Can you Make Money Trading Lithium?

make money trading lithium

Lithium is well known for manufacturing rechargeable batteries and other industrial uses. This is mainly because of its excessive low density preferred by electric cars, Smartphones, digital cameras, and laptop production. For this reason, the valuable metal has steadily become popular in the market. 

As trends and environmental standards embrace energy efficiency, there is a great need for safer and cost-effective products. The mounting demand undeniably instigates the use of lithium products because of their higher voltage capacity, energy density, and reduced self-discharge levels. 

In addition, there is the explosion of lithium stocks that engage organizations involved in the processing and mining of the metal. While most people speculate whether the industry is productive enough, investing in the best lithium ETF is not a bad idea at all. This topic will take you through an imperative process on how you can make a kill with Lithium investing.

How to Invest in Lithium

It is the dream of every investor to make an extra coin out of it. Enthusiastic individuals can consider Exchange Traded Funds (ETF) and lithium stocks. An EFT is a security sold on a stock exchange that monitors commodity, index, and sector. Often, they contain several investments like bonds, stocks, and commodities. If you have to choose between stocks and EFTs, it is worth noting that the former has several concentrated risks.

On the other hand, EFTs offers diversification and broad exposure. Nonetheless, for experienced lithium investors, buying lithium stocks act as a valuable alternative venture. All in all, experts advocate that individuals can get better results if they invest in focused ETFs or trade with startup firms using low-cost lithium. Another ideal option is to invest in reputable lithium manufacturers who run low-cost operations. 

Although ETFs behave similarly with stock investments, they gain their value from concentrating in several related companies. In other words, it translates into investing in numerous slices of Lithium through ETF instead of settling with a particular company with stocks. 

However, ETFs can be more susceptible to market downturns popular with batteries and lithium companies. As a result, they may not offer the broad diversification or cynical properties expected. Here are some of the top best Lithium ETFs you should consider.

The Global X Lithium & Battery Tech ETF

This ETF invests in a variety of organizations making lithium batteries or producing Lithium. In the process, they provide much-needed exposure to battery and lithium markets. Most of them have a market value of approximately 50 dollars per share, with the most investment in Asian companies. At the moment, Albemarle stands out among the fund’s best holdings.

Other prominent brands include Tesla, LG Chem, BYD, Samsung SDI, Ganfeng Lithium, Sumwoda Electronic, etc. This option is suitable for individuals eager to achieve intensive exposure in the lithium world compared to other ETFs.

ETFs Battery Tech and Lithium ACDC

In contrast with the previous option, investment here involves companies creating batteries and the mining firms that manufacture commodities needed for the process. Over 50% of the stock in this range is in Asia, while the rest splits between the US and Europe. 

Some of the best holdings include Tesla, LG Chem, Mineral Resources, BYD, Galaxy Resources, Pilbara Minerals, Renault, and Solar Edge Technologies.

 Top Best Lithium Associated Company

Before investing in Lithium, it is crucial to pinpoint prominent lithium companies. Mainly, this involved brands that mine, produce and refine the commodity.

1. Albemarle Corp

Thanks to the company’s capacity to scale, Albemarle is the most favored lithium partner globally. Situated in Charlotte, North Carolina, the geographical location is perfect for the company’s access to the worldwide lithium market. Also, the company operates on a minimal operating resource which makes it stand out amongst others.

2. Galaxy Resources

The Australian-based company produces Lithium from a hard-rock venture known as Mount Cattlin. Currently, the famous brand has two other upcoming projects in Chile (Sal De Vida Catamarca brine) and Canada (James Bay Hard Rock).

3. Livent Corp

Compared to other lithium companies, Livent is more established and likely to earn you some good money. A 2020 report about a long-term coalition with Tesla prompted a 50% growth by the end of the year. As Livent Corp continues to supply Tesla with higher quantities of Lithium, the future looks promising for interested investors.

