What are mutual funds?

Mutual funds are managed pools of securities that can be bought and sold on the stock market. Such securities include stocks and bonds from different companies across the globe. The investments that go into a pool must be managed by someone with expertise in identifying individual investments at their actual value. There are thousands of different funds available on the Singapore exchange, ranging in size from hundreds of millions down to just a few thousand dollars per fund. 

The number one thing you need to understand about mutual funds is that they are made up of many different stocks or bonds. As such, when you choose your particular fund, you need to keep track of its entire history because it might not perform according to your expectations at all times. It usually takes some digging on Internet databases before you finally decide.

Another difference is that there are different classes of mutual funds, and they can be traded differently. Only a few financial institutions in Singapore allow you to trade these funds, so sometimes, it pays to find out more before deciding on your purchase or sale order.

What to watch out for when buying mutual funds in Singapore

As with all investments, you need to watch out for scammers and con artists who might not give you what you deserve. There have been reports of people losing their life savings to such schemes, and I don’t want anyone else going through that experience here as well. Specific measures like buying from reputable companies and trading within legal limits (and even using legal advisors)are probably ways to keep yourself out of trouble.

The benefits of investing in mutual funds n Singapore

Mutual funds can be beneficial in a variety of ways. They tend to offer higher returns than investments such as bank deposits and fixed interest stocks. At the same time, they carry less risk than other investment types, such as individual company shares. This is because of their diversity and spread across various companies and sectors within different economies. Furthermore, the costs of running mutual funds are shared between all fund members, making it possible for individuals to get diversified exposure at meager costs if enough fellow investors participate.

The risks associated with investing in mutual funds in Singapore

Investing in mutual funds has some risks attached. The most prominent being that the investor may lose money from investing

Market risk

As the market is volatile and unpredictable, investors can see a loss if their investments are not chosen correctly. 

Product risk

Certain mutual funds can invest in products that go down significantly in value 

Operational risk

Where a fund manager may misplace your investment, this type of risk is usually mitigated by choosing a well-known company to manage your investment for you.

For Singaporeans to minimise their risks when investing in mutual funds, experts recommend that they ensure they choose one with a good track record and that they diversify their holdings.

Conclusion

We suggest that you not try investing in mutual funds until you have at least a few years of life experience under your belt because the real world keeps changing so fast it might be better to understand things first before diving headlong into this area. The good news is there are plenty of guides explaining what these funds are about and how they work online if you know where to look for them or ask around. We recommend using an experienced and reputable online broker from Saxo Bank before trading in mutual funds.

 These alerts will enable him to place traders on his or her own on time. Automated trading systems will not guarantee a forex trader 100% profit but they greatly contribute to profitable trades and this emanates from the system working articulately.

6 Advantages of Automated Trading Systems

Numerous advantages come with automated trading systems. This article will highlight six advantages of automated trading systems. 

Minimizing Emotions

The forex markets come with placing risks in the trading game. These risks may bring about both wins and losses. Losses will bring in losses hence a forex trader may have down moments after experiencing a loss. 

Automated trading systems will ensure that emotions are minimized in the forex trading process. With the trading process being executed automatically, an open auto trader will less likely doubt the process or have hesitations about it all. This helps traders have a smooth and easy time sticking to their trading plan.

The aspect of emotions being minimized comes in handy in curbing traders who most of the time tend to overtrade or buy and sell at every opportunity that arises.

Allows for Backtesting

Another advantage that comes with automated trading systems is that they allow traders to backtest. This means they can test the trades based on historical data. If backtesting is done carefully, forex traders can hence be able to align or fine-tune their trading system to go according to their expectations.

Preserving Discipline 

Automated trading systems help forex traders stick to their trading plans and not be waivered down by emotions that come by while. These emotions may come about when a trader fears getting losses or taking out their profits from their trading accounts.  Such losses lead a trader to avoid the trading game. 

The automated trading system may however pull this aside as the trader does not have to know when there are prospects of losses and hence helps a trader preserve his or her discipline in the trading game.

Improving Order Entry Speed 

The automated trading system is hands-on in terms of doing the work on behalf of a forex trader. The forex markets run 24/7 and anything could happen at any time of the day or night. It could be leading the trades towards losses or wins. 

Automated trading systems are capable of getting in or out of a forex trader in trade in case of changes automatically. This improves order entry speed for a forex trader.

Diversifying Trading 

Technology enables human beings to do tasks they would do for a longer period in the flip of a second. Automated trading systems permit forex traders to have multiple accounts while in the trading game. A forex trader can also be able to apply various trading strategies in the trading game at one time.

This hence shows that automated trading systems diversify trading by making it possible for a forex trader what would be impossible to do if he were trading manually. These systems can also scan through available trading opportunities across the forex markets. Once the automated trading system scans through the opportunities, it is capable of placing trades on behalf of a trader and be in a position to monitor the trades as well.

Conclusion 

This article discussed six advantages of automated trading systems. The six advantages are minimizing emotions, it allows for backtesting, it preserves discipline, improving order entry speed diversifies trading, and allows for multiple accounts.

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Diversification

Diversification is one of the most important safeguards for amateur investors, but many don’t understand how to do it effectively.

Diversification is not a simple matter of taking several positions within a market. You could be invested in a hundred different stocks, but if each stock’s performance is positively correlated with the overall market, then you’re not truly diversified. If the market drops, all your stocks will drop with it.

