The Money Machine April 2018

April is over, I was going to update you on the evolution of the money machine and the month’s stock buy.

The Money Machine April 2018

money

April has been a real rocket month for the Swedish stock exchange. Our portfolios went up 6.34% and index 5.91%. I had to look through my older monthly reports and was pleased to note that we have been indexing every month since September last year.

Don’t know if it’s just luck or if the holdings in our portfolios are simply cruel ?! It remains to be seen, in the short term it is quite easy to beat the index with a little luck. It is only in the longer term that you can see if it is really you who is good at choosing the right shares.

I don’t think I’ve shown our portfolio development in the slightly longer term before so I thought it might be fun to see. The portfolio composition and account structure that we have now we have had since November 2014. Therefore, I have “only” statistics from that date. But as you can see below, we are just over 10% units better than index.

The index I usually compare to, SIXPRI (all of the stock exchange’s companies including dividends), is a relatively difficult comparison index. Our portfolio is relatively stable and contains most large companies, so another comparison would be to compare with the SIX30 return index (the stock exchange’s 30 most traded companies including dividends).

There we have almost double the return in just under four years according to the graph below. Honestly, I don’t really know which index is most fair to compare with for us, but somewhere in between wouldn’t be unreasonable. In summary, we can say that things have been quite good for us over the last 4 years.

Activity of the month

cash

You who follow the blog know that we are currently saving our monthly savings for leave during 2019 and we have not bought any shares this month either. However, a lot of dividends have been raised. We could use this money to buy more shares. We have not done that, but we have taken the money from the stock portfolios.

Our theme for 2018 is to find alternative investments outside the stock exchange. Much because we want to diversify and have a little more “airbag” in the event of a major downturn on the stock exchange. In addition, we are also looking for investments with better cash flow compared to equities.

We wanted to live up to our capital in the future

money

Shares provide between 3-4% direct return, which is good, but if we wanted to live up to our capital in the future, we would have liked to see that we could be up to 6%. If we could go from 4% to 6%, it also means that we need 33% lower total capital before we can call ourselves “financially independent” and quit working. Think of the 4% rule fixed with 6% instead.

Personal loan debt consolidation -Request a debt consolidation with bad credit

When income tends to fall, the end of the month is more and more difficult and the interest costs are high, debt consolidation is an option to seriously consider to stop the bleeding and make a fresh start. But is it accessible to people with low odds? What are the solutions for debt consolidation in the event of bad credit?

Take control and Request a debt consolidation with bad credit now

Conventional financial institutions typically provide debt consolidation loans to individuals who wish to reduce the number of their monthly repayments on multiple unsecured debts and who:

  • justify income above their expenses
  • mainly have debts on credit cards
  • have a good credit record.

People with bad credit ratings who apply for a consolidation loan typically face refusal from traditional banking institutions and have to turn to iffy credit consolidation.

Mortgage consolidation

Mortgage consolidation

You can use the net value of your property, which is your market value less the balance of the mortgage, to consolidate your debts. This option makes it possible to repay credit and store finance cards as well as other personal consumer loans and realize significant savings by benefiting from much lower rates than cards, while spreading payments over a period of time. longer period. If this solution brings a real breath of fresh air, it requires in parallel to review its budget to limit its unnecessary expenses and pay off debts as soon as possible.

The consolidation loan from a private lender

The consolidation loan from a private lender

In case of refusal of traditional banking institutions because of bad credit, it is also possible to apply to a private lender to obtain a debt consolidation loan. However, this approach is of limited value if the lender offers a loan at an excessive interest rate.

The consumer proposal

The consumer proposal

If your consolidation loan application has been refused by your bank, you can not consider a mortgage consolidation and private lenders offer you a loan at a prohibitive rate, there is always the solution of the consumer proposal. This approach involves going to a trustee to establish an offer of repayment to your creditors. In other words, you reduce the number of your debts by negotiating your debts down: as a rule, this option makes it possible to very significantly reduce the debt, and to erase up to two-thirds of the amount of the debts. You also pay your debts without interest. The major disadvantage of this solution is that it negatively impacts your rating. However, it avoids the solution of last resort, in other words, personal bankruptcy. And once the proposal is settled, it will be easier to rebuild your credit.

Debt consolidation reduces the number of monthly payments while helping to adjust one’s credit rating. When this solution is not available in a traditional banking institution because of bad credit, one can move towards mortgage consolidation or a private lender. Finally, when none of these solutions is possible, the consumer proposal is a drastic but effective way to reduce its claims and the number of its reimbursements while avoiding personal bankruptcy.

