Author: globalfinanceassets

The Bank of Nova Scotia is a popular financial services company operating as Scotiabank in
our time. This company successfully offers commercial and personal banking, corporate and
investment banking, wealth management, and private banking services. 
Readers of an honest review of this Canadian multinational banking and financial services
company can get an overview of how to successfully get suitable services as per their
requirements. They concentrate on and double-check everything about the products and
services offered by this Canadian bank. They like to know and make certain of
the Scotiabank hours right now. You can contact and consult with specialists in the financial
services offered by this financial company with a good reputation. You will make a good
decision and get the suitable service on time. 

Concentrate on and double-check financial services 

All visitors to the official website of this financial company can use its branch locator and
find hours of operation, phone number, address, and transit number for the nearby
Scotiabank. 
Everyone who has joined this financial company can get more than expected ways to bank.
For example, they can contact this financial company and bank from anywhere at any time.
They find a retail branch or ABM and use every option to be successful in their approach to
improving their financial status. 

The main categories of business-related financial services offered by this reliable financial
company are small business advisors and commercial banking specialists. The personal
category of financial services from this firm are home financing advisors, Scotiabank
investment specialists, and Scotia wealth management. 

All new visitors and existing customers of this company use the SWIFT code: NOSCCATT,
Institution number: 002, and ABA number: 026002532. They can enter the street address,
postal code, province, city, or intersection to find the exact location of the Scotiabank. They
can also visit the official website of this company and book a branch appointment without
complexity and delay. 
The branch and ATM locator tool in this firm online is really helpful to search for the
branches, ATMs, or branches and ATMs as per their wishes. You can also use filters to
choose the option Open Saturdays and Open Now in this tool online. You can also search by
transit when you have the transit number. 

Be smart in your approach to using the financial service on time 

Every new visitor to this company online can find a branch or ATM, connect with Scotia, and
begin their step for banking with it. They can learn how to bank with it and use suggestions to
be successful in their approach to using the banking services. Small business-related banking
services offered by this renowned financial company are really helpful to everyone to get the
cheap and best service without complexity and delay. Every business in the small-scale

business sector deserves the best in banking beyond a doubt. Small business banking is
simple. 

You may own a mid-size business and think about how to get banking services. You can
contact this renowned financial company and keep your business very competitive without
complexity. You will get an instant response and make a well-informed decision to use
suitable business development services without complexity and delay. 

Global Banking and Markets is designed to provide corporate and investment banking and
also capital markets both products and services to government, institutional, and corporate
clients from around the world. 
Global Transaction Banking is known for its support to provide global cash management,
trade finance, and payments-related services. You can research and make certain of the
working Scotiabank hours in any branch nearby your location and enhance your approach to
using the banking services. 

Many residents and business people throughout the nation contact this bank and sign up for it.
Once they have created a personal banking or business banking account in this bank, they can
use their username and password to log in to their account. 

Find and get the appropriate banking services 

Scotiabank StarRight Program is designed for international students and newcomers and is
helpful to make living and banking in the nation easy for them. Everyone who has started
using this program can start banking before they arrive. 
Scotiabank is a Canadian-headquarter bank committed to focusing on the first-class growth
markets in the U.S. It is one of the top five worldwide banks in every core market. It is also a
top-15 wholesale bank in the U.S. It is dedicated to delivering prompt assistance and superior
services to help every customer to get ahead. 

You can contact the customer support representative of this bank and keep up-to-date with
the Scotiabank Hours without complexity and delay. You will get the most excellent
benefits from the stress-free method to find and get first-class financial services on time.

TD Ameritrade is one of the most famous brokers in the country. It usually allows the entire
users to pursue their preferred investment strategy irrespective of the experience level. Even
the beginner investors will also explore it simple to obtain started with zero minimum balance
on TD Ameritrade account and direct pricing. Also, the education content is extraordinary
for the extent and range of material wrapped. Even the advanced traders can influence well
known thinkorswim platform of TD Ameritrade. This often provides a strong grouping of the
top level screening operations, research tools, and financial calculators.

Since its invention, TD Ameritrade was become a complete service broker in a discount
package and also has made a brand as a leader in the trading creation, education, and client
experience over the years. The platform of TD Ameritrade demands to all forms of traders.
Also, the new investors have access to vast array of educational tools that are widely
available in numerous formats and also cover a wide variety of topics as well. Even the
customer service is simply accessible via many diverse channels and offer much required
support and peace of mind to the new investors. Also, the transparent cost allows beginners
feel much more comfortable to get into the market and no balance is required.

How to use TD Ameritrade?

