Earning Daily Dividends in Forex

Are swaps the dividends of forex?

submitted by auesthesthicc to Forex [link] [comments]

Globe: Algonquin Power & Utilities receives big boost to five-year growth plan

https://www.theglobeandmail.com/business/article-algonquin-power-utilities-receives-big-boost-to-five-year-growth/
Canadian utilities with ambitious growth plans have found a new best friend in Zimmer Partners LP, a U.S. hedge fund that is paving the way for new infrastructure by making serious commitments to stock sales.
Algonquin Power & Utilities Corp. is the latest domestic player to benefit from founder Stuart Zimmer’s seal of approval. Back in December, the Oakville, Ont.-based company announced a five-year expansion strategy that called for $9.2-billion in spending on projects that include 10 wind and solar facilities in Quebec, Saskatchewan and eight U.S. states. Analysts calculated Algonquin needed to raise $350-million from stock sales each year to achieve its goals, an appetite for capital that didn’t go away when the world caught the novel coronavirus.
Enter Mr. Zimmer and his US$9-billion fund, which focuses on investments in energy and utility stocks. In early July, Algonquin landed a $350-million order for its shares from what it described in a press release and filings as a single U.S. institutional investor. Investment bankers working on the transaction confirm the investor was Zimmer Partners; the company and the hedge fund declined to comment. (The Globe and Mail is not identifying the investment bankers as they were not authorized to speak publicly about the deal.) Over three decades of investing in utilities, Mr. Zimmer has earned a reputation as a committed and supportive shareholder.
With a large initial order in hand, a team of dealers led by Scotia Capital and CIBC Capital Markets offered an additional $550-million of Algonquin stock to the public. This portion of the bought deal was subsequently boosted to $633-million, on the back of strong demand from individual investors, meaning Algonquin raised a total of $983-million. The company funded roughly three years of its five-year growth plan in one transaction.
The deal marked a dramatic debut for new chief executive Arun Banskota, who joined Algonquin as president in February from a U.S. power company and took over as chief executive from founder Ian Robertson in mid-July. In a press release, Mr. Banskota said the stock sale covers all of this year’s spending plans and “puts the company in a position of strength as it looks to soon begin executing on the 2021 portion of its capital program.”
The size of the transaction did not go unnoticed on the Street. “Although we were not surprised by the company raising equity at this time, we were not expecting an equity offering of this magnitude,” Nelson Ng, an analyst at RBC Dominion Securities, said in a report.
Analysts expressed much the same sentiment back in December, when Fortis Inc. sold $500-million of stock to Zimmer Partners as part of a $1.2-billion share sale, raising cash needed for the Newfoundland-based company’s planned $18.3-billion of projects over the next five years.
Zimmer Partners isn’t the only major institution willing to back Canadian infrastructure plays with big dreams. Brookfield Asset Management Inc. recently bought $350-million of preferred shares from Superior Plus Corp., money the propane distributor plans to spend on acquisitions. And a number of pension plans, including the Ontario Municipal Employees Retirement System, Alberta Investment Management Corp. and the Caisse de dépôt et placement du Québec, have made significant investments in publicly traded utilities.
Why are Zimmer Partners and other institutions willing to step up? On the surface, Zimmer Partners and public investors paid the same amount for Algonquin stock, buying shares for $17.10 each – the stock was trading at $17.52 prior to announcement of the deal, so all the buyers were getting new shares at a slight discount. Regulatory filings also show Algonquin’s institutional investor agreed to hold its stock for at least 45 days, precluding flipping the stock for a quick profit.
However, regulatory filings show Algonquin paid the hedge fund what’s known as a “commitment fee” equal to 2 per cent of the value of the shares it bought, or $7.2-million. Fortis paid a 1-per-cent commitment fee, or $5-million, when it sold shares to Zimmer last year. That small fee is effectively a discount for the institution – similar to buying shares for well below where they are trading – which helps these investors beat their performance benchmarks.
From Algonquin’s point of view, the commitment fee is well worth paying, as it is only half the 4-per-cent commission charged by dealers on the bought deal portion of the offering. And it allows an ambitious Canadian utility with a newly minted CEO to plan for growth during a pandemic with almost a billion bucks in the bank.
submitted by __justsayin__ to CanadianInvestor [link] [comments]

Your Pre Market Brief for 07/16/2020

Pre Market Brief for Thursday July 16th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Updated as of 4:45 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 07/15/2020 News and Markets Recap:
Thursday July 16th 2020 Economic Calendar (All times are in EST)
(JOBLESS CLAIMS TODAY)
News Heading into Thursday July 16th 2020:
NOTE: I USUALLY (TRY TO) POST MANY OF THE MOST PROMISING, DRAMATIC, OR BAD NEWS OVERNIGHT STORIES THAT ARE LIKELY IMPORTANT TO THE MEMBERS OF THIS SUB AT THE TOP OF THIS LIST. PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH! THE TIME STAMPS ON THESE MAY BE LATER THAN OTHERS ON THE WEB.
Upcoming Earnings:
Commodities:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
submitted by Cicero1982 to pennystocks [link] [comments]