Italy Credit Card Comparison – Request A Credit Card

Credit card yes or credit card no? The dilemma is not that of the small ones, because the payment instrument scenario has become more complex since debit cards, revolving cards, rechargeable cards and – from last – the virtual payment systems associated with smartphones, such as Apple Pay or Samsung Pay.

The result of this crowding is that at best the consumer feels confused by so much abundance, often ending up making poorly informed choices dictated only by hearsay or by fashion. What is lost is the dear, old credit card, the one in the balance, which is considered in most circumstances obsolete because it is linked to a financial world and to saving trends that no longer exist, linked as they are to a company that does not it’s more like twenty or thirty years ago.

In other words: continuous recessions, epochal changes in the field of employment, different lifestyles have made credit cards a relic of a bygone era. And especially in Italy, which has suffered the economic crisis dramatically more than other states.
But is it really so?

The credit card risks extinction

The credit card risks extinction

Let’s go step by step: it is certainly true that credit cards suffer from the competition of more agile tools such as prepaid cards, which often present themselves as disengaged from the possession of a CC, or hybrid instruments that are born for the smartphone and are simultaneously accounts and systems. virtual payment.

It is also true, however, that in the face of these revolutions the world of credit cards has every interest in trying to attract as many customers as possible, without limiting itself to being “mandatory” for this or that rich guy. Staying interesting in the eyes of savers is essential to avoid the risk of extinction, and the world of financial institutions has taken the matter head-on, with decidedly aggressive strategies.

All the features to keep in mind

Aggressive in what sense? Will these credit cards be given away?
The answer is: it depends on what is meant by a gift. The banks rely on a certain number of features to make these plastic cards (still) attractive, but there is no single model of customer, so some properties can be very welcome, while others … no. Let’s see the main ones.

    • Contactless payment capability: to pay without typing PINs and without having to sign (exceptions exist). Great convenience, but there are those who fear that credit cards of this type are more exposed to possible data theft.

 

    • Increase in the ceiling: for those who are in the habit of using credit cards for very important expenses, the current scenario proposes credit lines that can even reach 20,000 euros (as in the case of CheBanca!) Or even unlimited, as is the case with American Express .

 

    • Withdrawal: those who use credit cards to withdraw frequently (but no!) Will want to move towards those that allow an upper limit of 250 Euro, now too low to cover weekly out-of-pocket expenses, gasoline, occasional dining out and out program.

 

    • Annual fees: almost all the banks have established themselves offering credit cards at zero euros. In this case, however, it is always good to read the membership conditions to the end: for example, American Express credit card costs are zero, except for 75 euros once the first year of use has been used up. The aforementioned CheBanca! it has a fee of zero, but only if you use the card for at least 5000 euros of expenses in the calendar year. Webank, on the other hand, offers it for free.

 

  • Withdrawal commissions: as previously mentioned, banks do not do charity work, and in some way must fall within the costs incurred for their customers’ operations. One of the most frequent ways is precisely the annual fee, but compared to the years in which withdrawing from an ATM was often always free, now some institutions also impose a percentage on the amount withdrawn. These sums vary between 2 and 3% of the total, all Italian standard, but there are also companies like American Express or Hello Bank, which hold 4%!

If these characteristics leave you perplexed, it must be considered that credit cards have, compared to other instruments, also an undoubted advantage: the reimbursement of fraudulent expenses eventually carried out in the event of theft or hacking. The same cannot be said in the case of prepaid cards – although there are also some virtuous examples, this remains one of the advantages of credit compared to debits (or other non-cash payment methods).

As in any situation where an important choice must be made, we always invite you to compare the offers of the various institutes: some costs in exchange for certain characteristics may seem excessive, of course, but they never appear all together.

In fact, a bank that has too many “cons” would never be chosen. It is true, there are also customers who are too lazy to change, but they are an endangered minority. Consumers now demand, and the world of credit cards is realizing it. This is why it is a constantly evolving universe.

Credit cards Online – prepaid

 

 

 

The advantages of prepaid cards in Italy

Companies operating in the financial and banking sector have long learned, and not only in Italy, to leverage concepts of emotion and practicality to increase their turnover: their most successful products are often linked to the needs of the customer to think about the future, to have everything at hand, but above all to have a comfort that was lacking before.

It is no surprise, therefore, if there was a surge in proposals in the prepaid card sector, and particularly in the last three years or so: in a previous field monopolized by Poste Italiane, today there are about thirty offers for the public, different for access conditions and costs, but all with a single common factor: they serve to keep more or less small amounts of money in what is a virtual purse.