Whether you are an experienced trader or a new trader who is simply getting started, the
following are simple step by step tutorials of how to use AD Ameritrade platform.
 The foremost thing you want to do is to visit its website
 If you have an account, simply type your details in an upper right hand corner and
click a green button to sign in.
 If you do not have an account yet, just click on the tools and platforms option in a
menu. On left hand side, you will be able to choose a thinkorswim platform.
 Once you have opened an account, you need to download a thinkorswim application
right on your PC or laptop
 If you are going to use paper trading version, you can be sure to open and it will ask
you to create or login your account. This is for practice trading alone.
 Once you have downloaded a platform onto your PC, you can select between real
accounts or simply practice the trading account with a toggle button. Simply, you can
switch back and forth them from your real as well as paper trading accounts.
 To get began, let you show how to utilize this paper trading account. Then, select a
paper trading on your platform.
 Next, you go to dashboard and move over to other tools placed on a top bar.
 Click on a trade button at the top, where you can type your ticker symbols of what
you consider trading and where you will spend most of the time.

Top exciting features of TD Ameritrade

The TD Ameritrade might be one of the most popular for their thinkorswim or a flagship
trading platform. This powerful trading platform is providing sophisticated screening
features, research tools, and financial calculators with the back testing abilities and allowing
investors to experiment with their investment approach depends on the historical data before
ingoing the market. However, this new product improvement is continuing to move out such

as a portfolio process feature and updated charting functionality. According to the users
report, the complete spontaneous design, reliable improvement, and coverage of trading tools
for TD Ameritrade are the superior things to like on this trading platform. Overall, the
healthy investment options of TD Ameritrade are paired with mostly less fees, an in depth
educational record, amazing client support and also resounds with the investors of complete
backgrounds.

TD Ameritrade fee

When you use TD Ameritrade platform, you do not drain your account with any hidden or
unwanted fees. They provide a fee structure that matches your direct commissions and are
complemented with the free access to a third party platform and research. They also provide
you many ways to save your funds for what is more essential for your investments. For
certificate withdrawal, it charges around $500 and not required any minimum balance. For
reorganization, it is mandatory to pay $38 and the electronic statements are completely free
of charge. For outbound full account transfer, it charges around $75 and partial account
transfer is completely free. For outgoing wires either domestic or international, it charges
$25.

Geek Squad Inc, is a subsidiary of a reliable American and Canadian multinational consumer
electronics corporation namely Best Buy. It was an independent company founded by Robert
Stephens, Chief Inspector in 1994. It offers different types of computer-related services and
accessories. It is combined with Best Buy in 2022.

A qualified team in the Geek Squad gives services in-store, on-site, and online using remote
access. It provides 24 hours telephone support and emergency on-site support as expected by
its clients. It has experts to diagnose issues in and repairs the complete consumer electronics
and appliances. You can focus on the details about the Geek squad business hours and make
a well-informed decision to contact this team and fulfill your requirements regarding the
computers and consumer electronics and appliances related services.  

Contact and consult with the customer support team 

The Geek Squad nowadays successfully incorporates home theater installation and provides
this service via telephone. You can contact this Apple Authorized Service Provider and
discuss anything associated with an easy way to get customized yet affordable home theater
installation services on time. This company today is an Apple Authorized Service Provider. 

Well-experienced and committed staff members of this reliable company offer an unmatched
level of support and provide 24/7 services to customers online, in-store, on the phone, and in
the home. Almost every customer of this company ensures that nobody stands behind them
like this company. 

They are amazed about the overall quality of services offered by this company. You can
contact this company to install, set up, protect, and repair any consumer electronic appliances
and devices. 
You may decide to visit in-store and think about how you can get the best support and service
from this company. You can bring your consumer electronic product or appliance here and
speak with an experienced agent in person. You can make a reservation and get the most
outstanding benefits from the customized yet affordable services on time.  

This is worthwhile to be aware of the Geek squad timing and make certain an outstanding
enhancement in your approach for properly using the cheap and best services. Friendly and
committed staff members of this company provide an instant response as expected by new
visitors and existing customers.    

Prefer and use the customer support services 24/7 

Committed and experienced staff members here deliver products and get such products up
and running as efficiently as possible. They have expertise and years of experience to set up
their customers’ tech and show them how to successfully use it. They assist their customers to
extend the warranty and protect the purchase. They answer questions and solve problems

24/7/365. They use first-class tools and technologies to fix problems in cell phones,
computers, and other consumer electronics. 

