Housing is doing better. It’s not doing great but it doesn’t have to be right now, for either investors or the economy.
The National Association of Realtors said today that existing-home sales dropped 3.2% in July to an annual rate of 5.39 million units, with the median price rising 5.3% from a year ago to $244,100. That missed expectations for a 5.5 million-sale annual rate.
New home sales, meanwhile, hit a forecast-busting 654,000 units annually, the best in nine years, according to a Census Bureau report Tuesday. “[It] turned out to be the forecasting equivalent of Katie Ledecky against the field,” Regions Financial chief economist Richard Moody said afterward.
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The news is pretty good in the short term, but not all that huge in the context of time. New home sales are still weaker than in any year since 1992, as the Wall Street Journal’s Nick Timiraos reported yesterday.
Adjusted for population, they’re at about 63% of their 50-year average level — way better than in 2011, but nowhere near heated, Trulia.com (Z) economist Ralph McLaughlin said. Existing-home sales are better — they’re right about where they were in the late 1990s amid the Internet boom. They’re consistent with a strong economy, but they haven’t matched the soon-regretted peaks of 2007, or even kept up with the population growth since 1998.
The housing market is, basically, good enough to do the job — if the job is to push unemployment a little lower and demonstrate that consumers are willing to spend a little more each quarter and keep the nation’s third-longest expansion since World War II moving.
And that ought to be at least fairly favorable for home-building stocks like KBHome(KBH) and Pulte Home Group (PHM) , not least because it gives them room to keep growing steadily for a few years before anything like a housing correction. Indeed, the problem with existing-home sales is that there are too few such homes on the market, said Lawrence Yun, chief economist of the National Association of Realtors.
“Severely restrained inventory and the tightening grip it’s putting on affordability is the primary culprit for the considerable sales slump throughout much of the country last month,” Yun said in a statement. “Lack of supply is stifling the efforts of many prospective buyers attempting to purchase while mortgage rates hover at historical lows.”
That’s especially true in the condo market that serves first-time buyers in high-cost markets like California, he said. The pent-up demand is benefiting home builders, though, as recent earnings reports demonstrate.
Luxury builder Toll Brothers ( TOL) said Tuesday its quarterly earnings jumped 69% to 61 cents per share, while revenue rose 23.5% from a year earlier to $1.27 billion. Analysts had expected $1.25 billion, according to estimates compiled byThomson Reuters.
“Our business is really, really good,” CEO Doug Yearley said Tuesday on CNBC. “The pent-up demand is continuing to build.”
Builder stocks surged after the new-home sales data reported Tuesday, bringing the year-to-date return of the S&P Home Builders Select Industry Index to 5%, lower than the gains of the S&P 500. All of that money has been made in the third quarter, as concerns about a recession have begun to dissipate.
The quiet word among savvy frequent travelers is that lately many have shifted their focus from airline rewards programs to hotel programs.
Surprised? Understandably. For decades hotel programs have been the ugly duckling of rewards for travelers. But things are changing. “People usually can use hotel rewards with no problems. With airlines, it’s a different story,” said Jason Steele, a travel rewards journalist based in Denver.
Bluntly put: it just has become very hard to cash in airline miles for free flights, certainly not to desirable locations. Go ahead: try to book a free flight to Hawaii during Christmas. It just is about as likely as winning Mega Millions.
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But what many travelers are finding is that – in an era of full flights – it has gotten difficult to cash in miles for free trips even to less desirable locations, over less desirable dates.
With hotels, it’s totally different. Joe Brancatelli, who blogs at JoeSentMe.com, said, “Here’s the main difference between airline and hotel programs for the average traveler: hotel chains are running at 60 to 65% occupancy. So there’s almost always a room to be had free. Availability of awards is generally wonderful.”
That’s key. You may have 50,000 miles in your United kitty, but you may not be able to spend them on a free flight. On magazines, sure. Maybe seat upgrades. Flights, not so much.
Brancatelli added: “Travelers just do not understand how valuable hotel programs are. The chains are in intense competition all around the world. Plus elite status is easy to get and is useful — free Wifi, some upgrades, late checkout, etc.”
With continued, significant volatility in the U.S. and global financial markets, driven primarily by a post-Brexit fallout, lower oil prices, and an economically weaker China, investors looking for a “safe harbor” are turning to real estate, either through direct investing or via real estate investment trusts (REITs).
