1. Doing Nothing
Keeping your hard earned money in cash (such as a checking account) will make it much harder for your to properly prepare for retirement. In fact, most checking accounts lose money, when taking inflation into account. Investing efficiently and compliantly while abroad can be a daunting task, but with a little research, quality financial advisers can be found.
At O&G we have a book club where each month we share a list of books that every member should read to not only enhance our work environment but also for the sake of cultivating our own minds.
1-ReWork, by D. Hansson and J. Fried
This short and sweet book written by the team at 37 signals helped us reshape and simplify many internal processes at our firm.
IRAs are powerful tools available to American individuals, allowing them to save for retirement with tax-free growth, or on a tax-deferred basis. They are vastly under utilized because many people don’t understand how they work. We break down the basics below.
How are these online payment system providers seen as "web-banks" and how they compete with traditional banks for deposit?
When I’m talking with my Chinese friends about how low the interest rates are back home and even at Chinese banks, they tell me I should put some of my money in my Alipay or WeChat wallet. I am very surprised to find out that they are receiving over 4% interest. How can these firms afford to pay such a high interest rate? Is it the same as putting a deposit in the bank? Where do they invest the money? All of this will become clear in this article.
I’m waiting in the checkout line of a modern clothing store on HuaiHai Middle Road. When I’m ready to pay, I pull out enough cash to cover the expenses. The girl looks a little surprised and walks 10 meters to a table on the side that has the only cash counter on this floor, to check whether my cash is real. This is the first time I felt that paying in cash is a thing of the past. All other customers use Alipay, an online payment app that lets you pay by presenting a scannable barcode to the person behind the checkout. Welcome to the world of Mobile banking and mobile payment systems in China.
Going to a Chinese bank to open a bank account has always been an adventure. The first time you walk in assuming you have all the necessary documents and plan on being finished within 15 minutes, only to find out you actually need some more documents after waiting an hour on a small, uncomfortable bench. But what system is behind these banks and do they all operate in the same way? You will find out in this article.
• A backdoor Roth IRA allows you to get around income limits by converting a Traditional IRA into a Roth IRA.
• Contributing directly to a Roth IRA is limited if your income is beyond certain limits, but there are no income limits for conversions.
• The amount of Roth IRA contributions is normally limited, but a backdoor Roth IRA has no limits on the amount of the conversion.
About the O&G Research Team
The O&G Research Team holds Series 65 and Series 3 certifications and are experienced traders in international financial markets.
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- We are long some of the companies mentioned on this website;
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- The opinions expressed in this report do not constitute a buy or sell recommendation.