ETF domicile, dividend leaks, and forex expenses

Recently in the /dutchfire subreddit someone was asking for recommendations of ETFs to invest in: https://www.reddit.com/DutchFIRE/comments/5zygx4/je_krijgt_100000_euro_welke_vier_etfs_kies_je/df4lmjo/
I noticed that most people are investing in USD products domiciled in the US (for example in VTI). However, I have been investing exclusively in EUR products domiciled in Ireland through DeGiro (VWRL). Most of the fee-free products that DeGiro offers are distributing, which means I am incurring in dividend leaks since you cannot recover dividend witholdings from Ireland (~12%). I also understand that in the case of products domiciled in the US, you can deduct all dividend witholdings in your tax report (at least in the Netherlands). If this were the whole story, it would make perfect sense for me to invest in US domiciled ETFs.
However, by investing in a different currency through DeGiro (and I guess all other brokers), one is also subject to a 0.1% forex spread in every EUUSD transaction. As such, whenever you buy or sell more ETFs, receive dividends and reinvest those dividends. For dividends the winner is clear: it is better to pay 0.2% in forex spread when investing through the US (0.1% when receiving dividends and 0.1% when reinvesting them) than losing 12% when investing through Ireland. But through Ireland you don't have forex costs when putting more money in your investments, whereas through the US you do pay an extra 0.1% over the total amount you invest.
So I made a crude simulation of the costs for two all-world stock ETFs with similar portfolios, VWRL and VT. The first is domiciled in Ireland, the second in the US. I supposed a 2.5% dividend yield for both.
Product Fund Expenses Forex Expenses Dividend Expenses Total Expenses VWRL 0.25% 0 12% * 2.5% = 0.3% 0.55% VT 0.11% 0.2% 0.1% * 2.5% ~ 0 0.31% 
So to me it seems that looking at the total costs it makes more sense to invest in US domiciled products like VT. My question is: are my calculations are too simplified? Did I forget something? I thought I had made these calculations in the past and that I reached the conclusion that Ireland domiciled ETFs were a better choice. However, looking back, it seems I miscalculated and that I should start thinking about changing my VWRL portfolio into VT as soon as possible!
Updates:
submitted by operte to eupersonalfinance [link] [comments]

Why buy Canadian ETFs if they are consistently outperformed by US ETFs?

I'm curious about whether Canadian ETFs are worthwhile, as they have been a constant drag on my returns for the past 5 years. I consider the S&P 500 to be the benchmark for any stock returns. It feels like Canadian ETFs will crash every time the S&P 500 does, but we will never rise to new all time highs the same way. The S&P TSX composite has roughly stagnated in the last 15 years, but the S&P 500 has shown substantial gains in that time (and in all of its history).
It is true that past results should not be used to justify future returns, and that Canadian ETFs do have some advantages. Off the top of my head:
  1. No need to pay a forex fee or do Norbert's Gambit
  2. Generally higher dividend payout ratios (helps with total returns)
  3. No 15% dividend withholding tax that US ETFs have
Would it be worthwhile to drop Canadian stocks altogether to chase higher potential returns? Some thoughts:
  1. Lesser geographical diversification
  2. Increased currency risk due to USD:CAD FX
  3. I prefer the assets of the S&P 500 over the S&P TSX. VCN has heavy exposure to banks, oil & gas, and Shopify, which wouldn't be my ideal investment focus at this time.
submitted by 4333mhz to PersonalFinanceCanada [link] [comments]

My [19/F] boyfriend [21M] started trading (forex) a while back and it's finally paying dividends, and while I'm so glad for him, he's just become so consumed with how much he's making and how he's somehow better than "broke people" now ... he's becoming an arse ! Please help

Before anyone goes on about my username, Tony Adams is my favourite sporting legend K ... now thats out of the way
We've been together for 2 years, we did our gap year together, and when we met originally he'd come from hard economic background (his dad left them, came back a few years later jobless and then his mother had to support him)
He decided to start trading as a way of making extra money and only now is he starting to make loads of money, like LOADS, he has a trading business, where he trades on behalf of people and that's really helped him ...
Now that is absolutely brilliant I'm so happy for him, that means that he's constantly going on about how expensive his clothes are, he buys new shoes every week from Adidas and all of those places ... he buys versace underwear and feels obliged to let all of us know, puts pictures of himself up on Snapchat taking calls with stacks of money instead of phone ... and he's become really patronising about me wanting to be a teacher and live a comfortable life, apparently I need to aim to be mega rich, when really all I want is to become a professor one day, not be rolling in money ...
I sometimes dread being around him, because he's just going to talk about how expensive his clothes are and how broke everyone else is ! I was with a friend of mine and we were just chatting about life you know and it was great, and it's hard to have those conversations with him now, because all he's about is money. Also he's not investing it which scares me !
The point is while he's still great to be around, there's this side to him that is SO annoying and arrogant, I want to beat it out of him ! Help
tl;dr: My boyfriend had become so consumed by how rich he's become it's hard to be around him ! Help
submitted by TonyAdams123 to relationships [link] [comments]

