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What is the best investment in the current market? – Deccan Herald

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What is the best investment in current market conditions? Should I buy gold? Should I exit SIPs and invest in International stocks or buy Index funds/ETFs? Should I play it safe and invest into capital guaranteed insurance plans? These are regularly asked questions in my sessions.

First, there is no such thing as the best investment in the current market. The best investment is actually an instrument that is aligned to your financial goal and investment timeframe.

By searching for the best investment in an ad-hoc manner, investors are making the following mistakes :

1. Using their emotions to guide their financial choices rather than choosing the right fit for a goal. For example,  by investing in capital guaranteed products, investors may be satisfying their loss aversion bias, but these low returning products would certainly not help in meeting financial goals as they don’t beat inflation.

2. Let recency bias, which is basing investments on recent events, affect their portfolio. Investors who are piling up on gold based on its stellar performance this calendar year,  run the risk of investing at a high.

3. Have a portfolio which is not diversified. Investors diverting mutual fund SIPs to stocks will not only have a tax and cost impact but may have a concentrated portfolio leading to higher risk in the portfolio.

Long term investing is a process. People want that magic pill which will give them a product that gives the best return with the lowest risk but that doesn’t exist. And that is why goal-based investing is harped upon all the time. Often, I find that people are not willing to listen to any process, which involves patience and may not have excitement or something to boast about, but it is the process of choosing investments based on goal planning, which will get you into the “best investment”.

The best investment is about risk management and a strategy.

The strategy is a financial plan. You can’t hope to have financial success if you do not have a plan to achieve it. For this, work with a financial planner rather than just following a blog or listening to market gurus in media. Sticking to the financial plan is a challenge. Individuals get financial plans written but are not able to follow through. This is because of being diverted by current markets/ short term requirements. Like in all areas of life, financial success is dependent on your planning and actions.

Risk management is about managing the risk of volatility and loss. You cannot control market movements, but you can control your portfolio volatility by asset allocation and diversification. For any investment product, understand the risks involved and how it would affect your capital and then diversify among asset classes that do not have the same risk. This means having a combination of stocks, bonds, gold, real estate, etc. Each asset class has different risks. Within the asset class, diversify. If you are investing in equities, diversify among large caps and midcaps. Don’t stick to one type of investment only.

Building wealth is a marathon, not a sprint. Stop looking for the best investment in the current market and focus on investments that can last you through all phases of the markets.

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$7.3M investment signals long future for Wallaceburg hospital – Chatham Daily News

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WALLACEBURG – A $7.3 million Ontario government grant to construct a new power plant for the hospital here sends a strong signal the healthcare facility will remain open for many years to come.

The Ontario government is providing $7.3 million to pay for the construction of a new power plant at the Wallaceburg campus of the Chatham-Kent Health Alliance, which paves the way for future upgrades to the emergency department and diagnostic imaging. Taking part in the ceremonial ground breaking at the Wallaceburg hospital on Friday are, from left: Lori Marshall, CKHA present and CEO, Charles Sampson, chief of Walpole Island First Nation, Greg Aartsen, CKHA board chair, and Monte McNaughton, Minister of Labour, Training and Skills Development and MPP for Lambton-Kent-Middlesex. (Ellwood Shreve/Chatham Daily News)

WALLACEBURG – A $7.3-million Ontario government grant to build a new power plant for the hospital here sends a strong signal the health-care facility will remain open for many years to come.

“This is an investment in not only the care and delivery and services here today, it’s an investment in the future, because this does provide a substantial backbone for a further redevelopment of this site in the future,” said Lori Marshall, president and CEO of the Chatham-Kent Health Alliance following the funding announcement Friday.

Monte McNaughton, minister of labour, training and skills development, who made the funding announcement on behalf of Health Minister Christine Elliott, also indicated more money is coming.

“This will be the first stage of a redevelopment plan,” he said, adding there are plans to move the emergency room and diagnostic imaging to a new location on the north side of the hospital.

Marshall said building a new power plant, estimated to take a year to complete, is a commitment to future expansion.

“If we were just looking at sustaining the current building, we would not have needed the level of infrastructure that is going into this power plant,” she said.

“What the power plant actually does is gives us the level of infrastructure to truly support a new build, new code requirements all those kinds of things.”

Marshall said $7.3 million covers the cost of building the new power plant, along with the 10 per cent local requirement the hospital group had in reserve, so no fundraising will be needed.

She said plans have already been submitted for consideration to the Health Ministry for redeveloping the emergency room, diagnostic imaging and laboratory areas.

However, Marshall noted there is no firm timeline for when this expansion could happen.

Other future plans for upgrading the hospital include expanding ambulatory care, including specialty clinics, along with respiratory therapy, physiotherapy and laboratory services.

Walpole Island Chief Charles Sampson said the First Nations community has a long history with the hospital, noting many people from Walpole Island have worked there.

“The people of Walpole Island are very thankful of the tireless efforts from all the front-line, essential health-care workers in Chatham-Kent,” he added.

McNaughton noted the importance of local health care has only been amplified by the COVID-19 pandemic.

While fighting COVID-19 remains a priority, the MPP for Lambton-Kent-Middlesex said the provincial government intends “to invest in things that matter to people in Southwestern Ontario and beyond.”

When built in the 1950s at a cost of approximately $900,000, the Wallaceburg hospital “became a jewel of the community,” Greg Aarssen, the hospital board’s chair, said.

He added renewed focus on the site has seen reinvestment in the emergency department, additional respiratory therapy coverage, capital equipment upgrades and the addition of specialty clinics, as well as a partnership to provide community care nursing clinics.

“All of these set the stage for the reinvestment we are seeing from the Ontario government to ensure that hospital services remain an important part of this community,” Aarssen said.