The point of diversification is to shelter you from deep losses due to unexpected market behavior. If all your investments react the same way to a change in market conditions, then your diversification is failing you.

So how do you choose investments that are truly diverse? You need to look at how your investments rate in four criteria: cost, liquidity, safety, and rate of return. If assets are different in these four categories, then chances are, they will each react differently to various market conditions.

Let’s break down each one of these criteria, using examples of real estate and stocks to show what true diversification looks like.

Cost

Cost is pretty self-explanatory: How much money does an investment require?

You have a limited set of funds with which to invest. If all your investments are high cost, chances are, you’re not going to have very many positions. You don’t need to invest in a hundred different assets, but neither do you want to invest in only two or three. In order to build an adequate number of positions within your portfolio, look for both higher-cost and lower-cost investments.

Let’s consider real estate. Are houses costly? Absolutely. For many people, a house is the largest purchase they will ever make.

Stocks on the other hand are less costlys, although it’s still fairly costly to invest at a level high enough to provide strong returns.

So far, it’s looking like investing in both real estate and stocks would be true diversification.

Now let’s look at liquidity.

Liquidity

Liquidity is how quickly an investment can be converted into cash without affecting its price—essentially, liquidity is how easy it is to buy and sell the asset.

Liquidity is important because the point of investing is to make money that you will eventually spend. Especially as you near retirement, when you will begin to draw on your investments for living expenses, you want to pay attention to liquidity. If all your assets are non-liquid, your investments aren’t going to do you much good!

Let’s return to our real estate and stocks example. Real estate is not a very liquid asset. Typically, it’s difficult or impossible to sell a house within a week or two. Anyone who does this will likely receive much less than market value. Stocks, however, are much more liquid.

On to the next criterion: safety.

Safety

Safety is a measure of an investment’s risk level.

In determining safety, consider both the amount of money you could lose and the probability of that loss. If the amount of money at stake is high, you will likely only tolerate a very small probability of loss, whereas if the amount of money at stake is relatively low, you may tolerate a higher probability of loss.

The housing crash notwithstanding, real estate usually offers a reliable income. Stocks are far more risky than real estate. They can drop in value with no warning.

We have one more criterion to consider: rate of return.

Rate of Return

Rate of return is the profit on an investment. When considering rate of return, think in terms of one year or longer. Also consider any relevant fees and expenses.

For real estate, in the United States, the national average is 4 percent growth in house prices per year. Stocks have the potential to deliver a higher rate of return than that.

So in all four criteria, real estate and stocks are different, giving a strong indication that investing in both would provide diversification.

Diversification in Action

What does diversification look like in practice? A typical client of mine wants to spread their risk across a range of sectors. They build a diverse portfolio of stocks, with some positively correlated and others negatively correlated to the market (meaning that when the market goes up or down, some stocks will move with the market, and some stocks will move in the opposite direction). The client may also own a business and some real estate. They keep cash and capital in distinct markets with a percentage of their investments in lower-risk areas such as bonds.

There’s a good mix of assets in terms of cost, liquidity, safety, and rate of return. Should we encounter a recession, their business may suffer somewhat. On the other hand, the value of their real estate may remain strong. Some of their stocks will drop in value, whereas others—if they’re properly correlated—will hold steady or even grow.

By choosing your investments wisely, considering these four criteria, you will be well on your way to achieving a diversified portfolio that will protect you from deep losses.

For more advice on diversification, you can find Navigate the Investment Jungle on Amazon.

How to Get a Student Loan

For most students, going to college means getting a loan or a series of loans. Tuition is expensive, and to graduate on time with good grades means working while school is in session may not be the best choice. Students are forced to choose between going to the school of their dreams and enrolling in a school they can afford unless they can work out a plan to finance that education in a way that won’t break their financial bank. That’s where school loans come in.

Finding a loan to finance an education should be taken seriously. There are options and alternative lenders such as King of Kash are available. Unfortunately, when students don’t get the right information, they may have to sell themselves short. Here are ten tips to help every student find a loan with favorable terms.

1. Start looking for a student loan as soon as possible.

Financing an education should be the top priority, and looking for a loan with good terms should top the list of ways to help a student get through college. Even though it takes time to receive the financial aid package from the chosen college or university, it doesn’t pay to wait until it arrives to start looking. Gather a list of viable lenders before that package comes. Once the difference between what aid is available and what the total costs are is known, it’s time to start negotiating.

2. Look for loans from your local lending institutions.

Students and their families may have long-standing relationships with their local banks or credit unions. Find out how much these institutions can provide in terms of student loans. The interest rate may be more affordable when financial interactions have been in place for a long period of time. Some of these institutions may also offer scholarships to their customers. It is worth checking out.

3. Ask someone with solid established credit to be a cosigner.

Many students don’t have a choice. They have little or no credit and must have a cosigner. The quality of the cosigner’s credit will affect the interest rate on the loan received. The cosigner must be aware of the risks if the student doesn’t repay, so start establishing a good credit rating while young. Good repayment habits now mean a better chance at a lower interest rate. Over the long haul, those interest payments add up. Don’t sign your life away by not paying off bills now.

4. Reevaluate the financial situation every year when a new loan is sought.

Keep in mind that loans for college are needed every year. A bulk sum is not paid out in advance for the full four years. Every year, the financial situation changes. That’s why it’s so important to keep shopping for the best terms. It isn’t necessary to stay with the same lender if a different lender has better terms this year than the did the year before. Keep a file of potential lenders available and review it prior to enrollment on an annual basis.

