The different types of risks in finance

A financial risk is the risk of losing money as a result of a financial transaction (on a financial asset) or an economic transaction with a financial impact (eg a sale on credit or in foreign currency).

There are many risks, some are specific others not, but the vast majority ranks in the risks below.

risk

Continue reading “The different types of risks in finance”

October review

Invest your money by lending it to businesses

october review

October is currently the Number 1 platform in France for CrowdLending. Founded by Olivier GOY, its development is currently experiencing strong growth in France but also in Europe (Italy, Spain, the Netherlands and soon will be added countries such as Germany.) Almost 260 million euros have already so far been funded. Octuber is registered by the French market authority (ORIAS).

For our readers October offers you an exclusive offer: A welcome bonus of 20 € for 500. This offer is accessible by registering via my link only. You can then take all your time to choose the projects on which you want to make your first investments.

https://app.october.eu/r/JFLOER

October (ex lendix) allows the financing of SMEs both by individuals but also by institutional investors. Every day many files are analyzed by October and only a few files each month are retained by the teams to present them in funding on its platform.

Private lenders can then lend from € 20 to € 2,000 per project and thus obtain a monthly repayment of part of the capital and interest. Lenders can thus lend on new projects to diversify their investments as much as possible.

OCTOBER review: interest and projects duration

October/ lendix has an average rate of 6.50% for an average duration of 45 months out of more than 300. In practice, we have seen rates ranging between 2.5 and 9.5% over periods ranging from 6 at 60 months.

Compared to competing platforms it can be said that OCTOBER offers rates in the low average over rather long durations. But beware the actual rate you will get depends on many other factors for which OCTOBER gets excellent performance (Project Volume, Project Size, Default Rate, Reactivity Rate, …)

OCTOBER Opinion: Projects

October is currently the platform that offers the most project in France. On several occasions we have been able to participate in more than 15 projects / month. One of the particularities of October is also to be able to propose projects of several hundreds of thousands of Euros (sometimes millions of euros) on 4 countries (France, Italy, Spain, Netherlands).
1 new country is planned for 2019: Germany.

OCTOBER review: open an account

It pretty easy, you just have to click on the link below, answer some easy question and fulfill you investment profile.

You get a bonus when you register with this link.

https://app.october.eu/r/JFLOER

OCTOBER review: Credit your account and investment amount

 

October offers 2 ways to credit your October account:

  • By credit (or debit) card + 3D Secures, it is faster but watch out for your card cap
  • By bank transfer, slower but unlimited

You can lend on each business project between 20 and 2 000 €. Originally the maximum was € 1,000 but a new law allows individuals to now invest € 2,000. October requires that we lend multiples of 20 €.

 OCTOBER review : Principal Repayment and interest

Refunds are made monthly and include a portion of the capital and interest, less taxes (lump sum and social levies) for the persons to whom it applies. Some projects may have repayment schedules including periods when only interest will be paid back in the first few months, but I’m not even sure I’ve seen it at the same time, there are so many projects.

OCTOBER review : Lenders insurance or buyback guaranty

OCTOBER does not currently offer lender insurance.

Some OCTOBER Italian projects are now subject to a guarantee.

OCTOBER review: Cost of service

Like most crowdfunding platforms, there are no entry fees or management fees for the Lender. October is only remunerated by the company seeking funding.

OCTOBER review:  risk scale

Classic risks of crowdlending, the capital loss of your investment. Each platform has its own risk scale depending on the project.

october review 02

OCTOBER review:  Early repayments: 2% bonus for lenders

The OCTOBER contracts provide for early repayment clauses. While most platforms do not provide for any early redemption fees, OCTOBER does not provide for 4% of outstanding principal. 2% will return to OCTOBER and 2% will be returned to the lenders. Some projects are nonetheless exempted from this 2% if this has been stipulated in the contract: These are flexible projects.

OCTOBER review:  : Registration Bonus

https://app.october.eu/r/JFLOER

October offers an exclusive sponsorship offer for readers that will give you a bonus of 20 euros !

