The Secret Formula To Improving Your Finances is Mindset
Let’s be honest, when it comes to personal finance…you either love it or hate it. But in the end, it’s a…
Why You Absolutely Need Identity Theft Protection
Chances are, hackers already have your personal information. You may be very careful with your information, but you can't control what…
10 Ways for You to Make Money Online
1) Review Amazon Products Amazon offers commission for sales of its products. Depending on the volume you push, it can be…
Tips on Frugal Living
Too often in our society we are told, either subliminally or outright, that having massive material wealth is the key to success, and therefore the key to happiness. The “people who matter,” are paraded in front of our eyes on TV and in the press with the biggest houses, the shiniest cars and the hippest clothes. (Lest we forget, they are also often paraded in front of our eyes with the biggest drug addictions, the most dysfunctional families and the longest criminal records.)
Why Having a Credit Card Can Be a Good Thing
Credit cards. Those magic “all inclusive” passes to the world of buying things you can’t really afford with money you don’t actually have. I know I’ve warned you before about the evils of credit cards and credit card debt, but in the interest of fairness, there are always two sides to every debate, so to be fair I’ll tell you some of the reasons why having a credit card can sometimes be a positive decision.
How to Buy a New Car for the Best Price Without Negotiating
The car buying experience can be exhausting. The research that goes into it and the pain of dealing with car salespeople takes a lot out of you. But it doesn’t have to be cumbersome and painful experience. You don’t have to deal with salespeople, negotiate with the dealership, and do all that much research thanks to the power of the internet. Instead, we can use an old economic theory to help us buy a car for the lowest price possible. The theory is called “game theory” and it lets us get the best price possible on a new car without ever stepping into a car lot to negotiate with a car salesperson. The method described below should take 1-2 hours at most once you have narrowed down the car you want.
Fundamental Analysis vs. Technical Analysis: Similarities and Differences
To significantly gain from investing in stocks, one has to be equipped with different strategies or approaches. The two main schools of thought any amateur investor needs to be familiar with are fundamental analysis and technical analysis. Each approach has its own advantage. But how do these differ from each other? An investor would want to know which can be the faster way to earn from the stock market. What type of analysis should be used if an investor is looking for a long-term investment? Read through this article about these two major approaches that are used in analyzing stocks and other securities to find out the answers to these questions.
Why You Should Start Investing as Soon as You Get a Job
If you are at the prime of your career, you probably do not worry about the future that lies ahead of you. You have this “devil may care” attitude towards handling your finances, not caring about setting anything aside for the rainy days. Such is where the landscape should change. Now is actually the best time for you to prepare for your retirement and what might come in the years ahead. Think that you are too young to think about retiring and saving for the future? Here are several convincing reasons why you should start investing as the soonest possible time.
How Interest Rates Work
If you want to purchase something now but do not have the cash to spend, what you can do is to borrow it. This borrowing does have a cost though, it is called interest. It is an amount that you have to pay on top of the money you have loaned– the principal amount. The rate of interest is often expressed as an annual percentage of the principal. To illustrate, if you have borrowed $1,000 with an interest rate of 10 percent per year payable after a year, you will pay a total amount of $1100 at the end of the year. Loans can be short term or long term, hence the borrower is said to pay either short term interest rates or long term interest rates.
Is The Buy And Hold Strategy Dead?
The buy-and-hold strategy of stock investing has long been the mantra of sustainable portfolio growth. The basis of the strategy is to buy a good company and hold onto it for years until it turns a profit—because it is a good company and the average stock return historically has been 8-10%. The best investors have long advocated this strategy, from famed value investor Benjamin Graham, to billionaire Warren Buffett, and to pretty much any traditional stock investing book you pick up.