Im a growing trader and i have a question, any help would be appreciated

I'm still a fairly new trader, I've with known about the markets for a few years but i only started lately with about approximately 6 months of consistently educating myself and teaching myself on all the different parts of trading, some parts I feel confident with while others might not be the best that I can be YET.
a list of things i can say i understand would be
fundamental analysis, technical analysis...to a certain extent (always room for improvement) indicators and various tools like the macd, momentum indicators, rsi, stochastic indicators, bollinger bands, etc, risk managment and protecting capital the meaning of certain candelstick patterns, diffrent markets like stocks, forex, commodities and dividend stock. i also learnt how not to fall for stupid internet scams.
ive been trading with a demo account for the most of my learning period but i have traded with a live account too.
I took a liking to the 4 hour timeframe and built my own trading plan from there onwards , i guess i just feel like my personality matches the 4h charts, but i use 1D 1H 30M also.
I just want to be a succesful trader and improve my standard of life, buy myself a cozy house, fall in love, help my mother pay her bills, these regular things.
I'm working on making enough money to fund my account since im only 19
With all i have already taught myself I cant help but feel like theres someting important that i am missing and have not stumbled into yet to teach myself or learn. Like what is the next step in my growth?
i feel like i dont have all the pieces of the puzzle.
what do you think it might be?
submitted by starrbeats to Forex [link] [comments]

Finnhub API - the new standard for financial API

Finnhub is an American company with people working in New York, Mumbai, Sydney, and Ho Chi Minh to source, clean and serve the right financial data to our customers. With data centers around the globe and a diverse workforce, Finnhub provide high quality data with easy access to the biggest clients in the industry ranging from hedge funds, mutual funds to investment banks and S&P companies.
With the mission of democratizing financial data, Finnhub is proud to offer a FREE retail-focus realtime API for stocks, forex and cryptocurrency. We make use of state-of-the-art machine learning algorithms to collect, clean, and standardize data across global markets. With this API, you can access realtime market data from global stock exchanges, 10 forex brokers, and 15+ crypto exchanges. Finnhub also provides institutional-grade alternative and fundamental data for global companies through our stock API. Finnhub is ranked number 1 on Towards Data Science stock API guide. See why Finnhub is the leader in financial data APIs with this comparision.

Data provided on Finnhub:
- Fundamental Data:
- Market Data
- Estimates
- Alternative Data
With global coverage and deep historical data, Finnhub provides an unparalleled API for global investors, investment firms and fintech startups.

Finnhub's github: Finnhub Stock API Github
submitted by InternalEngine to FinnhubAPI [link] [comments]

Picking an online broker for investing for a non-US Non-EU investor

I live in Turkey and picked up an interest in investing to be able to feel financially safe and hopefully free in the future, two years ago.
I picked a couple of divident paying stocks and bought small amounts. I also picked a couple of funds and invested even smaller amounts to see how they perform.
One thing I noticed is that, the market is not likely to beat the inflation (if it can, it will be barely - and statistics are not very reliable at the moment), and nobody in the country remembers a period where USD lost power to Turkish lira in a persistent way, but we are seeing the reverse right now. This is so obvious and certain for most of our people that just buying USD alone is an investment form which will not fail you.
Obviously unless I happened to pick up the stocks that will constantly outperform the whole market, it's unlikely that I gain a financial freedom in this way. And I can't do day trading or short term investment because I can't sit in front of a screen and monitor the market. Also, dividends are not reliable as a company might decide to skip a year or stop paying it altogether. And the divident performance of the whole market is around 1%.
So, I don't feel like this environment is the right one for long term investment. That's why I am planning to invest in the US and maybe the UK stock markets.
There are a couple of banks that let me invest in those markets, but their commission rates are insane. The minimum they will get for one transaction is $25. I was planning to start with something like $250-300 and if I invest with them, there goes one-tenth of my money. However, transferring money to a foreign account costs 40-50 Turkish liras, which roughly translates to $7-8. Considering that I'm planning to put small amount of money and buy stocks with it, transferring money to a broker makes sense.
However this arises safety issues as I'm going to invest with an American or British broker. Moreover it will have to be an online broker because others don't accept foreigner investors. Risk increases.
While I was doing research, I learnt that Saxobank, Tradestation Global and Interactive Brokers accept Turkish citizens. I can't pick Saxobank as they have a minimum of $10,000 which I won't have for a while.
I checked them out to see if they are safe, but apart from obvious advertisement websites, it is very confusing.
For instance, https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker and https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker They both are slammed here. But check this out: https://www.tradingview.com/brokeTradeStation/reviews/
Here, where the company can answer, there is a different story: https://www.trustpilot.com/review/interactivebrokers.com This one is another: https://www.trustpilot.com/review/tradestation.com?languages=en
So, what are your thoughts about these two brokers? Are there any alternatives I am missing? Or should I just not invest in these markets?
EDIT: I'm also worried about inactivity fees as I plan to buy and forget whether stocks or funds.
submitted by kutubira to personalfinance [link] [comments]

