Category List For: Investing
« Previous EntriesForex Trading
“Forex” – sometimes capitalized “FOREX” and often abbreviated “FX” or “spot” – stands for the “Foreign Exchange market” that is actually the largest financial market in the world. Most people on the street are completely unaware of this marketplace, although it does a daily trading volume of over $2 trillion. Compared to the $25 billion daily volume of the New York Stock Exchange (NYSE), Forex trading really is gargantuan. Read More…
Roth IRA
Named after the late U.S. Senator William Roth, the Roth IRA was created by the Taxpayer Relief Act of 1997 and became available for use on the first day of 1998. It is a variant of the Individual Retirement Account (IRA) that had been in use since its own creation in 1974 as part of the ERISA (Employee Retirement Income Security Act) amendments to the tax code. Read More…
401K
Until 1982, if someone told you that you could get “free” money from your job, lower your taxable income, have an automatic savings plan and relieve you of retirement worries, you might think you were hearing about their financial dreams or fantasies. The creation of 401(k) savings and investment plans, however, made it all come true. Read More…
Financial Planners
A financial planner is a qualified professional who specializes in helping clients reach long-term financial goals through resource management. As the market for financial planners has grown highly competitive in recent years, the exact services financial planners offer might vary from case to case, but the advice they provide will likely cover any number of the following areas: cash flow management, investment planning, education planning, retirement planning, insurance planning, tax strategies, estate planning, risk management, and (for business owners) business succession planning. Read More…
Trading Software
Trading Software is used to give investors a hypothetical look at their trading strategies before they trade on them. Though the specifics may vary depending on the company, the basic blueprint of trading software remains loosely the same from program to program.
First, investors input data about past trends in the market of their choice, generating an in-depth graph of the stock’s performance over time. Investors can then input their proposed trading strategy and the trading software in turn generates a performance analysis charting the success (or failure) of the investment strategy, based on the past performance of the market. While by no means absolute, trading software can give investors a likely idea of what sort of fruit their trading strategy will bear. Read More…
Retirement Planning
Retirement Planning truly begins with the self-motivation and self-discipline necessary to planning well in advance for retirement. It’s hard for any of us to concern ourselves with what may happen twenty or thirty years from now, especially when there’s financial concerns weighing on us everyday. However, be concerned.
More and more people are living longer and retiring earlier; depending on your profession, you could potentially spend a quarter, even a third of your life in retirement. Factor in the ups and downs of an economy over that span of time and it quickly becomes apparent that having a suitable nest egg is considerable a priority. Read More…
Money Market Accounts
Money market accounts are a type of savings account offered by banks and credit unions, and operate in much the same vein as a regular savings account. The major difference between a savings account and a money market account is that money market accounts pay higher interest, have higher minimum balance requirements (as high as $1,000-$2000), and limit the number of withdraws that you can make each month. Read More…
Personal Financial Freedom
Personal Financial freedom is a term that often gets defined in different ways. For some, financial freedom means reaching a point in life where you no longer have to work to earn the money to cover your expenses. For others, “financial freedom” simply refers to any margin of money between your income and expenses that you are free to spend as you wish. Whatever your definition, financial freedom is the carrot that is constantly dangling overhead as we try to get a firm grip on our finances. In this article, we will try and give you some tips to get you on the way toward achieving your dream of being financially free. Read More…
Stock Trading
One of the bolder claims made for the Internet – the “information superhighway” – is that it is a “democratizing” technology that partially redresses the imbalance between the individual and The Powers That Be. It is hard to gauge the effect of downloading, texting and chat-rooming in the public square, but in the private sector people have pretty much stormed the gates of the financial markets with their Web browsers, and stock trading will never be the same. Read More…
Investing Advice
With the advent of the Internet and online brokerage firms, somehow the idea was spread that everyone could be a stockbroker (”day trader”) and make money buying and selling paperless holdings. Nothing could be farther from the truth, of course. As always, getting good investing advice is a complicated, tricky matter that must be undertaken with the greatest seriousness and care. Read More…
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