As a new visitor to the Geek Squad, you have to choose your Geek Squad Services by
category. The main category accessible on the official website of this trustworthy company is
Appliances. Cameras & Camcorders, Car Electronics, Cell Phones, Computers & Tablets,
Smart Home, Portable Audio, TV & Home Theater, and Video Gaming. 

Getting help from the Geek Squad is easy as it provides online and phone support 24/7. If you
require something fixed as soon as possible, then you can contact and consult with a
dedicated customer support agent here. 

Many customers of this company chat with an agent from the comfort of their homes. They
also call 1-800-433-5778 from anywhere in the U.S. They use the remote login option when
they have a code from an agent. They get more than expected benefits from the remote
customer support session. They know and remember the Geek squad business hours as they
understand the significance of using professional consumer electronics-related services on
time. They get excellent benefits every time they use customer support services. 

Make a well-informed decision to use the customer support 

Geek Squad became part of Best Buy in 2002. These two companies together provide expert
and trusted service for millions of customers throughout their service areas. Almost every
resident who visits the Best Buy Store can find Geek Squad in it. There are over 20,000 Geek
Squad agents across the nation ready to help. 

Dedicated and friendly Geek Squad staff members repair the computer and cell phone
regardless of whether you have bought anything from Best Buy or not. Residents who keep
up-to-date with the Geek squad timing can make a good decision to properly use the Best
Buy Totaltech and Geek Squad Protection. They use these options to get professional services
to repair the large TVs and appliances in their residence.

You can explore the best brands of modern vape devices for sale online and make a good
decision to buy and use one of these devices. All beginners to vaping devices may get
confused with a large collection of products and regular updates of such products. They have
to contact and discuss with experienced vapers to find and use the easy-to-follow guidelines
to choose and order the box mod, tank, charger, battery, and ejuice. Choosing the cheap and
best vape device is not a challenging thing for beginners in the vaping device collection. This
is because of clear images and descriptions of vape devices for sale online. 

Trendy box mod kits 

The box mod kits are made up of a very good tank, a mod that is usually box-shaped, and a
battery. These devices come with a suitable tank for the mod and let all users be comfortable
every time they use them. Every user of such devices must be very conscious about the
proper maintenance of all devices as the separate battery, tank, and mod. The main benefit to
users of the box mod starter kits is their customization and power. You can buy and use these
devices as their ability to adjust the wattage going to coil, giving users a heavy hit, and the
ability to change the airflow on the tank for a tight and airy draw. 

Geekvape L200 Kit is a high-quality yet affordable mod kit. This product is IP68 waterproof,
nearly indestructible, and dustproof by nature. Everyone who has bought this product also
gets the Geekvape Zeus sub-ohm tank. The Zeus tank is filled and known for its user-friendly
design. The first-class design of this kit delivers main clouds and also flavors. The overall
performance of this vaping device is outstanding. Almost every beginner and experienced
vaper using this product enjoys it beyond their wishes. This product takes 2 batteries to
function. This product is capable of firing at up to 200 watts in power mode. There are
temperature control and power modes available in this device. 

The best pod vape kits 

A pod vape device is developed using a pod and a battery. This all-in-one design makes it
user-friendly. If you do not want to use a large pen-style vape with any separate tank, then
you can prefer and purchase the pod vape. The majority of all-in-one style vapes in our time
are not customizable and very adjustable. They have a small battery and ejuice capacity. They
have low maintenance needs as their simple design of the pod and battery construction.
Individuals who are not heavy smokers or vapers can buy and use the pod vape kits. This is
because the pod size is smaller than what vapers get from a vape tank. 

Uwell Caliburn A2 is a light and low-profile pod vape designed to hit as expected by people
who prefer mid to high levels of nicotine salt strength. It is very effective for vaping nicotine
ejuices. The flavor from the A2 is good as expected by every user of this vape device in our
time. This product has a slim and skinny profile in 10 different colors. It packs a good
520mAh battery which lasts for a long time. It works with draw-activated and button-
activated firing. 

Disposable vapes 

Different designs of affordable and high-quality disposable vapes are available in our time
and recommended by satisfied users. The Dragbar 5000 is a very good sensational disposable
vape and is available in a 2-tone bottle-shaped design. It has an internal 630mAh battery, and
a 13ml pre-filled juice capacity. The battery in this vape device is recharged using the USB
Type – C. It delivers up to 5000 puffs per bar. The sumptuous and accurate flavors of this
product give outstanding benefits to all users beyond doubt. The mouthpiece of this product
is good for MTL vaping. It is designed to deliver a smooth and satisfying draw. 

