Finance

How easy is it to make money on the stock market

How easy is it to make money on the stock market? Trading on the stock market may seem confusing for a beginner, but it’s proven to be one of the most consistent ways to make a profit. In this era of low interest rates, more and more people are considering whether they could benefit from stock market trading. However, in order to do this successfully it’s vital you understand the market and invest your money wisely. While stock trading can prove very lucrative, no profit can ever be guaranteed and you should only invest money you can afford to lose. Professional hedge fund investors only get it right around 60-65% of the time, but these individuals put in 100 hour work weeks and eat, breathe and sleep the financial markets. It isn’t easy to make money on the stock market, but it is possible. If you want to earn big…

Comparing the spending habits of every generation

There are a lot of preconceived notions and stereotypes around the spending habits of each generation. Many of us are barely getting by from payday to payday, it can be hard to justify spending any extra money. But it can be easy to point the finger at other generations and judge their spending habits. Boomers and Millennials often have a lot to say about each other’s habits. Swiftmoney has done an interesting study, revealing some surprising facts about each generation. For some reason, Millennials have a bad reputation as being bad at handling their money. This may be because the tough home ownership statistics and focus on enjoying life has caused them to be seen as an irresponsible generation. It turns out that 82% of those aged between 18 and 24 would say no to a night out if they were low on money. Compare that to the 35-44 year…

Previewing the Preakness Stakes

(Image Credit: Wikimedia Commons) The Kentucky Derby is done, and next up on the racing calendar is the Preakness Stakes. Will the winner be a familiar face from the first leg of the Triple Crown or will a new thoroughbred prevail? Could Always Dreaming, the winner at Churchill Downs, be standing in the Winner’s Circle yet again when the dust settles? Here is a look at the top contenders to win the Preakness this coming weekend, as racing fans wait to see if the Triple Crown dream will be in play for the Belmont Stakes. Always Dreaming The winner of the Kentucky Derby, Always Dreaming, is the odds-on favorite to win the Preakness. Experts cite his speed and endurance, especially at long distances. According to the Bleacher Report, his Kentucky Derby run was a “perfect race.” After a fast start, he stayed out in front, lead into the turn and…

When You Should Use Credit and When You Should Avoid It

We all need credit from time to time to pay for the things we need. Maybe it’s an unexpected expense, and we don’t have the savings to cover it. Or maybe we don’t have the money, but we need to buy something essential, like braces for our kids or tuition to go back to school. Yet taking on too much credit can cause financial problems. Good financial health doesn’t mean avoiding credit entirely. You just have to know when getting a line of credit is the wise choice and when you should look for other funding sources instead. Here are some examples on both sides: When You Should Use Credit Buying a House or Starting a Business If you had to wait until you could save up enough money to buy a house or start a business, you’d never do it. By the time you had enough money, you’d be…

How To Stay Safe When You Manage Your Finances Online

Think for just a moment about how many things you manage online in terms of your personal finances. You likely take care of monitoring all of your accounts including checking, savings, and investments, as well as paying bills, managing credit cards, keeping track of insurance premiums and much more. That’s a lot of personal financial information floating around in cyberspace, and while it can be incredibly convenient to manage your finances this way, there are also things you need to do to keep yourself safe. The following are some of the best ways to protect yourself across all the ways you might manage your finances online. Be Careful With Emails If you send emails back and forth that could include any financial information, make sure you’re taking a lot of precautions. It’s relatively easy to hack into email accounts, and if you are the victim of an email breach and…

8 Vital Habits to Start Saving Money in Your 20s

Start Now A lot of people with great money saving habits have been taught to keep some money for a rainy day. Even those who haven’t been taught, learned to use this opportunity. Smart savers will never procrastinate useful financial decisions and will jump on every opportunity, such as retirement savings plan at their work. Save for Retirement It may sound pretty obvious, however, many financial advisers repeat these words because it concerns your future. So it’s not a completely new advice, but saving 10% of your salary each month right into your retirement account will do you good. Create a Budget It is a great opportunity to become a real money saver when you start making your honest written spreadsheet or chart, which you will update regularly. When people can’t provide their monthly budget, it means they have a problem with money. As a result, until you don’t know…

3 Top Trading Styles

There are a few different styles when it comes to trading and it is important to choose the one that best suits you and your personality type. Here we will look at the 3 top trading styles – day trading, swing trading and momentum trading and discuss the pros and cons of each. Day Trading Day trading is a good solution for those who are looking to trade over a short time frame. Day traders tend to look at price movements over minutes, hours or days. While the shorter period of day trading will give traders access to more trading opportunities, this will also require much more regular monitoring of your positions, which some traders could find stressful. Similarly, sudden and volatile price changes which are common with day trading, may be stressful for some traders. Another advantage of day trading is that through the use of technical analysis it…

How to make sure your event is a success

If you’re planning an event, it can be easy to get slightly overwhelmed by all of the things you need to do. After all, if you miss a key aspect of planning, your event may not be a success. Here’s how to make sure your event is a success: Start planning First, you need to consider the goals of your event. Are you aiming to raise money? Raise brand awareness? Or simply ensure that everyone has a good time? Now you need to make a checklist of all the things you’ll need to do. Don’t be surprised if you’re adding to this checklist as you’re crossing things out, but keeping all of the details in one place is a good idea. If you’re the digital type, consider using an online system like Google Docs or Trello. Make your budget Your budget should be very specific, and should include any opportunities…

How to Finance a Self-Build Project for Individuals and Businesses

The decision to undertake a self-build project is undoubtedly a major one, especially if you are building for your business. Funding such a project may certainly seem daunting at first, especially if you have no previous experience. Here are a few financing options if you are considering undertaking a self-build project. Get a Loan Probably the easiest option, and the one which will be used by most people. Companies like Saffron Building Society offer Self Build Mortgages which are specifically geared towards self-build projects. These loans, rather than giving you the money in one go, release the funds you need in instalments as the project develops, so you do not pay interest on money you are not using. This is useful if you are running a business, as it means you do not have to worry about large loan repayments getting in the way of business investments, but you do…

Looking for a high-end condo investment in Miami?

Whether your budget is in the $200ks or $1m+, Miami is jam-packed with high-end condos that will help you grow your portfolio. Here are a few residential developments that are well worth looking into for your investments: Marina Blue This 57-story condo was developed by Arquitectonic and is located in Park West, an exclusive neighbourhood in Miami. With 515 lofts and unit residences, Marina Blue has something for everyone, with each apartment featuring floor-to ceiling glass windows and doors, direct water views, stunning European-style kitchens, large walk-in closets, and bathrooms featuring double sinks and marble floors. You’ll also find a business centre, volley ball court, yoga room, and oceanfront gym, and units start from high $300ks. Muse Residences With just 68 residences (2 on each floor), Muse Residences offers two and three-bedroom apartments which start at 2,360 square feet. You’ll enjoy state-of-the art technologies here, along with an incredible destination…

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