This guide is intended to provide the basics of the Greece stock market.
First things first: What is a stock?
In Greek stocks are called ανατοκισμός εταιρείες μετοχών, which means ‘shares of public limited companies’.
The Athens Stock Exchange has been one of the most active trading floors since it was established in 1876. Since then, there have been over 2,500 companies listed on the ASE. Some have been privatised and delisted, while many have stayed on the exchange.
The Athens Stock Exchange is a market index that measures stock price movements in the Greek stock market. It includes all listed shares of companies with a primary listing on the ASE as well as those traded “over the counter” (OTC) through an electronic communication network (ECN). The base value was set at 1,000 for the first trading session of each new year; since then, it has increased to more than 3 trillion euros.
Each day, major newspapers such as Kathimerini report current prices and daily changes to provide Greeks with real-time updates about their equity portfolios without requiring them to check share prices online or visit brokerage houses. It is mainly because the Athens Stock Exchange is one of Greece’s most successful markets.
As well as being a benchmark for general share performance in the country, the ASE also benefits from an expansive range of index funds based on movements within it. It means that Greeks have ample opportunity to track their investments without paying professional fees.
And what about Greek stock exchanges?
Greece has two primary exchanges: The Athens Stock Exchange (ASE) and its older rival, the Cyprus Stock Exchange (CSE). Both blue-chip trade stocks as well as government debt. The CSE focuses almost exclusively on Cypriot stocks, while the ASE manages Greek and international shares.
The indices include banks, insurance companies, industrial companies, construction and contracting companies, hotels and resorts, media, consumer goods etc.
What are the benefits of stock trading in Greece?
Greek stocks give a good yield:
The Greek Stock Index was up +3% year to date as of 12/5/17. That is better than the UK (+1.6%), US (+1%) or Germany (0%).
Greek Government Bonds also give a good yield: currently between 4-5%. In comparison, yields on German bunds have fallen into negative territory – i.e. investors have to pay for holding them!
Greece is a good place for international business:
Greece has been trying hard to re-establish itself as an attractive destination for foreign investment. The stock market offers one way for overseas companies to boost their exposure locally. The ASE index offers access to over 500 businesses, which offers considerable diversification – making it comparable to investing in many smaller markets.
Greek stocks will grow
We don’t know how long the Eurozone crisis will last, but we know that Greek stocks are cheap relative to earnings, book values and other factors. It makes them excellent value as soon as the country’s economy begins growing again (which it seems likely to do).
That should make prices rise faster than in other countries – giving you a great chance of seeing the value of your investment multiply.
Why is this information important for Greece?
Many investors invest in the Athens Stock Exchange and Cyprus Stock Exchange stocks. The increase in stock prices will positively impact the Greek economy (an increase in income, more investments).
Even though Greece’s economic indicators are still behind where they were before the crisis (and thus still facing some uncertainties), it has come far enough to be optimistic about its prospects and one of the best investment opportunities in Europe.
Investment in stocks, including foreign ones, provides Greeks with a way to increase their income without leaving Greece or working more hours. And that’s something that can help most people.
Stock trading is a good option for all Greeks who want to diversify their investments and earn more returns. Stock trading is an accessible form of financial market investing that requires a relatively low capital outlay, is flexible enough to allow investors some control over risk exposure and offers the potential for high returns – but carries substantial risks.
Diversification: What it is And Why it is Crucial in Investments
Diversify the portfolio to mitigate the risk related to the market volatility
There are old sayings that are never wrong. For example, “Don’t put all your eggs in one basket” can be a useful guideline for those who want to invest.
In fact, if something happens to the egg basket, you lose everything and, even if you are not a farmer, this bit of wisdom could be very useful and prevent you from risking all your money in one single investment.
In practice, for an investor, this old saying means to diversify the portfolio to mitigate the risk related to the market volatility. That’s why it’s important to comprehend the benefits of diversification in the financial sector, in particular for first-time investors.
As previously stated, diversification allows to reduce risk by allocating money across different financial products and areas. In this way, the investor might be able to minimize potential losses, since each area of investment reacts differently to the same event. Thus, to obtain a diversified portfolio, it’s important to mix different investments which aren’t related to each other. But how it is possible to achieve this result and create a solid portfolio?
