How Profitable is Forex Trading?

July 10, 2020

Forex trading is a subject that has been discussed over and over again for the past few years. And because so many people tried it and failed, an important question popped up in their heads: Is Forex trading actually profitable? Well, given that it’s a market that trades around $5 trillion daily in volume, it’s pretty much self-explanatory that lots of people are actually profiting from it. That being said, if you’ve tried forex trading and it didn’t work out, consider that you might have done something wrong or you didn’t have the necessary patience or practice for the endeavor.

Therefore, in this article, we’ll discuss some of the common mistakes that forex traders make and how to use these in order to make the market profitable for you.

Understanding Forex

One of the most common mistakes that forex beginners usually make is diving headfirst into trading, without having a good understanding of how it actually works. Forex can be profitable for anyone, but you need to take the necessary time to study it in-depth. The base concept that everyone is pretty much familiar with is that whenever you do a transaction, you basically agree to trade or exchange a currency for another one at a certain exchange rate. But then you need to understand what a currency pair is, how the exchange rate can fluctuate, and concepts like demand and markets’ expectations.

The Right Strategy

Just because you’ve studied the concepts and you know what should be done in theory, it doesn’t mean that you can start trading and hope for maximum profitability. Therefore, the next step after getting a good grasp of forex trading is to come up with a good investment strategy. You currently have access to a bunch of strategies that people have made available online, but it would be a mistake to assume that just because these strategies have worked for some people, they will also work for you. Every time you trade, you’re in a different situation with certain particularities. Here we can include your time, your risk tolerance, and even your personality type. That being said, you need to find the strategy that best suits your particular situation, considering that not every strategy is good for every trader.

The Forex Broker

It’s now time for you to choose a broker that will help you conduct your trading activity. It goes without saying that researching the top online Forex brokers is one of the most important steps of your trading journey, as this choice will heavily influence your future as a trader. Nowadays, the number of available brokers is overwhelming, to say the least. But again, depending on your needs and trading practices, only a handful of these brokers can help you maximize your profits. And that’s because all of them can help you with different tools, discounts and account offers. So sometimes a broker can offer you a great commission that will look very attractive to you, but at the same time, they’ll ask for a huge amount of money for your initial deposit. Other times, the initial deposit can be as low as $50, but they’ll condition you on how often you can withdraw money from your account.

Using Safeguards

Another very common mistake that forex traders do is not using safeguards. One of these safeguards is the stop-loss. This stop-loss concept is basically an order that you send to your broker, asking them to limit the losses on a certain trade. You can do that by setting a stop-loss level, which basically will ensure you don’t lose more money than you expect when a certain trade behaves differently from what you thought initially.

A different safeguard that you can consider is limiting your leverage. In forex, leverage is used by investors who want to profit from the fluctuations in exchange rates between two different currencies. This leverage is activated through a loan that is provided to a trader by the broker. That being said, going for excessive leverage is a mistake that can cost you a lot of money.

While most people who get into forex trading will lose money, it’s possible for you to be one of those people who are on the opposite side of the spectrum. But before you can dream about large profits, you need to take the time to study, to understand concepts, to come up with a strategy, and to ensure prudence by using a few safeguards like limiting your leverage, keeping a stop-loss and choosing a reputable forex broker.

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5 Tips to Find the Best Online Casino to Play

July 8, 2020

The popularity of online betting, gambling, and casino sites has meant that more and more people are able to have fun in this way and discover games and hobbies they otherwise wouldn’t have been able to enjoy. However, the internet is a dangerous place to be sometimes, and just as there are dozens of perfectly valid online casinos, there are also some scam sites, set up entirely to defraud people of their money or even to steal their identities. So how can you know which casino sites are good ones to play at and which should be avoided? The following five tips should help you – visit cozino.com/fi.

Third Party Verification

The most important thing to look for when you are considering an online casino to play at is any verifications it might have. So in other words, you need to see if any external sites have reviewed and rated the casino in question. This will give you a good idea as to whether or not the site is real or fake. More than this, it will also tell you exactly what the site is like to play; even if it is real, that doesn’t mean it’s going to be one that you are going to enjoy. It’s wise to check out more than one review as well, to get an overall picture of what the site is like.

