May 2022

In Finance

Asset Classes to Inflation Proof Your Investment Portfolio

May 20, 2022 No Comments

The last time inflation moved higher was back in April 2021, when it hit 4.2%. It’s now been 13-months since there has been double-digit inflation. Inflation continues to be well below the Fed’s target range of 2% to 3%.

But if history is any indication, things are about to change. The current level of low inflation could change quickly. A lot of investors know that a globally diversified portfolio is a smart way to grow their money.

But where are the best places to invest as we face this next period of inflation? We will dig into the asset classes to find where you must put your money.

Asset Classes on Inflation Investment Strategy

There are many asset classes that can help to inflation-proof your investment portfolio. One important asset class is real estate. Real estate has a long history of protecting against inflationary pressure and can be a very effective inflation hedge.

Real estate is a good investment, and If you are in real estate, you are considered wealthy in America.

Other asset classes that can be used to inflation-proof your investment portfolio include commodities, gold, and silver. These asset classes can all help to provide a buffer against inflation and help to keep your investment portfolio afloat during periods of high inflation.

Recognizing the Early Signs of Inflation

Over time, inflation erodes the purchasing power of money, which means that each unit of currency buys fewer goods and services. The earliest signs of inflation are often an increase in the prices of raw materials and commodities.

This is followed by an increase in the prices of finished goods, and, finally an increase in the prices of services.

Another early sign of inflation is an increasing demand for money. This increased demand can lead to higher interest rates and a decrease in the money supply. When this happens, the prices of goods and services increase, and the value of money decreases.

What to Do When Inflation Hits

Review your budget and make necessary adjustments. Inflation can cause prices to go up, which means your budget may need to be adjusted in order to account for these changes.

Invest in commodities. When inflation hits, commodities tend to go up in value. This can be a good way to protect your finances and even make some money.

Keep an emergency fund. Inflation can be unpredictable, so it’s always a good idea to have an emergency fund to fall back on.

Portfolio Diversification

The best way to inflation-proof your portfolio is by diversifying your investments among all asset classes. That way, if one asset class is doing poorly, chances are, one of the others is doing well. For example, if stocks are losing value because of inflation, bonds and cash may be gaining in value.

Remember, the key to successful investing is to create a diversified portfolio that meets your risk tolerance and return objectives. By investing in a mix of asset classes, you can help protect your portfolio from the effects of inflation.

If you’re interested in learning more about creating an inflation-proof investment portfolio that is designed to help you, please read more of our blogs.

In Finance

Trending Personal Finance Hashtags on Social Media

May 19, 2022 No Comments

The best personal finance hashtags differ from other topics, so you must choose the ones that fit your content. However, there are plenty of fun and unique ways to create content that can go viral and work very well in bringing promotion to your site or service.

It’s also important to note that if you are looking to gain real TikTok followers for your personal finance content, make sure to use hashtags that are competitive with others and tailored to the content.

While you are scanning social platforms for the top hashtags, also don’t forget to consider your option with influencer marketing as well. See how many top accounts you can find in the finance space, and start following them to see what type of content they create.

To get started in this process, be sure to take a look at some of the top finance hashtags being used.

#debtfreecommunity

Among the latest social media trends are debt-free communities. These groups have sprung up on Instagram and Facebook and use hashtags to connect like-minded individuals. They include #debtfreecommunity, #debtfreejourney, and #debtfreeisthenewsexy. These groups provide motivation and support for those trying to break the cycle of debt.

While revealing financial struggles has traditionally been a taboo, a recent rise in transparency in the financial world has made it easier for individuals to connect with one another. The trend of transparency is also a great opportunity for brands and marketers to improve their product utility and engagement. Luckily, the movement is growing in popularity and demonstrates a unique model for viral growth.

#financialindependence

If you’re looking to spread the word about your financial independence, you’ve come to the right place. This trending hashtag has been circulating across social networks, from Twitter and Facebook to YouTube and Instagram. You can use it with photos and videos, too. Here are a few ways to make your posts stand out among your friends:

Financial literacy has become an important part of life for the youth. They’re searching for investment opportunities, investing their money wisely, and getting guidance through various social media platforms. The pandemic is partially responsible for the change in perspective, and also how businesses manage their finances. This pandemic has helped people learn to divide their money wisely and invest wisely. Thankfully, many have jumped on the bandwagon, taking to the social media landscape to guide others. Hundreds of thousands of videos have been posted using the #FinTok hashtag on Instagram.