4. Lithium Americas

Currently, the Canadian-based firm has two developing lithium projects in the US (Thacker Pass hard-rock) and Argentina (Cauchari-Olaroz brine). The firm is listed in New York and Toronto, with the US project taking pride in its capacity of holding the most considerable quantity of Lithium in America.

5. Pilbara Minerals

The Australian-based company also runs the Pilgangoora project, famous for tantalum and Lithium. The hard-rock project hopes to produce over one million pounds of tantalum and 1.2 million tonnes of spodumene if things go as planned. 

Conclusion

A worthwhile investment should fit in your long-term strategies and should not affect your risk lenience. More participants consider the investment worth a trial with a predictable demand for electric vehicles and other lithium uses. Yet, there is much need for extensive analysis for individuals to understand Lithium’s market value and how to trade wisely.

Stock Trading Is One of the Most Lucrative Forms of Investment

stock trading

Stock trading is one of the most lucrative forms of investment. You make passive income by betting on the performance of a company that you are not involved in daily running. However, before you start investing in stocks and shares, you need to learn the basics of stock trading and how you can make money from this form of investment.

Learn About Stocks and Shares

Take your time to learn about stocks and shares and how the stock market works. For starters, it is better to start with stocks because they are less complicated than shares. Stock is a general term for equities sold at a stock market, while shares refers to owning a piece of a particular company.

There is plenty of free educational resources that you can use to learn about stocks and shares. What’s more, the best brokers offer free education to investors and have knowledgeable and experienced staff who will advise you on the best stocks. You can also practice virtual trading before investing real money into stocks.

Find A Reliable Online Broker

To trade in stocks, you need to open a stock account with an online brokerage firm. Brokerage firms range from small upstarts to established brokers with a large portfolio of investment options.

Take your time to research the best trading platforms in terms of customer experience and commission fees by reading online reviews and consulting experienced investors. Compare the fees charged by different brokers. Check whether they provide investor training, ease of using their website or app, and the investment options they offer.  

Buy Your First Stocks

After finding a suitable brokerage firm, open an account and transfer money from your bank account. Most online brokers have very low minimum deposit requirements, so you can start by investing as little as $200.

Only invest money from your savings because stock trading is a long-term investment that you can’t recoup in a few months. Don’t use funds that are budgeted for near-term expenses such as electricity bills or rent.

It takes time for the funds to transfer and become available for trading. However, some brokers allow you to trade while the transfer is being processed while others require you to wait for a few days. Once the money is available, select the stock or share you want to buy and place an order.

Market and Limit Orders

Typically, the brokerage firms give you several investment options, but there two common types of orders you can use to buy or sell stocks.

Market order: instructs the broker to buy or sell the stock at the best price available on the market.

Limit order: requires the broker to buy or sell stocks at prices better than the specific price you set.

Bundled Stocks

If you are not sure which stocks to buy, you can invest in Exchange Traded Funds (ETFs). ETFs are bundled stocks that allow investors to buy stocks of different companies. The large portfolio protects investors from exposure to wild fluctuations in share prices.

Risk Tolerance

Stock trading comes with risk because you can make or lose money on the stock markets. You need to have some level of risk tolerance because sometimes a stock may plummet to unprecedented levels due to some odd events. If you panic and sell the stock, you might lose money only for the stock to rebound in a few months’ time.

You can start by selecting safe stocks whose prices have been stable for the past five years. Later on, when you start making profits, you can try the riskier stocks, such as promising startups or undervalued stocks.

Learn to Analyze Stocks

If you are to engage in stock trading on the long term, you need to learn more about the dynamics that determine stock prices. Your first stock buys may be informed by advice from your broker, but you should be more proactive about future buys.

Learn about stock valuations by analyzing the performance of different stocks. Use publicly available information such as earnings reports, financial reports, and analysis by reputable financial analysts to gauge the performance of different stocks.

Your broker may chip in with information about the major performance indicators and risk ratings of different companies, so you don’t have to do the calculations. However, you should understand the meanings of different ratios and other metrics used in analyzing stocks. Further, take time to learn the core business of different companies so that you can determine if their model is sustainable.