I have a question

I'm still a fairly new trader, I've know about it for a few years but i only really started properly with about 6 months of consistently educating myself and teaching myself on all the different parts of trading, some I feel confident with while others might not be the best that I can be YET.
a list of things i can say i understand would be
fundamental analysis, technical analysis...(to a certain extent)always room for growth... indicators and various tools like the macd, momentum indicators, rsi, stochastic indicators, bollinger bands, etc, risk managment and protecting capital the meaning of certain candelstick patterns, different markets like stocks, forex, commodities and dividend stocks. i also learnt how not to fall for stupid internet scams.
ive been trading with a demo account for the most of my learning period but i have traded with a live account too. Doubling my small accounts of about $40
I took a liking to the 4 hour timeframe and built my own trading plan from there onwards , i guess i just feel like my personality matches the 4h charts, although i use D1, H1, 30M also in my analysis
I just want to be a succesful trader and inprove my standard of life, buy myself a cozy house, fall in love, help my mother pay her bills, these regular things.
I'm working on making enouph money to fund my account since im only 19
With all i have already taught myself I cant help but feel like theres someting important that i am missing and have not stumbled into yet to teach myself or learn. Like what is the next step in my growth?
i just feel like i dont have all the pieces of the puzzle.
what do you think it might be?
submitted by starrbeats to Trading [link] [comments]

[Beginner Investor] Need help vetting my thoughts!

Hi Everyone!

Been doing quite a bit of reading these past couple weeks to finally start off on my investment path, but still feel uncertain on a few points, and I was hoping some kind soul could help vet my thoughts?

  1. Due to risk apetite, current situation, 15% DWT, and pursuit of a globally diversified passive investing strategy i've narrowed it down to starting off with IWDA (Might read up more on SWRD) + EIMI for now.a. Although these ETF's are bought in foreign fx, they're still the best option in terms of TER.ie. in comparison to SGX traded alternatives for global exposure (ex. sgx s27 for S&P500)
  2. I've opened a Saxo account which i intend to grow till i hit 100K, at which point I should swap to IB.
  3. My Saxo account is set to SGD, but ultimately that setting won't really matter as IWDA and EMIM are bought on LSE so i'll have to take the forex risk regardless.
  4. Due to all the fees involved, it makes more sense to DCA into these ETF's on a quarterly basis vs for example 1K SGD on a monthly basis.
Do the above four points seem reasonable?
I'm also curious, I've got quite a bit of savings in an Irish bank account.... I'm thinking of moving that over to my SG bank using transferwise to function as my emergency fund. Or would it make more sense transferring it to SAXO to use for investing in the LSE based ETF's?

Thank you so much for any advice, i'd really really appreciate someone helping to sort out my thoughts!

[EDIT] To help clarify on the excessive acronyms
submitted by Amagahdz to singaporefi [link] [comments]

Surge of New Forex Traders? Read this!

I've noticed that about 2,000 people have joined the Forex community in the recent weeks. Has anyone else noticed this? I suspect this is because of the lay offs due to the corona virus, and people are frantically looking for ways to supplement their incomes. While I'm glad that people are trying to better themselves and take control of their financial situations, I have to admit that the daily "newbie" questions are getting quite annoying. And it's not because there are new, inexperienced traders asking for help, but it's because the questions are more-less the same questions. I know there is a pinned "New Traders" section at the top of the thread, but it seems it isn't catching much traction.
But first, to the new traders I'd first like to say:

Welcome! This will be a tough journey, but it will pay in dividends (not literally).
A couple tips before we start:
FIRST, see the pinned New Traders section of Forex
SECOND, go to babypips and take their FREE courses where you will learn the basics. I never did because I'm an idiot, and it took me many years of trial and error to succeed in this game. Don't be a lemon like me, go to babypips.
Now my basics;
Always have at least a 1:2 Risk:Reward. Simply put, risk at least $1 for $2.
Always set a stop loss and take profit.
In the beginning, I find it best to give new traders a black or white, go-or-no-go trading strategy. Trade mechanically. While discretionary trading is profitable, you need years of experience and time in the charts to be good at it. It could be something like, "I only trade low volatility break outs on the 4hr. Any candle below x ATR and I will enter via stop order at the high/low of that candle. My sl will be at the high/low of the entry candle, and I will look to make at least 2 reward on that trade. I will risk 1% per trade, even on demo, and I will trade in the direction of a 10 period moving average" This is a VERY crude strategy, one I just pulled out of my ass, so don't go using it and blowing your accounts!
I recommend starting with 1 pair in the beginning, at MOST 3. And I recommend not swapping into different pairs. Keep those 1-3 pairs.
Once babypips is completed, demo trade. Put time in the charts and develop a strategy (mechanically, preferably). Your strategy could be as complex or as simple as you like. Simplicity is genius in my opinion, but you do you. I'm not trying to sound like an ass, but everything you really needed to learn you learned from babypips.
With that said, DO NOT pay for courses from ANYONE. They will often know the same as you, if not less. In my opinion to be really great in this game you don't need a lot of information., and capitalize on every opportunity. You just need to be really good at one style and max that the hell out. For instance, being really good at low volatility breakouts, and having a system based off that. No amount of schooling (high school, college, or courses via Forex gurus) will make you successful. It's one thing to know a strategy, but to implement it in real time with real consequences is daunting. The only way to conquer this is to simply do it. Trade.
Trade with an amount of money you can emotionally and financially afford to lose! I would even recommend starting a live account with $50 and only trading micro lots (0.01) until you become comfortable and your strategy proves successful. This is AFTER demo trading your strategy.
Master yourself before you master the markets. Work out. Feed your brain. Get enough sleep. The money you make or lose isn't worth your health.
Psychology. In my opinion the best psychology you can have while trading is a form of stoicism. You've placed your trade based off your strategy, you managed your trade based off your strategy, and you risked an amount you've told yourself you were comfortable losing with an account you told yourself you were comfortable blowing, so what's the worry? Why the second guessing? Everyone's heard that story, right? Where a man goes to a successful "guru" and says he wants to be successful. The guru says, "Ok. Show up at the beach this time tomorrow." The man shows up at the beach in a suit and tie, ready for success! The guru tells him to get in the water. Once in, the guru holds the mans head under the water, drowning him. At the last second the guru lets him up and says, "once you want success as much you wanted to breathe, you'll be successful. That's what you need to be like. You need to be willing to do what is necessary and put in the work. It's not easy. You're going to lose money, maybe even blow accounts. You may struggle for years without a return, or even lose money over that time. How bad do you want it success, though? And are you willing to drown to attain it?
Best of luck new traders!
Experienced traders, please feel free to add things or tell me I'm a goof in the comments.
submitted by SandfordKing to Forex [link] [comments]