Another popular hashtag for personal finance is #early retirement. This online community has grown rapidly and contains many hashtags that promote early retirement. While scrolling through the content can be overwhelming, keep in mind that people with useful tips are not charging for their services. The goal of financial independence is to be financially independent and free. With this mindset, you can take advantage of the hashtags that are trending on social media to help you get there sooner.

#sidehustle

If you’ve looked around social media lately, you’ve likely noticed that personal finance and side hustles are hot topics. It’s no wonder then that you’ll see #sidehustle trending all over the place. The good news is that the hashtag has left its nerd-dom and is now out in the world! However, you must keep in mind that the best hashtags for your business will not necessarily be the same as those used by other people. It’s important to choose hashtags that can compete with others and that match the content of your own account.

One of the top social media sites to use #sidehustle is Facebook. But it’s also effective on other platforms. In addition to Facebook, you can use the hashtag with your photos and videos. Since sidehustle hashtags are popular across multiple sites, you can use them on any social media site. This will help you get more likes and followers, and boost your visibility.

While many people are afraid to start their own business, there are several benefits of side hustles. First of all, they help people gain a unique sense of purpose. You are the boss of your business, and you can learn from mistakes. Second, it will give you confidence and self-reliance. If you fail, you can try again later on if it doesn’t work out.

Winning Social Media on a Daily Basis

It doesn’t matter if you are using Twitter, LinkedIn, Pinterest or even Instagram, you must have a winning content creation and social media marketing strategy in place. To learn more about this process, be sure to check out the latest trending content on the main page of our blog daily.

In Business

How Do the Best Laser Scanners Actually Work in Practice?

May 19, 2022 No Comments

Barcode scanners are a part of our daily lives—grocery shopping wouldn’t be possible without them. But for warehouse workers, barcode scanners are even more important for the ease of a shift.

In fact, inventory inaccuracy through the use of poor barcode scanners accounts for 8.7 percent of lost sales within a company. Therefore, it is important that your laser scanners are up-to-date for the most accuracy possible.

If you’re wondering what makes a great barcode scanner and how the inner workings can help your business, read on!

Below, we outline how barcode scanners work and how they help the logistics industry and shipping industries.

Laser Scanners: How Do They Work?

We use them all of the time, but do you know how laser scanners really work? Laser technology was invented in the 1960s, and there are plenty of benefits of the many types of lasers.

Today we have 3D laser scanners for the purpose of measuring objects for 3D models and maps. You can use a scanner for finding the right dose of medication for a patient, reducing errors by more than 50 percent.

So let’s make this positive change in the shipping industry.

We know that the recipe for barcode scanners takes a black-and-white striped identifier, a red light, and the scanner itself. Those black-and-white squares are not randomly configured, though—they actually represent numbers.

The red light allows for the barcode to emit light into the photoelectric cell; it can detect the lighter light (the white stripes) from the darker light (the black stripes).

The stripes are used for accuracy, as a machine could easily mix up an 8 and a 3 when scanning. It can easily detect sequences of black and white stripes, though. Then they convert those sequences into a unique numbered code for each product.

Those numbered codes are already in a system’s database, allowing it to quickly pick up the identity, price, etc. of the item.

Looking to Update Your Scanners?

If you’re finding inaccuracy within your warehouse’s scanner system, it may be time to update it. Certain models of RF scanners might have only one photoelectric cell, meaning employees would have to move the scanner down the barcode.

This tactic would naturally have more inaccuracy through user error.

More sophisticated scanners have a whole line of photoelectric cells. This means that it can scan the whole barcode in one fell swoop.

Investing in updated RF scanners for a warehouse could drastically improve your company’s efficiency and accuracy. More could be done in a day, fewer items could be lost, and your employees would be happier.

Time for Change

Take advantage of the laser technology we have today and look into a better version of your laser scanners. It is a worthy investment to make that will benefit the future of your business long term.

If you liked this article, check out our business category for more reading!

In Insurance

A Complete Guide on Boat Insurance

May 17, 2022 No Comments

Did you know that Texas is home to almost 7,000 lakes? Being on the water is a way of life in the Lone Star State all year round. Texas is among the most popular boating sites in the country, with hundreds of miles of shoreline, thousands of lakes, and a warm climate for most of the year. To enjoy your joy ride in a boat stress-free, apart from a license, you also should possess boat insurance in Texas. This post will delve deeper into the realm of boating insurance.

