Author: retireyoung team

The concept of building distributed teams has become increasingly popular in recent times. With the world today embracing a global workforce, more and more businesses are taking off on an offshoring pilgrimage, maneuvering through the plethora of overseas offerings that are available. Different models, geographical locations, and blurry track records all intersect in ways that are extremely difficult to untangle. This collection of offshoring terms provides the first tentative step towards defining vendors and making an informed decision for moving parts of your business elsewhere. 1. Outsourcing Among the many different terms under the offshoring umbrella, outsourcing has perhaps been the most…

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The oldest rule for thinking about how to start investing money is also the simplest: “Buy low, sell high.” While it seems blindingly obvious and begs the question of why anyone would want to do anything else when investing, you might be surprised how hard it is to put into practice. Investing is a discipline which plays not only on astute analysis and remarkable luck but also on people’s behavioral responses. Holding onto your stocks during periods of intense market volatility takes a lot of courage and isn’t what the human brain is wired to withstand. But how do you…

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When payday arrives, do you give every dollar a job? Does your budget, more or less, account for all of your needs (even the less frequent, larger expenses)? Do you adjust, as necessary, so that your income supports the things that you need and want the most? And, finally, do you live comfortably on last month’s income (or you’re working toward it)? If you answered “yes” to these questions, awesome. Budgeting, alone, can work miracles in terms of boosting your happiness and financial security. … now, how about taking the next step? You Need Some Investments As a budgeter, you…

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I have been a part-time stock trader for about 5 years now. I have made tens of thousands of dollars swing trading small cap stocks (usually buying and holding for 1-4 days). These stocks are highly volatile, which gives me the opportunity to make 10% gains on a position in just a few days. But with high reward there is always some risk. In this article, I want to show you the three main stock trading patterns that I trade. These are high probability patterns that have proven very profitable for me. My Three Favorite and Simple Stock Patterns A few years…

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The common saying goes, “You need money to make money.” When it comes to investing, this claim stands true. You need some initial money to invest to make that amount grow. When people pay fees to invest, that chips away at returns. These charges may include transaction fees, management charges, annual fees and more. When all else is equal in an investment, the less you pay in fees, the greater your overall returns. Fortunately, it’s possible to avoid all of these fees and maximize your profits through today’s best free stock trading apps. Take a look below at the best…

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Tax havens are jurisdictions that impose few if any taxes on foreign individuals or companies. This has made those countries and other areas attractive locations to place assets over the long term. In the Caribbean alone, several countries are viable tax-havens. Here are ten examples that deserve your attention. 1. Anguilla If you’re looking for a zero-taxation situation for your offshore resources, Anguilla is at the top of the list. Any income generated by offshore companies outside the country is considered free of any tax obligation. If the offshore company is incorporated within the country, there are also no stamp…

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Are you contemplating storing your money in an offshore bank account? What country’s banking institutions should you trust with your cash? What is the best country for offshore banking? Here are the top 10 countries for opening offshore bank accounts. Also if you haven’t registered your business anywhere particularly yet, consider these countries for offshore company registration as well, as this might directly impact which offshore bank account you can use. 1. Hong Kong Hong Kong is an incredible option for offshore banking. As one of the most profitable and popular financial centers in the world, Hong Kong offers many…

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A trustee is an institution or person (like a bank or trust company) placed in charge of managing the property and other assets placed in a trust for the benefit of someone else (known as the beneficiary). Trustees have the fiduciary duty to put aside their personal goals in order to do what is best for the trust. Trustees are held to a very high standard of honesty. Responsibilities of the Trustee The trustee is ultimately responsible to the beneficiaries for sensible and judicious management of the trust assets. Some principal responsibilities of a trustee are: They must keep separate checking…

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Inflation is the process by which a currency like the dollar or Euro loses value over time, causing the price of goods to rise. Bitcoin (and some other cryptocurrencies) are designed to experience predictable and low rates of inflation. One attribute that has made cryptocurrencies — particularly Bitcoin — so appealing to investors is the idea that they’re more resistant to inflation than fiat currencies like the U.S. dollar. But what is inflation? Inflation is the process by which currencies lose value over time, causing prices of consumer goods to increase. Because most economists believe that some level of inflation is…

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Exchange-traded funds — better known as an ETFs — are similar in many ways to mutual funds. They generally track the price of an asset (like gold) or basket of assets (like the S&P 500). And as their name suggests, they trade on exchanges and can be bought and sold like stock via a traditional brokerage account. Exchange-traded funds, better known as an ETFs, are similar in many ways to mutual funds. They generally track the price of an asset (like gold) or basket of assets (like the S&P 500) — making it easy for investors to diversify their portfolios by gaining access…

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