There is a myth in the personal finance world that the stock market is incredibly risky. Lots of people never get started because they feel that the second they buy their first stock, the market will completely collapse and wipe out their life savings. Technically, nothing is impossible. However, the odds of something like this happening are so rare that
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The allure of gold has fired the human imagination for centuries. A large part of gold’s value is tied up in its past. In how it kept it’s value across centuries, and increased its worth, thousands of times over.
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Bad credit can really take a toll on your financial position. Should you need to take out a loan or open a credit card, the situation will be very difficult as you struggle to convince lenders that you can handle credit responsibly. If you are lucky enough to find a lender who is more accepting of your creditworthiness, the interest rates will be very high.
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Ethereum’s cryptocurrency, Ether (ETH), works just like any other crypto. In order to trade it for other crypto and fiat currencies and use it to purchase things, you should have a proper wallet where you can keep your cryptos. If you’ve used e-wallets such as PayPal, then you’re familiar with how these things work. Still, there are a couple of
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If there’s a generation that will greatly benefit from the advances of financial technology, it’s the Millennial generation . However, on the other side of the same coin this generation has lived through the great recession and is now dealing with exponential growth of student loan debt.
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Newsweek says “Being a better person is the top New Year’s resolutions, according to a new poll from Marist College in New York.” Their findings show that about 12 percent of those surveyed want to become a better person in 2018. The same amount reported wanting to lose weight in the new year. Only 7 percent of those surveyed want to improve
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A commonly believed myth in the world of investing is that a large sum of money is a necessity to begin investing. This is simply not true. There are many quality investment strategies for persons that do not have or want to risk a large sum of money. Many of these strategies can be implemented with $5000 or less. Peer
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A big change in the financial industry took place with the advent of discount brokers. There were really two main methods to make money with other people’s money in the stock market. You could recommend stocks and bonds to wealthy investors and collect a fee every time your client bought and sold stocks. The fee ranged from 1% to 8%,
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2 problems with Bitcoin affected trading this past week. The first problem is scalability and the second is accessibility. Those problems made competitors appear more attractive. The first problem: Bitcoin scalability The problem with scale was supposed to be solved by the introduction of SegWit2X. Over the last few years, more Bitcoin users have flooded the network, and this means
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Thanksgiving is less than three weeks away. Have you given any thought to how the celebration will go? I love this time of year. Snow will fall soon. The house is warm with fireplaces and laughter. There is no need to run up a big bill for this holiday. Here are 6 ways to save for Thanksgiving
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