I’m a beginner investor and was wondering what are some good companies to invest my money in to now so that it will grow? Also, is bitcoin a wise investment now? I wanna be rich...

submitted by Candid-Anywhere to investing_discussion [link] [comments]

Hourly News Update

🤖 Mean Polarity = 0.02 | Mean Subjectivity = 0.14
SPX 3218.25| NASDAQ 10636.75| DOW 26573.0| OIL 43.05
submitted by TradeFlags to tradeflags [link] [comments]

Need Help - Do Businesses who generate Forex income have to pay GST/HST to the CRA (Canada)

Hey guys, I'm a total noobie here and can't seem to find the answer to this question anywhere.

In Canada, if you incorporate yourself and run your trades through your business and earn business income, do you also have to pay GST/HST to the CRA as another business would?

I am asking this question because for my current job, I am incorporated (different field) and charge GST/HST, which then goes to the CRA. However, seeing as this is Forex, would it be the same? It's not like you can collect GST/HST from the market....lol

Essentially I'm trying to see what is the best option to save my profits going forward. This scenario is based on generating 500K/year in profit via trading:

  1. Claim Capital Gains - 50% of the profit will be taxed at your marginal rate (Until how long though? At what point will the CRA consider it business income instead?)
  2. Sole Proprietor - Income is taxed at the personal income tax rate and you can also claim expenses, in addition you do not pay GST/HST
  3. Incorporated Business - Income is taxed at the corporate tax rate, you can claim expenses and pay yourself dividends (even lower tax rate), BUT - Do you have to pay GST/HST as well?

Sorry for the stupid question, the answer is probably no, but I want to be sure.

If I don't have to pay GST/HST then I think registering as a business is a no-brainer. In fact, you can save more money than purely capital gains up to a certain point. Not to mention all the tax-hacks you can have like using the business' money to buy yourself a home completely tax-free in Canada, if you know how to do it. Essentially I'm seeing the best way to pay myself 100K/year while saving the other 400K, to then take it out tax-free on a future home. But yeah, do businesses have to pay GST/HST?

Thanks everyone.
submitted by TresslessFin to Forex [link] [comments]

IG group.. I fancy it

I could go with all the boring metrics but I’m not bothered i fancy this share medium term I will explain why, then you can check it out for yourself.
I’m sure being on this thread you are aware of ig ? Igindex?.
Ig offers trading platforms for CFDs and spread betting aswell as traditional brokerage services and boasts over 12,000 instruments.
It thrives when there is volatility, which I’m sure we can agree has been massive and should continue, last year it paid out its entire profits as a dividend, that yield right now is about <5%
They released an RNS 04/06 stating they expected revenue from trading around 40% higher yoy!
Since then the stock went from 788p to a high of 862p and settled there about a 830p..
Since June the 4th volatility has exploded and continued traditionally if does well on this and fades to obscurity in normal times...
You have all seen for yourself the amount of stupid bets on wsb, huge amount of new entrants to the markets and ig is rated shares magazines choice award.
I’ve even seen forex trading advertised by girls on Instagram !
Also The leverage amounts mixed with new traders will mean crushed positions and lots of trades entered so I think that will drive revenue..
Anyway you can look at the boring stuff I know this isn’t how dd is meant to be done, currently has, earnings 43.1 per share on revenue of 477m 20 pe... Forecast revenue of 650m... Say conservatively we get get 50p a share earnings and a dividend the same, that’s brilliant...
But covid isn’t going away the new market participants will stay, to some extent and volatility will stay with us! So the stock should go higher.. anyway I realise this is long fan post/ but I thought I’d just get your thoughts
submitted by Sweet-Zookeepergame7 to UkStocks [link] [comments]

[New York] The Pandemic Unemployment Assistance is a once in a lifetime opportunity!

