5 Companies that You could’ve Invested in to be Rich Today

investment

Stock investment is probably the riskiest business for the general public. Figuring out which stock to buy is no easy task. Monitoring the growth of companies and the rise and fall of stocks requires high market research. Investing in stocks sure is risky, but the returns are high and you might end up getting super-duper rich.

Let us look at 5 companies which, you could have invested in 10 years ago to become super rich today.

  1. Bitcoin

This cryptocurrency went public in 2009 when its points cost about 5 to 10 cents which is roughly 3 to 6 rupees. So, one bitcoin would have cost you 6 rupees back then. If you would’ve sold that Bitcoin for the current price, you would’ve received 280660.87 Rupees for one bitcoin. This insane growth would’ve made you a millionaire if you would’ve invested a few thousand rupees back in 2009. Bitcoin has seen a tremendous growth in 2017 and it is expected to further increase. Don’t you wish that you or your parents should’ve invested in bitcoins and now you would be sipping smoothies from coconut shells in your private island?

  1. Apple

Apple products are getting extremely popular in India. iPhones have become a status symbol amongst the middle-class families. But did you know that Apple stocks were trading around $10 per share in 2007? Now the share prices have hit $154.12. A $5000 investment in 2007, you have gotten you 500 shares in Apple. Selling this stock now, you would have made 77 thousand dollars in 10 years. Of course, these gains look nothing compared to those of bitcoins, but are still significant. And we all know that the Apple market will grow further as it is the most iconic and well-known brand.

  1. Netflix

Netflix isn’t just famous for Netflix and chill, but this giant entertainment package has been a favourite in the business market as well. With an increase in the video streaming industry, Netflix has seen a soaring rise in their stock values. With $3 a share in 2007, in ten years the shares have reached a whopping $181.35. With an investment on $5000 ten years ago, you could’ve easily earned 302 thousand dollars. The growth in the stock price makes Netflix the best stock you could have purchased in 2007. Netflix has seen a few ups and downs, with a 300 percent increase in 2013 and a 400 percent increase in 2003. But in 2011, Netflix suffered a 60 percent fall in its share prices.

  1. Priceline

This travel company with shares traded at $44 ten years ago, now trades shares at $1830.82. By investing in this giant travel agency, you could’ve made 200 thousand dollars. Priceline has been a king in the stock department. It has seen a rapid growth in its prices and currently, without a significant investment, you won’t receive a high profit.

  1. Amazon

Amazon has come a long way from its initial share pricing of $18 in 1997. The shares have skyrocketed 48,197% from their initial pricing. Before you would buy literally anything from this store, Amazon was just an average online bookstore. Investing in Amazon in its early days would’ve made you a millionaire today. During the last ten years, Amazon has gained 1405% in its share prices which is a tremendous growth. Currently, the Amazon share price stands at $961.35 per share. Amazon being a leader in the e-commerce business, constantly adds new products and services, making it the one stock you will want to hold on to for a long time.

This list certainly makes you regret your choices over the last decade. But now, you can try to make wise decisions regarding stock investments. Instead of buying a new iPhone which you probably don’t need, you can use that money to buy some stocks in a growing company, and no one knows you might hit a jackpot. But, always make informed decisions when it comes to stock market. Research the business scenario well and then wade into this risky territory.

8 Best Ways to Send Money to Australia

bank transferTransferring money to foreign countries is not a hassle anymore. Today, we have a lot of instant money transfer (IMT) providers, banks and other FX agencies that can transfer any amount to the target bank account within a matter of few minutes (could take hours or even several days in exceptional cases). Transferring money to Australia from another country is as simple as transferring money within the same state. Today, online remittance platforms can help you convert AUD to INR in a blink of an eye. Going for old methods such as bank drafts or money orders seems like going back to the time when dinosaurs existed. Today, we have more effective and faster ways at our disposal to transfer funds online.

In this article, we are going to list those super-fast and advanced ways to send money to Australia. So, let’s get started.

1: Banks

Banks provide the easiest and the most secure gateways to transfer funds to Australian bank accounts. Before transferring money to an Australian bank account, you need to have the following details ready:

  • Recipient’s full name and address.
  • Information about the bank or any financial institution the money is being sent to.
  • SWIFT/IBAN of the recipient’s bank.
  • The amount to be sent.

The only drawback of transferring funds through banks is that they are very expensive. International wire transfers cost around $45 (if in American dollars) or else it is just $35 for other currencies.

