Planning for Retirement – Why You Should Start Today!

Retirement - Why Should You Start Today

Sure, you’d be well on the way to a comfortable retirement if you’d started saving 40 years ago, but even if you don’t have that luxury, there is plenty you can do to save more for retirement. If you move quickly, you can still take advantage of compound interest, boosting what you’ve got for the future.

It’s never too late to make a plan – start saving today!

1. Get moving now

The sooner you start, the better. Even if you start saving tomorrow, you can still make an impact on your retirement options. The benefits of compound interest – the addition of interest to the body of savings or deposits – works best when you give it plenty of time to build up, but even a shorter amount of time, while not ideal, is much better than nothing at all.

2. Invest in an IRA

Individual retirement accounts (IRAs) are a traditional way to help you save for your retirement. There are different options available to you, so check them out to see which molds best to your needs and situation. Firstly, there’s a traditional IRA which, as the name suggests, has been around since 1974. If you meet certain criteria, this IRA may be tax-deductible. Since 1997, the Roth IRA has also been available. The main distinguishing feature of this product is your contributions are not tax-deductible, but the money you save inside of a Roth IRA are tax free. This means you don’t have to pay tax on the interest, dividends or capital gains that stem from the assets you’re growing in the Roth IRA. Another viable option is to do a gold IRA rollover and invest a portion of your portfolio in a gold IRA. The newest option available is to invest your IRA in cryptocurrencies. Do some research to determine which option would be best for you.

3. Over 50? Check out catch-up contributions

If you’ve done your research into IRAs, you’ll know that one of the reasons you should have started years ago is because contributions are restricted on an annual basis. The good news is that when you hit 50, these restrictions are loosened and you’re allowed to make extra contributions to help make up for the years you weren’t contributing. There are some limits, however, so check them out before making a move.

4. Shut that purse!

If you’re looking at getting your retirement in order, take the opportunity to have a long, hard look at where your money is currently going. Now is a great time to analyse your budget and see where you might be able to make savings. Plug up any cash leaks, renegotiate deals and contracts for lower rates, and reduce spending where you can.

5. Now put those savings to work

Hopefully after you’ve investigated where your money’s going, you’ve been able to make some savings. If you have and there’s now some spare cash floating around, don’t waste it! Make sure that any money you’ve saved by examining your budget is reinvested into your retirement plan, as well as any money you make, receive or find! Denying yourself completely is never a good idea but, instead of blowing it all on a luxury vacation or new car, how about spending a small portion on a fun treat, while the lion’s share goes back into working for your future?

If you’ve left pension plans on the long finger and now retirement is beginning to look more stressful than relaxing, don’t worry. The most important thing is that you’ve realized the need to do something and you’re starting today. Once you’ve got a structured plan in place, like an IRA, look for consistent and creative ways to add more funds and boost your future.

Remember – when you’re saving for retirement, every little helps!

Best Companies To Invest In 2018

stocks for beginners

There are a lot of stocks out there. We will be looking at some of the best stocks to invest in 2018, with a good growth record and above average dividend returns. Stock growth is an important way of gaining value. However, when the markets face a downturn, dividends represent a stable way of income while reducing the decrease of the value of the underlying stock as many buyers turn to stocks with a better yield.

1. Seaspan Corporation (SSW)seaspan logo

Seaspan Corporation is a company, founded in Washington in 2005. They are active in the transport sector focusing on overseas traffic. They manage container ships, charters and deploying vessels.

Looking at the period of the last five years, both their sales and net income have more than doubled in size. Their dividend yield is 7.39%.

2. Alliance Holdings, (AHGP)alliance holdings gp logo

The limited partnership, owning Alliance Resources Managment GP LLC, was founded in 2005. It is based in Oklahoma, USA. Their core activity involves coal, mostly mined in the US Midwest area. The company is supplying their product mostly to business entities. Their sales and income have almost doubled in the last five years. Their dividend yield currently stands at 12.53%.

3. Digital Realty Trust Inc. (DLR)digital reality trust logo

Digital Realty Trust is a real estate investment trust that was founded in 2004. Based in San Francisco, the trust serves customers from around the globe. They are offering services in digital consulting, critical facilities management and sale-leaseback datacenters. Their consumers are internet companies, manufacturers and financial services companies. Their net income has tripled while their sales have doubled in size in the last five years. The dividend yield stands at 3.92%.

4. Banco de Chile (ADS) banco de chile logo

The bank was founded in 1893, in Chile, Santiago. The company operates in the banking sector, engaging in various activities. Their retail is concentrated on mortgage loans and credit cards. Their wholesale part targets corporate entities and big companies. In this segment, they are providing commercial loans, liquidity management services, leases and derivative instruments.

Their total revenue and net income have both doubled in the last five years. The dividend return is at 2.32%.

5. PBF Energy Inc. (PBF)PBF energy

PBF Energy is a company working in the oil sector. They are one of the biggest independent oil refinery owners in the USA. They are supplying various products, such as heating oil, transportation fuels, lubricants, and asphalt. Their oil refineries are located in Delaware, Ohio, and New Jersey. PBF was founded in New Jersey in 2008. Their sales record is quite amazing as they are a young enterprise. Their sales jumped from $228 million to 19,15 billion in their first five years of doing business. Their dividend yield currently stands at 3.43%.

