Month: March 2022

Thai cabinet approves crypto-friendly tax rules

Thai cabinet approves crypto-friendly tax rules

BANGKOK (NNT) – The cabinet this week approved relaxed tax rules for cryptocurrency traders, in line with other crypto-related measures previously announced by the government. Investors will be exempted from 7% value added tax (VAT) for crypto trading on approved exchanges.

Finance Minister Arkham Trumppittapaisith has announced that traders will be allowed to offset their annual losses as well as profits for taxes. New tax rules have been introduced in recent years in response to the rise of crypto trading.

The new rules will give traders a variety of benefits, including exemption from value-added tax, settlement of losses and higher crypto trading activity in Thailand.

The administration is keen to assist in the promotion and development of the cryptocurrency industry. In addition to relaxed crypto taxation, the cabinet approved tax breaks for investing in startups.

Tax breaks for investing in startups

Investors will be tax-exempt from the sale of startup shares if they have held the shares for more than two years. The offer is valid until 2032.

The relaxed rules will be effective from April 2022 to December 2023 and will apply to digital currency of the Central Bank of Thailand as well as other cryptocurrencies in circulation.

The Kingdom’s crypto-economy grew significantly last year from 170,000 active crypto traders in January 2021 to 2 million at the end of the year.

Information and sources

  • Reporter: Paul Rujopakorn
  • Rewriter: Paul Rujopakarn
  • National News Bureau: http://thainews.prd.go.th

Robo-Advisors vs. Financial Advisors – Modest Money

Robo-Advisors vs. Financial Advisors – Modest Money

Human interaction is always good, isn’t it? Human financial advisors are often sought for expert knowledge about investment portfolios. In recent decades, technology has advanced enough to bring us Robo-Advisor, AI that works on algorithms for investment advice.

Which is better? This is the final question.

Good for Robo-Advisor: Good for human advisors:
Automated investment strategies Brings human elements
Low cost Find the answer to the question
Hands off investors Hand-in-hand investors
Profile optimization without errors Further personalization

We are going to compare the better human advisors of reliable financial institutions like banks with the Robo-advisors of Betterment and M1 Finance. Yes, that’s right. The two companies that we used to fight against each other are now partnering and fighting people.

Betterment and M1 Finance Robo-Advisor VS Broker – Determining Factor

The winner of the Robo-Advisor VS Human Adviser contest is personal because everyone is looking for something different. While some may prefer the simplicity of Robo-Advisor and its automation, others need a more humane touch. So, what is the determining factor?

Factor 1: Fee

Let’s start with the fees because many of them are concerned. It is unknown at this time what he will do after leaving the post. Sometimes there’s just no chemistry, no proper communication, or a mutual understanding, and that’s okay. Just go to someone else, or you can try your hand at a robo-advisor, which is usually much less expensive and even free with your chosen platform.

A financial advisor can command from a couple up to several hundred dollars per hour, depending on experience. These are some crazy prices! Betterment charges $ 0 for starting an account with them and the annual fee for an investment account is only 0.25%. For the interest on your cash balance, it is about 0.10%, which is not too bad.

Betterment Robo-Advisor also gives you the option to set up a goal-oriented account, which can help you adjust your portfolio somewhat to reflect your goals and risk tolerance.

M1 Finance also has low fees, helpful tools and strategies. The minimum account for M1 Finance is only $ 100, and you get account insurance, and your investment transaction is commission-free! However, there is a $ 125 annual fee for the M1 Plus and a fee for some services such as mutual fund sales.

Factor 2: Investment Strategies and Features

What can a human advisor do for you when it comes to investing strategies? Almost anything! Yes, people can sympathize with your financial hardship, which is definitely a pro. However, Robo-Advisors in M1 Finance and Betterment are great for everyday people who want to take a more hands-off and passive investment approach.

M1 Finance has automated portfolio investments like Betterment, which really reduces the number of headaches you do as a result of research. This is not to say that you should not persevere, but that helping Robo-advisors is a plus.

What we really like about Betterment and M1 Finance’s Robo-Advisors is the Tax Loss Harvesting feature. This feature is used to balance your tax loss with profit in other cases. Robo-advisors can do this quickly and automatically, more than we can say for human brokers.

With M1 Finance and Betterment Robo-Advisors, you can still design your own portfolio as you would with human advisors, but you don’t have to rely on banks and providers to do this.