I don't know the expenses for many people here but this is a great opportunity for new investors.
My backstory:
I was a sophomore in college until I took a break or semi dropped out to learn how to invest in forex and stock trading 2 years ago. Now fast forward to today I am 24 years old, I work at whole foods and because classifies as an essential worker I am eligible for hazard pay. $10+ in addition to my original hourly pay rate is $25/hr. I already get $600-$760 from the pandemic assistance. All this money is going into my investment portfolio. I purchase stocks on Robinhood weekly ( I have a list of dividend stocks to invest in longterm). I swing trade forex which is a huge profit maker. I was up $200+ a day in a single trade. The point I am trying to make is this pandemic speed up my wealth growth. My stocks pay monthly to quarterly dividends (that is continuous income), forex, and my part-time job at whole foods will definitely bring in good money. I am very optimistic about the future! I hope all of you are using those checks wisely. Take the time now to learn marketable skillsets because if we go through a similar experience in unemployment, how will you survive the next crash?
submitted by TraderRyanH to Unemployment [link] [comments]

Some seemingly undervalued stocks

First off I’m no stock broker, but I write a mean spreadsheet!
I’ve taken a lot of data off investing.com and ranked companies on EPS, P/B, Growth, BVPS, Cash flow, debt and dividend yield. I then ranked them against both their industry and the market in general. Scoring items against a range, with anything falling out of range given 100 (where low is good).
I’m only really looking at LSE as I don’t like adding Forex into the mix.
I’m then doing some research into why they are undervalued. Some are obvious others aren’t.
Here are my picks currently. I would love some feedback, positive or not. All the below scored below 15 points on my 7 scales where 0 is the best and 100 is the worst.
Hunting PLC (oil and gas services)
Rank Group (gambling)
Serica Energy PLC (oil and gas)
Ferrexpo (mining)
Angelo Pacific Group (mining)
Sorry for any formatting. I’m on mobile.
submitted by Mikeyblu to UKInvesting [link] [comments]

Market Update: Market Liquidity, Offers & NASDAQ 26/06/20

As you probably know, we’re improving the functionality of our market by adopting order matching technology provided by NASDAQ.
Why are we doing this?
We’re determined to build a regulated, and high-volume market in football bets, and for these bets to be a legitimate ‘alternative asset class’ underpinned by significant Dividend yield.
To achieve the same standards and volumes found in niche financial markets, we need to adopt the same principles and methodologies. We must also be compliant and transparent, and there can be no suggestion whatsoever that we have the control or ability to manipulate prices.
In terms of liquidity, we’re aware that at this point there are still no Bids on a number of Players at the lower end of the market. You have our assurance that this number will significantly reduce over the next month. However, to put this into perspective, players without bids represent less than 0.3% of the total market.
The next step in our journey will be the introduction of Offers which will replace the Sell Queue. The introduction of Offers as part of Matching Engine Phase 2 will establish our credentials as a real market. Our target is to achieve this by the end of August.
From there, we’ll switch our Matching Engine order books across to NASDAQ. NASDAQ will simplify the transition to becoming a compliant, high-volume alternative asset class. It’s a huge declaration of intent. We’ll move from what could be considered a slightly quirky bookmaker onto a much larger stage.
We’re well into this process and are already categorised by the Gambling Commission as a Tier 1 Operator. We’re now competing with the major players in the gambling industry and are generally regarded as the most successful entrant into the sector in the last 5 years.
In addition, the entire IPO process will also be revamped with NASDAQ.
Once our migration to NASDAQ has been completed, our intention is to build the value of our market to in excess of £1bn as soon as possible. The Football Index market will be driven by passion, not by ‘forex pairs’. We will have the technology, NASDAQ partnership, and processes in place to achieve this goal.
submitted by JohnVonTrapp to FootballIndex [link] [comments]

