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Kalkine Big News UK | 13th Feb | Global economic growth will take big hit due to loss of nature

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Damage to environment could wipe £368bn a year from growth by 2050 and UK will be hard hit, WWF warns

Loss of nature will wipe £368bn a year off global economic growth by 2050 and the UK will be the third-worst hit, with a £16bn annual loss, according to a study by the World Wildlife Fund.

We are an independent Equities Research Firm, which provides recommendations to our subscribers about which stocks to buy, sell or hold. Our key goal is to provide investment ideas to clients that enable them to navigate and achieve success in complex markets. We are value investors and follow the methodology of Benjamin Graham who was the great American economist and professional investor.

We look for stocks that are out of favor with the market. We try to buy stocks that have low price earnings ratios and higher than average yield. We look for companies that have long termed growth prospects and those prospects have been currently been obscured by macro-economic factors or industry factors. A lot of information is intangible and cannot be measured. The quantifiable aspects of a company such as profits are easy enough to find. But how does one measure the qualitative factors such as the company’s management, its competitive advantages, it’s brand name and so on ? The combination of tangible and intangible aspects makes picking stocks a highly subjective process. At KALKINE we look at both qualitative and quantitaive factors and then make our decision about which stocks to recommend.

At KALKINE we make sure that we look at both the qualitative and quantitative factors. When looking at the quantitative factors we consider items like capitalization, earnings, dividends, assets and liabilities. While considering the qualitative characteristics we look at the nature of business, position of company in the industry and other operating characteristics.

When we look for mining companies to recommend in the Resources Report, we ask ourselves various questions. Some main questions that we ask ourselves are What commodities are being explored for ?

Where are the projects?

Are the projects of significant scale ?

Is there potential for high grade mineralisation ?

Who is the Managing Director ?

How much cash does the company have ?

When will the company be drilling ?

Is a re-rating of mineral resources possible ?

What are the relevant risks ?

Only after answering these questions in great detail, we will recommend a stock.

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LendingClub buys Radius Bank in first fintech takeover of a bank

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LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source of funding, CNBC has learned.

LendingClub is paying $185 million in cash and stock for Radius Bancorp, according to documents viewed by CNBC. Radius, a Boston-based online bank with about $1.4 billion in assets, is among a cohort of small lenders that have partnered with fintech firms who need the services of an FDIC-regulated institution.

The move marks the first time a U.S. fintech company has acquired a bank. Fintech firms from Robinhood to Square have applied for ways to become banks as doing so would give them better profit margins and the ability to issue new products like checking accounts. Last week, mobile bank Varo Money got FDIC approval for a national bank charter, which would allow it to accept consumer deposits.

LendingClub, which calls itself the biggest U.S. provider of personal loans, had been a leader in an earlier wave of fintech firms focused on marketplace lending, or matching borrowers with lenders. The company had the biggest U.S. tech IPO of 2014, soaring to an $8.5 billion valuation. But it was dealt a blow in 2016 when founder Renaud Laplanche was ousted amid irregularities with loan practices, and its shares have never recovered.

Now, the fintech disruptor is poised to reinvent itself as a bank.

The deal will allow San Francisco-based LendingClub to offer new products to its clients, diversify its earnings and reduce or eliminate the use of institutional funding sources, according to the documents.

“What a bank charter does for LendingClub is it allows us to take what is the leading digital loan provider online and combine it with a leading digital deposit gatherer,” Scott Sanborn, CEO of LendingClub, said Tuesday on CNBC. “It totally changes the earnings profile of this business.”

Sanborn said that the deal will help save $40 million a year in bank fees and funding costs and will allow the company to earn a spread on loans kept on its balance sheet, which is a core way banks earn money.

The transaction is expected to take 12 to 15 months to close and will reach breakeven for the acquirer two years after that, according to LendingClub. JPMorgan Chase advised LendingClub on the takeover.

As part of efforts to clear its path to becoming a regulated bank, the company has asked its largest shareholder, Asian investment firm Shanda, to trade its 22% stake in LendingClub for nonvoting shares.



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Get your tax return out the door faster — and get your refund sooner

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Tetra Images | Getty Images

If you want to get your refund as quickly as possible, you’d better hustle that tax return out the door.

The IRS has received 28.6 million tax returns for the 2019 tax year as of Feb. 7, and it anticipates receiving more than 150 million returns in total.

Filers are already getting money back. The agency has paid 10.8 million refunds as of Feb. 7, down nearly 5% from last year.

