All Posts in "Ronnie Jackson"

Your House Was Burgled When Traveling Abroad? Find Out How Travel Insurance Covers That Too

Your home becomes an easy target for burglars especially when you are away on an overseas trip. But did you know that the travel insurance you purchased for your overseas trip also insures your home against burglary when you are away?

Your House Was Burgled When Traveling Abroad? Find Out How Travel Insurance Covers That Too

Several insurance companies such as Bharti AXA GI are offering burglary cover under travel insurance policies. The policy basically states that if the home has undergone a theft or burglary whilst you were away on an overseas trip, the insurance company will have to compensate you as per the financial protection offered. This will typically cover the damage or loss as a result of the burglary.

However, there is a catch here. The home burglary will have a cap that will be defined in the policy. This means that the insurance company is only liable to pay the up to the maximum limit set under the travel policy burglary cover. For example, your home has been ransacked and you have experienced a loss or damage of several lakhs of rupees, but your insurance only covers you for Rs. 50, 000 as the maximum limit. Your insurance company will only make a payout of Rs. 50,000 in that case, regardless of the actual loss or damage that you may have incurred financially.

What are the Conditions that Requires Fulfilling at the Time of Settling the Claim?

If you have raised a claim against a burglary that occurred when you were away on a trip, then you are required to … READ MORE ...

Ronnie Jackson by — May 18, 2019 in Venture Financing
Benefits Of The Hong Kong Capital Investment Entrant Scheme

The Hong Kong Capital Investment Entrant Scheme was first launched in October 2003. The objective of the program is to allow reasonably well-off people to come to HK and take up residency without needing to join in or establish an operating business. The Scheme rules are reviewed by the Immigration Department on a regular basis.

To qualify for this capital investment visa, 10 Million Hong Kong Dollars is required to be invested in ‘qualifying investments’ (which does not include real estate).

The essential cut and thrust of the Capital Investment Entrant Scheme (“CIES”) means that if you invest HK $10 million cash into Hong Kong’s economy, you will be able to procure a visa to take up residence in the HKSAR.

Benefits Of The Hong Kong Capital Investment Entrant Scheme

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In the first instance you will secure a two-year period of stay which is then, subject to having maintained the 10 million HKD in the qualifying investments, extendable every two years for up to seven years. Once you get to 7 years continuous ordinary residence, you can apply for permanent residence.

Even if you have not in fact resided in Hong Kong in all of that time, but have maintained the visa status nonetheless, you will be able to secure ‘unconditional stay’ and in the process free up the HKD10m investment for deployment elsewhere. Namely, by then it will have served the process of procuring your residency in the HKSAR with no further strings attached.

One of the benefits under the Capital Investment Entrant Scheme program is … READ MORE ...

Ronnie Jackson by — May 10, 2019 in Capital Investment
Glenn Sandler (CPA) of G.I. Tax Service Lists Tax Questions to Ask Your Accountant

A good CPA is invaluable when it comes to organizing your finances, and this is never truer than when it comes to the area of personal taxes. Here, Glenn Sandler, CPA founder of G.I. Tax Services lists five questions to ask your CPA that could provide substantial benefits for your finances well into the future.

Glenn Sandler (CPA) of G.I. Tax Service Lists Tax Questions to Ask Your Accountant
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What Information Do I Need to Keep?

In the world of taxes, paperwork is ubiquitous and keeping your head above water entails knowing exactly what documents you need to keep and which you can dispose of. Your accountant will let you know the difference between the two and will even serve as a reserve for your information. A clear picture of your financial information will help the CPA optimize the assessment statements provided to you.

How Can I Save More on My Taxes?

This is perhaps the question that is the most commonly asked of CPAs. Ultimately one of the most critical times of the year for an accountant is tax season, and they can help you leverage your situation to find numerous tax breaks. By speaking with your CPA, you will be able to find out if you qualify for any deductions or special credits and how you can claim them. On occasion, the accountant may also be able to find unique tax advantages based on your purchases and investments.

What Direct Business Expenses Can I Deduct?

In a business, several expenses are often incurred and more often than not, some of … READ MORE ...

Ronnie Jackson by — April 20, 2019 in Venture Financing
DiversyFund Looks at Long Term Investment Strategies

Long-term investments are the ones that cannot be easily liquidated at a moment’s notice or used for day-to-day expenses. The typical long-term investment is held for a year or more, sometimes with the expectation that the investment will never be sold. DiversyFund is a company dedicated to helping everyday people build wealth like the 1%. Below, DiversyFund’s founder and CEO, Craig Cecilio, shares more about long-term investments that offer diversification to your investment portfolio.

DiversyFund Looks at Long Term Investment Strategies
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Investing in real estate is an excellent option for long-term investment.  The typical real estate investor purchases a property and holds it for an expected increase in value or rents it out using the rent to bolster his or her income.  Real estate that has been purchased through a retirement plan is also held for a longer period of time in order to realize a higher profit.

For those interested in investing in multifamily real estate, many investors end up buying into Real Estate Investment Trusts (REITs). Some firms pay out dividends, but DiversyFund has a different philosophy with their private REIT. “Instead of paying dividends, we focus on accelerating the growth of wealth by reinvesting the money. We focus on growth and taking advantage of compounding interest to build wealth over the foreseeable future,” stated Mr. Cecilio.

When done well, investing in real estate is one of the most profitable means to build wealth. You can benefit from tax deductions, appreciation of your asset and have a steadfast method of protecting yourself from inflation.… READ MORE ...

Ronnie Jackson by — March 30, 2019 in Capital Investment
Hiruy Amanuel on Global Economic Prospects: Why Invest in Africa’s Emerging Markets?

As Africa’s technological sector rises, companies and big businesses from all over the world are starting to pay attention. A lot of these tech hubs are rapidly developing and have created numerous job opportunities for Africans that have led to local technological advancement. Below, Hiruy Amanuel, the co-founder of Gebeya, looks at the global economic prospects of Africa’s emerging markets and why many are deciding to invest in these markets.

Hiruy Amanuel on Global Economic Prospects: Why Invest in Africa’s Emerging Markets?

Africa’s integration into the global economy has been occurring for the past decade and it has been occurring on an increasingly large scale. With a young workforce and an abundance of professional engineers trained within the IT sector, companies are looking to Africa not only to outsource but also to engage the talent locally and create startups within Africa. South Africa, Nigeria, Egypt and Ethiopia have all seen incremental strides in their emerging tech markets.

There are several companies which are ushering in the new global economic scale of Africa. Startups within Africa are promoting inclusion of IT professionals and the advancement of their education within the field. By investing in Africa’s tech ecosystem, there is an opportunity for global economic growth. Being a relatively untapped source of technological innovation, Africa presents a significant amount of new ideas as well as a large user base.

From the implantation of artificial intelligence in daily life to the use of mobile gaming, the emerging tech market in Africa is one of the hottest in the world. Companies like Google are … READ MORE ...

Ronnie Jackson by — March 26, 2019 in Venture Capital News