5. Have arrangements in place to pay the loan off as soon as it is taken out.

Many students think that delaying payments on student loans until they graduate is a good idea. That isn’t necessarily true. The sooner payments are made, the sooner those loans will be gone. Start paying them off early, and always pay more than the minimum amount to pay them down rapidly. Minimum payments mean that loans can linger for years and prevent students from moving on with their lives.

6. Do not borrow more than is needed.

It’s tempting to borrow the maximum. Having extra money available for a fun night or an emergency is comforting. However, extra money tends to get spent just as quickly as necessary funds. Unfortunately, that extra money comes with a built-in interest rate. Develop a budget and take out exactly the amount required to get through the year. Be frugal, and consider working a job a few hours a week to cover those extras and emergencies.

7. Loans are more than just the interest rate.

The interest rate is very important when taking out a loan. However, there are other financial aspects to consider. Read the fine print to find out if there are any fees. Some of those fees can be exorbitant and make a seemingly low interest rate much less important. Look at the fees and the schedule before signing on the dotted line.

8. Some loans have deferred interest that can save a lot of money over time.

When it comes to student loans, some institutions don’t start charging interest until after a student graduates from college. Those loans can save a lot of money over time. Never neglect to ask about this perk when applying for credit. It’s possible to graduate without worrying about how much the loan amount is increasing while studying.

9. Use the consolidation process to better manage student loans after graduation.

Instead of having numerous loans to make payments on after graduation, why not gather them together and make one lump sum payment each month? It’s easier to manage and a schedule for pay off can be easily implemented. The best time to set this up is in the senior year.

10. Pay the loans off quickly after graduation.

Make it a goal to pay those loans off as rapidly as possible after graduation. That way, they won’t be hanging over your financial head. Student loans paid off in a timely way deliver great credit scores and make it possible to move forward and buy a home.

Keep these tips in mind when getting ready to take out a loan for college. Education is expensive in this country, but it can be obtained affordably when the right mix of aid and loans is found. Instead of worrying about finances at the last minute, careful research before starting school makes all the difference now and in the future when those notes come due.

Custom Tax Software

Today, there are plenty of popular tax software programs for sale online or in stores. While these programs perform a specific set of functions, they are generalized to serve a wide range of individuals or businesses. However, every business has its own unique set of challenges and needs.

A standard tax services program may not fit every business need. Also, software systems that are generalized lack special features that can boost efficiency or provide growth-related flexibility. With custom tax solutions, there are plenty of useful features that are created to fit the unique needs of a business.

Role of Technology in Taxes

The world of tax solutions is always changing and evolving with reform plans and legislative changes. To add to the complexities, technology is also evolving continually. Merging technological developments with various tax solutions is a challenge for people who use a generalized software.

Digital tax software is a disruptive trend that is allowing real-time visibility, analytics, and accessibility. As the demands for these benefits grow, tax functions must be able to operate on a variety of fronts. This is where customization is important.

You May Read: Making Tax Digital: 5 Useful Tips

Today, more businesses are looking for ways to leverage technology to make tax-related tasks more effective and efficient. Trying to do this while meeting real-time data requirements is a challenge. More in-depth solutions are coming from emerging technology trends, such as artificial intelligence, block-chain, and robotic process automation.

These technologies can help businesses manage risks more effectively and gain access to important insights. For example, block-chain offers stronger verification, visibility, and tracking for transactions. In tax-related technology, it can help companies shift away from old methods of financial data gathering or analysis and move toward real-time and public transaction visibility that is secure. This could help eliminate mistakes, fraud, and other risks.

Next, consider AI. In tax applications, it can improve the decision-making process. AI can be used with tax codes, administrative guidelines, case law, and a variety of other applicable information. It can also be programmed to analyze, sort, and report data to help software users make more informed decisions regarding your business faster.

Additionally, RPA is useful for developing tax bots that utilize important information and programming to perform specific tax functions. Bots can boost sales and use compliance, tax compliance, and more. Tax bots can reduce human capital demands, which can also reduce a company’s payroll costs.

Benefits of Custom Tax Software

Some additional and specific benefits may apply to users based on their individual needs. However, these are the top five benefits of a customized tax software program.

Personalization

Users have the assurance that the program is fit to handle daily operations and processes. Depending on the needs of the user, it can be intuitive and designed for beginners or complex and designed for seasoned tax professionals. With a program that is designed to meet all specific needs, it makes the day easier for anyone who uses it.

You May Read: Tax Penalties for Small Businesses

Process Integration

One of the biggest problems with generalized software is that it usually takes multiple programs to handle connected processes. However, a customs tax software solution can encompass a wide range of functions in one simple program. This boosts efficiency and eliminates some potential incompatibility issues.

Scalability

As businesses grow, their tax needs change and become more complex. Also, specific businesses may develop additional challenges or needs. As growth continues, it becomes increasingly difficult to find the right off-the-shelf tax program. Additionally, it can be challenging for the staff who use it to learn a new program. With customized tax software, a developer can design it to be scalable to fit future growth projections.

Cost

Since a custom program is scalable, designed to handle multiple processes, and designed for a specific level of understanding, it is more efficient in terms of costs. This is true for short-term and long-term expenses.

