What You Should Know Before Using ExpertOption

Published on: 27 May 2018 Last Updated on: 09 August 2019

ExpertOption, a binary options broker launched in 2015 and based in St Vincent and the Grenadines is a relatively new broker within the binary options arena.

In their 2018 review of ExpertOption, BinaryOptionsExpert.net praise their ability to cater to both more and less experienced investors, giving an overall rating of 4.8 stars, with ExpertOption scoring between 4.6-5.0 stars throughout the categories of Accounts, Bonuses, Features, Trades, Mobile, Banking and Support.

What’s Good About It?

ExpertOption offers four account types, each with varying benefits and deposits: the Mini Account with a $50 deposit, alongside the Silver, Gold and the VIP Account, which requires a $2,500 deposit. BinaryOptionsExpert.net award ExpertOption’s Account Types 5.0 stars, identifying them as a great beginner broker, with a minimum trade of just $1.

ExpertOption offer over 50 assets, with gold, oil, stocks, currency pairs, and Forex pairs, earning them 4.6 for Trade Types and Payouts. Moreover, ExpertOption offers two trade types: 60-second options: an extreme option in terms of expiry times, which is great for traders with limited time. The second trade type, High/Low Options has a 15-minute expiry time, offering greater flexibility. ExpertOption also claims to offer bigger payouts than other brokers, with up to 95% of profits being rewarded.

Bonuses and Promotions are one of the expert options strengths, earning a perfect 5.0 stars, thanks to their sliding scale bonuses based on account types. A 50% bonus is available with a Mini Account, increasing to 80% with the Silver Account, 100% with Gold and 125% with a VIP Account.

ExpertOption accepts debit, credit cards and alternative payment methods including Skrill and Neteller. Commission-free withdrawals and the speed and ease with which deposits can be made earns their Banking capabilities 4.7 stars. Following the $50 deposit required to open a Mini Account, the minimum deposit required thereafter is $10, with priority withdrawal for Gold and VIP Accounts.

When it comes to Customer Support (4.9 stars), BinaryOptionsExpert.net noted ExpertOption’s 5 different contact options and languages: English, Russian, Chinese, Thai and Hindi, each with a phone number and email address. Inexperienced traders can get accustomed to the platform without risking real money, thanks to the $10,000 demo account, whilst an informative education center covers everything from trading strategies to jargon, earning ExpertOption’s Special Features 4.6 stars.

What Could Be Improved?

Despite an impressive 4.8 star rating thanks to apps for iOS and Android devices and a mobile site, BinaryOptionsExpert.net note the difficulty in navigating ExpertOption’s mobile site, with a lack of responsiveness and certain aspects not being optimized for mobile usage.

Although ExpertOption claims to offer a quick withdrawal turnaround time, exact time is not stated, with some traders experiencing more long waiting times. Equally, whilst ExpertOption’s English helpline is available 24/7, helplines in other languages are only available at specific times Monday-Friday.

Overall:

Ultimately, BinaryOptionsExpert.net highlight ExpertOption’s suitability for new and experienced traders alike. A useful demo account and extensive educational resources facilitate risk-free trading for inexperienced users, whilst the mobile app is ideal for trading on the go.

With accounts ranging from Basic to VIP and the ability to open an account with just $50, this review reaffirms how traders of all levels can try ExpertOption.

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Investing In Sweat Equity: Tamara Loehr’s Winning Model

