Bitcoin Hits $50,000 But Will It Go Higher And Should You
Invest In Cryptocurrency?
Bitcoin jumped $50,000 (£36,480) for the first time in three
months before falling back slightly, as the cryptocurrency continues to recover
from a slump, the BBC reports.
The coin fell sharply in May after a crackdown in China and
a decision by Elon Musk's Tesla not to accept it as payment.
Investor confidence is improving as more mainstream
financial companies begin using the digital currency.
Although still down on a peak of $63,000 in April 2021, Bitcoin
is still up 80% since January, when it was trading at just $27,700.
On Monday, it climbed almost 3% to $50,266.90 while Ether,
another popular digital coin, was up more than 4% at $3,367.51.
PayPal will now allow customers in the UK to buy, sell and
hold Bitcoin and other digital currencies as it expands its crypto services
outside of the US for the first time.
Boasting 403 million active accounts globally, the US firm
is one of the largest mainstream financial companies to offer users access to
cryptocurrencies.
Continued support from the US Federal Reserve for the US
economy has also bolstered Bitcoin recently, analysts say. It is holding
interest rates at record lows and making riskier assets more attractive to
investors.
Neil Wison of Markets.com said Bitcoin's rebound "shows
no signs of cooling", although he said he expected to see some
"pullback" in the short term.
But Dan Ives from Wedbush Securities said Bitcoin remained
"a highly volatile digital currency", despite growing investor
optimism. Source: BBC.
Millionaires
and millionaire habits have been studied and documented at academic levels for the
last hundred years. Bestselling books, like The Science of Getting Rich and
Thinks and Grow Rich, were written almost a century ago. I have also published
my own book on how people get wealthy: Yes Money
Can Buy You Happiness. You can find it on Amazon:https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858
We
know exactly what the millionaire and billionaire habits and traits are, as success
leaves tracks. All you have to do is follow their tracks to become
wealthy and financially free!
If you would like to learn more about investing and managing
your money, become a professional property investor, or would like tobe
financially free without working any harder, watch this free
on demand training.
I will give a special free
gift which can help you to immediately transform your finances when you attend
the online training.
Where Is The Cheapest Property For Sale In The UK?
The Daily Mirror reports that the cheapest property in the
UK listed on Zoopla is a £35,000 two bedroomed house in Hartlepool, County
Durham. The house in the Northeast of England looks like a bargain, but there
are cheaper properties.
Zoopla has a studio flat in Bradford listed for just £5000
and cheap properties are also listed in auction catalogues.
The average price of a home according to the Land Registry
is £265,668, so why the disparity?
There is an 8-bed terraced house in London’s Belgrave Square,
Belgravia listed for £77,500,000 and more expensive home have been sold
privately!
The adage “location, location, location” accounts for most
of the price differential across the country, but there are other reasons why apparent
bargain properties come on the market, especially in auctions:
·Defective construction
·Movement or subsidence to foundations
·Defective titles
·Defective leases
·Un-mortgageable properties
Buyers should beware and make their own checks and legal enquiries.
Millionaires
and millionaire habits have been studied and documented at academic levels for the
last hundred years. Bestselling books, like The Science of Getting Rich and
Thinks and Grow Rich, were written almost a century ago. I have also published
my own book on how people get wealthy: Yes Money
Can Buy You Happiness. You can find it on Amazon:https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858
We
know exactly what the millionaire and billionaire habits and traits are, as success
leaves tracks. All you have to do is follow their tracks to become
wealthy and financially free!
If you would like to learn more about investing and managing
your money, become a professional property investor, or would like tobe
financially free without working any harder, watch this free
on demand training.
I will give a special free
gift which can help you to immediately transform your finances when you attend
the online training.
The UK has a serious
shortage of workers in various industries such as, healthcare, hospitality and
building.
The NHS has a
staffing crisis according to the 2020 King’s Fund report into NHS workforce,
which revealed the following:
·NHS hospitals, mental health services and
community providers report a shortage of 84,000 FTE staff.
·There are 38,000 are nursing vacancies, or 1 in
10 posts.
·The immediate workforce shortfall is so severe that
at least 5,000 nurses a year must be recruited from overseas.
As the UK economy
recovers and restrictions are eased, the hospitality sector is suffering from a
post-brexit shortage of chefs and restaurant staff, and the building trade
needs more skilled workers, plasterers, engineers and electricians.