Support and Security

General tax preparation software is sold to thousands of people, and the tech support demands often leave users not getting useful solutions and unnecessarily spending time trying to work around issues. With custom programs, there is more dedicated support, and the support staff understands the individual aspects of the program. Additionally, since hackers are more familiar with popular programs and less familiar with custom programs that have solid security features, custom tax programs are not as vulnerable to data breaches.

Key Features That Tax Software

As business owners, CEOs, or CFOs search for custom tax software, there are several features to look for. These are some of the most useful options for a comprehensive and efficient program.

· Education

While custom tax software can be designed to be intuitive and easy for beginners to use, there should be clear and thorough educational tools for on boarding new users or answering questions. Also, there should be current educational tools for tax, legal, and other related industry education and updates.

· Practice Management Tools

Many businesses lose money because of poor productivity in tax and accounting tasks. With practice management tools that are designed to fit specific needs, there are fewer tasks to unnecessarily consume time that workers could be spending doing something else.

· IRS Notices

When businesses receive notices from the IRS, it is critical to understand what they mean and how to respond appropriately when necessary. A custom tax program should include a tool that gives these insights and provides information about notices that were received in the past.

You May Read: Dealing With IRS Tax Issues

· IRS Filing

In addition to having filing capabilities, the program should have resolution tools and information. For example, a company may face the process of dealing with collections, an offer in compromise, or another IRS program in the future.

· Updated Forms

It is important to work with the right forms, and a program that is regularly updated is essential. Also, it is helpful to have a program with a database of a wide variety of IRS forms.

· IRS Form Functions

Form requirements can be difficult to remember. When this issue is combined with complex tax issues, it can create a lot of extra research and work for tax prepares. If a program has tax analytics, resolution tools, and form filling assistance, extra work is minimized.

· Office Management

Programs can be designed to boost office communication and provide a way to share documents securely. When multiple people are involved in tax and accounting issues, it is important to have clear communication and management tools that boost efficiency and reduce communication-related mistake risks.

· Support

Quick customer support solutions should be available. FAQs, chat options, email and phone contact are important options. Also, the quality of customer support should be good. With companies that provide custom software, customer support policies tend to be stronger.

Conclusion..

With the many benefits of customized tax software, it is a must for every business that wants a solid long-term survival strategy. It reduces costs, boosts efficiency, and can reduce the risks of costly mistakes.

For the longest time, my husband and I had simple Tracfone flip phones in case of emergency.  We mainly used them just to keep up with one another, if necessary.  We didn’t even have texting.  But then my husband found it necessary to have a cell phone for work.  We didn’t want to be strapped to a cell phone provider who would charge us a hundred dollars a month or more, so we decided to go with Ting, which has no contract requirement.  I love to share with people how we save money with Ting as our cell phone provider because it helps us maintain a modest budget.

How We Save Money with Ting as Our Cell Phone Provider

We’ve upgraded to smart phones.  We can now text, call, search the internet, etc. just like most people in the United States.  However, by using Ting, we’ve found several ways to cut our costs.

Basic Ting Services and Charges

Ting is a provider who charges based on your usage.

Phone Line Charge

Each line that you have on the plan costs $6 a month.  So, for my husband and I, there are two lines.  We pay $12 a month for these.

Talk Minutes

There are also base rates for the minutes that you use to talk on your phone.

• 1 to 100 minutes = $3,
• 101 to 500 minutes = $9,
• 501 to 1000 minutes = $18, etc.

Texts

And there are base rates for texts.

• 1 to 100 texts = $3,
• 101 to 1000 texts = $5,
• 1001 to 2000 texts = $8, etc.

In addition, you will also pay taxes and regulatory fees monthly.

Limit Our Usage

Since Ting is basically a pay as you use provider, we try to limit our usage to keep our bills low.  From October 2019 to February 2020, our monthly bill averaged $63.  The highest bill was $84 in October when I was traveling, and the lowest was $46.

Once the pandemic hit and we began to stay home most of the time, our monthly bill dropped to $30.

If you want to focus on keeping your bill low, you can set up usage alerts, such as an email sent to you once you use 450 megabytes, so you don’t go over the 500 megabyte limit before moving into a different charge rate.

You can also enable settings that don’t allow you to make any more texts after a certain number, etc.  This is very helpful if you have teens on your plan.  This allows you to keep their usage within the confines of your budget.

Basic Phones

Ting also sells phones.  My husband and I try to go with the most basic model available.  The current phones we use cost less than $200 apiece.  (We bought them during a sale Ting was having.)

We also use a cell phone case to keep our phones in good shape.  My husband and I have both dropped our phones, but they were not damaged thanks to the cases.

Final Thoughts

While we wanted more modern cell phones, we didn’t want to pay a lot for them every month.  The strategies given above are how we save money with Ting as our cell phone provider.  Ting is not in every area, but you can see if they’re in your area by entering your area code on their website.

Upstox Pro Web 3.0 is an excellent and advanced feature-based trading platform. It is the first and foremost web browsing trading platform that enables traders to trade securities online. It’s an HTML based version that supports almost every web browsing service like Google, Mozilla, and Safari. Upstox also offers a full demo of their trading platform so that the traders can understand their offerings in detail. There is no doubt that Upstox Pro Web 3.0 is a sophisticated and extraordinary trading platform in the trading world. It comes with some amazing and compelling technical indicators and tools that make buying/selling and analyzing securities hassle-free. After signing up for a Demat account only, you can place the orders with the Upstox Pro Web 3.0.