Why real estate?
In a word, it’s all about performance. Consider these figures:
- According to a 2014 report from CEM Benchmarking, equity real estate investments outperformed all other alternative investments in a recent 14-year period, with 11.3% annualized returns.
- Another recent study from Real Capital Analytics, shows that foreign investors plowed $87 billion into the U.S. commercial real estate market in 2015. That’s up from $5 billion in 2009. (According to Real Capital, office towers, warehouses, apartment buildings, shopping malls and hotels were the main targets acquired by overseas investors in search of higher yields.)
- A report from REIT.com spells it all out for investors looking for opportunity in the global real estate markets for the rest or 2016. “Post-Brexit, U.K. and other European returns look ugly while U.S. listed equity REITs come out looking great,” REIT.com states. S. equity REITs have gained 6.8%, since late June, while investors in listed U.S. real estate “now have 5.5% more wealth than they did when the Brexit vote happened just 22 days ago-and 27% more than their counterparts in the U.K.,” REIT.com reports.
While Brexit has driven those safe harbor investors into the commercial U.S. real estate market, there’s little doubt that real estate is a reasonable, profitable and diversified play for any investment portfolio. That will be the case well after the Brexit-vote fallout subsides, and investor attention turns to other volatile global bourses.
So why commercial real estate and the U.S. market? Here are five reasons to join the safe harbor crowd:
1. Look to the New York City Market
The New York real estate market has traditionally been a bellwether for the U.S. real estate market, and this year, it’s been a profitable one for investors. In 2015, for example, Manhattan produced $23.5 billion in real estate deals in 2015.
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Economists have long considered the Big Apple to be a “gateway” into the U.S. commercial real estate market, and with the Brexit vote driving more foreign investors into the U.S. market, and with a two-year period before the E.U. and the U.K. can iron out a Brexit exit, expect that rush into New York City, and the U.S. real estate market, to accelerate.
2. Non-Brexit Market Trends Already Favored U.S. Investment
Metaphorically, the Brexit fallout was only the topping for an already robust U.S commercial real estate market. Global real estate investors have historically viewed the U.S. real estate sector as stable and profitable, with an underlying economy that offers relatively low interest rates (a specific attraction now, since the U.K. raised rates last month), low inflation (0.8%-to-1.0% from 2014 through mid-2016), and a rising economy. That viewpoint is only solidified given softer economics, in all of the above categories, in the U.S. and Europe in 2916.
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3. Foreign investors would be here, cash in hand, Brexit or not
According to a recent report from KPMG, 74% of global economists anticipate that foreign investment in the U.S. will rise through the end of 2016. “Strong economic fundamentals, a reliable legal system and other structural advantages in the U.S. have continued to fuel foreign interest in the US real estate market,” notes Greg Williams, KPMG’s national sector leader, building, construction & real estate. “The continued inflow of foreign capital has led to a significant increase in competition for the best investments, leaving many investors with a major challenge in their hunt for yield across a variety of assets and markets.”
What is a RESP and How do You Choose the Right RESP Provider?
The RESP (Registered Education Savings Plan) is a good option if you are considering to invest in your children’s education, especially if you feel that they would like to obtain a post-secondary degree. It is sponsored by the government and the Canada Customs and Revenue Agency allows it to grow free of tax.Money that is paid at the maturity of the plan may be tax deductible from such earnings for the student.
The contributions for the plans are managed and collected by a promoter, which can be a private company/person, who subsequently invests them. The amount contributed could be as high as $4,000 per student beneficiary for every calendar year and can have a lifetime cap of $42,000 free of tax. Students probably would like to have more plans, but the limit is strictly imposed per student.
Interestingly, the government will add $400, which is 20% of the original $2,000 per year up to and covering the year that the students will be celebrating their 17th birthday. This is known as CESG (Canada Education Savings Grant) which the paid in amounts are added up to the limit per year for tax reasons.
The CESG grants a maximum of $7,200 for every student over the duration of their plan.In case of any CESG amount that was not claimed for a number of years, an accumulated amount of up to $800 can still be paid. In the event that the RESP will not be utilized for educational reasons, any CESG contributions of the government must be repaid.