Reputation

Third party verification is important, but it’s not the only thing to consider when choosing what online casino to use. The site’s reputation is also a good thing to know about. This information can be found in the form of reviews as mentioned above, but also in online forums, chats, message boards, and groups, for example. If a site is lacking in some way, it is here that you will find out about it, and here that you can make your final decision about playing there or not.

How Many Games?

Once you have decided that a site is a safe one and you aren’t at risk of losing your money or your ID – or both – then you need to determine whether it is a site that you are going to like playing at. One of the best ways to do this is to look at how many games are on offer. This will be a matter of opinion, so you will need to make up your own mind on the matter. For example, do you feel that a good casino site should have lots of different games? Or would you rather go to a site that has only a small number but those games are the best ones available?

Bonuses

Most online casinos are going to offer some kind of welcome bonus for their new players. This could be free spins or a matched deposit, for example, and each site is going to have its own rules and regulations in place for using these bonuses. Take some time to check out the ones you are most interested in; you will find that some of the best looking bonuses are actually not so great due to all the restrictions placed on them, and some of the less interesting bonuses are actually going to be the most useful. Research before signing up to something that might not work out for you.

Interface

Although it might not make a difference to how good – or otherwise – a site is in general terms, the interface of a site, how it looks, and how easy it is to navigate and find what you want can be what makes or breaks your decision when it comes to picking the right one or ones to play on.

Choose a site that you are comfortable with and that you understand how to use, otherwise the time you have to play your casino games won’t be as fun as it should be.

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Is Drop Shipping Dead? All You Need To Know

July 7, 2020

For a while, people have had the assumption that dropshipping is dead. The many blog posts posing the same has made many people believe that there is no hope for dropshipping anymore. This is true for the businesses that hadn’t invested well and done proper market research. However, the future looks bright for the industry.

Thus, believe independently and if you want to indulge in it, do it! There is still a big potential for it. Various myths are there posing a threat to drop shipping. If you genuinely want to start a dropshipping business you need to follow the right path and not fall victim to the various myths. If you take the right strategies, the chances of failing will be minimal.

Tips on how to succeed in dropshipping.

1. Have many suppliers

Dropshipping entails sourcing products from a third party and providing to your customer. Thus, do proper research to know what products are normally bought and the categories you should dwell on. Also, ensure you have a large base of suppliers. This will help you when one supplier is out of stock and your customer has already ordered. This will help prevent any delays in the supply chain.

2. Diversify your market

In your online store, you should have a large base area. Diversify the areas in which people can order from. However, you need to do proper research to know whether your suppliers normally send products to a specific area. Don’t limit your customers, however, ensure it is manageable. Do proper research to ensure you won’t reach the dead-end at any one time.

3. Try a different business model

If you have been doing dropshipping for a couple of years. You must have mastered the art of buying and selling. You can expand your services by buying large bulks of stock and storing them. This will make it easy to supply ordered goods in your area. You will manage to supply to the customers timely and send the right product. However, for this, you will need a large investment to ensure it lasts longer. This will also cut on costs of shipping individual items to individuals in the same area if you already have an existing stock

4. Have a secure, powerful ecommerce store

Many unethical things occur on the internet. That’s why it is important to invest in a powerful platform that will allow you to easily make transactions and secure the amount you get paid. You should also ensure that your customer’s billing account details are also secure. Ensure your website has an SSL file that shows a user it is a secure site. If it doesn’t it will also illustrate being insecure and no one will be willing to buy from you.

5. Grow your social media channels

If you want to succeed in drop shipping, you need to ensure you have a good online presence. As many businesses are evolving, you need to invest in Instagram, Facebook, Pinterest, Twitter, and all other media platforms. You need to invest in them properly to gain followers and convert them into potential customers. This will help increase your customer base and you can advertise your products widely. Nurture and establish your social media channels for your business.

