp ratios Roi of two managera without sharp ratio considerations is worthless tranzer There is bonus in first week - 30% how will that be awarded will first week deposits count for example if you invest 1 ETH count as 1.3 ETH? jakethepanda On top of @numba1enigma question, what kind of risk analytics will be on the platform? alon first day is 30%... you will get immediatley 30% additional tokens numba1enigma Byw the way iconomi and co foundit didn't know what a sharp ratio was until two months ago alon @numba1enigma i'm not sure i follow... various indicators effect the performance and risk level of the investors. Risk adjusted returns could very much reflect how truly profitable that investor is and lets you decide how much risk you want to take by following him darius Who are your competitors? I know there’s a platform that does this but I can’t think of their name for the life of me alon @darius you probably are talking about eToro maybe? numba1enigma You should take a look at markov analytic tools to bucket mutual fund returnes to rank performance It would be helpful to you ben123 Enigma ico is coming out in August and they seem to be a competitor also. tranzer How many users are there already using your platform currently? How much joining lately on daily base? jakethepanda How does fiat integration figure into the platform? Trading directly from the platform will be available? alon @tranzer we opened the beta 11 days ago. Now we have 2.5K users with 200-250 added daily @jakethepanda thats something we are interested in but will come in a later change. It fits very well in our mission to make crypto trading more accessible to the public dariushttps://1broker.com/?c=en/home 1broker.com 1Broker.com - Bitcoin Forex & CFD Trading 1Broker connects Bitcoin with global markets. Trade forex, stocks, commodities, indices and cryptocurrencies on our minimalist platform. That’s the one i saw a couple twitter guys say they were on https://1broker.com/?c=en/content/copy-trader 1broker.com Copy Trader - Social Trading - 1Broker (2kB) ben123 Seems interesting jakethepanda I noticed that RSk is one of your partners. Will CDT also be on Rootstock? alon We did a POC integration with RSK with the CoinDash platform a few months ago... more will be announced in the coming month (very interesting stuff) jakethepanda Interesting tranzer alon would you consider something like that with Ark as well? Seems like a nice fit. alon @tranzer definitely! jakethepanda I noticed there isn't anyone on the team with a quant finance background. Who is developing the risk/performance analytics? alon you should learn more about Adam and Ram.. both with a lot of experience in finance (Adam opened eToro's offices in Shanghai). Most the team has years of experience in crypto trading as well tranzer will you be able to leverage coindash coins against some investors and use other coins to trade if that makes sense? jakethepanda Since many people in crypto are new to trading and investing will there be tutorials and investment education tools? Based on questions noobs ask they need this. (edited) jarunik I still don't really get how adding the coin to the mix brings any advantage compared to other social trading platforms. What do I miss? alon yes there will be tutorials and mostly beautifully made UX/ UI tranzer how are tokens going to be saved? Will this be centralized? I mean in order to copy someone you'll need to move coins within platform no? alon the CoinDash Token enable us to fund our activity and create an amazing community around the product who have a huge incentive to help (in our case the investors are also the end users). We tie the token to the platform so its success is also the success of the token. so for the copy-ICO feature foe example we use smart contracts alon uploaded and commented on this image: Pasted image at 2017_07_14 11_22 AM.png 1 Comment BTW :slightly_smiling_face: mike Nice looking announcement jarunik You could just do that with a normal crowdfunding ... what incentives give the coins exactly ? (edited) jakethepanda Will there be a mobile app? alon yes tranzer Where do you get current prices from CMC or have your own service? jakethepanda The beta app doesn't seem very social. How will the future version of the app change to be more of a social platform? (edited) alon from CryptoCompare curently next step will be the ability to discover other investors and follow them darius @jarunik This way they don’t have to go through VC’s to raise a $12 MM seed fund. Use the hype of ICO’s to raise it instead because people want to profit from their coin. alon the dashboard is the data layer on top of which the social feature will come tranzer so if 12m is raised in first day its over no additional time and some other weird rules like we have seen with few recent icos? jakethepanda Can you discuss any of the partnerships on the web page? Antshares or Wings? One concern I have is that whitelisted addresses are going to buy up the entire offering. Do you have any mechanisms in place to avoid this? alon Wings we did the forecasting and used some of their tech. AntShares, Tony the CEO invested and is our advisor jakethepanda Thanks alon i don't think they will buy it all... its a way for us to say thank