Does any mutual fund in Nepal have systematic withdrawal plan (SWP)? I only know of Systematic Investment Plan (SIP) but am looking for SWP option.
View on r/NepalStock by DefinitionOk5321
Tag: withdrawal
-
The 4 Potential Problems With Variable Annuities
One of the riskiest ventures is investing your money in the stock market. But along with the extreme risk involved, is also has the potential to make you a lot of money. In fact, investing in the stock market can turn out to be one of the most profitable business decisions you’ll ever make if done right.
With so many variables to consider, it is expected that you may have hesitancy to risk your hard-earned cash on a speculative venture in the stock market. The best course of action is to hire a reputable stockbroker to handle your stocks in the beginning. A trained stockbroker can give you dependable stock tips and solid professional advice.
Another good idea is to discuss stocks with an associate or friend with a bit of experience investing in the market themselves. Talking with educated friends and acquaintances can be a good way to get stock advice and knowledge for free.
A well-known stock move is investing in variable annuities using the premium of your insurance. Variable annuities are actually insurance contracts that allow you to invest your premium in mutual fund type investments. While this may seem like a good idea, when you review it more closely, it might be a poor investment.
The following are 4 potential problems with annuities:
- Early withdrawal penalties can cost you a double penalty. When you withdraw your profits, you will be penalized because insurance plans are designed for retirement. When you take money from your premium, it costs you in penalties to the government and to the insurance company itself.
- The death benefit affects the people you leave behind. If the stocks you hold are down when you die, your beneficiaries receive as much of the investments as you put in. If stocks are up when you die, they are taxed as regular income.
- Smaller taxes are paid on ordinary investments in mutual funds and stocks which qualify for low capital gains treatment. The gains from investing in premiums, however, are taxed immediately upon withdrawal.
- When you buy annuities with insurance features, they are actually more costly than regular mutual funds. When an annuity has more insurance features, there are annual fees heaped on top of it. The result is a loss of profits for you.
Another thing to keep in mind is that timing is a key element to successful stock investing. There are specific times that are good to invest and other times that are poor. During times of hardship or national duress, the prices of stocks may be driven down to a discounted rate, but there is no reassurance that such stocks will recover to realize a significant profit. Educating yourself on the company is key in this situation.
The bottom line with regards to investing in the stock market is diversification. The best decision is to diversify where and when you invest your money so you can always realize some type of profit to offset potential losses.
And you should always hire a reputable finance professional to help guide you through the stock market.
-
Best Way to Get Your Freelancing Income in Nepal
We already know how to send freelancing revenue to Nepal because we are successful freelancers. There are a variety of options to choose from. However, we must choose which option is better for us.
Let’s look at Upwork earnings as an example. In this article, we’ll compare practically every payment method available on Upwork. So far, there are four alternatives available for everyone. Only Nepali freelancers should use Direct to Local Bank (NPR), according to Upwork. For each withdrawal, they levy a little fee of $0.99. However, their currency exchange rate is HORRIBLE. They offer a rate that is 3-4 rupees lower than Nepal’s daily foreign exchange rate. To evaluate which option is the best, we’ll use simple math to transfer $1000 using the exchange rate of 20/12/2019 ( NPR 1 = USD 113.89).
Direct to Local Bank (BDT)
Let’s assume that the bank’s rate is NPR 2 less than the forex rate.
$0.99 per withdrawal to Nepal.
$1000 – $0.99 = $999.01 X 111.89 = NPR 111,779.23
Normally it takes one or two days to arrive at your bank account.
So the ultimate rate for $1 is NPR 111.78Payoneer
$2 USD per withdrawal from Upwork.
Normal Delivery:
$1000 – $2 = $998 X 113.89 = NPR 113,662.22
Normally it takes three to four days to arrive at your bank account.Fast Delivery:
$1000 – $2 = $998 – $2.5 (Payoneer Quick Load Fee) = $995.5 X 113.89 = NPR 113,377.50
Normally it takes two to three days to arrive at your bank account.So the ultimate rate for $1 is NPR 113.66 with normal delivery and NPR 113.38 with faster delivery.
Wire Transfer (USD)
It is not suitable for Nepal. It charges $30 for each transaction and takes a long time with various difficulties.Direct to U.S Bank (USD)
Free payments to U.S Bank account in USD.It is also not suitable for Nepal. Most of the Nepali freelancers don’t have U.S Bank account.
Final Consideration
By Direct to Local Bank (BDT): $1 = NPR 111.78
Via Payoneer: $1 = NPR 113.66Conclusion
Finally, we can take a fair decision to determine that Payoneer is the best way to send freelancing income to Nepal. And hopefully, we will find the same results in other marketplaces too. -
WebMoney Withdrawal is now available in Nepal
Users in Nepal, the Philippines, Indonesia, and Bangladesh who use the WebMoney system can now withdraw their funds in cash.
This option is available under the Cashout menu at withdraw.web.money, where you can apply for a fund transfer.
Please keep in mind that only the sender can receive the sent monies.
Source: WebMoney