Trump keeping his promise to veterans
One of the major campaign promises made by President Trump during the campaign period last year; was that he would ensure the veterans would be taken care of and never forgotten again. In his campaign promises, President Trump said that he would ensure the living conditions for the veterans would be improved; and that they should be given a happy life during their sun set years for their commitment to keep the US safe. What this meant was that there would be more money flowing to the veterans’ bank accounts in terms of stipends from the government. With more money, the veterans would then be able to afford quality food, healthcare and other social amenities.
President Trump seems to be committed to his campaign promises, if data from the first budget blueprint from his administration that was released in first quarter of 2017 is anything to go by. In the proposed budget, there were so many government agencies that got budget allocation cuts with only a handful getting an increase in their budget allocations. Among the lucky few that benefitted from an increase in budget allocation was Veteran Affairs, Defense and homeland security. This goes a long way to show how President Trump takes US security matters seriously; by ensuring that the current men and women in uniform are well taken care of, and the ones who retire are also well protected by the government.
Discretionary funding for the Veteran Affairs health care was increased by more than USD 4 billion from the current USD 74.5 billion in 2017 to USD 78.9 billion in 2018. This 6% jump represents a significant move in restoring dignity for the retired men and women in uniform who served the country selflessly. The additional funding will also go into improving efficiencies at the Veteran Affairs and provide monetary support for Veteran Affairs’ programs that are targeted to the homeless and the at-risk veterans. With this looming increase in income for the veterans, there arises the issue of how the incremental income will be spent by the veterans as it raises their purchasing power.
Investing the incremental veteran income
Among the things that veterans are likely to prioritize when budgeting for their incremental income include meeting their immediate food and healthcare needs. However, after the basics are covered, saving and investing will come in second in order to create more wealth to spend in your future days as the cost of living keep rising. Finding the right channels through which you can save and invest can be challenging in the current low interest rate regime.
With the new unconventional investment channels through online trading, you can however grow your wealth much faster; compared to the traditional savings and investment instruments provided by the commercial banks. All you need is to have an online account and learn the basics through an online demo account. Daily market analyses will also help you to identify market trends for the assets you are trading on; and give you guidance in making your trading decisions. With return margins being in the north of 80%, online binary options trading provides a lucrative investment channel to invest your surplus veteran income and grow it much faster.
Another online trading option for veterans that you can engage in conveniently from the comfort of your home is forex trading. In forex trading, you will be buying and selling different currencies online on a global market of interconnected computer networks. Your role will be to speculate the possible exchange rate movement for your chosen currency pair; and then buying and selling at the opportune moment when the exchange rates move as you had predicted. Your returns will be the difference between the buying price and the selling price; after which you will deduct commission fees or spread fees which are submitted to the broker.
Spread betting and CFD trading are new forex trading strategies that are becoming popular due to the leverage they offer to traders; whereby you have the capacity to trade with more cash than you have. For instance if your broker gives you a leverage of 100:1, then with USD 1,000 you are able to trade with a portfolio worth USD 100,000. Theses leveraged trading instruments increase your portfolio size and give you a chance to grow your wealth exponentially; after learning the required trading skills and gaining some market experience.
After retirement you will definitely have a lot of free time in your hands that you can use more constructively in creating more wealth for your sunset years and for your heirs. Considering taking the online trading alternative as your investment vehicle will both keep you engaged, as you follow what is happening in the markets; as well as help you to be more financially independent as you earn an extra income.