OCTOBER review:   Taxation

From a taxation point of view, OCTOBER complies with the legislation. The tax will be French for the French and to declare in your country if you come from another country.

OCTOBER review :   security

Transactions are secured via Lemonway  also has the role of continuing the repayments in case of bankruptcy of October.

OCTOBER AVIS : Statistiques

Statistics are still moving fast in the crowdfunding world. In February 2019 October announces 524 projects financed for a total financed amount of € 242,000,000 via approximately 14,800 lenders

OCTOBER review:   Default Rates

October has so far managed to maintain a fault rate at a correct level. The acquisition of finsquare had taken a toll.

OCTOBER review:   The interface

The interface of the October platform is very efficient and offers good visibility. Each project, in addition to the usual rates, duration, also offers:

  • A presentation of the company
  • A presentation of the loan project
  • An analysis with the strengths and weaknesses
  • A financial analysis with the balance sheet

To lend, you just enter the amount you want to lend to have a simulation of the interest you will receive over time. Once validated, you will have to sign your contract electronically. The procedure includes a validation via a code sent by SMS.

OCTOBER review:   Iphone and Android application

Few platforms offer a real mobile application. October already offers both IPHONE and ANDROID versions.

 

OCTOBER review:   Project Discussions

Unlike some platforms October does not propose via their interface to be able to exchange on the proposed projects. It would be useful to be able to ask questions to which the borrower, the lenders and October could contribute.

OCTOBER review:    Communication

If you have questions October offers you several channels of communication: To know that the level of reactivity of the teams is Excellent.

  • A lender FAQ
  • A Facebook page
  • A Twitter page
  • An information blog
  • Customer service available at 01 82 8328 00
  • A contact email contact@october.eu
  • A chat in Live or Deferred mode: Directly accessible on the home page, the chat allows according to your connection time to either speak with a person from October live, or to leave a message. In the second case October will make you a quick return.

Conclusion on this review

October is today clearly one of the best platforms in France.

How to Become Rich with Compound Interests

Albert Einstein, who knew a lot about mathematics, would have said that the principle of compound interest was the greatest mathematical discovery of all time.
In any case, it is a fundamental investment strategy and one of the best ways to grow your money and become rich, taking advantage of what is commonly known as the “snowball effect” of interest. compounds. Continue reading “How to Become Rich with Compound Interests”

4 Money-Saving Tips For Every Homeowner

elephant-don-t-forget

Losing weight. Finding a new job. Spending more time with the family. A new year means setting new goals. Why not make saving money one of them?

If you’re a homeowner, there are many ways you can cut costs and still live comfortably. The following tips will help lead you to financial success.

* First, set a budget. Figure out exactly how much you spend on the upkeep of your home. Compare each month’s expenses with the previous month’s to get a better idea of how much to budget for each necessity. Then, see what costs you can cut. Once you set a budget, stick to it.

* Save energy. You might be losing a substantial amount of energy dollars during the winter and summer because of air leaks. By caulking, sealing and weather-stripping all cracks and openings, you can save 10 percent or more on your energy bill.

Also, look into replacing older appliances with newer, more energy-efficient alternatives. Your light bulbs can make a difference, too. Fluorescent bulbs are four times more energy efficient than incandescent bulbs.

* Refinance. Shop around to see if you can replace your existing home loan with one that has a lower interest rate. You can easily save hundreds of dollars each month by refinancing your home.

* Purchase a home warranty. Most homeowners don’t account for possible repairs in their annual budget. There is a 68 percent likelihood of a home system or appliance failure in a given year. The average replacement cost of one of these systems or appliances is $1,085. A home warranty is your best defense against unexpected and costly repairs to your home’s appliances and mechanical systems.

The American Home Shield Home Warranty, for example, ensures you get the best possible service through the company’s network of pre-screened technicians. The minute something breaks down, you can contact American Home Shield and a local service technician will schedule an appointment that fits your schedule. The warranty covers a multitude of household systems and appliances, regardless of age.

The American Home Shield Home Warranty is a one-year contract that requires no home inspection to enroll. Several affordable plans are available to fit every budget.

