Interested in Mutual Funds? Think Systematic Investment Plans!
More and more people like to be a part of mutual fund investments and explore a different way of earning money through such savings. At online sources you will find out so many kinds of investments to go ahead with. Internet is the place to be if you are willing to have a seamless experience. Where they say ‘mutual fund investments are subject to market risks’, people are ready to take certain risks. Online platforms offer you huge number of options for the investors to invest into. Gone are the days when people used to think twice before investing. Today even the beginners find it exciting to invest in to Mutual funds and be a part of the saving plans. Where on one hand there are many ways of investing, the systematic investment plans have become a popular choice. People are now regularly investing in such mutual funds wherein a fix sum of amount is regularly invested.For more than a single reason, regular savings that people can think about positively. There are lots of merits associated with SIP for the investors.With systematic investment plans the investor gets a chance to buy units as per date that is given every month so as to go ahead with certain investment planYou can simply decide about the amount that you wish to invest in these plansAfter deciding on the amount, you are allowed to hand over the postdated cheques so as to invest regularlyIt is very safe to invest equity mutual funds and unit linked insurance through the SIP modesFor small investors it is the best thing to do to take up SIPIf investors wish to manage their investments on monthly basis, the SIP is perfectly suitable for you. With such a plan the investors receive much required discipline, easy management and tools to manage the investments. Are you willing to manage certain amount of investments on regular basis instead of managing a big amount at one go? Systematic investment plan will suit you for sure! Over certain time period you can easily average your investments if you go ahead and invest into mutual funds through SIP.If you are really interested in to investments you can think about systematic investment plans. With such an investment you can manage your investment amount rather than catching up with the ups and downs in the markets. The investors can accurately obtain lesser units whenever the market is on a rise. On the other hand you also get a chance to capture more units whenever the market is on a down-side. You can easily judge yourself when to buy more and when to buy less as per the increase and decrease in the price. With a systematic investment plan you enjoy two major advantages namely power of compounding and rupee cost averaging. Make more SIP investments and manage to earn more by keeping an eye on the markets.
Must See Places When You Travel Europe!
If you want a taste of diversity and history then there can be nothing better than to travel Europe. Given Europe’s vast geography, it is very difficult to travel to all the places worth visiting even if you have a multi-week travel plan in place. In order to experience all that Europe has to offer, it is said that you need much more than a lifetime. Given the limited time that you have when you plan to travel Europe, it is very important that you have the best plan in place. Given below is the list of places that you should not miss if you have planned to travel Europe.London:London, the financial capital of Europe, is a must visit place in Europe. As the capital of a county with a rich history there is so much to see and do in London. On your visit to London, some of the attractions that you cannot afford to miss are Tower Bridge, Big Ben, St Paul’s Cathedral, Madame Tussauds museum as these are the places which have long defined London. London Eye is the new world landmark in London and a ride in the London Eye gives you a beautiful view of the River Thames and the entire city of London. Almost all of the famous tourist spots in London are easily accessible. The city also has some of the best fine dining options and some of the oldest and most beautiful parks in the world that should not be missed.Paris:The most romantic city in the world, Paris is another place in Europe that you cannot afford to miss. Paris is a beautiful city by the banks of River Seine and has several places that are hotspots for tourists. Eiffel Tower has always represented Paris for the tourists just for the breathtaking view of the city that you get to experience from the tower. Musée du Louvre is another place that art lovers should not miss out on if they want to see the world-famous Mona Lisa. For shopping enthusiasts Avenue Montaigne is just the place to go to as it is home to world-famous brands such as Louis Vuitton, Givenchy, Dior and Chanel.Berlin:History comes alive at Berlin as the city has witnessed some of the most defining moments over the last century and many more before that. Berlin wall which once represented the city is no more but some of it has been preserved as a memory and history. During the cold war the city was divided in four blocks and even now each of these parts looks and feels entirely different from each other. For the lovers of theatre the city has more than fifty theatres and more than one hundred and fifty museums for history lovers.Switzerland:The picture perfect country of Switzerland nestled high up in the Alps has always been one of the most popular destinations when you travel Europe. This country shares its borders with Germany, France and Italy which makes it easily accessible. Switzerland has the distinction of being the most visited country by tourists in Europe. Apart from the best watches, chocolates and the famous Swiss banks, this country is blessed by rare natural beauty and is visited by tourists who love winter sports.Europe is too big to cover in one vacation but the above mentioned destinations are a must see for first time visitors. Other equally popular destinations are Athens, Venice, Lisbon, Malta, Austria, Ireland, Scotland and many more.