Upstox Pro Web 3.0

In a highly volatile market, traders need a trading platform that helps them in making spontaneous decisions and buy/sell orders at one click. With these requirements in mind and to improve the trading experience for users, Upstox has reworked and came with the Pro Web 3.0 version. This tool has incorporated many compelling features that make the process of placing orders, analyzing and seeing portfolio history hassle-free. This trading platform has gained huge acceptance in the market by providing advanced charting tools, unlimited watchlist, and options chain with strategy mode. The updated version is packed with powerful trading tools and features that make the overall trading process easier.

Upstox Pro Web 3.0 Highlights:

• This web-browsing trading platform has come up with some highly advanced charting tools that are collaborated with dependability and speed. It helps traders in analyzing stocks values and making right investment decisions.
• The updated version Pro Web 3.0 is known for its user-friendly interface and powerful trading features. Everything is clean and uncluttered so traders can easily comprehend the features.
• By offering real time-based suggestions on the market, it helps traders to make spontaneous decisions when the market is highly volatile.
• This trading platform is ideal for beginners because of its easy-to-use interface and industry-first features that allow hassle-free trading.
• Traders who trade-in options can now select multiple contracts and place orders at one click by using its option chain strategy mode. Now, you can buy the multiple contracts simultaneously and even change its value at the time of placing orders.
• Its advanced features like technical indicators and charting tools are actually supportive and easy to access. By using these features you can analyze the market to make a profitable trading decision.
• With Pro Web 3.0, you can see the real-time stock market status. Now, traders don’t need to watch news channels to see market updates.
• The charting tool of the Pro Web 3.0 makes it easy to assess the past market performance to predict future movements.

Upstox Pro Web 3.0 is updated to provide professional trading experience to the traders. It’s modern features, responsive design, and platform-independent functionality reflects this point. There is one feature in Pro Web 3.0 that has gained huge acceptance in the market i.e., option chain strategy mode. Let’s understand briefly about this.

Option chain with strategy mode:

Upstox Pro Web 3.0 is known for giving the best charting tools and technical indicators that provide you informed stock market decisions. The sole purpose of this tool to make the trading process easier and interesting. Apart from this, the very exciting feature that has created a remarkable impact on the traders is the option chain strategy mode. The functionality of this feature allows you to select the multiple contracts simultaneously and alter and place orders at one click. Traditionally, traders had to select one contract at a time and then place it. But, this feature allows them to select and place 4 contracts at a time. Along with that, you can add or reduce the quantity of the contracts while placing orders. Traders who trade in options already know the importance of this feature because it saves their time and allows them to place orders quickly. In options trading, traders bet on the movements of the market. It’s highly volatile because prices swing ups and down rapidly. Before the option chain with strategy mode, traders were unable to select multiple contracts at a time. Along with that, they didn’t have an opportunity to add or reduce the volume of the contracts while placing the orders. But, thanks to Upstox Pro Web 3.0 that allows traders to select multiple orders, alter the volume, and place orders at one click.

There are so many trading platforms out there on the internet, but Upstox web 3.0 is the only one that has come with this exciting feature. You will see this feature in the trading platform in the upcoming years, but the functionality that Pro Web. 3.0 is giving you is utmost.

New advanced features of Upstox Pro Web 3.0 trading platform:

Following are the new and exciting features of the Upstox Pro Web 3.0 platform:

1. Two chart libraries:

The new Upstox Pro Web 3.0 has come with customized multiple charting tools that allows traders to see the charts as they want. You can execute the charting tool you prefer, either Tradingview.com or ChartIQ library.

       2. Modification of bracket orders:

This updated Upstox Pro Web 3.0 is designed to reduce the complexity of modifying the bracket orders once they are placed. When you trade-in multiple parts, these orders are scattered into many separate orders. With the modification of the bracket orders feature, you can modify all orders in one place.

       3. Pin stock to your watchlist:

With Pro Web 3.0 pin stock features, you can symbolically identify your favorite stocks and keep tracking them round the clock by pinning them to your watchlist

        4. View recent payment history:

Many a time, traders only need to view the recent portfolio history to take some calculative action. Traditionally, they had to view the complete payment history and find the recent one but Pro Web 3.0 allows traders to view the latest 10 transaction history with ease.

        5. Toggle view in watchlist:

By adding advanced toggle features in this updated version, Upstox has an extra boost to your analysis. Now, with the toggle view, you can switch from volume to price or price to volume hassle-free.

        6. View your orders and portfolio history alongside with scrip details:

Now you don’t need to open multiple tabs to view portfolio history, orders, and scrip details. Upstox Pro Web 3.0 allows you to view all the trading information in one place.

        7. Send feedback button:

Traders can share their queries about the services instantly by clicking on the feedback button.

Conclusion

With the Upstox Pro Web 3.0 update, Upstox has aimed to enhance the user experience. The advanced features like options chain strategy mode and powerful tools like multiple charting libraries have made the trading process more intuitive. Right from analyzing market movements to placing orders, everything is simple and available at one click. All in all, these new features will not only offer a seamless experience to the traders but also help them make spontaneous decisions during highly volatile market movements.

