While diamonds used to be a girl’s best friend, pearls may now be the wiser purchase because we are in the middle of a Pearl Renaissance and everyone from Michelle Obama, Beyonce, Ellen DeGeneres, Kris Jenner, and Angelina Jolie to Rihanna and Keira Knightly are sporting the pearl look.
Scarlett Johansson and pearls.
While pearls are soaring in popularity, so is their price. You should buy them now, as they show no signs of slowing down, experts say. “It’s the perfect storm for pearl prices, and it’s happening right now,” says Leon Rbibo, President of The Pearl Source, an online retailer doing $10 million annually in pearl jewelry sales.
But why? Rbibo points to the following:
1) Escalations in the South China Sea – Some of the world’s most valuable and high quality pearls come from this region, and unfortunately things are very tense there. The main players – China, the Philippines, the U.S., Vietnam and Malaysia – have conflicting views on to whom that territory belongs, and that equals bad news for trade/importing.
2) The Environment – Natural, high quality pearls are becoming scarcer on the market. Oceans that are growing increasingly acidic are making it very difficult to cultivate high quality gemstones. Put simply, oyster/pearl farms aren’t producing what they used to, putting a premium on the good stuff.
One of the world’s most expensive pearls- The Pearl of Lao Tzu also known as the pearl of Allah.
3) Demand – The gemstone has never been more popular in the fashion world. Celebrities are using pearls to build new, edgier looks using different colors and shades: white, black, pink, peach, green, gold and peacock.
The recent rise of Artificial intelligence (AI) programs such as ChatGPT has created a frenzy around AI-related stocks.
C3.AI, a pure play AI stock, is up over 100% since late December.
But is this rally sustainable? After all, the public was already surrounded by AI without realizing it. Almost everything people use in daily life is affected by AI already:
advertising
entertainment streaming services
social media
cars (collision detection and blind spot monitoring)
fraud prevention
screening job applicants
email spam filters
many other applications
C3.AI is a company that creates software to help other companies deploy AI projects. C3 software is being used in multiple ways, including managing inventories, monitoring for energy inefficiencies, and predicting system failures. [Of particular note is one new product from C3 called ex machina which allows users to program AI initiatives without using any coding at all but instead via a series of visual programming tools. CP]
AI stocks, and technology stocks as a whole, were a neglected market in 2022. The Nasdaq 100, an index heavy in technology stock, fell more than 30% in 2022. C3.AI fell over 65% in 2022, and is currently down almost 90% from its 2020 high (even after the 100% rally in 2023). All currency quotes that follow are in USD.
C3.AI recently peaked at $30.92 on February 6. It then reached a low of $20.31 on March 1 before rallying back to $29.98. It has since fallen and is back near the $20.33 low.
This puts the stock at a crucial level.
An analyst from SafeTradeBinaryOptions.com had this input: “Right now, the stock is in an uptrend, albeit a precarious one. The price has been making higher swing lows and higher swing highs throughout 2023. But if the price drops much below $20, that will no longer be the case. The price will have made a lower high on March 6 (compared to February 6) and if the price drops below the March 2 low, that is a lower low. These are signs of a downtrend starting — not an uptrend.”
All facets of our modern world are already in the embrace of A.I. whether we know it or not.
This $20 region is important because if the area holds, this indicates the price is moving in a range, with the possibility of the price moving back up to the top of the range near $29. If that happens, there is still hope that the price will eventually break out of the range to upside, continuing its advance to $40, for example.
However, if the price drops below the $20 region, the range is broken and the uptrend is in jeopardy.
It’s important to watch C3.AI to see how investors are perceiving the future of AI, and what that may mean for the industry’s future.
As of March 2023, C3 doesn’t have a lot of direct competition. The company is not yet even profitable. How the stock moves is based on whether investors believe the company can eventually generate profits — and in this case, its profits largely depend on whether AI becomes even more widespread than it already is. For the Silo, Kat Fleischman.
Life insurance is commonly regarded as an investment that should be considered much later in life, when you are older. Young investors frequently favor high-risk, high-reward investments such as equities and commodities. Even the most conservative millennials prefer investments such as fixed deposits or debt mutual funds. Insurance is being replaced by investment options that promise greater monetary returns sooner.
