Make money – R43DSFRS http://r43dsfrs.com/ Tue, 03 Aug 2021 07:49:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://r43dsfrs.com/wp-content/uploads/2021/07/icon-1.png Make money – R43DSFRS http://r43dsfrs.com/ 32 32 Exclusive interview with Thunes and Limonetik – unveiling of the strategy behind the recent acquisition https://r43dsfrs.com/exclusive-interview-with-thunes-and-limonetik-unveiling-of-the-strategy-behind-the-recent-acquisition/ https://r43dsfrs.com/exclusive-interview-with-thunes-and-limonetik-unveiling-of-the-strategy-behind-the-recent-acquisition/#respond Tue, 03 Aug 2021 06:32:08 +0000 https://r43dsfrs.com/exclusive-interview-with-thunes-and-limonetik-unveiling-of-the-strategy-behind-the-recent-acquisition/ We sat down with Peter De Caluwe, the CEO of Money, and Christophe Bourbier, the CEO of Limonetik, to learn more about the recent acquisition and the way forward What was the main reason for this acquisition and what capabilities / reach does Limonetik add to Thunes? Peter De Caluwe: Thunes has built a payment […]]]>

We sat down with Peter De Caluwe, the CEO of Money, and Christophe Bourbier, the CEO of Limonetik, to learn more about the recent acquisition and the way forward

What was the main reason for this acquisition and what capabilities / reach does Limonetik add to Thunes?

Peter De Caluwe: Thunes has built a payment infrastructure in emerging markets over the past five years, focusing on creating interconnectivity across borders and currencies: we are trying to solve the problems associated with cross-border transactions. In emerging markets, transferring money across (and even within) borders is incredibly complicated, difficult, expensive, and slow: for example, many people in emerging markets do not have a bank account, but instead hold funds in electronic wallets, which are not connected to correspondent banking networks such as SWIFT and often are not even able to send funds to other electronic wallets. This creates a lot of complexity for parties wishing to transfer money to people in emerging markets.

This is where Thunes comes in: we try to build individual pipelines to each of these players instead of going through the corresponding banking network. After building these pipelines for five years, we have full coverage of over 110 countries. In addition, we have devoted several years to developing the capacity for in-house currency conversion. This puts us in a good position to process payments for money transfer companies, merchants and cross-border marketplaces, and to pay foreign employees. Our business model is very simple: we charge a fee per transaction and we charge a markup on the exchange.

However, there is one key capability that we have not been able to develop so far: collecting payments from emerging markets. We can send money anywhere, but collecting money requires a whole new set of skills and knowledge. This is where Limonetik comes into the picture: around the world, there are only a few players capable of actually managing collection in complex payment situations, such as emerging markets, and Limonetik is one of the ‘between them. With their unique skills and expertise on board, we are suddenly just a few months away from offering collection capabilities to all of our customers around the world.

Christophe Bourbier: Thunes offers us the ideal way to expand outside of Europe. We were very happy to see that we share an entrepreneurial spirit with Thunes. Plus, every client they might have could also be one of us: we both focus on banks, fintechs, marketplaces, and SMEs: basically anyone except consumers.

How will the acquisition unfold in terms of technological integration? Are you planning to join forces to become one and the same brand?

Christophe: Limonetik will continue under the Thunes brand, but we are very happy to do so. The other two founding members of Limonetik and I will be partners of the founding team of Thunes, and we are delighted to start operating globally.

Pierre : We don’t want to interfere with what makes Limonetik great: it’s a mistake many companies make after the acquisition. We don’t intend to go in and start dictating what the Limonetik team are going to do: They’ve been doing amazing things for years – things we can’t do. There is a huge market ahead of them, and we want to help them capture it. Together, we aim to eventually offer a single access point, a single API to our customers for collection and disbursement.

Thunes already has a payment license in Singapore and one in the UK. Are you planning to get a new license in another European country? If so, what type of license?

Pierre : Thunes is currently in the process of applying for licenses in Hong Kong, the United States and France. The license in Hong Kong is about to be finalized, and the US license is extremely close: it will be a matter of weeks before we have this finalized.

However, in Asia the types of licenses are limited: in principle you can get either a banking license or a financial institution license. As a result, we often operate our business under regulatory approvals instead of licenses. We run most of our business on our UK license as it is very well developed and therefore well known and respected in many countries. The UK license rules are very strict which can be difficult, but it also keeps us honest. This is a payment institution approval, and that in France will also be a payment institution approval.

What will Thunes’ main growth focus be in the near future (which markets and segments)?

Pierre : Our main goal is to expand and lay as many new pipelines as possible in as many countries as possible. We don’t process giant transactions: we focus on all B2B (and C2B) transactions between $ 15,000 and $ 40,000. Looking at this market, around $ 15 trillion is still being processed through the old-fashioned correspondent banking system. And that’s what we’re looking for: we want to process as much of that $ 15 trillion as possible.

In May 2021, Thunes announced a Series B growth cycle of $ 60 million, bringing the company’s total funding to $ 130 million. After the acquisition of Limonetik, what is the next step for Thunes?

Pierre : In other words, how will we use this money? Our biggest cost is expansion: We’ve doubled in size and revenue every year over the past five years, and it takes a lot of new people to hire. Currently, we are 200 strong in 30 countries, representing more than 40 nationalities. We like things to be local and decentralized, but it takes time and money to build such a network. It’s also good for us to have 100 million in the bank, especially when dealing with central banks and others: these organizations prefer to do business with well-capitalized players, which increases confidence in us.

Money also allows us to continue to grow freely, without worrying too much about being profitable overnight. At the unit economy level, we are already profitable: we earn money on each transaction. However, due to the high expansion rate, we expect to become profitable as a business in a few years.

About Peter De Caluwe

Peter De Caluwe is a leader in the global B2B payments industry, with decades of experience leading fintech companies, a serial entrepreneur and a successful angel investor. Over the past 25 years, Peter has been a driving force in the payments ecosystem, advancing global businesses, building high performing teams and gaining in-depth industry knowledge.

About Christophe Bourbier

Christophe Bourbier is a born entrepreneur and an executive with more than 15 years of experience in competitive and disruptive strategy. Competitor at heart, passionate about the international, Christophe, before founding Limonetik in 2007, had created different companies in High Tech and Communication.

