Category: Articles

The pandemic has drastically impacted our lives and our savings. Research shows that while lower-income households across the UK have had to dip into their savings to stay afloat, higher-income households have grown theirs. It seems everyone is looking for new income streams and ways to get more bang for their buck – including navigating the often-complex world of savings and investments – and they’re turning to the internet for advice on where to start. That’s why we’ve filtered through the noise to give you the nation’s top 10 most commonly asked questions around personal finance – and answer them too.

The world’s central banks (US Federal Reserve, Bank of England, Bank of Japan and the European Central Bank) play a crucial role in the global economy. Broadly speaking, they serve as both policy maker and lender of last resort and their objective is to help keep their respective economies in balance.

Every few years the line between traditional and alternative investment opinions is re-drawn, as many alternative investment options become more and more mainstream. Everything outside the traditional investment options that are typically accessed through traditional financial institutions - falls into the category of alternative investments. They do not include, what is now considered traditional investment options: ETFs, gold, bonds, pension funds, and others.

Paying your bills and having a little leftover each month to contribute to savings can be challenging. Even working in a well-paying career, it can be difficult to feel like you are making headway with your financial goals. If it doesn't feel like you are progressing as you should, take a look at these common money mistakes and see if any sound familiar.

There is no end to the questions and misconceptions people have about insurance. One of the most common misconceptions is that insurance is intended to be a discount for needed services. Indeed, many people never have reason to question this idea. After all, a visit with the general practitioner costs about $150 without insurance, and $5 or less with insurance. They measure the quality of insurance based on the perceived discount they gain.

We are used to reading about U.S. businesses expanding to Europe. We often overlook the growing trend of E.U. based businesses expanding to the U.S. There are many good reasons a U.K. company, in particular, would be interested in expanding to a location across the pond. Those reasons include, but are not limited to the following:

In times of sudden and dramatic change, people tend to react in one of two ways. They either tense up and resist the inevitable for as long as humanly possible or take a deep breath and adapt to the new normal.

There’s a common misconception that credit doesn’t matter until you’re applying for a mortgage, credit card, or personal loan. Truthfully, most people don’t even review their credit history until they need to borrow money or a line of credit. Although having a good financial record does apply in these circumstances, it’s just the tip of the iceberg. Ultimately, a consumer’s credit is used in many different areas of their lives.

It doesn’t matter if you’re a business owner or an individual simply looking for a way to boost your financial standing, there are steps you can take to move in the right direction.

Do you feel like you are always going through ups and downs with your income? Unfortunately, riding a financial roller coaster won’t allow you to achieve wealth or even hit your long term goals.

Many financial service firms rely on the effectiveness of their salespeople to drive revenues and growth. But many salespeople may not be maximizing their performance. As a result, they may be hindering the firm's performance.

The relevance of international money transfer companies is growing fast. It’s because slow and expensive bank wire transfers are a big problem for many people. Businesses need cheaper transfers for making and accepting payments. International investors need them as much as small business owners. Losing up to 3% on each transaction (bank transfer cost) can make their investments unviable. Most of all, migrant workers need these transfers as the cost of remittances matters a great deal for them and the global economy. There are also international travelers and other people who mostly use these services for convenience.

The COVID-19 pandemic has been financially challenging for tens of millions of Brits, but none more so than for the UK Government who has borrowed billions so far to fight the Coronavirus and keep the economy afloat. Just like businesses, governments have balance sheets and competing priorities for their money. And a new study by investing platform Stockopedia.com, comparing national debt across the globe during the pandemic, has found the UK is among the worst in the world for its rising debt levels.

One of the most fundamental concepts of generating wealth is knowing how to save money. When you master the art of stretching your earnings further, you have more resources to invest and save towards a more secure future. While shopping around for the best price, using coupons, and other common savings tactics are ideal, other strategies go overlooked, costing you hundreds of dollars each year. Continue reading to learn more.

At some point in your life, you have been encouraged to think outside the box. In the simplest terms, it means to consider something that stands outside the mainstream. However, that advice needs a lot more nuance to be truly useful. You don’t want to take a hostile view toward the mainstream solution. Most of the time, the mainstream solution is the best one. After all, that is how it became the mainstream in the first place. It is the thing that works most often.

You're getting the stimulus check, which is great news for those experiencing financial hardship. Now, it's time to think about how you're going to use it. The following are a few ways to help yourself and the nation's economy.

Women make up about 50% of the population while controlling only 30% of the wealth. This is the worldwide statistic that is set to dramatically change in the right direction over the course of the next decade. As bad as the numbers appear, they actually represent good news. This is a big improvement that is set to continue. Women’s growing wealth prompts the need for changes in the banking sector.

Any business’s objective is to make a profit or be sustainable over time. To achieve that outcome, one must understand the steps necessary to accomplish the results desired and all the little things that go into making that goal a reality. Did you know that employee satisfaction, job performance, and productivity are linked with excellent or poor management?

There is this little thing called retirement. It is held up as the prize for a life well lived with time and resources left to enjoy. Not everyone wants life’s golden parachute. Some prefer to work all the way up to the end. They never want to slow down. They always want to be in the mix. Those who have risen to the top of their field don’t necessarily look forward to the day when they are no longer in charge. Being in the middle of things and riding the wild wave is what gives their life meaning.

