Sznurki Tue, 17 May 2022 22:28:00 +0000 en-US hourly 1 Sznurki 32 32 The Investor’s Guide to Institutional Investing in Crypto Tue, 17 May 2022 22:07:31 +0000
  • There are several points of differentiation between retail investing and institutional investing, including risk, size of investment, and strategies
  • Cryptex’s TCAP is an Ethereum smart contract that relies on trusted crypto data oracles for real-time price information

The cryptocurrency industry has been a retail phenomenon so far. Institutions are undoubtedly moving, but full adoption is still in progress. Once it is clear that the industry is at a tipping point, we will likely see the institutional floodgates fully open.

In 2017, professional investors such as niche crypto funds cracked the institutional valve by following retail investors into the sector. The industry is still awaiting the entry of pension funds, mutual funds, hedge funds, investment banks, sovereign wealth funds and insurance companies. When you consider that institutions account for over 85% of US stock trading volume, these open floodgates will take cryptocurrency market capitalization to the next level.

How Today’s Institutional Investing Differs From Its Retail Equivalent

There are several points of differentiation between retail investing and institutional investing.

Investment size

The size of the investment is the main and obvious differentiator. Institutional investment managers allocate sums that have a real impact on crypto spot prices and liquidity. Comparatively, institutions are in an entirely different class, with billions under management.

Trading and investment strategies

While the average retail investor uses simple trading strategies, the institutional equivalent uses advanced analysis-driven trading and investing strategies. They have access to higher quality financial data, use automated trading tools, and can tap into the best trading research to make more informed trading and investing decisions.


Institutions pay much more attention to risk and are much more cautious in their approach compared to retail. It’s probably because they’re managing someone else’s money rather than their own.

Both retail and institutional investors take on a certain level of risk, but on average the appetite for institutional risk is much lower.

Asset Custody, Governance and Compliance

Institutions have rigid corporate rules to follow that retail investors don’t have to consider. They are subject to much greater scrutiny to meet governance and compliance rules, with oversight being enforced by various state agencies.

When it comes to custody and ownership of digital assets, things will likely be simpler for the individual investor, who directly owns the asset. Institutional investors may not own the asset – ultimately their clients are the owners of the assets.

Factors holding back institutional investment

All the points of differentiation explain why there has been very little institutional investment in crypto so far. Institutions have a specific set of fundamental requirements that must be met before they consider entering the nascent crypto market.

Institutions need to know that there is enough liquidity in the markets they participate in to execute short-term trades. The scale of their typical investment allocations has simply been too large relative to the overall market capitalization of the crypto industry. Bitcoin reached a market capitalization of $1 trillion in 2021. Still, this is just a drop in the ocean when you consider that the global stock market capitalization stands at $125 trillion. dollars, with the bond market on a similar scale.

In terms of trading strategies and risk, there have been concerns about market manipulation and other questionable practices in crypto, such as wash trading, which would have implications for institutional involvement.

Institutions have been reluctant to get involved in crypto due to a lack of regulatory clarity. To meet Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and stay compliant with the rules designed for TradFi, institutions need to know who is on the other side of the trade. The pseudonymous nature of most blockchains makes this problematic.

Despite these challenges, the institutional investment landscape for digital assets is rapidly changing. All of the factors that inhibit institutional involvement are resolved as the space grows and matures. Regulation is also catching up, and the ecosystem needed to support institutional-grade investments is forming.

The advent of indexing in crypto

In traditional markets, index funds are an easy way for individuals to invest passively with lower fees. While institutions are actively managing funds, there is a case where exposure to an index-like vehicle in the crypto space would benefit them at this stage.

Although institutions tend to have a more conservative appetite for risk, they increasingly want exposure to a high-yield crypto market. With high risk in individual crypto projects, given their nascent stage of development, a product that tracks the entire crypto market will appeal to them.

Cryptex Finance has launched a Total Crypto Market Cap (TCAP) token to capitalize on this market need. TCAP is an Ethereum smart contract that relies on trusted crypto data oracles to obtain real-time price information. TCAP is a crypto-derivative asset that closely tracks prices against thousands of crypto-assets. Through it, individual and institutional investors can gain price exposure to the entire crypto market in real time.

Although the United States does not have any form of crypto exchange-traded fund to date, investment trusts such as Grayscale and index funds offered by Bitwise are available in conventional markets. However, they are limited to major cryptocurrencies.