However, the fact remains that investing in life insurance early has numerous benefits.
You’ll understand why investing in life insurance plans early in your career should be an important part of your retirement planning once you’ve learned the benefits. So, here are 3 of the many benefits of purchasing a life insurance policy at a young age.
You will pay lower premiums
Purchasing life insurance at a young age can save you money in the long run. The insurer frequently considers factors such as the applicant’s age and general health condition when determining the premium payable. People in their twenties and thirties are generally in better health.
As a result, premium charges are less expensive than those charged to older investors. Another reason why buying life insurance at a young age is less expensive is that your risk of dying is much lower. To take advantage of this provision, it is best to purchase life insurance early in life.
Your money has enough time to grow
When you purchase a life insurance policy at a young age, your money has more time to grow. As a result, investing in your twenties increases the death or maturity benefits payable at the end of the policy’s term.
For example, if you purchase a life insurance policy at the age of 25 and continue to pay premiums until you are 60, your money will have 35 years to accumulate into a retirement corpus. If you buy the same life insurance at 40, you only have 20 years to make your money grow. Investing early can thus increase your investment’s cash value in the long run.
The future of your family is secure
Most people, by the time they reach retirement age, will have amassed a sizable corpus to help keep their family financially secure. Most people’s children would have graduated from high school or have a job by the age of 50 or 60. When you’re younger and just starting out in your career, your family may be in a more vulnerable position.
In the unfortunate event that you die, your spouse and young children will struggle to cope without a financial safety net. Investing in a life insurance policy at a young age can provide your dependents with this benefit.
As you can see, investing in life insurance at a young age can be a really big deal if you want to save money in the long run. It will also protect you and your dependents no matter what if you had to die unexpectedly. If you need any advice, you should contact a professional that will help you choose the right life insurance according to your needs.
It’s safe to say Blockchain technology has disrupted the internet in quite a dramatic fashion.
Despite only being invented about fourteen years ago, cryptocurrency has formed a world of its own and it is now estimated the market will hit well above a $1 trillion USD valuation from four years ago…..
Allowing transactions, alongside other things such as documents and invoices, to be sent across a P2P network, the technology has been praised for its advanced security and anonymity benefits.
The latest infographic crafted by Bitfortune looks into how many ways Blockchain technology impacted the world and various business industries, such as charities and banking.
In the world of cybersecurity, Blockchain can help reduce or eliminate fraud and errors, along with being a more accurate and confidential platform for industry professionals.
For example, REMME is a secure platform that has eliminated the need for passwords and instead uses Blockchain as a form of authentication.
In supply chain management, Blockchain is being used to reduce the number of errors and exposure to potential threats.
The technology also helps reduce time and increase efficiency – a win-win all around, really. FedEx recently announced plans for an internal Blockchain pilot program that will help solve customer disputes while IBM and Maersk are also working together on a new company that will use Blockchain within global shipping supply chains.
Take a look at the infographic below to learn how Blockchain is disrupting other industries around the world for the better and why it’s time to start thinking about how you can incorporate the technology into your lives.
The European Union (EU) isn’t known for its intelligence, fairness, or competence to govern and it more than proved this when it changed financial regulations limiting the amount of leverage contract for differences (CFD) brokers could offer their clients.
A few years ago, there were no limits on forex trading leverage with some brokers offering up to 1,000 times leverage to clients who eagerly accepted these terms as the returns were often highly favorable. In August 2018, however, the EU imposed a 30X restriction on leverage to retail investors, damaging their ability to make great returns from forex trading and investing.
The regulations were implemented by the European Securities and Market Authority (ESMA). Any country that was within the EU at that time had to enforce them regardless of whether they thought they would make a positive or negative impact within their borders. It is how the EU works.
ESMA stated that the leverage restriction was to protect retail investors from overexposure to the market. It could be argued that there is some validity in this position, but a good counterargument is that leverage should be left in the hands of the individual to take responsibility for their decisions.
It also has to be said that as EU politics is dictated by lobbyists, you would have to be very naive not to rule out lobbying from big financial institutions to prompt the change in leverage limits. Larger brokers played the PR game and said they welcomed the decision but the market reaction was mixed.