you to the people who supported us, its not a long list. 250 people list jakethepanda You would be surprised how much money is floating around crypto. It only takes one or two whales in the 250. darius lol jakethepanda I can think of 10 people in crypto that can blow a big dent in that cap. Just saying alkar Can my profile be private if ever I don't want to share my portfolio alon i am too but most of those people gave us huge help the past year... people who were our first social media users.. beta testers stuff like that @alkar yes, it can be totally private darius That’s promising can you answer @tranzer’s question “so if 12m is raised in first day its over no additional time and some other weird rules like we have seen with few recent icos?” alon no weird stuff... very simple ICO :slightly_smiling_face: guys my phone might die any second so if i'm cut off its ebecause of that tranzer that is good to hear, didn't like how some were handling recent icos, extending time, adding some last minute changes, ... jakethepanda @alon The project looks amazing. I'm out of questions for now. I will get you in your slack if I think of more. boldninja Any last questions for @alon as his battery might die out? jarunik Do you have a battery bank? :smile: jakethepanda I think it died boldninja Can you sell battery bank energy back into the network? :thinking_face: alon No dead yet ;) jakethepanda One more question. Is that Warren Buffet on your web page? On the product page. alon Ahah might be a caricature(my fav investor) jakethepanda Haha Everyone can join coindash slack https://www.coindash.io/slack/ boldninja OK I think no more questions are coming - I'd like to thank alon for taking his time to do this AMA and I wish him a good and successful launch of ICO and product later on. Hope we'll be able to cooperate further down the line. You are always welcomed here at Ark. darius Thank you! Good luck jakethepanda Thanks @alon tranzer thank you for answering my questions @alon - good luck! alon Thank you guys! Hope to see you as users of our platform
Looking for suggestions to secure my family’s financial future. (~$100K to allocate, earning ~$50K/yr after taxes)
Edit: TL;DR - wall of text explaining my current finances, also asking if it’s the right time to enter the housing market (and how I might protect myself if I do so). I’m very cash-heavy and looking for ideas to diversify and grow into retirement, while ensuring my wife and kid are taken care of as well. I realize there are many different options for how to save and plan for retirement. I think I’ll be just fine, but I also recognize that I have a lot of room for improvement. More than my own personal security, I want to provide as much as possible for my wife and child, both of whom I expect to outlive me by many years. Now, I would never share this kind of detail with someone who knows who I am irl, hence the throwaway. As far as non-immediate family and acquaintances know, I’m living paycheck to paycheck, and I’d like to keep it that way. Some background information about me: I’m 35 years old, serving on active duty in the US military, and I’ve been in for a little over 12 years. I’ll be eligible to retire in about 8 years, and a rough conservative estimate is that I’ll receive about $2,000/month retirement pay starting in my early-mid 40s. The plan is to continue working after I separate until, well... until I’m ready to stop. Who knows when I’ll feel too old to work? 55? 65? 85??? The idea is to have the financial freedom to “officially” retire when I’m ready to so, no sooner and no later. I’m married and I have one kiddo. The wife makes a pretty decent paycheck atm, but she’ll soon be looking for work when we relocate to our next assignment. She has about $15K saved up right now. I transferred my Post-911 GI bill to the kid to help offset the cost of college, and because Uncle Sam already so generously paid for my own education while I’ve been on active duty. It would be a waste to use the Bill for myself. Still, I’d like to set aside at least enough to match it or fill the gap up to a Doctorate (just in case the kid wants to pursue that level of education- no pressure lol). The GI Bill should cover a substantial part of the first 3 years, beginning sometime around the year 2030, but I could potentially be paying as much as half of the cost of a 4-year degree, and likely most of any education beyond that. Student loans aren’t all bad, but if I can put my kid through college without having to take out a loan, that would be fantastic. So here’s where my finances sit right now: I’ve calculated my compensations for the next year, and a conservative post-taxes estimate is that I’ll bring home about $50K. I don’t expect that figure to change whole lot over the next 4 years at least. I’m sure my wife will find gainful employment again after we move, but I don’t have enough information to forecast what her earnings will be, so I’ll simply leave it out for now. I’ve done a lot of research into the cost of living at our next assignment, and I keep pretty solid records of spending. Based on our current expenses, and a conservative adjustment accounting fo the location change. I expect to reliably save an average of $1,800 per month out of my