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October 2021

Finance

Investing guide for people looking to invest in Exchange Traded Funds

An Exchange Traded Fund (ETF) is like a basket that contains shares, bonds, etc. and can be traded on an exchange. It tracks an underlying index, either Nifty or Sensex, and holds assets in the same proportion as the index.

Looking to invest in ETFs? Here are some tips that could make your investments work for you –

  • An ETF fund could give good returns, but you as an investor should remember that not all investments provide positive returns. Hence, you should restrict your investment using limit orders where instead of waiting for a huge profit or recovery from a bad loss, the investment will be transacted at a good reasonable price that will benefit and save you from a loss. You need to set the limit on the order, and the rest will be taken care of.
  • It is advisable to begin trading a few minutes after the market has opened or before the market will close of the day. These are the periods when there is comparatively more volatility in the market. Following this advice could be beneficial in knowing the true value of stocks.
  • If you are not sure of the trade, you should seek professional help from the fund manager before investing big time. Essentially, an ETF is a market-based investment, and all market-based investments are subject to market risk. Any fluctuation in the market will impact an ETF, and though it is a diversified portfolio, there cannot be an assurance that it won’t incur a loss.
  • Always watch out for spread; a spread is a gap between a bid price and an ask price, where the bid price is the price on which investors are willing to buy while the asking price is the price on which investors are willing to sell. The difference between bid and ask is spread, which widens or narrows down according to market conditions. The transaction should be based on this spread as it determines the profit and loss of the investment.

These are some of the best ETF trading tips; however, if you are trading in an ETF for the long term, you should keep in mind its taxation benefits, brokerage charges, transparency of the trade executed by the portfolio manager and returns on investment promised by brokerage firms.

To make your ETF investments simpler and to explore more stock and mutual fund investment options, you could also reach out to a financial expert to curate bespoke financial plans that are in line with your risk tolerance, investment goals and horizon.

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Business

Building an On-Demand Medicine Delivery Service Like CVS and Capsule

Today, plenty of products and services are available online. People can place their orders, make payments, and then just wait for products to be delivered. Ordering medicines on the Internet is possible as well. Creating a convenient medicine application may turn into a pretty profitable investment because this will help increase sales.

What Is a Medicine Delivery App?

Such applications allow customers to pick and purchase medications right from the comforts of their homes. Customers can upload their prescriptions, contact a consultant, find attractive discounts, and more.

Helpful statistics on the medicine delivery app market are available here https://agilie.com/en/blog/how-to-create-an-on-demand-medicine-delivery-service-like-capsule-or-cvs. You can see for yourself that the demand for such services keeps increasing year by year.

The thing is that the use of special medicine applications is highly convenient.

Here are the main benefits of doing that:

  • Customers do not have to travel to any land-based pharmacy.
  • No need to be waiting in the queue.
  • An opportunity to find the right drug.
  • The possibility to catch attractive discounts.
  • Instant help from specialists.
  • Availability around the clock.

Of course, the popularity of such an application depends on its quality.

What Are CVS and Capsule?

CVS is a convenient pharmacy app. It has a nice red and white design and allows accessing a variety of features, such as:

  • Mobile payments
  • ExtraCare
  • Prescription information
  • Refill/pickup options
  • Curbside Pickup services

There are separate versions for iOS and Android users.

Capsule is an easy-to-use application that can be used to order medications and get them on the same day. It allows uploading prescriptions quickly and using different insurance plans.

How to Build a Popular Medicine Delivery App?

There are lots of things that you will need to think through to offer a high-quality application for your users. In particular, you should take into account the following matters:

The Type of Application

You have two main options. The first one is offering services from a particular pharmacy. This option is suitable for owners of online pharmacies who want to attract more customers.

You can also work as an intermediate. In this case, you can offer products from a variety of pharmacies.

Mobile Platform 

Android and iOS are the two most popular mobile platforms. The applications for each of them are developed separately because they need different programming languages and tools.

You can create applications for both platforms or choose one of them. Another option that you have is to develop a cross-platform app that will work on different platforms.

Features 

It is essential to pack your application with useful features, which will ensure a brilliant user experience.

Some features for shopping may include:

  • Registration
  • Account management
  • Upload prescription
  • Advanced search
  • Filters
  • Medicine details
  • Drug ordering
  • Online payment
  • Reviews and ratings
  • Contact options, such as a live chat

Features for delivery include:

  • Tracking system
  • Delivery updates
  • Push messages
  • Others

Design 

The design is about choosing the theme, colors, and layout. It is essential to make sure that all the elements are clearly visible, navigation is convenient, and color choice is not frustrating. You can have a look at similar applications to get the right ideas on that.

Development Company 

Once you have the main ideas, you need to find a professional development company that will be capable of fulfilling the project for you.