6. Provide content for the categories of your content

Investing in a blog is equally important. Invest in writing about the various products you offer in your ecommerce site. This will help convert your reader into a customer. There is power in product reviews and showing the importance of certain products. You can also engage in email marketing, once you get a good amount of readers or customers.

This will aid in increasing the customer flow and show people that you are credible. Also, ensure the content serves as a call to action and will help make the readers subscribe to the blog and you can send regular promotions to them. Through your social media channels, you can also promote your products and offers that will easily entice people.

Conclusion

Dropshipping is not dead and will not be anytime soon. The current trends are proper assurance that it is here to stay. However, you need to follow the right steps and invest in the right strategies to ensure you succeed and make a profit rather than loss. Also, ensure you have a secure ecommerce website and a good payment channel that will help make your customers trust you. Your business will slowly boom.

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Over 70 Colombian Projects In Search Of European Investors

July 6, 2020

Colombia will showcase over 70 projects and companies to international investors during the 3rd edition of the Colombia Investment Roadshow to be held online July 7, 8 and 9.

The event is a joint effort between the British Government, the British Colombian Chamber of Commerce, EY and Control Risks, the Colombian Embassy and ProColombia in the United Kingdom.

The Colombia Investment Roadshow is a business platform created in the UK in 2018, that aims to promote and attract Foreign Direct Investment into Colombia, as well as create business opportunities for international companies in Colombia.

For the 2020 edition, a portfolio of opportunities in sectors such as infrastructure, technology, agribusiness, energy and others will be available for British and European investors, along with the possibility to join one-on-one meetings with Colombian developers and startups.

In the infrastructure sector, which accounts for 42% of the event’s project portfolio, several important developments in Colombian cities such as Medellin, Bogotá and Cartagena, adding up to $ USD 9 bn, will be presented to investors. Moreover, the infrastructure projects showcased during the Colombian Investment Roadshow aim to develop key toll roads, airports, telecommunication infrastructure, schools and R&D centers around Colombia.

Startups and technology projects are instrumental to Colombia. The 2020 version of this Roadshow will gather 18 Colombian creative companies and startups in the technology segment, all looking for partnerships and international investors. Around 33% of them are related to Fintech solutions, while the rest are focused on artificial Intelligence, software development and other creative ventures.

Colombia is committed to sustainable growth. 100% of the energy projects promoted in this roadshow focus on renewable energy generation in different regions of the country. Also, Colombia has an exposure to sunlight and conditions that are key for enabling all year-round crops, which makes the country attractive for projects in coffee, cocoa, fruits, avocado and other crops. This year, the Roadshow invites foreign investors to learn about 13 agribusiness projects also related to other trending industries such as medical cannabis, blueberries and sustainable wood production.

“The Colombia Investment Roadshow is an opportunity for our economic reactivation, we seek to attract new investment to important projects that will contribute to the transformation of Colombia. This event has become a benchmark for financing public and private works, projects and initiatives, with the highest-level European investors,” stated Flavia Santoro, President of ProColombia.

Besides the individual meetings, high level speakers such as the Minister of Commerce, Industry and Tourism, José Manuel Restrepo, the Minister of Transport, Angela María Orozco, the Minister of Mines and Energy, María Fernanda Suárez and Flavia Santoro, President of ProColombia, will discuss during the three days the central role FDI in Colombia’s economic recovery, Colombia as a major player in the shifts of Global Supply Chains and the importance of Infrastructure and Energy in a post-COVID era.

As a region, Europe is the world´s largest investor in Colombia while the United Kingdom ranks fourth. During 2019 foreign direct investment from Europe reached $ USD 4,7 bn and Colombia is committed to welcome more British and European investors.

Contact [email protected]

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What the Future Holds for the Travel and Tourism Industries

July 4, 2020

Summer in the era of the COVID pandemic is unchartered territory for many in the travel and tourism-related industries. In days gone by, this was the high season where people go on summer holidays with their families. However, the pandemic, travel restrictions, and economic slowdowns are set to change that.