6. American Campus Communities Inc. (ACC)American Campus Communities INC

The real estate investment trust was founded in 1993 in Austin, Texas. They operate and develop student housing real estate in the states. It is a self-managed trust with prowess in development, construction management, leasing and management of student housing estates. Their sales have more than doubled in the last few years and their stock’s dividend yield stands at 4.53%

7. Eaton Corp. PLC (BP)eaton corp PLC logo

The management company, founded in 1911 in Dublin, Ireland, offers energy-efficient answers for its customers when it comes to electrical, mechanical and hydraulic power management.

Furthermore, they are a leading international supplier of aerospace fuel, hydraulic and pneumatic systems. Their vehicle sector is involved in the design, manufacture, and marketing of powertrain systems that improve the efficiency of energy consumption and performance and safety of commercial vehicles.

Their revenue has doubled in the past 9 years and their net profits have quadrupled. Their dividend yield is 5.54%.

8. Global Partners LP (GLP)Global Partners LP logo

The company, founded in 2005 in Massachusetts is one of the biggest gasoline, distillates and residual oil supplier in the northeastern part of America. Additionally, it is employed in the transport logistics business which mostly covers the transit of domestic and Canadian crude oil. Their wholesale consists of home heating oil, gasoline, diesel, residual oil, and kerosene. Their customers are mainly gasoline stations and other resellers of their products. Their revenue has grown significantly in the last years and their dividend return stands at 11.56%.

You might also like to read:

5 Tips To Buy Penny Stocks for Beginners

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5 Tips On How To Buy Penny Stocks For Beginners


The term penny stocks is used to define assets, trading for under a dollar per share. However, the classification can differ from country to country. As an example, in the USA the SEC changed the term to include all stocks trading for under 5$. Besides having a low price, those stocks are known as a risky, speculative type of investment. Penny stocks usually have a low market cap and are trading on smaller exchanges with a low liquidity. The volatility of those markets is usually pretty high, meaning some significant profit and loss potential. If you want to learn how to buy penny stocks as a beginner, take a look at the following tips.

Risk assessment

If you are looking to trade and invest in penny stocks, you should assess the risk you are taking. Those risky investments are not suitable for everyone. The potential for profit does not necessarily mean you have to accept the risk that comes with investing in a small cap stock. There is nothing wrong with walking away from such a market. To leave those markets would often be a good decision as most of penny stock investors do take some heavy losses. Luckily, the reason for the majority of losses mostly equates to bad decision-making that can be avoided. This column will point out some of those mistakes and give you some basic knowledge for investing in penny stocks and don’t get caught up in a scam.

Risk management and early guidance

When investing in anything, you should always only invest the money you are prepared to lose. The riskier the investment, the smaller portion of your portfolio should it represent. Furthermore, you should only start getting involved with penny stocks after you obtained some knowledge about markets and companies you are investing in. It is always a good idea to follow someone with a proven track record in the investment markets you are interested in. If you take notes from more experienced investors, you will be able to avoid some of the mistakes they made while getting a better insight into trading techniques and market movements. You should be careful though as there is a lot of people who will try to influence you by telling you about expensive cars and assets they earned. You should avoid getting advice from those type of people as it is mostly based on some future promise of getting rich. People usually want to become rich quickly and become less careful when somebody promises them hefty returns. You should always look for someone who is knowledgeable and can support his claims with facts. Your early investing results are often in line with a quality of your mentor, so choose him wisely. At this point, it is also important to point out, that you should not trust any of your sources completely. It is better to simply use their advice and then do your own research. For example, you can always find stocks by yourself using an online stock screener.

Paper trading

If you want to increase your trading knowledge without risk, you should try the »Paper Trading« method. This is a risk-free method where instead of trading real money, you are just writing down imaginary trades. In that way, you can learn from the mistakes you are making, without risking any of your real money. This will also get you familiar with all the penny stock expressions, all in all, making you prepared for some real buying and selling. You should also realize, that it may take months of paper trading before you are ready to start trading speculative shares.

Trading on unregulated markets

One of the more common mistakes investors can do is investing in penny stocks, that are trading on the Dark Markets. It is more advisable to invest in companies on better known, regulated exchanges as they have more credibility, meaning the risk of buying worthless or overvalued stocks is lowered considerably. This is especially important on markets, like the cryptocurrency market where things are still highly unregulated. So far, the only licensed firm in the cryptocurrency market is Regal RA DMCC.

Deciding which industry to invest in

Seeing the value of the most favorable penny stocks often drops notably when the trends change you should usually avoid getting yourself involved with the most popular types of stocks at the time. This happens, because by the time a type of stocks becomes popular, all of the hype and popularity is already included in its price. When people turn to the next big thing, the prices usually drop significantly. Following the latest trends can, therefore, be very costly. It is usually better to invest in companies and industries you are familiar with. If you are passionate about a particular activity or industry, you can always use your knowledge to your advantage. If you are not sure which industry you are familiar with, just check your email subscriptions, hobbies or professional expertise. You can also research the top picks at popular websites or youtube channels. We made a guide on the best cryptoucurrency to invest in along with price predictions. Most of the people don’t even realize the advantages they have when investing in their own industry or field of expertise.


You have to always bear in mind that this is a risky type of investment. The penny stock markets are very volatile and the dynamic price swings are not for the faint of heart. However, following these basic guidelines, you can make sure you lower your risks and engage the markets in a proper way.