paycheck. That’s about a 40% decrease in annual savings compared to the last 2 years, during which time I received some special pay and a bonus. My family budget plan for 2018 allows for about $29K in expenses total, which sounds tight for 2 adults and a child (and it is tight), but I also know it’s easily doable. I’ll adjust that target as we settle into the new place over the next several months, and go from there. Whatever the wife is able to earn after we move, can go straight to the bottom line. I hesitate to forecast my capital gains from investments based on past performance, because it really has been an exceptional few years. Besides, I have yet to ever withdraw from my brokerage account. All dividends and gains from closing positions has gone right back into the pot. Investments: I have $46K in my brokerage account. Roughly 50/50 cash and stocks (individual stocks and ETFs/ETNs etc). Here’s my current portfolio if anyone cares: MO, AAPL, WFC, AMD, BND, IAU, WMT, ARNC, SPY, XIV- roughly equal parts for all of those. They’re a mixture of speculative short-term and div-yielding long-term holds. The half I have sitting in cash is so I can quickly sell calls/average-down/BTFD whenever the next market correction/crash/recession comes. I’m adding about $1K/month to this account via automatic deposit, which I typically split between cost-price-averaging into my longs, and into my cash reserve. I balance my holdings mostly by adding to underperforming positions when I expect a rebound, and not by selling stock unless I’ve held the shares for more than a year. I also try to keep my cash balance roughly equal to the market value of my stocks for the reasons mentioned above (and so I can act if I see an opportunity for a nice swing trade). I have a little over $20K in an interest-earning checking/debit account. This is where the majority of my paycheck lands, and it’s where the majority of my bills come out. I have $15K in USD hard cash. That’s more than I need, to be sure. It’s mostly leftovers from when I sold one car and bought another. I’ll eventually deposit it into a bank I suppose lol. I also have $11K in another checking account which I feed through a credit card, paying the balance off monthly. I’ve been using the credit card to buy gas and pay for other travel expenses. I don’t need a cc to do that, but it’s an easy way to build up my credit score and it helps whenever I need to rent a car or something. Then there’s the $6K sitting in a credit union Roth IRA I opened and sort of forgot about. It barely earns interest at all and I can’t for the life of me figure out how to use it. I own exactly 1 BTC I bought on a whim this summer. It’s hard for me to watch, because it moves around so much in value. Worth about $4.5K today. Other assets I can think of off the top of my head: ~ $4K in physical gold/silver. I guess it’s my hedge against society collapse or whatever lol. I have one of those 50g combi-bars that can be broken into smaller ingots and then a bunch of 1oz silver coins. ~ $2K in various foreign currencies, mostly Sterling. This was left over from when I spent some time in the UK pre-brexit vote. I’m sort of bag-holding it until I can exchange it back to USD for less of a loss. On top of that, I have exactly zero debt. If I were forced to liquidate all of my assets not mentioned above, I’m confident I could come up with another ~ $40K (That’s if you figure a >50% emergency sale depreciation... I have 4 cars, 3 of which would be considered collector’s items and about another $15K in Snap-on tools + all the other random shit I own) I realize my money allocations don’t make a lot of sense right now, but I’m an aggressive saver and the cash tends to pile up quickly. That’s a nice problem to have I guess. One concern I have, is seeing my un-invested money take a big hit from inflation. I’m also a little worried about my bullish stock portfolio, but my plan is to build/hold it for another 15 years or so, and then slowly increase my exposure to bonds as I get into my 40s and 50s. Assuming I can stick to my long-term investing strategy, I’m hoping to be able to ride out any major correction or recession. A major goal of mine is to buy a house. Thanks to the military lifestyle living overseas and frequent relocations though, I haven’t really been in a position to do so. Soon I’ll be moving to a stateside base, but looking at the housing market there, I’m frankly scared to buy right now. Houses in the local area have nearly doubled in just a few years, and I’d rather not spend the next 2 decades upside down in a mortgage if things suddenly take a turn for the worse. The valuations just don’t make sense to me compared with the rental market, and I suspect many of the land owners are deeply indebted in a market that feels pretty hot imo. So there you have it. My personal finances in a nutshell. Not that I’m in financial trouble or anything, but I would love to hear any suggestions or pointers you smarties might have to offer. I suppose some specific questions might include:
How would you rate my stock portfolio and strategy? Are there any big glaring red flags? Am I being too aggressive by having nearly 20% of my net worth invested in those symbols? Am I not being aggressive enough?