Internationally, many countries have closed their borders or put in place restrictions targeting travelers from “high-risk” countries. Current limits in Canada mean that the Toronto Blue Jays will have to play their entire season in the U.S. as those crossing the border will have to undergo a 14-day quarantine. This would make it impossible for the Blue Jays to play home games during the abbreviated season, which is scheduled to start in late-July.

While airlines in the U.K. and elsewhere have fought to undo the restrictions, they have had little success – at least so far – countries are also putting in place testing and insurance requirements for visitors. These moves have kept international travel from rebounding since most countries went into lockdown model in April.

But the obstacles to the travel and tourism industry are not limited to international travelers. Connecticut, New Jersey, and New York just announced quarantine requirements for visitors from Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Utah, and Texas. While some have questioned the legality of this move on Constitutional grounds, Florida and Rhode Island enacted similar requirements for visitors from New York earlier this year.

Given these measures, the summer travel season is set to be completely different from what we have seen in recent memory. According to reports, interest in R.V. rentals is at an all-time high, and with gas prices the lowest they’ve been in years, some observers think that the saving grace for the summer vacation season might be millions of Americans taking road trips.

However, this does not bode well for airlines. Already walloped by the lockdowns, companies have cut back on routes, canceled purchases, and airplane leases, and mothballed a large percentage of their fleet. With the recent growth of cases in the U.S., industry analysts are becoming increasingly concern that the hoped-for bounce back in air travel might now happen any time soon.

Then there is the cruise industry. In many ways, the industry has become the poster child for the pandemic, and hundreds of cases were tied to infections on cruise ships. The reputational damage from these cases is almost impossible to quantify as even cruise lines whose ships did not have outbreaks have been caught up in the storm.

Like airlines, analysts have no idea when it will become safe to sail again. In May, Norwegian Cruise Lines sought to reorganize nearly $2 billion in debt, and this bankruptcy is seen as a harbinger of things to come for the broader industry.

One company with exposure to the cruise industry is Disney. One of the fastest-growing cruise operators in the U.S., the company has also been forced to close all its theme parks around the world and has even seen the suspension of production on many of its movies and T.V. shows. While it is still early, the company has already said that it expects to report close to $1 billion in COVID-related losses.

Besides the impact on hotels, tourism operators, and airlines, the economic slowdown is also having a tremendous impact on households who were playing to take a vacation this year. The lockdowns and travel bans have forced many to cancel their plans this year, and the round of massive job losses reported in March and April have caused millions to rethink their summer plans.

While there are some bright spots, short-term rentals have seen increased demand as local travellers seek a vacation closer to home this summer, there is potential for households to cut spending going forward. Many small businesses that rely on the summer travel season are already cutting back staff to make sure they are financially protected. Some governments are pushing local tourism to make up for the lack of international travel to help the struggling industry. Tourism Australia is pushing a “Holiday Here This Year” campaign to help local businesses, like Sailing Whitsundays – Wings, that charters boat tours to the Whitsundays and Great Barrier Reef and heavily relies on tourism. This is the beginning of the ‘local travel’ trend that we will see until boarders begin to open to and international travel becomes affordable once again.

For households worried about money, COVID could not have come at a worse time. According to Qapital, “early planning is key when it comes to saving money for a vacation,” and the lost months of work have made it harder for many to save up enough money to afford their summer trip. As such, it is expected that many will forego their plans this year, or if they do travel, they will spend much less than they used to.

Even if the COVID is to decrease in the coming months, the impact on the travel and tourism industry could be felt for years to come as households are forced to cut back on spending, operators are forced out of business, and governments seek to balance public health concerns.

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5 Tips to Find the Best Online Casino to Play

July 3, 2020

Third Party Verification

Reputation

How Many Games?

Bonuses

Interface

Choose a site that you are comfortable with and that you understand how to use, otherwise the time you have to play your casino games won’t be as fun as it should be.

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The Shortfall in Medical Insurance Facing Americans Today

July 2, 2020

Insurance is essential, but no type of insurance is more important to Americans than medical coverage. It can be the difference between life and death when something serious arises. The big tragedy is that there is a worrying trend in families with no health insurance, or simply have inadequate coverage. Why is this though, and how do we address this concerning void in provision?

