Why People Engage in Foreign Currency Trading

By |January 2nd, 2019|Categories: General Personal Finance|

The global market requires individuals and businesses from all over the world to trade in currency in exchange for the other. According the Bank of International Settlements (BIS), participants in the global market trade more than $15 trillion U.S. dollars worth of currencies per day. This is unsurprising considering the market is constantly moving regardless of time and date. The

ETFs vs Stock Trading

By |December 21st, 2018|Categories: General Personal Finance|

After the 2008 financial crisis, the demand for ETFs had skyrocketed. According to statista.com, in 2018 the value of assets managed by global Exchange Traded Funds is estimated at $4.46 trillion. Because of that, today we will discuss the differences between ETFs and stock trading and hopefully, you will manage to make the right decision for investing your money. It

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$30 Trillion Will Pass From Baby Boomers to Generation Z Via Inheritance Money

By |December 13th, 2018|Categories: General Personal Finance, Personal Finance Tips|Tags: |

Many people believe to truly appreciate its value and purchasing power, money should always be earned. When money is earned, it is easier to understand the value in saving and/or investing it. However, the ability of one generation to sustain and pass on a family fortune to another is a quality that defines said generations. Accordingly, the young Generation Z

How the Iran Regime Will Affect the Markets in 2019

By |December 10th, 2018|Categories: General Personal Finance|

Oil prices and the equity markets have been trading on the defensive since the beginning of October with many geopolitical issues generating price volatility. Issues related to the Iran regime have been generating chaos on both the oil and equity markets.  The US pulled out of the Iranian nuclear deal in February of 2018, pushing oil prices up to $80

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Bankruptcies Dropping Among Young, But Growing For Seniors

By |August 28th, 2018|Categories: Blog, General Personal Finance, Personal Finance Tips|Tags: , , |

New Study Shows More Retirees Unable to Stay Solvent Bankruptcy is a painful process at any point in life, but it’s especially excruciating when you are at or near retirement age. There’s no time to recover and build retirement income.

Use This 3×5 Card to Advance Your Financial Life

By |July 27th, 2018|Categories: General Personal Finance, Personal Finance Tips, Stocks|Tags: , |

How much information do you think you would need to change your financial life? How many classes would you need to take? Or how many counseling sessions would you need to have before you felt you could handle your personal finances? As a previous financial advisor, I met more than my fair share of clients that could have used hours and hours of my time and never really got their finances in order. So maybe simple is better. So let’s use this 3×5 card to advance your financial life.  The card was written by University of Chicago Professor Harold Pollack who basically says that the best personal finance advice is simple and available for free at your local library.

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Side Hustle Options When Money is Tight

By |July 20th, 2018|Categories: General Personal Finance|

When life becomes extremely hectic and money is tight, it can be extremely difficult to keep up financially. While personal loans for individuals are always an option to consider in the event bills are overdue and payday is a week away, another way to solve the problem is with a secondary source of income. There are some side hustle options

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These Vacation Scams Will Threaten To Ruin Your Good Time (And Your Bank Account)

By |May 1st, 2018|Categories: General Personal Finance, Personal Finance Tips|

Approximately 96% of American workers say vacation time is important to them, so it's not surprising that it's something a lot of folks spend their spare time daydreaming about. But before you book a getaway of any kind, it's important to do a lot of research first. In the digital age, vacation scams are becoming harder to spot -- and it's costing

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Buy a Sports Star or Make the Forbes 400 List? How to Visualize Large Sums of Money

By |March 13th, 2018|Categories: General Personal Finance|

Everyone would love to have a huge amount of money to spend but not all of us are able to visualize millions or billions of dollars. How can you do this more easily, and why does it even matter if you can do it or not? To start with, being able to imagine large sums of cash is important if

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How Interactive Brokers Can Make Sense for the Aspiring Day Trader

By |February 11th, 2018|Categories: General Personal Finance|

When searching for a way to make extra money and you alight upon day trading, you need to investigate what kind of trading platform makes sense for you. That is where Interactive Brokers comes in. When you look at daily average revenue trades, IB is the largest online broker in the United States. Plus, it is the largest forex broker

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