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February 2022

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Most people think that healthcare agents and healthcare brokers are the same, but they are not! It is paramount to understand their different roles to get a better idea. Insurance agents work in the interest of the company with the ultimate motive of generating revenue for the company. They also know the policies of only one organization, i.e. the one who they represent, whereas healthcare brokers work only in the interest of the customer as they are not bound to just one company, have a vast knowledge of all insurance policies, and are more accountable with high negotiation skills. If any customer wants to speed up the process, healthcare brokers can help well.

What exactly is the work of a healthcare broker?

Brokers are licensed professionals who sell insurance policies to potential customers and businesses. They are the ones who help you find the best and right plan for you or the employees of your company, of course, within your budget. The vast knowledge of brokers helps you choose the right one among the various insurance policies available. It helps you save both cost and time efficiently. The brokers are independent and understand your situation by asking you several questions related to your needs, such as questions on budget, medications you are already on, any insurance plan you already have, your medical history, etc. They will provide you with information on all the plans that fit well with your conditions. Before selecting a plan, do understand the positives and negatives, the pricing patterns of each plan, and which plans are ACA (affordable care act) or non-ACA marketplace plans.

The Advantages Of Having A Healthcare Broker:

Some of the benefits are:-

  • Helps In Saving Your Time: 

The entire process of purchasing an insurance policy is typical as you need to invest a lot of time in finding the best insurance company, but with healthcare brokersthe work is done in just a few days as they are skilled and well versed in their work.

  • They Are Unbiased And Work In Your Interest: 

The broker gives you a clear-cut picture of all the risks associated with different policies, which helps you make informed decisions. This minimizes your risk too and builds trust.

  • Acts as A Mediator for the Claim Settlement Process: 

The broker is not just confined to helping you get the best deal; he/she is your savior too when it comes to claiming settlement. We are all aware of the sweat and energy we need to put in for claim settlement, but that rush is done by the brokers, effectively saving us.

  • Provides Every Detail With Attention: 

They provide information on every policy that suits you and covers all your medical needs within a short period.

Conclusion

In your health insurance plan, the healthcare brokers do not keep anything coveted. They provide you with accessible information without the use of technical jargon, which helps you understand things better. For more information, you must visit any reliable websites on the internet.

You must have encountered the terms Partnership & Limited Partnership in business and its structure. Let’s understand the difference between Partnership & Limited Partnership:

  • A partnership (also referred to as a general partnership) is a business agreement where two or extra people (who are not wife and husband) are holders of a business. Unlike a company, you do not require to document any papers with the government to make your career a partnership. A partnership is established by default, unless the business is precisely constructed as some other kind of business commodities, such as a firm, a limited liability corporation, or a limited partnership.
  • A common partnership is one in which all of the members can busy manage or regulate the business. This implies that every holder has permission to give rise to judgments about how the business is operating as well as the permission to make lawfully binding rulings. Unless the members have a partnership treaty, each member will have comparable power.
  • Partners in a common partnership don’t have any maximum on their obligation for the deficits of the business. This means that the member could forfeit extra than just his investment in the business – personal possessions would have to be utilized to reimburse business deficits if crucial. Each partner in a common partnership is furthermore “together and severable” liable for the deficits of the business. Joint and severable liability implies is that each member is equally liable for the deficits of the business, but each is moreover completely liable. So if a creditor can’t obtain what he is owed by one or more of the partners, he can receive it from another member, even if that partner has already given his share of the total deficit. If someone prosecutes your partnership and attains a huge judgment, and your partner doesn’t have the wealth to spend his share of it, you will have to spend the whole proportion.
  • A limited partnership is unusual from a general partnership in that it needs a partnership agreement. Some evidence about the business and the partners must be documented with a reasonable government agency (usually the secretary of state).
  • Also, a limited partnership has both limited and common partners. A limited partner does not have entire duty for the deficits of the partnership. The most a limited partner can miss is his investment in the business. The exchange off for this limited liability is an absence of supervision control: A limited partner does not have permission to operate the business. He is certainly a further or small investor in the business.
  • A limited partnership must have at minor one general supporter. The general supporter or supporters are accountable for operating the business. They have supervision over the day-to-day management of the business and have the permission to make legally binding business decisions. The partnership agreement will stipulate precisely which partner or partners have specific obligations and which have distinct sovereignty. General partners are furthermore accountable to endless personal liability for the deficits of the business. The common partners of a limited partnership are moreover together and severally liable for the deficits of the business, almost like members in a general partnership.