Institutional-Grade DeFi Products

Innovators in the crypto space have identified the issues that institutions are facing and are building solutions to overcome them, particularly around compliance. The following section reviews examples of such products already on the market.

Aave is one of the original DeFi money market protocols. Aave Arc was developed specifically for institutions, as it is an authorized version of the Aave liquidity protocol. Due to compliance and regulatory issues, regulated institutions cannot access the open-source Aave protocol. With Aave Arc, all participants are AML compliant and KYC verified. With authorized liquidity pools isolated from regular Aave pools, institutions can now access DeFi without violating compliance rules.

For the Compound Liquidity Protocol, Compound Treasury was launched. Separate from the originating protocol, institutions can provide dollars to it through traditional banking, and the compound treasury, in turn, donates those funds to the compound protocol. This degree of separation provides a trusted intermediary for institutions, allowing them to remain compliant with KYC and AML standards and other regulatory requirements.

Other market players also pivoted to respond to the expected influx of institutional capital. Cryptex Tower is a product about to be launched by Cryptex Finance, which will add new hard mode vaults with a reduced collateral ratio to attract institutions alongside the regular mode vaults of their existing DeFi product. . Gemini backs the offering with institutional-grade asset safekeeping.

Additional Institution-Centric Services in DeFi

Similar to KYC and AML compliant DeFi liquidity pool placement, many other services have sprung up to meet demand and institutional requirements.

Asset custody

Qualified digital asset custodians have entered the space including BitGo, Gemini, Coinbase Custody, Copper, and Anchorage. Their offerings have been developed specifically for institutions, including assured cold storage and peer-reviewed multi-signature security.

Crypto bank

Crypto-banks such as Seba and Signum have emerged to offer solutions for institutions looking to dive into the digital asset business.

Over-the-counter markets

Institutions that have dipped their toes into crypto already tend to use over-the-counter markets rather than the centralized exchanges that individual investors use. Many vendors have entered the space including but not limited to GSR, Galaxy Digital, Genesis Block, FTX OTC, and Jump Trading.

Transaction Transition Services

Web3 wallet provider Metamask has stepped up its efforts to meet the needs of institutional businesses by launching Metamask Institutional. The institution-compliant wallet offers the same functionality as its original wallet but with some differentiation to facilitate optimized trade flows.

Further reading

Information on various authorized liquidity pools beyond those covered in this guide

  • Maple Finance – The Maple protocol provided institutional borrowing and fixed income lending through loan pools managed by pool delegates.
  • Alkemi Network – A licensed liquidity pool facilitating programmatic borrowing and lending through a trusted, institutional-grade liquidity network.
  • Centrifuge – Through a partnership with Aave, Centrifuge enables the tokenization of real-world assets, accessible through authorized pools. Businesses can tokenize trade receivables and invoices and use these real-world assets as collateral to borrow money.
  • Credit – An institutional private credit market incorporating a compliant regulatory framework.
  • AllianceBlock – Bridging TradFi with DeFi by allowing users to prove their identity in a trustless way and providing a globally compliant capital market.

This investor guide was sponsored by Cryptex Finance.

Educate yourself. Check out the Investor’s Guide to AVAX, Investor’s Guide to Music NFTs, Investor’s Guide to DeFi 2.0, and Investor’s Guide to Avalanche.

The content of this webpage is not investment advice and does not constitute an offer or solicitation of an offer or recommendation of any company, product or idea. It is intended for general educational purposes only and does not take into account your individual needs, investment objectives or particular financial situation.

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Motilal Oswal Financial Services Board approves share buyback up to Rs 160 cr Tue, 17 May 2022 13:29:00 +0000

During the meeting of May 17, 2022

The board of directors of Motilal Oswal Financial Services, at its meeting of May 17, 2022, approved the redemption of capital shares with a par value of Re 1 each not exceeding 14,54,545 capital shares at the price of Rs 1100 per capital share payable in cash for a total amount not exceeding Rs 160 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Tuesday, May 17, 2022. 6:59 PM IST

Advantages and Disadvantages of Interest Only Mortgages Mon, 16 May 2022 19:13:39 +0000

Homebuyers who feel caught off guard by escalating financing costs might be tempted to explore unconventional home loans known as interest-only mortgages, which have much lower down payments compared to a standard mortgage.