Upstox Pro Web 3.0 is an excellent and advanced feature-based trading platform. It is the first and foremost web browsing trading platform that enables traders to trade securities online. It’s an HTML based version that supports almost every web browsing service like Google, Mozilla, and Safari. Upstox also offers a full demo of their trading platform so that the traders can understand their offerings in detail. There is no doubt that Upstox Pro Web 3.0 is a sophisticated and extraordinary trading platform in the trading world. It comes with some amazing and compelling technical indicators and tools that make buying/selling and analyzing securities hassle-free. After signing up for a Demat account only, you can place the orders with the Upstox Pro Web 3.0.

Upstox Pro Web 3.0

In a highly volatile market, traders need a trading platform that helps them in making spontaneous decisions and buy/sell orders at one click. With these requirements in mind and to improve the trading experience for users, Upstox has reworked and came with the Pro Web 3.0 version. This tool has incorporated many compelling features that make the process of placing orders, analyzing and seeing portfolio history hassle-free. This trading platform has gained huge acceptance in the market by providing advanced charting tools, unlimited watchlist, and options chain with strategy mode. The updated version is packed with powerful trading tools and features that make the overall trading process easier.

Upstox Pro Web 3.0 Highlights:

• This web-browsing trading platform has come up with some highly advanced charting tools that are collaborated with dependability and speed. It helps traders in analyzing stocks values and making right investment decisions.
• The updated version Pro Web 3.0 is known for its user-friendly interface and powerful trading features. Everything is clean and uncluttered so traders can easily comprehend the features.
• By offering real time-based suggestions on the market, it helps traders to make spontaneous decisions when the market is highly volatile.
• This trading platform is ideal for beginners because of its easy-to-use interface and industry-first features that allow hassle-free trading.
• Traders who trade-in options can now select multiple contracts and place orders at one click by using its option chain strategy mode. Now, you can buy the multiple contracts simultaneously and even change its value at the time of placing orders.
• Its advanced features like technical indicators and charting tools are actually supportive and easy to access. By using these features you can analyze the market to make a profitable trading decision.
• With Pro Web 3.0, you can see the real-time stock market status. Now, traders don’t need to watch news channels to see market updates.
• The charting tool of the Pro Web 3.0 makes it easy to assess the past market performance to predict future movements.

Upstox Pro Web 3.0 is updated to provide professional trading experience to the traders. It’s modern features, responsive design, and platform-independent functionality reflects this point. There is one feature in Pro Web 3.0 that has gained huge acceptance in the market i.e., option chain strategy mode. Let’s understand briefly about this.

Option chain with strategy mode:

Upstox Pro Web 3.0 is known for giving the best charting tools and technical indicators that provide you informed stock market decisions. The sole purpose of this tool to make the trading process easier and interesting. Apart from this, the very exciting feature that has created a remarkable impact on the traders is the option chain strategy mode. The functionality of this feature allows you to select the multiple contracts simultaneously and alter and place orders at one click. Traditionally, traders had to select one contract at a time and then place it. But, this feature allows them to select and place 4 contracts at a time. Along with that, you can add or reduce the quantity of the contracts while placing orders. Traders who trade in options already know the importance of this feature because it saves their time and allows them to place orders quickly. In options trading, traders bet on the movements of the market. It’s highly volatile because prices swing ups and down rapidly. Before the option chain with strategy mode, traders were unable to select multiple contracts at a time. Along with that, they didn’t have an opportunity to add or reduce the volume of the contracts while placing the orders. But, thanks to Upstox Pro Web 3.0 that allows traders to select multiple orders, alter the volume, and place orders at one click.

There are so many trading platforms out there on the internet, but Upstox web 3.0 is the only one that has come with this exciting feature. You will see this feature in the trading platform in the upcoming years, but the functionality that Pro Web. 3.0 is giving you is utmost.

New advanced features of Upstox Pro Web 3.0 trading platform:

Following are the new and exciting features of the Upstox Pro Web 3.0 platform:

1. Two chart libraries:

The new Upstox Pro Web 3.0 has come with customized multiple charting tools that allows traders to see the charts as they want. You can execute the charting tool you prefer, either Tradingview.com or ChartIQ library.

       2. Modification of bracket orders:

This updated Upstox Pro Web 3.0 is designed to reduce the complexity of modifying the bracket orders once they are placed. When you trade-in multiple parts, these orders are scattered into many separate orders. With the modification of the bracket orders feature, you can modify all orders in one place.

       3. Pin stock to your watchlist:

With Pro Web 3.0 pin stock features, you can symbolically identify your favorite stocks and keep tracking them round the clock by pinning them to your watchlist

        4. View recent payment history:

Many a time, traders only need to view the recent portfolio history to take some calculative action. Traditionally, they had to view the complete payment history and find the recent one but Pro Web 3.0 allows traders to view the latest 10 transaction history with ease.

        5. Toggle view in watchlist:

By adding advanced toggle features in this updated version, Upstox has an extra boost to your analysis. Now, with the toggle view, you can switch from volume to price or price to volume hassle-free.

        6. View your orders and portfolio history alongside with scrip details:

Now you don’t need to open multiple tabs to view portfolio history, orders, and scrip details. Upstox Pro Web 3.0 allows you to view all the trading information in one place.

        7. Send feedback button:

Traders can share their queries about the services instantly by clicking on the feedback button.