Tax Implications of Stock Trading

Income from stocks attracts capital gain taxes. Typically, the amount of tax levied reduces if you hold a stock for more than a year. You can also invest some of your salary in stocks as a part of the retirement savings. The benefit of salary-based investments is that they are deducted from income before tax, reducing the tax burden.

No Guarantor Loans in Australia – What You Need to Know

financial situation

When applying for a loan, it is important to make sure that you are aware of the current state of your finances. Not only can your credit score greatly impact your chances of being approved, but it can also limit the amount that you are able to borrow. In this article, we will be providing you with insight into how you can apply for no guarantor loans with ease. 

What Is A No-Guarantor Loan?

A no guarantor loan is a loan that you can apply for without the need for security or a guarantor for your loan to be accepted. A non-guarantor loan is a loan type that allows you as a borrower access to the funds in a financial emergency without the need for an additional person to co-sign on the loan, even if you have a poorer credit score.

Is A Loan Without A Guarantor Expensive?

No, a loan without a guarantor is not more expensive as the APR and interest rates completely depend on the state of your credit score as well as your monthly income at the time of the application. Though a guarantor loan does offer that additional layer of security to the lender, it is important to note that any loans such as this should only be used in a financial emergency. Regardless of whether this is a Payday Loan or a no credit check loan , there are several ways that you can use this loan type when struggling in a financial emergency.

What Can A Non-Guarantor Loan Be Used For? 

Though applying for a loan type such as this should be saved for financial emergencies only, many are still unsure what the loan can be used for. Though it may seem tempting to use a loan such as this for a holiday or for a new television to replace the old model current sat in your living room, it is important to make sure that you are using non-guarantor loans to cover emergencies such as emergency car breakdowns or home and boiler repairs that you may not have the money left in your budget to cover.

How to Apply for This Loan Type

Should you find that the loan type is the right one for you it then comes time to apply. With several lenders allowing for a quick application process through their online platform, applying for a loan type such as this could not be any easier. With a simple form to fill out at the time of application providing them with information that they need on their monthly income as well as the current state of your credit score. From there, the lender will check your credit score and eligibility to determine if you can afford repayments, with the money being paid into your account if you have been successful in your application.

Though this application process may take time, it is important to make sure that you are considering the current state of your finances before applying as this will aid in ensuring a successful application.

Recommended Reading: 3 Steps To Clean Up Your Credit Report

Don’t Make These Top 5 Money Mistakes

money mistakes

We all make mistakes with our finances from time to time – we’re only human after all! While we may have the odd slip from time to time, there are a few major money mistakes that you need to avoid to prevent yourself from falling too deep. By slightly changing your money habits, you can avoid these mistakes and save yourself some serious cash.

1. Making Too Many Minimum Repayments

When it comes to hefty debts, it can feel impossible to shift. It may be tempting to pay off just the minimum amount each month, but this head-in-the-sand strategy will mean that you are left paying interest for much longer, resulting in a higher overall bill. While it is acceptable to pay the minimum when necessary, you should try to pay more than the minimum on the majority of occasions to save you more money in the long run.

2. Not Checking Your Bank Statements

Checking your statements has become a lot easier in recent years, thanks to the introduction of online banking and banking apps, which means there is no excuse for not keeping track. Despite how easy it is to check your statements, many people just look at the big number to see how much cash they have left. It’s a good idea to look through and see where your money is going and spot any mistakes.

3. Not Checking Your Credit File

Not only is it easy to check your bank statements, but you can also check your credit file for free through Experian, Equifax, or TransUnion. It’s essential to keep an eye on your rating and spot any areas for improvements or mistakes, as they could affect your credit applications in the future. While it’s best to have a good credit score that is well maintained, there are credit options available for poor credit, such as no credit check loans or guarantor loans.

4. Not Having an Emergency Fund

Life can be unpredictable when you least expect it, so even if you feel like you are living within your means, this could be dashed at any time. It’s worth putting money aside when possible to help cover any unexpected costs, like a broken boiler or emergency car repairs. In theory, you should aim to have a few months of living expenses in an accessible account, but anything you can put aside may help. Without an emergency fund, you may need to borrow money, but it’s always best to use your own cash where possible.

