Investing made simple. Where should you invest? Information on stocks, mutual funds, index funds, retirement accounts and more. Also be sure to check out our complete guide to investing.
Financial investing follows several straightforward principles to ensure your investments increase in value.
To put it simply: you make sure you understand what you invest in, you don’t put all your eggs in one basket and you never risk more than you can afford to lose.
However, the world of investing is a little bit more complicated than that and it is easy to make mistakes when you first start out.
In this post, you will be introduced to five common investment mistakes and how to avoid them.
Your twenties are an important time for a lot of reasons. It’s usually when you’re finishing college and stepping into adulthood. It’s also when you start to build the foundation for your relationship with money.
When you hear stories of people who’ve ruined their credit or are drowning in debt, you’ll usually find that it started in their twenties. On the flip side, the people that end up doing well later on in life had a good foundation to start off on, and it carried on with them for decades.
So how do you avoid ruining your finances early on in life? Follow these 20 tips to get your finances in order in your twenties!
Interest rates are plummeting again and this is bad news for those who want to live on a fixed income in retirement. Ten years ago the ten year treasury yield was above 5%. Today it sits at 1.7%, which is below the rate of inflation.
As the notorious April 15th tax filing deadline looms closer, you might want to take the opportunity to figure out how you will choose to maximize your tax refund. You certainly have a wealth of options – including a nice splurge – but there are some options that you might want to take that will repay you for years to come.
To become a millionaire by your 30s is possible, and you do not need to invent a new generation of Facebook or Snapchat, or win the lottery’s grand prize. Many ordinary people did that just with their strength of will and hard working!
To help you reach that incredible seven figure number today we are going to give you five tips, actually tried of by people who became millionaires at a young age. However, we can’t guarantee that you will indeed become rich if you follow these tips, but they certainly won’t reduce odds of that happening either.
If you have never considered buying a holiday home before, now could be the perfect time. Spain has some incredible destinations including the famous Marbella on the Costa del Sol where you can purchase luxury villas at excellent prices. These can serve as incredible holiday homes for you to visit any time of year.
But the reason a Spanish property can be such a smart investment is that there are so many options with what to do with your villa moving forward. Here is why you should choose a holiday home in Spain as the place to put your money.
If you are financially secure and have assets you wish to pass on to your family when you die, planning for inheritance tax (IHT) is key. As it stands, by law you can leave an estate worth £325,000 tax free. Anything above that amount will be liable to a flat 40% IHT rate.
This might mean that your family may have to sell the family home or, in any case, be unable to benefit from a large portion of the wealth you have accumulated over a lifetime.
If you are worried that this could be a likely scenario for your family, an Asset Protection Trust is definitely worth looking into. Why not discuss this flexible estate planning tool with your solicitor to see if it could be right for your situation?
There is a new investment vehicle in town that is turning out to be very fast to learn and promised to give very high returns. But as usual, it has its own risks since you might end up losing your money when trading just like in any other financial market. I am talking about binary options trading; which is catching up with many millennials as a very easy way to earn an extra income without much ado. However, before you burn your fingers in this new lucrative source of passive income, you first need to learn how to trade binary options from the experts.