So what do you do now if you are a retail investor and want to utilize forex trading leverage for higher returns and advantage when investing?
Become a Professional Trader
The solution is to become a professional trader as they have no limits on leverage. To become a professional trader is not an easy thing to do as you have to meet strict criteria. See below:
Experience – You have to have worked in the financial sector in a professional capacity for at least a year and can demonstrate expertise and knowledge of the forex markets including services and risks.
Portfolio – Your financial instrument portfolio exceeds €500,000 (at time of publication 1 euro = 1.3 CAD $) or equivalent in your local currency. Your portfolio can consist of your stock portfolio, cash savings, trading accounts, mutual funds, stock portfolio, stocks and shares ISA, and SIPP financial instruments. Non-tradable assets such as property, luxury cars, jewelry, and company pensions are not eligible.
Trading Experience – Over the last four quarters you can prove that you have carried out at least 10 large market transactions over each quarter. This can be related to any asset.
To achieve professional status, you need to demonstrate at least two of the above.
To become a professional trader you need to apply for a professional trading account from your broker. There are disadvantages with professional trading accounts as you may lose some forms of investor protection, but you’ll enjoy higher leverage from day 1. In some circumstances, you may even qualify for lower fees. As you are an experienced forex trader, you’ll know the fees eat into your investment returns.
Final Thoughts Forex Trading Investing
When the EU imposed regulations on forex trading and investing, many retail investors were impacted negatively. Retail investors were no longer treated like adults, and were treated as if they needed protection from themselves. Through opening a professional trading account, ESMA at least for now is treating you like an adult. So become a pro trader and trade as you want to. .
Which digital currency originated from the Doge meme and was originally introduced as a joke?
Is it the same currency that quickly developed into an online community and that was capitalized a few years ago at over $240 Million USD? Take this pop quiz challenge and find out.
Featured image via- darkwebnews.com
UPDATE- How Pi aims to democratize digital currency.
2021 was the year of the NFT. We saw amazing levels of interest in NFTs arise as people began to recognize their usefulness as digital assets. Thanks to the rush of development and interest from this year, we can expect interest and adoption levels in 2022 to easily meet or even eclipse those that we have seen in 2021.
2021 has really laid the groundwork for development in the Crypto industry as a whole and nowhere is this more apparent than with NFTs. Now that these digital assets have become recognized and appreciated as tangible assets; we can expect adoption rates to rise across the industry. Furthermore, developments across the industry will come into their own in 2022. Blocto, the digital wallet and Crypto provider, for instance, will continue to update its services including in the NFT field in the new year.
Mark Cuban. Image: Forbes
Mark Cuban, Dallas Mavericks owner and famous Shark Tank investor, sees the dual benefits of NFT development as well as the services that Blocto offers and has invested heavily in both Blocto and in the creation of NBA TopShots, which offers NFTs in the form of clips of NBA games that give person a literal piece of the game to own.
CEO of Blocto, Hsuan Lee, sees the coming year as potentially one of the most important years in history for Crypto, especially when it comes to NFTs. AS NFTs grow in 2022, it is clear that their impact on the financial industry and their value as digital assets will surge as well.
Moving into a retirement home marks a special occasion because it signifies the beginning of your golden years. While this means that you can finally relax and start enjoying all of life’s greatest pleasures to their fullest extent, it shouldn’t mean that you can disregard financial planning either.
Out of the Old and Into the New
When you decide to capitalize on your lifelong investment property and use that money towards enjoying your retirement, you’ll likely follow through with a long-awaited plan to downsize. The reason for this isn’t merely financial; it is because, as an empty-nester, you no longer require all of the space that you once did when raising a family. You are also likely no longer interested in performing all of the continual maintenance that your old home requires.
Moving into a Custom-Built Townhome
However, just because you have decided to downsize doesn’t mean that you should enjoy your new home any to less extent. If you’re looking for a new location in southern Ontario, you can work with a Fort Erie home builder to create the custom townhome of your dreams.
When you opt to partner with a company that builds custom homes, you’ll get access to more choices about how you’ll live during your retirement. Not only can you add extra rooms, but you’ll be able to decide on the look of aesthetic features like what type of flooring that your new home will contain in each room.