Appoint Timcole as the corporate secretarial services of your company and reap the perks of smart tech-driven services.

Index funds are popular among investors who prefer passive investing. However, there are also many reasons why many other investors avoid index funds.

Lack of Downside Guard

The stock market has proven to be a great investment in the longer run, but over the years it has had its fair share of turbulence and disadvantages.  Investing in an index fund such as one that tracks the S&P 500 will give you the upside when the market is doing well.

On the other hand, it also leaves you completely vulnerable to the downside. You can choose to hedge your exposure to the index by shorting the index, or buying a put against the index, but because these move in the exact opposite direction of each other, using them together could defeat the purpose of investing.

Lack of Reaction

Sometimes apparent mispricing can take place in the market. If there’s one company in the internet sector that has a unique benefit and all other internet company stock prices move up in sympathy, they may become overvalued as a group.

The opposite can also occur. One company may have disastrous results that are unique to that company, but it may take down the stock prices of all companies in its sector. That sector may be a compelling value, but in broader market value weighted index, exposure to that sector will actually be diminished instead of increased.

No Control over Holdings

Indexes are set portfolios. If one investor buys an index fund, he or she has no control over the individual holdings in the portfolio. You may have specific companies that you like and want to own such as a favorite bank or food company that you have researched and want to buy.

In a similar manner, you may have experienced that lead you to believe that one company is better than another. At the same time, you have negative feelings toward other companies for moral or other reasons.

Your portfolio can be augmented by adding specific stocks you like but the components of an index portion are out of your hands.

Limited Exposure to Different Strategies

There are countless strategies that investors have used with success. Unfortunately, purchasing an index of the market may not give you access to a lot of these good ideas and strategies.

Investing strategies can, at times, be combined to provide investors with better risk-adjusted returns. Index investing will give you diversification, but that can also be achieved with as few as 30 stocks, rather than 500 stocks that the S&P 500 index would track.

Inadequate Personal Satisfaction

Lastly, investing can be worrying and stressful, particularly during times of market turmoil. Choosing specific stocks may leave you constantly checking quotes and can keep you awake at night. However, these situations will not be averted by investing in an index.

You can still find yourself always checking on how the market is going and being worried ill about the current or prevailing economic landscape.

On top of all of these, you will generally lose the satisfaction of making good investments and being successful with your money.

If you’ve paid any attention to the stock market over the last two years, then you probably know that things have changed.

Apps like Stash and Robinhood have brought millions of new people to investing that would have never been able to put their money in stocks without the new technology and lack of commission for making trades.

Cryptocurrencies have soared in popularity to the point that they represent a viable — if controversial — alternative to the stock market.

And industries that were virtually unknown or still in their infancy just a few years ago, like streaming services, virtual reality, and FinTech, have now become global forces receiving billions of dollars in investment.

As we look to 2022, the investing landscape is more complex than ever before, yet it’s simultaneously a year that could prove more advantageous to smart investors than any other in recent memory.

Or as Barron’s put it: “As these phenomena follow us into the new year, so too will an investment sector that has experienced continued innovation as new, and newly accessible, tech platforms and products transform the financial services landscape and contribute to positive change in how we invest—as well as who is investing.”

Here are some of the investing trends for 2022 that you need to know.

Metaverse

Facebook’s name and brand change to the Metaverse prompted millions of people to hop on Google and find out what that word actually means.

The idea of a fully-integrated virtual world has long been the stuff of science-fiction, like Stephen Spielberg’s adaptation of “Ready Player One” just a few years ago. While many video gamers have understood the concept for years, the rest of the public is more tentative in their understanding and support.

The reality is that the metaverse is still in its infancy, whether we’re talking about Facebook or the many other companies working to create their slice of the coming virtual world. But that’s also exactly why investors who invest now could see massive returns in the near future.

A lesser-known example would be AMPD Ventures, which received $6.94 million from Canadian company ThreeD Capital Inc. in November 2021 for its Metaverse initiatives.

“My feeling is that we are in the midst of a digital acceleration, and this way of life will be with us indefinitely,” Sheldon Inwentash, CEO of ThreeD Capital, said in an interview with Finsmes.com.