Conclusion

With the Upstox Pro Web 3.0 update, Upstox has aimed to enhance the user experience. The advanced features like options chain strategy mode and powerful tools like multiple charting libraries have made the trading process more intuitive. Right from analyzing market movements to placing orders, everything is simple and available at one click. All in all, these new features will not only offer a seamless experience to the traders but also help them make spontaneous decisions during highly volatile market movements.

Outsource Accounting During Covid-19

Coronavirus pandemic has become a crippling reality and the way it has impacted the entire world is almost devastating. Businesses, like every other thing, have also been affected by this pandemic. While most businesses face the problems in maintaining their clientele, others face problems with product or their service delivery. However, one thing that has come across as a relief for the businesses is the accounting outsourcing. Pandemic or no pandemic, managing the accounts of businesses is significant for businesses. Small businesses, who are already in a state of irreparable loss, may not be able to get the right kind of accounting services due to lack of capital.

Accounting outsourcing has come across as a beneficial breakthrough during these times of struggle. With the outsourced accounting services, there has been a number of benefits that the businesses are able to extract. Most small and moderately-sized enterprises who have lost a significant amount of their money and clientele as well as have a reduced cash flow in the last few months are being benefited by London based accountants. As accounting remains one of the most integral parts of a business, the need for flawless accounting is also a priority for every business. While bigger corporations are able to walk through this time with the help of their in-house accounting departments, the real struggle is with the small businesses as well as the moderate-sized businesses. However, these businesses are being benefited by the outsourcing firms.

Listed below are some of the benefits that the outsourcing companies are offering to the businesses struck with Covid-19.

Reduced the Extra Cost

In-house departments of a company add up to the total expenditure of the company and it becomes extremely problematic for the small businesses to manage such type of expenses. Larger corporations manage this but the smaller companies aren’t able to cope up with this. This is the time when the businesses have to be more than careful about saving their expenditure. Being watchful of their expenses is one of the smart ways with which they can have a careful planning of their unnecessary as well as variable expenses. Reducing the extra costs is more than important at this point of time.

While trying to watch the business and the expenses, there are chances that business owners may not be able to properly watch their accounts. As we have already mentioned that larger corporations can still manage their cash flow in times of crises but smaller businesses can get absolutely crushed under such circumstances. To avert this, accounting outsourcing can turn out to be extremely beneficial for the small businesses. They not only help the businesses in cutting down the possibility of any extra cost but make sure that the task is done flawlessly. Saving money is of utmost importance for businesses at this point of time and the best way businesses can ensure the reduction of the extra cost is by outsourcing the accounting services.

Expert Assistance

In these times of need, the companies require an outlook that can help them in staying stable and for their accounts to be managed flawlessly. There are many procedures that are associated with the accounting and finances of the businesses. Crises has everything crippled whether it is the incoming cash or the potential future investments. This is when the businesses are in need of expert assistance so that the businesses can become stable and begin again towards thriving in their respective league.

The outsourcing companies have professionally equipped and trained experts who guide the clients regarding their business accounts and also help the businesses in managing their accounts effortlessly. Managing and taking proper care of accounts are significant for every business and with an outsourcing partner, all these problems are ruled out. Outsourcing ensures that expert assistance is given to the businesses so that there aren’t any problems that the business owners have to go through while managing their accounts.

Cutting Time and Labor

During this time, there are several responsibilities upon the business owners. You wouldn’t want to get burdened by accounting procedures as they are quite taxing. Everyone knows that accounting procedures are time-consuming as well as quite laborious. But we all know how significant these procedures are. Just because accounting procedures are taxing and laborious doesn’t mean that these procedures should be ignored. For every company, irrespective of the industry, accounting acts as one of their basic frameworks which is why it is extremely important to maintain the accounting procedures.

While accounting procedures are extremely laborious, it can be exhausting for the business owners themselves to manage these procedures but with the help of an accounting outsourcing partner, one can get to save time and cut the mental and physical labor of accounting. The outsourced accounting services ensure that all the procedures are undertaken without inaccuracy and the records are managed without putting the owners through any trouble. Outsourcing companies have professionals who hold expertise in handling accounting procedures and manage everything effortlessly.

Reduction in Risks

Outsourcing simply aims at benefiting the businesses. In times like these when the whole world is at the edge of an economical and health crisis, one cannot afford to lose anything. This is the time when one should focus on reducing any possibility of risks that may come their way. Businesses are always going to be risky and now, it is riskier than ever. Outsourcing helps in decreasing the possibility of risks as you will be sharing the possible endeavors and the risks of business investment with your outsourcing partner.

An ideal accounting outsourcing company is going to offer advice and risk management as well. Hence, it is also advised to choose a company that is right and offers optimum services related to accounting. With the right company, the company or business owners will have access to trained and skilled professionals who will share their expertise with the business owners and make sure that any potential risks towards the business are reduced.

In addition to all the above-mentioned points, there is also access to the latest technology that helps the businesses in a smooth management of their accounts. There are several accounting software packages and solutions that are exclusively designed to tackle the accounting procedures. With the help of accounting software solutions, the business owners can be assured of enhanced accuracy in results and record keeping.

Not just for increased efficiency but also to manage the accounting procedures as per the latest industry standards. There are constantly changing regulations regarding accounting procedures of corporations depending upon their output and investment. It is important for the company owners to process as per the changing regulations and to keep compliance with them. The outsourced accounting service providers utilize latest technologies for the accounting procedures and thus, it turns out to be beneficial for the companies.