What is Covered by Boating Insurance?

boat insurance elberta al, similar to vehicle insurance, has numerous forms of coverage to cover different situations.

Property protection: This safeguards the boat from theft and harm due to accident or sinking. This insurance typically covers the boat, whether onshore or on the sea. If your boat is wrecked or stolen, you can choose between actual cash value and replacement cost cover.

Provided your boat is wrecked, your insurance claim will determine the vessel’s value at the time of the occurrence if you have actual cash value coverage.
Depreciation is not included in replacement cost coverage. It will compensate you for the cost of repairing or replacing your boat in the same or comparable condition as it was before the accident.

Coverage for Medical Expenses: Medical costs insurance includes your medical bills if you or your companions are hurt in a watercraft accident.

Liability Coverage: Liability coverage pays out if your boat damages somebody else’s property, such as another boat. It also covers injuries to the third party in the event of a collision. It might also cover issues created by your boat, including a large wake. If you are sued for an issue addressed by the contract, such as a watercraft accident, liability insurance pays your legal bills.

Coverage for Uninsured Watercraft: If an uninsured boater hits your vessel, an uninsured watercraft plan covers your medical fees.

Cost Discounts: Working with the right insurance agents who work with insurance carriers with discount provisions is crucial. Here are a few supplementary ways with which the right agent can bring down the boat insurance cost in Texas.

If you have completed a safety course.
If you own multiple vessel insurance.
If you own a house.
If you install idle assistance steering in the boat
If you are the first owner
If you combine different types of insurance.
If you possess a spotless driving record
If you have a regular Insurance premium payment history.

There are many more methods to alter the boat insurance Texas cost, but to fully identify the best coverage for you is to ask your agent exactly how much is boat insurance going to cost you. Also, discuss your requirements and how much income and asset protection you’ll need.

Final Thoughts

Even though boat insurance in Texas is not mandatory, consider the consequences of not having it. You’ll be responsible for your fixes and your culpability to others if you are involved in an accident. You could find yourself in a financial bind if you don’t have insurance. Also, choose your boat insurance agent carefully, and ensure that they don’t just sell you a random standard policy. The agents should thoroughly understand your needs and provide you with customized coverage at the best price.

In Business

Starting Over at 50: The Best Strategies for Investing

May 16, 2022 No Comments

Can you believe that 36% of Americans feel like they’ll never be able to retire?

If you’ve reached middle age and you feel like you don’t have any security, then you might think that retiring one day is only a dream. The great news is that anyone can work toward building a brighter future at any age with the right mindset.

Have you ever asked yourself, “Can I start investing at age 50?” Read on so you can learn about the top strategies for investing during the later stages in life.

Research Different Retirement Account Options

If you want to invest for retirement, it’s important to know that there are a few different types of accounts out there. Each account comes with pros and cons that can suit everyone’s unique circumstances better.

For example, if you plan on having a smaller income during your retirement, then a traditional IRA would make more sense for your taxes instead of a Roth IRA.

Expand Your Portfolio the Right Way

The main reason why so many Americans aren’t investing is that they don’t have time to research stock trends each day. The truth is that you don’t have to worry about moving your funds around every day and risk losing it all.

From bonds to mutual funds and beyond, there are so many ways you can diversify your portfolio that matches your risk tolerance.

Reduce Your Debt and Add Another Stream of Income

People who want to invest want to pour all their extra money into these accounts. However, if you have a lot of debt, then those high-interest rates can eat any profits you earn on your investments.

Taking steps to chip away at your debt and even adding another stream of income can work wonders for your finances.

Don’t Forget to Start Investing in Your Health

Starting over at 50 will be a lot easier if you don’t have any chronic health problems to worry about. This is why you shouldn’t overlook the value of investing in your health as well as your finances.

It’s never too late to adopt a better diet and exercise routine. Taking small steps can help you create a sustainable lifestyle over the years.

Work With a Wealth Management Advisor

Changing the way you handle your money can be terrifying. It’s always worth teaming up with a financial advisor who has the education and experience to guide you in the best direction.

When you work with an expert, you can have peace of mind that your finances are in the right hands.

These Strategies for Investing Will Set You Up for Success

With so many strategies for investing out there, it can be challenging to figure out what the right move is when you’re older. After reading this guide, you can start making these changes to increase your security and prepare for retirement.

Would you like to continue your journey to becoming an expert in personal finance? Read more of our blog articles!