Tank » February 14th, 2017
**This below statement is in my opinion**
Things to take into consideration before our family is to come into a significant amount of money prior to spending a single penny of it:
**Some of these points mentioned below, Frank26 has stated his opinion about in CC last night. These points are not financial advice, they are merely things to consider before prior to spending any money**
1) Take a step back and breath, the funds are not going anywhere unless you chose to spend them.
-- Take a few days to reflect on life once the reality hits
--- We have went this long without it, a few more days to absorb it all will not hurt anyone.
2) Reputable / Logical means for where you want your money to be "Placed"
-- Find a reputable bank/credit union that fits all of your financial need(s). -more than one, if needed-
--- Quietly find a reputable home safe to store any valuables -money/jewelry/paperwork/mementos-
---- Keep placement/accessibility in mind
3) To pay off all of your bills at once OR To pay them off in chunks.
-- Are you or are not concerned with/about future credit rating
--- What are the repercussions to each approach
4) Life insurance: If you do not have a policy, do some research on some reputable companies offering Whole/Universal Life policies.
5) Trust Funds for yourself -and any other dependents you care to set something up for-
-- There is a man that comes on the CC's that is in the business for this.
6) Lawyer(s) for various financial, legal and/or domestic/international needs
7) Investment opportunities that would allow your money to make money, so you can live off revenue and never touch the principle amount (as Frank26 voiced his opinion about)
-- Money Market Accounts, IRAs, Precious Metals, Mutual Funds, Business Ventures
8) Rule(s) of 72 http://www.investopedia.com/ask/answers/04/040104.asp
-- At 10% interest rate, a given amount of money will double in 7yrs, est.
--- At 7% interest rate, a given amount of money will double in 10yrs, est.
9) Do you have plans on donating any money to an organization/entity/group
-- What are the financial/tax limitations and/or requirements going forward
--- Is all the legal paperwork in order to cover yourself upon going through with any donation
10) Reaping the benefits of this investment is a huge and life changing occasion. Make sure you do right by it all.
Firefly » February 14th, 2017
Things to take into consideration before our family is to come into a significant amount of money prior to spending a single penny of it:
**Some of these points mentioned below, Frank26 has stated his opinion about in CC last night. These points are not financial advice, they are merely things to consider before prior to spending any money**
1) Take a step back and breath, the funds are not going anywhere unless you chose to spend them.
-- Take a few days to reflect on life once the reality hits
--- We have went this long without it, a few more days to absorb it all will not hurt anyone.
2) Reputable / Logical means for where you want your money to be "Placed"
-- Find a reputable bank/credit union that fits all of your financial need(s). -more than one, if needed-
--- Quietly find a reputable home safe to store any valuables -money/jewelry/paperwork/mementos-
---- Keep placement/accessibility in mind
3) To pay off all of your bills at once OR To pay them off in chunks.
-- Are you or are not concerned with/about future credit rating
--- What are the repercussions to each approach
4) Life insurance: If you do not have a policy, do some research on some reputable companies offering Whole/Universal Life policies.
5) Trust Funds for yourself -and any other dependents you care to set something up for-
-- There is a man that comes on the CC's that is in the business for this.
6) Lawyer(s) for various financial, legal and/or domestic/international needs
7) Investment opportunities that would allow your money to make money, so you can live off revenue and never touch the principle amount (as Frank26 voiced his opinion about)
-- Money Market Accounts, IRAs, Precious Metals, Mutual Funds, Business Ventures
8) Rule(s) of 72 http://www.investopedia.com/ask/answers/04/040104.asp
-- At 10% interest rate, a given amount of money will double in 7yrs, est.
--- At 7% interest rate, a given amount of money will double in 10yrs, est.
9) Do you have plans on donating any money to an organization/entity/group
-- What are the financial/tax limitations and/or requirements going forward
--- Is all the legal paperwork in order to cover yourself upon going through with any donation
10) Reaping the benefits of this investment is a huge and life changing occasion. Make sure you do right by it all.
Firefly » February 14th, 2017
IMF: improvement in the US economy will affect the economies of the world
Economy News / Continue ...
Director of the International Monetary Fund, Christine Lagarde, on Monday, that the expected improvement in the US economy under President Donald Trump will have repercussions on the economies of the world have warned.