Choosing your RESP provider
A lot of financial organizations are licensed to offer RESPs, although each one may be different from the others. The choices are rather plenty but you have to meticulously pick the RESP provider that best satisfies your requirements. Your provider will assist you in choosing the right RESP, as well give some advice on investments, oversee your RESP, and then release the money when your beneficiary is ready to take up post-secondary education.
There are providers that may require you to pay a service fee or they can have limits on how frequently you may contribute. Request the provider to give you all the details concerning their fees, penalties, limits, payment options, and all others they might require before opening an RESP.
It is likewise necessary to ask them regarding the types of plans on offer, the benefits, as well as the costs. The investment plans a will be different at the same time. The RESP funds may be invested into mutual funds, shares of stocks, deposit accounts, or investment certificates. These various options vary in the risks and rates of return that they offer.
Help Your Child Get the Career of Their Dream
Empower your kids by giving them education. Getting or giving a good education is the best investment you could ever make. Since education can neither be destroyed nor stolen it is the best kind of investment. Education ranks among the best kind of wealth; actually, it is number one. The riches you get through the accumulation of material things could come to an end. Education is more worthy than the best car and a great number of shares combined. Your best car could be involved in an accident and sustain an irreparable damage; the shares could diminish in value at any time. The land you have could be auctioned, and the money you have could be stolen. Education will forever remain in your head (not sure when you die) and nobody will interfere with it. The children of the poor have dined with the high and mighty courtesy of education. Education could change your status overnight; it is a tremendous tool for development. Education is, therefore, an important tool for development of individual and the state.
In Canada there are many providers of registered education savings plan abbreviated RESP. Being proactive in everything including investing for your child future education will go a long way. An RESP plan will help your child achieve their dream of becoming whatever they want in future. Regular savings towards your child future will in a great way save you the hassle associated with looking for funds when your child is ripe for post-secondary education.
You should invest in an RESP provider which offers best terms. The requirements and services of every RESP provider vary. An RESP providers do not have the same terms and services. You are allowed by some RESP providers to switch beneficiaries. You could get tax free interests from you’re an RESP plan. By looking for the best RESP provider you will rest with ease. Seek for information, ask and ask, you will not get hurt or die for asking.
The Canada education savings grant should help you in saving towards your RESP plan. The loan grant could help you save more and within the schedule. Associating yourself with scholarship giving institution you could help your kid get higher education for free when they perform well; insurance companies could as well contribute to that end.
Seeing your child pursue the career they love makes you have a fulfilling feeling. You would have the peace of mind as a parent or guardian when you see your child become independent and doing the things they love. Therefore start saving early for your child’s future by investing in the best-registered education savings plan.
The Benefits to Registered Education Savings Plans
Because many, many parents care for their children’s future, they are starting the RESP or more commonly know as the registered education savings plan. So if you want to ensure a good education for your children when they grow up, then you should also do the education savings plan. If you decide to try registered education savings plan, then you will begin to see all the benefits it will give your child in the future; let us now look at some of the benefits that you will obtain.
You child’s future education in really important and then nice thing about this registered education savings plan is that you can save a lot of money. That is the bottom line of what registered education saving plans is all about. You, as a parent, will definitely not feel pressured at all when your child grows up because you know that you have savings for his or her education when he or she grows up. So one of the benefits to registered education savings plan is that you will eliminate the stress that you will feel about your child’s future education.
Another thing that is super beneficial about registered education savings plan is that it is easy to start early because you can put small amounts of money each time. There is no minimum price of what you have to put in your registered education savings plan because it allows you to put as much as you can. Most people will feel really nervous if there is a minimum payment every month especially if they do not have the funds; this is why registered education savings plans really encourages people and makes them feel safer. Because not everyone has the same budget that they put in to their registered education savings plans, it is very varied.
And finally, registered education savings plan is beneficial because you will not have to pay taxes while the money is still inside the bank. Of course, you are not tax free, but you will only have to pay these taxes when you get the money out of the bank. But even this tax will have a low tax rate because it is being used for child educational purposes. So you no longer need to always worry about the high taxes that you will need to give when putting your money in the bank for registered education savings plan because the RESP does not require any tax.
Of course these are not all the benefits that you get with registered education savings plans; there are a lot more but we just covered three of the best benefits. With registered education saving plans your child’s educational future will really be very stable.
