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How long do you have to live in Canada to get an old age pension?

To qualify for the Old Age Security (OAS) pension in Canada, there are specific residency requirements you need to meet. Here are the details:

General Eligibility

  1. Age Requirement: You must be at least 65 years old.
  2. Residency Requirements:
    • Living in Canada: You must have lived in Canada for at least 10 years after the age of 18 to qualify for the OAS pension if you are currently living in Canada.
    • Living Outside Canada: If you are living outside Canada, you must have lived in Canada for at least 20 years after the age of 18 to qualify for the OAS pension.

Full OAS Pension

To receive the full OAS pension, you generally need to have lived in Canada for at least 40 years after turning 18. If you haven’t met this requirement, you may still receive a partial pension.

Partial OAS Pension

If you do not qualify for the full OAS pension, you can receive a partial pension. The amount of the partial pension is calculated based on how long you have lived in Canada after the age of 18. Specifically:

  • For each year of residency in Canada (after age 18), you will receive 1/40th of the full OAS pension amount.
  • For example, if you have lived in Canada for 20 years after turning 18, you would receive 20/40ths (or half) of the full OAS pension.

Special Considerations

  1. International Agreements: Canada has social security agreements with many countries. These agreements can help you qualify for the OAS pension by allowing you to combine periods of residence in Canada with periods of residence or contributions in other countries.
  2. OAS Pension Deferral: You can choose to defer your OAS pension for up to 5 years after you become eligible. For each month you delay receiving your pension, your monthly payment will increase by 0.6%, up to a maximum of 36% at age 70.

Summary

  • Minimum Residency for OAS: 10 years if currently living in Canada; 20 years if living outside Canada.
  • Full Pension Residency: 40 years.
  • Partial Pension: Calculated as 1/40th of the full pension for each year of residence in Canada after age 18.
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Bitcoin Investment cryptocurrency exchange Cryptocurrency news HYIPs Investment News

Best stocks for beginners with little money

Investing in stocks as a beginner with limited funds can be daunting, but it is possible to build a solid portfolio with careful selection. Here are some general categories and specific stocks that are often recommended for beginners:

1. Exchange-Traded Funds (ETFs)

ETFs offer diversification, which reduces risk. Here are a few options:

  • Vanguard Total Stock Market ETF (VTI): This ETF provides exposure to the entire U.S. stock market, making it a great choice for beginners.
  • SPDR S&P 500 ETF Trust (SPY): Tracks the S&P 500 index, offering exposure to the 500 largest companies in the U.S.
  • iShares Core MSCI Emerging Markets ETF (IEMG): Gives exposure to stocks in emerging markets, adding international diversification.

2. Blue-Chip Stocks

These are well-established companies with a history of reliable performance:

  • Apple Inc. (AAPL): Known for its strong brand and consistent product innovation.
  • Microsoft Corp. (MSFT): A leader in software, cloud computing, and other tech areas.
  • Johnson & Johnson (JNJ): A stable company in the healthcare sector with a diverse product line.

3. Dividend Stocks

Stocks that pay dividends can provide a steady income:

  • Coca-Cola Co. (KO): A globally recognized brand with a long history of dividend payments.
  • Procter & Gamble Co. (PG): Offers a range of consumer goods and has a strong dividend history.
  • AT&T Inc. (T): Known for its high dividend yield, though it carries some debt risk.

4. Growth Stocks

These companies have the potential for significant growth:

  • Amazon.com Inc. (AMZN): A leader in e-commerce and cloud computing with significant growth potential.
  • Alphabet Inc. (GOOGL): The parent company of Google, a dominant force in digital advertising and technology.
  • Tesla Inc. (TSLA): A pioneer in electric vehicles and renewable energy with strong growth prospects.

5. Low-Cost Brokerage Options

Consider using brokerage platforms that allow fractional share investing and have low or no fees:

  • Robinhood: Offers commission-free trades and fractional shares.
  • Fidelity: Known for its comprehensive research tools and zero-fee index funds.
  • Charles Schwab: Offers a variety of investment options and robust customer support.