Lagarde said during the World Summit for governments in Dubai, "Through the little that we do know, and insisted on telling the little that we know, we have grounds to feel optimistic about economic growth in the United States."
Lagarde predicted economic reforms and more investment in infrastructure during the mandate of Trump, who led his declaration Thursday on new proposals to cut taxes to lift US stocks to record levels.
Closed "Dow Jones" and "NASDAQ" and "S & P 500" signs of a rise of 0.6 percent Thursday after the new president has promised a plan "exceptional" for tax cuts to be unveiled within two or three weeks.
However, the director of the IMF warned of the repercussions of improvement in the world's largest economy on the rest of the states.
She said Lagarde, said "this is good news, but the disturbing news is that it will have consequences for the rest of the world, which is what we see happening."
Lagarde pointed to "increase the value of the dollar against other currencies in what it said it expects to increase interest in which the Fed controls the prices (US central bank), which would be difficult for the global economy that will have to prepare its economies."
And it contradicts the optimism Monetary Fund and World Bank, which did not change its forecast for growth in the United States warned because of "uncertainty" surrounding the policies Trump.
SOURCE: economy-news.net/
Firefly » February 14th, 2017
Economy News / Continue ...
Director of the International Monetary Fund, Christine Lagarde, on Monday, that the expected improvement in the US economy under President Donald Trump will have repercussions on the economies of the world have warned.
Lagarde said during the World Summit for governments in Dubai, "Through the little that we do know, and insisted on telling the little that we know, we have grounds to feel optimistic about economic growth in the United States."
Lagarde predicted economic reforms and more investment in infrastructure during the mandate of Trump, who led his declaration Thursday on new proposals to cut taxes to lift US stocks to record levels.
Closed "Dow Jones" and "NASDAQ" and "S & P 500" signs of a rise of 0.6 percent Thursday after the new president has promised a plan "exceptional" for tax cuts to be unveiled within two or three weeks.
However, the director of the IMF warned of the repercussions of improvement in the world's largest economy on the rest of the states.
She said Lagarde, said "this is good news, but the disturbing news is that it will have consequences for the rest of the world, which is what we see happening."
Lagarde pointed to "increase the value of the dollar against other currencies in what it said it expects to increase interest in which the Fed controls the prices (US central bank), which would be difficult for the global economy that will have to prepare its economies."
And it contradicts the optimism Monetary Fund and World Bank, which did not change its forecast for growth in the United States warned because of "uncertainty" surrounding the policies Trump.
SOURCE: economy-news.net/
Firefly » February 14th, 2017
Global impact of US and euro area unconventional monetary policies: a comparison
BIS Working Papers No 610
February 2017
The paper analyses and compares the domestic and cross-border effects of US and euro area unconventional monetary policy measures on 24 major advanced and emerging economies, based on an estimated global vector error-correction model (GVECM). Unconventional monetary policies are measured using shadow interest rates developed by Lombardi and Zhu (2014). Monetary policy shocks are identified using sign restrictions.
The GVECM impulse responses suggest that US unconventional monetary policy generally has stronger domestic and cross-border impacts than euro area non-standard measures. Its spillovers to other economies are estimated to be more sizeable and persistent, especially in terms of output growth and inflation.
There is evidence of diverse responses in the emerging economies in terms of exchange rate pressures, credit growth as well as monetary policy. In addition, the strength of cross-border transmission channels to the emerging economies appears to differ for US and euro area policies.
JEL classification: E43, E44, E52, F42, F47
SOURCE: bis.org/
BIS Working Papers No 610
February 2017
The paper analyses and compares the domestic and cross-border effects of US and euro area unconventional monetary policy measures on 24 major advanced and emerging economies, based on an estimated global vector error-correction model (GVECM). Unconventional monetary policies are measured using shadow interest rates developed by Lombardi and Zhu (2014). Monetary policy shocks are identified using sign restrictions.
The GVECM impulse responses suggest that US unconventional monetary policy generally has stronger domestic and cross-border impacts than euro area non-standard measures. Its spillovers to other economies are estimated to be more sizeable and persistent, especially in terms of output growth and inflation.
There is evidence of diverse responses in the emerging economies in terms of exchange rate pressures, credit growth as well as monetary policy. In addition, the strength of cross-border transmission channels to the emerging economies appears to differ for US and euro area policies.
JEL classification: E43, E44, E52, F42, F47
SOURCE: bis.org/