September 2020


Undoubtedly, the future prospect of a finTech company trading on cryptocurrency is profitable in the current economic scenario. Jacob Coulsen, the COO of Prance Gold Holdings, who joined the company with an experience of more than 10 years, is determined to contribute a safe and dynamic platform to the end investors in the company’s trading. The Company is lead by experts in various fin-tech aspects and has a vision to encourage the investors on profitable trading.

The cryptocurrency market structure

The most volatile market of cryptocurrency cannot be predicted until and unless it follows some automated algorithm. The Prance Gold Holdings has come up with such a technological stance that hikes up the probability to identify the trading pairs among thousands of it. Technically, this pair stands for few seconds within which the investors can pull out the maximized profit. The safe triangular arbitrage strategy calculates the profit even before the execution is done and thus how Prance Gold Algorithm bridges the success story for the investors.

Ultra short span for investment planning

How risk free trading can takes place, the Prance Gold Algorithm is the best method to answer it. According to the company the investment is ultra-short, ranging from 7 hours to 180 days, during which the non-working cryptocurrency are placed into high performing trading platform. Prance Gold Holdings releasing the commodities by January at 12.5% interest will add value to the volatility and return. In a simple process you can register yourself through the link to get introduced with the company. Also, profile link and plan are given for further information about the offerings. 

Systematic approach of the algorithm

Even though there is unprecedented disruption in the market behavior, the arbitrage allows uninterrupted trading.  Prance Gold Algorithm is so technically advanced and glitch free that it does not follow the traditional market trend; rather it creates a new series to mark up with the biggest exchanges across the world. 

The process is simple; it’s just like buying stock or securities during the trading at lower price and selling it off, before the market price alters. The major work in the entire process is to identify or analysis when or where the changes might take place. The Algorithm here works on that very specific thing that changes every second in order to find out the best trend.

Prance Gold Holdings ensures the traders or investors are on a better platform to operate the trading process and earn out the profit more frequently. According to the CEO of the company, Andre Gerald, the mass market holding the cryptocurrencies can maximize the return, once a good entry point is achieved. 

Risk free trading for cryptocurrency holders 

The price abruptly changes within seconds and constant monitoring is the best practice. The Algorithm does it on for the investors across various markets or major exchanges. The platform allows live updates of the changes and does a well strategically implemented data analysis for the cryptocurrency traders. Once the manual interference is removed from the entire process, the trading becomes risk-free and assures success!  Prance Gold Holdings is devoted to work on that very aspect, i.e. allowing the investors to get the utmost trust for their investment. So, going online with hands on support from prestigious finTech organization can be proven a successful method to engrave your name in this field. Register today yourself as an investor with the link


Owning a business is a great feeling. You own something that you developed. You found it. You kept working hard for it for years. And, now you are a proud owner.

Taking care of a business is like taking care of a baby. You have to work hard constantly day and night to help it grow. A business cannot grow without the consistent efforts of its owners for years.

Time to say goodbye to your business

You cannot always stay young and take care of your business. Once you grow old you cannot keep working hard like you used to do when you were young.

Finally, the moment arrives when you have to bid farewell to your business.

What options are available for your business after you retire?

There are not many options for small businesses once their owners retire. You can either:

  • Transfer it to your family member or your legal heir.
  • Or, you can sell it.

Which option you pick depends on your situation. For instance, a person who does not have a kid or a close family member would prefer to sell the business. It helps the person to live a comfortable life in the after years.

Is selling your business easy?

Finding buyers for a well-established business is not that hard. You may even find the ones who are willing to pay the quoted price. Some may even go a bit higher to allure you. However, finding a buyer and selling your business is not the hard part.

The hard part is to take care of the taxes and calculating the actual value of it. What if you sell your business at a very high price? What if you sell it to a reasonable price but taxes took away most of your earnings? What are the possible options for you in this scenario?

Hire a business broker or use services of a business-selling platform

If you want to evaluate the actual value of your business, you must hire a business broker. However, you will face the similar situation as paying taxes here. A business broker might help you save money on taxes but then you will be paying brokerage.

Another option is to use online business selling platforms like ExitAdviser.

Benefits of using the online business selling platform

An online business selling platform will help you find the correct value of your company. They will ask you to input several information like your last year’s profit, number of sales each month, etc. Based on these statistics, they will provide you a valuation report.