Office for National
Statistics (ONS) figures show an upsurge in the number of people in employment,
which rose by 182,000 to 28.9 million last month, but still 201,000 lower than a
year ago.
The unemployment
rate fell to 4.7 percent in the three months to the end of June from 4.8
percent previously, according to the ONS.
Job vacancies have
soared to a record high of 953,000 in May to July — up by more than 168,000
from last year.
The British Chambers
of Commerce warned the recruitment crisis could have a detrimental effect on
the economy, as well as pushing up wages to above inflation levels.
Shortages have already
driven up headline pay statistics, with wage growth hitting 7.4 percent over
the period, the ONS said.
Higher wages, labour
shortages and increased raw material prices are indicators of higher inflation.
Printing trillions of dollars, Euros and Pounds will add to inflationary
pressures and decrease the buying power of the money in your pocket.
Houses prices in the
UK and US appeared to have peaked with small declines recently.
Property investors
should see a return to a more normal buyers property market
in the coming months as we enter into the traditionally quieter autumn and winter
seasons.
Professional
property investors make money in property in any market – UP, DOWN or SIDEWAYS!
You can make money in property if you know how, and you do not even need to use
your own money. You can start with zero capital using many of the ‘no money
down’ strategies.
Would you like to
learn more about making money from property?
Click HERE for free
updates, courses and webinars on how to become a professional property investor
in your spare time using other people’s money.
Cladding Scandal Sees Buildings Insurance Premiums SOAR
1000%
As Insurance Premiums Across The Board Rise, How Can You
Save Money?
Owners of properties blighted by fire hazard cladding face
1000% hike in their building’s insurance and no solution for those trapped in
unsafe and unsaleable flats.
A 28 year old woman from Leeds, who bought her first flat
two years ago, has declared herself bankrupt after handing back the keys to her
virtually worthless property. But did she need to declare bankruptcy?
Insurance practice a process known as ‘walking the price’,
which will cost you thousands if you stay with the same company for years.
10 Tips To Save Money On Car Insurance:
1.Rule Number 1. Loyalty does not pay!
2.Never auto renew without shopping around first
3.Check renewal 2-3 weeks in advance of renewal
date
4.Go for low mileage insurance if you are not
driving so much now
5.Young drivers can save by adding an older, more experienced
driver
6.Try getting quotes for multi-car policies which
can save you money in some circumstances
7.Your own insurer could be cheaper on a
comparison site than they are quoting you directly
8.Make sure you get like-for-like cover – check
the small print and terms and conditions
9.At very least, ask your own company for a better
deal to stay with them
10.Paying monthly could cost you up to 40% extra –
pay in advance on a low interest credit card
On Wednesday February 10th at 7 PM, my friend Kevin McDonnell
running a free live online training to get you started in property and show you
how to overcome the most common beginner mistakes in property investing.
By Charles Kelly, Wealth Mentor, Property Investor, Author
of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more
articles at www.moneytipsdaily.com
There are more examples and practical
steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3
R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it
out on Amazon http://bit.ly/2MoneyBook.
Millions of people, or over 80% of the population, will
either retire in poverty or not be able to afford to retire at all. What’s your
strategy?
Quit the rat race and retire early
You can learn how to build a second income, acquire cash
flow generating assets using leverage in order to quit the rat race and become
financially free. This crisis has taught us that the only way to be truly
financially free is to build your own source of passive and semi-passive
income, rather than working on someone else’s passive income.
Smart investors take advantage of creative finance ‘no
money down’ tools in order to build massive property portfolios in a few
short years, as their hands are not tied by mortgage lenders and the need to
save large deposits and pay higher taxes.
Free property investment taster day
Before you any property, take time out to learn proven
successful strategies from expert multi-millionaire property investors on a
free taster ‘property discovery day’.
If you’d like more information on how to quit the rat
race, email me at Charles@CharlesKelly.net
or send me a message through Facebook or my Money Tips Daily community.
I recently attended a landlord’s meeting and was shocked at
the lack of knowledge in the room, especially regarding important changes which
came into effect this month.
Firstly, new legislation came into effect from the 1st of
June under the Tenants Fees Act 2019 regarding charging tenants – what you can and
cannot charge tenants. If you are a landlord and you ignore new letting rules,
you could face fines of up to £30,000 and a criminal charge, according to the
National Landlords Association (NLA).
Secondly, many of the landlords were unaware of Section 24 removing
mortgage interest tax relief on their buy-to-let mortgage.
