There is a lot of misinformation online about personal finance, especially from all those amateur blogs. This is why you should read everything on the internet like you would drink a shot of tequila – with a pinch of salt. 😀 Today I will try to debunk some of the most common financial myths out there. Myth #1. Credit cards… Read More »
Brexit Raises Risk of Global Recession, Maybe After Britain voted to leave the EU last week stock markets around the world became very volatile. Two days after the vote $2.5 trillion were wiped from the world’s markets.? To put that into perspective that’s roughly the entire annual economic productivity (GDP) of the United Kingdom. George Soros, the investor who warned of… Read More »
This is a guest contribution from my friend Ben Reynolds at Sure Dividend. Sure Dividend uses The 8 Rules of Dividend Investing to find high quality dividend growth stocks trading at fair or better prices. Successful investing can be simplified into two aspects: Maximize returns Minimize risk Point one could not be more straightforward. The more money you… Read More »
What Does Risk Mean? It’s time again to learn about you, the readers. Awhile ago visitors of this blog were asked which word first comes to mind when they hear the term, “risk.” Here are the results. Thanks to everyone who voted. It appears most readers associate risk with uncertainty or opportunity. I would choose uncertainty as the first thing… Read More »
The level of financial risk we can tolerate depends on our savings: The less money we have the more risk we can afford to take on. If you have worked with a financial advisor before then you’ve probably seen a risk tolerance chart like the following. Each portfolio from A to D represents a different risk tolerance of… Read More »
One myth about investing in the stock market or any other market where prices fluctuate is that it’s risky. But people who know how to value a stock understand that it doesn’t have to be risky if they buy the right stocks at the right time. Volatility and risk aren’t always correlated. Some companies with steady growth such… Read More »