Another major advantage of using these online business platforms is that most of them do not charge any brokerage fee. You are not going to pay brokerage on an online platform. It will help you save a lot of money.

Using an online business selling platform will also help you find your buyers from all over the state. In case of an online business, you can find buyers from all over the world.

There will be tons of options and you can pick the one that suits you best.

Cybercriminals or hackers can go to deep lengths to steal your data. Most of the transactions today happen over the Internet at the websites. Internet transactions, online shopping, and purchases are making the world more connected virtually pose a significant threat as we expose our data to cybercriminals or hackers. But do you know what they do with these credit credentials? Data theft is mostly financially driven. The credit card leaked data gets sold over the dark web to the highest bidder, or a loan gets transact under your name. But how do they manage to get these credentials after deep security? Let us look at the ways the hackers try to gain access to your data. 

  • Malware: 

Various types of Malware software that can get used to steal your personal information, which includes keyloggers, info stealers, banking malware, and more. This software maliciously gets installed in the background in the system. The virus, trojans, or spyware steal the credential data or modify the core functionalities and privately track the victim’s activity. There are also mobile applications that are malicious and can steal data from your mobile. The malicious application can get installed to get account access, device information, Microphone access, screen recording, contact lists, and many others. But how can you take preventive measures to stay safe from these? Always check the genuine application and read the terms and conditions carefully. Do not give any unnecessary permissions that are not required, Check for reviews and the count of downloads, never download applications from third-party apps or pirated versions. 

  • Phishing Attack: 

Phishing is a fake email or calls to misguide the victim. Hackers create phishing emails by the message stating issues related to bank account credit card leaked details getting leaked, and mostly these emails are such that it appears to be from the genuine source or known organization. These emails will force the victim to take immediate action by clicking the links to activate or deactivate your ATM card or Personal Identification. 

  • Unsecured Connections: 

Connecting your device over the foreign or Public network makes your device potential to get into the hacker’s notice. These networks can create a roadmap for a hacker to get access to all the data in your mobile and monitor your activity online. Free Wi-Fi is threatening, especially when you carry out any online transaction or browse private conversations. To be safe, never get connected to these networks that you can’t trust and use strong encryption for your home router such as WAP2 instead of open WEP. Read more to find out more about Singapore’s Credit Bureau Report online.

In this guide we have collected all the concepts you need to know before getting closer to the world of forex trading. These are technical but basic definitions, which you will need to know if you want to invest correctly in the currency market.

Take your time to delve into them, perhaps by taking a forex trading course or learning in the field by practicing with a forex demo account.


Forex margin and leverage

Leverage is a money lending mechanism that amplifies the investor’s trading capital.

The return on capital will be increased by the leverage effect guaranteed by the brokerage companies, while the maximum loss is the invested capital.

Margin is a deposit that the investor (trader) must keep in his account in order to continue operating on the market. It is a guarantee for the broker against potential losses.

Guarantee Margin: Allows traders to take leverage positions with a fraction of the capital needed to fund transactions. In stock markets, the allowed margin is usually 50%, which means that the buyer has double his real purchasing power.

In the Forex market, leverage usually varies between 1% and 2%, depending on the brokers and the risks they are willing to take.

What short and long mean

Going long will mean buying the first currency of the pair and selling the second at the same time, going short will mean selling the first currency and buying the second of the pair.

The concept is quite simple, a little less understanding in reality how to behave. Let’s take a practical example just to clarify.

In the event that market analyzes predict a future strengthening of the Euro, the most logical action will be to buy Euros, right? In that case we will go long waiting for the future strengthening of the currency.

If, on the other hand, the analyzes speak of a probable strengthening of the US dollar, it will be obvious to sell Euros and buy dollars. We will therefore go short on the EUR / USD pair taken as an example.

Once this is understood, it will be easier to enter this market, basically long and short are the two actions that will allow the investor to speculate and therefore earn on the purchase and sale of currencies.

Spread: meaning

Also in this case the concept will seem difficult, but only at the beginning. To put it simply:

The spread is the difference between the buy and sell price of a given pair.

In fact, by opening a position you will notice that it will not be in a breakeven position, as you would expect, but in reality it will be a few pips below the purchase price.