5. Not Switching Providers

From banking to utilities, there is something to be said for switching providers. In days gone by, there may have been some benefit in being a long-term customer, but these days, new customers tend to get the best deals and options. You should use price comparison sites to work out whether it would be beneficial for you to switch bill or banking providers to get more affordable prices. You can even call your current providers and explain why you are thinking about leaving, as many may miraculously drop the prices for you.

For more support and information on money mistakes, please visit the Money Advice Service.

8 Healthy Financial Habits You Should Start Today

Healthy Financial Habits

Finance is one aspect of your life that’ll affect every other part. Financial security and freedom can make every other facet of your life, including your health and personal relationships, significantly better. And for that, what you need are healthy financial habits.

The earlier you get serious about your personal finance, the better off you and your loved ones will be. To help you with that, here are eight financial habits for financial security and freedom that you can start today.

1. Make a budget

Nothing else will fall else in place unless you make a budget. Calculate your income and expenses based on your financial statement from the past few months. If you want to change your financial situation, you should know where you really stand. And there are so many budget apps available that can make budgeting easier.

2. Limit your expenses

Now that you know how much you spend every month, put an upper limit on your expenses. Unless it’s a healthcare or family-related unavoidable expense, you shouldn’t go beyond this limit.

3. Automate savings

With automatic withdrawals, you can start setting up a savings fund. Setting up one will take a few minutes and once you’re done, the system will automatically deduct it from your salary. When you don’t have access to that money, you’re less likely to spend it.

4. Pay credit cards in full

Credit card interest rates are among the highest in the industry. Keep that in mind whenever you use your card and make sure that you pay your monthly payments in full. Any leftover will carry exorbitant interest rates.

5. Reduce your rent

Rent is one of the biggest expenses that most of us have to make. Ask yourself whether you need a big apartment, especially if you’re starting out. Move to a smaller apartment or get roommates.

With remote work getting regularized, you can also move further away from your office, if it’s possible.

6. Imagine paying in cash

Here’s a neat little trick to help you cut down on your spending. The next time you’re about to buy something, imagine paying it in cash. That will suddenly feel heavier.

If you’re already paying in cash, imagine someone offering you either that product or service or that much cash. What would you choose?

7. Start investing

Earning makes you comfortable, investing makes you rich. Most people can’t comprehend the power of compounding but know that the earlier you start investing the bigger your returns will be.

Spend a couple of hours every day for two weeks to learn about index funds and retirement savings. Next step? Talk to a financial advisor.

8. Develop a secondary source of income

You can only reduce expenses to a certain extent. With an extra source of income, you’ll have more to save and invest in. If you can offer a service, you can find a market through the internet.

You don’t have to start all eight on the list immediately. Pick any two for the time being and focus on them. The rewards will encourage you to stick to every other financial habit.

8 Unique Ways to Spend Mother’s Day

Mother's Day Activities

When Mother’s Day arrives on May 9 will you be ready?

Will you be presenting mom, grandma, your wife, or whoever is the most important woman in your life with the same old gift of breakfast in bed, or a fuzzy bathrobe?

While these things are wonderful presents, maybe it’s high time you do something a little different, something off the beaten path, out of the ordinary, unique, unusual.

Yes, make this Mother’s Day super memorable for your mom who has had an impact on your life.

Like what? What’s unique? What’s cool and different?

Well, here are 8 unique ways to spend Mother’s Day this year to help you get started in your efforts to make Mom’s Day truly remarkable.

1. Take her hot air ballooning

Most cities have hot air balloon companies that would be more than happy to take your mom along with you and other family members high above the clouds on a sunny day. Be sure to start checking around now as these places get busy fast.

2. Take her to a DIY ceramics place

Here she can make a plate, a mug, a sculpture, and paint it herself the way she wants.