The traditional investment model is a flawed system, an old dinosaur that needs to evolve. It’s time we reevaluate the conventional wisdom surrounding investments, which is overly fixated on businesses that are already successful and tragically shortsighted when it comes to companies teetering on the edge of growth. In traditional investing, there’s an unspoken rule: the golden ticket to getting funding isn’t innovation or potential but a proven track record of making at least $10 million. This is a narrow-minded approach that does nothing more than stifle the very heart of our economy—small businesses. Introducing sweat equity Eight-figure entrepreneur, growth mentor, and innovative investor Tamara Loehr (www.tamaraloehr.com) bring a breath of fresh air to the world of investing. She’s not your usual investor who waits for businesses to reach millions before swooping in. Instead, she actively seeks out businesses with potential and partners with them by investing her expertise and services to help them achieve growth and significant returns. She calls this sweat equity investment, a unique model that’s a game-changer for businesses. Tamara doesn’t merely provide financial backup; she rolls up her sleeves and brings a wealth of expertise, strategic vision, and creative solutions to the table. It’s a holistic approach that not only increases the likelihood of success for the businesses she invests in but also amplifies the potential returns for both the entrepreneur and herself. By focusing on small businesses and collaborating with them closely, Tamara is paving the way for a new era of investing that champions small businesses and fosters a more inclusive and dynamic business landscape. What is sweat equity? Sweat equity is a unique investment model where investors exchange their expertise, resources, and time for equity in a business. Tamara came up with this innovative approach to investing after seeing how traditional methods often left entrepreneurs struggling to repay loans or lose equity in their businesses. In this model, instead of investing cash, investors offer services to companies in exchange for a stake in their business. It's a win-win situation for both parties, as businesses receive the much-needed resources to grow, while investors gain a stake in a growing business. Why sweat equity works Sweat equity investment offers a unique and innovative approach to investing that can provide a range of benefits for both investors and entrepreneurs. If you're a creative investor looking to explore new investment opportunities, sweat equity investment is worth considering. Entrepreneurial access to expertise One of the key advantages of the sweat equity investment model is the access to expertise it provides to entrepreneurs. Founders have a strong vision and passion for their business but may lack skills or experience in areas such as finance, marketing, or operations. By partnering with a sweat equity investor with expertise in these areas, businesses can leverage this knowledge and experience so they can succeed faster. Sweat equity investors like Tamara are experienced business owners who have a track record of building and scaling successful companies. They are looking for new investment opportunities that align with their expertise and interests and are willing to offer their skills in exchange for equity. This type of partnership allows entrepreneurs to access the expertise they may not be able to afford to hire on their own. Entrepreneurs also gain access to an investor’s connections. These investors often have a vast network of contacts that can be beneficial to the business, including suppliers, customers, and other professionals in the industry. Sweat equity investors also have a vested interest in the success of their investments. They are not just passive investors but active partners who are invested in helping their partners achieve their goals. This means that they are likely to be more involved in the day-to-day operations of the business, offering guidance and advice as needed. Capital conservation Instead of pouring all their capital into hiring consultants or buying equipment, businesses exchange equity for the expertise and resources they need. This approach can be particularly useful for startups and small businesses that may have limited financial resources. When entrepreneurs team up with sweat equity investors, they’re essentially receiving support and guidance in exchange for equity. By doing so, they’re preserving capital and freeing up funds that can be reinvested in other areas of their business. This can be a game-changer, especially in the early stages of the business when cash flow is often a major challenge. The value of sweat equity extends far beyond the immediate financial gain. Entrepreneurs gain access to experts who are invested in the success of their business and who can help build and grow the company over time. By leveraging sweat equity, they’re setting themselves up for long-term success and sustainability. Risk mitigation When it comes to investing, risk is always a factor to consider. However, the risk can be mitigated with sweat equity investments. Investors and entrepreneurs share the risks of a sweat equity investment, thereby reducing the financial burden