The types of prepaid cards

The types of prepaid cards

Basically we can talk about improper or own prepaid cards:

a “prepaid” disposable card is “improper”: once the credit stored on it (freely decided by the customer) is exhausted, it can no longer be reused.
then there is the prepaid card not linked to the current account (main or secondary that it is) of the customer who purchases it.
a more advanced type can instead be connected to the current account, and by virtue of these characteristics, although it is prepaid like the previous one, it will have higher costs.

The advantages
With these premises, a prepaid card can be used for household expenses, to pay bills, to make purchases online without affecting the current account and without exposing it, for those who fear this kind of events, to possible computer scams in the case of online purchases.

What does the bank benefit from?

What does the bank benefit from?

The opening of prepaid cards is very often offered free of charge by the bank: this serves to entice the customer to approach this kind of products. There are even companies that are completely different from banks, such as Trenitalia or NTV (Italotreno), which offer a free prepaid card to those who register for their loyalty program.

Instead, there are costs to top up a rechargeable card with the amount exhausted, or annual fees for rechargeable cards with more advanced features: it is from these costs that financial institutions earn.

The most interesting prepaid cards available in Italy

Widiba: the top-up offered by the Monte dei Paschi group is part of the Visa Electron circuit, allowing withdrawals up to 250 euros without commissions and a maximum of 10,000 euros of storage. It has an annual fee of 10 euros.

Hype / Hype Plus: two different Banca Sella products, which are the most popular for their generous features. In fact it allows, in the plus version, up to 50,000 euros of annual storage. The withdrawal fees are zero (but only in Italy). In the plus version it allows up to 1000 euros of daily withdrawal. It belongs to the MasterCard circuit.

prepaid credit

Webank Carta Jeans : up to 2500 euros of storage for this card without costs, much loved by students who can also open it as children, provided that one parent acts as guarantor. The only disadvantage is the 0.50 cents in commission on withdrawal.

N26: a slightly more structured product for this German bank that is having success in Italy with a message of great modernity: up to 5000 euros of storage costs are zero, if the stock is higher you pay an annual fee of 34 ,20 euro. In return you get a prepaid card, the possibility of making free transfers and an app with which to manage your account. Withdrawals are free in Italy.

Soldo: available in Personal, Family or Business version, entails for a personal or family use a fee of 2 euros per month, with a cost of 5 euros for a contactless card. The cost becomes zero if you use it in virtual mode, with a card number generated online and usable for a single operation through the dedicated app. The circuit is Mastercard, and the withdrawal costs are equal to 1 euro, with those of reloading from 0.50 euro upwards depending on the amount if the operation is done with a credit card.

 

 

Best 2019 Debt Consolidation Loans, get more cash with our Funding!

Nowadays, more and more families rely on banks or financial agencies to apply for a loan, but how to apply for the best loans in 2019?

In fact, the statistics confirm that, in 2018, the loans requested by the Italians increased by 9.3% and the debt consolidation https://dedebt.com/ by 5.5%. According to ASSOFIN (Italian Consumer Credit and Real Estate Association), the Loans are requested for the purpose of buying used cars (18%). Next, we have funding for new vehicles (16%), home appliances and electronic devices (16%) and for renovations (15%). Another growing data is that for medical and dental expenses (12%), in the top floor, we have the percentages of loans obtaining liquidity to invest in the company (2%) and to finance the study of children (5%).

The latest data emerged, let us deduce that a large part of Italian families, in order to meet expenses, requires a loan.

What are the most requested loans in 2018?

Loans with the most requested purposes are:

  • Loan for used or new car purchases
  • Loan for the purchase of electronic devices
  • Loan for home renovation
  • Loan for medical treatment
  • Loan for marriage
  • Loan for studies

These forms of Loan help the client to get the required amount of money in a short time. Among the quickest loans, the Personal Loan certainly emerges, but it will be much more selective than a Cession of the Fifth.

What will be the best loans in 2019?

The best loans in 2019, due to the rates that will be further facilitated, may be the transfer of the fifth salary or pensioners INPS / INPDAP the assignment of the fifth pension. For the same reason, we also recommend mortgages, which have had a very low-interest rate for some years, to be verified and assessed only by the convenience of a fixed rate compared to a variable rate.

Recently, due to absurd expectations to liquidate TFR, banks have started using the TFS advance product. The advance TFS allows those who had just retired, a faster advance, in fact, it will be the bank itself to anticipate this fund, applying a rate that is usually around 5%.

SME Loan – Finance your business comfortably

Getting loans for SMEs is not as difficult as before. In the current financial market you can obtain financing for small and medium-sized companies , which is much simpler thanks to the emergence of private equity companies and new participatory financing platforms that grant fast and comfortable SME loans.