These are just a few benefits of accounting outsourcing. There is a wide range of benefits that outsourcing offers to the businesses which has turned out to be very beneficial to SMEs. Coronavirus may have crippled the economy of the entire world but it shouldn’t stop people from coming back to their normal routine. Businesses have always thrived with the right techniques and strategies and this is one of those times when getting back into the grind will take a lot of time but with the help of proper outsourcing and just the right business strategies, it is going to get back to normal soon. While this may take some time, let us be hopeful towards a better future.

Personal Loan Default

Feels like yesterday when it was onerous and challenging to connect with people around the world and now, everything is at one’s fingertips. The lifestyle has changed tremendously over time. The current consumption pattern is substantially different from that of the 80’s or the 90’s. Whole paradigm of demand and supply has shifted to a new tangent.

While the demands were strictly restricted to necessities and any luxury which was not considered to be a necessity, or anything that was not important for survival was not looked at. In this era, people are working day and night not just to survive but to enjoy the luxuries of life as well and why shouldn’t they? With credit being available and easily accessible nothing is out of one’s reach. The stigma attached with borrowing from financial institutions is thinning continuously. With increasing awareness, people are inclining more towards taking loans from banks rather than relying on local moneylenders and landowners.

Banks are coming up with more feasible offers every second day and making our lives easier by availing options for us to buy the things we have been dreaming of since a long time. Let it be a home, your children’s education, a car, a small rough patch of cash crunch faced or any other personal need for which you need financing, loans are there to help us in such a situation.

With a sudden surge in the demand for loans witnessed by the banks, one of the most popular forms of loan that people consider a lot is personal loan. Personal loan offered by banks and NBFCs (Non-Banking Financial Companies) is a loan given to the customers to meet their personal needs. Unlike an education loan or an auto loan where the reason for taking the loan is quite fixed and the purpose is solely buying an automobile or education. A personal loan works almost like any other loan except here the flexibility of using the funds in case of a personal loan is in the hands of the customer.

The loan when taken has to be repaid. The principal amount is paid along with the specified interest rate as per the personal loan agreement. There may be situations where a person may not be able to repay the Equated Monthly Installments (EMI) or commonly called installments, or makes a default in the said payment of the personal loan. Loan default happens when a loan is not paid for a certain period of time. A customer may fail to pay a portion or the entire personal loan.

There are many reasons due to which a person may not be able make payments, some of them are as follows:

The Personal Loan Interest Rate that is not a problem initially can become a burden for the borrower at the later stage of repayment of the personal loan. The customer may not have the capacity to repay due to any personal reasons.

The size of the loan sanctioned can also be a problem as the customer might not be in a situation to make up to the amount borrowed. It may happen that at the time of taking the loan it seemed feasible but later starts hampering with their situation.

Not a lot of people get away from claws of recession that easily. It affects a huge chunk of the society in an adverse way. People end up losing their jobs, businesses take a hit. A person who has taken a loan may not be able to keep up with payments during this phase of the business cycle.

The error can be from the bank’s side. If the customers are not making prompt payments and the bank of the NBFCs are doing nothing to keep them in check, in such a case the banks are also responsible to monitor and take steps necessary to keep a track of installments made and yet to be made by their customers. The internal control system of the banks must be strong enough to avoid any such situation.

Personal loans are a bridge between your desire and funds required to fulfill that desire but one should always keep in mind that a loan agreement is a legal contract and when a customer makes a default and the payment is overdue, the banks or the NBFCs have every right to take a legal action if the matter goes out of the hand. The case of default is transferred debt collection or recovery agents.

It is of grave importance for the borrowers to know their rights in case of default. Some of the rights are:

1. RIGHT TO COMMUNICATE WITH THE LENDER

In case a borrower is not able to keep up with the repayment schedule, he/she has the right to communicate with the lender regarding the loan. The borrower can ask the lender to negotiate new terms and restructure the repayment schedule of the personal loan. The lender may provide the customer with a longer tenure for the personal loan.

2. RIGHT TO RECEIVE NOTICE

If the borrower has failed to pay the Equated Monthly Installments (EMI) for three consecutive months, in such a case the lending institution has to make sure that they notify the borrower and they give them a notice period of 60 days, during which they are not allowed to auction off the collateral.

3. RIGHT TO ENSURE FAIR AUCTION OF COLLATERAL

The bank or the NBFC have the right to sell the collateral only when there has been no negotiation regarding extending the term of loan repayment or the customer has acknowledged the 60 days notice period but not in a state to repay at all. The borrower has the right to ensure that the collateral is valued fairly and then sold.

4. RIGHT TO BE HEARD AND TIMELY REDRESSAL

The borrower has the right to be heard. The inquiries or objections raised by the customer have to be considered and answered in a timely manner.  The customer has to be updated about the possession of their asset.

5. RIGHT TO FAIR TREATMENT

Just because a customer has made a default, the banks have no right to treat them any differently or in an inhumanely manner. Any person who has made a default and is not being treated the way they should be, can file a complaint against the institution.

Taking necessary and prompt actions is the need of the borrower as far as failing to repay the personal loan amount is concerned. A single mistake and the tag of ‘loan defaulter’ may scare you for the rest of your life. It is crucial for one to know their rights as a personal loan defaulter, provided to them by the law.