Am I being overly paranoid about entering today’s housing market? If not, what are some ways I can hedge against a market value decline without literally shorting the market and getting slammed with fees and commissions. Aside from a potential drawdown in property values, should I be more concerned with rising interest rates? How much might one type of loss cancel the other out? Should I buy now to get a better interest rate, or wait for a “dip” that might not come for a very long time?
To recap my holdings:
brokerage $24K invested $22K dry powder
personal property $40K
home equity $0
annual net income $50K
projected monthly savings $1.8K
approximate family net worth $160K
Any/all ideas and criticisms are welcome. Thanks for reading!
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Pre-ICO: Stockus: Fantasy Trading Blockchain Platform Stockus Crypto Summary Hi everybody! I’m happy to introduce the Stockus Project to you. It is a new and exciting project on which our team is working on now. The main ideas and its realization are explained further. It will be nice if they are interesting for you. Stockus. Fantasy trading platform based on the blockchain technology. Our goal is to create a leading financial simulator based on open ledger technology in order to provide participants with a reliable, transparent trading platform and opportunities to earn large cash prizes. Stockus – is a fantasy trading platform based on smart contracts. Participants place trades individually or in teams. The application allows users to enrol in various tournaments and earn cash rewards without an initial investment of capital. Gaming Capital Globally The online gaming industry is rapidly growing, with figures indicating total earnings of 99.6billion USD in 2016 alone. This is an impressive amount; however it pales in comparison to the size of the financial markets. The daily turnover of the Forex market amounted to 5.1trillion USD in 2016. Approximately 10-15 million individual market participants actively trade on Forex worldwide with the total volume generated by retail traders being equal to 293billion USD daily. Statistics show that the average starting capital of a retail trader is somewhere in the region of 700 USD. Within 4 months of trading 97% of all retail traders lose their initial investment and leave the market. The amounts that such traders lose on the currency market amount to tens of millions of dollars annually. $10 against $700 Our approach differs substantially from the business model of the classic broker. There are two fundamental pillars on which Stockus was built. The first one is that exchange trading for the retail participant is comparable to a game, where players place bets on the direction of the market. And the second one is the players prefer to pay small-one off buy-ins for the chance to win large cash prizes in tournaments as apposed to putting large deposits at risk on leveraged trading accounts. There is clearly a drastic difference between a trader who suffers the loss of their entire deposit of $700 whilst trading on Forex, and a player who buys into a trading tournament for $10 with the chance of winning a massive prize. That same $10 deposit would get the trader nowhere on the Forex market, whereas on Stockus he stands to win thousands of dollars without the requirement of a large investment upfront. Our approach is light years apart from the business model of a traditional broker in the sense that it aims to protect the trader without limiting their gains. Traders are now faced with the choice of trading on the market with a high degree of risk or playing Stockus with limited risk whilst maintaining their earning potential. This is a new opportunity to trader and we believe that they will chose in our favour. Equal odds of winning The probability of winning in a fully subscribed Stockus tournament is approximately 3-3.5% which is roughly equal to the chances of turning a profit whilst trading on the Forex market. However $10 gets you nowhere on a forex brokerage account, whereas in Stockus you can enter a trading competition and stand to win tens or even hundreds of thousands of dollars with the same amount. The benefit of Stockus is that each player has a limited loss, but gets an equal chance to win large prizes. Fantasy trading – the Stockus platform is designed to be a direct competitor to traditional brokers by attracting a large number of participants. There is no sense in funding a leverage forex account and risking the entire deposit when the trader can enter a tournament and win fantastic amounts of prize money in a variety of competitions. The development of trading skills and ability to collect large gains solely with the merit of experience and knowledge is the main advantage of Stockus. Millions of players with the ambition, aptitude and skill will be able to compete for the large cash rewards with limited downside. In the past such individuals were faced with a choice between financial markets or betting