Unemployment

Until fairly recently, the jobs market was not looking that bad. Numbers filing for unemployment were falling, and generally the mood was one of optimism. But there’s no need to tell you of what happened next, the global coronavirus pandemic hit, and we are staring a global recession with substantial job losses. Other than not having the necessary income, one of the worst aspects of losing a job is the loss of medical benefits.

Based on statistical data, the country’s unadjusted unemployment rate is 3.7% as of December 2021, which is equivalent to approximately 5.96 million unemployed people. With many Americans losing jobs due to economic crises, their health can be at stake with the loss of medical benefits.

Part-Time & Underemployment

Other than being unemployed, another scourge is facing the modern worker. Part-time employment or underemployment, often in the guise of a zero-hour contract, or deviously referred to as the ‘gig economy.’ This trend in casual working arrangements often coincides with the complete lack of any rights and benefits such as paid holidays or medical insurance. It’s been reported that one-third of the workforce is looking for a new job at any one time.

Options

Some are covered in some way, such as being eligible for Medicare, and this can be positive as no matter what your employment status, you feel you have cover. This cover, though, does not necessarily take care of everything. There are often out-of-pocket expenses not covered by Medicare, but you can take out supplemental insurance like Aetna Plan G to meet this shortfall.

You can also check what Medicare Advantage provides and its difference from Medicare Supplement. A Medicare Advantage plan has a lower or zero premium than other Medicare insurance policies, covering doctors and hospitals and prescription drug coverage.

Determine the right health insurance option for you by calculating the premiums and out-of-pocket expenses such as deductibles, coinsurance, and copays. The calculations can be complex, but you can ask the help of an insurance agent to calculate and obtain cost-saving recommendations.

Public Health Systems

But many are not covered by any system, and this means that they are left at the mercy of public health systems. This can be a terrifying situation to find yourself in as healthcare provision for those without insurance is not something that there is much appetite for here in the US. In other countries like Europeans, it is almost seen as a source of pride that healthcare systems are free of charge to every citizen. There is no federal right for healthcare in the USA, nor is there any provision of one, so technically, you could find yourself on your own. There is some help out there, though, in the form of free clinics provided for by charitable donations from benefactors and medical professionals giving their time away. You can find a free clinic near you by checking this site.

With the current status of the country’s public health systems, Americans are forced to get their health insurance coverage to ensure they get excellent quality medical care when they need it in the future. While many insurance providers offer flexible healthcare plans, not everyone can afford them. You can also use Medicare which is made up of four parts that you can choose from to fit your needs. So, they settle with what the public health system can offer. Hence, the government should improve public health systems, making them more accessible and of good quality, especially for unemployed and underemployed individuals.

The Way Forward

How do we move forward from where we are today? For the short to medium term, it’s likely that more not less of us will struggle for health insurance. Is this going to be enough to make any real changes to how America’s healthcare industry operates? It’s difficult to see any real change, although we may have yet to see the full impact of current events.

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Top Selling items on Amazon

July 2, 2020

There is a wide category of items on amazon. They range from kitchen appliances, beauty products, electronics, video games, art and craft, clothes, jewelry, and many more. People tend to buy products according to the season. That’s why you may find that during winter people tend to buy warm clothes while during summer they purchase light clothes. Unless it is impulse buying, people tend to buy products according to their needs and preference at the moment. This is what contributes to the best selling items on Amazon.

That is why the rank of most bought items on Amazon tends to change over time. Most people also check for the most reviewed items and those that rank higher. Some people also prefer checking the brand of the item before buying. Commonly known brands tend to get more purchases that less known ones.

1) Fire TV Essentials Bundle

Imagine a bundle that helps you perform different functions for different devices. It includes a fire TV stick for the Amazon case, an Alexa Voice Remote, and a USB power cable for the Fire TV stick. This essentials bundle allows you to stream unconditionally. The remote cover also allows you to locate it easily due to the branding.