Divide your investment
The first thing to know about portfolio diversification, it is the possibility to spread your money among different kinds of financial vehicles. For example, many people decide to invest tax wrappers, such as SIPPs or ISAs. For the latter, you should know that there are many types of Individual Savings Accounts, which serve diverse purposes and allow you to save or invest in different assets, such as stocks, bonds, etc. You can have as many ISAs as you want, but you can only open one type of ISA variant per tax year. And how many ISAs can you pay into in a year? Similarly to the number of each variant you can open in a year, you can only pay into one type of ISA variant in the same tax year. However, you’ll still be able to contribute to the other ISAs variants, but the total sum must not exceed the annual allowance, which is £20,000 for the current tax year (2022/2023).
According to your preferences, needs and risk tolerance, you might consider to invest in an array of assets, by mixing different financial areas which appear to complement one another. For example, many investors choose alternative investments, such as real estate, private equities and commodities. Regardless of the type of financial product, it is recommended not to invest all the money in a single stock, funds or industry. Maybe, another way to mitigate the risk could be to invest in a few companies or in financial funds you are familiar with.
Use the dollar cost averaging
This passive investment strategy might also help investors to diversify their investments. The technique involves to invest the same amount of money in securities at regular intervals over a certain period of time, regardless of the prices. Thus, this strategy may allow the investor to lower the average cost per share and reduce the impact of market volatility. As a matter of fact, deletes the effort usually required to time the market to buy the shares at the best prices.
Choose the assets according to your portfolio and risk tolerance
A diversified portfolio according to your needs should be balanced. That means it’s critical to regularly review your financial portfolio: in addition to monitoring the growth of your investments, you should verify that all of your assets are according to your objectives and life achievements. If you are not an expert in this field, you should consider to seek the help of a financial advisor.
It should not be understated that certain factors, such as attitude toward risk, should also be taken into consideration when it comes to arranging your investments. Perhaps some people are more willing to take risks, and this also could depend on their family background and economic situation, of course. Factors such as liquidity, industry and market trends should also be taken into consideration.
Anyway, study and experience could help you to sharpen your intuition in choosing which investments may be proper for your portfolio.
What Areas Can You Invest in When You Don’t Have Much Money?
Why Investing is Important
Even if you’ve never tried or simply thought of investing yourself, you likely know someone who has— and with good reason. Investing is beneficial and important for a variety of reasons. The first is you want to ensure that you won’t have to work forever. Depending on where you live, the retirement age keeps rising, which means you’ll have to work longer before you can access your retirement.
You also want your money to work for you, instead of having to always work for your money. This is also known as earning passive income (i.e., the income you don’t have to work for). Investing allows your money to work for you by earning returns.
Investing today is also easier than it was decades ago. There are also many ways you can invest and have your money make money. If you’re not investing, you’re missing out on free money— especially with it being so easy to get started. Here are three areas you can invest in, even if you don’t have much money.
#1: Real Estate
Believe it or not, you don’t have to have hundreds of thousands of dollars to be able to invest in real estate— nor do you need to take out a loan. Real estate indeed is one of the most expensive things you can invest in, but investing in REITs (real estate investment trusts) allows you to reap some of the benefits of investing in commercial real estate (e.g., office buildings, malls, hotels, etc.). REITs are similar to mutual funds; big companies own the REIT (and the property), and the investors who own a piece of it receive payments from it regularly. Investing in REITs also gets you familiar with the real estate market in case you’d like to directly invest in properties one day.
#2: The Stock Market
Don’t think that just because you don’t have a lot of money you still can’t participate in investing in the stock market. In today’s digital world, investing in the stock market is more widely available and all you need is a few dollars to start. This is a great way to get your feet wet and familiarize yourself with how the market works, without much risk. You also don’t need a stockbroker or have to pay commissions with various trading platforms available.
You can also invest in partial (also known as fractional) shares with some companies. This means that you only buy a part or a fraction of their stock, which means you spend less money while still reaping some benefits. This method also allows you to diversify your investments.