Finally, landlords had no idea that following a court ruling
(Caridon Property Ltd v Monty Shooltz) Section 21 notices are invalid unless
the gas safety certificate has been given to the tenant before the tenancy
agreement has been signed.
Landlordsadvice.co.uk reports that Section 21A of the
Housing Act 1988 (as amended by the Deregulation Act 2015) provides that for
tenancies granted after 01 October 2015, a Section 21 Notice cannot be validly
served on the tenant if the landlord is in breach of a “prescribed
requirement”.
Remember that the landlord is ultimately responsible, even
if your letting agent screws up. Several agents in my area had never heard of
prescribed information when I quizzed them.
The prescribed requirements are set out in The Assured
Shorthold Tenancy Notices and Prescribed Requirements (England) Regulations
2015 (the “AST Regulations”). Regulations list the requirement for a
landlord to provide a tenant with a gas safety certificate in compliance with
the Gas Safety (Installation and Use) Regulations 1998 (the “Gas Safety
Regulations”).
Regulation 36(5) of the Gas Safety Regulations states that
it is a statutory requirement for every landlord to ensure that:
(a) a copy of the
record made pursuant to the requirements of paragraph (3)(c) above is given to
each existing tenant of premises to which the record relates within 28 days of
the date of the check; and
(b) a copy of
the last record made in respect of each appliance or flue is given to any new
tenant of premises to which the record relates before that tenant occupies
those premises save that, in respect of a tenant whose right to occupy those
premises is for a period not exceeding 28 days, a copy of the record may instead
be prominently displayed within those premises.
However, Regulation 2(2) of the AST Regulations states that
the time limit for compliance with Regulation 36(5) of the Gas Safety
Regulations does not apply.
In this case, the court had to decide whether a landlord
could validly serve a Section 21 notice if Gas Safety Regulation 36(5)(b)
hadn’t been complied with at the start of the tenancy.
The judge came to this conclusion on the basis that a gas
safety certificate had not been provided to the tenant at the start of the
tenancy, before the tenant took up occupation although one was served shortly
before the service of the s.21 notice. Caridon Property Ltd. The ruling has
been appealed.
The judgement is a county court appeal and therefore not
binding on the county courts. However, the judgment is a decision of one of the
country’s leading housing lawyers and therefore County Courts may be persuaded
by this ruling when dealing with your claim for possession.
Interestingly, HHJ Luba is also one of the authors of
“Defending Possession Proceedings”, which is the textbook that most District
Judges have on their benches to consult when deciding housing cases.
AST regulations could be amended following this judgement or
the ruling heard by a Court of Appeal. In the meantime, any landlord who failed
to provide a gas safety certificate at the start of the tenancy, in other words
before the tenant moved in, is likely to find that they cannot serve a section
21 notice during the period of that tenancy.
The government recently announced proposals to abolish “no
fault evictions” under Section 21 notices.
On 26 June 2019, Prime Minister Theresa May confirmed the
government’s intentions during a frank speech at the Housing 2019 conference.
The Prime Minister said:
“…We are re-balancing the relationship between tenant and
landlord, making major changes that will make an immediate and lasting impact
on the lives of millions of families.
In the private sector we’ve already capped the size of
rent deposits and abolished letting fees, cutting the amount tenants have to
find upfront and making it harder for landlords and agents to take advantage of
desperate house hunters.
Now we’re going further…because if you rent a property it
will not be your house, but it is still your home.
And to me that means that if you pay your rent, play by
the by the rules and keep the house in good order your landlord should not be
allowed to throw you out on a whim. It is simply not fair.
So we’re bringing to an end the practice of the so called
no-fault evictions. Repealing the section 21 of the 1988 Housing Act.
A consultation on the changes will be published shortly,
with a view to introducing legislation later this year.”
The Government will shortly launch a consultation as to the
proposed repeal of section 21 of the Housing Act 1988 in which landlords will have
the opportunity to give their views to the government on this major proposed
change.
It is well worth becoming a member of the NLA, or similar
organisation, which represents the interests of landlords, lobbies the
government, runs a helpline and holds meetings all over the country.
The important thing is to learn your trade do your CPD by
keeping up with changes to legislation. Property still a good investment because you can use
leverage or bank and other people’s money to acquire properties.
If
you currently own property, I would not panic about new rules or jump ship as
they tend to drive out the cowboys or reluctant landlords. If you are planning
to invest, always educate yourself before dipping your toe in the market.