The development process will consist of the following stages:

  • Design
  • Development
  • Testing
  • Launch

Earning Money 

The main source of income will be through purchases made within the app if you are the owner of the pharmacy. If you are an intermediary, you can earn commissions from businesses, advertising, referral programs, and more.

Bottom Line 

Building a high-quality medicine delivery application can be pretty profitable. You do not necessarily need to be an owner of the pharmacy to earn money from selling medicines. If you have a pharmacy, building a good application will surely help generate more money.

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Insurance

3 Dos And Don’ts When Buying Online Insurance Plans

The online availability of insurance products has made the buying of general insurance an easy process. Now, you can get an insurance policy with a few clicks at your computer, even in the middle of a busy day. However, if you are buying online insurance for the very first time, you may need a bit of help and guidance. To set you on the right track, here are a few dos and don’ts that you need to keep in mind when buying coverage online.

DOs when buying online insurance

Make sure to follow these 3 DOs when you buy insurance online –

  1. DO compare plans across providers

When you opt to buy an insurance plan online, you are essentially in the driver’s seat. While you get full control over the plans that you select, you are also responsible for your selection. This means that you choose your plan minus the guidance of an agent. To ensure that you make the right choice, compare plans across a few insurance providers.

  1. DO read customer reviews

It is advisable to know what other people have to say about a particular insurance company. For instance, if you are buying a plan as important as home insurance online, make sure to compare the extent of coverage offered across a few insurance companies. This way, you will know that you are getting your money’s worth.

  1. DO check the claim settlement ratio

The claim settlement ratio tells you the percentage of claims settled by the insurance company (total claims settled over the ones received). A good ratio indicates that the insurance provider is a reliable one.

DON’Ts when buying online insurance

Make sure to keep the following DON’Ts in mind when buying insurance online –

  1. DON’T let someone else fill up your details for you

When going through the process of buying insurance online, make sure that you fill up all the details yourself. For instance, if you are buying online travel insurance, do not let an assistant at work fill up your form for you. If they make any mistakes in the details, you might face hassles later on when raising a claim.

  1. DON’T neglect going through the fine print

While it is important to know what your plan covers, it is equally important to know what it doesn’t cover. Before going ahead with the purchase, make sure to read every detail of the policy wordings carefully to see what the exclusions are.

  1. DON’T give false information

Finally, always be truthful when filling up any details for your insurance policy online. Never attempt to hide information or withhold any information. For example, if you purposely withhold information about pre-existing diseases or habits like smoking, your claims may even get rejected in the future. Remember that your insurance provider can only help you with the right information.

With these DOs and DON’Ts in mind, we are sure that you will make the right choice when buying online insurance.

All the best!

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Finance

Capital Solutions for Life Science Innovations

If you have an idea for an innovative new healthcare product, either a drug or a piece of equipment, or a therapy, you will need capital to develop and market that product.  At SWK Holdings we specialize in providing capital to life science businesses that are developing new ideas.

Often, a life sciences company will find it difficult to obtain capital in the usual ways.  For example, when trying to develop a new medication, a scientist cannot offer up the usual collateral that a bank or a traditional loan company would require to secure a loan.

Different Stages in the Development Process

Pioneering a new drug requires inventive capital solutions.  Most people believe that pharmaceutical companies are rolling in money so they should have no problem footing the bill for new therapies.  Whether or not that is true, the pharmaceutical companies don’t get involved in developing new drugs until close to the end of the process.

This discovery phase of drug development does not have such a need for capital solutions. The National Institutes of Health and other federal government entities have historically provided funds for the discovery stage.  In addition, state governments have lately been more involved in funding the discovery part of drug development.

At the other end of the process in the late-stage development time frame, is where pharmaceutical companies get involved and put their money into the development of the drug.  Again, the scientists won’t need capital solutions at this stage.

The Capital Gap

The time between the initial discovery research and the late-stage development is the time when novel capital solutions become critical. Sometimes charitable foundations will fund this stage because they are looking for drugs for a rare disease.  But most doctors, scientists, and life sciences companies are left to look for funding on their own.

A smaller biopharmaceutical company that wants to develop a new medicine must also look for a financial company that can offer advanced types of capital solutions for the middle part of the development project.

Since investment companies are not subject to the same regulations as banks are, they can typically do things that banks can’t do. They can individually tailor their loans to companies.

Asset Purchase

One of the ways an investment company can help out with innovative financing solutions is to purchase the asset.  Sometimes an investment company may purchase the drug being developed and fund it to market when it is ready.

Structured Financial Products

When a life sciences company needs major capital, it can seek out a structured financial product from a specialized company that focuses on life science innovations.  This type of loan would not be available from a conventional bank.

Structured financial products usually involve combining financial assets, and then selling these financial assets to investors.  One structured financial product is a credit-linked note.  This loan is structured to shift some of the risk of the loan over to the investors.  In return, the investors enjoy a high rate of return because their investment is riskier.

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