About Thunes

Thunes is a B2B business that powers payments for the world’s fastest growing businesses. With a single API connection, customers reach new markets and multiple payment options in over 100 countries without the need for countless multiple system integrations. Today, more than 100 banks, payment service providers (PSPs), money transfer operators (MTOs), mobile wallet operators, platforms and fintech companies around the world use us to process cross-border payments from cheaper, faster and more transparent, and more secure.

About Limonetik

Limonetik is a full-service payment aggregator that offers, through a single API connection, the acceptance of over 285 international payment methods and advanced services – from collection and settlement management to reconciliation and payment management. accounts – to enable new payment experiences (marketplaces, omnichannel model).


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Can Foreign Venture Capitalists Make Big Money With Indian Technology? https://r43dsfrs.com/can-foreign-venture-capitalists-make-big-money-with-indian-technology/ https://r43dsfrs.com/can-foreign-venture-capitalists-make-big-money-with-indian-technology/#respond Fri, 23 Jul 2021 16:17:53 +0000 https://r43dsfrs.com/can-foreign-venture-capitalists-make-big-money-with-indian-technology/ July 24, 2021 IFUNDING there are numbers of people and stories of people. Quants are the archetype of numbers: they only buy titles that meet statistical criteria. Venture capitalists are people of history. They must be. They fund tech startups that may have great potential but don’t have, or haven’t yet, the numbers to back […]]]>

IFUNDING there are numbers of people and stories of people. Quants are the archetype of numbers: they only buy titles that meet statistical criteria. Venture capitalists are people of history. They must be. They fund tech startups that may have great potential but don’t have, or haven’t yet, the numbers to back it up. Nothing speaks of potential like India with its vast, young and tech-savvy population. And no venture capital story is as appealing as Indian tech.

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A flood of foreign money is sweeping the Indian startup scene. Flipkart, an e-commerce site, has just raised $ 3.6 billion in a record funding round. There has been a wave of public listings this year, as newbies take advantage of India’s vibrant stock market to raise capital and provide an exit for their venture capital backers. The recent initial public offering of Zomato, a food delivery company, was significantly oversubscribed. Paytm, a highly touted payment app, should be listed soon.

This burgeoning interest in India owes much to the waning appeal of China, whose tech companies are facing regulatory backlash. To foreigners, India appears to be a younger and freer China. Take a closer look, however, and it doesn’t live up to the bill.

Start with what is meant by Indian technology. An ideal tech startup would give investors exposure to a few important things. One is entrepreneurship. India is a difficult place to make a living. Each owner of a kirana (a small store) has to overcome obstacles that MBA– managers educated in richer places. India’s difficult business climate thus generates a certain commercial flair, which is demonstrated by its best startups. The other element is the engineering of the chops. India’s IT talent lies in design rather than technology at the patent level, says a Bangalore-based technology investor. But this is a distinctive advantage. Add a pinch of venture capital to those pieces and, with luck, the result is a company with a real competitive advantage that can be leveraged in India and beyond.

In practice, however, Indian tech companies that gain attention fall into one of two types. The former performs routine tasks on behalf of companies in the rich world. The big names here are Infosys and Tata Consultancy Services, the backbone of Tata Group, a family conglomerate. They are not purely technological; you might think of them as engaged in technology-based wage arbitration. The second type is the copy business. These are versions of American or Chinese tech companies that require a field presence in the markets in which they operate. Flipkart is therefore the Indian Amazon; Ola is the Indian Uber; and Paytm is Indian Alipay. Much of the current enthusiasm is for copycat companies. It’s a story that investors who are relatively new to venture capital seem happy to buy into. If a business model has made money for others elsewhere, it can make money for them in India.

But can he? Flipkart was founded in 2007 by two software engineers who had worked at Amazon. The e-commerce market was then wide open. This is no longer the case. Amazon itself entered the Indian market in 2013. Former Indian conglomerates have realized that their mainstream franchises could be disrupted by startups. Reliance, one of India’s largest business groups, has invested heavily in telecommunications and broadband, and has an extensive network of supermarkets. Tenure is a particularly powerful force in Indian affairs. With that comes the lobbying power to tip the regulations in your favor.

It’s not the only hole in history. India has a population similar in size to that of China. But it is much poorer. The average per capita income is around $ 2,000 at current prices, compared to over $ 10,000 for China. The average figure in India masks a significant bias in favor of a wealthy elite. The vast majority of the Indian workforce has no formal job and earns much less than the average. And despite the strange flurry of awesome GDP growth, India is clearly not on track to keep up with China’s rapid economic development. Its addressable market is much smaller.

India also has undeniable strengths, of course. Its IT and commercial talent makes it a natural territory for venture capital. The potential to generate game-changing startups is there. But the money pouring into venture capital around the world isn’t really looking for originality. Like a Hollywood producer, he prefers to support variations of ideas that have already made cards. India is a decent story, but only a few will make a decent income from it. The numbers just don’t add up.

This article appeared in the Finance & Economics section of the print edition under the title “A tiger’s tale”


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Low mortgage refinancing rates make it a great time to consolidate debt https://r43dsfrs.com/low-mortgage-refinancing-rates-make-it-a-great-time-to-consolidate-debt/ https://r43dsfrs.com/low-mortgage-refinancing-rates-make-it-a-great-time-to-consolidate-debt/#respond Wed, 21 Jul 2021 04:13:02 +0000 https://r43dsfrs.com/low-mortgage-refinancing-rates-make-it-a-great-time-to-consolidate-debt/ Homeowners have another opportunity to take advantage of a discount mortgage rate sale these days, as various economic factors and the Federal Housing Finance Agency’s decision to eliminate refinancing fees combine to push back the mortgage market. One strategy for taking advantage of these terms might be to refinance your mortgage and incorporate any home […]]]>

Homeowners have another opportunity to take advantage of a discount mortgage rate sale these days, as various economic factors and the Federal Housing Finance Agency’s decision to eliminate refinancing fees combine to push back the mortgage market.