So if we had the opportunity to immediately close the position in question we would find ourselves with a small loss. It is precisely the spread.

All this will be even clearer by observing the bid values, the buy and ask cost, the selling price of a given currency. These will never be identical.

What is the Pip?

Let’s immediately clarify what we are talking about when we refer to the Pip already mentioned: it is that very slight possible variation present in the exchange rate of two currencies in pairs.

The Pip is the smallest swing that moving prices can make. To operate well on the forex market, you need to be able to calculate your losses and gains following an investment.

Also in this the Foreign Exchange system is very simple: it depends on the open position and the number of lost or gained pips.

Stop loss and Take Profit

Finally we close the discussion with the stop loss and take profit, two tools that it is good to learn to handle with dexterity. These will save your assets when you decide to invest in particularly volatile markets or when you cannot stand in front of your forex trader station.

With the stop loss it is possible to set a loss margin at which the position will be closed directly from the platform. Set this level and remember not to change it, it could be your luck.

The take profit is different, although conceptually very similar to the stop loss. The tool will set a profit margin at which the operation will be closed. This will allow the investor to collect what he had set and to focus on other positions.

By paying higher loan EMIs, a person can reduce the loan tenure and repay the loan faster. In this article, we will explain the benefits of paying higher EMIs.

In India, many financial institutions provide home loans at a competitive interest rate. Applying for a loan is the most feasible way to get funds for buying the house, and most people get a loan up to 80% of the property’s value. If you are a first-time loan applicant, you must know that the loan’s EMI is directly proportional to the amount you borrow; the higher the amount, the higher the EMI, and vice-versa. 

While you can apply for a higher loan and pay a higher EMI throughout the term, or you can increase the tenure to lower the EMI and make repayment more affordable. Typically, the lenders in India offer home loans for a maximum duration of 30 years. But, longer tenure means you must bear the repayment burden for a longer period. 

During the initial years, while you may pay the minimum EMIs, as you grow in your career and your income increases, you can consider paying higher EMIs. This will not only help you reduce your interest payment but also help you repay the loan faster. 

Benefits of Repaying Higher Home Loan EMIs

  • Helps in Reducing Interest Expenses

This is one of the most important benefits of repaying higher EMIs. If you repay the loan over a longer tenure, then you must pay interest during that term. However, by increasing the EMI, you can lower the loan tenure. Therefore, the interest payable will also reduce. So, as your income increases, you can increase the EMI payment proportionately to repay the loan faster. 

You can use a housing loan EMI calculator to calculate how increasing the EMI can help you lower your loan term. 

  • Tax Benefits

Home loan repayments also provide tax benefits. The tax benefits are available under Section 24, Section 80EEA, and Section 80C. The benefit can be availed on repayment of the interest and principal.

On the principal’s repayment, a home loan borrower can avail a tax benefit up to Rs. 1.5 Lakh under Section 80C. Furthermore, on the interest payment, a person can get a tax benefit up to Rs. Two Lakhs under Section 24. By paying higher EMIs, you can maximise the tax benefits and reduce your tax liability in a financial year. 

  • Helps in Quick Repayment of the Loan

Most borrowers repay the loan in longer tenure. However, as you continue to repay the loan over a long duration, you may not have enough savings, and you may have to compromise on your other financial goals like retirement planning. 

Therefore, it is recommended to pay higher EMIs to save on interest and lower the loan tenure. While you may feel paying higher EMIs is taking away your liquid cash, it would help you save a significant amount in the long run. Not to mention, the faster you repay the loan, the sooner you become debt-free, and you get complete ownership of the property. 

  • Helps in Improving Credit Score

When a person repays the loan regularly, his/her credit score improves. Furthermore, if the person repays the loan before the tenure, the credit score improves even more. Also, by repaying the loan before the tenure, a loan borrower will easily get loans in the future.

How to Quickly Repay the Loan

  • Make Partial Payments

If a home loan borrower has sufficient funds, then he/she should consider partial payment of the loan. With the help of partial payments, a person can lower his/her outstanding principal amount. 

  • Balance Transfer

If a borrower finds that their lender is charging a higher interest than the prevailing market rate, they can transfer the loan to a different lender at a lower interest rate. 