Things That You Should Know About RESP Savings
When it comes to the Registered Education Savings Plan or RESP savings, these are investments opportunities that are designed to get you started about college planning. These RSEP savings in areas like Canada have been allotted so people can contribute to the future of their loved ones. These RESP savings in areas like Canada are being able to take care of the child’s future at the best ways possible.
The RESP savings can provide the beneficiaries with tax deductions when they use records intended for the advanced education. When the RESP savings are going to be used for the advanced education in college then it follows that the needed tax deductions and exemptions are going to be used for these matters. This article discusses some important things to know about the RESP savings.
The first things about these are the sums for the responsibility. The greatest aggregate commitment per tyke into the RESP record is $50,000. There is not right now a yearly top level augmentation limit, in spite of the fact that when they record was at first made, there were yearly commitment confinements to hold fast to.
These RESP savings should be able to provide much information to those who want to avail them. The records for these RESP savings have to be listed with the beneficiary. This recipient must be a kid with an enrolled social protection number. Every youngster may have more than one record set up, permitting numerous relatives to make records to help later on advanced education costs. These RESP savings should have the age provisions to have no hassles take place. The recipient recorded can get to the assets for advanced education purposes at any age. To maximize the full benefits of the RESP savings, it is important for the child to use all the benefits before he turns 25 or she turns the age of 25. The commitments to the RESP savings accounts will not be deducted as imposed. Be that as it may, the tax exempt development permits the assets to develop more rapidly than they would in the event that they were in an assessable speculation account.
If you are looking towards beginning your RESP savings accounts, you can first coordinate with organizations and companies that can provide you with the funds to start. Some of the areas where you can connect these RESP savings are with credit unions, banks, venture investments firms, trust firms and other entities that are involved in the financial world. Every sort of monetary organization will offer an assortment of speculations to use inside their RESP accounts.
The Benefits of Calculating Your Tax Returns Online
Preparing to pay for one’s taxes can be a difficult task, especially if you aren’t knowledgeable about proper calculation methods. Of course, nobody wants to be late in submitting tax returns.
It is vital that you make this task a priority every year. If you don’t complete the requirements within the given time period, you may gain interest or penalties in the long run.
There are two ways with which you can calculate the appropriate amount of tax return you have for the year. You can either hire an accountant to do the task for you or you can go online and calculate the amount.
Online tax return calculation is one of the most popular methods these days.
Tax filing online is the most convenient way for people to calculate and submit their tax returns. This is very advantageous for people like you who are busy with work and other appointments. Online tax return calculation ensures that no figures or amounts have been calculated erroneously and you will get the correct numbers in a timely manner.
You also don’t need to get an accountant – which usually requires a big amount in exchange of services – to do the job for you. Accountants are the busiest people during tax calculation season and you may be last in line if you’re unlucky. This is why so many people opt for online tax return services.
Online providers ensure that documents are filed at a much faster rate compared to manual filing. When you start providing the necessary details and information required by the website, your tax returns will automatically start calculating too. Most providers process files in just a few minutes. As mentioned, the calculations will be accurate.
The best service online tax return processing can offer is availability. You can use the website at any time of the day. The best thing about this process is, you get to do it on your own, without waiting for anyone to intervene and handle the task for you.
Another really significant factor you will appreciate about this method is you will get a refund faster if you find that you are entitled to it. You should understand by now just how convenient and fast online processes are compared to the manual way of doing things.
When you’re done with the calculations, you just need to submit everything to the tax department’s website before your deadline of submission arrives. You don’t have to go out and submit your files to the office anymore. There will be several verification processes but these will also be done online. You should get a confirmation note from the tax department within 48 hours of submission.
In case you don’t receive a confirmation, you should contact the tax department right away and inform them about the issue. You don’t have to worry since this rarely happens.
Source: online tax return
Overall Suggestions On the Subject of Tax Returns
A tax return is actually a form that has to be filled in with specifics of such things as your income. From your tax return, the level of tax you are responsible for is calculated.
If a tax return is issued you do have a legal responsibility to fill the point in. Preparing a tax return is a kind of thing we tend to create up inside our minds as an enormous deal, when it does not have to be. Prepare and lodge your very own tax return electronically.
A tax return is usually required for other factors, for example to examine if the right tax has been paid out overall. So Should you be displaced a tax return, you should fill up it in and send out it back whether or not you believe you have no extra tax to pay for.