As the largest commercial bank in Afghanistan, it may have also proven difficult for Azizi Bank to simultaneously ascertain the title of best commercial bank. Yet, that is exactly what this outstanding financial institution has done, and has rightfully been awarded that title of 2020's Best Commercial Bank, Afghanistan in this quarter’s issue of Wealth & Finance International Magazine. Join us as we find out more about what the bank has to offer, what makes it so unique, and why it is deserving of this international recognition.

The Bitcoin price nears $50,000 and will continue to reach new highs in this first quarter of 2021 – but investors should also expect volatility due to increasing regulatory scrutiny. This is the warning from Nigel Green, CEO and founder of deVere Group, one of the world’s largest independent financial advisory and fintech organisations. It comes after the cryptocurrency hit more than $49,700 for the first time in history on Sunday.

Research released on Monday by Mettle, the NatWest-backed business account, using YouGov’s platform, estimates that the UK’s growing self-employed and side hustler movement will contribute an estimated £125 billion in turnover to the UK’s economic recovery in 2021. Furthermore, small and medium-sized businesses (with 1-49 employees) are estimated to contribute approximately £310.46 billion.

People say that money makes the world go round, but the truth is that good credit provides you with the most opportunities. Building credit can be a challenge if you don’t have any previous history. However, it’s an essential part of life and can simplify many situations.

Mintos, the largest marketplace for investing in loans in Europe, saw a stable increase among women investors in the EU, with the sharpest growth in Estonia, where women constituted 36% of all newly registered Estonian investors. Meanwhile, Germany led the way with the highest number of women investors overall.

The outstanding value of non-emergency lending by banks to SMEs has dropped by 10% from £168bn in December 2019 to £152bn in December 2020, shows new research from ACP Altenburg Advisory, the debt advisory specialist.

Bitcoin was driven to new record highs on Tuesday morning – trading above $48,000 – as investors continue to pile in on the news that Tesla bought $1.5bn worth of the cryptocurrency. A filing with the U.S. financial regulator on Monday reveals that the electric car company run by the world’s richest person, Elon Musk, has made the massive purchase of the digital asset which has jumped more than 300% in a year. The surge in the price of Bitcoin and other cryptocurrencies, including Dogecoin – which was also fuelled by an endorsement by Musk on Twitter over the weekend - comes as digital currencies become mainstream due to soaring interest from both retail and institutional investors, increasing levels of mass adoption, and as global interest rates remain at historic lows.

Gold is one of the safest investments available, apart from a savings account. This is because of its stability, even in uncertain times. In the past, owning gold was quite controversial because of the worries surrounding its price fluctuation and potential instability. Now, however, more people choose to invest in gold as part of their overall assets because of its many benefits. For one, investing in precious metals is a good way to protect your savings.

Investments. A broad term that can be used to describe the purchase of a large form of collateral, such as a house or other class of asset. Or smaller item investments can also be used to describe a luxury watch, a prime example of this is when an Air Force Vet purchased a ‘Cosmograph Daytona Oyster Rolex’ back in 1974 for $350, later to find out the exact model is now worth $700,000 in 2020.

Retail investors have made quite an impact on the stock market recently, although several seasoned investors deem them as amateurs set to make wrong decisions and lose their wealth. Other experts believe modern investors are becoming a force to be reckoned with.

Investing was one of the most unpredictable aspects of 2020 for anyone concerned with the market, whether that be a sophisticated portfolio or just a workplace pension. The stock market crash at the start of the lockdown and continued economic disruption has left many wondering what the future will hold, while soaring tech stocks have added further complexity to an ever changing market. But what has the Covid pandemic taught investors?

In the light of the pandemic many are experiencing financial difficulties and are feeling the pressure of waiting for payday. Research carried out by Money Advice Service has previously discovered in the UK there 8.3 million adults who have found meeting monthly bills a “heavy burden” and have missed more than two bill payments in a six-month period. With the current economic climate and new research performed by EY, the weight of financial commitments is now at the forefront of people’s minds, as a result employers are exploring ways to alleviate the financial pressures currently felt by many.

Conister Finance & Leasing Limited (“Conister”), part of Manx Financial Group PLC (AIM:MFX), today announces that it achieved record lending levels in 2020, by advancing deals totalling £131 million, representing a 7% increase on the total amount lent throughout 2019 (£122 million), by providing critical funding to small and medium sized enterprises (“SME”) as they navigate the economic impact of the COVID-19 pandemic.

According to KIS Finance’s financial survey, only 31% of adults in the UK could correctly identify what an APR (Annual Percentage Rate) is, including its purpose and how it should be used. Even more worryingly - a massive 68% of credit card holders don’t know what an APR is, bearing in mind that the APR is undoubtedly one of the most important factors when comparing unsecured financial products like credit cards and personal loans.

The cost of home insurance in general is quite high in the United Kingdom, especially if you live in one of the major cities like London, Oxford or Winchester among others. There is, of course, a direct correlation between the average cost of home insurance and that of the local real estate in any area, so we are not likely to see home insurance costs coming down significantly anytime soon. If anything, all trends point towards both home and health insurance becoming even more expensive in 2021.

Stablecoins are a form of cryptocurrency that differs in one key way to the likes of Bitcoin and Ethereum – they’re stable, hence the name. Rather than experiencing volatility on the markets, those who purchase stablecoins can relax knowing that their investment won’t fluctuate in price. This makes them beneficial for not just individuals, but businesses that accept cryptocurrency as well.

Synergy Quantum is the technology brand of Synergy Asset Management. It was born to address one of the most prominent concerns of the world’s wealthiest families: THEIR PRIVACY