When you transfer the loan, the outstanding amount is moved to the new lender, and you repay the remaining amount at a revised (lower) interest rate. Thus, you can repay the loan faster as the EMI becomes affordable, and you can repay higher EMIs. 

Over the past years, African equity exchange-traded has risen considerably, and being a resource-rich continent increases the middle-class demographic. Africa is becoming one of the largest emerging economies, and it’s being predicted to become the largest market in the world. In recent years Africa indeed did face hits economically as well as politically. And if you wish to know more about this country, then you should check out some of the best African documentaries that explains everything you never thought of Africa. But the prediction of the growth has not been proved to be false due to these factors. And in this article, we will discuss some of the positive indicators that prove that you must invest in Africa.

  • Young And Growing Population:

With a population of more than 1 billion and is expected to get doubled up by mid-century. While most of the countries are getting aged and have less potential in the market, on the other hand, Africa is young and has many opportunities left to explore. And according to the expert’s study in investment markets, the global workforce may be shrinking in the future, but in the case of Africa, it is expected to grow and will surpass India and China. Moreover, Africans also have consumers who want all the latest updated tech-gadgets.

  • Customers Are Changing:

With the growing economy of Africa, there has been a significant development, and expectations have increased. Education and urban professionals are more aware of the current brands and have become quite selective when it comes to consumption. You can look at best African documentaries such as The Square to know more about how people have the power to change everything.

  • The Economy Is Getting Strengthened And Diversified:

In recent years, there has been a considerable growth downfall in exports of oil, but the rest of the product is still growing. Countries are not solely dependent on the oil resources for their economic growth. Typically, smaller economies are progressing towards economic reform and giving competitiveness to others in the market. African countries are driving to diversify beyond commodities.

  • Money To Spend And Love For The Major Brands:

African consumers are increasing rapidly and spending trillions of amounts in a year for branded consumption.

  • Digital Transformation:

Africa is one of the leading countries to adopt mobile, which offers the biggest cross-sectoral economic opportunities. Most of the companies are using mobile networking and digital technology to maintain their supply chain. Consumers have moved towards digital payment rather than using cash at hand.

Is your credit rating poorer than you expect? Are licensed moneylender Singapore firms reluctant to extend you offers on favourable terms? If so, it may be due to bad monetary planning on your part. When individuals have poor monetary management habits, your credit rating tends to take a hit as they are less proven to be able to manage their finances. Consequently, there is a real risk of you forfeiting on any loan that is given to you.

What is monetary planning

Monetary planning is a need for every person. It is essentially holding aside a quantity of cash for a specific objective or purpose. One of the most basic kind of monetary planning is to accumulate up your cash in a piggy bank. What we would normally do is to open up a bank interest-bearing account.

Other ways of financial planning are to commit to a retirement, universal basic income, education fund, acquire insurance (life, medical, building, automobile, company), purchasing real estate, stocks, unit trust or gold, begin a business and also to get a house or automobile.

The objective of monetary planning is to make certain that not only do you save up adequate cash to accomplish your objective yet also it is to make certain that you have adequate money left for your daily requirements such as working out expenses and purchasing groceries. We have compiled the leading 5 reasons you require to have a monetary strategy.

Know your priority

Once you have a clearer idea of your monetary tasks you need to start making out a checklist of points to focus on. Make sure that your energy bills (electricity, water, rent), groceries and other financial obligations (insurance coverage, debit card, earnings tax obligation) have been settled.

Next, you should decide how much of your earnings to accumuldate up on a regular monthly basis. In general, it is much better to accumulate up as much of your revenue as feasible. When it concerns shopping and making buys for recreation objectives, try your best to purchase within your limits and only if it is truly required.

Financial investment

It might be time to start believing regarding financial investments when you have grasped the art of managing your money. Since you have saved up some money the following step you might want to think about is exactly how to utilize your savings to produce revenue.

Fixed Deposits

One such investment that is fairly low risk is a fixed deposit. Just make certain you have researched which bank provides the best rate of interest on return and also the duration of the tenure.


Purchasing realty is also a great way to make your cash grow. Be it a house or apartment that you can lease out of develop into an Airbnb or a business shophouse that you can rent to organisations.