You ought to say goodbye to cluttered power outlets and hanging cables. Also, it comes with a 1-year food network kitchen subscription that you can use to expound your cooking skills. This essential bundle is important to ensure you have a steady flow of entertainment.

Why it is among the top-selling items on Amazon

The full package bundle is amazing for any user.
It is highly effective from a reputable brand.
No more cluttered power outlets and hanging cables.
The bundle also allows you to stream unconditionally on your devices.

2) Eufy Anker Vacuum cleaner

This amazing vacuum cleaner is among the best in the market. It has a strong suction that helps it to be used for heavy duties. Moreover, it is also quiet while in use, and self-charges after use. This vacuum cleaner will help you perform a variety of functions like cleaning hard floors and carpets. It automatically increases suction within 1.5 seconds when the vacuum strength needs to be increased for better cleaning.

Amazingly, it can vacuum to up to 1hr 40mins per charge on hardwood floors and are consistent on all the surfaces. This Eufy Anker vacuum cleaner possesses a glass top cover that is effective for protection. The infrared sensor is important for evading obstacles and falls. It sucks all kinds of dirt and dust and leaves a spotlessly clean surface. It also offers non-stopping cleaning. The drop sensing tech helps it to avoid falling on the stairs.

Why it is among the top-selling items on Amazon

It is an upgraded kind that provides quiet operation and an increased suction power at 1300PA
It has a triple filter system.
It also automatically recharges and makes it easier to clean.

3) Dash Black rapid 6 Capacity Electric Cooker

Most people prefer electric cookers that will help save the hustle of having to check food while cooking. If you are among that group, this top selling dash black rapid electric cooker is for you! It is effective for making delicious scrambled eggs. It has an auto shut off feature that helps control the appliance while in use. It is one of the most trusted egg cookers on the market and will offer perfect eggs.

Are you a picky eater? Do you have a large family? Do you have a busy schedule? If your answer to all these is yes. You can use this appliance to cook eggs in a wide variety of ways: hard-boiled, soft-boiled, poached, scrambled, or individual omelettes. It has a sleek design and trendy colour options. It is very vital if you are a starter, for college, your first apartment or when you go camping.

Why it is among the top-selling items on Amazon

It is quick and easy to cook.
The auto-shutoff function helps prevent overcooking and the buzzer will alert you when the eggs are ready.
It is also so simple and your kids can use it.
It uses the power of 360Watts.
It is also compact and lightweight and you can carry it easily.
It comes with a reliable 1 year warranty.
Effective for healthy living.

Conclusion

These three top-selling items are useful and you need in your life. They will all help make your life easier and more enjoyable in many instances. You will manage to cook eggs at ease, have a steady flow of entertainment, and also clean your house effectively. This is why most buyers tend to opt for them in these changing times.

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Want to Become an Investment Banker? Here’s What You Should Know

July 2, 2020

When considering your career options or choosing an academic major, there are certain dreams and ambitions that you may be looking to achieve. If your dream is to become a successful investment banker, there are a few things you need to know. Investment banking is no easy feat, but there are little to no big dreams that are a walk in the park anyway. Investment banking is extremely prestigious, as you deal with enormous corporations and help guide them with future endeavors. If you are set on becoming an investment banker, the following points will help you start your journey to success.

The Industry is Vast

Generally, having a degree in business or finance-related fields gives you a whole set of options. The industry is not set to investment banking alone, nor are you one of the few. There are millions of investment bankers around the world and thousands of companies. Be sure you are unique in approaching this topic and not just going in for money without contributing anything yourself. Investment banking is difficult, but it is rewarding, so look for an angle that you can benefit from and help expand on it to make yourself noticeable in the industry.

There are Numerous Career Paths Under Investment Banking

When thinking of being an investment banker, there are specific routes to consider. There are several careers in investment banking, including being an analyst, an associate, an account manager, a director, or managing director. These are in order from the jobs that require grunt work, all the way to the most critical and respectable roles. You can start your career as an analyst and climb up the ladder to finally reach that highest level.

