Friday, July 12, 2024
"WTO ACCESSION!!!" BY FRANK26, 12 JULY
KTFA
FRANK26: "WTO ACCESSION!!!".............F26
From the Director of the Assessions Division of the WTO:
#Iraq's Working Party will be formally resumed on 18 July after 16yrs. Had a productive prep meeting w/ Baghdad's team in advance of their arrival in GVA.Glad to see their readiness & excitement for this historic meeting. Grateful for the dedication & hard work of the Iraqi team.
What can we investors do to help the RV situation? BY MNT GOAT, 12 JULY
What can we investors do to help the RV situation?
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption.
Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Of course there is also your own form of prayer too. Folks your prayers so far ARE WORKING and God has heard our cries.
Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now in 2024 the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this speculative crap or everyday / any day garbage intel confusing us.
You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in his work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. Let see what July brings us.
"THE FITR PLATFORM BEING USED AFTER EID/RAMADAN TO CONTROL THE DOLLAR IN IRAQ" BY FRANK26, 12 JULY
KTFA
FRANK26: "THE FITR PLATFORM BEING USED AFTER EID/RAMADAN TO CONTROL THE DOLLAR IN IRAQ"..F26
Activity Transactions on the FITR Platform
July 10, 2024
TRANSLATION:
Republic of Iraq
Central Bank of Iraq
Directorate of Supervision of Non-Banking Financial Institutions
Exchange Companies Control
Section, Audit and Inspection Division
Issue: 2/22/22 Date: 7/10/2022
Exchange companies / categories (A, B) and
mediation companies in buying and selling foreign currencies, category C Activities transactions on the FITR platform /e
Kind regards....
Later, with our circulars numbered 20/3/33 and 35 dated 2/4 and 7/3/2024, and regarding your inquiries about the
possibility of uploading data after completing each of the company's activities.
We would like to inform you that your companies can register activity transactions, buying and selling foreign currency outside the window, internal money transfers sent and received, external money transfers sent and received, available to the exchange companies Finti A, B via the companies (Western Union, Money Gram) on the FITR platform above by uploading documents. The data is at the end of the working day, with the exception of dollar sales transactions to traveling citizens, which require real-time recording
with respect.
Mr. Dr. Ammar Hamad Khalaf
Deputy Governor Agency
7/10/2024
Ten questions to ask financial advisors BY GOLDILOCKS, 12 JULY
GOLDILOCKS
Ten questions to ask financial advisors
If you think exploring a relationship with a traditional financial advisor is the right move, be sure to ask these ten questions during the interview process.
1. Are you a fiduciary?
A fiduciary works in the best interest of the client. Non Fiduciaries, such as broker-dealers, need only to recommend products that are “suitable” — even if they're not the lowest-cost or most ideal for you.
» Dive deeper: What Is a Fiduciary, and Why Does It Matter?
(https://www.nerdwallet.com/article/investing/fiduciary)
2. How do you get paid?
Advisors can use a variety of fee structures. To keep it simple and avoid conflicts of interest, focus on fee-only advisors. They don’t get commissions for selling products.
"Make sure it’s fee-only — those particular words," says Alice Finn, founder of PowerHouse Assets and author of "Smart Women Love Money," a guide to investing. (Some of the questions here are from her book.)
Fee-only advisors might charge a percentage of the assets they manage for you (1% is common), a flat fee for services or an hourly fee. If cost is a concern, you may want to go with a low-fee robo-advisor (https://www.nerdwallet.com/blog/investing/best-robo-advisors/) or an online planning service like those mentioned above.
3. What are my all-in costs?
In addition to paying the advisor, you’ll face other fees — and you'll want to know what they are. Fees can decimate your savings over time. "You can lose half your net worth without even knowing it," Finn says. "You want to be vigilant."
4. What are your qualifications?
Financial professionals can have a confusing list of initials behind their names. And whether a finance professional goes by "investment advisor (https://www.nerdwallet.com/article/investing/investment-advisor)" or has the CFP designation, it's your job to vet them. The Financial Industry Regulatory Authority's professional designations database will tell you what they mean; if there are any education requirements; if anyone accredits the designation; whether there's a published list of disciplinary actions; and if you can check professional status. (https://brokercheck.finra.org/)
You can also use a Form ADV to check an advisor's record.
5. How will our relationship work?
Put another way: How much access will you have to the advisor? You want to know how often you’ll meet and whether they're available for phone calls or emails outside of scheduled appointments. (Learn more about what financial advisors do (https://www.nerdwallet.com/blog/investing/what-does-a-financial-advisor-do/) and what you can expect from the relationship.)
6. What is your investment philosophy?
It’s important to ensure you have the same investment philosophy. Here’s why: “You have to believe in what they’re doing to stick with it,” Finn says. “When financial advisors really do their job is when the market is down and they can convince you to stick to the same page,” she says, so you don’t sell at the bottom of a market cycle.
It's also important to make sure you and your advisor align on investment style. For example, if impact investing is important to you, you may want to ask whether or not your advisor will be able to help you create a portfolio that aligns with your values.
» Want to invest ethically? Learn about impact investing (https://www.nerdwallet.com/article/investing/impact-investing)
Also ask: Who are your typical clients? Find an advisor who is used to a situation like yours and able to help you meet your goals.
7. What asset allocation models will you use?
You’ve heard how important it is to be diversified, right? Your asset allocation is how you create a diversified portfolio. “It drives most of your returns,” Finn says.
“You don’t want someone who is just going to pick U.S. large-company stocks,” Finn says. Your portfolio should include domestic and international stocks, and small-, mid- and large-cap companies.
8. What investment benchmarks do you use?
Advisors should use benchmarks that directly relate to what they’re invested in, or be able to explain why they don’t.
Some managers will use a “straw-man benchmark,” Finn says. For example, the advisor says: “My goal is to beat the Standard & Poor's 500.” But if that advisor is investing in a diversified portfolio beyond simply large-cap U.S. companies, that benchmark is a mismatch. “Over time they should beat the S&P 500 because they’re taking on more risk,” Finn says.
9.Who is your custodian?
Ideally, your financial advisor has hired an independent custodian, such as a brokerage, to hold your investments, rather than act as his or her own custodian — Ã la Bernie Madoff, the notorious financial advisor who defrauded clients through a multibillion-dollar Ponzi scheme.
That provides an important safety check. “If I send my clients performance information … and it tells them how much I say is in their account, they can go online any minute and double-check,” Finn says.
10. What tax consequences do I face if I invest with you?
This helps ensure the advisor has your tax bill in mind when making financial decisions. And asking about taxes and fees is a way to explore what your estimated net return might be. “What you want to know is: What do you get to keep after fees and after taxes?”
By (https://www.nerdwallet.com/author/andrea-coombes) Andrea Coombes
Updated Dec 14, 2022
Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq, 18 SEPT
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