Loan 

How to Qualify For a Personal Loan

Getting a personal loan is a good way to get the money you need quickly. However, you need to be aware of the different types of loans, and what you need to do to qualify. The first step is to determine your financial situation and how much money you need. Depending on the lender, you may be required to provide proof of income or employment. This can include pay stubs, tax returns, and bank statements. You may also need to provide proof of your current address. A recent utility bill,…

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Tax 

Is Loan Against Property Taxable?

A loan against property is a long-term financial commitment that can have tenures of up to 20 years. Its primary benefit is that it can help individuals meet multiple financial needs. In addition, it can also be tax-deductible for individuals. This is because home loans are deductible, as are commercial assets bought by businesses. This type of loan involves borrowing cash against your home and pledging it as collateral. The proceeds of the loan are not deductible as personal, school, or marriage expenses. While the principle repayment of a loan…

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Cryptocurrency 

How to Calculate Your Cryptocurrency Tax

When you buy or sell cryptocurrencies, you’ll have to report them as income on your taxes. It’s different than selling stock, so this type of tax is different as well. You will report the value of the cryptocurrency as the fair market value of the asset on the day of receipt. You’ll also have to report any capital gains you make. Fortunately, there’s software that will do the math for you. The IRS has created a tax form for digital currencies and you can use it to figure out your…

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Share Trading 

Should I Trade Forex Or Stocks?

One important consideration when deciding whether to trade forex or stocks is whether you want to use high-leverage trading, or a more conservative buy-and-hold investment strategy. While both are excellent choices, forex is particularly suited for aggressive traders. Stocks, on the other hand, are better suited to long-term investors. Stock prices often follow a trend and are influenced by the financial health of an individual company. However, stocks can also be impacted by wider economic conditions. If equities are rising, the local currency is likely to follow suit. Traders looking…

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Finance 

Types of Investment Opportunities

There are several types of investment opportunities for people who are looking to make money. One type of investment opportunity is the stock market, where investors can buy and sell shares. The price of stocks is set by buyers’ willingness to pay and sellers’ willingness to accept. If a stock price is falling, owners often sell their shares for a low price, creating an investment opportunity for new investors. However, the value of an investment opportunity depends on the investor’s needs and risk appetite. For example, if you can afford…

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Loan 

Fast Cash – Speedy Fast Loans App

In Kenya, the Central Bank of Kenya has barred many fast loans apps from listing themselves on the CRB. These loan apps aim to offer credit to those who need it fast, but are concerned about the amount of time they require to repay. The CRBs have now imposed tougher guidelines for credit appraisals. The app provides an instant e-approval of up to Ksh20,000 for personal loans. But the CBK hasn’t yet banned these apps entirely. Typical cash advance apps don’t check credit. Instead, they perform a cash flow analysis…

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Share Trading 

What is Online Share Trading?

If you have ever wondered what is online share trading, then this article is for you. You’ll find out the basics of this exciting field, as well as what you should look for in a brokerage account. Once you’ve signed up, you’ll be able to trade online, and make money from the comfort of your own home. But before you start trading, you should know how to pick stocks and get a feel for the software. With the help of online trading, you can easily access your portfolio and execute…

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Finance 

Trading Principles You Can Learn Online

Professional traders require a varied skillset, most of which can be taught and developed over time. Per DataDrivenInvestor, some of the more essential skills considered to be necessary for success in financial markets concern an “understanding of risk,” a “willingness to be patient,” and “willingness to take a loss” (alongside knowledge of the markets, of course). And while these are all skills and disciplines you can develop within financial circles, you can also hone them through other practices and activities –– including, as some investors will tell you, playing poker.…

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Cryptocurrency 

What is Cryptocurrency?

You may have heard of cryptocurrency, but do you really understand its underlying premise? Cryptocurrencies are digital money, not fiat currency, so their values are based on the faith of people in them. While some cryptocurrency users buy the coins with the hope of selling them at a profit, others buy them as a unit of exchange that they can use to purchase everyday things. In other words, cryptocurrency is a new form of money that anyone can use anywhere. The most common form of cryptocurrency is Bitcoin, which can…

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Share Trading 

What You Should Know About Share Trading

Before you start trading shares, it is a good idea to learn more about the process and what the fees are. Brokerage fees will be added to every transaction, and you should understand what you’re getting into before you start. You can determine how much to invest by knowing how much you can afford to lose. There are two types of brokerage fees: advisory and non-advisory. Advisory brokers typically provide their clients with more guidance, and their fee structure is more transparent. The past performance of a company’s finances can…

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