postaday | wealthymatters

Real Estate Investment Trusts = REIT

July 17, 2014 Leave a comment

wealthymatters A REIT can be set up by a real estate developer or a private equity fund by pooling together rental real estate assets -office buildings, malls, warehouses -into a trust.

A REIT issues units that are traded like a mutual fund unit on any exchange that it is listed on.Like shares represented ownership in a company, a unit of REIT represents ownership of a pool of rent producing real estate assets, or of a company owning a real estate project.
Capital market regulator Sebi will shortly announce final guidelines for REITs.

So what does this mean to retail investors?Investments in REITs will be backed by assets, so they will be ideal for retail investors who want to get a piece of Indian real estate but without the hassles of property titles and other regulatory risks.

And how will REITS help real estate companies?
REITs will provide an exit option to real estate developers and to funds that own a stake in income-producing assets across India. It will provide builders a cheaper source of capital and the muchneeded liquidity to those who are highly leveraged. It will also reduce the exposure and risk assumed by the Indian banking system in the real estate sector.

Market regulator Sebi had notified the regulations for REITs last year, but there was lack of clarity on tax benefits for the new product from the govt’s side.There was a concern over double taxation of REITs.The finance minister,Arun Jaitley, announced in this budget that REITs will have pass through in relation to income from the project, which will eliminate multiple taxation.So.now REITs are likely to take off.

Filed under Paper Assets Tagged with postaday, real estate, real estate investment, Real Estate Investment Trusts, REITS

Joining The ACA Late

July 17, 2014 Leave a comment

The Patient Protection and Affordable Care Act (PPACA),commonly called the Affordable Care Act (ACA) or “Obamacare” was enacted by the Obama Government with the goals of increasing the quality and affordability of health insurance for Americans, lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals and the government.

This Federal law introduced a number of mechanisms—including mandates, subsidies, and insurance exchanges—meant to increase coverage and affordability. The law also requires insurance companies to cover all applicants within new minimum standards and offer the same rates regardless of pre-existing conditions or sex. Additional reforms aimed to reduce costs and improve healthcare outcomes by shifting the system towards quality over quantity through increased competition, regulation, and incentives to streamline the delivery of healthcare.

As of April 2014, more than 10 million Americans have enrolled in healthcare coverage since the ACA’s launch.This figure includes more than 8 million individuals who have selected insurance through the health insurance marketplaces established by the ACA

TurboTax

So now you know if you can still join in late this year. Do go ahead and do the needful m for as you know, the process is not automatic. You need to take the initiative.

Filed under Tidbits Tagged with Affordable Healthcare Act, health insurance, Obamacare, postaday, special enrollment period, The Patient Protection and Affordable Care Act

The Strength Of Your Passport

July 17, 2014 Leave a comment

wealthymatters

So how many countries can you travel to without a visa on the strength of your passport only?

Filed under Tool Kit Tagged with good passports to acquire, postaday, visa on arrival

Richard Branson’s 5-Point Strategy To Let Your Business Take Flight

July 17, 2014 Leave a comment

wealthymatters

In 1970, Richard Branson opened a small record shop called Virgin Records. He had dropped out of high school a few years prior, and his only other business experience was running his own magazine.Today, Branson is worth $5.1 billion and is chairman of the Virgin Group, which consists of more than 400 companies around the world.Over the past 40 years, Branson has learned the ins and outs of business through trial and error, all of which are enumerated in his 2012 book Like a Virgin: Secrets They Won’t Teach You at Business School.

Having figured out how, he continues building an empire of innovative companies,at the heart of which lies these simple five secrets:

1 “If you don’t enjoy it, don’t do it.“

“When I started Virgin from a basement in west London, there was no great plan or strategy. I didn’t set out to build a business empire. I simply wanted to create something people would enjoy using, have fun doing it and at the end of the day prayed that it would make enough to pay the bills,“ Branson writes. Read more of this post