Eyes of the India

  As the Russia-Ukraine war and inflation weigh on global markets, the S&P 500 index, Chinese tech stocks and agriculture funds could help investors to take advantage of a recovery Investing is a long-term game, but it pays to take advantage of short-term opportunities. Buying assets when they are out of favour and trading at low prices can really pay off, assuming they bounce back later. So can spotting an opportunity before other investors do and jumping in before it takes off. Inevitably, both are risky. It is never easy to get your timing right. We asked analysts to name three exciting ways to invest $10,000 over the next three months. The first was supposed to have crashed this year but is proving resilient, the second plummeted last year, costing investors trillions of dollars, but now looks a brighter prospect, while the final one could go either way. Just remember that your aim should be to generate profits over years, rather than making a quick gain over a few m...

  The Russia-Ukraine crisis, Covid-19 and volatile stock markets caused wealth erosion and led to 329 billionaires dropping out of the Forbes’ 2022 rich list The combined net worth of the world’s richest people slipped 3 per cent to $12.7 trillion over the past year, from a record $13.1tn in 2021, driven by the Russia-Ukraine crisis , Covid-19 pandemic and volatile stock markets , with Elon Musk , the founder and chief executive of Tesla topping the Forbes ’ 2022 World Billionaires List. There are 2,668 billionaires in the world, down from an all-time high of 2,755 last year, it said in the annual report, which used stock prices and exchange rates from March 11 to calculate the net worth of the world’s richest people. “In all, 329 people fell off the billionaires list this year — the most since the 2009 financial crisis,” Forbes said on Tuesday. Mr Musk , who was recently appointed to Twitter’s board after emerging as the biggest single shareholder in the microblogging platf...

 In November last year, I woke up to find two messages on my mobile phone that were sent by my bank. One of the messages was a one-time password number and the other informed me that Dh53,000 ($14,431) had been deducted from my account. The transaction was carried out from Baku, Azerbaijan. The money that had been taken was my life savings. I immediately contacted my bank, the police and the Central Bank of the UAE to inform them that my money had been stolen without my knowledge. The police investigated my case and gave me a letter detailing the incident, which I then gave to the bank for its investigation into the matter. However, the bank told me that it was a secured, authorised transaction and it was not responsible for my money disappearing. I don’t understand how this happened as I did not give the OTP to anybody and it happened while I was sleeping. I have since lodged a complaint with the bank as I am unhappy with their decision. I have also made a formal complaint with th...

 I have a Dh70,000 personal loan with a bank in the UAE. I have been unable to pay the instalments for a few months as I have been having financial problems and my salary is not enough to cover the payments. I have been applying for other jobs in the hope of increasing my salary and have been offered a position outside the UAE. The salary is higher than what my current position pays. Is it possible to pay my loan balance from another country? If so, what do I need to do to ensure that I will have no issues with the bank and move countries to start my new job without a problem? RL, Dubai You can pay your debt from another country. However, the crucial point to note here is to communicate with your bank. As soon as you change employers, your bank will be aware of your employment status. Also, if a bank knows that somebody is leaving the country and is expected to leave behind substantial debts, it can apply to the courts for a travel ban. Banks can enforce collection even if you are ...

 All 81 operational Bitcoin cashpoints in the UK must shut down after being declared illegal by the country’s financial regulator. The Financial Conduct Authority has written to the providers with the directive, and raised the prospect of enforcement if it is not obeyed. Most of Britain’s cryptocurrency ATMs are found in convenience shops and supermarkets, and they too have been written to by the FCA. The machines allow users to to exchange cash for Bitcoin but have scant security checks, especially for smaller amounts, and none of their providers are licensed. This has led to concerns they could be used for money laundering, prompting the FCA to act. “We have warned operators of crypto ATMs in the UK to shut their machines down or face enforcement action,” the regulator said. “Crypto ATMs offering crypto-asset exchange services in the UK must be registered with us and comply with UK money laundering regulations. “None of the crypto-asset firms registered with us have been approved...

  Do as much research as you can before taking the first steps to invest in digital tokens In the summer of 2018, I sat on my bed in south-west London and held a piece of paper with the date, my name and my signature next to my face so that I could take a picture with my webcam. This was just part of the process for signing up to buy cryptocurrency then, which also involved a woman calling me by video to verify I was the person in the picture and that the details all matched my passport. Only then was I allowed to create an account, deposit money and buy Bitcoin . From this platform I could then transfer it to another exchange where I could use that Bitcoin to purchase what are known as alt-coins . Alt-coins are as numerous as they are varied. Some you may have heard about have exceptional teams behind them, solving real world problems and aiming to make it into the big leagues. Others were started as jokes, such as Dogecoin and Shiba Inu, or get rich quick schemes and serve only ...