Day traders buy stocks on the market and sell them the same day for a profit. A professional day trader takes advantage of the minor price changes on the market within the same day. If you are a stay -at-home parent and you have a computer, high-speed Internet and some money to invest, maybe you […]
5 Risky Investments That Almost Never Pay Off
Everyone has dreams about undertaking risky investments that pay off and leave them with enormous wealth. However, there are a few investment strategies that almost never pay off. Here is a look at five risky investments you should avoid at all costs. Alternative investments Alternate investments, such as long/short equity funds, managed fixtures funds, market […]
Recommended Financial Reading: The Turtle Always Wins
I’ve long been a fan of Bo Sanchez, dating back to when I was a high school student. I read Kerygma on a regular basis. And one of my long-standing dreams back then was become one of the magazine’s contributors. Today, I content myself with reading what Bo has to say, both on the spiritual […]
Investing 101: The Rule of 72
The Rule of 72 is a quick mental calculation, or a rough estimation, of the length of time, usually in years, for an amount to double given a fixed annual rate of interest. This is generally used for financial forecasts, especially in investments. This rule applies the law of compounding interest. To explain, compounding interest […]
Investing 101: Mutual Funds
People who have done it, Paul Navone and Warren Buffett themselves included, attest to the fact that becoming rich entails following three simple steps: SAVE, INVEST, REPEAT. Well, yes, that has to be it since the majority of us were not born with a silver spoon, and would have to be ready to roll our […]