But these loans have some major drawbacks that potential borrowers should also be aware of.

With an interest-only mortgage, you only pay interest on the loan initially, usually for the first five or 10 years. The advantage is that these upfront payments are cheaper since you are not required to make payments on the full amount borrowed, known as the principal.

After the initial interest-only period ends, you start paying principal and interest for the remainder of the term of the loan. Payment terms vary, but the interest rate is usually reset to the prevailing rate at that time, which may have increased. And with principal now included, those payments can cost you double or triple what you originally paid on the loan, according to the Federal Deposit Insurance Corporation.

If payments become too expensive, borrowers can try to negotiate a longer term or refinance the loan with a cheaper mortgage rate, if available. However, refinancing can still cost around 2-5% of the total loan, which could offset the savings from a reduced monthly premium.

Right now, interest-only mortgages are “getting more and more popular,” says Shmuel Shayowitz, president of Approved Funding, a mortgage company. He says that for some buyers, it “helps bridge the monthly payment gap.”

But again, as Shayowitz points out, there are downsides to these types of loans that every borrower should consider, even though they can temporarily save you a few hundred dollars a month.

The Disadvantages of Interest-Only Home Loans

First, these loans generally charge higher interest rates than conventional mortgages. The reduced monthly cost comes only from postponing the principal payment to a later date.

And because you’re paying a higher interest rate and making more interest payments overall, you’ll also pay more interest over time, compared to a conventional loan.

Additionally, there is a risk that mortgage rates will rise over time, as has been the case recently. This would make the monthly payments more expensive than originally expected after the end of the interest-only period. The burden of these additional costs could expose borrowers to the risk of loan default.

Rate increases are usually capped at around 2% after the initial interest-only period expires, but this can still be a significant expense.

Another risk is that if your home loses value, the subsequent sale of the property may not cover the full cost of the loan.

“Think about why you’re considering it,” Shayowitz says. A bad candidate for an interest-only loan would be someone looking to “cut a few dollars” off their monthly costs just to move into a home they might not otherwise qualify for.

A good candidate for this type of loan usually has a reliable source of income with enough cash to cover mortgage payments after the interest-only period expires. Mortgage rates could rise further, but the buyer would be willing to accept that risk, especially if they plan to sell the home in a few years. Choosing an interest-only mortgage would temporarily free up money for other expenses or investments.

“A lot of it comes down to putting pen to paper,” says Andy Darkins, certified financial planner at wealth management firm Vista Capital Partners. He advises potential buyers to “stress test” their short- and long-term cash flow before considering an interest-only loan.

“Look at different scenarios,” he says. “At the end of [interest-only] term, what happens if the payment doubles? What if it was somewhere between that and your initial payments? Ask yourself if you could actually afford the payments in each of these circumstances.”

For homeowners looking to minimize monthly costs, another option to consider is a conventional variable rate mortgage, which typically offers lower rates than fixed rate home loans. Again, terms vary, but generally the interest rate on an adjustable mortgage will be locked in for an initial term of five, seven, or 10 years, after which it resets annually or even monthly.

The advantage of an adjustable rate mortgage is that, unlike interest-only loans, you’ll actually start paying off the loan immediately, building up equity in the home that you can borrow later, if needed. And you wouldn’t be saddled with thousands of dollars in unnecessary interest charges either.

Adjustable rate mortgages, however, come with some risk, as mortgage rates could go up. That’s why homebuyers often stick with the cost certainty offered by fixed rate mortgages, even though the interest rate on this type of loan tends to be higher.

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How Education Can Boost Women’s Financial Inclusion Sun, 15 May 2022 21:00:34 +0000

Personal finance

How Education Can Boost Women’s Financial Inclusion


  • It is widely accepted that better and relevant financial inclusion initiatives can help reduce gender inequalities.
  • Women who have access to bank accounts, savings mechanisms and other financial services may be better able to control their income and undertake personal and productive expenditure.
  • Reaching historically underserved individuals and groups remains the greatest challenge.

As we celebrated International Women’s Day, I couldn’t help but reflect on how women in today’s hyper-connected world still face financial exclusion. Unfortunately, estimates indicate that 2.3 billion women of working age do not have an account at a formal financial institution.