Building Your Next Investment
When you build a custom home, the choices you make about the final product where you’ll live can influence the value of your home. Extra rooms and fine-quality flooring options will increase the resale value of any property, as will opting for energy-efficient appliances.
The Potential for Appreciation
Given the growing popularity of the Niagara region, the most likely outcome regarding real estate will be a continued increase in value. If you’re interested in purchasing a home that will make a good investment property, then it will help to buy a custom option that allow you to gain more control over particulars and will be worth more than a previously owned property.
Embrace the Active Adult Lifestyle
While a newly-built custom home is sure to become a wise investment, that’s not all that retirement living is about. Buying a home in an active adult community will provide you with the opportunity to make social and active lifestyle choices that can contribute to better health and an increased lifespan. You’ll also be living near great beaches and easy access to nature.
Given that the road ahead in life is always unpredictable, there’s never a bad time in your life to think about financial planning. After all, you want to ensure that you’ll be covered in the case of emergencies and that you have something leftover to leave to your children and grandchildren. To get started on your nest investment home, get in touch with a company that builds custom homes in the Niagara region. For the Silo, Mila Urosevic.
A global online marketplace founded by a British car dealer has just broken the online-only world record for a car auction, selling a McLaren P1 for an incredible $1,600,888 usd or $2,010,851 cad .
No other online-only platform for collectible cars has ever achieved a higher sales price.
Unlike traditional auctions, where cars are transported to a central location and bidders attend in person, Collecting Cars has disrupted the industry with an online-only format that has already notched up multiple world records. Cars stay with their owners, and more than 90% of sales happen without a physical viewing. This is made possible by the technology and knowledge behind the platform, which gives bidders a ‘virtual viewing’ of the car in question; supported by more than 150 photos and comprehensive detail on its features and maintenance history.
Bids entered during the online-only auction are legally binding, and Collecting Cars levies a low buyer’s premium of just 5% (+ VAT for UK buyers), which is substantially lower than traditional auction houses that typically charge 12% or more. Furthermore, the buyer’s premium is capped at £5,000 / $5,000 (+ VAT if applicable). On hammer prices above £1m, this means that the buyer’s premium is 0.6% or less.
The world-record car in question was a McLaren P1, one of just 375 examples built, and with only 433 miles from new. Motortrend.com: “The twin-turbocharged hybrid V-8 engine develops 903 horsepower and will launch to 62 mph in under 3 seconds. It’s made of exotic materials like carbon fiber and titanium.”
An original US-market vehicle; it was collected from the McLaren factory in the UK by its first and only owner. The car had also covered less than 100 miles since its most recent maintenance, which also included full checks of all electrical and battery equipment, at a total cost of more than $7,000 usd.
The Founder and CEO of Collecting Cars, Edward Lovett, said: “For around 60 years, car auctions have traditionally charged substantial commissions and premiums, often taking more than 15% out of the total value of the deal. We knew there was a better approach, and we have developed a world-class online marketplace for sellers and buyers without the unnecessary overheads, which is breaking records.
“This result shows the game-changing power Collecting Cars now wields in the global market, with online-only auctions that are cost-free and hassle-free for the seller, and which represent outstanding value for the buyer. In this case, the buyer’s premium for the winning bidder was just 0.3%.”
The company, which has sold over 4,700 lots since launch, was founded by British car dealer Edward Lovett in 2019.
Lovett was born into the family car business, and in more recent years has provided a private brokerage service, finding homes for some of the most sought-after collector cars in the world. Drawing on his significant experience, he saw the opportunity to develop a dedicated online-only platform for iconic, collectible and sporting cars.
This P1 is a daily driver for renowned Tokyo Lawyer Hiramatsu.
As well as its very low premium for buyers, Collecting Cars offers significantly better value for sellers. The detailed photographic presentation and professional descriptions mean their car is showcased in the best possible way, and it is marketed to a huge captive audience of passionate enthusiasts. Furthermore, there is no listing fee, and they receive 100% of the hammer price.For the Silo, Jules Tipler.