games. Now, such players have an innovative alternative in the form of Stockus. How to become a millionaire Stockus is a financial simulator based on a social media platform which allows any player to participate in a tournament of their choice. If a certain trader prefers a short-term, high frequency game, they can join a daily tournament with large prizes. If, on the other hand, the player is more partial to a long term, trend-based approach, the weekly or monthly tournament is more suited to this style and the prizes can reach astronomical levels. It is crucial to note that the size of the prize is not restricted, which means that the more players buy into the competition, the higher the winning pot. The payouts for larger tournaments can potentially reach six figures or more. The game consists of the following: Professional tournaments which will constantly increase in number. A small buy-in amount is paid to enter the tournament and compete against other traders. The winners immediately receive a payout to their account balance. Friendly tournaments which allow anyone to participate free of charge. The main purpose of these trading challenges is to educate new players and allow existing users to refine their strategies in preparation for the professional games. Decentralised challenges which users can host independently by selecting their competitors and forming a private league. Team tournaments allow players to team up with other traders and compete against each other in groups throughout several rounds. Players or teams who lose their initial capital have the option to buy back in and continue trading. As opposed to leveraged trading, where each loss is a direct hit to the capital and savings of the trader, Stockus allows players to continue trading for as long as they wish. Players have the ability to improve their chances by purchasing leverage, analytical tools and other extras for additional payments. Members of the Stockus community can exchange feedback, tips and trade ideas with each other. A referral program encourages players to invite their friends. The main attraction for most traders will be the professional tournaments. During the development of our tournament system, the team drew a lot of inspiration from the structure of the competitions held by the fantasy trading platform FanDuel. The capitalisation of FanDuel as an organisation is in the billions, and the platform’s phenomenal success along with hundreds of thousands of members testifies to the scalability and potential of such a model when applied in a different area. The Principles of Platform Monetisation Stockus aims to monetise fantasy trading by applying a small commission on each buy-in as well as charging additional fees for bonus features such as refunding, leverage, analytics, etc. Each player can purchase extras in order to improve their chances of winning and gain an edge over their competition. Additional initiatives such as referral programmes and promotions allow players to help others and earn additional tokens for their efforts. Testing the game Stockus utilises a unique trading platform which our team modelled around the popular MT4 trading software. This proprietary platform allows players to trade stocks, futures, currency pairs and options in real time on a broad selection of global venues. The Stockus model was throughout several beta rounds hosted on the Facebook developer platform in order to enhance the software and improve functionality. This testing base also allowed us to confirm the viability of the concept and saleability of the offering. This period allowed us to gather valuable data on user preferences, as well as collect feedback and verify the validity of the game concept. Users actively participated in the trading tournaments and purchased additional features in order to boost their chances of earnings a prize. We saw a healthy amount of competition for the prize spots, with many players repurchasing funds or unlocking leverage to get the upper hand on their rival traders. Our developers also expanded the capabilities of the platform during this time, adding several different tournament types as well as options trading during the testing phase. We have now developed a completed version of the game based on the results of these extensive tests, which we are excited to bring to your attention. Blockchain as a foundation for trust Stockus is innovating by allowing all types of traders to compete in tournaments with limited risk and on equal terms. Ethereum allows us to create smart contracts which automatically determine and verify the outcome of each trading tournament, as well as paying out the rewards to the winners. The principles of crypto can be used to process and distribute the gains from the various tournaments in an efficient and transparent manner. This solution is optimal due to its security and scalability as the number of players and competitions grows. Unlike a typical brokerageplatform, the entire infrastructure of Stockus is