One strategy for taking advantage of these terms might be to refinance your mortgage and incorporate any home equity debt you have – such as a home equity loan or home equity line of credit (HELOC) – into the new loan. Here’s why it could save you money in the long run.

Why you should consider consolidating your home equity and mortgage

Mortgage interest rates are generally lower than home equity products, and with mortgage rates on the verge of falling even more in the short term, this is a great opportunity to reduce your debt at higher interest rates. .

For now, the Federal Reserve’s policy is to promote low interest rates, but most experts expect this to change as the COVID recovery continues.

“When the Fed starts raising rates, the first rate to increase is the home equity rate,” said Melissa Cohn, executive mortgage banker at William Raveis Mortgage. “Your home equity loan has only one way to go: increase.

Home equity loans and lines of credit are more sensitive to market fluctuations as these products tend to have adjustable rates, while primary mortgages typically have their interest set at a single rate over the life of the loan.

“We are in the final innings of this extraordinary low rate environment,” Cohn said, so borrowers with variable rate loans have only a matter of time before their payments start to rise. “Wouldn’t you want to refinance your entire loan into a mortgage where your rate is secured?

How does the end of the refinancing fee affect this consolidation strategy?

“It’s huge,” Cohn said. “You have the gold ring over it. Not only have bond yields fallen, but the cost of borrowing has also fallen, as we got rid of these fees. “

A refinancing fee of 0.5% of the loan balance has been taken on most mortgage revisions since the start of the COVID-19 pandemic. It applied to conforming loans held by Fannie Mae and Freddie Mac, with a principal balance of at least $ 125,000.

The end of the fees on August 1 will make it easier for borrowers to consolidate their debt, especially if it would have put them on the wrong side of that $ 125,000 threshold. The fees were paid by the lenders, and many of them chose to pass only a portion of the costs on to the borrowers, so it’s not clear if anyone will see the half point in savings when ‘he will do it again.

How to consolidate your debt

The easiest way to consolidate your mortgage and mortgage debt is to refinance your primary mortgage and use the extra funds to pay off your HELOC or loan balance.

Check out Bankrate’s mortgage refinance calculator to see how much you could save.

If you have enough equity in your home, you may be able to keep the line of credit open even after you’ve paid it off, according to Cohn.

“The advantage of a home equity loan is that it gives it access to the equity in your home at all times,” she said. “You may not have to shut it down.”

For homeowners, a HELOC can be a great source of emergency cash if unexpected large expenses arise, in addition to being a smart way to fund home improvement projects.

Keep in mind that if your lender forces you to close your HELOC, which many will likely do with a refinance, you will no longer have access to that equity unless you choose to open another. line of credit later.

At the end of the line

Mortgage rates are falling again and while historic lows will not last forever, the trend offers borrowers new opportunities to take advantage of them.

If you haven’t refinanced yet, or have multiple mortgages on your home, now is a great time to calculate the numbers and consider looking for a lower interest rate and consolidating some debt.

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After college decision, whether high school athletes can make money with their image becomes a hot topic https://r43dsfrs.com/after-college-decision-whether-high-school-athletes-can-make-money-with-their-image-becomes-a-hot-topic/ https://r43dsfrs.com/after-college-decision-whether-high-school-athletes-can-make-money-with-their-image-becomes-a-hot-topic/#respond Tue, 20 Jul 2021 13:27:30 +0000 https://r43dsfrs.com/after-college-decision-whether-high-school-athletes-can-make-money-with-their-image-becomes-a-hot-topic/ By Ernie Clark, Bangor Daily News Staff The phrase ‘name, image and likeness’ has dominated the college sports scene this year, with a Supreme Court ruling leading the NCAA to adopt an interim policy giving all of its student-athletes current and new entrants the opportunity to financially benefit from these three elements of their identity. […]]]>

By Ernie Clark, Bangor Daily News Staff The phrase ‘name, image and likeness’ has dominated the college sports scene this year, with a Supreme Court ruling leading the NCAA to adopt an interim policy giving all of its student-athletes current and new entrants the opportunity to financially benefit from these three elements of their identity. The NCAA decision came just before many state laws or decrees providing the same rights took effect, and the current policy will remain in effect until the NCAA sets new rules on the matter or the legislation. federal law be enacted.

By Ernie Clark, Bangor Daily News Staff

The phrase “name, image and likeness” has dominated the college sports scene this year, with a Supreme Court ruling leading the NCAA to adopt an interim policy giving all of its current and future student-athletes the opportunity to financially benefit from these three elements. of their identity.

The NCAA decision came just before many state laws or decrees providing the same rights took effect, and the current policy will remain in effect until the NCAA sets new rules on the matter or the legislation. federal law be enacted.

While the historic change only applies to varsity sports to date, it also sparked much discussion at the recent annual summer meeting of the National Federation of State High School Associations in Orlando, Fla. .

“We talked about it every day,” said Maine Principals Association interschool executive director Mike Burnham, also a member of the association’s board of directors. “It was a huge topic of conversation.”

It’s unclear whether the name, image, and likeness rules will eventually apply to high schools, as recent state law that led to the NCAA’s policy change only affects high schools. university sports.

“The legislation that we see passed or in motion is not about high schools,” said Dr Karissa Niehoff, executive director of the National Federation of State High School Associations, which oversees interschool sports across the country. “At the moment, we don’t have legislation that says high school student-athletes are able to engage in contracts and such as name, image and likeness.”

Niehoff cited in a recent media post the differences between college and high school sports, including the elite level of the student-athlete population that may be most likely to generate name, image and performance opportunities. resemblance to the more participatory nature of high school sports.

About 6 percent of America’s 8,000,000 high school student-athletes continue to play collegially in one of the three divisions of the NCAA.

“We really want to distinguish the high school population and that high school attendance from that of college,” Niehoff said. “Being in high school track and field is really, really a privilege. It’s a part of the overall educational experience, and the mission of attending high school is a little different from [college]. “

The push for reform has been driven in large part by the big television contracts that the NCAA and major Division I conferences land for events such as the NCAA Division I men’s basketball tournament and playoffs. of the Football Bowl division.

Such lucrative media offers are not available at the interschool level, nor are scholarships or additional benefits for students generally based specifically on athletic prowess generally.

