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Advantages and Disadvantages of Certificate of Deposit

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Certificate of Deposit

The way of earning interest on money that a person saves by locking it away for a certain time is called a certificate of deposit. If a person finding a suitable place to park his funds for a definite period and calmness of his mind certificate of deposit is the worth option. In CDs, banks give a certificate stating the amount an investor deposited, the interest rate being paid, and how long money must retain in the account. CDs keep the money safe while earning interest. However, if a buyer tries to make money out there will be penalties for him.

How do CD Works?

  • Firstly, buy a CD at a reasonable price.
  • The interest will grow in regular intervals or annually. 
  • An investor can earn money from CD by just sitting at home.
  • At the end of the term when the CD matures an investor receives his original amount along with interest back.

Advantages and Disadvantages of Certificate of Deposit 

Advantages of CDs

Here are the various advantages of CD. Many advantages make CD appealing to investors. Given below are CD advantages:

  • Security

Secure investment is comparatively the most attractive aspect of the certificate of deposits. The matured CD maintains its expected purchase value even when the market value changes. 

  • Terms Flexibility

Here is an option for the investors that he can choose a strategy that meets their needs. An investor can go with long-term and short-term CDs according to his financial conditions. Long-term CDs yield much more than a short-term CDs. But short-term CD can also yield more if store in saving accounts of high-interest.

Here are some additional forms of CD investors can choose from:

  • Step-up CDs

Step-up CD allows the investor to lock the rate of interest in a deposit account for a determined or short period of months. In step-up CDs purchasing rates of savers step-up at regular intervals. When CD matures interested rates in accounts increases generally many times.

  • Liquid CDs

An investor can make withdrawals without receiving low or no penalty in liquid CD. Investments such as mutual funds, bonds, and stocks are considered liquid assets. It offers low rates of interest as compared to traditional CDs. 

  • IRA CDs

IRA CDs are CDs in individual retirement accounts. IRA CD investing is a secure and famous strategy of investment. If an investor is looking for the best option that guaranteed returns his retirement funds so, IRA CDs are the option. By this, a person can save his money for retirement.

  • Bump-up CDs

It allows investors to exploit new interest rates that are relatively higher than previous during the complete duration of the CD. It is also known as raise-up the CD rate. It gives options to increase the CD during its term of maturity.

  • CD Ladder

It is a group of CDs with different term lengths. An investor can choose a ladder besides flexible terms. It is a strategy in which a saver divides its money equally and invests it in CDs with variant maturity dates. When CD matures the invested money along with interest is again reinvested. It creates a reoccurring investment a CD is again invested for five years. It will reduce the reinvestment and interest rate risk. The interest paid rate will be higher when the term is also higher.

  • Better than Saving Accounts

The expected interest yield of saving accounts is about 2.0 to 2.15%. The average interest yield of CD is around 2.71 to 2.35% which are the best rates. Interest rates that apply to CD are relatively far greater than the rates of saving accounts with a longer-term.

  • Predictability

CD brings predictable income rates which are its reputed feature. An investor has all the information that what will be the exact worth of investment at the end of the term. When CD matures there will be no decrease or increase in accrued interest. These are free from market-based surprises that are present in the stock market.

Disadvantages of CDs

Although it is secure and predictable it is not suitable for everyone like those investors who want cash before maturity or those who want higher return rates of their investments. Here are some disadvantages:

  • Low Returns

Although the return rate of CD is relatively too higher than saving accounts but too lower than the higher-risks and aggressive bonds and stock investments.

  • Risk of Inflation

In most cases, the inflation rate greatly increased than the CD interests generally the inflation rate is not compatible with CDs. There are always risks for the investors that if inflation is increased, the investment will lose its rate of purchase time by time and interest gain will reduce. 

  • NO Liquidity

CDs are designed in a way to attract savers to keep their money in CD till the end of term until it matures. Generally, people cannot withdraw money from CD as they can do with saving accounts. In this way, assets cannot be considered liquid. When the savers withdraw money before the term they have to pay a penalty or extra fee.

  • Risks of Re-investment

Investors who invest money in CD rates will face re-investment risks. When the rate of interest is reducing their investment yield is also decreased. 