On average, taxpayers are getting back $1,952 from the federal government, up $3 from the year-ago period.

There are plenty of advantages to filing early. For starters, you beat the would-be scammers who want to file a phony return using your data.

“Making sure you’ve obtained and organized all of your tax documents is going to make the tax prep process go much more smoothly,” said Andrew Phillips, director at the Tax Institute at H&R Block.

“It also ensures you’re not missing key tax benefits or income that can lead to an IRS letter,” he said.

Everything begins with getting your paperwork together to ensure an accurate and speedy filing.

Identifying income

The Internal Revenue Services offices in Washington, D.C.

Adam Jeffery | CNBC

Use last year’s income tax return as a guideline. Go over your income sources and deductions claimed to make sure you leave no break unclaimed.

“Last year’s tax return is a good checklist for everything that you’ll need this year,” said Cristina Gugilielmetti, a certified financial planner and owner of Future Perfect Planning in Brooklyn, New York.

By now, you should have received your Form W-2 if you’re an employee, as well as Form 1099-MISC from businesses that have hired you for freelance work.

If you’re a freelancer, you should have been tracking income and expenses throughout 2019, plus paying quarterly estimated taxes.

Gig economy workers should have received a Form 1099-K, which would spell out how much they earned from debit and credit card transactions.

Here are key documents you’ll need and when you can expect to get them.

While the IRS won’t dole out penalties if you didn’t have insurance coverage in 2019, your state might impose a tax. This is the case for Massachusetts, New Jersey and Washington, D.C.

Watch out for a series of forms (Forms 1095-A, -B and -C) detailing whether you and your family members had coverage throughout the year. You’ll need them to file those with your state tax returns.

You may have to reach out to your human resources department or to your insurer directly to get this paperwork.

More from Smart Tax Planning:
Trump wants to extend his tax overhaul. What it means for you
One in 5 fear they’ll owe the IRS money this spring
How to protect yourself from tax scams this season

Finally, while procrastination is never a good idea, sometimes taxpayers have no choice.

For instance, a delayed 1099-B from your brokerage account could potentially hold up your filing plans.

Further, investors in partnerships generally have to wait until they get a Schedule K-1 from the entity. This document spells out the filer’s share of income, losses and dividends.

These taxpayers tend to go on extension.

Grabbing deductions and credits

MoMo Productions | DigitalVision | Getty Images

Whether you itemize or not, you’ll need a few supporting documents to claim certain deductions and credits.

For instance, if you want to claim the dependent care tax credit, you’ll need to contact your childcare provider for their tax ID and a total of what you paid.

Here are the forms you’ll need to claim certain tax breaks.

Further, those who donated to their favorite causes and wish to claim a charitable deduction must have the appropriate acknowledgement letters from the charities.

Remember, you must itemize on your tax return to deduct your donations.

The Tax Cuts and Jobs Act raised the bar on who will itemize, as you now must surpass the standard deduction of $12,200 for singles or $24,400 for married filing jointly to do so.

Either way, you won’t know if you qualify to take itemized deductions until you tally up your expenses.

“Get a central repository for everything that comes in the mail or a digital folder at your desktop for electronic forms that come in so they are all in one place,” said Guglielmetti.



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Digital and mobile ad fraud to cause losses of $100 million by 2023 for North American advertisers

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Ad fraud is predicted to increase over the coming five years in North America as total ad spending exceeded $100 billion in 2019.

According to research by TrafficGuard and JuniperResearch, in 2018 advertisers lost a whopping $44 million in ad spend to fraudulent traffic – a loss that anticipated to reach $100 million by 2023.

Around 36% of global ad spend lost to ad fraud in 2023 will be from North American advertisers according to the study.

Despite various anti-fraud solutions being in place, fraudsters are becoming more skilled at adopting their technologies to avoid detection.

Mobile in-app advertising may be at greater risk as spending is forecast to rise 72% until 2023.

The average ad spend per Internet user in the US is estimated to be over $407 in 2019 – representing a 455% higher rate than the global average.

The average invalid traffic volume per North American Internet user is estimated to increased 57% over the next four years, twice the growth of genuine ad traffic over the same time frame.

But what are the effects of ad fraud on digital marketers?

Apart from wasted resources and budgets, many advertisers are also likely to continue to invest in fraudulent traffic, wasting their time and resulting in weaker campaign performance.

Although ad fraud is predicted to grow overall, Juniper Research also expects around 20% of loss to be potentially recovered.



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