Big Society Capital has invested a further £5 million in the share capital of Charity Bank. This is the second tranche of Big Society Capital’s commitment to invest up to £14.5 million in the ordinary shares of Charity Bank.
The first tranche of £4.5 million was invested in March 2014.
Charity Bank, the ethical bank that uses savings to make loans to charities and social enterprises, has lent over £150 million since 2002. This further investment from Big Society Capital will allow it to make more loans to social sector organisations in the coming years.
This investment is made as Charity Bank announces record growth in its new loan approvals for the current financial year. The bank’s strong start to the year has continued with £55.8 million of new loan approvals in the first nine months of 2016, compared with £34 million for the whole of 2015.
George Blunden, Chairman of Charity Bank, says: “This investment gives us the capital we need to make loans to more social sector organisations. It provides a strong endorsement of what we do and expresses confidence in our ethos and our future. This injection of capital will enable us to build on our track record of effective and responsible lending to charities and social enterprises.
Cliff Prior, Chief Executive of Big Society Capital says: “Since we first invested in Charity Bank over two years ago they have approved nearly 200 loans worth just over £118 million to charities and social enterprises across the UK, enabling them to do more of their fantastic work. What was very clear when I visited one of those organisations recently, YMCA London South West, was the strength of the working relationship Charity Bank has with the organisations it invests in. Their deep understanding of key social issues – such as housing, social care, education – coupled with their knowledge of the challenges facing charities and social enterprises are key to their success.”
Patrick Crawford, Chief Executive of Charity Bank, says: “Our pipeline of approved loans is strong and reflects the continuing confidence of the social sector in taking on new projects to address social needs. This confidence and resulting loan demand has shown no signs of slowing down since the EU Referendum vote. Big Society Capital’s investment means that we can lend to more charities and social enterprises to help them grow, adapt and take advantage of new opportunities to create a better world.”
This is the third capital investment received by Charity Bank in the past two years. In 2015 The Mercers’ Charitable Foundation invested £1million, increasing its shareholding in Charity Bank to £1.2 million, and Barrow Cadbury Trust provided additional backing through its £250,000 investment in January 2016.
Responsible Energy Investments Could Solve Retirement Funding Crisis
Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.
Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”
Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.
Tip #1: Focus & Determination
Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.
Tip #2: Minimize Spending
One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!
Tip #3: Visualize Your Goal
You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.
Investing in Clean Energy
One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.
With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.
The Future of Green Biz
As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.
Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.
In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!
How to make a sustainable living out of Forex Trading?
There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.
In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.
1. Limit your risk ceiling
When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.
2. Learn about leverage ratio and account type
When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.
3. Start small
While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.
4. Learn to control emotions
A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.
5. Automate your processes
I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.
6. Keep it simple.
Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.
I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.
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