The ElfBar BC5000 is a very popular vape device and is available at a competitive price. It
includes a 650mAh battery. It is rechargeable using the USB Type C and known for its
gigantic 13ml pre-filled juice capacity. It is very popular for its stylish flask design and is
available in some delicious flavors. The dual coil in this product is designed to deliver great
performance. You can read honest revives of the best vape devices from the top brands and
make a good decision to fulfill your wishes about an easy way to find and buy a suitable vape
device.

A renowned cryptocurrency exchange FTX filed for Chapter 11 bankruptcy on November 11, 2022. Crypto investors explore everything about what went wrong. This famous exchange has been accused of misusing funds from customers for investments without their permission.

If you have any level of expertise in the FTX and regulation of the crypto market at this time,
then you have to concentrate on and double-check several important things. 
Almost every customer of this crypto exchange feels dissatisfied and ensures that this
exchange was supposed to hold onto money from their customers and give it back to them
when they needed it. 

The ftx exchange had valued its overall assets between $10 billion to $50 billion. It had
listed over 130 affiliated companies worldwide as per its bankruptcy filing. This crypto
exchange is now short billions of dollars and experiencing the crypto equivalent of a bank
run. This exchange sought bankruptcy protection last week. 

The CEO and Founder of this exchange resigned from their jobs. After a few hours, this
trading firm said there had been some unauthorized accesses end in funds disappearance. This
news sends shockwaves through the competitive crypto industry. 

The latest news about the crypto exchange FTX 

Many customers of this crypto exchange fled it over their fears about whether it had enough
capital and agreed to sell itself to its competitors, especially the Binance crypto exchange.
However, the deal fell through while due diligence of Binance on the balance sheet of this
crypto exchange was still pending. As a famous political supporter to Democrats and known
for his worth of $23 billion Bankman Fried is very popular in recent years. 

The bankruptcy filed by the popular crypto exchange 

The ftx crypto exchange has confirmed that there had been illegal access to its accounts,
some hours after it filed for Chapter 11 bankruptcy protection. In social media, there is a
debate formed regarding whether the employees of this crypto exchange had stolen funds or
the crypto exchange was hacked.  
There is no clear thing about exactly how much money is involved. However, a renowned
analytics firm Elliptic estimated that $477 million was missing from this crypto exchange.
John Ray III is the new CEO of this crypto exchange. He said that it was a switching of the
overall ability to withdraw funds or trade. This crypto exchange takes essential steps to
secure the assets of its customers. 

Everyone who owns the crypto must be ok when they keep their crypto off exchanges
especially FTX as such platforms work as crypto-casino gambling websites. Every crypto
exchange in our time is a security risk. Some of the popular crypto exchanges are better than
others. 

If you wish to invest in and trade cryptocurrencies, then you have to take complete control of
your digital assets. Many people worldwide read an honest review of the ftx exchange in
recent times and like to know about the outstanding benefits to every customer. This is
because this crypto trading exchange recently filed for bankruptcy. 

Make a good decision to invest in the crypto 

Every company that backed FTX is writing down investments and the overall prices of
bitcoin and other categories of digital currencies have reduced. Regulators and politicians are
calling for strict oversight of the unwidely industry. 

FTX was moving as many digital assets as identified to a new cold wallet custodian to store
assets offline without letting any remote control. It had entered into several sports-related
deals. The NBA’s Miami Heat and Miami-Dade Country decided to terminate their
association with FTX and rename the arena of their team.       

Individuals who invest in bitcoin can get the option to take self-custody and take their coins
off the exchange without complexity and delay. The Royal Bahamas Police Force
investigated the ftx crypto and worked with Bahamas securities regulators to investigate
whether any criminal misconduct occurred or not. The U.S. Department of Justice and the
Securities and Exchange Commission started examining the FTX to find whether any
criminal activity or securities offenses were committed.  

Many professionals in the crypto exchanges worldwide in our time think that customers of
the crypto exchange FTX are unlikely to recover much. Though customers of banks and
brokerage firms nowadays are insured by the FDIC and a similar type of mutualized
backstop, nothing is available for FTX’s customers to protect their assets. After Sam
Bankman-Fried’s FTX filed for Chapter 11 bankruptcy protection in the U.S., he stepped
down as CEO and was succeeded by John J. Ray III.

Luxury vacation rentals are a type of accommodation that provides guests with an exceptional
experience. They are typically located in high-end destinations and provide guests with all the
amenities they could need. There are many different types of luxury vacation rentals, each
providing guests with a unique experience. Luxury travel is a popular option for many people.
But when it comes to luxury vacation rentals, the options are limited. This is because luxury
accommodations are usually reserved for those who can afford them. Vacation rentals are an
ideal way to travel in style. They provide a luxurious and comfortable stay, with all the amenities
you need for a carefree vacation.