2: E-Transfers

etransferElectronic fund transfers are very reliable. There are a lot of Foreign Exchange agencies or IMT providers that work for the same. You just need to deposit the amount in their local wallet, fill in the necessary details carefully and hit the “Send Money” button. Online transactions are faster and more secure except in some cases where faulty gateway security certificates might make you vulnerable to hackers.

 

3: PayPal

PayPal is a very economical method of transferring money to Australia. Sending money through PayPal is free except that it deducts its own charges when the money is transferred to other bank accounts for cash. The charge is 2.9% for transfers up to $3,000 plus $0.3 per transaction.

4: Personal Cheques

personal chequeTo send money to Australia, you can fill in a cheque and send it through the mail to the recipient. This takes a long time to encash. Sending a cheque overseas in American dollars compels banks to verify the deposits, with some banks directly rejecting foreign cheques in worst case scenarios. It is, however, easy to cancel cheques through the mail than sending money in cash.

 

 

 

 

5: E-mail Transfers

This mode of transfer works like an electronic cheque. The transactions are set up through emails and the recipient is informed that the funds are available. It does not need the target account number. A simple security question can provide access to the available funds and it can be easily converted into cash.

6: P2P Transfer (Peer to Peer)

This method finds people eager to buy and sell currencies online. There are dedicated companies that can aid you in your fund transfer. This match between buyers and sellers is based on the countries to which funds have to be transferred. This method is really cost-efficient and allows transactions anywhere between $1000 and $100,000.

7: Bitcoin

This is one of the easiest ways to transfer money overseas. It, however, needs you to be familiar with how digital currency works and is encashed. Just set up a wallet with companies like CoinJar, fill up your wallet (with Australian dollars), convert it into Bitcoin and send it to the recipient’s wallet. The recipient can thereafter convert it into the local currency. It is a comparatively lesser expensive method except for that fact that exchange rates might vary since you are converting currency twice.

So, these were some of the best ways to send money to an Australian bank account. Just pick one that suits you the best and you are good to go.

Life Insurance Concerns

life insurance

As a person that just recently bought life insurance for my wife and I, it was a learning process. We started off by going to our local insurance agency and asking them for some information about life insurance. We are both reasonably healthy with no sort of major illness or injuries. Neither of us smoke or are overweight either. I thought we would be able to get a $100,000 life insurance policy at a great premium. I realized quickly that this was just the beginning of a month process.

The financial security advisor that we met provided us with numerous life insurance options. When we finally came down to a life insurance policy that we wanted, their prices seemed a bit high. We wanted a policy that would take care of funeral costs and leave the remaining spouse enough to live out the next couple years without having to worry about money as they go through the grief process.

We left the insurance agent’s office without signing anything. This is an important step when shopping for life insurance. The agent might present a quote by saying it is one of the best rates they have ever seen, but they are just trying to get our business. We later realized that insurance agents are mandated by a specific company and only promote this company’s products, regardless if it’s the best option on the market or not.

We knew we were not asking for a huge policy, and that we were both healthy, so we went online for premium comparisons. This is when we decided to contact an insurance broker. Insurance brokers negotiate with many insurance companies to obtain the best products for their client that mandate them. They only make money from commission. It was important for us to find an insurance broker who can advise you to get the best premium for your life insurance. We needed someone who could guide us through this process a bit without having a feeling we were paying too much. Unlike the insurance agent, the broker inquired more about our current situation, our needs and future goals.

Brokers sell all types of personal insurance, whether it be health, accident, or life, for a family, self-employed, professionals, associates, etc. They can assist you in finding the best premium for your needs across the board. They are also a bit of a lone wolf since they are not responsible for answering to one company, and this is a good thing.

It took a couple emails and one long phone call, but the broker that we contacted came back to us with about ten life insurance quotes from the best insurance companies around. All of them were about half the price of the original quote we received from our local insurance agent. We chose one of the best, and they immediately sent someone out to our house within a couple days to do physicals on us both for no charge.

They had to process all the paperwork after that, and the company needed to closely look over our family histories and medical records. All in all, it took approximately a month before our policies were finalized. However, it gave us a peace of mind knowing that the other will be taken care of if something should happen. It wasn’t a huge dent in our budget either. I would definitely make the recommendation to contact a life insurance broker in your near future.

Why You Should Buy Gold

This isn’t 1817, so some people are still surprised about why some investors spend a lot of money buying gold. Gold, and other precious metals like silver, has been historically considered wealth generators. Even as the economy has moved forward to depend on currency, there is a unique quality to gold that makes the metal worth owning.