At the Maine Principals’ Association, revenue generated from some of the activities it sponsors each year, such as the high school basketball tournament, helps defray the costs of the other 24 activities it sponsors.

“When it comes to the actual high school locker room experience… we think professional contracts could be a real disruptor in terms of how all kids, families, and the entire high school community feel where one or several student-athletes are identified as more elite and, in fact, quite frankly identified as professionals, ”Niehoff said. “We don’t think it’s appropriate. “

Niehoff is also concerned that the opportunity to make money will negatively influence the high school student-athlete decision-making process throughout the college hiring process.

“We fear that if something as brilliant as [a name, image and likeness] contract is in front of them, it can undermine a student’s decision on where they want to go in their next phase, ”she said. “We don’t want the agents representing the contracts to be the main influencers. “

A great unknown may be the fate of high school student-athletes who are recruited to participate in varsity sports and who have benefited financially from their participation in activities not sanctioned by the school, such as basketball. AUA.

“Our policy in the past was that any student-athlete who went to play at this higher level had to follow NCAA guidelines in terms of payout or prize money,” Burnham said.

“With the change at the college level, it’s going to force us to have a conversation about amateurism and accepting money. I think we will follow the lead of the national federation in trying to protect high school athletics and not commercialize it. “


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3 High Yield Dividend Investing Tips That Could Earn You Thousands https://r43dsfrs.com/3-high-yield-dividend-investing-tips-that-could-earn-you-thousands/ https://r43dsfrs.com/3-high-yield-dividend-investing-tips-that-could-earn-you-thousands/#respond Mon, 19 Jul 2021 12:54:00 +0000 https://r43dsfrs.com/3-high-yield-dividend-investing-tips-that-could-earn-you-thousands/ Income investors are often older and preserving capital is their top priority. When investing, avoiding pitfalls is a key way to make money. A 40% loss on one stock can wipe out a lot of 10% gains on others. Value investors often speak of “value traps,” and this concept is relevant to income investors. Here […]]]>

Income investors are often older and preserving capital is their top priority. When investing, avoiding pitfalls is a key way to make money. A 40% loss on one stock can wipe out a lot of 10% gains on others. Value investors often speak of “value traps,” and this concept is relevant to income investors. Here are some tips that can help you spot red flags and avoid landmines.

Image source: Getty Images.

1. Understand the competition

If a stock’s dividend yield is higher than its peers, it is often a danger sign that the dividend will be reduced in the future. This usually happens when the business is in trouble and the business does not have the income to cover it. We saw it in the spring of 2020 when Wells fargo yielded more than 7% while its competitors yielded around 3 to 4%. Wells ultimately cut its dividend by almost half. Whenever a high performance catches your eye, it’s worth taking a quick look at the company’s competitors and seeing if the performance is irrelevant. If so, compare the annual dividend to earnings per share. If the dividend is greater than earnings per share, that’s a bad sign. It’s a trick that might not net you much, but a dime saved is a dime earned.

Take a look at the chart below, which compares Wells’ dividend yield to that of JP Morgan, Citigroup, and Bank of AmericaAt the start of 2020, Wells’ return was too good to be true, and the dividend was cut in half.

WFC Dividend Yield Chart

WFC Dividend Yield Data by YCharts

2. Understanding the catalysts

The Federal Reserve has supported the economy by purchasing Mortgage Backed Securities (MBS) as part of its response to COVID-19. Fed purchases provide artificial support to the MBS market and that support will eventually disappear. In his prepared remarks to Congress, Fed Chairman Jerome Powell said the end of MBS purchases was “a way to go,” but looming on the horizon.

In 2013, the Fed warned against cutting MBS purchases and investors threw the asset class overboard. The price difference of MBS versus treasury bills has dropped dramatically, and with it, stock prices of Annaly Capital and AGNC investment. Eventually, the Fed will start to cut back on its purchases of MBS, and it will announce this well in advance. At this point, the party draws to a close. Don’t stay too late.

3. Understanding the macroeconomic environment

Not all actions work over the entire business cycle. In fact, most don’t. Financials perform better when the economy is recovering from a recession, and very poorly at the end of the economic cycle. The cyclical, consumer discretionary and defensive cycle are all different. If the economy is strong, now is the time for consumer discretionary stocks and cyclicals. If the economy is bad, defenses are the way to go.

Even real estate investment trusts (REITs) can vary; a net rental company like Real estate income (NYSE: O) will work differently from a mall REIT like Simon Real Estate Group. Master Energy Limited Partnerships (MLPs) will often react to oil prices.

Trying to enter and exit sectors based on your personal economic forecasts is difficult to do, but periodically checking your portfolio against the current state of the economy can pay (or avoid loss of) dividends. .

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Valley News – One Life: George H. Goodhue Jr. https://r43dsfrs.com/valley-news-one-life-george-h-goodhue-jr/ https://r43dsfrs.com/valley-news-one-life-george-h-goodhue-jr/#respond Mon, 19 Jul 2021 01:02:59 +0000 https://r43dsfrs.com/valley-news-one-life-george-h-goodhue-jr/ LEBANON – Before there was a series of fast food franchises and big box stores, when Route 12A in western Lebanon was still a road through cornfields, there had George’s Country Store. Built in the 1970s and operated by its namesake, George Goodhue Jr., the store had a rustic pine plank exterior that resembled an […]]]>

LEBANON – Before there was a series of fast food franchises and big box stores, when Route 12A in western Lebanon was still a road through cornfields, there had George’s Country Store.

Built in the 1970s and operated by its namesake, George Goodhue Jr., the store had a rustic pine plank exterior that resembled an Old West saloon.

Player, card shark and serial entrepreneur, Goodhue went on to develop Glen Road Plaza – one of the region’s premier shopping malls – aptly claiming, in his daughter’s words, to be “the one of the founding fathers ”of the Route. 12A trade corridor in western Lebanon.

“If this were to make any money, he would,” said daughter Fawn Rand, of Tilton, NH.

George Goodhue Jr., who grew up in Lebanon and graduated in 1956 from Lebanon High School, died on May 21 at Genesis HealthCare in Lebanon, where he was taken following a fall in his home in Quail. Hollow, in western Lebanon.