A tax return is usually a document submitted with HMRC that declares a taxpayers legal responsibility for being taxed, based mostly on their yearly revenue.
Three outcomes are attainable from submitting a tax return: both the taxpayer has possibly been charged excessive or too little of his or her income, or they are already charged the correct volume. A tax return is often a form on which you happen to be requested to report your earnings and capital gains, and provides particulars of reliefs and allowances claimed, for a selected tax year.
It relates to taxpayers who are recognized as necessitating a tax return and who’re issued with a detect to file or perhaps a paper self assessment taxes Return incorporating a seed to file. It also relates to people who create a claim outdoors a tax return.
If you are freshly self-utilized it is not adequate just to file a tax return by Oct 31 for the tax year during which you became self-used. You must inform HMRC that you’ve started to work on your own within three months.
If a return is submitted following the deadline for that strategy, HMRC has approximately and right up until the quarter day pursuing the first anniversary of the day the return was submitted, in which to open up an inquiry.
The HMRC’s local office construction has become dismantled, but The brand new structures do not show up to provide adequate assist mechanisms. There is little question that this concern is the biggest one cause for concern amid tax professionals and accountants, who symbolize the largest variety of qualified tax advisers in Britain, many of whom handle HMRC on an extremely regular basis.
Remember that if you need to file your online tax return on time and don’t breach rules you’re far more unlikely to attract the eye from the HMRC investigators.
Filing Your Tax Return
Requiring taxes from a country’s citizens helps to create all the funds required to develop infrastructures and improve facilities for the general use of its people especially when traveling, and also provides varying budgets for the other goals of the governments to improve the quality of health, education, and food for everyone.Tax amounts can only be really determined after forms are submitted for assessment after each work year, where government office determine if there are refunds applicable or if there is an amount owed by the tax applicant.
For company employees, it is usual for them to have their taxes deducted every pay period for withholding, to be accumulated and submitted by the end of the tax year so they do not feel the burden of huge lump sum of the taxes they need to settle by the end of the year. Upon submission of tax forms to assigned branches, the total amount of tax liability is then determined and arranged for payment by the company or the individual if self-employed, with a lot of applicants getting excess amounts which must be given back to them after a due process with a check or as a deposit in their given bank.
Tax refunds are like a yearly bonus for its recipients that usually get a large sum of total refund after their tax year, mostly with an average of around $2000 for many taxpayers, which in reality however is just like a compulsory monthly savings that they can reap every year. The typical time frame required to complete applications for tax rebates are usually lengthy that it can take 3 months to finish, but fortunately, the use of computer programs for faster rates can allow applicants to get results in 1 1/2 months.
Online filing of tax refunds is also a common option for applicants today as it helps them to submit their requirements and finish the process faster as it eliminates the need for them to travel to and from the office as just do the process through the internet from virtually anywhere, and speed up the total processing time to 21 days. Speedy procedures in government offices can significantly reduce queues in their branches while also making it possible for companies to do more in the same length of time.
The convenience provided by modern technology in various online processing methods not only expedites the usually lengthy government processes for the people that need it, but as it helps government bodies to accept files through the internet and process applications faster, it can also improve their productivity so they can accomplish more tasks for their assigned offices.
Source: Tax Return
What You Need To Know About China’s Economy
China had become also a part of the superpower state around the world as it showed the perfect financial economic edge from other countries. China began to be a catalyst of improvement as it showed a drastic growth in terms of their economy over couple of years. The development experienced by China would not be firm without the existence of the many challenges and obstacles along the way. The challenges faced by China as a state come in many shapes, sizes and appearance as these involve the industrial labor revolutions, industrial labor and overheating of economic growth as well.
Other decent articles such as the Bloomberg’s Asian Business entitled the “China at 60% Risk of Banking Crisis, Fitch Gauge Signals” had been created to show the dynamics of progress and crises regarding the China’s Economy and Social Stability.
These articles are something which are of importance when it come to the relaying of information about the latest stance or rank of China in the world system.
The China’s behavior had always been leaning towards expansion of growth whereby they could stand with the same level to the United States in terms of their currency and other aspects. However, though too much effort had already been exerted, truth be told that they still cannot head up and stand with the United States but rather be tied up and pegged only to their dollar. China’s frustration to their flow of money or currency improvement has still fall short of the true valuations which must be showed necessarily. This time, china decided to print money that made the situation worsen as it had never helped in the stimulation of economy but rather affected the interest of its constituents.