Fintech or economic technology is a business on the rise.  Although the economic facility space was once conquered by a traditional banking organization, there has been a rise in a smaller company using knowledge to create place solutions in cyber-security, online payments, market communications, and more.

In the recent years have appeared as a center of excellence for EasyFind Fintech Singapore startups. We have a fashioned guide as an introduction to the ecology, which we expect will be an expensive guide to those looking to find a lay of the land.

New career chance for Singapore’s fintech sector

Singapore fintech compact is still on the follow for ability as more customers switch to using the online financial facility and the management steps up its help for the segment. Some fintech, mainly early-stage businesses, are logically facing funding confront in the current situation. Others, but, are in search of new market chance and are make jobs for the finance-sector contestant who want to move out of usual banks and into stimulating and new fintech roles.

Some fintech, as well as a digital depository, can potentially get the benefit of the increasing digitalization drive take about by changing customer demand throughout Covid-19. Quick fintechs may be able to put new things to the marketplace more proficiently than great firms that are disadvantaged by legacy knowledge.

How to get a personal loan in Singapore?

Our services support you successfully control your finances. You can be secure that we will present the greatest package at the lowly interest rates likely to meet your economic needs. Whether you desire to get a new car, seek to recompense for your daydream marriage, or take charge of your teenager college fixed cost, fast cash can help. Whatever your economic quandary, we are prepared to meet your wants in a fast, efficient way. With us, there is no require to pressure about too much interest rates, as we present some of the less in Singapore.

Applying for a personal loan Singapore is simple with us. We propose our facility to Singaporeans and the foreign person with official passports. We offer finance at some of the fewer interest rates in the area and are self-important to provide our customers with a flexible refund period. Instead of making difficult demands like other finance providers, we will build planning to provide you with a stretchy repayment period to meet your economic requirements.

Affluent individuals living in the United States often use a U.S. revocable living trust (RLT)for estate-planning purposes. Such a trust provides confidentiality and flexibility in how assets are managed, as it eliminates the specter of probate.

A revocable living trust is transparent for U.S. income, gift and estate-tax purposes. The individual who transfers (settles) property to the trust is also its trustee and beneficiary. The trust is considered a U.S. grantor trust, which is ignored for U.S. income tax purposes. All income, losses and expenses are claimed on the individual’s personal U.S. tax return.

Moving to Canada: Canadian tax issues and administrative burdens

For individuals moving to Canada (both Canadian and U.S. citizens), continuing to hold a U.S. RLT will present tax and administrative challenges. Under Canadian tax laws, once the trustee(s) become residents of Canada, the trust will be considered a separate taxable entity and will be treated as a Canadian resident trust. This will then require the trustee(s) to not only file a Canadian Trust return but also to pick up all of the income earned by the trust on their personal Canadian and U.S.  tax returns.

Although foreign tax credits can be used to reduce and/or eliminate double-taxation issues, continuing to hold the U.S. RLT complicates tax filings. Further, the trust would have both a Canadian and U.S. cost basis that would have to be tracked and reported. The Canadian basis would be equal to the value of the assets within the trust on the day the trustee(s) moved to Canada. The U.S. cost basis would be equal to the original value of the assets at the time they were acquired.

In some cases, an exception exists under Canadian tax law that allows the taxpayer to deem all the income and capital gains/losses associated with the trust property as taxable to the taxpayer as an individual, effectively making the trust disregarded for both U.S. and Canadian tax purposes. Under this exception, there would be no double taxation on income earned by the trust during the taxpayer’s lifetime.

Double Taxation at Death

Double taxation issues become a greater concern if the trustee happens to die as a Canadian resident after the trust had been in existence for 21 years. Under this scenario, the trust would form part of the trustee’s estate and, depending on the size of the estate, U.S. estate tax could be payable. In Canada, the trust would also be taxed once the assets were soldon or after the 21st year anniversary of the trust. There would be no foreign tax credits available to offset these two taxes, which could result in double taxation.

Subject to Canadian departure tax

Meanwhile, U.S. citizens temporarily living and working in Canadacould be subjected to departure tax on their trust when they return to the United States. U.S. citizens are afforded a five-year period (See article: “Americans Exiting Canada: Understanding the Five-Year Deemed Disposition Rule”) living in Canada in which they are not subjected to Canadian departure tax upon a return to the United States. As stated earlier, because the trust is considered a separate legal entity from a Canadian tax perspective, it would not be granted the same five-year exemption from exit tax because itis not a personally owned asset.