Goodhue, who was 83, had been in poor health for several years.

By all accounts, Goodhue made money in a succession of business ventures. But, as a die-hard player who rarely missed a bet – Goodhue once boasted of beating Kenny Rogers at cards in Las Vegas – he also lost money in overworking himself and in business ventures that did not succeed.

Financial ups and downs were just part of the race in the days of western Lebanon’s “wheel merchants”, said his son, George Goodhue III, of Dover, NH.

It was a time when developers took over old farms as the Upper Valley shopping center migrated to northern Lebanon from Claremont.

“He was a character in a part of town that is now forgotten,” George Goodhue III said of his father.

Although he has traveled to Europe and enjoyed frequenting casinos in Atlantic City and Las Vegas, Goodhue has spent most of his life in Lebanon. His father, George “Frenchy” Goodhue, worked for 30 years at the former Goodyear Tire and Rubber Co. factory in Windsor before becoming a barber in Lebanon.

After a stint in the military, Goodhue worked as a logger chopping down trees in northern New Hampshire – family tradition says he learned to shave with an ax – and as a driver and serviceman for Canteen Vending Services in the Massachusetts.

Returning to the Upper Valley in 1975, Goodhue purchased a property on Route 12A where the Lebanon Pet and Aquarium Center is now located and built George’s Country Store, known for its custom-ordered grinders, which were a lunchtime favorite. , and floor-to-ceiling cases of beer.

And long before the lottery became a staple of convenience stores, Goodhue liked to run his own game of chance when customers approached the cashier with a six-pack or a case.

“Do you want to go for this?” Double or nothing! ”Goodhue would bet the customer, according to family and friends.

“If they won, he would give it to them. If they lost, they paid double, ”recalls Darren Carter, owner of the towing company Midnight Recovery Auto Services in western Lebanon and who knew Goodhue as a teenager when his mother lived with him in a house in the United States. location now occupied by Glen Road Plaza.

Goodhue added plots adjacent to the store and ran a Chinese restaurant, named The Pagoda, where the cooks lived above the restaurant.

When the general store closed, he opened a gun store named The Gungslinger in the same location. He nicknamed the group of buildings “Pine Plaza”.

“They turned the beer cooler into gun cases,” recalls Tim Henderson of Wilder, a contractor who helped build Glen Road Plaza.

Goodhue’s father lived in a house on the corner of Route 12A and Glen Road and Goodhue built commercial offices and stores around the house in what became Glen Road Plaza.

Goodhue had a simple business philosophy, according to Henderson.

“It was all you can make a quick buck on,” Henderson said.

This included the criminal activity of others. In the late 1980s, Goodhue opened a surety agency in an office in Glen Road Plaza.

“George and my mother would go to jails and make deals with criminals to get them out,” said Carter, who said he was sometimes sent to help get picky clients who skipped bail.

George Goodhue III said generosity was one of his father’s enduring qualities. He recalled a man who suffered from a disfiguring facial disease but who had remarkable talent as an artist. His father hired the man to paint a four-panel mural of the four seasons outside one of the buildings in Glen Road Plaza, where they can still be seen today.

“You could be a complete wreck on the street and my dad would give you a job on his construction crew,” said George Goodhue III. “He would give anyone a second and a third hit.”

In the 1990s, Goodhue went to “auctioneer school” and obtained his auctioneer license. He opened Goodhue Auction Services in Enfield, operating in the basement of one of the buildings at the Enfield Shaker Museum, and scoured the Upper Valley estates for furniture and other items for auction.

“There was a hot dog steamer. He loved steamed hot dogs. When he was doing an auction, he always had one of those hot dogs in his hand, ”Carter recalls.

There were frequent trips for all-night poker games to Foxwoods, Connecticut, as well as trips to Spain and Germany. Rand said he had already won $ 100,000 at a game in Las Vegas.

“He was a risk taker,” she said.

The risk-taking sometimes extended to his physical safety, relatives said.

Goodhue had a drummer, whom he named “The Four Aces,” whom he piloted in collision derbies at the Enfield Fair, said George Goodhue III.

“They were driving and smashing cars and the last one with his engine running won,” said Rand, who recalls his dad finishing second in a competition. He had parked the car in front of George’s Country Store so that people could see it as they passed on Route 12A.

He turned his love of gambling into a business opportunity when he signed on to become a “junket representative” for Donald Trump’s casinos in Atlantic City.

“He would round people up, put them on a plane at the Lebanon airport, and fly them to Atlantic City and play for the weekend,” Carter said.

But Goodhue was not in tune with popular culture.

“Dad would get all these tickets to the Trump people concerts. I remember he came home once home with a ticket for Elton John (and said, ‘Who is that?’, “Recalls his son.

Goodhue was not afraid of a little subterfuge to bypass Lebanon’s zoning authorities if he thought the situation warranted it, said George Goodhue III.

His son remembers when the city told him he had to replace the Glen Road Plaza plantings because the bushes were dead and the leaves had all turned brown.

“He said, ‘I’m not going out and buying new plants. So he told me to go to the store and buy some green paint and spray paint on the green brown leaves, ”said George Goodhue III.

“’Do it at 3 am, and make sure there are no cars around,” the son recalled, advising his father.

“For a good year and a half people didn’t realize these plants were all dead and just spray painted,” said George Goodhue III.

In 1993, when the real estate market entered a recession and tenants fell behind on rent, Goodhue was unable to keep up with his $ 1.3 million mortgage and property taxes. Glen Road Plaza was auctioned for $ 825,000.

“It was hard for him,” said his son George Goodhue III.

Years later, Goodhue asked not to walk past Glen Road Plaza because the memory was too painful.

“He was moved about it,” his son said.

In 1999, Goodhue moved into an apartment in Quail Hollow and was among the first residents of the retirement community. It was there, in the letterbox room, six and a half years ago, that he met Arlene Caouette, who herself had recently moved to Quail Hollow.

After the first date, Caouette said she fell in love. They quickly moved into adjacent units.

“He was the most interesting man I have ever met. I have been married twice before and he outdid them both,” said Caouette, who calls Goodhue “the love of my life.” .

