How To Wind Down After A Big Investment Day

The Arbitrage Magazine started in late 2008, originally envisioned as a simple newsletter for the National Finance Students Association at York University, in Canada (NFSA.ca). After David Tal joined the NFSA as the loosely defined Chief Editor, he decided to turn that simple newsletter into something bigger. However, the question still remains – how does bank transfers influence you? We hope to answer that question in this article. We will also offer some inspiring suggestions where you can invest and/or spend money you earn when playing the games of chance.

Using Offshore Companies for Maximum Benefit

Just like in anything related to business, you need to plan. Firstly, you need to answer these questions: Why is offshore company formation for you? What is your exit strategy? This is important: Not all jurisdictions are reliable. As a rule of thumb, you need to choose a jurisdiction that has a long-standing good reputation; you should choose a stable country.

An importing or exporting company might establish itself in an off-shore area. The offshore company would take orders directly from the customer, but have the goods delivered directly to that customer from the manufacturer or place of purchase. The profits arising out of the difference between purchase price and sales price would then be accumulated in either a tax free or low tax area.

Investing Your Gambling Winnings Is a Path to Success

Your regular income is expected, you know how much you are earning and when the check will be deposited. For this kind of predictable income, you should have already a plan in place on how to use it. Generally speaking, your regular income should cover your fixed expenses, variable expenses, and savings toward your financial goals. This is where large scale gambling wins could be used to actually push you forward, whether it is early retirement or lucrative investments.

Depending upon how much money you won when playing games of chance, and assuming you have a little time before you claim your winnings, you will be wise to begin looking for a place to hold your money and to research savings vehicles or security types to invest your cash.

Lump sums can come from several different sources — a pension payout, inheritance, the sale of property or a business, or perhaps winning the lottery. The general rule applies: if the lump sum is 20 percent or less of your current savings, then your asset allocation shouldn’t be affected. Simply invest according to your current investment policy.

So what is the best thing you can do with your jackpot short-term? Instead of leaving the money in your current account, or even a savings account offering very poor interest rates, tell the bank to transfer the money to a money market account for a fixed period of a week, a month or longer, depending on how much time you need to properly establish your priorities.

However, if you want to play it safe, gambling wins can pave your road to long-term stress relief. Depending on your individual circumstances and existing retirement provisions you may want to consider using your money to invest in a pension. Investing in a pension has a number of tax benefits, and depending on your income it could boost the value of your fund by up to 50%.

Of course, it goes without saying that there cannot be a major gambling win if you don't play the games of chance in the first place. There are a lot of recommended online games at http://www.acekingdom.com that you can play to nudge your finances. And, as Derek Trotter of the famed Only Fools and Horses sitcom would say: "He who dares, wins!"