The Maldives
St. Bart’s, France
Bali, Indonesia
Phuket, Thailand
The Seychelles
St Lucia
Hawaii
Morocco
Mexico City
Mexico
Costa Rica,
Iceland
South Africa

Most unknown places to visit

There are a lot of places that you would never think of visiting. But if you want to see something
new, then these unknown places might be the best option for you. The most unknown places to
visit are the ones that are off the beaten path and not crowded with tourists. There are some

places on earth that are unknown to the majority of people. These places are still worth visiting
because they offer a unique experience. Some of these places include the Amazon rainforest,
Mount Kilimanjaro, and Antarctica.

There are many places in the world that are unknown to most people. Here is a list of some of the most unknown places to visit –

• Ait Benhaddou, Morocco
• Yogyakarta, Indonesia
• Antsirabe, Madagascar
• Timbuktu, Mali
• Ulaanbaatar, Mongolia
  When it comes to traveling, not everyone has the time to search for the perfect destination. This
  is where luxury vacation rentals come in. Luxury vacation rentals are a new way of traveling
  that combines all the benefits of a hotel with the flexibility of a home. They can be rented for
  short-term stays or long-term stays and they offer amenities such as free Wi-Fi, cable TV, and
  private bathrooms.
• Many people are looking for luxurious accommodations when they travel, but
  they don’t want to spend their whole trip staying in one place. With luxury vacation rentals, you
  can explore all over while still feeling comfortable and safe at home. Luxurious Vacation Rentals
  are increasingly popular among people who want to explore places that they don’t know well.
  They provide an opportunity for people to try new things and experience new cultures without
  having to spend too much money on accommodations. Many travelers prefer luxury vacation
  rentals because they offer more amenities like a personal chef, spa treatments, and private villas
  with pools and gardens.
  Vacation is a time to travel, relax and explore new places. There are many unknown places that
  people have yet to visit. Many people travel to destinations they know nothing about, but
  wouldn’t mind visiting one day. This can be a good way for people to find new places that they
  would like to visit and explore. There are many different types of vacations that people take such
  as adventure vacations, romantic getaway, family trip, etc. The best way to find the perfect
  vacation destination is to do a lot of research.
  You can read about the different places and how they are different from each other. You can also
  ask people that have been there if they have anything bad to say about it. It’s not just about
  finding the perfect place for your vacation; it’s also about getting the most out of your time there.
  Here are some of our favorite things to do in a new city or country. A vacation is a perfect time
  to explore and experience new things. It is a time when you can get away from your daily routine
  and immerse yourself in a new culture.
  As we explore and experience different cultures, we learn a lot about our own culture. We learn
  how to appreciate the differences and similarities between us. We are often exposed to new

things that help us grow as a person. When we see something new, it can be overwhelming at
first but it is important to know when to step back and take a break so that you can fully
appreciate what you are seeing. It is important for people to know when they should step back
from their busy schedules and take time for themselves. To do this, they need to be able to
recognize when they need a break from their hectic life and try new things that will help them
grow as individuals.

Home equity is the home loan you have paid off. It is the difference between the market value of the
property and the other liens attached to it. Assume that market value of a home is $100,000. You
paid a down payment of 20%, that is, $20,000 while buying the property. Now you will have to pay
$80,000. Here the home equity is $20,000.
In this article, let us look into the details of what a home equity is, its working, how to calculate it,
drawbacks and also about home equity loans.

Working of home equity

Assume that person A buys a home from a bank. He takes a loan from the bank to buy the house.
The person pays a down payment to buy the home. He then repays the rest, say within 5 years. The
value of the home is $600,000. Person A paid a down payment of $100,000. He is to repay at the
rate of $100,000 per year. So in the beginning, home equity held by A will be $100,000. At the end of
one year, home equity held by A will be $200,000 (assuming interest is 0%). At the end of third year,
the person A would have repaid $300,000. Therefore, at the end of third year, his home equity is
$300,000.

How to build home equity?

Building home equity means you are decreasing the difference between the property value and the
amount you have to repay. Take the previous example. Person A paid $100,000 of down payment to
buy the home. So here the difference is $400,000. If he had paid $200,000 of down payment, then
the difference is $300,000. If the difference decreases, the property value you hold in hand
increases. Here are some tips to build your home equity:

Make a big down payment

Down payment is the initial amount you pay while buying the property. This acts a security. Here in
this example, the down payment is $100,000. If person A pays $300,000 as down payment, then he
needs to repay only $200,000. The home equity he holds is high here. If he pays $400,000 as down
payment, then he has to repay only $100,000. Here, the home equity he holds is even more higher.
So higher the down payment, higher is the home equity.