She admired his hands-on approach to a life filled with experiences.

“He was really good to me and a big one for telling me ‘If you don’t wanna do it, don’t do it. Don’t make someone else happy. Caouettee.

“George was involved in just about everything,” marvels Caouette. “We would start talking about something and he was like, ‘Oh, I did that.’ “

Following a stroke three years ago, Caouette said, Goodhue became weaker and more difficult to understand when speaking. She became his guardian until she couldn’t do it again after her fall.

George Goodhue’s life was one of big wins and big losses, but he had no regrets, according to his friends and family.

Goodhue “made a lot of money and he lost a lot of money,” Carter said. “But I think he had a great time in between.”

It looks like his dad, said Fawn Rand.

“My dad always told me, ‘When I die, don’t be upset because I did whatever I wanted,’” she said.

Contact John Lippman at jlippman@vnews.com.


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Companies like Fate Therapeutics (NASDAQ: FATE) can afford to invest in growth https://r43dsfrs.com/companies-like-fate-therapeutics-nasdaq-fate-can-afford-to-invest-in-growth/ https://r43dsfrs.com/companies-like-fate-therapeutics-nasdaq-fate-can-afford-to-invest-in-growth/#respond Sun, 18 Jul 2021 13:23:38 +0000 https://r43dsfrs.com/companies-like-fate-therapeutics-nasdaq-fate-can-afford-to-invest-in-growth/ Even when a company loses money, it is possible for shareholders to make money if they buy a good company at the right price. For example, Therapeutic destiny Shareholders (NASDAQ: FATE) did very well last year, with the stock price climbing 128%. Still, only an idiot would ignore the risk that a loss-making company burns […]]]>

Even when a company loses money, it is possible for shareholders to make money if they buy a good company at the right price. For example, Therapeutic destiny Shareholders (NASDAQ: FATE) did very well last year, with the stock price climbing 128%. Still, only an idiot would ignore the risk that a loss-making company burns its cash too quickly.

So, despite the strong share price, we believe it is worth considering whether Fate Therapeutics’ cash consumption is too risky. For the purposes of this article, cash consumption is the annual rate at which an unprofitable business spends money to finance its growth; its negative free cash flow. First, we will determine its cash trail by comparing its cash consumption with its cash reserves.

Check out our latest review for Fate Therapeutics

Does Fate Therapeutics have a long cash flow trail?

A company’s cash flow trail is the time it would take to deplete its cash reserves at its current rate of cash consumption. As of March 2021, Fate Therapeutics had US $ 790 million in cash and no debt. In the past year, its cash consumption amounted to US $ 47 million. So it had a very long, multi-year cash trail starting in March 2021. More importantly, analysts believe Fate Therapeutics will break even before that date. In this case, he may never reach the end of his cash trail. Pictured below, you can see how his cash holdings have changed over time.

NasdaqGM: FATE History of debt to equity July 18, 2021

How well is Fate Therapeutics growing?

We find it quite encouraging that Fate Therapeutics managed to reduce its cash consumption by 52% over the past year. But it was the 279% operating revenue growth that really shone. Considering these factors, we are quite impressed with its growth trajectory. If the past is always worth studying, it is the future that matters most. For this reason, it makes a lot of sense to take a look at our analyst forecast for the company.

How difficult would it be for Fate Therapeutics to raise more money for growth?

There is no doubt that Fate Therapeutics appears to be in a good enough position to manage its cash consumption, but even if it is only hypothetical, it is still worth wondering how easily it could raise more money. to finance growth. In general, a listed company can raise new liquidity by issuing shares or going into debt. One of the main advantages of publicly traded companies is that they can sell stocks to investors to raise funds and finance their growth. By looking at a company’s cash consumption relative to its market capitalization, we get an idea of ​​how many shareholders would be diluted if the company were to raise enough cash to cover another year’s cash consumption.

Fate Therapeutics’ cash consumption of US $ 47 million represents approximately 0.6% of its market capitalization of US $ 7.4 billion. So he could almost certainly borrow a little to finance another year’s growth, or he could easily raise cash by issuing a few shares.

How risky is Fate Therapeutics’ money-consuming situation?

As you can probably see by now, we’re not too worried about Fate Therapeutics consuming money. For example, we believe that its revenue growth suggests that the business is on the right track. But it’s fair to say that his reduction in cash consumption was also very reassuring. Shareholders can be happy that analysts expect it to break even. After looking at a series of factors in this article, we’re pretty relaxed about its consumption of cash, as the company appears to be in a good position to continue funding its growth. It is important for readers to be aware of the risks that can affect business operations, and we have selected 2 warning signs for Fate Therapeutics that investors need to know when investing in stocks.

Of course, you might find a fantastic investment looking elsewhere. So take a look at this free list of companies that insiders buy, and this list of growth stocks (according to analysts’ forecasts)

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Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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Are summer spending increasing? 3 ways to get extra cash https://r43dsfrs.com/are-summer-spending-increasing-3-ways-to-get-extra-cash/ https://r43dsfrs.com/are-summer-spending-increasing-3-ways-to-get-extra-cash/#respond Sat, 17 Jul 2021 17:32:21 +0000 https://r43dsfrs.com/are-summer-spending-increasing-3-ways-to-get-extra-cash/ If your credit card bills keep rising and you’re spending more money than you’ve had in a long time, you’re in good company. Inflation makes everything from gasoline to groceries much more expensive, and straining a lot of people’s budgets. Meanwhile, you could be spending more money this summer in general. The weather is hot, […]]]>

If your credit card bills keep rising and you’re spending more money than you’ve had in a long time, you’re in good company. Inflation makes everything from gasoline to groceries much more expensive, and straining a lot of people’s budgets.

Meanwhile, you could be spending more money this summer in general. The weather is hot, the pandemic situation doesn’t seem so dire, and maybe you are ready to socialize after spending the past 16 months locked up at home. Or, you may be traveling for the first time since the start of the pandemic.

Either way, the last thing you want to do this summer is get rid of a bunch of debt in your name. If your expenses keep increasing, here are some steps you can take to earn extra money.

One email a day could help you save thousands

Expert tips and tricks delivered straight to your inbox that could help save you thousands of dollars. Register now for free access to our Personal Finance Boot Camp.