It is also high on the political agenda, with a wide range of supply-side initiatives designed to improve access and growing recognition of the importance of tackling demand-side barriers. to financial inclusion.

In particular, there has been a significant appreciation of the role of financial education in improving levels of financial inclusion around the world.

It is widely accepted that better and relevant financial inclusion initiatives can help reduce gender inequalities.

Women who have access to bank accounts, savings mechanisms and other financial services may be better able to control their income and undertake personal and productive expenditure.

Numerous studies postulate that better access to financial services for women could also prove to be the key to unlocking the growth potential of micro and small enterprises owned and managed by women.

The financial inclusion of women also contributes to reducing the exposure of poor and rural households to income shocks, improving growth and promoting more sustainable and equitable development.

Creating a vibrant and globally competitive economic sector depends on financial inclusion. It is through this that Kenya plans to create jobs, promote a culture of savings and finance its investment needs.

Highly rated for mobile phone penetration, Kenya has an opportunity to not only improve access and usage, but also build consumer capacity for better protection and financial behavior healthy.

Reaching historically underserved individuals and groups remains the greatest challenge.

A large number of women and young people have low levels of education and skills and many still face cultural barriers that prevent them from accessing finance.

By working closely with the Women in Business Network, we at CPF believe we have the opportunity to make a strong contribution to communities across our country by promoting financial literacy among women engaged in business, strengthening the financial and operational growth of women-led groups. as well as the provision of financial business skills training.

One of the central levers of our strategy is to ensure that women have greater access to and use of digital financial services, such as mobile banking accounts and digital payment systems, so that they can make their own spending, saving and financial risk-taking decisions. , and build their financial future.

Explicitly, the primary goal of this work is to close the persistent gender gap in financial inclusion, with a focus on low-income women.

Global data from the World Bank confirms that while account ownership has increased overall, gender gaps are not narrowing and remain unchanged over the past six years.

Although we have seen good progress in financial inclusion, women are still less likely than men to have an account.

In developing economies, like ours, the gender gap averages nine percentage points, which has remained virtually unchanged since 2011. That doesn’t mean women aren’t making progress. We have seen progress in the absolute number of banked women.

I believe mobile money can reduce gender inequalities in financial inclusion. We have seen that where mobile ownership is high, as in the Sub-Saharan African economy, gender differences are narrower.

For example, in Kenya, men are 18 percentage points more likely than women to have a traditional bank account, but more women than men only have a mobile money account.

While more deliberate efforts are needed to close the gender gap and realize the potential gains of financial inclusion, educating women actively engaged in business on how they can formalize their business remains crucial to reducing poverty. gender gap.

As a first path to accelerating the closing of the gender gap, we see the promise of digitizing social safety net programs to increase the value of digital financial services for women – especially poor women – and to encourage more women to adopt and use digital financial services.

We hypothesize that digitizing a predictable income stream for women is a way to rapidly close the gender gap in digital financial inclusion and a potentially powerful platform to catalyze the economic empowerment of women. women.

What happened to Upstart’s $400 million stock buyback program? Sun, 15 May 2022 11:16:00 +0000

Earlier this year, the artificial intelligence lender Reached (UPST 16.32%) announced a $400 million share buyback program. But in the first quarter of the year, which ended March 31, Upstart did not buy back any shares. Additionally, management made no mention of the program in its recent first-quarter earnings call. So what happened to this stock buyback program? Is Upstart still planning to buy back shares? We’ll take a look.

So what’s the problem ?

Upstart officially announced the share buyback program along with its fourth quarter and full year earnings report for 2021 on February 18 this year. It’s a bit unusual for a fast-growing company like Upstart to conduct a share buyback program so soon, but CFO Sanjay Datta attributed the situation to two things: the company’s profitability and “opportunism economic” in the sense that management thought the stock was undervalued.

At that time, Upstart was trading around $130 per share. Towards the end of March, there were times when the stock traded below $100, and very briefly below $90, so there were opportunities to buy back shares.

Image source: Getty Images.

But we do know that during the quarter, Upstart also faced several other issues that kept it busy. Upstart wants to be a technology company that helps investors, banks and credit unions better assess the credit quality of borrowers so they can initiate loans and see lower loss rates. However, Upstart doesn’t really want to be a bank. He wants to see as many loans as possible created with his software because he collects a fee for each set-up.