Repay in short period of time

When you pay in shorter duration, you can save lots of money. This is because the interest you need
to pay decreases. Take the above example and assume that the person A is repaying at an interest
rate of 10% per annum. This means he has to pay $5,000 per year as interest. If he is repaying within
5 years, then he will pay an interest of $25,000. If person repays within 3 years, then he will pay an
interest of $$15,000.

Therefore, shorter the repayment period, lesser is the interest.

Make biweekly payments

In biweekly payments, you repay twice in a month. Instead of monthly repayments, if you opt for bi
weekly payments, you can finish your mortgage quick. If you are repaying as monthly payments,
then you will make 12 payments in the year. In biweekly payments, you will make 26 payments in a
year. This is because, a year has 52 weeks.
If you apply the bi-weekly payment in the above example, person A will repay in two and a half
years. In monthly payment, person A is repaying in 5 years.

What are home equity loans?

These are loans that allow you to borrow against the home equity you own. Take the above
example. The person A will hold $200,000 equity of the home in the end of two years. Now he can
take loan against this $200,000. These loans are home equity loans.

How to calculate home equity?

You calculate the equity by subtracting the amount of loans on the house from its value. Assume
Alex owes $140,000 on mortgage. The current value of the property is $400,000. Therefore, the
home equity is $400,000-$140,000, which is, $260,000.

Drawbacks of home equity

Every coin has two sides. There are some disadvantages in buying home equities. Your home is at
constant risk till you repay the amount completely. You are borrowing a lump sum. You may develop
stress if your budget goes tight.

It is good to go for home equities, when you are financially stable. Fix the repayment amount based
on your income. If you allocate major part of your earnings in repaying, you may develop stress.
Hope my article on home equity was helpful!

The top billionaires in the world play a huge role in framing global politics. According to Forbes,
there were 2,688 billionaires in 2022. Most of these billionaires invested their wealth in technology.
In this article, let us learn about the top eleven richest man in the world and what they do with their
wealth.

Elon Musk

Elon Musk is a 50 year old business tycoon based in Texas. He founded Tesla and the company is
now worth 130 billion USD. Tesla produces electric vehicles. He also owns he Boring company
which of worth $3.33 billion and Twitter that is of worth $3 billion. Elon Musk is also the founder of
SpaceX and PayPal.

Jeff Bezos
Jeff Bezos is the founder and executive chairman of Amazon. As of August 2022, his asset worth is
$159 billion. He is now the second richest man in the world. He also owns the Blue Origin which of
worth $9.15 billion and the Washington Post that is of worth $250 million. Apart from this, he holds
$14.9 billion in cash. Blue Origin is an aerospace manufacturing company and the Washington Post is
daily newspaper in United States of America.

Bernard Arnault
Bernard Arnault is 73 years old and lives in Paris, France. His net worth is 145 billion USD. He is
now the chairperson of LVMH. LVMH is the largest luxury goods manufacturing company in the
world. He also owns the world’s leading brands like Jacobs, Louis Vuitton, Sephora and Hennessey.
Most of the wealth of Bernard comes from Christian Dior SE. The Christian Dior holds 41.3% of
shares of LVMH. At first Arnault worked as an engineer at his father’s construction firm. He took
charge of the firm in 1971 and started expanding it. Today he is the third richest man in the world.

Gautam Adani
Gautam Adani is 60 years old and lives in Gurgaon, India. His net worth is 123 billion USD. His
Adani Empire is mainly into the business power and transmissions. His assets in the field of power
and transmission are around 123 billion USD. He holds 12.4 billion USD of public assets. Most of
these assets are in the green energy. His business of gas is worth 17.4 billion USD. He owns ports in
India and they are of worth 12.4 billion USD. Today he is the fourth richest man in the world.

Bill Gates
Bill Gates is 66 years old and resides in Washington DC. His net worth is 118 billion USD. He is the
co-founder of Microsoft Corporation. He also owns Cascade investment, LLC. He has 55.6 billion
USD in cash. Microsoft is the largest software company in the world. Bill Gates also holds stocks in
real estate and energy. He also holds stocks in Canadian National Railway. He founded philanthropic
organizations called Gates Learning Foundation and William H Gates Foundation. These two merged
in 2000 to form the Melinda Gates foundation. Bill has helped many countries in their fight against
malaria and polio through this foundation. He is now the fifth richest man in the world

Larry Page

Larry Page is the co-founder of Alphabet. His net worth is 106 billion USD. He holds 6% of stocks in
Alphabet which is of worth 91.8 billion USD. He founded Google along with Brin in 1998. Today
Google tends to more than 92% of search requests in the world. Apart from these, Page also holds
shares in car companies and in companies like Opener and Kitty Hawk. Google brought Page and
Brin to the list of richest man in the world in 2021. This was mainly because the shares of Google
soared up by 50% in 2021.