  • Burden of Tax

The burden of tax is also the downside for the investors of CD. If an investor is facing low rates of interest and interest of tax decrease the amount of interest to a much lower rate. It can be adjusted by those who have knowledge about tax rates and plan according to it.

Conclusion

Certificate of Deposit are the financial products offered by banks that give the premium interest rate to the investors on their money. An investor cannot draw the money for three, six, or eighteen months. It is a safe strategy of investment. The interest rate can be fixed or different. A person can choose a CD strategy of his need. But there are some risks for the investors. These risks can be overcome by making a CD ladder of various maturities in the shorter term able the investors to take benefit of higher rates when their CD matures.

Learn more about : Advantages and Disadvantages of Green Card

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Feature of youtube apk

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Feature of youtube apk

if you looking for youtube apk so your search is complete now. today we are going to share youtube apk with direct download link.YouTube is very popular for watching videos on Android devices, the app has over 1 billion installs and has become essential to watch any video; thanks to its features will never leave you without entertainment in all kinds of situations (except when there is no internet connection). Thanks to this app you can watch your favorite videos on your smartphone or tablet wherever you want and whenever you want.

What is Youtube?

YouTube is an American video-sharing website headquartered in San Bruno, California. Three former PayPal employees—Chad Hurley, Steve Chen, and Jawed Karim—created the service in February 2005. Google bought the site in November 2006 for US$1.65 billion; YouTube now operates as one of Google’s subsidiaries.

Feature of youtube apk.

YouTube for Android makes it easy to watch videos on your phone or tablet. With the YouTube app, you can easily search for video categories, browse recommendations, see your subscriptions and playlists, watch movie trailers and clips, and even listen to full tracks while you browse YouTube itself.

How to Download youtube apk?

Youtube Apk is very easy to download. You can simply visit our website and search for youtube apk directly from our home page. Once you have visited our website go to our home page and click on the link “download youtube app”. This will redirect you to another webpage where you can easily download youtube app from there by clicking on the direct download button. In that page you will get a download link. Once the link is clicked, the downloading process starts and it takes a few seconds to complete.

youtube apk download for pc

If you are a youtube lover and want to download it on your PC so no need to worry, we have a solution for you. This is very easy all you have to do is visit our website from your PC and click on the link “youtube app”. That will redirect you to another webpage where there will be a download button.

How to install Youtube apk in android?

  1. Go to android setting and enable “Unknown Sources”.
  2. Now you can install youtube apk file in your Android phone.

Now all you have to do is click on the downloaded file and the installation process will begin, it takes a few seconds to complete.

Once done, open the app and enjoy watching videos on Youtube for android!

youtube apk is safe?

yes is safe to use the youtube app. But please check your region before using it because some countries don’t allow to watch videos on youtube due to copyright issue.

There are some other apps like tube mate which can be used instead of youtube for android but I suggest you not to use any third party application because they might show risky ads and viruses on your phone. So better use youtube for android.

Hope you like the article about youtube apk and if you have any kind of doubt or query related to this article then simply comment below and I will help you solve your problem. Thank You!

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3 Ways to Attract More Local Customers to Your Cell Phone Repair Shop

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For most small business owners, 2020 was an extraordinarily difficult year. But although this health crisis continues on, consumers and business owners alike are eager for a return to normalcy.

If the pandemic has taught us anything, it’s the power of community. When individuals and organizations have found themselves in trouble, others in the area have rallied together to lift them up and show their support.

Still, independent businesses and local franchises need to make a concerted effort to reach customers within a close proximity. And since we know that 93% of customers used the internet to find local businesses in 2020, the most effective way to reach local consumers is to meet them where they already are: online.

Of course, smartphone use has reached new heights – and with that comes along the need for repair services. So how do you ensure that local customers find you? You need to engage in targeted digital marketing efforts for your cell phone repair shop. 

If you’re looking to increase brand awareness and ensure customers in your area can easily locate your business, here are just three local marketing techniques you should consider.

Claim Your Google My Business Page

One of the most important steps you can take to reach local customers is to take full advantage of the Google My Business platform.

GMB, as it’s often called, is a free service that essentially highlights your business in relevant web searches. Google My Business is what drives the organic promotion of specific kinds of search results. 