Financial institutions unable to hold or administer trust

An additional complication, unrelated to the tax issues outlined above, is the fact that most U.S.-based financial institutions will not hold a U.S. RLT once the trustee becomes a resident of Canada.

Most U.S.-based financial institutions are not registered and licensed to oversee a taxable (or trust) investment account on behalf of a Canadian resident, even if that individual is a U.S. citizen.Many individuals try to get around this regulation by registering the U.S. RLT to a family or friend’s U.S. address. Not only is it illegal to misrepresent your residency, but it could also create tax issues because the IRS and state will continue to receive tax slips showing you live at a U.S.-based address.

Although it is a great estate-planning tool for those residing in the United States, a RLT presents many tax and administrative challenges once you move to Canada. For those individuals intending to live in Canada for the foreseeable future, it would likely bewise to unwind the trust structure before or soon after arriving in Canada. This would prevent any adverse Canadian income-tax consequences.At Cardinal Point, we assist individuals and families moving from the United States to Canada with their financial, tax and estate-planning needs. If you are moving to Canada and own a U.S. RLT, we can advise you on whether it is in your best interest to keep the entity intact or close it down.

Payday loan companies offer short-term loans at extortionately high interest rates for those seeking a quick fix for financial difficulty or desperately in need of money for some reason or another. The practice has understandably come under much controversy and criticism however, due to the unaffordable nature of the extremely high interest rates exercised. With the reputation of payday loans somewhat damaged, this article will explore whether the controversy – although understandable – is justifiable.

The Criticisms

Payday loan companies are known to offer interest rates of up to 2000%. This is in itself the main reason behind the scrutiny faced by payday loan companies, with the firms involved accused of fixing unaffordable interest rates upon desperate borrowers. The reality behind this needs to be told.

In 2010 the Archbishop of Canterbury called for payday loan company practices to be put under urgent review, in regards to the rates charged by doorstep lenders. Rowan also praised the work of Debt on our Doorstep, another group lobbying for action against payday loans.

Anger over internet short-term lenders has been somewhat prevalent over the past couple years in fact. Recently, Red and Black – the ITV show presented by Ant and Dec – faced a wave of criticism for being sponsored by payday loan firm Wonga. Under scrutiny for misleading and aggressive debt collection methods, Wonga were also the object of a protest campaign to prevent their services from being advertised by the English Football League. As a result of this campaign, Premier League and Football League clubs announced that they would no longer continue advertising for Wonga on their websites.

Of course, people should find a financial adviser if they don’t believe they are in a position to make important financial decisions on their own. The issue with this idea is that those who need financial advice the most simply cannot afford it. Financial advice is usually not available for less than £500. This keeps this invaluable service out of reach of most people who would normally be turning to PayDay loans to make ends meet.

The Opposing View

The criticisms against payday loan companies refuse to accept a simple reality behind the matter however: that those choosing to borrow off payday loan companies, do so at their own whim and do so – or at least ought to do so – in full awareness of the nature of their loan.

It is our responsibility to know the risks of payday loans, and indeed this enlightenment is made easier through payday loan companies being obliged to boldly advertise the interest rates on offer.

Most payday loan borrowers are aware of the risks involved with payday loans and one must therefore ask why they would then choose to go down such a route. The answer is simple.

Desperate times call for desperate measures, and people who choose to borrow off payday loan firms do so out of desperation. Indeed the only other alternative for many of these people is to suffer due to their debt or borrow off a loan shark. While borrowing off payday loan firms may not be ideal, when put alongside extreme financial difficulty or loan sharks, I know which route I’d rather go down!

Speaking of loan sharks, the differences between these and payday firms must be emphasised, as the two have wrongly been put in the same basket by a number of critics.

Loan sharks operate outside of legal confinements and use horrid techniques such as the threat of physical or sexual violence to ensure repayment. Payday firms are nothing like loan sharks, and if anything they reduce the prevalence of loan sharks through giving people a legal and safer alternative.

The controversy and criticism surrounding payday loan companies is understandable.