Sergey Brin
Sergey Brin is 48 years old and lives in California. He is a cofounder of Alphabet. Today Brin is the
seventh richest man in the world. He became the President of Google in 1998 when he co-founded it
with Larry Page. In 2015, he stepped down as CEO of Alphabet and Sundar Pichai took over. Sergey
Brin invested his wealth in innovative technologies like glass smart glasses and Waymo self driving
cars. He has donated millions of dollars to the Parkinson disease research.

Warren Buffett
Warren Buffett is 91 years old and lives in Nebraska. He is the CEO of Berkshire Hathway. His net
worth is 102 billion USD. He has invested his wealth in energy, railroads, insurance, consumer
products, etc.

Steve Ballmer
Steve Balmar is 66 years old and lives in Washington DC. He is the owner of Los Angeles Clippers.
His net worth is 99.3 billion USD. He joined Microsoft as the 30 th employee in 1980. He is now the
ninth richest man in the world.

Larry Wilson
Larry is 77 years old and lives in Hawaii. He is the co-founder of Oracle. His net worth is 96.1 billion
USD. He also holds 13 billion USD worth assets of Tesla. He is also in to the business of real estate.
He holds 17.4 billion USD in cash.

Changpeng Zhao
Zhao is the eleventh richest man in the world. He is known as CZ in the crypto circles. His net
worth is 96 billion USD. He is CEO of Binance. Binance is a crypto currency exchange. Zhao was an
ex-cook of McDonald and is now the biggest crypto millionaire in the world.
Most of the billionaires in the list started their journey with a good idea. And their ideas were born
during their college days!

Adani Group of companies is headquartered at Ahmedabad, India. It is owned by Gautham Adani
and he is the third richest man in the world. The Adani Group was founded in 1988. In the early
days, it was into the business of commodity trading. Today the group has diversified its business in
different fields like port management, renewable energy, electric power generation, airport
operations, mining, food processing, natural gas, and infrastructure. Adani is spread across 50
countries in the world.
In this article let us discuss the different list of companies operating under the Adani empire. Also,
we will discuss how Adani surged its wealth suddenly.

How much is Adani’s total wealth?

The net worth of Adani group is around 137 billion USD. The holding company of the group is the
Adani Enterprises and is mainly involved in mining. The group mines iron ore and coal. There are
three main subsidiaries. They are Adani Wilmar. Adani Road transport and Adani airport. The Adani
Wilmar is into food processing business.
The company has also invested in water infrastructure, solar PV module, agri-output storage,
defence and aerospace, metro and rail infrastructure, financial services, real estate, petro chemicals,
oil exploration and cement.

The Adani Green Energy

It is the largest solar power generator in the world. Its total capacity is 12.3 GW. It is the renewable
arm of the group. It generates wind energy as well. The total assets of this arm are 3.6 billion USD.
Its revenue is 640 million USD.

Adani Ports and SEZ

The Adani Ports is the largest private port enterprise in India. Its net worth is 12 billion USD. The
revenue of the company is around 2.3 billion USD.

Adani Power

The Adani Power is the largest private power generating company in India. It operates four thermal
power projects in the country. It generates around 12.45 GW of power. The revenue of the company
is 4 billion USD.

Adani Transmission

The Adani Transmission operates more than 17,000 km of transmission lines in India. The company is
a major contributor to the Adani wealth. The total assets of the company are around 5.4 billion USD.
The Adani Transmission group operates transmission lines of range 765 KV.

Adani Total Gas

The Adani Gas serves both industries and domestic households. The Adani Total Gas is a joint
venture of a French Oil and Gas company and Adani Group. The Adani gas operates in more than 22
locations. In some locations, it delivers gas through piped gas connection. In India, 90% of the
locations receive gas in cylinders and piped connections are rare. The company also operates
compressed natural gas stations.

Adani Wilmar

It was formed as a joint venture between Wilmar International and Adani Enterprises. It is a food
processing company. The Fortune brand of the company holds 20% of the oil market in India.

Why is Adani’s sudden surge in wealth?