If you’ve ever seen an outlined section on the side of a search results page when you type in the name of a business or the “map pack” when you look for specific kinds of services in your immediate area, you’ve noticed GMB at work.

GMB is an incredibly powerful tool for small businesses, as the platform allows you to list a wealth of information that appears in search results. Your hours of operation, location, contact information, products and services, images, and relevant updates will appear when a user tries to find businesses like yours in their area. 

The perk for web visitors is that they won’t ever have to go to your website to find out the information they need. While this might seem like a drawback at first, it can actually be to your benefit. Visitors want to find nearby information quickly – and if they do, they’ll be more likely to take immediate action with an in-person visit or purchase. 

If you want customers to easily find you online, you’ll want to claim your GMB and fill it out completely (and accurately). You’ll increase your ability to appear in relevant searches and will add to your brand’s legitimacy in the process. 

Optimize With Long-Tail Keywords

As a small business owner, it’s tough to compete with larger corporations and retail chains. But you actually shouldn’t be competing with these corporations when it comes to your keyword usage.

Optimizing your site with relevant keywords will make it more likely for web users to find you when they’re looking for cell phone repair services or even cell phone accessories. If you’re overly broad in your keyword selection, however, you may struggle to appear in searches because large companies (with even larger budgets) are dominating the SERPs.

As a result, you may want to get hyper-specific with the keywords you add to your product pages and other website content. While you’ll still want to ensure the keywords you use have ample search volume, targeting slightly less competitive keywords can yield better results.

Instead of trying to appear in searches for “cell phone repair,” you might target terms like “cell phone repair services in Charleston SC” or “cell phone repair shops in Little Rock AR.” Of course, the location you target should align with the area you serve. 

Because most local customers are going to use their smartphones to conduct searches, they’re also more likely to use voice search technology. Optimizing with long-tail keywords and conversational phrases can increase your chances of appearing in those searches. Longer keywords are also a better match for user intent, which means your site will actually be more relevant to your customers’ needs – and they’ll be more likely to make a purchase.

Generate More Online Reviews

Online reviews are more important for small businesses than ever before. Most people aren’t willing to take a chance on a brand they’ve never heard of before, even if it’s close by. But if they see that other customers have had an awesome experience with you, they’ll be more comfortable taking a leap of faith.

Online reviews are now considered to be just as important as personal recommendations from friends and family. If you want to boost your brand perception and your website traffic, you’ll need to learn how to generate online reviews for your business and respond to the reviews that come in.

In general, you should make it easy for customers to leave you a review. You’ll probably need to remind them to do so, as most of us are inclined to remember only if we have a poor experience. Send out a direct link in your newsletters and put it on social media and your website for starters.

Once you start receiving reviews, remember to respond to each one with compassion. This is your chance to showcase what makes your customer service so great. You can cement your good reputation or even save a future sale if you remain calm, lead with your values, and make sure the customer feels heard. Even if you get a bad review, your response to it will matter more to other potential customers than the review itself.

Since online reviews can drive customers to your website and build trust, focusing on this area of your reputation management can also improve your marketing and sales as they pertain to local customers.

Local Marketing Can Increase Your Local Reach

It’s likely that your cell phone repair shop mainly serves customers within your community. As such, you need to find a way to reach these local customers on a consistent basis. By optimizing for long-tail keywords, harnessing the power of Google My Business, and increasing the number of online reviews for your business, you can more effectively connect with nearby consumers who are in need of your services.

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Top 5 Collaboration Tools for Remote Teams

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Top 5 Collaboration Tools for Remote Teams

According to Global Workplace Analytics, up to 30% of the US workforce will still work from home at least some of the time during 2021.

That means we’ll still need remote work management tools for many months to come. Foremost of these are those that allow us to interact closely with our fellow workers even when we’re apart.

Find out more about collaboration tools for remote teams and how to manage remote workers by using them.

Why We Need Collaboration Tools for Remote Teams

Although each team member can work independently and communicate only via traditional means like phone and email, these are no substitutes for dedicated online collaboration tools.

These helpful apps can help connect teams regardless of their work setup or location. According to setapp.com, you won’t even experience problems screen sharing between Mac and Windows-based computers.