How The Government Can Get 400,000 cr. to fight the Covid Slowdown

It’s obvious now that the lockdown will hurt India’s economy. And just as other countries are doing, we’ll need big stimulus to start pushing it back into gear. There’s a number of things that this process will involve:
Old businesses can take time to come back to life. Because workers would have migrated, supply chains disrupted etc. They will need help to survive through a time when their factories or offices are shut, and to have paid intermediate salaries or rent.
New businesses will have to be encouraged. Just as some businesses will need help, some of those will die. And those businesses will have to be replaced by others who are new and just getting in. Think of the barber shop that’s shut because it couldn’t pay rent for two months, but then people in the area will still need haircuts.
Giving people and small businesses money directly into their accounts will probably become a necessity, to encourage people to spend or to pay for some of the damage caused due to the lockdown.
The government will have to kickstart spending in a very large way – from better healthcare, to more infrastructure (to provide job) or simply to allow for the economy to rise again.
This costs a ton of money. A rough estimate would be, say, Rs. 400,000 cr. The government doesn’t have this kind of money right now, and raising it by selling assets or issuing debt is enormously difficult. Because the debt it has is already quite large, though not as much compared to the western governments nowadays. However, it doesn’t need to take more debt. There’s money the government rightfully owns which sits idle in a very specific place.
Here’s how it can get Rs. 400,000 cr. now.
This kind of money doesn’t grow on trees, so what nonsense is this, Deepak? (I can hear you think) But bear with me, because I’ve thought this through. The money may not grow on trees, but there’s one big mega uncle who prints it, and generates a large amount of profit. It’s called the RBI. We have written earlier that the RBI has way too much money sitting in its balance sheet that it shouldn’t have. These are called “reserves” (very different from forex reserves). Read: The RBI is hoarding too much capital. Essentially, these are very large numbers of retained earnings, that has gone up even more now with this crisis. The extra earnings can be given back to the government, which can then spend it. Now, RBI makes a lot of money from multiple sources:
It has nearly 10 lakh crore worth of government bonds, which, at 6.5% will give it roughly 65,000 cr. in interest per year.
It also has, now, 35 lakh crores of Forex assets, (lets not call them “reserves” yet) , up over 6 lakh crores in the year. Yes, the RBI has bought a truckload of dollars this year.
The forex reserves earned them over 74,000 cr. last year, and we expect this year to be a little more – probably 90,000 cr. all things considered.
That is an income of 155,000 cr. already.
Apart from this there is a big other benefit. Now the RBI owns all these dollars – it bought them when the rupee was lower (on average, probably Rs. 55 or so). When the dollar depreciates, to balance the accounts, the difference is placed in a Currency and Gold Revaluation Account (CGRA).
The CGRA already had over Rs. 6 lakh crores last year.
This year, considering the RBI has 450 billion dollars in foreign assets, that will add Rs. 4-5 per dollar as revaluation profit – around Rs. 200,000 cr. more in the CGRA.
Due to accounting changes, and due to sales of dollars (around $30 billion in the full year) we should see around Rs. 60,000 cr. as a realized capital gain this year with the RBI.
For details, here’s a good Ananth Narayan article, but note that I simply do not agree that such a profit is not a real profit – it’s as real as any rupee printed.
The RBI doesn’t spend much: 7,000 cr. on employees, 5000 cr. on printing currency and this time, probably 10,000 cr. on payment of interest.
What are you saying Deepak? All these big numbers….
Okay, ignore the nitty gritties. Simply put, RBI has a potential profit, this year, of around Rs. 200,000 cr. This is money it can remit straight to the government this year.
Doesn’t it do that always?
Well, no. The RBI is not very happy to be paying the government anything, to be honest. They keep building random “buffers” to avoid having to pay the government. See what all they have:
Contingency fund: 200,000 cr.
Why? We have no idea. The RBI never participates in any contingency whatsoever; all bank rescues are funded by the government or the PSUs or such. The RBI doesn’t even like to buy anything that isn’t government bonds, so they never take any balance sheet risk. There is no need for a contingency reserve at the RBI. And that too, 200,000 cr. – that’s more than 30% of India’s fiscal deficit! Come on.
You might keep a little bit here, but to hoard such a large number here is unnecessary.
Currency revaluation account: Now, over 800,000 cr.
This is basically reflecting the fact that RBI bought dollars at Rs. 55 or gold at Rs. 1600 per gram and now the dollar is at 75, and gold is at 3800.
This is huge. They keep adding to this fund every year, needlessly – a change in accounting procedure may help remove it.
Asset Development Fund: Rs. 23,000 cr.
Again, why? All major things owned by the RBI are now, by decree, transferred to the government. Examples: SBI, NABARD, NHB. Why should the RBI keep a reserve for this, especially when they have collectively spend less than 5000 cr. in the last five years from such a fund? What’s the point?
Other stuff: Rs. 200,000 cr.
This contains items like unrealized gains on Government bonds and foreign bonds
Again, this should be a profit but is not recorded as one just so that they can avoid having to pay the government. (One simple way to record it is to sell all the bonds and buy them back instantly, converting all the unrealized gains to realised profit)
In total, the RBI has a Rs. 13.5 lakh crores of extra profit (retained earnings of sorts) on its balance sheet. Every year, it generates a large profit and just keeps a good portion in each of these sub clauses, and avoids paying the government. In a partial correction, last year, they discovered that the excess on the balance sheet was too large, and paid out Rs. 1.76 lakh crores as dividend, but it still leaves a huge amount of room for more.
You said Rs. 400,000 cr….
Yes, I’m coming to that. The RBI’s balance sheet is Rs. 47 lakh crores. The “equity” stuff on the balance sheet, which includes the “extra” stuff we talked about – is more than 13 lakh crores. That’s like 27% of their balance sheet. According to the recent Bimal Jalan committee report, the RBI should have a total buffer of about 21% – around 9.8 lakh crores. Given that they have more than 13.5 lakh crores – roughly 400,000 cr. can be given back to the government as dividend.
But what will they sell to give dividends?
Oh they don’t have to sell anything. The RBI has an account for the government. (It’s the govt’s banker). So you transfer from one account (the retained earnings) to another. That’s all. Well, what happens when the government spends the money? It goes to a bank account with some bank. So that banks account with the RBI will swell up and the government’s will reduce. The RBI balance sheet doesn’t change – only the constituents do.
Wait. Why all this now?
Let’s get serious. This is a massive economic blow for the country. We will easily lose over 4% of GDP just to the lack of activity for a month. This has to be made up by massive government spending. That spending has to be financed. Already, the highest expenditure of the govt is interest payments. (Over 5 lakh crores in interest. The next highest entry, defence spending, is 40% lower!) The government may still need to borrow but why should it borrow when the RBI, which is owned by the government, has all the bloat sitting inside it? That’s like saying I have a lot of fixed deposits but let me go borrow money instead to pay for my urgent medical bills, even though I’m reeling under interest payments. The country needs help. We need to relax the ridiculously huge buffers maintained by the RBI in order for the government to spend. The RBI could pay a lot more – but this year, a 400,000 cr. payment looks very achievable without stepping on some toes. I’m not even asking for the government to eat into RBI’s already created massive reserves. Just that they take what profit would have been generated in this one year, instead of allowing RBI to bloat what is already much larger retained profits than required. Remember, most central banks have much lower retained equity as a percentage of their balance sheet. RBI is at 23% currently. Brazil is at 1%, Russia at 13%, South Africa at 1% and the closest perhaps is Germany at 13%. India’s RBI has simply way too much in terms of retained earnings and buffers. In the times of a crisis, you have to use buffers. This is a crisis. This is what a buffer was meant for. I know that a vast crowd will cry tears about how this undermines the independence of the RBI or some such random spiel, but this is not a time to listen to them. It’s time for us to place money in the hands of those that will shoulder the burden, and to not let it lie in forever-unused buffers like within the RBI. Note: What about inflation, you might ask. There will be no inflation by this; none of the above will cause balance sheet expansion of the RBI. And btw, the whole world is inflating and doing so heavily. And they’re all going to support their own countries with specific packages. In that context, there is very little likelihood of any inflation – in fact we’ll have to fight deflation in a slowdown.
https://www.capitalmind.in/2020/04/how-the-government-can-get-400000-cr-to-fight-the-covid-slowdown/
submitted by tor17no to IndiaInvestments [link] [comments]