3. Cooking

If you want to be unique hire a personal chef to come into her home and prepare a full feast or show her some cool cooking skills she’s wanted to learn over the years.

4. Wine

If your mom likes wine pick her up and take her for some wine tastings in your neighborhood.

5. Flowers, fruit more

Ask mom if she’d like to go pick flowers, fruits, and veggies. Most cities have “u-pick ‘em farms.”

6. Be creative, be a wordsmith

Sit down and write mom a long letter (or sit her down and tell her verbally) as to why you love her and what she means to you. Either frame it or hand it to her on a pretty piece of stationary. It’s coming from the heart so it truly will be a one-of-a-kind gift.

7. To the Moon

For $29.99 you can buy her an acre on the moon, and she’ll feel like she’s just gone to outer space without ever leaving the house. Put up some outer space-themed party décor in her house to complete the theme.

8. Get her a pet

Go to an animal shelter and let mom pick out a dog, cat, or rabbit. She’ll love the idea of having a new four-legged friend she picked out herself and saved at the same time. Look up your local animal shelters or humane society and make an appointment before you go.

Do It Up!

Mother’s Day only comes once a year so be sure you honor mom with something that means a lot and a gift she can savor year-round.

3 Steps To Clean Up Your Credit Report

how to clean your credit report

Spring is here! While everyone begins this time of year with spring cleaning their homes and garages, it’s also a great time to clean up your credit report and work on rebuilding your credit.

If it’s been more than a year since you last checked your credit report, you may find unwanted or incorrect information accumulated over time. There are several things to look at beyond just accuracy, such as making sure that your credit cards and loans are the best ones for your current circumstances.

On top of that, if you’ve had a serious blow to your finances, such as defaults or bankruptcies, it can take quite some time to clean that stuff up and recoup any damages to your score. Start today, and you’ll have a head start now rather than when you find yourself wishing you’d done it sooner.

How To Clean Up Your Credit Report

1.  Get A Free Copy Of Your Credit Report

Free weekly credit reports have been extended for another year, so there’s no reason to hold off here. The first step to cleaning up your credit report is to have the report in front of you. Sites like CreditKarma and FreeCreditReport make it easy to see your report and understand how you can impact it.

NOTE: You’re going to want to pull the whole credit report, from all three bureaus – not just the scores.

2.  Thoroughly Check Your Credit Report(s)

Depending on your credit history, this could take a while, or it could be pretty quick. Either way, making sure that your information is correct and up to date is critical to building, rebuilding, repairing, and maintaining good credit.

Since lenders can choose which bureau they send info to, and how often, there will be slight differences on each report and that’s normal. But when you next apply for a loan or credit, different lenders look at different reports, so an error on one may not come up on another and you want to be prepared if the lender comes back to you with something like that.

3.  Resolve Errors By Filing A Dispute

Easy fixes: Credit inquiries stay for two years, but missed payments, delinquencies, and tax liens can stay on your report for seven. If it’s been longer than legal timelines, these items should have done what’s called “aged off” and not be on your report anymore.

You also want to look out for items that are flat-out inaccurate, such as your name and address, or worse, someone else’s name on your report, along with accounts you did not open yourself.

So be sure to get those errors corrected right away. You can dispute directly with each of the credit bureaus. If your dispute is valid, they are legally obligated to correct your report. It’s easy to dispute, by the way. You can do so online or via mail.

TransUnion Consumer
Dispute Center
P.O. Box 2000
 Chester, PA 19016
Equifax Information Services P.O. Box 740256 Atlanta, GA 30374Experian P.O. Box 4500
 Allen, TX 75013

In your letter (or in the form online), explain what information you think is inaccurate and why you’re filing the dispute. Ask for the error(s) to be removed or corrected, and try to include any evidence you have that can be used to back up your claim (payment receipts, for example). Credit bureaus have 30 days to review and take action, so make sure to check again to ensure they followed through.

Cleaning up your credit report today will ensure your credit is ready for your next goal, no matter what time of year it is, so be sure to stay on top of it all year round!