Business and Finance Courses are Beneficial

If you are making a career shift, then your best option is to take courses. There are courses specifically for investment banking, but if you have not taken business, nor finance courses then you should do that, they will help immensely. You can also take math courses in case you need a refresher on that subject.

Internships Will Get You on the Right Track

When starting anything new, the first step you need to make right after researching information is trying it out. It is extremely important that you try out the job, even as a grunt worker to get a glimpse as to what you will be doing. Internships are the best option in that case as they are not long term nor is there a huge commitment, so in case you are unhappy you can back out of doing this job.

Before starting your career or choosing your college major, ask yourself what you want to be doing in 5 or 10 years. If it is investment banking, then go ahead and do all the research you can, and ask investment bankers for insight if you happen to know any. Understand the benefits and the disadvantages as much as you can, to avoid any unpleasant surprises in the future, and ensure that you are prepared to do what it takes to become an investment banker.

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Real Estate Investments: Think Bigger, Earn More

July 1, 2020

When it comes to investing in real estate, most business owners think too small. If your small-scale investing company can theoretically generate a positive cash flow of hundreds of thousands of dollars from just one property bought from a single owner, imagine how much you could earn if you improved your lead-generation system?

When your company thinks bigger, much bigger, then the number of people, properties, and proposals it receives will multiply.

Since thinking bigger is not an intuitive process, here are some suggestions on how to think big.

Define “Big”

How large can a real estate development and investment company grow? And how quickly can a small-to-medium sized company become a large company?

Ask Ziel Feldman, who started one of the most successful real estate businesses in New York City. Today, his company, HFZ Capital Group, manages billions. In 2019, they managed more than $10 billion worth of investment property.

While that’s impressive enough, it didn’t take a quarter of a century of relentless effort to grow that big. In fact, Ziel Feldman only launched HFZ in 2005.

As you can imagine, this firm has a large portfolio:

Most HFZ properties are in Manhattan, such as The XI, The Bryant, Halcyon, 29th & 5th, The Belnord, The Chatsworth, The Astor, 11 Beach Street, 88 & 90 Lex, and 53rd & 8th, Marquand, 505 West 19th Street, and One Madison.

However, the company also owns the Shore Club in Miami Beach; Waldwick Sports Park in Waldwick, New Jersey; Fisher Building and Albert Kahn Building in Detroit; and North Station District in Philadelphia.

How to Think Big

The size of your company reflects the scale of your thinking.

So, if you’re a real estate agency, you’re thinking about listing property; if you’re a builder, you’re thinking about building; if you’re a wholesaler, you’re thinking about wholesale; and if you’re a flipper, you’re thinking about flipping.

While there is nothing wrong, per se, with your niche, it might be too narrow. Where will your company be in the next 5, 10, 15, or 20 years if you limit your options?

Stop thinking about how many doors you need to knock on each month. Stop thinking about how much money you should bring in every quarter. And stop viewing 6 months or a year as a long time. Instead, think in terms of years. Also, think beyond passive income, wholesaling, flipping, or whatever your niche.

Expand your horizons. Think of how to get better deals and better margins on your deals.

And look at your deals differently.

If you only focus on one kind of deal, you’re missing out on opportunities just ripe for the picking, and if you’re only thinking about your niche, you’re not noticing much in the wide world of real estate. What would happen if you expanded your vision? What would happen if you began looking at every possible option available to you right now?

Meet the Leaders in Your Field

If your company is the average size and income of the other businesses you work with regularly, what would happen if you worked with the business leaders in your city—business owners who were happier and more successful than the people you know now?

The secret to networking more effectively is hiding in plain sight: join the most important business and industry associations in your neck of the woods. Your chances of meeting the right people at the right time and stumbling upon the right deals will increase exponentially when you develop relationships with more successful associate members.

In conclusion, imagine what would happen if you understood what “big” means in real estate investments, expanded your own perspective to see opportunities beyond your niche, and connected with other people doing even better in business. Everything in your business would change for the better!

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The Performance and Transformation Orchestrator: The CFO’s New Mandate in the Age of AI

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