#3: Your Own Savings
Invest in yourself by opening a savings account. Many banks don’t require a certain amount you have to deposit into savings, so you can put back as much money as you want. Banks even offer interest on your savings if you don’t withdraw money from them often. For the best interest rates, you’ll want to look into opening an online savings account because online banks offer higher interest rates and less fees than traditional banks, which means you get more money.
You can also look into apps that transfer your change to savings (some online banks do this as well). Soon, all of your transferred change will add up and you’ll even earn interest on it if you do this with an online bank.
It’s important to note that while now is a good time to try any one of these methods of investing, you may need to do some things before your start. For example, it’s always good to build an emergency fund before you start investing since investing of any type carries some amount of risk. The good news is that investing in a savings account builds this emergency fund with little to no risk. Next, you’ll want to pay off as much of your debts as possible, especially if it’s high-interest debt.
Finally, make sure that you do your research before you start dipping into any type of investment. As easy as investing is these days, you’ll still need to do your research to ensure that you’re likely to get some returns. You should also understand and make a list of our goals and why you’re choosing to invest. The last and most important tip to remember is that you must be patient because it does take some time to earn a profit and see returns on your investment(s).
Fifa World Cup Embraces the Crypto Industry Through Sponsors
The FIFA World Cup is the most highly anticipated international tournament event in football and possibly the world
The FIFA World Cup is the most highly anticipated international tournament event in football and possibly the world. 32 teams get to play in the competition, each one representing their own nation and comprising their country’s best football players. This will be the 22nd running of the World Cup and it is sponsored by some of the world’s biggest companies in the crypto industry. FIFA has announced Crypto.com and Algorand as the official sponsors for the event this year.
FIFA World Cup 2022 official sponsors
Crypto.com is a crypto exchange, a platform where you can buy, sell, or convert cryptocurrencies using other assets. This includes buying them using fiat currencies from your country, allowing you to become an investor with ease. As a sponsor for the event, Crypto.com provides financial support to run World Cup events in Qatar in 2022.
Algorand, on the other hand, is a green blockchain tech company proof-of-stake (PoS). It comes with a variety of features including the ability to trade ALGO, the native currency of its blockchain. This currency is not that widely accepted for live betting, all sports markets included but it can be swapped for Ethereum thanks to being an ERC20 token. Algorand also comes with a more exciting feature namely the ability to mint a collection of non-fungible tokens (NFT).
Crypto.com aims to drive awareness around cryptocurrencies using the World Cup as one of the biggest events in sports. On the other hand, Algorand wants to collect tournament highlights and mint them into a collectible set of NFTs. Both projects are also set to benefit FIFA because these are some of the biggest companies in the crypto industry.
FIFA World Cup highlights as NFT collectibles
FIFA’s and Algorand’s plans for the World Cup 2022 NFT set is an exciting project football fans are anticipating but the idea isn’t entirely new to sports. There are no details yet but the idea is going to be similar to the successful NBA Hot Shots. It’s a collection of highlight clips from events during the season featuring star players and specific team matchups.
Every highlighted clip will be labelled by its date, players and teams involved, as well as what kind of shot it was. They are then valued by how special that clip is to the match overall then grouped into levels of rarity. Fans can buy and own these moments in NFT that they can also view or display on the Algorand blockchain.
What do these mean for the crypto industry?
The FIFA World Cup is one of the biggest tournaments in all of sports with millions of fans looking forward to it around the world. Seeing two of the biggest companies in the crypto industry as official partners shows great confidence in the future of digital assets.
This ensures investors that crypto is the future of finance and it is lucrative enough to support such important tournaments. Likewise, this also boosts awareness of how to use cryptocurrencies.
Crypto.com offers an exchange where fans of the sport can buy digital assets to become an investor or use it for live betting, all sports or on the World Cup’s games. Algorand’s NFT project, on the other hand, further promotes the merchandising capabilities of blockchain technology. These partnerships are set to be the foundation of a wider crypto adoption in the world and you can look forward to it unfolding.
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