How to choose between US and EU stock listing of EU companies for Netherlands tax residents?

Hi
I am a Netherlands resident taxpayer and considering buying stocks of two EU companies ASML & Ab inbev. The plan is to buy and hold for 3-5 years and not short term trade.
I see the stock listed in both US & EU stock exchanges.
Questions
  1. How do you choose between the stock listing considering the below points?
  1. Since ASML is listed in Amsterdam stock exchange and given that I a Netherlands taxpayer, is it better to buy it from Amsterdam than US? Why? any dividend tax implication?
submitted by mrcet007 to eupersonalfinance [link] [comments]

I'm a newbie trying to enter into the investment world. Where should I go first?

I'm interested in ETFs, dividends, and I'm not too sure what else. Forex had seemed interesting for a while, but that might just be something that I push off until I get more familiar with other things first. I've read enough posts from various investment reddits that advise either to get into paper trading for at least a few months, or, even better, start with a small 100 dollar account and then scale up from there, but I was wondering what kind of books, online sources, etc I could really dig into before I try and open up an account anywhere.
I'm going to be spending some time at babypips and Investopedia for sure.
Speaking of, I'm not even too sure where to begin with that. Wealthsimple seems as much a good start, from the sounds of it. I also heard of Oanda, though that seems more like for forex trading.
submitted by OfMonstersAnd to CanadianInvestor [link] [comments]

HOW TO GROW $100 TO $2,000 IN 3 DAYS TRADING FOREX IN 2020! What Is Forex Trading & How It Affects A Dividend Stock Portfolio T2X Update Dividends Rollin in Analysis of quarterly dividend reports. Daily Analytics from Grand Capital. Forex analysis. 07/23/20 Forex Market Analysis and Forecast Key Levels, Biases for Forex Trading (26 Jul) #forex

Forex Orders. FX option expiries for Monday July 27 at the 10am NY cut; The JPY is the strongest and the AUD is the weakest as NA traders enter for the day The forex market, on the other hand, remains active round-the-clock from 5 P.M. EST Sunday, through 5 P.M. EST Friday, opening in Sydney, then traveling around the world to Tokyo, London and New York. Earning Daily Dividends in Forex. 2013-03-20 02:30:00 Rob Pasche, Forex Trading Instructor. Share: Article Summary: Buying currencies with Can you earn dividends forex trading? When people consider alternatives to ordinary stock trading, one option that commonly comes up is the currency trade. Generally referred to as the forex exchange, currency trading amounts to the literal buying and selling of world currencies (with other world currencies) with the aim of generating income ECB asks European banks to hold off on dividends and not to buy back shares until January 2021 - Calls for banks not to commit to pay dividends for the rest of the year That won't be welcome news

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HOW TO GROW $100 TO $2,000 IN 3 DAYS TRADING FOREX IN 2020!

Want dividends Crypto it. Want to Daytrade forex it. Want to secure your wealth Robinhood it. - Duration: 25:58. CyberRealEstate 18 views. 25:58. NSE Trading tips Weekly Forex Analysis 27 - 31 July Forex Trading - How you can generate big profit in Forex trading. This is one of the best guide for beginners. Very useful video on how to ... NSE Trading tips Forex Market Analysis and Forecast Key Levels, Biases for Forex Trading (26 Jul) #forex - How you can generate big profit in trading forex market. This is one of the best guide ... This videos shows you how to trade on forex with divergence. ... How To Invest With a $100 Budget (Robinhood Dividends) - Duration: 15:42. Andrei Jikh 187,247 views. 15:42. How does Forex trading work? It is simply the foreign exchange of currency well trying to make a profit. The most common Forex traded currencies include USD, CAD, EURO, YUAN, RUPEE but you can ...