Tips for Beginner Investors

  • Start Small: Invest an amount you can afford to lose while you learn.
  • Diversify: Spread your investments across different sectors to mitigate risk.
  • Research: Understand the companies or funds you invest in.
  • Stay Patient: Investing is a long-term game; avoid the temptation to make quick trades based on market fluctuations.

Final Thoughts

While these suggestions provide a starting point, it’s crucial to do your own research and consider your financial goals and risk tolerance before making any investment decisions. Consulting with a financial advisor can also provide personalized guidance tailored to your situation.

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Bitcoin Bitcoin Wallet cryptocurrency exchange Cryptocurrency news Investment News

Pepe Price Analysis Reveals Bullish Strength as Bitcoin Plummets

Pepe Price Analysis: PEPE price fell 10.4% in the last 24 hours to trade at $0.000008358 during European trading hours on Monday. This follows the fall in the price of Bitcoin, which may have led to the entire crypto market value decreasing by 4.7% at the time of publication.

However, Pepe’s price chart shows some signs of optimism that could still propel this meme coin to new heights or at least protect it from excessive bleeding during these volatile market conditions.

PEPE price showed falsification on the daily chart shortly after Bitcoin price fell below a critical support level. The meme coin was one of the best performing meme coins on the Ethereum blockchain, which of course led to BTC’s drastic turnaround. Pepe price had just broken out of a falling wedge and was retesting the falling wedge’s upper trendline before heading towards $0.00001720, the highest price ever.

Since Bitcoin crashed on July 1, 2024, PEPE has fallen 30% from its current price. Interestingly, PEPE price continues to rise above the 200-day SMA, a feat that inspires bullish sentiment among market participants.

PEPE price is now at a relatively weak support level, around $0.00000773. If the bulls prevail, PEPE could rise 26% to reach $0.0001108, which is also in line with the 50-day SMA. On the other hand, the meme coin could fall further in a 20% decline to find support at $0.00000650.

PEPE’s 14-day relative strength index (RSI) is at 34, just four points above the oversold area (OS). If it slides into this zone, the PEPE price could come under more selling pressure, which could catapult it towards the $0.00000650 support level. On the contrary, the RSI at 34 indicates a strong upside potential for the meme coin if general market conditions change.

The price of Bitcoin continues to fall and given its 51% market dominance, meme coins like Pepe may have little chance of breaking free from this dominance.

Final result

Despite Bitcoin’s sharp decline, Pepe coin demonstrates unexpected resilience and maintains bullish sentiment in a volatile market. This strength shows the meme coin’s unique market dynamics and suggests growing interest from traders looking for alternative investments amid broader cryptocurrency volatility.

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Bitcoin Investment cryptocurrency exchange Cryptocurrency news

What is the easiest loan to get in America?

In the United States, the easiest loans to get typically depend on your financial situation, credit score, and specific needs. Here are some options that are generally considered easier to obtain:

1. Payday Loans

  • Characteristics: Small, short-term loans with very high interest rates.
  • Requirements: Minimal; usually just proof of income, a bank account, and identification.
  • Pros: Easy to qualify for and fast approval.
  • Cons: Extremely high interest rates and fees; can lead to a cycle of debt.

2. Title Loans

  • Characteristics: Secured loans using your vehicle as collateral.
  • Requirements: Proof of ownership of the vehicle, proof of income, and identification.
  • Pros: Easy to qualify for if you own a vehicle.
  • Cons: High interest rates and the risk of losing your vehicle if you default.

3. Secured Personal Loans

  • Characteristics: Loans secured by collateral, such as a savings account or certificate of deposit (CD).
  • Requirements: Collateral, proof of income, and identification.
  • Pros: Easier approval due to collateral; lower interest rates compared to unsecured loans.
  • Cons: Risk of losing collateral if you default.

4. Credit Builder Loans

  • Characteristics: Loans designed to help improve your credit score.
  • Requirements: Varies, but generally lenient as they are aimed at those with poor or no credit.
  • Pros: Helps build credit; relatively easy to obtain.
  • Cons: Funds are often not accessible until the loan is paid off.

