Airports play an essential role in connecting the world – and this just one of the several reasons why every major city on the planet has invested in this infrastructure. For starters, airports don’t just move passengers, but they also help transport resources no matter where they are in the world.
Beyond its primary function of providing accessible channels to transport people from one place to another, airports also contribute to economic growth and development of its home regions. In fact, several industries benefit from and rely on the commercial aviation industry for their daily operations. Along with seaports, airports are extremely important in export and import trades.
The manufacturing and distribution sectors are heavily dependent on air travel to comply with their time-sensitive schedules. Hotel, travel, and tourism rely on airplane routes and access to transport human cargos to different parts of the world. Business people and investors can create partnerships and networks from companies or individuals who live on the other side of the globe, thanks to the availability of travel that grants them actual access to foreign markets. Especially among businessmen who make a lot of international transactions with global clients (such as LOM Financial), air travel serves paramount purpose.
The presence of airports in a particular global location greatly shapes the economic as well as social landscape of the region. Aside from making it physically accessible to investors, it promises a potential for urban development.
Just like how railroads, seaports, and highways opened a wider entrance for people, products, and services, airports provided a more efficient, faster and 24/7 mode of transport that suits the fast-paced demands of the modern era.
Most importantly, airport infrastructures contribute to a higher economic productivity as well as more dynamic mobility for the most important economic resource that every city can ever have: human capital.
When people talk about retirement, others imagine a day at the beach, bathing in the sun, or traveling the world, savoring their well-deserved freedom. Such activities mark the beginning of a retiree’s new life, but there’s one factor that everyone seems to miss: the process of successfully planning for retirement especially when tackling the financial side of it.
So what preparations should one take into consideration when planning for their golden years? First, it’s important to find smart ways to fund your retirement. Here’s some of them:
Stock Market Investments
No matter what financial goal you have, investing in the stock market is always a right choice – especially if you’re still decades away from retirement. Planning for your future means looking at for at least 20-30 years of life and the long-term as well as the short-term benefits that you can get from investing and growing your stocks are the perfect vehicles to fund your retirement. If direct investment in stocks may seem complicated and laborious for you, it’s always wise to seek an expert’s help (such as offshore discretionary portfolio management with LOM Financial) or buy shares from equity mutual funds.
Employee-Sponsored Retirement Accounts
One example of an employee-sponsored savings account is the 401(k) plan. While it’s usually a less advantageous choice than a pension plan for a retirement fund, there are several reasons why many people still consider this a go-to option because its tax benefits as well as long-term opportunities to build a stable savings. If you’re planning to rely on your contribution plans such as the 401(k) offered an employer, then you have to know the basics of smartly converting this source of fund for retirement.
Social Security can be one of your income sources after retirement in the U.S., but did you know that strategically planning your claiming options can double the rewards? Here, timing is everything. While you can already benefit from this income source as early as 62, a single year or two of claiming delays can increase the sum of these benefits.
About 290 kilometers northwest of Jamaica and 160 kilometers south of Cuba, lies the British Overseas Territory of the Cayman Islands, one of the world’s leading offshore investment and financial services centers recognized by the biggest players in the global finance industry. The islands encompass three major regions: Little Cayman, Cayman Brac, and the Grand Cayman.
Aside from being a tax-efficient jurisdiction favored by giant multinational corporations and wealthy individuals, the Cayman Islands has a lot more to offer. Local residents are engaged in numerous industries and are all helping the region diversify into newer frontiers. Here are some of the sectors that have significantly helped boost the islands’ growing economy:
Located in the Western Caribbean Sea, the Cayman Islands is a popular destination for international travelers. The largest island, Grand Cayman, is known for its pristine beach resorts and mesmerizing diving and snorkeling spots. On the other shores, Cayman Brac is a launch point for other activities like deep-sea fishing excursions. The smallest island, Little Cayman, is a sanctuary of diverse wildlife and is home to several endangered species such as iguanas and seabirds.
Banking in Cayman is a flourishing sector, thanks to multinational bankers that continuously rely on the region’s efficiency and client-centered policies. Recent records reveal that there are 140 foreign banks currently operating in the Cayman Islands, and only 18 banks are domestic. Most of these banks are either branches or subsidiaries of international firms from Canada, United States, Europe, and Asia.
Insurance and Finance
The Cayman Islands is an important player in the global financial market, allowing legal and efficient transactions between the users, and their investment capital and financing providers. Thanks to its client-focused market leadership in the financial sector, the islands continue to attract new international clients from the developed world.
The dawn of technology brought forth innovations that have not only improved people’s way of life but have transformed how the world sees the future. Today, we’re witnessing an era of boundless opportunities, and that is all thanks to the game-changers, the powerful companies, and institutions that broke the limits of not only our imagination but of our perception of reality as well.
Here are some of the most influential and powerful companies that continue to imagine, innovate, and beat the odds.
With over two billion active users every month, Facebook is one of the fastest growing tech companies in the world and its influence have contributed to a global avenue where people from every part of the continent can interact with one another with a single click. Nearly a staple in most portfolios—including offshore investments—this social media giant has taken on other business ventures beyond the platform, investing in different innovations like virtual reality and augmented reality technology.
As a resident member of the Fortune 500, Microsoft’s influence in the tech industry remains dominant even after years since it was established. Aside from the company’s massive investments in the cloud computing technology, its mission of making the world a better place by focusing most of their assets of corporate and social responsibility with two primary goals: through the power of technology, protect human rights and save the planet.
Tesla is an emerging that has been making headlines because of its visionary and oftentimes ambitious projects. Despite the early failures, this tech giant’s role in making environmentally-friendly technology available to everyone has made it one of the most important front-runners of future tech. The company focuses on different projects committed to social responsibility: solar-panel manufacturing, sustainable energy storage, to name a few.
Among the many surefire areas to invest money this (pretty much any given year) 2016 is the area of real estate also known as REIT. If you are looking forward to a good retirement income, this is the time to invest in real estate. The dividends are high and there is a huge chance that your money would even grow in the future to the point that people would actually bid for it. Putting your money in real estate is only quite risky during recessions and when the market totally hits rock bottom. But the good news is, this year is neither those two so you’re pretty much in good hands. Dare I say it, this year is looking good!
But just because 2016 is promising, it doesn’t mean you could just slack with your strategies. It is a must to take advantage of this great opportunity to expand what you have and make great decisions with your investment because the future would actually do well for you if you do the present right. As promised, this article 3 of the best places where you could put your money in this time of the year.
Public Storage: also known as PSA in NYSE. Believe it or not, but this is quite an in demand market in the United States. According to a recent report done by The Motley Fool, about 2, 2000 storage facilities are available in this country and not a lot of people are actually seeing it as a lucrative business. These days, many keep on buying and are worrying where to place them. This is your chance to gain customers if you know what I mean.
Realty Business: also known as O in NYSE. This is going to be in retail and for some, it does sound like it is a risky idea. But the truth is, it is not that bad at all. It is not exactly the typical retail everyone is assuming of. In fact, there are three categories that define what I’m talking about here: The non-discretionary retail are for items that people buy according to their needs and not their wants. Service business is pertaining to businesses that serve people in person. This means customers have to go to a physical store or shop to gain services from the said business. And low price points are stores where you could find really cheap products like The Dollar Store. I’ll go deep into these topics if you stick around but for now, I’ll give you a brief meaning of these three.
Welltower: now known as HCN in NYSE but it was also known as Health Care REIT. This one involved healthcare equipment and properties. The demographic trends for this area are high, so it won’t be risky to your money in it.