These innovative tools for remote workers, help teams accomplish the following:

  • Share designs and documents easily in one place
  • Reach out for help with screen sharing
  • Contact team members on one platform
  • Check on project progress quickly, without calling or emailing
  • Ensure clients receive prompt responses to queries or orders

When you have a single communication tool, you needn’t worry about remote workers missing important messages or being unable to access documents. You can pin important documents, like style guides, to these platforms so everyone can access them easily when needed.

These are some of the best collaboration tools available at the moment:

  1. Cloud Storage and Sharing

Cloud-storage makes it easy to access shared documents without going back into your email to search for them. You can create various folders for different types of files or projects and manage who has access to them.

Most of these platforms allow you to grant view-only or edit access as required, and you can also set up version control enabling you to go back to the original version if needed.

That way, you can enjoy real-time collaboration without the worry of overwriting important information.

You can use cloud-sharing for the following:

  • Allowing editor access for written work
  • Sharing large complex spreadsheets
  • Keeping style guides, logos, and standard artwork together

The best cloud-sharing apps include Dropbox, Google Drive, and One Drive.

  1. Project Management Platforms

Project management platforms take most of the guesswork out of managing remote teams. They help you assist remote workers to manage their deadlines using structured procedures.

You can assign deadlines to individual tasks, add comments, and mark items as complete. The platforms allow you to manage an entire project at a glance from one dashboard highlighting all the relevant tasks and sub-tasks involved.

They’re an excellent tool for ensuring that everyone knows when they need to complete their tasks and stay on track with the progress of the project.

Some of these platforms let you customize your workflow to suit unique tasks or situations, too.

The most popular project management tools include Wrike, GamePlan, and Active Colab.

  1. Messaging Apps

Messaging apps allow for instant messaging between colleagues without resorting to tedious emails or telephone calls. Instant messaging applications work well when it comes to sharing tips for remote workers, asking quick general questions, or general chit-chat.

These casual chats throughout the day help alleviate the loneliness of remote work, help foster a good team spirit, and cut down on idle banter during work meetings.

You can use messaging apps for things like:

  • General questions like, ‘what time is the Zoom meeting?’
  • Team bonding and social chatting
  • Asking for help with a simple task
  • Checking if someone’s free to chat more fully about an issue

These apps instantly gain the attention of the recipient by popping up on their screen, but they can also mute them when they want to concentrate on something else.

Skype, Slack, and Flock are some of the messaging apps that work well for remote teams.

  1. Video Meeting Tools

Who will ever forget the era of Zoom meetings? While teleconferences offered an early way to host meetings remotely, they’re a poor substitute for the face-to-face interactions we’re used to in an office environment.

A shortage of in-person interactions is one of the biggest drawbacks of remote teams. Video conferencing makes up for this by allowing screen sharing, updates, and social interactions.

You can edit your work while you’re talking and share your progress on important projects with more than one person at a time.

Nothing is more time-consuming than the backward and forward involved when many people offer input on a project. With video meetings, you can thrash out all your ideas in one place and reach a mutual agreement much faster.

Some uses for these tools include:

  • Company-wide or departmental meetings
  • One-on-one interactions between staff and management
  • Remote social gathering for team bonding activities like after-work drinks
  • Conferences
  • Client meetings with your teams

Some of the best ones include Microsoft Teams, Google Meet, and, of course, Zoom.

  1. Design Tools

File sharing works well for text-based aspects, but what about more creative tasks? Collaborative design tools, like Figma, Vectorly, and InVision allow for all the following interactive work:

  • Two or more designers working on one project
  • Using pre-existing libraries to share templates or images
  • Editing work in real-time, rather than taking notes for later

You can use these tools across a wide range of collaborative projects like UX design, interactive marketing pages, and wireframing.

Is Remote Work the Right Choice for Your Business?

Collaboration tools for remote teams help streamline the process of managing remote teams, so you can make the most of work-from-home efforts.

In many cases, remote work is a cheaper and more effective option for businesses that saves you all the expenses related to running a brick-and-mortar office.

It’s not appropriate for every industry though, so consider your aims and operations carefully before you opt for remote work as a permanent solution.

Browse our blog for more information about the pros and cons of most things.

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