Factor 3: Support and assistance

Human advisors are more effective when you have a lot of questions, or if you have a special situation that requires immediate adjustment to your profile. However, can you be sure that the other person always has your best interests at heart, or that everyone is just trying to find out for themselves?

The thing you can answer is that AI Robo-Advisors does not want to get you and they provide neutral options, advice and suggestions to help you. They may not be able to handle or understand complex requests, but they are always accessible.

You might think that the algorithms and equations that AI advisors use to calculate can also be done by humans. While you are right, the margin of human error is much higher than that of Robo-advisors like M1 Finance and Betterment. Not to mention, they’re faster.

If you are really looking for a set-it-and-forget-it option, we think there is no better resource than Robo-Advisor. This type of investment strategy is also very useful for many newcomers, which is another reason why AI advisors are so popular.

Final takeaway

The winner will be Robo-Advisor by Longshot. Fortunately (or unfortunately, depending on how you view it), you don’t have to choose between the two. Many human counselors also now enlist the help of AI to enable them to execute their services faster and more accurately.

It just makes us think that if we can get closer to the same services by choosing Robo-Advisors then why do we have to spend hundreds of dollars? Click on M1 Finance Or Improvement To find out how you can start saving more money.

Related Investment Product Reviews:

A new CB is coming in September 2021

A new CB is coming in September 2021

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Already with this change, the upward effects of COVID-19 have brought these leaders – and their border-pushing ideas – even further. As they help Canada “thrive” in the post-epidemic world, Canadian business They will be there to provide inspiration and resources for their important work.

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Greggs will raise the price of sausage rolls despite record sales of 23 1.23 billion

Greggs will raise the price of sausage rolls despite record sales of 23 1.23 billion

Greggs warned that inflationary pressures would make his sausage rolls more expensive and cut profits this year, even as the bakery chain toasted record results.

Roger Whiteside, 63, a retired chief executive of the bakery chain, said it would be “irresponsible to provide a guarantee that prices will not rise further” as the industry faces “inflation across the board”. He added that as a result of the pressure, “we do not currently expect material gains in the coming years.”

Shares of Greggs initially fell 10 percent yesterday on caution, but fell just 77p, or 3.4 percent, to £ 22.06 as analysts predicted the company’s strength and growth prospects.

The Newcastle-upon-Tyne-based firm said before the Ukraine crisis that it expected inflation to be around 5 percent due to high labor, energy and material costs. But the impact of rising soft-commodity spending means inflation is now running at 6 to 7 percent.

Gregs said spending pressures at the beginning of the year were already “requiring some price increases”, “and further increases are expected.” The price of a Greggs sausage roll rose 5p to £ 1.05 last year, while other items rose 10p, sparking outrage from some customers.

Whiteside says Greggs will not jeopardize its position as a low-cost food retailer, so its price increase will depend on the competitive landscape.

Despite inflationary pressures, Greggs has confirmed plans to expand his shop estate from 2,181 to at least 3,000 stores by opening 150 stores a year. It recently opened sites in London’s Canary Wharf and Kings Cross, as well as a number of “drive-through” sites, as it focuses on city locations where rents fall during the epidemic.

The update comes as Greggs reports the biggest sales and profits in its 71-year history. Sales grew বছরে 1.23 billion a year from January, up 51 percent from last year when it was disrupted due to lockdowns and low manpower, and increased by 5.3 percent in 2019 compared to pre-epidemic levels.

Whiteside says “sales performance has been achieved despite unexpected supply shortages [becoming] Is a daily feature of our activities. “

Annual pre-tax profits rose to 145.6 million, compared to last year’s loss of £ 13.7 million, and still higher than the র 108.3 million recorded in 2019 before the coronavirus crisis. As a result of the profit recovery, Greggs is offering his employees a .6 16.6 million reward and a 40p-per-share special dividend for investors above the 42p-per-share final dividend.

Whiteside said, “In my long retail career, I have never experienced such a high level of prolonged disruption in operations, and we owe our success last year to our team’s commitment and willingness to work with these issues.”

The chief executive, who has overseen the seven-fold rise in Greggs’ share price over his nine-year term, will resign in May and hand it over to retail and property director, 50-year-old Roisin Curry. The company has identified international expansion as its next growth area.