Crypto Currency Vs Fiat Currency
Crypto currency vs. Fiat currency
Are you aware of the fiat currencies and the crypto currencies? They both are currencies in one form or the other and are open for public use across the world. But they are both different and distinct in their own ways. There is always one group that favors the use of cryptos, while the other has a soft corner for the fiat currencies.
In cashless society- crypto money play a huge role
If you have a look at the market of the 1970s and 1980s, you will find that the cash played the dominant role. But, with the change in the technology, electronic transactions have become the usual norm. Today, more and more people are influenced in becoming the cashless society. With the progress towards the cashless society, cryptocurrencies have a big role to play.
Crypto currency and fiat currency are always at loggerheads
Cryptocurrency and fiat currency are popular types of digital currency, especially when it is about an online transaction. They both are currencies currently in use in the market but have some differences in them. There is a hell lot of hypes that you will hear on a daily basis comparing the crypto money and the fiat money. This article will highlight the difference between the two in a more comprehensive and clear manner.
Differentiating in what the currencies stand for
Before going for the difference between the two, you must understand what do they stand for and how are they are defined.
The fiat currency is a legal tender that has the support of the central government, and it operates in the physical form. For instance, US dollars, British Pounds, Euro etc. On the other hand, the crypto currency is a non-legal tender, and doesn’t have any backup from the central government or bank.
Hence, the difference between crypto currency and fiat currency is noted as follows:
• Crypto-currencies are decentralized and global in nature. There are no one entity or government that controls the currency with their laws and regulations. The Fiat currency is centralized, under the control of the laws and regulations of the banks and government.
• Crypto-currencies have their existence only in the digital domain. On the other hand, you will find that the fiat currencies have a tangible and physical existence.
• There is a limited supply of crypto-currencies with a maximum set of them getting supplied in the market. Whereas, the fiat money has an unlimited supply as the government and bank are entitled to produce coins and paper money whenever the situation is required.
• The Bitcoin and other crypto type currencies are created by the computers, while the fiat currencies are issued by the local government and the banks.
• Cryptocurrencies are presented as the public and private code pieces. On the other hand, the fiat currencies are presented in the form of coins and paper money.
• The value of the crypto currencies is not recognized by the supply and demand of the market. Whereas, the fiat currency value is determined by the market regulations of supply and demand.
The different types of crypto and fiat currencies
In the last one decade, the popularity of crypto type currencies has emerged as a huge success. It was in 2009, when Bitcoin was first introduced, and years after several other types of crypto currencies have emerged. Starting from Litecoin. Dogecoin, Ripple to the Dcash and Zcash, there is a plethora of them. On the other hand, the fiat currency has a rich and ancient roots, with the Great British Pound, that dates back to 775 AD. It is considered as the oldest currency in the world that is still in use.
The differences in the anonymity between the two currencies
When you are using the fiat currencies, you need to undergo a user identification or verification process. You are asked to upload a recent picture of yourself and some of the required documents to be issued as per the public authorities. You don’t need to undergo any of the required processes with the crypto currencies. Though your personal information and confidential details don’t get public, but all your transactions are recorded and tracked in both the fiat and the crypto currencies.
Fiat currency vs crypto currency: transparency level
• The transparency level with the crypto type currencies are considered to be more. This is because the revenue streams are displayed in a public chain. Everyone can witness their own and others’ transactions.
• The fiat or govt. currencies are not transparent, as there are not public chains to see the revenue streams of the people.
A comparative historical roots
If you compare the crypto money with that of its counterpart, fiat or government currency, you will find that their existence and creation brings the difference. The Fiat or government currency, dates back its existence as early as 775 AD with the introduction of the Great British Pound. This is why fiat type currency is easily accepted by the people all over.
On the other hand, the crypto coin was perhaps first introduced only a decade ago, with the introduction of Bitcoin in 2009. The challenge that the Bitcoin and other crypto currencies face is catching up with the immense popularity and increasing fan base of the fiat currency. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency.
A comparative history of the two currencies:
• It was in the 11th century, when the Chinese Song dynasty was perhaps the first one to issue the paper money. It was not allowed to exchange with valuables like gold and silver or silk.
• There were Tally sticks that were introduced as a fiat or government currency. 1100 Tally sticks were introduced as a combat for the shortages in gold.
• 1971, was the year, when the fiat currency received a worldwide recognition. President Nixon introduced it in order to eliminate the dollar pegging system to gold.
• It was in 1998, when the idea of an anonymous electronic cash system emerged by Wei Dai. Bitgold-the very first crypto currency was created by Nick Szabo, but it didn’t receive as much attention as Bitcoin.