 

ALL YOU NEED TO KNOW:

  • What are SME loans?
  • Where can I apply for a business loan?
  • General conditions for contracting SME loans
  • Learn 5 tips before asking for a business loan

What are SME loans?

Image result for sme loan

Loans for SMEs are loans that small and medium companies can contract to finance their operations. Although they receive this name, in reality SMEs can get both loans for companies and lines of credit, as well as other financing products designed to cover more specific needs (advances of invoices, discounts of promissory notes, etc).

When the crisis began, the conditions to obtain financing became much more rigid, which translated into a closing of the credit tap by the banking entities. Many companies that needed liquidity saw banks deny them access to money. This meant the closure of many companies and those that managed to survive had to look for alternative sources of financing . Because of this situation, many private equity companies and financing platforms emerged, such as P2P, with which companies obtained the capital they needed.

The variety of offers of this type of financial products is very broad. For this reason, before hiring a loan it is advisable to use a comparator to compare all the options available in the market. In this way, we can get the loan that best suits our needs and economic circumstances.

 

Where can I apply for a business loan?

Mainly, SME loans can be obtained through three different types of entities : banks, private lenders and participatory financing platforms (also called crowdlending platforms). In the first case, it is advisable that we turn to the bank of which we are clients, since they will know the situation of our company and can offer us a loan for SMEs that suits the needs of our business.

On the other hand, if we do not meet the requirements to access loans for small and medium-sized companies of our bank or do not convince us of their products, we can request financing from private equity companies or through crowdlending platforms. Below, we show the main options to which we can access:

  1. Banking entities : it is recommended that our first option is to go to our bank in search of financing. This is because they know our situation and have a track record of our history, which can help us achieve better conditions. In addition, the application and grant process will be faster since the bank will have all our data and we will not have to waste time in paperwork.
  2. Private equity companies: currently, there are several private equity entities that offer fast online loans specific to companies and SMEs. The great advantage of these products is that we can request them comfortably from home, without having to submit huge amounts of paperwork and that do not require us to be customers of the bank.
  3. Crowdlending platforms : through P2P loans, we can get the financing we need without having to physically move to any office and with a totally online process. In these platforms they get in touch: on the one hand, people who want to obtain financing, and on the other, people willing to finance projects to achieve profitability.
  4. Loans from the Ministry / State : if we need large amounts of capital for our company, we can use the financing offered by government entities, such as ENISA or the ICO Lines (Official Credit Lines).

If we are self-employed, we can also request loans for freelancers to finance our business, both in P2P platforms, banks or private equity lenders. It is important that we keep this option in mind as we can get products that provide us with more benefits.

 

General conditions for contracting SME loans

There are many different entities to which we can go in search of a loan for our company, so each of them will require us to comply with certain requirements, which may also vary depending on the type of product we request. Generally, these are the conditions that we will have to meet in most cases:

  • Our company must be registered in Spain.
  • We must have a sufficient annual income . They will ask us to comply with this requirement to make sure that the company has a solvent profile.
  • The company must enjoy a minimum time of seniority . They will ask us this in order to analyze their history and make sure that it is consolidated, normally they are usually at least 12 months.
  • It is important that we are not registered in any delinquency file such as ASNEF or RAI. The company that will finance us will analyze our credit history to verify this.

Fulfilling these requirements, we will not have any problem in accessing the financing we need. However, we must bear in mind that each type of credit for SMEs and freelancers will require certain requirements, depending on the purpose and amount requested. In turn, the level of billing of the company will be another aspect that will be taken into account when granting more or less financing.

 

Learn 5 tips before asking for a business loan

Learn 5 tips before asking for a business loan

When we apply for a loan for SMEs, our goal should not only be to obtain the financing we need, but also to try to obtain it at the best price. To find the loans for SMEs with the best conditions, we recommend doing the following:

  1. Do not wait until the last moment of desperation to apply for funding . We have to start informing us with a margin of time in advance. Thus, we will avoid hasty choices and stay with the first option.
  2. Request financing from several lenders at the same time to be able to compare and have a “b” option when one rejects us.
  3. Always ask for the commissions that they will charge us and for the possible costs of connection, beyond the interest rate.
  4. Propose a realistic payment plan but without being eternalized , since time is the factor that makes a loan more expensive.
  5. Request a binding offer or pre-contract and read it carefully to know what we are committed to and ask again everything we do not understand. Remember that the contract of a loan will condition our economy over the next few years and that I have better informed we are, our actions will be better.

If we follow these tips, we can probably get a good loan for our company. That is, optimal conditions that allow us to perform the actions we have in mind, comfortably and paying as little as possible, in terms of interest.