About Collecting Cars:
Collecting Cars is an online auction platform that curates consignments from around the world and markets them to a global audience. The streamlined and transparent process makes buying and selling cars, motorbikes, and automobilia via its online auctions one of the most effective and hassle-free ways of transacting.
To date, the Collecting Cars platform has sold more than 4,700 lots, and total sales value generated for sellers exceeds £170 million or $2,864,53718 cad . It also has more than 50,000 registered users around the world. The multi-national auction company has headquarters in London, and offices in Munich, Sydney, and Los Angeles.
More than 90% of sales since launch have happened without a physical viewing, underscoring the significant trust that Collecting Cars has earned among its customers.
CryptoTale has launched first of a kind non-fungible token (NFT) collection display which uses WebGL technology to allow a game-like 3D world experience to browse the artworks.
The collection initially launched with six custom NFTs including Rat Poison, Your Funds are SAFU, To The Moon, Bitcoin Pizza, Bitconeeeect, and Mt Gox. Each NFT is currently being auctioned and interested participants can bid from as low as 0.01 WETH.
The 3D artworks are reflecting events in cryptocurrency history like the infamous comments by billionaire investor Warren Buffet terming Bitcoin and cryptocurrencies as rat poison. The ten thousand Bitcoin pizza etc.
Overall, the auctioned NFTs are offering their potential collectors a piece of cryptocurrency history in a scarce virtual space. Since there are plans to convert game-like world’s land itself into NFTs. Essentially allowing other artists to potentially place their artwork on the same ground.
To bid for the artworks, interested parties can access the collectibles through OpenSea, the world’s largest NFT marketplace.
With the NFT market growing rapidly globally, CryptoTale plans to add more artworks in the future through collaboration with artists from different disciplines. The author behind the auctioned NFTs remains anonymous.
In recent months, NFTs have grown in popularity, with creators relying on the transformative role in ownership, commerce, and how creators connect directly with buyers, fans, and collectors.
Many people are currently looking at Montreal condos for sale, as the present boom in the property market makes it an ideal investment. As these developments continue, Montreal is also becoming more and more attractive to employees, tourists, homeowners, and investors alike.
Planning to buy a condo and make money from it? Check out these tips:
Assess your surroundings.
First, check your location and what that means for your rental property. Are you near offices? Are you in a family-friendly suburb? Are there other rental properties nearby? How much are they renting it out for? Check out the city government website for said information which can help you better estimate the possible return.
Pick a target market.
Who are you renting out your condo to? This will dictate where you’ll advertise it and how much you’ll rent it out for. Try to pick a target market that’s not particularly saturated, especially considering the area where your condo is located.
Force appreciation of your condo’s value.
Before you rent it out, you can actually force appreciation on its value by negotiating lower maintenance rates. If you can increase the efficiency of utilities like water and electricity, this will lower operating costs and increase value – making it more desirable to possible tenants.
Prepare your condo for renting out.
You have to remember that you’ll also have competition, as you’re not the only rental property available. Depending on who you’re targeting, you should make it appealing and furnish it appropriately. By doing so, you’re making it the preferred choice of consumers.
Put it out in the market.
Even if your condo is ready for renting out, that doesn’t mean you’ll automatically have tenants. You’ll need to advertise that the property available, and using the right channels is also key.
Make all agreements clear.
Be very clear about your rental agreements. Is it a month-to-month contract or are you looking at something more long-term, like an annual lease? Who pays for the utilities? Who pays for the condo fees? Make sure the agreement between you and tenants is very clear to avoid future conflict.
Rent out unused garage space.
Most condos come with a garage space, and you don’t necessarily have to include this in your rental package especially if your condo is in the city and your tenants don’t have a car anyway. You can always rent out the garage space as a lot of people are simply looking for a dependable parking space where they can park when going to work. .
Rent out unused street parking space.
If your condo comes with street parking space, you can also rent this out separately to other tenants in the building.
Consider other schemes.
Open your mind to other schemes for rental, like a weekday-only rental or short-term contracts. This is more likely to happen if your condo is located in a dense area like downtown Montreal, where you have office workers and tourists as well.
Rent it out as office space.
If your condo is the studio type, you don’t have to make it residential. You can also rent it out as office space for professionals.