The Adani wealth has increased exponentially within a very short period of time. Many believe that
the rise of Adani Empire is mainly because of the proximity of Mr Adani with the Indian Prime
Minister Narendra Modi. Some even criticize his closeness with the Prime Minister as crony
capitalism. In 2014, Adani traveled with the Prime Minister Modi during his visit to France, Australia,
Japan and Brazil.
In the last two years alone, Adani wealth has increased by 730%. This major jump is mainly
contributed by Adani Total Gas, Adani Transmission and Adani Green. The Adani ports business has
increased by 95%, business of Adani Transmission increased by 500%.

In 2021, Adani was the only India to build five one lakh crore companies in India. India is now
encouraging its companies to become one lakh crore companies. This way India believes that it can
achieve its target of becoming a $5 trillion company by 2030. Adani is now of the major contributor
to India achieving its goal.

In 2022, Adani Wilmar entered the stock market. With this the net worth of the group increased by
894%. With this Adani surpassed its competitor Reliance. In 2022 alone, Gautham Adani added 60.9
billion USD to the Adani wealth. With this Adani overtook the US and UK billionaires. It even
surpassed Bill Gates and Warren buffet leaving them at fifth and sixth positions in the list of top
richest persons in the world.

Gautham Adani is basically a college drop out. Yet he is now the third richest man in the world. His
journey to the top was not easy. He grew up with seven siblings in Ahmedabad.
Bottom line, the push for green energy and the proximity of Mr Adani with the Prime Minister of
India are the main reasons for the sudden increase in Adani wealth.

The Home Equity Line of Credit uses the home equity as collateral. This depends on the credit that is
available on your home equity, debt to income ratio and your credit score. This is called as HELOC in
short. Here in this article, I explain about Home Equity Line of Credit and how it is different from
home equity loan.

What is a home equity line of credit?

In simple terms, home equity line of credit is a loan. Here the lender lends maximum amount taking
the home equity as collateral.

How does HELOC work?

The Home Equity Line of Credit works just like your credit card. It allows you to borrow continuously.
However, the interest rate changes based on market conditions.
There are two phases in a HELOC. They are the draw period and the repayment period. The draw
period is the first phase. During this phase, the Home Equity Line of Credit is opened for the user.
You can keep drawing money as and when needed during this phase. However, you need to make
minimum repayments and interests on what was borrowed. In order to extend your draw period,
you need to refinance. If not you will enter the next phase, called the repayment phase. In this
phase, your access to the credit amount is closed. This means you can no longer borrow money. And
you need to repay your principal and interest.

What are the pros and cons of using HELOC?

With Home Equity Line of Credit, you can borrow money continuously. You need not reapply for
loans repeatedly. You can borrow the exact money that you need and pay back only that amount
and interest. HELOC offers flexibility in repayment. Also, with Home Equity Line of Credit, you shall
convert a portion of your repayment into fixed rate.
The main drawback around this type of line of credit is that the interest charges and loan payments
fluctuates here. People tend to overspend as they have continuous access to credits.

How is HELOC different from home equity loan?

Both home equity line of credit and home equity loans are secured over the home. Both have better
interest rates as compared to credit cards and personal loans. This is because they are secured using
the home as collateral.
In home equity loans, the borrower pays a lump sum as down payment. Later he pays fixed
payments at fixed intervals of time to repay the loan. The interest rates of home equity loans are
also fixed. On the other hand, HELOC has variable interest rates. The repayments are also not fixed.

How do I choose between home equity loan and a HELOC?

You should go for home equity loans for one-time expenses and HELOC to cover your costs. Also,
you may choose Home equity loan during following situations:
 When you have a precise amount in mind that you want to borrow.
 You know about your monthly payments.
 When you have a need for a lump sum upfront
 You have a good credit score. Credit score is a value between 300 and 900.

It is calculated based on your credit history. A good credit score should be between 700 and 900. You
receive this credit score when your credit payments are regular and your history of payment
is good. It means the banks or the lender is at lower risk while offering a loan to you.

You can choose HELOC during following situations:

 When you want to borrow a little, then borrow again after paying a minimum.
 You can use it for long term expenses like education and you do not know what exactly the
loan amount should be. For instance, you take HELOC for your education in your first year of
college. And you do not know what the third and fourth semester fees will be. You can take
it during such scenarios.
 You should have a good credit score
 You should have a little knowledge about the market. When the interest rates will change
and on what basis will they change.

The Right Time: To choose HELOC or Home Equity Loan

Before making the decision, calculate your financial needs. How much money do you need now?
What is your plan of using it? Then consider the monthly payments, interest rates, tax advantages
and fees.
It is always a wise and powerful choice to use HELOC. However, you need to remind yourself now
and then that your home is used as collateral. The risks are high.
Hope my article on Home Equity Line of Credit was helpful!