By submitting your email address, you consent to our sending you money advice as well as products and services that may be of interest to you. You can unsubscribe anytime. Please read our privacy statement and terms and conditions.

1. Get a secondary job

No one wants to spend all summer working, and if you are already working full time, a sideline can seem like a challenge. But remember that any second job you get can be as flexible as you need it to be.

Don’t want to commit to a predefined evening schedule? You do not have to. You can sign up to drive for a ridesharing company and transport passengers around town at your convenience. Likewise, you can find other gigs that can be done remotely and at your own pace, like content writing, website design, or even data entry. It’s worth exploring your options, as earning a little more money on the side could make it easier for you to enjoy the summer rather than stressing out.

2. Sell things you don’t need

We all have things that take up space in our closets. Rather than letting these things continue to accumulate dust, try unloading them to the highest bidder.

Host a garage sale with friends where you sell your unwanted goods or list more expensive items, like electronics, online to reach more buyers. You can use sites like eBay for this, but with eBay you will pay a fee if your items sell. So you might be better off advertising the products you have for sale on social media, where you won’t be charged.

3. Use the right credit cards

The great thing about credit cards is that they reward you for the purchases you already make. If you upgrade your favorite credit card to a new one that offers more generous cash back on things like gas, groceries, restaurants and travel, you may be able to withdraw enough cash to cover your growing costs.

Some people are spending more money this summer because they go out more. For others, their bills are going up not because they changed their ways, but because the essentials of everyday life have just started to cost more. Whichever camp you end up in, do your best to earn some extra cash to avoid going into debt. So you can end summer 2021 on a high note.


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On consumerism: The Olympics will be played – because of the money | Weekend magazine https://r43dsfrs.com/on-consumerism-the-olympics-will-be-played-because-of-the-money-weekend-magazine/ https://r43dsfrs.com/on-consumerism-the-olympics-will-be-played-because-of-the-money-weekend-magazine/#respond Sat, 17 Jul 2021 04:00:00 +0000 https://r43dsfrs.com/on-consumerism-the-olympics-will-be-played-because-of-the-money-weekend-magazine/ By Arthur Vidro Why do many entities wait until the last minute to cancel events? Money. If the people hosting a convention cancel it (for whatever reason), that organization will lose the money it deposited as a deposit, may be contractually obligated to pay extra money, and will have to reimburse anyone who paid to […]]]>

By Arthur Vidro

Why do many entities wait until the last minute to cancel events?

Money.

If the people hosting a convention cancel it (for whatever reason), that organization will lose the money it deposited as a deposit, may be contractually obligated to pay extra money, and will have to reimburse anyone who paid to attend. In addition, he is unlikely to be eligible for compensation from insurance companies.

But if the event organizers wait until the host establishment or the city / state / national government containing the establishment mandates the cancellation of the event, then their deposits are refunded and the insurance will likely reimburse the organizers.

This is the tax context of most countries in the world. But not for the Olympic Games, which start on July 23 in Tokyo.

Japan’s borders have been partially closed for months, thanks to COVID-19. But the welcome mat was still available for all arriving Olympic staff.

Why are the games being staged despite the pandemic’s tightening grip on Japan? Money.

The games were originally scheduled for summer 2020. But when worldwide travel became virtually banned, the games were delayed for a year.

Note that the games have been delayed, not canceled.

Cancellation a year ago or now would cost powerful parties a lot of money.

There are many reasons to advocate for the cancellation of the games.

As of July 4, only 10% of the population of Tokyo had been fully vaccinated against the COVID-19 virus.

About 60% of Tokyo residents are in favor of canceling or postponing the games.

Japanese nurses spoke out against the games after Olympic organizers demanded that 500 of them be sent to provide volunteer medical services around the event. Note that this would keep nurses away from their usual patients – Japanese citizens.

Some medical experts have warned from the start that the Olympics could become a big-ticket event. New cases in Tokyo could be multiplied by five or ten. Allowing fans to attend would have presented a risk, not only at the venues, but by the virus circulating through commuter trains, restaurants and other public places. However, organizers waited until July 8 – the date on which the nation announced a new state of emergency – to decide not to allow spectators (except possibly sponsors and dignitaries; the ban on VIPs is different from the ‘ban from the public).

The new state of emergency for Tokyo is expected to run from July 12 to August 8, when it could be extended.

In May, nine Japanese governors called for the games to be canceled or postponed again.

Personally, I would have unplugged these Olympics four months ago.

However, neither the medical community, nor the governors or residents of Japan (nor the newspaper columnists) have a say in the matter. Once the contract has been signed with the International Olympic Committee (IOC), which chooses the host cities and nations from a menu of candidates, only the IOC can cancel or postpone.

That’s right; by signing the contract, the host country or host city waives many rights. Instead of governing themselves, they must now serve the spectacle we know as the Olympic Games.

The CIO exists to make money. It sells the rights to broadcast on television. It sells the sponsorship rights to the highest bidder. Why do companies sponsor the Olympic Games? Thus, their advertisements can claim “the official paperclip of the 2020 Summer Olympics”. Or official fly paper. Or official anything. And then the masses who let the ads influence their buying behavior will buy the sponsor’s product.

Over 3.6 million tickets have been sold. Organizers in Tokyo initially expected around $ 800 million in revenue from ticket sales; But the changes caused by the pandemic meant they wouldn’t even have achieved half that amount. Now, with the ban on all paying spectators, they will not be making any ticket revenue. Refunds will be required for all tickets.

The IOC doesn’t care. Ticket revenues go to the local organizing entity. Thus, the lack of ticketing revenue means a shortfall that must be filled by Japanese government entities. Which means taxpayers.

Depending on who you ask, the Tokyo Olympics will cost between $ 15.4 billion and $ 31 billion. Either way, only $ 6.7 billion will come from private entities. The rest will be paid for by the Japanese public.

The IOC derives nearly 75% of its income from the sale of television rights. Another 18% comes from sponsors. If the IOC cancels the Olympics – remember, they are the only ones allowed to do so – then the IOC will have to pay back all that TV and sponsorship money. The IOC would lose billions of dollars. As long as the planes are flying, the IOC will never choose to cancel.