5. Personal Loans from Online Lenders

  • Characteristics: Unsecured loans offered by online lenders.
  • Requirements: Varies by lender, but often less stringent than traditional banks.
  • Pros: Quick application and approval process; various amounts and terms available.
  • Cons: Interest rates can be higher than those offered by banks and credit unions, especially for those with lower credit scores.

6. Credit Union Loans

  • Characteristics: Personal loans offered by credit unions.
  • Requirements: Membership in the credit union, proof of income, and identification.
  • Pros: Often more lenient lending criteria and lower interest rates compared to banks.
  • Cons: Must be a member of the credit union.

7. Bad Credit Loans

  • Characteristics: Loans specifically designed for individuals with bad credit.
  • Requirements: Varies, but tailored for those with poor credit histories.
  • Pros: Accessible for those with bad credit; quick approval.
  • Cons: Higher interest rates and fees.

8. Peer-to-Peer (P2P) Loans

  • Characteristics: Loans funded by individual investors through online platforms.
  • Requirements: Varies by platform, but often more flexible than traditional lenders.
  • Pros: Can be easier to qualify for with a reasonable credit score; competitive rates.
  • Cons: Interest rates can vary widely.

Tips for Obtaining Loans:

  • Improve Your Credit: If possible, work on improving your credit score to access better loan options.
  • Compare Lenders: Look at different lenders to find the best rates and terms.
  • Understand Fees: Be aware of any fees associated with the loan, such as origination fees, late fees, and prepayment penalties.
  • Read the Fine Print: Ensure you understand all the terms and conditions before agreeing to a loan.

Always carefully consider your ability to repay a loan and explore all available options to avoid predatory lending practices.

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Bitcoin Bitcoin Investment cryptocurrency exchange Cryptocurrency news Ripple

Trending Altcoins to Buy Under $50 and Earn 10x Sooner

Trends determine the performance of altcoins as they can increase or decrease their performance. As of now, the cryptocurrency market is no longer in bullish behavior as the fear and greed index has moved to 51, which is about to turn bearish. The global market capitalization fell to $2.34 trillion and the trading volume fell to $56.78 billion, confirming the same.

Under these conditions, trending altcoins are the best profit options. In this sense, we will comment on some cryptocurrencies that usually have a tenfold return in this market.

Fabric (AR)

Arweave has seen gains of 180% since the beginning of the year, even after recently facing significant downward momentum. Despite the barriers, Arweave is on its best performing days in the last three years as it peaked primarily in November 2021, reaching an all-time high of $90.94. As of now, the price of AR is at $27.88 with a market capitalization of $1.8 billion and could rise again depending on its popularity.

Toncoin (TON)

Toncoin is among the most profitable altcoins this year as it has seen gains of 210% so far, taking its value to $8.24 earlier this month. Although the value has decreased, the possibility of it rising again is high due to its link with the popular social media platform Telegram. For now, Toncoin price is at $7.17 with a market cap of $17.6 billion, making it the 9th largest cryptocurrency on CoinmarketCap.

Pendle (PENDLE)

Pendle is now just 18% off the $7.52 ATH hit two months ago, despite the market crash at the time. It is among the least popular altcoins, but has still seen gains of 420% this year. Of them, 19% occurred this week and 4% today. With this, PENDLE is bullish for now and may continue to be bullish as its price has increased to $6.17 with a market capitalization of $955 million.

MAGA (TRUMP) 2942%

MAGA has peaked and is dominating the rest of the altcoins with gains of 2,942% this month. It is a trend due to the increased demand for Trump-themed meme coins in the market due to Donald Trump’s appearances in the news. The increase can continue as long as the price has increased by 13% in the last 24 hours. It is currently trading at $8.06, approaching the ATH of $17.52 set at the beginning of the month.

Trends vary over time and only a few cryptocurrencies can survive the change or whatever barriers the cryptocurrency market maintains. Having a diversified portfolio with long and short term gains and analyzing the market when to buy and when to sell can generate profitable results of 10 times or more.