• In 2009, Bitcoin was introduced in the market, that became the first crypto currency that was accepted across the globe. In 2011 and after, a series of several other crypto currencies were introduced. Some of the popular ones include, Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.
The traits of both the currencies
The potential of the crypto type currencies and fiat currencies, accessing their traits is important. You will find that in some of the criteria, Bitcoin and other crypto currency is superior than the fiat or government currency, and in some cases, the latter surpasses. It is absolutely your call to choose the type of currency (crypto type currency or fiat type currency) based on your personal needs and requirements.
Let us compare their traits with respect to certain factors.
• Both the crypto coins and fiat type currencies are interchangeable in nature.
• As per the portability is concerned both the currencies secure more or less the same position.
• With respect to the non consumable criteria, crypto currency and fiat type currency have the equal status.
• Crypto type currencies have high durability as compared to the fiat-currencies that have moderate level of durability.
• Both the crypto or virtual currencies and the fiat or government currencies ensure secure and safeguarded transactions and exchange.
• Crypto or digital currencies are highly divisible in nature. On the other hand, the fiat type currencies are moderately divisible.
• In terms of the transaction process, the crypto currencies are easy and hassle free. Whereas, on the other hand, the traction process associated with the fiat currencies are easy, but not like the cryptos.
• The crypto based currencies are decentralized and global in nature, unlike the fiat currencies that are centralized and functions under the laws and regulations of the government.
• The crypto based currencies have high scarcity, where as, the fiat currencies are unlimited as the government can issue coins and paper money whenever there is a need.
• The crypto based currencies are based on mathematical algorithms, and are programmable. The fiat currencies are not at all programmable.
• The fiat currencies are sovereign in nature, while the crypto currencies are not.
The process of the functioning of the currencies
You can find the significant differences between the crypto or digital currencies and the fiat currencies with the way they both operate and the transaction process that take place. They are contrasting in nature. The transfer of money using the Bitcoin is very quick, and you absolutely don’t need any third party association.
On the other hand, if you are involved with the money exchange using Fiat type currency, a mobile wallet is in use. You can exchange an amount of e-money that gets transferred into the equal e-value amount. Both the fiat and the crypto currencies enable you to purchase everything that you desire. But the processes involved are absolutely distinct from each other.
Depending on the things you purchase, you will find that one currency form is better than the other. This is absolutely your choice.
Is Bitcoin, a crypto currency better than the fiat-currency?
The long term benefits and the capability of the Bitcoins is still not established. But it has been predicted by the crypto currency gurus and experts, that they will go a long way, especially revolutionizing the way the online transactions are done. In the current market, the Bitcoin is mainly included in the online casinos and the gambling, but it is not limited to it.
Furthermore, when you compare the fiat currencies, the Bitcoin allows you to seize the power and authority from the banks and the government since it is not controlled. The cryptography based currency has the capability to create or come up with the free market capitals. Fiat currencies are affected by the inflation and the changes in the market, unlike the crypto based currencies. Such aspects make individuals believe that cryptograph based currencies will soon take over the mainstream currencies and bring a transformation in the way the money is used.
Why is Bitcoins considered to be a better aspect than the fiat type currencies?
• Bitcoin gives you the opportunity to re-create a free market capitalism.
• The power of controlling the money is absolutely with the individuals, and not with the banks like the fiat type currencies.
• When there is an inflation, the Bitcoin is not affected. But the Fiat type currency will be easier to lose and get affected by it.
• The Bitcoin currency is easy easier to exchange and transfer as compared to the fiat or government currencies.
• The transaction fees involved with the Bitcoin are way cheaper and easily affordable.
Crypto currencies seem to be a favorable option among the people
The fiat type currencies are the centralized and legal way of exchanging money. But, the crypto currencies have acquired immense popularity in the past few years. There will never be anyone who would act as a middle man, like the case with the banks. Moreover, the cryptos are way cheaper and less expensive that the conventional fiat currencies.
Send money anywhere directly without waiting for the bank’s approval
You can send money to anyone in the world directly, and it is super fast. The money gets cleared within a few minutes time. You don’t have to wait for the traditional clearing and verification processes of the banking systems, which might take up to several days to get a clearance. Since it is decentralized and doesn’t come under the law and regulations of the government, nobody has any power to do anything with your account.
The blockchain technology has a very big role to play
Thanks to the crypto currencies, that gives us the power and the authority to become our very own bank, and take control over our finances. It is because of the blockchain technology that offers a higher level of sophistication while dealing with the finances. In fact, there are some mainstream financial industries that have started incorporating the idea of the technology.