Forecasting the Future Value of Your Roth-IRA or Roth-401(k)

office-microsoftCurious about how much money you’ll accumulate in your Roth retirement account?

If you’ve got Microsoft Excel (or just about any other popular spreadsheet program) running on your computer, you can use its FV function to forecast the future value of your Roth IRA or Roth 401(k).

The FV function calculates the future value of an investment given its interest rate, the number of payments, the payment, the present value of the investment, and, optionally, the type-of-annuity switch. (More about the type-of-annuity switch a little later.)

The function uses the following syntax:

=FV(rate,nper,pmt,pv,type)

This little pretty complicated, I grant you. But suppose you want to calculate the future value of an individual retirement account that’s already got $20,000 in it and to which you are contributing $400-a-month. Further suppose that you want to know the account balance—its future value—in 25 years and that you expect to earn 10% annual interest.

To calculate the future value of the individual retirement account in this case using the FV function, you enter the following into a worksheet cell:

=FV(10%/12,25*12,-400,-20000,0)

The function returns the value 771872.26—roughly $772,000 dollars.

A handful of things to note: To convert the 10% annual interest to a monthly interest rate, the formula divides the annual interest rate by 12. Similarly, to convert the 25-year term to a term in months, the formula multiplies 25 by 12.

Also, notice that the monthly payment and initial present values show as negative amounts because they represent cash outflows. And the function returns the future value amount as a positive value because it reflects a cash inflow you ultimately receive.

That 0 at the end of the function is the type-of-annuity switch. If you set the type-of-annuity switch to 1, Excel assumes payments occur at the beginning of the period (month in this case), following the annuity due convention. If you set the annuity switch to 0 or you omit the argument, Excel assumes payments occur at the end of the period following the ordinary annuity convention.

How to report a scam

Internet reporting Govt en

Want to report a scam?

In France

You can report scams here https://www.internet-signalement.gouv.fr/

How to react to these shipments?

If you have received a spam to your e-mail address, or if the message appears to be a phishing attempt, do not respond and do not open attachments, images or links contained in the message. Report it to the platform Signal Spam.

The association Signal Spam, partner of the CNIL, allows you to register for free on its site internet www.signal-spam.fr, and download an extension for your kind e-mail program Outlook. A "Signal Spam" button will appear on your e-mail. Simply select the message to report and click this button. If you are using a Yahoo, Hotmail or laposte.net type Internet messaging system, you can complete the online reporting form and copy – paste the spam received.

The reports made on the Signal Spam platform allow to identify and take action against "spammers" at the national level, in partnership with the internet industry and the competent public authorities. Thanks to the platform Signal Spam received alerts, the CNIL triggers investigations and controls on the spot and can be brought to punish spammers.

How to report attempts to scam on the internet?

You can report these scams on the "PHAROS" platform (for "platform harmonization, analysis, cross-referencing and orientation of the reports"). It is accessible on the site www.internet-signalement.gouv.fr. This platform allows to report internet sites whose content is illegal. Your report will be processed by a judicial police service specializing in these questions, the central Office for the fight against crime (OCLCTIC) communication and information technology.

Reports on the PHAROS platform are, after verification, investigation service-oriented. A criminal investigation may be initiated, under the authority of the Prosecutor of the Republic. PHAROS receives every year tens of thousands of reports.

If the reported content is illegal but designed abroad, it is transmitted to Interpol which directs him to the judicial authorities of the country concerned. These platforms are the mels and websites.

What to do in case of receipt of sms or mms unsolicited on my mobile phone?

You can transfer the abusive SMS to number 33700. It is an SMS alert system created by Telecom operators, services providers and hosters, in consultation with the Secretary of State for industry and Consumer Affairs.

After this transfer, you will receive a message asking you to send the 33700 the number from which you have received abusive SMS. This information is passed to the operators, including yours, who will be able to act quickly with agencies at the origin of these sms.

Sending a SMS to the 33700 is free for the guests of Bouygues Telecom, Orange and SFR. For other operators, sending a SMS to the 33700 can be done at the price of a normal SMS.

For more information, you can connect on www.33700-spam-sms.fr

Source:

scnil