Upstart does not intend to keep loans on its long-term balance sheet as it is not capital efficient and would slow growth. But in the first quarter, loans on its balance sheet fell from about $252 million to about $598 million. Some of this is intentional, as Upstart recently started offering auto loans, which the company previously said they were keeping on their balance sheet until further testing.

But a small portion of the personal loans that would normally have been sold to investors have also been taken to the balance sheet. As interest rates rose in the first quarter and the economic environment became more uncertain, some investors who normally purchase and fund loans had to take a step back to consider how they should assess risk, which resulted in a funding hiatus. Upstart decided to book these loans to “fill in” the gap. This was one of the main reasons why the shares sold off intensely after the earnings.

Not only does this indicate that capital markets could dry up for Upstart loans, but Upstart is also now responsible for that credit risk should something go wrong. In addition, interest rates have steadily increased since the end of the first quarter, so the situation on the financial markets may have deteriorated. Upstart can retain capital at this time in case there are loan losses or the situation escalates and Upstart has to step in again. Given the market reaction, I imagine Upstart will want to get these loans off its balance sheet as soon as possible.

Will Upstart repurchase shares in the future?

Upstart’s share buyback program is still active, so the company could, in theory, repurchase shares at any time. He could have bought back shares since the beginning of April. From a value perspective, there would be no better time to buy back shares than now, with stocks trading about as low as they have ever been.

But I would be surprised to see Upstart buy back stocks with so much market turbulence. I also never thought it was a good idea, to begin with. On the one hand, Upstart may want to invest more in its product. Although management has invested, she said part of the reason for the pause in capital markets funding is that the process of adjusting loan yield thresholds by institutional investors is still mostly manual, while that Upstart’s banking and credit union partners can adjust their performance. thresholds in a much more autonomous way. Management said it plans to further automate this and make the capital markets system similar to that of partner banks.

But the thing is, it looks like there’s a lot to invest in, so I’m not sure the company would send the right message to the market by buying back shares. I think they should focus on getting the business back on track.

3 economists predict when competition in the housing market will decrease Sat, 14 May 2022 18:32:00 +0000

When will you see less competition in the housing market?

Getty Images

Mortgage rates on 30-year fixed-rate loans have risen from around 3.5% earlier this year to over 5.6%, and the pros say they could rise (see lowest mortgage rates which you can claim here). Home prices have also risen steadily, rising about 20% from March 2021 to March 2022, according to CoreLogic.

This news is undoubtedly causing a groan among aspiring home buyers. But we have good news for you: there are signs that competition in the housing market may be running out of steam, say the pros.

Redfin reported that for the first time in six months, competition from homebuyers fell slightly in March 2022. Sixty-five percent of homes sold by Redfin agents faced competition – or multiple offers – in March 2022, compared to 67% in February. “I expect the competition to continue to drop,” says Taylor Marr, deputy chief economist at Redfin.

Marr cites several reasons for the change, including rising interest rates – the current average for a 30-year fixed rate mortgage is over 5.6% – Federal Reserve measures to reduce the inflation, baby boomers staying in homes rather than moving into retirement communities and the conflict in Ukraine. “Homes are still selling above asking price, but the market is changing,” says Marr. “When you change the thermostat, it takes time for it to cool down.”

For his part, Lawrence Yun, Chief Economist at the National Association of Realtors, recently shared with MarketWatch Picks that he too sees competition soon declining: “The combination of rising interest rates and rising Real estate prices will push some potential buyers out of the market, which may lead to reduced competition after the summer buying season ends.

See the lowest mortgage rates you can qualify for here.

Marr agrees that by the end of the summer, there will be less competition among buyers on listings, as well as more homes on the market. He warns, however, that some areas that have become popular migration destinations, including cities such as Tampa, Phoenix, Nashville and Atlanta, may continue to see high rates of roster competition. “There are still a lot of people moving to these places…even in the face of very high interest rates,” he says.

The drop in competition at the end of the summer is also when Skylar Olsen, Tomo’s chief economist, predicts a market cooling. “We are in a period of transition,” she says of what is happening now.

Even with signs of a housing market slowdown over the next few months, buyers shouldn’t expect a sudden bargain. As MarketWatch Picks recently reported — after speaking to five economists — house prices are unlikely to fall significantly. “House prices will continue to rise as there are not enough houses available to meet demand, but the combination of rising house prices and high mortgage rates means that fewer people will be able to afford housing. ‘buy,” Holden Lewis, real estate and mortgage expert at Nerdwallet, told us.