However, it wasn’t that many years ago the community was fighting to keep the emergency department open and halt plans to have the site become an urgent care centre.

Wallaceburg Coun. Carmen McGregor said her first term on council included walking into a community effort by the citizen group, Save Our Sydenham, to fight to keep the hospital open.

“It was quite an initiation as a councillor to come into,” she said.

McGregor credited being able to work with former Wallaceburg councillor Jeff Wesley and the determination of the community to now see this “great news” for the future.

Noting she and fellow Wallaceburg Coun. Aaron Hall are working on initiatives to revitalize the downtown core, McGregor said, the hospital announcement “solidifies the direction we want to move in and will now encourage people to relocate to our community.”

Hall said Wallaceburg residents not only donated to build the hospital, but the whole community rallied for years to ensure it stayed open and viable.

He said the province isn’t going to invest more than $7 million if the hospital isn’t here to stay.

“It’s great news for Wallaceburg, great news for the future of the hospital,” Hall said.

eshreve@postmedia.com

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Lone Wolf announces strategic investment from Stone Point Capital to accelerate growth – Canada NewsWire

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The real estate industry is undergoing digital transformation as legacy manual processes and disparate systems transition to fully connected digital experiences. These trends are further spurred by the COVID-19 pandemic, with real estate professionals requiring digital tools to provide first–class experiences for buyers and sellers. Lone Wolf leads the way, offering the industry’s only end-to-end digital experience through transaction management tools, Marketplace partnerships, and back office products.

This investment by Stone Point empowers Lone Wolf to continue transforming real estate technology by enabling the acceleration of innovation with a mission to simplify the real estate experience for all. Stone Point’s expertise in real estate services and technology will help Lone Wolf streamline the end-to-end experience for agents and brokers, enabling them to deliver unparalleled experiences to their clients and members. Stone Point will provide Lone Wolf with additional growth capital to accelerate organic and inorganic product development. 

Over the past five years, Lone Wolf has significantly expanded its product portfolio beyond its flagship back office solution to encompass forms and transaction management through the national member benefits in the U.S. and Canada, Transactions (zipForm Edition) and CREA WEBForms®, respectively. The company has also incorporated new and emerging technologies such as artificial intelligence and machine learning with the launch of Lone Wolf Insights, while its most recent offering, Lone Wolf Marketplace, brings together over 30 partners to provide an all-in-one platform for agents and brokers. Collectively, these solutions now serve more than 1.4 million agents, 8,000 brokerages, and hundreds of MLSs and associations across North America.

“We’re excited to work with the team at Stone Point to continue our strategic growth,” said Jimmy Kelly, CEO of Lone Wolf. “Stone Point’s investment aligns with our vision to create a truly connected, fully digital real estate experience. We are thankful for the partnership and leadership of Vista Equity Partners over the last five years, and we remain committed to serving the real estate industry going forward.”

“We are enthusiastic about the long-term opportunities within the real estate services and technology industry,” added Chuck Davis, Stone Point’s CEO. “This industry is undergoing rapid digital transformation, and we are pleased to partner with Jimmy and his colleagues, who together have built a remarkable company and have demonstrated the vision to continue to grow and better serve their clients.”

Terms of the transaction will not be disclosed. Jefferies LLC and GCA Advisors, LLC served as financial advisors to Lone Wolf and Vista, and Kirkland & Ellis LLP served as their legal counsel. For Stone Point, Debevoise & Plimpton LLP served as legal counsel.

About Lone Wolf Technologies

Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.4 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits—from transactions to back office, insights, and more, all in one place. Lone Wolf’s head offices are in Cambridge, ON and Dallas, TX. For more information, please visit www.lwolf.com.

About Stone Point Capital LLC

Stone Point Capital is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed eight private equity funds – the Trident Funds – with aggregate committed capital of more than $26 billion. Stone Point targets investments in companies in the global financial services industry and related sectors. For more information, please visit www.stonepoint.com.

About Vista Equity Partners

Vista is a leading global investment firm with more than $58 billion in cumulative capital commitments. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, credit, public equity and permanent capital strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn @Vista Equity Partners.

For further information, please contact:

Kate Annis
VP, Marketing
Lone Wolf Technologies
Tel. 866.279.9653
Email. [email protected]

SOURCE Lone Wolf Technologies

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Taliban vows to pave way for investment in Afghanistan – Anadolu Agency

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KABUL, Afghanistan

The Taliban has expressed assurance that it would pave the way for global investment in the “future of Afghanistan”.

Mohammad Naeem, the spokesman for the Taliban’s Qatar office, said on Thursday in a series of tweets following a meeting between Adam Boehler, CEO of the US International Development Finance Corporation, and Sher Mohammad Abbas Stanikzai, the political deputy of the Taliban.

“The opportunities for financial investment in Afghanistan were discussed during the meeting. American delegation said that Afghanistan was a promising country for global investment. So peace and stability should be brought for the attraction of global investment,” Naeem tweeted.

Boehler on Twitter had said his visit to Qatar was aimed at peace and stability in the region.

There was no immediate reaction to this meeting from the Afghan government officials in Kabul.

However, Sediq Sediqqi, the Afghan presidential spokesman, said on Thursday the Taliban has no legal or religious justifications left to continue the war against people and the state of Afghanistan.

“Scholars in the Islamic world and in Afghanistan, for years, have considered the ongoing war by the Taliban against the people and the state of the Islamic Republic of Afghanistan, forbidden and without legal justification,” he said while hailing similar comments made by Sheikh Ahmed Al-Raissouni, the president of the International Union of Muslim Scholars in a recent interview with the Afghan broadcaster Tolo News.

This comes as the Taliban is engaged in US-brokered intra-Afghan peace talks with the officials from the Kabul government in the Qatari capital Doha since Sep. 12.



Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

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