When you’re trying to get good at something, always learn from the best.
Whether you’re just getting started with investing your money or are already a well-seasoned and sophisticated investor, you could always do with a few lessons taught by some of the best of the best in the financial world.
When most people start investing, their journey often begins with reading up about Warren Buffett. Buffett’s compounded annual return of about 20% over the course of his 50-year career, as Berkshire Hathaway’s chairman, is the stuff of legends.
But he isn’t the only one on the rich list who has made his fortune solely off the back of investments made over the years.
There’s a growing number of hedge fund managers whose talents have not only made them enormously wealthy, but also landed them on the prestigious Forbes Rich List. Many of these managers are billionaires and their investment styles vary greatly from the long-term value investing mantra of Buffett.
Here’s a list of the top 5 richest hedge fund managers and the lessons you could learn from them…
Nearly half of Americans make New Year’s resolutions, but only 8 percent of us keep our promises, according to a survey by the University of Scranton.
Top reasons (excuses) include lack of money, lack of opportunity and – almost everyone’s sticking point – lack of time.
If you’re determined to realize your goals this year, check out some frugal ways to achieve the top ten resolutions…
One of my biggest woes in life is the money it costs me to keep my car ship-shape.
It seems every time I take it to a workshop, they find things wrong that I never even heard of. Things that end up costing me money I hadn’t planned spend—not now, anyway.
So I figured there had to be a better way to do basic repairs, and save not only the cost of the materials and labor but also the “extra” things mechanics always seem to uncover.
Here are 5 easy at-home car repairs…
Nearly 3 billion coupons are redeemed each year.
And it’s not just for electronics, clothing and household products.
Look hard enough and you can also find discounts on things you never imagined have discounts (or need them).
Here are 12 of the more unusual picks:
American citizens who live abroad are known to face some rather unpleasant financial surprises when they get back to the US.
While spending responsibly when outside the US, their lack of U.S. credit activity often deprives them of new credit cards or loans being issued to them.
Opening a bank account can also be really tough.
American expats tend to be completely unaware of how they should manage their existing credit cards while they live abroad, and there are few identifiable mistakes they usually make.
Here on some of the mistakes expatriates make when using credit cards…
We always hear that some people have just made a huge profit on certain type of investment and think if we could make the same kind of money, too.
It is all good dreaming about how good you would be and how much money you would earn. However, some people make money regardless of markets going up or down.
They actually can make even more money when the market is crashing if they know when to short certain stocks as we discovered in recent crises with banking stocks.
When it comes to investing in classic cars there are a few obvious potholes anyone can fall in…even the seasoned dealers. They are easy to fall in love with, be sentimental and being cars, they have many associated problems.
Here are 5 tips to help you decide if you would be a good classic car investor or it is not definitely for you…
Most youngsters think that they do not require life insurance, and hence, they ignore it.
They neglect the benefits it offers them because they feel it’s not meant for them, so they simply take it because of statutory tax deductions.
It is okay for them to feel that way, especially if they don’t have familial responsibilities.
However, they should remember that there are different impacts when they take this type of policy during the different stages of their lives.
A life insurance policy offers you more benefits when you take it at the age of 40 as compared to when you take at the age of 25.
A 20-year life insurance policy that you take when you’re 25 years old would greatly help you during some days when you have financial needs when you are 45 years old, such as the higher education of your child. However, the same policy may not be very helpful to you when you are in your 60s if you take it when you are 40 years old.
The following is an analysis of the best time for you to take life insurance…
Your credit score can tremendously impact your day-to-day life.
For Example, your credit score can affect everything from obtaining a mortgage to getting a new job. This is something that most people know. But what everyone doesn’t know is how exactly your score is calculated.
The reason that this isn’t common knowledge is because the credit bureaus do not tell you exactly how they calculate your score.
Even though we do not know the exact equations used, we do know what factors can have a tremendous impact on your credit score. For example, settling your debt can impact your credit score.
Let’s see exactly how debt settlement affects your credit score…