But just because economists are predicting interest rates will rise doesn’t mean buyers should get into a bidding war just because they’re panicking about interest rates. “If you find a unit that works for you and you know it’s somewhere you’ll be staying for a long time, then you should go ahead,” she says. “But you don’t have to rush to lock in a rate.”

How to Buy Over $10,000 in I Bonds Almost Risk-Free This Year Sat, 14 May 2022 13:00:01 +0000

chris ryan | Getty Images

I bonds have grown in popularity as riskier assets slip.

The bonds are guaranteed by the federal government, the principal does not lose value, and the bonds earn monthly interest through two parts, a fixed rate and a variable rate. Currently, the variable component will pay a record annual rate of 9.62% until October, the United States Treasury Department announced in May. This rate changes every six months.

“If you’re someone looking to get the highest possible return right now without risk and you don’t need that money for at least a year, this is an investment you should definitely make your priority. No. 1 on your list,” said personal finance expert Suze Orman.

Generally, the limit a person can place in I bonds is $10,000 per year via Direct cash. But for those who want to save more than that, there are a few strategies available.

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“These have proven to be amazing investments during all the downturns that have happened,” Orman said, referring to the 2008 recession, the 2018 market downturn and the pandemic recession.

Here’s what you need to know:

Tax refund

In addition to buying $10,000 in I bonds for yourself, people expecting a federal tax refund can choose to get up to $5,000 in paper I bonds.

Although receiving a paper deposit is a bit complicated, it is possible to upgrade them to a digital version.

“Once you’ve received the paper bond, you can actually convert your paper bonds to electronic bonds through Treasury Direct,” said Ken Tumin, founder and editor of

However, most people looking to buy I bonds this year will not be able to take advantage of this option. To receive a refund in the form of Paper I Bonds, you must have filed an IRS Form 8888 with your tax return.

Married couples and children

The I bond purchase limit is per person, so a married couple can each invest up to $10,000 per year in the investment, or up to $15,000 each if they all choose two also to get tax refunds in paper bonds I.

Families with children can also invest up to the annual limit on behalf of each child. To do this, the parent must create a Treasury Direct deposit account for the child and then make the purchase.

Of course, that money counts as a gift and should be used for the benefit of the child, said Christopher Flis, certified financial planner and founder of Resilient Asset Management in Memphis, Tennessee.

A company or a trust

Individuals who run businesses or have an inter vivos trust can also extend the I bond purchase limit by purchasing the assets on behalf of the entity.

“Multiple entities are permitted to purchase I Bonds,” said John Scherer, CFP and founder of Trinity Financial Planning in Madison, Wisconsin, including LLCs, corporations and sole proprietorships.

This means that even if you are self-employed and file taxes on an IRS Schedule C as a small business, you can purchase up to $10,000 of I Bonds per year for that business. This purchasing power also applies to living trusts, through which people can buy an additional $10,000 in I bonds per year.

So a married couple, each owning a business and having inter-vivos trusts, could buy up to $60,000 in I bonds per year, as well as buy $5,000 per person in paper bonds, bringing their annual total to 70 $000. If this couple had two children, they could purchase an additional $20,000 of I Bonds in their name.

The administrative side

Jose A. Bernat Bacete | time | Getty Images

Admittedly, buying I bonds for so many different people and entities can get complicated. Each person or entity you are buying I Bonds for will need to have a Treasury Direct account – they cannot be combined – so you will need to be sure to keep each username and password safe.

Depending on when you buy I Bonds, you will also need to know when you will be able to access the money. You can’t withdraw funds from I bonds for a year, and if you hit the money before five years, you’ll miss the last three months of interest that accrued on your principle just before the sale.

Also, many people may be unwilling or unable to invest tens of thousands of dollars in I bonds, which they cannot touch for a year. Generally, I bonds make sense as part of his emergency fund, according to Flis.

He thinks of it this way: part of your emergency fund should be fully liquid, cash, ready to deploy. But, if you have extra funds beyond what you need in cash, it makes sense to put some of that money into I bonds to beat inflation with low risk.

“It’s for the next level of your emergency fund,” Flis said.

