Family Financial Connections archive
Date: November 2016

11/28/2016

Tesla Motors Plans To Get Into The Insurance Coverage Organisation

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Categories: Insurance
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Tesla Motors has strategies to get into the insurance company as its self-driving automobiles have the possible to overthrow the industry.

The Palo Alto-based cars and truck company is beginning a brand-new program called InsureMyTesla in Australia and Hong Kong, inning accordance with a report from Electrek. The custom insurance coverage strategies are financed by bigger insurance coverage partners. Tesla is partnering with AXA General Insurance coverage in Hong Kong and with QBE Insurance in Australia.

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11/25/2016

JPMorgan Courts Millennials By Putting The Entire Car-Buying Problem Online

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Categories: Finance Resources
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Millennials, numerous surveys will tell you, are not fans of big banks. Theyare smart, price-sensitive customers who are even more most likely than older customers to change lenders if they find a much better offer.

They are also a huge, alluring market for the monetary industry, which is why banks do everything possible to guarantee that these digitally native clients stay loyal oncethey’ve pinched their noses and opened accounts.That implies advanced social networks, nimble mobile-banking platforms, and– in a bid to acquire some fintech street cred– a new end-to-end car-buying service by Chase that can be accessed viasmartphone. (Or, if you’re old-school, by computer.)

“Lots of banks are not terribly well-prepared for the mobile, on-the-go, millennial customer,” said Jeff Fromm, president of marketing consultancy FutureCastand a partner atbrandingfirm Barkley. The huge majority of senior people running banks are over the age of 50 and most likely not extremely representative of the population at big, he said.But they’re trying. This latestoffering from Chase, the United States customer and industrial banking arm of JPMorganChase amp; Co., is in collaboration with digital car-buying serviceTrueCar. CalledChase Auto Direct, it layers auto funding ontoonline cars and truck shopping: Authorized debtors that applied through smartphone or computer are routed to a network of Chase-affiliated dealers that have the vehicle they want; they stroll into discover their documentation ready.Chase Car Direct is available for Chase customers in 30 states and will present to all 50 states next year.


11/21/2016

Brazil Chooses Not To Raise Taxes To Fulfill 2017 Fiscal Goal

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Categories: Taxes
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Brazils new President Michel Temer reacts throughout the governmental inauguration ceremony after Brazils Senate got rid of President Dilma Rousseff in Brasilia, Brazil, August 31, 2016.
REUTERS/Ueslei Marcelino


11/19/2016

Why Apple’s $14.5 Billion Tax Fine Is Worse For Investors Than It Looks

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Categories: Taxes
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Apples $14.5 billion EU tax fine might take a larger bite from the iPhone maker than investors are acknowledging.

Shares of the iPhone maker fell just 82 cents, or less than 0.8% on Tuesday, to $106, after a European tax commission stated Apple had to pay the $14.5 billion in back taxes, plus interest, that it had actually prevented paying European governments for years since of a sweetie deal with Ireland. EU regulators discovered that Apple was paying a tax rate of 0.5%, when it should have been paying 12.5% if it were really following Irelands tax guidelines.

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Undoubtedly, the technology giant will have no issue covering the fine. Apple has $231 billion in money and financial investments. The EU levy would consume up just 6% of that. Whats more, the business produced nearly $11 billion in cash circulationcapital from operations in the last quarter alone. Then theres the rumbling among some experts that Apple may not even need to pay the full amount. Both the computer company and Ireland are likely to appeal the ruling. Even if Apple loses, it might be able to balance out some of that cost with US tax credit.

Still, the multi-billion dollar tax hit could slice a larger portion from Apples bottom line and its share rate than it appears.

See also: Why Irelands Government Doesn’t Want Apples Cash

First off, shares of Apple
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trade at a price-to-book ratio of 4.5 times the iPhone makers net worth. That suggests shareholders have actually been valuing every dollar of net possessions that the iPhone maker holds at $4.50, most likely on the presumption that Apple will have the ability to turn those assets into more money. That indicates if Apple needs to shell out (no tax pun planned) $14.5 billion in money, that need to slice $65 billion off of Apples market worth. Yet, Apples market capitalization fell less a tenth of that on Tuesday or around $5 billion.

It is realholds true that Apples cash probably gets a lower premium than a few of its other assets, like say its patents. However its likewise probably not one-to-one either. Subtract the cash, and the rest of Apples possessions trade at 7 times its book worth. That would be more than Googles price-to-book value of just over 4 times incomes, and around what Facebooks properties are valued at. But both of those companies are growing their earnings much faster than Apple, and ought to get a higher book value.

See also: What the Web Is Saying About Apples $14 Billion Tax Battle With Europe

As for Apples bottom line, the company made $39 billion in its fiscal 2014, which ended in September and the last year covered by the tax offer. That represents about 20% of the earnings it made during the 11-year period covered by the $14.5 billion tax fine. So if Apple had paid its full taxes, it would have owed nearly $3 billion in additional taxes.

Assume it will need to pay those taxes in the future, and expected earnings this year would drop to $41 billion. Apply Apples p/e ratio of around 12 to that, and you get a market cap of $482 million, or roughly $88 billion less than where the stock trades today.

Apple has actually resided in a world for more than a years– or most likely more like two– where it hasn’t needed to pay much taxes on a great portion of its incomes. Financiers, it appears, still think they are residing in that world.


11/18/2016

What LL Cool J Taught Me About Cash

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Categories: Managing Money
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Several years earlier, I encountered LL Cool J, and it left a lasting impression on me when it concerns managing cash. If you are prepared to take the next action with your loan, then think about getting a financial advisor to helpto assist you.



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