Athletes cannot bring friends or family, with the exception of babies breastfed by these athletes. Participation will be limited to people with relationships.

However, limited or no participation is not a sufficient reason to cancel.

But public health is a good reason.

The Olympic Games will bring together 15,000 athletes and over 50,000 officials (including sponsors and dignitaries), as well as 70,000 volunteers. The matches will be played while the nation is under a government-ordered state of emergency. Japan can declare an emergency. But he cannot cancel the games.

If television (and streaming) had never been invented, the Olympics would not be played this year. But because of the money that can be made from our global addiction to watching screens, the games will continue.

Because it is sport and money, areas that are more important than health – at least for the decision-makers behind televised sports. The CIO will maximize its profit. The games will be played.

Regardless of the cost to public health.

Arthur Vidro’s “EQMM Goes to College” appeared in the May / June 2021 issue of Ellery Queen’s Mystery magazine.


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How to Make Money Aging Items in Kegs in Stardew Valley https://r43dsfrs.com/how-to-make-money-aging-items-in-kegs-in-stardew-valley/ https://r43dsfrs.com/how-to-make-money-aging-items-in-kegs-in-stardew-valley/#respond Fri, 16 Jul 2021 20:16:00 +0000 https://r43dsfrs.com/how-to-make-money-aging-items-in-kegs-in-stardew-valley/ Quick links From growing crops to raising animals, there are many ways to make money in Stardew Valley. In this guide, we’ll take a look at the drums. These simple wooden barrels will allow you to turn a mid-priced item into an expensive handcrafted good. Related: Stardew Valley: The 9 Best Handicrafts You can put […]]]>

Quick links

From growing crops to raising animals, there are many ways to make money in Stardew Valley. In this guide, we’ll take a look at the drums. These simple wooden barrels will allow you to turn a mid-priced item into an expensive handcrafted good.

Related: Stardew Valley: The 9 Best Handicrafts

You can put multiple items in drums, and it can be difficult to decide which one you want. Fortunately, we will see how to get and make casks, as well as the prices of artisanal products that are processed in casks.

Improvement of the cellar for the house

gamer talking to Robin in his shop

via Pineapplewhite / Reddit

The ability to use Kegs will first be unlocked when you upgrade your home to include a cellar. This is the third upgrade your home will receive and it will take some time to get.

To improve your house, talk to Robin. Unlike other upgrades, it won’t cost any material. Instead of, you just need to pay 100,000 g. It will take Robin three days to build the cellar, but you can start using it immediately after she finishes.

Initially, the cellar will contain 33 barrels. You can rearrange them as you like and even add more drums. Alternatively, you can convert the area into a storage room if you aren’t interested in using that many kegs.

Barrel manufacturing

player standing in children's room with drums placed

via joeay / steam

In addition to having the 33 barrels in your wine cellar, you can make more. These artisanal barrels can be placed in your cellar, but will not work well elsewhere. For example, in the image above you can see some kegs placed in the children’s room. However, in this area the drums will not work.

To craft a barrel you will need the following materials.

As you can see, it is very easy to make a keg. You will unlock this recipe when you get the cellar upgrade for your house. This means that before the upgrade, you cannot age any items.

What can you put in drums?

barrel filling cellar with finished products

via ruffy / steam

Kegs can hold a variety of items and in return will give you high-priced handicrafts. Let’s take a look at all the items you can put in kegs.

Items to be placed in drums Recipe
Wine Any fruit
White beer Hop
Beer Wheat
Mead Honey
Cheese Milk (normal or fat)
Goat cheese Goat’s milk (normal or coarse)

Wine, lager, ale, and mead can all be made in a keg. This is a craftable item used to brew different drinks. To craft a keg you will need the following materials.

  • 30x Wood

  • 1x copper bar

  • 1x iron bar

  • 1x oak resin

How long does aging take?

player standing near barrels still processing objects

via hecc / Steam

Overall, aging takes a long time. When you place an item in a keg, a star icon will appear with the grade. For example, if you put gold grade cheese in a cask, a golden star will appear.

As the item ages, the quality will increase. This will display on the front. Drums that are currently processing an item will also move a bit; similar to the action of the cheese press and mayonnaise machine.

For the most profit, you should wait until the star is purple for the quality of iridium. When this happens, the item will be “finished” and ready to be picked up.

If you want to get an item out of a keg sooner, just destroy it. Both the barrel and the item will appear in your inventory. If the quality of the item increases, it will appear in your inventory with a higher quality.

Below, let’s see how long it will take for all the items to reach iridium quality. These times are based on the lowest quality of each product.

Craftsman Good Days to reach Iridium quality
Wine 56 days
White beer 34 days
Beer 28 days
Mead 28 days
Cheese 14 days
Goat cheese 14 days

Price for older items

ancient fruit wine and carambola wine selling for a lot of money

A barrel can dramatically increase the price of an item. The majority of the goods that you place in barrels will sell for a flat rate, however, the wine depends on the original fruit used in the barrel. Let’s take a look at the prices of other handicrafts first.

Craftsman Good Base price Iridium quality award
White beer 300 grams 600g
Beer 200g 400g
Mead 200g 400g
Cheese 230g 260g
Goat cheese 400g 800g

As you can see, the aging of these products doubles their price.

Wine works a little differently though. The base price of wine is three times the amount of fruit added. For example, since grapes weigh 80 g, the base price of grape wine will be 240 g. The price of quality iridium wine will be double what, similar to the products above.

Grape wine with a base price of 240 g will sell for 480 g in iridium quality. Overall, it’s not very profitable. Inexpensive items like this aren’t the best for turning into wine. Basically you will have to wait two full seasons to make 480g.

With all the possible fruits, which one to choose to make wine with? The most cost effective options are carambola wine sold at 4,500 g and old fruit wine sold at 3,300 g. Be sure to check out our guide to the best fruits to use for wine as well. Try to make wine from top selling products to maximize your profits.

That’s all you need to know about using drums! Items such as beer and lager are not the most profitable given the time it takes to prepare them. Overall, you will get the best results with cheese and wine.

Next: Stardew Valley: Complete Guide & Walkthrough


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