Finance Advice that Could Benefit You in Later Life

Finance Advice that Could Benefit You in Later Life

With the UK economy still in recovery and a volatile stock market, many people are more concerned than ever about securing their financial futures. Whether you are just starting your career or looking to retire in a few years, there are steps you can take that may pay off down the road. The following is essential financial advice that could benefit you in later life. Know Where All Your Money Goes This starts by making a detailed monthly budget and sticking to it. There…

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Alternative Funding Options for Your Business Venture

Alternative Funding Options for Your Business Venture

You probably guessed it – the option to which business venture funding alternatives are most sought is getting a bank loan. While making for a seriously bitter pill for entrepreneurs with a bright idea to swallow, the bottom line is that in order to get financed by a bank, especially for something like a business venture, you pretty much just have to prove to them that you don’t need the money you’re trying to borrow from them. That’s perhaps a…

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Exploring the Financial Lifecycle of a Cash-Cow Industry

Exploring the Financial Lifecycle of a Cash-Cow Industry

In every generation there’s at least one event or one product which changes things around completely, making a few people extremely wealthy while spawning a lot of secondary markets which run parallel to whatever that major paradigm shift is. It happens in just about every area of our lives, from solving a problem which is associated with our basic needs to even something like entertainment. Major events, discoveries, inventions etc. such as oil, the VCR machine, the internet etc. are…

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Investing Vs. Trading

Investing Vs. Trading

Due in large part to the booming online trading market, people often get confused about whether what they’re doing via their online platform of choice is in fact trading or investing. The lines become blurred a bit when brokers operating an online trading platform offer both of these financial instruments with which to buy and sell securities. The lines are blurred further when one takes into account the fact that someone using these financial instruments can indeed be both a…

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Is it Worth Getting into Cryptocurrencies?

Is it Worth Getting into Cryptocurrencies?

If you had invested in perhaps the most popular cryptocurreny, Bitcoin, a mere three years ago or so, you’d be smiling right about now because Bitcoin has indeed grown quite nicely in its valuation against fiat currencies. There are many other cryptocurrencies which are fighting for their share of the market, all making use of what appears to be a revolutionary way of making use of the rather simple concept of a publically available ledger, otherwise known as the blockchain….

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Online Trading – Who Makes the Real Money?

Online Trading – Who Makes the Real Money?

Have you noticed how over the last couple of years or so, there seems to have been a serious spike in the number of online trading platforms? In addition, more airtime on business channels seems to be allocated to shows about trading and investing, particularly trading and investing in the stock markets, whether directly (buying shares) or indirectly (trading derivatives). It’s not just a coincidence and good on you if you have indeed noticed what seems to be a serious…

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Shouldn’t ALL Economists Be Rich?

Shouldn’t ALL Economists Be Rich?

I remember back at Uni, during my first year when I’d actually enrolled for an engineering course before switching to commerce, a young lad quite rudely asked the calculus lecturer just what on earth we were being taught during a specific lesson would help us with in our application of that “knowledge.” That guy (who’s probably a fully qualified engineer by now) went on to shape my entire professional life as that’s perhaps the defining moment which made me question…

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The Magic of Compounded Interest

The Magic of Compounded Interest

I often find myself thinking back to my high school days and feeling a bit sorry for those kids who elected not to do maths as a subject. These are the people to whom it’s very hard to explain concepts such as compounded interest and the magic behind what is essentially the best instrument one can use to steadily grow money which they otherwise don’t plan to touch for a long time to come. We all know that merely putting…

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What to Look For in a Broker

What to Look For in a Broker

If you’ve ever watched the Wolf of Wall Street, you might be forgiven for not placing any trust in brokers because they’re just out to make you move your money so that they can make commission, right? Well, while that is true to certain extent, it largely depends on which financial service you’re looking to purchase. Even if somebody cold-calls you offering you a “once-in-a-lifetime opportunity” to invest in some product you “simply can’t do without any longer,” it doesn’t…

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