of starting, growing, and investing in a business. This shared-risk approach provides a safety net for entrepreneurs who may not have the financial resources to weather unexpected expenses or a downturn in the business. And because the investor is a partner and has a vested interest in the success of the business, they are more willing to provide support during difficult times. Overall, the risk-sharing associated with the sweat equity model can help entrepreneurs avoid bankruptcy or failure and increase their chances of success. Long-term commitment One of the most compelling reasons for exploring sweat equity investment is the long-term commitment it demands from both the entrepreneur and the investor. In a traditional investment model, investors are primarily focused on achieving financial returns and may not have a vested interest in the long-term success of the business. With sweat equity investment, both parties have a shared interest in the success of the business. The investor is contributing not just financial resources, but also expertise and guidance, which makes them invested in the company's future. This commitment from the investor can provide stability and security for the entrepreneur, who has a partner who is as committed to the business's success as they are. This shared commitment also means that both parties are willing to work together through challenges and changes, adapting and evolving as needed. In essence, sweat equity investment creates a partnership based on a mutual commitment to the business's long-term success. This long-term commitment is especially valuable for creative investors who are looking to invest in innovative, high-potential businesses. They have the opportunity to be part of something they believe in and help guide the company toward its full potential. Credibility booster Sweat equity investment is not just a way to conserve capital or mitigate risk, but also a chance to enhance an entrepreneur’s credibility. Customers and investors are more likely to do business with a company that has an experienced partner behind it. This type of partnership can lead to a reputation boost that ultimately results in more opportunities for growth and expansion. Aligned goals With sweat equity, the investor becomes a stakeholder in the business and has a personal interest in seeing it succeed. This shared interest ensures that both parties are working towards the same objectives and helps create a more collaborative and supportive relationship. When investors are only focused on financial returns, there can often be a misalignment of priorities with the entrepreneur. This misalignment can lead to conflict, mistrust, and a breakdown in the working relationship. With sweat equity, however, both parties have a vested interest in the success of the business. This shared interest can foster a strong sense of trust and cooperation between the two parties. Also, when the investor is invested in the long-term success of the business, they are more likely to stick around and provide ongoing support and guidance to the entrepreneur. This can help the entrepreneur navigate the challenges of growing a business and accelerate the path to success. Value-added mentorship One of the key benefits of the sweat equity investment model is the personalized mentorship that investors inevitably provide to entrepreneurs. For many entrepreneurs, starting a business can be overwhelming, and they may lack the necessary experience in certain areas of the business. This is where mentoring by a sweat equity investor becomes crucial. With their guidance and support, the entrepreneur can avoid costly mistakes and take the right steps to grow their business. The mentorship also provides entrepreneurs with an outside perspective and a fresh set of eyes. This can help identify areas of improvement and opportunities for growth that may have gone unnoticed. Through regular communication, investors can hold entrepreneurs accountable and help them stay on track with their goals. Ultimately, mentoring is a win-win situation for both parties. The entrepreneur gains valuable insights and guidance, while the investor can contribute to the growth and success of the business. With the right mentorship, entrepreneurs can take their businesses to the next level and achieve long-term success. Takeaway Sweat equity is a game-changing investment model that provides a host of benefits to both investors and entrepreneurs. Tamara’s approach, which focuses on creating a long-term relationship between the investor and the entrepreneur, allows for a unique level of collaboration and expertise-sharing that traditional investment models cannot provide. Not only does sweat equity offer a way for entrepreneurs to conserve capital and mitigate risk, but it also leads to an alignment of goals between business and investor. As an investor, it's essential to explore this innovative approach to investing and consider incorporating it into your investment strategy. By doing so, you’re not only investing in a business but in the potential growth and success of the entrepreneur themselves. Read Also: A Beginners Guide to Listed Investment Companies How to Successfully Turn Around Struggling Companies Is Investment Managers A Good Career Path In 2021?