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Should you buy prepaid maintenance? Fri, 13 May 2022 21:53:49 +0000

Prepaid maintenance plans can be big savings if your regular maintenance is expensive. This may be especially true in today’s automotive market, where larger vehicles that rely on synthetic oil can command higher prices. But should you opt for prepaid maintenance, or is it an additional service worth skipping?

How does prepaid maintenance work?

Prepaid maintenance plans are a dealer added service that includes the cost of regular trips to the service center. Programs like this and other services like GAP insurance and extended warranties are usually offered to you by the finance and insurance manager, towards the end of your loan process, before you sign the documents. final.

These programs offer regular maintenance, such as oil changes and tire rotations, on a prepaid basis. Your maintenance will then be included in the cost of your loan, and you won’t have to worry about paying for services out of pocket when you do them at the dealership you purchased from.

When prepaid maintenance services are built into the cost of your loan and you have them on a pay-as-you-go basis. For example, if your service includes an oil change every six months and you don’t go, you’re paying for a service you didn’t get. Or, if you’re not in the area of ​​your authorized service center when you need an oil change, you might have to pay someone else to do it anyway.

Of course, plans and coverage differ depending on who supports them. Plans offered by your dealer tend to be more rigid, only allowing service at a specific dealer or group of dealers. Plans offered by the manufacturer can be more versatile, allowing you to get serviced at any franchised dealership across the country.

A disadvantage of prepaid maintenance is that the cost is built into your loan, which means it increases your monthly payment amount and increases your overall loan amount. That could add up to a lot more than you bargained for in interest charges, especially if you’re a bad credit borrower who qualifies for higher interest rates.

Is prepaid maintenance a good idea?

Prepaid servicing may be a good idea for some borrowers. If you’re not one to remember what to do with your car or you’re not one to keep a good schedule, having scheduled service built into your loan could help. to remind you to have your car serviced regularly.

On the other hand, the price of prepaid plans can get steep when you factor in the extra interest charges you pay. In this case, paying out-of-pocket for your maintenance as needed makes more sense, especially if you have a high interest rate.

If you’re looking for extra peace of mind, know that a prepaid maintenance plan is not the same as an extended warranty that might fix unexpected issues. Prepaid maintenance is only for basic services such as oil changes, fluid fills and tire rotations. All things that are normally done at the same time, and don’t cover anything extra you might need.

CB Financial Services (NASDAQ:CBFV) receives new coverage from analysts Fri, 13 May 2022 05:58:31 +0000 began covering stocks of CB Financial Services (NASDAQ:CBFV – Get a rating) in a research report released Friday. The company has set a “hold” rating on the bank’s shares.

Separately, Zacks Investment Research upgraded CB Financial Services shares from a “hold” rating to a “strong-buy” rating and set a target price of $29.00 on the stock in a research report. Thursday, February 3.

The NASDAQ CBFV opened at $22.27 on Friday. CB Financial Services has a 1 year minimum of $21.30 and a 1 year maximum of $26.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt ratio of 0.13. The company has a market capitalization of $114.85 million, a PE ratio of 10.03 and a beta of 0.68. The company’s fifty-day simple moving average is $23.55 and its 200-day simple moving average is $24.16.

Separately, director Karl G. Baily acquired 1,000 shares of the company in a transaction on Thursday, March 3. The shares were purchased at an average cost of $25.75 per share, with a total value of $25,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.10% of the shares are currently held by insiders.

Several institutional investors and hedge funds have recently changed their positions in the company. Royal Bank of Canada increased its position in CB Financial Services by 172.0% during the second quarter. Royal Bank of Canada now owns 1,333 shares of the bank worth $29,000 after acquiring 843 additional shares in the last quarter. UBS Group AG increased its position in CB Financial Services by 196.1% during the third quarter. UBS Group AG now owns 1,913 shares in the bank worth $45,000 after acquiring 1,267 additional shares in the last quarter. American Century Companies Inc. acquired a new stake in CB Financial Services during Q3 for a value of approximately $209,000. UMB Bank NA MO acquired a new position in CB Financial Services during Q4 worth $298,000. Finally, BlackRock Inc. increased its stake in CB Financial Services by 2.9% during the 4th quarter. BlackRock Inc. now owns 14,170 shares of the bank worth $340,000 after buying 405 more shares in the last quarter. 30.65% of the shares are currently held by institutional investors and hedge funds.