Buying gold is not actually just for wealthy investors either. In fact, wealthy investors recommend that all investors diversify their portfolios with gold. Read ahead to find out why you may need to own some gold yourself:

How Gold is Valued Against Currency

The price of gold is valued in an inversely proportional manner to major world currencies like the dollar. This is an extraordinary relationship that moves the market. Historically speaking, gold prices are highly volatile, so it’s not a sound investment. However, the nature of the value of gold indicates that when the dollar value goes up, the price of gold comes down. Likewise, when the value of the dollar plummets, the price of gold skyrockets.

Now let’s consider the situations that affect the value of currency. When the market is doing good, the dollar is strong. There may be minute fluctuations here are there, but that’s to be expected. Then again, there are certain situations that make the value of the dollar come pummeling down to the earth. Financial crises, like recessions and depressions, cause the value of currency to nearly disappear. So what happens when you own your assets mainly in cash? When the market crashes, the value of these assets crash along with it. This is what happened to many investors during the Great Recession in 2008. Decades ago, a worse situation occurred during the Great Depression.

But what happens to gold during financial crises? It goes way up. The value of gold saw historic highs in 2008. Even smaller scales of financial uncertainty, like the recent Brexit, devalues cash assets, but strengthens the value of physical gold assets. Simply put, gold acts as a hedge against financial uncertainty. When you have gold in your investment portfolio, your wealth will be protected, even if the market crashes and all your cash assets are wiped out. Gold, therefore, is one of the most reliable forms of assets to own. This is why you might see headlines about prices of gold going up when there are financial or political uncertainties that could potentially affect the market.

Should Regular or Casual Investors Own Gold?

Gold is for everyone who has cash assets that could be affected by financial uncertainty. When the recession hit in 2008, it affected everyone, not just the high-rolling investors. Therefore, it’s recommended that all investors consider buying physical gold.

For most people, financial uncertainly mostly affect retirement savings. When you diversify your retirement investment portfolio, or a self-directed IRA, it’s not wise to have all assets in cash. You benefit from the returns of these investments decades from now on. No one can say what could happen during this period. There could be another recession, or the market could end up performing really well like it’s the nineties all over again. The point is, nothing is certain. That’s why it’s important to diversify an investment portfolio with physical gold.

Some Misconceptions to Be Aware Of

There are loads of misconceptions to be wary of when buying gold. First of all, the recession-proof value of gold only applies to physical gold, like bars, national minted coins, and bullion. Not gold stocks. If you own stocks in a gold mining company, or stock-traded gold ETFs, then these investments are still cash investments. If the dollar takes a hit, the value of these assets will take a hit as well. To benefit from gold’s value as a hedge against uncertainty, you need to own physical gold.

It’s important to note here that just any physical gold wouldn’t do. If you own gold jewelry, the gold in these items will have to be melted down and weighed to have actual value. The cash value of the jewelry doesn’t matter. Likewise, the value of collectible gold coins and hedge gold are two different things. If you spent a million dollars on a rare collectible gold coin, that wealth won’t immediately translate into gold value. The gold in the coin will only be worth its weight according to the spot price at the time.

If you are going to buy gold, you will have to buy in bars or minted coins. Bars are convenient for owning a lot of gold at a time. Minted coins have the advantage of being tradable too.

How Regular Savers and Investors Can Buy Gold

These days you can buy gold easily online. However, that doesn’t mean you should. Regular investors can buy gold from dealers. Unfortunately, there is not national agency that regulates gold dealers. Therefore, you will have to find dealers based on reputation and recommendations. As a rule of thumb, only buy gold from dealers that are banks, reputed financial institutions, or registered businesses.

U.S. Mint maintains a list of reputed gold dealers. Don’t mistake these dealers to be “accredited” and entirely reliable. However, you can refer to the list to find a dealer that you can trust for the most part.

When you buy gold from a third party, you will have to pay a fee that is slightly above gold spot price. Before buying, it’s highly recommended to check the spot prices for gold for the week. The price the dealer offers should only be about 2 to 5 percent higher than the spot price. Do not pay exorbitant amounts way above the spot price.

When buying, consider storing gold as well. Good dealers offer options to store gold when you purchase from them. Of course, gold has to be stored in a highly secure location. You can pay for a vault in a bank if you don’t want to store the gold with a dealer.

There’s another option to store gold: IRAs. You can add certain approved forms of gold to a self-directed IRA as a form of investment. This is highly recommended if you want to hedge your retirement savings. You will need to hold a regular IRA for some time before you can convert it to a self-directed one. You will also need to appoint a licensed trustee. But once you do, you won’t have to worry about another recession hurting your retirement savings.