Ideal Retirement Age Planning: Strategies For Financial Freedom

When approaching retirement planning, it is widely recognized that starting early is a cornerstone of ensuring a secure and comfortable retirement. The notion of an ideal retirement age may vary individually, but there are certain age-related milestones that can guide individuals in maximizing their retirement benefits and minimizing penalties. Consistent saving from the beginning of one's career, coupled with a clear understanding of these milestones, is essential in laying a strong foundation for the future. Retirement planning is not a one-size-fits-all process; it involves a series of strategic decisions tailored to an individual's life stages and financial situation. Assessing how much do I need to retire on $100,000 a year in retirement is another critical component of the process. This involves not only saving but also making informed choices about retirement accounts and investments to ensure that the funds will grow adequately over time. Individuals must also be mindful of specific age benchmarks that impact retirement planning. For example, being aware of when they are eligible for certain government programs and the implications of withdrawing retirement funds at various ages can help in avoiding unnecessary fees and optimizing benefits. This strategic management of timing in relation to age is a key aspect of effective retirement planning. Determining Your Retirement Goals When planning for retirement, individuals must carefully assess their financial needs and health factors to establish a clear and realistic set of goals. Assessing Financial Needs A critical step in retirement planning is determining the amount of savings required to sustain one's desired lifestyle. Retirement calculators can be instrumental in estimating the necessary nest egg. These calculators assess current income, savings, and anticipated retirement age to provide a personalized savings goal. To tailor these estimates, individuals should consider: The proportion of current income they aim to replace during retirement is often recommended to be around 70-80%. Expected major expenses, such as housing and leisure activities. Potential sources of retirement income, including Social Security benefits, pensions, and annuities, which can reduce the reliance on personal savings. Evaluating Health and Life Expectancy Individuals' health status and life expectancy play a significant role in retirement planning. Those in good health may require a larger nest egg to support a potentially longer retirement period. Key considerations include: Life expectancy data to inform the duration of retirement savings should last. The cost of health care, generally rises as one ages, necessitates a larger reserve in the retirement fund. Long-term care insurance can mitigate the risk of high unexpected health-related expenses. By focusing on these aspects, individuals can establish a retirement plan that aligns with their unique circumstances and supports a financially secure and healthy retirement. Retirement Savings Strategies Optimal retirement savings strategies are centered on maximizing contributions to retirement accounts, understanding the significant effects of compounding over time, and balancing risk with investment choices. Maximizing 401(k) and IRA Contributions Individuals should aim to contribute the maximum allowed amounts to their 401(k) and IRA accounts each year. For 2024, the contribution limit for 401(k) plans is $20,500, with an additional $6,500 in catch-up contributions permitted for those aged 50 and over. IRAs offer a lower threshold, with a contribution limit of $6,000 and a $1,000 catch-up contribution. Taking advantage of these limits can significantly enhance one's retirement savings, especially when employers match a portion of 401(k) contributions. Understanding the Impact of Compounding The power of compounding cannot be overstated in the context of long-term investment. When returns are reinvested, they generate additional earnings over time. This effect is particularly potent for those who start investing early. For instance, investing just $100 a month starting at age 20 could lead to a substantial accumulation by retirement age, assuming a modest annual return. Balancing Risk and Investment A well-balanced investment portfolio blends various asset classes, such as stocks, bonds, and possibly other investments, to align with one's risk tolerance. Typically, stocks offer higher growth potential but come with increased risk, whereas bonds traditionally provide more stable, but often lower, returns. As individuals approach retirement age, they may consider shifting their investment focus towards more conservative options to preserve capital. Additionally, the use of a Roth IRA can be beneficial for tax-free growth and withdrawals in retirement, depending on an individual's tax situation. Navigating Government Benefits Government benefits for retirees hinge on correct timing and a thorough understanding of eligibility requirements. This section guides through Social Security and Medicare, two pivotal components of retirement planning. Optimizing Social Security Benefits To maximize Social Security benefits, individuals must consider their full retirement age (FRA), which varies from 65 to 67 depending on their birth year. Claiming benefits at the FRA ensures the full monthly benefit amount. However, one can begin receiving Social Security payments as early as age 62, but this results in permanently reduced benefits. Before FRA: Reduced benefits At FRA: Full benefits After FRA: Delayed retirement credits Strategically, delaying Social Security benefits beyond the FRA can increase the monthly payment by a certain percentage until the age of 70, offering one of the simplest ways to enhance one's retirement income. Planning for Medicare Eligibility Medicare eligibility begins at age 65, regardless of one's FRA for Social Security. Enrolling in Medicare on time is critical as late enrollment can result in penalties and gaps in coverage. Medicare includes several parts: Part A: Hospital insurance, usually premium-free if one has paid Medicare taxes for a sufficient number of years. Part B: Medical insurance, covering doctor's visits and outpatient services, which requires a monthly premium. Part D: Prescription drug coverage. Understanding the interplay between Medicare and other health benefits is also important, as it might affect decisions regarding employment benefits or Marketplace coverage. Individuals should review their options within the IEP or Initial Enrollment Period (IEP). It begins three months right before the month of their 65th birthday whereas it ends after three months. Conclusion: Preparing for the Unexpected In retirement planning, addressing potential risks and preparing for unforeseen healthcare expenses are crucial. They often advise individuals on incorporating health insurance and long-term care into their financial strategy and emphasizing the importance of an emergency fund and insurance options. Incorporating Health Insurance and Long-Term Care One must assess the risk of healthcare expenses and the necessity for long-term care. Health insurance is vital for managing costs associated with medical care during early retirement, especially prior to Medicare eligibility at age 65. Long-term care insurance can safeguard one's finances by covering expenses that traditional health insurance does not, such as in-home care or assisted living facilities. Assess Early Retirement Needs: Individuals retiring before age 65 should plan for their health insurance coverage to bridge the gap until Medicare. Long-Term Care Costs: Evaluate the potential need for long-term care services, which can quickly deplete retirement savings. Building an Emergency Fund and Considering Insurance Options An emergency fund is a backbone of financial security, acting as a buffer against unexpected expenses. They also stress considering various insurance options, such as life insurance, to mitigate financial risks to dependents. Furthermore, understanding penalty-free withdrawals from retirement accounts can provide greater financial flexibility in case of emergencies. Emergency Fund Size: Aim to save at least three to six months' worth of living expenses in an easily accessible account. Insurance as a Safety Net: Life Insurance: Provides financial support to beneficiaries in the event of the policyholder's death. Flexibility with Retirement Funds: Familiarize with conditions under which penalty-free withdrawals from retirement accounts are allowed, to avoid unnecessary financial strain during emergencies. Read Also: Smart Ways to Invest in Gold How To Start Your Investor Journey: 5 Credible Options To Explore What Investors Should Know about Investment in Gold and Silver Assets