The loans may be of help in the short term but let me tell you that loans or bonds coming from the corrupt banking system will certainly make a drawback when they are not rightly given immediate solution. Scholars have started to mention how they really feel about the printing of money and bad loans as most of them were opposition to those series of acts but other pros to the loans have stated that it is something great for the appreciation of real estate and everything will fall in its proper place in the end.
Rising up of currency is not an easy issue especially when it served only the middle class and elite classes of the society. China’s actions must be treated as a catalyst or stimuli to gradual changes in the globe economics. The freedom to wish for economic explosion is great but it must always consider the future users and generations yet to come.
Source: Chinese Renminbi
Tips to Observe before Filing Tax Returns
Patriotic citizens will not only file tax returns but also comply with the rules and regulations of a country. Various sectors and facilities of the public are run by the government through the funds they get from tax returns. Tax returns must be filed annually for every person operating as an individual or a company. Consider the following tips especially if you are a first timer of filling tax returns.
Take into consideration hiring a tax expert. The hassle of filing tax returns can be hectic. This can be made worse especially when you lack knowledge about taxes. There are people existing that know everything that revolves around tax returns. These are referred to as tax experts. They can explain all the details, requirements and things to do with tax returns so that you do not get confused in the process. Other times you may be required to claim deductions and these people will help you. The fact that they are knowledgeable is a guarantee that you will avoid making mistakes that may cost you dearly in the future. For example, you may find yourself filling IR4 for companies instead of filling IR3 for an individual.
You will incur future problems if you delay to filling tax returns. It is possible to find individuals and companies who are reluctant in filing tax returns. This is because, they get so busy with their businesses such that they are left with no time to collect all the reports. What results is incomplete reports, false or reports full of mistakes. The resulting problems may make it hard to file returns for that specific year. You will be required to wait for the next year to do the process again. Not only will you get a headache but also pay a penalty. Observe the rule of time to avoid insignificant expenses.
Honesty is the next rule to observe. It is possible to find people who escape filling tax returns. This should be avoided. Every citizen living in any state should file tax returns without fail. also, cases have been reported that there are those who use false identities to file tax returns. Others give false information about the income they get to file less amount of cash. You will only support the government in running projects such as social amenities and infrastructure by giving correct information. It will result in development that will benefit everyone.
Never make mistakes on the file returns reports. This does not only demand keenness but also organizational skills of the highest order. Always re-read your report several times before filling with a tax agency. Correct as soon as you find them. Organized reports give tax experts an easy time to complete the process. Last but not least, use the online process to file returns. Other than being fast, it is reliable.
How to Invest Your Finances Safely
If a person can safely invest in a new thing or if it is right to just safely store the amount of cash in a safe storage is a question many people struggle with. Tiny moves bring great changes to your financial life. There comes a point in life when you are juggling with much in life. From family to career to paying mortgages and many other things. It is important at this point to take a step and know how to save your money wisely in the right channels.
You can never go wrong with buying stocks. As a key investment area, it never goes down at any given point in life. If you ask many billionaires in the world, this kind of investing is among the best. This kind of an investment gives you a chance to buy stocks even in the foreign markets. Find a successful person in the industry and let them teach you how to do it.
The other option is to save with a fixed account. The much you are able to withdraw at a given point in life is regulated when using this kind of an account. The account should specifically be for saving a part of your salary and the best thing is to do it in a financial institution that gives a good interest after sometime. You can use a friend or a peer to monitor your progress in the saving business. There is also an option of doing an online savings in which case you are able to keep your money safe with no option of ever losing it as long as you keep the deposit fixed.
Have a control mechanism of how you spend using the credit cards. The credit cards that you do not plan to use can be left back. It ensures that you do not shop for unplanned things or even shop for things that are not necessary. Pay the credit cards on time to avoid debts. It is important to settle the small debts as you head for the bigger ones like the mortgages.
It is good to know how to control your finances well. Enrollment in a financial institution to learn more on management will be an added advantage to you.
For those who would want to give it a try, short term investment goals are the way to go. In this case a person’s amount of invested money grows very quickly. This calls for things like participating in lending clubs. The amount of money invested is easily doubled since the interest rates incurred are very low. The risk factor is correlated to the amount one invests in this case.