Why You Need To Try Warrior Trading

As you start out in the world of day trading, you need to make sure you know what you are doing. More than 90% of traders lose money out on the market. That is due to the rookie mistake of taking a bunch of money and trying to make a killing as a day trader with no understanding of trading strategies and risk management.

So how do you make the leap from novice day trader to profitable day trader? Education. You need to find the right set of teachers and infrastructure to learn optimal day trading techniques and how to implement them on a daily basis.

That is where Warrior Trading comes in. This Warrior Trading review will provide a comprehensive understanding of what the day trading education site does and how it prepares day traders to handle the ups and downs of the market.

And ups and downs is the key phrase there. Day traders make their money on volatility. Following stocks as they are about to spike and then riding that momentum straight to profits. The key is always picking the right stocks, the ones that are about to move and buying shares at the exact right time. Finding those stocks is a matter of being able to handle stock scanning software and read advanced charts, while also identifying the proper technical indicators that will tell you what to do.

Warrior Trading can teach you that.

Then you need to execute the trade. Navigating a brokerage account and protecting yourself with stop-losses on each trade is important. Risk management is the lifeblood of a successful penny stock day trader. How can you make money if you can’t stop chasing bad trades down the y-axis into the red? Making sure that your trades are full of risk management strategies is a simple way to make sure that you are hitting your profit and loss targets each day, each week, each month.

One of the best ways to learn risk management is to trading in market-like conditions. That is where a paper trading simulator comes in handy. A trading simulator provides you with virtual currency, a brokerage account and real-time market conditions where you can trade and learn on the job. Warrior Trading’s simulator has Level II quotes and advanced charts that help you learn what it is really like to be a day trader. The experience that you get on the simulator is invaluable for your day trading education.

3 Things Debt-Free People Do That You Don’t

Things Debt-Free People Do That You Don't

Being financially independent and completely debt-free may be just a dream for a very large population of people. These dreamers are usually the ones who are giving chunks of interest money to the bank on a monthly basis.

But you don’t have to be jealous of the smart savers. Why don’t we go ahead and look into some simple habits they have and other people don’t. We might just find out the secret that is helping these savers keep a ton and break away from the bank’s jaws.

Every penny counts mentality

If you ever went shopping with one of these smart savers or you just had an opportunity to follow him on one of his shopping ventures, you know what I mean by this subheading.

People who are truly fighting for their money will know how to respect it and will not waste it buying stuff they don’t need. It is not unusual to see them following a shopping list while buying food and groceries either.

Why do you think it is important to sit down and make list before you actually go shopping?

Do a simple test.

Try going shopping without a list like you always do and save your receipt from the supermarket.

Then, on another occasion, take a minute of your time to write down everything you need to fill your refrigerator.

Don’t buy anything else than what was written down! Hold on to that receipt also and take your time to analyze how much money you spent on both occasions and how important were the items you bought.

Surprised? Don’t be! It’s those small things that can make a huge difference at the end of the day. Learn and practice to save your money and use it more efficiently.

Don’t miss out on opportunities to get money

Saving is just one side of the coin. Stashing your money infinitely and for no obvious reason won’t get you far either. Inflation will literally eat up all your money’s value in no time if you hold on to it for long enough.

Instead, pay closer attention to what’s happening everyday around you. Get familiar with financial instruments, ways of investing money, follow fluctuations of exchange rates.

Possibilities are almost infinite. Make sure to use that little extra you saved to invest it wisely and multiply it. This will significantly speed up the process of repaying your debt.

Try to negotiate

Negotiation is one of critical skills that debt-free people possess and are not embarrassed to resort to. It’s really a shame for some reason not to negotiate in the first place. It just shows you don’t respect your money enough.

If you look at financially independent people that are always negotiating. Whether they are buying groceries at the local market, searching for a better car deal or negotiating a perk they need associated with their credit card. Always negotiating…

Taken into perspective of a person who is repaying a debt and putting loads of money in the bank every month, negotiating might just mean getting better terms of debt repayment. For example, do you know what is a debt agreement? If you haven’t heard of it yet, make sure to explore that option instead of giving so much more money every month than you should.

Of course, even if you follow in all these steps nobody’s saying that you will succeed to repay all your debts in a jiffy. But if you succeed to change your mentality and set your mindset differently, you are much much closer to reaching financial freedom.

Hellen McAdams

Hellen McAdams is the chief strategist at Marketee.rs. She loves a good digital marketing strategy and isn’t afraid to ask questions everyday to keep up with the industry’s trends. If you have any comments or questions, shoot her a question at @hellen_mcadams.