Term Plan Riders: Enhancing Coverage For Specific Life Situations

Term insurance, a form of life insurance, grants a lump sum to the beneficiary after the policyholder's demise within the policy's term. It is one of the most cost-effective and straightforward methods to safeguard your loved one's financial well-being in your absence. Term plan riders are optional features that you can add to your base term plan by paying a nominal extra premium. However, term insurance may not cover all the possible risks and contingencies you may face. For example, what if you survive a critical illness or a road mishap that leaves you disabled and unable to work? What if you lose your income due to a temporary disability or unemployment? How will you pay the premiums of your term plan if you are unable to earn? To address these gaps and enhance the coverage of your term plan, you can opt for additional benefits called term plan riders. Term plan riders provide extra protection against various eventualities. Different Types Of Term Plan Riders There are several types of term insurance riders that you can include in your base to improve coverage based on your specific needs. These riders usually have some common categories: 1. Rider of Accidental Death Benefit The rider dedicated to accidental death benefit offers an extra sum assured to the beneficiary if an insured person passes away as an outcome of an accident. Further, this percentage of the additional sum is determined based on the original sum assured and can differ among insurance companies. Some policies may impose a maximum limit on the sum assured for this rider, but the premium remains constant throughout the policy’s duration. For example, suppose a person has taken a Rs 60 lakh term plan and included the accidental death benefit rider for an additional Rs 20 lakhs on accidental death. If the policyholder experiences an unfortunate demise, the insurance will pay Rs 60 lakhs for non-accidental death and Rs 80 lakhs for accidental death (60 + 20). 2. Accidental Total And Permanent Disability Rider This add-on provides coverage if the policyholder becomes totally and permanently disabled because of his involvement in an accident. The disability could be loss of limbs, eyesight, speech, hearing, etc. In such a scenario, the rider pays the policyholder a certain percentage of the sum assured as regular installments or lump sum. The benefit of this rider is that it provides economic support to the policyholder in case he cannot work and earn due to a permanent disability. Before buying this rider, it is recommended to use a term plan calculator. 3. Rider Of Critical Illness The critical illness rider provides coverage when an insured individual gets diagnosed with any of the critical illnesses mentioned in the policy brochure, like heart attack, stroke, kidney failure, or even cancer. The rider pays a lump sum equal to the rider sum assured to the policyholder upon diagnosis of any covered illnesses. The policyholder can use this amount for treatment expenses, lifestyle changes, debt repayment, or other obligations. 4. Waiver Of Premium Rider Such a rider waives off all the future premiums of the term plan in case the policyholder becomes disabled or critically ill and is unable to pay them. The term plan continues without interruption and provides the benefit of death to the nominee. For example, suppose a person has taken a Rs 50 lakh term insurance policy with an annual premium of Rs 10,000 and included the premium rider waiver. If he becomes paralyzed due to an accident, he will not have to pay any more premiums for his term plan. 5. Family Income Benefit Rider This add-on provides a regular income to the nominee. Especially in case of the death of the policyholder during the policy term. The income could be a fixed percentage of the sum assured or a fixed amount paid monthly, quarterly, or annually for a certain period. The income benefit rider is usually offered along with the death advantage of the term plan. The rider becomes a must-have if the insured is the sole breadwinner in his family. Conclusion Term plan riders are a great way to customize your term insurance plan according to your specific needs and preferences. They provide extra protection and peace of mind to you and your family in case of unforeseen events. However, you should thoroughly analyze the various types of term plan riders available in India. Further, choose the ones you can afford. You should also read the policy document carefully. Make sure to understand each rider's terms and conditions, exclusions, and limitations before opting for them. Term plan riders can assist you in making your term insurance plan more comprehensive and effective. So, don’t wait any longer and add the best term plan riders to your term plan today! Read Also: How to Get Low-Cost Life Insurance for Seniors Some Kinds of Death are Not Covered by Term Life Insurance How Private Hire Insurance Takes You Out from Problems?

What You Should Know Before Using ExpertOption

What’s Good About It?

What Could Be Improved?

Overall:

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Investing In Sweat Equity: Tamara Loehr’s Winning Model

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Popular

Follow Us

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