About CB Financial Services (Get a rating)

CB Financial Services, Inc operates as a bank holding company for Community Bank which provides various personal and business banking products and services in Southwestern Pennsylvania, West Virginia and Ohio. The Company’s main deposit products include demand deposits, NOW accounts, money market accounts and savings accounts, as well as term deposit products.

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China publishes its first ESG disclosure standard with participation from Ping An Wed, 11 May 2022 14:01:00 +0000

Promoting ESG development with Chinese style

HONG KONG and SHANGHAI, May 11, 2022 /PRNewswire/ — Ping An Insurance Company (Group) of Chinaltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that it had helped develop China first ESG disclosure standard, the “Guidance for Enterprise ESG Disclosure“, published by the China Enterprise Reform and Development Society (CERDS). The Guide, in effect on June 1, 2022was developed with the participation of Ping An and dozens of other companies in China.

In recent years, awareness of environmental, social and governance (ESG) issues has increased China, as is the request for companies to publish ESG information. However, common international ESG rating standards are hardly compatible with the operating conditions in China. The “Guidance for Corporate ESG Disclosure” is based on relevant Chinese laws, regulations and standards while taking into account China the context. The Guide includes a system of corporate ESG disclosure indicators across three dimensions – environmental, social and governance – and provides a basic framework for ESG disclosure. The Guide also specifies disclosure principles, indicators, requirements, applications, responsibilities and oversight for companies of different types, sectors and sizes. The Guide can help Chinese companies in their ESG governance and disclosure practices, serving as a reference for self-assessment and third-party assessment.

CERDS had strict requirements for companies participating in the development of the guidance standard. Companies must have outstanding performance and be ranked among the best in their industries, with high social influence and reputation. They must comprehensively, accurately and comprehensively implement the concept of sustainability in their operations, promote the construction of a corporate ESG system and achieve outstanding ESG results.

Sharing experience as an ESG pioneer in China

As an ESG pioneer in China, Ping An participated in the drafting of the disclosure framework, sharing its practical ESG experience. It has incorporated its proprietary CN-ESG Assessment System Framework into the Disclosure Guidelines to provide a standardized science-based approach to corporate ESG disclosure. Ping An also made suggestions on the coverage of international standards, the definition of indicators with Chinese characteristics, the applicability to different industries, and the definition of rating standards.

“Tips for Corporate ESG Disclosure” is an important step for Ping An promote the development of a Chinese-style ESG system. Ping An’s proprietary ESG management concepts and experience have been widely recognized by government organizations, industry experts and other organizations that have collaborated with Ping An. As a long-time advocate of corporate ESG, Ping An has been pursuing related sustainability and disclosure practices for many years. It has published its annual report on sustainable development for 14 years. It was also the first financial institution in China publish a TCFD report (Task Force on Climate-related Financial Disclosures) and disclose the carbon emissions of all its assets. Driven by its sustainable development strategy, Ping An integrates core ESG philosophies and standards into business management. It has implemented a professional sustainability management framework to guide its business practices. Ping An continues to advance its “integrated finance + healthcare” strategy and develop its “finance + senior care” and “finance + healthcare” sector ecosystems to create value for its shareholders, customers, employees, communities, its partners and the environment, seeking to stimulate both commercial and societal value.

About Ping An Group

Ping An Insurance Company (Group) Chinaltd. (“Ping An“) aims to become a world leader in retail financial services. With more than 223 million individual customers and nearly 657 million Internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two main areas of activity, “integrated finance” and “health”, covering the provision of financial and healthcare services through its integrated financial services platform and its ecosystems in financial services, health, automotive services and smart city services. The “finance + technology” and “finance + ecosystem” strategies aim to offer customers and Internet users innovative and simple products and services using technology. Like China first stock insurance company, Ping An is committed to the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchange in hong kong and Shanghai. Ping An ranked 6th in the Forbes Global 2000 list in 2021 and ranked 16th in the Fortune Global 500 list in 2021. Ping An also ranked 49th at WPP Kantar Millward Brown BrandZ 2021MT List of the 100 most valuable global brands.

For more information, visit and follow us on LinkedIn – PINGAN.

SOURCE Ping An Insurance Company (Group) of Chinaltd.