Decentralized Finance (DeFi)

Another trend that skyrocketed in 2021 was DeFi, or decentralized finance. Long seen as a less-interesting trend compared to cryptocurrency, DeFi received a whopping $260 billion in investment during 2021, making it a serious new contender for investors looking for ground-floor opportunities.

The industry’s growth has primarily been driven by new DeFi applications, including apps aimed at derivatives, insurance, the lending and borrowing of virtual assets, as well as the management of crypto assets.

The industry’s growth has also relied on stablecoins, a form of crypto utilized mostly by liquidity pools trying to make trading more convenient. DeFi apps increasingly use stablecoins to address the volatility in crypto markets — a major selling point for investors.

Cannabis and Psychedelics

Despite the disappointment among cannabis investors that US President Joe Biden’s administration hasn’t made any moves on the federal legalization of cannabis, 36 states now have some form of legalized marijuana, despite Cannabis cyber liabilities.

Even without changes at the federal level, that means investors can expect the US cannabis industry to grow by double-digits for the foreseeable future.

Additionally, Canada has legalized some psychedelics, mainly psilocybin, and at least one US state, Oregon, has done the same. The medical potential of psychedelics is just beginning to be understood, but they have already shown major potential for treating alcoholism, depression and other mental health problems that currently have few effective treatments. It’s another industry with huge potential.

These are only a few examples of the many emerging investment trends of 2022. Keep doing your research! With enough homework, you should be able to find investments that go the distance.

Feeling frustrated with your investing? You’re not alone.

Hundreds of thousands of people decided to start investing in the last few years, and most of them have no idea what they’re doing beyond suggestions from anonymous users on Reddit.

The doors to investing have opened up to the world beyond Wall Street, and now many novice investors have yet to see any significant returns from their investing, making it clear that maybe those masters degrees in business were worth something after all.

That doesn’t mean you have to have an MBA to successfully trade on the stock market. It does mean that you have to do your homework and stop viewing trading as just “a hobby.” Taking a relaxed approach to trading is fine — as long as you don’t care about profits.

But if you’re trading to help build a brighter financial future for you and your family, then you have to view trading like a job. You have to put in the hours and you have to show up every single day.

So what does taking a serious approach to trading look like? So glad you asked. Here are three of the best ways you can level up your investing game — right now.

Make A Plan

Do you have a plan for how you are going to trade this month? No? Well, that’s a problem.

If your trades are made on random variables or daily mood swings, then the results of your trading will look the same: unpredictable and inconsistent.

By making a plan for each week and month, your progress can be tracked, allowing you to draw conclusions about what strategies are working and which ones are not working.

You want to explore relevant charts and choose specific entry points for your trading. Rinse and repeat until you have a long list of entry points for your strategy. Stock trading necessitates agility and timing. Keep practicing with these entries until they happen exactly when they are supposed to. You’ll get there eventually.

Embrace Structure

The financial ecosystem is complicated. It was made that way.

The only path toward expert understanding of how to navigate this system is through a structured approach to trading. That means showing up at the same time every day, like a “real job,” and embracing a disciplined approach to learning.

Matt Choi, who runs the trading education site Certus Trading, said a lack of structure sets up new traders for failure.

“After a while, I realized that the biggest reason why traders haven’t been successful is because they lacked structure in their trading,” Matt Choi said. “They’d be trading stocks today, and then jump to commodities tomorrow. They’d get distracted listening to financial news networks, which often contradicts their own analysis. They didn’t have a plan and if they did have one they weren’t disciplined enough to follow it.  And as a result there is a lot of analysis paralysis going on, and they just can’t move forward with their trading.”

Update Your Plans Regularly

Once you’ve made a plan and followed it for a month, you have enough hard data and experience to start making updates to how you trade. Then, you take those slight changes to your approach and practice those for another month.

This monthly approach avoids making decisions based on isolated incidents, like individual trades, and focuses on the macro results that give you a better picture of what strategies really perform.

As the Corporate Finance Institute wrote, it’s all about “discipline and patience.”

“Discipline and patience are two very closely related skills that every master trader needs – in abundance,” according to their article “Six Essential Skills of Master Traders.” As we mentioned above, staying in the game is important because it allows you to experience both the highs and the lows, learning from them and making the necessary adjustments to your trading. A master trader must be both patient and disciplined in order to stick with it, especially on days when profit is non-existent.

Smart traders tackle one problem at a time. Start each day with a simple goal and make sure you complete that goal. With that kind of mindset, you should find yourself improving your trading — and understanding why.