built on blockchain, making the setup robust and secure. One of the toughest challenges we faced during the beta testing phase was gaining the trust of the players. Some users raised concerns regarding the authenticity of the tournament results and likelihood of an actual payout. The blockchain addresses such concerns and puts any doubts to rest due to the transparent and objective manner in which the smart contracts will determine winners as well as the final payout of the prizes. This transparency creates an element of trust amongst users and enhances the eligibility of the tournament series. A second challenge addressed by the blockchain infrastructure is raising the required funds and launching the game within a period of 3months. An ICO offers a priceless opportunity to meet our targets and achieve the ultimate objective of building a trading simulator which will offer an innovative and groundbreaking alternative to the traditional forex trading approach. A third argument in favour of an ICO and the blockchain solution is the ability to issue our own tokens, which will essentially act as a cryptocurrency derivative within our game. These tokens will have a value versus Ethereum and other cryptocurrencies which is directly dependent on the popularity and success of the game. Should the demand for ingame services and tournaments continue to increase as we expect, so will the value of the tokens in relation to other currencies. Stockus Tokens Stockus tokens are an integral component of the Stockus economy and ecosystem. Owners of these tockens will have access to the following services: - Participation in trading tournaments - Act as witnesses and judges in the trading tournaments - Receive rewards and prizes in the competitions, promotions and tournaments - Purchase additional services and bonus features - Hosting tournaments - Receive referral rewards for inviting friends The tokens play a key role in the economic processes at play in the Stockus environment. These tokens can be purchased in the application, received from other players, won in a tournament, or as a reward for acting as witness or judge in determining the results of a competition. Additional tokens can also be received as a reward for inviting friends to play. Tokens can also be acquired through the preliminary offering of Stockus tokens via Ether (ENT). The Stockus interface will also integrate third party trading solutions such as Shapershift and Coinbase for those users who do not already hold ENT. The initial offering of Stockus tokens will take place in the form of a preliminary ICO. Anyone can subscribe to the offering in exchange for ENT or other cryptocurrencies such as BTC or STEEM. We plan to offer 5,000,000 of our tokens at a rate of 300 tokens for 1 ENT. Tournament Result Verification The decentralised tournament verification system is an elegant and robust solution for all users as it prevents any manipulation or abuse of the competition results. All token holders will be able to act as witnesses or judges when determining the winners of each tournament, allowing the public to verify the results via open ledger technology. Should a single participant disagree with the results, an independent confirmation of the tournament results is established by the witnesses. If the conclusion regarding the winners of a tournament is unanimous and there are no disagreements between participants, no added verification via witness is required and the system automatically processes a payout. Stockus ICO and Development plans The bulk of raised capital will be directed at the following: - Development of 2 professional tournaments: the WFT (Weekly Fantasy Tournament) and DFT (Daily Fantasy Tournament). These will be completed in 3 months. - A promotional campaign which will ensure that the userbase reaches critical mass and the project becomes sustainable by increasing the prize amounts in the WFT to the order of tens of thousands. - The development of a social network within Stockus, which would allow players to exchange opinions, experiences and advice, as well as form trading societies and teams. - The development of a mobile version of the trading application. - Development and production of at least one new trading competition every 2 months. The game should have at least 6 different tournament types by the end of the first year. The Stockus development team is pleased to present our project for your review and assessment. We hope the summary has made a positive impression and look forward to your support and feedback. Thank you in advance for your time and attention. Stockus Developers tl;dr New blockchain platform allowing fantasy trading, limited capital at risk for the chance to make substantial amounts of money. Project currently under development, ICO later in the year, feel free to ask any questions! Facebook: https://www.facebook.com/StockusProject/ Website: www.stockus.io Twitter: https://twitter.com/stockusproject
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